Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Stacks ($STX) surged 9% after the SEC concluded a three-year investigation into Hiro Systems, formerly Blockstack, without recommending enforcement action. This decision, following a similar outcome for Paxos, boosted market sentiment. $STX reached $1.71, marking a significant regulatory win for the crypto sector. #CryptoNews
IOTA partners with Eviden to launch a Digital Product Passport for electric vehicle batteries, enhancing transparency and compliance with EU standards. The DLT-based solution aims to expand into manufacturing, fashion, and food. #Sustainability #Update
Stacks ($STX) surges 32% this week as Bitcoin rises, boosting its market cap to $2.4B. DeFi TVL jumps from $60.2M to $80M. Analysts warn potential hurdles like miner capitulation may impact recovery. #Crypto #Update
Stacks ($STX) nears $2 as institutional Bitcoin investments surge, jumping 12% to $1.66. Meanwhile, 99Bitcoins token presale raises $2.3M for crypto education, transitioning from ERC-20 to BRC20. #Update
Ripple CTO David Schwartz criticizes GOP’s stance on CBDCs, calling it “crazy.” He argues CBDCs bring innovation and should compete fairly. Despite some in crypto citing privacy concerns, Schwartz sees the debate on digital assets as progress. He warns of potential downsides to an anti-crypto stance. #Update
Manta Network partners with @Bonk_inu to launch a meme-themed campaign on Manta Pacific, starting July 10, 2024. Participants can earn up to 690,000 $MANTA tokens by staking 1M $BONK and holding ETH or MANTA. #Update #CryptoNews
Shiba Inu marketing lead Lucie outlines why a $SHIB ETF is imminent: enhanced accessibility, regulation, security, and increased demand. While drawbacks like centralization and management costs exist, the ETF could significantly impact $SHIB’s market dynamics. #CryptoNews
Solana-based memecoin WATER surged over 200% after Ronaldinho’s Instagram promo, following Lionel Messi’s endorsement. The project supports flood victims in Ukraine and clean water initiatives in Uganda/Ethiopia, with transparency via a public wallet. #Update #CryptoNews
Circle minted $250M of $USDC on Solana, boosting the supply by over 10%. USDC now dominates Solana’s stablecoin market with $2.35B out of $3.34B total, highlighting its key role in Solana’s liquidity. #CryptoNews
Siacoin ($SC) surged 29% to $0.005248, with market cap up 27% to $303M. Trading volume spiked 2,700% to $72.7M. $SC powers @Sia__Foundation’s decentralized cloud storage. #Update #CryptoNews
LayerZero Labs and Initia Labs are developing a new interoperability standard for Cosmos. This will connect Cosmos SDK chains with LayerZero-enabled chains, boosting omnichain interoperability. LayerZero has already handled over 135 million cross-chain messages. #BlockchainTech #Update
Bitcoin ($BTC) and XRP ($XRP) are in focus as the U.S. Senate Committee and Rep. Ro Khanna’s roundtable discuss future crypto regulations today. With the CFTC Chair and Ripple’s CEO participating, Bitcoin is up nearly 2% ($58,510.62) and XRP at $0.4417. #CryptoRegulations
Matthew Sigel, VanEck’s Head of Digital Assets Research, is optimistic about a Solana ETF despite regulatory hurdles. VanEck’s approach highlights Solana’s blockchain utility and decentralization. Successful Solana ETFs in Europe and strong Spot Bitcoin ETF performance underscore investor interest. A new SEC Chair could improve clarity. #Update
Golem (@GolemProject) transferred 4,600 ETH ($14.1M) to Binance and Bitfinex amid a price recovery. Over five days, 29,000 ETH ($88.9M) moved, sparking concerns about selling pressure on $ETH. Golem focuses on network growth and solo staking their ETH holdings. #Ethereum
