Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Tether (@Tether_to) stops issuing $USDT on Algorand and EOS to focus on Ethereum, Tron, and Solana. Current holders can redeem tokens for the next 12 months. This move aims to enhance security and efficiency. #Blockchain #CryptoNews
Meme coins, a $56B sector, overshadow serious innovations like DePINs and RWAs. Coins like $DOGE now lead to significant financial losses for newcomers, with celebrity tokens like @IggyAzalea’s MOTHER & Hulk Hogan’s HULK marred by scandals. #Update
ShardLab unveils a new app using NFTs, zero-knowledge proofs, and account abstraction for secure voucher distribution. Launched at Southeast Asia Blockchain Week 2024, it was successfully tested at ICONSIAM, integrating with retail systems at 60+ locations. #Blockchain #Update
Parties in the Ripple lawsuit filed motions to seal exhibits following a favorable order for Brad Garlinghouse, Ripple Labs, and XRP II. Judge Hamilton set deadlines for motions and hearings in July. Meanwhile, whales are accumulating $XRP ahead of the final judgment on penalties. #Update
? On July 9, $XRP faced volatility as whale movements totaled 237M coins. Significant transfers included 35.35M to Bitstamp and 150M from Ripple to an unknown wallet. Price dipped 1.33% to $0.4347. With the Ripple lawsuit nearing conclusion, market speculation intensifies. #CryptoNews
Cardano’s Node 9.0.0 launched on July 8, enabling on-chain governance and Plutus script support. Upgrade essential for the upcoming Chang hard fork. #Cardano #CryptoNews
Singapore court rules Multichain owes $2.18M to @FantomFDN for 2023 hack losses. The decision allows Fantom to recover assets lost in a July exploit. The case highlights the need for secure, decentralized control in crypto projects. #CryptoSecurity
Lionel Messi’s Instagram story featuring $WATER memecoin surged its price by over 20%. Despite no official endorsement, the token now trades at $0.001029, up 21.12% in 24 hours. Created with the Solana memecoin BEER team, it highlights the power of celebrity influence in crypto. #Update
Football legend @LeoMessi promoted Solana memecoin Water (WATER) to 504M Instagram followers, causing a 60% surge before settling at a 4.5% gain. WATER funds global charities, boasting a $73.6M market cap. #Crypto #Update
Solana co-founder Anatoly Yakovenko suggests memecoin creators offer developer grants to build user features, aiming to stabilize the sector. This comes amid an 8% market drop, affecting $BRETT, $DOGWIFHAT, and $PEPE. #Update #CryptoNews
EOS Network launches a $127M staking rewards program with 85,600 $EOS tokens distributed daily and an initial 60% APY. Lock-up periods increased from 4 to 21 days. EOS supply capped at 2.1B tokens to boost stability. #Update #CryptoNews
Solana ($SOL) stabilizes above $120.50, signaling bottoming ahead of potential Ethereum ETF approval this week. Analysts predict a 35% upside if it hits $188.20. SEC may then focus on spot Solana ETFs. #CryptoNews
XRP shows strong recovery, rising to $0.44 after a major whale purchase of 300M coins worth $130.13M. Increased trading volume (86%) and futures open interest indicate renewed market confidence. Legal optimism in Ripple vs. SEC case boosts investor sentiment. #CryptoNews
Solana ($SOL) pulls in $16M, surpassing Ethereum’s ($ETH) $10M amid a $441M crypto market inflow. Solana’s YTD inflows reach $57M, driven by scalability and lower costs. Significant investments from the U.S., Hong Kong, Switzerland, and Canada highlight global interest. #CryptoNews
