Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
NFT market sees biggest quarter since early 2023, with $4B trading volume in Q2, per @DappRadar. Blur dominates with 31% market share, Magic Eden rises to 22%, and OpenSea leads in sales at 12%. #Update #NFTs
The Web3 Foundation has awarded Dot Play a Decentralized Futures Grant to boost Polkadot’s gaming sector. Dot Play will develop a platform with essential tools for game developers. #Polkadot #Web3 #Updates
Orbs launches its Liquidity Hub on Fenix Finance, enhancing liquidity and capital efficiency for Blast users. This integration promises reduced slippage, gas-free transactions, and MEV protection. Fenix Finance has seen $150M in volume since its Open Beta. #Update #DeFi
Dogecoin whale accumulates 90M DOGE from Binance amid market crash, boosting holdings to 1.42B DOGE worth $157.3M. Despite a 7.08% pullback to $0.11, this move hints at bullish sentiment. Derivatives volume surged 64.80%, showing investor uncertainty. #CryptoNews
Ripple has launched “Try It” for its Payments API, allowing developers to send simulated API requests without logging in. This feature helps test API responses in real-time, speeding up integration and enhancing the developer experience. #FinTech #Blockchain #Update
BitMEX launches MEMEMEXTUSDT, a Basket Index perpetual swap, giving traders exposure to top 10 meme coins by market cap, including $DOGE, $SHIB, and $PEPE. Margined in USDT with up to 25x leverage, it simplifies meme coin market access. #CryptoNews
.@BitMEX launches the MEMEMEXTUSDT Basket Index Perpetual Swap Contract, consolidating top 10 memecoins by market cap into one product. Monthly rebalanced, it aims to simplify trading and improve liquidity with fees of -0.015% (maker) & 0.075% (taker). #CryptoNews
Polkadot ($DOT) faces scrutiny after revealing $87M in spending for H1 2024 and a net annual loss of $108M. With 42.4% spent on marketing and ongoing criticisms of governance, concerns about its sustainability are rising. #Update #Crypto
NFT.NYC sees a decline in energy and investment as the NFT market matures. Focus shifts from speculative collectibles to practical uses in finance, gaming, and real estate. Tokenized real-world assets now exceed $6.5B TVL. #Update #NFT
Web3 Foundation and @ParityTech confirm Polkadot’s financial independence, dismissing treasury depletion fears. Polkadot Governance praised for transparency and community engagement. #CryptoUpdates #BlockchainNews
? Ethereum, Bitcoin, and XRP lead 2024 crypto scam losses, with over $1.5B stolen in the first half. DeFi protocols hit hardest, accounting for 59% of losses. Major hacks include 4,502.9 BTC from DMM Bitcoin and 213M XRP from Chris Larsen’s wallets. Security measures are crucial. #CryptoSecurity
? A user lost $230K worth of NFTs in a phishing attack on Blur, reported by Solidity developer @0xQuit. The hacker stole 49 NFTs, including items from @BoredApeYC, Beanz, and Elementals collections. This highlights the need for robust security in the NFT space. #Update
Renowned XRP whale shifts 63M coins ($30.63M) amid Ripple (@Ripple) vs SEC legal battle. Ripple files Notice of Supplemental Authority, referencing SEC vs Binance, yet XRP dips 0.40% to $0.4824. Market remains volatile as Judge Analisa Torres’ ruling is pending. #CryptoNews
Helium ($HNT) surged 7% to $3.74 amid a crypto downturn, boosted by the Helium Foundation’s HIP-128 proposal for an ENERGY subnetwork rewarding solar energy production. Trading volume soared 34% to $12.2M. #Update #CryptoNews
