Tether Halts USDT Issuance on Algorand, EOS
Tether halts $USDT issuance on Algorand and EOS, citing security and sustainability concerns. Redemption on these blockchains will continue for 12 months. #CryptoNews #Blockchain
Altcoins
Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Shiba Inu Surges: Burn Rate Hits 8500%
Shiba Inu ($SHIB) burn rate surged 8500% on July 3, burning 17.71M tokens. Key wallets: 0x608… (7.77M) and 0xa2d… (4.17M). Despite a downtrend, this could trigger a 28% rebound if support at $0.00001688 holds. Currently, $SHIB trades below its 50-day and 200-day EMAs. #CryptoNews
Gala Games Animoca Partnership Boosts GALA Token
Gala Games and @AnimocaBrands have partnered to enhance the $GALA token experience. Animoca will facilitate orderly trading and become a GalaChain validator. GALA price rebounded to $0.02623, with trading volume up 38% in 24 hours. Total futures open interest rose to 2.35 billion. #CryptoNews
Ripple, Coinbase Challenge SEC Using Binance Victory
Ripple and Coinbase are challenging the SEC, leveraging Binance’s recent court win. Ripple highlights a judge’s ruling that XRP sales aren’t securities, questioning the 1946 Howey Test’s relevance. Coinbase calls for clearer rules, citing inefficiencies in SEC practices. This push could reshape crypto regulations. #CryptoNews
Toncoin vs Cardano: On-Chain Data Gains
Toncoin ($TON) surged 4.5% in 24 hours, 8% over the week, driven by Kazakhstan’s regulatory approval and Pantera Capital investments. Cardano ($ADA) rose 3.5% to $0.418, up 6% weekly, fueled by network upgrades. Both show strong bullish momentum despite market volatility. #CryptoNews
Billy Memecoin Soars to Key Milestone
New memecoin Billy surged from $0.021 to $0.1320 since June, reaching a $115M valuation. Now the second-biggest Pump.fun token after Michi, it’s traded on Solana-based DEXs like Raydium and Orca. #Update #CryptoNews $SOL
Chromia Launches MVP Mainnet on July 16
Chromia will launch its MVP Mainnet on July 16, introducing the CHR token and key network functions. The price of $CHR surged 12% in 24 hours, reflecting strong market interest. #Update #Blockchain #CryptoNews
Toncoin Surges, Surpasses Avalanche and Polygon
Toncoin ($TON) surged to $8.10, just shy of its all-time high, with an 800% rise in 2023. It now ranks as the 8th largest blockchain in DeFi with a TVL of $1.13B. #Update
XRP Surge: Escrow Moves, Whale Activity Boost
$XRP surged 1.40% to $0.4873 on July 2 as 3 billion XRP were moved, including 1 billion unlocked from escrow and 800 million locked back. Whale Alert reported 30.76 million XRP moved to Bitstamp. Analysts predict a 25% rally on bullish indicators. #CryptoNews
Pump.fun Memecoin: Revolutionizing Crypto for Everyone
Iggy Azalea’s memecoin, MOTHER, launched on Pump.fun, hit a $200M market cap before falling 75%. The platform, now hosting 1.16M tokens, generates $500K+ daily revenue but faces scrutiny due to past $2M exploit. #CryptoNews
Cardano Launches Eco Metrics for MiCA Compliance
The Cardano Foundation, partnering with @CryptoRatings, has unveiled eco-friendly metrics for the Cardano blockchain to meet Europe’s MiCA rules, showcasing energy efficiency and low carbon footprint. #Sustainability #CryptoNews
Polkadot’s Marketing Splurge Angers Blockchain Community
Polkadot faces backlash after revealing $37M in marketing expenses, with $20M on ads and $10M in sponsorships. Critics, including @MantaNetwork’s Victor Ji, call it a “highly toxic ecosystem.” Treasury has a 2-year runway left. #Update #Crypto
Top Performers 2024: DOT, RABT, LDO Analysis
Cryptocurrency investors are eyeing Polkadot ($DOT), Raboo Token ($RABT), and Lido DAO ($LDO) for 2024. Polkadot excels in blockchain interoperability, Raboo’s AI-driven meme tech impresses, and Lido’s Ethereum staking solutions shine. #Update
BONK Surges 10%, Outshines Top Meme Coins
Solana-based meme coin $BONK surged 10%, now trading at $0.000025 with a $1.77B market cap, driven by the BONK x Helio Pay event in London. Daily trading volume hit $350M, while $DOGE and $SHIB declined. #Update