Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
3iQ Digital Asset Management is criticized for marketing its Solana Fund ($QSOL) as North America’s first Solana ETP. Analysts claim it lacks essential ETF features, raising concerns over 3iQ’s promotional tactics. #Solana #Update
Teleport, a new rideshare service on Solana blockchain, launches with 857 drivers. Developed by Decentralized Engineering Corp., it charges only 15% of fares vs. Uber’s 44%. Co-founder Raj Gokal believes this onchain model “could actually work.” #Blockchain
3iQ files for North America’s first Solana-based spot ETF, QSOL, set to trade on the Toronto Stock Exchange. Offering simplified investment in $SOL, it promises 6-8% profit through staking. Available in Canada (excluding Quebec). Custodians: Coinbase Custody & Tetra Trust. #Update
Canadian firm 3iQ Corp files to launch North America’s first Solana ETF, $QSOL, on the Toronto Stock Exchange. This move, following U.S. approval of spot Ethereum ETFs, aims to simplify Solana exposure for investors. #Update #CryptoNews
Ripple wins procedural victory as Judge dismisses most claims in Oakland class action lawsuit. Federal and state law securities claims against Ripple rejected. XRP’s security status still undecided, with another trial involving CEO Brad Garlinghouse pending. #CryptoLaw #Update
Jeremy Hogan doubts the SEC’s appeal win against @Ripple in the U.S. Court of Appeals, even if successful, could lead to more legal battles. Judge Torres ruled XRP sales to retail investors aren’t securities, but institutional sales violated laws. #Update $XRP
Konami partners with Avalanche to launch the NFT platform Resella, promising zero gas fees and high data speeds. This move, leveraging Konami’s iconic franchises, aims to enhance Web3 gaming and expand NFTs’ utility. #NFTs #Web3
Polkadot researchers propose reducing the staked $DOT unbonding period from 28 days to 2 days, introducing a flexible mechanism to enhance user experience while maintaining network security. #CryptoNews #Polkadot
Prominent investors Peter Brandt & @woonomic debate Tether’s future amid allegations by Consumers’ Research. Concerns include misleading USD backing and avoiding audits, while Woo sees potential in over-collateralized assets like Bitcoin. #Crypto #Update
Book of Meme ($BOME) and Notcoin ($NOT) surged after Coinbase perpetual futures listing. $BOME rose 3.41% to $0.008828, bolstered by its digital archiving tech, while $NOT gained 130% in a month, stabilizing at $0.01591. #Update
Galaxy Digital, founded by Michael Novogratz, is set to surpass @Coinbase as the largest validator in the Solana network, holding 9.7M $SOL tokens. Expected to generate $22M annually from staking fees. #Crypto #Update
In March 2024, the Dogwifhat community raised $700K for an ad on the MSG Sphere in Vegas. The ad never aired, and funds remain in a multisig wallet. Ansem and mihir face criticism for lack of transparency. #CryptoCrowdfunding #Update
Base, a new blockchain platform, sees rapid growth, increasing daily active users from 437K to 642K in two days. With 2.766M daily transactions, Base is challenging @Solana by addressing Ethereum’s scalability. #Blockchain #Update
Pudgy Penguins NFT collection, launched in 2021, evolved into an ecosystem with toys and a game. With $10M in toy sales and integration with Ethereum’s zkSync, it ranks among the top 20 NFT collections. #NFT #Update
