Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
VanEck launches the MEMECOIN Index, a first-of-its-kind tool on Marketvector, designed for transparent tracking of leading memecoins, utilizing a modified market cap-weighted approach to offer a balanced market overview.
The crypto market plummeted, shedding over $140 billion as Bitcoin, Ethereum, and other major cryptocurrencies fell sharply due to hawkish Federal Reserve comments and regulatory crackdowns, signaling a sensitive market reaction to macroeconomic changes.
The Celsius Network’s token, CEL, soared by 370% after the company decided to burn 94% of its supply, removing 652.2 million tokens, which significantly increased its market cap and trading volume.
The Starknet Foundation’s $5 million Seed Grant Program aims to fund 200 projects, offering up to $25,000 each, mainly focusing on blockchain games and DeFi platforms, to spur innovation in the blockchain sector.
Mash, an innovator in Bitcoin Lightning Network infrastructure, will close on May 17, 2024, despite raising $6 million in June 2022, to reassess its unique “pay-as-you-enjoy” model for online content monetization.
Mastercard, in collaboration with top US banks like Citigroup and JPMorgan Chase, is pioneering tokenized asset settlements using shared-ledger technology to transform cross-border transactions, aiming for enhanced efficiency and reduced fraud.
The U.S. DOJ charges Dmitry Khoroshev, leader of LockBit ransomware, offering a $10 million reward for information leading to his capture, highlighting a major effort against cybercrime.
Apple’s launched M4 chip executes up to 38 trillion operations per second, a 50% speed increase over the M2, offering unprecedented efficiency in AI and cryptocurrency tasks on the latest iPad Pro tablets.
The crypto market is experiencing a sharp downturn, with its trading volume dropping to $63.63B and the overall market cap decreasing to $2.3 trillion, significantly influenced by regulatory challenges and a shift in investment strategies.
Cardano (ADA) is spotlighted as a key investment opportunity with its RSI at 32, hinting at a robust potential return, alongside Shiba Inu and XRP, as top altcoins showing strong buy signals amid a market pullback, according to Santiment.
The SEC’s remedies brief against Ripple escalates a legal battle with major implications for the crypto market and XRP’s future price, potentially setting a precedent for U.S. cryptocurrency regulation.
Today, amidst a significant downturn in the cryptocurrency market, Ethena stood out by gaining 3.46% to $0.9048, showcasing resilience and potential growth in a bearish market, while Solana also demonstrated robust recovery.
FTX plans to fully repay its customers post-bankruptcy, boasting a financial turnaround with a cash reserve of $16.3 billion, exceeding the $11 billion owed, setting a precedent in cryptocurrency bankruptcy management.
Wintermute collaborates with OSL Digital Securities and Haskey HK Exchange to launch Hong Kong’s first cryptocurrency ETFs on April 30, 2024, enhancing liquidity and marking a significant step in integrating crypto investments with traditional financial safeguards.
