OpenLedger secures $8M in seed funding led by @PolychainCap to advance its AI blockchain platform. Funds will expand the team and operations for a Q4 2024 testnet launch, focusing on data sovereignty and digital identity solutions. #Blockchain #Update
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
? SCRYPT CEO Norman Wooding predicts $ETH could exceed $4,000 if the SEC approves spot Ether ETFs by Q3 2024. Approval might drive $5B in net inflows, enhancing liquidity and staking yields. #Ethereum #Update
Chromia will launch its MVP Mainnet on July 16, introducing the CHR token and key network functions. The price of $CHR surged 12% in 24 hours, reflecting strong market interest. #Update #Blockchain #CryptoNews
Toncoin ($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
Nycrypto Labs has raised $800K to launch Tidus Wallet, a multi-chain crypto app offering in-app lending, borrowing, swapping, and staking. Supported by DNA Fund and Transform Ventures, Tidus aims to reduce transaction fees and complexity. #Update #CryptoNews
Tether partners with BTguru to explore tokenization for Turkish banks amidst new crypto regulations. Turkey exits FATF’s “grey list” for money laundering. Potential $2 trillion market cap by 2030. #Crypto
Zignaly’s $ZIG token surged to $0.1313, nearing its all-time high, fueled by a major token burn and decentralization efforts. With over 2,500% growth from its 2023 low and a market cap above $132M, further gains are anticipated. #CryptoNews
Felipe Argento, co-founder of @CartesiProject, highlights the rise of modular blockchain for decentralization, security, and scalability. This paradigm offers developers more control over dApp composition, promoting resilience and trust. Effective governance is key. #Blockchain #Update
Crypto mining stocks like Hut 8 and Bitfarms have surged, with returns of 86% and 34%, respectively, post-Bitcoin’s halving, while BTC dropped 3.62%. Analysts highlight the importance of infrastructure and scale in mining. #Crypto #Update
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
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
Bing Wang of BasedVC highlights the $8B RWA tokenization market’s challenges, emphasizing the need for clear regulations to drive innovation and protect investors. The sector could hit $24T by 2027, but faces SEC hurdles. #CryptoNews #Update
The @SECGov has sued Silvergate Capital, alleging it misled investors about compliance with anti-money laundering laws and detecting $9B in suspicious transfers linked to FTX. Silvergate agreed to a $50M penalty. #CryptoCompliance
