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Sony Block Solutions Labs and Startale launch Ethereum Layer-2 network Soneium to integrate blockchain with mainstream internet services like entertainment, gaming, and finance. Launch partners include Chainlink and Astar network, with a testnet coming soon.
Anchorage Digital launches a reward program for institutional investors holding $PYUSD, offering returns without rehypothecation. $PYUSD, nearing a $1B market cap, sees significant adoption on the Solana blockchain. @PayPal @AnchorageDigital
Coinbase will increase its $USDC holdings on the Base network starting March 26 for lower fees and faster settlements. Currently, 17% of its $220.7M USDC is on Base, with 70% on Ethereum. @Coinbase encourages others to adopt on-chain solutions.
$AVAX surges 7% to $25 after @Grayscale launches Avalanche Trust and @FTI_US extends its on-chain money market fund to the Avalanche network. These moves underscore AVAX’s growing role in the crypto ecosystem and real-world asset tokenization.
Justin Sun forecasts $TRX revenue hitting $4B with a meme strategy. Daily revenue peaked at $5.33M, beating $ETH and $SOL. The SunPump memecoin earned $585K in 24 hours. Plans to enhance USDD stablecoin to compete with $DAI.
Polygon processes 579.97B gas units daily at just $65.48K, outpacing BNB Mainnet and Ethereum in cost-efficiency. As DeFi grows, Polygon’s scalable solution attracts users seeking low-cost transactions.
Coinbase will migrate $MATIC tokens to $POL starting Aug. 26. Trading for both tokens begins Sept. 4. $MATIC transactions paused Aug. 26-Sept. 10. $MATIC staking rewards continue during migration. $POL enhances Polygon’s network efficiency.
Spot $ETH ETFs see $2B inflows in four weeks, per @ETFStore. Global ETF flows hit $911B YTD, with $17B from US-traded spot crypto ETFs. Ethereum underperforms, down 40% in a month amid major sell-offs.
McDonald’s Instagram was hacked to promote the scam memecoin $GRIMACE, leading to a $25M market cap within two hours before crashing by 95%. Hackers stole $700K from investors, underscoring the risks in the memecoin frenzy on Solana.
? Tron’s ($TRX) daily revenue hits $3.84M, surpassing Ethereum ($ETH) and Solana ($SOL), driven by the SunPump craze. Over 20,883 memecoins launched, with early investors seeing substantial profits, one gaining $20M from SUNDOG tokens. #crypto
? Tether launches new $AED stablecoin, pegged 1:1 to UAE Dirham, to streamline regional transactions and trade, reduce fees, and mitigate currency risks. This move aligns with Abu Dhabi’s proposed regulatory framework for fiat-referenced tokens. #CryptoNews
Cardano ($ADA) plans the Chang hard fork for Aug. 27, with Sept. 3 as a backup. The upgrade, featuring PlutusV3 for enhanced security and governance, sees 80% node adoption but only 34% exchange liquidity. #Crypto #Blockchain
VanEck’s Solana ETF remains viable despite regulatory challenges. @MatthewSigel asserts $SOL should be a commodity due to its decentralization, with top 100 holders controlling only 27% of supply and over 1,500 validators across 41 countries.
Anonymous trader Phantom exploits memecoin market vulnerabilities on Pump.Fun, making $60K weekly. Using tools like DogWiffTools, Phantom creates fake demand and dumps tokens, with 98.5% of tokens rug-pulled, highlighting systemic issues on the platform. #crypto #memecoins
