ApeCoin ($APE) launches the testnet for its layer-2 network, ApeChain, backed by @HorizenLabs and @Arbitrum. ApeChain aims to use APE tokens for gas and governance, with potential $7M annual revenue. #ApeChain #Update
The SEC has filed litigation against Consensys, claiming Terra Luna Classic ($LUNC), Polygon ($MATIC), The Sandbox ($SAND), Chiliz ($CHZ), and Decentraland ($MANA) are securities. The SEC says these tokens were marketed with profit promises and facilitated trading via MetaMask Swaps. #Update
$XLM surged 12%, showing strong market enthusiasm. Futures Open Interest jumped 47.24% to $42.01M, and derivatives volume spiked 229.81% to $184.91M. With XLM’s market cap at $2.98B and 24-hour trading volume up 120.04%, it could challenge its $1 resistance. #Update
TRON’s (@justinsuntron) Q3 and Q4 2024 plans focus on enhancing user experience, expanding market share, and boosting their talent pool. $TRX saw price gains, reflecting investor confidence. With a market cap of $12.1B and a price of $0.14, TRON’s strong performance underscores its blockchain influence. #CryptoNews
.@AbraGlobal acquires Tron ($TRX) and Zilliqa ($ZIL) trusts from Valkyrie Investments, expanding its crypto offerings. Abra will also return $82.1M in cryptocurrencies to U.S. customers following a regulatory settlement. #Update #CryptoNews
Stacks ($STX) surged 9% after the SEC concluded a three-year investigation into Hiro Systems, formerly Blockstack, without recommending enforcement action. This decision, following a similar outcome for Paxos, boosted market sentiment. $STX reached $1.71, marking a significant regulatory win for the crypto sector. #CryptoNews
IOTA partners with Eviden to launch a Digital Product Passport for electric vehicle batteries, enhancing transparency and compliance with EU standards. The DLT-based solution aims to expand into manufacturing, fashion, and food. #Sustainability #Update
Stacks ($STX) surges 32% this week as Bitcoin rises, boosting its market cap to $2.4B. DeFi TVL jumps from $60.2M to $80M. Analysts warn potential hurdles like miner capitulation may impact recovery. #Crypto #Update
Stacks ($STX) nears $2 as institutional Bitcoin investments surge, jumping 12% to $1.66. Meanwhile, 99Bitcoins token presale raises $2.3M for crypto education, transitioning from ERC-20 to BRC20. #Update
Siacoin ($SC) surged 29% to $0.005248, with market cap up 27% to $303M. Trading volume spiked 2,700% to $72.7M. $SC powers @Sia__Foundation’s decentralized cloud storage. #Update #CryptoNews
LayerZero Labs and Initia Labs are developing a new interoperability standard for Cosmos. This will connect Cosmos SDK chains with LayerZero-enabled chains, boosting omnichain interoperability. LayerZero has already handled over 135 million cross-chain messages. #BlockchainTech #Update
Golem (@GolemProject) transferred 4,600 ETH ($14.1M) to Binance and Bitfinex amid a price recovery. Over five days, 29,000 ETH ($88.9M) moved, sparking concerns about selling pressure on $ETH. Golem focuses on network growth and solo staking their ETH holdings. #Ethereum
Tether (@Tether_to) stops issuing $USDT on Algorand and EOS to focus on Ethereum, Tron, and Solana. Current holders can redeem tokens for the next 12 months. This move aims to enhance security and efficiency. #Blockchain #CryptoNews
Singapore court rules Multichain owes $2.18M to @FantomFDN for 2023 hack losses. The decision allows Fantom to recover assets lost in a July exploit. The case highlights the need for secure, decentralized control in crypto projects. #CryptoSecurity
