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August, 2024

August, 2024

Polygon (MATIC) Open Interest Revisits Bear Market Lows — What Next
Polygon (MATIC) price has declined by 17% in the last 30 days. While the token has had a series of recoveries, its price action in recent weeks has been nothing short of underwhelming. One question...
Santa Monica Unveils Bitcoin Office to Boost Local Economy And Job Creation
Santa Monica, California, is making a significant push into the crypto industry with the launch of a dedicated Bitcoin office and plans for a Bitcoin festival by October. The City Council approved ...
TRON Achieves 29% Transaction Growth in Q2, But TVL Declines
A recent report by Messari revealed that in the second quarter of 2024, TRON saw a significant 29% rise in daily transactions, reflecting its growing adoption in the blockchain ecosystem. This incr...
Shiba Inu (SHIB) Presents Buying Opportunity, Yet Rally Could Be Delayed
Shiba Inu (SHIB), the second most valuable meme coin, was not exempted from the market bloodbath that occurred on August 5. A few days later, the token bounced after initially hitting a five-month low...
SEC Delays Decision on Hashdex’s Spot Bitcoin-Ethereum ETF, Extends Review Until September
The US Securities and Exchange Commission (SEC) has extended its review period for Hashdex’s proposal for a combined spot Bitcoin and Ethereum exchange-traded fund (ETF). If approved, the Hashdex...
Ripple Initiates RLUSD Stablecoin Beta Testing on XRP Ledger and Ethereum Mainnet
Ripple, the financial technology firm behind the XRP cryptocurrency, has initiated testing of its much-anticipated stablecoin, Ripple USD (RLUSD). According to its official announcement, the testin...
Crypto Whales Bought These Altcoins in the First Week of August 2024
Every week, irrespective of the market condition, crypto whales tend to load more on most of their position. The first week of August 2024 has been no different despite the significant dip in the ...
Toncoin’s Latest Milestone Is Good News, But Not for TON Price
Telegram-based project Toncoin (TON) has emerged as one of the breakout blockchains of this cycle. This success is driven not only by the token’s price performance but also by the significant level ...
Grayscale: Bitcoin Can Retest All-Time High This Year
Grayscale Research suggests that the downside risk to crypto prices may be more limited than in the past, making an all-time high (ATH) for Bitcoin (BTC) this year a possibility. Cryptocurrency mar...
This Week in Meme Coins: BONK, MEW, and BOME Shed Gains as Solana-Based Meme Coins Retreat
The short-lived rally in Solana-based meme coins has come to an abrupt end, with Bonk (BONK), Cat in a Dog’s World (ME...
Newswire > August, 2024
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