Crypto Surge 2024: Meme Coins, ETH Cleared, Ukraine Leads
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Welcome back to Blockchain Bytes, your monthly scoop on all things blockchain and crypto. Grab a coffee (or your favorite blockchain-themed energy drink) and let's dive into what's been shaking up our world lately??
TL;DR:
Trending Topics:
Bottom Line: People today want to have fun and play.
1. First-ever Ukrainian blockchain week by Incrypted in Kyiv!
In June, Kyiv hosted a large-scale series of events under the banner of Ukrainian Blockchain Week 2024, organized by the Incrypted team. The week included several significant events:
Thousands of guests and participants, including representatives from leading Web3 companies and notable figures in the crypto industry, attended UBW’24. More Info
ETH founder Vitalik Buterin visited the Incrypted Conference and here's what he says: https://incrypted.com/en/vitalik-buterin-on-changes-in-the-ukrainian-community/
Really proud of Ukraine and Ukrainians playing a vital role in Blockchain Now and Tomorrow.
2. SEC Closes Ethereum 2.0 Investigation?
In a major win for the Ethereum community, the Securities and Exchange Commission has concluded its investigation into Ethereum 2.0 without taking action against ConsenSys. This decision provides much-needed regulatory clarity and may pave the way for further innovation in the Ethereum ecosystem. Read More
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3. Solana Meme Coins Outperform Ethereum in 2024 Rally
Solana-based meme coins have emerged as the surprise frontrunners in the 2024 crypto market, surging 800% year-to-date and significantly outpacing their Ethereum counterparts. Leading the charge is Billy, a Solana meme coin that rapidly achieved a $100 million market cap.
Celebrity involvement has both boosted and complicated the Solana meme coin landscape. Meanwhile, Solana's native cryptocurrency SOL has climbed to become the fifth-largest by market cap.
This unexpected meme coin boom highlights Solana's growing prominence in the crypto ecosystem, potentially challenging Ethereum's long-held dominance in the decentralized finance. Read More
4. Ripple Expands APAC Presence
Blockchain firm Ripple has launched a dedicated Japan and Korea fund, aimed at driving innovation and fostering growth on the XRP Ledger. This move signifies Ripple's continued expansion in the Asia-Pacific region and its commitment to developing the XRP ecosystem. Read More
5. BlackRock's Bitcoin ETF Dominance
BlackRock's iShares Bitcoin Trust has emerged as the world's largest Bitcoin fund, accumulating an impressive $20 billion in assets since its U.S. launch earlier this year. This milestone represents a significant shift in the cryptocurrency landscape, highlighting the growing institutional interest in digital assets. Read more
6. Tether Ceases USDT Minting on Algorand and EOS
Tether, the issuer of the world's largest stablecoin, has announced it will stop minting USDT tokens on the Algorand and EOS blockchains. This decision is part of a strategic transition to prioritize community-driven blockchain support, potentially reshaping the stablecoin landscape. ?Read More
7. Argentina Considers Crypto Adoption?
Incentives Argentina is taking steps towards encouraging crypto adoption with proposals set to be put before the Senate. These proposals would offer preferential tax incentives to citizens who disclose undeclared crypto holdings, potentially boosting the country's crypto economy. Read More
2024's shaping up to be one wild ride for crypto. We've got big conferences, regulatory wins, major players making moves, and countries warming up to blockchain life. Whether you're a seasoned HODLer or just dipping your toes in, there's never been a more exciting time to be in this space.
Stay curious, stay safe, and remember - DYOR (Do Your Own Research)! Catch you on the flip side!