Litecoin Sees Surge in On-Chain Activity
Litecoin’s on-chain activity has surged, with weekly transaction volume more than doubling to $26.5 billion, showcasing increased network usage despite recent price fluctuations.
Crypto
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Tron Network’s Rising Dominance in Blockchain Fee Generation
Tron network has outperformed Ethereum in fee generation over the past 90 days, potentially becoming the most profitable blockchain. This surge is largely attributed to USDT transactions on the Tron network.
Bitcoin Dips Below $59K
Bitcoin and the broader cryptocurrency market experienced a significant downturn on Sunday, with BTC dropping below $59,000 and the total crypto market value declining by 3.18%. The dip triggered substantial liquidations in the derivatives market, totaling $132.49 million.
XRP Price Surges Amid Ripple’s Legal Breakthrough
XRP’s price jumped 26% following a federal judge’s ruling in the Ripple vs. SEC case, signaling a potential end to the three-year legal battle and boosting market sentiment.
Ronin Network Recovers Stolen Ethereum, Awaits USDC Return
The Ronin Network has successfully recovered $10 million worth of Ethereum stolen in a recent security breach, with USDC expected to be returned soon, highlighting the ongoing challenges and responses to crypto security issues.
Dogecoin Decline Reflects Broader Crypto Market Challenges
Dogecoin’s price has dropped below $0.10, experiencing a 5% decline in 24 hours, amid a broader cryptocurrency market downturn influenced by Bitcoin’s performance and economic uncertainties.
Crypto Market Faces Sharp Decline Amid Global Uncertainties
Bitcoin and Ethereum experienced significant drops, with BTC falling below $50,000 and ETH seeing its worst single-day decline since May 2021, amid global economic concerns and Middle East tensions.
XRP Market Faces Volatility Amid Ripple Developments
XRP’s uptrend encounters resistance at $0.66, with recent price action suggesting a potential short-term trend reversal, while Ripple introduces tokenized Treasuries on the XRP Ledger.
Solana Hits Revenue Milestone, Outperforming Ethereum
Solana has outperformed Ethereum in weekly revenue for the first time, generating $25 million compared to Ethereum’s $21 million, largely due to increased transaction fees and MEV tips fueled by memecoin activity.
Qifa’s Tether Use for China-Russia Trade
Chinese firm Qifa is using Tether stablecoin for cross-border payments between China and Russia amid sanctions, raising questions about legality and potential consequences in both countries.