📣 Crypto Updates of the Week: What’s New?
Here are the key events in the crypto world from the past few days:
1️⃣ SEC Rejects SOL Spot ETF
The SEC has rejected applications for Solana spot ETFs, making it clear that under current policies, no new crypto-ETFs are expected to gain approval 🚧
2️⃣ RTFKT to Exit Web3 by 2025
Nike’s subsidiary RTFKT will end its Web3 activities in January 2025.
Before leaving, the team plans to update the website and conduct the MNLTH X BLADE DROP.
3️⃣ Sky Under Fire Over $756M in USDC
Sky (formerly MakerDAO) faces criticism for holding USDC reserves in a standard EOA wallet.
4️⃣ Movement Network: Beta Mainnet Launch
The Movement Network Foundation has activated its Beta Mainnet, offering follower nodes, RPC, indexers, limited smart contracts, and Genesis NFTs.
5️⃣ XION L1 and $XION Token Debut
XION launches its mainnet and the $XION token, focusing on “walletless” solutions, fiat transactions, and gas abstraction.
6️⃣ Swell L2 Enters the Optimism Ecosystem
Swell Network plans to deploy its Layer 2 solution (Swell L2) on Optimism, with the mainnet expected by mid-to-late December.
7️⃣ BNB Chain Launches Meme Token Airdrop
Starting December 12, BNB Chain will buy meme tokens worth 33 BNB daily for a week and distribute them randomly to 1,000 users.
8️⃣ Pudgy Penguins Prepares PENGU Token for 2024
PENGU will be a multi-chain solution appearing on Solana, Ethereum, and Abstract Chain.
9️⃣ Milady MEME Delayed, Community Unhappy
Despite raising over $20 million in the presale, the release of the MEME token is postponed.
1️⃣0️⃣ PancakeSwap Springboard for Quick Token Launches
PancakeSwap has introduced the Springboard launchpad, simplifying token creation and launches with no code and zero fees.
👍 Summary
This week in crypto was eventful: from regulatory rejections and high-profile exits to new network launches, tokens, and improved community tools. Progress never stops! 🔥
Crypto Showcase 💸
Here are the key events in the crypto world from the past few days:
1️⃣ SEC Rejects SOL Spot ETF
The SEC has rejected applications for Solana spot ETFs, making it clear that under current policies, no new crypto-ETFs are expected to gain approval 🚧
2️⃣ RTFKT to Exit Web3 by 2025
Nike’s subsidiary RTFKT will end its Web3 activities in January 2025.
Before leaving, the team plans to update the website and conduct the MNLTH X BLADE DROP.
3️⃣ Sky Under Fire Over $756M in USDC
Sky (formerly MakerDAO) faces criticism for holding USDC reserves in a standard EOA wallet.
Although the team claims that the recovery keys were destroyed, the community remains uneasy about security and transparency.
4️⃣ Movement Network: Beta Mainnet Launch
The Movement Network Foundation has activated its Beta Mainnet, offering follower nodes, RPC, indexers, limited smart contracts, and Genesis NFTs.
Major exchanges, including Coinbase and Bybit, are preparing to list MOVE.
5️⃣ XION L1 and $XION Token Debut
XION launches its mainnet and the $XION token, focusing on “walletless” solutions, fiat transactions, and gas abstraction.
The main goal is to simplify user migration from Web2 to Web3, prioritizing community development.
6️⃣ Swell L2 Enters the Optimism Ecosystem
Swell Network plans to deploy its Layer 2 solution (Swell L2) on Optimism, with the mainnet expected by mid-to-late December.
The devnet is already live, and projects are testing their dApps on the new platform.
7️⃣ BNB Chain Launches Meme Token Airdrop
Starting December 12, BNB Chain will buy meme tokens worth 33 BNB daily for a week and distribute them randomly to 1,000 users.
8️⃣ Pudgy Penguins Prepares PENGU Token for 2024
PENGU will be a multi-chain solution appearing on Solana, Ethereum, and Abstract Chain.
A significant portion of tokens will be allocated to support the community and strengthen the ecosystem.
9️⃣ Milady MEME Delayed, Community Unhappy
Despite raising over $20 million in the presale, the release of the MEME token is postponed.
1️⃣0️⃣ PancakeSwap Springboard for Quick Token Launches
PancakeSwap has introduced the Springboard launchpad, simplifying token creation and launches with no code and zero fees.
👍 Summary
This week in crypto was eventful: from regulatory rejections and high-profile exits to new network launches, tokens, and improved community tools. Progress never stops! 🔥
Crypto Showcase 💸