Coinedition
Stellar partners with Fonbnk to create on/off-ramps for the global digital economy. Airtime credits can now be converted into USDC using Stellar’s network. Unlocking financial access for over 350 million unbanked people in Africa.
John Deaton’s XRP advocacy earned praise from Bill Morgan for exceptional attorney integrity. Ripple’s XRP faced setbacks due to the SEC lawsuit but regained momentum with surging trading volumes. Deaton highlighted XRP’s 2012 dominance, before stablecoins, and Ripple’s role in cross-border payments.
AI cryptocurrency market cap reaches $16.8 billion, a 22.3% 24-hour increase. Nine AI tokens exceed $1 billion in market capitalization. Top gainers show triple-digit growth, signaling rising investor interest.
John Deaton confirms owning XRP worth $1-5 million as of August 2024. Deaton emphasizes his fight against SEC overreach, prioritizing fairness. Deaton owns more BTC and ETH than XRP but defends XRP’s community rights.
Charles Hoskinson expresses interest in CIP-113 and its role in real-world asset tokenization. CIP-113 introduces programmable assets, smart accounts, and improved security. Early adopters like FluidTokens and MinswapDEX are preparing for implementation, with full readiness expected by Q1 2025.
Binance adds STMX and TROY to Monitoring Tag, signaling heightened volatility risks. CVX and SUN show improved stability as they exit Binance’s Monitoring Tag list. ARKM, BLUR, JTO, and TIA transition from Seed Tag, reflecting project maturity.
Charles Hoskinson hinted at a potential class action against the Wyoming Stable Token Commission. Blockchain firms could sue the commission for lack of fairness and transparency. Hoskinson faulted the commission’s selection of Stellar over Ripple.
Ethereum TVL rose to $65 billion as the cryptocurrency moved closer to $4,000. Arbitrum and Optimism continue to dominate the ETH layer 2 scaling sector. ARB and OP both turned bullish, surging 6.46% and 5.05%, respectively.
Bitcoin ETFs see $438M outflows, led by BITB at $280M, ending 5-day inflow streak. Ethereum ETFs post $2.8M inflows, contrasting Bitcoin’s trend amid steady trading volumes. Last week saw record $3.13B inflows, but European markets faced $141M outflows.
