Litecoin Shows Signs of Potential Bullish Activity
Litecoin (LTC) is showing promising signs of a potential price surge. Crypto analytics firm Santiment has reported an increase in address activity on the Litecoin network, which often precedes price increases. This uptick in activity suggests growing interest and usage of Litecoin.
Litecoin is currently in the spotlight due to its upcoming upgrades, which are expected to enhance its privacy and scalability. One of the key components of the upgrade is the integration of MimbleWimble Extension Blocks (MWEB), which will improve privacy by obfuscating transaction details. Additionally, Litecoin founder, Charlie Lee, has also announced to expand its reach into the banking sector.
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Crypto News: Near Protocol Faces Bearish Market Trend
Aurora Labs has successfully integrated Bitcoin with NEAR Protocol. The firm introduced a Bitcoin Light Client that operates as a smart contract on the NEAR network. This development verifies Bitcoin transactions within the NEAR ecosystem, enabling Bitcoin assets to be used on NEAR. Additionally, a Relayer Service was introduced to ensure continuous updates between the two ecosystems.
In Q2 2024, NEAR Protocol showed strong performance, with a significant increase in network activity and a 717% surge in its stablecoin ecosystem, led by USDC and USDT.
Sui Bridge Incentive Program Distributes Over $6M in Rewards
Sui Network has announced the successful conclusion of its Sui Bridge Incentive Program. The program, which ran from June 8 to July 31, saw remarkable engagement, distributing over $6 million in rewards to participants who contributed to testing and improving the Sui Bridge.
The incentive program attracted over 184,000 participants who collectively completed millions of transactions.
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Arthur Hayes Acquires Over 40M Aethir (ATH) Tokens
On Thursday, reports indicated that Arthur Hayes, the founder of BitMEX, acquired 11.4 million ATH tokens, valued at around $800,000. Additionally, Hayes received another 29.611 million ATH tokens from various exchanges, including KuCoin, Bybit, and HTX.
Hayes now holds a total of 41.011 million ATH tokens, estimated to be worth approximately $2.84 million, making this his third largest on-chain holding.
In a separate instance, Lookonchain reported that another major investor, or “whale,” purchased 28.87 million ATH tokens worth $1.95 million across exchanges like Bybit, KuCoin, and OKX.
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DOGS to Airdrop 400 Billion Tokens on August 20
$DOGS is preparing for its official listing on August 20, 2024, accompanied by an airdrop event. Eligible users, totaling 42.2 million out of 53 million participants, will receive an average of 9,500 $DOGS tokens each, amounting to over 400 billion $DOGS. The token’s unique “Dogenomics” allocates 81.5% of the total 550 billion supply to the community, with 73% going to Telegram OGs who earned tokens through the bot.
Users can start claiming their tokens through Telegram Wallets or centralized exchanges from August 16, with non-custodial wallet claims available from the listing date.
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