Coins.ph Increases Cash-In Limits to ₱10M
Coins.ph has increased its daily cash-in limits to ₱500,000 for Level 2 accounts (verified with ID and selfie) and ₱10 million for Level 3 accounts (verified with proof of address and proof of income). This adjustment is part of the exchange’s commitment to comply with regulatory standards while providing users with flexibility and enhanced transaction security. For high-volume traders and crypto enthusiasts, the raised limits offer more opportunities to manage larger transactions on a trusted platform. (BitPinas)
Solana Surpasses XRP, Becomes Fifth-Largest Cryptocurrency
Solana has officially overtaken XRP to become the fifth-largest cryptocurrency by market capitalization, spurred by the recent meme coin trend. The rising popularity of meme coins has fueled Solana’s market growth, drawing in increased investment. This shift highlights the fast-paced nature of the cryptocurrency market and the influence of trends on asset rankings, making Solana a key player in today’s evolving digital landscape.Solana Surpasses XRP, Becomes Fifth-Largest Cryptocurrency. (CoinDesk)
Daily Gas Spent on EVM Inscriptions Peaks Amid Ordinals Craze
Amid the ongoing Ordinals craze, the daily gas usage for Ethereum Virtual Machine (EVM) inscriptions has surged to new highs. This increased demand for block space reflects heightened activity not only on the Bitcoin network but also on Ethereum, underscoring the impact of trending activities like Ordinals on blockchain congestion and transaction fees. This phenomenon emphasizes how network demand can drive fluctuations in user costs. (Cointelegraph)
Phantom Wallet Now Supports Bitcoin Ordinals and BRC-20 Tokens
In a recent update, the popular crypto wallet Phantom has added support for Bitcoin ordinals and BRC-20 tokens. This integration enables users to manage Bitcoin Ordinals along with their other crypto assets on Phantom, enhancing user experience and asset management convenience. The addition showcases Phantom’s dedication to being a versatile wallet choice in the ever-diversifying crypto space. (The Block)
Shiba Inu Explores Offering SHIB Internet Domains
Shiba Inu is considering an initiative to allow SHIB token holders to acquire internet domains branded with “SHIB.” If this concept is implemented, SHIB holders would have a unique digital space to highlight their community involvement. This potential feature could further solidify Shiba Inu’s integration into digital spaces, representing another step in its evolution as a community-driven crypto project. (CoinDesk)
Chainlink and Polygon's zkEVM Partnership to Support dApp Development
Chainlink’s decentralized oracle network is now integrated with Polygon's zkEVM, a layer 2 scaling solution compatible with Ethereum. This partnership will allow developers building on Polygon's zkEVM to access Chainlink’s secure data feeds for their decentralized applications (dApps), enhancing dApp reliability and security. This integration represents a powerful synergy for developers focusing on scalability and security. (Crypto Briefing)
Ledger Enhances Security for Decentralized Applications (dApps)
Ledger has announced the suspension of blind signing for dApps on its hardware wallet platform, promoting clearer signing practices. This decision aims to address security risks associated with blind signing and reflects Ledger’s proactive stance on user protection. The change signals Ledger's commitment to evolving its platform in line with security standards. (Crypto Briefing)
Immutable Introduces CrossVerse Tool for Video Games and Marketplaces
Blockchain gaming platform Immutable has launched CrossVerse, a tool designed to enable interoperability across multiple games and marketplaces. With this feature, users can transfer in-game assets seamlessly across various ecosystems, promoting ownership retention in gaming. This development represents Immutable’s vision to leverage blockchain for a more interconnected gaming experience. (The Block)
Real Estate Embraces B2B Cryptocurrency Payments
More real estate companies are exploring the use of cryptocurrency for B2B transactions, embracing blockchain’s efficiency in reducing cross-border payment costs. This trend reflects a shift towards cryptocurrency’s practical applications in traditional industries, highlighting blockchain technology’s growing impact on business operations across sectors. (PYMNTS)
42 Countries Address Cryptocurrency Regulations in 2023
In 2023, at least 42 countries have discussed or enacted crypto regulations, highlighting a global shift toward regulatory clarity. This trend signifies the growing importance of cryptocurrency within financial systems worldwide, as countries address both the challenges and opportunities presented by digital assets. (CoinDesk)
