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πŸ¦ŽπŸš€ Time to jazz up your doodles with some stripes! πŸ‘š

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

UPDATE: The previously scheduled maintenance on August 12, 2024 has been rescheduled. For real-time updates and further information, please stay tuned to platform notifications on X (formerly Twitter) and StatusPal.

Time to take a break from the charts, Geckos!
   

Is this the beginning of ETH's comeback, or has it run out of steam?

 

In today's news:
 

  • Adi-doodles πŸ‘Ÿ

  • Ripple's new stablecoin πŸ’°

 

Read on!

24h Hot Searches Worldwide πŸ”₯

  • Sui                         (+6.4%)

  • AIT Protocol          (-8.1%)

  • Reef                       (-24.0%)

  • Ginnan The Cat   (-11.4%)

  • Notcoin                  (-6.7%)

  • Ondo                      (-9.1%)

  • Toncoin                  (-4.9%)

How Many Days of Crypto Corrections

  

Crypto has experienced 62 days of market correction from 2014 to date, which makes up 1.6% of the time during this period.

 
Notably, crypto saw 0 days of correction in 2023. While both the global crypto market and Bitcoin have yet to experience any days of correction so far this year, it remains to be seen if that will be the case for the rest of 2024.

Adi-doodles πŸ‘Ÿ

 

The Doodles NFT collection is teaming up with Adidas to launch their own virtual swag packs, which can be redeemed for physical apparel.

 

Each exclusive pack consists of 2 different items, and are currently available to purchase until Friday.
 
A single pack will cost $4.99, while bundles containing up to 100 packs are priced anywhere from $8.49 to $374.99.

 

The packs contain a variety of Adidas Originals-themed Wearables, which can be used to further personalize existing Doodles avatars.

Beyond just Wearables, the packs will also consist of physical collectibles that feature Deyzi, a digital mascot from Pharell William's new song.

These collectibles include a tracksuit as well as a pair of sneakers, with a maximum cap of only 200 items each.

 

Who doesn't want airdrops? Watch today's video to learn about 8 more projects which may airdrop tokens to users, and how to maximize your chances of qualifying for them.

Ripple's new stablecoin πŸ’°

  

Ripple has started testing its new stablecoin on the XRP Ledger as well as the Ethereum blockchain.
 

Known as Ripple USD (RLUSD), the new currency will be used to meet global demand for stablecoins, and supports cross-border payments.
 
Ripple also added that there are plans to expand the integration of RLUSD to other blockchains and DeFi protocols over time.
 
However, the firm had stated that RLUSD has not yet been approved by regulators, making it unavailable to purchase or trade before its official launch.

   

NEAR Introduces Chain Signatures -  a groundbreaking Chain Abstraction solution built on NEAR enabling the next chapter of Chain Abstraction by allowing smart contracts and accounts to sign transactions on any chain. 

   

In this article, we'll explore how Agoric aims to revolutionize crypto UX, making it easier to experience seamless cross-chain opportunities with fewer transaction signatures required.

   

Learn about LightLink, an enterprise and dApp focused Layer 2 on Ethereum that aims to offer users instant, gasless transactions.

In Other News...

 

  • U.S. Crypto Taxes Simplified. Authorities revised tax forms for crypto investors, no longer requiring wallet addresses. The proposed revisions would simplify tax reporting and better protect user privacy.

     

  • Oops! An unknown crypto user just paid $90K in gas fees to transfer $2K worth of Ether on the Ethereum mainnet. This serves as a reminder to double-check transactions before signing them.
     

  • I Canto Believe It. Cosmos-based Canto network experienced an outage on Sunday due to a problematic software update. The team plans to conduct a network upgrade today to resolve the issue and assure that all user funds are safe.
     

  • Lawsuit Frenzy Celsius v. All. The bankrupt crypto lender Celsius has filed lawsuits against Tether, Badger DAO, Compound, and others. While no verdicts have been reached, Celsius aims to recover funds to repay its creditors.
     

  • Orderly Network Teases Airdrop. The trading infrastructure and liquidity layer project unveils important details about the tokenomics for their upcoming airdrop and token, ORDER.

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