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Cryptocurrency News Articles
This Week in Blockchain: Virtuals Partners with Solana, Jupiter Exchange Acquires SonarWatch, Ivanka Trump Denounces Fake Cryptocurrency Using Her Name, and Soneium Partners with SonovaNFT to Redefine NFT Innovation
Jan 27, 2025 at 05:15 am
This week showcased remarkable advancements in blockchain innovation and partnerships. To enable increased scalability and utilities to creators
Virtuals, a collective of AI agents, announced its partnership with the Solana blockchain platform. The partnership aims to empower builders with Solana's high-performance capabilities to create new innovative solutions. As part of its efforts to support emerging creators pushing the boundaries of technology, Virtuals Nation achieved a significant milestone.
Virtuals is facilitating novel decentralized application developments through its integration with Solana, realizing the potential of blockchain in advancing creative pursuits. Among the latest additions is the Meteora Pool on Solana, which now supports asset-backed trading platforms operating on Solana. As a result, a 1% trading fee is allocated to $SOL, forming a reserve to support online creators engaging in trading.
Announcing the partnership, Virtuals states that, “Virtuals is excited to announce our partnership with Solana! Together, we're building a brighter future for Web3 creators. This partnership will enable builders to leverage Solana's high performance and low cost to create new and exciting decentralized applications. Stay tuned!”
Jupiter Exchange, a cryptocurrency exchange platform, announced that it has signed an agreement to acquire SonarWatch, a popular portfolio monitoring tool, in a move that will enhance the user experience for the Solana community. Following the acquisition, Jupiter Exchange unveiled its new portfolio tracking service accessible via portfolio.jup.ag, which leverages SonarWatch's development expertise. This integration enables Jupiter to monitor Solana transactions on its platform.
The integration is now available for desktop users, with Jupiter set to launch its mobile platform soon. This new update will allow Jupiter to cater to the demanding portfolio management needs of its users. Through its partnership with SonarWatch, Jupiter aims to deliver a user-friendly experience and forge deeper connections within the ecosystem.
“We're excited to announce that Jupiter is acquiring SonarWatch, a leading Solana portfolio monitoring service,” announces Jupiter Exchange. It continues, “SonarWatch will be rebranding to Jupiter Scan and launching a new portfolio tracking service at portfolio.jup.ag. This service will allow users to track their Solana transactions on Jupiter and quickly identify opportunities.”
HTX is extending its support to the successful upgrade of the USDD 2.0 contract, which went live on the TRON network, marking a significant step in the decentralized stablecoin's journey. This upgrade introduces enhanced security measures, decentralized governance, and greater stability.
Among the notable features of USDD 2.0 are secure liquidation and dynamic collateral ratios, which enable users to adjust their collateral positions in real-time as market conditions fluctuate. This mechanism safeguards users against losses and facilitates gains, enhancing USDD's resilience.
Collectively, these updates aim to provide investors with a safer and more stable option in the stablecoin landscape. HTX's involvement in this initiative underscores its commitment to driving innovation within the stablecoin domain.
“The HTX team is pleased to announce the successful upgrade of the USDD 2.0 contract on the TRON network,” announces HTX. It adds, “This upgrade brings us one step closer to achieving our goal of mass adoption. Thank you for your continued support!”
Ivanka Trump, the daughter of former U.S. President Donald Trump, took to social media on January 23, 2025, to denounce the promotion of a cryptocurrency coin using her name, stating that it was unauthorized.
"Promotion of $IVANKA crypto is unauthorized. They used my likeness without my permission or rights. Be careful and stay clear from fraudulent statements,” wrote Ivanka in her post.
This fake cryptocurrency is reportedly designed to scam people by linking them to Ivanka and scamming them due to the naivety of those investors they are ripping off. In a tweet, Ivanka also clarified that she is not linked to the project. A crypto expert warned that, according to your warning, they should be careful and stay alert from fraudulent statements where most of them are never true. This statement is to protect Ivanka Trump's reputation and to continue preventing the exploitation of her name in scambaiting people.
A class-action lawsuit was filed against Ivanka Trump in December 2022 by victims of cryptocurrency scams who claim that her social media posts and endorsements led them to lose millions of dollars. The lawsuit alleges that Ivanka promoted several cryptocurrency projects on her social media platforms without disclosing her affiliation or the risks involved in crypto investments. The plaintiffs also accuse her of deleting her posts and comments after learning about the scams.
SonovaNFT, a renowned NFT marketplace, has officially partnered with Soneium, a leading Ethereum L2 Blockchain, in a move that will unlock new possibilities for digital creativity and pave the way for fundamental changes in NFT technology.
Instead of minting NFTs on high-cost and congested networks, Soneium will integrate its advanced technology into SonovaNFT's user-centric activities. The NFT marketplace will operate within Soneium's ecosystem to ensure uninterrupted service.
Users will
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- The crypto market sees a shift with Solana declining 11%, while XRP and the promising DTX Exchange gain traction
- Jan 29, 2025 at 07:25 am
- The cryptocurrency market is experiencing a radical shift, with Solana (SOL) decreasing value and XRP and a new promising token, DTX Exchange, gaining investor attention.