Altcoins Filecoin, Polygon, and Cosmos Surge as Solana Rally Cools

X2Y2, the Ethereum NFT marketplace, will shut down its trading platform by April's end. The team will focus on AI and crypto, leaving smart contracts operational for trades.

Vine Coin, VINE, spiked 122% after xAI acquired the defunct Vine app, prompting speculation of its revival. Musk's interest in Vine was evident when he hinted at bringing back the app in January.

The Solana Policy Institute, a new nonprofit, aims to advocate for decentralized networks like Solana in Washington, D.C. Founded by Miller Whitehouse-Levine, the institute seeks to ensure Solana's interests are represented in discussions with lawmakers amidst growing political interest in the crypto industry.

MYRIAD, an on-chain prediction markets platform by DASTAN, is now integrated into Decrypt. Users can engage with prediction markets directly on Decrypt without needing the MYRIAD browser extension. This integration aims to enhance the reader experience by offering relevant markets within Decrypt articles.

American Bitcoin, a new industrial-scale mining firm, was launched by Donald Trump Jr. and Eric Trump in partnership with Hut 8. The venture, with Hut 8 holding an 80% ownership stake, aims to be the world's largest Bitcoin miner, separate from Hut 8's operations.

Strategy disclosed acquiring $1.92 billion worth of Bitcoin, holding a total of 528,185 Bitcoin valued at $35.6 billion. The firm raised funds through stock sales and preferred stock offerings, with plans to purchase more Bitcoin in the upcoming week.

The National Monetary Council (CMN) in Brazil has prohibited closed pension funds from investing in cryptocurrencies due to their high risk nature. These pension entities manage retirement savings for workers and are now restricted from allocating guarantee reserves to digital assets like Bitcoin.

IREN, an Australia-based bitcoin miner, is transitioning its growth strategy from BTC mining to AI data centers and cloud services. The company plans to complete a 50 EH/s mining expansion before focusing on AI and HPC infrastructure.

Hashgraph, known for the Hedera network, is developing a private blockchain, HashSphere, to cater to regulated industries. The platform aims to facilitate secure cross-border transactions for asset managers, banks, and payment providers while ensuring compliance with regulations like KYC and AML.

Hut 8 Corp. has announced the launch of a Bitcoin mining venture in collaboration with Eric Trump. American Bitcoin is launching as a majority-owned subsidiary of Hut 8, with a focus on Bitcoin mining and strategic reserve development. The firm aims to become "the world’s largest, most efficient pure-play Bitcoin miner while building a robust strategic Bitcoin reserve," it said in a press release.