Tezos celebrated “Paris”, the sixteenth update of its blockchain, introducing a Data Availability Layer (DAL) and simultaneously achieving an increase in scalability, with better performance in terms of L2 transaction execution and block times.

All this allows for the exploitation of new functionalities and use cases in the on-chain world, such as in the gaming sector, in digital ticketing, and generally in all those services that require high throughput.

The crypto XTZ seems to have responded well to the news, recording a +3.18% in the last 24 hours.

Let’s see everything in detail below.

Tezos Upgrade: the blockchain increases L2 throughput and unlocks new use cases

The cryptographic network of Tezos officially completed the “Paris” upgrade on June 4 at 21:29:25 UTC, with the validatori of the infrastructure downloading the latest version of the software, adding very interesting new features.

This is the sixteenth upgrade of the Tezos blockchain, and one of the most important because it significantly improves the scalability factor, aligning the historic network with the changing needs of the cryptographic world.

The Paris protocol was adopted by bakers through Tezos’ on-chain governance mechanism and activated on Mainnet on June 4 at 21:29:25 UTC.

Keep scrolling to find out what this new upgrade is bringing you:

(2/6)

— Tezos (@tezos) June 4, 2024

The update “Paris” introduces an essential element in the new on-chain architecture of the network, namely the Data-Availability Layer (DAL).

We talk about a data availability infrastructure, which allows storing information from L1 and L2 (and vice versa), promotes a decentralized, open, and reliable network, and at the same time with better participation in terms of hardware requirements and bandwidth.

By activating the DAL, the Tezos blockchain manages to significantly increase the throughput of the Smart Rollup supported on it, such as Etherlink, allowing for the handling of a much larger volume of transactions and reducing the waiting times for block validation.

In particular, according to what was reported by the project team, the “block time” will be reduced from the initial 15 seconds to 10 seconds, adding better latency and finality, ensuring a smoother user experience, without compromising the reliability and security of the network (always referring to L1 Tezos).

This advantage allows Tezos to open up to new use cases, exploring the sector of gaming, cryptographic ticketing, and all those services that require a high volume of transactions.

In all this, the data of the rollup remain accessible and verifiable, supporting a wide range of decentralized applications (dApp).

Overall, the increase in scalability makes the blockchain more appealing both for developers and for users, opening up to new stimuli in the web3 world and approaching the performance of other competing networks such as Solana.

Source: https://tezos.gitlab.io/shell/dal_overview.html

Another advantage brought with Paris is the introduction of the so-called “Adaptive issuance” within the Proof-of-Stake, with the aim of better aligning with the needs of DeFi and improving the security of the chain.

The adaptive issuance proposes that the number of XTZ coins issued by the POS is not fixed, but variable based on the needs of the protocol, implementing static and dynamic rates.

This process reduces the need for centralized exchanges to engage as validators of the chain, in addition to allowing greater compatibility with the external real world, avoiding administrative complications and potential regulatory impacts.

Furthermore, the new staking mechanism increases the amount of funds locked in Tezos’ Proof-of-Stake, making the network more secure.

Analysis and forecasts of the crypto XTZ

Despite the excellent progress made by the Tezos team to bring the latest improvements in the rollup and DA field within their blockchain, the crypto XTZ does not seem to show particularly encouraging performance in the market.

The main token of the Tezos ecosystem, in the bull market of 2021 grew by about 500% calculating the price variation from March 2020 to the peak of October 2021, but during the current bull run it does not seem to have woken up yet.

XTZ still marks an 88% drawdown from the highs, despite having grown by approximately 45% from the October 2023 low.

The prices remain below the EMA 50, highlighting a lack of interest from investors who are betting on new projects, leaving aside the old workhorses.

Despite all this, it is possible that XTZ will register a positive performance in the coming months, especially if the Tezos team continues to update to keep up with innovations in the blockchain world.

In a similar scenario, even excluding the surpassing of old historical highs, we can at least imagine a recovery of the 4 dollar threshold and the achievement of a moment of popularity for the project within the broad cryptographic landscape.

In support of the bullish theses, it is worth noting the presence of a bullish divergence on the RSI, between the lows of December 2022 and those of September 2023.

Weekly chart of Tezos price (XTZ/USD), Bitfinex market

XTZ is positioned at the 91st place within the CoinMarketCap ranking, with a capitalization of 937 million dollars and a volume in the last 24 hours of 26 million dollars.

Tortola, British Virgin Islands, June 5th, 2024, Chainwire

Nibiru EVM execution boasts blazing-fast transaction speeds, scalability, and seamless integration for Ethereum developers, positioning Nibiru to drive mainstream adoption and innovation in Web3. 

Overcoming Ethereum’s Scalability Hurdles

Nibiru Chain, a pioneering smart contract ecosystem, introduces Nibiru EVM, a high-performance Ethereum Virtual Machine (EVM) execution environment, showcased in its latest v2 release.

Nibiru plans to scale beyond Ethereum’s current infrastructure, which is limited to approximately 20 transactions per second (TPS) and results in high fees during periods of congestion. These constraints hinder developers from building performance-intensive applications similar to the ones seen in Web2. Nibiru EVM surpasses these limitations by offering throughput exceeding 10,000 TPS even with just single-threaded execution.

To take the scaling and performance a step further, Nibiru plans to upgrade the network to process transactions with parallel optimistic execution, which is “targeted for release before the end of 2024,” according to Co-Founder of Nibiru, Unique Divine. This approach allows nodes to utilize extra hardware resources, pushing the boundaries on the network’s transaction handling capabilities.

Fueling Ecosystem Expansion and Enhanced Developer Experience

“Compatibility with Ethereum is a key driver for attracting liquidity and promoting ecosystem growth on Nibiru EVM. Launching a blockchain protocol is about building trust and showcasing real-world utility. Innovating and improving the EVM is a key part of our strategy,” explains Unique.

With Ethereum developers accounting for applications that make up over 90% of the total value locked (TVL) across smart contract ecosystems, Nibiru EVM significantly lowers barriers to entry and accelerates development timelines.

Nibiru EVM empowers developers with a robust, user-friendly environment that enables seamless interaction between Ethereum-based tokens and applications across multiple virtual machines. This multi-VM approach ensures fast transaction processing and a streamlined user experience.

Ethereum developers are able to deploy applications in a familiar EVM environment, reducing barriers to entry and accelerating development timelines, whilst also reaping the benefits of parallel optimistic execution and instant finality.

Nibiru in Early Innings

Since its mainnet launch in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts written in the Rust programming language. The introduction of Nibiru EVM promises developers an EVM-compatible execution environment that is both highly performant and scalable. Positioned to play a crucial role in the future of decentralized applications, Nibiru is driving innovation and setting the stage for mainstream adoption.

About Nibiru

Users can stay up-to-date on the latest news or engage with Nibiru by visiting the Community Hub. Users can find the official web application and information on user guides, block explorers, and upcoming governance and improvement proposals. 

Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, and value accrual.

Contact

PR & Media Inquiries
media@nibiru.org

Riot Platoforms, one of the largest Bitcoin mining companies in the world, is trying in every way to make up for the reduction in revenue resulting from the advent of the halving of the cryptocurrency, which has halved the reward for digital extraction.

In particular, the miner, headquartered in Castle Rock, Colorado, is upgrading its infrastructure to achieve more efficient Bitcoin production, as well as considering acquisitions of other groups and implementing energy-saving strategies.

Despite all these new developments, Riot records a 43% drop in earnings compared to last month: will the miner be able to withstand the post-halving storms?

Let’s see everything in detail below.

The mining operator Riot moves between infrastructure updates, acquisitions, and energy strategies to survive the impact of Bitcoin halving

The arrival of the Bitcoin halving in April had negative effects on the main Bitcoin mining operators, also putting in crisis the company Riot Platforms which represents the second largest miner in the United States and the sixth entity in the world by number of BTC held on the balance sheet.

Riot is trying in every way to reduce the negative impact of the halving of mining rewards, implementing a real operational plan.

First and foremost, according to a press release, the Colorado miner is upgrading its infrastructure by launching a new Bitcoin mining facility in Corsicana, Texas, which produces approximately 3.1 exahash per second (EH/s).

This allows Riot’s total self-mining capacity to reach 14.7 EH/s, an increase of 17% compared to the previous month.

The mining facility currently operates at 100 megawatts (MW) and will eventually reach 1 gigawatt (1,000 MW) once fully developed.

Riot Produces 215 #Bitcoin in May 2024 and Increases Deployed Hash Rate to 14.7 EH/s.

“Riot made significant progress towards its 2024 hash rate growth targets during the month of May as operations ramped up at our second mining facility outside of Corsicana, Texas,” said…

— Riot Platforms, Inc. (@RiotPlatforms) June 4, 2024

This choice reflects Riot’s extremely positive view on the appreciation of Bitcoin in the long term: it indeed seeks to mine as many coins as possible to secure a greater profit in the future and recover the recent losses due to the halving.

In the plans of the mining company, there is indeed the intention to reach a total hash capacity of 31 EH/s by the end of 2024 and 41 EH/s by 2025.

To achieve this, the group has entered into an agreement with MicroBT to add 33,280 extraction devices to its farms  through a gradual process, committing to ensure constant profitability even during bear periods.

Furthermore, Riot is looking to expand by acquiring competing companies such as Bitfarms, to which it has proposed a buyout offer with a combination of cash and common shares, amounting to 950 million dollars, with a 24% premium compared to the average price of the company’s shares.

The offer arrived at a time when the management of Bitfarms is in transition, searching for a new CEO.

Source: https://www.riotplatforms.com/riot-announces-may-2024-production-and-operations-updates/

Among other things, Riot, as explained by its CEO Jason Les,  is trying to efficiently manage Bitcoin mining by also leveraging energy strategies, already used by the company in the past, such as the so-called “energy credits in response to demand”.

These are the words of the CEO: 

“The exclusive energy strategy of Riot, which we generally use more actively in the summer months, has already started to show significant results for this year, generating approximately 7.3 million dollars in energy credits and demand response in May.”

In August of last year, Riot had earned a substantial 31.7 million dollars in energy credits for partially halting its mining operations during the hottest hours of the day, avoiding severe blackouts for ERCOT (Electric Reliability Council of Texas) and simultaneously achieving a boost in profits.

In May 2023 Riot obtained only 500 thousand dollars in energy credits from ERCOT, despite recording a 43% decrease in the amount of Bitcoin mined compared to the previous month, with a -68% year-on-year.

We will see if in the coming months it will be able to replicate last year’s trend by compensating for post-halving losses with alternative credits.

Source: https://www.riotplatforms.com/riot-announces-may-2024-production-and-operations-updates/

Despite the difficulties encountered in recent months, it is clear that Riot is well positioned to face the post-halving period.

His mixed strategy, with the tendency to aim at producing more and more hashrate and at the same time to cash in continuously, can only be successful in the future, especially in a scenario that sees Bitcoin appreciating significantly, becoming in all respects one of the most performing assets of traditional finance.

It is clear that if the bull market does not go as hoped and BTC never sees the 100,000 dollars, then Riot will have to review its exposure in the sector to better manage its financial situation.

Analysis and price forecast of the stock Riot Platforms (RIOT)

The company Riot Platforms, engaged in Bitcoin mining, is listed on the Nasdaq with the ticker RIOT and boasts a market capitalization of 2.79 billion dollars.

The stock during the last bull market recorded a stellar performance, marking a growth of over 3000% from the halving of May 2020 until the top of February 2021.

From that point onwards, we witnessed a long distribution phase, losing up to 95% of the quotations, which ended around mid-2023, marking the beginning of a lateral trend that continues to this day.

The prices as of today are compressed below the EMA 50 weekly, in the middle of a very long range that has been ongoing for over a year, waiting for investors to take a clear direction in the chart.

Very interesting to note how the top of RIOT arrived a good 9 months before the top of Bitcoin (or if we want 2 months before the top of April 2021). If there will be the same correlation also in this bull market, then this means that we are still extremely far from the maximum of Bitcoin.

The future price action of the titolo will partly depend on the company’s ability to bring home large profits from Bitcoin mining activities, but above all on the performance of BTC itself, which will decide the fate of an entire mining industry.

In this sense, exposing oneself to stocks like that of Riot Platforms offers a leverage of the investment on BTC, with boosted profits in case of a rise, but at the same time with dumps of greater proportions in case of a fall.

By the end of 2024, if there is a new rally by Bitcoin, we expect a strong rise in the RIOT stock, with prices likely to revisit the area around 40 dollars.

Even the stocks of Bitcoin mining producers like MARA, HIVE, HUT8 etc. have offered great profit opportunities in the last bull cycle and could replicate the trend in the coming months.

Crypto news: Tether has announced that it has invested 18.75 million dollars in XREX Group, to promote financial inclusion in emerging markets. 

Tether: the crypto company invests in XREX to promote financial inclusion in emerging markets

Tether, the crypto company behind the largest stablecoin USDT, has announced that it has invested 18.75 million dollars in XREX Group. The main objective is to promote financial inclusion in emerging markets. 

Tether Invests $18.75M in XREX Group to Drive Financial Inclusion in Emerging Markets
Learn more: https://t.co/R1rs7ZPoZc

— Tether (@Tether_to) June 5, 2024

“Tether invests 18.75 million dollars in XREX Group to promote financial inclusion in emerging markets”

In practice, the new collaboration aims to facilitate cross-border payments based on USDT in emerging markets and to innovate regulatory technology. 

Specifically, the investment will serve XREX Group to revolutionize financial transactions and to offer businesses greater ease, efficiency, and potentially lower costs.

Not only that, XREX will work with the Unitas Foundation to launch XAU1, a unified stablecoin pegged to the USD, over-reserved with Tether Gold (XAUt), which will provide customers with a stable alternative and a hedge against inflation.

Tether with XREX Group to support crypto users in emerging markets

The collaboration signed by Tether and XREX Group will also commit to promoting innovation in Regulatory Technology (RegTech), improving solutions to identify and prevent the illicit use of stablecoins.

In this way, the two companies will try to create an environment that is safe, accessible, and reliable for all cryptocurrency users in emerging markets.

In this regard, Paolo Ardoino, CEO of Tether, commented as follows: 

“The strategic investment of Tether in XREX Group testifies to our constant commitment to promoting financial inclusion in emerging markets. Our collaboration with XREX will lead to several innovative initiatives, including the launch of a new unified stablecoin by the Unitas Foundation and the facilitation of cross-border payments based on USDT, establishing a new standard for financial accessibility and efficiency in the region.

This latest investment aligns with Tether’s long-term vision of building a resilient infrastructure that extends beyond the boundaries of the cryptocurrency market, as demonstrated by our diversified investments in various industrial sectors.”

The investment in Bitcoin mining: 100 million dollars in shares for Bitdeer 

Recently, Tether also announced another investment for Bitdeer, dedicated to enhancing its mining operations and processing capacity. 

In fact, Tether would have agreed on the purchase of shares of the Bitcoin miner, Bitdeer, for a total of 150 million dollars.  

In reality, Tether would have acquired 100 million dollars in initial shares, plus a warrant for the purchase of an additional 5 million shares at 10 dollars each within 12 months, that is another 50 million dollars. 

The Bitcoin mining company, Bitdeer, has already stated that it intends to use the proceeds to finance the expansion of its data center and the development of ASIC-based mining facilities, being the company headquartered in Singapore. 

The Japanese cryptocurrency exchange DMM Bitcoin recently announced that it will aim to raise 320 million dollars to compensate users after a significant hack. 

DMM Bitcoin therefore aims to compensate users for their loss by raising equivalent funds. Let’s see all the details below. 

The Japanese exchange DMM Bitcoin victim of a $320 million hack announces a compensation plan

As anticipated, DMM Bitcoin, a Japanese cryptocurrency exchange recently victim of a hack that led to the loss of 320 million dollars in Bitcoin, plans to raise 50 billion yen (320 million dollars) to compensate the users.

In a statement released on June 5, DMM Bitcoin explained that it will recover the stolen funds by procuring an equivalent amount of Bitcoin (BTC) from its group company, DMM.com.

The exchange assured users that it will seek to minimize the impact on the market with these purchases. The company also clarified that the investigation into the “unauthorized outflow” of 4,503 BTC on May 31 is still ongoing. 

DMM Bitcoin has deeply apologized for the situation and the inconvenience caused to customers, promising to continue investigations to determine the cause of the incident and to update the public on any new developments.

To finance the compensation, DMM Bitcoin borrowed five billion yen (32 million dollars) on June 3. 

Additional 48 billion yen (308 million dollars) will be raised on June 7 and another 2 billion yen (12.8 million dollars) through subordinated debt financing on June 10. 

This financial support, coming from DMM.com, will guarantee the necessary funds to secure the customers’ Bitcoin holdings.

The DMM Bitcoin incident, classified as the eighth largest hack in the history of criptovalute, is among the top ten largest cryptocurrency exchange hacks of all time.

The largest remains the hack of the Ronin Network in March 2022, which exploited the network’s validator nodes, leading to the theft of 620 million dollars. 

In response, Ronin has significantly updated its security measures, introduced a bug bounty of 1 million dollars, and doubled the number of validator nodes to prevent future attacks.

The $2 million hack in crypto from an OKX account: case of deepfake and vulnerability

Recently, a client of the cryptocurrency exchange OKX was also a victim of a theft of 2 million dollars in cryptocurrencies, according to WuBlock.

The scammers “acquired” the identity information of Lai Japanese Fang Chang through a data breach on Telegram. 

Exploiting this information, they accessed Chang’s OKX account and took control of it through the “password dimenticata” option.

Assuming the identity of Chang, the scammers modified all his security settings, including the email ID, phone number, and Google authenticator settings, even using a deepfake video of the victim.

Within 24 hours of the user’s report, their account suffered a loss of over 2 million dollars in various cryptocurrencies. 

OKX has acknowledged the theft of the account and is assisting the victim in recovering the account, in addition to having taken legal action against the aggressors.

This incident adds to other attacks suffered by OKX in the past, including a previous attack on an OKX wallet and an exploit on OKX Dex. 

Centralized cryptocurrency exchanges continue to be a common target for attackers, who now also use advanced tools such as deepfake videos, raising ethical concerns about the use of intelligenza artificiale in the sector.

BlackRock and Citadel Securities are ready to support the launch of the new national stock exchange in Texas, the Texas Stock Exchange (TXSE), which is favorable to listing crypto companies. 

BlackRock and Citadel support the new Texas Stock Exchange favorable to the crypto sector

BlackRock e Citadel Securities have stepped in to support the launch of a new national stock exchange, the Texas Stock Exchange (TXSE). 

JUST IN: BlackRock and Citadel plan to launch a new national stock exchange in Texas to compete with the New York Stock Exchange.

— Watcher.Guru (@WatcherGuru) June 5, 2024

“BlackRock and Citadel intend to launch a new national stock exchange in Texas to compete with the New York Stock Exchange.”

In practice, the company behind TXSE would have already obtained financing of about 120 million dollars, and it seems to have also won over the world’s largest asset manager, BlackRock, and the market maker of Citadel. 

Not only that, the Texas Stock Exchange seems to have the intention of filing the registration statements with the Securities and Exchange Commission (SEC) of the United States towards the end of 2024. 

The new TXSE will therefore be a new more competitive alternative compared to the two main US stock exchanges, the Nasdaq and the New York Stock Exchange (NYSE). 

From what has emerged, the competition could lead the new stock exchange to be more favorable to the crypto sector, listing ETFs and cryptocurrency companies that decide to do so. 

BlackRock and Citadel supporting the Texas Stock Exchange and the listing of crypto companies

At the moment, on X, there is a strong enthusiasm for the present news. Here are some examples of comments about it: 

Texas Stock Exchange?

BlackRock & Citadel backing group w/ plans to start new national stock exchange.

Would seek to list ETFs.

via @cdriebusch pic.twitter.com/APwtaUb2yr

— Nate Geraci (@NateGeraci) June 5, 2024

“Texas Stock Exchange? BlackRock and Citadel support a group that intends to start a new national exchange. They would try to list ETFs. via @cdriebusch”

JUST IN: BlackRock and Citadel plan to launch a new national stock exchange in Texas to compete with the New York Stock Exchange!

Here’s a Video of BlackRock CEO Explaining How Tokenization Is The Next Evolution In Finance…

“Every Stock, Every Bond” Will Be Tokenized… pic.twitter.com/VL6FhK2EnN

— Good Morning Crypto (@AbsGMCrypto) June 5, 2024

“BlackRock and Citadel intend to launch a new national stock exchange in Texas to compete with the New York Stock Exchange! Here is a video of the CEO of BlackRock explaining how tokenization is the next evolution of finance… “Every stock, every bond” will be tokenized. “

The company or group behind the TXSE would therefore welcome more crypto companies, compared to the other exchanges already present. 

So far, in fact, there are few cryptocurrency companies on Nasdaq, including the crypto-exchange Coinbase and the main Bitcoin mining companies, such as Riot Platforms and Marathon Digital.

The update on the request to issue a spot Ethereum ETF

The present news of BlackRock and Citadel behind the launch of the Texas Stock Exchange, comes after a week in which the largest global asset manager made its request to the SEC on Ethereum Spot ETFs.

In practice, BlackRock has submitted an update to the SEC on its request to issue a spot Ethereum ETF, after they had already been approved the previous week.

In this regard, the ETF expert, Eric Balchaunas, stated that one could consider the hypothesis that the landing of spot Ethereum ETFs on the US exchanges could happen at the end of June. 

The price of Binance’s crypto, Binance Coin (BNB) has recently reached $700, bringing the market value over $100 billion. Binance Coin (BNB) is therefore on the verge of a significant breakout, driven by the increase in market volatility. 

Let’s see all the details below. 

The price of Binance crypto (BNB) reaches new highs indicating a potential breakout

As anticipated, the price of BNB has risen by over 10%, reaching 710 dollars and bringing its market value to over 100 billion dollars. 

In recent days, the cryptocurrency market has shown signs of liveliness, with Binance Coin (BNB) leading the way. In the last 24 hours, BNB has seen an increase of over 10%, reaching 700 dollars.

This has once again pushed its market value beyond the threshold of 100 billion dollars, a level that had not been seen since early December 2021. 

After a bullish action in the first two months, the Binance token went through a consolidation phase, oscillating between $568 and $635. During this period, the altcoin showed significant price volatility, as evidenced by its chart.

Currently, the price of BNB is close to testing a critical resistance level, and the outcome of this test remains uncertain. 

The 50-day exponential moving average (EMA) has provided consistent support on the daily price chart, suggesting a positive outlook for the price of Binance Coin in the near future.

If the bull momentum continues, the Binance token should test the resistance level of $635. If the price manages to surpass this level, BNB could aim for its all-time high of $690.9.

However, if the market were to reverse the trend, the price of BNB could lose its bullish momentum and fall towards the crucial support level of $568 in the coming weeks.

Binance announces new trading pairs and the launch of the “Learn & Earn” program

Binance, one of the leading cryptocurrency exchanges, has announced the addition of new trading pairs to its platform. Starting from June 5, the exchange will open trading for the pairs HIGH/TRY, PEOPLE/FDUSD, and TNSR/USDC.

Along with the new trading pairs, Binance will also enable Trading Bots services for these pairs. 

These bots are designed to automate trading strategies, allowing users to execute operations based on pre-set rules, particularly useful in volatile markets.

This improvement aims to provide Binance users with more sophisticated tools to manage their trading activities. Binance offers zero maker fees on FDUSD trading pairs until further notice. 

Additionally, users will be able to benefit from discounted taker fees on all USDC spot and margin trading pairs, both existing and new. These promotions are part of Binance’s ongoing efforts to make trading more convenient for its users.

Binance has also announced the launch of the next round of its “Learn & Earn” program, which will take place from June 4, 2024, to June 18, 2024. 

During this period, KYC verified users will have the opportunity to earn rewards in cryptocurrencies by completing educational courses and quizzes. To participate, users must ensure that their Binance accounts are KYC verified. 

Once verified, they can read articles, watch videos, and complete quizzes to earn rewards until supplies last. 

Each course can be completed only once, and users can earn a maximum of one reward for each completed course.

Yesterday the CEO of Ripple Labs, Brad Garlinghouse, made positive predictions regarding spot XRP ETFs. 

Speaking at Fox Business Tuesday, he stated that he believes it is inevitable that a spot XRP ETF will eventually be approved in the USA, but he also said that it will be necessary to wait at least until 2025.

The ETF on XRP: the forecasts of the CEO of Ripple

Currently on the USA stock exchanges, only the spot Bitcoin ETFs are listed.

However, those on Ethereum have also already been approved, which should be listed between the end of June and the beginning of July.

At the current state, there is no news of other crypto spot ETFs in the process of approval, but if those on TH were to achieve good success, it seems inevitable that someone would decide to launch others on some altcoin.

To tell the truth, the cryptocurrency that seems to be in pole position to follow ETH on this path is SOL from Solana, but if the approval process for those on Bitcoin has already been troubled, it might not be a walk in the park to complete it for the altcoins.

The fact, however, that the SEC this time opted for a first-time approval of the spot Ethereum ETFs is a good sign for altcoins as well, in this sense.

Besides Solana, there are also other altcoins that could end up benefiting from this type of derivative products on traditional exchanges. 

Some, however, like BNB or TON, might have a few more problems due to the legal issues they had in the past with the US authorities from the companies behind them, namely Binance and Telegram.

Dogecoin and Shiba Inu seem unlikely to have a spot ETF on traditional exchanges, and as for Cardano’s ADA, the trading volumes are definitely too low to think that anyone would bother to create and manage an ETF. A similar argument applies to Avalanche’s AVAX. 

Remains XRP, which despite having daily trading volumes equal to about half of those of SOL, has at least the advantage of having been declared by a court a commodity in fact when traded on secondary markets, such as exchanges or stock exchanges. 

So after SOL, in fact, XRP could be the main suspect to have a spot ETF on the US exchanges. 

The statements of the CEO of Ripple

Obviously the CEO of Ripple, the company that created and launched XRP, is not at all an impartial source of news. Furthermore, in the past, he has already been the protagonist of statements that later turned out to be fallacious, such as when he lashed out against Bitcoin suggesting that the world’s main cryptocurrency could be surpassed by others.

Despite this, he is certainly very well informed about the state of things regarding XRP, so his statements on the matter cannot be ignored. 

Garlinghouse argues that, after Ethereum and Bitcoin, the three main altcoins for which spot ETFs could be issued on US exchanges are XRP, SOL, and ADA. 

If at this moment it actually seems a bit difficult for someone to want to take the trouble to create, launch, and manage an ETF on Cardano in the USA, as far as SOL and XRP are concerned, the possibility does seem to exist, as hypothesized by Garlinghouse.

According to the CEO of Ripple, among these three, the first could be XRP, although many other experts believe it could be SOL. However, it matters little which of the two arrives first, because if, for example, spot ETFs were to be launched on both SOL and XRP in the USA next year, the most important thing would be this, and not the possible precedence of one over the other. 

Moreover, Garlinghouse stated that he believes it is inevitable that sooner or later someone will decide to launch an ETF on XRP spot on the US exchanges, also because he believes it makes sense to add as many commodities as possible to the market to offer investors more options for trading. 

The crypto ETF in the rest of the world

This issue concerns only the USA, because in reality in other markets similar derivative products that are entirely and completely collateralized in criptovalute already exist even on altcoins. 

In Europe, for example, 21Shares is very active and has already issued as many as thirty crypto spot ETPs. 

Among other things, the first crypto spot ETP issued by 21Shares in Europe was on Bitcoin, in February five years ago, but just a few months later, in April, they issued the one on XRP. That same year they also issued those on ETH (Ethereum), BNB (Binance Coin), BCH (Bitcoin Cash), and XTZ (Tezos).

In this group of about thirty crypto spot ETPs, those on SOL (Solana), TON (Toncoin), ADA (Cardano), and AVAX (Avalanche) are also included. However, there are no ETPs on DOGE (Dogecoin) and SHIB (Shiba Inu), as these memecoins do not have a real crypto project behind them. 

There are, however, also some third or fourth tier altcoins, such as FTM (Fantom), ALGO (Algorand), MKR (Maker), and even some very recent ones like TIA (Celestia).

Furthermore, 21Shares is not the only company to have issued several spot crypto ETPs on European exchanges, so from this point of view, it is precisely the European market that is the richest. 

Probably the single stock exchange that hosts the most is the Swiss SIX in Zurich, but there are also several on the European Euronext exchanges and the British London Stock Exchange. 

The office of the Securities and Exchange Commission (SEC) in Salt Lake City, known for the failed fraud case against the crypto startup DEBT Box, is closing. The judge decided to dismiss the case while the SEC office recorded a “depletion” of staff. 

SEC: the office of the failed lawsuit against the crypto startup DEBT Box will close its doors

According to what reported, it seems that the Salt Lake City office of the Securities and Exchange Commission (SEC) is about to close its doors.

This office is known for the lawsuit filed against the crypto startup DEBT Box for fraud, which, however, subsequently requested the case to be dismissed. 

In fact, at the moment, it seems that the SEC office in Salt Lake City is experiencing a “staff depletion,” as many of the regulatory authority’s lawyers have been removed due to this case. 

In fact, two SEC lawyers, attorneys Michael Welsh and Joseph Watkins, resigned in April after a federal judge sanctioned them for committing a “serious abuse of power” in attempting to freeze the assets of the cryptocurrency company DEBT Box. 

After the closing, the SEC office in Denver will assume all enforcement jurisdiction. 

SEC vs. DEBT Box: the failed lawsuit against the crypto startup

It was January 2024, when the news had already leaked that the SEC was looking to dismiss the case against DEBT Box. The reason would be a series of revelations of inaccurate statements made by the agency’s own lawyers during the legal proceedings.

At that moment, the SEC, which would have filed the lawsuit against DEBT Box in July 2023, would have informed the judge of its intention to dismiss the case without prejudice. Only in this way, the regulatory authority could have refiled the case at a later time. 

Only last week, therefore, the judge wanted to issue a dismissal ruling, but ordered the SEC to pay DEBT Box 1.8 million dollars in legal fees. And so, the SEC of Salt Lake City will close its office. 

“The agency took into consideration its budget and organizational efficiency in deciding to close the office, and it has no intention of closing other regional offices”

The return of the SEC also against Ripple

Also in January 2024, the SEC had made headlines again for its return in attacking the crypto company Ripple. 

In fact, the regulatory authority had asked the New York judge to compel the company to provide its financial statements for the period 2022-2023. 

What the SEC has always targeted against Ripple is to uncover the institutional sale of XRP, seeking to remedy and resort to injunctions and civil penalties. 

In fact, in the July 2023 ruling, Judge Annalisa Torres had determined that XRP would be considered an unregistered security only if sold to institutional clients. 

Subsequently, in March 2024, the SEC requested the Court to impose a fine of 876 million dollars in disgorgement, 198 million dollars in prejudgment interest, and a civil penalty of 876 million dollars again against Ripple. 

Obviously Ripple Labs has opposed the SEC’s proposal to impose the sanction of almost 2 billion dollars on the crypto company. 

SPONSORED POST*

Artificial intelligence has made its way worldwide and has become integrated with everything in life, including the crypto AI sector. Applying blockchain technology has brought a new way of trading digital assets.

Crypto AI tools assist traders in executing trading signals and fashioning plans and strategies based on the data received.

With the growth of the crypto AI  industry, tools like RCO Finance (RCOF) and TradeSanta have been developed, but what makes them special? Let’s take a closer look at the top three most innovative crypto AI tools of 2024.

1. RCO Finance (RCOF)

RCO Finance (RCOF) is a decentralized finance (DeFi) AI-powered robo advisor trading platform that allows you to advance your trading skills. 

It is also integrated with machine learning algorithms that use AI capabilities to recognize markets, identify the appropriate trading shares, and execute trades for users.

With AI included in a trading platform, RCO Finance provides several primary benefits that distinguish it from conventional trading. These include accuracy, flexibility, self-executing trading, overall costs and speed of the algorithm.

RCO Finance’s trading system relies on advanced artificial intelligence algorithms to scan data and analyze patterns. This allows investors to make sound, prudent, and proper investment decisions without removing the emotional aspect through automation in trading.

Compared to other crypto AI tools identified above, RCO Finance empowers traders to choose and improve their strategies and risk tolerance, making it suitable for traders of all backgrounds.

On the DeFi platform, users can access over 12,500 assets worldwide. This opportunity, combined with the crypto AI robot advisor, will unlock massive gains for its users, and early investors will have an even greater chance at maximizing their rewards during the ongoing token pre-sale.

Furthermore, the concept of RCO Finance being a decentralized place reassures user data, trades, and funds are always secure. 

2. Kryll

Kryll is another crypto AI tool offering the best opportunities in algorithmic trading bot development, testing, and implementation. Whether you’re a beginner or a seasoned trader, Kryll’s easy-to-use drag-and-drop strategy editor, combined with a powerful backtesting engine, offers the ideal environment to define and refine your trading strategies.

Kryll’s key features include a drag-and-drop interface for creating complex trading strategies without coding, backtesting strategies against historical market data, real-time simulation of trades before risking real money, and seamless deployment of strategies on popular cryptocurrency exchanges.

Kryll is based on blocks, each representing a specific action, such as buying or selling assets, setting stop-loss orders, or executing trades based on specific market indicators. This makes it unique from other crypto AI tools.

3. TradeSanta

TradeSanta is a cloud-based software platform that automates cryptocurrency trading strategies. It is accessible to many users, from beginners to experienced traders. 

The platform connects to a user’s cryptocurrency exchange account through API keys, allowing bots to execute trades based on predetermined strategies. 

As one of the advanced crypto AI tools, it supports several major exchanges and offers a variety of trading strategies, including long and short positions, to help users take advantage of market movements.

TradeSanta’s key features include automated trading bots that can be customized to follow various trading strategies, multiple exchange support, long and short strategies, technical indicators, and a user-friendly interface. 

The platform’s bots can respond to real-time market changes, making decisions based on technical indicators and pre-set parameters.

Pick RCO Finance for Advanced Crypto Trading

It is crucial to understand that RCO Finance is highly different from all the other crypto AI tools available on the market because it offers DeFi traders access to stocks, bonds, derivatives, and a linked debit card that ensures instant fiat conversions without country restrictions.

The platform community actively responded to the first presale of the RCOF token, exceeding 11 million tokens sold at $0.0127. 

The second presale is established at $0.0343, and the token is expected to rise to $0.4 – $0.6, which may be attractive to early investors.

RCOF holders are equity stakeholders in the platform, and they stand to gain from its success. This includes a chance to win over $100,000, as well as exercising decision-making power on the platform’s future development.

This is your opportunity to revolutionize your crypto trading services and be part of the RCO Finance family now! A $50 investment can now be worth over $1,000 during the second stage of the pre-sale and much more once the token launches on major crypto exchanges. 

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

*This article was paid for. Cryptonomist did not write the article or test the platform.

This article was paid for*

2024 has been a remarkable year for the crypto community with two of the largest cryptocurrencies, Bitcoin and Ethereum securing spot ETF approvals from the United States Securities and Exchange Commission (SEC). 

These two intriguing developments have ultimately pushed the crypto world into the mainstream, with tens of thousands of investors coming in every day. 

However, to savor significant ROI, it is imperative that investors gain exposure to cryptocurrencies while they are still in their early stages. Therefore, in this article, we will equip readers with new cryptos that could be the next 100x success story. 

7 New Crypto To Watch Out For In June 2024 – Quick List

Are you on the lookout for new cryptos with numerous upsides? Here are some of the tokens to consider:

Base Dawgz (DAWGZ) – New meme coin project with a multichain concept

Sealana (SEAL) – Solana-based meme coin with good upsides 

WienerAI (WAI) – AI-powered token with meme coin fundamentals  

Mega Dice (DICE) – Outstanding GameFi crypto to watch out for in June 

PlayDoge (PLAY) – Latest meme coin with a P2E model

99Bitcoin (99BTC) – L2E crypto with huge potential to explode

eTukTuk (TUK) – Eco-friendly crypto with real-word use cases 

New Cryptocurrencies To Watch Out For In June 2024 – Full Review

While most cryptocurrencies may be tempting to invest in, it is essential you read more about them before making any investment decision. 

We’ve compiled detailed information about every token that made it to our list, highlighting reasons why investors should be on the watchout for them in June.

Base Dawgz (DAWGZ) – New Meme Coin Project with a Multichain Concept

Base Dawgz stands out as one of the latest meme coin projects to have come out this year. Recently launched as a presale, Base Dawgz’s major appeal lies in its multichain approach, doge root, and community engagement strategies.

While Base Dawgz is built on the Base network, token holders can explore the token on other chains without losing full control, thanks to its embracement of Wormhole and Portal Bridge technologies. This standout attribute helps unite the meme coin community and opens the project to a wider audience.

Another major selling point of Base Dawgz is its meme-inspired aesthetics. Drawing inspiration from Shiba Inu, Base Dawgz is aiming to capitalize on the popular doge trend to hit the ground running. 

Since the beginning of the year, doge-based tokens have outperformed even high-cap cryptos in the market. Base Dawgz is expected to build on this momentum when it launches on exchanges. 

At press time, the presale is ongoing and has already attracted a host of investors. Those investing in the crypto through Ethereum can also stake their tokens to earn more rewards. 

Follow Base Dawgz on X and visit basedawgz.com or basedawgz.io to get in on the ground floor. 

Buy Base Dawgz Sealana (SEAL) – Solana-Based Meme Coin With Good Upsides

Sealana is another top option to consider in June as it poses a huge potential for a noticeable short-term increase and comes at a very cheap price. Available to degens in its ongoing presale, you can get your hand on the token with just $0.022, and with just 1 SOL you can buy up to 7,440 SEAL tokens.

Sealana is an ideal option for short-term gains as it embraces a meme-centric posture without any serious emphasis on utility. Instead, the project focuses on its community as it intends to gather a vast number of meme coin enthusiasts to keep the conversation around the token alive. 

Prominent YouTube channel with more than 706k followers, 99Bitcoins tipped SEAL to enjoy a significant price increase in the near future. This comment has further strengthened the assertion that the token is the one to watch out for this year. 

To participate in its ongoing presale, investors can either use the widget provided on the website or send SOL to a designated address. The widget supports bank cards and major cryptos like BNB, ETH, USDT, and USDC. 

Follow Sealana on X to stay updated about its future listings.

Buy Sealana WienerAI (WAI) – AI-Powered Token With Meme Coin Fundamentals

While entering the market as a meme coin that combines artificial intelligence, canine, sausage, and humor, WienerAI has swiftly transitioned into something more intentional. The project recently launched its AI-powered trading bot that supports investors to make the best out of every market situation. 

More so, the bot with its AI infrastructure provides users with real-time data and information, allowing them to make informed decisions in a volatile market. That said, the trading bot underlines the commitment of WienerAI to establishing a formidable relationship between AI and humans, making them companions and partners in progress. 

For those uninformed, $WAI is an ERC-20 token which makes it compatible with numerous wallets and decentralized exchanges, hence, opening a world of numerous possibilities for investors. 

Crypto Gains, a prominent YouTuber once highlighted how the AI-powered trading bot will boost the performance of $WAI in a highly competitive market. 

Without a doubt, WienerAI has what it takes to flourish making it one of the top cryptocurrencies to watch out for in June. Presently in its presale, $WAI only costs less than a fraction of a cent and it has a huge potential to surge significantly. 

Follow WienerAI on X to stay updated about its future listings.

Buy WienerAI Mega Dice (DICE) – Outstanding GameFi Crypto To Watch Out For In June

Mega Dice took the GameFi sector by storm with its explosive entry into the industry in 2023. The platform has swiftly established itself as one of the best mobile casinos and sports betting sites, offering thrilling gambling experiences and high-winning opportunities. 

Also, the platform has earned a good reputation as the world’s first licensed Telegram casino. That said, with its introduction of DICE,  the platform is making another grand threshold into the blockchain arena, offering investors the opportunity to become a partial owner of the casino. 

Mega Dice is offering its native token $DICE as a presale at a giveaway price of $0.075, providing investors the opportunity to benefit from the remarkable growth it has recorded in recent years. With that, holders of $DICE will receive a portion of the mobile casino’s profit, allowing them to maximize their gains on the token. 

According to TodayTrader, Mega Dice’s status as a leader in the casino world will provide an enablement for DICE to thrive in the market.

Mega Dice has plans to introduce NFTs, a referral program, and other rewarding features. Considering its vast opportunities, $DICE is one of the best cryptocurrencies to watch out for in June. 

Follow Mega Dice on X to stay updated about its future listings.

Buy Mega Dice PlayDoge (PLAY) – Latest Meme Coin With A P2E Model

$PLAY is another new cryptocurrency to watch out for in June 2024 as it is already giving assurances of soaring massively. The token is set to launch at the end of its presale, however, it has already raised eyebrows with its fascinating Play-to-Earn concept, meme lore and interesting game play. 

The project draws inspiration from the viral virtual pet game, Tamagotchi that was designed in Japan by Akihiro Yokoi of WiZ and Aki Maita of Bandai. More so, following the introduction of the Tamagotchi handheld digital pets in 1996, more than 82 million units of the game were sold, underlining a global admiration for digital companionship.

However, PlayDoge is aiming to fine-tune the game concept by leveraging 21st-century technology that comes with high-definition graphics, touchscreen controls, direct pet interaction, and blockchain integration. By that, players will be saddled with the responsibility of nurturing their Doge and ensuring its well-being in return for $PLAY rewards. 

Despite launching barely a few days ago, PlayDoge’s exciting attributes have already captured the imagination of Jacob Bury, a seasoned YouTuber with vast experience in crypto trading. 

Also, $PLAY has a staking mechanism that allows investors to earn massive APY if they buy and stake the token in its ongoing presale. The token comes cheaply for as low as $0.00451, positing savvy investors for massive gain by the time it launches.

Follow PlayDoge on X to stay updated about its future listings.

Buy PlayDoge 99Bitcoins (99BTC) – L2E Crypto With Huge Potential To Explode

99BTC is another cryptocurrency to watch out for in June as it has already shown early signs of exploding and providing early adopters the opportunity to net huge gains while also benefiting from its distinctive offering. The token has a staking feature that allows early investors to earn huge APY and net massive income on the investment.

Don’t forget that 99Bitcoins is a crypto-centric educational platform that provides materials, courses, and videos about cryptocurrency and blockchain technology at large. Serving the crypto landscape since 2013, 99Bitcoins has gathered a massive community with more than 2 million users, and more than 700k subscribers of its YouTube channel.

As part of its future plan, 99Bitcoins intends to introduce trading signals, a news feed, token price charts among many others. The platform in a bid to encourage people to learn more about cryptocurrency has launched a Learn-to-Earn model token, 99BTC.

While discussing its relevance, famous crypto analyst 

Michael Wrubel says the crypto will serve as a means of rewarding subscribers for completing crypto courses, tests, and tasks.

So far, 99Bitcoins (99BTC) has raised more than $1.6 million in its ongoing multi-stage presale, underscoring investors’ growing appetite for the L2E token. 

Follow 99Bitcoins on X to stay updated about its future listings.

Buy 99Bitcoins eTukTuk – Eco-Friendly Crypto With Real World Use Cases

eTukTuk is another crypto project that has attained a great height in the market as a result of its commitment to reducing emissions and advocating for a greener climate. To achieve this focus, the project intends to leverage regional partners and provide people of all classes with electric vehicles. 

The second aspect of the project deals with providing solar-powered stations across the urban and suburban regions of the world, ensuring that owners of those electric vehicles can charge them with ease.  

eTukTuk has also taken a dive into the P2E ecosystem by launching its action-packed Crazy Tuk Tuk game on App Store and Play Store. With the game, players will be able to embark on an exhilarating adventure through the busy streets of Sri Lanka, picking up and dropping off passengers from different locations. 

Being the native token of the ecosystem, $TUK will be adopted as a means of payment for recharging the electric vehicles at the various charging stations and rewarding Crazy Tuk Tuk players for completing simple driving and parking tasks. 

EXCITING ANNOUNCEMENT

We are thrilled to announce that our awaited game, Crazy Tuk Tuk taxi is now also available on the App store

Complete quests, earn rewards and compete in thrilling races

Download now:https://t.co/E2rb7J8r2e pic.twitter.com/XXgV8Wgz0Y

— eTukTuk (@eTukTukio) April 21, 2024

$TUK is presently available for a cheap price of $0.032, thanks to its ongoing presale. Investors looking to join the eTukTuk movement should visit the website of the project to participate in the presale now. 

Follow eTukTuk on X to stay updated about its future listings.

Buy eTukTuk Conclusion

The cryptocurrency market is so vast that new tokens pop up almost every day, leaving investors with the dilemma of picking the project that can offer them swift gain. To help you make informed investment decisions, we have listed some of the best cryptocurrencies to watch out for in June 2024. 

While compiling the review, we carefully analyzed their potential and consulted credible sources to fact-check their prospects – although remember new cryptocurrencies are high risk, as well as high reward investments.

*Cryptonomist did not write the article or test the platform.

Abu Dhabi, UAE, June 4th, 2024, Chainwire

Solnarize is thrilled to announce that the presale of it’s $SRIZE tokens will commence on Friday, June 7th, 2024. This presale provides early participants the chance to engage with a project that combines innovative meme culture with the mission of promoting clean energy before listing on Raydium 48 hours after presale.

Solnarize aims to innovate within the meme space by merging the viral appeal of meme culture with the vital mission of promoting clean energy. The team’s approach integrates the $SRIZE token, which plays a pivotal role in Solnarize’s ecosystem and the forthcoming Play-to-Earn (P2E) game, Solar Defender.

A Unique Blend of Meme Culture and Sustainability

Solnarize is a project designed to create a vibrant community that values both potential financial growth and environmental impact. The $SRIZE token serves as the cornerstone of Solnarize’s ecosystem, driving transactions and rewards within their P2E game, Solar Defender.

Solar Defender: The Heart of Solnarize

Solar Defender is an engaging and educational game where players protect a solar-powered city from environmental threats. Players earn $SRIZE tokens as they navigate through various challenges, placing and upgrading solar panels to maintain the city’s energy supply. This game is not only entertaining but also raises awareness about renewable energy and the importance of sustainability.

Andzo, the developers team lead at Solnarize, explains, “Solar Defender is designed to offer an immersive experience that combines fun with education. By integrating clean energy concepts into gameplay, we aim to inspire a new generation of environmentally conscious gamers and crypto enthusiasts.”

Utility and Potential of $SRIZE Token

The $SRIZE token facilitates transactions within the Solar Defender game and is part of Solnarize’s commitment to sustainability and community-driven innovation. As the utility token at the heart of the Solnarize ecosystem, $SRIZE facilitates all in-game purchases, potential rewards, and upgrades, making it an integral part of the project’s success.

Recently, Solnarize secured $350,000 in seed funding led by Sunivations Ventures, with additional contributions from angel investors dedicated to clean energy and sustainability. 

About Solnarize

Solnarize is a meme project on the Solana blockchain, merging meme culture with sustainable energy initiatives. Their mission is to create a vibrant, engaged community that drives both technological innovation and environmental stewardship.

Contact:

Website: https://solnarize.com

X: https://x.com/SolnarizeSrize

Telegram: https://t.me/solnarize

Medium: https://medium.com/@solnarize

Contact

Andzo Xemberzi
Solnarize
enquiries@solnarize.com

Recently, the CEO of VanEck predicted that Bitcoin will come to represent half of the market capitalization of gold. Not surprisingly, Jan van Eck has recently discussed the digital asset and the timing for what could be a monumental rise.

Let’s see all the details below. 

VanEck: an analysis of Bitcoin’s potential in the context of gold

As anticipated, the CEO of VanEck has projected that Bitcoin, the important cryptocurrency, could soon represent at least half of the market capitalization of gold.

Jan van Eck, in a recent discussion with Scott Melker, highlighted the possibility of a significant increase in the digital asset.

In an interview, VanEck stated that Bitcoin could reach a market capitalization exceeding 7 trillion dollars, equivalent to half the value of gold. Thus marking a significant change in the global financial landscape.

During the course of 2024, Bitcoin was at the center of attention in the financial sector, with the approval by the United States Securities and Exchange Commission (SEC) of spot ETFs on Bitcoin in January. 

Which has expanded access to the digital asset for institutional investors.

VanEck has played a key role in this dynamic, with its CEO expressing the prediction that Bitcoin could represent half of the market capitalization of gold. 

Van Eck highlighted that this could still take another five or ten years, as many traditional clients in the financial sector are still reluctant to address the topic of Bitcoin.

Furthermore, Van Eck acknowledged that there is still a long way to go for the potential increase in Bitcoin’s market capitalization, considering that it currently stands at only 1.3 trillion dollars. 

Tuttavia, la previsione di VanEck indica una optimistic outlook per Bitcoin nel prossimo decennio, con profondi impatti sul mercato nel suo complesso. 

Bitcoin (BTC) slows down: a phase of reaccumulation in progress

Bitcoin (BTC) has slowed its pace after the halving, disappointing predictions of rapid growth. Instead, it has entered a reaccumulation phase, with investors evaluating opportunities during periods of decline or stability of the token.

In the last quarter, BTC has remained confined in a narrow range, moving from $61,000-$64,000 to the current $67,000-$70,000. However, this could indicate a certain degree of stability in a context of volatility.

The forecasts indicate that BTC could reach $84,000 and then $100,000 by the end of the year, despite the recent test at $71,500 in May. Currently traded at around $68,974.52, Bitcoin could soon surpass its all-time high.

The trends around the ETF Spot Bitcoin have attracted both institutional and retail investors, although a small window of interest towards altcoins has temporarily influenced BTC.

Although the sentiment is generally bull, some investors might be frustrated or looking for greater diversification opportunities. 

However, according to Rekt Capital, Bitcoin has been in a reaccumulation phase for 49 days, a period that could precede further growth after the halving.

The community reacts to the current trends, with speculations about the $73,000 target gaining momentum while discussing the role of meme coins in the crypto landscape.

This article was paid for*

Meme coin Popcat is back to its bullish ways and gearing up to hit a new all-time high. 

According to the data from CoinGecko, the POPCAT price has surged to trade at $0.505, up 13% over the past 24 hours. The meme coin’s market capitalization is hovering just under the $500 million mark. 

This third-largest cat-themed meme coin is also seeing impressive daily volume, which currently stands at $48 million. 

With large-cap cryptocurrencies displaying consolidatory price action, investors are eyeing mid-caps such as Popcat for profitable returns. 

New low-cap Solana meme coins are also in significant demand. For instance, Sealana has raised over $3 million in its presale and is being viewed as the next 100x meme coin by experts. 

Is a New All-Time High Imminent for Popcat?

Popcat’s current all-time high stands at $0.71, which it had reached last month on May 4th. 

Experts believe that the meme coin could push towards new highs over the coming days. 

In a recent X post, crypto analyst RookieXBT claims that a big month is ahead for Popcat. He reveals that $0.55 is the key resistance for the token that is standing between it and a new all-time high. 

last $POPCAT shill until a new ATH

big month ahead

break $0.55 = up only$WIF went from $0.45 to ~$5 in ~35 days when it got going a few months ago

i'm not saying the poppin cat will do the same but I'm not not saying that either

if the #3 dog can do it, why not the #1 cat? pic.twitter.com/dQt4zGAOxw

— RookieXBT (@RookieXBT) June 4, 2024

RookieXBT further claims that Popcat could display a similar explosive price action to Dogwifhat post-breakout. Indeed, Wif rallied from $0.45 to $5 in just 35 days. 

He is not the only one drawing comparisons between the two meme coins. Experts continue to highlight that the Popcat price chart looks “extremely bullish” and the token could see a significant repricing in the coming days. 

I am guessing $wif and $popcat both violently reprice together when nobody is expecting it

then all other T1 memes like $sc benefit from the upswing

The $popcat chart in particular is just ludicrously bullish

— Autism Supercycle (@autismSC) June 4, 2024

The bulls would hope for additional support from Solana. Indeed, Solana meme coins receive a major boost from SOL’s bullish strength, often acting as a leveraged bet on the native token. 

Solana looks poised for its next upside move. SOL has shown enough bullish strength to successfully retest the $160 support and is now bouncing back up as a result.

The SOL/ETH trading pair is also showing strength and could result in Solana rallying, at least until the spot Ethereum ETFs start to trade. 

Is Sealana The Next To Explode?

Popcat is not the only Solana meme coin that experts are bullish on. Sealana ($SEAL) has already gained favourable footing amongst smart-money traders during its ongoing presale, many of whom believe it to be the next 100x meme coin.

The Sealana presale has already raised over $3 million in the first few weeks, a sign of its high upside potential. 

Similar to Dogwifhat, $SEAL has attracted the attention of meme coin investors through its mascot. Notably, crypto whales believe that meme coins that can make investors laugh will likely deliver outsized returns. It is worth remembering that several hedge funds invested in Wif because “the dog had a hat”.

Therefore, one look at the Sealana X account is enough to understand the strong demand for the new meme coin. In one post, its mascot – a chubby and patriotic seal – is throwing a raging frat party. In another, he is helping Donald Trump build his wall. 

Aside from its crowd-favourite mascot, Sealana’s simplified presale model is another plus for the meme coin. Interested buyers simply need to send $SOL tokens from their wallets and receive $SEAL as an airdrop after the conclusion of the presale. 

The Sealana wallet address is 3LeVizuW3YoCnjfMfuQ22rSFQLDLdo9jXLKjyqfBU3w5. 

Visit Sealana Presale

*Cryptonomist did not write the article or test the platform.

Crypto news: Polygon Labs acquires Toposware, bringing its total investment in ZK technology to 1 billion dollars. 

The company has stated that this acquisition raises Polygon’s cumulative investment in zero-knowledge technology to over 1 billion dollars. The Toposware team is responsible for Polygon’s Type 1 Prover technology.

Furthermore, Avail, a spinoff of Polygon specialized in data availability, has raised 43 million dollars in series A funding. This news follows by three months the announcement of Avail’s 27 million dollar seed funding round.

Let’s see all the details below. 

Crypto news: the team of Toposware behind the innovative Type 1 Prover technology of Polygon

As anticipated, Polygon Labs has acquired Toposware, a company specialized in blockchain research and engineering, marking its third investment in zero-knowledge (ZK) startups in the last three years.

Toposware has collaborated with Polygon Labs to develop its Type 1 Prover, which allows blockchain compatible with Ethereum to implement zero-knowledge proofs without requiring significant modifications.

With this acquisition, eleven engineers from Toposware will join the existing ZK development teams at Polygon. Polygon has stated that this agreement brings its total investment in ZK technology to over 1 billion dollars. 

In 2021, Polygon had acquired two other companies focused on the scalability and privacy of Ethereum, Mir and Hermez, for a total of 650 million dollars through multiple transactions.

Technology ZK allows one party to prove to another that a statement is true without revealing additional information. In the blockchain field, this improves privacy by allowing the validation of transactions without revealing their details.

A spokesperson for Polygon stated the following regarding this: 

“We are constantly looking for potential acquisitions to strengthen our research and development efforts in the field of ZK. At the moment there are no other operations under consideration. ZK technology is pushing our efforts on multiple fronts.”

Forecast on ZK-Proof by 2030 as the controversy over the ‘ZK’ trademark rages

Furthermore, it is expected that only Web3 services will require about 90 billion ZK-proof by 2030, equivalent to 83,000 transactions per second. Several cryptocurrency companies, including StarkWare and Matter Labs, are working on this technology.

Recently, a controversia has emerged regarding the trademark on ZK technology, as Matter Labs, the company behind the layer-2 solution zkSync, has attempted to obtain intellectual property rights for the term “ZK”.

Matter Labs withdrew the request shortly after, following protests from researchers and the crypto community. For Polygon, the action was intended to “appropriate” a common good:

“This is a serious problem. They are essentially trying to steal people’s hard work. We believe that ZK is a common good […] We will explore legal action, if necessary. We are pleased that they have decided to abandon the ‘ZK’ trademark; however, they are still trying to register other trademarks related to ZK, which we consider highly problematic.”

Avail, the blockchain of the future: $43 million for its global growth

Avail, a renowned blockchain platform known for its data availability network, has announced that it has secured $43 million in a Series A funding round. 

This round was led by prominent investors such as Founders Fund, Dragonfly, and Cyber Fund. The news comes three months after Avail announced that it had raised 27 million dollars in initial funding. 

The platform, created by Polygon in March 2023, has as its main objective the creation of data availability networks, which help blockchains to store information in an economical and accessible way.

This type of technology proves particularly useful in the context of blockchain scalability, as it helps level 2 “rollup” networks manage transaction data and other information.

All this without overloading the main level of the blockchain, thus reducing costs for end users.

The funds raised will be directed towards the construction of the Unification Layer di Avail, an advanced modular technology stack that combines data availability, aggregation, and shared security. 

Allowing modular blockchains to scale and interact without permissions and securely. The Avail team stated that a portion of the funds will also be allocated to the development of the “Fusion Security” layer, expected to go live at the beginning of 2025. 

Which will bring criptovalute like Ether (ETH) and Bitcoin (BTC) to contribute to the security of the Avail ecosystem. The co-founder of Avail, Anurag Arjun, has expressed his satisfaction with the new capital raised.

In particular, emphasizing the willingness to accelerate the development of the platform, expand the global presence, and address the critical challenges of Web3, such as blockchain fragmentation, insufficient data availability, and limited scalability.

The Thai company One Asset Management has recently obtained authorization to launch the first crypto ETF in Thailand. A significant step forward for the country, what changes will it bring? All the details in the article. 

A step forward for the financial market of Thailand: crypto ETFs approved 

As anticipated, the financial landscape of Thailand is making a significant leap forward with One Asset Management (ONEAM) becoming the first company to launch an exchange-traded fund (ETF) in the country, offering exposure to cryptocurrencies.

The Thai Securities and Exchange Commission (SEC) has approved ONEAM’s Bitcoin ETF, marking a milestone in the evolving regulatory framework for digital assets in the country.

The fund just approved, named One Bitcoin ETF Fund of Funds, will be aimed exclusively at institutional investors and individuals with a high net worth, according to the regulatory documents.

Retail investors will not be able to participate in this offer, which will be distributed between May 31, 2024, and June 6, 2024.

This development concludes the regulatory changes made by the SEC in April, which opened the doors to Bitcoin ETFs subject to restrictions aimed at institutional investors.

The move aligns Thailand with other jurisdictions that have already embraced Bitcoin ETFs, such as Stati Uniti, Hong Kong, Australia e Regno Unito. 

Liquidity, security, and convenience of Bitcoin ETFs

The Bitcoin ETF by ONEAM will invest in eleven major global Bitcoin funds, ensuring sufficient liquidity and security for investors.

Facilitating exposure to Bitcoin within a regulated framework, the ETF addresses concerns such as theft that can arise when people hold Bitcoin directly.

This approach offers a safer and more convenient option for institutional investors who wish to enter the bull and bear cryptocurrency market.

While ONEAM has obtained regulatory approval, another Thai company, MFC Asset Management, is still awaiting authorization for its own Bitcoin ETF product.

Both offerings will be private placements available exclusively to qualified investors. Thus emphasizing the cautious approach adopted by the regulatory authorities in introducing these innovative investment vehicles.

The approval of a Bitcoin ETF in Thailand reflects the growing demand from local institutions to include Bitcoin in their investment portfolios.

Furthermore, it lays the foundation for a wider mainstream adoption once public offerings become available, encouraging a greater number of investors to explore the potential of cryptocurrencies.

The increase in inflows into spot Bitcoin ETFs 

In the meantime, in the United States, spot Bitcoin ETFs have recorded net inflows for 15 days in a row, attracting 105 million dollars on the last trading day.

These continuous inflows come at a time when Bitcoin briefly surpassed the $70,000 threshold on Monday, marking the first time in a week that it reached such levels.

However, the price subsequently retraced towards its usual trading range, continuing to move sideways. Analysts at Bitfinex suggest that this correction phase might be nearing its conclusion.

The sales of Bitcoin holdings by long-term holders have been a significant factor in the correction from all-time highs.

However, blockchain data shows that these investors have started accumulating Bitcoin again for the first time since December 2023. Additionally, in the past month, the number of new accumulation addresses has increased for both Bitcoin and Ethereum.

This trend indicates a growing bullish sentiment among investors, despite the stability of prices observed recently. The analysis of Bitfinex, supported by data from CryptoQuant, confirms these observations.

SPONSORED POST*

In the visually-driven world of Instagram, the number of views can significantly influence brand visibility and success. For brands aiming to expand their reach quickly, the decision to buy Instagram views can be an effective strategy.

This article explores the best seven websites that not only help in buying Instagram views but also offer services to buy Instagram followers and likes, which are crucial for comprehensive social media growth.

Evaluating the Best Websites to Buy Instagram Views

When choosing a service to buy Instagram views, the criteria extend beyond mere numbers. Authenticity, reliability, customer support, and pricing are essential factors. A website that scores well in these areas ensures that the views come from real profiles, which can also positively impact engagement rates and brand credibility.

InsFollowPro: A Deep Dive

Service Overview

InsFollowPro is renowned for its robust services tailored to enhance social media profiles. 

This platform offers a strategic approach to buy Instagram views, ensuring that each view counts towards higher engagement.

Why Choose InsFollowPro?

Choosing InsFollowPro to buy Instagram views is beneficial for its reliability and focus on quality. Brands can expect not only an increase in views but also an improvement in their overall social media presence, including options to buy Instagram likes and followers.

Statigr.am: Unlocking Potential

Core Offerings

Statigr.am provides an extensive range of services aimed at boosting Instagram metrics. The platform specializes in helping brands buy Instagram views that are genuine and likely to convert into longer-term followers.

Benefits for Brands

For brands, the primary advantage of using Statigr.am lies in its ability to streamline the growth process. The platform’s services are designed to enhance visibility and foster an environment where organic interactions are more likely.

ViewBoost360: Enhancing Visibility

What ViewBoost360 Offers

ViewBoost360 stands out with its tailored services that cater specifically to brands looking to increase their digital footprint on Instagram through enhanced views.

Unique Selling Proposition

The USP of ViewBoost360 is its guarantee of rapid delivery and high retention rates. Brands looking to buy Instagram views find that ViewBoost360 offers competitive packages that include robust support and real views.

SocialViewX: Strategic Growth

Services Breakdown

SocialViewX offers a comprehensive suite of services that go beyond just views. It provides an integrated approach where brands can also buy Instagram followers and likes, facilitating a holistic growth strategy.

Choosing SocialViewX

Opting for SocialViewX is ideal for brands that prioritize strategic growth. The platform’s ability to deliver tailored solutions means that every view has the potential to contribute significantly to the brand’s objectives.

InstaViewShop: Quick and Reliable

Overview of Services

InstaViewShop prides itself on its straightforward and efficient service offerings. Brands can buy Instagram views with the assurance of quick turnaround times and high-quality engagements.

Brand Benefits

The main benefit for brands using InstaViewShop is its reliability. The quick services ensure that campaign timings are met, which is crucial for time-sensitive promotions.

RapidViewz: Fast Track Your Growth

Service Spectrum

RapidViewz offers an aggressive approach to increasing Instagram views. Their services are designed for brands that need quick results to make an immediate impact.

Why RapidViewz?

Choosing RapidViewz allows brands to buy Instagram views that are not only fast but also effective in boosting overall engagement metrics. This can be particularly beneficial during product launches or promotional events.

ViewMasters: Customized Solutions

Offerings and Features

ViewMasters excels in providing customized solutions that cater to the unique needs of each brand. Their services help brands buy Instagram views that are tailored to their specific audience.

Reasons to Opt for ViewMasters

The customization ability of ViewMasters makes it a preferred choice for brands that require a more nuanced approach to social media growth. Their focus on tailored solutions ensures that every dollar spent maximizes the potential return.

Conclusion

Choosing to buy Instagram views can significantly expedite brand growth on social media. By selecting a reliable provider, brands can ensure that their investment translates into real, quantifiable gains. It’s not just about the numbers; it’s about creating a vibrant, engaging, and sustainable online presence. Each of the services mentioned offers unique advantages that can cater to various brand needs. Whether it’s rapid growth, quality engagement, or strategic brand enhancement, these platforms provide the tools necessary to transform your brand’s digital strategy.

The journey to social media prominence is multifaceted. While buying Instagram views can provide a significant boost, integrating this strategy with organic growth efforts like engaging content, regular interactions, and understanding audience preferences remains essential. For brands looking to not just grow but thrive on Instagram, a balanced approach that includes buying views, likes, and followers, coupled with genuine engagement tactics, is the key to long-term success.

*This article was paid for. Cryptonomist did not write the article or test the platform.

Lyon, France, June 4th, 2024, Chainwire

iExec’s latest dev tool empowers Web3 developers to build apps that enhance user control over their digital assets and maximize monetization potential.

 iExec, the company with the platform to build, own, and monetize in Web3, has announced the release of an upgrade to their DataProtector dev tool, dubbed the ‘Monetize Version’. This latest innovation introduces an upgrade that offers new methods for Web3 developers, DApp users, and content creators to manage and monetize their digital assets.

Since its inception in 2016, iExec has been a pioneer in offering solutions that prioritize data protection and ownership. The updated DataProtector ‘Monetize Version’ reaffirms iExec’s dedication to innovation, delivering powerful tools that give developers the means to return control over digital assets to their users. The enhanced tool enables decentralized application (DApp) users to maximize the monetization potential of their data, content, and other digital assets.

Simplifying the Development of DApps with Enhanced User Ownership and Monetization Control 

Building on the original iExec DataProtector developer tool, this new version introduces the DataProtectorSharing module. This expands the toolkit with new SDKs offering a range of monetization strategies that simplify the sharing, distribution, and earning from digital assets. Transactions are secured by Confidential Computing hardware encryption and orchestrated via iExec’s specialized DataProtectorSharing smart contract. Monetization is streamlined through the use of RLC, iExec’s native cryptocurrency, ensuring secure and transparent transactions on the network.

The DataProtector ‘Monetize Version’ Puts DApp Users in Control of Their Data 

Ownership: Users can encrypt their data with ownership registered on the blockchain, ensuring they maintain control.

Sharing: Users can grant access to authorized apps and share data securely without exposure.

Monetization: Users have options to rent, sell, or bundle their digital assets in subscriptions, allowing flexibility in how they monetize.

This upgrade introduces advanced monetization options designed to enhance the value of digital assets while maintaining control and security. Users have the flexibility to engage in secure sharing of their digital assets with authorized parties without compromising ownership. Moreover, assets can be rented out for specified durations, allowing data or content owners to earn while maintaining ownership rights. Secure selling options enable users to transfer ownership of data or digital assets to interested buyers, who then assume full control over their use at the blockchain level. Subscription bundle aims for a potential income by granting access to curated data collections for a predetermined fee. These versatile monetization options aims for Web3 users to extract maximum value from their data, or any other digital assets, while ensuring continued control and security.

““The DataProtector developer tool aligns perfectly with our mission to empower Web3 users to optimally monetize what they own. Developers can create truly unique Web3 apps that prioritize user ownership, privacy, and monetization. It revolutionizes the Web3 experience, and sets a new standard in the decentralized economy.”  – Gilles Fedak, iExec CEO

What distinguishes this upgrade is its streamlined approach to sharing protected data and earning RLC. Distribution channels are set up in advance, allowing users to initiate smart contracts independently, removing the need to manage each transaction personally. This process leverages a combination of blockchain and Confidential Computing, utilizing Intel SGX Trusted Execution Environments (TEE) to ensure data remains end-to-end encrypted and secure, even during processing.

Impact on the Web3 community

The new ‘Monetize Version’ of DataProtector dev tools significantly enriches the Web3 community by boosting greater interaction and collaboration. This innovation supports a more dynamic and interactive ecosystem, where users can confidently manage, share, and monetize their digital assets. By promoting a culture of collaboration and innovation, this tool contributes to the collective growth and dynamism of the Web3 landscape.

About iExec

iExec is for Web3 builders who believe that users should have full control over the ownership of their data. By creating cutting-edge decentralized developer tools, iExec empowers developers to build Web3 applications that prioritize data ownership, privacy, and monetization.

With transparent access to TEE infrastructure (such as Intel SGX) and advanced Confidential Computing, iExec ensures that data remains secure during processing, even from the operators of the nodes themselves. This secure framework provides users with full control over their data, dictating who can access it and for what purpose. iExec also facilitates data ownership through NFTs, enabling users to monetize their digital assets via selling, renting, or offering subscriptions. With direct monetization built into the protocol, developers earn RLC every time their app is used. Compatible with popular programming languages, iExec offers the flexibility and robust security essential to pioneer the future of Web3. For developers valuing privacy, ownership, and monetization, iExec presents a compelling platform.

Developers and creators can visit the iExec Developer Portal for detailed documentation and tutorials on the DataProtectorSharing module.

Developers and creators can also follow iExec on X to stay up to date on developments and developer funding opportunities.

Contact

Communication Manager
Tina Fahimi
iExec
press@iex.ec

Bucharest, Romania, June 4th, 2024, Chainwire

SNPad, a new Web3 platform integrating AI and blockchain for personalized TV advertising, announced the upcoming listing of its SNPAD token on Uniswap on June 4, 2024 at 12:00 UTC. The event represents a significant milestone in the project’s ambitious roadmap and will enable it to raise liquidity for SNPAD token trading.

SNPad is a groundbreaking advertising platform that seeks to revolutionize how people interact with TV commercials. Users can install SNPad as a free app on their smart TVs, replacing traditional TV channel ads with personalized advertisements from the SNPad platform. These ads start and end simultaneously as the TV channel ads, ensuring a seamless viewing experience. The displayed ads are tailored to the user’s preferences, allowing them to see the desired products. Additionally, ad viewers are rewarded with up to 70% of the ad revenue in SNPAD tokens for their attention.

SNPad features a TV app for ad display and a mobile app for profile setup and crypto wallet management. This dual-application approach provides a secure and comprehensive user experience without affecting TV viewing habits. Notably, the SNPad application runs separately from the live TV broadcast and does not alter the TV content.

The beta version of the SNPad TV app is now available, allowing LG and Samsung TV owners, as well as Android and iOS mobile users, to test it on their smart TVs and mobile devices. Their experiences and feedback are invaluable to the SNPad team in refining and enhancing the app’s features.

SNPad uses cutting-edge AI technology to detect when a TV program breaks for commercials and seamlessly replaces the original advertisement broadcast with user-personalized ads. This provides users with a bespoke viewing experience and considerable earning opportunities. For example, users can earn up to 70% of the advertiser’s reward in SNPAD tokens for each ad they watch. Moreover, the ads on SNPad have interactive features, such as QR codes, direct purchases, and other activities or information via the remote control.

The platform uses a proprietary cloud network to guarantee high availability and redundancy for its backend services. Also, the team established strategic partnerships with Interlan Internet Exchange, Limitless, University Politehnica Bucharest, Incertrans SA, and Lirapay to enhance SNPad’s reach and functionality.

SNPad caters to TV viewers as well as to small and medium businesses. The latter now have the opportunity to showcase their products and services to specifically targeted audiences. The platform enables companies to “communicate” with the customers most likely to be interested in their offers based on location, interests, and viewing habits. More importantly, they no longer waste money on unseen ads. Instead, they can track their ads’ performance on the blockchain and clearly see what they need to improve.

About SNPad

SNPad is a revolutionary Web3 project that is the first to replace traditional commercial broadcasts on cable and satellite TV channels with personalized ads. The project received the “Best Blockchain Startup” award at the Crypto Expo Europe (CEE) 2024.

The platform aims to tap into a vast and unexplored market boasting over 1.72 billion homes with TVs worldwide. Its innovative service has an enormous potential for growth and user engagement, rewarding both viewers and advertisers.

SNPad will use up to 70% of the commercial business revenue to purchase SNPAD tokens from the market and reward users. The project has already minted all SNPAD tokens and made them available on the market, with no future minting possible.

The upcoming listing of the SNPAD token on Uniswap on June 4, 2024, at 15:00 UTC, could mark a historic moment for the television advertising landscape and its imminent integration with AI, blockchain, and other Web3 technologies.

Users can follow the project and stay up to date with its development at these links: Website | X (Twitter) | Telegram |

Contact

Robert Burlacu
robert@snp.network

Bitpanda, the fintech unicorn and crypto broker, expands its partnership with Deutsche Bank, managing to offer local IBANs for users in Germany. 

Bitpanda: the crypto broker with Deutsche Bank to provide local IBANs 

The partnership between Bitpanda and Deutsche Bank moves to the next step, with the crypto broker being able to provide local IBANs for users in Germany.

Major milestone alert! Bitpanda is expanding its partnership with @DeutscheBank. Together we’re delivering real-time payment services and local IBAN numbers for our users in Germany. This is a game changer for the industry!

Find out more in our Blog: https://t.co/XvMWDHPIHr… pic.twitter.com/joEwdTzDs8

— Bitpanda (@Bitpanda_global) June 4, 2024

“Alert for a major milestone! Bitpanda is expanding its partnership with @DeutscheBank. Together we are providing real-time payment services and local IBAN numbers for our users in Germany. This is a breakthrough for the sector!”

In practice, Bitpanda is expanding its partnership with Deutsche Bank to integrate transactional accounts into its B2C broker platform.

Specifically, the fintech unicorn of Bitpanda, together with Deutsche Bank, will be able to provide real-time payment solutions for incoming and outgoing transactions to users in Germany. 

This API-based account solution will provide Bitpanda with access to German IBANs, simplifying and improving the user experience and ensuring trust, speed, and efficiency.

It is the first time that a top-tier bank collaborates with a cryptocurrency company to offer an integration of this product density and scope. This means that when customers deposit or withdraw fiat from Bitpanda, the transactions go through Deutsche Bank. 

Furthermore, as part of this partnership, Deutsche Bank will provide Bitpanda with a local IBAN in Germany.

Bitpanda and Deutsche Bank: the crypto broker that provides local IBAN

Deutsche Bank represents another important institutional partnership for Bitpanda, which is experiencing a period of significant growth. 

In this regard, Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, commented: 

“Bringing together the best parts of the sector is how we can create real value for people. Deutsche Bank’s commitment to collaborating with new and innovative players in the financial sector continues to make our partnership possible. From today, we can access a range of Deutsche Bank products, gaining benefits for our team and our users.”

Bitpanda is a regulated multi-asset brokerage platform that offers retail investors over 2,800 virtual assets and selected indices, as well as stocks, ETFs, and commodities.

Kilian Thalhammer, Global Head of Merchant Solutions at Deutsche Bank, spoke about the collaboration with Bitpanda as follows: 

“We always strive to collaborate with companies that share our commitment to user safety. With Bitpanda, a recognized and regulated fintech provider, we are confident that we can help build a safe and reliable environment for users in this innovative sector of virtual asset investments. With our strategy of being the reference bank for high-potential platforms, the partnership with Bitpanda represents a fundamental milestone as we shape this emerging ecosystem through active engagement with the main operators in the sector.”

The expansion in Austria and the diversification with Meme Coin Leaders Index

At the beginning of May, Bitpanda formed a new partnership with Raiffeisen Bank to expand in Austria. 

In fact, Bitpanda can offer the trading of crypto and other assets also to the clients of the 55 bank branches throughout the country.

During the last month, then, the fintech unicorn launched its new product Meme Coin Leaders Index, thus helping investors to diversify their crypto-wallets. 

To begin, the index will contain the main memecoins such as PEPE, FLOKI, WIF, BONK, DOGE, and SHIB.