Roam, a leading DePIN project providing innovative WiFi solutions, has released its monthly update, offering transparent tracking of its growth in June. The recent report emphasizes the increase in various aspects, including app growth, partnership announcements, and key achievements.

Roam now has over 464,000 active app users in over 160 countries. To date, its users have received over 321.6 million Roam Points which can be converted to $ROAM tokens after TGE. Additionally, more than 333,000 nodes have been deployed worldwide with the highest record of over 250,000 daily Check-Ins, significantly expanding the network’s reach and reliability.

Community engagement has been pivotal for Roam’s success, demonstrated by the overwhelming response to the Roam x OKX Wallet Giveaway event on the Roam App. Within 3 weeks, it attracted over 100,000 participants, reflecting the growing interest and engagement from the community.

In June, Roam announced its launch on the Solana Mobile dApp store. This integration allows Solana Mobile users to connect to over 3.5 million OpenRoaming spots and earn rewards for every connection they make. Known as the world’s most Web3-focused phone, the Saga phone offers a comprehensive dApp store for the Roam app. By being available on the dApp store, the Roam app will provide faster load times and superior connectivity, enhancing the user experience and bridging the gap between Web3 and everyday technology.

Roam now serves as the key project in bringing WiFi connectivity to all APhone cloud devices via AppNest. This collaboration aims to enhance the user experience by providing seamless and reliable WiFi access through OpenRoaming, ensuring fast and secure connectivity across APhone devices. Further expanding its use case, Roam formed an alliance with Coral App to introduce OpenRoaming to the Coral Phone. This partnership focuses on enhancing WiFi roaming and introducing Roam miners, bringing new opportunities for connectivity and earnings.

As the developer of Roam, MetaBlox Labs provides advanced technological support for optimal performance. MetaBlox is the only Web3 company that has been designated as a Certified Access Network Provider for OpenRoaming by the Wireless Broadband Alliance (WBA). This certification reflects Roam’s unwavering commitment to delivering seamless and secure WiFi to everyone with the support of WBA.

In the past 30 days, Roam has strengthened its leadership position in the DePIN sector with continuous growth, laying a foundation for a promising future for the Roam project.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Chain abstraction pioneer Particle Network, along with multiple leading blockchain ecosystems in the Web3 scene, has introduced the Chain Abstraction Coalition, an initiative designed to solve one of the most persistent problems in Web3: Fragmentation. 

Blockchain fragmentation results in different challenges for Web3’s users and developers, stagnating the ecosystem’s growth and innovation while ultimately hurting its user experience. Through the adoption of chain abstraction (ChA) technologies, the Chain Abstraction Coalition aims to put an end to this problem.

What Is Particle Network?

Formed in 2022, Particle Network has quickly emerged as a major participant in Web3. With investments by firms like Gumi Crypto and Spartan Group, the company secured $25 million in funding. Particle Network also received additional backing via notable names like SNZ, HashKey Capital, Flow Traders, SevenX Ventures, and Morningstar Ventures.

Particle Network’s core offering is constituted by a set of unique solutions that aim to simplify and enhance the Web3 experience through chain abstraction. The platform’s solutions have already been implemented into over 900 decentralized applications (dApps), safeguarding more than $2 billion in user assets as well as reaching over 17 million users overall.

One of the main aspects of Particle Network’s strategy is to introduce Universal Accounts. These innovations, already live and fully usable on Testnet, are accessible through Particle Pioneer, Particle’s Testnet. Universal Accounts allow users to maintain a singular account and balance across all integrated chains, enhancing user convenience and interoperability across blockchain platforms.

The Chain Abstraction Coalition

The rapid implementation of blockchain technologies, with their accompanying technologies and practices, has brought many benefits to the Web, but also caused plenty of inefficiencies and complexities –with the most significant of these arguably being fragmentation. This led to the concept of ‘Chain Abstraction,’ which aims to simplify user interactions regardless of their underlying blockchain environment. Put simply, chain abstraction is an experience that aims to eliminate the manual processes that are typically needed to navigate multiple blockchains.

The Chain Abstraction Coalition, including blockchains like  Arbitrum, Berachain, Avalanche, BNB Chain, Linea, and Botanix, among others, aims to bring together a capable group of Layer-1 and Layer-2 blockchains to embrace chain abstraction as a way to consolidate user experiences and liquidity within Web3. Particle Network has identified this fragmentation as a critical barrier to the widespread adoption of Web3 technologies.

Particle has also announced that members of the Chain Abstraction Coalition will conduct a series of activities together. The first of these will be to collaborate through integrations of Particle Network’s Universal Accounts. On the Particle Pioneer platform, users of these blockchains will be able to familiarize themselves with Universal Accounts and chain abstraction, performing tasks that involve interacting with multiple chains (as Testnets) at once. Since different chains will be grouped together, these integrations receive the name of “Co-Testnets”. Different Co-Testnets will be announced in several waves by Particle Network over the coming weeks.

Chain Abstraction’s Effects On Web3

Web3 faces an undeniable need for reliable solutions that are also easily accessible and manageable.  By introducing standard chain abstraction practices, Particle Network and the Chain Abstraction Coalition seek to level the playing field and streamline user experiences to improve users’ asset engagement, optimizes resource allocation, and incentivize innovation within Web3.

On this, Pengyu Wang, CEO of Particle Network, has commented: “by working together as an industry to promote chain abstraction and solutions like Universal Accounts, we can overcome fragmentation and accelerate widespread adoption of this transformative technology.”

For more information and regular updates, visit Particle Network’s official website alongside its X and Discord channels.

Ethereum struggled to defeat the bears and traded in the range of $3K. 

The spot Ethereum ETF approval is expected by July 18.

Ahead of this, a whale withdrew 16,449 ETH from Binance.

The crypto market is struggling to recover from the bear-hold to the potent bull momentum. Ethereum (ETH), the largest-capped altcoin, marks the slightest revival above $3K with a gentle spike of 1.52% in the last 24 hours. The highest ETH price marked was $3,127, and the lowest was $3,025. 

Notably, Ethereum bulls and bears are feuding to break the price above the $3K range to set a new high of $3.5K. At the time of writing, ETH traded at $3,121. After a considerable decline of 28.81%, the daily trading volume was $14.94 billion, according to CMC. In the last 24 hours, nearly $29.7 million worth of ETH liquidated from exchanges.  

Amid the market fluctuations and ahead of the spot Ethereum ETF approval, an Ethereum whale withdrew 16,449 ETH valued at $50.3 million from Binance around 13 hours ago, as per the data from SpotOnChain. Notably, this is the whale’s first major accumulation of ETH. All the withdrawn Ethereum has been transferred to a new wallet.

Meanwhile, spot ETH ETF issuers have submitted the amended S-1 registration statements to the Securities and Exchange Commission (SEC). Thus, approval is expected on July 18.  

Can the ETH Bulls Reach $3.5K Soon?

ETH was down by 7.15% over the past week, hitting a monthly low of $2,850. By evaluating the 24-hour price chart, the daily relative strength index (RSI) stands at 39.45, which hints at the asset’s nearly oversold condition. The short-term 9-day moving average (9MA) of $3,120 is below the 21-day moving average (21MA) and both the MAs hover above the current price action, indicating a bearish trend. 

ETH Price Chart (Source: TradingView)

If the ETH revival strengthens, the price might test its initial resistance in the $3,391 range. The next key resistance levels will be between $3,487 and $3,692. On the other hand, if the ETH fails to maintain its price momentum, it may fall to immediate support near the $2,875 level. Further support might be in the $2,710 range.

Highlighted Crypto News of the Day

Can Bitcoin Reach $60K Amid This Brief Rally?

Bitcoin price has rebounded 4%, nearing the $59,500 mark in the recent recovery.

Bitcoin ETFs in the US saw $216.33 million in net inflows, marking three consecutive days of positive investment.

Despite the German government and Mt. Gox selling pressures, the global crypto market displayed a notable rebound, driven by Bitcoin’s (BTC) recovery on July 10. This upward movement comes in the wake of recent market turbulence, as Bitcoin climbed nearly 4.20% to approach the $59,500 zone.

At the time of writing, Bitcoin is trading at $59,201, with a market cap of $1.16 trillion. This recovery represents a climb from a recent low of $54,424, which was recorded on July 8. However, Bitcoin’s daily trading volume has decreased by approximately 20%, settling at around $28 billion.

In parallel, the 11 spot Bitcoin exchange-traded funds (ETFs) in the U.S. have seen solid inflows. On Tuesday alone. These ETFs recorded net inflows of $216.33 million, marking the third consecutive day of positive investment activity.

Is Bitcoin Targeting a Recovery?

Bitcoin’s price movement remains unclear as it has fluctuated between the $53,000 and $60,000 range over the past week. There is speculation that Bitcoin could gain further bullish momentum if it successfully breaches the $60,000 resistance zone.

Following a recovery above $59,000, Bitcoin even surpassed the $59,400 level. Further, BTC has tested the 23.6% Fibonacci retracement level from a low of $54,282 to a high of $59,415, with bullish activity evident above the $58,500 level. Also, the BTC price is above the 9-day moving average (MA), indicating bullish momentum and potential for further upward movement.

However, the bear around the $59,500 mark remains strong. After reaching a high of $59,415, Bitcoin’s price has entered a consolidation phase. Currently, Bitcoin is trading at $59,201, remaining above its 100-hourly simple moving average. Also, a bullish trend line is forming, providing strong support at the $59,000 level on the hourly chart of the BTC/USD pair. Immediate resistance is observed near the $59,800 mark.

The first significant resistance is at $59,600. According to the BTC price prediction, a decisive move above this level could trigger a further increase and drive the price toward the next major resistance at $60,200. If Bitcoin manages to close above this point, more gains may push the price to test the $60,800 resistance. However, continued upward movement could be challenging.

Conversely, if Bitcoin fails to overcome the $59,500 resistance, it might face another decline. Immediate support on the downside is near $58,800. The first major support is at $58,750. Further support is found around $57,500, aligned with the 61.8% Fibonacci retracement level of $56,243 to the high of $57,454. Any additional losses could drive the price to the $55,000 support zone in the short term.

Coinbase added a roadmap, supporting the Ethereum network.

SD surged 101%, with trading volume up 200% post-announcement.

Coinbase, the largest cryptocurrency exchange in the USA, has added the altcoin Stader (SD) to its listing roadmap. According to Coinbase’s official statement, SD will be supported on the Ethereum network, generating excitement within the community.

While being added to the roadmap does not guarantee a listing, historically, these tokens tend to be listed eventually. Following the news, Stader (SD) saw a significant rise, increasing by 101% in the past twenty hours and 78% in the last 24 hours. Trading volume has also surged by 200% within the same period.

Stader (SD) currently ranks 639th on CoinMarketCap in terms of market capitalization.

GM!Stader Coinbase https://t.co/5bdvrEHe4R

— Stader Labs (@staderlabs) July 10, 2024

The news has led to a notable surge in SD’s price and trading activity, reflecting the community‘s anticipation and optimism. Investors view Coinbase’s addition of SD to its listing roadmap positively. It is likely to attract more attention and investment to the altcoin.

As the community watches for further updates, the impact of this announcement on SD’s market performance remains a key point of interest.

Highlighted News Of The Day

Argentina Witnesses Surge in Crypto Adoption Amid Soaring Inflation

The spot Bitcoin ETFs recorded $216 million in total net inflows according to Sosovalue data. 

In the past month, the ETF showed several outflows as attention turned to altcoin Spot ETFs.

The US Spot Bitcoin ETFs witnessed another consecutive day of inflows in the last 24 hours. While the past week witnessed an eventful crypto market crash, Investors after a brief FUD stepped up to take advantage of the price dip. Thus, despite the increasing liquidations, investments also soared in the past week. 

Firstly, the spot Bitcoin ETFs recorded net total inflows of $216 million as of July 9 according to Sosovalue data. Previously, in the past week on July 1, the 11 ETFs recorded $129.45 million in net total inflows. However, the following days witnessed the ETF breaking its 5-day streak of inflows amid the market crash. Subsequently, as aforementioned, from July 5 the ETP recovered to see inflows. 

In the last 24 hours, the Grayscale’s spot Bitcoin ETF GBTC, amid net inflows, witnessed $37.5 million outflows. However, Grayscale is still the largest ETF in the market. Meanwhile, BlackRock’s IBIT and Fidelity’s FBTC recorded $121.03 million and $90.95 million inflows respectively. Ark Invest and 21 Shares ETF witnessed $43.3 million in inflows. 

Notably, Bitwise’s BITB recorded outflows of $4.72 million. Grayscale and Bitwise-issued spot Bitcoin ETFs are the only two that witnessed outflows. VanEck’s HODL ETF recorded $3.27 million in inflows while the other 5 ETFs showed neutral flows. 

Moreover, the digital asset currently boasts a total net asset value of $50.79 billion. In the last 24 hours, the 11 ETFs traded for a total value of $1.98 billion. 

Are Spot Bitcoin ETFs Back in the Spotlight? 

In the past month, spot BTC ETFs exhibited several outflows as market attention turned to altcoin spot ETFs. The market is anticipating the trading of spot Ethereum ETFs in July and also saw rising speculations of spot Solana ETFs. Amid the sparking of market debate, spot Bitcoin ETFs took the back seat in June. 

However, the beginning of July showed recovery for the spot Bitcoin ETFs. As aforementioned, the present market dip witnessed a huge influx of investments into several digital assets including BTC ETFs. 

Meanwhile, Bitcoin price in the last 24 hours has shown upward movements and surpassed the $58K level according to CMC data. 

Highlighted Crypto News Today: 

Ethereum Price Surges as Market Anticipates ETF Listing, Will ETH Reach $10,000?

Warsaw, Poland, July 10th, 2024, Chainwire

Flipster, a cryptocurrency derivatives trading platform, is celebrating its 1st anniversary by launching two competitions and giving away 150,000 USDT worth of prizes. 

Since its launch, the Flipster platform has been fueled by a 1,943% trading volume growth and 3,998% net asset growth. These figures accompany an equally impressive 190% sign-up growth, and a 565% growth in active traders, with users spanning across 177 countries, reflecting strong user retention and platform satisfaction.

A fast-growing cryptocurrency trading platform, Flipster has a daily trading volume exceeding $480,000,000, according to CoinMarketCap data as of the date of this release.

Source: CoinMarketCap

Platform Highlights

Wide variety of crypto: Traders can access over 250 perpetual futures listings with leverage of up to 100x, including tokens not readily found on other futures trading platforms and some with low visibility in spot markets, offering more diversification opportunities.

Zero Trading Fees: Our zero trading fees allows traders to maximize their profits by eliminating transaction costs, making Flipster attractive for retail users seeking the best prices compared to other exchanges.

High Liquidity: Flipster offers narrower bid-ask spreads and higher liquidity than larger trading platforms, facilitating seamless trading regardless of market conditions.

The past year has been packed with top-tier partnerships to bring the Flipster trading experience to a whole new level, including TON (The Open Network), Over Protocol, and Scallop (SCALLOP).

Flipster’s commitment to being the fastest trading platform to offer the world’s first perpetual futures listings on the latest cryptocurrencies, with recent listings including ZRO, ZK, AEVO, BLAST, and ETHFI, appeals to serious traders looking to elevate their crypto game. 

The Flipster team aims to continually reimagine what exists in the crypto space to unlock unprecedented value for users. Through its Earn Campaign, users can trade while earning a 20% APR* (varies daily) on their USDT wallet balance simultaneously, with no lock-up period and automatic daily reward distribution. Other latest innovations include multi-position trading, launchpool, and position airdrops. 

User safety and asset security comes first on Flipster. The trading platform adheres to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols. Industry standard security measures such as two-factor authentication is compulsory for all user accounts, and the Flipster team performs continuous monitoring of all transactions for suspicious activity. To protect users’ accounts, Flipster continuously updates and improves its security measures in response to emerging threats and technological advancements, and performs ongoing security assessments and compliance checks. 

Source: https://flipster.io/support/proof-of-reserves

As part of its commitment to transparency, Flipster conducts regular audits of its reserves and has published its Proof of Reserves (PoR) on its website. PoR is a form of verification that ensures all user assets held on Flipster’s platform are fully backed on a 1:1 basis and are securely managed. The safeguarding of their assets is always a top priority for Flipster. By doing this, users can easily authenticate that their assets are fully accounted for, reinforcing the trust and confidence they have in Flipster, and giving them peace of mind.

To celebrate this 1st anniversary milestone and appreciate the community’s support, Flipster is excited to announce two competitions, with prize pools of 75,000 USDT each. Users can take part in a trading volume competition or profit and loss (P&L) trading competition from 17 July 2024 at 00:00 UTC to 25 July 2024 at 00:00 UTC. 

Be among the first 12,000 users to register for each competition from 10 July 2024 at 00:00 UTC to 25 July 2024 at 00:00 UTC for participation eligibility. To claim rewards, users need to contribute a trade volume value of at least 10,000 USDT. The top 200 traders for each competition can get their share of rewards. For more information, click here.  

Flipster plans to host in-person meet-ups, offline events, social media contests, and more trading competitions. Stay tuned for more information.

About Flipster

Flipster is among the fastest-growing crypto derivatives trading platforms, offering lightning-fast perpetual futures listings on the latest cryptocurrencies. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens with high liquidity and zero trading fees. For media enquiries or interview requests with the team, please reach out to pr@flipster.io.

Contact

Marketing SpecialistShirlyn TanFlipsterpr@flipster.io

In the cryptocurrency realm, notable players such as Shiba Inu, Cardano, and the innovative BlockDAG are making significant strides. Shiba Inu is intensifying its token burns, potentially signaling a price boost, while Cardano introduces eco-friendly updates in line with impending EU regulations. Meanwhile, BlockDAG debuts advanced mining technology that promises hefty returns, marking significant shifts in the crypto landscape and offering investors and tech enthusiasts fresh opportunities to tap into the forthcoming wave of digital currency innovation.

SHIB: Boosting Value with Increased Token Burns

Shiba Inu (SHIB) has dramatically increased its token burn rate by 3,700%, a strategic decision to reduce supply to boost its value potentially. This increase is powered by enhanced activity on the Shibarium network, where a portion of SHIB tokens is incinerated with each transaction. This aggressive burn strategy and active network engagement positions SHIB to hit the $0.001 target soon. SHIB’s expanding market influence poses a promising investment opportunity for investors, positioning it as a cryptocurrency to watch closely.

Cardano: Leading the Charge on Eco-Friendly Blockchain Tech

Cardano sets itself apart in the crypto sphere, focusing on sustainability, aligning perfectly with the EU’s forthcoming MiCA regulations. This commitment underscores its dedication to environmental responsibility and enhances its appeal to eco-conscious investors. Cardano’s energy-efficient protocol significantly reduces electricity consumption, establishing a new benchmark for sustainable blockchain practices. As it continues innovating, Cardano remains a leader in the blockchain revolution, promising growth and sustainability.

BlockDAG: Emerging as a Powerhouse with Exceptional Prospects

BlockDAG is rapidly gaining traction in the crypto world, drawing investor attention with a groundbreaking presale that has collected over $56.9        million. This enthusiasm largely stems from its innovative X series miners, which range from the home-friendly X10 to the robust X100, designed for various scales of mining operations. The X10 miner, notable for its compact size and quiet operation, delivers a hash rate of 100 MH/s and an estimated daily yield of 200 BDAG, all while using just 40 watts of power.

The X30 model triples the X10’s efficiency with a hash rate of 280 GH/s, suitable for diverse environments, while the top-tier X100 model boasts a powerful 2 TH/s hash rate with the potential to generate up to 2,000 BDAG daily, ideal for serious miners seeking scalability and significant returns.

Additionally, BlockDAG enriches its ecosystem with low-code/no-code platforms that streamline the creation and customization of utility tokens, meme tokens, and NFTs. This accessibility enables rapid deployment and innovation within blockchain applications, democratizing technology access across sectors.

Moreover, BlockDAG utilizes a Directed Acyclic Graph (DAG) architecture to enhance transaction speeds, achieving near-instant confirmations and supporting high-volume applications with a transaction throughput of 10,000-15,000 TPS. This technical excellence, combined with robust presale results and strategic initiatives, firmly establishes BlockDAG as a formidable force in the crypto market, promising significant returns and sustained growth for investors.

Why BlockDAG Is an Optimal Crypto Investment Choice

With its state-of-the-art technology and substantial growth potential, BlockDAG stands out as an excellent investment choice in the cryptocurrency sector. As SHIB and Cardano continue to evolve, BlockDAG propels forward, offering a unique mix of efficiency, scalability, and user-friendliness. Investing in BlockDAG’s presale means participating in a groundbreaking project poised to shape the future of blockchain technology.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Ripple Network (XRP) saw a surge in adoption rate.

The uptick in user demand led to a rally in XRP’s trading activity, with the altcoin’s daily trading volume exceeding $1 billion.

Despite the surge in activity, bearish sentiments against XRP remain high.

The Ripple Network (XRP) experienced a remarkable surge in adoption rate on July 8, causing the total transaction count recorded on that day to reach levels last seen in February.

This increase in user demand on the network also triggered a rally in XRP’s trading activity, with the altcoin’s daily trading volume surpassing the $1 billion mark.

Source:  XRPScan Ripple Network Witnesses Influx of Users

On-chain data reveals that on July 8, the number of successful transactions completed on the XRP Ledger amounted to an impressive 2.3 million.

This figure represents a substantial 15% increase from the 2 million transactions recorded just a day prior. Notably, the last time the network achieved such a high single-day transaction count was on February 16.

The month of July has been marked by an extraordinary surge in demand for the decentralized public blockchain. Since the beginning of the month, the daily transaction count on the network has skyrocketed by an astonishing 97%, highlighting the growing interest in the Ripple Network.

The high demand for the XRP Ledger on July 8 had a positive impact on XRP’s performance. The altcoin’s daily trading volume reached an impressive $1.5 billion, demonstrating the increased activity in the XRP market.

At press time, XRP is trading at $0.43, having risen by nearly 5% in the past 24 hours. During the same period, its trading volume has also experienced a notable 23% increase.

Despite the recent surge in activity in the XRP market, it is important to note that bearish sentiments against the altcoin remain high. While XRP’s price has witnessed a minor uptick in the past 24 hours, it is poised to maintain its month-long downtrend.

Ethereum’s recovery rally shows a price jump in the last 48 hours, with $52M in short-side liquidations.

The weekly chart reveals a failed double top formation.

The increasing likelihood of an Ethereum ETF listing on July 15 could act as a catalyst for a bull run.

Ethereum’s recovery rally has gained momentum, with the price jumping in the last 48 hours, as Bitcoin sustains its position above the crucial $56,000 support level. The recent surge in ETH’s price, coupled with $52M in short-side liquidations, suggests that the bearish grip on the Ethereum price trend is loosening.

With the market anticipating a bull run in ETH, the hopes of a bullish rally to a new all-time high have resurfaced. This raises the question: Will the Ethereum price prediction of reaching $10,000 come to fruition, or will this crash lead to a revised market prediction?

Ethereum Price Performance Analysis

Boasting a market capitalization of $368 billion, Ethereum stands tall as the largest altcoin and the second-biggest cryptocurrency, second only to Bitcoin. 

The weekly chart reveals an interesting price action for Ethereum, with a failed double top formation and a neckline at $2,844, which coincides with the 50% Fibonacci retracement level.

The broader cryptocurrency market recovery teases the possibility of a massive jump in the altcoin segment. Moreover, with the increasing likelihood of an Ethereum ETF listing this month, as per Bloomberg analyst James Seyffart, the ETH price is poised for a significant boost in the coming weeks.

Also want to add. I have fairly low confidence in those launch date predictions at this point. Theres no deadline & SEC's Corp Fin is taking their time here (I dont blame them). But these changes were very minimal and idk why the ETFs wouldn't be ready to go within a couple weeks

— James Seyffart (@JSeyff) July 3, 2024

As the anticipation of a broader market recovery grows stronger, ETH’s price is on the verge of a substantial recovery. The increasing likelihood of an ETH ETF getting listed on July 15 could further fuel the upcycle, providing additional momentum to the bull run.

As the market anticipates a bull run in Ethereum, the question of whether ETH will reach the coveted $10,000 mark remains at the forefront of investors’ minds.  

Particularly noteworthy is the 97% rise in the stablecoin’s supply over the previous month.

With a supply of over 112 billion, Tether USD leads the stablecoin sector.

Launched via a cooperation with custodian company Paxos in August 2023, PayPal’s USD-pegged stablecoin PYUSD has had its market supply surpass 500 million tokens.

By the end of 2023, PYUSD’s supply had grown to 230 million after its launch. According to statistics compiled by DeFiLlama, the total quantity of stablecoins has more than doubled since then, and this month, it surpassed 500 million, or $500 million.

Substantial Growth

Particularly noteworthy is the 97% rise in the stablecoin’s supply over the previous month, from 270 million on June 26 to more than 533 million. With a supply of over 112 billion, Tether USDT leads the stablecoin sector, and PayPal is among the top 10 issuers.

Following its May expansion to the Solana network, PYUSD’s growth has surged. Solana already has 134.5 million PYUSD stablecoins, or 25.2% of the total supply, after a few months. Ethereum now has around 399 million PYUSD stablecoins.

PYUSD’s inclusion in decentralized finance protocols like Frax and Curve, as well as its acceptance on centralized exchanges like Crypto.com, seem to have had a role in the stablecoin’s rise in the last year. With 112 million tokens, or more than 20% of the entire supply, Paxos owns the biggest amount of PYUSD on Ethereum.

Users may now use PayPal USD (PYUSD) to finance international Xoom transactions. In April of this year, Xoom, a PayPal service for international money transfers, unveiled this new feature. A statement from Xoom states that US consumers would not be charged any transaction fees by PayPal when funding eligible transactions to over 160 countries using PYUSD.

Highlighted Crypto News Today:

US House Set to Overturn Biden’s Veto of SAB 121 Tomorrow

Los Angeles, United States, July 9th, 2024, Chainwire

Phoenix Memecoin ($PHNX) is gaining attention for its unique combination of innovative technology and a strong, community-oriented approach.

About Phoenix Memecoin ($PHNX)

Phoenix Memecoin ($PHNX) is a new cryptocurrency designed to symbolize rebirth and innovation within the crypto world. Supported by a dedicated and rapidly growing community, Phoenix Memecoin aims to offer stability and long-term growth through its thoughtful tokenomics and strategic planning.

Key Features of Phoenix Memecoin ($PHNX)

Thoughtful Tokenomics: Phoenix Memecoin ($PHNX) employs a carefully designed tokenomics strategy to ensure stability and growth. The total supply of tokens is limited, providing a sustainable foundation. The presale offers tokens at a fixed rate of 2000 PHNX per 1 Solana (SOL), with a purchase limit of 30 SOL per wallet to promote broad participation and prevent market manipulation.

Strategic Fund Allocation: Funds raised from the presale are allocated to liquidity, team development, exchange listings, partnerships, marketing, and token buyback and burn. This diversified approach aims to support the project’s long-term success.

Community and Transparency: The Phoenix Memecoin team prioritizes transparency and community involvement. Active community members and content creators are rewarded for their contributions. Token holders can access exclusive content and events, enhancing engagement and value for the community.

Roadmap and Governance: Phoenix Memecoin has a detailed roadmap outlining its plans, including presale, DEX listings, community events, and rewards. Governance mechanisms allow token holders to participate in project decisions, fostering a collaborative environment.

Experienced Team: The project is led by a team of four developers with extensive experience in cryptocurrencies and a commitment to transparent communication. The team holds a modest 6% of the total tokens, ensuring that the focus remains on community growth and project sustainability.

Phoenix Academy: The Phoenix Academy on the project’s website offers free educational resources on cryptocurrencies, providing valuable knowledge without financial commitment.

For More Information

Website: www.phoenixonsol.com

Twitter (X): https://x.com/Phoenixmemecoin

Telegram: https://t.me/Phoenixonsol

Reddit: r/Phoenixonsol

Tiktok: @Phoenixonsol

Instagram: @Phoenixonsol

Facebook: @Phoenixonsol

The Phoenix Memecoin team is available on social media to respond to inquiries and engage with the community.

Contact

Jonathan Griffincontact@phoenixonsol.com

The Chicago Board Options Exchange (CBOE) has filed form 19b-4s for Solana exchange-traded funds (ETFs) with the SEC.

The SEC has a deadline until mid-March 2025 to respond to the request.

Solana’s price has surged by over 6.47% in the past 24 hours.

The Chicago Board Options Exchange (CBOE) has submitted form 19b-4s to the United States Securities and Exchange Commission (SEC) for the approval of Solana exchange-traded funds (ETFs).

This move marks a crucial step towards the potential listing of Solana ETFs on regulated exchanges, opening up new investment opportunities for institutional and retail investors alike.

The 19b-4s format is utilized by self-regulating organizations (SROs) that exercise a certain degree of authority over an industry to inform the SEC of proposed rule changes.

Once the form is submitted, the SEC invites public opinion on the proposed changes and subsequently publishes all the comments received.

SEC Given Deadline Until Mid-March 2025 for Solana ETF Decision

The CBOE has presented the 19b-4s format for trading the Solana ETF spot for two initial issuers, VanEck and 21Shares. Following the submission, the SEC now has a deadline until mid-March 2025 to respond to the request.

This process closely resembles the one that transpired with spot Bitcoin and Ethereum ETFs in the past.

ETF analysts have expressed their views on the potential approval of Solana ETFs, with some suggesting that the chances of approval may increase if Donald Trump emerges victorious in the November 2024 Presidential election.

Nate Geraci, the President of the ETF store, emphasized that once the SEC acknowledges these filings, the decision clock begins ticking. Amidst these developments, the price of Solana has surged by over 6.47% in the past 24 hours, currently trading at $141.07.

Last month, VanEck’s chief of research, Matthew Sigel, discussed the regulation of cryptocurrencies in the United States following the firm’s recent attempt to register a Solana ETF spot. Sigel mentioned that a Solana ETF is a possibility, given the smooth process of Ethereum’s spot ETF approval.

Argentina has been dominating the crypto adoption with an annual inflation rate of 276%.

Memecoins have not been the driving force behind crypto adoption in Argentina.

Coinciding with a meteoric rise in inflation, crypto popularity in Argentina has reached new heights. According to researchers from Forbes, Argentina has been dominating the Western hemisphere in crypto adoption with an annual inflation rate of 276%.

According to a Forbes report from July 8, experts found that among Western hemisphere countries, Argentina has the highest percentage of its populace using cryptocurrency. The analysis highlighted that out of 130 million visits to 55 of the major exchanges globally, 2.5 million were from Argentina, based on data from Similarweb.

Binance, one of the biggest cryptocurrency exchanges in the world, also has more visits from Argentina than any other market. Website traffic from Argentina makes up 6.9% of Binance’s total visitors, according to SimilarWeb.

Establishing Regulations Underway

Moreover, memecoins have not been the driving force behind crypto adoption in Argentina, contrary to the prevailing trend in the crypto sector. Based on comments made by Bitget’s Latin America chief Maximiliano Hin, the analysts asserted that the locals would rather keep stablecoins like Tether.

Despite Argentina’s absence of substantial efforts to safeguard stablecoin investors, owning USDT makes sense for individuals due to the country’s enormous inflation rates.

Argentina has taken a welcoming attitude toward Bitcoin and other cryptocurrencies, but the nation has allegedly had trouble establishing regulations for the sector. Argentina has recognized the use of Bitcoin in legally enforceable contracts in late 2023, after the swearing in of President Javier Milei.

Since then, Argentina has passed registration rules for crypto companies in April 2024, part of its efforts to regulate the local cryptocurrency sector.

Highlighted Crypto News Today:

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Toncoin (TON) has seen a significant boost, with a 14% jump in price following a hefty $500 million in USDT deposits. On the other side, Dogecoin (DOGE) is witnessing a substantial accumulation, as whale-sized transactions suggest big moves in the market. But it’s BlockDAG’s $2 million giveaway that’s stealing the limelight, drawing an enthusiastic crowd from across the crypto sphere.

The campaign is not just lucrative but also strengthens the community vibe by encouraging participants to bring friends into the fold. With more than 80,000 entries and a staggering $56.9 million raised from presales, BlockDAG’s growth spurt is monumental, showing a 1300% rise in 19 batches. Experts are eyeing a $10 valuation per BDAG by 2025.

Toncoin Soars with Major USDT Inflows

Toncoin (TON) saw an impressive 14% price increase recently, driven by $500 million in USDT deposits. This influx of capital significantly boosted Toncoin’s momentum. By late June, the price had risen $14 from the previous week’s lows, hitting $7.72 on June 25 before stabilizing around $7.60. The substantial USDT deposits have been a major factor in this upward trend, highlighting a robust capital inflow that continues to drive Toncoin’s growth.

Dogecoin Accumulation Gains Momentum

Dogecoin is currently in a rapid accumulation phase, as evidenced by significant transaction volumes recorded by market intelligence firm IntoTheBlock. These transactions, each involving at least $100,000 worth of Dogecoin, indicate that whales are actively buying or selling large quantities of DOGE.

This heightened activity could signal a strategic move by major investors, potentially leading to a market rebound. Despite a recent dip to $0.11, this accumulation wave may provide the momentum needed for Dogecoin to recover and thrive in the market.

BlockDAG’s $2M Giveaway Ignites Crypto Enthusiasm

BlockDAG Network’s $2 million giveaway is causing a stir among crypto enthusiasts, with participants eagerly vying for a chance to become millionaires. The giveaway offers substantial rewards to 50 lucky winners, requiring only a $100 investment in BDAG coins. This opportunity is attracting a diverse crowd, with 86,448 participants already entered. The initiative encourages participants to invite friends, boosting individual involvement and fostering a sense of camaraderie and shared ambition among investors, which aligns with BlockDAG’s community-driven ethos.

Additionally, BDAG is experiencing rapid price growth, currently valued at $0.014, marking a 1300% increase since its launch. Analysts project that BlockDAG could reach $10 by 2025, making it a highly attractive investment opportunity. Even if participants don’t win the $2 million, their $100 investment could potentially grow to around $71,428 by 2025.

These initiatives, like the $2 million giveaway, have significantly boosted BlockDAG’s popularity and market dominance. With $56.9 million raised in its presale by Batch 19, the giveaway is set to further accelerate this growth. By actively engaging and expanding its community, BlockDAG strengthens its market position and investor relations, solidifying its status as the top crypto investment for 2024.

Final Thoughts

As Toncoin surges and Dogecoin garners attention from big investors, BlockDAG’s $2 million giveaway is capturing the crypto community’s imagination, bolstering spirits, and driving widespread participation. Alongside a formidable $56.9 million in presales, BlockDAG is emerging as the must-watch cryptocurrency of 2024, with projections pointing to a $10 valuation by 2025—an opportunity too good to pass up.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Circle obtained an E-money License for USDC and EURC under MiCA laws earlier.

The main benefits of introducing the EURC are use-cases and regulatory compliance.

The USDC stablecoin issuer Circle, has announced launch of EURC, its first euro-backed stablecoin, on Base, a layer 2 blockchain. Developers are being incentivized to create a digital currency backed by the euro in an attempt to facilitate quicker and cheaper transactions for people all around the world.

It is worth mentioning that EURC has joined USDC, the biggest stablecoin on the Base network, which has a circulation of $3 billion as of July 9. To improve the speed and scalability of Ethereum, Coinbase introduced Base, a layer two blockchain.

Strategic Move

By meeting the requirements of the new MiCA (Markets in Crypto Assets) law, Circle has made history by adding EURC and USDC to Base, making it the first global stablecoin issuer. The main benefits of introducing EURC are the confidence and compliance that are necessary for an on-chain euro equivalent. With the launch of USDC on Base last year and now EURC, Circle seems to have achieved tremendous progress in this regard.

Moreover, there are many advantages to introducing the aforementioned stablecoins on Base. There are regulated and entirely reserve backed stablecoins. These stablecoins may be exchanged for euros and dollars at a 1:1 ratio, respectively. Additionally, qualifying firms may take use of institutional on/off ramps like Circle Mint thanks to the integration.

At the same time, the stablecoin integration opens up Coinbase’s worldwide on- and off-ramp network to retail users. Plus, there are a plethora of use cases, including low-cost marketplace payouts, peer-to-peer payments, and cross-border payments with quick settlements for cross-border remittances.

In the meanwhile, the stablecoin behemoth recently achieved great accomplishments recently. This includes obtaining an E-money License for USDC and EURC under MiCA laws, as previously reported.

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Behemoths such as Dogecoin, Near Protocol, and BlockDAG are carving out unique niches in the constantly changing cryptocurrency space. Dogecoin continues to captivate with its promising prospects, while Near Protocol rides a wave of growth fueled by integrating pioneering AI technology. 

On the other hand, BlockDAG is setting new benchmarks for market performance with its unparalleled speed and security enhancements. These strides have led to an impressive $56.9 million in presale investments and the distribution of 12 billion coins, potentially positioning BlockDAG to reach a $30 valuation by 2030.

Promising Future of Dogecoin

Dogecoin stands poised for significant growth, with projections suggesting it could rise to $1-2 during the anticipated “memecoin supercycle,” according to leading crypto analysts. 

This expected surge mirrors historical patterns seen with other cryptocurrencies, such as Bitcoin, where periods of stability often precede major gains. Despite potential short-term fluctuations, the long-term outlook for Dogecoin remains optimistic, presenting a strategic opportunity for investors looking to diversify their crypto portfolios.

Near Protocol’s AI-Driven Growth

Near Protocol is experiencing notable growth, driven primarily by its strategic integration of AI technologies. This rise, marked by a 16.61% increase over ten days, underscores Near Protocol‘s expanding adoption within the blockchain sector. 

With its commitment to merging blockchain and AI, Near Protocol enjoys favourable market sentiment and an expanding user base. As AI continues to influence the crypto landscape, Near Protocol’s alignment with tech giants like Nvidia supports its upward trajectory, promising strong potential returns for investors.

$600 Investment in BlockDAG Could Yield Significant Returns by 2030

BlockDAG’s architecture, detailed in the DAGPaper, is designed for enhanced scalability and security and features parallel processing that boosts throughput as user numbers increase. This robust design meets growing demands and positions BlockDAG for widespread adoption. Its ability to manage network congestion, even during peak times, and its dedication to sustainable growth make it a solid foundation for a thriving blockchain ecosystem.

BlockDAG’s security is fortified by the GHOST DAG (Greedy Heaviest Observed Sub-DAG) algorithm, which is crucial in securing the network by guiding miners to extend the most widely acknowledged sections of the DAG. This process strengthens the main chain against potential attacks like orphan branches or double-spending attempts over time. Overcoming such challenges ensures the primary, legitimate chain prevails over malicious attempts, safeguarding investor interests.

BlockDAG has swiftly amassed an impressive $56.9 million through its presale efforts in just a few months, underscoring its strong market appeal. Currently priced at $0.014 in its 19th batch, BlockDAG has witnessed a remarkable 1300% growth. Expert forecasts anticipate further price increases to $20 by 2027 and an ambitious $30 by 2030. Based on ongoing financial trends and anticipated market expansions, investing $600 now could propel investors into the millionaire bracket by 2030.

In Summary

While Dogecoin entices with its promising trajectory and Near Protocol capitalises on AI-driven expansion, BlockDAG distinguishes itself by setting new market standards with unparalleled speed and security enhancements. 

These advancements have propelled BlockDAG to an impressive $56.9 million in presale investments and the distribution of 12 billion coins. Positioned to achieve a $30 valuation by 2030, BlockDAG emerges as a standout in the crypto landscape, offering significant potential for investors seeking substantial returns.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

For funds, VCs, investors in digital assets, and cryptocurrency firms, today represents a major breakthrough. After a year of careful planning, partnerships, and extensive testing, Nuant is thrilled to present the release of its cutting-edge platform for managing portfolios of digital assets and creating cutting-edge strategies.

A complete 360-degree intelligence solution tailored especially for digital assets is provided by Nuant’s platform. It unifies all of the data into a single, intelligent dashboard by combining data from many sources and integrating with different sources. This allows for seamless real-time performance and risk evaluation by doing away with the need for spreadsheets and different tools. Users are able to monitor all of their requirements from a single dashboard, analyze hazards in real time, and measure their performance. Data aggregation, intelligent orchestration, actionable insights, and a reliable simulation engine for creating and evaluating cutting-edge tactics are some of its key characteristics.

Through the use of real-time insights and powerful analytics, customers may enhance their digital asset management by using Nuant. By enabling users to take advantage of market opportunities, reduce risks, and make well-informed choices, the platform helps users stay ahead of the competition in the rapidly changing world of digital assets.

Why Nuant Stands Out:

Broad Market Coverage: Nuant provides a wide range of assistance for managing digital assets, including support for more than 30 exchanges, 80 blockchains, 1000 DeFi protocols, and more than 5 custodians. Users may manage a variety of asset classes, giving them a comprehensive picture of their portfolios, including stocks, derivatives, DeFi, and Spot.

Advanced Alerting System: Nuant offers configurable alerts on market movements and portfolio events in addition to proactive warnings on any security breaches. This system makes sure customers can react quickly to possibilities and hazards, which improves their capacity to reduce losses and take advantage of market dynamics.

Integrated SAFE, SAFT, and Token Vesting Tracking: The platform automatically tracks token vesting schedules and incorporates SAFE and SAFT agreements into portfolio assessments. By guaranteeing accurate portfolio management and prompt claim execution, this component preserves the integrity of investment strategies.

Advanced Tools for Strategy Design: Nuant provides users with AI-powered tools for scenario analysis, backtesting, rebalancing, and DeFi strategy simulations. These skills make it possible to develop complex investment strategies that maximize risk management and portfolio performance.

Rachid Ajaja, Founder & CEO of Nuant, shares his vision:

“In traditional finance, advanced tools for managing investments and risks are the standard. This level of sophistication has been lacking in the digital asset sector. With the upcoming MiCA regulations, it’s more critical than ever for Funds, VCs, and Web3 companies to have the right tools. Nuant provides an institutional-grade platform that meets the highest standards, bridging the gap and extending these capabilities to DeFi. Our goal is to equip these entities with robust tools to navigate the digital asset landscape with the same precision and reliability found in traditional finance. We believe Nuant arrives at a crucial moment as the sector rapidly professionalizes.”

Exclusive Launch Offer: To commemorate this momentous occasion, Nuant is happy to present an exclusive deal to the first 100 customers, who will get the first three months free of charge. Go to Nuant.com to take advantage of this time-limited offer.

To get further information or to make a press inquiry, reach out to Léo Carli at leo.carli@nuant.com.

The cryptocurrency market is known for its volatility and rapid shifts in sentiment. Recently, Bonk (BONK) surged by 15% in just 24 hours, drawing the attention of traders and investors alike. Amidst this excitement, Mpeppe (MPEPE) is also displaying significant momentum, suggesting that traders might be gearing up for another rally. This article explores the dynamics of these two tokens and what the future holds for them.

The Rise of Bonk (BONK)

Recent Surge

Bonk (BONK) has captured headlines with its impressive 15% increase in a single day. This surge reflects the growing interest in meme coins and the potential they hold for substantial returns. Bonk (BONK) has built a dedicated community and leveraged social media hype, propelling its market value.

Community and Hype

The community behind Bonk (BONK) plays a crucial role in its price movements. The collective enthusiasm and active participation in promoting the token contribute to its volatility and potential for rapid gains. However, this also means that Bonk (BONK) is susceptible to sudden drops, making it a high-risk, high-reward investment.

Mpeppe (MPEPE) Gaining Traction

Strong Momentum

While Bonk (BONK) enjoys its moment in the spotlight, Mpeppe (MPEPE) is steadily gaining traction. Mpeppe (MPEPE) has managed to carve out a niche for itself by combining meme culture with sports fandom, particularly drawing inspiration from soccer star Kylian Mbappé. This unique positioning sets it apart from other meme coins and attracts a diverse range of investors.

Strategic Tokenomics

Mpeppe (MPEPE) is designed with strategic tokenomics to ensure long-term growth and stability. With a maximum supply of 7.6 billion tokens and an initial price of $0.0007, Mpeppe (MPEPE) is accessible yet promising. The token distribution, which includes allocations for presale, liquidity, and sports-related activities, aims to foster a vibrant and engaged community.

Opportunities in a Volatile Market

Trader’s Paradise

The current volatility in the crypto market presents significant opportunities for traders. The rapid price movements of tokens like Bonk (BONK) and Mpeppe (MPEPE) create potential for high returns if traders can accurately predict and time their trades. This environment rewards those who stay informed and react quickly to market changes.

Diversification Strategies

Given the high-risk nature of these investments, diversification is key. Traders should consider spreading their investments across multiple tokens to mitigate risk. By including both established tokens like Bonk (BONK) and emerging ones like Mpeppe (MPEPE), traders can balance their portfolios and enhance their chances of capitalizing on market rallies.

The Future of Mpeppe (MPEPE) and Bonk (BONK)

Sustained Growth

For Mpeppe (MPEPE) to continue its upward trajectory, maintaining community engagement and delivering on its promises will be crucial. The token’s focus on sports and entertainment offers a unique appeal that can attract long-term supporters. Similarly, Bonk (BONK) must sustain its community-driven momentum and capitalize on its current hype.

Potential Catalysts

Both tokens could benefit from broader market trends and external catalysts. For instance, regulatory developments, partnerships, or major endorsements can significantly impact their prices. Staying attuned to news and market sentiment will help traders identify and leverage these opportunities.

Benefits for Traders in a Volatile Market

Volatility in the crypto market can be daunting, but it also offers unmatched opportunities for profit. Traders who understand the market dynamics and can anticipate price movements stand to gain the most. Tools such as technical analysis, market sentiment indicators, and staying informed about news and developments are invaluable.

Risk Management

Effective risk management strategies, including setting stop-loss orders and diversifying portfolios, are essential for navigating a volatile market. By mitigating potential losses and maximizing gains, traders can enhance their overall profitability.

Conclusion

As Bonk (BONK) surges and Mpeppe (MPEPE) gains momentum, traders are presented with exciting opportunities. The unique value propositions of these tokens, combined with the current market volatility, create a fertile ground for substantial returns. For those interested in exploring the potential of Mpeppe (MPEPE), the smart contract address is 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B. Join the Mpeppe (MPEPE) community and be part of the next big success story in the crypto world.

For more information on the Mpeppe (MPEPE) Presale: 

Visit Mpeppe (MPEPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://twitter.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Sovereign Nature Initiative (SNI) has announced its partnership with Unique Network and WalletConnect on Polkadot. DOTphin, which will make its official debut at Polkadot Decoded 2024, will use NFTs to improve the environment for the better. Strong community support via Polkadot OpenGov led to the approval of this initiative.

DOTphin, which is driven by dynamic NFTs, is intended to improve event participation and have real-world ecological effects. The project links sustainability and digital evolution by turning attending an event into an interactive adventure. Events become more rewarding as a consequence, and user involvement rises.

DOTphin is a dynamic, eco-linked multi-pass that aids in the restoration of biodiversity. Each pass comes with an avatar, represented by an NFT, that changes over time via a sequence of real-world and digital events that enhance the Polkadot ecosystem’s sustainability and foster community involvement.

On July 11, participants of Polkadot Decoded 2024 will get eco-badges as part of the official DOTphin launch. These serve as the keys that unlock exclusive DOTphin NFTs. A complimentary Decoded ticket and first POAP are available to EthCC ticket holders. This will let them to access a multi-event, multi-month journey that will aid in marine conservation activities.

DOTphin is a sustainability-focused initiative that complements Polkadot’s reputation as a low-carbon, green blockchain. Aimed at eco-aware consumers and investors, DOTphin presents a further use for Polkadot technology and highlights the potential benefits of blockchain technology for the environment.

Each token changes in response to user interaction because of DOTphin NFTs’ dynamic design, which offers a customized and engaging experience. The ecological benefits of each digital interaction are tangible, as funds are allocated to marine conservation. Holders of DOTphin may monitor activity and verify the status of their NFT by using the specially built REAL Portal.

Through the integration of emerging NFTs with real-world species data, DOTphin seeks to demonstrate how blockchain technology may have a beneficial ecological effect. Through the integration of web3 technology and ecological stewardship, DOTphin is breaking new ground in the use of NFTs and bringing like-minded people together to work together toward common objectives.

DOTphin will formally debut on July 11 at Decoded and will proceed to eight other blockchain events, including sub0, Token 2049, and DevCon.