Are you prepared to explore the exciting realm of cryptocurrencies? As Bitbot faces high competition and Toncoin is grappling with price volatility, investors are looking for more dependable options as they pursue stability and higher returns. Here comes MoonBag (MBAG), the rising star of the crypto world who raised over $2 million during its presale in just one month. Given its eye-catching profit forecasts, it makes sense that investors are drifting towards MoonBag. Join the MoonBag presale in its 5th stage if you want a spot in the top crypto presale. Do examine the reasons behind MoonBag’s popularity among crypto users. Bitbot Faces Competition from Well-Known Platforms Bitbot’s presale ended recently. Bitbot allows users to trade low-cap gems automatically and find high-potential presale opportunities with Gem Scanner and Snipe Tool, maximising profit potential. But Bitbot finds it challenging to attract and retain users because it faces tough competition from well-known platforms like Banana Gun and Unibot. Furthermore, concerns regarding the long-term distribution and potential centralization of tokens are raised by Bitbot’s purposeful distribution of its token supply. These components highlight Bitbot’s competitive landscape and obstacles to market entry. Toncoin Faces Intensified Selling Pressure The price of Toncoin has fluctuated dramatically, falling due to significant realised profits and a lack of confidence among investors. A decrease in daily active addresses indicates that network engagement is declining, which worsens this price volatility. Additionally, the network’s ability to acquire new users has slowed noticeably as its growth has slowed. The surge in profits realised by investors has intensified selling pressure, further driving down the coin’s value. MoonBag Presale’s $2 Million Victory in Just a Month: An Adventure to the Top Crypto Presale! Are you prepared to take a thrilling trip into the crypto world? You need to look no further than MoonBag (MBAG), which is now in its fifth presale phase and priced at just $0.0002. Over $2 million has already been raised in just a month, and early investors have seen an amazing 750% profit increase. To add up, analysts predicted MoonBag would hit $0.25 by November. Isn’t that great? However, the journey doesn’t end there! Investors can expect an exciting ride with a 50% price increase at the next stage. There has never been a better moment to join the MoonBag presale, with prices expected to rise and profits expected to soar each subsequent stage. Your investment journey will undoubtedly be even more rewarding with 0% tax. Why then wait? With MoonBag crypto, immediately reserve your place in the top crypto presale and sail toward bigger profits! Moreover, at MoonBag, tokenomics is about building a robust and sustainable economy, not just numbers. Twenty percent of the funds raised in the public presale will guarantee liquidity, 75 percent will fund marketing campaigns, and five percent will go toward operating costs to maintain service. This tactic ensures MoonBag crypto’s prosperity and pays back the community for its support and confidence. How to Buy MBAG Coins? Looking to hop aboard the MoonBag train and snag some $MBAG coins? Here’s your ride ticket: Set up a crypto wallet like MetaMask or Trust Wallet. Once you’re all set, link your wallet to the MoonBag website. Ensure you have enough ETH, BNB, MATIC, or USDT to trade for $MBAG coins. Select the amount of MBAG coins you want and confirm the transaction. All aboard! Get ready to earn crypto with MoonBag Referrals! Securely connect your wallet and share your unique referral code with people you know. When someone uses your code, they get 10% extra MBAG coins! Plus, you’ll be entered into the monthly leaderboard to win amazing prizes. Join the referral program today and start earning rewards! Conclusion Given Bitbot and Toncoin’s difficulties, investors are looking for stability and better returns. MoonBag crypto is a rising star that raised over $2 million during its presale in just one month. Excited analysts anticipate a climb to $0.25 by November, and they find MoonBag to be an excellent option due to its ability to make huge profits and strong community support. Join the MoonBag presale to embark on an exciting journey that ensures you the top crypto presale. Join MoonBag Presale Website: MoonBag.org Presale: MoonBag Presale Telegram: https://t.me/moonbag_official Twitter: https://twitter.com/moonbag_org

The post MoonBag’s Top Crypto Presale Victory: $2 Million Raised in Just 1 Month Defying Bitbot and Toncoin Turbulence! appeared first on Blockonomi.

Following the AO supercomputer announcement, Arweave’s price has soared, demonstrating its enhanced integration and technological prowess. Concurrently, Optimism (OP) is capturing attention with significant growth and new potential partnerships, signaling its future as a top cryptocurrency contender. In this vibrant setting, BlockDAG stands out with a booming $49.2 million presale, driven by the release of its trailblazing X1 mining app’s beta version. These strides are positioning BlockDAG as a leader in accessible cryptocurrency mining, setting new industry benchmarks. Arweave Rises with AO Supercomputer Announcement  Arweave has seen a significant uptick in its token’s value, climbing 20% since the AO supercomputer launch date was set for June 13. This initiative will introduce the AO token on the Arweave blockchain, aiming to enhance the scalability and processing capabilities of blockchain technologies. The AO token, with a total supply mirroring Bitcoin’s 21 million and a halving cycle every four years, is poised to maintain Arweave’s upward price trajectory as it broadens its technological offerings, blending conventional blockchain security with high-level computational features. The Arweave token’s climbing price reflects rising investor confidence in its long-term potential and the wider ecosystem. Optimism Gains Momentum with ProtoLayers Potential Partnership Optimism (OP) has demonstrated impressive growth, surpassing the critical $2.50 price threshold, thereby underscoring its potential for further gains. This significant milestone was reinforced by ProtoLayers designating Optimism as the official Scalability Sponsor for their forthcoming conference. Over the past week, Optimism’s value surged by 10%, and current trends indicate that this upward trajectory may persist. Industry experts remain bullish, predicting that Optimism’s price could soar to as much as $3.56 by the end of 2024, positioning it as a prominent player in the continuous evolution of the cryptocurrency market. These advancements have sparked considerable interest in OP, establishing it as an attractive investment choice. BlockDAG’s X1 App Redefines Mining Standards  BlockDAG has unveiled the beta version of its X1 mining app, turning smartphones into powerful mining devices. This innovation marks a significant milestone in BlockDAG’s mission to democratize the mining of cryptocurrencies, allowing global users to mine BDAG coins directly on their mobile devices. The X1 app’s launch is a giant stride towards making crypto mining more inclusive and accessible, aligning with BlockDAG’s vision for technological advancement. Available for download on both Android and Apple platforms, the X1 app offers a streamlined interface that includes OTP verification, access to presale tokens, and a dynamic referral system that rewards community growth. This innovation not only boosts user engagement but also strengthens BlockDAG’s competitive edge in the crypto market, equipping everyday users to actively participate in the crypto economy. Furthermore, BlockDAG is expanding its scope beyond just mining; it is enhancing the development of decentralized applications (dApps) across various sectors like logistics and finance, through its sophisticated ecosystem. The platform’s user-friendly design, equipped with powerful tools and APIs, empowers developers and tech enthusiasts to effortlessly connect and innovate on the decentralized web. Reflecting its innovative approach, BlockDAG’s presale success has been significant, with a strong financial backing that underscores its market potential. Having sold over 11.4 billion coins across 18 batches and seeing a price surge tenfold since its inception, BlockDAG is quickly establishing itself as the prime cryptocurrency for the future, transforming user interactions with blockchain technology. The Bottom Line  To wrap it up, As Arweave experiences a boost in value post-AO supercomputer launch, and Optimism teases potential collaborations, BlockDAG sets itself apart with an impressive $49.2 million in presale funds. At the forefront with its innovative X1 mining app, BlockDAG asserts itself as a leading contender in the cryptocurrency market. With momentum building in its presale efforts, now presents a prime opportunity to explore investments in BlockDAG, offering the promise of substantial rewards in the ever-evolving crypto arena. Currently in its 18th issuance and valued at $0.0122 per unit, BlockDAG has rapidly emerged as a top cryptocurrency contender for 2024. Invest in the BlockDAG Presale Now: Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetwork Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG X1 Miner Beta App Dominates Crypto Trends as Presale Hits $49.2M; Arweave and Optimism Showcase Market Strength appeared first on Blockonomi.

As a virtual investor, how well-versed are you in knowing the latest information about the crypto world? For some people, it can be a difficult task to keep up. So many news projects keep popping up every day and it’s hard to pick a crypto that will best meet your needs. But those who have ventured deep into the top meme coin presale in 2024 know that the hot topic in the crypto world has been centring around BitBot, Polkadot, and the MoonBag coin. Now the news about these coins is not all that great – except for MoonBag. After generating more than $2 million within a month, the MoonBag presale has been recognised as the top meme coin presale in 2024. In fact, many investors have already started cashing in MoonBag presale to become early VIP customers and have the chance to obtain passes to exclusive events, awesome airdrops, and so much more! Let’s find out how MoonBag (MBAG) makes its way to the top with amazing offers that have knocked out BitBot (BITBOT) and Polkadot (DOT). BitBot Falls Behind Expectations The other coins that were also part of the meme coin presale, such as BitBot (BITBOT), were not able to reach the same level of fame as the MoonBag crypto. While BitBot does offer good security, the coin itself is extremely volatile, and most of its value depends on the support of its community. In other words, if the community stops supporting BitBot, the coin will lose its value. To make matters worse, many people are beginning to move away from BitBot after learning that the MoonBag can potentially reach $1 after the strategic buy back and burn strategy they have implemented — something that crypto experts don’t see happening with BitBot anytime soon. Polkadot Progresses at Snail’s Pace The Polkadot (DOT) network’s original aim was to enhance seamless communication within its network. Yet, investors have seen firsthand, in their experience investing in cryptocurrency, that the coin has shown little to no signs of growth since its inception. And that’s not all. In fact, the coin has been experiencing a downtrend for more than two years now, failing massively after it was at its all-time high around the end of 2021. Moreover, the coin currently stands at a little over $5 – the lowest point it has ever reached. MoonBag’s Glorious Rise as the Top Meme Coin Presale in 2024! The MoonBag meme coin became an all-time favourite for investors as the top meme coin presale in 2024. Since the coin offers an APY of 88%—an ideal staking rate—many crypto enthusiasts have been seen cashing out of other crypto coins and making their way to the MoonBag presale. And while its staking rates are amazing, that is not the only thing MoonBag has to offer during the top meme coin presale in 2024. It has introduced the Saturn V Rocket – a new feat of technological advancement that promises a new age in the crypto universe. Passengers boarding the rocket with their $MBAG coins can access the most impenetrable machine made to keep passengers safe at all times. Simultaneously, it also ensures they can connect and open up lucrative trading opportunities with different coins, tokens, and DeFi platforms from all over the galaxy! Refer and Win with MoonBag Presale  Investors can earn more crypto coins by participating in MoonBag’s referral programme. By connecting their wallets to get referral codes and sharing those codes with anyone, investors can gain 10% extra MBAG coins for every code used! Everyone who joins the MoonBag presale using the referral code also gets 10% extra MBAG coins. So, everyone’s a winner with MoonBag! Conclusion  During the top meme coin presale in 2024, it has become pretty evident that MoonBag has skyrocketed past coins like BitBot (BITBOT) and Polkadot (DOT), pulling away their investors to join the MoonBag presale and further glorifying its success to the world. And with additional perks offered by MoonBag (MBAG), such as its zero tax policy, 15,000% ROI, and more, investors do not want to miss out on this amazing presale as this could be a once-in-a-lifetime opportunity! Invest in MoonBag Presale: Website: MoonBag.org Presale: MoonBag Presale Telegram: https://t.me/moonbag_official Twitter: https://twitter.com/moonbag_org

The post Top Meme Coin Presale in 2024: MoonBag’s $1 Price Prediction Lures BitBot and Polkadot Investors appeared first on Blockonomi.

The price predictions for Binance coin suggest that it may take a few years to see a significant surge. Meanwhile, GameStop’s stock saw a surge following Roaring Kitty’s announcement. Amidst this news, BlockDAG‘s (BDAG) Keynote 2 and its advanced mining solution have captured the crypto world’s attention, driving presale success to $49.2 million and an 1120% price surge by Batch 18. Released from the moon, Keynote 2 highlighted BlockDAG’s innovative developments and updates, gaining the immense trust of the investors. These advancements have significantly boosted interest in BlockDAG, making it the best presale crypto in 2024. Binance Coin Expects to Face Price Surge Binance Coin (BNB) is projected to experience significant growth over the next few years. Analysts forecast a rise from its current price of $646.48 to over $2,000 by 2026, driven by strong market sentiment and utility on the Binance platform. Long-term predictions suggest a potential value exceeding $8,000 by 2030, reflecting sustained demand and strategic coin burns reducing supply. GameStop Price Prediction   GameStop (GME) saw a significant price increase following the announcement of a YouTube livestream by Keith Gill, known as ‘Roaring Kitty’. GME’s stock rose 47% to $47.55, while its Solana-based meme coin surged 124% to $0.0298. The GME price remains above key moving averages, indicating strong bullish momentum. Investors are closely watching the developments as GME enters a price discovery phase with potential further gains. BlockDAG’s Keynote 2 & Advanced Mining Ignite Interest BlockDAG’s Keynote 2 has sparked a significant surge in interest and engagement within the cryptocurrency community, directly contributing to the success of its presale, which has now raised $49.2 million. Priced at $0.0122, the presale has driven a remarkable price surge of 1120%, from $0.0001 in batch 1 to $0.0122 in batch 18. Currently raising over $500k per day, projections suggest that the new keynote’s immense success could boost daily earnings to $5 million. The presale is expected to wrap up in the next four months for the early mainnet launch. The keynote is based on BlockDAG’s commitment to innovation and transparency, highlighting blockchain updates, the upcoming team reveal, and global marketing efforts. It showcased significant roadmap enhancements and detailed their unique Directed Acyclic Graph (DAG) for Proof-of-Work consensus, enhancing scalability and security. Among many other announcements, the keynote also discussed BlockDAG’s innovation and its X30 Miner – a high-powered, advanced ASIC technology device designed to enhance mining efficiency with a robust 280 GH/s hash rate. It mines 600 BDAG coins per day and features a compact design, low power consumption, and operates efficiently within a moderate temperature range. With connectivity options via Wi-Fi or Ethernet, the X30’s low noise level and lightweight build make it ideal for both home and professional use, offering a potent, efficient, and scalable mining solution. With a robust mining solution like X30 Miner, its advanced technology and efficient design, BlockDAG’s dedicated to constant development and innovation which stand out as a unique feature in the crypto world. Final Words While Binance coin price predictions reveal years until its breakout and GameStop’s stock see a surge,  BlockDAG is making significant strides as its Keynote 2 goes viral. This has significantly increased interest and investment in the crypto space. The successful $49.2 million presale and 1120% price surge since the initial batch underscore the strong belief in BlockDAG’s vision to reshape blockchain technology. As BlockDAG continues to push boundaries, it presents a compelling opportunity for its community to join this transformative journey toward a decentralized future, solidifying its position in as the best presale crypto in 2024. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Keynote 2 Boosts Investor Interest Amid Dramatic Price Surge of 1120% Since Batch 1; Can Binance & GameStop Compete? appeared first on Blockonomi.

George Town, Cayman Islands, June 12th, 2024, Chainwire

The VGX Foundation has announced a partnership with popular web3 game Honeyland, offering rewards utilizing the VGX token for their players.

VGX is a token that bridges multiple chains and is focused on bridging utility across GameFi and gaming ecosystems.

Honeyland is a popular blockchain-based casual strategy game available on iOS and Android, and one of the top games on Solana. With the new partnership, holders of Genesis Eggs, Bees, or Queens based on a snapshot of holders taken at 17:00 UTC on June 6, 2024, will receive VGX rewards. Thanks to the previously announced partnership with Gala Games, players receiving VGX will be able to take their VGX to Gala Games, where they can purchase a Voyager: Ascension season pass unlocking the ability to earn GVGX rewards.

In addition to the VGX reward for Genesis holders, from June 12 to June 19, there will be a free VGX cosmetic trait available to all Honeyland players in the Honeyland Cosmetic Shop: a VGX-themed “Mad Hatter” style hat. The cosmetic trait can be fused to any Bee, and by doing so will boost the Capacity trait for the Bee.

“We’re always looking for new ways to reward Honeyland players,” said Corey Wright, CEO at Honeyland. “Thanks to this partnership with the VGX Foundation, we’re able to offer exciting new rewards to our players whether they’ve been with us since the beginning, or are joining today.”

The VGX Foundation’s mission is to increase the number of projects integrating and using the VGX token, growing the number of users able to access and use the token across web3 gaming. For more information, visit www.vgxfoundation.com.

For media inquiries, please contact Melrose PR at (310) 260-7901 or Info(at)Melrosepr(dot)com

About VGX Foundation

The VGX Foundation leads the evolution of decentralized gaming economies through its dynamic blockchain-based gaming token, VGX. Serving as an in-game currency and reward mechanism, VGX empowers diverse gaming communities. The VGX Foundation actively fosters growth by facilitating grants and partnerships for game developers and platforms, enabling the expansion of the token’s use case and nurturing a thriving VGX ecosystem.

Contact

Account Director
Jonthan Duran
Melrose PR
jonathan@melrosepr.com

The post VGX Foundation and Honeyland Partner to Offer VGX Rewards for Players appeared first on Blockonomi.

As Uniswap (UNI) price overcomes bearish outcomes, the GALA crypto prediction shows a potential surge. However, these speculations fail to quench investors’ thirst for high-ROI cryptocurrency investments. BlockDAG bridges this uncertainty gap by bringing a clean 1120% price surge since its batch 1, a direct result of BlockDAG’s extensive influencer endorsements, global marketing moves, innovative technology and a sensational keynote ‘from the moon’. This record-breaking investment trajectory has crowned BlockDAG as the top crypto presale of the year with analysts speculating a 30,000x ROI projection. Uniswap (UNI) Price Averts Bearish Outcomes  By rallying 20%, the Uniswap (UNI) price recently managed to avert a massive bearish outcome. UNI’s price has now risen to $11.19 after falling below $10. This slight surge prevented a bearish MACD crossover, eventually restoring investor confidence and triggering a slight increase in investor participation. However, UNI is not fully out of danger just yet. The crypto still faces a crucial test at the $11.6 resistance level. Breaching this level could propel UNI to re-hit $12 and potentially reach $13.1. Conversely, more price dips may follow if the resistance remains unbreached. GALA Crypto Prediction: Bullish Reversal Ahead? The GALA crypto prediction reveals a potential bullish reversal as the crypto consolidates within a Darvas box range, indicating an upcoming breakout. Integral to the Gala Games Ecosystem, GALA has seen a modest 7.10% surge in trading volume in the last 24 hours. Although the crypto is still 94.33% below its previous all-time high of $0.8248, it has demonstrated impressive resilience by locking support at $0.0400. GALA could potentially reach between $0.0700 and $0.0850 if Bitcoin maintains price stability. Conversely, it could suffer further declines if it fails to cross the $0.0400 support. Viral Influencer Endorsements Drive 1120% Surge for BlockDAG In an ultra-competitive market where cryptos rise and fall in the blink of an eye, BlockDAG boasts a robust DAG-based PoW consensus to secure a stable, long-term footing. The platform further bolsters its ROI capabilities through powerful influencer endorsements and a series of high-impact global marketing moves. A recent insights-packed video by top YouTube influencer, Crypto Sanky, in particular, has unlocked a huge flood of investors to BlockDAG’s platform. The video dissects BlockDAG’s sensational moon-themed Keynote 2. With the keynote playing in the backdrop, the presenter marvels at BlockDAG’s X1 beta app launch, cutting-edge blockchain updates, recognition from Forbes and Bloomberg, and the highly anticipated Mainnet launch. Viewers see how BlockDAG’s directed acyclic graph architecture beats traditional blockchain structures at facilitating lightning-fast transactions and heightened scalability. Influencer Sanky familiarizes fans with BlockDAG’s intuitive BDAG calculator that lets users see the ROI they may potentially glean based on their current investments. Crypto Sanky also unravels BlockDAG’s comprehensive Whitepaper 2, which clearly explains how BlockDAG aims to resolve the blockchain trilemma of speed, security, and scalability via a combination of Layer 1, Proof-of-work, and DAG-based innovations. Aside from powerful influencer endorsements, BlockDAG has achieved the top crypto presale status through three smash-hit showcases in Tokyo, Las Vegas, and London. Tokyo’s Shibuya Crossing was lit up with BlockDAG’s viral Keynote 1, uncovering the platform’s exciting product offerings and a solid $600 million roadmap for 2024. The Las Vegas Sphere event celebrated the launch of the revolutionary DAGPaperV2. In London’s Piccadilly Circus, BlockDAG celebrated its CoinMarketCap listing in style. These three global events eventually set the stage for BlockDAG’s unforgettable moon-shot Keynote 2, which influencer Sanky so eloquently discussed in his video. The blend of influencer endorsements, global hotspot appearances, and a moon-shot keynote eventually led to BlockDAG’s presale success, triggering an 1120% ROI across its presale batches. The crypto is currently valued at $0.0122 per coin, up from batch 1’s $0.001 price. Such a performance has led top analysts to speculate a 30,000x ROI in the coming years. Wrapping Up  The current market optimism is tinged with massive uncertainties. While the Uniswap (UNI) price overcomes a bearish outcome, the GALA crypto prediction braces for a potential bullish reversal. However, BlockDAG’s crystal clear 1120% surge and potential for 30,000x gains have garnered significant investor confidence in the crypto’s long-term future. Recent endorsements from prominent influencers and global marketing activities have further bolstered this confidence, making it the top crypto presale of the year. Currently priced at $0.0122 in batch 18, BlockDAG has sold over 11.4 billion coins and raised over $49.2 million. Invest in the BlockDAG Presale Now: Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetwork Discord: https://discord.gg/Q7BxghMVyu

The post Influencer Endorsements & Global Showcases Bolster BlockDAG’s 30,000x ROI Projections; UNI & GALA Prediction Reveal Optimism appeared first on Blockonomi.

DTX Exchange, a new presale project, is combining TradFi with DeFi, by using a hybrid decentralized exchange model. Why is that important? Because it allows you to do all kinds of things you normally can only do with a brokerage or centralized exchange. And it’s on the blockchain.

This brings a series of benefits which we will explore, as we ask the question, is DTX Exchange the next BNB (Binance Coin)? And can the DeFi coin presale match the returns of Binance’s ICO? Given that BNB recently hit its all-time high of over $700 per coin?

The Problems with Centralized Exchanges like Binance

For many in the crypto community, Binance is a much-loved exchange. Former CEO ‘CZ’ was one of crypto’s heroes.

And then the regulators came.

First, they targeted Binance’s partners, meaning that many in the EU and UK still cannot offramp using Binance. Next, they came for Paxos, the company Binance was using to support its DeFi stablecoin BUSD.

Finally, they came for Binance themselves, digging up a ton of dirt that resulted in huge fines for Binance and the resignation of CZ.

Whether you agree or not with the findings and allegations of the CFTC (Commodity Futures Trading Commission), one thing is clear – sections of the US and world governments don’t want their people to have easy access to crypto. US citizens often face restrictions in trading, and it seems that regulators around the world are starting to follow suit.

And yet the rising price of DeFi coin BNB shows just how much traders want access to leverage and cryptocurrencies.

Ultimately, though, crypto investors would do well to remember the maxim ‘not your keys, not your crypto’.

While you hold your money with any centralized exchange, you risk have your assets frozen or restricted. With a decentralized exchange your money is really your own.

Is DTX Exchange the solution?

Web3 is a concept that seeks to fuse tech with inclusivity. By putting a brokerage and exchange on the blockchain, people get back their power. And that’s what DTX Exchange is doing.

The decentralized and permissionless features of the blockchain means that no KYC is needed. This combined with access to shares, forex, equities, bonds, CFDs and other leveaged products means that people have the freedom to trade whichever assets they want, however they want, without being watched or nannied.

DTX are using the experience of Binance to make sure they also have a focus on keeping their community united and safe. With trading bots, educational resources to overcome emtional trading and risk management tools DTX are aiming to put their users first. Regardless of the user experience levels.

DEXes (Decentralized Exchanges) are not new to crypto, and are in fact essential for DeFi and DeFi coins. Uniswap is most popular DEX across various chains with a TVL (total Value Locked) of over $5 billion.

And yet their functionality is limited. They have the benefits of no KYC and privacy but no options for trading with futures or non crypto assets.

As a hybrid exchange that DTX calls ‘holistic’ they are establishing themselves as potentially one of the most important upcoming DeFi coins of 2024 and beyond.

DTX Exchange is in its second phase of presale, up 500% from the start. 1 DTX DeFi coin is currently changing hands at $0.04, and with a launch price of $0.12 that’s a further 200% upside before it even gets going.

Considering that BNB started its presale at $0.15, and over the years has aprreciated by around half a million precent, and that Uniswap’s DeFi coin UNI has a marketcap of $7 billion, DTX Exchange’s presale could be a one off opportunity to invest in the future of crypto.

Visit Presale

The post Reshaping the Future of Investments: How DTX Exchange is Bringing Together Conventional and Crypto Assets appeared first on Blockonomi.

The once-booming memecoin market, spearheaded by Dogecoin (DOGE) and Shiba Inu (SHIB), seems to be losing its momentum. While DOGE and SHIB retain a loyal following, their prices have plummeted significantly, leaving investors questioning their long-term value.

However, a new player is emerging in the cryptocurrency space, offering a compelling alternative for memecoin enthusiasts seeking higher returns and more sustainable investment – Algotech (ALGT). Let’s explore what this AI-powered project is bringing to the table!

Dogecoin Price Slumps Despite Potential X Integration – Can it Recover?

Dogecoin (DOGE) is facing a period of uncertainty. The price has been steadily declining, with technical indicators suggesting a bearish trend. DOGE has fallen below its 100-day Exponential Moving Average (EMA), currently sitting at $0.144, and is now approaching its next critical support level at the 200-day EMA of $0.13.

This decline is further compounded by weakening trading volume, indicating a lack of significant buying pressure. While the Relative Strength Index (RSI) suggests a potential short-term bounce as it nears oversold territory, the overall market sentiment remains negative.

This downward trend is puzzling considering the potential for wider adoption of DOGE. The anticipated implementation of DOGE in the X payments system could be a significant catalyst for growth. Whether DOGE can recover its momentum hinges on a shift in market dynamics or a renewed sense of optimism from investors.

Algotech (ALGT): Capitalizing on Investor Confidence with AI, Funding Success, and Bitmart Listing

Unlike Dogecoin (DOGE) and Shiba Inu (SHIB), which rely heavily on social media buzz and celebrity endorsements, Algotech (ALGT) offers a more practical and potentially lucrative investment opportunity.

ALGT is a user-friendly AI trading platform that empowers investors of all experience levels with access to sophisticated automated trading strategies. This innovative platform utilizes advanced AI technology to analyze market data, identify trends, and execute trades based on user-defined parameters. This removes the emotional element from trading and allows investors to benefit from market opportunities they might otherwise miss.

The recent success of ALGT’s final funding round raising over $6.5 million speaks volumes about its potential. The platform exceeded its target by a staggering 1200%, a clear indication of investor confidence in ALGT’s technology and future prospects.

The recent announcement of Algotech’s (ALGT) upcoming listing on the Bitmart exchange is a game-changer. Bitmart is a major player in the cryptocurrency world, known for its massive user base, deep liquidity, and robust security measures. This listing grants Algotech, already considered a top ICO, instant exposure to millions of potential investors around the globe.

Conclusion: The Future of Algorithmic Trading

Algotech (ALGT) goes beyond simply being a Dogecoin (DOGE) or Shiba Inu (SHIB) alternative. It represents a paradigm shift in how investors approach the cryptocurrency market. The platform’s AI engine dives deep into market data, analyzing complex trends and identifying potential opportunities that might escape the human eye.

This allows users to create automated trading strategies that can react to market movements in real time, potentially increasing efficiency and profitability. Whether you’re a seasoned investor or just starting, ALGT provides a powerful toolset to navigate the ever-changing cryptocurrency landscape.

For more details about this project:

Visit Algotech Presale

Join The Algotech Community

The post Reversal On The Cards for Dogecoin (DOGE)? Memecoin Investors Pick ALGT Instead For 1200% ROI in Final Round appeared first on Blockonomi.

Lisbon, Portugal, June 12th, 2024, Chainwire

Azuro, the leading liquidity layer for onchain predictions, is using Olas, the principal network for autonomous AI agents, to leverage their AI stack for the development of an autonomous agent capable of operating across the Azuro ecosystem.

Azuro is the frontrunner infrastructure layer for sport and entertainment prediction markets within EVM chains. Over 25 apps are operational on the protocol, with many others already in the works. Its innovative liquidity pool design, sophisticated tooling and oracle solutions allow apps to deploy without upfront investment or running costs, saving them valuable development resources that can be directed to user acquisition, engagement and monetization instead.

Transaction volumes on Azuro have been expanding consistently and rapidly over the past year, standing at $350+ million as of this writing, along with a protocol revenue in excess of $3M+, thus becoming the number 1 revenue-generating protocol on Polygon recently.

Olas, known for its composable stack that supports the development of autonomous services, provides a framework for building advanced autonomous agent technology. These AI agents, while running off-chain, are represented on-chain by smart contracts.

This union offers Olas AI technology the opportunity to access the fastest-growing prediction markets ecosystem. The Azuro AI agent will be capable of learning how to accurately predict outcomes of sports events. To maximize its learning, the agent will be retrofitted with data from Azuro markets. This AI agent, once operational, will be able to autonomously analyze, and operate in prediction markets on Azuro, enriching the ecosystem with data-driven insights and predictive capabilities for all participants.

“We are setting the basis for the development of AI agents that can effectively integrate and operate within the Azuro ecosystem. Long term, this integration could unleash a new era in market analysis and empower new applications for prediction markets beyond sports, such as political forecasting, and other entertainment events,” stated Rossen, core contributor at Azuro.

This is an exciting advancement for developers and users of Azuro prediction markets alike. Aside from the creation of the AI agent, Azuro will host a hackathon to provide tools and frameworks for the development of new autonomous agents and the expansion of use cases in prediction markets.

About Azuro

Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps. With its unique infrastructure layer approach Azuro makes on-chain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs.

For more information or press inquiries:

Website: https://azuro.org/

Docs: https://gem.azuro.org

Github: https://github.com/Azuro-protocol

Onchain activity: https://dune.com/azuro/stats 

About Olas

Olas enables everyone to own a share of AI, specifically autonomous agent economies. Olas is a unified network of off-chain services – like automation, oracles, and co-owned AI. It offers a composable stack for building these services, and a protocol for incentivizing their creation. Olas enables operating these services in a co-owned and decentralized way.

For more information or press inquiries, users can visit:

Website: https://olas.network/

Docs: https://docs.autonolas.network/

Contact

Azuro team
team@azuro.org

The post Azuro Steps Into AI Using Olas to Predict Sports Event Results appeared first on Blockonomi.

London, United Kingdom, June 12th, 2024, Chainwire

Doggy AI (DOGYAI)has swiftly accumulated over $101,000 in its presale shortly after launch, and the DOGYAI team sees this as an encouraging start in the meme coin market.

Built on the Ethereum blockchain, Doggy AI combines meme culture with advanced AI technology. It aims to attract a broad community by offering daily staking rewards, with the potential for participants to enhance their holdings efficiently.

Presale Achievements and Allocation

The presale of Doggy AI has already surpassed $101,000, with no hard cap specified in the whitepaper. Thirty percent of the token’s 69 billion total supply is allocated for the presale. The allocation plan also designates 20% for staking rewards, 10% for community incentives, 10% for exchange liquidity, 20% for marketing efforts, and the remaining 10% for project support and expansion.

Users can purchase DoggyAI $DOGYAI here. 

Innovative Technology Meets Meme Culture: The New Era of Crypto Marketing

Doggy AI is rallying its vibrant community with the goal of ascending to the pinnacle of the meme coin market, showcasing a progressive model of modern community engagement.

This project caters to a wide range of investor profiles by integrating advanced AI technology within a meme coin format. It appeals to both traders interested in high-risk ventures and those focused on long-term value.

Doggy AI aims to emulate the success of similar ventures like Corgi AI and Turbo, which have effectively merged advanced technology with meme culture.

However, Doggy AI stands out from its predecessors in several ways. First, its playful name and branding capture the contrarian essence of memetic culture. Additionally, its staking rewards are designed to mitigate the volatility typical of meme coins.

Staking Rewards and Market Strategy

The staking supply will be gradually released over two years, initially targeting early participants for rewards. The team hopes these rewards will decrease as more users join the staking pool.

However, these significant rewards are reserved for early participants, as the staking benefits will diminish as more users join the staking pool. The team plans for the prices to rise progressively throughout the presale, rewarding early investors with greater value for their investment.

$DOGYAI is currently trading at $0.000289, but the next uptick will occur in one day or when the total raise hits $714,285.71.

Users can follow Doggy AI on X or join its Telegram to stay updated.

Project Name: Doggy AI 

Token Name: $DOGYAI

Deployment Network: Ethereum

Soft Cap: $8,835,000

Hard Cap: $10,000,000

Presale Start Date: 07/06/2024

About DoggyAI

DoggyAI ($DOGYAI) introduces a unique fusion of meme. culture and artificial intelligence to the cryptocurrency ecosystem. By leveraging AI technology and the viral nature of memes, DoggyAI aims to create a fun, engaging, and rewarding experience for its community.

Contact

Marketing Manager
Thomas Bellingham
Doggy AI
Marketing@web-3-media.com

The post Doggy AI Presale Reaches Over $101,000 Shortly After Launch appeared first on Blockonomi.

TLDR

Ava Protocol, a Web3 automation platform, has raised $10 million in Seed+ funding.

The funding round included an initial $5.5 million round followed by an additional $4.5 million in Seed+ funding.

Notable investors in the Seed+ round include Electric Capital, Taisu Ventures, Bloccelerate VC, BingX Exchange, and Shima Capital.

The funds will be used to develop Ava Protocol’s intent-centric, event-driven Eigenlayer AVS for private autonomous transactions on Ethereum and other blockchains.

Ava Protocol’s testnet already supports over 10,000 unique wallets and sees more than 1,000 automated transactions daily.

Ava Protocol, a Web3 automation platform previously known as OAK Network, has successfully raised $10 million in Seed+ funding to fuel the development of its innovative technology.

The funding round consisted of an initial $5.5 million round followed by an additional $4.5 million in Seed+ funding, highlighting the growing interest in Ava Protocol’s mission to revolutionize private autonomous transactions in the Web3 space.

The Seed+ round attracted investments from prominent players in the blockchain industry, including Electric Capital, Taisu Ventures, Bloccelerate VC, BingX Exchange, and Shima Capital.

These investors join an already impressive list of earlier backers, such as Polygon co-founder Sandeep Nailwal, Greylock, Foundation Capital, and GSR, who have shown their support for Ava Protocol’s vision.

Chris Li, the founder of Ava Protocol, expressed gratitude towards the investors, stating,

“We’re grateful to our seed and seed+ investors for believing in our vision of bringing composable autonomous transactions to Web3 and for accompanying us on this journey. We’re confident that their faith will be rewarded as we move towards our mainnet and onboard more ecosystem partners who will provide real-world proof of the efficiency that Ava Protocol’s super-transactions introduce for payment and smart contract data.”

The newly acquired funds will be directed towards the development of Ava Protocol’s intent-centric, event-driven Eigenlayer AVS, which aims to facilitate private autonomous transactions on Ethereum and other platforms.

This innovative technology enables cross-chain smart contract automation, allowing contracts to be triggered based on predefined conditions such as time, price, or computation.

The potential applications of this functionality are vast, ranging from executing limit orders on decentralized exchanges to rebasing elastic supply tokens.

Sam Shev, Head of Marketing at Ava Protocol, emphasized the importance of the seed investment, stating,

“With the support of our seed investors, everything is in place to onboard additional partners who will be the first to leverage Ava Protocol’s Eigenlayer AVS. We’re looking forward to discovering the many ways in which builders harness this technology to unlock new use cases spanning DeFi, gaming, insurance, automated trading, and much more.”

Ava Protocol’s testnet has already demonstrated significant traction, with over 10,000 unique wallets and more than 1,000 automated transactions being conducted daily.

This robust activity indicates strong interest and engagement from the Web3 community.

Ava Protocol’s technology supports recurring and automated “super-transactions” for Ethereum without the need for custom code, significantly reducing the time to market for Web3 applications and delivering private automation for any transaction or smart contract function.

The protocol has garnered commitments from more than 30 ecosystem partners who are developing dApps utilizing Ava Protocol’s private payment technology.

The post Ava Protocol Secures $10 Million in Seed+ Funding for Web3 Automation appeared first on Blockonomi.

TLDR

MetaMask has launched a new “pooled staking” feature that allows users to stake Ethereum (ETH) without meeting the 32 ETH minimum requirement.

The pooled staking service enables users to contribute their ETH to enterprise-grade validators operated by Consensys, making staking more accessible to a wider range of users.

According to MetaMask, 99% of ETH holders have less than 32 ETH, and 74% of ETH is currently not staked.

The new feature aims to contribute to the decentralization and security of the Ethereum network by encouraging more users to participate in staking.

MetaMask’s pooled staking service is not yet available in the United States and the United Kingdom due to regulatory considerations, but the company is working to make it available in these jurisdictions.

MetaMask, the popular Ethereum wallet and browser extension, has introduced a new “pooled staking” feature that allows users to stake their Ethereum (ETH) without having to meet the hefty 32 ETH minimum requirement.

The move aims to make staking more accessible to a wider range of users and contribute to the decentralization and security of the Ethereum network.

With MetaMask’s pooled staking service, users can stake any amount of ETH by contributing their funds to enterprise-grade validators operated by Consensys, the blockchain software company behind MetaMask.

This means that users with less than 32 ETH, which is currently worth around $112,000, can still participate in staking and earn rewards for securing the network.

According to MetaMask, 99% of ETH holders have less than 32 ETH, and 74% of ETH is currently not staked.

By providing an accessible and efficient staking solution, MetaMask aims to encourage more users to participate in staking and contribute to the decentralization and security of the Ethereum network.

Matthieu Saint Olive, senior product manager at Consensys, believes that MetaMask’s pooled staking service will benefit Ethereum’s security.

“Having more users staking and more ETH staked is beneficial for Ethereum security,” he told Cointelegraph.

“Also, the underlying validator infrastructure is distributed across multiple cloud providers, multiple regions across the globe, multiple consensus clients and multiple execution clients.”

While staking offers the potential for rewards, it also carries risks. If a validator fails to perform its duties or engages in collusion, it can be “slashed,” resulting in a loss of staked ETH.

However, Saint Olive emphasized that Consensys’ validators have been operating smoothly since 2020 without any slashing incidents.

MetaMask’s pooled staking service offers flexibility, allowing users to unstake their ETH at any time, subject to the Ethereum validator exit queue protocol. Users can also easily monitor their balances and rewards within the MetaMask Portfolio interface.

Despite the convenience of the new service, it is not yet available for users in the United States and the United Kingdom due to regulatory considerations. MetaMask is working to make the service available in these jurisdictions as soon as the regulatory landscape becomes clearer.

In a previous interview with Cointelegraph, Consensys CEO and Ethereum co-founder Joseph Lubin compared the new service to liquid staking, suggesting that it may be more convenient.

“You can kind of flip a switch and you are able to, in a pretty liquid way, allocate small amounts or large amounts of Ether and pull them back really quickly,” Lubin said.

As the Ethereum network continues to evolve and grow, MetaMask’s pooled staking service represents a significant step towards making staking more accessible and inclusive. By encouraging more users to participate in securing the network, MetaMask is contributing to the decentralization and long-term sustainability of the Ethereum ecosystem.

The post MetaMask’s Pooled Staking: Lowering the Barrier to Ethereum Staking appeared first on Blockonomi.

TLDR

Crypto.com has received approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP).

The VASP approval allows Crypto.com to expand its services in Ireland, including crypto-to-fiat exchanges and fiat wallets.

Crypto.com joins several other major crypto firms regulated by the Central Bank of Ireland, such as Coinbase, Ripple, Gemini, and MoonPay.

The approval demonstrates Crypto.com’s commitment to compliance and responsible innovation, as it meets the standards for anti-money laundering and combating the financing of terrorism.

Crypto.com serves a global customer base of 100 million people and aims to broaden its offering in Ireland with this new approval.

Crypto.com, a leading cryptocurrency exchange trusted by more than 100 million customers worldwide, has secured approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP).

This approval allows the company to expand its services in Ireland, including offering crypto-to-fiat exchanges and fiat wallets to its users.

The VASP registration indicates that Crypto.com meets the necessary compliance standards, such as implementing measures for anti-money laundering (AML) and combating the financing of terrorism (CFT).

These measures are crucial in the cryptocurrency industry, as digital assets have been known to be used for bypassing laws and sanctions.

Eric Anziani, President and COO of Crypto.com, expressed his excitement about the approval, stating,

“This approval from the Central Bank of Ireland is the latest testament to our commitment to compliance and responsible innovation. We are excited to broaden our offering in Ireland, enabling consumers to engage with the most comprehensive crypto product offering.”

With this approval, Crypto.com joins a growing list of crypto companies regulated by the Central Bank of Ireland. As of June 7, 2024, the central bank has approved 15 entities as VASPs, including major industry players such as Coinbase, Ripple, Gemini, MoonPay, and Zodia.

Crypto.com’s approval comes amid the company’s rapid growth and expanding global presence. The exchange recently surpassed 100 million users globally, a milestone achieved since its inception in 2016.

This success is attributed to its recent marketing campaigns, partnerships with notable personalities, venues, and events, such as hosting NBA and NHL playoffs at the Crypto.com Arena and sponsoring the Formula 1 Crypto.com Miami Grand Prix.

The company has also been actively seeking regulatory approvals in various jurisdictions. In May, Crypto.com received a license from Dubai’s Virtual Assets Regulatory Authority to offer institutional crypto trading, with plans to expand its services for retail investors in Dubai.

The post Crypto.com Receives VASP Approval from Central Bank of Ireland appeared first on Blockonomi.

TLDR

A dormant Bitcoin whale wallet transferred 8,000 BTC (worth $536.5 million) from a Coinbase cold storage wallet to a Binance deposit address after being inactive for over five years.

The wallet originally received the 8,000 BTC in December 2018, when the price of Bitcoin was around $3,750.

The sudden activation of dormant addresses, particularly those transferring funds to exchange deposit addresses, could signal potential selling activity.

Despite the recent transfer, many early Bitcoin wallets remain dormant, with nearly 1.8 million addresses inactive for over a decade, holding approximately $121 billion worth of BTC.

Bitcoin retail demand has dropped to a five-month low, with the average monthly change in demand among retail investors declining to negative 17% over the past 30 days.

A dormant Bitcoin whale wallet has recently awakened after a five-and-a-half-year hiatus, transferring a staggering 8,000 BTC, worth approximately $536.5 million, from a Coinbase cold storage wallet to a Binance deposit address.

The sudden movement of such a large amount of Bitcoin has caught the attention of the crypto community, as it could potentially signal selling activity in the market.

According to data provided by blockchain analytics firm Arkham Intelligence, the Bitcoin address “1ABww1…mCSKq” received the entire 8,000 BTC stash at block 847,490 on June 11.

The wallet then proceeded to transfer all the Bitcoin to the Binance deposit address “15u4H…rMsLa” just one block and 11 minutes later, without making any test transactions prior to the two transfers.

The Coinbase cold-storage wallet originally acquired the 8,000 Bitcoin over dozens of transfers on December 5, 2018, mostly in batches of 200 BTC, when the price of Bitcoin was around $3,750. The recent transfer marked a nearly 1,700% increase from its acquisition price, highlighting the significant growth in Bitcoin’s value over the past few years.

The sudden activation of dormant addresses, particularly those transferring funds to exchange deposit addresses, could indicate potential selling activity. However, it remains unclear whether the Bitcoin wallet owner actually cashed out their holdings.

This is not the first time a dormant Bitcoin whale has awakened in recent weeks. In May, two linked Bitcoin wallets transferred a combined 1,000 BTC, worth $61 million at the time, while a Satoshi Nakamoto-era Bitcoin wallet moved 687 BTC, worth nearly $44 million, to two separate addresses.

According to a report by Chainalysis and Fortune, nearly 1.8 million Bitcoin addresses have been inactive for over a decade, holding approximately $121 billion worth of Bitcoin at current prices.

However, many of these wallet owners may have lost or forgotten the seed phrases required to access their Bitcoin, making it uncertain how much of this value can be retrieved.

Bitcoin retail demand has dropped to a five-month low, with the average monthly change in demand among retail investors declining to negative 17% over the past 30 days.

This shift in demand can be attributed to various factors, such as the upcoming inflation-tracking US Consumer Price Index (CPI) and general market sentiment.

The post Dormant Bitcoin Whale Wallet Transfers $536M to Binance After 5-Year Hiatus appeared first on Blockonomi.

TLDR

Bitcoin and other cryptocurrencies experienced a significant pullback, with BTC dipping to near $66,000.

The crypto market decline is attributed to investors “de-risking” ahead of the May Consumer Price Index (CPI) report and the Federal Reserve (Fed) meeting on Wednesday, June 12.

Historical data shows that Bitcoin tends to drop in value before FOMC meetings and rally post-announcement.

The upcoming FOMC meeting and CPI report are expected to cause volatility in the crypto market, with some analysts predicting a potential rebound in Bitcoin’s price post-announcement.

Bitcoin’s open interest in futures markets has surged to new heights, indicating increased trading activity and potential price surges.

The cryptocurrency market experienced a sharp correction on Tuesday, with Bitcoin (BTC) leading the decline by dipping to a three-week low of $66,170.

The pullback, which triggered over $250 million in liquidations of leveraged derivatives trading positions across all crypto assets, is attributed to investors “de-risking” ahead of the crucial May Consumer Price Index (CPI) report and the Federal Reserve (Fed) meeting scheduled for Wednesday, June 12.

Historical data suggests that Bitcoin often experiences a drop in value before FOMC meetings, followed by significant gains post-announcement.

This pattern has been observed in recent meetings, with Bitcoin surging by 22.07%, 26.34%, 18.09%, and 15.95% after the Fed’s decision to hold interest rates steady.

As the crypto market braces for the upcoming FOMC meeting and CPI report, dubbed “Wild Wednesday” by some analysts, Bitcoin has already dropped 8.25%.

The anticipated volatility has caught the attention of traders and market watchers, with many expecting a potential rebound in Bitcoin’s price post-announcement.

Bitcoin’s open interest in futures markets has surged to a near all-time high of $18.752 billion, signaling increased trading activity and enthusiasm. This rise in open interest is often associated with increased volatility and potential price surges in Bitcoin.

A dormant wallet transferred 8,000 BTC, valued at approximately $535.64 million, to Binance, indicating that significant market players are preparing for upcoming volatility.

A wallet that had been dormant for 5.5 years transferred 8K $BTC ($535.64M) to #Binance 40 mins ago.

The wallet received 8K $BTC on Dec 6, 2018, when the $BTC price was $3,810.https://t.co/zvxAKbHKi6 pic.twitter.com/ZKZHdm4JkR

— Lookonchain (@lookonchain) June 11, 2024

Despite the recent pullback, some analysts remain optimistic about Bitcoin’s prospects. QCP, a hedge fund, noted that the sell-off might present a good opportunity to accumulate coins, while others pointed out that Bitcoin has consistently exhibited notable volatility around FOMC meetings and has often recovered and thrived after the initial uncertainty dissipates.

Bitmex and Binance Decoupling

“Often this kind of phenomenon is seen when whales in Bitmex start to accumulate positions while Binance retail gets washed out.” – By @BQYouTube

Read more ????https://t.co/xpBNMr6465

— CryptoQuant.com (@cryptoquant_com) June 11, 2024

As we all await the Fed’s decision and the release of the CPI report, the cryptocurrency market is poised wild day.

With Bitcoin’s historical tendency to rally post-FOMC and the increased trading activity signaled by the surge in open interest, traders and investors are closely monitoring the market for opportunities amidst the anticipated volatility.

The post Bitcoin BTC to Surge Today? Crypto Market Braces Itself ahead of the FOMC Meeting & CPI Report appeared first on Blockonomi.

TLDR

Itaú Unibanco, the largest bank in Brazil and Latin America, has opened crypto trading to all users of its Íon investment platform.

Users can now buy and sell Bitcoin (BTC) and Ethereum (ETH) directly through the Íon app.

The bank’s decision followed weekly surveys with an initial group of clients, which showed strong support for crypto-related products.

Itaú Unibanco developed its own custody solution for clients’ crypto wallets, ensuring segregated assets for each customer.

The bank is considering adding more cryptocurrencies but is waiting for clear regulations from Brazil’s central bank regarding stablecoins.

Itaú Unibanco, the largest financial institution in Brazil and Latin America, has expanded access to crypto trading on its investment platform Íon.

The bank has made Bitcoin (BTC) and Ethereum (ETH) available to all users who download the Íon app, allowing them to buy and sell these cryptocurrencies directly through the platform.

The decision to open crypto trading to all customers follows a series of weekly surveys conducted by the bank with an initial group of clients.

According to Guto Antunes, head of Itaú Digital Assets, these surveys revealed strong support for crypto-related products, prompting the bank to expand its offering.

Itaú Unibanco has taken a proactive approach to ensure the security of its clients’ crypto assets by developing an in-house custody solution.

Antunes emphasized that the entire custody solution was designed and implemented within the bank, taking into account their fiduciary duty to customers. Each customer is provided with a digital wallet featuring segregated assets, ensuring the safety and independence of their holdings.

While the Íon app has surpassed 3.5 million downloads across Android and iOS devices, the bank has not disclosed the exact number of users. Antunes described the app’s popularity as “significant for the crypto space and surprising,” highlighting the growing interest in cryptocurrencies among the bank’s customer base.

Initially, the offering will be limited to Bitcoin and Ethereum. However, Antunes acknowledged that clients are requesting additional tokens, which the bank is considering pending a thorough regulatory risk assessment.

Regarding stablecoins, Itaú Unibanco is awaiting clear regulations from Brazil’s central bank before proceeding with their inclusion on the Íon platform.

The bank’s entry into the crypto market began in late 2023, with services initially launched for select customers. Itaú Unibanco aims to compete with local entities such as crypto exchange MB, BTG Pactual’s digital assets unit Mynt, and global players like Binance in the Brazilian market.

This move by Itaú Unibanco is expected to accelerate the adoption of cryptocurrencies in Brazil and potentially encourage other financial institutions in the region to follow suit.

The post Brazil’s Largest Bank Itaú Unibanco: Expands Crypto Trading to Platform Users appeared first on Blockonomi.

TLDR

zkSync, an Ethereum layer-2 scaling solution, has faced criticism for its ZK token airdrop distribution.

Critics claim the airdrop lacked sufficient anti-Sybil measures, making it easily farmable.

The controversy has led to a significant drop in zkSync’s total value locked (TVL).

zkSync plans to distribute 17.5% of the total 21 billion ZK token supply to early users through a one-time airdrop.

Despite clarifications from zkSync, some users remain dissatisfied with the allocation and eligibility criteria.

zkSync, an Ethereum zero-knowledge (ZK) layer-2 scaling solution, has come under fire following the announcement of its ZK token airdrop.

The project, which aims to reward long-time supporters since its Mainnet development in 2023, has faced criticism from industry experts and rival networks for its perceived lack of anti-Sybil measures and unfair token distribution.

Mudit Gupta, the information security chief of rival layer-2 network Polygon, described the ZK token airdrop as possibly the “most farmable and farmed airdrop ever,” claiming that zkSync had “almost no Sybil filtering.”

zkSync airdrop is out.

Most farmable and farmed airdrop ever probably.

Almost no sybil filtering as far as I can see.

Anyone who knew the criteria could've easily farmed the shit out of it.

Makes you appreciate what LayerZero is trying to do with sybil filtering.

— Mudit Gupta (@Mudit__Gupta) June 11, 2024

This sentiment was echoed by Cinneamhain Ventures partner Adam Cochran, who stated that the airdrop criteria were “easy to not hit as a real user, and easy to hit as a farmer.”

I love the zkSync guys but damn that was not a well planned airdrop from a sybil perspective.

Those criteria are easy to not hit as a real user, and easy to hit as a farmer, and had no anti-sybil program.

Real users could easily use 1-2 dapps or only a handful of tokens on your… pic.twitter.com/PiqprIbKJ3

— Adam Cochran (adamscochran.eth) (@adamscochran) June 11, 2024

The controversy surrounding the airdrop has led to a significant drop in zkSync’s total value locked (TVL).

According to DeFiLlama, the TVL fell from nearly $200 million to around $128 million following the announcement of the ZK token distribution details. This decrease in TVL indicates a loss of confidence among users who felt marginalized by the distribution strategy.

zKSync TVL from DefiLlama

zkSync has announced that 17.5% of the total 21 billion ZK token supply will be distributed to early users through a one-time airdrop on June 17.

The project clarified that 89% of this allocation is intended for users who have made significant network transactions, while the remaining 11% is reserved for developers and researchers. However, this clarification has not quelled the dissatisfaction among some users who feel inadequately rewarded.

zkSync has stressed its commitment to transparency and community engagement, inviting further feedback to better align future decisions with user expectations.

The project maintains that its token distribution plan, which allocates 16.1% of tokens to the team and 17.2% to investors, with the rest dedicated to ecosystem initiatives, is designed to support a growing ecosystem as new users join the network.

As the ZK token launch date approaches, the debate surrounding the fairness and effectiveness of zkSync’s airdrop continues.

Some users predict that the token could reach $1 at launch, pre-listing platforms like Whales Market show the price trading at around $0.34.

The post zkSync’s ZK Token Airdrop Sparks Controversy Over Sybil Filtering appeared first on Blockonomi.

TLDR

Pepe (PEPE) has surged by 11% in the last 24 hours, outperforming most popular memecoins.

The latest price reversal follows a significant acquisition by a whale, sparking speculation of a potential PEPE rally.

Among other major meme players, only Dogwifhat (WIF), Bonk (BONK), and Book of Meme (BOME) registered gains in the last 24 hours.

Despite the recent overnight jump and potential for a trend reversal, the broader cryptocurrency market is still reeling from a downturn.

The meme coin market has been making waves amidst the broader cryptocurrency market downturn, with Pepe (PEPE) leading the charge.

The popular frog-themed meme coin has surged by an impressive 11% in the last 24 hours, outshining most of its competitors. At the time of writing, PEPE was trading at $0.0000129, with a trading volume of $1.27 billion over the past day, and a market cap of $5.43 billion.

PEPE Coin Price at Coingecko

This recent price reversal follows a significant acquisition by a whale, who withdrew 256 billion PEPE coins priced at $2.9 million from the crypto exchange Bybit.

The whale’s massive acquisition has possibly reinstated confidence in the asset’s future, urging retail investors to reconsider their positions. Another potential catalyst for the PEPE surge is the potential listing of the asset on leading crypto exchange Coinbase.

unbothered. moisturized. happy. in my lane. focused. flourishing. $PEPE pic.twitter.com/hNwxfUi3Fn

— Pepe (@pepecoineth) June 11, 2024

Among other major meme players, only Dogwifhat (WIF), Bonk (BONK), and Book of Meme (BOME) registered gains in the last 24 hours. WIF was up a modest 1%, BOME managed an even lower 0.60%, while BONK performed much better, rising 8.5% to exchange hands at $0.000028 at the time of writing.

Despite the optimism surrounding PEPE and BONK, the broader cryptocurrency market is still reeling from a downturn of 0.67%, with Bitcoin seeing a 0.65% drop in the last 24 hours. The market volatility is peaking as investors await the FOMC meeting and the inflation report scheduled for June 12th.

The post Pepe Coin (PEPE) Outperforms Meme Coin Market with 11% Surge Amid Market Downturn appeared first on Blockonomi.

TLDR

Solana’s native token, SOL, hit a four-week low on June 11, testing the $145 support level.

Macroeconomic uncertainty and mixed economic signals have contributed to SOL’s underperformance.

Despite the recent decline, indicators suggest that investor confidence in SOL remains intact.

SOL derivatives and the Solana network have remained stable, indicating market resilience.

The Solana Foundation is working to mitigate the impact of maximum extractable value (MEV) on the network.

Solana’s native token, SOL, has been facing challenges amid macroeconomic uncertainty and network issues.

On June 11, SOL hit a four-week low, testing the $145 support level after a sharp 15.8% decline over four days. This underperformance comes as investors remain cautious about the broader cryptocurrency market and the potential for a stock market correction.

Solana SOL Price at Coingecko

The U.S. Federal Reserve’s mixed economic signals have contributed to the uncertainty, with traders now seeing a 48% chance of interest rates remaining unchanged until September, up from 39% a month ago.

The upcoming release of the U.S. inflation data on June 12 is expected to have a significant impact on the market, with some analysts warning of a potential broad market selloff if the Consumer Price Index (CPI) increases above 0.4% compared to the previous month.

Despite the recent downturn, several indicators suggest that investor confidence in SOL remains intact.

The demand for leverage through SOL futures has remained stable, with the funding rate holding steady at 0.01% per eight hours since June 8. This stability in the face of a significant price drop indicates market resilience and suggests that bulls are not over-leveraged.

On-chain data from the Solana network also shows an increase in user numbers and transaction volume. While some analysts believe that Solana’s low fees may encourage data manipulation, this issue is not unique to Solana and affects other platforms as well.

Solana currently ranks as the fourth-largest blockchain in terms of 24-hour active addresses interacting with decentralized applications (DApps).

The Solana Foundation has been working to address network issues, particularly those related to maximum extractable value (MEV).

Validators on the network were found exploiting traders through sandwich attacks, manipulating transaction prices for profit at the expense of retail investors. In response, the foundation has excluded these validators from its delegation program, aiming to reduce incentives for such detrimental actions.

As SOL consolidates and seeks to find solid ground, the potential for a short-term recovery remains. If SOL can clear the $152.50 resistance level, it may set the stage for a more significant increase.

However, failure to rally above this resistance could lead to further declines, with support levels at $145, $142, and $135.

So while SOL has faced challenges in recent weeks, the underlying stability of the Solana network and the resilience of investor sentiment suggest that the token may have the potential to reclaim higher price levels once market conditions improve.

The post Solana Network Stability & Investor Sentiment Provide Hope for SOL Recovery appeared first on Blockonomi.

London, United Kingdom, June 12th, 2024, Chainwire

GBM Auctions has announced the completion of the first charity Bid-to-Earn auction for the Polkadot ecosystem. The event, which was hosted on the Moonbeam Network, raised over $92,000 for charity and showcased the GBM’s novel bidding mechanism.

On May 16, GBM Auctions commenced the week-long auctions that saw three unique Polkadot-related items offered to the public: physical copies of the Ethereum Yellow Paper, the Polkadot White Paper, and the JAM Gray Paper, each signed and annotated by Dr. Gavin Wood. 

Bidders used the native Moonbeam token GLMR for bidding, with funds from the event going to the Ukraine Humanitarian Appeal charity. The auction utilized Moonbeam’s scalable architecture, which supports fast bidding and low gas fees. In the process, it demonstrated the versatility of the unique auction format pioneered by GBM Auctions.

With a Bid-to-Earn auction, every bidder earns an incentive in the event of being outbid. This provides incentives for greater bidding volume, helping to raise more funds for the project in question. In the process, it ensures that all participants make something from the sale, including the bidders who are eventually outbid.

Hugo McDonaugh, co-founder of GBM Auctions, shared his thoughts on the success of the auctions:“We are delighted with the outcome of the auctions and they surpassed all our expectations. The auction results prove just how powerful our GBM Bid-To-Earn system is.”

The Ethereum Yellow Paper ultimately sold for a top bid of 193,600 GLMR, the Polkadot White Paper for 116,160 GLMR, and the JAM Gray Paper for 60,000 GLMR. In addition to raising $92,000 for charity, the Moonbeam-hosted auction saw the bidders who were outbid collect $12,000 in rewards. The formula has the potential to support a wide range of use cases within the Polkadot ecosystem and the wider blockchain space.

Dr. Gavin Wood, the co-founder of Ethereum and creator of Polkadot, shared his thoughts on the auctions: ​​”I’m proud to have helped raise money for such a humanitarian charity and it’s great to see it happen on Polkadot’s Moonbeam network.”

GBM’s Bid-to-Earn design makes use of smart contracts to provide a transparent and provably fair bidding system. It incentivizes participation while making it easier for the public to bid for items whose fair value may be hard to determine in advance. Through allowing participants to start low and enter increasingly higher bids, the system ensures that a fair value is eventually reached while fairly distributing revenue to underbidders.

Since developing its Bid-to-Earn system in 2018, GBM Auctions has hosted over 70,000 auctions, earning bidders more than $6M in the process. The auction model has been used by leading crypto figures such as Vitalik Buterin and Dr. Gavin Wood to raise money for charity. It has also been harnessed by web3 projects such as Aavegotchi and Unstoppable Domains to distribute NFTs to their communities.

As well as hosting Bid-to-Earn auctions via a dApp, GBM’s system can also be used on secondary marketplaces which enables web3 projects to sell digital assets in a fair manner that eliminates unscrupulous bidding practices while allowing the whole community to participate in a rewarding and engaging experience.

About GBM Auctions

GBM Auctions is the developer of the world’s first Bid-to-Earn auction system. Using web3 technology including smart contracts, it ensures that bidders can make money even when they are outbid. With lifetime volume of over $200M and over $6M earned by bidders, GBM Auctions provides a fair and transparent bidding system for blockchain communities.

Users can learn more: https://www.gbm.auction/

Contact

Head of Marketing
Jake Scott
GBM Auctions
jake@gbm.auction

The post GBM Auctions Hosts First Charity Bid-to-Earn Auction for Polkadot Ecosystem appeared first on Blockonomi.