#PayPal #binance #SOLbullish PayPal stablecoin expanded to Solana

PayPal's dollar stablecoin PYUSD is now available not only on Ethereum, but also on Solana. The stablecoin PYUSD from payment system PayPal and issuer Paxos debuted in 2023. At that time, the coin was only available on the Ethereum blockchain. But on Wednesday, May 29, the company announced that PYUSD is now also available on Solana. PayPal believes that running PYUSD on Solana will provide significant benefits for commercial use.

Solana is one of the main competitors of Ethereum. The Solana ecosystem offers access to various tokens, exchanges and other decentralized applications. In 2024, a number of meme tokens (although some of them turned out to be fraudulent) were launched on this network. The most recognizable among them is BONK. At the same time, the creators of meme tokens carried out distributions among owners of Solana Saga smartphones, fueling interest in branded gadgets. For users and third-party developers, the advantage of the network is high speed with low commissions.$SOL

#Avalanche Announces GameChain in Partnership with Gamestarter
Avalanche, a renowned blockchain platform, recently launched a new partnership. According to the company, it is joining forces with Gamestarter (a well-known Web3 gaming forum) to release GameChain, which is already ready to launch more than 50 projects. Avalanche has published an exclusive post about this collaboration on its official web portal. The new GameChain project operates as a gaming-focused L1 operated by Avalanche. According to the company, it offers a transparent, efficient and secure environment for gaming transfers.

The platform reportedly intends to create a cutting-edge ecosystem that encourages investors, players and developers. With over fifty projects under its new initiative, Gamestarter continues to strengthen its position in the world of Web3. According to reports, the platform is backed by several reputable industry players.

According to the company, GameChain provides a strong technological foundation for the Gamestarter ecosystem. This makes it easier to operate and run cutting-edge blockchain-based games. The project enables seamless integration of blockchain-based technology developments through a software development kit. Moreover, it also includes a built-in cross-bridge feature, which in turn enables unprecedented asset transactions across blockchains.#AVAX. #Avalanche $AVAX

#Wallet added support for Notcoin on the P2P market

The Wallet wallet built into the Telegram messenger has opened P2P trading in the NOT token of the gaming Web3 project Notcoin.

Users will be able to buy and sell coins outside of Telegram using over 290 supported payment methods.

From May 20 to 22, all transactions on the P2P market will not be subject to commission.

At the time of writing, the NOT token is trading at $0.005633, according to CoinGecko.

Let us remind you that the listing of Notcoin took place on May 16. Soon after the start of trading, the price of the coin fell by almost 65%.

Several options for stamping and NOT output are available to users.

Earlier, Notcoin co-founder Alexander Plotvinov answered questions from the community and announced the burning of tokens.#NOT🚀 #Wallet $NOT

Solayer Restaking Protocol on Solana Accepts Deposits

The Solayer restaking service on the Solana blockchain has begun accepting deposits. The service raised $20 million in its first 45 minutes.

Solayer, a re-staking service similar to EigenLayer, has launched on the Solana (SOL) network. Solayer opened accepting deposits for restaking on Thursday afternoon, May 16th. In the first 45 minutes, the service raised $20 million. Despite the hype, it's worth noting that this is not the first such product for Solana.

At launch, access to Solayer is by invitation only. You can deposit SOL, as well as liquid staking products - mSOL, bSOL, JITOSOL or INF tokens.

Little is known about the team and protocol. In their blog, the team claims that they have been working on the product since 2023. The Solayer roadmap was published on Wednesday, May 15th. According to the map, the current stage of accepting first deposits. Assets for restaking will be blocked until the onset . The liquidity re-staking token sSOL will launch during.
#SolanaInvesting #binance #CryptoNews🚀🔥V $SOL

meBinance changes approach to token listing

Research has shown that 80% of tokens listed on the Binance crypto exchange over the past six months lost value because their price was inflated at the time of trading, which negatively affects retail investors. The exchange plans to support small and medium-sized projects to counter this trend. Cryptocurrency exchange Binance has called on small and medium-sized projects to combat the trend of low liquidity and fully diluted value (FDV) of tokens. This move is aimed at supporting projects with sustainable business models and strong fundamentals, which should contribute to the development of the blockchain ecosystem and strengthen confidence in cryptocurrencies.

Binance's call comes shortly after the publication of a study by on-chain analyst Flow, in which he found that over the past six months, more than 80% of tokens added to Binance lost their value after listing on the platform. The only exceptions were a few projects - Dogwifhat (WIF), Memecoin (MEME), Jito (JTO), Jupiter (JUP) and Ordi (ORDI).

Flow noted that most new tokens on Binance are backed by venture capital, launched at high prices, but lack real users or a strong community. The market capitalization of such assets at the start of trading averages about $4.2 billion, and the maximum valuation reaches $11.7 billion.

Flow also emphasized that the current approach to token launches is unsustainable and discredits the crypto industry. He called for changes to prevent further abuse and long-term negative impacts on the industry. In response, the Binance research team noted that low circulating supply launches are becoming increasingly common in token projects that allocate a large portion of the token supply to future releases. That's why Binance plans to change its approach to token listings by inviting small and medium-sized projects to apply for listing programs like Launchpools and Megadrops.
#binance #WIFUSD #MemeWatch2024 $WIF $MEME $JTO

Most ETH holders are profitable

Researchers at IntoTheBlock noted that the rapid growth of the Ethereum (ETH) cryptocurrency rate has become the reason that 90% of holders of the digital coin are in a profitable position. Let us remind you that on the night of May 20-21, 2024, virtual currency quotes rose to $3,600. At the time of writing this news, the price has been adjusted. Ethereum was trading at $3,535.

Thus, the rate of the digital coin ETH increased by 15% in less than 24 hours. The market capitalization of the virtual currency soared to $424.68 billion, adding about $55 billion in 24 hours. Daily trading volumes on the spot market reached $24.17 billion. Ether is now trading 28% below its historical price maximum.

The explosive growth of the ether price to $3,600 indicates that a significant number of holders of this cryptocurrency are in a profitable position. Most holders purchased Ether at lower prices and are seeing the value of their investment rise.

This state of affairs suggests that market participants believe in the future appreciation of ETH and are eagerly awaiting news about the potential launch of spot ETFs in the United States.

The explosive growth of ether prices and the profitability of the majority of holders may be associated with the beginning of a bull market. This is considered a prerequisite for further increase in the exchange rate. However, there is a possibility that the “buy rumors, sell news” scheme will work. This means that massive sales of ETH may soon follow to take profits.

The expression “buy the rumors, sell the news” refers to a trading strategy in the financial markets. The idea is that unofficial information can be a harbinger of future significant events or announcements that could affect the price of an asset. Investors purchase cryptocurrencies at a lower price, expecting to sell their coins when the news is confirmed.#ETHETFS $ETH

Notcoin (NOT) fell by 85+%. What could go wrong

Let's look at why the Notcoin (NOT) price fell sharply after the recent hype and shortly after listing on exchanges

Notcoin is a Web3 gaming project based on the TON network, which appeared in January of this year as a mini-application in Telegram. In just a few months, the number of Notcoin players exceeded 35 million people. Since last week, NOT has become available on many major exchanges. But now investors lured by the recent boom are facing big losses.

It all started so well
Notcoin debuted on the Toncoin network last week. As part of the launched airdrop, investors eligible to participate in the program received NOT tokens worth approximately $1 billion.

The listing of the token on major exchanges, including Binance, initially allowed the price to reach an all-time high of $0.037. Within 10 minutes after launch, the project’s capitalization exceeded $1 billion, and within 24 hours NOT became the eighth most traded cryptocurrency on the market.

The project attracted significant attention thanks to the support of Telegram founder Pavel Durov. He publicly praised Notcoin on his Telegram channel, noting the project's rapid growth and its transition from in-game currency to real money for users. In addition, he promised to hold the tokens until their value increases 100 times.

Notcoin is expected to fall further
However, this excitement quickly faded, and the price of NOT began to plummet. Within a week, the value of the token fell by more than 85%, falling well below the launch price.

Investors did not want to hold coins in anticipation of potential future profits. Instead, they quickly sold off their airdrop tokens to make a profit right away. This massive sale led to a significant oversupply on the market, which further reduced the price.

A cryptanalyst under the nickname Crypto Patel is pessimistic about the prospects of the coin.#Notcion $NOT

#binance #UXLINK UXLink: Big airdrop from social platform Web3

UXlink is a decentralized social network that distributes tokens. The airdrop is divided into seasons, and the number of tokens issued will depend on the type of NFT voucher the user has. What is UXLink?
UXLink is a new decentralized social network, introduced in 2023. Its audience is ordinary users, enthusiasts, traders and developers. Traders may be interested in groups. Groups can be minted - minted - like NFTs. Groups also have shared wallets.

UXLink is also a framework that supports other protocols and decentralized applications (DApps).

At the time of writing, the social network’s audience is 5.5 million users and 100,000 communities.

How does a UXLINK airdrop work?
According to Yahoo, UXLink has launched a line of NFT vouchers IN UXLINK WE TRUST.

NFTs are divided into four categories:

MOON;
TRUST;
FRENS;
LINK.
Depending on the category, their owner has certain rights and claims a certain number of tokens. Also, the number of tokens received will depend on the contribution to the community, activity on the network and financial transactions.

Basic rights of UXLink NFT voucher holders:

full access to the first season of the UXLINK token airdrop;
priority access to the second and third seasons of the airdrop;
participation in airdrops of tokens of the UXLINK and AIRDROP2049 ecosystems;
voting right.
Previously, NFT vouchers were tested during the distribution of Notcoin tokens. In the case of Notcoin vouchers, users could trade them without waiting for the token to be listed on exchanges.

Humanity Protocol closed a $30 million round at a $1 billion valuation

Humanity Protocol announced that it has become one of the “crypto unicorns”.
These are companies with valuations of $1 billion.
The startup raised $30 million with participation from Kingsway Capital, Animoca Brands and others.
The Humanity Protocol project has closed an investment round of $30 million at a valuation of $1 billion. This makes the startup one of the “crypto unicorns,” the organization noted. The round was led by Kingsway Capital. Counterparties such as Animoca Brands, Blockchain.com and Shima Capital also took part in it.

The founder of the project, Terence Kwok, noted in a commentary to Bloomberg that the startup also received $1.5 million from opinion leaders in the cryptocurrency field.

The organization plans to spend the raised funds primarily on staff expansion. According to Kwok, the Humanity Protocol team currently includes 20 people.

“The very concept of identity is becoming increasingly relevant. We look at the pace at which AI is developing, the huge number of deepfakes, and we understand this,” he emphasized.

According to Kwok, the developers plan to launch a test network in the second quarter of 2024. There are 500,000 users registered on the waiting list, he added.

At the initial stage, the team plans to release the application. Through it, users will be able to scan their palm, which will serve as an identifier.

The next step, according to Kwok, is the integration of a second level of security. The company will release special infrared cameras for scanning the veins on the arm.

The Humanity Protocol project was introduced at the end of 2023. Later, the team announced the launch of the solution in the Polygon ecosystem.

The startup's goal is to create a new type of blockchain based on the Proof-of-Humanity (PoH) concept, which will allow transactions to be confirmed without revealing user data, while maintaining high security standards.#binance #integration #CryptoNews🚀🔥V

$Overlay is a platform that allows you to trade data, from cryptocurrency quotes to the cost of sneakers. The site also allocated 1.5% of its tokens for the airdrop - participation does not require a contribution.

Overlay is a data trading platform built on Arbitrum. This data can be anything - the cryptocurrency rate, the cost of household items, or an eSports odds. Trading is based on data from oracles - trusted data providers from Web2 to Web3. For additional security, data from oracles is additionally adjusted by the protocol. Almost any oracle is available for Overlay.

Overlay's own token is OV. OV is created and burned to keep inflation at bay. In tokenomics, investors have the main share - they account for almost 31% of coins. To prevent them from having a strong influence, their tokens were subject to a 12-month lock-up, after which the gradual distribution of OV will begin. OV is an Ethereum ERC20 token that circulates on the Arbitrum mainnet.

You can get the OV token for free as part of an airdrop campaign. The campaign was called TUNA and 1.5% of coins were reserved for it. The idea is to reward users who participate in testing the project on the Arbitrum Sepolia testnet. No fees are required to participate in testing and drops. Like the service itself, the token is in its early stages. Rewards based on the results of the campaign will be distributed after TGE - the process of creating a token and delivering it to the audience.#airdop #crypto

How to become a millionaire by buying Cosmos.

ATOM is the native token of the Cosmos Hub blockchain, which is part of the Cosmos ecosystem. Despite the crypto market's impressive rise in recent months, it is still trading 80.8% below the all-time high reached in January 2022.

Large-scale price drawdowns often cause newcomers to panic and hastily sell tokens. However, experienced traders regard such events as an opportunity to form a reliable medium- or long-term portfolio and purchase the coins they are interested in at a discount.

Let's figure out how much you need to invest in ATOM now to become a millionaire during the bull run.

How the Cosmos ecosystem works

Cosmos is a decentralized and scalable ecosystem that provides connectivity between two or more independent blockchains, allowing them to interact with each other. Because of this, it is often referred to as the “Internet of Blockchains.”

The first and main blockchain launched in the Cosmos ecosystem is called Cosmos Hub. It works as a link between all independent networks. The Cosmos Hub native token ATOM supports and secures it. ATOMs can be added to staking, delegating them to any validator of your choice, and receive rewards for this.

How many ATOMs do you need to buy to become a millionaire?

To calculate the number of tokens you need to buy to become a millionaire when ATOM returns to its all-time high, you can use the following formula:

Quantity ATOM = Target Amount / Expected Future Price,

Where:

Target amount: $1 million

Expected future price - all-time high $44.45

Thus, to see a round sum of $1 million in your account, you need to purchase 22,489.89 ATOM. At the current price of $8.54, the coins would be worth approximately $192,063.

However, it should be understood that the crypto market can be extremely volatile and subject to black swans. The calculations provided are based solely on current data and assumptions. Always remember to adhere to risk and money management and only trade with money that you can afford to lose.#binance #ATOM #CosmosATOM $ATOM

$ETH Failure to approve ETFs will drive a nail into the lid of Ethereum.

CryptoSlate analyst James Van Straten believes that the refusal of the US authorities to approve the issue of Ethereum-ETF will drive a nail into the coffin of Ethereum (ETH). It seems that Ethereum will be brought to the grave. Rejection of applications for the creation of spot ETFs will lead to a fall in the price of Ethereum relative to Bitcoin from 0.047 to 0.03 ETH in the long term. Ethereum has again become susceptible to inflation. Thanks to the Dencun update, transaction fees have been reduced, and due to the small number of coins burned, the circulating supply of ETH increases, Straten wrote. On May 23 and 24, the US Securities and Exchange Commission is scheduled to issue a verdict on applications for the issuance of Ethereum-ETFs submitted by VanEck and ARK Investment Management, respectively. From anonymous sources it became known that officials are reluctant to make contact with representatives of firms, while in anticipation of agreeing on the start of Bitcoin-ETF trading, the regulator’s staff is actively judged the products offered. In this regard, experts doubt that the department will give the go-ahead for the creation of an Ethereum-ETF. In this case, as James believes, ETH will fall in price by 36% relative to Bitcoin. That is, if the price of BTC does not change, then the Ethereum rate will drop to $1883 from the current value. The bearish trend has been dominating the ETH market since March 13, so Straten’s forecast may turn out to be correct, but it will come true in the distant future.#ETH🔥🔥🔥

#DCA: What type of trading is this and how to use bots?

DCA is a way of trading and investing that reduces the impact of volatility. A large investment is divided into smaller pieces, which are invested into the asset according to a set schedule. Dollar Cost Averaging, or DCA, is an investment strategy that is designed to reduce the impact of volatility when purchasing an asset. This approach attracts the attention of traders, given the fluctuations in the exchange rate of Bitcoin and altcoins.

The essence of DCA is to break a large amount of investment into small parts, which are invested in an asset according to a certain schedule. However, there may not be a large amount - the investor can simply invest part of his income in the asset at a certain frequency.

Once again, in simple words: an investor invests in an asset at a certain time, regardless of the exchange rate. This approach is believed to reduce the impact of volatility.

DCA is suitable for those who prefer passive income. With an averaging strategy, passive investors do not need to study the market or monitor the situation in it to choose the “optimal” moment for a trade.

The opposite of DCA is LSI (lump-sum investing), where the investor invests the entire amount at once. Of course, proponents of both approaches have arguments for their effectiveness.

If we talk about the advantages of DCA, then in addition to simplicity and possible protection from volatility, there is one more thing - protection from emotions. This approach protects against the fear of making the wrong decision and from regrets that the decision could have been better.

The strategy is suitable for beginners, long-term cryptocurrency holders and those who are not inclined to take risks.#DCA #binance #investors!

How to find token and NFT giveaways in MetaMask?
The MetaMask wallet now has a tool for finding airdrops of tokens and NFTs that can be claimed. We'll tell you and show you how to use it. MetaMask is one of the leading wallets for storing and exchanging cryptocurrency, as well as logging into decentralized applications. The wallet supports different networks, be it Ethereum, BNB or Polygon. It recently added a new option - searching for token and NFT giveaways. This became possible thanks to the introduction of the Daylight API into the wallet.

How to search for airdrops in MetaMask? In your wallet, go to the MetaMask Portfolio section. This is a fairly new section, it allows you to monitor your progress in crypto investing. In your portfolio, find Explore, and in Explore, click Eligible Airdrops.

The availability of distributions can be checked for the following networks:

Ethereum;
Optimism;
Arbitrum;
Base;
Zora;
Polygon.
When searching for NFTs, you can sort. For example, the system may find NFT collections where you are on the waiting list; NFTs that you have the required token to claim; or simply NFTs from popular creators. There are other options.#NFT‬⁩ #MetaMask #investing #airdop

$NEAR #7 days before the Nvidia report: what AI tokens to monitor

In a few days, Nvidia will submit its income report for the first financial quarter of 2024. Given the strong reputation of the chip maker and the boom in the AI sector, analysts ' expectations are very high.
Crypto-enthusiasts believe that a strong report will encourage interest in AI-related tokens.
The Nvidia report could spur interest in AI tokens
Deutsche Bank analysts predict that Nvidia will continue to produce impressive results thanks to the growing demand for AI computing power. Despite some decrease in orders before Blackwell, Nvidia ' s prospects remain strong.

Experts appreciated Nvidia ' s technological strategy and believe that the enthusiasm around artificial intelligence will lead to another successful quarter. However, they noted the change in investor sentiment and kept the Nvidia stock rating at the level of “keep”.

“It seems that investors have become more demanding to raise earnings against AI this quarter, and we believe that their fundamental strength is already well understood”, Deutsche Bank noted.

Wells Fargo analysts have proved to be much more optimistic. They expect revenues from data centres to $23 to 24 billion, which exceeds Wall Street expectations of $21.1 billion. This has led to an increase in the target price of Nvidia shares from $970 to $1,150.
Price Dynamics Nvidia. Source: TradingView
As Nvidia prepares for the income report, the participants of the crypto community are actively discussing AI tokens that can show growth. Crypto Rand emphasized the potential impact of the event on coins such as Render (RNDR). The long-awaited launch of OpenAI GPT-4o also contributes to the support of the AI narrative.
A popular analyst at The Crypto Dog recommends that you look at NEAR, noting its strength.#NEAR🔔 #binance

cNFT: Minting a million NFTs on Solana for a few tens of dollars.
Compressed NFT, or cNFT for short, is Solana's solution for minting millions of non-fungible tokens at a low cost. Printing a batch will cost less than 1 SOL.

Compressed NFT, or simply cNFT, is a solution for minting non-fungible tokens on Solana. Its strength is that such tokens will cost thousands of times less than regular NFTs.

When storing data, NFTs use a technology known as Merkle Trees. Solana engineers added the ability to simultaneously update Merkle Trees several times in one block, thereby achieving lower prices.

The Compressed calculator allows you to track the minting prices of regular and compressed NFTs, as well as calculate the cost of issuing your batch of tokens. At the time of publication, minting 1 million cNFTs will cost 0.3-7 SOL depending on the compression type. Regular - not compressed - NFTs will cost 58 SOL

Using Compressed NFT technology, the first well-known collections in the Solana community were created - DRiP and Deez Nuts. The latter is not just another “cryptopunk”, but characters created in the style of the real Australian punk rock band Deez Nuts.#NFT‬⁩ #DeFi #binance #SOL

#XRP holders will be able to earn money by lending.
The RippleX team proposed implementing a native landing protocol for the XRP Ledger, a blockchain with the XRP cryptocurrency.
Developers from RippleX presented a proposal to launch a lending protocol - lending. The XRP Ledger, a network based on the XRP cryptocurrency, can get its own lending protocol. This will provide a new opportunity for coin holders to earn money.

The protocol will allow users to take and issue loans to each other directly - in p2p format. This also means that the XRP Ledger's own decentralized exchange - DEX - will play an important role in the finances of the XRP Ledger ecosystem. Its own DEX has been operating on the blockchain since 2012 - it is one of the oldest platforms in the entire crypto space.

Currently, XRP holders from passive income have access to liquidity pools.

In the past, the XRP Ledger - XRPL - has already seen an expansion of functionality. The blockchain has received support for non-fungible tokens - NFTs. And the Ripple team launched a $250 million Creator Fund to support talented NFT artists.

Another area where Ripple could expand is as a central bank digital currency, or CBDC. In 2021, the French central bank - Banque de France - admitted that the banking token XRP will form the basis of the digital euro.#xrp #RippleX #binance $XRP

#binance #CryptoRank analysts spoke about participation in airdrops.

Specialists from CryptoRank told how to become a drop hunter. They recommended studying current airdrops. It is recommended to find out which projects have recently implemented free token distributions and which activities have brought the most benefit. There is also a need to explore services and tools related to on-chain analysis and KYC.

It is important to understand how many drop hunters there are and how you can stand out among them. It is recommended to farm several projects in parallel on the same wallets - the effect, according to experts, will be cumulative. Analysts noted that "the quality of storage exceeds their quantity."

Experts recommended using online reputation services - Trusta and Nomis. This will help improve the “condition” of your wallet. You also need to get Galxe and Gitcoin digital passports. The first one is much easier to arrange, so it already has many “sybils”.

Transactions should be made on the Ethereum network while gwei is low. Typically such periods occur on weekend mornings. After the Dencun update, the cost of commissions decreased by 10 times, and therefore the threshold for entering drophunting also dropped.

Experts recommend exploring young and promising ecosystems. There is less competition there, since you need to register separate wallets and perform other actions. These include Aptos, Sui or Stacks. You can also ask family members to help with KYC registration.

The researchers emphasized that “drophunting is dominating the scene and the importance of distinguishing between genuine user participation and the manipulative activities of “sybils” becomes paramount. Projects are now using a combination of on-chain reputation systems and KYC measures to combat this problem.” Experts are confident that it is impossible to completely overcome the “sybils”.#drops #airdop

#$OM $Mantra testnet participants will receive 50 million OM tokens

Participants in Mantra's testnet, Hongbai, will be able to compete for 50 million OM. The cost of each token is $0.7. The Mantra blockchain team launched the Hongbai testnet. Prize money worth 50 million OM has been prepared for testnet participants. The OM token rate is $0.7 at the time of publication. To receive tokens, you need to complete tasks posted on the project page in Galxe.

The list of tasks will expand. Social quests are now available, such as subscribing to Twitter (social network X) and Telegram. This is also useful to keep track of announcements of new tasks and updates. Completing quests does not require spending tokens from users.

Mantra is a layer 1 blockchain for working with tokens that are backed by real world assets (RWA). Blockchain supports working with assets in accordance with regulatory requirements, including KYC/AML. Positioned as a network for users, developers and companies. Mantra is built on the Cosmos SDK and offers cross-chain - work with various chains. Users can easily create RWA tokens using the proprietary MTS SDK tool$OM #om #airdop #MANTRA

###aNFT: Tokens that take care of financial transactions themselves

Autonomous NFTs, or aNFTs, are tokens that can independently perform certain operations, be it conducting transactions or distributing profits. Now NFTs mint and sell themselves. Standalone NFTs are a technology in the non-fungible token segment. With the help of smart contracts, aNFTs can autonomously perform operations without user intervention. This could be initiating a trade, distributing profits, or minting new NFTs.

aNFTs can be programmed to do specific things. For example, a trader can set a price at which a token will sell itself.

A standalone NFT can serve as a stock. It can be tied to a real asset and it can be specified what payments and under what conditions it will make.

While aNFTs require programming knowledge to create. The smart contract for an autonomous token can be written in Solidity or another language. You can place an autonomous non-fungible token on Ethereum, Solana or another blockchain.

Solana also has another useful technology - cNFTs, or compressed NFTs. Thanks to Solana compression, millions of tokens can be minted in a few SOLs.