When we think of iconic sports, there is no other one like football. Football is the sport that surrounds the world and is the most watched, played and loved form of entertainment around the world. When we think about football, there are so many iconic moments to choose from and this spans back decades. Nearly every team in the world has an iconic moment and even if it isn't iconic to all of football, some moments are still iconic to the club. As someone who loves crypto and investing, the collaboration of football and investing is one of my favourite things and it doesn't happen enough, with one of the most recent times being Sorare and their deal with the Premier League and looking at football now, if I could pick some iconic moments to be NFTs which would I choose and why?

Aguerooooo

The biggest league in the world is the Premier League and the most iconic moment in football history is between Aguero and QPR. So let me paint the scene for you, it's the last day of the season, and city rivals Manchester City and Manchester United are in a title fight that is heading down to the last second, all City need to do when they first title in 60 years is so beat a team who are on the cusp of relegation. As the clock ticked on, a header from Dzeko made the game even at 2 goals each and then, in the 93rd minute of the season, one of the last kicks of the season and the game, Aguero got the ball and scored the goal that won City the League and changed football forever. This is the best moment in footballing history and it would sell for a lot if it was as an NFT.

Greece Do the Impossible

When we look at the European Championship winners since its inception, there are several teams that you just expect to win and Greece are not one of those teams. In 2004 when Greece started to pick up speed in those years Euros, people started to think about the chance of Greece doing the ultimate underdog story. Their group stage went really well and when they beat France in the Quarter Finals, which was something that no one predicted with the Euro 2024 bets because the France squad was so strong. Getting to the final was already a good enough Tournament for the players and the fans but they would have obviously wanted to win and this is where the NFT could come in. When Charisteas’ goal hit the net and the players started to celebrate, a special moment for players and the fans was born and this would make for a beautiful NFT.

The Miracle In Istanbul

In the year of 2005, Liverpool defied the odds and made it to the Champions League final to face one of the best sides of the last 25 years, AC Milan. Going into the game a lot of people wrote Liverpool off because their team wasn't as strong as people thought it needed to be when playing in the Champions League final and for the forest 45 minutes, these worries were right as Liverpool went into halftime seeing themselves three nil down. As soon as the third goal hit the net, everyone collectively agreed that it was over. Until Steven Gerrard, Xabi Alonso and Vladimir Smicer reduced the lead and sent Liverpool to extra time. When the thirty minutes of extra time came and went, penalties were the decider here of who would be crowned champions. A hero stepped up in this and it was Liverpool's goalkeeper, Dudek, who saved two penalties and won Liverpool their trophy. The final save being an NFT would be iconic and wanted by fans everywhere, except AC Milan fans obviously.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

Better than expected inflation data came out Wednesday morning and Bitcoin put on a spurt on the news. However, Federal Reserve Chairman Powell did his customary jawboning act in order to dampen market exuberance. Bitcoin fell back as a result.

FOMC meeting ups and downs

Markets were fairly nervy going into the Federal Open Market Committee meeting which began on Tuesday. On the day, Bitcoin fell as much as 5%, which was equivalent to a reversal of around $3,450. 

On Wednesday, the second, and last day of the FOMC meeting, the inflation data came out unexpectedly positive and beat market expectations. Bitcoin rocketed up on the news and went all the way back to the resistance at $70,000. 

When Fed Chairman Powell came out to deliver his speech at the close of the meeting, he probably had a remit to strike a hawkish tone, given that the inflation data was only slightly better than the forecast. The last thing the Federal Reserve would have wanted is for the markets to run hot again.

Therefore, Powell stuck doggedly to his task and went with the narrative that the Fed was now looking at only one rate cut this year, instead of the previously forecast three cuts.

On this news the buoyant crypto market plunged once again, with Bitcoin falling back to the $67,000 support. Although the positive slant here is that this is higher than the $66,000 price level that was almost reached on Tuesday.

$66,000 line in the sand for miner profitability

Source: TradingView

The $66,000 price level does have a lot of significance. Mike Alfred, entrepreneur and value investor, posted on his X account on Wednesday that Bitcoin miners see this level as the bottom, given that they would be unprofitable at lower levels.

That said, it must be mentioned that price could still go below this line in the sand, but only the best performing miners with the most up to date rigs would be able to weather the storm.

Macro picture still looks great

Source: TradingView

On a more positive note, it’s always good to zoom out and look at how amazing the Bitcoin price chart looks from a higher macro level. All this sideways price action is building the base structure for the next move higher. A beautiful bull flag is still in the formation, and the likelihood of $BTC eventually popping out of this to the upside is very good.

If investors are getting cold feet because the $BTC price is too volatile now and again, then they are totally missing the point of holding this asset. Very few are able to trade $BTC successfully, but if you hold it over the long term, past data shows that you could do very well indeed.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ethereum's momentum builds as it edges closer to its peak. With the ongoing bull run of 2024, major altcoins are poised for significant moves. The crypto market is buzzing with anticipation. How will altcoins react to Ethereum's surge? Experts and investors are keeping a close watch on these developments. The coming days could bring big surprises. Get ready to explore the shifts and trends that may shape the market.

CYBRO Presale: A One-in-a-Million DeFi Investment Opportunity

CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that's truly one in a million.

>>> Enhance Your Crypto Portfolio with CYBRO! Join NOW and aim for future returns up to 1200%! <<<

Avalanche (AVAX) Price Overview: Downward Movement Continues

AVAX currently trades between $30.36 and $36.41. It faces resistance at $39.83 and support at $27.73. The 10-day and 100-day averages are similar, around $32.50. The RSI is low at 43.22, showing weaker buying strength. Stochastic is also low at 6.65. MACD points to a minor bearish trend. The coin has lost 12.02% in the past week and 18.90% in six months, indicating a corrective phase.

XRP Price Overview: A Look at Current Trends and Predictions

XRP is currently trading in the range of $0.4583 to $0.5354. Over the past week, it has dropped by 7.35%, and in the past month, it has declined by 3.48%. The six-month change shows a decrease of 20.75%. The Relative Strength Index (RSI) is 49.87, indicating a nearly neutral momentum. The MACD level is positive but small at 0.00014. The price appears to be in a corrective move rather than impulsive.

Polkadot (DOT) Price Overview and Prediction

Polkadot (DOT) is currently in a corrective phase, as evidenced by its decline of 10.74% over the past week and 2.85% over the past month. Its current price ranges between $5.92 and $7.23, with the nearest resistance level at $7.93 and support at $5.31. The RSI at 39.70 and Stochastic at 2.33 suggest an oversold condition. Based on the Simple Moving Averages, DOT is likely to remain in this range in the near term.

Chainlink (LINK) Price Overview: Ready for a Comeback or More Downside?

Chainlink (LINK) is currently trading between $15.06 and $18.02. LINK's nearest support level is at $13.75, while the nearest resistance is at $19.66. The coin shows a 13% drop in the past week, but it has gained 15.42% in the last month and 8.09% over six months. The RSI is at 41.97, suggesting it's not oversold. The MACD is negative at -0.02. LINK seems to be in a corrective phase.

Conclusion

AVAX, XRP, DOT, and LINK may have less potential in the short term. Attention is turning to CYBRO, an earn marketplace using the Blast blockchain's native yield possibilities. CYBRO’s first release is set for Q2 2024. Early investors have the chance to join the CYBRO token presale on favorable terms.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

Tether, the issuer of the USDT stablecoin, is planning to invest a staggering $1 billion in technologies such as biotech, financial infrastructure, and artificial intelligence (AI). 

Tether has already spent around $2 billion through its VC arm on technologies such as artificial intelligence (AI) and alternative financial infrastructure. 

Tether Plans Significant Investment

According to Tether CEO Paolo Ardoino, the company will invest at least $1 billion through its VC arm. Ardoino stated that Tether has a growing team that evaluates hundreds of pitches on a monthly basis. Over the past couple of years, Tether has already spent $2 billion on technologies such as AI. 

“Tether Investments has a growing team of 15 people who are evaluating as many as hundreds of pitches each month, most of them coming directly from startups. It’s focused on alternative financial infrastructure for emerging markets, artificial intelligence, and biotech — areas where it has already spent about $2 billion over the past two years.”

Ardoino added that Tether had already invested $1 billion in AI, including backing Northern Data Group with a $610 million debt financing facility announced in 2023. 

“We can offer AI computing to all the companies we have invested in. It’s all about investing in technology that helps with disintermediation with traditional finance. Less reliance on the Big Tech companies like Google, Amazon and Microsoft.”

Record Profits for Tether

Ardoino’s comments on Tether’s VC ambitions come shortly after the company announced a record net profit of $4.52 billion during the first quarter of 2024. A significant chunk of these profits, around $3.52 billion, came from the gains Tether made on its Bitcoin and gold holdings. The remaining $1 billion were made from operating profits derived from the United States Treasury Holdings. 

Only Investing In Interesting Projects 

Ardoino added that Tether gets hundreds of deals per month, and completes only a tiny percentage of those deals. He further said that Tether does not require companies to reach a specific target when it comes to profitability after it invests in companies. Instead, Ardoino stated that Tether only invests in projects that it finds interesting. 

“You can imagine that the news that Tether is making good money went around the world. We get tens or hundreds of deals per month that are on the table, and we only end up doing a very small percentage of that. Our investment policy is investing only in projects we find extremely interesting. We are not a classic VC. We do invest in things that we care about, and we have our own strategy.”

Tether is one of the biggest companies in the crypto ecosystem and is the issuer of USDT, the largest stablecoin in the market. Tether’s planned investment comes a few months after the company restructured its business into new divisions. The new divisions include Tether Data, Tether Power, Tether Finance, Tether Evo, and Tether Edu. Tether has also been investing in Bitcoin mining and announced a $150 million investment in crypto mining firm Bitdeer in May.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

With CPI and FOMC now wrapped up, investors are seeking out the best crypto to buy now and hold for the latter half of 2024. From Bitcoin to new cheap cryptos, every decision is crucial to put together the best altcoin portfolio. 

In this guide, we have carefully crafted and thoroughly created a detailed review of the best crypto investment picks for the rest of 2024. To help you diversify your portfolio, we included a mix of the big caps like Bitcoin, Ethereum, and Solana and new cryptocurrencies currently undergoing their presale or ICO or early in their roadmap.

Best Crypto to Buy Now for Your Portfolio Reviewed

We have curated a top list of the best crypto buys for your portfolio in 2024. But to buy these cryptos, you must know first what’s the purpose of each crypto, and the predictions for the future. 

In the section below, you can read a detailed review of each high potential cryptocurrency, including their most essential features and what distinguishes them from other projects, to discover which is suitable enough to be in your portfolio:

Base Dawgz - A Unique Multichain Meme Coin

First on our list of the best cryptos to buy for your portfolio in 2024 is Base Dawgz - a new meme coin that draws inspiration from base jumping and the Shiba Inu meme. This new meme coin recently launched its presale a few days ago, and it is already blowing up the scenes, with investors going wild for it.

Base Dawgz is built on the base network and there are already speculations that this meme coin has the potential to provide 100x returns to investors. Unlike other meme coins, this one is unique in the market because of its dog mascot, which can base jump between blockchains. 

Base Dawgz is a meme coin that stands out for many reasons, one of which is its share-to-earn model feature. With Base Dawgz, active community members can earn points by sharing content and then convert these points into $DAWGZ tokens.

For investors who crave adventure and innovation, Base Dawgz is bringing you a unique multichain experience. This project aims to break boundaries and not only push them. Base Dawgz is a real gripper as it can leap across blockchains; it is like a base jump through blockchains, landing wherever you choose. You can seamlessly store and trade your $DAWGZ tokens on Ethereum, Solana, BNB Chain, and Avalanche. 

The project has allocated 15% of its total token supply for marketing, aiming to boost its reach and influence. Additionally, 15% of the token has been set aside for the $DAWGZ tokens which will be awarded as rewards to those users who participate in its share-to-earn model. A further 20% has been allocated to the ongoing presale to ensure that a large amount of $DAWGZ tokens are distributed amongst early investors.

What’s more, Base Dawgz capitalizes on its huge community and the popularity of dog-themed meme currency. With a market valuation of $1.78 billion for basic meme coins and dog-themed coins topping the top rankings, $DAWGZ holds enormous potential.

Base Dawgz is currently in its presale phase, and one $DAWGZ is currently trading for just $0.00502, and you can purchase it in exchange for BNB, ETH, USDC, USDT, SOL, and AVAX. The token's price is expected to climb frequently, rewarding early investors. 

This project has so far amassed a total of 2.5K followers on X.

Buy Base Dawgz

Sealana - A Highly Promising Meme Coin

Second on our list is Sealana, a meme coin based on the Solana blockchain and one of the best cryptocurrency investments for 2024. Sealana is built on the Solana blockchain and follows the story of an American Redneck seal inspired by the South Park character, Gamer Guy.

A distinguishing characteristic of Sealana is its captivating tale and engaging narrative that sets it apart from other meme coins. 

The Sealana presale has been highly successful so far, and has been live since the first of May but is now counting down to its end as the team has officially announced that the presale will wrap up on June 25th at 6 pm UTC. Sealana benefits from Solana's low transaction costs and fast speeds, making it an appealing choice for traders. The presale rate is currently 1 $SEAL for $0.022, providing an affordable entry point for early investors.

The presale has raised over $4 million which indicates strong investor interest. One $SEAL is currently trading for $0.022 and there are roughly about 14 days left until the end of the presale. To join the presale, you can send SOL to the specified wallet address or purchase directly from the Sealana website and purchase $SEAL in exchange for ETH, BNB, and USDT or directly through your bank card. 

This project has a total of 10.5k followers. Follow Sealana on X.

Buy Sealana

Bitcoin - The Largest Cryptocurrency in the world by Market Cap

Third on our list is Bitcoin, tthe world's largest cryptocurrency by market capitalization and one of the most revolutionary projects in history. Discussions about whether Bitcoin will become the next global payment or just another passing episode continue. But if Bitcoin indeed becomes an integral part of the financial system, then any Bitcoin investment is a wise choice. 

Technically, Bitcoin is a decentralized peer-to-peer cryptocurrency that was first proposed in 2008 and released in early 2009. It was invented by an anonymous individual using the pseudonym Satoshi Nakamoto, whose real identity is still unknown.

Many believe that Bitcoin is a revolutionary payment network and a new type of currency. It established the concept of blockchain and offers a fully decentralized digital currency that is exceptionally safe. It uses Proof-of-Work to make it extremely impossible to change the history of transactions or double-spend coins. Bitcoin also operates without a central authority or banks through peer-to-peer technology; the network manages transactions and issues bitcoins collectively.

Moreover, the network is protected by miners, who are rewarded with BTC coins for adding blocks to the Bitcoin blockchain. Bitcoin is open-sourced, which simply means that its design is public, and everyone can take part as it is not owned or controlled by anyone. BTC may be sent from anywhere in the globe at any time, and transactions cannot be blocked by intermediaries. Users can self-custody their Bitcoin by holding their private keys rather than relying on institutions like banks.

The most recent Bitcoin halving, which occurred on April 19, 2024, has also had an impact on Bitcoin, as halving occurrences limit the reward for mining, resulting in a fall in the amount of new coins entering circulation. This has increased Bitcoin's scarcity and caused BTC's price to rise.

Bitcoin has several benefits that made it secure a spot on our list and one of them is its payment flexibility. There are no bank holidays, borders, or bureaucracy, so bitcoins can be sent and received at any time and from anywhere in the globe. Bitcoin gives users ultimate control over their money.

There is no price to receive Bitcoins, and many wallets allow you to specify how much fee to pay when spending, so investors and users alike can set their costs. With Bitcoin, fees are unrelated to the quantity transferred, as you can send 20,000 bitcoins for the same fee as sending one bitcoin, although greater fees can encourage faster transaction completion.

Since its public launch in 2009, Bitcoin's value has exponentially increased. From being sold for approximately $140 per coin to its current live price of $ 67,203.03 per (BTC / USD), with a current market capitalization of $1,324.62 billion USD. Bitcoin's value has more than doubled in the last 12 months, outperforming other major cryptocurrencies. And it is surely one of the greatest cryptocurrencies to add to your portfolio in 2024.

PlayDoge - Best P2E Doge Companion

Coming fourth on our list is PlayDoge, which is currently one of the best meme coins to buy this June and also one of the best cryptos buys for your portfolio in 2024. This meme coin has severally been referred to as the best P2E Doge companion game by various crypto experts and analysts.

PlayDoge is a mobile play-to-earn (P2E) game that turns the popular Doge meme into a Tamagotchi-style virtual pet. This coin merges the 90s nostalgia with financial rewards, and players can care for their PlayDoge and ensure its well-being through timely feeding, entertainment, training, and sleep. 

Players will earn $PLAY tokens to keep their PlayDoge healthy and complete mini-games. However, if your PlayDoge is not properly cared for, it may run away or die. So, to continue earning $PLAY prizes, you must stay involved and care for your pet. PlayDoge distinguishes itself with its unique blend of gaming and earning.

PlayDoge’s presale has raised over $4M so far, making it one of the most successful presales of the year. One $PLAY token is currently trading for $0.005, and you can purchase it in exchange for ETH, BNB, and USDT or directly through your debit or credit card. The project aims to raise $24.4 million through 40 rounds in its ongoing presale. 

Follow PlayDoge on X.

Buy PlayDoge

Ethereum - The Second Biggest Cryptocurrency by Market Cap After Bitcoin

Ranking fifth on our list is Ethereum. Ethereum is a community-run technology that powers the cryptocurrency ether (ETH) and hundreds of decentralized apps. It is a system that enables digital money, worldwide payments, and applications. The community has built a booming digital economy, which is open to everyone, wherever you are in the world – all you need is the internet.

Most importantly, Ethereum is a blockchain that supports smart contracts, allowing for more advanced use cases like decentralized lending protocols and non-fungible tokens. Vitalik Buterin founded the Ethereum project and published its whitepaper in late 2013, and by July 2015, the Ethereum blockchain was established.

One of the first use cases offered by Ethereum that gained popularity was the ability to create bespoke tokens that could be transacted on the Ethereum blockchain. Many projects used this capability to raise funds through Initial Coin Offerings (ICOs) and other forms of token sales.

Ethereum already has a thriving ecosystem of decentralized applications, including decentralized financial services, NFT markets, publishing platforms, decentralized cryptocurrency exchanges, and more, making it one of the best cryptos to add to your portfolio in 2024. 

ETH is the Ethereum blockchain's native asset, which incentivizes users to safeguard the network. The Ethereum network initially used a Proof-of-Work consensus mechanism but transitioned to Proof-of-Stake in September 2022.

Not only that, it is a cryptocurrency that promotes a more equitable financial system. Today, billions of individuals are unable to open bank accounts, and others have had their payments banned. Ethereum's decentralized finance (DeFi) system never sleeps or discriminates, and with an internet connection, you may transfer, receive, borrow, earn interest, and even stream funds from anywhere in the world.

Ethereum isn't just for digital money, it is the internet of assets. Anything you can own can be represented, traded, and put to use as non-fungible tokens (NFTs). You can tokenize your art and get royalties automatically every time it's re-sold. You can also use a token that you own to apply for a loan. The possibilities are constantly expanding.

The project has over 40,000 members on its ETH discord server and nearly 35K on X.

99Bitcoins - Innovative Learn-To-Earn Cryptocurrency

99Bitcoins comes sixth on our list and for a good reason. 99Bitcoins is considerably one of the best cryptos to buy for your portfolio in 2024. Since its inception, 99Bitcoins has been the most comprehensive online learning crypto resource. The project has recently launched its token, the 99Bitcoins token, which has been referred to as the future of learning to earn by several crypto enthusiasts.

With its new learn-to-earn token, 99Bitcoins is designed to reward individuals for learning about cryptocurrencies. The classic 99Bitcoins platform is integrating with BRC-20 to pioneer the L2E model on the Bitcoin blockchain, which is a good development since 99Bitcoins aims to pioneer the next evolution of rewards with Learn-to-Earn.

Since the BRC-20 token standard enables the building of dApps on top of the Bitcoin network, 99Bitcoins intends to leverage on it to create a synchronous Learn-to-Earn platform that rewards its users for learning about crypto. So for new traders who aspire to break into the cryptocurrency market, this is your go-to crypto as you can effectively kill two birds with it, learning while earning as well. 

As a $99BTC token holder, you’re set to enjoy several exclusive benefits. You get to say goodbye to dull lectures and endless textbooks as 99Bitcoin utilizes interactive learning modules, quizzes, and tutorials to make the learning experience engaging and enjoyable. So it doesn’t matter whether you're a visual learner or prefer hands-on activities, as 99Bitcoins caters to all learning styles.

As a token holder, you have the opportunity to join a vibrant community of traders to maximize their profit potential. When you join this community, you'll gain access to expert crypto trading signals that will help give you the edge in a fast-moving market. You will also be able to interact with other traders, learn from like-minded individuals, share insights, and expand your cryptocurrency expertise.

The best part of it all is that even if you don’t have time to learn, you can still earn. So, if you don’t have time to learn like millions of investors out there, you can earn rewards for staking your $99BTC tokens. The project is set to airdrop $99,999 worth of Bitcoin to 99 community members who join the 99Bitcoins Learn to Earn revolution early.

The presale has currently raised a total of $2.1 million which indicates a rise in investors’ interest. One $99BTC is currently trading for $0.00109 and can be purchased in exchange for ETH, BNB, and USDT. You can also make your purchase directly with your credit or debit bank card.

This project has a total of 21.9k followers on X. Follow 99Bitcoins on X.  

Buy 99Bitcoins

Solana - An Ultra-Fast Blockchain Platform for Decentralized Apps

Seventh on our list is Solana, a blockchain designed for mass adoption. It is fast, recyclable, environmentally friendly, and widely distributed. Solana is an open-source blockchain, which means that developers can use it in a variety of ways, from minting, selling, and trading nonfungible tokens to developing finance platforms such as decentralized crypto exchanges to building blockchain games, including Web3 games and partnering with big-name companies.

Solana is a blockchain network that is renowned for its speed and efficiency. SOL tokens are its native cryptocurrency, which is used to pay transaction fees. Since its launch in 2017, Solana has grown to become one of the largest cryptocurrencies in the world, making it the fifth-largest cryptocurrency by market capitalization.

Because the Solana blockchain supports smart contracts, developers can utilize it to create decentralized applications (dApps). One of the most exciting developments with Solana has been Solana Pay, a free-to-use payment framework that allows merchants to accept payments directly from customers through the Solana network. Payments are made using stablecoins such as USD Coin(USDC 0.01%), which are designed to maintain a stable price. By using Solana Pay, investors and businesses are like can avoid high payment processing fees.

This project has a total of 2.6 million followers on X. 

Mega Dice Token - The Number #1 GameFi Token on SOL 

Mega Dice is the last on our list of the 8 best crypto buys for your portfolio in 2024. Mega Dice is already a rapidly growing global crypto casino brand with over 50k players, 4k plus games from top providers, 50 plus sports and eSports, 10k plus active monthly players, and $50 million plus monthly wagering. Additionally, it was the first well-known, regulated casino to operate a Telegram store.

Mega Dice Casino has established a strong reputation as a top destination for cryptocurrency enthusiasts looking to enjoy a variety of games in a secure and fair environment. With years of experience in the industry, Mega Dice has established itself as a trusted brand and has previously been featured on reputable platforms such as Cointelegraph. 

Mega Dice is the number #1 GameFi on SOL, and it has just released its new native token, $DICE, which is currently on presale. The launch of $DICE further solidifies Mega Dice's commitment to innovation and customer satisfaction. The presale is now live, offering investors an opportunity to secure tokens at an exclusive rate. This is your opportunity to be part of the future of gaming finance with Mega Dice and $DICE tokens. 

Crypto gamblers know no other platform does it quite like Mega Dice. The new token has some interesting features and benefits that have heightened the interest of many investors so far. Mega Dice’s DICE token presents a fresh perspective that is easily distinguishable from other crypto-gambling tokens, and through its pioneering approach to token utility, DICE will nurture existing users while attracting new players.

For holders of $DICE that have their tokens staked, the project has introduced a kind of daily reward based on the performance of the Mega Dice casino. So now you can easily share in the success of one of the world’s fastest-growing online crypto casinos. You simply stake your $DICE and earn rewards for holding. There are also weekly cashback rewards of up to 15-50% just for playing with $DICE. 

Also, if you’re not a big fan of playing games and you’re looking to earn, the refer-and-earn option is available in this project. You will get a 10% commission for every purchase your referral makes. Now is the ideal moment to take advantage of all the advantages that come with owning $DICE. 

The $DICE token provides incentives such as exclusive access to new features, limited edition NFTs that can be swapped for special rights and prizes, early bird bonuses, and a referral program. It's not surprising that the presale is so popular.

Currently, a total of 20.5 million $DICE has been bought by investors, and the presale has raised over $1.4 million. One $DICE is currently trading for $0.075 and can be bought in exchange for SOL, ETH, USDT, BNB, and more recently with TON. 

Follow Mega Dice on X.

Buy Mega Dice Token

Is Crypto a Good Investment Right Now?

So, the big question - Is it a good time to buy cryptos right now? As it seems now, as we enter the second half of 2024, investing in cryptocurrencies has the potential to yield significant profits for several reasons. The crypto market is currently on an uptrend, with various cryptocurrencies experiencing significant growth. This upward trend since the beginning of the year is driven by various factors.

First, the increasing mainstream adoption. 

Several cryptocurrencies are gaining mainstream acceptance with more and more businesses and individuals using them for transactions and investments. Major corporations like Tesla, Microsoft, and Coca-Cola are now accepting cryptocurrencies as a payment method, which means that more and more companies and individuals are recognizing cryptocurrencies’ potential for efficient and secure transactions.

Individuals are using cryptocurrencies for everyday purchases, and more people are also leveraging cryptocurrencies for long-term savings and investment strategies, attracted by their potential for growth. Many leading platforms like PayPal, Square, and Venmo now offer cryptocurrency integration, which makes it easier for users to buy, sell, and hold digital assets. 

Even small business owners can now receive payments with cryptocurrencies like Bitcoin from customers worldwide without worrying about cross-border fees. Freelancers from any part of the world can now receive their payment in Ethereum, enjoying faster and cheaper transactions compared to traditional methods. Moreover, cryptocurrency ETFs have a huge impact on the growth of Bitcoin and the crypto market in general. 

This leads to discussions of Bitcoin becoming the new global currency and the speculations, once again, of Bitcoin reaching $100k and higher. Moreover, the YTD of the cryptocurrency total market cap stands at nearly 50%.

What’s more, the limited supply and increasing scarcity have also been major factors in the crypto's rise since the beginning of the year. The crypto market is heavily driven by the Bitcoin halving cycle, which occurred in April 2024. Historically, Bitcoin and crypto prices have tended to rise in the years since Bitcoin halved. 

Bear in mind that most cryptocurrencies have a fixed token supply, which means that only a set amount of coins will ever exist. This limited supply creates a sense of scarcity, driving up demand, which in turn causes an increase in prices and makes each coin or token more valuable. Many cryptocurrencies, like Bitcoin, Ethereum, etc, have a predetermined maximum supply, and this capped supply reduces the risk of inflation, as there is no possibility of excessive coin creation. The combination of limited supply and increasing scarcity creates a perfect storm of demand, driving up prices and making cryptocurrencies an attractive investment opportunity.

So, overall, investing in cryptocurrencies can be a good decision right now, but it all depends on your personal goals. Although the reasons above can certainly convince people to invest in cryptocurrencies, it’s important to remember that the crypto market is highly volatile. This means you must do your own research before any purchase you are planning to take, and understand all the implications of crypto investments. 

How Should You Build a Solid Crypto Portfolio?

With the cryptocurrency market booming and new investors flooding in daily, the importance of building a strong crypto portfolio cannot be overstated. Building a well-balanced cryptocurrency portfolio necessitates a deliberate approach, and in this section, we describe numerous methods for doing so. Here are some ways you can build a healthy cryptocurrency portfolio:

Buy Blue Chips And Cheap Cryptos

Whatever your risk tolerance, every strong crypto portfolio should begin with allocations to the industry's "blue chip" assets, such as Bitcoin and Ethereum. These top initiatives have the liquidity, adoption, and long-term viability to serve as the foundation for any portfolio. 

Bitcoin is the original and most valuable cryptocurrency, serving as both a store of value and digital gold. Ethereum is the dominant blockchain platform for decentralized applications, enabling the development of entirely new ecosystems such as decentralized finance (DeFi).

Bitcoin and Ethereum account for more than 60% of the total cryptocurrency market capitalization. As such, they should serve as the foundation of your portfolio before you add any additional cryptocurrency exposures. In addition, investing in cheap cryptocurrencies during their presale phase is critical because you never know which coin may burst later on; therefore, it is important to acquire cheap cryptocurrencies.

Diversification

Investing in cryptocurrency offers benefits that go beyond merely purchasing and retaining individual coins. Other sorts of cryptocurrency assets that you can learn about include smart contract platforms, decentralized finance (DeFi) protocols, layer-1 and layer-2 scaling solutions, Web3 infrastructure plays, stablecoins, and metaverse/NFT assets.

In addition to BTC and ETH, your portfolio could also include Solana (smart contracts), 99Bitcoins, Base Dawgz, Sealana, and Mega Dice Token. This diversification helps protect you against a single project or failure in the crypto industry. Diversifying your portfolio across various crypto assets greatly lowers your overall risk. This way, you aren't overly dependent on a single form of investment or project.

Risk Management

Set a budget, diversify your portfolio, and never invest more than you can afford to lose. Before purchasing any coins, consider your motives and risk tolerance for cryptocurrency investing. Are you planning to invest for long-term growth of 8-15 years or more? Or do you intend to actively trade and compound in the short term? How much capital do you feel comfortable risking throughout your whole portfolio at any given time? What percentage allocation limitations will you establish per asset?

By identifying these factors ahead of time, you'll be able to create a portfolio plan that corresponds with your unique goals while avoiding excessive risk. Those wanting maximum upside may invest in higher-risk altcoins, whilst investors seeking capital preservation may focus primarily on Bitcoin and Ethereum. So, from the beginning, explain your objectives clearly.

Final Word 

To sum up, the cryptocurrency market is currently experiencing an uptrend, with many major cryptocurrencies experiencing exponential growth. This has prompted both existing and new investors to diversify their portfolios. However, with thousands of cryptocurrencies to choose from, it can be tough to establish how to build a robust crypto portfolio that aligns with your investment goals and risk tolerance.

In this guide, we've compiled a list of the eight best top cryptos to add to your portfolio in 2024, as well as some reasons why investing in cryptocurrency today is a wise decision. So, whether you're just getting started or want to upgrade your portfolio, these cryptocurrencies are worth considering.

Buy Base Dawgz

 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Republican presidential candidate Donald Trump has said that he wants all remaining Bitcoin to be mined in the US, adding that such a move would help the country become energy-dominant.

During his meeting with several Bitcoin miners, Trump stated that Bitcoin mining could be the “last line of defense” against a CBDC (Central Bank Digital Currency).

Trump Throws Weight Behind Bitcoin Mining

The cryptocurrency industry is increasingly trying to woo US politicians as it continues to face scrutiny from regulators because of major bankruptcies at prominent crypto firms that led to losses worth billions. The bankruptcies also exposed rampant fraud and misconduct. Against this backdrop, Republican presidential candidate Donald Trump has thrown his weight behind crypto. In a recent meeting with Bitcoin miners, including executives of Nasdaq-listed Bitcoin mining firm CleanSpark Inc. and Riot Platforms, Trump stated he wants all the remaining Bitcoin to be mined in the US, adding that it would help the country become energy-dominant. In a post on the social media platform Truth Social, Trump stated, 

“Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT.”

A New Mining Hotspot

Trump wants US companies to ramp up Bitcoin mining using local resources. Mining hotspots include El Salvador, Germany, China, and several Central Asian countries. Trump has promised support for Bitcoin mining should he become president. He also became the first US presidential candidate to accept donations in cryptocurrency. 

Last Defense Against CBDCs 

Trump stated that Bitcoin mining could be the last defense against central bank digital currencies (CBDCs), which many believe are a significant threat to the US economy. CBDCs have become a major bone of contention in US politics, with Congressman Tom Emmer going as far as to say they could be used as a CCP-style surveillance tool that could destroy the American way of life during his presentation of the CBDC Anti-Surveillance State Act. 

“With this legislation, we are going to stop unelected bureaucrats in the Biden Administration from using a central bank digital currency that threatens to destroy the American way of life.”

In January, Trump stated that he would never allow a CBDC to be issued or regulated by the central bank. 

“Tonight, I’m also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a central bank digital currency.”

While Trump is skeptical about CBDCs, several countries are actively exploring them, with CBDCs in various stages of development. In October, the governing council of the European Central Bank announced it was advancing its digital euro project despite privacy concerns after ECB president Christine Lagarde stated that the Eurozone CBDC will not be fully anonymous. 

“We are working to protect privacy, but since digital money leaves a trace on the blockchain, it will not be completely anonymous as is the case with a banknote.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Blockchain and DeFi have cemented themselves and are steadily moving towards mass adoption — in Wall Street, that is. With the launch of the Bitcoin and Ethereum ETFs, it’s easier than ever for a person to invest in crypto, but usage is another matter.

With the original premise of blockchain being used for commerce and payments, very few projects are focusing on that today. Fuse.io is the exception, posting tremendous growth as it focuses on a number of payment-heavy use cases.

Launched in 2019 as a decentralized, blockchain-powered platform, Fuse.io aims to bring the DeFi to the masses and to simplify crypto payments. It achieves this by operating as a middleware layer that offers relay services and enables gasless transactions for merchants and users.

Having recently recorded over 1,000,000 user wallets amid steadily growing transaction activity on its chain, Fuse Network is quietly fulfilling its mission. Unlike some of the flashiest names of today’s crypto space, Fuse focuses on real world activity — an approach that in the long run beats short term hype from celebrity memecoins.

The Fuse Network and how it works

The Fuse Network is made of various components, starting with the Fuse blockchain and extending to a mobile-centric open-source technology stack and a dedicated SDK for DeFi products and tools.

The Fuse Network Blockchain, which powers the Fuse Platform and its entire ecosystem, is a decentralized, EVM-compatible public blockchain that utilizes various forms of delegated Proof-of-Stake (dPoS) consensus.

In this consensus mechanism, the network consists of multiple nodes and validators that operate in turn, with one validator continuously managed by the core team. This system ensures very high-speed and highly scalable transactions: Fuse can process hundreds of transactions per second and the average time to confirm a block on Fuse is around 5 seconds with minimal costs of less than a penny.

At the same time, this mechanism maintains a decentralized and democratic environment: delegates are accountable to the community of stakeholders, and everyone has the opportunity to become a validator.

Fuse Wallet SDK and Bitazza’s Freedom Wallet 

On the path to increase blockchain adoption and facilitate crypto payments for users while enhancing trust for merchants, the Fuse Wallet SDK is specifically designed to facilitate developers to create blockchain apps for commerce. 

The Software Development Kit (SDK) serves as a valuable resource for businesses, including e-commerce platforms, looking to explore cryptocurrency trading. With this kit, Fuse aims to simplify the integration of cryptocurrency payments into mobile apps and the development of custom mobile wallets.

One noteworthy example of leveraging the FuseBox developer toolkit is the Freedom Wallet developed by Bitazza, a longstanding partner of Fuse.

Bitazza’s Freedom Wallet is designed to offer users the most intuitive, non-custodial mobile wallet experience for seamless cryptocurrency transactions both online and offline. This is made possible through the efficient and cost-effective technology provided by Fuse, along with Visa's prepaid card integration. The user-friendly interface of the Freedom Wallet App owes much to Fuse's Mobile Wallet SDK, which facilitates the delivery of a smooth and intuitive end-user experience.

Fuse Bridges and Token Bridge 

Another vital component that streamlines crypto payments and simplifies the DeFi environment is the capability to seamlessly move assets from one chain to another. As an integral part of Fuse’s mission, the blockchain platform offers bridges to transfer funds and NFTs across different networks.

Moreover, Fuse recently launched a beta version of a token bridge in collaboration with LayerZero. The token bridge is safeguarded by Web3 security experts IronBlocks and it aims to enhance interoperability of FUSE, USDC, and WETH between Fuse Network, Polygon, Optimism, and Arbitrum.

Staking FUSE to become a delegator and earn rewards

The Fuse Network is underpinned by its staking mechanism, which allows users and maintainers of the network to benefit from its growing adoption, strategic partnerships and innovative products.

Any FUSE holder can delegate their stake to existing validators, or go through the election process themselves. Both processes are very simple to do, thanks to the Fuse Staking Dapp.

With its growing user base, innovative products, and strategic collaborations, Fuse.io is making significant strides in integrating blockchain technology into modern finance. By offering user-friendly solutions and enhancing network interoperability, Fuse.io addresses the limitations of traditional banking systems and complex DeFi protocols. 

Though Fuse’s focus may not be as immediately noticeable as the usual flashy crypto narrative, focusing on the fundamentals sets it up nicely for attracting a real user base who is benefiting from crypto beyond its use for trading. With its commitment to ongoing development and community-driven growth, Fuse.io is poised to play a pivotal role in the future of decentralized finance.

 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Depositphotos

Fully vertically integrated blockchain Supra has announced a $100M fund to kickstart ecosystem development. The fund has been designed to incentivize third-party developers to create and deploy applications on the Layer 1 chain, which boasts multi-VM support.

Dubbed the Super dApp Showdown, the contest has been designed in the manner of a TV game show, complete with unique seasons and a panel of noteworthy judges tasked with identifying the ultimate winners. The maiden season of Super dApp Showdown is set to commence in August and will see teams compete for a share of the $100M prize fund.

 

From the top Web3 champs to new challengers, get ready for the ultimate arena -- The Super dApp Showdown.https://t.co/HxC3DbwgNYWe're taking blockchain to the next level with full vertical integration of all core services and multiple VMs into one powerful Layer-1 for Super… pic.twitter.com/lsQbtvVTB6

— Supra (@SUPRA_Labs) June 13, 2024

 

Bringing Top Talent to the Table

Web3 developers entering the industry are faced with the difficult task of picking the blockchain ecosystem in which they wish to operate. The architects of L1 and L2 chains, meanwhile, are competing to attract developers who can create applications with genuine utility that will attract real users. Through incubation and grant programs, blockchains can incentivize developers to build on their network while providing the network and investor introductions to help these teams realize their full potential.

In the case of Super dApp Showdown, the contest judges will comprise Supra as well as representatives from Google Cloud, Republic Crypto, Hashkey Capital, and the crypto-focused reality show Killer Whales. It’s an eclectic mix of judges who will hopefully be appraising an equally eclectic bunch of dApps spanning use cases ranging from GameFi to DeFi.

According to Supra CEO Joshua Tobkin, “Attracting the right builders and founders requires a combination of capital and exposure. Along with access to Supra's $100 million ecosystem fund and 500k verified token holders, projects will also have the chance to get featured on Killer Whales, benefiting from their exceptional team, high-quality production, and significant visibility.”

With a potential reach of 600M viewers, there’s scope for Killer Whales to shine a spotlight on Supra while also raising the profile of the successful dApp developer contestants.

The Future Is Supra

Supra has been designed as an all-round L1 that can outcompete older smart contract chains such as Ethereum. It comes equipped with all the tools and features that developers and users expect from so-called next generation chains including reliable oracles, interoperability, and verifiable randomness – something ideal for devs creating gaming applications.

While every modern blockchain has been designed with scalability paramount, Supra has benchmarks that are impressive, not just by web3 standards, but by those of traditional payment methods too. Supra’s Moonshot consensus mechanism enables throughput of over 500K tps with 500-millisecond optimistic finality and 1.5-2 second full finality.

These sort of benchmarks suggest that one of the best use cases for Supra may be in the creation of high volume payment applications. But the devs who sign up for season one of the Super dApp Showdown may see things differently. All will be revealed when the winners of the inaugural Supra contest showcase their creations on Killer Whales later this year.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

Polkadot (DOT) made a strong recovery on Wednesday, registering an increase of $5.61% and rising to $6.73 after its crucial support level held yet again.

Polkadot (DOT) has faced considerable selling pressure over the past few days, with sellers dominating the market and pushing the price from $7.26 to as low as $6.01.

Polkadot (DOT) Registers Near 6% Increase

Polkadot (DOT) has been range-bound since the middle of April and has been facing considerable selling pressure since it reached $7.26 on Wednesday (June 5th). As we can see from the price chart, DOT faces a strong level of resistance at this level. DOT could not move past this resistance and fell back in the red on Thursday (June 6th), registering a drop of 1.65% to $7.14. Selling pressure intensified on Friday (June 7th), as DOT dropped as low as $6.01 before making a recovery and settling at $6.66, a drop of almost 7%. DOT continued to drop on Saturday (June 8th), falling by 4.20% to $6.38.

DOT has had a strong level of support in this zone and was able to register an uptick of 2.35%, rising to $6.53 on Sunday and ending the previous week on a positive note. However, the current week saw DOT back in the red, registering a marginal drop on Monday. It continued its downward trajectory on Tuesday, dropping by 2% to $6.37. However, DOT was able to make a strong recovery once again from this level, registering an increase of almost 6% and rising to $6.74. The current session sees sellers back in control, with the price down by 3.26% at the time of writing.

Sideways Consolidation For Polkadot (DOT)?

Looking at the Polkadot (DOT) price chart, we can see that DOT faces considerable selling pressure at $7 and $7.50. The asset’s current price is around its support zone, an area that has significant demand. As a result, the bearish momentum drops significantly when DOT drops to this level. The current session sees buyers and sellers struggling to control the market. However, DOT’s recent price movements indicate that buyers could dominate sellers should DOT drop to its support level once again.

Source: TradingView

It’s crucial to keep an eye on DOT’s support and resistance levels, as they play a significant role in any significant price movement. If DOT’s support level is unexpectedly broken, we could see the price drop to as low as $6. However, if DOT is able to recover, we could see it reclaim the $7 zone. For now, we could see a period of sideways consolidation before any major movement in either direction.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The government of Zimbabwe is actively seeking feedback on digital asset regulation as it embarks on creating its crypto framework while grappling with an inflation crisis. 

The country hopes to create a regulatory structure tailored to its specific needs and market conditions. 

Zimbabwe Consulting Crypto Firms

According to reports, the government of Zimbabwe has already established a committee to engage with and gather information from crypto companies offering their services in the country. The deadline for comments on its policy is June 26. The country’s Permanent Secretary for Information and Publicity, Nick Mangwana, said that the latest initiative hopes to help officials comprehensively understand Zimbabwe’s virtual asset ecosystem. He added that this would help officials evaluate the dangers of cryptocurrencies being misused for illicit activities and money laundering. 

“In line with global trends and best practices, Zimbabwe is embarking on an exercise to assess and understand the crypto-currency (also referred to as virtual assets) landscape in Zimbabwe. The purpose of the exercise is to, among other things, determine the nature and extent of the crypto-currency ecosystem in Zimbabwe. Given the anonymity and decentralization that characterize these digital assets, it is crucial to identify and mitigate any associated risks.”

The government hopes that consulting with crypto-focused companies can help it create a regulatory framework tailored to the country’s needs. The framework will primarily focus on balancing innovation and ensuring the security and integrity of Zimbabwe’s financial system. 

Can Crypto Ease Zimbabwe’s Financial Woes?

Zimbabwe’s quest to create a robust crypto framework comes as several countries in Africa grapple with turbulent economic situations. Zimbabwe itself is struggling with high inflation, which has had a detrimental impact on its economy. Zimbabwe’s Central bank, the Reserve Bank of Zimbabwe, introduced a gold-backed digital currency called Zimbabwe Gold (ZiG) to address rising inflation despite warnings from the International Monetary Fund (IMF). The digital currency was somewhat of a success, with the government announcing in October that it could also be used as a payment method. 

“The issuance of the gold-backed digital tokens is meant to expand the value-preserving instruments available in the economy and enhance divisibility of the investment instruments and widen their access and usage by the public.”

Zimbabwe has struggled with inflation and currency fluctuation for over a decade. After a period of hyperinflation, Zimbabwe switched to the US Dollar as its official currency in 2009. It reintroduced the Zimbabwe Dollar in 2019 in an attempt to boost a slowing economy. However, after another cycle of volatility, authorities decided to switch back to the US Dollar to control inflation. 

The Reserve Bank of Zimbabwe’s 2024 Monetary Policy statement states that the government will recalibrate its monetary policy framework to re-anchor price and exchange rate stability, helping boost confidence in the local currency. 

“The Bank’s priority policy focus is critical for supporting the economy’s growth prospects through the restoration of stability, convertibility, and transactional convenience of the local currency.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

This brings decentralized finance (DeFi) capabilities to Bitcoin, allowing users to stake, borrow, lend and supply liquidity for additional yield. 

Native Bitcoin Layer 2 blockchain Merlin Chain announced its support for Bitcoin, allowing holders of the world’s most valuable cryptocurrency to start enjoying DeFi capabilities. The platform aims to unleash BTC’s potential, allowing holders to stake, borrow, lend, provide liquidity and bridge their assets in a seamless and low-cost way. 

Merlin Chain integrates the ZK-Rollup network, decentralized oracle networks, and on-chain BTC fraud-proof modules to offer bitcoiners the opportunity to enjoy DeFi while retaining the security proficiency that the Bitcoin Layer 1 chain offers. This opens up opportunities for Bitcoiners, who have had to wait for years, to enjoy DeFi capabilities like other blockchains, mainly Ethereum. 

With the constant battle between the two largest cryptocurrencies raging on – Bitcoiners arguing for the superior security its chain offers and Ether heads the DeFi sector – Merlin Chain combines the best of both worlds. Following its launch, Bitcoiners will enjoy abundant yield-generating avenues, including staking rewards, liquidity mining, and yield farming, which was impossible before. 

Speaking on the support for BTC assets, Merlin Chain Founder Jeff Yin, praised the steps BTC has made in the past decade and a half but bemoaned the missed opportunities that investors have had in comparison to other blockchain ecosystems.

“Everyone knows bitcoin has been one of the best-performing assets over the past decade, hilariously detonating the cynical predictions of many anti-crypto critics, but holders have missed out on yields that other ecosystems provide,” said Yin. “We are therefore delighted to finally grant BTC investors and hodlers concrete incentives to not just HODL, but earn and participate in the exciting DeFi ecosystem!”

Integrating DeFi into the oldest crypto ecosystem

Merlin Chain allows BTC holders to earn yield simply by bridging their assets to the network using the Merlin bridge (currently in beta). Once bridged, the BTC assets are locked on Layer 1 and receive gas BTC which can be staked into Merlin’s PoS mechanism. This process generates M-BTC, a wrapped bitcoin asset that earns staking rewards akin to stETH.

The M-BTC assets can then be used widely across the DeFi ecosystem. Holders of M-BTC can stake their assets in DeFi platforms and earn yields, supply liquidity to leading DeFi apps integrated with Merlin Chain, explore lending and borrowing using their M-BTC, and bridge  SolvBTC assets out to Bitcoin Layer2 networks like Linea to earn rewards. 

“The use cases we have unlocked effectively mimic those of Ethereum’s mature DeFi ecosystem,” said Yin. “Only now, they are powered by the security and scarcity of the Bitcoin network, and tap into probably the most ardent crypto user base that exists.”

Unlocking the DeFi ecosystem for Bitcoin holders

In the past month or so, Merlin Chain has transacted over $13 billion worth of BTC via its bridge while over $700 million worth of BTC has been distributed from Merlin out to Layer2 networks offering complimentary rewards. In addition, the platform boasts over $2.7 billion in total locked value (TVL) across its DeFi ecosystem. 

The blockchain is also in strategic partnerships with some of the leading crypto custodians and platforms including FireBlocks, Cobo, Polygon, Lumoz, and Bitmain subsidiary Antalpha. Merlin Chain also has an extensive list of investors including ViaBTC, Kucoin Exchange, Foresight Ventures, OKX Ventures, etc. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

The capital will further expand the development of the gaming ecosystem and enhance the adoption rates of Pixelverse globally. 

Pixelverse, a rising blockchain-based play-to-earn game, announced the successful closure of its latest funding round, adding $5.5 million to its capital base. The additional funds are set to improve development across its gaming ecosystem and entertainment studio, to further Web 3 gaming adoption globally. 

The capital raise welcomed some of the top-tier VC firms across the Web 3 ecosystem, including Delphi Ventures, Merit Circle, Mechanism Capital. Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. The funding round also saw participation from angel investors such as Sébastien Borget founder of The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.

According to Piers Kicks, founding partner of Delphi Ventures, the latest funding is expected to drive massive developments and adoption rates to Pixelverse, further cementing its place as one of the fastest-growing Web 3 games globally. Speaking on Delphi Ventures’ latest funding, Kicks added: 

“We are pleased to be backing Pixelverse as they aggressively leverage Telegram’s distribution to drive a massive audience into their ecosystem. The team has a finger on the pulse of the market, and we’re excited to see what this in conjunction with community feedback brings as they deliver on their ambitious roadmap this year.”

The game involves an immersive cyberpunk pixelated universe that offers captivating quest-based battles and PvE encounters. Players engage in adventure-intensive battles, collecting valuable items, and improving their skills as they progress through an extensive narrative and quest system. The latest capital raise follows a spectacular opening month for the Pixelverse gaming ecosystem, where the ecosystem welcomed over 15 million users and a further 5 million active daily users. 

Speaking on the massive player growth numbers, Kori Leon, COO of Pixelverse and former Binance Listing team said: 

"Never in my time at Binance did I see a company with such strong adoption metrics in such a short space of time. Pixelverse is truly a game changer for web3 adoption and it's incredible to see not only the growth in our userbase but also the deep connections and interactions formed within the community.”

The funding is expected to expand Pixelverse’s adoption strategy, with a goal of bringing over 100 million players to the ecosystem – making it one of the world’s largest games. 

“Closing this round will allow us to expand our adoption strategy as we continue on our journey to become a leading gaming and entertainment hub not only in the web3 space but globally,” Leon added. 

Apart from its explosive growth numbers, Pixelverse has also witnessed massive developments on its platform. By introducing the Tap-to-Earn mechanism, via its Telegram-based mini-game, PixelTap, players can earn rewards by simply clicking and fighting other players in real time. So far, PixelTap records more than 10 million battles daily. 

Finally, Pixelverse is also planning to expand its browser-based Pixelverse realm to encompass a universe replete with multiple mini-games and immersive storytelling. According to the team statement, the latest changes are in line with the employment of a world-renowned art director and world builder, who will work on the project.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

Mike Ermolaev continues the GoCrypto interview series, powered by GoMining, this time featuring an insightful conversation with Jeremy Allaire, Co-founder, CEO, and Chairman of Circle, global financial technology firm and the issuer of the leading regulated stablecoin, USDC. 

In this interview, Allaire discusses Circle's significant milestone of launching in Brazil, the transformative potential of USDC in the Brazilian market, the growing adoption of USDC for cross-border payments, and the potential collaboration between private sector stablecoins and public sector CBDCs. He also delves into how Circle ensures transparency and oversight, the future developments of USDC, and the role of AI in enhancing blockchain technology.

Bringing USD-backed Digital Dollars to Brazil

Circle's recent official launch in Brazil marks a significant milestone in bringing USD-backed digital dollars and digital asset infrastructure to the Brazilian fintech-forward market. When asked about Circle's partnerships with local leaders like BTG Pactual and Nubank, Allaire highlighted the transformative potential these collaborations have on Brazil's financial landscape. 

 "Brazil is at the forefront of fintech innovation, and Circle’s launch in the market is an opportunity to deliver highly demanded, near-instant, low-cost and 24/7 access to USDC - USD-backed digital dollars - and digital asset infrastructure via our in-market partners: BTG Pactual, Nubank and Mercado Bitcoin to name a few. USDC opens the door to the global financial market, facilitating international transactions without high fees and is the fastest and most cost-efficient way to deliver digital dollars to the Brazilian market," he explained. 

USDC in the International Arena

Allaire also discussed the international reach of USDC, noting that 75% of USDC activity is international, used increasingly for cross-border payments and as a digital cash instrument with tokenized real-world assets.

 "We are in the early stages of massive opportunity as we see increasing adoption of USDC for cross-border payments – people around the world share a need and desire to send, spend and save money at the speed of the internet. Around the world, policymakers and regulators are codifying how stablecoin and blockchain innovations can operate," he noted. 

Collaboration between Stablecoins and CBDCs

The collaboration between private sector innovations like stablecoins and public sector CBDCs was another focus point of the discussion. Allaire highlighted the complementary roles stablecoins and CBDCs can play in creating a modern, interoperable financial infrastructure:

 "Combined with the openness to innovation that has fast become a hallmark of Brazil’s financial ecosystem - as evidenced by the rapid adoption of Pix - and our partnership with leading financial and digital financial institutions in Brazil, we hope to make digital dollars like USDC more accessible to everyone. Specifically, we are encouraged by efforts such as DREX which aim to build on the power of Ethereum to enable onchain BRL in a secure and compliant manner and see opportunities to connect that infrastructure with USDC, EURC and other regulated stablecoins."

Enhancing User Experience with CCTP

Circle's Cross-Chain Transfer Protocol (CCTP) improves user experience and capital efficiency by allowing seamless transfers of USDC across different blockchains. Unlike traditional methods that rely on wrapped tokens, CCTP operates by directly minting and burning USDC on the respective blockchains, thus eliminating the need for bridged token versions and the associated risks and complexities.

"CCTP is a permissionless protocol that enables USDC to flow natively across supported chains, delivering an unparalleled level of interoperability, security, liquidity and simplified user experiences. Exchanges, bridges, and apps that embed CCTP can enable users to 'burn and mint' USDC natively, which results in USDC essentially 'teleporting' from one blockchain to another. CCTP helps with rebalancing treasuries and enables new cross-chain experiences. By avoiding the complications and risks of traditional 'lock and mint' approaches, CCTP brings a secure, permissionless, and capital-efficient way to transact with USDC in an increasingly multi-chain environment," Jeremy noted. 

Leveraging AI and Blockchain Technology

Allaire was also optimistic about the confluence of AI and blockchain technology, particularly in how Circle leverages AI to drive internal efficiencies.

 "Our focus right now is on leveraging AI to drive internal efficiencies with how we run Circle. But the confluence of AI and blockchain technology - and therefore USDC - is going to happen. As machine-to-machine interactions grow as a result of AI, what could be better at facilitating the payments they initiate than blockchain technology, which is global, interoperable, runs 24/7, and needs few intermediaries?” he suggested. 

Commitment to Transparency

In response to a question regarding Circle's transparency and oversight, and the role third-party audits play in this process, Allaire said that USDC reserve holdings are fully disclosed on a weekly basis, along with associated mint/burn flows.

 "Additionally, a Big Four accounting firm provides monthly third-party assurance that the value of USDC reserves are greater than the amount of USDC in circulation. The reports are prepared according to attestation standards set out by the American Institute of Certified Public Accountants (AICPA)," he added. 

Ensuring Safety and Liquidity of USDC Reserves

Allaire also explained Circle's approach to managing counterparty risk and ensuring the safety and liquidity of USDC reserves

 "The majority of the USDC reserve is held in the Circle Reserve Fund (USDXX), an SEC-registered government money market fund that features daily, independent, third-party reporting - publicly available here. The remainder of the reserve is held in cash, and almost entirely with a handful of the world's largest banks with the highest capital, liquidity and supervisory requirements in the world." 

Circle's Long-Term Vision for USDC

Looking ahead, Allaire shared Circle's long-term vision for USDC over the next five to ten years, particularly its role in the global financial system.

 "A new internet financial system is emerging. Thanks to the power of USDC, blockchain networks, and some of the world’s best developers and technology companies, the financial system is being upgraded. It is faster, easier, and safer, making money open for all. We see the accelerating migration of commerce to the blockchain as the next wave of this decades-long trend of digital transformation, with a social and economic impact potentially larger than that unleashed by the original internet in the 1990s and early 2000s. In the coming years, we expect millions of businesses and billions of people to begin using this new, open Web3 internet layer to transact trillions of dollars in value," he concluded. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Polkadot and Cosmos, two innovative blockchain protocols, share a common end goal but take distinct and fascinating paths to achieve it. Both protocols enable communication between different state machines through an interface, showcasing their unique and forward-thinking design.

The creation of Polkadot and Cosmos was driven by the recognition that the future of blockchain will require multiple interconnected chains, emphasizing the importance of interoperability over isolation.

Polkadot vs. Cosmos: Sharded Model vs. Horizontal Scalability

First, let’s look at how each protocol achieves scalability, starting with Polkadot. Polkadot uses a sharded model, with each shard having an abstract state transition function (STF). It uses Web Assembly (WASM) as a meta protocol. Shards on Polkadot are known as parachains. Whenever a parachain makes a state transition, it must submit a block, along with a state proof. This state proof is verified by Polkadot validators and then finalized for the Relay Chain, Polkadot’s primary chain. All Polkadot parachains submit and share their state with the entire system, meaning any re-organization of a single parachain would also require a re-organization of all parachains and the Relay Chain.

On the other hand, Cosmos uses horizontal scalability facilitated by app chains. The Cosmos Network comprises over 100 Inter Blockchain Communication Protocol (IBC)-connected chains. These include Osmosis, Celestia, dYdX, v4 Chain, Injective, and the Cosmos Hub. Each chain is responsible for securing the chain with a sufficiently staked and decentralized validator set. However, they can also leverage the shared security of the Cosmos Hub. Chains on Cosmos use the Inter Blockchain Communication Protocol. Chains on Cosmos do not share state, meaning the re-organization of a single chain will not lead to re-organizing other chains on the protocol.

Polkadot vs Cosmos: Architecture

The Relay Chain is the primary chain in the Polkadot ecosystem, and all validators in the Polkadot ecosystem are based on it. Parachains have collators who are responsible for constructing and proposing blocks to validators. They can submit a single parachain block for every Relay Chain block once every six seconds. Once a block is submitted, validators perform availability and validity checks before they commit it to the main chain.

Polkadot has a limited number of parachain slots. Parachain candidates must participate in an auction. If successful, they can reserve a parachain slot for up to two years.

Cosmos uses CometBFT as its consensus engine, Cosmos SDK as its VM, and the IBC protocol, which facilitates interoperability between chains.

Polkadot vs Cosmos: Consensus

Polkadot uses a hybrid consensus protocol combined with two sub-protocols: BABE (Blind Assignment for Blockchain Extension) and GRANDPA (GHOST-based Recursive Ancestor Deriving Prefix Agreement). BABE uses a verifiable random function (VRF) to assign slots to validators, guaranteeing each slot has an author. GRANDPA votes on chains instead of individual blocks.

Cosmos uses Tendermint to provide instant finality. Block production and block finalization are on the same path, allowing Cosmos to produce and finalize one block at a time.

Polkadot vs Cosmos: Staking Mechanics

The staking mechanics of Polkadot and Cosmos are quite different. Polkadot uses Nominated Proof-of-Stake (NPoS) to select validators using the sequential Phragmen algorithm. The validator set size is set through governance mechanisms. Stakers who do not wish to run validator nodes can nominate up to 16 validators.

Meanwhile, Cosmos uses a variant of Delegated Proof-of-Stake called Bonded Proof-of-Stake to choose validators. Stakers on Cosmos must bond funds and submit a delegate transaction for each validator and the number of tokens they wish to delegate. Cosmos plans to support up to 300 validators, while Polkadot plans to have 1000 validators.

Polkadot vs Cosmos: Prioritizing Interoperability

Polkadot is based on the principle that scalability and interoperability require a shared validation logic to create a trust-free environment. As more and more blockchains are created, their security must be cooperative instead of competitive. Polkadot provides shared security and validation across chains, allowing them to interact freely.

Meanwhile, Cosmos uses the IBC to connect chains with independent security guarantees. When data is sent between chains, the receiving chain must trust the chain sending the data. Each blockchain in the Cosmos ecosystem has its own security mechanisms. However, they also have the option of leveraging the security of the Cosmos Hub.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In the world of digital assets, blockchain, and cryptocurrency, we are standing at the dawn of a new era.

Month by month, crypto is winning over new leaders, executives, and even entire countries. This momentum will only accelerate throughout the decade.

The tide has turned. Congress is embracing the crypto wave. The Senate is backing Bitcoin. Lawmakers globally are rallying behind cryptocurrency.

Regulation is finally catching up.

Over 90% of the world’s banks are diving into blockchain technology. Last year alone, Bank of America filed over 160 patent applications for digital payment innovations.

This is an economic revolution.

Investor Raoul Pal declared, 

“This is probably the greatest opportunity for investment and wealth generation that we’ve ever been given.”

Yet, amidst this explosive growth and unparalleled opportunity lies a shadow.

Scams, fraud, rug pulls, liquidations…

Introducing the solution: Locked Money (LM).

What is LM?

LM is the ultimate platform for managing and safeguarding digital assets. It’s a secure, tax-optimized vault designed specifically for crypto investors.

LM simplifies the complexities of asset management, tax optimization, and security.

Our vision is clear:

“We make it simple for users to maximize their digital wealth with a service that’s safe, tax-efficient, and user-friendly.”

Locked Money aims to be the premier choice for Web 3.0 users, making financial transitions into and out of the crypto space seamless.

Key Benefits of LM:

1.  Extra Security  2. Asset Protection  3. Tax Optimization

Extra Security:

Our top priority is security.

LM provides a secure environment for storing crypto assets, eliminating the primary risk: losing your seed phrase. With LM, seed phrases are a thing of the past.

Our platform ensures greater protection through multi-signature vaults for secure transactions, offering peace of mind to every investor.

We’re the fortress against the risks that plague the crypto world. As the industry shifts to Web 3.0 and self-custody, LM offers the benefits of centralized exchanges combined with the control of self-custody.

Legal Benefits:

LM users gain access to a powerful tool: Foundations.

Historically, Foundations (or Trusts) have been exclusive to the wealthy, serving as vehicles for asset protection and tax optimization.

Setting up a Foundation traditionally costs upwards of $100,000 and involves navigating complex legalities.

There are two main advantages of a Foundation:

1. Asset Protection 2. Tax Optimization 

High-net-worth individuals have long used Foundations to shield their assets and optimize taxes. By transferring assets to a Foundation, these assets are protected and no longer appear on personal balance sheets. The individual remains the sole beneficiary, enjoying the benefits without personal ownership. This structure also provides significant tax advantages. Income generated by Foundation-held assets isn’t taxed at a personal level but at a Foundation level, offering substantial savings on capital gains taxes. 

In Conclusion:  The Future is Locked.Money

We are crafting a game-changing platform in the crypto space: a self-custodial asset management solution, legally structured to provide benefits traditionally reserved for the wealthy.   Locked Money is a secure, tax-optimized vault for crypto investors, offering a new generation of asset management.   It’s a comprehensive suite of services, merging the best of blockchain security, tax optimization, and seamless crypto-to-fiat transaction.

 Get ready. 

Locked.Money promises to transform how you secure and grow your digital wealth. And it’s arriving soon…  

To discover more visit:  Locked.Money  Join us on Telegram:  https://t.me/locked_money

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

New crypto launch Base Dawgz continues its stellar performance in the presale. In just over a week after its launch, the new meme coin has now raised over $1 million in its ICO. 

DAWGZ’s impressive fundraising figures have caught the attention of deep-pocketed meme coin investors, several of whom are now bullish on the token. 

Popular YouTube trading expert ClayBro - who has over 130k subscribers - even made a bold statement regarding DAWGZ’s upside potential, hinting that the meme coin could potentially create millionaires.

Why Investors are Bullish on Base Dawgz?

Base Dawgz is a new multi-coin, live on Ethereum, Solana, Avax, BNB Smart Chain and Base. However, as the name suggests, it is primarily native to the Base chain and is aiming to be one of the biggest meme coins within the ecosystem. 

Brett’s explosive price rally has garnered significant attraction towards Base meme coins. Indeed, Brett has rallied close to 400% over the past month, resulting in a strong bounce in other Base tokens such as Basenji and ChompCoin. 

However, the Base meme token sector is largely untapped, with Brett being the only token with a market cap north of $1 billion. Furthermore, only two tokens have a valuation higher than $100 million, neither of which are dog-themed tokens. 

Base Dawgz is poised to fill this vacuum, making it one of the most important new crypto launches to watch. Smart money traders such as Matthew Perry have agreed with this sentiment in their recent videos, claiming that it could replicate Brett’s explosive price action. 

How Token Holders Can Maximize Their Returns With This New Crypto Launch?

As previously mentioned, experts such as ClayBro believe that DAWGZ could potentially create millionaires. 

As such, several meme coins have turned small-scale investors into millionaires. However, the key remains to invest in tokens early before the FOMO kicks in.

Investors looking to maximize their returns with Base Dawgz can invest in this new crypto launch early during the ongoing presale. Currently, the DAWGZ price stands at $0.00502. However, it is set to increase early next week after the completion of the current presale stage. 

However, the rewards and benefits do not end for DAWGZ holders just yet. 

Indeed, Base Dagwz has introduced a novel share-to-earn utility. Participants can now earn free crypto for sharing DAWGZ-related content on their social media, whether it be memes or the latest project updates. 

Initially, they will earn airdrop points, which could later be exchanged for additional $DAWGZ tokens. 

Alternatively, Base Dawgz has its own refer-to-earn program. Participants can create their own referral links from the presale website and receive a percentage of the investments made through their links during the presale.

Base Dawgz token holders can also stake their holdings - starting from the presale itself - and earn attractive passive income. The staking protocol will go live on the Ethereum chain and only investors buying the new meme coin with ETH will be able to benefit from it. 

However, thanks to the project’s use of advanced Web3 tools such as Wormhole and Portal bridge, token holders can take full advantage of DAWGZ’s multi-chain nature. They can switch their holdings from one chain to the other with simply a few clicks. 

Interested investors can head to the Base Dawgz website and purchase the meme coin using the over-the-counter widget. 

Visit Base Dawgz Presale

 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The world’s largest bank, the Industrial and Commercial Bank of China (ICBC), has showered praise on Bitcoin and Ethereum, calling them “digital gold” and “digital oil,” respectively. 

ICBC had high praise for Ethereum, stating that it had established itself as “digital oil” capable of powering an array of applications across the Web3 ecosystem. 

Praise For Bitcoin And Ethereum 

The comments were made in an in-depth analysis of the cryptocurrency ecosystem that highlighted the growing diversity and rapid evolution of cryptocurrencies. The report also stated there was an increasing demand in the market for digital assets, which in turn was fueling innovation in the sector. According to the ICBC, Bitcoin had retained a scarcity similar to that of gold, thanks to its mathematical consensus mechanism. Bitcoin has overcome several portability, divisibility, and authenticity verification issues. It also added that despite Bitcoin’s waning monetary attributes, its status as a valuable asset was solidifying. 

“Bitcoin retains the scarcity similar to gold through mathematical consensus while solving its problem of being difficult to divide, difficult to identify authenticity, and inconvenient to carry. Its monetary attributes are gradually weakening, while its asset attributes are constantly strengthening.” 

It is also called Ethereum “digital oil” and provides the technical power for a digital future and drives an array of applications across the larger web3 ecosystem. Ethereum incorporates Turing completeness through Solidity, its programming language, and the Ethereum Virtual Machine. This feature allows developers on the platform to create and manage highly complex smart contracts and applications, helping position Ethereum as a crucial platform for the DeFi ecosystem and NFTs. ICBC also highlighted Ethereum’s potential to influence decentralized physical infrastructure networks (DePin). 

Challenges For Ethereum 

Despite the praise, the ICBC acknowledged that Ethereum faced several challenges, such as scalability issues, security vulnerabilities, energy consumption, and high computational demand. Ethereum developers are working to address these issues. The transition to Proof-of-Stake and the introduction of sharding technology have helped enhance network throughput, scalability, and sustainability. 

“Ethereum has been continuously upgrading its technology in terms of security, scalability, and sustainability, providing technical power for the digital future. Ethereum introduces Turing completeness with its exclusive programming language (Solidity) and virtual machine (EVM), allowing developers to write and arrange for a variety of complex smart contracts and applications, providing a strong platform support for blockchain technology. Its flexibility has been widely recognized in the fields of decentralized finance (DeFi) and non-fungible tokens (NFT) and is gradually extending to the physical infrastructure network (DePin). Looking ahead, Ethereum developers will continue to work on finding the Pareto optimum between sustainability, security, and efficiency.” 

The Importance Of Stablecoins And CBDCs 

The ICBC report also highlighted the role played by stablecoins and CBDCs in bridging the divide between digital currencies and the real world. According to the report, stablecoins help facilitate seamless transactions and provide holders with a reliable store of value. This property makes them a vital part of integrating digital currencies and the global financial system. The report also states that CBDCs can streamline cross-border transactions and reduce the over-dependence on intermediaries. They can also offer greater financial inclusion by allowing unbanked individuals to access financial services.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The hacker behind the $82 million Orbit Chain exploit has moved around $48 million to cryptocurrency mixer Tornado Cash as they look to launder the funds.

Orbit Chain was exploited on New Year’s Eve in one of the year’s biggest hacks, and the funds remained dormant for over five months.

Orbit Chain Hacker Moves Funds

The hacker moved the funds after months of complete silence, during which the stolen funds remained untouched. According to data from blockchain analytics firm Arkham Intelligence, a total of 12,932 ETH worth around $47.7 million was moved in seven transactions on the 8th of June to a new address. The new address was used to send the stolen funds to cryptocurrency mixer Tornado Cash. According to reports, the hack caused losses of $82 million to Orbit Chain. However, Arkham Intelligence has suggested that the loss was greater, around $100 million. 

Arkham, which was the first to spot the transfer, stated in a post on X, 

“ONGOING: $100M Orbit Chain Exploiter sends $32M to Tornado Cash after five months silence In the past hour, the Orbit Chain Exploiter moved 8671 ETH ($32M) to a new address and is currently in the process of depositing it to Tornado Cash. They stole over $100M in ETH and DAI from Orbit Chain 5 months ago and have been silent since. They still hold over $66M in ETH and over $20M in DAI and USDT.”

Other Assets Remain Untouched

According to EtherScan, the $47.7 million was sent through the cryptocurrency mixer in batches of 100 ETH. However, the hacker has yet to move around $20 million worth of stolen DAI tokens and several other stolen coins during the exploit. The hacker’s balance now stands at $71.2 million. This includes $51.1 million in ETH and small amounts of wrapped Ether (wETH), wrapped Bitcoin (wBTC), USD Coin (USDC), and Orbit Chain (ORC). 

The Orbit Chain Hack And Growing Exploits

Orbit Chain was exploited during the final hours of 2023, at around 8:52 PM UTC on the 31st of December, 2023, to be more precise. Orbit Chain only confirmed the exploit the following day, adding that it was in contact with international law enforcement agencies. It also offered users a reward for providing any intelligence that would help identify the attacker. 

“We are actively engaging with international law enforcement agencies. Those who provide decisive intelligence that leads to identifying the attacker or recovering stolen assets will receive the bounty.”

Orbit Chain implements the Inter-Blockchain Communication Protocol (IBC) on the Cosmos ecosystem. According to DeFiLlama, it has a TVL(Total Value Locked) of $37 million, significantly lower than the $149 million before the hack. The threat from hackers has continued to grow in 2024, with around $542 million in crypto stolen during the year’s first quarter. This is a 42% increase from the same period in 2023. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Inflation data has come in lower than expected and markets are surging across the board. In the crypto market, $BTC is up nearly 4% over the last couple of hours as it approaches $70,000.

Better than expected inflation data

There’s nothing like a better than expected inflation figure to lend impetus to a Bitcoin bounce. According to Reuters, prices rose only 3.3% in the year to the end of May, down 0.1% from April’s figure. Core inflation rose by 0.2%, but this was better than economists’ expected 0.3%.

On this news, the Nasdaq Composite Index is up 1.8%, and the S&P 500 is up 1.3%. Of course, this is small beer where crypto is concerned, and Bitcoin is making hay, up nearly 4% in a short period of time.

Bitcoin surges to top of bull flag

Source: TradingView

Looking at the relatively short term time frame of the 4-hourly, it can be seen that $BTC has reached the top of its bull flag upper trend line once again. Having been rejected from this line half a dozen times already, except for a couple of short-lived breakouts above, the chances of breaking through are increasing.

Federal Reserve Chairman’s hire wire act

However, with Federal Reserve Chairman Jerome Powell’s speech at the end of today’s FOMC meeting still to come, there is still the risk that a bucket of cold water might be thrown onto markets.

The Federal Reserve’s hire wire balancing act has to be continued, and Chairman Jerome Powell, trapeze artist extraordinaire, may tend towards the hawkish in his speech, so as not to let markets get carried away and risk an increase in inflation for next month.

If on the other hand Powell errs on the dovish side and delivers an upbeat speech that promises rate cuts by the end of the year, this could be a double whammy that sends Bitcoin skyrocketing.

Nevertheless, this all remains to be seen later today, and in the meantime the crypto market can enjoy the perhaps unexpected gains of the last few hours. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The ZKsync Association has announced that it will airdrop 3.675 billion ZK tokens to eligible early users and adopters of ZKsync, the Ethereum Layer2 network, next week.

Around 695,232 wallets are eligible for the airdrop, with Matter Labs CEO stating the airdrop will reward “real people first.”

ZKsync Set For Airdrop

The 3.6 billion ZK tokens represent 17.5% of the total 21 billion ZK tokens supply. ZKsync stated that the airdrop will be a one-time airdrop, with users able to claim their ZK tokens beginning next week. Users can claim their ZK tokens until January 3, 2025. Additionally, contributors will be able to claim their tokens starting from June 24. ZKsync will distribute an additional 49.1% of the ZK token supply through ecosystem initiatives. 17.2% of the tokens will be allocated to investors and 16.1% to the Matter Labs team. 

“Awarding more tokens in the airdrop than to the Matter Labs team and investors is more than a symbolic decision for the community. When the ZKsync governance system launches in the coming weeks, the community will have the largest supply of liquid tokens to direct protocol governance upgrades.”

Details Of The Airdrop 

According to ZKsync, 695,232 wallets were shortlisted for the airdrop. The wallets were shortlisted based on a snapshot of each wallet’s activity on ZKsync Era and ZKsync Lite, taken on March 24, 2024, at 0:00 UTC. This date also marked the one-year anniversary of the mainnet launch of ZKsync Era. 

The airdrop, comprising 17.5% of the total ZK token supply, will be split between two sets of community members. 89% of the airdrop is allocated to users, while 11% has been allocated to contributors. Users comprise those who conducted transactions on ZKsync and met a specified threshold for activity. On the other hand, contributors are developers, researchers, individuals, communities, and companies who have contributed to the ZKsync ecosystem. This contribution can be through advocacy, education, or development, regardless of their activity on zkSync. 

The remainder of the community allocation will be distributed through various initiatives. This will be managed by the ZKsync Foundation and the ZK Nation governance process, which will help support a growing ecosystem as more users come on board. The airdrop will also cap the amount of tokens eligible addresses can receive, with the cap set at 100,000 tokens. 

“It’s not a whales-first airdrop. It’s a community-first airdrop. By capping whales, the ZK airdrop fairly rewards community members that contribute to ZKsync in different ways.”

A small allocation of under half a percent will also go to what are being called “experimental communities.” These communities include wallets that previously received the Bonsai and Degen airdrops due to their activity on decentralized social networks Farcaster and Lens. Notably, the airdropped ZK tokens will not have any lock-up or vesting period and will be fully liquid from day one. Matter Labs CEO Gluchowski stated that he was hopeful that most recipients would opt to participate in governance, delegate their tokens, and become active members of the ZKsync community. 

“It’s a community governance airdrop. So, we hope that the majority of the recipients will participate in the governance, delegate their tokens, and become active members of the community. If some of them don’t want to do this, it’s better if the tokens go into the hands of people who actually deeply care about the protocol.”

Other Major Airdrops

The ZKsync airdrop follows those from EigenLayer and StarkNet. Both sets of airdrops outraged users, who expected a significantly larger allocation of tokens. Users were particularly upset with EigenLayer after it decided to bar airdrop claimants from the US and several other countries. However, Matter Labs CEO Alex Gluchowski stated that a lot of thought was put into the ZKsync airdrop. 

“We have put a lot of thought into the design of the airdrop. No matter what you do, some people are going to be disappointed, but we have looked into others.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.