SPONSORED POST*

The cryptocurrency market has advanced greatly since its launch. Now, governments worldwide are considering crypto regulation as it becomes a formidable investment avenue. Without disregarding the effect of prominent tokens and altcoins, new coins are preparing the future of the crypto environment.  

Delve into DTX Exchange (DTX), SUI, and ONDO as they transition into the next stage of the crypto market. 

>>> BUY DTX TOKENS HERE <<<

DTX Exchange Driving Crypto Future With Hybrid DeFi Platform

Decentralized finance is one of the crypto areas predicted to grow exponentially. DTX Exchange enables traditional asset investors to adopt DeFi. Its hybrid platform that lists TradFi and DeFi assets is set to attract new investors into the crypto market.

DTX offers over 120,000 tokens for purchase including securities, bonds, commodities, and ETFs. It enables crypto and traditional investors to enjoy on-chain market analysis and secure capital allocation with its non-custodial wallets. Moreover, it facilitates financial inclusion, ease of trading, and maximum profitability. 

Decentralized finance ensures high liquidity in the market enabling traders to access the market and trade at any time. DTX Exchange utilizes distributed liquidity pools, creating the perfect market conditions for its users. With a 1000x leverage, speedy entry, and same-day withdrawal, DTX ensures superior profitability for any asset you trade on its platform.

As a herald of the future of crypto, the ongoing DTX public presale continues to receive significant inflows from investors who know what is coming. Crypto enthusiasts looking for the best crypto to buy now for future profits should participate in the DTX presale now. Besides purchasing a slice of the future, it promises holders a 500% profit and governance rights. 

>>> BUY DTX TOKENS HERE <<<

SUI Paving The Way For Web3 Gaming

SUI is known for speed, advanced security, and privacy. Recently, the platform announced the introduction of secure native randomness. This feature will serve NFT and web3, game developers. It also enhances ecosystem governance with its random sampling capabilities. 

Despite being a token of the future of crypto, SUI has recently displayed poor price activity. In the second week of June, SUI’s value declined 17.24% from $1.16 to $0.96. The price drop is attributed to a profit-taking following an over 50% YTD price increase. 

With the increasing selling pressure, there is a bearish market sentiment for SUI. Technical analysis shows its RSI at 47, unable to surpass a resistance at $1.16. Despite its current activity, price predictions are bullish, predicting it will reach $2 by the end of the year. 

ONDO Heralds Real World Asset Tokenization 

An emerging vertical of the crypto environment likely to take the future by storm is real-world asset tokenization. So far, it is valued at $8 billion with predicted substantial increases. With ONDO’s advanced tokenization platform, real estate, government bonds, commodities, and other assets are already tokenized.

ONDO is one of the tokens leading the RWA emergence. ONDO has achieved over 462% YTD price rise as it continues to innovate and introduce new tokenized products on its platform. Its most recent investment of  $95 million with BlackRock in its RWA fund has attracted investor attention to ONDO.

ONDO price jumped from $0.72 to $1.47, a new ATH between May and June. With the growing focus on RWA, ONDO prices may continue to rise. While there is a bullish sentiment for ONDO, it is facing selling pressure, as holders cash in on their gains. 

ONDO price forecasts predict it may end the year at $3.

DTX: Is This The Best Crypto To Buy Now

Despite the optimism surrounding SUI and ONDO, it is unlikely they will deliver as much profit as anticipated at the end of the DTX Exchange public presale. With its price at $0.04 and its demand soaring as more investors discover its potential, DTX stands out as the platform of the future attracting massive interest that will propel it to reach its expected listing price of $0.12 to deliver a 200% gain to investors purchasing the token at the current stage. 

Visit DTX Exchange Presale

Join The DTX Community

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

Dubai, United Arab Emirates, June 17th, 2024, Chainwire

BlocksScan is excited to announce the official launch of XDC Network Explorer Version 2, a comprehensive and incredibly user-friendly blockchain explorer crafted by BlocksScan. This tool is designed to empower users of all levels and make it a breeze to navigate the XDC Network.

Mastering the XDC Blockchain with Enhanced Functionality

XDC Explorer Version 2 builds upon the foundation of its predecessor, offering an enhanced suite of features to simplify blockchain exploration and analysis. This powerful tool serves as the gateway to the XDC Network and tokens built on XDC. Just like Etherscan is for Ethereum, BTCScan for Bitcoin, Solscan for Solona, BSCScan for BNB Smartchain, BlocksScan is an XDC Explorer and your gateway to the XDC Network.

Explore the Enhanced Features XDC Network’s Block Explorer Version 2

Gecko Terminal & CoinGecko Integration: Users can now access real-time token price feeds for tokens traded on platforms like XSwap, Globiance Dex, Fathom, and IcecreamSwap. This feature ensures informed decision-making when trading or analyzing tokens within the XDC Network.

EtherScan Compatible API: The EtherScan compatible API simplifies the process for developers to integrate and interact with the XDC Network, providing a robust and reliable API for accessing blockchain data and executing various functions.

Hardhat and Truffle Contract Verification Support: Developers can quickly verify and validate their contracts on the XDC Network using popular development frameworks like Hardhat and Truffle, ensuring secure and functional smart contracts.

Upcoming Features:

MLETR Document Support: Enhancing functionality for handling and tracking electronic records.

NFT Trades Support: Enabling users to track and analyze NFT transactions.

DEX Transaction Support: Providing insights into trading activities on various DEX platforms.

Customizable Themes: XDC Explorer Version 2 offers customizable themes to enhance user experience, with options including Light, Dim, and Dark themes for optimal readability and comfort.

Comprehensive Search and Analytics: With robust search functionality, users can effortlessly track transactions, addresses, and tokens. The platform also features an advertisements section to keep users informed about relevant projects within the XDC ecosystem.

AI Support Feature: The new AI Support feature, including CodeRun AI, Open AI, Devin AI, and Claude AI, assists users with their blockchain exploration, offering interactive modes and access to popular contracts and demo questions.

Developer Tools:

API Documentation: Comprehensive API documentation available at API Documentation.

Verify Contract Page: Allows users to verify and explore smart contracts deployed on the XDC Network.

Personalized Settings: Users can tailor their blockchain exploration experience by choosing their preferred language, display format (xdc or 0x prefixes), theme (light or dark mode), time format (relative or UTC), and fiat currency for financial clarity.

For more detailed information on explorer functionality, users can visit here.

Empowering the XDC Network Community

XDC Explorer Version 2 is a significant step in fostering a more accessible and user-friendly XDC Network ecosystem. This explorer, crafted based on community feedback and requirements, empowers users to explore, analyze, and interact confidently with the XDC blockchain, unlocking a world of possibilities for developers, investors, and blockchain enthusiasts alike. Members are an integral part of this ecosystem. XDC Explorer invites community members to explore the new version of XDC Network Blockchain Explorer and share their feedback on XDC Network’s tech forum XDC.Dev.

About XDC Network

XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.0001), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases, including Global Trade Finance, payment,Decentralized physical infrastructure network (DePIN) and Real World Asset (RWA) tokenization, that are secure, scalable, and highly efficient.

Users can find more information by visiting XDC Network’s website XinFin.org, XDC.org and follow them on social media: Twitter || Telegram || LinkedIn || Reddit || Facebook || Forum 

About BlocksScan

BlocksScan is a EVM Compatible Block Explorer and Analytics Platform for XDC Network. BlocksScan is a blockchain explorer platform dedicated to providing users with robust tools and insights to explore and interact with blockchain networks securely. It offers a user-friendly interface and an array of features that make blockchain data accessible and actionable for developers, enthusiasts, and businesses. For more details visit BlocksScan.io

Contact

Sebastian John
social@blocksscan.io

This article was paid for*

The Beercoin price continues to witness significant selling pressure and has crashed by over 30% today on Monday. 

This new Solana meme coin has been in the spotlight since the start of June, securing listings on several top crypto exchanges and growing close to 4000% from its listing price.

The mounting concerns regarding a potential rug pull by insiders and pump-and-dump price action from whales have resulted in questions about Beercoin’s long-term viability. 

On the other hand, a new meme coin – Sealana (SEAL) – is seeing significant FOMO ahead of its upcoming IEO, with some experts calling it the next 100x meme coin.  

Beercoin Price Crashes

The Beercoin price is down over 60% over the past week and is currently trading at $0.000175, with a market capitalization of $155 million. The meme coin is down 70% from its all-time high of $0.00059, which it had reached last Monday. 

The decline in $BEER’s price could largely be attributed to growing concerns regarding market manipulation, both from insiders as well as crypto whales. 

For instance, popular crypto analyst Wazz (@WazzCrypto) called BEER “one of the more elaborate meme scams”, claiming that insiders and its developer team are cashing out after the token’s listing on ByBit.

He also revealed that over 50% of the token supply is being held by Beercoin’s developer team. 

The Solana shitcoin $BEER went down 80% a few days after listing on @Bybit_Official with insiders/team cashing out $15M+

The team/insiders controlled 50%+ of supply

One of the biggest and more ellaborate meme scams I've seen so far

here are the wallets that caused the dump pic.twitter.com/ngdtVs7T0F

— Wazz (@WazzCrypto) June 13, 2024

On-chain platform Lookonchain also corroborated his accusation. In an X post, the platform highlighted how a crypto whale sold over $1 million worth of BEER, which it had received from the Beercoin team. 

A $BEER whale dumped 5B $BEER for 7,450 $SOL($1.08M) 3 hours ago.

This whale received 8.89B $BEER (1% of the total supply) from the $BEER team allocation wallet "8VY4LF…fDd5G2", but this whale did not participate in the pre-sale.

And the whale currently has 3.76B $BEER($820K)… pic.twitter.com/0wQyZNJ5kZ

— Lookonchain (@lookonchain) June 15, 2024

In another post, Lookonchain revealed that an account related to the BEER team sold over $1 million worth of tokens. The Beercoin X account responded to this post, claiming that the seller was not an insider but a deep-pocketed investor who simply decided to cash in its profits. 

We have noticed that there’s a huge disinformation floating around about $BEER token distribution https://t.co/zBXdNlclNN

— beercoin (@beercoinmeme) June 16, 2024

However, insiders dumping their holdings is the least of Beercoin’s concerns. In another post, Lookonchain revealed that a crypto whale – unrelated to the BEER team – has been engaging in pump-and-dump price action to maximize its returns. 

For instance, it would dump his holdings to induce panic-selling amongst retail investors, only to buy the token back at a cheaper price.

Be careful when trading $BEER.

A whale sells $BEER in large quantities to drive the price down, causing retail investors to sell in panic.

Then buy $BEER from the bottom to drive up the price, attracting retail investors to buy in #FOMO.

When the price rises, he sells it in… pic.twitter.com/yVHC1qFg92

— Lookonchain (@lookonchain) June 13, 2024

Beercoin Promises Major Announcement Today – Will Its Price Bounce Back?

So far, any efforts by the Beercoin team to stabilize the token price have been in vain. 

For instance, its X account announced yesterday that 2 billion $BEER tokens have been burned, with another token burn scheduled to take place in the coming days. However, the meme coin price did not display any sustainable bullish strength. 

Today, the Beercoin X account has been teasing a major announcement. However, whether or not it could stop the token’s bearish trajectory remains to be seen. 

Could Sealana be the Next 100x Meme Coin?

While the Beercoin price is seeing heavy selling pressure, other new Solana meme coins are garnering significant attention. 

For instance, the seal-themed token Sealana is gearing up for its highly-anticipated launch. The new meme coin has already raised over $4 million in its successful presale, which is set to end on June 25th. The $SEAL IEO is expected to occur just a few days later. 

Sealana’s hilarious and relatable mascot – a chubby and patriotic seal – has caught the attention of deep-pocketed investors. Indeed, a look at the project’s X account reveals the mascot engaging in eccentric activities, whether it be going on Joe Rogan’s podcast or challenging Connor McGregor to a duel. 

#Sealana had a great time on @joerogan's podcast! After tossin' back too many whiskey cokes and puffin' on some green herbal joints , Sealana got Joe Rogan seeing the #Memecoin light!

Send $SOL if y'all wanna see Sealana back on the show! #MAGA #USA pic.twitter.com/XFqvWS9ZLu

— Sealana (@Sealana_Token) June 16, 2024

Meme coin investors have begun to understand the upside potential of tokens that can make them laugh or are relatable. After all, several whales invested in Dogwifhat, simply because “the dog had a hat”. 

Furthermore, Sealana’s user-friendly presale model is creating significant demand. Interested buyers can either use the over-the-counter widget on the Sealana website or simply send $SOL tokens to the project wallet. 

Owing to its comical mascot and simplified presale model, experts are backing Sealana to be the next 100x meme coin. 

Investors looking to get in early and purchase the token at its discounted presale price now have just over 8 days. They are also advised to follow the Sealana X and Telegram accounts to keep up with the latest updates. 

Visit Sealana Presale

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

In the context of an increasingly volatile and dynamic mercato finanziario, the miner di Bitcoin listed in the Stati Uniti are experiencing surprising growth, reaching a collective market capitalization of 22.8 billion dollars.

This exponential growth is attributable to several key factors, including a significant increase in their share of hashrate and the integration of artificial intelligence (AI) technologies into their operations.

The hashrate of Bitcoin miners is increasing thanks to AI

The hashrate, that is the overall computing power used by miners to extract Bitcoin, is one of the most crucial indicators to evaluate the strength and efficiency of the Bitcoin network. The increase not only represents a greater participation of these actors in the network, but also a confirmation of their ability to compete with international miners.

The ability to attract significant investments has allowed these miners to expand their operations and adopt cutting-edge hardware di mining. The increasing sophistication of the equipment, together with efficient operational strategies, has enabled them to increase the hashrate, thus contributing to the security and decentralization of the Bitcoin network. Additionally, clearer regulation and institutional support in the United States have provided a favorable environment for the development of these activities.

Another determining factor in the growth of Bitcoin miners is the adoption of artificial intelligence technologies. AI is revolutionizing numerous sectors, and the cryptocurrency mining industry is no exception. The application of AI in mining operations brings numerous advantages, including process optimization, reduction of operational costs, and increased energy efficiency.

The AI factor

Artificial intelligence is used to analyze large amounts of data in real-time, allowing miners to make more informed decisions regarding resource management and problem-solving. For example, advanced algorithms can predict the periods of highest profitability for mining, optimizing resource allocation based on market conditions.

Furthermore, AI can enhance the predictive maintenance of mining equipment, reducing downtime and increasing the lifespan of the machines. This approach not only improves operational efficiency but also reduces the environmental impact of mining operations, an increasingly relevant aspect in an era of growing attention to sustainability.

The interest of investitori in publicly traded Bitcoin miners has grown in parallel with their operational successes. The ability of these miners to increase the hashrate and integrate AI into their operations makes them attractive to investitori looking for opportunities in emerging and high-growth sectors. Their stocks have become a means to indirectly access the cryptocurrency market, offering some exposure to Bitcoin without having to directly face its price fluctuations.

The positive financial performance, combined with the transparency and regulation of publicly traded companies, provide greater confidence to investors. This has led to increased liquidity and a growing valuation of their shares, thus contributing to the overall increase in their market capitalization.

Conclusion

The continuous technological innovation and the adoption of sustainable practices will likely be the key factors that determine their long-term success. Additionally, with the evolution of regulations and the expansion of the cryptocurrency market infrastructure, it is expected that these miners will play an increasingly central role in the global Bitcoin network.

With a constant focus on optimization through artificial intelligence and a continuously increasing share of hashrate, these miners are destined to remain key players in the cryptocurrency landscape. Their evolution will continue to be an important indicator of the health and development of the Bitcoin market.

In an opinion article published in the Wall Street Journal, Paul Ryan urged US lawmakers to promote dollar-backed stablecoin, emphasizing how this could strengthen the economic position of the United States internationally, especially in response to the growing economic influence of China.

The Chinese economic threat and the solution with Paul Ryan’s stablecoins

China has made significant progress in the field of digital currencies. The project of the Chinese central bank’s digital currency (Digital Currency Electronic Payment – DCEP), known as the digital yuan, has raised concerns worldwide. The rapid adoption of this currency could give China a strategic advantage in international transactions, reducing dependence on the US dollar and, consequently, influencing the global economic power of the United States.

Stablecoins are cryptocurrencies designed to have a stable value, often pegged to a fiat currency like the dollar. According to Paul Ryan, the adoption and promotion of dollar-backed stablecoins could be an effective response to maintain and enhance the dollar’s hegemony in international markets.

Ryan argues that stablecoins offer numerous advantages. Firstly, they can reduce transaction costs and increase the speed of international payments. This would make U.S. debt more attractive to foreign investors, improving market liquidity and enhancing economic stability.

One of the central points of Ryan’s argument is that dollar-backed stablecoins can increase confidence in US debt. Currently, US debt is one of the safest and most sought-after resources in the global market. However, with the emergence of new technologies and digital currencies, this position could be threatened.

The stablecoin, thanks to their stable nature and the guarantee of the dollar, could strengthen the perception of security and reliability of the US debt. International investors would be more inclined to maintain and increase their positions in US government securities, knowing that these are supported by a stable and globally accepted digital currency.

A clear regulatory framework

For stablecoins to play the role proposed by Ryan, a clear and favorable regulatory framework is necessary. The United States must define precise rules for the issuance and use of stablecoins, ensuring transparency and security for users. Additionally, effective regulation can prevent abuses and risks associated with cryptocurrencies, while protecting the national financial system.

Ryan invites legislators to collaborate with experts in the technological and financial sectors to develop regulations that foster innovation without compromising economic stability. Only through a balanced and forward-looking approach can the United States take advantage of the potential of stablecoin.

Ryan’s proposal represents a challenge but also a historic opportunity for the United States. Adopting and promoting stablecoins is not just a matter of economic competition with China, but also of global technological and financial leadership. The United States has the opportunity to lead the future of digital transactions, setting standards that other countries might follow.

Conclusions

The invitation of Paul Ryan to combat the growing economic influence of China through the adoption of dollar-backed stablecoins is a bold but necessary strategy. 

In a world that is increasingly digitalized, where digital currencies are becoming a concrete reality, the United States must adapt and innovate to maintain their position of global economic leadership. Promoting stablecoin can make U.S. debt more attractive, strengthen international confidence in the dollar, and ensure that the United States remains at the center of the global financial system.

The blockchain of Ton, developed by the Telegram team, is under all the spotlights of the DeFi sector due to the excellent technical performances recorded and the TVL reached by the ecosystem.

The increase in retail interest, which has exploded thanks to the new trend of “play-to-earn” and “tap-to-earn” games, has allowed new capital to flow into TON and push the TVL above the 600 million dollar threshold.

It is a crazy growth if we consider that until December 2023 the network counted just 13 million dollars.

Let’s see everything in detail below.

Ton, the cryptographic network of Telegram, marks an impressive growth since the beginning of the year and surpasses 600 million dollars in TVL in DeFi

While the market fully expresses its uncertainty with Bitcoin and Ethereum that still have not taken a clear graphical direction, the TON blockchain earns an honorable mention due to its excellent results recorded in the DeFi field.

According to what was reported by DefiLlama the Ton network, also known as Telegram Open Network, has surpassed 600 million TVL, securing the 15th place in the ranking of crypto networks with the most locked capital.

We are talking about stratospheric numbers if we consider that at the end of  December 2023 the TVL of the chain developed by the Telegram team amounted to only 13 million dollars: in just 6 months we have witnessed an increase in money of over 46 times.

It is also worth noting how in the last 3 weeks about 300 million dollars of TVL have been added, bringing a strong influx of new users and on-chain activity in DeFi.

Source: https://defillama.com/chain/TON

In this context, 8 of the top 10 protocols developed on TON have recorded a TVL increase in the last 30 days, with the DEX DeDust and STON.fi marking gains in 3-digit percentages, respectively 482% and 104%.

Closing the podium of the top gainers, we find the lending platform EVAA Protocol, which grew by 70% in the same period, followed by other DeFi projects that, although reporting less breathtaking numbers, have still observed growth paths, such as Storm Trade, Tonstakers, Bemo, Stakee, etc.

The success of the Ton blockchain is mainly due to its integration as the preferred web3 solution by Telegram users, which, thanks to its strong presence in the social world with 900 million users, has allowed the cryptographic network to make a qualitative leap in a very short time.

As reported by Rachael Lucas, a crypto analyst at the Australian cryptocurrency exchange BTC Markets, in an interview with The Block:

“This enormous base of potential users, about 100 times larger than the current on-chain user base of all other blockchains combined, provides a solid foundation for a thriving ecosystem”

Source: https://defillama.com/chain/TON

We remind that Ton, despite enjoying a particularly favorable momentum, still offers few integrations with the DeFi sector as a whole, and suffers from the lack of leading dapps in the web3 industry such as Uniswap, Aave, Lido, etc.

Remaining within a closed ecosystem, it is difficult for Ton to replicate what has been done by Ethereum or by other EVM chains that occupy more prominent positions in the DeFiLlama ranking.

In this regard, the Ethereum blockchain, even if it reports a number of new addresses lower than Ton, boasts a TVL of about 62.4 billion dollars, more than 100 times greater than its competitor based on Telegram.

There is still a long way to go for this chain.

The Flippening CT ignores

TON's quiet growth, fueled by Telegram's 900M user base, has driven its daily active addresses above Ethereum.

At its core, TON is a bet on Telegram's distribution. Though the ecosystem is nascent, its early growth is promising. But is it enough? pic.twitter.com/k2b2SMiQJD

— Delphi Digital (@Delphi_Digital) June 10, 2024

Strong wave of retail interest thanks to DeFi and blockchain games: Notcoin, Yescoin, and Hamster Kombat

The increase in interest in Ton’s DeFi, and the consequent disproportionate increase in TVL, stem from a new trend that is becoming popular within the cryptographic community of Telegram: we are talking about “play-to-earn” and “tap-to-earn” games, designed to attract users to perform simple tasks to earn cryptocurrencies.

In particular, simplistic and rewarding games like Notcoin, Yescoin and Hamster Kombat seem to have further increased the popularity of the network, also driven by typical referral mechanisms that multiply retail participation.

Thanks especially to the glorious debut of Notcoin on all major crypto exchanges, with the NOT crypto surpassing 2.5 billion in market capitalization at the beginning of June, a sentiment of strong interest towards the gaming products developed on Telegram has been generated.

The currency, launched for free with an airdrop to the users of the tap-to-earn game,  generated according to the data from dune.analytics a trading volume in TON and NOT exceeding 7 billion dollars on the first day of launch on May 16, 2024.

This kind of trend that sees more and more users getting interested in DeFi and dapps on Telegram will certainly continue as long as the launches of new tokens on Ton have success like the one recorded by Notcoin.

Source: https://dune.com/obchakevich/notcoin-volume-post-launch-analytics

To report also the arrival of the stablecoin USDT within the TON blockchain in the month of April, which has allowed for a significant gain in TVL and offered a solid currency for exchanges throughout the entire ecosystem.

Additionally, at the beginning of this month, the messaging app introduced a mini-app digital payment system called Telegram Stars, which offers app developers lower promotional rates compared to traditional platforms like Apple and Google app stores.

Given the numbers so convincing, even the VC support the rise of this blockchain: Pantera Capital invested in TON last month, citing the advantage of a direct connection with Telegram and a substantial user base.

Obviously TON, the main cryptocurrency of the homonymous cryptographic network, has been stormed on the markets by investors who have pushed its price from 2 dollars in February to the current 7.8 dollars in a crazy bull run.

Source: https://coinmarketcap.com/currencies/toncoin/

This article was paid for*

The Notcoin price has corrected by more than 11% to start the week after it failed to flip the $0.20 resistance. 

The continued weakness in altcoins and growing macroeconomic concerns are also contributing to the selling pressure on NOT. 

Notcoin is currently trading at $0.018 with a market capitalization of $1.85 billion. However, experts gearing up for more downside in the coming days.

Notcoin Price Prediction – How Low Can $NOT Go?

During its rally over the past few days, Notcoin’s Cumulative Volume Delta (CVD) and Open Interest declined even as its price increased. For instance, $NOT’s aggregated OI is down by nearly 12% over the past 24 hours and 20% from Friday, data from Coinalyze reveals.

This is a typical bearish signal that often indicates a reversal in uptrending cryptocurrencies. As projected, the $NOT price is down by over 11% today on Monday, with experts gearing up for more downside. 

Popular analyst Crypto Patel identifies $0.0165 and $0.012 as the two downside price targets to watch out for the Telegram-based play-to-earn token. 

$NOT Market Alert

Price is currently rising while CVD (Cumulative Volume Delta) and open interest are declining—a potential signal for a downside move.

Key Levels:
Primary Downside Target: $0.0165
Secondary Downside Target: $0.0125

Invalidation: Sustained price… pic.twitter.com/9pm6xqhd7E

— Crypto Patel (@CryptoPatel) June 16, 2024

The $0.015 price point could also act as crucial support, considering the Notcoin price created a local bottom at this level last week and followed it with a 40% rally. 

Bullish investors also need to prepare for the “max pain” scenario if Bitcoin falls to $60,000. Even as NOT shows an impressively low correlation with BTC, it would be hard for any mid-cap altcoin to disregard a 10% correction in the Bitcoin price. 

Ideal plan for $NOT

[if $BTC does head back to $60K] pic.twitter.com/o6BNW9uYug

— Posty (@PostyXBT) June 14, 2024

In such a scenario, the aforementioned $0.012 price target becomes an important support level for Notcoin and could also emerge as an excellent “buy the dip” opportunity for sidelined investors. 

Unclaimed Notcoin Airdrop Tokens to be Burned, More Games to Launch Soon – Will it Stop the Bleeding?

The Notcoin airdrop claim period is now in the books, with a part of the unclaimed tokens set to be burned in the coming days and the rest to be used for future development. 

The claim is over

A month ago Notcoin was listed and became a real community token, owned by you and people like you.

So far, Notcoin have got 11.5M holders: they've claimed tokens, staked, sent to exchanges or withdrawn onchain.

Most of the drop was distributed already,… pic.twitter.com/MyNp4h6FWB

— Notcoin Ø (@thenotcoin) June 17, 2024

While the token burn could positively impact $NOT’s price, whether it would be enough to offset the broader market bearishness remains to be seen. 

The airdrop campaign was launched to reward users who played Notcoin’s tap-to-earn game during its “mining phase”. While Notcoin was initially launched as a beginner-friendly, Telegram-based game, its native token – $NOT – soon went live on the TON blockchain. 

Interestingly, TON – or The Open Network – is created by the developers of Telegram and benefits substantially from its seamless integration with the messaging app. 

The Notcoin developer team has already confirmed the return of the popular coin-tapping game, in addition to other viral games, aiming to transform Notcoin into a Netflix-type platform for gamers. 

As such, smart money traders remain bullish on $NOT in the long term, with some even projecting the Notcoin price to reach $1, which would mean a market capitalization of nearly $100 billion. 

Base Dawgz’s Share-to-Earn Airdrop Sees High Demand – Is it The Best Crypto to Buy Now?

Following the remarkable success of Notcoin’s tap-to-earn concept, Base Dawgz’s share-to-earn airdrop campaign has caught the attention of smart money traders. 

Investors can share DAWGZ-related content on social media – whether it be memes or simply the latest updates – and receive airdrop points. These could later be exchanged for lucrative $DAWGZ rewards. 

Alternatively, investors can take advantage of the refer-to-earn program and receive a percentage of all investments made through their referral links during the presale. 

The share-to-earn utility has resulted in Base Dawgz raising over $1.5 million in its ongoing presale within three weeks. 

It has received considerable praise from smart money traders and crypto influencers alike, with some viewing it as the best crypto to buy now. Others believe that it could potentially be the next 100x meme coin. 

Being native to the Base chain, the new meme coin has also drawn comparisons to Brett, Base’s top meme token that has a market capitalization of $1.4 billion. 

Additionally, Base Dawgz’s multi-chain status is driving up its demand during the presale. The meme coin is live on Bae, Ethereum, Solana, Avalanche and BNB Smart Chain, which increases its visibility amongst potential buyers while simplifying the purchasing process. 

Interested buyers can head to the Base Dawgz presale website and use the over-the-counter widget to invest. 

Visit Base Dawgz Presal

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

The report from the crypto exchange Bitget of May 2024 has been recently released and highlights a record capital inflow, the appointment of a new CEO, and the launch of the Token BWB, marking a significant turning point for the company.

Let’s see all the details below. 

Innovation and opportunities for investors of the Bitget exchange after the new records 

As anticipated, May was characterized by significant developments for Bitget, including the appointment of a new CEO, the launch of the token BWB, the start of the Elite Trader campaign, and the global celebrations of Pizza Day.

Additionally, Bitget has continued to excel in key metrics such as capital inflow, open interest, and web traffic, confirming its prominent position in the criptovalute sector.

According to the CCData report, while the combined volume of spot and derivatives trading on centralized exchanges decreased by 20.1%, reaching 5.27 billion dollars, the open interest on derivatives exchanges increased by 30.5%. 

Reaching 55.2 billion dollars in May. Bitget, one of the three main derivatives exchanges, recorded an increase in open interest of 39.2%, reaching 9.74 billion dollars. 

According to on-chain data from DeFiLlama, Bitget recorded the highest monthly inflow among all centralized exchanges in May, with 975.4 million dollars in new capital, consolidating its position as the industry leader.

Bitget has announced the appointment of Gracy Chen as the new CEO starting from May 2024, replacing Sandra Lou. Gracy boasts over 10 years of experience in business management, marketing, and investments.

Since joining Bitget as CEO in June 2022, she has led the company’s global expansion and quadrupled the user base through strategic partnerships and a robust affiliate network. 

She played a crucial role in transforming Bitget into one of the top five cryptocurrency exchanges. Additionally, Gracy is a passionate advocate for diversity in the cryptocurrency sector, promoting initiatives such as #Blockchain4Youth and #Blockchain4Her to foster the adoption of Web 3 and gender inclusivity. 

Bitget empowers traders and celebrates innovation with key initiatives

As mentioned, Bitget has launched the Elite Trader campaign to offer traders innovative tools and expert insights, improving accessibility, efficiency, and education for all users. 

Supported by five world-renowned cryptocurrency influencers, including Long, Annii, Matthew, Brain Bro Crypto, and David Justin Academy, the campaign highlights the exclusive features of Bitget. 

These include copy trading, staking, advanced analysis tools, and trading bots. The goal is to revolutionize the trading experience, helping traders confidently achieve their financial goals. 

Bitget also celebrated the first anniversary of the Blockchain4Youth program with recap videos of the initiative.

In one year, Blockchain4Youth has involved over 6,000 participants through 54 campuses and workshops globally, issuing more than 2,000 certificates to participants. 

Collaborating with influencers and 51 universities, including University College London and the National Technological University in Argentina, the program aims to promote the adoption of Web 3.0 among Millennials and Generation Z. 

Launched in May 2023 with a budget of 10 million dollars, the initiative plans to expand with additional scholarships and online courses.

In May, Bitget expanded its selection of assets by adding 62 new tokens to the platform, sparking significant interest and an increase in trading volumes. 

The main five tokens, including $TURBO, $MNTC, $CEL, $LIFEFORM, and $WOJAK, have recorded impressive gains between 260% and 1430%. 

Additionally, Bitget has listed 19 new tokens on the PoolX platform, attracting 120,381 participants who staked a total of 427 million USDT in May. 

These tokens have seen notable gains, with UDS at 86% and DOGEMOB at 26%, and significant increases in market cap for ATS (46%) and APRS (17%). The average APR of 10%-45% further contributes to the growing demand and the success of the product.

Bot for signals on Telegram and innovations in the wallet

Bitget has introduced a Telegram Signal Bot to revolutionize the dissemination of information on cryptocurrency trading. The bot allows group owners to easily share trading signals with followers, also offering monetization opportunities.

Thanks to the sharing of signals with a single click and powerful group management features, the bot aims to improve the quality and interaction in the groups. 

The beta testing, scheduled from May 27 to June 27, 2024, will offer incentives to participants who provide valuable feedback. 

Finally, Bitget Wallet has launched the Bitget Onchain Layer, integrating native DApps and establishing a BWB Ecosystem Fund of 10 million dollars to accelerate the development of Web3.

This new level aims to simplify user interactions and improve liquidity and security through Modular Feature-DApps (MFDs). 

Since 2018, Bitget Wallet has become a complete DeFi platform with over 20 million global users, surpassing MetaMask in trading volumes. 

The Onchain Layer will facilitate Web3 interactions, support developers, and offer new financial services, also focusing on the Meme ecosystem with initiatives such as the $MOEW token and a Meme token ranking.

In May, Bitget Wallet reached the first place in the security ranking of wallets by CertiK, surpassing Trust Wallet and MetaMask, highlighting its advanced security capabilities as a non-custodial Web3 wallet. 

With a particular focus on preventive measures, including the integration of MPC technology and “keyless” AA wallet and support for hardware wallets, Bitget Wallet addresses common issues such as the loss of the private key and the authorization of malicious contracts. 

Rigorous security checks and a comprehensive risk alarm system further enhance its security position.

It has now been more than 3 years since Elon Musk decided to stop supporting Bitcoin as a means of payment for the purchase of electric vehicles at his production company Tesla Motors, highlighting the degrading energy impact of Bitcoin mining.

Today, things seem to have changed significantly, with the crypto becoming notably more eco-friendly to the point of meeting the minimum sustainability criteria previously indicated by Musk himself.

Is there a possibility that Tesla will once again use Bitcoin as a payment currency? We will see it in this article.

Elon Musk, Tesla and Bitcoin: a story of love and hate in 2021

In February 2021, at the dawn of the last bull run, Elon Musk monopolized the market’s attention by announcing a Bitcoin purchase operation by his company Tesla Motors for a total amount of 1.5 billion dollars.

Immediately after the EV car manufacturer began accepting cryptocurrency as a possible payment currency for the purchase of electric cars, initiating an era of expansion of the cryptographic sector within the world of big companies.

The party, however, lasted very little because just 2 months later, in May 2021, Elon Musk decided to backtrack, and stop the integration of Bitcoin into Tesla’s circuits, citing environmental concerns.

In fact, Tesla has always been a company with a vision focused on environmental respect and a mission oriented towards spreading and promoting the culture of renewable energy worldwide.

The process of mining Bitcoin in 2021, according to what was reported by Musk, was using too many fossil fuels and went against the values that had guided the car manufacturer up until then.

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP

— Elon Musk (@elonmusk) May 12, 2021

From that point on, Tesla no longer referred to Bitcoin, and indeed in the second quarter of 2022, in the midst of the bear market, decided to silently sell (at a loss) 75% of the shares purchased the previous year.

As of today, the company still represents the third largest holder of the orange coin, for a total of 9,720 coins purchased at an average cost of 337 million dollars, now valued at 641 million dollars.

Source: https://bitcointreasuries.net/entities/2

Although Tesla has disappeared from the crypto radar without publicly referring to Bitcoin anymore, its founder Elon Musk has addressed the topic several times on X.

In addition to hosting some “Space” where he discussed the topic, and praising the community of other cryptocurrencies such as Dogecoin, Musk at the time explicitly stated that he would reconsider the idea of including Bitcoin as a means of payment in Tesla if its production became sustainable for at least 50%.

This means that at least half of the Bitcoin mining industry should have been powered by renewable energy sources (solar, wind, etc).

This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.

When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.

— Elon Musk (@elonmusk) June 13, 2021

BTC increasingly eco-friendly: will it be accepted by Tesla again?

More than 3 years after the love and hate story between Musk, Tesla, and Bitcoin, many things have changed. Over time, the pressure from world governments on the miners’ industry to comply with ESG factors and the institutional appreciation of the cryptocurrency has led to a concrete reduction in the commitment to fossil fuels in this much-contested practice.

Furthermore, several technological advancements have been made, making cryptocurrency mining increasingly energy-efficient.

According to what is reported from the graph of sustainable energy use in Bitcoin mining, modeled by the venture capitalist in the field of climate technology Daniel Batten and the data analyst Willy Woo, the sustainability of the crypto is currently at its historical highs around the value of 55%.

This means that more than half of Bitcoin mining is powered by renewable energy sources, with a strong positive trend observed from the second half of 2021 onwards, right after Tesla’s historic U-turn.

Although the minimum sustainability level desired by Musk has been reached, it is not guaranteed that Tesla will resume support with Bitcoin payments.

First and foremost, as noted by the data analyst and researcher at the Vrije Universiteit Amsterdam and De Nederlandsche Bank Alex de Vries, most of the statements about the energy impact of Bitcoin mining lack transparency and verifiability. Here is what he reported in an interview:

“The Bitcoin mining industry loves to talk about transparency until specific data is requested.”

The analyst specified how even the United States Energy Information Administration (EIA) had a somewhat non-transparent direct experience with the mining sector, only to be sued by the giants Riot Platforms and the Texas Blockchain Council.

De Vries argues in particular that the miners have made some “absurd claims” about the use of renewable energy, and believes that Musk is aware of the misleading data.

Alexander Neumüller, ricercatore presso il Cambridge Centre for Alternative Finance (CCAF), crede che le attuali metodologie per ricavare il mix elettrico di Bitcoin siano imprecise perchè si basano su ipotesi piuttosto che dati certi e verificabili.

For example, the Bitcoin Mining Council, an association of miners formed after the issue with Tesla, already claimed in mid-2023 that the sustainable use of electricity by the global mining sector amounted to 59.9%.  

The problem is that these data, obviously falsifiable, come from his investigations on miners in North America.

In any case, according to reliable data from the Cambridge Bitcoin Electricity Consumption Index (CBECI), the use of coal has remained fairly stable in recent years, slightly decreasing from 40% to 36%.

From here we can infer that the trend of Bitcoin mining is moving towards an increasingly user-friendly situation, although it is not yet empirically above 50% of energy sustainability.

The analysts at CBECI state that if gas and nuclear were included among sustainable energies, the rate of renewable energy usage by Bitcoin mining would be 63%. However, if both were removed from the equation, the rate would drop to 28%.

In the midst of this imprecise data, Tesla and Elon Musk have not exposed themselves in a decision that would very likely open public debates potentially dangerous for the public image of the electric vehicle manufacturer, always focused on energy sustainability.

It is clear that if the current trend continues undisturbed in the coming years, sooner or later we will have reliable data that certify the surpassing of 50% of renewable energy sources, and in that case Musk will be “forced” to admit it publicly.

If the integration with Tesla should resume and the crypto is readmitted as a means of payment, then we will certainly have a new wave of global attention, with a focus that will very likely shift to speculation, driving BTC towards new all-time highs.

In recent days, an important milestone has been reached regarding the scaling of the Ethereum (ETH) blockchain and its layer-2 and layer-3.

Just yesterday, in fact, the all-time high of the number of daily transactions recorded overall on Ethereum’s layer-1 and all its upper layers was registered. 

According to the data from L2BEAT, the average daily TPS on Ethereum’s layer-1, that is, its actual blockchain, has settled at a modest 13 tx/s, but the overall figure, which also includes the upper layers, has approached 246 tx/s.

Just think that seven days ago the average TPS on layer-1 was practically the same, but with the upper levels it was just 123 tx/s, or about half. At the beginning of the year, it was only 73 tx/s, while the one on layer-1 has always been more or less around 13. 

The second layer and the scaling of the Ethereum (ETH) blockchain

What is making the most difference is the layer-3 Xai, a scaling solution for gaming created by Offchain Labs, the company behind Arbitrum One.

Just yesterday it recorded a TPS of over 101 tx/s, followed far behind by layer-2 Base at about 33 tx/s. 

It should be noted that there are two other upper layers that have recorded a higher daily average TPS than Ethereum, namely Arbitrum, with more than 20 tx/s, and Proof of Play Apex with almost 16.

Moreover, both Taiko and Blast are also recording interesting numbers, because they are both above 11 transactions per second. 

L2BEAT monitors as many as 74 chains, including layer-1 (Ethereum), layer-2, and layer-3, although for about ten of these it is not managing to collect data. 

In the last twelve months, the daily average TPS of Ethereum has remained more or less constant around 12 or 13 tx/s, while the overall TPS was just 30 tx/s, which is slightly more than double that recorded on layer-1. 

As recently as February of this year, the overall TPS was still only at 40, but after the Dencun update in March that reduced fees on the upper layers, it skyrocketed first to 100 and then recently well beyond 200 tx/s. 

This makes it very clear that by now the majority of transactions within the Ethereum ecosystem do not occur on layer-1 (the native Ethereum blockchain), because there they are relatively slow and expensive, but on the upper layers where they are faster and above all much more economical. 

The fees

The average cost per transaction on the Ethereum blockchain yesterday was over $2. Five days ago, however, it was over $6, and a good ten days ago it had risen to almost $9. Not to mention the fact that on March 5th it skyrocketed to over $30.

Instead, according to the data from L2BEAT, yesterday on Base the average cost per transaction was 0.4 thousandths of a dollar, or 0.0004$. 

On Optimism it was 1 thousandth, and on Arbitrum slightly above 2 and a half thousandths. 

The difference is truly remarkable, and this is due to the fact that on layer-1 it is not possible to reduce costs by increasing TPS, while the upper layers can scale much more easily. 

It should be remembered that the average cost of a single transaction depends on the level of network congestion, so a network that supports higher TPS can clear the queue of pending transactions much faster, greatly reducing congestion. 

Instead, on layer-1 like Ethereum and Bitcoin it is not possible to increase the number of validated transactions per second, making it very difficult to reduce congestion in case of many requests.

The price of ETH

This remarkable increase in on-chain activity has not, however, had positive effects on the price of ETH, also because ETH is used to pay the cost of transactions on layer-1.

About ten days ago it had risen above $3,800, but starting from Friday, June 7, it began to fall. 

First it went back to $3,600, and then it dropped below $3,500.

In particular, last Friday for a brief moment it had also dropped below $3,400, but at that point, it recorded a quick rebound that in fact then brought it back around $3,500. 

The current price levels are in line with those of mid-April before the early sell-the-news on Bitcoin was triggered about a week before the halving.

At that time, the price of ETH dropped to $3,000, and then fell below $2,900 during the month of May. 

It then recovered after the news of the possible approval of spot ETH ETFs in the USA (which later happened), but since we are still waiting for their actual debut on the stock exchange, there is still a lot of calm and uncertainty at the moment. 

It is worth noting that the current price of ETH is still 28% lower compared to the all-time highs of late 2021, while for example that of BTC is -% from the all-time highs of March. 

The Bloomberg analyst, Eric Balchunas, continues to update the general public on the highly anticipated launch of spot Ethereum ETFs in the USA, moving his prediction to July 2. 

ETF on Ethereum: Bloomberg’s forecast for their launch is now July 2nd

The latest update from Eric Balchunas, analyst at Bloomberg, states a new forecast for the launch of spot Ethereum ETFs in the USA for July 2.

This is an anticipation compared to what was previously stated, which was July 4th. 

Makes sense. What I heard: issuers still waiting to get comments from Corp Fin on S-1s which they handed in 2wks ago. Corp Fin is just looking at these docs for first time (why? bc of the (highly likely) political last min 180 (remember they were as surprised by this as anyone… https://t.co/N32N6jFXBv

— Eric Balchunas (@EricBalchunas) June 13, 2024

UPDATE: we are moving our launch date for the Ether Spot ETF to July 2, having heard that the Staff sent comments on the S-1s to issuers today, and that they are quite light, nothing major, asking them to return within a week. There is a good chance they are working to declare it effective the following week and get it out of the way before the holidays. Anything is possible, but this is our best guess at the moment.

In practice, the new forecast date for the launch of spot ETFs on Ethereum, by Bloomberg’s analyst, is based on the comments from the staff of the United States Securities and Exchange Commission (SEC). 

Such comments are addressed to the issuers of the Ethereum spot ETFs, who are awaiting a response on their S-1s, for which it seems there is a good chance that the SEC will work on them for implementation as early as next week.

Ethereum spot ETF and Bloomberg forecasts: the new launch date is July 2

Just the day before the publication of this update, Balchunas di Bloomberg had shared something quite different. 

In fact, the issuers of spot Ethereum ETFs had not yet received a response, and for this reason, the analyst had postponed his previous forecast of July 4th.

The journalist from FOX Business, Eleanor Terrett, had also published the details on this topic. Basically, it seems that Gary Gensler, Chairman of the SEC, would have stated “during this summer” and Senator Bill Hagerty “by the end of this summer”.

It was May 23 when the SEC had approved the eight 19b-4 filings for the listing of spot ETFs on Ether in various US exchanges. Unfortunately, however, the real launch on the stock exchange can only occur when there are approvals for the S-1 registration statement.

Mark Cuban’s thoughts on the SEC Chairman

In the meantime, Mark Cuban, the pro-bitcoin and crypto billionaire investor, has publicly stated his thoughts on the SEC Chairman, Gary Gensler.

In practice, Cuban sees that Gensler’s actions are an obstacle for Joe Biden’s election to the presidency of the USA. 

This is because the President of the SEC continues to act against crypto, leaving that the young crypto holder voters will pass their vote to other candidates. 

On the contrary, in fact, there is Donald Trump who seems to use the crypto sector as an integral part of his election campaign, declaring himself in favor of its growth. 

SPONSORED POST*

While Bitcoin (BTC) cements itself as the gold standard of cryptocurrencies, many are aiming to become household cryptocurrencies over the coming months and years. As it stands the top contenders in the industry include Rollblock, VeChain, and Arbitrum. For investors looking for cryptos with long-term prospects, these are the best crypto coins to buy now. 

Rollblock is a new player in the gaming industry and offers several features. Its high APY through staking coupled with an attractive revenue shared model and no KYC requirements are some of the reasons it has gained huge traction. With such an attractive offering experts believe that Rollblock is among the best coins to invest in today. 

Rollblock: A Major Player in the Crypto Industry

Despite the numerous top crypto coins such as Arbitrum and VeChain, Rollblock’s emergence is set to disrupt the status quo. Using the blockchain to ensure provably fair gaming technology, Rollblock is shaping up to become a transformative force in the igaming world. For context, Rollblock is a new GambleFi protocol that will bridge the gap between CeFi and DeFi games to offer users the best of both worlds.

As it stands the Rollblock platform is fully licensed and operational, which has massively encouraged investors to participate in their presale due to the rarity of a fully fledged business offering presale opportunities. The native token of Rollblock, RBLK serves as the heartbeat of the ecosystem. With full support of multi-currency staking investors looking to generate a passive income have been blown away with the fluidity and simpleness of Rollblock’s platform. 

Additionally, players can enjoy full anonymity when playing games on Rollblock’s platform due to there being no necessary requirements to complete a KYC or submit personal documents. This has been seen as an exceptional characteristic especially for those who enjoy the true meaning of decentralization. Moreover, aside from being the main currency of the platform, $RBLK is a play-to-earn token meaning players’ activities are rewarded, which inturn increases the likelihood of rewards players are granted.

As it stands the Rollblock token is being sold for $0.014, while still at the stage 3 presale there are rumors about a potential listing of the Rollblock token on a major CEX exchange in Q3. As such, analysts project over 1000% rallies in the coming weeks, making RBLK one of the best crypto investments of 2024. Notably, there is a welcome bonus for new users who deposit up to $500. 

VeChain Price Predictions: Can VET hit $0.1 by August?

VeChain (VET) is one of the top Web3 platforms that has witnessed massive adoption in the past months.  As one of the top crypto coins, VeChain’s yearly market outlook looks great. As per CoinMarketCap data, the VeChain price has gained 87% in the past year but has declined by 10% in the past 30 days. 

Major key market indicators are bearish, with VeChain’s trading volume and market cap on a decline. Zooming in, VeChain is trading below the 50-day and 200-day SMA with a bearish market sentiment. Even at that, crypto analyst Yapper believes VeChain’s daily support is strong enough to trigger a resurgence. With a healthy financial foundation, as seen from the recent Q1 report released, VeChain is one of the best crypto coins to buy now.

Despite a Gloomy Outlook, Arbitrum Price Expected to Soar

Arbitrum (ARB) is an Ethereum-based platform that has experienced massive adoption in the past months, triggering a rise in the Arbitrum transaction fees. However, the current market outlook for Arbitrum isn’t promising. The Arbitrum price sank by 4% in the past month and 14% in the past week, based on CoinMarketCap data. 

Added to this are the negative signs from the Arbitrum market cap and trading volume. Also, Arbitrum has witnessed 13 green days in the past month and has a bearish market sentiment. However, as one of the largest layer 2 blockchains with a total value locked (TVL) of $3M, the current dip presents the best opportunity to buy the token. Major Arbitrum price prediction tips it to hit $2 in Q3. 

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

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

The billionaire investor Mark Cuban believes that the President of the SEC of the USA, Gary Gensler, could “cost Joe Biden the elections” due to the hostility towards crypto.

Mark Cuban: SEC Chairman as an obstacle to Joe Biden’s election because against crypto

Mark Cuban, famous pro-bitcoin and cryptocurrency billionaire, spoke at the Coinbase’s State of Crypto Summit, stating that Gary Gensler of the SEC could “literally cost Joe Biden the election”. 

Reporting it is Eleanor Terrett, journalist of Fox Business, with her tweet:

NEW: @mcuban says @GaryGensler could “literally cost @JoeBiden the election” because of all the young voters that own crypto.

“If he has a political career in mind, he’s done,” Cuban says of Gensler. https://t.co/zNtsI2QyZB

— Eleanor Terrett (@EleanorTerrett) June 13, 2024

“NEW: @mcuban says @GaryGensler could “literally cost the elections to @JoeBiden because of all the young voters who own cryptocurrencies.” “If he has a political career in mind, he’s finished,” says Cuban about Gensler. NEW: @mcuban tells participants at the State of Crypto event by @coinbase that he is telling senators, governors, and representatives that the problem for American #crypto companies is the registration process of the @SECGov. Cuban calls it “a uniquely American problem of @GaryGensler””.

In practice, for Cuban, the President of the Securities and Exchange Commission of the USA acts as an obstacle to Joe Biden’s elections because he drives away all the young crypto holder voters. 

Not only, for Cuban, Gensler has become the only problem even for crypto companies, especially regarding the registration process with the SEC. 

Mark Cuban against the SEC President: “excludes all young crypto voters from voting for Joe Biden”

In reality, Cuban is not the first time he has taken a stand against Gensler and accused him of being an obstacle for Joe Biden’s elections. 

Already last month, the pro-bitcoin billionaire investor reiterated his thoughts, also accusing Gensler of not protecting any investor against scams but only making life impossible for crypto companies. 

If @joebiden loses, there is a good chance you will be able to thank @GaryGensler and the @NewYork_SEC
Crypto is a mainstay with younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD

All he has done is make it nearly impossible for… https://t.co/uBKupxLhS9

— Mark Cuban (@mcuban) May 10, 2024

If @joebiden loses, there is a good chance to thank @GaryGensler and the @NewYork_SEC. Cryptocurrencies are a reference point for younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD.

All it has done is make it almost impossible for legitimate cryptocurrency companies to operate, killing who knows how many businesses and ruining who knows how many entrepreneurs. This is also a warning to Congress. Cryptocurrency voters will be heard in these elections. You could solve this problem for Biden by passing legislation that defines a specific registration for the cryptocurrency industry, just like other sectors have a defined registration for them. Or you could do the better option and assign all cryptocurrencies to the regulation of the @CFTC. They really know what they are doing.

The message from Cuban against Gensler refers to the criticisms expressed by the SEC Chairman towards the bill on the crypto market awaiting a vote in the US House of Representatives.

According to Gensler, the proposed law excludes blockchains and crypto from securities regulation, and therefore could undermine investor protection. 

The surveys on Polymarket

At the beginning of June, the traders of Polymarket continued to bet on the victory of Donald Trump for the 2024 elections. This, despite his conviction of guilt to which, however, for 75% of the bets still on Polymarket, Trump will not go to prison.

Specifically, the two-week bets on Donald Trump as the new President of the USA were 56% against Joe Biden’s 37%. 

At the time of writing, while the bets on Trump have remained at 56%, the bets on Joe Biden becoming the new President of the USA have instead decreased. From 37%, Biden is now supported by 34% of Polymarket traders.

In order to diversify the basket of systematic trading strategies, this article will attempt to evaluate whether it is possible to approach trading on Ethereum (ETH) with a “mean reverting” strategy based on false breakouts. Like most cryptocurrencies, Ethereum has historically shown a predominantly “trend following” behavior, therefore seeking trend reversals might seem like a counterproductive choice. 

With the recent evolution of the crypto market, it might be useful to consider incorporating a strategy into your portfolio that takes advantage of the “mean reverting” trend, which seems to be increasingly present in this market as well, fueled by growing liquidity.

To do this, an attempt will be made to define a trading system that can take advantage of false breakouts at the previous session’s low levels, which increasingly often result in rebounds rather than downward trend extensions. Upon breaking the previous day’s low, the condition will be met to enter long if the price returns to the just-broken low level.

Structure and initial results of the mean reverting trading system on Ethereum (ETH)

The strategy, which will be built only on the long side, assumes entering after bearish market movements with the idea that breaking the previous day’s low could lead to a rebound. 

The session is calculated using the exchange’s time (normally Greenwich Mean Time, GMT) from midnight to 11:59 PM, considering a historical data series from 2016 to today (May 2024). A fixed amount of $10,000 per trade is set, with an initial stop loss of $3,000.

Positive results are obtained right from the start, with a growing equity line. In the following figures, it can be seen how the total profit of the system exceeds $71,000 in just 75 trades, with an average trade of $1,100. These results might seem overly positive, but in reality, they indicate a still rough strategy, given the few very long-duration trades, as confirmed by the high value of the average trade.

Although it provides interesting metrics, the low number of operations makes the statistic not very robust, in addition to being not very applicable in real trading given the long duration of many trades.

It is therefore appropriate to limit the duration of the trades, perhaps finding a compromise between average trade and number of operations through an optimization of the parameters used.

Figure 1. Equity line of the mean reverting trading system on Ethereum (ETH).

Figure 2. Average trade of the trading system mean reverting on Ethereum (ETH).

Figure 3. Summary of the performance of the mean reverting trading system on Ethereum (ETH).

Optimization to determine the ideal duration of trades 

As a first step, we will try to limit the duration of the trades by imposing closure after a certain number of days. By optimizing between 5 and 120 days, the values in figure 4 are found. As noted from the graph in figure 5, around 55 days there is an area with good values of average trade and net profit on drawdown. This is still a rather long duration compared to the event that generates the market entry (false breakout of the previous lows), but the optimization shows that it is not possible to achieve noteworthy results with shorter duration trades. Therefore, as an example, we will choose to close the trades at most after 55 days. 

Figure 4. Optimization of trade duration (expressed in days).

Figure 5. Chart of the main results of the optimization.

The total profit of the system has dropped to about $46,000 with an average trade of $130, values lower than the previous ones, but definitely more realistic considering that they are obtained in 354 operations, a number that makes the statistics more robust and the trade time horizon more sustainable. However, there might still be room to improve the metrics and get closer to a strategy that can be considered for live trading. For example, one could filter the entries with price patterns, trying to operate only when there are ideal conditions.

Analysis of price patterns to improve the results of the mean reverting trading system on Ethereum

In this regard, a proprietary list will be used that brings together many price combinations, different from each other, which will serve to understand in which situations Ethereum (ETH) seems to work best with the logic of false break out being tested.

Figure 6. Optimization of price patterns to improve the effectiveness of trades.

The case “PtnNeutYes=4” (figure 6) identifies the days following a session with little conviction. These are days in which the “body” of the daily candle (open-close) was not greater than 75% of the total range of the daily candle (high-low). Therefore, one would want to avoid those situations where the “body” is greater than 75% of the total range of the session. 

It is noted how in fact MyPtn number 4 manages to increase the average trade (152$) and the net profit (49,209$). The drawdown also decreases and stands at -6,697$. A good improvement, also visible from the shape of the equity which is decidedly more regular (figure 7).

Figure 7. Equity line of the mean reverting trading system with the application of Pattern 4.

Figure 8. Average trade of the mean reverting trading system with the application of Pattern 4.

These good results are certainly far from those that would have been achieved with the simple “buy & hold” of Ethereum (ETH) from 2016 to today (figure 9) in terms of absolute profits. But it must be considered that the fluctuations of the “buy & hold” are not comparable to those experienced by the trading system, making the former a definitely less sustainable approach. In addition to this, it should be noted that the trading system uses a fixed size, while applying the “buy & hold” is like reinvesting the profits obtained. 

Figure 9. Buy & hold of Ethereum (ETH) since 2016 with $10,000.

Final considerations on the mean reverting trading system on Ethereum

In conclusion, it has been shown how it is possible to operate with a mean reverting approach even on an instrument like Ethereum, typically trend following, which with the general growth of the mercato crypto presents more and more opportunities for reversal. The trading system developed in this article is certainly not ready for live trading, but the reader is left with the task of further experimenting and optimizing this idea to refine it and transform it into a real operational strategy.

See you next time and happy trading!

Andrea Unger

On June 18, 2024, the new event Rebirth Rebuilt 1/100 will take place in Milan, presenting the new format that features the dialogue between art and the real estate market: among the artists, Andrea Crespi, famous in the NFT Art sector, will also be present. 

The NFT artist Andrea Crespi at the premiere of Rebirth Rebuilt 1/100: art and the real estate market 

On June 18, 2024, in Milan, there will be the new event Rebirth Rebuilt 1/100, curated by Jennifer Modigliani and Clelia Patella, which presents the new format featuring the dialogue between art and the real estate market.

Among the artists present at this first meeting (1/100), there will also be the famous Italian NFT Art artist: Andrea Crespi. 

The Italian physical and digital artist Crespi is known for his work that develops in the continuous investigation of different media and themes, including optical illusion, social transformation, and digital revolution. 

Besides Crespi, there will also be other well-known artists such as the French street artist, Priest (whose real name is Christian Guémy), known for his intense stencils that often depict faces and human figures in a realistic manner. 

Or Waro, the contemporary Italian artist who finds his own harmony in chaos through a bold and cartoonish style.

The event and its participating artists aim to reintroduce the concept of artful living in the city, through a collective art exhibition where artists selected for the occasion display their works, creating dialogues between different visual languages within a construction site, an unconventional theater, to emphasize the importance of the construction phase as an active and dynamic moment.

The NFT artist Andrea Crespi and the artful living of the Rebirth Rebuilt 1/100 in Milan

The Rebirth Rebuilt 1/100 event, in which the NFT artist Andrea Crespi also participates, is inaugurated by DedoArt, together with Dedo Re, both agencies founded by Jennifer Modigliani. Here is how Modigliani commented on the new event:

“I am thrilled to be able to sign this project that opens my imagination and embraces the concept of transformation. Milan has been my muse: daily I can breathe art and design in this city where architectural lines intertwine creating designs tracing a metamorphosis still in progress where the search for new types of spaces becomes a necessity to live inspired beyond the functional aspect of things.

This exhibition is an invitation to reflect on the theme of living: being surrounded by beauty is not a luxury, but a lifestyle. The Certosa district, chosen as the stage, is synonymous with opportunity and sustainability; here lines are drawn that are in the making, ready to define the contours of a new urban detail in a scenario where innovation and tradition meet. Setting up the exhibition in a construction site is not just an aesthetic choice, but a metaphor, an affirmation of trust in this change that tells how ideas take shape and every element finds its place.

The concept of artful living means living surrounded by art: stimulating our creativity improves our well-being and connects us to culture in a profound way. Imagine coming home and finding inspiration in every corner, in every detail. This is the vision we want to share: to chart a new map of spaces and moments that resonate with our lives.”

Artful living is a well-established trend in the USA, where apartments and homes, both luxury and non-luxury, are sold with artworks integrated into the domestic environment. 

The conquest of Asia by Crespi

Only a year has passed since Andrea Crespi was making headlines for having exhibited his works also in Asia, winning the hearts of Hong Kong and Beijing. 

These goals were achieved after the success of his exhibitions in Europe and America, just like a true global conquest of the NFT artist and beyond. 

On that occasion, Crespi exhibited at Art Basel Hong Kong, presenting an unpublished, engaging, and reflective work on themes of freedom. 

Specifically, in this work, Crespi decides for the first time to exhibit a piece that combines visual art and music, matter and algorithm. And so, the sound element, created with Artificial Intelligence, encapsulates the concept of the work exhibited in Asia. 

On the contrary, at the CAFAM in Beijing, Crespi presented an exhibition related to the crypto art movement, showcasing the most progressive and innovative developments in contemporary art and culture. 

The trading volumes of multichain on the decentralized exchange Uniswap have taken off. 

Uniswap Labs revealed it in a recent post on X. 

All-time L2 volume on the Uniswap Protocol:

22 months to reach $100B
10 months to reach $200B

And just 3 months to reach $300B pic.twitter.com/CQahuxJHQN

— Uniswap Labs (@Uniswap) June 13, 2024

The Uniswap exchange records a boom in multichain volumes

Uniswap is a decentralized exchange born in 2018 on Ethereum. It was one of the first decentralized exchanges in the world, and for some time now it has dominated both in terms of volumes and TVL in this specific sector.

Although in terms of daily volumes it is not always consistently in the first position, in the long run it continues to dominate substantially unchallenged. 

However, for some time now Uniswap has effectively become a multichain DEX, as it also supports many layer-2 chains of Ethereum. In total, it is present on 19 chains, including some alternative chains to Ethereum, such as BSC and Avalanche.

Specifically, however, the post on Thursday by Uniswap Labs showed the real boom in overall volumes that Uniswap has recorded in recent years on Ethereum layer-2s Arbitrum, Polygon, Optimism, and Base.

Initially, the volumes of Uniswap on Ethereum layer-2 were insignificant, but starting from the end of 2021, that is from the peak of the last great bullrun, they began to grow. 

Until January 2023, the growth had been slow and steady, but starting from February 2023, there was a first boom that led the overall monthly volumes on Ethereum layer-2 to exceed 100 billion dollars. 

But if it took a full 22 months to reach 100 billion dollars, it only took another 10 to surpass 200 billion dollars. Furthermore, it only took another 3 to also reach 300 billion dollars in total monthly volumes. 

In fact, the second big boom happened this year, probably thanks to the Dencun update of Ethereum which drastically lowered the fees on on-chain transactions on layer-2.

Uniswap: record of multichain volumes on the decentralized exchange

At this moment the DeFi protocol Uniswap has almost 5 billion dollars of TVL on Ethereum, with about 700 million dollars of daily trading volume on this chain. 

On Arbitrum, however, it only has 300 million dollars in TVL, but it exceeds 150 million in daily trading volume. Therefore, with a TVL sixteen times lower, it records a volume that is only five times lower. 

On Base, it is even recording more than 240 million dollars in daily trading volume, compared to only 321 million in TVL. Base is the fastest and cheapest layer-2 on Ethereum among the main ones, also because it was developed by the Coinbase team. Practically, with a TVL that is about fifteen times lower than that on Ethereum, it records trading volumes that are only three times lower. 

On Polygon and Optimism these numbers are lower for Uniswap, but on the other hand, Base and Arbitrum are the cheapest layer-2 on Ethereum that exist, among the most used ones. 

It should be noted that on BSC, which is effectively an alternative layer-1 chain to Ethereum, Uniswap is decidedly marginal, with less than 15 million dollars in daily trading volumes, and on Avalanche it is irrelevant. 

In total, what is the largest DEX in the world currently approaches 2 billion dollars in daily trading volumes with a TVL exceeding 5.8 billion. 

Although the main chain it works on is still Ethereum, most of the volumes are now recorded on the other chains combined. 

Uniswap Labs

Uniswap Labs is effectively a private company that develops the code for the Uniswap protocol. 

However, this is a public smart contract that runs independently on decentralized blockchains such as Ethereum, so it can be said that Uniswap Labs does not control Uniswap, but only controls its development, that is, the release of new versions. 

In fact, a public smart contract once uploaded to a decentralized blockchain cannot be modified. At most, a new version can be launched. 

The Uniswap protocol has reached its third version, and Uniswap Labs is already working on the fourth. 

The UNI token

Uniswap also has its own native token, called UNI. 

After the boom of the first months of 2021, thanks to which the price of UNI reached its all-time highs at almost $45, there was a long bear-market that ended only in October of last year below $4. 

It should be noted that the initial price at the time of landing on the crypto markets, in September 2020, was about $3.4, which is not much lower than the minimum peak of the bear-market 2022/2023.

Starting from November, however, UNI was also able to benefit from the new bullrun, climbing to almost $8 by the end of 2023. 

During the course of 2024, a mini-bubble inflated on the price of UNI between February and March, with a quick rise above $15 followed by an equally rapid plunge below $7. 

It should be noted, however, that 7$ is still much more than the 4$ at which the bullrun started, although less than the peak of 8$ at the end of 2023, and that there has been a rebound since the end of May. 

Thanks to this rebound, the price of UNI has returned to around $11, which is close to the highs of 2024 if we exclude the mini-bubble of February/March. 

The current price level is in line with that of April 2022, before the implosion of Terra/Luna, and this suggests that the bear-market of UNI is now definitively over, although in theory, another one could always start sooner or later. 

SPONSORED POST*

Fetch.ai (FET) recently experienced a sharp 10% drop, raising concerns about its recovery potential. Meanwhile, BONK showed resilience amid a broader crypto crash, though its future remains uncertain. In contrast, BlockDAG emerges as a standout investment opportunity. With predictions of BlockDAG hitting $30 by 2030, backed by its impressive presale success, raising over $50.8 million, showing early investors an 1120% return. Additionally, with its ongoing presale and $2 million giveaway strategy, it emerges as the best crypto to buy in 2024, offering stability and significant ROI potential.

Analyzing Fetch.ai (FET)’s Recent 10% Price Drop: What’s Next?

Fetch.ai (FET) recently announced a significant merger with ASI. This merger is expected to enhance the usage of Fetch.ai by integrating with Ocean Protocol and SingularityNET to create the Artificial Superintelligence Alliance (AIS), a decentralized alternative to AI projects currently dominated by big tech. However, despite these promising developments, Fetch.ai’s price has dropped 10% in a week, finding support at $1.70. This makes investors increasingly cautious about investing in Fetch.ai, opting instead for more promising cryptocurrencies such as BlockDAG.

BONK Price Update: Minimal Decline Despite Market Pressure

BONK has shown surprising resilience in the face of a broader crypto market downturn. While many meme coins have seen significant price drops, BONK’s decline has been relatively modest. BONK has decreased by 2.71% to $0.000247, but this is small compared to the 5-10% losses of its peers. Despite a weekly decline of 7.46%, BONK has gained 34.32% over the past month. This resilience, along with a 16.09% increase in 24-hour trading volume to $609.24 million, suggests strong investor interest. Technical indicators hint at a potential uptrend, but the broader market sentiment and upcoming US Consumer Price Index (CPI) data could significantly impact BONK’s recovery.

Predicting BlockDAG’s Future: $30 by 2030 and Beyond

BlockDAG has rapidly gained traction in the crypto world, marking a successful presale by collecting $50.8 million during its Batch 18 presale. This achievement underscores the overwhelming confidence and support from early investors. With BlockDAG now listed on CoinMarketcap, the project’s credibility is firmly established. The presale success, highlighted by the sale of over 11.5 billion BDAG coins and 7,800 miners, further solidifies BlockDAG’s position as a promising investment opportunity.

The progression through BlockDAG batches has seen substantial price surges, with Batch 18 priced at $0.0122, representing a 1120% growth from Batch 1. Investors have seen their stakes grow significantly, and with plans to continue up to Batch 45, the price is poised to soar further. This rapid progress leads crypto experts to predict that BlockDAG will reach $30 by 2030, offering up to a 30,000x ROI potential. This projection highlights the long-term appeal and significant economic impact BlockDAG could have in the crypto market.

In addition to its presale success, BlockDAG is running an exciting $2 million giveaway. Participants have the chance to win by holding at least $100 worth of BDAG and following BlockDAG on social media. This giveaway, combined with the presale’s stability and growth potential, positions BlockDAG as a superior investment choice compared to other volatile cryptocurrencies. The more investors engage, the higher their chances of winning a share of the prize, inducing invertors’ interest and driving further investment.

Final Words

BlockDAG stands out in the crypto market with its impressive presale success of over $50.8 million and ambitious price projections. While Fetch.ai (FET) and BONK face challenges amidst market volatility, BlockDAG offers a stable and lucrative investment opportunity. With predictions of reaching $30 by 2030 and a $2 million giveaway, BlockDAG is poised to deliver substantial returns for early investors. For those looking for the best crypto to buy in 2024, BlockDAG presents an exciting case. 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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

SPONSORED POST*

With the release of its X1 beta application, BlockDAG is completely redefining the cryptocurrency mining industry. As the debate between Ethereum and Solana over scalability and transaction speeds intensifies, BlockDAG’s mobile application for mining emerges as a significant player. This development comes at a time when XRP prices are seeing potential increases. 

The X1 app, notable for its easy-to-use interface and sophisticated features, has successfully raised $50.4 million during its presale phase. This significant achievement underscores BlockDAG’s expanding influence in major technology centres such as Shibuya, Las Vegas, and Piccadilly Circus, contributing to the success of its presale.

Ethereum vs. Solana: The Battle for Dominance in 2024

As the competition between Ethereum and Solana grows fiercer, the crypto community is keenly watching both platforms. Solana has recently surpassed Ethereum in both active addresses and trading volume, boasting over one million active addresses. 

This surge indicates a robust challenge to Ethereum’s long-held dominance. However, Ethereum holds a strong position, backed by its security features and consistent network activity. Industry experts suggest that Ethereum’s dedication to enhancing security and scalability could secure its leading status in the blockchain sector. The overarching question remains: which blockchain will lead the market in 2024?

XRP’s Market Position Post-SEC Lawsuit

XRP’s journey has been tumultuous, especially following the SEC’s lawsuit against Ripple. This legal challenge caused XRP to fall from its position as the third-largest cryptocurrency to the seventh. Its market capitalisation and trading volume have both suffered. 

Although some progress has been made in legal proceedings, Ripple’s ongoing regulatory issues continue to dampen XRP’s market performance. Ripple advocate Bill Morgan points out that for XRP to experience a price surge, it must overcome these regulatory obstacles and regain essential support levels. The future trajectory of XRP remains uncertain, with stakeholders watching closely to see if it can regain its top-tier status.

Revolutionising Mobile Mining: BlockDAG’s X1 App

The X1 app by BlockDAG is transforming the field of mobile mining through its cutting-edge technology and user-friendly design. This app simplifies the mining process for beginners and offers a rich experience for seasoned miners. Its advanced consensus algorithm minimises energy consumption, which means mining can be done without excessive battery drain or data usage. 

The X1 app is available in beta for iOS and Android users and is engineered to provide an intuitive mining experience accessible to a broad audience. Additionally, the app features an easy signup process, a unique referral system, and rewards for daily engagement, enhancing the mining speed for users who invite others or interact with the app regularly.

BlockDAG’s Technological Presence and Presale Achievements

High-profile technological showcases in Shibuya, Las Vegas, and Piccadilly Circus have highlighted BlockDAG’s technological innovations and drawn substantial investor attention. Notable events, such as the Shibuya Crossing keynote, have demonstrated the capabilities of the X1 app. 

At the same time, Las Vegas and London presentations have reinforced BlockDAG’s commitment to innovation and global expansion. These events have played a crucial role in promoting the launch of DAGpaper V2 and the CoinMarketCap listing, enhancing the project’s visibility and credibility. 

The presale of BlockDAG has been extraordinarily successful, with $50.4 million raised and over 11.5 billion BDAG coins distributed, alongside $3.2 million from the sale of more than 7,700 miners. These efforts have firmly established BlockDAG as a significant force in the crypto market, promising a bright future for the X1 app and its users.

Final Thought

With its advanced technology and intuitive design, BlockDAG’s X1 application is setting a new standard in the crypto-mining industry. As Ethereum and Solana compete for blockchain supremacy and XRP works through its legal challenges with the hope of a price resurgence, BlockDAG continues to draw substantial investments, marked by a $50.4 million presale triumph. 

The app’s seamless mining capabilities and strategic promotional efforts in global tech centres underscore BlockDAG’s potential to become a key player in the cryptocurrency sector, for investors seeking to capitalise on the next significant opportunity in crypto, BlockDAG and its pioneering X1 app present a compelling prospect.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

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

Launched with a mission to unite early adopters of Blockchain technology, the Wallcrypt Club aims to build a strong and motivated community to democratize and promote the benefits of Blockchain, becoming a landmark in the Web3-IA world globally.

See below an interesting interview with the CEO.

– What inspired you to create Wallcrypt Club, and what primary goals do you aim to achieve with this project?

I have always been passionate about human contact and public relations. In 1996, when the Internet was in its infancy and Minitel was still dominant, I launched the portal for continuing education, www.formaguide.com. This site quickly became the largest training portal in France, bringing together 700 training organizations and 10,000 trainers. Today, formaguide.com is one of the oldest websites in the world, with 28 years of existence. I sold this business to the Studyrama group.

With Wallcrypt Club, I aim to gather the early adopters of a revolutionary technology like Blockchain. It is crucial to create a strong and motivated community to democratize and promote the advantages of Blockchain. My goal is to make Wallcrypt Club a leading Web3-IA business club in France, Europe, and eventually, worldwide.

 – Your book has been received positively within the blockchain community. Can you share some insights or key takeaways from your book that you believe are crucial for both beginners and seasoned professionals in the blockchain space?

My book is designed as a practical and accessible encyclopedia. Here are some key features that set it apart:

No advertising: The book is entirely free of advertisements, ensuring a smooth and uninterrupted reading experience.

Independent articles: Each article, written by a different expert, can be read independently of the others. This allows readers to focus directly on a specific topic, such as “proof of work,” without needing to read the entire book.

Expert validation: All content has been meticulously validated by a review committee composed of a final-year student from HEC Paris and a certified public accountant specialized in the subject. This provides readers with the assurance of accurate and reliable information.

Reader benefits: This book quickly delivers essential knowledge needed to navigate and understand the Web3 ecosystem, whether you are a beginner or an experienced professional.

With these features, the book becomes an indispensable tool for anyone looking to master the fundamental and advanced concepts of blockchain.

 – Wallcrypt Club has introduced a game as part of its offerings. Can you elaborate on how the game works and what educational or experiential benefits it provides to players interested in blockchain technology?

The game consists of cards and tokens, eliminating the need for a computer or phone to play. This removes any technological apprehension and encourages face-to-face interactions, creating a convivial atmosphere. No prior knowledge of Web3 is required to participate.

The objective of the game is to score as many points as possible. Points are earned by collecting coins and business cards. The game aims to familiarize players with Web3 vocabulary and help them understand its fundamental concepts.

It can be played by 2 to 6 participants, aged 12 and up, providing an educational and entertaining experience that makes learning about blockchain technology fun and accessible.

The game is used in training centers, universities, businesses, as well as in family and friends’ circles. It serves as an excellent tool to raise awareness about blockchain technology while ensuring an enjoyable time for all.

 – How do you see Wallcrypt Club evolving in the next five years, and what new initiatives or projects can members expect to see in the near future?

Our goal is to build a large community of thousands of individuals and businesses eager to discover the benefits of Web3 and AI and connect with professionals in these fields. In one place, members will have access to all the necessary expertise to get answers and stay informed. This is a huge time-saver and a mark of trust.

It will also be easy to organize in-person business meetings in many countries and cities, allowing members to get to know each other and exchange ideas face-to-face.

Among the new initiatives, we will introduce membership cards using Web3 technology, strengthening member engagement and identity within the club.

AI will also play a significant role in the club. We will develop working groups focused on AI and organize seminars with experts at preferential rates.

The most important aspect is networking. The satisfaction comes from facilitating meetings between people who might never cross paths in their daily lives, allowing them to connect and appreciate the new relationships. For example, a 55-year-old math researcher could meet a 25-year-old artist, and together, they might develop joint projects.

These initiatives aim to create a dynamic and interdisciplinary network, offering members unique opportunities for collaboration and growth.

 – Building a community is crucial for any platform’s success. How does Wallcrypt Club foster community engagement and collaboration among its members, and what unique opportunities do members have to connect and grow within the blockchain ecosystem?

As of now, to become a member of the club, you can choose from FREEMIUM, PREMIUM, and CORPORATE offers. An ALL IN NFT provides lifetime membership with all the benefits of the PREMIUM offer.

Encouraging Community Engagement

We will introduce the concept of INCENTIVES within the club. The more active a member is, the more points they earn. Here are some examples:

– Referring new members

– Business recommendations

Points can be exchanged for rewards such as discounts on subscriptions, training sessions, and even cash.

Benefits and Opportunities

– Special rates: We will create a catalog of special rates for club members, offering, for example, special prices for entry to professional events.

– Exchange platform: Members can interact and collaborate through our platform wallcrypt.businessapp.fr.

– Physical meetings: You can propose physical meetups. For instance, if you are traveling to a city, you can invite club members to meet for a drink. This allows you to connect with members who share similar interests in Web3 and AI.

Networking and Collaboration

Wallcrypt Club strives to encourage community engagement and collaboration among its members. We regularly organize events and seminars with experts, available at preferential rates. These events offer unique opportunities for networking and personal development within the blockchain ecosystem.

By creating an environment where members are incentivized to actively participate and collaborate, Wallcrypt Club ensures a positive and dynamic atmosphere conducive to innovation and growth.

 – Comment voyez-vous l’évolution du Wallcrypt Club dans les cinq prochaines années, et quelles nouvelles initiatives ou quels nouveaux projets les membres peuvent-ils s’attendre à voir dans un avenir proche ?

L’objectif est de développer une communauté importante de plusieurs milliers de personnes et d’entreprises souhaitant découvrir les avantages du Web3 et de l’IA, et être mis en relation avec des professionnels du secteur. 

En un seul lieu, les membres ont accès à toutes les compétences nécessaires pour obtenir des réponses et s’informer. Cela représente un gain de temps énorme et un gage de confiance.

Il sera également facile d’organiser des rencontres d’affaires en présentiel dans de nombreux pays et villes, permettant ainsi aux membres de faire connaissance et d’échanger en personne.

Parmi les nouvelles initiatives, nous allons introduire des cartes de membres utilisant la technologie Web3, renforçant ainsi l’engagement et l’identité des membres au sein du club.

L’IA jouera également un rôle important dans le club. Nous allons développer des groupes de travail dédiés à l’IA, et organiser des séminaires avec des experts à des tarifs préférentiels.

Le plus important reste la mise en relation. La satisfaction provient de permettre des rencontres improbables dans la vie quotidienne, favorisant des échanges enrichissants. Par exemple, un chercheur en mathématiques de 55 ans pourrait rencontrer un jeune artiste de 25 ans, et ensemble, ils pourraient envisager de développer des projets communs.

Ces initiatives visent à créer un réseau dynamique et interdisciplinaire, offrant aux membres des opportunités uniques de collaboration et de croissance.

 – La construction d’une communauté est cruciale pour le succès d’une plateforme. Comment Wallcrypt Club encourage-t-il l’engagement communautaire et la collaboration entre ses membres, et quelles sont les opportunités uniques offertes aux membres pour se connecter et se développer au sein de l’écosystème de la blockchain ?

À ce jour, pour devenir membre du club, vous pouvez choisir parmi les offres FREEMIUM, PREMIUM, et CORPORATE. Un NFT ALL IN permet d’obtenir une adhésion à vie, avec tous les avantages de l’offre PREMIUM.  https://wallcrypt.club/tarifs/

Encouragement à l’Engagement Communautaire

Nous allons introduire le concept d’INCENTIVE dans le club. Plus un membre est actif, plus il est récompensé en gagnant des points. Voici quelques exemples :

– Parrainage de nouveaux membres

– Recommandation d’affaires

Les points peuvent être échangés contre des récompenses telles que des réductions sur les abonnements, des formations, voire du cash.

Avantages et Opportunités

– Tarifs privilégiés : Nous allons créer un catalogue de tarifs privilégiés pour les membres du club, offrant par exemple des tarifs spéciaux pour l’entrée à des salons professionnels.

– Plateforme d’échange : Les membres peuvent échanger et collaborer via notre plateforme wallcrypt.businessapp.fr.

– Rencontres physiques : Vous pouvez proposer des rendez-vous physiques. Par exemple, si vous êtes en déplacement dans une ville, vous pouvez inviter les membres du club à se rencontrer autour d’un verre. Cela permet de faire connaissance avec des membres partageant les mêmes centres d’intérêt sur le Web3 et l’IA.

Networking et Collaboration

Wallcrypt Club met tout en œuvre pour encourager l’engagement communautaire et la collaboration entre ses membres. Nous organisons régulièrement des événements et des séminaires avec des experts, accessibles à des tarifs préférentiels. Ces événements offrent des opportunités uniques de networking et de développement personnel au sein de l’écosystème blockchain.

En créant un environnement où les membres sont incités à participer activement et à collaborer, Wallcrypt Club assure une dynamique positive et propice à l’innovation et à la croissance.

This week, “What the Punk!” was released, the new 80-minute documentary that tells the story of the famous CryptoPunk and the pioneers of crypto and NFT Art. 

NFT Art with “What the Punk!”: 80 minutes of documentary on the history of the CryptoPunk

On June 11, 2024, “What The Punk!” was released, an 80-minute documentary that explores the extraordinary history of the CryptoPunk and the birth of the vibrant NFT Art scene. 

IMPORTANT

We've decided to use Vimeo OTT to meet the community’s expectations quickly and not keep you waiting any longer.

This will also support our film's run in festivals.

Strong viewership here will help us get streaming deals.

Thanks for your support! https://t.co/Dn5kY6bxzx

— What the punk! (@WTP_Movie) June 12, 2024

“IMPORTANT, We have decided to use Vimeo OTT to quickly meet the expectations of the community and not keep you waiting any longer. In this way, we will also support the participation of our film in festivals. A strong audience turnout will help us secure streaming contracts. Thank you for your support!”

“Watch it NOW on ARTE (France and Germany) or on VIMEO OTT (English version) for $5.99 or $9.99 for purchase”

“What the punk!” was created directly with the participation of the creators of CryptoPunk, Matt Hall and John Watkinson. It tells the story of this unprecedented journey: from a candid blockchain experiment to the most prestigious museums and auction houses in the world.

In practice, the story tells of this almost surreal world in which incredibly creative artists navigate the complexities of the great speculators and digital fraudsters.

The CryptoPunks have shaken the art world, triggering an artistic revolution and a speculative storm of enormous proportions. 

NFT Art: the CryptoPunks told in the new documentary “What The Punk!”

The new documentary on NFT Art has seen its international release on VIMEO OTT for a limited period of 3 months, and on ARTE for France and Germany.

For Europe, the launch of “What The Punk!” took place in conjunction with ART BASEL 2024, at the Kult Kino Cinema, during the Digital Art Mile, a new format of digital art fair in Basel.

ARTE describes the plot of the film about CryptoPunk as follows:

“In 2017, two unknown programmers had fun tinkering with an algorithm. The result was a collection of 10,000 pixelated characters with an old-school 8-bit look, the CryptoPunk, which they then offered for free via blockchain. Who would have thought that just three years later they would be worth billions of dollars.”

Behind “What The Punk!”, there is the director Hervé Martin Delpierre who, in general, dedicates himself to directing documentaries that reveal his passion for the artistic and cultural trends of the 21st century. His most important film is “Daft Punk Unchained”, the only one existing about the most famous electronic band, and it has been sold in more than 80 countries.

The sales of the CryptoPunk collection

I CryptoPunk continue to be at the top of the ranking of the best-selling NFTs, also making Ethereum, the blockchain on which they are developed, the first in terms of volumes. 

To give an example, last April 2024, the CryptoPunk NFT #635 was sold for the modest sum of 4000 ETH, the equivalent at that time of 12.4 million dollars.

Looking at the most recent sales, such as those on Friday, June 14, 2024, the selling prices of CryptoPunk NFTs remain in the range of 28-50 ETH.