Looking at the top crypto rankings, there are few altcoins in the green over the past week. However, Toncoin ($TON), Kaspa ($KAS), and Injective Protocol ($INJ) are among the few top-rated altcoins that have been gaining over the last seven days.

Bucking the fear trend

In the current depressed cryptocurrency market, Bitcoin ($BTC) is down over the past week, and most of the altcoins are also recording losses. Sentiment has swung quite drastically to the negative, as can be seen in the Fear and Greed Index, where only last week the index was registering ‘Greed’ (60), and this week the dial is at ‘Fear’ (40).

However, there are a few top-rated altcoins that are bucking the negative trend. Of course, some might point to other altcoins that have also made gains over the previous week, but if one looks at the more fundamentally stronger coins and tokens, $TON, $KAS, and $INJ are the stand-out performers for the last seven days.

$TON gains 271% since February

Source: TradingView

Toncoin ($TON) is a stand-out performer in fact since February of this year. A 271% rise since then has seen $TON make new all-time highs. The trend is up, and $TON has been respecting it. Currently the price is at the resistance at $7.73. If the price can get above here and consolidate, the next target would be the 1.618 fibonacci level, at $9.60. The 0.786 fibonacci looks to be a strong level of support should the price be rejected.

$KAS knocking at the top of the range

Source: TradingView

Kaspa ($KAS) has been in a range since November 2023, with the range high not being reached until February 19, 2024. Since that time, the price has been back to the bottom of the range, and is currently bumping against the top of the range again. If the price is rejected once again, the 0.786 and 0.618 fibonacci levels are support areas below.

A confirmed breakout from the range could see the $KAS price move up to the 1.618 fibonacci, for an upside target of $0.24. This would be a 33% move from the top of the range.

$INJ builds strong price structure

Source: TradingView

Injective Protocol ($INJ) is inside its own range, and this is a big one. From December 2023, $INJ rose to the top of the range and bumped up against $45 a few times before piercing it and climbing to $53. From there it fell back into the range and retested the bottom at $18. The price has recently come back to retest this again, and is currently trying to break resistance at $24. Getting above this would mean returning to the middle of the range, and all being well breaking into the top half of the range once more.

All this sideways price action might be causing some frustrations for $INJ holders, but this is some great price structure that is being built, and will be an incredibly strong base for when $INJ finally leaves this range behind. $75 would be the target for if and when $INJ breaks out of the range.

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

Remy St Felix, of West Palm Beach, has been convicted on charges including conspiracy, kidnapping, and other crimes of violence for leading a multi-state gang that stole hundreds of millions in cryptocurrency through home invasions.

The scale of the Crime

24-year-old Florida resident Remy St Felix has been convicted for masterminding an international conspiracy involving home invasions, violent kidnappings, and assaults to steal Bitcoin and other cryptocurrencies from U.S. citizens.

According to Chainalysis, $1.7 billion in crypto was stolen last year, primarily through remote hacking of wallets and exchanges. However, physical thefts involving direct confrontation are significantly underreported. St Felix’s case stands out due to the aggressive and violent nature of the crimes.

The Conspiracy and Charges

Between September 2022 and July 2023, St Felix led a robbery crew that specifically targeted cryptocurrency owners through violent home invasions across multiple states, including North Carolina, Florida, Texas, and New York. Court documents reveal that victims were kidnapped in their homes, assaulted, and coerced into draining their cryptocurrency accounts.

St Felix was found guilty on nine counts, including conspiracy, kidnapping, and using a firearm to further crimes of violence. He is set to be sentenced on September 11, facing a prison term ranging from seven years to life.

Details of the Operation

Prosecutors detailed that St Felix and his gang meticulously planned their attacks. They hacked into email accounts and conducted physical surveillance of their targets. They communicated using encrypted messaging platforms, aiming to obscure their activities. 

Once the stolen funds were obtained, they were laundered through anonymity-enhanced cryptocurrencies like Monero and instant exchanges such as Changelly, Shapeshift, and ChangeNOW, which do not require know-your-customer (KYC) procedures.

One such incident occurred in April 2023, when St Felix and a co-conspirator forcibly entered a victim’s home. The attackers zip-tied the victim, held them at gunpoint, and threatened further violence against the victim and their spouse. During this ordeal, over $150,000 in cryptocurrency was transferred from the victim’s account by the assailants.

Impact on Victims

U.S. Attorney Sandra J. Hairston for the Middle District of North Carolina commented on the severity of the crimes, stating, 

“The victims in this case suffered a horrible, painful experience that no citizen should have to endure. The defendant and his co-conspirators acted purely out of greed and callously terrorized those they targeted. The jury’s verdict in this case represents a vital step in securing justice for these victims.”

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

Web3-native advertising platform AdEx Network has announced a major platform revamp that integrates innovations around artificial intelligence and zero-knowledge-proof privacy protocols. The updated platform is designed to help Web3 companies better target more traditional audiences in the Web2 world. 

AdEx is an emerging rival to legacy online advertising giants such as Google and Facebook, offering a decentralized and programmatic ad platform with enhanced privacy and user control. By using cryptographic ZK-proofs for ad-matching, it ensures that all of the data it relies on for targeted advertising remains in control of the users who generated it. Users can choose if they want to share that data or not, and if they decide to do so, it will be obscured using ZK-proofs, meaning they can remain anonymous while seeing more relevant ads. 

The way it works is that the ad-matching process happens on the user’s device, where there data is stored. That information never leaves the device, and the advertisers can’t actually see it themselves, other than to know that the user is likely to be either receptive, or not receptive, to a specific ad. 

In other words, no advertiser can use AdEx to create an extensive database of internet users, unlike traditional ad giants do. 

But why would anyone agree to share their data in the first place? Well, the beauty of AdEx’s Web3 platform is that it’s willing to reward people for doing so. By agreeing to let advertisers use their web browsing data, they’ll earn cryptocurrency rewards. Users can select the kinds of ads they’re willing to see, so they won’t be spammed by stuff that doesn’t interest them. They can also grow their rewards by staking the token they receive, $ADX, to earn an additional passive income. 

AdEx’s new platform includes AI capabilities that helps to optimize ad targeting and budgeting for advertisers, provide insights and aid in campaign creation, and an AI-powered real-time bidding tool to help advertisers enhance their operational efficiency and stretch their ad budgets further. 

With today’s update, AdEx said it’s offering reduced ad campaign fees to advertisers, who will be charged just 4% when paying with the $ADX token, instead of the usual 7% fee. There’s also a deposit incentive, with advertisers who put more than $10,000 in their accounts receiving a 30% bonus, meaning they can increase their ad budget by almost one-third. 

The redesigned platform also integrates with “supply-side platforms” to expand available ad inventories, and there are expanded payment options, with advertisers also able to pay in $USDT, $USDC and $DAI stablecoins, as well as $ADX. 

In addition, AdEx’s platform is also launching on the Polygon network for the first time. Polygon is a blazing-fast “Layer-2” network that’s designed to scale the Ethereum blockchain, offering faster transaction processing times and much lower “gas” fees. 

The updated platform is all about enhancing value for advertisers to meet the evolving needs of the digital ad industry, AdEx said. 

AdEx was founded in 2017, when it launched a more traditional advertising platform, only to quickly pivot when it saw the potential of Web3. The company is the creator of the popular “smart” digital wallet, called Ambire Wallet, which leverages new capabilities in Ethereum to support easier user onboarding and digital asset management.

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

The Bitcoin (BTC) price had briefly climbed back above $61,000 before sellers managed to drag the asset down. The cryptocurrency has been down by over 2% in the past 24 hours and is currently trading under $60,950.

Bitcoin has been consolidating between a large price band between the $56,000 mark and the $73,500 mark. This indicates strong buying pressure near its support level and strong selling pressure near its resistance level.

Bears Trying To Sink Price

The past month has seen Bitcoin (BTC) shed 10% as sellers continue to target a critical support level and push the price below $60,000. Market watchers will be looking for a trigger to push BTC higher, with sellers looking to sink the price below $60,000. Bears have tried creating selling pressure on the back of the news that the German government is looking to sell their Bitcoin holdings. There is also the potential selling pressure that the Mt.Gox payout could create. However, buyers have been entering the market at lower levels closer to BTC’s support, defending this level and attempting to start a recovery.

Bitcoin’s recent weakness has spurred investors into action and begin accumulating again. Data shows around $31 billion in net inflows into spot Bitcoin ETFs after they recorded around $1.3 billion in outflows over the past couple of weeks.

Bitcoin (BTC) Price Analysis

The Bitcoin (BTC) price registered a sharp drop on Monday, falling to $60,330. The asset faced considerable selling pressure as sellers pushed the price as low as $58,474, shown by the long tail on the candlestick, indicating strong buying below $60,000.  However, buyers were able to prop the price back above $60,000. Analysts expect bulls to be quite active between $56,500 and $60,000. This is because if BTC falls below this level, we could see a slide down to $58,000, where the 200-day SMA could prop up the price. If this level is breached, BTC could drop to $55,000.

Source: TradingView

As seen in the price chart, BTC has strong support at $60,000. This support held on Monday, and BTC made a relatively strong recovery on Tuesday, rising by 2.52% and moving to $61,848. Buyers attempted to push BTC above $62,000, with the price reaching a day high of $62,458 before dropping to $62,458. Wednesday saw sellers back in control as BTC dipped below $61,000, dropping to $60,854 after a drop of 1.61%. The current session sees BTC up marginally as buyers and sellers look to assume control of the session. Looking at technical indicators, we can see the RSI is close to the oversold region, which could indicate a bullish reversal in the near future.

If BTC is able to recover, It will first target the $62,000 level. Should BTC surpass this level, we could see a climb to $65,000, which is a key resistance level. If Bitcoin is able to break and close above $65,000, we could see a rally to $70,000.

Ethereum (ETH) Price Analysis

Ethereum (ETH) has struggled to stay above its support level of $3,350 and could slide to its next significant support level at $3,000. ETH dropped by 2.16% on Sunday, slipping below the 50-day SMA and settling at $3,420. Monday saw selling pressure intensify, with ETH falling to $3,241. However, buyers entered the market at lower levels and pushed the price back above $3,300, with ETH eventually settling just above $3,350. Tuesday saw a marginal increase in ETH, which rose to $3,395, stopping just short of $ 3,400. However, sellers were back in control on Wednesday, with ETH registering a marginal drop to $3,369. The current session sees ETH at $3,383, with buyers and sellers struggling to control the session.

Source: TradingView

Moving ahead, ETH is facing considerable hurdles, with bears active above $3,400. This is why buyers are struggling to push ETH to the 20-day SMA at $3,500. If buyers can push ETH above this level, we should see an increase to $3,700. However, ETH must reclaim $3,400 for such a scenario to play out. Should sellers push ETH below $3,300, it could drop to $3,000. However, this level has strong support, and buyers are expected to defend it vigorously.

Solana (SOL) Price Analysis

Solana (SOL) has made a strong recovery since hitting a low of $122 on Monday. SOL faced considerable selling pressure in the previous week, ending in the red after dropping nearly 4% on Sunday to slip below the 200-day SMA and settle at $128.63. Monday began with selling pressure intensifying as bears pushed SOL down to $122, as indicated by the long tail on the candlestick. However, buyers could counter the selling pressure and push SOL back above $130 to $132. Despite the bullish sentiment, SOL was unable to move past the 200-day SMA on Monday.

Source: TradingView

Tuesday saw buyers retain control, and SOL was able to push above the 200-day SMA, rising to $136.59 after an increase of 3.22%. Wednesday saw considerable volatility as buyers pushed SOL to $140. However, sellers pushed the price back down, and SOL eventually settled back at $136. The current session is also witnessing a tug-of-war between buyers and sellers as each tries to take control of the session.

So, what does the future hold for SOL? The first major level of resistance SOL faces lies between $140 and $142. If SOL is unable to get past this level, we could see a drop back to $134, where the 200-day SMA could act as support. A drop to $130 can be expected if this level is breached. If sellers are able to push SOL below $130, the next level of support lies at $116. Buyers will be expected to defend this level, as any further drop could see SOL tumble to $100. However, if SOL is able to sustain its bullish sentiment, we could see the price surge towards $150.

Binance Coin (BNB) Price Analysis

Binance Coin (BNB) had dropped to a low of $551 on Monday, starting the week on a bearish note. However, sellers could not sustain the pressure, and BNB recovered to close at $568. The current week has seen some consolidation, with BNB rising by 1.78% on Tuesday to settle at $578. Wednesday saw buyers attempt to push BNB above $600. However, sellers defended this level and lowered the price to $572. The current session sees BNB down marginally, with buyers and sellers vying for control.

Source: TradingView

Any attempt by buyers to force a recovery from this level will face resistance at the $600 level, which is a strong level of resistance. If buyers are able to break above the 20 and 50-day SMAs, it could indicate waning bearish sentiment, and BNB could rally towards $650. A downturn from here could force the price back down to its support level of $560. If sellers are able to breach this level, BNB could drop below $500 and go as low as $471, where the 200-day SMA could prop up the price. Looking at the technical indicators, we can see that the AO (Awesome Indicator) has turned red, indicating considerable bearish momentum.

Polkadot (DOT) Price Analysis

Polkadot (DOT) has been facing considerable selling pressure and has lost nearly 23% over the past month. The cryptocurrency had been trading in a descending channel pattern and lost the crucial $6 level on June 18, leading to a significant liquidation event. However, DOT has seen a marginal reversal since losing this crucial level, with the price consolidating below $6. This marginal uptick and consolidation can be attributed to demand around the $5.5 mark. As we can see in the price chart, DOT is oscillating between the $5.50 support and resistance at $6.

Source: TradingView

If sellers continue to keep hold of the market, we could see DOT tumble towards $5.5 or even $5. However, should buyers enter the market at a level closer to $5.5, we could see DOT push back towards $6. While Polkadot has been on an extended downward trajectory, there are signs things may be about to change. There is an indication that investors are changing their outlook towards DOT, as evidenced by the Chaikin Money Flow (CMF), which turned positive after over a month. This indicates a significant surge in buying pressure, possibly because investors are showing a renewed interest in DOT.

However, if DOT is unable to break out of its descending pattern, it could drop toward $5, which could invalidate the bullish momentum.

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) had dropped below the crucial $0.12 level at the beginning of the week, falling to a low of $0.114. However, buyers were able to push the price back, with DOGE eventually settling at $0.118. Tuesday saw buyers control the market, pushing DOGE back above the crucial $0.12 level, ending the session at $0.126 after an increase of over 6%. With the 200-day SMA acting as resistance, DOGE was unable to go past this level, and sellers returned to the market on Wednesday, pushing the price down by just over 3%. The current session sees DOGE in the red as sellers look to push DOGE back below $0.12.

Source: TradingView

DOGE is hovering between its support level of $0.12 and the resistance at $0.13. For a sustained recovery, buyers will have to push DOGE past the 200-day SMA and $0.12. If they are able to do that, DOGE could see a rally towards $0.15. However, if sellers are able to push DOGE below $0.12, we could see a drop to $0.10.

Shiba Inu (SHIB) Price Analysis

Like DOGE, Shiba Inu (SHIB) has also spent most of the week in the red. There are several reasons behind SHIB’s relatively muted performances over the past few days besides just broader market trends, such as Binance’s announcement of the delisting of TUSD pairs for SHIB. Despite the dip in SHIB prices, it has retained strong support from its community, as indicated by the SHIB burn rate, which has remained in the green.

SHIB started the current week with a drop of 2.80%, pushing the price down to $0.000017. Buyers tried to spark a revival on Tuesday, pushing SHIB to $0.0000182. However, with strong resistance at $0.000019, SHIB was unable to move any higher, eventually dropping to $0.0000174. Bearish sentiment returned on Wednesday, as SHIB fell by 3.44% to $0.0000171. The current session sees SHIB down by 1.46%, currently trading below the $0.000017 mark at $0.0000168.

Source: TradingView

As we can see from the price chart, SHIB has support at $0.000016. If sellers can push the price below this level, SHIB could drop to $0.000015. Further bearish sentiment could push SHIB as low as $0.000010. For bullish momentum to return, SHIB must go above the 200-day SMA at $0.000019 and the 20-day SMA at $0.000020. A close above this level could see SHIB rally towards $0.000025.

Uniswap (UNI) Price Analysis

Uniswap (UNI) has steadily declined since hitting $11.97 on June 16. Rejection from this level saw a sharp drop of 11.53% on June 17 and a further drop of almost 8% on June 18. This drop took UNI below the 20-day SMA and a crucial support level at $10. The price saw a rebound over the next couple of days, allowing it to climb back above $10 and settle at $10.03 on June 20. However, bearish sentiment has returned since then, with UNI ending the weekend below $10.

Source: TradingView

The current week started with sellers attempting to push UNI below $9. UNI fell as low as $8.75 before buyers pushed the price back above $9. However, UNI still registered a drop of 4.65%, slipping below the 50-day SMA and settling at $9.32. Tuesday saw a slight uptick, with UNI registering an increase of 1.94%. However, buyers were unable to push UNI beyond the 50-day SMA, with the asset experiencing considerable selling pressure on Wednesday as sellers attempted to push UNI below $9 once again. However, buyers were able to push back, and UNI eventually settled at $9.39. The current session sees the price down by almost 2% as bears look to push UNI below $9 yet again. However, buyers have been aggressively defending this level.

So, where does UNI go from here? If sellers push the price below $9, we could see a drop to around $8.70-$8.80, where the 200-day SMA could act as support. Any further bearish momentum could see a drop to $8. However, if buyers manage to reverse the current trend, we could see UNI attempt to retake $9.50 and push above the 50-day SMA. If the price closes above this level, we could see buyers attempt to push UNI above $10 and the 20-day SMA.

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

Web3 gaming is booming this year as the industry rolls out development after development in hopes of becoming the leading project in the space. With games like Axie Infinity previously setting the standard for Web3 play-to-earn (P2E) models, it sets the bar very high for new projects. However, there is a new contender that has gripped the attention of investors and gamers alike — My Pet Hooligan.

Unlike Web3 games of the past, games like My Pet Hooligan are appearing with economic models for gaming that are AAA-quality, built with the latest tech, and sustainable long-term.

So, in the battle between Axie Infinity and My Pet Hooligan…who wins? Let’s find out.

Axie Infinity: Web3 Gaming’s Humble Beginnings

Axie Infinity is a blockchain-based game built and developed by Sky Mavis that blends crypto and traditional gaming into a P2E Web3 game. After its launch in 2018, the game rapidly saw global attention and became the cornerstone for the Web3 gaming space, appealing to both gamers and investors.

In 2024, Axie Infinity has continued to push the boundaries, introducing new mechanics to the game to stabilize the economy and new game features like battle systems and classes, but to no avail. The game still struggles to maintain a strong user base and suffers from economic imbalance.

Strengths

Axie Infinity brought the P2E concept to Web3 gaming, allowing players to earn real world value through gameplay — attractnig millions of users and generating substantial revenues. Paired with the game’s decentralized governance and active community, players directly contributed to Axie Infinity’s growth through development and governance involvement.

Weaknesses

Axie Infinity, despite it’s huge success, was hit with the same issue that continues to face many Web3 games trying to enter the space — sustainability. Axie Infinity struggled with inflation quickly and became reliant on a consistent inflow of players to keep its economic model sustainable. Unfortunately, due to simple gameplay, security issues like the hack of 2022, and drying up liquidity inflows, Axie Infinity began to fade out fast.

My Pet Hooligan: Sustainable Web3 Gaming

My Pet Hooligan was developed by AMGI Studios and is a social-action game currently available in early access on the Epic Games Store. The game combines social interaction, action, and user-generated content in a vibrant world that players can break free from limitations. Skateboard, graffiti, wreak havoc, or fight against evil overlord Metazuckbot…the opportunities are endless.

Using advanced artificial intelligence (AI) and bleeding-edge motion capture technology, My Pet Hooligan offers gamers and investors a new level of interaction and immersion never seen before. 

In 2024, My Pet Hooligan has become a rising star, launching with huge traction and garnering over 500,000 download just in its early access stage. Recently awared with ‘Best Action Game’ at the December 2023 GAM3 Awards, the game continues to shine amongst major Web2 and Web3 games on the Epic Games Store.

Strengths 

My Pet Hooligan offers players intense and engaging gameplay paired with top-tier graphics and an expansive open-world space to skate, vandalize, or cause mayhem. These features easily make the game equal to or better than AAA-quality games available today, appealing to both Web3 and traditional gamers.

The game is powered by AMGI Studios’ proprietary motion capture and AI technology, delivering real-time face-driven animation for the deepest immersive player experience. My Pet Hooligan is also partnered with industry leaders like Nvidia, Palantir, and Polygon paired with backing from legends like Coldplay and Tony Robbins.

With an active community of over 110,000 followers on social media and active Discord presence, My Pet Hooligan aims to build a sustainable economic model for Web3 gaming. By minimizing inflation risks and integrating the KARRAT Protocol to support the game’s economy, the game ensures long-term viability for players in one of the most innovative games in Web3.

If that wasn’t enough, the creative force of nature behind My Pet Hooligan is AMGI Studios; a team with unparalleled experience from companies like Disney Pixar, Riot Games, and Industrial Light & Magic.

Weaknesses

What weaknesses? Did you read the strengths?!

Gameplay

Axie Infinity’s gameplay involves the collecting, breeding, and battling of Axies in a turn-based combat system. The simplistic nature of the battle system makes it accessible and easy to understand for both newcomers and veterans but it quickly loses its flavor as activities become monotonous and lack real gameplay depth.

My Pet Hooligan provides players with an immersive experience in the open-world of Hooliland City where they can jump into fast-paced action and interact with other gamers in meaningful ways. Through the use of AI-driven non-playable characters (NPCs), players can enjoy a space built with real-time animation that establishes a living, and breathing world that reactions to player interactions.

Economy

Axie Infinity heavily relied on player inflow to sustain its in-game rewards and currency — an approach that crumbled rapidly when inflation soared and the player base fled the game. The reliance on new players highlighted the need for more sustainable Web3 game models if they wish to have long-term viability.

My Pet Hooligan offers a balanced and sustainable economic model, integrating KARRAT Protocol to add a decentralized gaming infrastructure layer to support the games economy and long-term ecosystem growth. 

Community

Axie Infinity rapidly built a passionate and trusting community that helped the game thrive initially and, with decentalized governance, players could determine development decisions. However, as economic challenges worsened and security issues appeared, community members soon lost faith in the game.

My Pet Hooligan’s focus on social interaction, community events, and user-generated content helped launch early access with a dedicated following across social media and Discord. With AMGI Studios’ transparency and commitment to community involvement in gameplay development, the trust only continues to build.

Technology

Axie Infinity soared initially build on the innovation of blockchain integration to create true ownership for players of their in-game assets. Unfortunately, as one of the first to enter the Web3 gaming space, the game’s technological advancements were limited and bottlenecked.

My Pet Hooligan’s use of AI and motion capture technology make it stand out immediately. By combining AMGI Studios’ expert industrial knowledge, real-time face-driven animation, and AI-powered NPCs — it’s safe to say, its an immersive experience like no other.

Who wins?

Axie Infinity, while hugely successful at first, fell foul of security and economical hurdles but still laid the foundations of today for Web3 gaming potential. 

In modern Web3 gaming, My Pet Hooligan is leading the way for the gaming industry — learning from the mistakes of the past while building towards the technology of the future.

My Pet Hooligan is the clear winner.

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

This week, a significant market drop saw Bitcoin ($BTC) drop to $58,400, proving that no crypto sector is immune to negative market sentiment. $DOGE, $SHIB, $PEPE, $WIF, and $FLOKI, the top 5 memecoin by market cap, are all down around 5% in the past day.

 A widespread market downturn affected all crypto sectors, including the burgeoning memecoin industry. Bitcoin ($BTC) touched a recent low of $58,400 on Monday, June 25, but recovered slightly and now trades at $60,720.

Let’s look at the performance of the top five memecoins by market cap. 

Dogecoin ($DOGE) Backed by Strong Community

Dogecoin ($DOGE), the top memecoin by market cap according to CoinMarketCap, showed its resilience in the recent market dip. The coin, which started as a joke, has become a household name in the crypto industry thanks to a strong community. $DOGE displayed remarkable growth as it transitioned to a legitimate investment opportunity with great utility.

Amid the current uncertainty, $DOGE strengthened after recovering 5% from its critical support level of $0.1183. earlier price today. Despite a 4% drop over the 24-hour price chart, $DOGE currently trades at $0.1226. 

Shiba Inu ($SHIB) Burn Could Keep the Price Stable

Shiba Inu ($SHIB) appeared geared for a joyous day, with a 3% price surge early on Wednesday. Data from TradingView revealed that $SHIB rose from its opening price of $0.00001774 to $0.00001806, sparking talks of a potential price rally. $SHIB has, however, dropped from its early uptick, currently trading at $0.0001731, down 4.40% over the past 24 hours.

Users speculate that a recent SHIB burn announcement may have led to its early rally. According to Shibburn, Shiba Inu burned over 11 million SHIB the past day. 

PEPE ($PEPE) Continues Bullish Trend

Of the top five memecoins, Pepe is the only one that has gained in price in the past week. According to CoinMarketCap, $PEPE is trading up 6.35% over the past seven days, continuing its bullish uptrend. While Pepe is down 25% over the past month, its upward momentum indicates it would be a good investment opportunity.

At the time of writing, $PEPE was traded at $0.00001247. 

Crypto Whale Spends $4.65 Million on Dogwifhat ($WIF)

Dogwifhat ($WIF) suffered a great knock in the current market spiral, taking a severe tumble from its recent $4 high. $WIF dropped below $1.5, a price not seen since March 2024, but has since recovered, suggesting it may have neared the end of its sell-off. $WIF trades at $1.98, down 33.19% over the past month.

$WIF has entered a buying phase with whales acquiring large stakes. 

Solana-Based Floki ($FLOKI) Shines Amid Market Downturn

Solana-based memecoins have rallied in the recent bull run, providing investors with substantial returns. While not immune to market contagion, coins such as $FLOKI held firm compared to other projects, gaining 12.08% earlier in the week. $FLOKI trades at $0.000167, down 4.78% over the 24-hour charts. 

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

Two former Hydrogen executives have been jailed for fraud and securities manipulation relating to $HYDRO. The sentence marks the first time a jury in a federal criminal trial found a cryptocurrency was a security. 

Shane Hampton and Michael Kane, two former executives of Hydrogen Technology, were sentenced to jail for securities manipulation. The executives were convicted for scheming to defraud investors by manipulating the price of the $HYDRO token. 

Crypto Recognized as a Security for the First Time in the US

Today marks the first instance where a cryptocurrency was found to be a security in a US federal trial, setting a new legal precedent for upcoming related matters. Shane Hampton, head of financial engineering, and Michael Kane, CEO of Hydrogen Technology, have been sentenced to a two-year and eleven-month and three-year and nine-month stint respectively in jail for fraud and securities manipulation.

According to the US Department of Justice, the jury in a federal criminal trial found that a crypto was a security and manipulating crypto prices was securities fraud.

In its statement, the DOJ explained:

“Shane Hampton, Michael Kane, and their co-conspirators defrauded investors by using a trading bot to manipulate the price of their company’s cryptocurrency.”

Court documents and evidence presented at trial revealed the duo appointed an outside firm to assist them in conducting the fraud. According to the DOJ, a South African firm, Moonwalkers Trading Limited, was enlisted to manipulate the price of $HYDRO on a crypto exchange headquartered in the US by using an automated trading bot. The bot flooded the market from October 2018 to April 2019 with fake and fraudulent orders. Evidence also revealed that Kane, Hampton and co-conspirators executed around $7 million in “wash trades” and placed over $300 million in “spoof trades” for $HYDRO using the bot.  

The DOJ said the “trades were designed to, and did, fraudulent induce retail investors to purchase HYDRO.” Through manipulation and the artificially inflated prices stemming from there, Hampton, Kane and their fellow conspirators made around $2 million in profits from selling $HYDRO. 

DOJ Says it Will Protect Integrity of the Crypto Market

Today’s sentence sets a new precedent in cases that question whether a crypto is a security. In its statement, the DOJ warned perpetrators, vowing it would use securities law to protect the integrity of the crypto market.

Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the DOJ’s Criminal Division, said:

“This prosecution and the sentences imposed today should serve as a warning:  The Criminal Division will not hesitate to use all tools at its disposal—including the federal securities laws—to protect the integrity of cryptocurrency markets.” 

In a significant win for the crypto industry this week, the US Securities and Exchange Commission said it would drop its investigation into whether Ether ($ETH) is a security. The industry has had a tough time proving cryptocurrencies are not securities. In lawsuits against Binance and Coinbase last year, the SEC named several cryptocurrencies as securities, leading to numerous exchanges delisting them. 

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

The hype surrounding the new meme coin Sealana has reached a fever pitch after details regarding its highly-anticipated IEO were released. 

SEAL will go live on Solana DEXs on July 2nd at 1 PM UTC. Immediately after the IEO, the Sealana airdrop will commence and presale buyers will receive their SEAL tokens in the subsequent hours. 

The #Presale has ended! 🚨 The #Airdrop will commence on Tuesday, July 2nd at 1 PM UTC! 🕙🦭Don't worry you can still buy $SEAL before the airdrop begins! 🚀💸 #Sealana is more excited than a fat guy at McDonalds to whale $SEAL into your wallets! 💰 More info comin’ soon! 🔥 pic.twitter.com/9Mafi9u060

— Sealana (@Sealana_Token) June 25, 2024

In unexpected good news for investors, buyers will still be able to buy SEAL at its discounted price before the airdrop starts. 

This move by the project’s developer team could be attributed to the significant hype and pent-up demand for Sealana. Everyone from YouTube trading experts and influencers to notable crypto publications has covered this new meme coin over the past few weeks. 

A few smart money traders have even hinted at the possibility of SEAL being the next 100x meme coin. 

What Is Sealana?

Sealana is a new seal-themed meme coin that earned widespread popularity during its presale, raising over $6 million. While the presale has now concluded, the demand for the meme coin only continues to rise. 

After all, Solana meme coins remain in high demand, owing to their low trading fees and high upside. With experts projecting SOL to skyrocket in the coming weeks, its meme coins could also deliver outsized returns. 

Sealana caught the attention of smart money traders owing to its eccentric and comical mascot, who was initially introduced as a typical crypto degen. This slightly overweight seal apparently “abandoned the gorgeous figure of his youth” and is only interested in finding the next big Solana meme coin. 

However, Sealana’s theatrics soon expanded beyond the world of crypto trading. He soon started sneaking into Area 51, smoking “green herbal joints” with Joe Rogan and heckling Connor McGregor. In his latest X post, the beloved seal was seen hitting the gym with Arnold Schwarzenegger.

🦭#Presale ends today at 6 PM UTC! 💸🏎️🇺🇸Are you ready to make some serious gains 💪 like #Sealana has been doing at the gym with @Schwarzenegger! 🏋️‍♂️🚨 It is YOUR LAST CHANCE to send some $SOL 💰 and wait till he whales 🦭 $SEAL into your wallet! 📈🔥⏰ pic.twitter.com/2aByvUB4m8

— Sealana (@Sealana_Token) June 25, 2024

Thanks to his hilarious past-time activities, Sealana has garnered a significant social media following, boasting nearly 13k and 22k followers on his X and Telegram accounts, respectively. 

It has also received backing from deep-pocketed investors, who know better than to dismiss the upside potential of a meme coin that can make them laugh. 

Spot Ethereum ETFs and Sealana To Go Live On The Same Day

Bloomberg ETF analyst Eric Blachunas remains firm that the spot Ethereum ETFs will go live on July 2nd, especially after Van Eck’s recent 8-A filing.

VanEck just filed 8-A form for spot Eth, which is just part of process, but.. should be noted that they filed their 8-A for spot bitcoin exactly 7 days before launch. Good sign for our July 2nd over/under (7 days from now). But again, anything poss. Sure we'll hear more soon.. https://t.co/2BlkDnWhrz

— Eric Balchunas (@EricBalchunas) June 25, 2024

Interestingly, the Sealana IEO is scheduled for the same day at 1 PM UTC. 

Sealana is not an Ethereum-based meme coin. However, experts believe that the spot Ethereum ETFs have the potential to kickstart the altcoin bull rally, which would provide the ideal backdrop for new meme coins like Sealana. 

Furthermore, analysts are expecting euphoria and significant volatility on the day of the ETF launch. In such a scenario, a new meme coin such as SEAL could catch the eye of whales and see significant growth. 

As such, YouTube trading experts such as Cilinix Crypto believe that SEAL could 10x in the subsequent days after its launch, while others call it the next 100x meme coin.

How To Buy This Potential 100x Meme Coin Before IEO?

Investors should not dismiss the massive benefits of investing in a meme coin early. Several small-scale investors have turned into millionaires by an early bet on a new meme coin. 

If Sealana is indeed the next 100x meme coin as many analysts are claiming, early buyers would reap the most profits. 

SEAL is still available for prospective buyers at its presale rate of $0.022. Those interested can head to the Sealana website and use the over-the-counter widget to purchase the meme coin. They can swap any of SOL, ETH, BNB or USDT in exchange for SEAL. 

Alternatively, investors can simply send SOL tokens to the Sealana wallet. The wallet address is 3LeVizuW3YoCnjfMfuQ22rSFQLDLdo9jXLKjyqfBU3w5. 

Visit Sealana Website

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

As we look through the year, the crypto market bursts with innovation and opportunity, showcasing several digital currencies that have risen to prominence. Among these, a few stand out for their unique contributions and emerging as the top crypto performers of 2024. 

Leading the charge with significant advancements and robust market presence is BlockDAG (BDAG), which sets new benchmarks in blockchain technology. Here, we explore the top cryptocurrencies of the year, emphasizing why BlockDAG is a frontrunner for investors seeking impactful crypto investments.

Top Crypto Performers of the Year

BlockDAG (BDAG) – A trailblazer in blockchain technology with its innovative BlockDAG architecture that drastically enhances scalability and transaction speed.

Toncoin (TON) – Spearheaded by the founders of Telegram, this coin integrates seamlessly with the messaging app to facilitate quick and secure transactions.

Cardano (ADA) – Known for its commitment to sustainability, ADA operates on a proof-of-stake blockchain, prioritizing eco-friendly transactions and scalability.

Dogecoin (DOGE) – What began as a meme has evolved into a major cryptocurrency backed by a strong community and high-profile endorsements.

Injective (INJ) – A leader in decentralized finance, offering a fully decentralized exchange that supports new financial markets and derivatives without gas fees.

1. BlockDAG (BDAG): The Vanguard of Blockchain Technology

BlockDAG stands out as a revolutionary force in the blockchain space, distinguished by its unique architecture and robust ecosystem. Designed to enhance scalability and speed, BDAG achieves a transaction capacity of up to 15,000 transactions per second, thanks to its DAG protocol. This not only ensures almost instantaneous transaction confirmations but also supports a growing range of decentralized applications (dApps) across various sectors such as finance, logistics, and digital identity. 

Currently, in its presale phase with over $53.7 million raised, BlockDAG has emerged as the top crypto performer of 2024, predicting a future valuation surge—analysts estimate its value could reach $30 by 2030. 

The innovative low-code/no-code platform further simplifies the creation of smart contracts, making it accessible to a broader audience and potentially leading to a 30,000x ROI from its initial offering.

2. Toncoin (TON): The New Age of Transaction Speed

Toncoin has quickly made a name for itself with its ultra-fast transaction speeds and highly scalable network. As a project developed by the Durov brothers, known for founding Telegram, TON focuses on integrating blockchain technology with the popular messaging app, aiming to facilitate secure and speedy transactions for millions of users worldwide. This integration promises to expand blockchain's reach and usability, making Toncoin a key player in the crypto market.

3. Cardano (ADA): Championing Eco-friendly Crypto Solutions

Cardano continues to impress with its commitment to sustainability and its proof-of-stake blockchain protocol. ADA has been particularly noted for its rigorous peer-reviewed research foundation, which ensures that its infrastructure is both scalable and environmentally sustainable. With several upgrades planned to enhance its network capabilities, Cardano remains a favorite for eco-conscious investors and those interested in long-term viability.

4. Dogecoin (DOGE): The Power of Community

Originally started as a meme, Dogecoin has risen to prominence thanks to a vibrant and supportive community, as well as high-profile endorsements from figures like Elon Musk. DOGE has seen substantial growth as it transitions from a joke to a legitimate investment, driven by its increased adoption across various platforms and continuous improvement of its transaction capabilities.

5. Injective (INJ): Pioneering Decentralized Finance

Injective Protocol has carved out a niche in the decentralized finance (DeFi) sector by offering a fully decentralized exchange (DEX) that is both fast and free of gas fees. INJ has become synonymous with innovation, particularly through its support for the creation of new financial markets and derivative products without the need for a central authority, positioning it at the forefront of DeFi's evolution.

What are the Top Crypto Performers of 2024?

The top crypto performers of 2024 are BlockDAG, Toncoin, Cardano, Dogecoin, and Injective. BlockDAG leads with its 30,000x ROI, low code/no code feature, and top-selling presale. 

 

BlockDAG Dominates as the Top Crypto Performer

While Toncoin, Cardano, Dogecoin, and Injective each bring unique advancements and contributions to the crypto landscape, BlockDAG distinctly leads as the top performer this year. Its innovative approach to blockchain technology, coupled with its broad appeal through easy-to-use smart contract platforms, sets a new benchmark in the field. 

As the crypto market continues to grow, BlockDAG remains the prime choice for investors looking to capitalize on high returns and groundbreaking technology. Engaging now with BDAG offers not just a slice of the future of finance but a pioneering stance in an increasingly digital world.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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

 

DeFi protocols have been setting the crypto space ablaze, with their total value locked skyrocketing past $100 billion. This explosive growth has been propelled by the allure of financial innovation, the tantalizing prospect of massive gains, and the ever-deepening integration with major blockchain ecosystems like Cosmos. As adoption and investment into these emerging DeFi protocols goes stratospheric, trailblazers like Elys Network are spearheading the charge.

Elys Network is unquestionably one of the most thrilling and ambitious projects tackling the insatiable demand for DeFi. They're unleashing an innovative layer-1 blockchain platform jam-packed with features like a non-custodial AMM-style DEX, perpetual trading capabilities, and game-changing liquidity and staking solutions. These cutting-edge offerings empower both crypto veterans and DeFi devs to tap into a comprehensive suite of financial artillery.

We sat down with Mitchell MishiNura, the founder of Elys Network to dissect how their platform benefits crypto users and DeFi developers, as well as the groundbreaking changes they're igniting across the decentralized finance landscape.

1. What is the core mission of Elys Network, and how does it aim to achieve this mission?

Elys Network is a high-performance decentralized exchange (DEX) platform designed to cater to both new and experienced crypto users. It simplifies the crypto trading experience with intuitive user interface (UI) and user experience (UX), providing a seamless trading environment comparable to centralized exchanges (CEX). For beginners, Elys Network offers easy onboarding through account abstraction and on-off ramping capabilities, allowing quick access to trading and earning. Experienced traders benefit from advanced tools and strategies within a feature-rich, user-friendly platform.

As a Layer-1 blockchain, Elys Network connects seamlessly with various ecosystems like Bitcoin, Ethereum and Ethereum L2s as well as Solana. Its integration with Cosmos SDK chains ensures cross-chain interoperability, providing access to a broad spectrum of trading opportunities. Elys Network's mission is to deliver an efficient and comprehensive trading experience for all crypto users, emphasizing user experience, advanced trading features, and extensive cross-chain functionality.

2. Can you explain the key features and components of Elys Network, such as the layer-1 blockchain, decentralized exchange, and perpetual trading capabilities?

Elys Network addresses the fragmented DeFi landscape by offering a unified platform where users can access features like AMMs, perpetual exchanges, leverage LP, all in one place. It caters to both beginners and experts, streamlining the decentralized finance experience.

Elys has developed a Layer 1 blockchain optimized for trading, supporting all platform products and ensuring efficient user experience. The network's revenue model shares earnings among stakers and liquidity providers, enhancing each feature's utility and maximizing overall community returns.

By interconnecting its diverse features, Elys Network generates higher yields for users, distributing revenue in stablecoins to mitigate volatility. While holding the Elys token is optional, it maximizes yield opportunities. Elys Network aims to provide a comprehensive, user-friendly DeFi platform, offering seamless integration of various tools and unique value in the DeFi space.

3. How does Elys Network's open-sourced and decentralized architecture promote transparency, collaboration, and community-driven development?

Elys Network's open-sourced and decentralized architecture is designed to promote transparency, collaboration, and community-driven development. At the core of this approach is the use of a proof-of-stake chain built with the cosmos SDK, which fosters decentralization and empowers the community to shape the network's direction.

Every update and decision made by Elys Network will be voted on by stakeholders, ensuring that the community has a direct say in the platform's future. This commitment to decentralization is complemented by a strong emphasis on transparency and regulatory compliance. Elys Network prides itself on being among the most transparent projects implementing necessary measures to adhere to regulations.

The centrality of the community is a defining aspect of Elys Network's identity. The diverse community plays a significant role in shaping the future of the platform and actively guides newcomers in the ecosystem. Many users have joined thanks to the simplicity provided by the platform's wallet abstraction, and they are eager to delve deeper into the ecosystem created by Elys Network.

Elys Network actively collaborates with notable projects like Babylon, Lorenzo and Stride, continuously expanding its partnerships across various ecosystems to enhance its offerings and integrate more seamlessly with the broader DeFi landscape. This strategy ensures that Elys Network remains at the forefront of innovation, providing users with a robust, interconnected platform that maximizes their DeFi experience while maintaining transparency, decentralization, and community-driven development.

4. What are the benefits of Elys Network's non-custodial Automated Market Maker (AMM) style decentralized exchange (DEX) for crypto users and DeFi developers?

Elys Network's non-custodial Automated Market Maker (AMM) decentralized exchange (DEX) offers advanced features tailored for both crypto users and DeFi developers. Beyond a basic AMM, the DEX includes sophisticated tools to enhance trading efficiency and address common issues like impermanent loss (IL).

A standout feature is the Dynamic Weight Oracle Pools, which adapt weights based on buy and sell demand, minimizing IL compared to traditional fixed-weight pools. These pools also use vaults and adaptable fees to maintain balanced ratios and incentivize traders, simplifying the arbitrage process.

Another innovation is the Multi-Asset Pools, which support up to 8 assets and work like ETFs, allowing users to create diversified asset baskets with variable exposure. This provides a customizable investment approach, dense liquidity for the DEX, and stable USDC revenue for those seeking diversified exposure.

Elys Network's DEX facilitates trading with sophisticated tools for liquidity management and revenue generation, catering to diverse needs. Advanced features like Dynamic Weight Oracle Pools and Multi-Asset Pools empower users and developers with efficient trading, customizable investments, and revenue opportunities.

5. How does Elys Network's integration with the Cosmos ecosystem and leveraging of technologies like account abstraction and cross-chain interoperability enhance its capabilities?

Elys Network’s integration with the Cosmos ecosystem significantly enhances its decentralized exchange (DEX) capabilities by providing access to a wide range of projects and tools.   Key integrations such as Lorenzo and Babylon enable native Bitcoin (BTC) integration and BTC liquid staking, crucial for robust DEX functionality.

Picasso offers Liquid Staking Tokens (LST) for Solana ecosystem tokens, facilitating seamless transfers between Solana and Cosmos through the secure Inter-Blockchain Communication (IBC) protocol.  Additionally, Axelar’s integration supports cross-chain communication and asset transfers within the Ethereum Virtual Machine (EVM) ecosystem, allowing Elys Network to connect with EVM-based networks.  

The integration with Noble ensures access to native USDC, enhancing stablecoin liquidity and simplifying cross-chain transactions.   Beyond these integrations, the Cosmos ecosystem provides broader benefits such as Stride's liquid staking for tokens across the ecosystem, improving staking options and liquidity management. Particle Network's universal wallet and chain abstraction capabilities further streamline user experience and cross-chain interactions.  

By leveraging the Cosmos ecosystem, Elys Network not only taps into Cosmos but also gains pathways to multiple blockchain ecosystems, creating a comprehensive and efficient DeFi platform. This interconnected approach is essential for providing a unified and versatile trading experience on the DEX.

6. In what ways does Elys Network prioritize accessibility, security, and scalability, and why are these factors crucial for widespread adoption of DeFi?

Elys Network prioritizes accessibility, security, and scalability to drive widespread DeFi adoption. Leveraging the Cosmos ecosystem's proof-of-stake (PoS) model ensures robust security and flexibility through the customizable Cosmos SDK. This enables Elys to optimize its blockchain specifically for trading, addressing performance and scalability challenges.

A key feature is Interchain Security (ICS) V2, which secures Elys Network by utilizing part of the Cosmos Hub's validators and the market cap of ATOM, reducing incentive costs while maintaining high security. This innovative approach offers economic sustainability and lower security costs for projects.

Elys Network enhances accessibility by integrating account and chain abstraction, combined with a user interface similar to centralized exchanges (CEXs). This design simplifies user interaction, making the platform intuitive for all users and allowing seamless asset management and trading across different blockchains like Bitcoin / Solana / EVM chains without needing to understand their complexities.

These strategies underscore Elys Network's commitment to creating a user-friendly, secure, and scalable DeFi platform, bridging traditional and decentralized finance by harnessing the strengths of the Cosmos ecosystem while optimizing for trading needs.

7. Can you elaborate on Elys Network's innovative liquidity and staking solutions, and how they benefit the platform's ecosystem?

Staking is central to Elys Network's Layer 1 blockchain, offering various innovative staking solutions to enhance user engagement and reward mechanisms. The platform provides multiple staking options to cater to different user preferences and incentivize participation across activities.

A notable feature is USDC staking, where users stake their USDC, making it available to leverage liquidity providers (LPs). USDC stakers earn yield from fees charged to LPs, thus contributing to the platform's liquidity and earning rewards.

Elys Network also includes an ELYS staking mechanism, where stakers receive a portion of the platform's daily revenue in stablecoins and additional incentives in EDEN, a reward token convertible to ELYS. This encourages ELYS holders to actively engage with and support the ecosystem.

The revenue distribution model is designed to reward various activities: liquidity providers earn a share of DEX revenue in USDC, USDC stakers gain interest from lending fees, and both ELYS and EDEN stakers receive a portion of DEX revenue in USDC.

By offering diverse and attractive staking options along with a robust revenue distribution model, Elys Network aims to build an engaging and rewarding ecosystem. This supports the platform's health, growth, and fosters a thriving decentralized finance (DeFi) environment.

8. How does Elys Network aim to bridge the gap between traditional finance and DeFi, fostering financial sovereignty for all?

Elys Network's ultimate goal is to bridge the gap between traditional finance and DeFi, fostering financial sovereignty for all. The platform's features empower users with complete freedom to make their own choices, without the restrictions of traditional finance, as long as the blockchain is running.

Respecting privacy, Elys Network does not require KYC from users, although some products may be geo-blocked to comply with regulations. The aim is to provide simple and complex solutions for all types of users, with easy on-boarding.

Compared to the typical 2% return offered by banks, Elys Network enables users to put their USDC to work for a much higher potential return, with the freedom to withdraw and deposit as desired, in just two clicks. These returns are based on the usage of the platform's features and increase with more users, distributed automatically on-chain, allowing users to collect earnings daily.

Elys Network believes this represents the evolution of decentralized finance: simple, effective, and universally accessible products that foster financial sovereignty for all.

9. What role does community-driven development play in ensuring a self-sustaining ecosystem for Elys Network?

Community-driven development plays a crucial role in ensuring a self-sustaining ecosystem for Elys Network.

We have already incorporated a significant amount of feedback from our users into recent updates. Every day, we gather feedback, evaluate it, and integrate valuable suggestions into our features. Listening to the community is key to delivering a product that meets user needs. This quality-driven approach is often overlooked in the web3 ecosystem, where user-friendly interfaces can sometimes be lacking. By prioritizing community input, we ensure that our platform is not only functional but also accessible and intuitive for everyone.

Regarding the potential groundbreaking changes Elys Network could bring to the decentralized finance ecosystem, one of our primary goals is ensuring accessibility for everyone, everywhere, to our DEX. We aim to defragment Web3, making it effortless and fast to trade tokens from various ecosystems, including Solana, Bitcoin, and any EVM chains. Elys Network is your gateway to a truly seamless and integrated DeFi world.

Our mission is to provide a unified platform that simplifies and streamlines the DeFi experience, regardless of the underlying blockchain technology. By bridging different ecosystems and offering a user-friendly interface, we aim to revolutionize the way users interact with decentralized finance.

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

The SEC Chair Gary Gensler announced that the approval process for Spot Ethereum ETFs is progressing smoothly, with anticipated launch dates in July following a structured regulatory approach and recent legislative clarity.

SEC Chair Talks ETH ETF Approval

The U.S. Securities and Exchange Commission (SEC) is progressing smoothly with the approval process for the Spot Ethereum ETF, according to SEC Chair Gary Gensler. This development comes after the SEC announced the approval of eight spot Ether ETFs in late May. Speaking at the Bloomberg Invest Summit, Gensler stated that although the approval process is advancing well, the exact timing for the product launch remains uncertain.

Progress and Expectations

Gensler's recent comments align with those he made earlier this month during a Senate Appropriations Subcommittee hearing on Financial Services. He confirmed that individual issuers are diligently working through the registration process, which involves filing S-1 forms. These filings must be approved before the ETFs can begin trading. Gensler indicated that the process should be completed over the summer, emphasizing that disclosure and registration are the final steps.

Approval Background

The SEC approved the eight spot Ether ETFs on May 23, citing consistency with the Exchange Act and relevant regulations. This decision followed the approval of the first Bitcoin ETFs in January, where the SEC greenlit 19b-4 applications from several asset managers, including Fidelity, BlackRock, Bitwise, Grayscale, Franklin Templeton, VanEck, Ark, and Invesco Galaxy.

The approval process for Ether ETFs involves a meticulous two-step approach. First, the SEC must approve the 19b-4 filings, followed by a review and approval of the individual S-1 registration applications for each of the eight funds.

Regulatory and Legal Considerations

There is ongoing debate about whether the SEC's decision was politically or legally motivated. Some analysts suggest that legal considerations played a more significant role, aiming to prevent potential legal conflicts. The passing of the Financial Innovation and Technology for the 21st Century Act (FIT21) by the US House of Representatives on May 22, which seeks to provide regulatory clarity for cryptocurrencies, may have influenced the SEC's decision.

Additionally, the approval of spot Ether ETFs could be seen as a move to align with similar regulatory frameworks already in place for Bitcoin ETFs and Ether futures products on the Chicago Mercantile Exchange.

Market Implications

The Ethereum ETFs aim to replicate the success seen by Bitcoin ETFs, which reached an all-time high price of $73,000 just three months after their launch. While the exact launch date for these ETFs remains unknown, the current trajectory suggests a possible rollout by mid-summer, pending the completion of the necessary registration steps. This development would be a significant step towards integrating crypto-based financial products into mainstream markets.

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

Crypto staking is a low-risk investment method that allows users to earn crypto rewards by locking up their crypto funds. It provides a seamless and profitable staking experience, offering daily rewards, capital returns, and significant referral rewards.

Crypto staking is a popular investment strategy with the rise of digital currencies and growing interest in decentralized finance (DeFi). In this post, we will talk about Solana staking and how CryptoHeap provides comprehensive staking services as the world’s best platform to choose and trust for your investment.

Let's Explore Cryptoheap's platform, providing users with innovative solutions and a competitive annual percentage yield.

What is Solana Staking & How it Works

Solana staking is where Solana (SOL) holders can earn rewards by participating in the network's consensus mechanism, Proof of Stake (PoS). By staking your SOL you are delegating your tokens to a validator who will verify and add new transactions to the blockchain.

In return, you get more SOL as a reward. This helps secure the Solana network's efficiency and provides a passive income stream for stakers. Validators are chosen based on the amount of SOL delegated to them and the rewards earned depend on the total amount staked and the validators performance.

Solana staking is open to anyone with SOL and platforms like CryptoHeap make it easy for you to stake your tokens, choose a validator, and start earning rewards.

Is Solana staking safe?

Solana staking is generally safe, but there is risk like any investment or financial activity. The Solana network uses a Proof of Stake (PoS) consensus mechanism which is designed to be secure and fast. By staking you help secure the network against attacks and keep it running smoothly.

To be safe use secure and good platforms to stake your SOL tokens. Platforms like CryptoHeap have security measures in place to protect your assets. But always be careful to do your own research and use advanced analytics tools to make informed decisions.

To minimize risk consider staking your tokens across multiple validators instead of all with one validator. Research validators before delegating your tokens by looking at their performance history, uptime, commission rates, and reputation in the community. Stay informed about changes in the Solana network, staking mechanisms, and validator performance to make informed decisions about your staking.

Crypto Staking Platforms for Solana

CryptoHeap is the best Solana staking platform with many features to get the best user experience and returns. CryptoHeap offers comprehensive staking services and exclusive staking packages to maximize returns, making it a top choice for cryptocurrency staking services.

Easy to Use: CryptoHeap has a simple and easy-to-use interface for both newbies and experienced investors. It simplifies the staking process, you can create an account, deposit SOL tokens, choose a validator, and start staking in just a few clicks.

Good Validators: CryptoHeap works with top validators known for their performance and reliability. By offering a curated list of good validators, we ensure you can delegate your tokens to trusted entities maximize your staking rewards, and minimize the risks of validator performance.

High Rewards: One of the benefits of using CryptoHeap for Solana staking is the high rewards. The platform is designed to help you earn the most possible returns on your staked SOL tokens. Users can get passive income through various staking packages.

Security and Transparency: Security is our top priority at CryptoHeap. We use advanced security measures to protect your assets and personal data. Combining staking strategies with advanced trading features can enhance your earnings while ensuring robust security and regular interest payments.

Support: CryptoHeap has great support. We have responsive and knowledgeable support to help you with any questions or issues you may have during staking. Whether you’re new to staking or a seasoned investor, we got you covered.

How to get Started:

Register and set up your account:

Go to the CryptoHeap.com website and register.

Verify your account.

Deposit your SOL into your CryptoHeap wallet.

Step-by-Step Guide to Staking Solana:

Go to the staking section on CryptoHeap.

Select Solana.

Enter the amount and confirm.

Watch your staking rewards.

Earn Staking Rewards:

CryptoHeap calculates your returns based on the amount staked and time.

Get paid regularly and reinvest to compound or withdraw for instant use.

Make money online with Solana staking on CryptoHeap.

Extra Bonus

$100 Bonus: New users get $100

Refer & Earn: 3.5% of friends deposited amount.

Future of Crypto Staking and Solana

Crypto staking is expected to continue growing, with more users seeking investment goals.

The future of crypto staking especially with Solana looks bright with CryptoHeap leading the way. As the world's number one staking platform, CryptoHeap is going to change the way investors earn passive income through secure and fast staking.

With Solana’s strong network and CryptoHeap’s user-friendly interface, high-quality validators, and competitive rewards the platform will attract more and more investors.

With enhanced security and transparency CryptoHeap will continue to be the trusted and innovative leader in the crypto staking space and the go-to place to maximize returns on Solana.

Conclusion

CryptoHeap is changing the face of crypto staking, especially with Solana by providing a secure, easy, and highly profitable platform for investors. The future of crypto staking is bright and CryptoHeap is leading the way with its features, rewards, and performance.

By using Solana’s network and CryptoHeap’s top validators investors can earn more and stake seamlessly. With sign-up and referral bonuses CryptoHeap is the go-to platform for anyone looking to invest in Solana and stake in crypto.

Explore various staking strategies to maximize your rewards and take advantage of exclusive staking packages. Feel confident and stake with CryptoHeap.com today and unlock your Solana earnings while enjoying a seamless staking experience!

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

Substrate is a toolbox that allows the creation of special types of blockchains. While not a blockchain, it gives developers the power to create unique blockchains. 

All Substrate-based chains are compatible with Polkadot, allowing access to a rich and interoperable ecosystem of parachains, applications, and resources. 

What Is Substrate?

Substrate allows developers to create their own blockchain, enabling them to incorporate specific required features without tying them down to existing designs. Substrate uses FRAME, a modular architecture that helps to create the different parts of a blockchain, similar to building blocks. This makes the blockchain easy to put together and highly customizable. Substrate is part of a larger vision of Web3 that aims to decentralize the Internet and make it more user-friendly. It also ensures that new blockchains are compatible and can work well together. 

Thanks to Substrate, developers can create specialized blockchains for any use case. It was used by Parity Technologies to create Polkadot, indicating its high performance, flexibility, and robustness. Substrate was created by Parity Technologies to address the limitations and challenges the team encountered when creating Polkadot. 

Polkadot And Substrate

Substrate-based chains can easily be integrated with Polkadot or Kusama and become a parachain or parathread. Substrate is the SDK that allows developers to build parachains, while Polkadot allows the chains to be secured and communicate with one another in a secure environment. However, both are not dependent on one another. Developers can create Polkadot parachains without needing Substrate, while chains built using Substrate don’t need to be connected to Polkadot or Kusama. Instead, these chains can exist as independent chains. 

Substrate And Web3

Substrate helps to fulfill two crucial goals encompassed within the larger Web3 vision. It was the foundational technology that allowed Parity Technologies to create the Polkadot Relay Chain. It is also the de facto SDK for the Polkadot ecosystem, allowing projects to build and deploy their parachains on Polkadot. 

Performance, Flexibility, And Decentralization

Any blockchain requires business logic that defines what it must do. Substrate-based chains are no different. Business logic is provided to these chains through a modular system called FRAME. FRAME allows developers to create, compose, and publish components to form their specialist business logic. Substrate provides developers with a genuinely open canvas and practical components they can compose, reuse, and publish. This allows it to open up a significant potential for innovation. 

One of Substrate’s main goals as a critical component of the larger Web3 vision is to ensure true decentralization. True decentralization means users don’t have to go through intermediaries to use decentralized applications and technologies. Substrate is dedicated to using open, highly adopted, and web-literate technologies such as Webassembly and libp2p.

Powering The Polkadot Ecosystem

In the Polkadot ecosystem, Substrate acts as the backbone that allows the creation of parachains. Polkadot and its parachains can communicate, customize, and share governance functions in a secure environment, ensuring everything runs securely and consistently, enhancing the Polkadot ecosystem.

Shared Security - Substrate allows Polkadot to provide a shared security model, with the security of all parachains interconnected with the primary Relay Chain.

Governance - Substrate-based parachains implement their governance mechanisms, which allow decentralized decision-making within each parachain. Substrate’s customizability also allows parachains to model their governance and upgrade their protocols without relying on centralized authorities. 

Customizable Parachains - Substrate allows developers to create customized blockchains without building anything from the ground up. This allows developers to innovate and experiment, supporting the quick adoption of changing technologies.

Cross-Chain Communication - The Relay Chain allows parachains to communicate, share data, and transact securely. Substrate allows different blockchains to specialize in specific tasks, facilitating efficient collaboration and overcoming traditional blockchains’ limitations. This will enable parachains to work together more efficiently and serve various purposes.

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

Roam stands out as the sole Web3 initiative among the eleven corporate alliances in the WBA OpenRoaming™ program. With its unique token incentive and community growth system, the Roam ecosystem currently boasts over 390,000 app users and has surpassed 310,000 nodes, covering more than 180 countries. Roam has now exceeded Helium 5G in terms of node scale and has firmly established itself at the forefront of the DeWi track. The WBA holds high expectations for Roam and anticipates that it will contribute to 20% of the overall growth in OpenRoaming™ network nodes in the coming years.

OpenRoaming™ Network: A Seamless Wi-Fi Experience

As the standards of the 802.11 WLAN series evolve technologically—particularly with recent advances in Wi-Fi 5 (IEEE 802.11ac) and Wi-Fi 6 (IEEE 802.11ax) that significantly boost data transmission speeds—Wi-Fi has become integral to modern electronic devices such as smartphones, tablets, laptops, and smart home systems, making it one of the most crucial infrastructures today.

Most public places typically offer Wi-Fi networks as an auxiliary service. Currently, the global public Wi-Fi network encompasses nearly 700 million spots, growing at an annual rate of 10%. Despite this expansion, public Wi-Fi networks are usually not user-friendly. Most are sourced from private routers with the minority stemming from government, municipal, ISP hotspots, community, and commercial Wi-Fi operators. These networks often involve regional restrictions and cumbersome connectivity steps including repetitive logins, reconnections, password sharing, and redundant registrations. For example, users traveling locally or internationally struggle to maintain continuous Wi-Fi connectivity and must frequently authenticate new network connections.

Moreover, public Wi-Fi networks pose security and privacy risks. A notable instance occurred in 2017 when a security researcher demonstrated a man-in-the-middle attack on a public Wi-Fi network in a Starbucks coffee shop. He created a fake Wi-Fi hotspot mimicking the official Starbucks Wi-Fi, allowing him to monitor and manipulate the network traffic of connected users, including redirecting them to malicious websites. The security issues associated with public Wi-Fi continue to receive increased attention.

To create a seamless, secure, and login-free Wi-Fi network system, the Wireless Broadband Alliance (WBA) introduced a technical standard called OpenRoaming™ in 2019. OpenRoaming™ allows users to connect to new Wi-Fi networks without needing to log in or authenticate every time. Once authenticated in any OpenRoaming™-supported network, their devices can automatically connect to any other participating network, enabling true seamless roaming. Additionally, it employs WPA3 and WBA’s Passpoint technology to ensure all data transmission is encrypted, offering a level of security comparable to mobile networks. OpenRoaming is suited for various settings, including airports, stadiums, hotels, offices, and public spaces, providing users with a consistent network experience.

The Current State of OpenRoaming™

Initially, OpenRoaming™ was driven by major internet and telecommunication giants, including Cisco, Google, AT&T, Boingo Wireless, and Samsung, following its market introduction. These early proponents typically promoted OpenRoaming™ in a top-down fashion, such as Cisco and Samsung integrating the technology into their network devices and mobile units to ensure seamless access to OpenRoaming™ Wi-Fi networks. AT&T and Boingo Wireless, by partnering with various industry players, have advanced the concept and benefits of OpenRoaming™, often initiating pilot projects in specific locations like airports and large conference centers to demonstrate the technology’s feasibility and effectiveness.

While OpenRoaming™ holds tremendous potential in enhancing the shared Wi-Fi experience, its efficacy depends on the number of participating networks and their coverage. Broad adoption of OpenRoaming™ typically relies on extensive participation from service providers. However, pushing the scheme from large corporations to smaller businesses has encountered challenges due to cost and profitability issues, including initial equipment investment and significant upfront educational expenses. In many areas or scenarios, support for OpenRoaming™ is limited, preventing users from experiencing its benefits of seamless connectivity. Additionally, the OpenRoaming™ standard requires compatible devices, as not all support the necessary Passpoint technology, requiring users to have compatible devices to enjoy automatic connections. Consequently, in many less internet-savvy small to mid-sized cities, the penetration rate of OpenRoaming™ is extremely low.

Currently, there are about 3 million OpenRoaming™ nodes globally. With a total market size of 628 million customer-used Wi-Fis, only 0.6% are integrated with OpenRoaming™, indicating that enterprise-driven efforts alone are insufficient to significantly advance its development. A more extensive driving force is necessary, such as encouraging broader participation from small and medium-sized enterprises and involving end-users as promoters. The low integration rate also suggests a vast potential for growth in this field.

The good news is that with Roam (formerly Metabolx) joining the OpenRoaming™ corporate alliance, it is paving the way for a large number of small and medium-sized businesses and end-users to become promoters of OpenRoaming™ in a Web3 manner. Roam collaborates with traditional communication industry leaders like Boingo Wireless, Cisco, GlobalReach Technology, and Intel to expand the coverage and user base of OpenRoaming™ network nodes.

As the only Web3 enterprise among the eleven alliance companies, Roam is building a system driven by a token economic model, the DePIN system, which could potentially enable all prospective roles to spontaneously become promoters of OpenRoaming™ network development, significantly reducing the entry barriers for small businesses and end-users to join OpenRoaming™ while allowing them to earn income from their contributions. It is reported that Roam’s decentralized backend and hardware will eliminate the technical and cost barriers to deploying OpenRoaming™ (reducing economic costs by an average of 50%), integrating it into everyone’s daily lives and empowering all stakeholders to promote the process from the bottom up. The WBA has great expectations for Roam and hopes that it will account for 20% of the overall growth in the OpenRoaming™ network in the next few years.

Roam as a Key Factor in Promoting the Large-Scale Adoption of OpenRoaming™

Centered around Roam, which is driven by the DePIN system, a Web3 protocol layer has been established within the Wi-Fi network and OpenRoaming among users. This protocol layer supports business users or individual users with network capabilities (bandwidth or Wi-Fi hotspot capabilities) to join OpenRoaming through Roam routing devices or mobile devices, providing free Wi-Fi services to users with network needs while earning token incentives from the Roam network. Simultaneously, the Roam protocol ensures that users connected to OpenRoaming maintain sovereignty over their data without interference from central databases.

Web3 Wi-Fi Network Centered on DID/VCs Credentials

From the user's perspective, the Roam protocol has introduced decentralized identifiers (DIDs) and the corresponding verifiable credentials (VCs), based on which users can seamlessly switch between public Wi-Fi networks without the need for repetitive authentication and registration.

Users can easily sync settings between devices through the Roam APP or retrieve configuration files when switching devices without redoing complex setups. In this way, Roam is establishing a unified, user-centric global Wi-Fi OpenRoaming network that seamlessly connects different Wi-Fi networks.

At the same time, VC/DID credentials as the core of the Web3.0 Wi-Fi are vital to the Roam ecosystem, allowing the initiation of a virtuous cycle of network construction through token incentives, controlling the deployment and expansion of the global distributed wireless access network, and generating valuable "3W" data - detailing who connects, when, and where. Based on this data, Roam will collaborate deeply with in-ecosystem social applications including SocialFi and GameFi.

Another innovative aspect of the Roam ecosystem is its ability to promote the popularization and large-scale adoption of OpenRoaming from the bottom up.

Accelerating the Expansion of the OpenRoaming Network with an Incentivized DePIN System

Roam has established a DePIN ecosystem driven by a Web3 economic system. Based on this DePIN network, small and medium-sized enterprises and individual users with network bandwidth and Wi-Fi hotspot capabilities can join OpenRoaming at any time through the Roam protocol, either by purchasing Roam routers or by loading the Roam App on mobile devices to share hotspots.

In terms of hardware, Roam currently offers the Rainier MAX60 router, which is compatible with OpenRoaming and supports Wi-Fi 6 performance, capable of up to 9.6Gbps data transfer rates—nearly three times faster than WiFi 5's 3.5Gbps, thus reducing bandwidth congestion. Additionally, it supports simultaneous connections for over 200 devices within a 150 square meter range, meeting the needs of most customer-used Wi-Fis. When users connect at specific nodes, all Roam routers work together to verify their DID credentials.

The router itself is priced comparably to other standard Wi-Fi 6 routers, making it accessible to small and medium-sized enterprises and individual users. It also serves as a hub for edge computing and connectivity for many homes and small businesses, providing efficient and secure support for large-scale data transmission.

By operating Rainier MAX60 and providing services like OpenRoaming™ Wi-Fi, users can earn four times RoamPoints rewards compared to adding Wi-Fi spots (RoamPoints can be used to stake and burn after the TGE to obtain $Roam tokens). The more OpenRoaming™ Wi-Fi connections a user establishes, the higher the rewards, significantly offsetting the user's deployment and network operational costs, and even generating profits. The low price threshold of Rainier MAX60, continuous economic incentives, and superior network performance are driving a large number of nodes to spontaneously join the construction of the OpenRoaming™ network.

In addition to hardware devices, Roam has also launched an app that not only allows users to join OpenRoaming™ Wi-Fi for free but also enables them to share their Wi-Fi network through mobile devices equipped with hotspot functionality. During the process of sharing their network, users earn RoamPoints rewards based on their contributions.

This mining setup is turning all mobile devices with hotspot sharing capabilities into small Roam nodes and is expanding the network through the launch of various socialization features that grow as users virally expand. The Roam app is not only a conduit for users to join the sharing network and freely join OpenRoaming™ Wi-Fi, but it has also introduced a series of Web3-native features, including:

Check-in-to-earn: This feature supports users in earning points by checking in. Users can earn points by verifying the operational status of Wi-Fi network nodes and providing hotspots for other users to use. To date, the cumulative number of check-ins in the app has exceeded 1.86 million.

Connect-to-convert: The Roam App offers various incentive mechanisms for users participating in network co-construction, and it also serves the accumulated traffic pool to other tracks in the Web3 ecosystem. Web3 projects can precisely airdrop to target users based on their project needs, achieving growth and early ecosystem activation. Active users of the Roam App are expected to receive a series of Web3 project token airdrop incentives, which will further promote user contribution within the Roam ecosystem. At the same time, the Roam App is expected to convert a large number of Web2 users into Web3 natives in this manner.

Location-based-socialfi: This feature leverages geographic coordinates for social gameplay. Users can expand their social graph based on location, strengthening links between users within the ecosystem. The introduction of socialization is enhancing the cohesion of the Roam community and providing a foundation for further fissure and exploration of commercial value within the ecosystem.

Infra-as-a-service: Roam supports cooperation in infrastructure services with other infrastructure project parties. Roam collaborates with other DePIN projects on hardware, supporting multi-mining on one machine to bring diversified earnings to users. At the protocol layer, Roam can also provide data support for projects based on geographic locations and use the Roam App as a visualization-driven application.

Currently, with the setup of these features, the Roam App backs over 280,000 users and has formed one of the largest communities in the Web3 domain. Recently, a joint event with OKX attracted over 100,000 participants, demonstrating the ecosystem's appeal.

Meanwhile, the overall number of network nodes is nearing 310,000, covering over 180 countries. The Roam ecosystem is experiencing rapid growth in node numbers, with a sequential growth rate of over 100%, making the Roam ecosystem currently the third-largest DePIN network.

Economic Model：

The Roam ecosystem currently includes three types of assets, driving the growth and development of the ecosystem through different means: RoamPoint , $ROAM tokens, and Roam NFTs.

RoamPoints are the central asset in the tokenomics at this stage. Users can obtain them through network contributions, direct purchases, or exchanges with partner merchants. Functionally, RoamPoints circulate within the Roam ecosystem, used for purchasing third-party applications, accessing network-generated data, or posting advertisements within the Roam network environment. Additionally, RoamPoints can be exchanged for the governance token $ROAM through staking, burning, and other means. When RoamPoints are used for specific purposes or under certain conditions, they are destroyed, helping control supply and enhance the token’s scarcity (over 25% of RoamPoints have been destroyed in the first week).

$ROAM is the governance token of the ecosystem. Holders can obtain these tokens through various means such as staking, voting, or receiving airdrops from other projects. Its primary uses include verifying services provided by miners, participating in community governance, and staking to acquire operational rights. This token is planned to be listed on exchanges soon.

Roam NFTs are directly issued by the Roam Foundation and can be linked to specific mining devices. Holders can earn $ROAM rewards by staking these NFTs. Additionally, NFTs grant holders a special community status.

Roam's Potential 

As the largest DeWi Ecosystem 

Currently, with over 310,000 nodes and spanning more than 180 countries, Roam has surpassed Helium 5G, becoming the second-largest DeWi network, only behind Helium IoT. As Roam's "wild growth" continues, it is evolving towards becoming the largest DeWi ecosystem.

Indeed, DeWi projects like Helium and Wicrypt aim to build a DePIN ecosystem to reduce network costs and promote widespread network services, with their primary profit model still resembling that of a virtual network operator, selling large telecom companies' eSims or charging users for paid services. While this new service model has advantages in obtaining network costs, providing extensive network services, and reducing user-end network acquisition costs compared to Web2 network services, the potential of this business model that has been proven in Web2 is limited.

Roam's difference lies in not charging users but profiting at the data and application layer. Therefore, as a Web3 extension and aggregation layer for OpenRoaming, Roam can be made available to all users for free, continuously enhancing the quality and experience of user networks as the network node system expands.

This approach makes it easier for the Roam ecosystem to experience successive growth cycles. The current scale of the ecosystem and the momentum of node growth (from doubling monthly to weekly) are testament to this. As the user base expands, it is poised to become the most crucial Web3 data availability layer, empowering development across various tech domains. Different profit models and growth strategies also mean that Roam has a higher development ceiling.

Backed by a Blue Ocean Market 

Currently, Roam is still in the early stages of ecosystem development, especially since the $ROAM token has not yet undergone TGE.

With Helium 5G's current valuation at $700 million, Roam's ecosystem valuation is expected to rapidly break through this figure given its larger node scale and user base than Helium 5G.

From the WiFi market perspective, with approximately 628 million consumer WiFi units and only 3 million OpenRoaming nodes, achieving a 1% conversion rate could mean about 5 million people enjoying a better WiFi experience, with a potential market value of up to $1 billion. Roam is becoming a significant force driving this trend, illustrating its position in a blue ocean market within this track.

The grand narrative direction is also making Roam highly favored by the capital market. At the end of last year, it completed a $5 million funding round led by Anagram and Volt Capital, with participation from Comma3 Ventures, ECMC Group, Awesome People Ventures, Stratified Capital, DePIN Labs, Future 3 Campus, IoTeX, ZC capital, and JDI. Subsequently, it received investments from Samsung Next, OKX Ventures, among others. Roam also plans to soon achieve a TGE of the ROAM token on leading trading platforms, which will kickstart the ecosystem comprehensively and further accelerate the ecosystem's growth flywheel.

Investment market progress and future token market developments will further propel Roam in the DeWi track ecosystem and the global WiFi roaming network node construction, continuing to work with Cisco, Boingo, GlobalReach, and others using DID-based credentials to support the latest WiFi technologies and achieve a fast, secure, and roaming-capable global network while playing a key role in 5G deployment and reducing cellular traffic burdens.

For more information, please visit:

Official website: https://weroam.xyz/

Twitter: https://x.com/weRoamxyz

 

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

The Bitcoin (BTC) price had rebounded above the $62,000 mark. However, traders are unsure if the cryptocurrency’s downturn is over. BTC is currently trading at $61,773.

BTC hit a six-week low on Monday, dropping as low as $58,474 before buyers propped the price to $60.330.

Analysts Predict Drop To $50,000

Some Bitcoin analysts have predicted the cryptocurrency could drop to $50,000. According to Markus Thielen, founder of 10x Research, Bitcoin appears to be following a double-top pattern and is currently testing its support level. A double-top pattern is formed when the price reaches two similar peaks, with a dip between them. The price maintains support above the common line, also known as the neckline, and typically falls by an amount equal to the distance between the two price peaks and the neckline.

“Bitcoin could shift from its current range trading (60,000-70,000) into a topping formation, potentially leading to a steeper decline. As we’ve observed over the past three months, range trading is a complex phase, often marked by several false breakouts.”

Thielen added that despite the potential positive impact of the US elections, BTC could experience an even steeper correction. 

Bitcoin (BTC) Price Analysis

The Bitcoin price dropped to $58,474 on June 24, hitting a six-week low before buyers stepped in and pushed it back above $60,000. BTC eventually finished Monday at $60,330, down by 4.48%. However, Bitcoin has strong support at the $60,000 level, and with buyer interest rekindled at this level, the price rebounded on Tuesday, registering an increase of 2.52% and rising to $61,848. The current session sees BTC down marginally and trading at $61,628.

Source: TradingView

As mentioned earlier, Bitcoin has a strong level of support at $60,000. Should sellers take control, BTC could drop to $60,000, and the price could stabilize as buyers enter the market. A drop below $60,000 could lead to a greater correction, which could see the price drop to $58,000, a level where the 200-day SMA could support the asset. Conversely, if bullish momentum returns to the market, BTC could climb to $65,000. For the moment, BTC is looking to reclaim the $62,000 level. Looking at the RSI, we can see it had dipped below 30 briefly, indicating oversold conditions.

Bitcoin’s recent drop can be partly attributed to Mt.Gox announcing plans to repay its creditors in July.

Ethereum Price Analysis

Ethereum (ETH) had a fairly bearish weekend, dropping to $3,420 on Sunday and slipping below the 50-day SMA. The current week began with the bearish sentiment intensifying as ETH dropped as low as $3,241 before buyers stepped in and pushed the price back above $3,300, with ETH eventually ending Monday at $3,352. Tuesday saw ETH rebound from the $3,350 level, registering an increase of $1.30% to move to $3,395. The current session sees buyers and sellers struggling to take control, with ETH down marginally.

Source: TradingView

So, where does ETH go from here? As we can see from the price chart, ETH has strong support at $3,000. There is also a level of support at $3,350 and resistance around the $3,500 level. Should sellers take control of the market and breach $3,350, ETH could see a significant drop to the $3,000 mark, where the 200-day SMA could act as support and buyers could enter the market. If this level of support is breached, ETH could drop to $2,800. However, buyers could push ETH to $3,500 should bullish sentiment return. Should ETH get past this level, it could move to $3,600 if the resistance can be flipped to support.

Solana (SOL) Price Analysis

Has Solana (SOL) hit a turning point? SOL has dropped over 16% in the past month. However, the past couple of days have seen a strong showing by the Ethereum killer’s native token. SOL faced considerable selling pressure all of last week, ending it by dropping below the 200-day SMA on Sunday after registering a decline of 3.82%. This saw SOL drop below the crucial support level of $130, with the cryptocurrency settling at $128.63. As we can see from the price chart, this support level has been tested twice, with SOL rebounding both times. This time has been no different, with SOL posting impressive gains during the week.

Source: TradingView

SOL started the current week facing intense selling pressure as sellers pushed the price as low as $122.38. However, buyers were able to stem the drop, pushing SOL back above $130. SOL eventually ended Monday at $132.33, just below the 200-day SMA. SOL’s bullish momentum picked up on Monday, as an increase of 3.22% saw SOL climb above the 200-day SMA and settle at $136.59. SOL had climbed to a high of $139 before sellers pushed the price back down. The current session sees SOL at $137.28, as it looks to move past $140. However, sellers are defending this level, as can be gauged from the price chart.

SOL’s recovery began on Monday after the price dipped below $130, prompting buyers to flood the market. $130 is a crucial level of support for the asset, with the 200-day SMA also acting as a dynamic level of support. Should SOL’s recovery continue and it gets past $140, it could climb to $150, where it faces its next level of resistance. A break above this level could set SOL on the path to $200 by the end of the year. However, sellers will attempt to counter this momentum. If they can push SOL below $130, we could see a drop to $100.

Binance Coin (BNB) Price Analysis

Binance Coin (BNB) has faced a steady decline since the middle of June, when it slipped below the 50-day SMA on June 16. That drop also saw BNB drop below $600. The previous week ended with BNB breaking below the ascending trendline support, indicating a strong bearish sentiment. Monday saw BNB drop to a low of $551.1 before buyers pushed the price back above $560, eventually settling at $568.2. BNB Tuesday saw BNB rebound, registering a 1.78% increase and settling at $578. The current session sees buyers and sellers struggling to control the market, with BNB down by 0.33%.

Source: TradingView

The price chart shows that BNB has support at $560, which was breached on Monday. However, buyers appeared to be around $550, allowing BNB to recover. Should bullish momentum build, we could see BNB test the resistance at $600. However, sellers will defend this level aggressively. Should bearish sentiment dominate, BNB could drop back to its support level. If this level is breached, BNB could drop to $500, or as low as $460, where the 200-day SMA could act as support.

Toncoin (TON) Price Analysis

Toncoin (TON) set a new all-time high on June 14. Following that, TON witnessed a significant decline, dropping below $7 by June 19. Following this drop, TON made a strong recovery, rising above $7 and settling at $7.33, just below the 20-day SMA. Sunday saw TON push above the 20-day SMA, settling at $7.51. TON had reached a high of $7.73 on Sunday, but with strong resistance around $7.60, it could not sustain its bullish momentum, falling back to $7.51. This suggests sellers are aggressively defending this level.

Source: TradingView

As a result, the price dropped on Monday, falling to $7.46. TON has support at $7, where the 50-day SMA is also present. Should the price drop below the 20-day SMA, TON could see a drop to this level and rebound. Any upward momentum requires TON to move past $7.50 and $7.60. Should the price achieve that, we could see an uptick to $8 and a potential test of its all-time high.

Avalanche (AVAX) Price Analysis

Avalanche (AVAX) has registered a decline of over 31% in the past month. This has seen the price drop from $41 to its current level of $25. The decline has also seen AVAX slip below the 20, 50, and 200-day SMAs, indicating significant selling pressure. AVAX dropped by nearly 7% on Saturday, dropping to $25.61. This drop pushed AVAX to test a critical support level at $25. Sunday and Monday saw drops of 2.12% and 1.07%, respectively, pushing DOT to $24.80. This is a low not seen since December 2023.

Source: TradingView

However, AVAX rebounded from this level, rising by 2.43% on Tuesday, pushing back above $25 and settling at $25.41. The current session sees AVAX up by 2.41%, with buyers firmly in control. But will AVAX be able to sustain this momentum? If AVAX continues its upward trajectory, we could see an increase to $29, where the 20-day SMA could act as resistance. Should AVAX move past this level, it could move to $30. However, should sellers breach the support at $25, AVAX could see a slide to $20.

Internet Computer (ICP) Price Analysis

Internet Computer (ICP) has been on a downward trajectory since hitting $19.02 in March. The cryptocurrency has seen a drop of 33% over the past month, indicating considerable bearish sentiment. On Sunday, ICP slipped below $8 after registering a drop of 3.66% to settle at $7.89. It also faced considerable selling pressure on Monday, dropping to a low of $7.51. However, buyers entering the market at this level were able to push the price back above $8. ICP’s upward momentum continued on Tuesday, registering an increase of 3.24%. The current session sees the price down by 0.85%.

Source: TradingView

ICP faces a strong level of resistance at the $9 level. Any significant upward momentum would require a move past this level. Should this happen, we could see the price go back above $11. Any bearish momentum could result in the support at $8 being tested again. Should this fail to hold, a drop to $7 is likely. A strong level of support at $7 could prevent further drops and allow buyers to enter the market.

Aptos (APT) Price Analysis

Aptos (APT) is another cryptocurrency on a downward trajectory, in line with the rest of the market. APT had hit a high of $19.34 in March, nearly testing its all-time high. However, it could not get past $20 and had fallen below $10 by the middle of April. The asset encountered a period of choppiness, with the price oscillating between $7.50 and $10. The first week of June saw selling pressure intensify, with APT dropping from $9.13 to below $7 by June 18.

Source: TradingView

Since then, APT has seen some consolidation, with the price hovering between $6.50 and $7. Should bearish sentiment intensify again, we could see a drop towards $6. However, analysts are quite bullish on APT, predicting it could reach $13 by the end of the year. Any significant movement towards this scenario would require APT to reclaim the $10 level.

Cosmos (ATOM) Price Analysis

Cosmos (ATOM) is currently trading around $6.83, having shed almost 20% over the past month after remaining range-bound since April. After dropping to $6.69 on Sunday, ATOM registered an increase of 2.11% on Monday, rising to $6.83. However, this came after the cryptocurrency faced significant selling pressure, dropping to a low of $6.40 before recovering. Tuesday saw buyers continue to push the price higher, with ATOM rising to $6.94.

Source: TradingView

ATOM is facing resistance at $7, with the 20-day SMA also acting as a dynamic resistance level. If ATOM wants to flip the current bearish sentiment, it must move past $7 and the 20-day SMA. Should this happen, ATOM could test $8 and the 50-day SMA. There is support at $6.50, which has been tested twice this month and has held both times, indicating strong buying pressure. Should this level be breached, ATOM could drop towards $6.

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

Borpa, an innovative memecoin project, is set to make crypto history with the launch of its omnichain financial game — becoming the first memecoin to offer liquidity mining incentives.

The new liquidity mining incentives will be accessible across both Ethereum Virtual Machine (EVM) and non-EVM networks, scheduled to go live at 2pm UTC, on June 27.

In the lead up to the launch of this historical utility, Borpa has successfully raise an eye-watering $65 million in it Overflow funding round — evidencing investor confidence behind the direction of the memecoin.

Community-Driven Finance 

Borpa isn’t just another memecoin project built on hype and speculation. By developing economically sustainable mechanics that increase the value of the token through active community participation, Borpa aims to create a brand new standard for memecoins. 

This community-driven financial model introduces a stark strategic shift in memecoin utility and the traditional memecoin market. Through Borpa’s dual-themed branding, the innovative project is able to merge the playful appeal of memecoins with limitless functionality offer through a decentralized exchange (DEX) automated market maker (AMM). 

Borpa Founder and crypto veteran in the space, Psychonaut4975, attested to the evolutionary shift in memecoin potential, stating:

“Borpa represents nothing less than the evolution of memecoins from fun and, let’s be honest, purely speculative assets into something different, something altogether more valuable. By incentivizing liquidity across multiple chains with our game, we are taking the road less traveled and pioneering a completely new approach – one that paves the path to a more sustainable and value-driven memecoin ecosystem.”

Entangle Labs Fair Launch

Incubated by Entangle Labs, a renowned tech company specializing in omnichain infrastructure, Borpa’s token distribution is at the heart of what makes it a prime example of how the memecoin’s should launch.

Unlike stealth launches that inevitably centralized most tokens with founders and insiders, Borpa allocates 80% of its total token supply to the community — including high annual percentage rate (APR) farms within the financial game. By establishing this fair distribution mechanism to reward users based on their engagement, Borpa promotes a meritocratic and inclusive community.

Borpa: Unchained Omnichain

Borpa defies the norms of memecoin utility, becoming one of the first memecoins available on Ethereum, Solana, and other leading chains — joining the ongoing memefest without limitation.

Faisal Mehrban, founder and CEO of Entangle Labs, spoke highly of Borpa and the direction of the memecoin, stating:

“The memecoin asset class is maturing rapidly, and Borpa represents its maturation – a project and token that are fun and engaging while still delivering real economic opportunities. Borpa’s compelling blend of strong tokenomics, game theory, and viral marketing, backed by our omnichain infrastructure, means it is perfectly poised to capitalize on the booming meme season we are currently witnessing.”

Community Growth and Security Assurances

Borpa has built an vibrant and expanding community of 120,000 members within just three months of its fair launch, ensuring security after being audited by the esteemed blockchain security company, Halborn.

The sheer growth of the Borpa community is one of the fastest growing the crypto space today, continuing to grow as more learn about its omnichain utility and community-first meritocratic approach. 

On WhaleMarket, Borpa’s pre-market price reached approximately $0.1, establishing a Fully Diluted Value (FDC) of around $100 million. These kind of figures portray huge community expectations of the innovative omnichain memecoin project, as it continues to grow its userbase in anticipation.

Team Players 

Borpa’s founding team delivers a wealth of market psychology and Web3 tech understanding and has carried out over 18 months of dedicated research and development to assure a successful launch. Building on the success of famous projects likke Dogecoin and Sushiswap, Borpa explores a brand new front for memecoins with its upcoming financial game.

Backed by Entangle Labs, Borpa melds strong and fair tokenomics with new innovation, ready to deliver omnichain participation incentives to lovers of memecoins all around the world. Combining the culture and fun behind memecoins and a financial game, Borpa is set to spark a new era for the memecoin market and the ongoing meme season.

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

With the imminent merger of crypto AI tokens $FET, $AGIX, and $OCEAN, all are surging into this event. Will the newly created $ASI token continue these gains, or will the merger be a ‘sell the news’ event?

Much excitement and anticipation is taking place among holders of Fetch.ai ($FET), SingularityNET ($AGIX), and Ocean Protocol ($OCEAN), as the July 1 deadline for the merger approaches. 

As this event draws nearer, the prices of all the involved tokens are putting on a surge to the upside. With $BTC flat and slightly down after its price increase on Tuesday, and most other cryptocurrencies following suit, $FET, $AGIX, and $OCEAN are bucking the trend.

Fetch.ai ($FET)

Source: TradingView

The $FET price is up 55% from last week’s bottom, and is currently trading at $1.72. The fibonacci levels show that $2.10 could be reached if $FET is able to break out of its down trend. The next target would be $2.37, depending on whether this can be reached before the merger.

SingularityNET ($AGIX)

Source: TradingView

$AGIX is practically a carbon copy of the $FET chart. Both these cryptocurrencies have been pretty much in lockstep since the beginning of the year. $AGIX has increased 52%, also since last week.

Ocean Protocol ($OCEAN)

Source: TradingView

$OCEAN is also very similar in its trading patterns since the beginning of the year. The only difference could be that the price is nearer breakout. $0.87 and $0.97 are the targets from the current price of $0.70.

Will the merger be a ‘sell the news’ event?

Even with this positive price action, traders and investors should treat the merger with caution. Once the merged token $ASI is live, there could certainly be a ‘sell the news’ event. Bitcoin’s price action going into July will also have an effect on how $ASI performs.

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

Billionaire crypto entrepreneur Andrew Kang has posted on X that in his view, the impact of the launch of a Spot Ethereum ETF would provide “not much” upside, and that it is already “more than priced in”. 

Crypto market excitement at imminent ETF launch

With VanEck having just made their 8-A filing for their Spot Ethereum ETF, its launch may be imminent. When VanEck last did this filing for their Spot Bitcoin ETF, the launch happened a week afterwards.

The crypto market is extremely excited about this launch and many investors may have already bought $ETH in anticipation. The general thinking will be that if the Ethereum ETF is anything like as successful as that of Bitcoin, the price is bound to go up.

A bucket of cold water

That said, Andrew Kang, Managing Partner at Mechanism Capital, has thrown a bucket of cold water onto the situation. In an article posted on X, Kang posits that the $ETH price will not see much upside unless it “develops a compelling pathway to improve its economics”

Spot Bitcoin ETF analysis

In his article he starts by analysing the Spot Bitcoin ETF, and states that even though there have been $14.5 billion net inflows, these are not all “true inflows”. What Kang calls the “basis trade” (carry-trade) he estimates to account for $4.5 billion, and straight conversion of Spot Bitcoin into the ETFs he estimates at $5 billion. Therefore he says that the true inflow is nearer to $5 billion.

Kang cites Eric Balchunas’ estimate that the Ethereum ETF could attract 10% of what went into the Bitcoin ETF, which leaves the figure of around $0.5 billion. His own figure is slightly higher at $0.84 billion.

When posing the question of how BTC managed to go from $40,000 to $65,000 by way of the ETF buying, Kang simply states that this was not the case. He says that “other buyers” in the spot markets were those mainly responsible for the price surge. He adds in his view that there is a demand flow for BTC this year of between $40 billion to as much as $130+ billion.

Ethereum ETF expectations are overinflated

However, for Ethereum, Kang takes the view that the “expectations of crypto natives are overinflated.” He states:

"It is natural that those deep in the crypto space have a relatively high mind share and buy in of Ethereum. In reality, it has much less buy in as a key portfolio allocation for many large groups of non crypto native capital."

The billionaire analyst says that he believes $ETH will trade from $2,400 to $3,000 after the launch but does add that if $BTC goes to $100,000 at the end of this year or into Q1 of 2025, then this could “drag $ETH along to ATHs.”

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

Memecoins have not been immune to the broader crypto market downturn. Two Solana-based memecoins, Bonk ($BONK) and Floki ($FLOKI), have, however, surged in recent market slumps. 

Solana-based memecoins have performed exceptionally well in the recent bull run, delivering significant returns to investors. The crypto market has been on a downtrend over the past weeks, affecting all sectors within the crypto market.

With Bitcoin ($BTC) down majorly over the past week and most altcoins following suit, two Solana-based memecoins, Bonk ($BONK) and Floki ($FLOKI), surged in comparison. 

$FLOKI Riding on High Praise

FLOKI emerged as a significant player in the burgeoning memecoin sector driven by its dedicated community, practical applications and robust market presence. $FLOKI thrives on its strong community backing and its prominent social influence. The community sings high praises of this memecoin, highlighting its rapid developments and leadership among other notable memecoins, including $PEPE, $BONK and $WIF. 

$FLOKI’s popularity and recent performance are further boosted by its attempts to strengthen its ecosystem. The team introduced a trading bot and listed it on the major crypto exchange Kraken. 

$FLOKI is up 12.08% on the 24-hour chart, 9.70% on the seven-day chart, and surged a whopping 559.86% over the past year.

At the time of writing, $FLOKI traded at $0.000179. FLOKI is a steal for any investor at its current trading price and offers incredible profit potential. 

$BONK Surges on Scarcity

Bonk ($BONK) entered the market in late 2023 and captured the attention of the memecoin industry. Inspired by Dogecoin ($DOGE), $BONK stands out for its community support and scarcity. $BONK’s community boosts its popularity through its active contribution through meme competitions, collaborations with artists and bold marketing strategies.

BONK’s popularity is further propelled by its capped token supply of 100 billion. Through its limited supply, BONK introduced a somewhat foreign concept to the memecoin world – scarcity. Bonk’s popularity also increased as it evolved from a mere memecoin to more of a utility token. 

$BONK increased 14.88% in the past day, currently trading at $0.00002346.  

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

The crypto market is experiencing increased volatility, resulting in severe price drops. Today's on-chain analysis revealed that a German Government-labelled crypto wallet sold 900 Bitcoin, leading to concerns that $BTC may drop below its key $60,000 mark.

A German government crypto wallet moved another 900 Bitcoin ($BTC) in three individual transactions today. The transactions have sparked fears that $BTC may drop below its critical $60,000 level. 

Millions in Seized Bitcoin Sent to Major Exchanges

A wallet connected to the German Federal Criminal Police Office (BKA) transferred 900 Bitcoin to major crypto exchanges today. According to data from blockchain analysis firm Arkham, the wallet sent 200 $BTC to Coinbase, 200 $BTC to Kraken and 500 $BTC (worth over $30 million) to an unknown wallet, “139Po”.

While wallet “139Po” remains unknown, the German government previously interacted with it. On June 19, the government sent 500 BTC to the address and another 800 on June 20. 

UPDATE: German Government selling additional $24M BTCIn the past 2 hours the German Government has moved 400 BTC to exchange deposits at Kraken and Coinbase.They have also moved 500 BTC to address 139Po. We have yet to see where these funds are moved. pic.twitter.com/D6QCUv9Jgx

— Arkham (@ArkhamIntel) June 25, 2024

After the transfers, the wallet still holds 46,359 BTC, worth around $2.8 billion. 

Bitcoin on a Downtrend: Could German Government Push it Over the Edge?

Bitcoin has been on a sustained downward trajectory, currently down over 10% on the monthly chart and 3.95% over the past seven days. Market sentiment is overwhelmingly negative, with the Fear and Greed Index dropping from extreme greed to fear in a matter of a week. 

An announcement from the now-defunct crypto exchange Mt. Gox forced $BTC down yesterday, with the price momentarily touching $58,500. At the same time, the price recovered somewhat, and $BTC battles to hold its position above its critical $60,000 level. Mt. Gox announced it will begin distributing $9 billion in Bitcoin and Bitcoin Cash ($BCH) repayment from the beginning of July. Following a decades-long wait, Mt. Gox creditors will finally receive some relief after an infamous hack in 2014 resulted in the loss of 740,000 bitcoin.

While creditors eagerly await their repayments, they will likely add selling pressure to the Bitcoin market. 

The recent transfers from the German government, coupled with Mt. Gox’s plans, could be the catalyst to send $BTC below $60,000. 

At the time of writing, $BTC traded at $61,864, up 4.47% on the 24-hour chart. 

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