U.S. public firm Kronos accepted SHIB as a payment option.

In 2021, the company accepted Dogecoin as a payment method.

Shiba Inu was down by 31.53%, over the past month.

The second largest meme coin Shiba Inu (SHIB) is endorsed as a payment method by the US-based public firm Kronos Advanced Technologies (KNOS) for purchasing air purifiers. The news was disclosed in the company’s June filing with the U.S. Securities and Exchange Commission (SEC). 

Reportedly, there are 1.38 million SHIB wallet holders as of 2024. Acknowledging this fact, Kronos cited “the widespread ownership and popularity of SHIB among cryptocurrency enthusiasts” as the reason for accepting SHIB in the filing. 

Moreover, Greg Rubin, CEO of Kronos Advanced Technologies Inc., stated:

“We are thrilled to be the first public company to accept SHIB as a form of payment for our air purification products. This move not only demonstrates our commitment to embracing new technologies but also allows us to cater to the growing demand for alternative payment options.” 

Previously, in February 2021, KNOS announced on X its acceptance of memecoin Dogecoin (DOGE) as the payment token. 

The overall market fluctuation over the past few weeks has impacted SHIB and brought in a fuzz among investors. Shiba Inu (SHIB) experienced a considerable decline within the last 24 hours, dropping 1.23%. At the time of writing,  the meme coin’s price was $0.00001718, as per CMC. 

Over the past week and month, the asset was down by 1.24% and 31.53%, respectively. In addition, Shibburn’s on-chain data, reveals over 918 million SHIB tokens were burned across 237 transactions in the previous month. 

SHIB’s 24-hour trading volume has dropped by 3.54% to $175 million. Although, the RSI stays around 34.07, nearly oversold indicating insufficient momentum for the price shift.Highlighted Crypto News 

What’s Happening in the US Markets with Crypto

Gate.io, a world-leading crypto exchange, recently concluded its prominent hosting of Lead Asia Demo Day, alongside its participation in Seoul Meta Week 2024 as a Platinum Sponsor, reaffirming its leadership in both events. These platforms served as a stage for the future and advancement of blockchain technology, highlighted by keynote speeches delivered by Gate.io CEO Dr. Han Lin during Seoul Meta Week 2024.

Empowering Startups at Lead Asia Demo Day

On June 28th, Gate.io partnered with Wemade, a leading game developer in Korea known for its flagship IP, MIR, to host Lead Asia Demo Day in Seoul, drawing over 300 attendees. The event began with a welcome speech by Leo, Director of Strategy & Operations in East Asia, and Tiffany Chang, Investment Associate, highlighting Gate.io’s dedication to fostering innovation and driving industry growth. They detailed Gate Ventures’ proactive investments and support for innovative blockchain startups, emphasizing their focus on community-driven tokenomics, genuine innovation, robust engineering, and sustainable business models across the Asia Pacific Region. Gate Ventures offers comprehensive support in areas like product development, code auditing, liquidity provision, and market making, ensuring startups receive essential resources and strategic guidance in today’s dynamic blockchain ecosystem.

Showcasing Promising Startups

During Lead Asia Demo Day, four promising startups—Batching.ai, CYRUS, Amnis Finance, and Quranium—presented their groundbreaking projects, each contributing to the limitless potential of Web3 development.

Batching.ai: An AI-driven NFT Gaming Platform that utilizes NFT information and incorporates AI technology for image generation, allowing users to play games with their NFT decks.

CYRUS: A blockchain startup focused on environmental and healthcare solutions, seamlessly integrating personal well-being, eco-friendly initiatives, and blockchain technology.

Amnis Finance: The top #1 liquid staking platform on Aptos, with an impressive 10% staking apr and many farming yields. It has achieved over $104 millions in Total Value Locked (TVL) and more than 200K stakers.

Quranium: The world’s first quantum-proof hybrid distributed ledger technology (DLT), designed to build a groundbreaking decentralized infrastructure prepared for the quantum computing era. This innovative solution stands out for its unparalleled speed and scalability, ensuring robust and future-ready performance in an evolving technological landscape.

Driving Forward with Vision and Passion

The startups showcased their innovative potential, making it a close competition for the Best Innovation Award. Ultimately, Batching.ai stood out for its groundbreaking work. Tiffany Chang commented, “We believe their cutting-edge AI-driven NFT gaming platform is set to revolutionize the Web3.0 gaming experience.”

At the end of the event, Gate.io extended its heartfelt gratitude to co-host Wemade, a pioneer among game developers in South Korea which adopted blockchain technology early to operate the world’s largest web3 game platform, Wemix Play, along with Golden Sponsors Quranium, Batching.ai, CYRUS, and Amnis, and Silver Sponsors Burrito Wallet, TetherMax, UNICE, WEMIX, and Kroma. Their generous contributions and invaluable support made this event possible.

Lead Asia Demo Day was a resounding success in fostering connections among Korean Web3 industry leaders and the community. “It was an absolute pleasure to be a part of this well-curated event by Gate.io. South Korea is a crucial market focus for Quranium, and Gate.io’s leadership in advancing Web3 initiatives in Asia will contribute significantly to building a strong ecosystem. We eagerly anticipate closer collaboration,” remarked Benjamin Shin, Chief Business Officer at Quranium.

Building Trust Beyond Blockchain

During June 26th – 28th, Gate.io also participated in Seoul Meta Week 2024 as a Platinum Sponsor, contributing to the gathering of industry leaders and enthusiasts to explore the future of blockchain technology. Dr. Lin Han, Founder and CEO of Gate.io, delivered a keynote speech titled “How We Build Trust Beyond The Blockchain,” focusing on recent security challenges in the industry and Gate.io’s mission to establish a secure and user-friendly environment, emphasizing blockchain development and financial innovation.

In addition to Dr. Han’s keynote, Tiffany Chang, Investment Associate at Gate.io, participated in a panel discussion on “AI in Web3: Transforming the Future of Decentralized Technology,” highlighting Gate Ventures’ belief in AI’s transformative potential within Web3. Gate.io also showcased a variety of technologies and innovations at its booth during Seoul Meta Week.

Seoul Meta Week 2024 and Lead Asia Demo Day were both successful events for promoting blockchain technology and its use cases and showed Gate.io’s commitment to driving Web3 innovation and industry development. 

Media Contact:

Elaine Wang at elaine.w@gate.io.

Disclaimer:

This event is for professional knowledge sharing and networking purposes only. The content herein does not constitute any offer, solicitation, or recommendation of any products or services. Please note that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/user-agreement.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The US Marshals Service has selected Coinbase Prime to oversee its large-cap crypto assets via a $32.5 million contract.

Still, Coinbase is dealing with SEC legal challenges over platform registration.

The US Marshals Service (USMS) has taken a significant step by partnering with Coinbase Prime to oversee its large-cap digital assets. The USMS, responsible for asset forfeiture under the Department of Justice, will support Coinbase’s custody and advanced trading services through a $32.5 million contract. This collaboration highlights the growing integration of cryptocurrency management within federal agencies.

Coinbase was selected after an attentive selection process due to its proven security measures and ability to handle large-scale institutional crypto services. This partnership aims to ensure the secure management of digital assets central to federal law enforcement operations.

However, this joint effort comes when Coinbase is embroiled in legal battles with the U.S. Securities and Exchange Commission (SEC). The SEC has accused Coinbase of operating its platform without proper registration, a case that is still pending in court. In retaliation, Coinbase has recently filed lawsuits against several federal agencies. That includes the SEC, alleging attempts to stifle the crypto industry by cutting off its access to banking services.

Regulatory Actions Expand Beyond Coinbase

The SEC has also charged Consensys Software with offering unregistered securities through MetaMask Staking and functioning as an unregistered broker. 

Additionally, Silvergate Bank’s parent company has settled charges related to anti-money laundering failures and misleading disclosures with the SEC, the Federal Reserve, and the California Department of Financial Protection and Innovation.

This development highlights the complex and often contentious relationship between the burgeoning crypto industry and federal regulatory bodies.

The University of Buenos Aires’ Innovation and Artificial Intelligence Lab (UBA IALAB) and Web3 data platform Archisinal have established a partnership. The organizations are working together to create a Polkadot-based initiative that will modernize the UBA law facilities.

In order to adapt blockchain technology to design and urbanism, Archisinal will collaborate with UBA’s Web3, Blockchain & IA Lab. The faculty’s Hearing Room will be transformed into a smart classroom via a contest open to students, architects, and academic community members who would want to be involved in the project.

Archisinal will manage the competition and make use of Polkadot’s blockchain framework via its blockchain platform. It will ascertain the necessary actions to carry out the task and manage the project with the help of group funding provided via blockchain technology.

The project will act as a pilot for Archisinal, enabling it to demonstrate the value of its MVP in a collaborative and academic setting. The project offers a model use case for using blockchain technology in education sector. It will spearhead and encourage volunteerism in Buenos Aires and support the upkeep and renovation of public facilities.

Through its Web3, Blockchain & AI Lab, the University of Buenos Aires has already started investigating the potential advantages of applied blockchain technology. Based firmly on the Polkadot ecosystem, Archisinal will expand on this framework and find new uses for blockchain technology at UBA.

UBA IALAB, in collaboration with adLIB! and its Director Marina Marchesotti, formed a relationship with Polkadot Blockchain Academy in January 2023. The UBA Faculty of Law hosted the second iteration of this academic proposal, which was created by Dr. Gavin Wood. The academic and Polkadot communities have benefited greatly from the association with Polkadot Blockchain Academy because of their ongoing and close engagement.

The partnership between Archisinal and UBA will serve as a catalyst for many other upcoming university projects that are in the works. Archisinal, recent winner of a scholarship program from the Decentralized Futures of the Web3 Foundation, has won three hackathons in 2024.

The collaboration between UBA IALAB and Archisinal will support academic research and produce future industry leaders by acting as a case study for blockchain deployment. In the process, it will create a technologically advanced and creative space at one of Argentina’s top educational institutions, adding value to law students.

The market is currently abuzz with anticipation as a major token unlock event is set to release $755 million worth of tokens in July 2024. This unlock is expected to have significant impacts on various tokens, prompting investors to strategically position their portfolios. Altlayer (ALT), Xai (XAI), and others are emerging as the top five altcoins to consider before this substantial event. 

Below, we will discuss their stronger points and how they might have a positive impact on your portfolio’s performance. Nothing is guaranteed, of course, but there are some promising projects to take into consideration, including….

Don’t Miss This One Out – Minotaurus is Ready

Have you ever regretted not getting in on a super-grower altcoin early? Minotaurus provides a one-of-a-kind opportunity to potentially steer clear of that error again. 

This blockchain gaming project is now offering a great opportunity for early participants to get in on the action during its presale period. Starting at only $0.00004 per coin, you may get 80% off Minotaurus’ native token, $MTAUR.

Diving Deeper and Deeper

Minotaurus combines the thrill of gaming with the potential of crypto. Gamers must find their way through labyrinths while fighting fantastical beasts, dodging traps, and collecting virtual currency. The goal is to draw in a large audience with this interactive and exciting activity, which might lead to significant developments for the project itself. 

You can see the project develop from the start and get early access to game features if you join today. Vesting and referral incentives are only two of the many perks that become available to holders of $MTAUR tokens. Avatar customization, mini-games, in-game purchases, and more are all possible as well.

Act Now – Choose Minotaurus

Minotaurus is well-positioned to take advantage of the casual gaming industry, which is worth $14.78 billion and will be expanding at a rate of roughly 9% per year, according to Statista. 

This may be a once in a lifetime chance – BUY NOW. 

To get a 5% bonus on your $MTAUR tokens, link your wallet now and enter the key RTD471 at checkout. Only valid for 48 hours.

Altlayer (ALT): A Rising Star in Layer 2 Solutions

Moving on, we got Altlayer (ALT). Founded in 2021 and headquartered in Singapore, it offers a “Rollup-as-a-Service” (RaaS) solution, simplifying the deployment of Layer 2 applications on popular blockchains like Ethereum, Avalanche, and Polygon. Binance’s inclusion of Altlayer (ALT) as its 45th Launchpool project has significantly increased its visibility in the crypto space. The token is set to be listed on Binance, allowing trading against several major pairs, indicating a strong support system and market interest.

The farming window for Altlayer (ALT) tokens on Binance has generated substantial buzz, and its upcoming listing is expected to provide liquidity and trading opportunities. Market sentiment around Altlayer (ALT) is bullish, supported by the technological promise of its rollup solutions and the backing of major investors. 

Projections suggest that if current trends continue, Altlayer (ALT) could see its value rise significantly, with some estimates placing potential prices around $3 to $5 within the next few months, assuming market conditions remain favorable.

Altlayer’s (ALT) unique proposition as a RaaS provider positions it well for future growth. The flexibility and scalability offered by its platform make it attractive to developers and enterprises. However, the success of Altlayer (ALT) hinges on its ability to maintain technological superiority and attract a robust developer community. Regulatory challenges and competition from other Layer 2 solutions could pose difficulties, but the strong foundational support and innovative approach give Altlayer (ALT) a promising outlook.

Xai (XAI): Predicting a Bright Future

One more trending cryptocurrency, Xai (XAI), has been making waves recently, all thanks to its high trading volume and substantial market capitalization. The token has seen a notable rise, driven by its unique offerings and growing community support. As of now, Xai (XAI) is positioned as a potential high-growth asset in the altcoin space, attracting attention from both traders and analysts.

Recent market data shows Xai (XAI) experiencing positive momentum, with fluctuations typical of a growing asset. The token’s historical highs and lows indicate a resilient market presence, with current trading activities reflecting strong community and investor engagement. Projections for Xai’s (XAI) price suggest a potential increase to $2 by the end of the year, driven by market adoption and strategic developments.

Xai’s (XAI) future looks promising with its strong market fundamentals and innovative approach. The token’s ability to maintain and grow its market cap, coupled with strategic developments and community engagement, bodes well for its long-term prospects. However, market volatility and external economic factors could impact its growth trajectory. 

Aptos (APT): Advancing Web3 Ecosystems

The third coin on today’s list is Aptos (APT). It is making significant strides in the Web3 space through strategic partnerships, including a notable collaboration with Alibaba Cloud to enhance Japan’s Web3 ecosystem. The launch of Alcove, Asia’s first Move developer community, positions Aptos (APT) as a leader in fostering innovation and accessibility in the region. These initiatives are part of Aptos’ (APT) broader strategy to drive mass adoption and develop a robust ecosystem.

The recent strategic moves by Aptos (APT) have positively impacted its market perception and price trajectory. The partnership with Alibaba Cloud and the anticipated benefits from Alcove are seen as strong value propositions, enhancing the token’s attractiveness. Market analysts predict that APT could reach $10 to $15 in the coming months, contingent on continued positive developments and market conditions.

Aptos (APT) is well-positioned to capitalize on its strategic initiatives and partnerships. The focus on developer empowerment and ecosystem growth is expected to drive further adoption and innovation. However, Aptos (APT) must navigate regulatory landscapes and maintain competitive edges in technology to sustain its growth. The alignment with major industry players like Alibaba Cloud provides a strong foundation for future success.

Arbitrum (ARB): Enhancing Network Efficiency

Finally, Arbitrum (ARB) remains one of the leading Layer-2 solutions in the DeFi space. Despite facing competition, it has managed to retain significant market share and user interest. The proposed adoption of “Timeboost,” a new transaction ordering policy, aims to enhance the network’s transaction efficiency and user experience, potentially revitalizing network activity.

The introduction of Timeboost has sparked interest in Arbitrum (ARB), although the overall network activity has seen fluctuations. 

The innovative approach to transaction ordering is expected to generate positive market reactions, potentially stabilizing and increasing Arbitrum’s (ARB) trading value. Analysts suggest that Arbitrum (ARB) could see its price climb to around $1.50 to $2.50 if the Timeboost implementation proves successful and attracts more users.

The implementation of Timeboost could significantly improve Arbitrum’s (ARB) network performance, attracting more users and transactions. This enhancement, coupled with a robust ecosystem, positions Arbitrum (ARB) for future growth. 

Challenges include maintaining user engagement and addressing any technical or regulatory hurdles. The success of Timeboost and continued innovation will be crucial for Arbitrum’s (ARB) sustained market presence and growth.

Conclusion

As the crypto market anticipates significant changes, market participants are strategically adjusting their portfolios. Among the most promising altcoins to consider are Altlayer (ALT), Xai (XAI), Aptos (APT), and Arbitrum (ARB). 

Alongside the already listed projects, there’s one more option: the early participants of Minotaurus are being offered substantial price cuts during the presale, which makes it a tempting chance for those who want to be part of something special from the beginning. A solid monetization plan and seasoned crew support the project’s claims of being a strong potential contender in its multi-billion niche.

Learn more about Minotaurus:

Website: http://minotaurus.io/

Announcements: https://t.me/minotaurus_official

Chat: https://t.me/minotaurus_chat

Twitter: https://twitter.com/minotaurus_io

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Dogwifhat (WIF) has surged as the leading meme coin in the past 24 hours, experiencing a 12.34% price increase.

Despite the price increase, WIF’s Weighted Sentiment remains negative at -0.95, suggesting that the meme coin is not near its peak.

The positive Funding Rate indicates a rising demand for long positions.

This significant surge comes after the token endured a prolonged downturn period, raising questions about whether the current market perception of WIF is in line with its recent performance.

Meme Coin Fever Not Yet at Its Peak

According to data from Santiment, WIF’s Weighted Sentiment, which considers the number of mentions of an asset while tracking those expressed in a positive or negative manner, currently sits at -0.95.

A negative reading indicates that there are more pessimistic comments online, while a positive reading suggests that the broader market is optimistic about the price potential.

In the case of WIF, the negative Weighted Sentiment, combined with the recent price increase, implies that the meme coin is far from reaching its peak. This divergence between market sentiment and price action suggests that there is still room for further growth.

If the sentiment were extremely positive alongside the price jump, it could indicate that WIF is nearing a significant correction period. However, given the current situation, the upswing has the potential to continue.

Despite the broader negative sentiment, traders appear to be positioning themselves for a further price hike. This is evident from the Funding Rate, which represents the difference between a cryptocurrency’s perpetual and spot prices.

Cardano (ADA) price is showing signs of a potential recovery, but it requires significant support from the market and investors.

If Cardano’s price successfully increases, the currently unprofitable supply of 1.7 billion ADA could turn profitable.

ADA holders remain optimistic, as evidenced by the consistently increasing Mean Coin Age.

Cardano’s (ADA) price appears to be on the path to recovery, but the altcoin’s success heavily relies on the support it receives from the market and its investors.

Fortunately for Cardano, ADA holders are already demonstrating a desire to experience gains once again, which could prove to be a crucial factor in the cryptocurrency’s potential recovery.

Cardano Investors Maintain Strong Conviction Despite Price Decline

Despite Cardano’s price registering lower lows throughout June, investors have not been deterred from holding onto their ADA tokens. The Mean Coin Age, an indicator that measures the average age of coins held, has been consistently increasing, suggesting that investors are retaining their ADA for longer periods.

This steady rise in the Mean Coin Age is a clear indication of the unwavering confidence that investors have in the future performance of the asset. The behavior of holding onto tokens for extended durations is often interpreted as a sign of strong conviction among investors, even in the face of challenging market conditions.

The rising Mean Coin Age underscores the resilience of ADA holders, who remain optimistic about the cryptocurrency’s prospects, even as the price strives to reclaim key support levels.

The steadfast conviction of ADA holders could also translate into a significant increase in profits for investors. According to the Global In/Out of the Money (GIOM) metric, Cardano is currently facing losses of approximately 1.7 billion ADA, which were purchased between $0.39 and $0.42. This $683 million supply has the potential to considerably impact the market.

However, if Cardano’s price manages to achieve a successful increase, this currently unprofitable supply could turn profitable. Consequently, more investors would likely be attracted to the asset, bolstering the overall resilience of ADA in a bearish market.

Hoskinson said that the crypto community has a crucial chance to strategically influence policy.

The Winklevoss twins and Messari CEO share Hoskinson’s dissatisfaction.

Cardano (ADA) co-founder Charles Hoskinson has voiced his disapproval of the current US administration’s stance on cryptocurrencies. He says that the crypto community has a crucial chance to strategically influence policy with their votes in the next elections.

The negative impact of President Joe Biden’s policies on the crypto sector has been vocalized by Charles Hoskinson. In what he calls “regulation by enforcement,” he emphasizes the government’s backing of the SEC’s tough regulatory strategies.

Moreover, the strategy has hindered innovation and triggered substantial job losses in the booming trillion-dollar sector, according to Charles Hoskinson.

Eyeing Favorable Regulatory Circumstances

He goes even further by saying that a Democratic primary would have shown Biden’s deteriorating competency, which he finds unacceptable. Hoskinson goes on to say that he isn’t happy with how the media has covered the story. Because it doesn’t do enough to make the government pay for their mistakes.

Furthermore, the Winklevoss twins and Messari CEO Ryan Selkis are among the prominent figures in the blockchain space who share Hoskinson’s dissatisfaction with the present regulatory climate and who endorse his position. Also, the increasing willingness of the crypto sector to actively impact policy is shown by the fact that CEOs from prominent businesses like Coinbase and Ripple (XRP) have elevated the crypto lobby to the status of a formidable political force.

Along with Hoskinson, these prominent figures are advocating for the crypto sector to be granted more favorable regulatory circumstances in order to flourish. The upcoming election results will largely influence how the crypto sector flourishes in the U.S.

Highlighted Crypto News Today:

Circle Becomes First EU-Approved Stablecoin Issuer Under MiCA

Ripple (XRP) price rally has been restricted by bears, leading to a decline in trading volume and volatility.

Despite the formation of a bullish pattern during the recent rebound, XRP’s price remains consolidated between $0.56 and $0.46.

The drop in trading activity, as evidenced by the steep descending trend in active address count since the start of 2024.

The bears have successfully managed to limit the XRP price rally below certain levels, resulting in diminished interest among traders in the token.

As both trading volume and volatility have decreased, the XRP price has maintained a steep descending trend, with no apparent signs of a bullish breakout on the horizon.

While the majority of cryptocurrencies concluded the quarterly trade on a bullish note, XRP appears to be grappling with the challenge of defending its lower support levels, raising concerns about the token’s upcoming price trajectory.

Will Ripple (XRP) Ever Reach $1?

Several key issues surrounding the XRP price have emerged, indicating a reduction in trading activity on the platform. However, certain metrics suggest that bulls might experience some relief in the coming days, presenting two possible scenarios that could unfold in July.

After an extended period of consolidation within a bearish pattern, the XRP price formed a bullish pattern during the recent rebound, signaling a potential bullish move that could propel the levels by more than 25% to 30%, reaching $0.55.

The XRP price has been confined within a range between $0.56 and $0.46 for over two months. The prices have lost traction, with levels bottoming out along the key support zone, seeking an opportunity to rise.

Despite the bullish signals flashed by the technical indicators, the drop in trading activity poses significant concerns. The active address count has been following a steep descending trend since the beginning of 2024, which may have contributed to the XRP price remaining restricted within a range.

Consequently, only a substantial influx of liquidity can increase the buying pressure, which, in turn, may lift the levels above the sluggish range.

Circle’s USDC and EURC are already in compliance with the new regulations.

The stablecoin issuer has decided to establish its European headquarters in France.

Circle CEO and co-founder Jeremy Allaire made the announcement on July 1 that the company has become the first EU stablecoin issuer to get regulatory clearance under the new Markets in Crypto-Assets (MiCA) framework.

To allay concerns that investors may be forced to liquidate their stablecoins or move their money to other digital assets only to be legal, Circle’s USDC and EURC are already in compliance with the new regulations, and this compliance takes effect immediately.

European Headquarter

Following this, Allaire made the announcement that Circle has decided to establish its European headquarter in France. The rationale for this decision was France’s progressive attitude towards digital asset legislation. As well as Circle’s collaboration with the French Prudential Supervision and Resolution Authority (ACPR).

Moreover, the press release states that the firm has been approved by the French ACPR to issue the USDC and EURC stablecoins as E-Money. The Circle Mint France provides users with access to the assets.

The co-founder of Circle also thought on how far digital assets have gone since their start. And how significant the EU’s legislative change was, given it was the first complete framework for such assets. Furthermore, a number of exchanges have introduced new stablecoin rules and updated their product lineups. This is in anticipation of the regulation change in the EU.

A stablecoin that prioritizes fungibility across networks and is issued from both the US and EU was previously considered by the business. Crypto users in industrial areas have praised the initiative, urging stakeholders and authorities to work together in a similar manner.

Highlighted Crypto News Today:

Binance Burns 1.7 Billion LUNC Tokens in Latest Burn Event

The exchange has burnt over 62 billion LUNC so far in total, after the 23rd batch.

Binance burnt 1.7 billion Terra Luna Classic (LUNC) tokens in the recent burn event.

In Monday’s most recent burn event, crypto exchange, Binance, burnt 1.7 billion Terra Luna Classic (LUNC) tokens. The exchange has burnt over 62 billion LUNC so far, after the 23rd batch of the LUNC burn mechanism.

According to the burn transaction that took place on July 1, Binance burnt 1.7 billion Terra Luna Classic (LUNC) tokens. The tax for the burn transaction was 8.5 million LUNC. The burn narrative is anticipated to be bolstered by the rollout of Tax2Gas this month.

Strong Support to Revive LUNC

In addition, the Terra Luna Classic community has burnt more than 125 billion LUNC tokens in total. Since its monthly LUNC burn mechanism began in 2022, Binance has maintained its support for the community’s efforts to revive Terra Luna Classic.

The 23rd LUNC burn mechanism batch Between May 31 and June 29, Binance burnt an immense amount of money in trading fees. Trading fees on the LUNC spot and margin trading pairs have caused Binance to burn over 61.99 billion Terra Luna Classic (LUNC) tokens.

The total burnt by the Terra Luna Classic community has risen beyond 125 billion LUNC due to Binance’s most recent burn. More than half of all LUNC burnt after the community gained control of the chain has been traded on Binance. Fewer transactions are the explanation for the low burn amount compared to the community.

Binance burnt 1.35 billion Terra Luna Classic (LUNC) tokens in the 22nd LUNC burn mechanism. For LUNC spot and margin trades, the exchange gave over $170,104 in trading fees for the 22nd batch.

Highlighted Crypto News Today:

Tether Enables USDT Payments for Philippines Social Security System

Consumers may now utilize AI to their advantage while making financial investments.

No information about the acquisition’s price has been made public.

The purchase of Pluto has been disclosed by Robinhood, a prominent player in the cryptocurrency market. Pluto is a revolutionary investment copilot powered by AI. In addition, the goal of this step is to improve the exchange’s products for individual investors by using powerful AI techniques. Therefore, consumers may now utilize AI to their advantage while making financial investments.

In a recent press release Mayank Agarwal, Vice President of Engineering at Robinhood stated:

“They have built an impressive platform that is highly regarded in the financial services industry. Importantly, their expertise in artificial intelligence coupled with a mission-aligned passion to democratize finance will complement our team’s effort to bring AI-powered tools to our customers.”

Competitive Edge

No information about the acquisition’s price has been made public. On the other hand, experts in the field think that Robinhood’s competitive advantage might be greatly boosted by the purchase. Investors looking for advanced tools are anticipated to be attracted to a broader selection of offerings. With the integration of Pluto’s advanced AI capabilities.

The innovative artificial intelligence (AI) technology developed by Pluto has been acknowledged by industry experts since CEO Jacob Sansbury took over. Furthermore, Sansbury declared his intention to join Robinhood with all enthusiasm.

Robinhood is the perfect place to develop solutions that use cutting-edge AI to make financial services like asset management and financial planning accessible to everyone, he said.

A plethora of real-time data is also provided by Pluto’s platform, which is meant to empower retail investors. Everything from headlines to stock prices to corporate reports and financials to the Securities and Exchange Commission (SEC) filings is at the user’s fingertips. Better financial selections may be made with the help of this extensive data.

Highlighted Crypto News Today:

Japan’s Metaplanet Buys $1.2M Worth Bitcoin, Signals Major Strategic Shift

BlockDAG continues to carve out a niche in the bustling cryptocurrency market. Today, we focus on its latest Development Update 59, which highlights essential enhancements in the Blockchain Explorer. With the testnet launch on the horizon, the DevOps team has introduced extensive logging features across all DevNet services. BlockDAG’s ecosystem leverages a distinctive technological foundation and a compelling presale initiative, featuring the quickest batch advancement, which leads experts to anticipate a market price of $30 by 2030.

Turn a $500 Investment into $2.2 Million by 2030 with BlockDAG

Leveraging a Directed Acyclic Graph (DAG) along with a hybrid consensus mechanism, BlockDAG guarantees secure and efficient transactions. This technological advantage distinguishes it within the crypto world, achieving an impressive transaction rate of 10 blocks per second while preventing orphan blocks. 

The upcoming mainnet launch, scheduled within a concise four-month period, highlights BlockDAG’s operational efficiency and dedication to blockchain advancement. BlockDAG’s robust ecosystem is engineered to enhance the development of Decentralized Applications (dApps), catering to a variety of sectors such as logistics, finance, and digital identity. The framework of BlockDAG is designed to be user-friendly, offering tools and APIs that facilitate easy engagement with the decentralised digital landscape.

Since its inception, BlockDAG’s presale has quickly accelerated, progressing through 19 batches and substantially raising its initial prices from $0.001 in Batch 1 to $0.014 in Batch 19. The presale has attracted investments exceeding $54.7 million and has distributed over 11.8 billion BDAG coins, showcasing a strong investor interest and commitment to BlockDAG’s capabilities and ecosystem.

Early investors have witnessed significant returns, with prices increasing by 1300% from the initial batch. As BlockDAG gears up for its mainnet launch, excitement and investor confidence are building. Analysts remain optimistic, projecting that BlockDAG’s value could reach $30 by 2030. An initial investment of $500 in Batch 19 at $0.014 could potentially yield returns exceeding $1.2 million, underscoring the opportunity for substantial financial growth in the near future. 

Dev Update 59: Key Infrastructure Upgrades for Blockchain Explorer

Development Update 59 presents pivotal infrastructure enhancements in BlockDAG’s setup for DevNet as it prepares for the forthcoming testnet launch in July. The DevOps team has significantly improved system reliability, scalability, and monitoring.

Major updates include the adoption of comprehensive logging across all services in DevNet, utilising tools like the ELK Stack for centralised log management. Logs are formatted uniformly (e.g., JSON) to allow for efficient querying and analysis. Real-time log analysis is now possible, with the capability to monitor vital log events and address issues swiftly. To optimise network traffic and system reliability, BlockDAG has implemented a sophisticated load-balancing solution that includes multiple load-balancer instances and SSL termination to boost backend server performance.

Advanced monitoring tools such as Prometheus for metrics collection and AlertManager for managing alerts have been integrated to ensure DevNet remains operational and efficient. Routine health checks across services aid in proactive issue detection and resolution. The use of Grafana offers customised dashboards for immediate visualisation of performance metrics and resource usage, facilitating quick identification and resolution of any performance issues. 

BlockDAG has also embraced technologies like Docker and Kubernetes for containerisation and orchestration, improving application deployment, scaling, and management. Terraform automates infrastructure provisioning, ensuring consistent and reliable deployments across different environments. Security is prioritised with the implementation of detailed IAM policies, network segmentation through Virtual Private Clouds (VPCs), and encryption of data at rest and in transit, highlighting BlockDAG’s commitment to a secure and efficient development environment for its blockchain explorer and infrastructure. 

Final Thought

BlockDAG’s unwavering dedication to innovation and excellence propels it forward in the cryptocurrency marketplace. The success of the presale, accumulating $54.7 million, and the detailed enhancements in Development Update 59 all demonstrate BlockDAG’s commitment to providing substantial value to its investors and users. 

As BlockDAG advances towards its mainnet launch, the prospects for growth and success appear significant. For investors and miners, BlockDAG offers an enticing opportunity to engage with a dynamic and progressive cryptocurrency ecosystem.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

Blast (BLAST) price prediction for 2024 is $4.8170 to $14.0864.

Blast (BLAST) price might reach $20 soon.

Blast (BLAST) price prediction for 2024 is $0.6154.

Blast (BLAST) price prediction 2024, 2025-2030, we will analyze the price patterns of BLAST by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.

TABLE OF CONTENTS INTRODUCTION

Blast (BLAST) Current Market Status

What is Blast (BLAST)?

Blast (BLAST) 24H Technicals

BLAST (BLAST) PRICE PREDICTION 2024

Blast (BLAST) Support and Resistance Levels

Blast (BLAST) Price Prediction 2024 — RVOL, MA, and RSI

Blast (BLAST) Price Prediction 2024 — ADX, RVI

Comparison ofBLAST with BTC, ETH

BLAST (BLAST) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ

Blast (BLAST) Current Market Status

Current Price $0.02119 24 – Hour Price Change 2.92% Down 24 – Hour Trading Volume $137,159,788 Market Cap $360,175,396 Circulating Supply 17,000,000,000 BLAST All – Time High $0.02943 (On Jun 27, 2024)   All – Time Low $0.01865 (On Jun 26, 2024)  

BLAST Current Market Status (Source: CoinMarketCap) What is Blast (BLAST) TICKER BLAST BLOCKCHAIN Blast CATEGORY DeFi Infrastructure LAUNCHED ON April 2021 UTILITIES Governance, Community Engagement, & Rewards.

Blast (BLAST) is a blockchain-based project designed to provide a high-speed and scalable infrastructure for decentralized applications (dApps) and blockchain solutions. Utilizing advanced consensus mechanisms, Blast aims to offer low-latency transactions and robust security, ensuring a seamless experience for developers and users alike. The project focuses on creating a flexible ecosystem that supports a wide range of applications, from financial services to gaming and supply chain management.

Launched with a mission to address the limitations of existing blockchain networks, Blast leverages innovative technologies to enhance transaction throughput and reduce costs. Its native token, BLAST, is integral to the platform, facilitating transactions, governance, and incentivizing network participants. By prioritizing scalability and efficiency, Blast aims to become a leading infrastructure provider in the blockchain space, supporting the next generation of decentralized applications and services.

Blast (BLAST) Price Prediction 2024

Blast (BLAST) ranks 153rd on CoinMarketCap in terms of its market capitalization. The overview of the BLAST price prediction for 2024 is explained below with a daily time frame.

BLAST/USDT Ascending Channel Pattern (Source: TradingView)

In the above chart, Blast (BLAST) laid out an ascending channel pattern. An ascending channel is the price action contained between upward-sloping parallel lines. Higher highs and higher lows characterize this price pattern. An ascending channel is used to show an uptrend in a security’s price. Ascending channels are short-term bullish in that a stock moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns.

At the time of analysis, the price of Blast (BLAST) was recorded at $0.02119. If the pattern trend continues, then the price of BLAST might reach the resistance levels of $0.022648 and $0.025487. If the trend reverses, then the price of BLAST may fall to the support of $0.021357, and $0.020097.

Blast (BLAST) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Blast (BLAST) in 2024.

BLAST/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Blast (BLAST) for 2024.

Resistance Level 1 $4.8170 Resistance Level 2 $14.0864 Support Level 1 $1.7173 Support Level 2 $0.6154

BLAST Resistance & Support Levels

Blast (BLAST) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Blast (BLAST) are shown in the chart below.

BLAST/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Blast (BLAST) market in 2024.

INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $4.3112Price = $1.8650(50MA > Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 26.1379<30 = Oversold50-70 = Neutral>70 = Overbought Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume

Blast (BLAST) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of Blast (BLAST) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

BLAST/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Blast (BLAST).

INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 28.6725 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 19.57<50 = Low>50 = High Low volatility

Comparison of BLAST with BTC, ETH

Let us now compare the price movements of Blast (BLAST) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs BLAST Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of BLAST is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BLAST also increases or decreases respectively.

Blast (BLAST) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Blast (BLAST) between 2025, 2026, 2027, 2028, 2029, and 2030.

Year  Bullish Price  Bearish Price Blast (BLAST) Price Prediction 2025 $23 $0.4 Blast (BLAST) Price Prediction 2026 $26 $0.35 Blast (BLAST) Price Prediction 2027 $30 $0.3 Blast (BLAST) Price Prediction 2028 $34 $0.25 Blast (BLAST) Price Prediction 2029 $37 $0.2 Blast (BLAST) Price Prediction 2030 $40 $0.15 

Conclusion

If Blast (BLAST) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Blast (BLAST) price prediction for 2024 is $14.0864. Comparatively, if unfavorable sentiment is triggered, the bearish Blast (BLAST) price prediction for 2024 is $0.6154. 

If the market momentum and investors’ sentiment positively elevate, then Blast (BLAST) might hit $20 Furthermore, with future upgrades and advancements in the BLAST ecosystem, BLAST might surpass its current all-time high (ATH) of $0.02943 and mark its new ATH.

FAQ

1. What is Blast (BLAST)?

Blast (BLAST) is a blockchain-based project designed to provide a high-speed and scalable infrastructure for decentralized applications (dApps) and blockchain solutions. 

2. Where can you buy Blast (BLAST)?

Blast (BLAST) can be traded on several exchanges including BitMart, Uniswap, PancakeSwap, Gate.io

3. Will Blast (BLAST) record a new ATH soon?

With the ongoing developments and upgrades within the Blast platform, Blast (BLAST) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Blast (BLAST)?

Blast (BLAST) hit its current all-time high (ATH) of $0.02943 on Jun 27, 2024

5. What is the lowest price of Blast (BLAST)

According to CoinMarketCap, BLAST hit its all-time low (ATL) of  $0.01865 on Jun 26, 2024.

6. Will Blast (BLAST) hit $20?

If Blast (BLAST) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $20 soon.

7. What will be the Blast (BLAST) price by 2025?

Blast (BLAST) price might reach $23 by 2025.

8. What will be the Blast (BLAST) price by 2026?

Blast (BLAST) price might reach $26 by 2026.

9. What will be the Blast (BLAST) price by 2027?

Blast (BLAST) price might reach $30 by 2027.

10. What will be the Blast (BLAST) price by 2028?

Blast (BLAST) price might reach $34 by 2028. 

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

There has been a total of $24.7 million wagered on the US presidential election.

In June, the trading volume of Polymarket surpassed $100 million for the first time.

Participants increased their wagers on the outcome of the US presidential election in June, driving the monthly trading volume of the decentralized predictions platform Polymarket above $100 million. Individual “Yes” or “No” bets across 17 prediction markets total $203.3 million in “Presidential Election Winner 2024” currently.

There has been a total of $24.7 million wagered on the US presidential election, with former president Donald Trump presently sitting atop the odds with 62%.

U.S Election Frenzy

Second with $23.9 million on the possibility of another term for incumbent Joe Biden. But after his unimpressive showing in the first presidential debate on June 28. Those odds have dropped from 34% to 21%.

Moreover, politicians questioned if Joe Biden should withdraw from the presidential contest. Which increased the chances in favor of Democratic candidates Gavin Newsom, Kamala Harris, and Michelle Obama. Furthermore, millions of dollars have been wagered on various election-related betting markets.

A surge in “Yes” bets on “Biden drops out of presidential race” and “Biden drops out by July 4” markets, with 43% and 9% of the total, respectively, has been prompted by Biden’s recent performance in the debates. There have been wagers in such markets totaling over $10 million.

Also, markets have placed millions of dollars on the possibility that American rapper Kanye West or crypto skeptic Elizabeth Warren may become president. Although their odds are now less than one percent.

Dune Analytics data shows that in June, the trading volume of Polymarket, an Ethereum sidechain built on Polygon, surpassed $100 million for the first time. There was a 620% rise in trading volumes from August to December 2023 to January–May. With volumes ranging from $38.9 million to $63 million.

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Is Ethereum (ETH) on the Verge of a Price Correction?

In total, the acquisition of 161.3 BTC till now by Metaplanet is valued at 1.65 billion yen.

The average buying price for one bitcoin from the firm is 10,231,438 yen, or $62,741.

The Japanese investment firm Metaplanet purchased $1.2 million worth Bitcoin. Thus, adding to its recent spree of buying Bitcoins. In total, the acquisition of 161.3 Bitcoin (BTC) till now by Metaplanet is valued at 1.65 billion yen. 

The average buying price for one bitcoin from the firm is 10,231,438 yen, or $62,741. In June, Metaplanet used a strategy similar to MicroStrategy and issued a $7 million bond to finance Bitcoin acquisitions. This move follows in the same vein.

Moreover, with the value of the yen falling, Japanese companies may be taking steps like Metaplanet’s to hedge their bets against more currency depreciation.

Major Strategic Shift

A watershed moment has arrived for Metaplanet. As its shareholders have recently adopted a number of important proposals at a general meeting. The leadership, share structure, and fundamental direction of the firm will be altered as a result of the choices taken on June 28, 2024.

A significant change in Metaplanet’s trajectory was signaled by the approval of four key agenda items at the June 28, 2024, extraordinary general meeting of shareholders. As a first step, the company’s Articles of Incorporation were revised to reflect its revised strategic objective on the use of Bitcoin for treasury management.

A share consolidation plan was also accepted by the shareholders. This plan would reduce the total number of authorized shares to 22,823,794 and consolidate 10 common shares into 1. The plan is set to take effect on August 1, 2024. But the meeting also green-lit a 65 million share increase to the total authorized shares, increasing the company’s power to issue shares.

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In today’s digital age, the opportunity to earn money from home has become increasingly accessible. With the right strategies and tools, anyone can create a steady income without leaving their home. Here are seven simple ways to make money from home in 2024, all of which are legal and legitimate.

1. Free Cloud Mining with GDMining

What is Cloud Mining?

Cloud mining is a process where you can mine cryptocurrencies without owning or maintaining any hardware. Instead, you rent mining power from a company that operates mining farms with specialized hardware. This allows you to participate in cryptocurrency mining without the technical know-how or the upfront costs of purchasing mining equipment.

How Can You Profit from Cloud Mining?

By investing in a cloud mining contract, you essentially buy a portion of the mining power provided by the mining farm. The mining profits generated from this power are then shared with you. The returns depend on factors like the cryptocurrency mined, market prices, and the efficiency of the mining operation.

Why Choose GDMining?

GDMining is one of the world’s leading cloud mining platforms. Known for its reliability and user-friendly interface, GDMining offers a variety of mining plans to cater to different investment levels. One of the platform’s biggest advantages is offering free cloud mining contracts. Upon successful registration, each user receives a $50 bonus, which can be used to participate in free cloud mining and earn daily profits.

2. Freelancing

Freelancing is an excellent way to monetize your skills and expertise. Platforms like Upwork, Fiverr, and Freelancer connect freelancers with clients worldwide. Whether you are a writer, designer, developer, or marketer, there’s a market for your skills. The flexibility of freelancing allows you to set your rates and work hours, making it a popular choice for many.

3. Online Tutoring

If you have expertise in a particular subject, online tutoring can be a rewarding way to earn money. Websites like VIPKid, Chegg Tutors, and Tutor.com offer platforms where you can teach students of all ages. This can be particularly lucrative for subjects like math, science, and languages.

4. Selling Handmade Goods

Platforms like Etsy provide a marketplace for selling handmade goods. Whether you create jewelry, crafts, clothing, or art, you can reach a global audience. The key to success on platforms like Etsy is to offer unique, high-quality products and excellent customer service.

5. Dropshipping

Dropshipping is an e-commerce model that allows you to sell products without holding any inventory. You set up an online store, list products from suppliers, and when an order is placed, the supplier ships the product directly to the customer. This method minimizes risk and investment, making it a popular choice for entrepreneurs. Shopify and WooCommerce are excellent platforms to start your dropshipping business.

6. Content Creation

Creating content for platforms like YouTube, TikTok, and Instagram can be highly profitable. By building a substantial following, you can earn money through ad revenue, sponsorships, and merchandise sales. Consistency and creativity are key to growing your audience and monetizing your content.

7. Online Surveys and Market Research

Participating in online surveys and market research can be an easy way to make some extra cash. Websites like Swagbucks, Survey Junkie, and Vindale Research pay users for their opinions on various products and services. While this won’t make you rich, it’s a simple way to earn money in your spare time.

Conclusion

Earning money from home has never been easier with the array of opportunities available today. Whether through cloud mining with GDMining, freelancing, online tutoring, or any of the other methods listed, you can find a way to generate income that suits your skills and lifestyle. The key is to start with a reliable and legitimate platform, be consistent, and keep exploring new opportunities.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Ethereum is trading at $3.4K, up by 4.87% over the past week.

The largest altcoin’s daily trading volume is up by 51.96% in 24 hours.

The crypto market is slightly recovering from the bearish momentum, and Ethereum (ETH), the largest-capped altcoin has increased by 2.75% in the last 24 hours, with the price at $3,477. 

Amid the market fluctuations, an Ethereum whale transferred 7,000 ETH valued at $24.28 million, to the crypto exchange Kraken after 209 days of inactivity. The whale participated in the Ethereum Initial Coin Offering (ICO) in 2015. Despite the transfer, the whale still holds 40,000 ETH, worth $139.5 million.

According to Arkham Intelligence data, the U.S. government transferred 3,375 Ethereum, three hours ago, valued at approximately $11.75 million. The total holdings of the U.S. government are 50.524K ETH, worth $175 million.

The transfer was followed by the Spot Ether ETF S-1 filings. Meanwhile, the U.S. SEC has returned the S-1 forms for further review and amendment before the approval process and suggested refiling by July 8.

Can ETH Break the Upcoming Resistance?

Over the past week, ETH was up by 4.87%. However, in the last month, it has seen an 8.41% decline. The daily relative strength index (RSI) stays in the 48.74 range, indicating the asset is approaching the neutral zone.

ETH price chart (Source: TradingView)

Analyzing the 24-hour price chart, if there is a recovery wave, the price could face a key resistance in the $3,695 range. If the bullish trend persists, the next major resistance level to be found is between $3,730 – $3,796. Furthermore, the higher target might be at the $4K range. 

Conversely, if Ethereum’s price fails to climb above the resistance zone, it may drop to immediate support near the $3,338 level. The second subsequent support may seemingly be found at $3.284. Any more losses might send the price toward the $3,247 support zone. 

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Mog Coin Overtakes BOME with 100% Surge in Market Cap

Tether and Uquid enable Filipino citizens to pay Social Security System contributions using USDT.

Uquid’s infrastructure and crypto payment support expand crypto use beyond traditional finance.

Tether, the world’s largest stablecoin issuer, has launched a new payment option for Filipino citizens. Through a partnership with Web3 firm Uquid, Tether now enables citizens in the Philippines to settle their Social Security System (SSS) contributions using USDT, a stablecoin pegged to the US dollar, on The Open Network blockchain (TON).

The Social Security System of the Philippines, a crucial state-managed insurance program covering employees across the formal, informal, and private sectors, has embraced this initiative. This move underscores Tether and Uquid’s commitment to integrating digital currencies into daily financial transactions, highlighting the potential for stablecoins like USDT to streamline payment processes and bolster financial inclusion.

Uquid, known for its decentralized commerce infrastructure. That leveraging blockchain technology and decentralized finance (DeFi), boasts a substantial user base exceeding 260 million globally. 

This collaboration marks the advancing adoption of crypto in everyday transactions. That showcasing how digital assets can enhance accessibility and efficiency in financial services globally.

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Today, the global cryptocurrency market has shifted to a positive trend, with memecoins making significant strides. Among these, Mog Coin (MOG), an Ethereum-based memecoin, has seen a substantial increase in value, outpacing its competitor, BOOK OF MEME (BOME), in market cap and hitting an all-time high of $0.000002095.

Mog Coin (MOG) Price Chart (Source: TradingView )

Over the past week, MOG’s market capitalization surged by over 100%, marking waves in its performance. This comes after a bearish start, where the coin dropped by 11.07% on June 23. 

However, it rebounded with a remarkable 45.32% increase on June 24 and 25, driven by heightened social media activity. Following this, on June 29, the rally was confirmed by Whale Insider, solidifying Mog Coin’s position as the largest cat-themed memecoin by market cap.

Mog Coin 24-H Stats 

In the past 24 hours, the Mog Coin price has surged by 18%, reaching a market cap of $716 million. Currently, the memecoin is trading at $0.000001722, placing it at rank 97.

Further, weekly data shows an 80% increase, and inflows have surged by 120% over the past 14 days. This upward trend has led to bullish predictions for Mog Coin, with some speculating it could surpass other prominent memecoins like BONK. Despite this, daily trading volume has decreased by 11.75% to $44 million, suggesting potential consolidation even as investor confidence remains high. 

However, crypto experts predict that this cryptocurrency might be entering overbought territory due to its rapid price rally.

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