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XRP Ledger Ready to Adopt Tokenized Gold, Silver in Q3, 2024, Cardano on Verge of "Most Significant"
Curious about the weekend's crypto news? Read @WISE CRYPTO NEWS 's news digest and stay informed!
Contents
XRP Ledger ready to adopt tokenized gold, silver in Q3, 2024
Cardano on verge of "most significant" milestone in its history
Ancient ETH whale wakes up, moves money to Kraken
Take a closer look at the weekend's top three news stories with @WISE CRYPTO NEWS .
XRP Ledger ready to adopt tokenized gold, silver in Q3, 2024
As became known from the official X announcement, Meld Gold has established a partnership with Ripple, a San Francisco-based fintech company. As part of the partnership, Meld Gold will launch two new #Stablecoins backed by silver and gold on $XRP
Ledger. Per the company's Medium post, each token will represent one gram of the precious metal held by leading custody providers MKS Pamp and Imperial Vaults. The tokens are expected to go live on #XRPledger in Q3, 2024. Meld Gold CEO Michael Cotton underscored the importance of this release, saying "Integrating XRPL as the second blockchain alongside Algorand is another step towards delivering unmatched access to assets such as gold and silver with industry-leading technologies."
Cardano on verge of "most significant" milestone in its history
In a recent X post, Cardano founder Charles Hoskinson stated that June will be the month that Cardano Node reaches 9.0. This means that Cardano is ready for the Chang fork, and 70% of stake pool operators (SPOs) are now supposed to install the new node. Then, Cardano can be pushed into the Age of Voltaire with the help of the occurring hard fork. Hoskinson believes that the Voltaire phase is "the most significant milestone in the history of Cardano and for the industry as a whole," as in that phase, Cardano is expected to boost the level of the ecosystem's decentralization and transparency. "Cardano will be a decentralized civilization spanning the entire world with millions of residents. We'll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us," wrote the founder.
Ancient ETH whale wakes up, moves money to Kraken
According to Colin Wu's report from Saturday, June 8, an unknown Ethereum whale who received 67,000 ETH from the Ethereum Foundation address back in 2015 transferred 15,200 ETH to Kraken. The transaction occurred on June 7 and is evaluated at $56.1 million. Most of the transfer was immediately exchanged for 4.81 million DAI, averaging $2,725 per ETH. Per Wu's X post, this address received 200,000 ETH (probably participating in the ICO) in the Ethereum Genesis block. Currently, the account still holds about 41,000 ETH worth an astonishing $152.3 million. It was only the third transaction of this account since 2022. In 2020-2021, the account sent a large amount of crypto to centralized #exchanges : it moved approximately 150,000 $ETH , or about $553 million, in six transfers.
#BTC #IOprediction
Contents
XRP Ledger ready to adopt tokenized gold, silver in Q3, 2024
Cardano on verge of "most significant" milestone in its history
Ancient ETH whale wakes up, moves money to Kraken
Take a closer look at the weekend's top three news stories with @WISE CRYPTO NEWS .
XRP Ledger ready to adopt tokenized gold, silver in Q3, 2024
As became known from the official X announcement, Meld Gold has established a partnership with Ripple, a San Francisco-based fintech company. As part of the partnership, Meld Gold will launch two new #Stablecoins backed by silver and gold on $XRP
Ledger. Per the company's Medium post, each token will represent one gram of the precious metal held by leading custody providers MKS Pamp and Imperial Vaults. The tokens are expected to go live on #XRPledger in Q3, 2024. Meld Gold CEO Michael Cotton underscored the importance of this release, saying "Integrating XRPL as the second blockchain alongside Algorand is another step towards delivering unmatched access to assets such as gold and silver with industry-leading technologies."
Cardano on verge of "most significant" milestone in its history
In a recent X post, Cardano founder Charles Hoskinson stated that June will be the month that Cardano Node reaches 9.0. This means that Cardano is ready for the Chang fork, and 70% of stake pool operators (SPOs) are now supposed to install the new node. Then, Cardano can be pushed into the Age of Voltaire with the help of the occurring hard fork. Hoskinson believes that the Voltaire phase is "the most significant milestone in the history of Cardano and for the industry as a whole," as in that phase, Cardano is expected to boost the level of the ecosystem's decentralization and transparency. "Cardano will be a decentralized civilization spanning the entire world with millions of residents. We'll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us," wrote the founder.
Ancient ETH whale wakes up, moves money to Kraken
According to Colin Wu's report from Saturday, June 8, an unknown Ethereum whale who received 67,000 ETH from the Ethereum Foundation address back in 2015 transferred 15,200 ETH to Kraken. The transaction occurred on June 7 and is evaluated at $56.1 million. Most of the transfer was immediately exchanged for 4.81 million DAI, averaging $2,725 per ETH. Per Wu's X post, this address received 200,000 ETH (probably participating in the ICO) in the Ethereum Genesis block. Currently, the account still holds about 41,000 ETH worth an astonishing $152.3 million. It was only the third transaction of this account since 2022. In 2020-2021, the account sent a large amount of crypto to centralized #exchanges : it moved approximately 150,000 $ETH , or about $553 million, in six transfers.
#BTC #IOprediction
Solana Blocks Validator Group for "Sandwich Attacks"
🚫 Solana has blocked a group of validators for participating in "sandwich attacks" on #Network users.
👀 Anyone caught engaging in such activities will be removed from the program, and any stake will be immediately and permanently deleted.
🥪 A "sandwich attack" is a common market manipulation tactic on DEX #exchanges . Traders monitor the mempool for large orders that will likely raise the asset price. They buy the asset at a lower price, pushing their transaction through with a higher fee, then sell at a profit after the price increases. This process is automated and takes just seconds.
#TopCoinsJune2024 #IOprediction #BTC
🚫 Solana has blocked a group of validators for participating in "sandwich attacks" on #Network users.
👀 Anyone caught engaging in such activities will be removed from the program, and any stake will be immediately and permanently deleted.
🥪 A "sandwich attack" is a common market manipulation tactic on DEX #exchanges . Traders monitor the mempool for large orders that will likely raise the asset price. They buy the asset at a lower price, pushing their transaction through with a higher fee, then sell at a profit after the price increases. This process is automated and takes just seconds.
#TopCoinsJune2024 #IOprediction #BTC
Over the period of time, crypto charts patterns have been changed by Exchanges or manipulated.
Previously everyone used to follow charts but since exchanges are busy manipulating crypto prices, they have disrespected most chart patterns that they teach themselves in this training...
Exchanges are making this crypto industry fall big time and major reason why Bitcoin is just becoming ordinary
What a shame #exchanges #cex
Previously everyone used to follow charts but since exchanges are busy manipulating crypto prices, they have disrespected most chart patterns that they teach themselves in this training...
Exchanges are making this crypto industry fall big time and major reason why Bitcoin is just becoming ordinary
What a shame #exchanges #cex
🔷 Scenarios and Goals for Ethereum by 2030 from #VanEck :
▪️Base Case: $22,000
▪️Bullish Case: $154,000
▪️Bearish Case : $360
"We anticipate that spot ether ETFs are nearing approval to trade on U.S. stock #exchanges "
"This would allow financial advisors and institutional #investors to hold this unique asset."
👀 Read the full report here.
#Binance55thProject(IO) #BnbAth
▪️Base Case: $22,000
▪️Bullish Case: $154,000
▪️Bearish Case : $360
"We anticipate that spot ether ETFs are nearing approval to trade on U.S. stock #exchanges "
"This would allow financial advisors and institutional #investors to hold this unique asset."
👀 Read the full report here.
#Binance55thProject(IO) #BnbAth
Cardano #skyrocket s 28% in Volume as ADA Price Eyes Epic Breakout
Cardano explodes epic 28% in volume, while ADA price eyes breakout
According to CoinGlass, the volume of derivatives trading on the popular cryptocurrency Cardano (ADA) has increased by 28.9% over the past 24 hours. Thus, as the data reports, perpetual futures on the Cardano token reached $362.30 million over the past 24 hours.
Moreover, according to CoinMarketCap, the volume of ADA trading on spot markets among all #exchanges amounted to $306.29 million during the period under review. Thus, the total trading volume of Cardano token on spot and derivatives markets amounted to $668 million over the past day.
It is interesting to note that unlike the futures market for the Cardano token, the volume on the spot market did not increase over the 24-hour period but actually decreased slightly. This suggests that ADA trading was mainly on the open futures market and was more speculative than investing in nature.
Cardano (ADA) price outlook
And there is plenty of room for speculation with Cardano. Looking at the price chart of ADA, we can see that first, the price of the token increased today, and second, it reached the key level of $0.46, which unfortunately it could not overcome.
ADA to USD by #CoinMarketCap
This zone represents a strong price ceiling for the popular cryptocurrency, which it has not been able to break for a long time. Against this backdrop, jokes even began to appear that ADA is a stablecoin that costs $0.45. If Cardano is able to break through this mark, or rather $ADA buyers bring the token to the zone above, the jokes would quickly end.
#StartInvestingInCrypto #BNBCrossing660
Cardano explodes epic 28% in volume, while ADA price eyes breakout
According to CoinGlass, the volume of derivatives trading on the popular cryptocurrency Cardano (ADA) has increased by 28.9% over the past 24 hours. Thus, as the data reports, perpetual futures on the Cardano token reached $362.30 million over the past 24 hours.
Moreover, according to CoinMarketCap, the volume of ADA trading on spot markets among all #exchanges amounted to $306.29 million during the period under review. Thus, the total trading volume of Cardano token on spot and derivatives markets amounted to $668 million over the past day.
It is interesting to note that unlike the futures market for the Cardano token, the volume on the spot market did not increase over the 24-hour period but actually decreased slightly. This suggests that ADA trading was mainly on the open futures market and was more speculative than investing in nature.
Cardano (ADA) price outlook
And there is plenty of room for speculation with Cardano. Looking at the price chart of ADA, we can see that first, the price of the token increased today, and second, it reached the key level of $0.46, which unfortunately it could not overcome.
ADA to USD by #CoinMarketCap
This zone represents a strong price ceiling for the popular cryptocurrency, which it has not been able to break for a long time. Against this backdrop, jokes even began to appear that ADA is a stablecoin that costs $0.45. If Cardano is able to break through this mark, or rather $ADA buyers bring the token to the zone above, the jokes would quickly end.
#StartInvestingInCrypto #BNBCrossing660
How the Major Exchange Coins / Tokens performed in May:
CEXs
Gainers: Up by 📈
🔵 BGB (Bitget): Up by 19%
🟡 $BNB (Binance): Up by 7.9%
🔵 GT (Gate. io ): Up by 4.7%
🟡 LEO (Bitfinex): Up by 2.2%
Losers: Down by 📉
⚫️ WBT (WhiteBIT): Down by 1.1%
🟢 KCS (KuCoin): Down by 1.1%
⚪️ OKB (OKX): Down by 7.1%
🔵 HT (Huobi): Down by 8.5%
🔵 MX (MEXC): Down by 13.7%
🔵 CRO (Crypto. com): Down by 16.1%
DEXs
Gainers: Up by 📈
🦄 UNI (Uniswap): Up by 28.7%
🎠 1INCH (1inch Network): Up by 22.6%
®️ RUNE (Thorchain): Up by 13,2%
🐦⬛ GNO (Gnosis): Up by 10.5%
🍣 SUSHI (SushiSwap): Up by 8.9%
🪐 JUP (Jupiter): Up by 2.1%
🧁 CAKE (PancakeSwap): Up by 0.9%
Losers: Down by 📉
🗼 XLM (Stellar): Down by 3.8%
📐 LRC (Loopring): Down by 4,4%
🍵 $OSMO (Osmosis): Down by 5,4%
Numbers are according to CoinGecko (3.05/3.06 - 10:30 UTC)
$UNI is the champion of the month
$CRO is the loser of the month
#exchanges #BNB_Market_Update #Uniswap’s
CEXs
Gainers: Up by 📈
🔵 BGB (Bitget): Up by 19%
🟡 $BNB (Binance): Up by 7.9%
🔵 GT (Gate. io ): Up by 4.7%
🟡 LEO (Bitfinex): Up by 2.2%
Losers: Down by 📉
⚫️ WBT (WhiteBIT): Down by 1.1%
🟢 KCS (KuCoin): Down by 1.1%
⚪️ OKB (OKX): Down by 7.1%
🔵 HT (Huobi): Down by 8.5%
🔵 MX (MEXC): Down by 13.7%
🔵 CRO (Crypto. com): Down by 16.1%
DEXs
Gainers: Up by 📈
🦄 UNI (Uniswap): Up by 28.7%
🎠 1INCH (1inch Network): Up by 22.6%
®️ RUNE (Thorchain): Up by 13,2%
🐦⬛ GNO (Gnosis): Up by 10.5%
🍣 SUSHI (SushiSwap): Up by 8.9%
🪐 JUP (Jupiter): Up by 2.1%
🧁 CAKE (PancakeSwap): Up by 0.9%
Losers: Down by 📉
🗼 XLM (Stellar): Down by 3.8%
📐 LRC (Loopring): Down by 4,4%
🍵 $OSMO (Osmosis): Down by 5,4%
Numbers are according to CoinGecko (3.05/3.06 - 10:30 UTC)
$UNI is the champion of the month
$CRO is the loser of the month
#exchanges #BNB_Market_Update #Uniswap’s
#Cryptocurrency exchanges now hold the equivalent of less than $30 billion in #stabelcoins the lowest total since December 2021.
In the past four months, nearly $15 billion in stabelcoins have been withdrawn from #exchanges
In the past four months, nearly $15 billion in stabelcoins have been withdrawn from #exchanges
🆘There is a large amount of #stablecoin inflows to #spot #exchanges
📌 Stablecoins entering the spot exchanges are only used for purchase
Share with your friends
📌 Stablecoins entering the spot exchanges are only used for purchase
Share with your friends
Already more bitcoins have not moved in a decade than circulating in #exchanges
The number of bitcoins that have not moved in a decade exceeds those circulating on exchanges, according to a Glassnode chart.
#nftcommunity #crypto2023 #Binance
The number of bitcoins that have not moved in a decade exceeds those circulating on exchanges, according to a Glassnode chart.
#nftcommunity #crypto2023 #Binance
JUST IN - The Government of #India 🇮🇳 announced that all crypto businesses will be subject to the Prevention of Money Laundering Act 2022.
Indian #cryptocurrency #exchanges would now be required to report suspicious activity to FIU-IND.
Indian #cryptocurrency #exchanges would now be required to report suspicious activity to FIU-IND.
Indian crypto exchanges lose 34-50% of trading volumes following FTX collapse.
Result of not releasing Proof of Reserves and not making Wallet addresses public!
This proves Indian crypto investors are boycotting exchanges not providing POR and WA.
#india #crypto #exchanges
Result of not releasing Proof of Reserves and not making Wallet addresses public!
This proves Indian crypto investors are boycotting exchanges not providing POR and WA.
#india #crypto #exchanges
Introduction to the world of crypto
With this short summary, we introduce you to the mysteries of the crypto world.
Cryptocurrencies are getting more and more attention these days and more and more people are starting to wonder what they are really about.
If you didn't know much about them until now, the name of Bitcoin may be familiar, as it is the first, most valuable and well-known cryptocurrency of all. But not the only one.
Cryptocurrencies
Cryptocurrency is a decentralized digital payment instrument that was specially invented for online use. The biggest advantage of crypto technology is that you can send money online, anywhere in the world, at any time and almost immediately, without using any intermediary (bank or payment procedure), all at a fairly low price.
Cryptocurrency ecosystems are user-centered systems that are free and open source. Practically anyone who knows how to do it can connect to the system.
Blockchains
All transactions are verified and authenticated by blockchain technology. This is very similar to the bank balance sheet or ledger used by banks.
Each currency has its own blockchain, in which each transaction can be tracked. However, unlike banks, these transactions can be viewed by anyone who is a member of the given digital currency community.
Mining
Cryptocurrency mining is a mechanism that updates and secures the network by constantly checking the public blockchain ledger and adding new transactions. The name itself is named after gold mining, as the conditions are very similar.
Technically, anyone can become a "miner" with a computer with adequate computing power and an Internet connection. This mechanism is called "proof-of-work".
During "proof-of-work" mining, users have to solve complex mathematical and computing tasks, which ensure the authenticity and security of transactions on the blockchain.
The more power someone provides, the greater the chance of successfully "mining" a block.
Cryptocurrency exchanges
The easiest way to acquire cryptocurrencies is to buy them through an online exchange.
There are three main types of cryptocurrency exchanges: centralized, decentralized, and hybrid .
A centralized cryptocurrency exchange is a platform where cryptocurrency can be bought and sold, all with the help of a third party that performs these transactions. On a centralized exchange, you can use traditional, also known as fiat currency, such as dollars, to execute trades, as well as trade the cryptocurrency itself.
Decentralized exchanges, or DEXs for short , are more in line with the spirit of crypto. This is because these exchanges allow crypto investors to trade directly with each other without an intermediary. In theory, DEXs can be more secure as there is no central platform to hack. Because the platform can be used without the use of a third party, lower fees and faster transaction speeds can be found on DEXs.
Hybrid exchanges are less common than centralized or decentralized exchanges. They aim to combine the features of both, such as the liquidity of a centralized exchange and the security and anonymity of DEXs.
Why is the crypto world becoming more and more popular?
It can be explained in one word: growth. Investors are interested in cryptocurrencies because they hold a huge potential for value growth and also bring with them the potential transformation of the financial system.
When Bitcoin first launched in January 2009, few thought that a single BTC would be worth more than $65,000, or that a digital currency would inspire the creation of thousands more. But that's what happened. In just 14 years, cryptocurrencies have grown from a financial fad to an entirely new market sector worth trillions of dollars.
Although cryptocurrencies are still largely unregulated and limited in their use as actual means of payment, there is a growing sense that they have opened a new door to many possibilities and technologies.
For more content, follow us here, on Twitter, or visit our blog.
#cryptocurrency #blockchain #cryptomining #exchanges
Cryptocurrencies are getting more and more attention these days and more and more people are starting to wonder what they are really about.
If you didn't know much about them until now, the name of Bitcoin may be familiar, as it is the first, most valuable and well-known cryptocurrency of all. But not the only one.
Cryptocurrencies
Cryptocurrency is a decentralized digital payment instrument that was specially invented for online use. The biggest advantage of crypto technology is that you can send money online, anywhere in the world, at any time and almost immediately, without using any intermediary (bank or payment procedure), all at a fairly low price.
Cryptocurrency ecosystems are user-centered systems that are free and open source. Practically anyone who knows how to do it can connect to the system.
Blockchains
All transactions are verified and authenticated by blockchain technology. This is very similar to the bank balance sheet or ledger used by banks.
Each currency has its own blockchain, in which each transaction can be tracked. However, unlike banks, these transactions can be viewed by anyone who is a member of the given digital currency community.
Mining
Cryptocurrency mining is a mechanism that updates and secures the network by constantly checking the public blockchain ledger and adding new transactions. The name itself is named after gold mining, as the conditions are very similar.
Technically, anyone can become a "miner" with a computer with adequate computing power and an Internet connection. This mechanism is called "proof-of-work".
During "proof-of-work" mining, users have to solve complex mathematical and computing tasks, which ensure the authenticity and security of transactions on the blockchain.
The more power someone provides, the greater the chance of successfully "mining" a block.
Cryptocurrency exchanges
The easiest way to acquire cryptocurrencies is to buy them through an online exchange.
There are three main types of cryptocurrency exchanges: centralized, decentralized, and hybrid .
A centralized cryptocurrency exchange is a platform where cryptocurrency can be bought and sold, all with the help of a third party that performs these transactions. On a centralized exchange, you can use traditional, also known as fiat currency, such as dollars, to execute trades, as well as trade the cryptocurrency itself.
Decentralized exchanges, or DEXs for short , are more in line with the spirit of crypto. This is because these exchanges allow crypto investors to trade directly with each other without an intermediary. In theory, DEXs can be more secure as there is no central platform to hack. Because the platform can be used without the use of a third party, lower fees and faster transaction speeds can be found on DEXs.
Hybrid exchanges are less common than centralized or decentralized exchanges. They aim to combine the features of both, such as the liquidity of a centralized exchange and the security and anonymity of DEXs.
Why is the crypto world becoming more and more popular?
It can be explained in one word: growth. Investors are interested in cryptocurrencies because they hold a huge potential for value growth and also bring with them the potential transformation of the financial system.
When Bitcoin first launched in January 2009, few thought that a single BTC would be worth more than $65,000, or that a digital currency would inspire the creation of thousands more. But that's what happened. In just 14 years, cryptocurrencies have grown from a financial fad to an entirely new market sector worth trillions of dollars.
Although cryptocurrencies are still largely unregulated and limited in their use as actual means of payment, there is a growing sense that they have opened a new door to many possibilities and technologies.
For more content, follow us here, on Twitter, or visit our blog.
#cryptocurrency #blockchain #cryptomining #exchanges
FTX REVIVAL: THE ONLY WAY TO PLUG THE $2 BILLION HOLE
The latest statements from John Ray III, the interim CEO of FTX in charge of the bankruptcy process, would imply a future restart of the crypto exchange.
Obviously, we're talking about a reboot here under a brand new label. No more Sam Bankman-Fried escapades, the new exchange would be under the leadership of a new boss, under close surveillance by regulators.
Even the name “FTX” would be dropped. There is therefore no chance of seeing an “FTX 2.0” spring up like a flower in the coming months 😎. For a proper restart, the exchange will have to leave behind its sulphurous image. And for that, the best way is still to change your name.
#exchanges #crypto2023 #dyor🙏
The latest statements from John Ray III, the interim CEO of FTX in charge of the bankruptcy process, would imply a future restart of the crypto exchange.
Obviously, we're talking about a reboot here under a brand new label. No more Sam Bankman-Fried escapades, the new exchange would be under the leadership of a new boss, under close surveillance by regulators.
Even the name “FTX” would be dropped. There is therefore no chance of seeing an “FTX 2.0” spring up like a flower in the coming months 😎. For a proper restart, the exchange will have to leave behind its sulphurous image. And for that, the best way is still to change your name.
#exchanges #crypto2023 #dyor🙏
Shytoshi Kusama and Shiba Inu (SHIB) Team Plan to Integrate Shibarium With CEXes: Details
#Web3Wallet The mysterious and charismatic leader of the ShibaInu developer team, known to SHIB holders as Shytoshi Kusama, has shared that the SHIB team has made "some new friends" and are actively discussing the integration of Shibarium with CEXes – centralized #exchanges – to happen in the future.He did not provide any further details of those discussions, just answering a question from a $SHIB user on Shibarium Tech – the official Shibarium channel on Telegram where users can communicate with Shytoshi Kusama, some of his developers or SHIB admins, asking them various questions and getting first-hand answers.Image via Telegram channel "Shibarium Tech"Shytoshi praises new Shibarium-based DEXIn a recent X post, Shytoshi Kusama extended support to decentralized exchange (DEX) Marswap recently launched on the Layer-2 blockchain Shibarium. He first gave the founder praise in a message on Telegram, saying that he has known this person for a while and pretty much trusts him: "I think Ian is doing a great job. I've known him for a while. Still DYOR of course but I trust him more than most."Earlier today, Shytoshi published a comment on the X app with an encouraging emoji ("Heart of fire") under a tweet of Marswap where it stated that they had just managed to conduct a direct transaction, buying BONE directly from a bank account, paying in fiat for it, and then sold it back to a PayPal account.Marswap positions itself as a DEX on Shibarium, a DeFi platform on Ethereum, and in general it offers "customizable solutions for utility creation and optimization on both the Ethereum and Shibarium networks."Shibarium transaction count increasesAccording to Shibariumscan explorer, over the weekend, the Shibarium blockchain experienced a significant growth in transactions – approximately 100,000 over the past two days.Now, the total transaction count stands at 3,905,537, coming close to the 4,000,000 record. The current number of daily transactions constitutes 10,880, with a recent peak of 62,570 reached on Oct. 25.#Web3Wallet #Poloniex #DeFiChallenge #bitcoinhalving
