New York, United States, June 19th, 2024, Chainwire

 io.net, a leader in decentralized compute networks, has formed a strategic partnership with OpSec, known for its advanced privacy-focused cloud solutions. This collaboration aims to integrate io.net’s decentralized GPU resources with OpSec’s innovative cloud infrastructure to streamline and improve cloud operations for developers and enterprises.

Through this partnership, io.net and OpSec will develop a proof-of-concept that demonstrates how OpSec’s nodes can be efficiently deployed across io.net’s distributed network. This initiative is expected to significantly improve the scalability and accessibility of cloud resources, providing robust support for a wide array of machine learning models and cloud-based applications.

The roadmap for this collaboration begins with the immediate development of the integration proof-of-concept, followed by extensive scalability testing to ensure a seamless developer experience. This phased approach ensures meticulous attention to detail and alignment with both companies’ standards for quality and performance.

[OpSec], Chris Williams CBDO of OpSec, noted, “Partnering with io.net enables us to amplify our cloud solutions, merging our strengths to provide unparalleled infrastructure for our users.”

Tausif Ahmed, VP of Business Development at io.net, stated, ‘This partnership with OpSec is a significant milestone in our mission to democratize access to GPU compute capacity. By integrating our decentralized resources with OpSec’s advanced privacy-focused cloud infrastructure, we are paving the way for a more scalable, efficient, and secure cloud computing environment. This collaboration not only enhances the capabilities of both our platforms but also sets a new standard for innovation in the industry.’

As io.net and OpSec move forward with their joint initiatives, they remain focused on delivering solutions that not only meet current technological demands but also set new standards for innovation and efficiency in cloud computing.

About Opsec

OpSec is a revolutionary cloud computing platform that utilizes artificial intelligence to revolutionize the internet by leveraging decentralized cloud servers, private networks/IP addresses, and cutting-edge RDPs. The mission is to explore, implement, and guide the creation of a secure, efficient, and decentralized digital ecosystem. OpSec also offers various utilities that enhance the functionality and usability of web3, such as OpSec Cloudverse, OpSec CloudBot and OpSec Extension.

The OpSec community at https://t.me/OpSecCloud on Telegram, is growing everyday and is already one of the most active in the space, pertaining to the number of active users and most importantly of projects and blockchains that we are in contact with. 

Regarding the native token, $OPSEC is used to pay for Transaction Fees within the ecosystem, pay for services and to participate in network security and governance and a lot more is coming.

For more information visit the docs page at:

https://docs.opsec.computer

About io.net

io.net is a decentralized physical infrastructure network (DePIN) that deploys and manages on-demand, decentralized GPU clusters from geo-distributed sources. Hundreds of thousands of GPUs are accessible today in IO Network, and this Internet of GPUs is specifically architected for low latency, high processing demand use cases like AI/ML ops and cloud gaming. io.net democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses. Access compute capacity for a fraction of the cost or become a capacity supplier at io.net .

Learn More

Website | Documentation | Twitter | Discord | Telegram | LinkedIn

Contact

Dan Edelsteinpr@marketacross

Analyst Pantoja predicts Ripple (XRP) price to reach $20 by 2026, citing five key factors supporting his bullish outlook.

XRP would need to witness a 15x surge to reach the lower end of Pantoja’s projection and a 3,959% growth to achieve the $20 target.

The five factors bolstering XRP’s potential rise include its historical performance, potential institutional adoption, broader market trends, its role in future financial services, and regulatory clarity.

In his recent commentary on X, analyst Pantoja shared his outlook on XRP’s price trajectory, asserting that the cryptocurrency’s true value lies within the $8 to $20 range, which he believes will become a reality by 2026. The analyst also expressed his unwavering confidence in XRP, stating that engaging with the asset is his most comfortable trade to date.

$XRP true value is $8-$20 by 2026. It's the easiest trade of my life. 1. Historical Precedent Powerhouse 2. Institutional Adoption Tsunami3. Market Trends and Utility Explosion4. Future Financial Services Demand 5. Legal Clarity & Partnerships will Boom pic.twitter.com/mrKjgrW6FZ

— Armando Pantoja (@_TallGuyTycoon) June 18, 2024

As per XRP’s current price, it requires a substantial 15x surge to reach the lower end of Pantoja’s two-year projection. To achieve the ambitious $20 target, XRP would need to witness an even more challenging 3,959% growth. In light of these lofty expectations, Pantoja identified five key factors that support his bullish outlook.

Five Factors Bolstering XRP’s Potential Rise to $20 by 2026

XRP’s Six-Year Historical Performance: Pantoja’s first supporting factor is XRP’s remarkable price history. On January 2, 2017, XRP was trading at a mere $0.006031, but just a year later, it reached an all-time high of $3.84, representing an astonishing 63,571% price surge and solidifying its position as one of the top performers during the 2017/2018 cycle.

Potential Institutional Adoption: Pantoja’s thesis of XRP reaching $20 by 2026 is also grounded in the potential for institutional adoption of the asset. The community is particularly optimistic about the possibility of a prominent asset manager listing an XRP spot ETF in the U.S. market starting next year.

Broader Market Trends: The analyst points to broader market trends, suggesting that as the cryptocurrency market experiences increased adoption and utility, XRP could benefit from this overall growth.

XRP’s Role in Future Financial Services: Another key factor highlighted by Pantoja is XRP’s potential role in meeting the demands of future financial services, particularly in facilitating cross-border money transfers and settlement services.

Regulatory Clarity: Finally, Pantoja emphasized the significance of regulatory clarity surrounding XRP, stressing that it could pave the way for more substantial partnerships for Ripple, the company closely associated with the cryptocurrency.

While XRP’s recent performance may not immediately support Pantoja’s optimistic view, the analyst believes that historical precedent is poised to repeat itself, potentially leading to a double-digit value for XRP in the near future.

With an 85% share of users on June 17th, Uniswap ruled the Base blockchain. 

Meme coins’ recent surge in trading activity on the Base network is a key factor in this.

Coinbase-backed Ethereum layer-2 network Base with 270,000 users on June 17th set a new record for most daily active users on decentralized exchanges (DEX). The number increased by almost 9% as compared to the day before.

Based on the most recent all-time high in active users, Base-powered decentralized exchanges have overtaken BNB Chain, according to statistics provided by Dune Analytics. Layer 2 is currently trailing Solana in terms of user base.

Meme Coins Frenzy Major Factor

Meme coins’ recent surge in trading activity on the Base network is a key factor propelling this fast adoption. Although meme coins have caused a huge uproar on Solana, Base isn’t far behind. Not only that, but Base is rapidly overtaking the former as the go-to platform for meme coin projects and speculation, drawing in market participants eager to cash in on the frenzy.

There has been a significant increase in base trading volumes due to the popularity of meme coins such as DEGEN and BRETT. With an 85% share of users on June 17th, Uniswap ruled the Base blockchain. PancakeSwap came in at 3.8%, Aerodrome Finance at 3.2%, and SushiSwap at 2.3%.

In March of current year, Base’s total DEX volume was $1.2 billion, according to trading volume metrics. In any case, that number has fallen, and as of June 17th, Base’s daily DEX trading volume was little over $298 million.

Uniswap was the dominant force, making about 81.1% of the daily volume, according to statistics from Dune Analytics. 6.6% of that day’s Layer 2 network volume was accounted for by PancakeSwap and Aerodrome Finance together. Base has also become a major draw for investors looking to inject fresh funds.

Highlighted Crypto News Today:

Ethereum Surges Past $3.5K as SEC Closes Investigation on ETH Sales

The UK Consumer Price Index (CPI) increased by 2.0% in the 12 months to May 2024.

The BoE may soon contemplate lowering rates in response to the decelerating inflation.

After almost three years of divergence, inflation in the United Kingdom is again back on track with the BoE’s long-term goal of 2%. There was much conjecture that the Bank of England may decrease interest rates this year in response to falling UK inflation. Additionally, cryptocurrency usage in the UK may skyrocket in the event of a rate decrease, which might lead to price increases.

The UK Consumer Price Index (CPI) increased by 2.0% in the 12 months to May 2024, down from 2.3% in April, according to statistics published on Wednesday. Inflation has not been this low since July 2021. 

Lowered Rates Anticipated

Additionally, the statistics revealed that the CPI had a monthly rise of 0.3% in May. Like last month, this one fell short of expectations, coming in at 0.4%. The Office for National Statistics said that food price declines, after rising at the same time previous year, were the main factor bringing the monthly inflation rate down. Additionally, the BoE may soon contemplate lowering interest rates in response to the decelerating inflation in the UK.

Inflation has moderated, which is noteworthy since it reached an all-time high of 11.1% in October 2022 in the United Kingdom. Since December 2021, the Bank of England has raised interest rates on a steady basis. To counteract this spike in inflation, the BoE rates reached a height of 5.25%.

Bitcoin has been in the spotlight since it shows symptoms of continuing its downward trend. Bitcoin briefly hit a five-week low of $64,607 recently, according to CMC statistics. However, it has since recovered slightly and is now trading at $65,108.

Highlighted Crypto News Today:

Ethereum Surges Past $3.5K as SEC Closes Investigation on ETH Sales

In the past month, the crypto market has witnessed wavering upward and downward movements. With crypto assets particularly the altcoin sector, showing price revivals, the regulators introducing announcements and numerous launches, the first half of 2024 has been momentous in activity.

As the second half (H2) of the year is approaching, the following altcoins seemingly show signs of potential bullish performances in the upcoming months. 

Ethereum (ETH) 

Leading altcoin Ethereum (ETH) has shown a monthly price performance of 21.19% and has broken multiple resistance levels in the past month, according to TradingView data. With a year-to-date price performance increase of 54.68%, ETH shows potential for a bullish takeover. At the time of writing ETH is trading at $3,518. 

The recent approval of spot ETH ETF listings by the US SEC caused a price rally which instigated the altcoin to break its $3K resistance. Moreover, Ethereum’s spot ETFs are expected to cause another bullish trend as they begin trading in the coming months. 

Analysts have predicted that the ETH market price will hit $4K in 2024. With a neutral market sentiment, the altcoin is one of the most anticipated crypto assets within the market for the second half of 2024. 

Toncoin (TON) 

TON, the native token of The Open Network (TON) blockchain, has witnessed multiple instances of market attention over the past month. While its monthly price performance has decreased by 0.77%, the year-to-date performance has increased significantly. 

In April, the TON blockchain partnered with Tether to integrate stablecoin USDT into the blockchain and Telegram ecosystem. Moreover, its other collaborations and the growth of Telegram are also expected to fuel a price surge. 

While it’s combating a recent price dip in the past week, the altcoin still shows potential for bullish performances in the coming week. At the time of writing, the token was trading at $7.10, according to CMC data. Notably, TON hit a new ATH at $7.24 on June 5. 

Litecoin (LTC) 

Litecoin has caught market attention this week due to its upsurge in on-chain activity. Litecoin’s (LTC) has shown a price decline in the past month (3.08%). At the time of writing, the altcoin is trading at $77.12

Despite the token’s price dip, Litecoin has shown a notable increase in the number of transactions. It hit a new milestone of 426K transactions, as of June 7. The altcoin has set a mark by surpassing Ethereum’s active wallet holders count by a notable 100K. Litecoin’s wallet addresses have shown a 75% surge since the beginning of 2024.

FLOKI (FLOKI) 

FLOKI, one of the famed memecoins, has shown a monthly price increase of a notable 45%. Moreover, Floki hit its all-time high in market price on June 5 at $0.0003462. At the time of writing, the altcoin is trading at $0.0002383. 

Furthermore, FLOKI’s native Name Service went live in the past month. With long-term price surges, the altcoin shows a potential for further upward pressure in the coming months. 

Uniswap (UNI) 

Uniswap (UNI) witnessed a rough phase in the first half of 2024. The SEC’s claims about Uniswap being an unregistered securities exchange caused quite a stir in the market. Moreover, UNI’s market price exhibited an increase of 32% over the last 30 days suggesting a bullish trend. 

Despite the SEC lawsuit, Uniswap hit new milestones this year with a yearly price surge of 129.73%. The altcoin’s trading volume hit its highest peak of 3 billion dollars in April. At the time of writing, the altcoin is trading at $9.28 with a market cap of $6 billion. 

Pepe (PEPE) 

Pepe, the frog-themed meme coin has drawn notable market attention in the past few months. The memecoin has witnessed a significant price surge, particularly in the past month. It has increased by 52.34%. Notably, Pepe also hit a new ATH on May 27 with prices spiking to $0.00001718. At the time of writing, the altcoin is trading at $0.00001326. 

Moreover, the token also showed an increase in market cap and reclaimed its position as the third-largest memecoin in the crypto market. In the coming months, the altcoin is expected to show further bullish trends.

Polygon (MATIC) 

The native token of the Polygon blockchain, MATIC, has shown a modest performance during the first half of 2024. However, bearish trends majorly dominated its momentum in H1 2024. 

Within the monthly time frame, MATIC recorded a price decline of 6.62%. At the time of writing, the altcoin is trading at $0.6262. Notably, Polygon Miden Alpha Testnet’s newest version went live at the beginning of June. 

The testnet allows developers to design self-sovereign and high-throughput applications. Additionally, the Polygon Network has also integrated with the Circle platform to list the Polygon USDC token. 

Recently the Polygon community has announced a community grant program of a whopping 35 million MATIC. Moreover, the Polygon (MATIC) stablecoin hit a new milestone of surpassing $1.5 million in market cap in the recent past. 

Solana (SOL) 

Among the top altcoins, Solana (SOL) has stirred discussions of an ETF entrant presently. The token has also shown a price increase of 6.44% in the past month. SOL in H1 2024, has shown a positive price performance as highlighted by the year-to-date 36.74% increase. 

Additionally, the Solana blockchain has received immense attention from leading celebrities globally. Solana’s memecoin launch platform Pump.fun has seen multiple celebrities including reality-tv star Caitlyn Jenner and singer Iggy Azalea launch their meme tokens. 

Notably, Iggy Azalea recently expanded her token, MOTHER’s use case by launching cell phones and phone plans that can be bought for the token. Recently, there has been a dispute between MOTHER and famed boxer, Andrew Tate’s token DADDY. The altcoin is trading at $152.82 at the time of writing. 

Shiba Inu (SHIB) 

Shiba Inu, the second largest memecoin in the crypto market, has been a consistent interest among investors. While the altcoin is witnessing a recent price dip, it has shown a notable increase of 117.36% in the past six months.

Notably, Shiba Inu’s Shibarium blockchain has witnessed a significant surge in new users. According to TradingView reports on June 5, the number of new accounts showed a 24-hour surge of 3436%, skyrocketing from 30 to 1031. 

Moreover, according to analysts SHIB is expected to hit new highs in the coming months. At the time of writing, the altcoin is trading at $0.00002182. 

XRP (XRP)  

The Ripple ecosystem has witnessed the scrutiny of Regulators and the market collectively in the first half of 2024. Meanwhile, the altcoin is currently facing a price dip with a monthly decline of 3.26%. 

Notably, the CEO of Ripple Brad Garlinghouse, post the approval of spot ETH ETFs by the SEC raised discussions about a spot XRP ETF. Additionally, Ripple is presently combating a regulatory case against the SEC. 

Moreover, Ripple in April 2024 launched its stablecoin, ‘Ripple USD’ (RLUSD). The CEO of Ripple stated that the stablecoin will initially be available in the US. He also mentioned that there are plans to integrate it into Defi platforms and global markets. At the time of writing XRP is trading at $0.4829.

Altcoin Bullish price prediction Bearish price prediction  Ethereum (ETH) $6800 $2500 Toncoin (TON)  $11.191 $2.865 Litecoin (LTC)  $82.53 $56.22 FLOKI (FLOKI) $0.00095683 $0.00004693 Uniswap (UNI)  $20.113 $3.972 Pepe (PEPE) $0.00004965 $0.00000473 Polygon (MATIC) $0.9803 $0.5089 Solana (SOL) $342.89 $83.31 Shiba Inu (SHIB) $0.00004981 $0.00000833 XRP  $0.7381 $0.4139

The overall crypto market is expected to see multiple advancements in the second half of this year. Despite the regulators’ increased scrutiny, community members hold a positive outlook toward cryptocurrency moving into the mainstream in the second half. 

Disclaimer: Any information contained in this article is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this article.

Sophon and Aethir have declared the start of a strategic partnership that will link the 800,000 robust members of the Aethir decentralized computing community with the more than 3 million people who registered for Sophon’s pre-launch campaigns.

Aethir will debut on Sophon as part of the partnership shortly after its mainnet launch, which is slated for Q3 2024. The projects will also carry out a node swap between the two communities, since both have recently finished very successful node sales to the public.

Cloud gaming and AI/ML training are two GPU-intensive applications that are powered by Aethir, a distributed compute network. The infrastructure for checkers and rewards as well as the compute providers themselves make up the two main parts of the Aethir network. Launched on Sophon, the former will primarily manage the verification and rewards distribution process. Furthermore, Aethir is set to launch a permissionless platform for computing that will be available on Sophon.

Furthermore, Sophon will operate Aethir checker nodes to guarantee the network’s resilience and dependability. To ensure that both communities have a stake in the partnership’s success, Sophon and Aethir node operators will get a portion of each partner’s tokens as part of the node swap and larger cooperation.

Dan stated:

“The merging of Aethir’s robust decentralized compute infrastructure with Sophon’s cutting-edge ZK Stack technology heralds a new era for high-performance computing. This collaboration will help make top-of-the-line GPU computing more accessible and reliable for AI, ML, and cloud gaming applications. By leveraging Sophon’s advanced blockchain capabilities, we can ensure increased innovation and expansion of the reach of decentralized compute networks.”

Seb, the Co-Founder of Sophon stated:

“We’re thrilled to be working together with Aethir to represent the very best of what Web3 is offering next. The long term goals of Sophon and Aethir made this a natural partnership that will deliver value to both ecosystem communities, which we’re incredibly excited about”.

Daniel Wang, CEO, Aethir stated:

“Decentralized compute networks and DePIN are some of the killer applications of blockchain technology, and the high performance and plug-and-play nature of our ZK chain makes it the perfect home for hosting critical components of a distributed compute network.”

ZKsync is the driving force behind Sophon, a modular blockchain based on the ZK Stack architecture. Started by former executives of ZKsync and supported by a variety of funding sources, including Spartan, SevenX, OKX Ventures, Huobi Ventures, and others, it will be one of the first examples of the expanded and modular ZK Stack, which allows organizations to start highly secure and scalable EVM-based chains. Sophon will gain from low latency without sacrificing security since it is built on the same technological stack as ZKsync Era,  since the majority of competing L2 solutions continue to be heavily centralized in many crucial functions.

Milojko Spajic was 16th among the list of 81 early investors.

As per the data, he has purchased 750,000 Luna coins.

The prime minister of Montenegro, Milojko Spajic, is in a controversy over his prior investment in Terraform Labs, a collapsed crypto firm founded by Kwon Do-hyung. Imprisoned in Montenegro in connection with the 2022 collapse of the company’s cryptocurrencies.

Vijesti, the Montenegrin newspaper, reports a data sheet submitted to the U.S. District Court for the Southern District of New York on Tuesday by the SEC. Prime Minister Milojko Spajic came in 16th place on the list of 81 early investors. Moreover, In June 2023, Kwon provided illegal political funds to Spajic before the election.

Milojko Spajic’s Terra contract (Source: SEC)

The report submitted by the SEC revealed his crypto connection which was not mentioned before. He caught red-handed and it might affect his political career. 

Notably, the data shows that he purchased 750,000 Luna coins at 10 cents each on April 17, 2018. In addition, its price went up to $119 in April 2022 before it collapsed and became completely worthless. If he had sold the coins at that price, he could have made approximately $90 million. In contrast, if his investment failed, he would have lost $75,000.

Terraform Labs and Do Kwon 

The collapse of Terra’s ecosystem was a considerable double cross to the crypto market, which led to the scrutiny of similar projects. Terraform Labs agreed to a $4.47 billion settlement with the SEC and will pay more than $4 billion, meantime, the company’s founder, Do Kwon, will pay out nearly $400 million. Terraform Labs settled to pay $4.47B to resolve SEC civil lawsuit, one week ago. 

Do Kwon is currently detained and waiting for the outcome of the legal proceedings of his expulsion. The United States and South Korea are seeking his extradition. Terra-Luna’s collapse has caused financial damage that is estimated at over $40 billion. 

Highlighted News of the Day

CRV Token Recovers as Whales Accumulate Post-Liquidation

In the last 24 hours, Cardano (ADA) surged by 7.94%, rising from $0.3678 to $0.397.

Santiment’s analysis suggests Cardano is poised to outperform BTC and ETH based on its 30-day MVRV metrics.

Amidst evolving regulatory landscapes in the cryptocurrency market, Ethereum has received a boost as the SEC concluded its investigation, signaling positive sentiment for the digital asset. This development has injected optimism into the global crypto market, prompting a potential recovery outlook.

In the past 24 hours, Cardano (ADA) has displayed bullish momentum, surging by 7.94% from $0.3678 to $0.397. At the time of writing, Cardano is trading at $0.3856, with a market cap of $13.77 billion—and the 10th largest crypto.

Cardano (ADA) Price Chart (Source: CoinMarketCap )

According to insights from on-chain analytics firm Santiment, Cardano (ADA) is poised to outperform leading cryptocurrencies like Bitcoin and Ethereum. Based on the 30-day market value to realized value (MVRV) metrics, the firm’s analysis indicates a favorable outlook for ADA and other altcoins. The MVRV metric assesses the potential for short-term price rallies by comparing a cryptocurrency’s market value against its realized value.

Further, analysts are particularly bullish on Cardano’s ADA, forecasting a potential rise to $1 or higher in the near future. This positive outlook underscores growing confidence in ADA’s market dynamics and potential short-term performance. However, Cardano is still down more than 87% from its all-time high of $3.10.

Overall, these developments highlight a shifting landscape where regulatory clarity and favorable market metrics are influencing investor sentiment and price expectations across various cryptocurrencies.

Solana (SOL) price has shown a decline in value over the past month. 

The token’s trading volume has also exhibited a decline of 13% in the past 24 hours.

The Solana Ecosystem has witnessed staggering interest from the crypto community, evident from its surge in activity. This was instigated by an influx of celebrity-led memecoins. But the altcoin, SOL, failed to pick up the momentum from the frenzy.  

The token, in the past 24 hours, has shown a brief uptick of 0.20%. During the intra-day trading, SOL marked its 24-hour-low of $131.99, according to CMC data. At the time of writing, it traded at $137.53. 

Meanwhile, the L2 altcoin’s daily trading volume exhibited a decrease of 13%. Since the past weeks, the SOL price has struggled to break the resistance level at $140K. 

Where is Solana Price Headed? 

Solana, in the past week, has shown a price decline of 6.84% sliding from a weekly high of $161.51 to the aforementioned weekly low. Over the month, the price has plummeted by 18.15%. However, in the same month, SOL inched closer to $200 raising expectations for surpassing the mark. 

SOL/USDT Daily Price Chart (Source: TradingView )

According to TradingView data, the daily RSI of Solana stands at 36.81, indicating that the altcoin is leaning toward a slight sell zone. Additionally, the short-term 9-day MA also stands above the current trading price highlighting the bearish trend. SOL has failed to surpass the $140 level depicting the struggles to break resistance levels. 

However, analysts have predicted that Solana will price rise in the current surge in memecoin activity. TheNewsCrypto analysts have predicted a bullish price of $342 for SOL by the end of 2024. 

Highlighted Crypto News Today: 

Ethereum Surges Past $3.5K as SEC Closes Investigation on ETH Sales

In the ever-evolving world of cryptocurrencies, certain tokens shine brighter than others, breaking new records and capturing the attention of top traders. Recently, Floki (FLOKI) and Alex The Doge (ALEX) have emerged as standout performers, described by leading traders as “digital diamonds.” This article delves into the factors driving the success of Floki (FLOKI) and Alex The Doge (ALEX) and explores why these tokens are considered the next big thing in the crypto market.

The Rise of Floki (FLOKI)

Floki (FLOKI) has captured the crypto community’s imagination with its unique blend of meme culture and serious development efforts. Named after Elon Musk’s pet Shiba Inu, Floki (FLOKI) leverages its meme status to build a robust following and drive engagement. The token’s marketing campaigns, coupled with community-driven initiatives, have significantly contributed to its rapid ascent in the cryptocurrency market.

Floki (FLOKI) aims to create a comprehensive ecosystem that includes decentralized finance (DeFi), non-fungible tokens (NFTs), and merchandise. This multifaceted approach provides multiple use cases for its holders, enhancing its value proposition. The development team behind Floki (FLOKI) is committed to continuous innovation, further solidifying its position as a leading meme coin.

Alex The Doge (ALEX): The New Contender

While Floki (FLOKI) continues to make waves, Alex The Doge (ALEX) is rapidly emerging as a formidable contender in the meme coin space. Combining the viral appeal of meme coins with practical applications in social finance (Social Fi) and play-to-earn (P2E) gaming, Alex The Doge (ALEX) offers a unique and compelling value proposition.

What Sets Alex The Doge (ALEX) Apart?

Innovative Ecosystem: Alex The Doge (ALEX) integrates social finance and gaming within its platform, creating a dynamic environment that engages users in meaningful ways. The Miracle Verse, a virtual world where players can earn Alex The Doge (ALEX) tokens through various in-game activities, exemplifies the token’s innovative approach.

Technological Foundation: Built on the Ethereum (ETH) network, Alex The Doge (ALEX) benefits from low transaction fees and fast processing times. This robust technological foundation enhances the scalability and user experience of Alex The Doge (ALEX), making it an attractive option for a broad audience.

Community Engagement: Like Floki (FLOKI), Alex The Doge (ALEX) thrives on a vibrant and active community. This engagement is crucial for driving adoption and maintaining interest in the project.

Breaking Records: Why Traders Are Calling Them “Digital Diamonds”

Both Floki (FLOKI) and Alex The Doge (ALEX) have recently broken new records in terms of price and adoption, earning the moniker “digital diamonds” from top traders. Several factors contribute to this impressive performance:

Strong Community Support: Both tokens boast vibrant, active communities that drive adoption and maintain interest. This strong community support is essential for sustained growth.

Innovative Features: Floki (FLOKI) and Alex The Doge (ALEX) offer unique value propositions through their respective ecosystems, providing multiple use cases and engaging experiences for their holders.

Market Accessibility: Leveraging robust blockchains ensures efficient transactions, scalability, and broad accessibility for both tokens.

Strategic Marketing: Effective marketing campaigns and strategic partnerships have significantly boosted the visibility and credibility of both Floki (FLOKI) and Alex The Doge (ALEX).

The Future of Floki (FLOKI) and Alex The Doge (ALEX)

As Floki (FLOKI) and Alex The Doge (ALEX) continue to gain traction, their future looks promising. The combination of strong community support, innovative ecosystems, and strategic development efforts positions these tokens for continued success. Traders and investors alike are keeping a close eye on Floki (FLOKI) and Alex The Doge (ALEX) as they navigate the ever-changing landscape of the cryptocurrency market.

Conclusion: Digital Diamonds in the Crypto Market

In conclusion, Floki (FLOKI) and Alex The Doge (ALEX) have distinguished themselves as leading players in the meme coin space, earning the title of “digital diamonds” from top traders. Floki (FLOKI) leverages its meme appeal and comprehensive ecosystem to drive engagement and growth, while Alex The Doge (ALEX) combines social finance and gaming to offer a unique and compelling value proposition. As these tokens continue to break records and capture market interest, they represent exciting opportunities for investors looking to capitalize on the next big trends in cryptocurrency. Whether you’re a seasoned trader or a newcomer to the crypto world, Floki (FLOKI) and Alex The Doge (ALEX) are worth watching closely as they continue to shine.

For more information about Alex The Doge (ALEX) presale use the links down below:

Website: https://alexthedoge.live

Telegram: https://t.me/alexthedoge

Twitter: https://x.com/alexthedoge_p2e

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.

Whales accumulate 55.26M CRV, driving the price up 12% post-liquidation.

Egorov’s remaining CRV assets are secure, not at immediate liquidation risk.

In the wake of a significant liquidation event involving Michael Egorov, founder of Curve Finance, the CRV token has seen a notable recovery. Nearly a week ago, Egorov faced liquidation after the CRV token plummeted to an all-time low of $0.219. The situation led to widespread liquidations across various platforms, with Egorov’s lending positions largely liquidated, totaling around 100 million CRV valued at $27 million.

Despite this, Egorov still holds 39.35 million CRV, securing $5.4 million in stablecoins on a lending platform.

Meanwhile, today’s market activity reveals a turnaround for the CRV token. Six whales have accumulated a total of 55.26 million CRV (approximately $19.4 million) during the dip following the liquidation crisis. Interestingly, five of these six whales are first-time accumulators, reflecting a surge in first-time purchases of CRV over the past week. 

Six whales have accumulated 55.26M $CRV (~$19.4M) during the dip post- $CRV liquidation crisis!• 5 of the 6 whales are first-time accumulators. This is reflected in the surge in first-time purchases of $CRV in the past week.• The $CRV price is up ~14% (24H), almost back to… pic.twitter.com/DbBTipytcF

— Spot On Chain (@spotonchain) June 19, 2024

Notably, this influx of new investors has contributed to a 12% increase in the CRV price over the past 24 hours, bringing it almost back to its pre-liquidation level, accompanied by a modest 1% surge in trading volume.

Looking Back At the Past

Arkham Intelligence previously warned that Egorov’s CRV positions worth $140 million across five protocols were at risk of liquidation if the digital asset’s price dropped by 10%. They noted that Egorov’s borrowing on platforms like Llamalend, where his $50 million crvUSD borrows cost him around 120% APY, posed a significant risk due to the limited remaining crvUSD for borrowing against CRV.

Egorov praised Curve Finance’s soft liquidation mechanism for its effective handling during a recent real-world test, stating that it allowed for successful liquidation without bad debts.

As an established DeFi project, Curve’s quality and long-term profitability remain acknowledged, though the impact of recent events on its standing and community cohesion remains uncertain.

Highlighted News Of The Day

Ethereum Surges Past $3.5K as SEC Closes Investigation on ETH Sales

Decentralized applications are designed to look and feel just like regular applications, and ideally, the user should not realize they’re interacting with the underlying blockchain. 

But blockchains are what makes dApps different from regular Apps, enabling them to be decentralized, so users have more control and functionality at their fingertips. 

dApps provide a new way for users to interact with digital services, games, finance and more, and they have become the foundation of a new kind of internet that’s popularly known as “Web3”. Just as with the original internet, these days there are dApps for everything, be it payments, investing, borrowing money, sharing information, social media and games. So let’s take a look at a few examples that showcase exactly what Web3 is all about. 

​​

Transak: The World’s Gateway To Crypto

New users of Web3 need a gateway to crypto, and that’s exactly what Transak provides, integrating its crypto on-ramps into any dApp via a simple API, handling all of the complexities of KYC, compliance and regulations, while also providing numerous options for fiat payments and payouts. 

On-ramps are essential for Web3 dApps because it’s believed that the average dApp that doesn’t not have one sees something like an 80% bounce rate on new users. That’s because many of those new users are unfamiliar with crypto, with zero knowledge of how digital wallets work, gas fees and so on. They’re also not familiar with the process of buying crypto through an exchange platform. As such, tell them they need crypto and they simply give up straight away. 

With Transak that’s no longer the case. Although people might not be familiar with crypto, they are familiar enough with the concept of buying in-game currency on mobile games and applications, and Transak makes the experience much like this. All the user has to do is specify the amount and type of crypto they want to buy, link a payment method and they’re good to go. It’s fast, simple, effective, efficient and therefore a game-changer for every other dApp. 

dYdX: The Best Exchange For Pro DeFi Traders

In the crypto industry, professional trading tools like margin calls, derivatives and options were previously only available on centralized exchange platforms, but dYdX changes that, integrating these pro trading features into a trustless and decentralized environment. 

On the face of it, dYdX looks and feels like most other DEX platforms, such as Uniswap or SushiSwap, but a closer look reveals some stark differences. While the latter platforms are designed for simple spot trading, dYdX supports the trading of perpetuals, which are derivatives or financial instruments that derive their value from the underlying asset on which they’re based. 

Like with futures and options, derivatives give traders a way to speculate on the future price of the underlying asset, but the difference is there are no expiration dates on its buy and sell options. That’s why its contracts are termed as “perpetual”. 

dYdX gives crypto traders access to more sophisticated trading tools and greater leverage of up to 25X on most synthetic assets. What’s more, it’s built on a more efficient platform. Instead of using an automated market maker that struggles with high slippage, it’s based on a more traditional orderbook and matching model that better suits the requirements of institutional traders. With V4’s recent migration to its own chain, dYdX will soon be able to host permissionless markets which should be interesting for DeFi speculators and pro traders.

Flare: The Best Blockchain for Real-World Data

An interoperability protocol that’s focused on interchain communication, Flare provides dApp developers with an easier way to access off-chain data from other blockchains and the wider web. The idea is that developers can harness real-world data to build richer dApp experiences and create new monetization models. 

The idea with Flare is that it helps blockchains get over one of their major constraints – namely their inability to talk to the real world. Because blockchains are essentially closed networks, their utility has been limited mainly to financial services, rather than things that happen in the real world, but Flare changes this. 

Flare has created two powerful data acquisition protocols, including the Flare Time-Series Oracle, which delivers decentralized, time-series data to dApps built on its network. It currently provides data about digital asset prices to other blockchains and is widely used by DEX’s and lending platforms. It does this by incentivising a network of data providers to be honest and ensure accuracy. 

As for the Flare State Connector, this enables real-world data such as sports results to be transmitted to blockchains through an API. Once again, data providers are incentivized to provide this information, with independent attestation providers doing the job of verifying such information. 

Nexo: The Best Platform for Lending and Borrowing Crypto

One of the great things about crypto is DeFi, which provides users with a world of financial opportunities that don’t exist when dealing with fiat. For instance, DeFi enables anyone to lend or borrow crypto, and one of the best platforms for doing that is Nexo, which allows users to access fiat cash without selling their crypto assets. To borrow money from Nexo, simply deposit crypto as collateral and you’ll receive a loan in either stablecoins or fiat. 

The funds for borrowers come from investors, who are users that deposit crypto into its liquidity pools in a return for earning part of the interest derived from its loan repayments. Its interest rates are among the best in the business. 

What’s more, Nexo also acts as a comprehensive trading platform with a range of advanced trading options. It allows users to buy and sell more than 70 digital assets, and they can deposit funds for the first time with no wallet, simply by using a credit card or bank transfer. It supports a number of unique order types for spot trading, including advance, trailing, OCO (one-cancels-the-other), stop loss and take profit orders. 

Other options include perpetual futures, similar to dYdX, with leverage of up to 2x, and margin trading that provides up to 5x leverage, meaning traders can trade with five-times the amount of their actual deposit. Oh, and did we mention that Nexo also offers a dual-usage crypto card, which makes it simple to spend cryptocurrency in any physical or online store that accepts Mastercard?

MixMob – The Best Web3 Game of 2024 

Launched earlier this year after years in the making, Mixmob was one of the most widely anticipated metaverse games and it is already enjoying great success. It’s based on remix culture, and set in a universe where a mysterious artificial intelligence has deleted the world’s culture to enslave humanity. But a small band of Mixbots, who escaped the enslavement, are now fighting back. 

The game offers a thrilling mix of gameplay mechanics, combined with an open economy, stunning artwork, a complex storyline, mutable NFTs that evolve as the player progresses, and a lively community. 

Players can engage in various games to compete for cryptocurrency rewards, reinvesting their winnings to make their characters even more powerful. The main focus of the game is Racer 1, a hybrid card/battle/racing strategy game that merges the thrills of Mario Kart with the tactical concepts of Fortnite’s Clash Royale battle mode. 

Racing revolves around MixBot Racers, which are NFTs that players can fine-tune and power up to gain a competitive edge against their peers. Another element of the game involves raiding, where players can engage in raids on the surface of the world, attempting to discover valuable rewards without being detected by the all-conquering AI that dominates. There’s also a Remixing element, where players can leverage their creative abilities to merge NFTs and craft unique looks for their avatars and MixBots and develop enhanced abilities. 

MixMob was under development for years, launching its first NFT collection back in December 2021 when it sold 5,000 unique Gen0 masks on the Solana blockchain. There are currently around 1,600 unique NFT mask holders. 

Later this year, MixMob’s team will add more functionality to the beta of MixMob Racer 1, including player-vs-player and tournament modes, as well as focus groups. It will also expand to include more competitors in ten-player races, with more card complexity, more in-game content and additional decentralized Turbo Arenas. There’s a lot to look forward to, and MixMob should be a top blockchain game for some time to come. 

Nimiq: The most widely accepted crypto in the world

If you’re looking to give up fiat and live the crypto lifestyle, you need a dApp like Nimiq, which has built the world’s most extensive crypto payments network. It’s based on a secure, easy-to-use, low cost and fast blockchain protocol that enables seamless value transfer and effortless onboarding for non-crypto natives. 

Nimiq claims to be the most widely accepted cryptocurrency and it’s hard to argue with that, for its tokens are accepted in more than 29,200 locations globally, and that number is growing by the day. 

Its extensive list of products include the Nimiq Wallet, which is a browser-based dApp that can be accessed from any device, anywhere, so users can transact and manage their funds from any location. SuperSimpleSwap provides a service that makes it possible for users to buy and sell multiple digital assets using their bank account, while Cryptopayment.link is a merchant-focused product that allows any store to accept crypto as a form of payment. 

It also offers community projects such as Nimiq Cafe, which provides tools and resources for developers wanting to deploy dApps on the Nimiq blockchain, and a Nimiq Shop, where fans of the dApp can buy branded Nimiq merchandise using crypto. In addition, Nimiq has recently branched out into DeFi, offering staking services with its switch to a proof-of-stake blockchain. It’s possible to stake with as few as just 100 NIM coins. 

In terms of outreach, Nimiq is second-to-none, with successful projects including its Nimiq Cities campaign, which aims to promote local businesses in select cities around the world to adopt crypto. 

Boxbet: The best crypto betting platform on Telegram 

Still flying under the radar, Boxbet is pioneering the concept of iGaming, offering a novel way to bet on various sports, lottery and casino games and take on other humans in player-vs-challenges. 

The platform uniquely leverages Telegram wallets, which is an advantage that means it can focus more on its core offerings rather than the crypto management side. Its platform is designed to serve users aged 18 and over in jurisdictions where online betting is legal, and makes use of both centralized and decentralized elements to deliver a smooth and exciting betting experience. It has emerged as one of the most popular iGaming apps on Telegram, which is one of the most popular social media networks for the crypto industry. 

Boxbet’s mission is to decentralize the iGaming industry and make it fairer for all players. It holds the distinction of being Telegram’s fastest iGaming bot, and features seamless integration with sports betting markets offered by Azuro, a major name in online gaming. With this integration, users can place bets on all manner of sporting events from directly within their Telegram wallet

Boxbet’s team is currently in the process of obtaining gaming licenses from multiple jurisdictions in the world, and is backed by some of the biggest investors in crypto.

Ethereum surged 6.19% to $3,583 after the SEC closed its investigation into ETH.

The market reacted positively, showing strong bullish sentiment for ETH and altcoins.

The global cryptocurrency markets saw a slight recovery today as Ethereum (ETH) spiked over 6% to above $3,500 following news of the U.S. Securities and Exchange Commission (SEC) closing its investigation into ETH sales. This bullish trend extended across Ethereum and other altcoins.

Consensys Software, an Ethereum developer, confirmed in a blog post that the SEC’s Enforcement Division concluded its probe into Ethereum’s native token, Ether, indicating it will not pursue charges related to ETH sales as securities transactions. 

Can Ethereum Recover to $4K?

Ethereum is trapped in a bearish trend despite a huge rally in the crypto market when Bitcoin (BTC) hit a new all-time high. However, today ETH displayed a notable 6.19% jump from $3,374 to $3,583 in response to the news. At the time of reporting, ETH is trading at $3,534 with a market capitalization of $432 billion.

The 24-hour technical analysis indicates that Ethereum’s recent price action has formed a bullish pattern, suggesting the potential for a reversal in its market trajectory. The current crucial level to watch is $3,650, with a breakout above this point potentially pushing the price towards resistance levels at $3,800 and even as high as $4,200. That will set a path towards an all-time high above $4,900.

Looking ahead, market analysts are optimistic about Ethereum’s prospects, buoyed by strong technical indicators such as the 9-day exponential moving average (EMA) currently at $3,474 and a daily relative strength index (RSI) nearing neutral conditions at 51. 

However, caution remains there—a failure to maintain support above $3,300 could lead to a retest of critical support levels at $3,150. A level below this would trigger further downside pressure and a drop below $3,000.

The 30-day period begins on July 17, 2024, during which Binance US may seek reversal.

Earlier, states including North Carolina, Oregon, Florida, and Maine have followed suit.

The North Dakota state financial watchdog has joined seven others in revoking Binance US’s money transmitter license. On June 17, Commissioner Lise Kruse of North Dakota’s Department of Financial Institutions (DFI) said that BAM Trading Services, doing business as Binance US, had violated the money transmitter rules of the state.

An adequate anti-money laundering policy was not maintained. And Binance and its creator Changpeng Zhao were convicted of conspiring to run an unlawful money-transmitting company in November. These are the grounds cited in the revocation order for pulling the license.

May Seek Reversal of the Ruling

Moreover, according to Kruse, Zhao, who is the control person and primary beneficial owner of Binance, was found guilty on criminal counts related to breaking federal anti-money laundering rules.

Furthermore, the revocation order indicates that the Commissioner has determined that the Respondent does not fulfill the criteria or standards. That may be applicable to a new money transmitter license application.

The 30-day period beginning on July 17, 2024, during which Binance US may seek reversal of the ruling, will expire. If no request is received by that time, the order will be effective. The money transmission license that BAM Trading Services had applied to renew has been denied or revoked in seven states, with North Dakota becoming the seventh.

In the last several months, states including North Carolina, Oregon, Florida, and Maine have followed suit. Immediately after Zhao’s guilty plea in November, Binance US’ services were cut down in Florida. Making it the first state to do so. The next two US states to do the same, on January 23 and 29, were North Carolina and Maine, respectively.

Highlighted Crypto News Today:

Trump-Themed DJT Memecoin Claimed to be Created by Martin Shkreli

On Tuesday, June 18, no spot Bitcoin ETF had an inflow, marking the first such event.

Fidelity’s FBTC had the most outflow, totaling $83 million.

A net outflow of $152.42 million from U.S. spot bitcoin exchange-traded funds occurred on Tuesday, the fourth day in a row of such withdrawals.

Consistent outflows over the last four trading sessions have caused a significant pause in the spot Bitcoin ETF market. On Tuesday, June 18, no spot Bitcoin ETF had an inflow, marking the first such event since the inception in January 2024.

Struggle Continues

SosoValue data shows that out of the 11 ETFs, Fidelity’s FBTC had the most outflow, totaling $83 million. Bitwise’s BITB had a net outflow of around $7 million, while Grayscale’s GBTC recorded a net outflow of $62 million. Tuesday saw no inflows into the other eight exchange-traded funds.

The statistics indicated that the total net inflows for the eleven spot bitcoin ETFs were $14.81 billion as of Tuesday, down from a high of $15.69 billion on June 7. Up to June 7, the funds had a 19-day running total of inflows. At present, a large portion of the market share is dominated by the two leading firms, BlackRock and Fidelity.

On Tuesday, there was a total of $1.7 billion worth of ETF trading volume, up from $1.24 billion on Monday. As of this writing, the Bitcoin price is attempting to maintain a level over $65,000, despite selling pressure caused by recent outflows and a general lack of enthusiasm. Meanwhile, since their inception last week, spot Bitcoin ETFs in Australia have been seeing small inflows of capital.

Bitcoin’s recent collapse through a crucial price support level, according to a research by CryptoQuant experts published on Tuesday, might indicate an 8% to 12% correction, which could cause the price to plummet near $60,000.

Highlighted Crypto News Today:

Trump-Themed DJT Memecoin Claimed to be Created by Martin Shkreli

ZachXBT claimed that DJT is not an official Trump token.

Arkham Intelligence offered Bounty money of $150,000 to resolve the DJT speculation.

A speculated report was out last day by Pirate Wires on their X post that former U.S. President Donald Trump has launched his cryptocurrency, DJT. It has sent that token value high while other meme coins have dived down. The post on X, “per conversations,” Trump was launching an “official token” with the ticker DJT, and the project spearheaded by “Barron,” Trump’s son.

The crypto community doubted that Trump was behind the token and later it was clear that it was his son, Barron as per ZachXBT, a crypto sleuth, posted on X, 5 hours ago. It claims that Martin Shkreli, a pharmaceutical industry executive, privately messaged him on X, stating that he had “over 1K pieces of evidence” that “he created it with Barron.” Shkreli announced that he is the co-creator of DJT, a Solana-based Trump token on X. Shkreli’s reputation in both the pharmaceutical and cryptocurrency sectors is disrupted.

On Monday, Shkreli reposted the Pirate Wires tweet claiming DJT is the official Trump token. The Trump campaign and the Trump Organization didn’t respond to the launch of the token. 

DJT coin was introduced to the crypto market for two months, and the token value went up considerably. Its price was up by 44.59% yesterday. Notably, it has declined by 8.52% to $0.002748 within the past 24 hours. Moreover, the trading volume dipped by 1.61% to $358K. The confirmation regarding the DJT token has driven the price down. 

DJT Abuzz the Market

Meanwhile, 10 hours ago, Arkham Intelligence offered bounty money to the one who can prove the ambiguity of the Donald Trump-themed Solana token, DJT. 

“F**k it, we ball. $150,000 to the first person to definitively prove the identity of the creator of $DJT,” Arkham posted on X.  

According to Lookonchain, an on-chain analytics firm, three TRUMP whales sold a total of 473,433 tokens and made a collective profit of over $6.2 million yesterday. The sudden whale activity was driven by recent speculations and controversies around the token. The community response is mixed, with concern over the future of the token, while others take it as profit-making.

Highlighted News of the Day

Is the War Between the SEC and Ethereum Nearing an End?

Warsaw, Poland, June 19th, 2024, Chainwire

Flipster, the leading crypto derivatives trading platform, is excited to announce a partnership with TON (The Open Network). This partnership enhances Flipster’s platform’s capabilities by enabling deposits via the USDT TON network, expanding the range of deposit options available to users.

To mark this partnership, Flipster is offering users an opportunity from 19 June 2024 at 08:00 UTC to 18 July 2024 at 23:59 UTC to potentially earn up to 26% APR, on top of other ongoing campaigns. Participants may enhance their APR earnings through multiple tier offerings.

For more information and to join the campaign: TON USDT Deposit Campaign 

In addition to the APR boost, users will have the chance to win a share of the 50,000 USDT pool rewards by minting Soulbound Tokens (SBT) when they make deposits using their TON wallet. Users’ share of the pool will increase based on the number of tickets they collect; the more tickets collected, the greater their share.

1 ticket: ANY Deposit

5 tickets: Net Deposit 50 USDT or more

10 tickets: Net Deposit 100 USDT or more

20 tickets: Refer one person to mint SBT (up to 10 referrals)

For more information and to join the above campaign: Flipster x TON SBT Campaign 

About Flipster

Flipster is the number one crypto derivatives trading platform in offering lightning-fast perpetual futures listings on the latest cryptocurrencies. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens with the deepest liquidity and zero trading fees. For media enquiries or interview requests with the team, users can reach out to pr@flipster.io or keep up to date with Flipster on their blog.

Contact

Marketing SpecialistShirlyn TanFlipsterpr@flipster.io

Hong Kong will introduce a licensing system for crypto-fiat exchanges in the short-term, revealed OSL group CFO. 

The capital city aims to become the leading hub in Asia for the virtual assets market.

Hong Kong has drawn market attention in the past few months with its progress toward digital asset adoption. Currently, the impending agenda in the nation is the introduction of a licensing system for crypto-fiat exchanges. The CFO of OSL Group, a leading crypto exchange in the Chinese capital, discussed the licensing system and other regulations in the nation. 

The CFO, Davin Chunpong Wu, stated that the country holds multiple advantages in virtual assets development. He pointed out Hong Kong is not imposing asset value-added tax for crypto and other digital assets. Comparing Japan and Australia’s tax rates, Davin Wu concluded that Hong Kong’s low taxation will attract global investors. 

Secondly, the OSL group CFO described that bank account opening in Hong Kong banks has become simpler ever since the launch of the licensing system for virtual asset platforms. 

Moreover, the licensing system has ‘enhanced’ the confidence of global investors in Hong Kong’s crypto and other virtual assets, according to the CFO. This is because the recent launch has given clarity to the regulatory measures of the country. 

Additionally, Hong Kong’s virtual asset licensing system also resulted in strict supervision of new bank account openings and identity authentication. The country’s measures to ensure retail investor protection and prevent digital crimes have also attracted international customers. 

How Are Hong Kong’s Regulatory Measures Advancing? 

In the past few months, Hong Kong has made multiple announcements concerning crypto regulations. The Chinese capital has granted virtual asset trading licenses for some exchanges while declaring some other platforms as potentially to be licensed. Moreover, during that time, top global exchanges withdrew license applications. 

Presently, the Hong Kong ETF market includes six ETFs, which showed neutral flows according to Sosovalue data. Following this, Hong Kong is also experimenting with Digital Yuan (e-CYN) and its wallets over the past few months. 

In conclusion, the recent announcement of a licensing system for cryptocurrency and fiat conversion exchanges denotes HK’s next step in crypto regulatory measures. The capital is aiming to become the host of Asia’s leading virtual asset market. 

Highlighted Crypto News Today: 

SHIB Faces Intense Pressure as Market Fluctuations Continue

Taipei, Taiwan, June 19th, 2024, Chainwire

Vitalik Buterin, Audrey Tang, and Glen Weyl to Headline the Plurality Summit at ABS2024

The Asia Blockchain Summit 2024 (ABS2024) is set to take place from August 06-08 at the Taipei Nangang Exhibition Center. ABS2024 promises to be a marquee event in this year’s tech calendar. ABS2024 is hosted in vibrant Taiwan, recently described by Nvidia CEO Jensen Huang as one of the most important places in the world for being the center of the AI and computing revolution. 

The summit is expected to attract over 15,000 attendees from 65 countries. ABS is renowned as the premier global stage for historic moments in the blockchain industry. A highlight was the riveting debate between Arthur Hayes and Nouriel Roubini, which captivated the crypto world and highlighted the intellectual clashes driving the industry forward. Astronaut Chris Hadfield received his first Bitcoin from space via Blockstream satellite at ABS.  

ABS2024 features a distinguished lineup of keynote speakers and panelists, including Vitalik Buterin, the founder of Ethereum; Audrey Tang, Taiwan’s first Digital Minister; Glen Weyl, first author of ⿻Plurality.net and founder of Plurality Institute; Steve Yun, TON Foundation President; Song Hongbing, author of Currency Wars; Samson Mow, CEO of JAN3; Scott Moore, co-founder of Gitcoin; Ray Chan, Founder of Memeland and 9GAG; Dr. Tomicah Tillemann, CEO of Project Liberty; David Yu, co-founder and CEO of VeVe; Abighya Anand, the world-renowned Vedic Astrologer; David Mak, CEO of Catizen; Jamie Lin, CEO at Taiwan Mobile and Partner at AppWorks; Claudia Lopez, Former Mayor of Bogotá. The list of speakers is featured on the ABS2024 website. 

This year’s summit will feature multiple specialized summits, each dedicated to groundbreaking discussions at the intersection of Artificial Intelligence, Blockchain, and Sustainability. 

The Plurality Summit: The Future of Decentralized Society

The Plurality Summit at ABS2024 will take place on August 08. Attendees will delve into critical discussions on topics like decentralized society, the ethics of digital democracy, and reimagining a future where power is distributed across a diverse collective.

“At ABS2024, we’ll explore the ideas of Plurality, focusing on how effective collaboration and continuous democracy can build new bridges across diversity.” said Audrey Tang, Taiwan’s first Digital Minister and co-author of ⿻Plurality.net.

The Open Summit: Pioneering TON Event 

The Open Summit at ABS2024 is the largest TON event in Asia. Sponsored by TONX and the TON Foundation, The Open Summit includes three days of workshops, talks, and activities dedicated to the 900 million-strong Telegram ecosystem. 

ABS2024 Game Zone: Asia’s Largest Web3 Gaming Exhibition

The ABS2024 Game Zone, powered by GEDA Esports and Matr1x Fire, features high-profile Web3 games, live tournaments on a professional esports stage, and gaming industry leader panel discussions. Attendees will have the opportunity to explore more than fifty games, including a world-class tournament hosted by Matr1x Fire.

Attendees can be prepared to witness visionary leaders, pioneering developers, government officials, and thought leaders from across industries converge and collectively reimagine the world.

For more information, users can contact:

Asia Blockchain Summit | admin@abs.io

About Asia Blockchain Summit (ABS)

Asia Blockchain Summit (ABS) is an annual technology event that brings together leading experts, innovators and policymakers from AI, Blockchain, and Sustainability. Hosted in the vibrant city of Taipei, the event serves as a platform to foster collaboration, knowledge sharing, and networking among key players ranging from Fortune 500 companies to start-ups in the rapidly evolving global blockchain ecosystem. Asia Blockchain Summit attracts over 10,000 attendees from 60+ countries each year.

Website | X | Instagram | Linkedin

Contact

Marketing DirectorShin ChenAsia Blockchain Summit 2024admin@abs.io

Portuma, a pioneering project in the play-to-earn (P2E) gaming landscape, is excited to announce that its native token, PORTUMA, will be listed on the Bitget exchange on June 21, 2024. This milestone marks a significant step in Portuma’s journey to revolutionize the gaming industry by seamlessly integrating in-game advertising with blockchain technology.

Portuma Revolutionizes P2E Market with Unique 5-Game Ecosystem and Top-Tier Advertisers Like Burger King, L’Oréal, and Gillette

Portuma stands out in the crowded P2E market with its unique approach, offering a portfolio of five engaging games available on both the Apple and Google Play Stores. This marks the first time in the world that five different games have been integrated into a single P2E ecosystem. The games included in Portuma’s ecosystem are:

Wonder RacerAndroid: Wonder Racer on Google PlayiOS: Wonder Racer on App Store

Meta Car SimulatoriOS: Meta Car Simulator on App Store

Pro Car Parking SimulationiOS: Pro Car Parking Simulation on App Store

Bicycle Extreme Rider 3DAndroid: Bicycle Extreme Rider 3D on Google PlayiOS: Bicycle Extreme Rider 3D on App Store

Back StreetsAndroid: Back Streets on Google PlayiOS: Back Streets on App Store

Portuma’s integration of in-game advertising allows players to earn PORTUMA tokens by engaging with ads displayed within these games. This approach benefits both players and advertisers, with players gaining rewards for their engagement and advertisers reaching a highly receptive audience. Notably, Portuma has secured top-tier advertisers like Burger King, L’Oréal, and Gillette.

Certik KYC Gold Badge: A Benchmark of Trust and Security

Achieving the KYC Gold Badge from Certik is a significant milestone for Portuma. This certification involves a detailed verification process, where Certik carefully examines the identities and backgrounds of Portuma’s core team members. This ensures that the individuals behind Portuma are credible and trustworthy, reducing risks of fraud and malicious activities.

This certification underscores Portuma’s dedication to maintaining secure and transparent operations. It provides players and advertisers with confidence, knowing their data and interactions within the Portuma ecosystem are handled with the utmost care and integrity. The KYC Gold Badge signifies Portuma’s adherence to best practices in compliance and governance.

Top 10 Trusted Metaverse Projects: Recognition of Excellence

In addition to the KYC Gold Badge, Portuma has been recognized as one of the top 10 trusted metaverse projects by Certik. This recognition reflects the robustness of Portuma’s security measures, the integrity of its operations, and the innovative nature of its ecosystem. Certik’s audit process evaluates various aspects of a project, including code security, operational transparency, and overall project viability.

Being listed among the top 10 trusted metaverse projects highlights Portuma’s leadership in the evolving digital landscape. This recognition validates the project’s technological and operational excellence and enhances its reputation in the industry. It assures stakeholders that Portuma is a reliable and forward-thinking platform, capable of delivering secure and innovative solutions in the P2E gaming space.

Commitment to User Trust and Security

Portuma’s achievement of the KYC Gold Badge and its inclusion in the top 10 trusted metaverse projects reinforce its commitment to user trust and security. These certifications ensure that the Portuma ecosystem is a safe environment for all participants, fostering a culture of transparency and accountability.

The rigorous evaluation by Certik has proven that Portuma adheres to the highest standards of blockchain security and operational integrity. This scrutiny and subsequent certification provide users with peace of mind, knowing that they are engaging with a platform that prioritizes their safety and trust above all.

User-Centric Features

For players, Portuma offers more than just the thrill of gaming. The ability to earn PORTUMA tokens through in-game advertising adds an extra layer of excitement. These tokens can be used within the ecosystem for various purposes, such as purchasing in-game items or upgrades, and even for cashing out for real-world value. This not only enhances the gaming experience but also provides tangible rewards for players’ time and engagement.

For advertisers, Portuma’s platform offers advanced analytics and tracking capabilities that provide valuable insights into user behavior, enabling more targeted and effective advertising campaigns. The transparency offered by blockchain technology ensures that advertising metrics are accurate and verifiable.

Future Vision

The Portuma team is dedicated to continuous innovation and development, aiming to set new standards in the P2E gaming sphere. Plans to expand their game portfolio and integrate advanced technologies like augmented reality (AR) and virtual reality (VR) are underway, promising a more immersive and engaging gaming experience. By introducing social features and fostering a vibrant community, Portuma ensures sustained engagement and loyalty among players.

Strategic partnerships with leading game developers and industry giants are a key focus for Portuma. These collaborations will bring a wider variety of high-quality games to the platform and enable innovative gaming mechanics. Additionally, Portuma is exploring integrations with other blockchain projects and decentralized finance (DeFi) platforms, expanding the utility of PORTUMA tokens and potentially introducing non-fungible tokens (NFTs) within its games.

Portuma’s vision extends to building a sustainable and inclusive gaming environment. The team is committed to making their games accessible to a global audience through initiatives like localized content and multilingual support. By continuously pushing the boundaries of what’s possible in P2E gaming, Portuma is shaping the future of digital entertainment, delivering unparalleled value to players and advertisers alike.

Join the Portuma Community

Whether you’re a passionate gamer looking for new ways to earn or an advertiser seeking to connect with an engaged audience, Portuma offers a compelling platform. Explore more about Portuma’s games, marketplace, and top gamers at:

Gamer Panel: Portuma Gamer Panel

Marketplace: Portuma Marketplace

Top Gamers: Portuma Top Gamers

About Portuma: 

Portuma is at the forefront of the P2E gaming revolution, combining in-game advertising with blockchain technology to create a unique and rewarding experience for players and advertisers alike. With a diverse game portfolio and a strong focus on transparency and security, Portuma is set to redefine the boundaries of digital entertainment.

Contact: 

Ozan Emrah Unal, CEO

Portuma

emrah@portuma.com

www.portuma.com

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