Manila, Philippines, July 31st, 2024, Chainwire

Venom Foundation is thrilled to announce that $VENOM is now listed on Coins.ph, the leading crypto platform in the Philippines with over 18 million users. This strategic move represents the next significant step in Venom’s global expansion efforts, particularly into the dynamic Southeast Asian market.

Key Highlights

Expanding Reach in Southeast Asia: Coins.ph provides a robust platform for $VENOM, offering increased accessibility to a vast and engaged user base. With over 18 million users, Coins.ph is instrumental in the adoption and exposure of crypto in the region, making it an ideal partner for Venom’s continued expansion.

Enhanced Liquidity and Market Presence: Listing $VENOM on Coins.ph will enhance the liquidity and market presence of the token. Filipino users will now have the opportunity to trade $VENOM easily, benefiting from the seamless and user-friendly experience that Coins.ph is known for. This listing not only broadens $VENOM’s availability but also reinforces Venom’s commitment to making blockchain technology accessible to everyone.

Increasing Accessibility in the Philippine Market: As the largest crypto exchange licensed by the central bank in the Philippines, Coins.ph plays a crucial role in the local blockchain ecosystem. Listing $VENOM on Coins.ph enhances the accessibility of our token, allowing more users to easily trade and interact with the project. 

Strategic Alignment with Global Expansion: This listing aligns with Venom’s strategic goal of global expansion, particularly into Southeast Asia. By partnering with established and reputable exchanges like Coins.ph, Venom is poised to extend its reach and influence across key markets worldwide. The Philippines, with its dynamic and rapidly growing crypto community, represents a critical market for Venom’s international growth strategy.

Leadership Perspective

Jen Bilango, Country Manager – Philippines at Coins.ph, expressed enthusiasm for the partnership: “At Coins.ph, we are excited to announce the listing of the VENOM token on our platform. This aligns with our mission to drive financial inclusion and empower our 18 million users with innovative blockchain technology. We look forward to helping VENOM grow its presence in the Philippines and supporting its integration into global financial structures.”

Christopher Louis Tsu, CEO of Venom Foundation, commented on the new listing: “Listing $VENOM on Coins.ph is a strategic step in our global expansion strategy into Southeast Asia. Coins.ph’s extensive user base and reputation in the Philippines make it an excellent partner for Venom. This listing not only enhances the accessibility of $VENOM but also strengthens our presence in the vibrant Southeast Asian crypto market. We are excited to bring Venom to a wider audience and look forward to furthering our mission of global blockchain adoption.”

About Coins.ph

Launched in 2014, Coins.ph is the most established crypto brand in The Philippines and has gained the trust of more than 16 million users. Through the easy-to-use mobile app, users can buy and sell a variety of different cryptocurrencies and access a wide range of financial services.

Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.

To learn more, uses can visit https://coins.ph

About Venom Foundation

Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms.

For more information, users can visit https://venom.foundation

Contact

Venom Foundationmedia@venom.network

The economy is greatly impacted by inflation, which influences consumer spending and policy results. One important indicator of inflation is the Personal Consumption Expenditures (PCE) deflator. This article examines the PCE Deflator’s introduction, functions, interpretation, limitations, and possible impacts on the cryptocurrency market.

An Introduction to the PCE Deflator

The PCE deflator is an indicator that can be used to gauge the rate of inflation with respect to consumer goods and services. It assists the economists and the policymakers in tracking inflation and thus assist in coming up with improved policies and strategies for the management of the economy. The PCE deflator helps give a broader picture of the fluctuations in prices and helps in evaluating the general health of an economy and in making decisions about the monetary policy.

Understanding the Function of PCE Deflator

The PCE deflator is a method that compares the current price of various products and services with the prices of the products and services at a base year. This comparison helps in showing the rate of inflation in an economy.

To calculate the PCE deflator, follow these steps: First of all, it is necessary to choose the base year which will be considered as a starting point. Next, define the basket of goods and services which is all the things that consumers tend to buy. Then, collect the price of the above items in the current period and in the base year. The index is obtained by dividing the total value of basket in current period by the total value in base year and then multiplying the result by 100 to get the index value.

Formula: It can be explained as PCE deflator = (Cost of Basket in Current Period / Cost of Basket in Base Year) × 100. Finally, calculate the inflation rate using the formula: Inflation rate (%) = PCE deflator – 100.

Interpretation

There are several ways by which one can analyze the results of the PCE deflator. The PCE deflator of 100 thus means that current prices are at parity with the base year. A PCE deflator value above 100 means that there is an increase in the general price level since the base year thus leading to inflation. On the other hand, a PCE deflator of less than 100 shows that the general price level in the economy is below the reference year, which translates to deflation.

PCE vs. CPI

While both the Consumer Price Index (CPI) and the Personal Consumption Expenditures (PCE) deflator track changes in the prices of a basket of goods and services over time. They also vary in scopes, calculation methods and use cases.

The PCE deflator employs chain type formula of index that facilitates changes in quantity of goods or services consumed. The CPI, in contrast, employs a fixed-weight Laspeyres formula, which may be less accurate if the proportions of spending change over time.

In terms of coverage the PCE deflator has a wider coverage area it includes all consumer goods and services that the household buys directly or indirectly through third parties such as employers and government programs for instance health insurance. The calculation of the CPI particularly targets the expenses paid directly by the households and excludes those paid by a third party.

The PCE deflator is used by the Federal Reserve in setting of the monetary policy since it has a wider coverage and methodological superiority. The CPI is used for such things as adjusting social security benefits, tax tables, and other things where out-of-pocket expenses that are going up because of inflation are relevant.

Limitations

The computation of the PCE deflator is relatively different from that of other inflation indicators like the CPI. It employs a chain type index formula and need constant update and reformation. The general public might find it less approachable and more difficult to follow due to this complexity.

The PCE deflator uses information collected from businesses and this information may not always be available or accurate. Any deviation or slippage in the collection of these data may affect the quality and the time of preparing PCE deflator and therefore affect the measure of inflation.

PCE Deflator Impacts on the Cryptocurrency Market

From the perspective of cryptocurrencies, the PCE deflator can give valuable insights into how inflation patterns affect the market. For instance, if traditional forms of currency have high levels of inflation, some may decide to invest in stocks or cryptocurrencies which are other forms of value. On the other hand, if the PCE deflator suggests low inflation or deflation, people might lose interest in investing in cryptocurrencies.

Closing Thoughts

The PCE deflator is a crucial tool for chasing changes in the prices of consumer goods and services over time. Compared to the CPI, the PCE deflator is better adjusted for changes in the quantities of consumed goods and services and it has a broader scope. While it is not directly utilized in cryptocurrency markets, understanding its implications can offer insights into investor interest and sentiment within the crypto space.

The U.S. Securities and Exchange Commission (SEC) has formally lodged charges against Nader Al-Naji, founder of the BitClout blockchain protocol, marking a significant development in regulatory actions against crypto entities. 

The charges pertain to an alleged multi-million-dollar fraudulent scheme centered around BitClout’s native token (BTCLT) and its associated social media platform.

Unraveling the Allegations

According to the SEC’s detailed complaint, starting in November 2020, Al-Naji is accused of raising over $257 million through unregistered sales of BTCLT tokens. 

Investors were reportedly misled about the utilization of their funds; contrary to Al-Naji’s assurances that proceeds would not benefit him personally or other BitClout employees, he allegedly used more than $7 million for personal expenses, including lavish lifestyle expenditures such as rental payments for a Beverly Hills mansion and substantial cash gifts to relatives.

Al-Naji’s strategy to evade regulatory oversight involves portraying BitClout as a decentralized initiative, claiming it was a project with “no company behind it… just coins and code, according to the SEC.” 

Operating under the pseudonym “Diamondhands,” he allegedly sought to perpetuate the façade of autonomy to sidestep legal obligations, even obtaining a favorable legal opinion under false pretenses which misrepresented the project’s true nature. This was purportedly done in an effort to mislead regulators and potential investors about the security status of BTCLT tokens.

Regulatory Response and Legal Implications

The SEC’s enforcement action illuminates its stance that the economic substance of transactions will guide their regulatory approach, not merely the outward depiction of projects as decentralized. Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, emphasized that deceptive practices aimed at confusing regulators and evading the federal securities laws would not be tolerated. Grewal noted:

“As alleged in our complaint, Al-Naji attempted to evade the federal securities laws and defraud the investing public, mistakenly believing that ‘being “fake” decentralized generally confuses regulators and deters them from going after you. He is obviously wrong: as we have shown time and again, and as reflected in the SEC’s detailed allegations here, we are guided by economic realities, not cosmetic labels. The dedicated staff of the SEC uncovered Al-Naji’s lies and will now hold him accountable for misleading investors.”

The SEC’s complaint charges Al-Naji with violations of both the registration and anti-fraud provisions of the Securities Act of 1933 and the anti-fraud provisions of the Securities Exchange Act of 1934.

In addition to the SEC’s civil charges, the U.S. The Attorney’s Office for the Southern District of New York has initiated criminal charges against Al-Naji, signaling a robust and coordinated response from federal authorities. 

Investors are dumping memecoins like Pepe (PEPE) and Shiba Inu (SHIB) as their rally sputters out. Instead, investors are pouring into the latest top altcoin that is making waves with its viral presale. Rollblock (RBLK) is now expected to increase 100x or more before the end of 2024 as this crypto casino rolls over the competition. 

Pepe’s Reliance On Memes Makes It Hard To Predict 

Pepe has been one of the top performers this year and is still holding on to almost 800% gains. However, the rally in the Pepe price looks like it has been over for a while, with only a 3% increase in the last month. 

Unlike some memecoins that double as utility coins with growing ecosystems, Pepe is all about memes. While this makes it hard to predict, investors are tired of waiting around, hoping for another explosion of interest in Pepe. 

Shiba Inu’s Layer 3 Blockchain Announcement Falls Flat 

The Shiba Inu price is still up a respectable 100% on the year, but this does represent Shiba Inu’s 50% drop from all-time highs reached in early 2024. The Shiba Inu price has since gone flat, with a small 2% loss on the month. Shiba Inu is now trading at $0.00001675 with a daily trading volume of $206 million.

Unlike other meme coins, Shiba Inu is building a robust ecosystem. However, a recent announcement about Shiba Inu upgrading to a Layer 3 blockchain that was meant to renew the rally has since fallen flat. 

Top Altcoin Rollblock’s Viral Presale Reminds Investors Of Memecoin Mania

Investors looking to capture the original magic of the memecoin mania that saw 1,000x and higher returns are turning to viral presale juggernaut Rollblock.

Rollblock is bringing fun and profit to the stale online casino model with a full suite of crypto innovations. With Rollblock rapidly taking market share in the $450 billion global gambling industry, it is no surprise that investors are expecting the same kind of 1,000x and higher returns they enjoyed when memecoins originally exploded on the scene.

Rollblock has fully updated the online casino model by sourcing more than 150 of the best games available in the industry today. Players can also enjoy multiple exciting events and giveaways each week that capture the sense of community that only crypto can bring. Rollblock’s latest event is a giveaway to celebrate the Paris Olympics that features fun games and generous prizes.

Rollblock has also updated the old gambling token model by ensuring that RBLK will always increase in value. RBLK is purchased back from the market each week, using up to 30% of the casino’s revenues. These tokens are then awarded for staking with high APYs or burned to limit the supply.

The result is a constant increase in demand and a decrease in supply that keeps RBLK’s value on a steady trajectory to the moon.

RBLK is selling out fast at $0.0175 in the 4th stage of its viral presale. The 5th stage will see a price jump to $0.02, and this number is expected to increase more than 100x before the end of 2024.

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

Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino 

2024 has been a spectacular year for the crypto market. After Bitcoin hit a new all-time high in March, analysts believe that the 2024 bull run can send altcoins to new heights. Two top picks among the altcoins are Solana and Dogecoin.

However, investors are moving in the direction of Rollblock, a hot new crypto that has outperformed Solana and Dogecoin. 

In this article, we’ll delve into Rollblock’s superb performance and how you can benefit from this new digital asset.

Solana’s Phenomenal Year

Solana is currently trading at $191.44, with a remarkable increase of over 660% from this time in 2023. In late October 2023, Solana started its incredible ascent, and it flipped major cryptocurrencies including XRP and BNB, climbing to the #4 spot in the market.

SOL repeatedly outperformed the market while sustaining the upward move. Solana is favored by analysts for a variety of reasons. The 20-day SMA and 20-day EMA of Solana are below the current price, indicating strong bullish momentum. The majority of SOL’s technical indicators are positive as well, indicating that the asset might be getting ready to launch into a new all-time high.

Dogecoin’s Meme Coin Dominance Continues

Many top analysts have backed Dogecoin in the meme coin race of 2024. Although many new meme coins launched this year, none has surpassed Dogecoin in market cap. DOGE is trading at $0.1321, up 69.75% over the past year, and with enough bullish momentum to keep climbing.

The Dogecoin price has mirrored Solana, and DOGE also has a bullish 20-day EMA and 20-day SMA with multiple other bullish indicators. These suggest the Dogecoin price trajectory will sustain its momentum, and we could see more significant surges before the year ends.

Here’s What to Expect from Rollblock in 2024

Analysts have labeled Rollblock the top pick for the 2024 bull run as it has earned its reputation as one of the hot new crypto tokens. Rollblock is a revolutionary addition to the crypto market, and it is introducing cryptocurrencies to online gambling, a market ready for significant change.

Online gambling is plagued by multiple problems including security, exorbitant fees, poor performance, and bad actors trying to game the system. Rollblock is offering solutions to these problems with its GambleFi, a platform that integrates blockchain technology into online gambling. 

With its RBLK tokens and the power of blockchain technology, Rollblock can offer instant transactions, very low fees, and an unmatched user experience. Rollblock also offers enhanced security by storing all bets placed on the blockchain. As a result, all bets are unalterable, providing a level playing field for all users.

Rollblock’s dominance could also spread to other parts of the crypto market through strategic partnerships with other crypto projects, and integration with other prominent crypto platforms. 2024 is undoubtedly Rollblock’s year, and many crypto analysts are confident that it could dominate this year’s bull run.

Conclusion 

The Rollblock presale is the most attractive offering in the crypto market. Solana and Dogecoin are stellar cryptocurrencies with bullish futures, but Rollblock has left them in the dust. You can still join the presale and get RBLK tokens at the discounted price of $0.0175 before its rally to a new all-time high continues.

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

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

Socials: https://linktr.ee/rollblockcasino

TunaChain, the earliest modular L2 on Bitcoin, has recently announced a new partnership. TunaChain’s exclusive collaboration with XLink focuses on improving security, efficiency, and transparency in the supply chain realm. The platform disclosed the respective initiative on its official X account.

🚀 Exciting news! TunaChain is partnering with @XLinkbtc to revolutionize supply chain management with advanced cross-chain technology. This collaboration leverages XLink’s advanced cross-chain technology, integrating it with TunaChain's platform for improved tracking and… pic.twitter.com/fUNEYhd309

— TunaChain (@TunaChain) July 30, 2024

TunaChain Commences a New Collaboration with XLink

In its new X post, the company expressed its enthusiasm about this collaboration. The platform mentioned that this endeavor denotes a crucial step forward in its advancement. The respective integration aims at facilitating improved verification and tracking procedures across diverse blockchains. By joining both the entities’ strengths, the partnership targets delivering a matchless solution to verify and manage supply chains.

The Partnership Improves Verification, and Tracking Across Diverse Blockchains

One of the chief benefits of this development deals with improved transparency. This integration will offer an immutable and clear record of the entirety of supply chain operations. Each of the supply chain-based movements and transfers will guarantee their transparency at all stages with their traceability. Another advantage of this collaboration denotes enhanced efficiency as cross-chain technology permits for unparalleled community between diverse blockchain networks.

This will enable smooth operations along with decreased redundancies without any requirement for intermediaries. Thus, it expedites the whole supply chain procedure. Apart from that the integration also offers robust verification with its cutting-edge mechanisms. In this way, it maintains the integrity of the data on the supply chain. Moreover, real-time tracking is another plus point of this integration. According to TunaChain, it delivers rapid insights and updates into the location and shipments of materials and goods.

In the world of blockchain technology, the quest for strong data solutions has taken a significant leap forward with the introduction of Irys’s new layer-1 blockchain. 

This innovative platform is designed to provide vertically integrated data storage solutions, empowering software developers with unprecedented capabilities for building on-chain products.

It’s time for something… new.If you can imagine it, you can build it on Irys:The First Programmable Datachain. pic.twitter.com/yeHYcwWCQQ

— Irys 👁️ (@irys_xyz) July 30, 2024

Revolutionizing Data Storage Across Networks

Irys’s pioneering blockchain caters explicitly to developers working with Ethereum, Ethereum Virtual Machine (EVM)-compatible chains, Solana, Aptos, and Avalanche, among others. This wide-ranging compatibility ensures that developers have the flexibility to deploy immutable data storage solutions across a diverse set of blockchain ecosystems. 

The launch marks a pivotal development in data provenance, offering a secure and permanent storage solution that stands in stark contrast to the vulnerabilities associated with centralized data infrastructures.

Josh Benaron, the founder and CEO of Irys, emphasized the critical need for secure data solutions in today’s digital landscape. He pointed out the inherent risks in relying on centralized data infrastructures, such as security breaches and data losses. Benaron’s vision for Irys is to anchor data integrity in technological guarantees rather than the existing precarious systems.

Dual-Ledger Innovation for Enhanced Security

At the core of Irys’s architecture is a dual-ledger system, which fundamentally changes how data is handled and preserved. Initially, data enters the “submit ledger,” where it remains temporarily until it can be verified. 

Once confirmed for its accuracy and completeness, the data is transferred to the “publish ledger,” which is immutable. This two-pronged approach not only enhances the security of the data but also ensures its permanence.

To further secure this system, Irys has innovatively combined proof-of-work with a staking function. This hybrid mechanism incentivizes miners to store data accurately, aligning their interests with the overarching goal of data integrity.

Ripple is in the final stages of its resolution with the SEC, and there have been a lot of predictions and false leaks regarding the meeting date. The uncertain air is troubling for many traders, and even though the XRP price is on the rise, it’s not by much.

Jupiter (JUP) is one of the top gainers among the top altcoins in terms of weekly profits, and there’s significant attention on the exchange, but Raboo is the preferred investment this time. The Raboo ($RABT) presale is pulling crowds, and its features and plans make them stay.

More on the new meme project coming up shortly.

XRP price slows to small gains as SEC meet dallies

The XRP price seemed set to end the month on a strong note–probably a bullish trend–but none of that will be happening now. The long-awaited verdict from Judge Torres and the settlement with the SEC are still unresolved aspects of Ripple’s lawsuit.

As you might expect, the token price is already slowing down, as XRP added some 2% to its value on Sunday. Preparations for a spike by holders, have been countered by the selling pressure on XRP, and the net result is, well, small gains.

But predictions are still looking up for Ripple. FXStreet analysis shows that the coin could take liquidity at $0.57, allowing for a surge in XRP price to $0.66 in the coming weeks. Good investment? Clearly, Ripple is not the top option now.

Solana’s Jupiter leads top gainers into the new week

The Solana-based exchange, Jupiter, is topping the weekly gainers list, as its JUP token hit 13% gains in the past seven days. We could also see more added to that, as a big week is brewing for the project.

Meow, the pseudonymous co-founder, has mentioned that the Jupiter project will overhaul its tokenomics after this week’s round of voting. That decision will only be official after so much discussion and, ultimately, voting, but Jupiter will be a top trending topic for the week.

A part of the impending change is a reduction of the circulating JUP tokens, as the team looks to cut about 30% of them. That sounds a lot like token burning, and every crypto old salt knows that’s good news for JUP in the future.

But will that be enough to overshadow the raging Raboo token? Most probably not!

Raboo: Meme profits, all for the long-term

What more could any meme enthusiast want? The current crop of meme coins leaves their meme makers in the background of affairs, seemingly caring more about rising through the ranks on the crypto market cap list. While that’s excellent for any project, not everyone will be Dogecoin–the path to the top is never always smooth.

That’s why Raboo is cutting out a long-term plan for its project. The Raboo tokenomics indicates a project with longevity at the centre of its concerns. Marketing for the presale and launch is supposed to take some 7.5%, while the presale places 63% of the supply in the hands of the community. There’s some 7.5% entrusted to rewarding active members who contribute their content to the meme creation process on Raboo.

And, like most meme coins these days, Raboo has 45 million coins dedicated to the burn event. Cutting down the vast token supply will become necessary, and Raboo wants to start work on it quickly to ensure Raboo holders get max profits.

And then there’s the Rabooscan software, a generative AI algorithm that sweeps through social media pages to gather meme-worthy content to be combined into relatable memes. The algorithm makes collecting memes easier while allowing for more creativity on the path of the meme makers, who will focus on sending out the best quality memes per time.

The long-term plans are great; the Raboo presale only makes the project irresistible.

Get in on the Raboo presale today!

For a limited period, Raboo will be offering its tokens with double the bonus for the current stage. Instead of a 10% bonus in Stage 4, you’ll get 20%, but only if you get the tokens during the promo period.

That’s locked in some buyers, but the other goodies are mind-boggling. The $RABT tokens are only worth $0.0048 at the moment, but investing $500 could offer you $50,000 in the next few months.

There’s a 100x spike coming when Raboo lists on a top-tier exchange, so brace for impact. Don’t sleep on this one.

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official 

Delving into the top blockchain contenders reveals that advancements abound. Solana shines with unmatched speed, and Ethereum thrives with a mature ecosystem. Yet, BlockDAG’s latest leadership announcement could leapfrog them in innovation. With Antony Turner leading a seasoned team skilled in finance, security, and tech, BlockDAG is adeptly addressing scalability. This potent mix of groundbreaking technology and strategic leadership sets BlockDAG on a path to possibly top the cryptocurrency charts.

The BlockDAG Edge: More Than Just Another Blockchain

BlockDAG is more than just another blockchain; it’s a groundbreaking innovation. Utilizing a Directed Acyclic Graph (DAG) structure, BlockDAG resolves the scalability problems that traditional blockchains face. This advanced method allows multiple blocks to be processed simultaneously, ensuring faster and more efficient transactions.

The recent team reveal for BlockDAG is a major development. CEO Antony Turner, who has over 20 years of experience in scaling technology companies, leads the charge. With Chief Security Officer Youssef Khaoulaj, the team’s expertise in finance, security, and blockchain technology positions BlockDAG to tackle the market aggressively and achieve significant progress.

With its state-of-the-art technology and a powerhouse team, BlockDAG is set for swift growth. Its ability to handle high transaction volumes securely and efficiently makes it a prime choice for developers and investors, positioning it for a rapid rise in the cryptocurrency world. BlockDAG is currently in presale coin batch 21 at $0.0164, with $62.8 million raised and a 1540% price increase since batch 1.

Solana: Speed Like No Other

Solana stands out for its blazing transaction speeds, courtesy of its Proof of History (PoH) consensus mechanism, allowing it to handle thousands of transactions each second. This has nurtured a thriving community of DeFi and Web3 applications, solidifying its place as the preferred choice for developers who value speed and efficiency.

However, despite its strengths, Solana has not been without its reliability challenges, such as network outages. Nevertheless, its dedicated community of developers is constantly refining the network to boost its stability and longevity.

Ethereum: The Established Innovator

Ethereum has been a pioneer in the blockchain arena, introducing the world to smart contracts and setting a high bar for decentralized platforms. It boasts an unrivaled ecosystem featuring thousands of dApps, DeFi protocols, and NFTs. Its shift towards Ethereum 2.0 is designed to tackle the issues of scalability and high fees, aiming to reinforce its leadership position.

Though Ethereum’s adaptability and extensive developer network are significant assets, it continues to struggle with congestion and costly transactions, challenges that Ethereum 2.0 aims to alleviate.

Why BlockDAG is Poised to Outshine

BlockDAG’s DAG-based structure marks a major technological breakthrough, offering solutions for scalability and efficiency that could entice a broad spectrum of applications and users. The recent reveal of its adept leadership team is a key advantage. With seasoned professionals who have demonstrated success in finance, security, and technology, BlockDAG is well-equipped to realize its strategic vision and stand out in the competitive crypto scene.

As the blockchain sector evolves, solutions that enhance scalability and security and foster innovation are likely to dominate. BlockDAG’s novel approach and robust leadership position it as a strong contender to join the elite ranks of the top 30 cryptocurrencies, potentially reshaping the future of blockchain technology.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

GnosisDAO has recently announced the release of its exclusive division of Gnosis Labs. GnosisDAO asserted that Gnosis AI combines the features of the Web3 and AI sectors, intending to become a central hub facilitating AI agents in the Web3 world. The platform disclosed this development on its official social media account.

We are excited to introduce Gnosis AI, a division of Gnosis Labs working at the intersection of AI and web3!Our vision is to make Gnosis the Schelling point for AI agents in web3.Details ↓ pic.twitter.com/pesqvtDRes

— GnosisDAO (@GnosisDAO) July 30, 2024

GnosisDAO Releases Gnosis AI, Combining the Features of Web3 and Artificial Intelligence

In its latest X post, the firm expressed its excitement about this initiative. The platform noted that the chief focus of the project deals with prediction markets. As per GnosisDAO, this is the zone where the platform possesses a comprehensive experience since the initial coin offering thereof. Prediction markets are presently seeing less liquidity than the rest of the categories in decentralized finance.

These categories take into account decentralized exchanges with several viable applications. Such markets deal with forecasting, risk management, and decision-making with thorough insights supporting them. The main promise of the prediction markets is benefiting from the price mechanism and crowd wisdom to create highly precise event probabilities. These markets’ effectiveness depends on the availability of sensible market participants.

According to GnosisDAO, AI agents are the best to take part in prediction markets. The potential reason behind this is that these agents can complete tasks effectively and react to incentives. Keeping that in view, the platform’s team is reportedly creating dedicated trader agents to make progress within Gnosis. The respective agents respond to binary questions with the use of diverse strategies.

The Platform Determines to Constantly Improve Trading Agents to Attain Its ‘Truth Vision’

The top performers reportedly achieve almost $65% accuracy. “Social Agent” is one of the innovative AI agents of Gnosis. It works as a representative of public relations for trading agents by analyzing recent bets of the clients. GnosisDAO also expressed its commitment to consistently enhance the trading agents for the achievement of its “truth teller” vision.

Recent developments in Near Protocol’s liquidation show a significant downturn, with the cryptocurrency dropping to $5.94, and a 5% decrease this past week, surprising traders hoping for a rebound. Meanwhile, Bittensor (TAO) has kept its ground, standing strong against market fluctuations that echo the broader cryptocurrency trends.

BlockDAG (BDAG) has made a notable entry in the crypto scene, driven by CEO Antony Turner, who boasts extensive expertise in blockchain and tech industries. Under his guidance, BlockDAG’s presale has soared to an impressive $62.8 million. The unveiling of such seasoned leadership suggests that BlockDAG might soon join the top 30 cryptocurrencies post its debut.

Understanding Near Protocol’s Liquidation Dynamics

Near Protocol is currently valued at $5.94, witnessing a 5% decline over the last week. This downturn has profoundly affected futures traders who expected a price surge, leading to significant liquidation events in Near Protocol. In the unpredictable world of cryptocurrency futures, these liquidations occur when market trends oppose traders’ expectations.

Over the recent week, the value of liquidated long positions in Near Protocol hit approximately $2.31 million, as reported by Coinglass. Despite these challenges, there is still notable interest in maintaining long positions within the futures market of Near Protocol, with the current funding rate on various exchanges at 0.0047%, showing continued trader engagement amidst liquidation events.

Monitoring Bittensor’s (TAO) Stability

Following a sharp drop of more than 70% as analyzed on July 4, Bittensor (TAO) stabilized at a support level of $190. From this point, Bittensor’s price began to recover, rising to $270, signaling the start of a recovery phase that extended into the following week.

However, the recovery stopped at $360, which seemed to act as a resistance level for Bittensor (TAO). This price point may represent a significant hurdle. The rally was partially driven by a general uptrend in the cryptocurrency market and news about Grayscale’s new fund, which targets decentralized AI technologies, including Bittensor (TAO).

BlockDAG Reaches New Peaks Under CEO Antony Turner’s Leadership

BlockDAG has recently energized the blockchain sphere with a crucial team introduction, focusing global crypto attention on Antony Turner as the CEO. This strategic unveiling has stirred considerable excitement, reshaping the competitive field and positioning BlockDAG as a strong contender in the crypto world.

Antony Turner, with a 20-year tenure at the helm of technology firms in FinTech and EdTech, now leads BlockDAG with deep blockchain acumen, highlighted by his former role as COO at SPIRIT Blockchain Capital Inc. in Switzerland. Announcing Turner as CEO has strengthened investor confidence, promising a stable and prosperous path for the BDAG coin.

The crypto community has warmly welcomed this move, with new investors attracted by the project’s strong potential under Turner’s leadership. His vast experience and visionary outlook are key drivers propelling BlockDAG to unprecedented success levels. This growing investor interest underlines the trust and optimism in Turner’s ability to lead BlockDAG forward.

Amid this burgeoning interest, BlockDAG’s presale has surged, gathering $62.8 million with 12.4 billion coins sold. This rapid progress indicates a bright future, with market observers predicting BlockDAG’s entry into the top 30 cryptocurrencies on CoinMarketCap. As this journey progresses, BlockDAG, steered by Turner’s seasoned leadership, is poised to shine as a standout crypto entity.

BlockDAG Pioneers with Visionary Leadership

As blockchain technology continues to reshape the financial landscape, BlockDAG stands out, marked by its significant presale achievements of $62.8 million under Antony Turner’s strategic leadership, amidst the challenges faced by Near Protocol and the steady market presence of Bittensor. As a defining crypto force, BlockDAG presents lucrative opportunities for progressive investors.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Trust Wallet, known for its robust self-custody services, has joined forces with The Open Network (TON). The partnership represents a powerful strategic maneuver to improve blockchain adoption through Trust Wallet’s leading technology and TON’s vast user base. 

The collaboration aims to integrate Trust Wallet’s services with TON’s dynamic platform, primarily focusing on the burgeoning sectors of gaming finance (GameFi) and decentralized applications (DApps).

Through this integration, Trust Wallet is looking to simplify the process of executing transactions with Toncoin (TON) – TON’s native cryptocurrency: a Token for Telegram Open Network. The company expects this move to make it much easier for users as they will be able to directly send Toncoin (TON) from the wallet interface without having any middle-man services. 

The collab not only widens the use and accessibility of Trust Wallet but further engages Telegram millions of users with deep needs within crypto space.

Trust Wallet & @ton_blockchain are joining forces🔥 We’re working with the #TON team to make the TON & #Telegram ecosystem even more accessible to all #TrustWallet users! Stay tuned for further updates.Explore $TON in Trust Wallet now👇https://t.co/2J9OHmd6qS pic.twitter.com/lq6CQaByRP

— Trust Wallet (@TrustWallet) July 30, 2024

Expanding Functionality and User Access

The Head of Product in Trust Wallet, Nate Zou articulated what this partnership means from a bigger picture. He highlighted the upcoming features of the wallet that were made to have a closer integration with this TON ecosystem: single-chain and cross-chain swaps support as well as the possibility of addition of TON NFTs. 

This would make Trust Wallet more flexible to become involved in different use-cases on various blockchain applications. In the near term, Trust Wallet users can look forward to the ability to import TonKeeper wallets, a move that promises to streamline user interaction with TON’s blockchain technology. 

Further down the line, the integration of TON Connect and various TON DApps will roll out, enhancing the functional landscape of Trust Wallet and enriching user experience with more accessible, community-driven blockchain solutions.

Binance Labs has announced the first set of projects admitted into its Season 7 Incubation program, focusing on early-stage Web3 innovations. The Binance Labs Incubation program supports founders developing early-stage Web3 projects, offering resources and mentorship to foster innovation in the blockchain space. It is important to note that incubation admission is distinct from lab investments.

We’re thrilled to unveil the first batch of projects that we admitted into Season 7 Incubation@AstherusHub@cyclenetwork_GO@dill_xyz_@EigenExplorerNote: Incubation admission isn’t the same as Labs investments.Learn more about the projects (listed alphabetically) below 👇

— Binance Labs Fund (@BinanceLabs) July 30, 2024

Astherus Hub is a liquidity hub for staked assets, including liquid staking tokens (LSTs) and liquid restaking tokens (LRTs). The project aims to enhance liquidity and efficiency in the staking ecosystem.

Cycle Network

Cycle Network provides a universal, secure, and verifiable chain abstraction. It offers a bridgeless aggregate liquidity network for all blockchains, whether they are Layer 1 (L1), Layer 2 (L2), Ethereum Virtual Machine (EVM) compatible, or non-EVM compatible.

Dill XYZ is the most scalable data availability network, fully aligned with the Danksharding roadmap. It promises to improve data availability and scalability in the blockchain space. EigenExplorer is EigenLayer’s first native DeFi protocol, aiming to innovate within the decentralized finance sector by leveraging the EigenLayer’s capabilities.

The Binance Labs Incubation program continues to drive the growth of Web3 technologies by supporting promising projects in their early stages. For more details on Season 7 and the projects, visit Binance Labs’ official page.

The cryptocurrency arena is abuzz with activity. Maker (MKR) is on the brink of a breakthrough, possibly exceeding $3000, while ChainLink grabs the spotlight by joining forces with Colombia’s biggest bank to enhance the transparency of the COPW stablecoin.

In the midst of these events, BlockDAG strategically introduced its team, spearheaded by CEO Antony Turner. This move is part of BlockDAG’s broader vision to secure a spot among the top 30 cryptos by market cap. With a robust start in its presale and a bold price target of $1, BlockDAG is quickly becoming a top pick for savvy investors.

Maker (MKR) Price Surge: Will It Top $3000?

Currently, MKR is demonstrating a bullish trend, with a noticeable uptick in price, suggesting it might soon cross the $3000 threshold. Over the past 24 hours, MKR’s trading volume jumped 39.20%, hitting $125.18 million. After three months of adjustment, MKR now shows a promising upward trajectory.

MKR’s current price stands at $2759.20, marking a 2.36% rise within a day. Its technical indicators point to continued buyer interest, highlighted by a golden crossover and an ascending RSI. While the prospect of reaching $3050 looks likely, which could pave the way to $3500, market volatility and profit-taking might cause a temporary dip.

ChainLink’s Latest Update: Boosting COPW Stablecoin’s Trust

ChainLink is making waves with its recent alliance with Bancolombia Group, Colombia’s largest banking institution, to implement a Proof of Reserve for the COPW stablecoin. This move increases COPW’s transparency, ensuring it is fully backed by Colombian Pesos. This partnership is Bancolombia’s entry into the web3 arena, showcasing the trend of traditional financial players adopting blockchain technology.

This partnership is likely to enhance ChainLink’s adoption, especially as it plans to incorporate more features like Price Feeds and Cross-Chain Interoperability Protocols. ChainLink’s involvement in such significant projects continues to cement its position as a top crypto investment.

BlockDAG’s Leadership, Guided by CEO Antony Turner

The unveiling of BlockDAG’s leadership team, led by CEO Antony Turner, marks a crucial step in the project’s development. Antony Turner, with his rich background in technology, fintech, and cryptocurrency, brings over two decades of expertise in financial planning and business management. This leadership transition not only boosts transparency and fosters community trust but also attracts significant attention from major investors.

Antony Turner’s evolution from strategic roles at SPIRIT Blockchain Capital to his role in the founding of SwissOne Capital in Switzerland illustrates a career rich with impactful transitions. With the latest developments at BlockDAG, his leadership is set to enhance transparency, boosting investor confidence and drawing significant investment from crypto enthusiasts.

BlockDAG’s commitment to openness, driven by Turner’s capable guidance, offers not just a narrative of trust but a powerful call to investors looking for innovation coupled with stability. This leadership reveal not only raises the profile of BlockDAG’s ongoing presale, which has already gathered over $62.8 million but also strengthens its path to a forecasted $1.

Final Thoughts

BlockDAG’s transparent strategy, championed by CEO Antony Turner, emphasizes the project’s dedication to trust and enduring value. With the leadership team now public, showcasing a lineup of seasoned professionals, and a successful presale underway, BlockDAG is on track to meet its ambitious $1 target.

As MKR aims for a new price milestone and ChainLink expands through strategic partnerships, BlockDAG’s clear vision and solid leadership are prominent. For investors eyeing promising crypto opportunities, BlockDAG’s ongoing presale offers a compelling choice.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Starting August 2nd, Ethena Labs has teamed up with Bybit to introduce a new feature for crypto traders. Bybit users can now earn rewards by holding or using USDe as collateral. This innovative feature offers up to 20% APR, paid daily, for keeping USDe in Bybit accounts or using it to trade derivatives.

Introducing USDe as reward bearing stable margin collateral with @Bybit_Official:As of August 2nd, all Bybit users will be able to earn up to 20% APR, paid daily, for simply holding USDe, or trading derivatives with USDe collateral, in your Bybit accountsDetails below: pic.twitter.com/BhGGTFTHlR

— Ethena Labs (@ethena_labs) July 30, 2024

Bybit Introduces Top APR for USDe Collateral, Enhancing Trading Efficiency

This APR rate is the highest that users can find for any USD-denominated asset on Bybit. Daily APR earnings can be monitored from the Saving or the UTA/Funding account navigation. This new system is designed to make the best out of USD collateral that amounts to more than $30B across exchanges.

With this integration, Bybit enables users to earn passive incomes on their USDe collateral, which can be seen as a milestone in trading advancement. This feature is unique within the crypto market and is aimed at improving the utilization of capital for various trading strategies. Users will receive their rewards every day at 6 AM UTC directly to their Funding account with no minimum holding requirement.

Bybit Removes Fees for USDe/USDT and USDe/USDC Trades

According to the information on Bybit, there will be no fees if one wishes to buy or sell USDe through the USDe/USDT or USDe/USDC trading pairs. This too makes USDe even more appealing and more likely to be adopted given the fact that this fee has been removed.

In the long run, this launch is a huge milestone for the development of USDe since it would mean more usage in both CeFi and DeFi settings. As Bybit and Ethena Labs adopt USDe for their utilization, they are eradicating dominance set by stablecoins and providing new paradigms in trading and investing in the crypto space.

BlockDAG is making waves with its $2 million giveaway, igniting a surge of community engagement. Already, over 100k participants have flocked to join the gleam competition. This initiative has significantly increased community involvement, driving the presale past $62.5 million in July.

In contrast, Cardano (ADA) has seen its share of ups and downs, but recent performance indicates potential growth with a 16.72% rally in the last week. BONK, a meme coin on the Solana blockchain, has caught the spotlight as well, though analysts remain cautious about the sustainability of its recent price spike. When compared to Cardano and BONK, BlockDAG’s strong community engagement and timely app release make it a standout investment option.

BlockDAG’s $2M Giveaway and Early Miner App Launch Generate Significant Hype

BlockDAG’s recent $2 million giveaway announcement has generated a wave of excitement in its community. With 16 days left, participants are actively engaging on social media, submitting wallet addresses, and completing various tasks to boost their chances of winning.

Additionally, BlockDAG has launched its X1 Miner app on the Apple App Store, enabling users to begin mining on the Devnet. To start, users need to register on the BlockDAG app and activate mining by swiping right on the “Swipe Me” button. This feature allows for direct BDAG coin generation from the app.

The presale has shown significant growth, with prices increasing from $0.001 in Batch 1 to $0.0164 in Batch 21, a 1540% surge. So far, the presale has raised $62.5 million, with over $4 million generated from the sale of nearly 10,000 miners. For investors, these milestones indicate strong community backing and significant growth potential, positioning BlockDAG as a promising investment.

Rapid Price Movements in BONK Raise Eyebrows 

BONK, a meme coin based on the Solana blockchain, has recently garnered attention for its swift price changes. However, Altcoin Sherpa, a knowledgeable Dogecoin analyst, cautions that this surge might be a “dead cat bounce.” 

This phenomenon describes a temporary and deceptive recovery in a falling asset’s price, often leading investors to mistakenly believe in the start of a prolonged upward trend. Altcoin Sherpa highlights that BONK’s recent price jump lacks strong fundamental support. While meme coins are exciting, it’s vital to understand the key factors driving their value.

Cardano (ADA) Volatility with Growth Potential 

Cardano (ADA) has seen a turbulent year in 2024, beginning with a major price rise followed by a sharp decline. After a 10% drop in early July, ADA saw a strong rebound, gaining 16.72% in the past week. 

Despite only 16 positive days in the last 30, the strength of this rally indicates potential. ADA is nearing a resistance zone just above $0.45, which will test its durability. Even if ADA faces a pullback at this resistance, staying above the $0.43 support level could present another growth opportunity. With the Chang hard fork expected before the end of July, ADA’s recent positive momentum makes it a noteworthy investment option.

2024 Market Overview

In conclusion, BlockDAG’s strategic initiatives like the $2 million giveaway and the X1 Miner app release have significantly galvanized its base, showcasing robust growth and community backing. While Cardano offers potential amid its ups and downs, and BONK remains a high-risk, high-reward option, BlockDAG presents a well-rounded, stable investment choice. Its solid community engagement and innovative technology position it as a top contender in the volatile crypto arena, promising substantial returns and market resilience.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

BlockDAG has made remarkable strides in the crypto arena, thanks largely to its partnership with UFC champion Alex Pereira. Pereira’s reputation for strength and creativity in kickboxing has significantly bolstered BlockDAG, helping it raise an impressive $62.8 million in its presale, witnessing a monumental 1540% increase in value. This collaboration has drawn the attention of both sports enthusiasts and crypto investors, propelling BlockDAG into the international limelight.

Meanwhile, Polkadot (DOT) is grappling with potential price drops, with its value lingering around $6 and struggling to maintain crucial support levels. Conversely, Polygon (MATIC) has experienced an upswing in high-value transactions, signaling a robust interest from significant investors.

BlockDAG’s $62.8M Presale Enhanced by UFC Icon Alex Pereira

BlockDAG’s alliance with UFC champion Alex Pereira has significantly elevated its market presence and presale achievements. Pereira, known for his strategic prowess and strength in kickboxing, personifies BlockDAG’s innovative spirit in the crypto world.

This alliance has not only amplified BlockDAG’s international visibility but also played a pivotal role in its presale success, accumulating an impressive $62.8 million with a 1540% price escalation. Pereira’s influence has captivated both sports fans and crypto investors, mirroring BlockDAG’s strategic maneuvers in the competitive crypto sphere.

As BlockDAG’s main sponsor, the commitment to excellence and innovation is clear, aligning with the interests of both sports and crypto communities. This collaboration has sparked substantial interest and confidence in BlockDAG’s potential, with over 12.4 billion coins sold during the presale. For prospective investors, BlockDAG’s robust growth, high-profile partnerships, and innovative strategies present a lucrative opportunity in the dynamic crypto landscape.

Polkadot (DOT) Risks Further Downturn: Crucial Signals to Monitor

Polkadot (DOT) investors may face additional declines unless there’s a significant turnaround soon. Various indicators hint at ongoing challenges as DOT’s price teeters around $6. The critical support zone at $5.45 was vital for its ascent above $6, but after peaking at $6.49 on July 22, DOT suffered a 7.64% decline, dropping to $5.96 before a modest rebound.

Current signals indicate that DOT is still in a precarious position. The token is trading beneath the 21-day Exponential Moving Average (EMA), suggesting a potential decline. Moreover, the Relative Strength Index (RSI) is below the neutral 50 level, reflecting weak market momentum.

Polygon Experiences a Surge in Whale Transaction Volume

Polygon (MATIC) has witnessed a significant increase in large transaction volume, underscoring a surge in interest from major investors, or “whales.” In the last 24 hours, Polygon registered $152.75 million in substantial transactions, marking a striking 745.3% increase, as per IntoTheBlock data.

Such considerable transactions usually suggest that major investors are optimistic about the asset’s future, rendering it an appealing choice for individual investors. For those looking to capitalize on emerging trends, Polygon’s scalable solutions offer efficient, cost-effective transactions on the Ethereum network, enhancing its attractiveness.

Key Insights

BlockDAG, with its notable $62.8 million presale success and strategic partnership with UFC champion Alex Pereira, emerges as a promising investment. Its rapid expansion and innovative tactics make it a compelling choice for investors. In contrast, Polkadot (DOT) faces potential declines, struggling to hold above critical support levels. Meanwhile, Polygon (MATIC) has enjoyed a notable rise in whale transactions, indicating strong interest from major investors.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Hedera’s (HBAR) latest update showcases its commitment to streamline digital asset management by integrating Blade, a Web3 self-custody wallet, into its ecosystem. In contrast, the forecast for Polygon (MATIC) suggests a rebound is on the horizon despite its recent struggles to leverage its expanding user base.

Amid these developments, BlockDAG (BDAG) is creating waves with a projected $1 price mark, fueled by the unveiling of its CEO, Antony Turner, and other team members. Turner’s extensive expertise in blockchain and cryptocurrency has sparked significant excitement about BlockDAG’s potential for groundbreaking innovations and its rising status as a top crypto contender.

Simplifying Web3: Hedera’s Strategic Innovations

Hedera’s recent update introduces Blade, a Web3 self-custody wallet, which is smoothly integrated into the Hedera network through its Whitelabel solution. This strategic advancement, supported by the HBAR Foundation, is designed to minimize the challenges for teams developing new applications, thereby bolstering ecosystem growth.

Moreover, Hedera has launched its Wallet-as-a-Service (WaaS) infrastructure, aimed at reducing the complexities and costs associated with managing digital wallets, thus making Hedera’s sophisticated features more accessible to a broader audience.

Polygon (MATIC) Experiences Setbacks Amidst Market Optimism

Despite an overall bullish market, Polygon’s (MATIC) trajectory has dipped, with the cryptocurrency seeing a downturn as its user base expands. This pattern indicates a potential shift might be around the corner, with investors hoping for a rebound after weeks of falling values.

The network’s user count has surged to 1.8 million, showcasing a growing interest that could catapult Polygon to new heights. Although the future is uncertain, the anticipated forecast for Polygon includes a possible increase to $0.80, depending on a variety of market conditions.

BlockDAG’s Strategic Unveiling: Introducing a Team of Visionaries

BlockDAG’s recent reveal event has electrified the crypto community, marking a pivotal moment in the evolution of hybrid blockchain technology. With the spotlight on CEO Antony Turner and his executive team, it’s evident that BlockDAG is setting its sights on leading the crypto race. Bringing over two decades of expertise from the software, fintech, and blockchain industries, Turner is well-equipped to navigate BlockDAG through its next stages of growth and innovation.

This leadership reveal has sent ripples through the community, igniting investor interest and enhancing the project’s profile. Under Turner’s guidance, BlockDAG is poised to announce innovations that could significantly alter its market position.

With a presale that has already amassed $62.8 million and a current coin price of $0.0164, the buzz around BlockDAG continues to build. Analysts are increasingly confident, and the speculative price target of $1 seems ever more attainable. As the most talked-about crypto currently, BlockDAG is drawing both seasoned investors and newcomers, with upcoming developments expected to further cement its market standing.

The Final Take

The updates from Hedera (HBAR) and the ongoing challenges faced by Polygon starkly contrast with the dynamic progress under Antony Turner’s leadership at BlockDAG. Turner’s profound technical knowledge in blockchain is set to propel BlockDAG to the forefront of the crypto market, pushing the boundaries of innovation and establishing new benchmarks. With a title like the hottest trending crypto and a visionary leader at the helm, BlockDAG isn’t just competing in the crypto race—it’s poised to redefine the interaction with blockchain technology.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Blockchain analytics firm Lookonchain has earlier today reported that an Ethereum Initial Coin Offering (ICO) participant, who had been inactive for nearly a decade, has suddenly moved a significant sum of cryptocurrency. 

The individual transferred 1,111 ETH, valued at approximately $3.7 million, to a new wallet. This move highlights the long-term holding strategies of early adopters and sparks curiosity about the timing and intent behind such significant transactions.

This Ethereum whale, as they are commonly referred to due to the size of their holdings, originally received 2,000 ETH during the Ethereum Genesis sale, where the price of ETH was around $0.31 per token. The dramatic appreciation in value of Ethereum since then showcases the immense potential returns for early cryptocurrency investors. 

This transaction marks one of the notable reactivations of dormant wallets from the ICO era, drawing attention to the historical aspects of cryptocurrency investments and the potential implications of such large transfers on the market.

An #Ethereum ICO participant woke up after 9 years of dormancy and transferred 1,111 $ETH($3.7M) to a new wallet.He received 2,000 $ETH($6.67M) at #Ethereum Genesis, the $ETH ICO price is ~$0.31.https://t.co/5RySljuw7R pic.twitter.com/fMoaDcmFfB

— Lookonchain (@lookonchain) July 30, 2024

Market Impact and Historical Context

Despite the significant transaction from the dormant account, Ethereum’s market price remains robust, trading above $3,300. However, it did experience a slight dip of 1.1% in the last 24 hours, which could be part of normal market fluctuations or potentially influenced by large-scale activities like this. 

The movement of such a large amount of Ethereum could signal various market sentiments, including potential future selling pressure or simply a strategic portfolio adjustment by the holder.

Historically, the reactivation of dormant accounts has sometimes preceded increased volatility in the cryptocurrency market, as large sums being moved can lead to speculative trading behaviors. Moreover, these activities often renew interest in the narratives of early cryptocurrency adopters, who have seen substantial growth in their holdings.

In the rapidly evolving world of cryptocurrency, revenue generation remains a key indicator of a project’s success and sustainability. Recently, Lookonchain, a reputable blockchain analytics firm, shared a tweet highlighting the top 10 revenue-generating projects in the crypto space. Tron (TRX) and Solana (SOL) emerged as the leaders, showcasing significant earnings over both 24-hour and 7-day periods. Here’s a detailed look at the top performers:

Here are the top 10 revenue-generating projects in crypto.#Tron ranked first, with 24-hour revenue of $1.42M and 7-day revenue of $8.67M.#Solana ranked 2nd, with 24-hour revenue of $940K and 7-day revenue of $6.38M. pic.twitter.com/nxpSaXHohK

— Lookonchain (@lookonchain) July 30, 2024

1. Tron (TRX)

Tron has secured the top spot with impressive figures. The project recorded a 24-hour revenue of $1.42 million and a 7-day revenue of $8.67 million. Tron’s robust performance can be attributed to its extensive ecosystem, which includes decentralized applications (dApps), smart contracts, and its popular TRC-20 token standard. The network’s high throughput and low transaction fees make it a preferred choice for developers and users alike.

2. Solana (SOL)

Solana continues to gain traction, ranking second with a 24-hour revenue of $940,000 and a 7-day revenue of $6.38 million. Known for its high-speed blockchain, Solana offers fast transaction times and low fees, attracting numerous dApps and DeFi projects. The network’s ability to handle thousands of transactions per second has positioned it as a formidable competitor to Ethereum.

3. Pump (PUMP)

Pump, a relatively lesser-known project, has managed to secure third place with a 24-hour revenue of $867,400 and a 7-day revenue of $6.31 million. This project’s rise highlights the diverse opportunities within the crypto space for innovative projects to generate significant revenue.

4. Ethereum (ETH)

Despite being ranked fourth, Ethereum remains a powerhouse in the crypto industry. The network generated a 24-hour revenue of $844,300 and a 7-day revenue of $8.08 million. Ethereum’s extensive use in DeFi, NFTs, and its transition to Ethereum 2.0 (a proof-of-stake model) continue to drive its strong revenue performance. The recent approval of spot Ethereum ETFs is another bullish development for it.

5. Trojan

Trojan has carved out a place in the top five with a 24-hour revenue of $673,400 and a 7-day revenue of $3.19 million. The project’s consistent earnings indicate a solid user base and effective utilization of its platform.

6. Lido (LDO)

Lido, a staking solution for Ethereum 2.0 and other proof-of-stake blockchains, ranks sixth with a 24-hour revenue of $282,600 and a 7-day revenue of $2.04 million. Lido’s role in enabling users to stake their assets while maintaining liquidity has made it a valuable service in the DeFi ecosystem.

7. PancakeSwap (CAKE)

PancakeSwap, the leading decentralized exchange (DEX) on Binance Smart Chain (BSC), earned a 24-hour revenue of $277,300 and a 7-day revenue of $1.7 million, placing it seventh. Its user-friendly platform, high yield farming opportunities, and low fees have attracted a large user base, contributing to its revenue.

8. Maker (MKR)

Maker, the protocol behind the DAI stablecoin, ranks eighth with a 24-hour revenue of $258,900 and a 7-day revenue of $1.8 million. Maker’s decentralized governance model and its pivotal role in the DeFi ecosystem ensure its continued relevance and revenue generation.

9. Uniswap Labs (UNI)

Uniswap Labs, the entity behind the popular decentralized exchange Uniswap, secured ninth place with a 24-hour revenue of $225,600 and a 7-day revenue of $1.53 million. Uniswap’s innovative Automated Market Maker (AMM) model has revolutionized trading on Ethereum, maintaining its status as a top DEX.

10. Aerodrome (AERO)

Aerodrome rounds out the top ten with a 24-hour revenue of $222,800 and a 7-day revenue of $1.56 million. This project’s inclusion underscores the varied landscape of profitable ventures within the crypto space.

Conclusion

The revenue data from Lookonchain provides valuable insights into the financial health and popularity of these crypto projects. Tron’s leadership, followed closely by Solana, highlights the competitive nature of the industry and the diverse range of platforms driving substantial revenue. As the crypto landscape continues to evolve, these projects exemplify the innovation and potential for growth inherent in the blockchain ecosystem.