The past week saw the overall crypto market drop, with the total cap dropping to some of its lowest levels. Bitcoin briefly dropped below $64,000, with altcoins following suit. Polkadot ($DOT) took a knock and currently trades below $6. 

It has been a volatile week in the crypto market. Between June 20 and June, the market cap dropped an uncomfortable 3.9% to $2.34 trillion, close to its lowest levels in five weeks. The market decline affected every coin among the top 10, with Bitcoin dropping about 4%. Prices saw minor recoveries, but market sentiment remains bearish.  

Popular altcoin Polkadot ($DOT) dropped by 10.07% over the past seven days, currently trading at $5.71. 

The Reason Behind the Market Drop is Unclear

Market analysts speculated that the market downturn was caused by the German government's significant Bitcoin sale on June 19. However, The fallout from the German government's sale was mitigated by a large Bitcoin purchase by MicroStrategy, discrediting it as an explanation.

The more likely explanation for the drop is traders’ reaction to the adverse macroeconomic outlook. Traders are reportedly concerned about the current US fiscal situation and believe the stock market may have already peaked. 

No Coin is Immune

While Bitcoin remains the general indicator of the state of the crypto market, altcoins are particularly volatile in instances of fiscal uncertainty. Despite significant positive developments in the ecosystem, Polkadot’s native coin $DOT, recently suffered a sizeable knock.

$DOT is down over 20% in the past month, dropping 10.89% over the past seven days. At the time of writing, $DOT exchanged hands at $5.68, down 1.10% in the past 24 hours.

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

The cryptocurrency market is known for its volatility, and predicting which trends will take off can be quite challenging. As we progress further into 2024, the cryptocurrency landscape has continued to evolve at a rapid pace, with new trends emerging that could reshape the market and offer significant investment opportunities.

In this guide, we are cutting through the noise, sharing our findings, and informing you about the 5 crypto trends that could explode in 2024 based on current market conditions and developments. 

Top 5 New Crypto Trends in 2024

Here are the top 5 crypto trends in 2024:

Base Chain - A Decentralized Public Chain 

Solana Ecosystem - A Fast and Scalable Blockchain 

Gamblefi - Combines Blockchain with Online Gambling 

Play-To-Earn (P2E) - Gaming Models that Reward Players with Cryptocurrency

BRC20 - Fungible Tokens Created on the Bitcoin Blockchain 

Best Crypto Trends in 2024 Reviewed

We have done detailed research and curated a list of the top crypto trends in 2024. In each section, we have carefully analyzed each crypto trend and paired it with a certain trend-related coin that embodies its potential. Read the detailed review of each crypto trend below to find out what distinguishes it from other trends and why it is gaining popularity in the crypto market. 

Base Chain - A Decentralized Public Chain

First on our list of the best new crypto trends in 2024 is Base Chain. Base Chain is making its way as a scalable and efficient blockchain, which is designed to support a wide array of decentralized applications, making it one of the best crypto trends in 2024. Essentially, Base Chain is a blockchain network that runs on Ethereum Layer-2  and was developed by Coinbase. Its goal is to improve scalability, performance, and interoperability while lowering transaction costs and settlement time on the Ethereum network. Being a decentralized platform, Base Chain allows for a diverse set of dApps and smart contracts.

The Base Chain also provides a framework for developing and deploying decentralized applications and smart contracts. Its compatibility with Ethereum's toolsets, such as Solidity and Truffle, allows developers to easily construct and deploy decentralized apps and smart contracts. This adaptability supports a diverse range of use cases, including decentralized finance (DeFi), gaming, and non-fungible currencies.

Since the network's launch in August last year, the number of active addresses has increased. According to Basescan, the cumulative count of unique addresses has skyrocketed to 80 million. Base Chain has so far been highly favored due to its lower fees and faster transactions, and it is set to propel crypto into mainstream adoption. It also has Coinbase’s 98 million user base for user acquisition at its disposal. 

Furthermore, Base Chain has a large community, including a new round of meme currency entrants with a combined market cap of around $2.1 billion. It is also presently fighting with Solana for the title of premier chain for meme coins, and in reality, it is making progress in terms of Total Value Locked (TVL). According to DeFiLlama data, its current TVL is $1.64 billion, while Solana's is $4.25 billion.

One of the ways you can invest in Base Chain technology as an investor is by investing in Base Dawgz, as Base Dawgz is catching the wave of Base Chain explosive growth. Base Dawgz is in a great position to dominate the Base chain food chain, as proven by its rising L2 layer and a rapidly expanding meme coin environment.

Base Dawgz is a meme coin that was inspired by the spirit of base jumping as well as the cultural phenomenon of the Shiba Inu meme. It is a meme coin that is designed for those who crave adventure and innovation and brings with it a unique multi-chain experience. 

With Base Dawgz's smooth interoperability between several blockchains, you can travel limitlessly through the decentralized globe. It is built on the Base Chain Network and trades on ETH, SOL, BSC, and AVAX. Base Dawgz recently launched its presale for its DAWGZ token, and the presale has already raised over $1.7 million in less than two weeks, which indicates an increase in investors' demand. 

 

One DAWGZ token is currently trading for $0.00502 and can be purchased in exchange for ETH, USDT, USDC, BNB, AVAX, and SOL. Thanks to its multi-chain ecosystem Base Chain, $DAWGZ might be an appealing choice for investors interested in tokens with long-term potential.

Additionally, $DAWGZ provides share-to-earn functionality. This means token holders can earn additional tokens by sharing the project's social media content and introducing friends to the presale. In the near future, staking rewards will be introduced for the expanding $DAWGZ community.

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Solana Ecosystem - A Fast and Scalable Blockchain

The Solana ecosystem is the second crypto trend that could potentially explode in 2024. The Solana ecosystem is a fast and scalable blockchain platform that supports a wide range of decentralized applications (dApps). It is capable of processing over 1,000 transactions per block, making it one of the fastest blockchain platforms in the world.

Solana is an open architecture for developing scalable cryptocurrency applications. The architecture is quick, safe, and resistant to censorship, with a focus on worldwide adoption. To manage time on the blockchain, Solana uses a unique mechanism known as Proof of History, which is a major component of Solana's Proof of Stake consensus process, even though it is not a consensus mechanism per se.

PoH and Solana's other important breakthroughs have resulted in a highly scalable network with a maximum capacity of 50,000 transactions per second. The blockchain remains low-cost and speedy as it scales, with an average transaction fee of $0.00025, a block duration of less than one second, and sub-second finality. Solana also ensures composability between ecosystem projects by using a single global state, eliminating the need to integrate with different shards or Layer-2 solutions.

Moreover, the Solana ecosystem has experienced tremendous growth and development thanks to its high-performance blockchain network, active community, and strategic alliances. Challenges have been faced with fortitude, and solutions have been devised to ensure the ecosystem's long-term success. As Solana matures, it still remains a dynamic force in the blockchain world, providing a scalable and efficient platform for decentralized innovation.

One popular you can invest in the Solana ecosystem is through a new ICO such as Sealana. Sealana is a memecoin built on the Solana blockchain that utilizes its fast and scalable technology to provide a seamless user experience. Sealana (SEAL), a chubby seal mascot, has sparked a new surge of interest in the meme coin market. It has gained significant traction in the market and is considered one of the top coins in the Solana ecosystem.

Sealana's design and appeal rely significantly on a hilarious and culturally relevant premise. The coin depicts a chubby seal mascot, evoking the image of an American redneck akin to characters from the popular television series South Park. The coin's rising popularity is a result of this lighthearted attitude, which has found resonance with a wide audience.

Sealana recently launched the presale of its native token $SEAL, and this presale has raised over $5 million, which indicates a strong rise in investors demand. Sealana is moving towards its sell out, and the presale will end on June 25 at 6 PM UTC. 

One $SEAL is currently trading for $0.022 and can be purchased in exchange for ETH, USDT, SOL, and BNB. You can also purchase $SEAL directly through your bank card.

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GambleFi - Combines Blockchain with Online Gambling

Ranking third on our list is GambleFi - one of the biggest trends in decentralized online gambling in 2024. Gamblefi merges the worlds of cryptocurrency and online gambling, offering new innovative ways to bet and win in the digital age. It refers to a cryptocurrency and blockchain trend that blends features of online gambling with decentralized finance (DeFi).

The goal of the GambleFi movement is to establish a financial ecosystem that will enable consumers to partake in online gambling while simultaneously enjoying the advantages of decentralized finance. Innovative features like utility NFTs that provide several benefits within the ecosystem and zero-loss betting systems, which allow users to place bets without the fear of losing their initial investment, are frequently included in GambleFi initiatives.

Although the GambleFi sector is still in its infancy, it is becoming increasingly well-known as a prominent trend in the blockchain and cryptocurrency worlds. Given the ongoing development of decentralized finance (DeFi) and the multibillion-dollar nature of online gambling, the convergence of these two industries in the form of GambleFi offers promising growth opportunities.

Investors can make their way through this ongoing trend by investing in Mega Dice - a cutting-edge online platform that caters to modern gamblers by offering a wide choice of top-tier casino games, sports betting opportunities, and more. Mega Dice is more than simply a gaming website; it is dedicated to creating a community where loyalty is recognized and rewarded. The integration of the $DICE token creates a one-of-a-kind environment in which participants can enjoy exclusive perks such as income sharing and enhanced awards.

At the time of writing, Mega Dice is the number one GameFi platform on SOL. It is not a new casino and is already a rapidly growing global crypto casino brand with over 50k players, 4000+ games from top providers, 50 + Sports and eSports, 50,000 + Players, 10,000 + Active monthly players, and $50M monthly wagering. Mega Dice recently launched the presale of its $DICE token. The presale has already raised over $1.5 million, indicating a rise in investors' interest. One $DICE currently trades for $0.075 and can be bought in exchange for SOL, ETH, and BNB.

The reason for excitement is that Mega Dice distinguishes itself by mixing the thrill of gaming with the benefits of Bitcoin innovation, resulting in a gratifying experience for all of its customers. It offers the flexibility to play using the leading cryptocurrencies, yet it is the exclusive $DICE token that unlocks remarkable benefits, including staking rewards and additional perks simply for possessing it. While not required to play any of the casino's games, $DICE serves as an extra currency choice that offers some distinct benefits when it comes to wagering.

For holders of $DICE that have their tokens staked, Mega Dice has introduced the first of its kind daily rewards which are based on the performance of Mega Dice Casino. This simply means that everyone can share in the success of one of the world's fastest-growing online crypto casinos, making now a perfect time to enjoy the benefits that come with holding $DICE.

Additionally, Mega Dice players will receive limited edition NFTs that will provide them with special benefits and incentives, and they will also be able to trade them on the market if they choose. The DICE token is seamlessly integrated into Mega Dice casino, offering exclusive access, rewards, and benefits. Participants who invested early enough in the presale will receive a bonus of $DICE tokens, which will increase their initial investment value.

The $DICE token has a total supply of 420,000,000 and allows users to access exclusive materials, participate in community governance, and receive special rewards and privileges. 35% of the token is allocated to the presale, and 15% is allocated for an airdrop for players. An additional 15% is set aside for LP, 15% accounts for the Casino $DICE pool, 10% for staking rewards, a further 5% is allocated to marketing/KOL deals, and 5% is set aside for affiliates. 

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Play-To-Earn (P2E) - Gaming Models that Reward Players with Cryptocurrency

Coming fourth on our list of the 5 new crypto trends that could explode in 2024 is Play to Earn. Play to Earn, or P2E is a gaming trend that encourages users to earn money by playing games. The trend can be seen in the rise of games that offer in-game microtransactions as a way to make money in the form of NFT or crypto. These games frequently allow users to win rewards for playing the game regularly.

The Play to Earn model has quickly become one of the most popular crypto trends of 2024. The P2E concept has steadily grown in popularity, with interest in Play To Earn increasing by 44% over the last year compared to the previous year, resulting in a current number of 24K searches each month as of last month.

Notably, the Play-To-Earn model transforms the gaming industry by allowing players to earn real money or crypto tokens through gameplay. It is commonly employed when creating blockchain-based games. Its name is pretty self-explanatory: you play the game to win cryptocurrency coins or tokens.

Play to Earn games typically reward players for completing tasks, winning fights (in some situations), and taking care of their characters as much as possible. Everything depends on the game. While one P2E game may allow you to fight creatures and defend your world against your own, another, such as Play Doge, may provide you with a lovely character to care for by feeding it, ensuring it sleeps well, exercises, has a lot of fun, and is always happy and healthy.

Since the beginning of the year, the P2E sector has grown remarkably, and we now have a wide range of games to pick from. Each has its own set of advantages and storylines, and the action is usually rather engaging. What matters most is what you're looking for, and most likely, you'll find the perfect Play to Earn game for you.

These incentives take the form of in-game assets such as cryptocurrency tokens, virtual land, skins, weaponry, and other NFTs. Because the game is decentralized, players can buy, transfer, and sell in-game assets outside of the virtual world for real money.

Play-to-earn games also allow users to gain incentives without having to spend money, at least during the registration process when connecting wallets. This means that even individuals who are unemployed or looking for side jobs can earn a fair living and provide for their families while relaxing at home and playing video games. In this concept, others can easily follow suit and join the game's ecology.

You can join this trend and involve yourself in the Play to Earn sector by investing in PlayDoge. PlayDoge is the ultimate P2E Doge companion game. It is also the ideal mobile play-to-earn (P2E) game, transforming the popular Doge meme into a Tamagotchi-style virtual pet. You can secure your $PLAY tokens in the ongoing presale to earn crypto while playing nostalgic 2D retro game adventures.

Practically, PlayDoge is a mobile game that blends the popular Tamagotchi virtual pet experience with the innovative digital economics of cryptocurrencies. Investors can nurture their PlayDoge by feeding, entertaining, training, and ensuring they get enough sleep. And with PlayDoge, you can dive into classic 8-bit side-scrolling adventures, relive the '90s nostalgia, and also earn crypto along the way.

PlayDoge brings the virtual pet craze into the 21st century with high-definition pixel graphics, intuitive touchscreen controls, interactive pet care, and blockchain security. Owners must provide the essentials to keep their PlayDoges alive and complete game levels to form a strong bond with their companion while earning $PLAY tokens.

Play Doge recently launched the presale of its PLAY tokens. The presale has raised over $4.6 million, indicating a huge rise in investors' interest. One $PLAY is currently trading for $0.00509 and can be bought in exchange for ETH, USDT, BNB, and directly through your debit or credit bank card. 

$PLAY, the native token of PlayDoge, has some very interesting features that make PlayDoge one of the best meme coins to invest in in the play-to-earn sector. $PLAY is the primary in-game currency for transactions and unlocking special features. $PLAY is acquired by interacting with pets and achieving success in the P2E game and also, $PLAY is valuable as a rewards token within the P2E game design and as a marketable asset in the cryptocurrency market.

Overall, PLAY tokens establish a financial incentive system that is closely related to a player's ability to care for their virtual pet, instilling real-world consequences in the Tamagotchi experience. As an investor, you will earn more $PLAY tokens by maintaining the health of your PlayDoge and mastering mini-games. However, failure to adequately care for your PlayDoge may result in it fleeing or perishing, so it is best to stay attentive and nurture your pet to maximize your $PLAY rewards.

Additionally, $PLAY token holders who interact with the PlayDoge app will have access to the Leaderboard. Players earn XP by attending to their Doge's requirements and completing mini-game levels. The top XP earners on the leaderboard will receive additional $PLAY tokens and exclusive goodies. These incentives are only available to $PLAY token holders.

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BRC-20 - Fungible Tokens Created on the Bitcoin Blockchain

BRC20 is a token standard for the Binance Smart Chain (BSC) network that enables the creation of tokens with advanced features and functionality. BRC20 has gained significant traction in the market, with many developers opting for BRC20 over other token standards.

The BRC-20 tokens are an experimental standard within the Bitcoin network that seeks to broaden its capabilities beyond simple peer-to-peer transactions. Also, BRC-20 tokens seek to transform the Bitcoin ecosystem by democratizing finance, encouraging innovation, and accelerating growth.

These types of tokens are an innovative solution to Bitcoin's inherent programmability limits, utilizing ordinal inscriptions to create semi-fungible assets on the Bitcoin network. To date, BRC-20 tokens have taken advantage of the Bitcoin network's existing infrastructure and security. Token creation has been simplified compared to other standards that need complicated smart contracts. The powerful structure of the Bitcoin blockchain has resulted in increased security mechanisms for BRC-20 tokens.

Despite only starting as an "experiment," BRC-20 tokens have become extremely popular. This technology has been utilized to create over 14,000 tokens, which have a collective market capitalization of $600 million and are still in circulation as of the time of writing. The excellent reception it has received from cryptocurrency enthusiasts is partly due to the status and popularity of the Bitcoin network that runs it.

One notable platform for BRC-20 tokens is 99Bitcoins. This platform allows users to create and trade BRC-20 tokens, leveraging the security and stability of the Bitcoin blockchain. 99Bitcoins is set to become a major player in this emerging trend.

99Bitcoins, which is known as the future of Learn-to-Earn, has just recently launched an ongoing presale for its Learn-to-Earn token, the 99BTC token. 99Bitcoins was developed to reward people for learning about cryptocurrencies. The classic 99Bitcoins platform is collaborating with BRC-20 to establish the L2E model on the Bitcoin network.

Since 2013, 99Bitcoins has been the most comprehensive online learning resource in crypto. It is now pioneering the next evolution of rewards with Learn-to-Earn. The platform has a community with over 709k followers, 2,845,886 email subscribers, and crypto courses of over 79 hours.

The BRC-20 standard enables the minting and transferring of fungible tokens on Bitcoin, and 99Bitcoins aims to leverage BRC-20 to create a synchronous Learn-to-Earn platform that rewards users for learning about crypto. With 99Bitcoins, users can unlock additional learning modules, quizzes, and tutorials that will help make their learning experience engaging and enjoyable.

As a 99BTC holder, you will also be able to maximize your trading with expert crypto trading signals that will give you an edge in fast-moving markets. You also have the opportunity to join VIP community groups and mentoring, where you can learn from like-minded individuals, share insights, and develop your crypto knowledge.

99BTC has a total token supply of 99,000,000,000, and this novel utility token allows all 99Bitcoin users to earn crypto while learning about crypto. Also, as a token holder, you can earn rewards by staking tokens if you don’t have time to learn. So, if you are already a seasoned investor who doesn’t care about learning, you can simply stake your $99BTC tokens in 99Bitcoins, secure smart contracts, and earn passive rewards.

It is important to note that you will receive $99BTC directly into your wallet as you complete the full curriculum and engage with the 99Bitcoins community. These token rewards you have earned so far can be used to view premium content, access discounts on partner products and services, and trade on-chain.

The presale has raised over $2.2 million, indicating a strong investor interest rise. One $99BTC is currently trading for $0.0011 and can be bought in exchange for ETH, BNB, and USDT. You can also purchase it directly through your credit or debit bank card.

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Other Top Crypto Trends to Watch in 2024

There are several other crypto trends to watch in 2024. Below, we have outlined only a few of them:

Crypto ETF approvals - The SEC has recently approved a variety of crypto-related ETFs that can be purchased by retail investors without the need to open a crypto account.  

AI applications in the crypto market - AI is making a huge progress in the crypto sphere, with many AI applications integrating with the blockchain network. 

Increase in crypto regulation - Since the beginning of the year, many regulators around the world have made some crucial decisions to regulate cryptocurrencies. 

NFT rentals - A huge crypto trend that enables users to rent in-game products, characters, and certain features. 

Decentralized finance (DeFi) - The DeFi market continues to grow in 2024, with new DeFi applications and technology improvements. 

Funding, mergers, and acquisitions in the crypto market - With crypto funding and M&A on the rise, the crypto market becomes a unique landscape. 

Cross-border of CBDC networks - Central bank digital currency (CBDC), which is a form of digital currency issued by central banks, can be a huge game changer in the future of cryptocurrencies. 

Increase in Layer 2 Smart Contracts - Layer 2 solutions are a new revolutionary technology that can improve scalability, reduce costs, and offer faster transaction time. 

Sustainable and green cryptocurrencies - Due to the negative environmental effects of the mining process for Bitcoin and other cryptos, new green and sustainable cryptocurrencies are developed to solve this problem. 

Final Word 

In summary, staying informed about the latest trends is crucial for making informed investment decisions as the crypto market evolves. The crypto market is dynamic, and every trend can be the next thing to explode. 

The trends highlighted here represent significant opportunities in 2024, offering potential for both innovation and profit. Revolutionary technology platforms like Base Dawgz, Sealana, or 99Bitcoins can be a great opportunity to invest in 2024 and beyond. 

Buy Base Dawgz

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

Crypto staking has become a popular way of making passive income online. Among the many cryptocurrencies, Solana (SOL) is unique as it has a very high market potential and an impressive growth trajectory. In this blog post, we will explore the market potential of Solana, give some basics about cryptocurrency staking and provide a complete guide on how to stake Solana using CryptoHeap. Additionally, we will introduce different types of staking products provided by CryptoHeap and discuss why it is considered the best crypto staking platform.

Market Potential of Solana and Staking Rewards

Can Solana Reach $1000?

Solana has quickly gained popularity in the cryptocurrency market. It is known for its fast transactions and low fees thus getting the attention of many investors. In May 2024, Solana secured 60% new DeX trading volume showing its increasing influence over the decentralized exchange market. Analysts have positive outlooks on Solana’s future with some even predicting that it can reach $1000 because of its innovative technology and growing ecosystem.

Basics of Cryptocurrency Staking

Cryptocurrency staking involves participating in transaction validation on a proof-of-stake (PoS) blockchain by locking up a certain amount(s) of cryptocurrency. This not only secures the network but also rewards stakers with additional cryptocurrency coins/tokens. Stacking is a great way to earn passive income and make money online since you keep earning regular staking rewards which can be reinvested or withdrawn as required.

Staking Solana on CryptoHeap

Introduction to CryptoHeap Platform

CryptoHeap is known as the best crypto staking platform that offers users seamless and rewarding experience throughout their stake duration(s). Some key features and benefits offered by CryptoHeap include:

Sign-Up Bonus: Upon signing up new users receive $100 as a bonus.

Referral Program: By referring friends to join CryptoHeap, you will earn 3.5% of their deposited amount as your referral bonus.

User-Friendly Interface: Intuitively designed for both novice investors and experienced ones alike, it provides an easy-to-use platform that supports staking multiple cryptocurrencies at once.

High Security: With state-of-the-art security measures in place, CryptoHeap ensures maximum protection for users’ assets while they are being staked on its platform.

These features make CryptoHeap an excellent choice for anyone looking to make most out of their crypto earnings through stacking.

The Crypto Staking Process of Solana 

Registration and Account Setup:

Go to the Best Crypto Staking Platform CryptoHeap  and sign up for an account.

Step-by-Step Guide to Staking Solana:

Go to the staking section on the platform.and choose Solana.If you are interested in other staking products, feel free to browse

Choose Solana from the available list of stacking options provided.

Enter the desired amount of Solana tokens you’d like to stake then confirm transaction(s).

Keep an eye on your rewards by monitoring them through staking dashboard(s).

Calculation and Collection of Staking Rewards:

Based on amount stacked and duration, CryptoHeap calculates staking returns transparently. 

Regularly paid out which can be reinvested or withdrawn making an effective way of making money online.

Introduction to CryptoHeap Staking Products

What are CryptoHeap Staking Products?

CryptoHeap has many different staking options for all types of investments. Here is an overview of some exclusive staking crypto packages:

Arbitrum: Stake $100 for 1 day and earn $2 in daily and total rewards.

Toncoin: Stake $200 for 1 day and earn $4 in daily and total rewards.

Sui: Stake $600 for 6 days and earn $6 daily, $36 in total rewards, and $6 in referral rewards.

Polygon: Stake $1,500 for 8 days and earn $16.50 daily, $132 in total rewards, and $18 in referral rewards.

Cardano: Stake $5,000 for 12 days and earn $60 daily, $720 in total rewards, and $70 in referral rewards.

Ethereum: Stake $8,000 for 16 days and earn $104 daily, $1,664 in total rewards, and $128 in referral rewards.

Tron: Stake $10,000 for 20 days and earn $130 daily, $2,600 in total rewards, and $170 in referral rewards.

Solana: Stake $15,000 for 25 days and earn $210 daily, $5,250 in total rewards, and $300 in referral rewards.

Bitcoin: Stake $30,000 for 30 days and earn $480 daily, $14,400 in total rewards, and $690 in referral rewards.

Chainlink: Stake $50,000 for 40 days and earn $950 daily, $38,000 in total rewards, and $1,650 in referral rewards.

Cosmos: Stake $100,000 for 50 days and earn $2,100 daily, $105,000 in total rewards, and $3,800 in referral rewards.

Uniswap: Stake $150,000 for 55 days and earn $3,750 daily, $206,250 in total rewards, and $6,750 in referral rewards.

With such variety available there should be no problem finding something suitable for everyone looking forward to earning some serious money through these methods while also having a few sleepless nights along the way due to all the confusion caused by the unusual language employed here sir/madam!

Conclusion

CryptoHeap has become the leading cryptocurrency staking site with its unbeatable rewards and safety measures. Whether you are new to staking or an experienced user, CryptoHeap provides a user-friendly interface along with comprehensive options for all your Solana and other cryptocurrency needs. By utilizing what CryptoHeap offers, individuals can earn money online while maximizing their investments into various digital currencies. Begin staking on CryptoHeap today so that passive income becomes a reality when least expected!

For more information about CryptoHeap and to start staking, visit www.cryptoheap.com or contact support

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

 

Blockchain is now part of our daily lives, providing secure and decentralized solutions for finance, supply chain management, and more.

At the heart of blockchain are consensus mechanisms, which keep the networks reliable and secure. These mechanisms, like Proof of Work (PoW) and Proof of Stake (PoS), validate transactions and the integrity of the network.

A new concept, Useful Proof of Work (uPoW), takes it one step further. It uses the network's computational power for productive tasks, like training Artificial Neural Networks (ANNs). So, in the Qubic ecosystem, the energy spent on security also produces something practical and valuable.

What is uPoW?

Useful Proof of Work (uPoW) is a new way for blockchain networks to do more with the energy they use. Instead of solving random puzzles like traditional Proof of Work (PoW), uPoW uses the energy to train Artificial Neural Networks (ANNs). So the computational effort helps to advance machine learning while keeping the network secure and decentralized.

While PoW is often criticized for wasting energy, uPoW turns that energy into something useful. It secures the network and solves real-world problems. Other methods, like Proof of Stake (PoS), use economic incentives to validate transactions but can face issues with centralization and security.

uPoW differs by using the energy the miners use for something valuable, namely to improve AI models. This dual purpose of securing the blockchain and advancing AI is a big step forward for blockchain technology.

How uPoW Works

Useful Proof of Work (uPoW) uses the computational power of the blockchain network for something productive by combining traditional mining with valuable tasks like training AI models. Instead of solving random puzzles, the miners (called "computers") work on complex AI training tasks, using the network's resources for something useful.

In uPoW, the protocol assigns specific AI training tasks to the computers. These tasks involve processing large datasets and require a lot of computational power. Miners with the right hardware and algorithms compete to complete these tasks, and their performance is measured by how accurately and quickly they complete the training. This determines their ranking in the network.

The uPoW system keeps the network secure and decentralized by spreading the AI tasks across many computers. This prevents any single entity from taking control. All training tasks and results are stored on the blockchain, so everything is transparent and immutable. Everyone can verify the process, maintaining trust and security. uPoW uses the computational power for something useful, so it’s more secure and useful.

Qubic and uPoW

Qubic is a blockchain project that makes decentralized networks more useful and efficient with Useful Proof of Work (uPoW). We want to change the way we mine blockchains by adding meaningful tasks like training Artificial Neural Networks (ANNs). This secures the network and advances artificial intelligence.

Qubic integrates uPoW into its system by directing the network’s computational power towards AI training tasks. Instead of just validating transactions, Qubic’s miners (computers) train machine learning models on large datasets. Their performance is ranked based on the accuracy and speed of their AI training results. So the energy used in mining is used productively.

Qubic has made big progress with uPoW, proving it works to secure the network and train AI models. They have created a transparent system to record AI tasks on the blockchain so everything is verifiable and trustable. This transparency builds community trust and sets a high bar for accountability.

Qubic also got support from the blockchain and AI communities by hosting events and meetups to talk about uPoW and its use cases. These events bring people together and drive the development of uPoW.

One of the events is the Qubic X BAYC Banana & Burger Community Meetup, which will be held on June 28, 2024, from 5pm to 9pm at Bored & Hungry in Seoul, Korea. Admission is one banana per person. This meetup brings together NFT enthusiasts from various communities for all-you-can-eat burgers and fries, banana-themed activities and Qubic Goodie Bags. It’s a great opportunity to network and community building.

uPoW benefits for AI-based platforms

AI needs a lot of computational power because training advanced machine learning models, especially deep learning algorithms, involves processing large datasets and many complex calculations. Without enough computational resources, training becomes slow and inefficient and slows down AI progress.

The Useful Proof of Work (uPoW) system helps by using the energy from blockchain miners for AI training tasks. This makes the training faster and more cost-effective since it uses the existing blockchain network instead of expensive, dedicated supercomputers. AI platforms can then benefit from the blockchain’s decentralization and scalability to train and deploy models faster and more efficiently.

Decentralization is key to uPoW. By spreading AI training tasks across a wide network of miners, it prevents any single entity from controlling the process and avoids biases and manipulation. Blockchain’s on-chain transparency ensures that every training task and its outcome are recorded and verifiable by all, so trust and fairness are maintained.

uPoW vs. Other Consensus Methods

Useful Proof of Work (uPoW) improves blockchain by combining security and useful computation. Unlike traditional Proof of Work (PoW) which uses a lot of energy to solve complex puzzles with no productive output, uPoW directs that energy towards useful tasks like AI training. It’s more resource-efficient and valuable.

PoS and DPoS are more energy efficient than PoW but can lead to centralization, where wealthier participants have more control. uPoW prevents that by distributing the computational tasks across a wide network of miners so no single entity can have too much control. The AI training tasks in uPoW ensure the work is transparent and verifiable on the blockchain, which increases trust and integrity.

In Closing

uPoW is a game changer for blockchain and AI, using computational resources for useful tasks while keeping the network secure. Qubic is leading the way by implementing uPoW, making blockchain more productive and decentralized. They show how blockchain can support and fuel AI development, evolving the consensus mechanisms.

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

 

This week's major news is that the SEC is bowing out of its investigation into Ethereum. The regulatory agency has, for now, dropped its attempts to categorize ETH as a security thanks to the pressure put on it by Ethereum developer Consensys.

Despite the SEC’s dropping of the investigation, Consensys has decided to proceed with the lawsuit against the regulatory agency. Let’s find out more. 

Bitcoin

UK-based Standard Chartered is officially establishing a spot Bitcoin and Spot Ethereum trading desk. The London-based desk will soon begin operations and be part of the bank’s FX trading unit. 

MicroStrategy has further solidified its position as the largest corporate holder of Bitcoin by acquiring 11,931 BTC for $786 million, bringing its total holdings to 226,331 BTC valued at nearly $15 billion.

The VanEck Bitcoin Exchange-Traded Fund (ETF) marked a significant milestone with its debut on the Australian Securities Exchange (ASX) on June 20.

Ethereum

In a major win for the crypto industry, the SEC is dropping its investigation into whether ETH is a security after Consensys sent the commission a letter requesting clarification on Ether’s category in the approval of spot Ethereum ETFs.

Leading Ethereum software company Consensys is pressing forward with its lawsuit against the SEC, seeking greater regulatory clarity for the cryptocurrency sector even after the SEC concluded its 14-month investigation into the Ethereum developer.

In 2017, Vitalik Buterin and Joseph Poon proposed Plasma as a novel solution to bring Visa-level transaction volumes (reportedly between 1,700 - 4,000 transactions per second) to the Ethereum network.

Security

On June 9, the cryptocurrency exchange Kraken revealed that it had suffered an exploit by a security researcher who robbed the platform of $3 million worth of assets. Blockchain security firm CertiK has identified itself as the security researcher after stating it had informed Kraken about an exploit that allowed it to remove millions from the exchange’s accounts. 

CBDC

After thoroughly analyzing seven potential platforms, Swiss digital asset specialist Nabatech has selected Polkadot’s Substrate blockchain to build its digital asset platform for central banks and financial institutions. 

Regulation

Tyler and Cameron Winklevoss have donated $1 million in Bitcoin each to support former President Donald Trump’s reelection campaign because of the Biden administration’s hawkish stance on crypto. 

David Hirsch, the head of the SEC’s Crypto Asset and Cyber Unit, has left the agency after stepping down from his role.

While speaking at Coinbase’s State of Crypto Summit 2024, billionaire and cryptocurrency advocate Mark Cuban said that Gary Gensler and his actions as the head of the SEC could wreck President Joe Biden’s bid for reelection. 

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

Cryptocurrencies are an innovative technology that offers easy solutions in numerous industries. The iGaming sector is one of these industries, where the adoption of digital currencies has been of great benefit to both providers and punters in different ways. Several casino games have emerged over the years, allowing players to earn while they play. 

There may be a wide range of crypto casino games, but it may be a bit tricky to find the best among them. Are you an online casino player opting to use digital assets and stake in top games at your preferred casino platforms? In this article, we'll uncover various steps you can follow to find the best games that suit your needs. 

Alt: Game Gadgets

How to Choose the Best Crypto Casino Games

The paradigm of the iGaming industry has experienced a significant transformation due to the rise of blockchain technology. Players can now earn from digital currencies, or NFTs (Non-Fungible Tokens) on their PC and smartphone, playing the best crypto slots and other crypto game types. The secrets to building wealth by playing games within the GameFi ecosystem lie in the kind of crypto games you choose. In this section, we'll walk you through steps that will guide you to pick the best crypto games.

Check the firm's reputation and team's profile

You should know that only a good house can offer the best products. If you want to enjoy the best crypto casino games, you need to research and sign up with casinos with a positive image. You must ensure that they are reliable and trustworthy.

Your preferred game should be supported by high-profile investors and have incredible partnership records. Besides, teams with successful experience develop good crypto games. So, you want to opt for games built by teams with a past record of huge profits.

Check the user base

Crypto casino games have different themes. These include action, simulations, role-playing, strategy, adventure, and so on. This is why you need to check if the games of your choice have fantastic potential for a user base. These may include mobile friendliness, high quality and retention, and well-designed gameplay with NFT and crypto tokenomics features.

Check the game's IPs

There are several benefits attached to choosing crypto casino games with a mature and strong IP. One is that the game enjoys more attention from the fans of the IP. With this, you will be rewarded for playing the games and receive extra value from such Non-Fungible Tokens. Additionally, games with established IPs often have a more robust and dedicated player base, which can lead to a more engaging and competitive gaming experience. Furthermore, these games are more likely to be developed and maintained by reputable companies, ensuring a higher quality of gameplay and ongoing support. This can provide a more stable and enjoyable gaming environment, making your investment in time and resources more worthwhile. 

Consider the payout methods and time

If you are new to the world of P2E crypto casino games, you must consider your reward-earning method for gameplay and how long your payout will take. There are crypto casino games that require huge investment for rewards, whereas others will cost you nothing but simple tasks to have your Non-Fungible Tokens or in-game cryptocurrency. 

Besides, some games pay in coins, some in NFTs, and others prefer paying in both. So, you should decide which one is suitable for you.

Know the flexibility of the coins

It is important to know that converting rewards on many P2E crypto casino games to other coins may not be a flexible process, even though the games have well-known blockchains, such as Polygon and Ethereum, as their foundation. 

The values of in-game coins are volatile, which may make selling NFTs longer than expected. Therefore, you should endeavor to know how easy it will be to get your rewards after winning games. This will influence the right game to pick.

Check the startup costs

A good question you need to ask yourself when considering choosing a crypto casino game is: how much does the start-up cost? You will need to purchase a starter pack using the digital currency. 

But you should note that the games are different from one to another. So, the cost may vary. This means that the entry cost for Axie Infinity will differ from that of Decentraland. You should opt for games you can afford and build up your wealth through the profit you make. 

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

 

Italy reportedly plans to introduce stricter crypto surveillance measures due to the risks associated with digital assets. 

News agency Reuters reviewed an Italian draft decree detailing plans to adopt stricter crypto oversight measures over the risks tied to these assets. Measures include extremely high fines ranging between 5,000 and 5 million euros ($5,400 - $5.4 million) for offences such as market manipulation. 

Massive Fines for Insider Traders

According to Reuters, Italy is planning to introduce stringent crypto surveillance mechanisms and tougher sanctions regarding concerns of risks tied to cryptoassets. The decree, part of a broader scheme to improve sector surveillance, details that insider traders who unlawfully disclose insider information or engage in market manipulation could face fines between 5,000 and 5 million euros. 

Members of the European Union (EU) are preparing for the implementation of the much-awaited Markets in Crypto Asset (MiCA) regulation. MiCA, first passed in 2022, is a comprehensive regulatory framework regulating the digital asset industry across the bloc. The regulation takes full effect at the end of 2024 and requires intense preparation. Part of MiCA’s preparation process requires countries to decide which local regulator will assist in crypto supervision.

The local regulators tasked with supervision are called National Competent Authorities (NCA). Per the draft decree, Italy designated its central bank and market watchdog, Consob, as its NCA.  

Crypto Under Heavy Criticism from the European Banking Industry

The cryptoasset industry has faced severe criticism from the European banking industry and financial agencies, with an overwhelming anti-crypto sentiment from these traditional monetary bodies. 

Opinion

MiCA goes a long way to establishing a safer environment for consumers. It could be argued, in part at least, that introducing such an encompassing framework could be seen as bending to the views of these traditional institutions. Christine Lagarde, President of the European Central Bank, famously shared her opinions of cryptocurrencies, stating they are “worth nothing.”

According to Lagarde, crypto should be regulated to protect inexperienced investors. 

While regulation is undoubtedly necessary, the danger lies in the over-regulation, which may, in fact, lead to crypto being heavily suppressed in Europe. 

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

UK-based Standard Chartered is officially establishing a spot Bitcoin and Spot Ethereum trading desk. The London-based desk will soon begin operations and be part of the bank’s FX trading unit. 

The announcement makes Standard Chartered one of the first global banks to enter the spot cryptocurrency trading space. 

Spot Bitcoin, Ethereum Trading Desk

The new crypto trading desk will be used to purchase and sell Bitcoin (BTC) and Ethereum (ETH) directly. With the new trading desk, Standard Chartered has become one of the first global banks to offer a trading service for Bitcoin and Ethereum, two of the world’s leading cryptocurrencies. However, other banks have been offering crypto derivatives for years. In 2022, Wall Street heavyweight Goldman Sachs completed an over-the-counter (OTC) crypto trade with digital asset financial company Galaxy Digital. According to reports, the trading desk will begin operations soon. 

“JUST IN: $820 billion Standard Chartered Bank to establish a spot trading desk for buying and selling #Bitcoin and Ethereum.”

Growing Demand For BTC And ETH

The United States Securities and Exchange Commission approved two crypto-based ETFs in a major development for the larger cryptocurrency ecosystem. The SEC approved spot Bitcoin ETFs first, leading to a significant spike in the price of the cryptocurrency, which spiked to a high of $73,000 on the back of its approval. In a statement, Standard Chartered stated that it had registered a growing demand from its clients for the cryptocurrencies in question. 

“We have been working closely with our regulators to support demand from our institutional clients to trade Bitcoin and Ethereum, in line with our strategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability.”

Establishing Its Presence In Crypto

Standard Chartered’s involvement in the cryptocurrency ecosystem is well documented. It is also the backer of digital asset custodian Zodia Custody and its exchange arm, Zodia Markets. In November, Standard Chartered also launched a tokenization platform, Libeara. Libeara was created to tokenize government bond funds that use the Singaporean Dollar and has become a crucial venture in the Web3 ecosystem for the bank. 

The bank has long been engaged with the crypto ecosystem. Its analysts predict that Bitcoin will reach $100,000 within this year and potentially $150,000 should Trump win the United States Presidential election. Standard Chartered also predicted that the SEC would approve spot Ethereum ETFs. The bank had stated in a report,

“We expect pending applications for ETH U.S. spot ETFs to be approved on May 23, the final deadline for the first of the ETFs under consideration.”

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

Elastic Scaling is a crucial solution for parachains that face the challenge of requiring higher throughput than what is currently allowed or possible on Polkadot. The Polkadot protocol’s primary objective is to provide a platform that prioritizes Scaling and security.

Elastic Scaling is not just a change but a transformative addition proposed for the Polkadot ecosystem. It will not only enhance the platform’s capabilities but also create significant adoption opportunities.

Scaling Parachains

An important aspect of Elastic Scaling is enabling parachains to produce multiple blocks for each Relay Chain and have them validated. These parachain blocks can be created in a sequential manner. However, the Relay Chain processes them in parallel. Relay Chain resources and time used to validate a parachain block on the Relay Chain are known as a core. For example, if the Relay Chain validates 50 blocks at a time, it has 50 cores, similar to how a processor with 50 cores can execute 50 threads simultaneously. This will allow parachains to obtain more than a single core simultaneously for execution, allowing parachains with high throughput to execute transactions faster.

A New Model

Currently, projects on Polkadot must apply for slots by participating in parachain auctions, with the winning project becoming a parachain on Polkadot. The auction also determines how many tokens must be locked, which can vary from anywhere between six months to two years. Agile Coretime will change this, allowing greater flexibility when assigning cores. These changes will enable the purchase of cores for shorter durations, such as one month, one hour, or even one block. These purchases can be made via on-chain purchases or through secondary markets.

Polkadot Elastic Scaling

Agile Coretime, combined with multiple cores per parachain, empowers Elastic Scaling. This innovative feature allows parachains to lease additional cores, accelerating the validation of blocks and boosting transaction execution. It’s a game-changer for service providers in the blockchain ecosystem, offering them the opportunity to service new customers, increase their revenue, and expand their reach. This is a testament to the value they bring to the Polkadot ecosystem.

Elastic Scaling can also benefit applications with unpredictable coretime requirements, enabling them to save costs by only buying the coretime they need at a specific time without choosing between high costs or low performance. For example, some projects may have a smaller number of users and may build their services and user base over time. Elastic Scaling allows such projects to purchase more coretime when needed, depending on the growth of their services and user base.

Elastic Scaling also facilitates cost-effective Scaling by allowing projects to only pay for the coretime they require, helping to significantly reduce prices for everyone. Projects will also be able to sell the coretime they won’t need with the introduction of Agile Coretime.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Consensys, a leading Ethereum software company, is pressing forward with its lawsuit against the U.S. Securities and Exchange Commission (SEC), seeking greater regulatory clarity for the cryptocurrency sector, even after the SEC concluded its 14-month investigation into the Ethereum developer. 

SEC Investigation Closure

The SEC announced the closure of its investigation on June 18, which had scrutinized the buying and selling of Ether during Ethereum's transition to a proof-of-stake consensus mechanism. The investigation, which began on March 28, 2023, also included a Wells notice sent to Consensys in April, indicating potential enforcement action against the company's crypto wallet service, MetaMask. This sparked debates over whether Ether should be classified as a security.

Consensys's Response

Consensys CEO Joseph Lubin welcomed the end of the investigation as a positive development but criticized the SEC's approach. 

He stated, 

“We are hopeful that the antagonism to crypto among some US regulators is starting to wane and that the national investor protection strategy will evolve from the current guerrilla tactics. Until then, we soldier forth with our litigation against the SEC in Texas because we are intent on achieving more legal clarity for all.”

Lubin's comments highlight the company's dissatisfaction with what it views as regulatory "ambush tactics" and a lack of clear legal guidance for the industry. Despite the SEC's decision to end the probe, Consensys believes the broader regulatory issues remain unresolved.

The Lawsuit Continues

Consensys initiated its lawsuit shortly after receiving the Wells notice in April 2023, arguing that the SEC lacks the authority to regulate Ether. The company referenced a 2018 declaration of ETH as a commodity and pointed to the recent approval of spot Ethereum ETFs as further evidence that ETH should not be considered a security. In a June 2024 blog post, Consensys stated the investigation was unwarranted and highlighted these points to bolster its case.

The SEC's closure letter clarified that its decision does not exempt Consensys from future investigations, leaving a cloud of uncertainty over other cryptocurrencies with similar mechanisms. This uncertainty underscores the ongoing need for clear regulatory frameworks.

Seeking Regulatory Clarity

Consensys' lawsuit asserts that it operates by developing software products for global use on the Ethereum network. The company argues that it should be able to conduct its business without the threat of unpredictable enforcement actions.  

Consensys' continued litigation aims to achieve a clear regulatory framework for cryptocurrencies, ensuring businesses can operate with certainty and without unnecessary legal obstacles. This lawsuit against the SEC is a critical step towards securing a more transparent and fair regulatory environment for the burgeoning crypto sector.

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

MicroStrategy has further solidified its position as the largest corporate holder of Bitcoin by acquiring 11,931 BTC for $786 million, bringing its total holdings to 226,331 BTC valued at nearly $15 billion.

Acquisition Details

MicroStrategy, the largest corporate holder of Bitcoin (BTC), has acquired an additional 11,931 BTC for $786 million. The purchase was confirmed through a press release on Thursday morning and detailed in a United States Securities and Exchange Commission (SEC) Form 8-K filing. This acquisition brings the company’s total Bitcoin holdings to 226,331 BTC, worth approximately $14.4 billion at the current Bitcoin price of around $64,000.

Funding the Purchase

MicroStrategy completed a private offering of convertible senior notes to finance this acquisition on June 18, 2024. The offering initially aimed to raise $500 million but was upsized due to strong demand, eventually closing at $800 million in aggregate principal amount. The convertible notes feature a 2.25% coupon rate and a conversion premium of approximately 35% over MicroStrategy’s Class A common stock's volume-weighted average price.

Strategic Implications

Led by Executive Chairman Michael Saylor, MicroStrategy has been a prominent advocate for Bitcoin since 2020. The company's aggressive Bitcoin accumulation strategy is evident in this latest purchase, which follows a $623 million acquisition of 9,245 BTC in March through a similar debt issuance. This continued investment in Bitcoin underscores MicroStrategy’s commitment to the cryptocurrency as a key asset in its financial strategy.

Blockchain researcher Collin Brown highlighted the scale of this latest purchase in a tweet, 

“MicroStrategy’s massive BTC boost! They’ve snapped up 11,931 more bitcoins for $786M, averaging $65,883 each. As of 6/20/24, they hodl 226,331 BTC, totaling $8.33B with an average buy-in of $36,798 per BTC.”

Market Impact

MicroStrategy’s shares have significantly benefited from the firm’s Bitcoin acquisitions, rising roughly tenfold since the company began purchasing Bitcoin four years ago. Last week, brokerage firm Bernstein initiated coverage of MicroStrategy, setting a price target of $2,890 per share with an outperform rating. As of the latest reports, MSTR shares are up 2% premarket, trading at $1,507.

Industry Influence

MicroStrategy’s substantial Bitcoin holdings and ongoing purchases may influence other corporations and investors to consider Bitcoin as a viable reserve asset. This strategic move reinforces the narrative of Bitcoin's potential as a mainstream financial asset, further legitimizing its role in corporate treasury management.

With a total holding of 226,331 BTC, MicroStrategy remains at the forefront of corporate Bitcoin adoption, potentially setting a precedent for other firms.

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

Polkadot (DOT) and Avalanche (AVAX) were created to provide better interoperability. Both blockchains have an architecture that allows them to focus on application-specific blockchains that can be connected with a primary chain.

Polkadot’s primary chain is the Relay Chain, while Avalanche has three primary chains: the P-chain, the X-chain, and the C-chain. These are similar to Polkadot’s parachains that connect to its Relay Chain. Both protocols use a Proof-of-Stake consensus mechanism to secure their network and achieve consensus.

Polkadot (DOT) vs Avalanche (AVAX): A Brief Introduction

Polkadot is a blockchain protocol designed to connect previously incompatible blockchains and facilitate the transfer of data and value across these networks. It also allows previously siloed blockchain networks to communicate with one another securely. Polkadot is also quick and highly scalable, thanks to its use of parachains, which take a significant chunk of processing demand off the main chain. The protocol was created by Ethereum co-founder Gavin Wood, along with Peter Czaban and Robert Habermeier, who wanted to create a more expansive and efficient blockchain.

On the other hand, Avalanche was created to provide greater interoperability and simplify developer onboarding. The protocol leverages a multi-chain infrastructure to provide a trustless framework for developers. As an open-source smart contract platform, Avalanche supports the latest DeFi functionalities. It allows developers to create their own virtual machines and launch their own public and private blockchains called subnets.

Polkadot (DOT) vs Avalanche (AVAX): Architecture

Polkadot uses a linear chain structure similar to that of Bitcoin and Ethereum. The Relay Chain acts as the primary chain on Polkadot and hosts all the validators in the ecosystem. The smaller chains, called Parachains, host collators responsible for constructing and proposing blocks to validators. Once a block is submitted, it is checked by validators before being committed to the Relay Chain. Polkadot has a limited number of parachain slots. Any project that wants a parachains lot must participate in a parachain auction.

Polkadot uses a variation of the Proof-of-Stake consensus mechanism called Nominated Proof-of-Stake. Its DOT token can be used for governance and staking and plays a crucial role in the Polkadot ecosystem.

Avalanche uses three separate chains, each assuming a specific role. This allows for a separation of concern over validators and consensus, transactions, and smart contracts. These chains are the P-chain, X-chain, and C-chain. The P-Chain maintains the validator set and is responsible for securing the network. Similar to Polkadot’s Nominated Proof-of-Stake, Avalanche uses a Delegated Proof-of-Stake mechanism.

The X-Chain is responsible for Avalanche’s transaction layer and uses a UTXO model similar to Bitcoin. Polkadot uses an account model similar to Ethereum. The X-Chain is the only chain to implement the DAG model, making it the fastest chain in the Avalanche Network.

The C-Chain sees the most activity on Avalanche. It allows different virtual machines to execute smart contract code and comes with EVM and AVM (Avalanche VM) support out of the box.

Polkadot (DOT) vs Avalanche (AVAX): Consensus

Polkadot uses a synchronous hybrid model that combines BABE (Blind Assignment for Blockchain Extension) and GRANDPA (GHOST-based Recursive Ancestor Deriving Prefix Agreement). BABE is an algorithm that allows blocks to be built in a probabilistic way, while GRANDPA is a finality mechanism. It uses a deterministic approach to add blocks to the longest chain.

Avalanche uses a family of protocols called Snow Protocols to achieve security, liveness, and finality. The Snow family is a hierarchical collection of systems and consists of Slush, Snowflake, Snowball, Avalanche, Snowman, and Slushie.

Polkadot (DOT) vs Avalanche (AVAX): What Problems Do They Address?

Polkadot was created to provide better interoperability and scalability. Its unique infrastructure enables interoperability between different blockchain ecosystems, enabling secure communication and the transfer of data or value. It also comes with significantly lower fees, making it cheaper to conduct transactions, create blockchain assets, and mint new tokens.

On the other hand, Avalanche aims to alleviate developer issues by addressing centralization and congestion. The protocol gives users a scalable, energy-efficient, and cheaper alternative to existing networks.

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

Bitcoin languishes at the important $64,000 support. With the dollar still making hay as rates stay high, how will Bitcoin attract the liquidity to be able to break out of its current range bound prison?

US dollar trending higher

The US dollar has been trending higher since July 2023. A 5% interest rate, arrived at in the fastest amount of time in US economic history, has recently been putting the dampers on Bitcoin and the crypto market. Of course, there are other current headwinds that are perhaps contributing even more, but a strong dollar has its own particular drag on prices.

The Federal Reserve has signalled that it will maintain this high interest rate as long as it takes to get inflation under control, and in this sort of environment Bitcoin is not going to exactly fly.

Global liquidity cycle on the up

Source: Financial Times (CrossBorder Capital)

That said, it’s not all about the Federal Reserve, as shown by the global liquidity cycle (chart). Other central banks, worried about the state of their economies, are starting to reduce their rates, and whether it’s one or two rate cuts this year, the US probably doesn’t have much choice but to make a start.

Effect of a strong dollar on Bitcoin

The question should also be asked: “How much does a strong dollar affect Bitcoin? As discussed above, a higher dollar suggests asset prices should be weaker, but if one looks at the history of the DXY, it can be seen that it has been in an uptrend since 2008, which is just before the advent of Bitcoin; but where the DXY has increased only 48% in that time against a basket of other fiat currencies, $BTC has increased 100s of thousands of percent against the dollar.

Bitcoin Vs debasement and inflation

Bitcoin is just about the hardest monetary asset in the world, with a supply of only 21 million, while the US dollar is a paper currency with no backing, and is currently being printed to the tune of around $1 trillion every 100 days.

This debasement of the currency, together with inflation, are reducing the wealth of US citizens by around 12% per year. With banks offering just over 5% for savings accounts, there is literally zero chance of citizens keeping their heads above water, and millions of people will be added to the poverty heap over the next several years.

The only chance the poor and middle classes have is to do the same as the rich, and invest in hard assets like gold, silver, Bitcoin, and disruptive technology stocks. As more currency is printed in order to manage the debt, assets have to rise in value. 

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

Tyler and Cameron Winklevoss, the co-founders of Gemini, have donated $1 million in Bitcoin each to support former President Donald Trump’s reelection campaign. 

The Gemini co-founders stated that they sided with Donald Trump and donated to his campaign because of the Biden administration’s hawkish stance on crypto. 

Winklevoss Twins Make Big Donation 

Both Tyler and Cameron Winklevoss announced the news of the donation on their respective X handles. The Gemini founders donated 30.94 BTC, worth $2 million, to put an end to the Biden administration’s war on crypto. Tyler and Cameron have both been extremely discontent with Biden’s stance on crypto and crypto regulation. Taking to X, Tyler Winklevoss wrote, 

“Over the past few years, the Biden Administration has openly declared war against crypto. It has weaponized multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it.”

He further stated that Trump is pro-bitcoin, pro-crypto, and pro-business, adding that if anyone said otherwise, they were being delusional, misinformed, or lying. 

“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice. This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth.”

Weaponizing The Banking System Against Crypto

The Winklevoss twins accused the Biden administration of weaponizing the federal government and the banking system against the crypto ecosystem and continuing policies first established with Operation Choke Point under the Obama administration. Biden was the vice president in the Obama administration. 

“This Administration’s actions have been nothing short of an unprecedented abuse of power wielded entirely for twisted political gain at the complete expense of innovation, the American taxpayer, and the American economy. At this point, there is nothing the Biden Administration can do or say to pretend otherwise.”

The Winklevoss twins were also extremely critical of the Securities and Exchange Commission (SEC) for failing to establish a clear regulatory framework for the crypto industry and instead relying on outdated laws that hindered the utility and growth of crypto assets. 

It is not yet clear where the donated funds were sent because the limits set on donations to candidates are far below the amount that Tyler and Cameron Winklevoss donated. The funds were most likely donated to political action committees (PACs)that support Trump and his campaign. PACs are exempt from campaign donation limits. However, they are required to operate independently from the candidate campaigns. 

Pivoting To Crypto

In July 2019, Trump had said he wasn’t a fan of Bitcoin and other cryptocurrencies. However, this view changed in May 2024 after Trump began accepting donations in Bitcoin and other cryptocurrencies after a dinner at his Mar-a-Lago resort with holders of his Trump NFTs. 

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”

Following Trump’s acceptance of Bitcoin donations, Standard Chartered said Trump would benefit Bitcoin and the larger crypto ecosystem. Since then, Trump has made several statements in support of cryptocurrencies in the US and promised to support Bitcoin mining in the US.

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

The cryptocurrency market, known for its volatility and dynamic nature, requires robust analytical techniques to guide trading and trading decisions. Traders need to employ various strategies to navigate this market effectively. Unicapital offers advanced tools that integrate three critical types of market analysis: Fundamental Analysis, Technical Analysis, and Sentiment Analysis. Understanding these methods can significantly enhance one's trading effectiveness, helping both novices and seasoned traders achieve their trading goals.

1. Fundamental Analysis (FA)

Fundamental Analysis involves evaluating the intrinsic value of a digital asset. This analysis goes beyond the price trends to consider the underlying factors that affect a cryptocurrency's value. For crypto assets, this could include the technology behind a currency, its use cases, market demand, regulatory updates, and even the team behind the blockchain project. For example, a blockchain project releasing a groundbreaking new technology might see an increase in its token value. Fundamental Analysis helps traders make long-term trading decisions by understanding the macro and microeconomic factors driving the market.

2. Technical Analysis (TA)

Technical Analysis in the crypto market involves studying past market data, primarily price and volume. Traders use charts and various technical indicators like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and candlestick patterns to predict future price movements. This type of analysis is crucial for identifying trends, determining potential resistance and support levels, and finding optimal points for entering or exiting trades. Unicapital's platform facilitates these analyses by providing users with customizable charts and a suite of analytical tools that can enhance decision-making for short-term trading strategies.

3. Sentiment Analysis

Sentiment Analysis gauges the overall mood of the market participants towards a particular cryptocurrency. This type of analysis considers the emotions and attitudes of traders, derived from various sources such as social media, market commentary, and the volume of trades. It's particularly useful in the crypto market, where trader sentiment can drastically influence price movements. By understanding whether the sentiment is bullish or bearish, traders can anticipate potential price changes that aren't obvious through technical data alone. Unicapital integrates sentiment tools that analyze and aggregate market sentiment, helping traders to make more informed decisions during volatile conditions.

Unicapital's Integration of Analytical Techniques

Unicapital offers a robust platform that seamlessly integrates these analytical techniques with innovative trading tools. This integration enables traders to navigate the crypto market more effectively:

AI Trading: Utilize advanced AI technology to optimize trading strategies, analyze vast amounts of data, and minimize human error.

Market Access: Gain comprehensive access to a wide range of cryptocurrencies and trading pairs, leveraging powerful analytical tools.

Education: Benefit from an extensive collection of educational materials, webinars, and tutorials designed to enhance trading knowledge at all levels.

Client Support: Receive personalized support and expert advice, enabling traders to refine their strategies and improve their market understanding.

The cryptocurrency market presents a complex and challenging landscape. By leveraging the analytical capabilities provided by Unicapital, traders can navigate this space more effectively, making informed decisions that align with their trading goals and risk tolerance. Whether you are a beginner or an experienced trader, understanding and applying these three types of market analysis can significantly increase your ability to capitalize on the opportunities that the crypto market offers.

About Unicapital

Unicapital is a multi-faceted platform that empowers users with the knowledge and tools to explore global digital asset markets and capitalize on opportunities with superior speed and efficiency. 

Through its unique offering of AI-driven solutions and in-depth learning resources, Unicapital provides users the means to tailor their trading journey according to their personal goals. To know more about Unicapital and its product suite, visit their website at https://Unicapital.tech. 

You can also follow their socials to keep abreast with their latest news and updates: www.youtube.com/@Unicapitaltech 

t.me/Unicapitaltech

www.instagram.com/Unicapitaltech

twitter.com/Unicapitaltech

facebook.com/Unicapitaltech/

linkedin.com/company/Unicapitaltech/

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

The Sealana presale now has just 5 days remaining and is scheduled to end on June 25th at 6 PM UTC.

Investors looking to buy this high-potential meme coin early have no time to lose to qualify for the Sealana airdrop. 

Experts are anticipating significant hype and FOMO in the days leading up to the $SEAL IEO. As such, the new Solana meme coin has been in high demand from the very start of its presale, having already raised over $5 million. 

Sealana has also caught the attention of smart money traders and influencers, with many labelling it as the next 100x meme coin. 

How To Qualify For The Sealana Airdrop?

Sealana has adopted an innovative presale model, which has previously been utilized by Slerf and Slothana to great success. 

Investors looking to qualify for the Sealana airdrop simply need to send $SOL tokens to the project wallet, with the wallet address being 3LeVizuW3YoCnjfMfuQ22rSFQLDLdo9jXLKjyqfBU3w5. They will receive the tokens as an airdrop once the presale ends. 

On the other hand, they could use the over-the-counter widget on the Sealana website and swap $SOL tokens after connecting their wallets. They could also choose ETH, USDT or USDC. 

As previously mentioned, investors now have just 5 days to buy the meme coin early at its discounted price of $0.22. Those missing out on the opportunity will have to purchase $SEAL in the open market, potentially at a much higher price. 

Buyers are also advised to follow the Sealana X and Telegram accounts for all the latest updates, including information about the upcoming exchange listings. 

Why Is Sealana In Such High Demand?

New Solana meme coins continue to dominate this bull cycle, thanks to the low trading fees and high scalability on the blockchain. 

In particular, new meme tokens that can make investors laugh are in significantly higher demand, especially amongst crypto whales. 

 

New investment thesis:If it makes me laugh, I'm buying.

— pixel (@spacepixel) October 25, 2023

One doesn’t need to go past the Sealana X account to witness how the meme coin’s comical mascot - a chubby and ultra-patriotic seal - has caught the fancy of investors. 

 

In just its latest post, the Sealana mascot has managed to sneak past the guards of Area 51, only to be captured by aliens.

 

Curiosity got the best of #Sealana 🤦🦭 Using his Navy $SEAL training, he sneaked into #Area51 and got captured by some Aliens!👽🛸 Seems like they’re also into Lambos🏎️, Massive Gains💰 just maybe not the Freedom bit! 🇺🇸Send $SOL to rescue Sealana before the #Presale ends! 🔜 pic.twitter.com/p5JdkjmmRv

— Sealana (@Sealana_Token) June 20, 2024

On another occasion, he got into a bar fight with Connor McGregor, owing to an ill-timed heckle towards the MMA champion for his retirement. 

 

 

Seems like @thenotoriousMMA didn’t like #Sealana asking why he was drinking whiskey at the #Roadhouse rather than fighting in the octagon…🥊 If only he knew before raising his fists that Sealana was a 300lbs ex army $SEAL…🪖🦭It's not going to be a fair fight but no one will… pic.twitter.com/L1TqztPiAX

— Sealana (@Sealana_Token) June 10, 2024

Sealana’s theatrics - while eccentric - do have a larger point. Crypto whales know better than to dismiss a meme coin with a popular mascot. After all, Dogwifhat became Solana’s top meme coin, simply because the dog wore a hat. 

 

In a more recent incident, the Billy meme coin surged by 100x, simply because the investors thought its mascot was “too cute” to be at a low valuation. 

 

$BILLY is now 1000x from my call in @IgnitedDAO 🔥 pic.twitter.com/WL84ir5N91

— LeW (@xxlewis123xx) June 17, 2024

While Sealana’s chubby figure - which is a result of a trader’s diet of chips and tuna - can’t exactly be described as cute, its theatrics have gained a significant fan following. 

 

It’s, therefore, no surprise that experts are already bullish on the meme coin. Even the popular crypto educational platform 99Bitcoins covered $SEAL in a recent video, informing its 700k subscribers of their last chance to participate in the Sealana airdrop. 

They also hinted at the possibility of Sealana being the next 100x meme coin, a sentiment that is also shared by analysts such as Jacob Bury and Crypto Boy. 

Visit Sealana Presale

 

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

Altcoins, which are cryptocurrencies other than Bitcoin, are some of the more popular types of crypto in 2024. As we head into the summer, crypto experts and newbies alike are scrambling to find the top altcoin for the upcoming bull season.

Among the myriad options, certain altcoins stand out for their innovative technologies, strong communities, and promising futures. BlockDAG, with its cutting-edge technology and impressive presale performance, is leading the pack. Here’s a look at the five best altcoins to watch in June 2024, with BlockDAG at the forefront.

1. BlockDAG (BDAG): Leading the Innovation Wave

BlockDAG is making significant strides in the cryptocurrency world with its advanced low-code/no-code platform for creating utility tokens, meme tokens, and NFTs. Its user-friendly interface and customizable templates have democratized blockchain technology, allowing users of all technical levels to create and deploy their own projects quickly. BlockDAG’s presale has already amassed an impressive $52.2 million, reflecting strong investor confidence.

BlockDAG’s commitment to expanding its ecosystem extends beyond simplifying token and NFT creation. The platform actively supports the growth of decentralized applications by providing a robust and scalable infrastructure. This encourages the development of a wide variety of applications, from digital art marketplaces to tokenized asset platforms, thereby enriching the blockchain landscape with innovation and diversity.

BlockDAG’s platform accelerates development timelines, reducing the time to market for new projects. This is crucial in the fast-paced world of blockchain, where speed and efficiency are paramount. The platform’s commitment to supporting decentralized applications (dApps) with a robust and scalable infrastructure further enriches the blockchain landscape with innovation and diversity. With a mainnet launch projected to yield significant returns, BlockDAG is set to be a game-changer in the crypto space.

To bolster long-term project stability and align with its strategic goals, BlockDAG employs a four-month vesting period. This approach regulates the distribution of coins, preventing market saturation and fostering gradual engagement among stakeholders. The vesting period is a strategic move to temper potential price volatility by gradually injecting $100 million into market liquidity. This ensures a balanced and predictable trading atmosphere, securing a sound investment environment dedicated to sustained growth and scalability.

2. BNB (BNB): The Powerhouse of Binance Ecosystem

BNB, the native token of Binance, continues to be a major player in the cryptocurrency market. Used to pay transaction fees on the Binance Exchange, BNB has a wide range of applications, including Binance Chain and Binance Smart Chain. Its utility and strong backing by the world's largest cryptocurrency exchange ensure its ongoing relevance and growth.

BNB's role within the Binance ecosystem, including staking, transaction fee discounts, and participation in token sales on Binance Launchpad, makes it a versatile and valuable asset. Its consistent updates and strong community support keep it at the forefront of the crypto market.

3. Toncoin (TON): The Future of Decentralized Communications

Toncoin (TON) is the native token of the TON blockchain, initially developed by Telegram. It aims to revolutionize the way people communicate by providing a fast and secure blockchain with low transaction fees. Toncoin supports various decentralized applications, services, and digital identity solutions.

The TON blockchain’s focus on decentralized communication and digital identity solutions makes it a unique player in the crypto space. Its integration with Telegram's vast user base provides a significant potential for widespread adoption and use.

4. Avalanche (AVAX): Speed and Scalability

Avalanche (AVAX) is known for its high-speed transactions and scalable blockchain platform. It aims to solve some of the biggest challenges in the crypto world, such as scalability, interoperability, and usability. Avalanche’s consensus protocol and architecture allow for high throughput and low latency, making it an attractive option for developers and users alike.

Avalanche’s ability to handle thousands of transactions per second and its support for multiple blockchain networks make it a powerful platform for decentralized applications. Its robust ecosystem and continuous development ensure its position as a leading blockchain technology.

5. Polkadot (DOT): Connecting Multiple Blockchains

Polkadot (DOT) is designed to enable different blockchains to interoperate seamlessly. Its multi-chain framework allows for the transfer of any type of data or asset across different blockchains, fostering a new era of interconnected decentralized networks. Polkadot’s unique architecture and strong development team make it a promising project.

Polkadot’s ability to connect various blockchains and facilitate cross-chain transfers makes it a key player in the future of decentralized technology. Its scalable network and a strong focus on security and interoperability position it well for long-term success.

BlockDAG Leads the Pack

In the dynamic world of altcoins, BlockDAG stands out for its innovative technology, strong presale performance, and commitment to democratizing blockchain access. While BNB, Toncoin, Avalanche, and Polkadot each offer unique advantages and growth potential, BlockDAG’s comprehensive approach to scalable blockchain solutions positions it as a leader. 

For investors looking to capitalize on the next big thing in crypto, these five altcoins represent some of the best opportunities in June 2024. BlockDAG, with its strong foundation and ambitious goals, is particularly noteworthy and deserving of close attention from both seasoned and new investors.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

 

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

2024 remains a year in which the cryptocurrency industry and the global financial world are about to witness a monumental transformation across the blockchain space. The growing interest worldwide and many institutions paying attention to the cryptocurrency market promise to be revolutionary and could reshape how we perceive and interact with the financial world. 

Key contributors to the wide growth currently experienced across the financial market have been attributed to significant advancements in blockchain technology, Artificial intelligence (AI), the rise of digital currencies such as stablecoins and central bank digital currencies (CBC), regulatory transformation, and approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs), as well as economic changes over the years.

The COVID-19 period saw a massive shift from paper currency to digital currency, with interest growing every year due to its demand for efficiency, security, and accessibility due to its ease of financial transactions.

These, coupled with the fact that many centralized financial systems are faced with drawbacks that come with paper-based transactions, such as high transaction costs, delayed transactions, and susceptibility to fraud, has heightened the need for the use of digital assets and robust technologies. 

As a result of digitalization, we are on the brink of evolution. Money has transitioned due to the consumer habits of a digital world, wanting to use digital assets. It could be way bigger than anticipated as bigger institutions develop much interest in digital currency. 

This shift from paper cash to digital assets across the digital world is not just an immediate trend but a total shift. It could have lasting implications on the use of money and how transactions are conducted. 

Let us discuss some key factors that could make 2024 a historic year for the blockchain mainstream and wider adoption. 

Regulatory Policy And Its Effect On the Cryptocurrency Space

A spree of bankruptcy in cryptocurrency was the signal needed for financial bodies such as the United States (U.S.) Security and Exchange Commission (SEC) and the European Union (EU) to impose regulations on cryptocurrency assets and exchanges.

The EU voted for its approval of MiCA (the Markets in Crypto-Assets) regulation for European Union countries, a regulatory framework that focuses on maintaining stability, protecting investors and promoting the growth of cryptocurrency assets in these countries.

MiCA's regulatory framework for cryptocurrency assets has a deadline of June 30. Different phases of MiCA are expected to be implemented, with a key phase primarily focused on cryptocurrency asset service providers and entities operating in the cryptocurrency space to comply with set regulations on KYC/AML. 

Some of this compliance could affect service providers' issuance of stablecoins and operations within the European Union. While many exchanges have started aligning their operations to follow the MiCA regulations, other exchanges outside the EU have started adjusting their services to remain in compliance with them.

With MiCA regulation on stablecoin, we could see more adoption for Euro stablecoin in the coming months and years compared to the traditional stable coin of USDT, which has garnered much adoption over the years. 

While Euro stablecoins continue to lag behind the USDT due to low cryptocurrency trading activities, the euro-backed stablecoins have witnessed much volume over the past few months, suggesting much adoption of digital assets in European countries. 

The USD-backed stablecoin USDT continues to average over 70% of trading volume, and data from Kaiko suggest that MiCA regulation in EU countries could be a major boost for Euro-backed stablecoins.

Spot Bitcoin ETFs and Institutional Adoption

The cryptocurrency market has seen considerable growth, capturing the attention of financial institutions looking to enter the space. One of such big achievements is the spot Bitcoin ETF approval. 

This approval marked a turning point in the cryptocurrency market, the integration of digital assets in the broader financial market, and institutions' adoption of other cryptocurrencies. 

The approval of spot Bitcoin ETF allows investors to gain exposure to Bitcoin without directly owning the digital assets. The SEC's approval opens the door for Bitcoin mass adoption on the mainstream and regulatory recognition of Bitcoin as a viable investment asset. 

Although Bitcoin's price is above $65,000, many traders and investors are looking to capitalize on trending altcoins with use cases such as AI tokens and real-world applications. Many users are adopting strategies that would enable high returns on investments. Such strategies include using social trading options such as copy trading to automate trades. 

Margex Copy Trading As A Social Trading Strategy

Trading is increasingly becoming popular due to its affordability, ease of execution, and attractive profitability. Several methods and strategies are employed in this digital age, with many processes and strategies focused on automation. 

One such strategy is copy trading, a form of social trading that involves copying the trades of experienced traders. Modern social trading, such as copy trading, allows users to easily and quickly mirror the trades and strategies of other traders with better profitability returns.

Users make decisions based on strategies, profit returns, and risk-to-reward ratios to make informed decisions about the experienced trader they wish to follow. If a trader meets their clear criteria, then a user can follow an experienced trader. 

Margex copy trading has become a go-to strategy for many users as it offers a user-friendly platform and access to all information regarding the trade history of an experienced trader before copying the trades or following the trader. 

Margex remains a top copy trading platform that provides a conducive environment for beginner traders to start their copy trading journey. It provides all the facilities for a better trading experience. 

With its zero-fee converter, users can easily and conveniently swap different tokens on its platform and diversify their portfolios for better profitability. With Kaspa, USDT, and USDC, users can deposit and withdraw with different options with low transaction fees and high-speed priority. 

Accessing Margex copy trading is easy with as low as $10;

1 Decide On A Trader 

Creating an account on the Margex copy trading platform allows users to select a trader and strategies they wish to copy trade. All data on a trader's trading history are available to the user, allowing them to make an informed decision.

2 Click Follow

Click follow to automate their copy trading experience. Uerse can follow multiple traders and diversify their portfolio. 

3 Allocate the amount for trading

Allocate the amount for your copy trading strategy.

4 Confirm copy trading 

Review and confirm to initiate your trading journey. 

 

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

VanEck's Bitcoin ETF, the first spot Bitcoin ETF on the Australian Securities Exchange, launched with significant investor interest, marking a historic milestone for cryptocurrency exposure in Australia.

First BTC ETF On ASX

The VanEck Bitcoin Exchange-Traded Fund (ETF) marked a significant milestone with its debut on the Australian Securities Exchange (ASX) on June 20. The VanEck Bitcoin ETF commenced trading with initial assets of approximately A$990,000 (USD 660,429). This introduction follows the ASX's approval of the listing on Monday, making it the first spot Bitcoin ETF available on Australia's primary exchange. 

This launch satisfies increasing investor demand for cryptocurrency exposure following a resurgence in market interest. The ETF, trading under the ticker VBTC, saw its volume surpass $1.5 million within hours of its opening.

Market Entry

Unlike conventional ETFs that hold tangible assets, the VanEck Bitcoin ETF invests in the U.S.-listed VanEck Bitcoin Trust, which launched earlier this year. This structure allows Australian investors indirect access to Bitcoin without directly owning the cryptocurrency. VanEck's CEO, Jan VanEck, has expressed optimism about Bitcoin's potential, predicting it could eventually reach half the market capitalization of gold.

Strategic Position and Market Impact

The ASX is a dominant force in Australia's capital markets, managing about 80% of equity trading. VBTC's debut on this platform places it among established Australian companies like BHP and Commonwealth Bank. Although other bitcoin ETFs are available on a rival exchange managed by CBOE Global Markets' local affiliate, VanEck's ETF is the first to launch on the main ASX market.

Jamie Hannah, VanEck’s Deputy Head of Investments and Capital Markets, emphasized the ETF’s benefits, stating, 

“[VBTC] will present the price of Bitcoin. What we’ll give investors is really institutional-grade access to Bitcoin. There are a lot of security measures in place as well as insurance. And it’s also extraordinarily low cost.” 

He added that investors could access VBTC through any retail broker.

Competitive Landscape 

In addition to VanEck, other ETF issuers, such as Sydney-based BetaShares Holdings Pty and DigitalX Ltd., are planning to list their ETFs on the ASX. Meanwhile, CBOE Australia, another major exchange, already offers several crypto ETFs, including Global X 21Shares Bitcoin, Global X 21Shares Ethereum, and Monochrome Bitcoin, which together manage around $90 million in assets.

Future Prospects

The global interest in bitcoin ETFs has surged since US regulators approved similar products in January, leading to significant capital inflows. Following the US trend, Hong Kong also launched its ETF in April, though with less market enthusiasm. Coin values have nearly tripled since 2023, stabilizing after peaking in March. 

This optimistic market performance has increased interest in regulated investment vehicles for digital assets. Therefore, the introduction of VBTC provides a new, secure, and cost-effective avenue for investment.

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