A nuova proposta di ETF (exchange-traded fund) aims to revolutionize the investment market by combining Bitcoin and gold. 

Presented to the U.S. SEC by Tidal Investments and Quantify Chaos Advisors, the ETF STKD Bitcoin & Gold aims to offer investors exposure to both assets without the need to directly own either one. 

This initiative could represent an important opportunity for those looking to diversify their portfolio with the security of gold and the growth potential of Bitcoin. Let’s see all the details below. 

New ETF: an innovative combination of Bitcoin and gold

As anticipated, a revolutionary proposal of ETF (exchange-traded fund) has been submitted to the US SEC for the STKD Bitcoin & Gold ETF. This new ETF aims to offer investors simultaneous exposure to both Bitcoin (BTC) and gold. 

Investors can thus take advantage of both assets without the need to directly own either one. 

In January, the SEC has already approved 11 ETFs based on Bitcoin, marking a crucial moment in the cryptocurrency landscape. While gold ETFs have existed for some time, an ETF that combines both BTC and gold represents a novelty.

Combining BTC and gold, Tidal Investments aims to offer the complementary advantages of both assets. According to the filed document, in fact: 

“By combining low-correlation activities, the Fund aims to reduce the impact of short-term market fluctuations on the overall investment result, potentially providing a more stable investment trajectory.”

The document continues explaining the following: 

“The Fund uses leverage to ‘stack’ the total return of the holdings in the Fund’s Bitcoin strategy along with the total returns of the holdings in the Fund’s Gold strategy. Essentially, one dollar invested in the Fund provides approximately one dollar of exposure to the Fund’s Bitcoin strategy and approximately one dollar of exposure to the Fund’s Gold strategy.” 

Furthermore, the fund aims to invest from 10% to 65% of the net assets in U.S. Treasury bonds, money market funds, cash, and cash equivalents.

Future prospects and SEC approval

There is a concrete possibility that the SEC will approve this combination of ETFs on BTC and gold. The regulatory authority has already shown openness by approving BTC ETFs at the beginning of the year, and gold ETFs are already established.

As a result, an ETF that combines both assets might not encounter much opposition.

If approved, the STKD Bitcoin & Gold ETF would represent an important innovation for investors seeking a solid and well-balanced diversification strategy.

Steps forward after the historic approvals of Bitcoin and Ethereum ETFs

The head of research at VanEck, Mathew Siegel, stated that the market could soon see the arrival of a Solana ETF, following the recent approvals of spot ETFs on Bitcoin and Ethereum. 

The asset management company VanEck has indeed submitted the first Solana (SOL) ETF in the United States, paving the way for this new financial instrument that would offer institutional investors exposure to Solana.

Siegel explained that the language used in the ETF 19b4 forms for Ethereum, which describe Ethereum as a commodity by virtue of its decentralization characteristics, could also be applied to Solana. 

According to him, if the exchanges are willing to sign the same surveillance sharing agreements for Solana that they have made for Bitcoin and Ethereum spot ETFs, this could favor the approval of an ETF on SOL.

Furthermore, Siegel observed that there are ETFs based on commodities that do not have a futures market. Thus suggesting that this could be a loophole for the approval of a Solana ETF. 

Unlike SOL, both BTC and ETH have futures markets on the Chicago Mercantile Exchange (CME).

The interview with Siegel preceded VanEck’s decision to officially file the application for the first ETF on Solana in the United States, which took place last Thursday. 

The asset manager, based in New York, has filed the modulo di registrazione S-1 with the United States Securities and Exchange Commission (SEC), marking an important milestone in the approval process.

In September 2023, VanEck submitted a new application for an Ethereum ETF, participating in the recent wave of requests alongside big names like BlackRock and Fidelity. 

There is therefore a general expectation that these products will be available at the beginning of July and VanEck has already waived the fees until the pre-approval of 2025.

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The current crypto market has faced bearish sentiments, with tokens like WIF and JASMY not struggling to keep up. In contrast, RCO Finance (RCOF) stands out with promising returns, potentially offering investors an ROI exceeding 50x.

This is good news for RCOF investors who have been skeptical about the current market, especially since key players like Bitcoin (BTC) and Ethereum (ETH) have had significant dips. But what differentiates RCO Finance (RCOF) from other tokens? And why have WIF, JASMY, and NOT been struggling?

The Rise of RCOF: A Promising Crypto Investment

RCO Finance is one of the most attractive investments for the intrepid investor during the current downs of the crypto market. This new project based on the Ethereum blockchain has all the potential to influence an entire industry of decentralized finance (DeFi) with the help of crypto AI.

RCOF, native to the RCO Finance platform, enables the trading of over 120k global assets. It also provides holders with access to priority customer support, governance voting rights through staking, and reduced trading fees. 

This is a great deal for investors who seek utility crypto coins for increased investment returns. Moreover, the token’s smart contract is independently audited by SolidProof for security and integrity.

Integrating crypto AI robo-advisors, the RCO Finance platform streamlines and enhances the investment process for users. By utilizing AI and ML algorithms, this technology analyzes market trends, makes predictions, and executes trades on behalf of investors.

The Key Advantages of RCO Finance (RCOF)

Despite the overwhelming demand for financial services based on cryptocurrencies, RCO Finance has a competitive advantage because it uses AI robo-advisors that suggest individual investment options based on their financial goals, risk appetite, and market trends.

This is an AI and machine learning-powered platform devoid of any human input, thus slashing the necessity for financial advisors, brokers, and fund managers. This advanced tool helps investors follow proper financial management advice and come up with the right portfolio.

What sets RCO Finance apart from other platforms is that it offers clients access to more than 12,500 different types of assets located around the globe, 1000X leverage, and no lengthy KYC procedures. 

This makes it the most suitable platform for those interested in diversifying and maximizing their profits without having to engage in trading.

RCO FInance’s user-friendly interface simplifies the investment process, making it accessible even for crypto beginners. Moreover, RCOF holders enjoy numerous perks, including priority customer support, governance voting rights through staking, and reduced trading fees.

The platform’s community-centric strategy further enhances its appeal, offering access to airdrops, voting, and governance privileges. A recent $250k investment demonstrates significant investor interest, highlighting the strong demand for RCO Finance.

Finally, RCO Finance offers no KYC debit cards, allowing users to spend their profits seamlessly in the real economy. With its innovative approach, RCO Finance presents a compelling investment opportunity in the volatile crypto market.

The Downfall of WIF, JASMY, and NOT

In the past weeks, the crypto market has displayed its volatility potential, with some popular tokens experiencing significant drops in value. WIF, JASMY, and NOT are examples of such tokens, each facing its struggles.

WIF is a meme token under the Solana ecosystem whose value has dropped over 40% in the past month. This can be ascribed to the fact that meme coins don’t have the same community backing as before leading to the decline in prices.

Similarly, JASMY, an Ethereum based token, is down over 19% in the past two weeks. This decrease is imputed to the limitations of Ethereum, including; high gas fees and issues with unsuccessful adoption.

NOT, a well-known token in the decentralized space, has gained popularity primarily through Telegram; however, it has yet to escape recent market drops. Its value has been struggling to keep pace with Toncoin, which shares a similar mandate, experiencing a significant 10% decline over the past two weeks.

RCOF’s Potential for Massive Gains

With the RCOF presale underway, investors have a unique opportunity to capitalize on the project’s potential. The token’s current price of $0.0127 is lower than its future listing price, at $0.4 – $0.6, making now the ideal time to get in on the action.

Those who purchase RCOF tokens during the presale will not only benefit from the potential 3,000% ROI but also gain exclusive access to an airdrop, which will distribute a portion of free tokens. Additionally, they can earn extra rewards through staking and participating in tiered IDO launches.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

*This article was paid for. Cryptonomist did not write the article or test the platform.

Europe: the MiCA, finally implemented, is quickly shaping a new standard in the regulation of digital financial services, indirectly involving the position of the United States (USA). 

Dante Disparte, CEO of Circle, emphasizes the crucial importance for the United States to reaffirm its role as a global leader not only in innovation, but also in setting the rules that will guide the future of the sector. 

Let’s see all the details below. 

Europe: the MiCA and its global impact, including the USA

As anticipated, on Sunday the European Union will inaugurate the first phase of its comprehensive and landmark law for the regulation of digital assets. 

With the new regulatory framework for cryptocurrency markets, Europe has managed to do what other jurisdictions, including the United States, are still postponing. 

That is to provide legal and regulatory clarity for the entire digital asset market, not just a part of it.

Europe has in fact dedicated the last five years to a concerted political development.

This is because driven by the possibility of the entry of Big Tech into financial markets, such as Meta’s Diem (formerly Libra) initiative, and concerns about uncontrolled cryptocurrencies.

We remind that the MiCA will have the effect of permanently linking digital assets to the real economy, in a typically European way.

In particular, the MiCA addresses several issues by giving stablecoin denominated in euros a chance of success in a consumer market of 441 million people.

Although some aspects of MiCA are protectionist, aimed at protecting European consumers and investors from the risks of cryptocurrencies, there is also an element of economic and technological sovereignty at play. 

Offshore stablecoin, diplomatically called global stablecoin, are not allowed under MiCA.

The regulatory future of the United States and the need for a global response

The MiCA represents a profound change for the industry of criptovalute and the banking sector, requiring rigorous compliance and a substantial presence in the EU.

The authorized entities must have responsible management in an EU jurisdiction to operate throughout the federation, thanks to the pan-European regulatory harmonization. 

This model strengthens collective responsibility and consumer protection in the value chain of digital assets.

Now that Europe has introduced MiCA, the United States must act to reaffirm their role as a global leader in the regulation and innovation of financial services, according to the CEO of Circle.

A competitive approach could see the implementation of a “NAFTA for digital assets” throughout North America. 

However, a more lasting solution could be the formation of a transcontinental Western alliance for digital assets, enshrining shared democratic values and shaping the future of exponential technologies.

Bitstamp prepares for the implementation of the MiCA regulation

Bitstamp, one of the main crypto exchange platforms, has announced that it will make significant improvements to its offering by June 30, 2024. This announcement comes in preparation for the MiCA regulation coming into effect across the European Union.

The MiCA regulation, acronym for Markets in Crypto-Assets Regulation, will be operational from June 30, 2024. Bitstamp has welcomed this regulation, confirming its commitment to fully comply with the new requirements. 

Among the planned changes, Bitstamp will remove the predominance of the EUR in the stablecoin EURT and will maintain the existing electronic money tokens (EMT) on the platform that are not dominated by the euro, but comply with MiCA regulations. 

However, the availability of these EMT will be limited and no new EMT will be listed unless they meet the MiCA requirements.

James Sullivan, CEO of Bitstamp for the United Kingdom, expressed his support for these changes. In particular, he emphasized the platform’s commitment to security and regulatory compliance.

Sullivan also stated that this transition puts Bitstamp in a strong position to adapt to the upcoming changes. Thus maintaining direct contact with the interested users.

The announcement from Bitstamp comes a few days after the listing of Bonk ($BONK) on its platform. An event that has sparked speculations about an increase in liquidity and the value of the token.

$BONK recorded an increase of 2% after the announcement, only to drop by 3.20% in the last 24 hours, stabilizing at around $0.00002223.

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As the world gears up for another US presidential election, the stakes are high for many industries, foremost, perhaps, is the flourishing cryptocurrency sector. Donald Trump’s renewed candidacy and his clear pro-crypto stance send significant positive ripples throughout the landscape.  With Donald Trump’s support and the momentum of the US presidential elections, ETFSwap (ETFS) is set to redefine the way we engage with digital assets and ETFs, capitalizing on a unique convergence of technology, policy, and market demand.

ETFSwap (ETFS) Is Poised For A Breakthrough

ETFSwap (ETFS) stands on the brink of transformative success, due to the pro-crypto stance of Donald Trump and the pivotal upcoming US presidential elections. ETFSwap (ETFS) is not just another cryptocurrency but a sophisticated platform offering a range of cutting-edge utilities that are set to transform the ETF trading experience. 

With features such as an advanced AI-powered ETF Screener and ETF Tracker, users can access highly accurate recommendations based on comprehensive big data analysis. This AI-driven tool analyzes large volumes of data, providing insights through historical data, market sentiments, and trend patterns, ensuring that ETF traders have the most accurate and up-to-date information at their fingertips.

Moreover, ETFSwap (ETFS) allows for the seamless swapping of other cryptocurrencies in a fully decentralized manner, embracing the core principles of DeFi. This functionality, combined with leveraged ETF trading options and a user-friendly interface, ensures that both novice and experienced ETF traders can navigate the platform easily. The forthcoming beta launch within the next 30 days is highly anticipated, and ETFSwap’s (ETFS) plans to launch its own ETF by 2025 further underscores its ambitious vision.

ETFSwap (ETFS) is also at the forefront of the DeFi revolution, providing advanced trading tools, including real-time market data and the ability to trade perpetuals with up to 10x leverage. The platform’s commitment to robust security measures and high-yield ETF staking opportunities makes it an attractive option for traders looking to maximize their returns in a secure environment. 

With 24/7 market coverage and borderless trading capabilities, ETFSwap (ETFS) is perfectly positioned to capitalize on the increased demand for innovative solutions spurred by Donald Trump’s pro-crypto policies.

The US Presidential Elections And Donald Trump’s Pro-Crypto Stance

The upcoming US presidential elections, featuring Donald Trump as a prominent candidate, are set to impact the industry significantly. Donald Trump’s vocal support for cryptocurrency and blockchain technology has already catalyzed substantial interest and investment in the sector. 

Donald Trump’s campaign, having embraced cryptocurrency donations since May, has seen notable contributions through both on-chain and off-chain transactions. On-chain donations, tracked through blockchain analytics, have surpassed $59,000, while significant inflows from centralized exchanges indicate robust support from the community.

This surge in crypto donations highlights a growing acceptance of digital currencies within mainstream political funding. The Winklevoss twins’ recent $2 million Bitcoin (BTC) donation to Donald Trump underscores the high stakes and the potential for a major shift toward pro-crypto legislation. Donald Trump’s advocacy for clear and supportive regulations contrasts sharply with the regulatory uncertainties of the past few years, providing a beacon of hope for entrepreneurs and investors.

As the US presidential elections approaches, the anticipation of a Donald Trump victory has already begun to influence market dynamics, with many analysts predicting a bullish trend for cryptocurrencies. ETFSwap (ETFS), with its innovative offerings and strategic positioning, is likely to benefit greatly from this pro-crypto sentiment. The expected surge in demand for advanced trading platforms and AI-driven investment tools, spurred by a favorable regulatory environment, sets the stage for ETFSwap (ETFS) to capture a significant market share.

Conclusion

The convergence of the US presidential elections and Donald Trump’s pro-crypto stance is set to unleash a wave of positive changes across the industry. This favorable political climate is particularly advantageous for pioneering projects like ETFSwap (ETFS), a leader in crypto innovation. As the industry braces for growth, now is the perfect time to invest in ETFSwap’s (ETFS) ongoing presale, becoming a part of the financial revolution that promises to reshape the future of digital asset trading. Join ETFSwap (ETFS) today and ride the wave of growth catalyzed by one of the most consequential elections in recent history, the US presidential elections.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

*This article was paid for. Cryptonomist did not write the article or test the platform.

This article was paid for*

The Solana ecosystem started this week on a sluggish note but has since Tuesday shown signs of recovery. 

Both Solana and the broader crypto market appear to be consolidating, as we move into the second half of the week.

Among the top 8 meme coins by market capitalization, BOME has emerged as a standout performer, registering a 6% increase this week—the highest among Solana meme coins.

BOME Price Surges – What’s Next?

At press time, the BOME price is trading around $0.009, having pumped approximately 6% this week. However, BOME investors may find little cause for celebration, as the token remains over 60% below its all-time high set in mid-March.

In fact, in March, BOME was a billion market cap meme coin. Now, the market cap is just around $600 million. That being said this is still enough for BOME to be considered one of the top meme coins globally.

A survey of popular traders’ opinions on Twitter revealed little notable chatter about BOME. It appears that the token’s modest price pump can be attributed to the overall recovery of the Solana ecosystem this week.

As a reminder, the SOL price surged from lows of around $123 to the current $136-138 range, and this provided a boost to the entire ecosystem. BOME seems to have leveraged this momentum to stabilize and experience a slight uptick.

BOME may struggle to produce substantial gains in the near term, with a broader crypto market rally. The token’s performance will likely remain closely tied to broader crypto market trends as we approach the end of the month.

Sealana Announces Airdrop Following a Successful Crypto Presale

A new player in the Solana meme coin space, Sealana, has raised over $6 million in its presale. Interestingly, despite the presale concluding, investors can still buy SEAL tokens on the official presale website at a discounted price of $0.022.

Sealana announced via Twitter that their airdrop will commence on Tuesday, July 2nd at 1 PM UTC. The team actually emphasized that there’s still time to acquire SEAL tokens before the airdrop begins. 

They also revealed plans for DEX trading pools on Raydium Protocol and Uniswap, with tokens set to be airdropped via both BNB and SOL chains. This will happen on the same day.

#Sealana brings news for all the Loyal $SEAL Comrades out there! Are you prepared to get your #Tokens with absolute ease! #Airdrop and Trading kicks off July 2nd at 1 PM UTC!

Get ready to trade $SEAL on #DEX using our @RaydiumProtocol or @Uniswap pools that… pic.twitter.com/7Nv9Xdofyw

— Sealana (@Sealana_Token) June 26, 2024

The Sealana project centers around an iconic seal character lounging in his mother’s basement, embodying the stereotypical degen trader awaiting a stroke of luck in the world of Solana meme coins. 

The project’s mascot, an overweight seal, playfully satirizes meme coin traders who spend excessive time searching for the next big token in the “Solana Sea.”

A crucial factor in Sealana’s successful presale was its growing community, boasting over 13,000 Twitter followers and more than 20,000 Telegram members. The project also conducted an extensive marketing campaign; advertisements on crypto media outlets and collaborations with crypto influencers.

Prominent crypto YouTuber ‘Yellow Trades’ posted a viral video about Sealana this week, potentially discussing how this meme token can ‘turn $1k into $10k’. 

Unlike some meme coins that offer utility features, Sealana takes a “zero-utility approach,” relying solely on memetics and community engagement. 

The project does not provide practical use cases or features like staking, instead focusing on building a strong community—often a critical factor in meme coin success.

Visit Sealana Conclusion

All in all, even though BOME’s modest gains reflect the ecosystem’s broader recovery, it’s still a far cry from its previous highs.

At the same time, Sealana’s successful presale campaign and upcoming airdrop have stirred up fresh excitement in the community about the next Book of Meme type success story.

As almost always in the world of meme coins, it’s a mix of hype, community engagement, and market sentiment driving the action. If they can keep up the momentum following the start of trading on exchanges, it could potentially spark the next Solana meme coin rally.

*Cryptonomist did not write the article or test the platform.

Hersham, United Kindom, June 28th, 2024, Chainwire

Elastos Partners with BEVM for Bitcoin Native Peer-to-Peer Loans. Partnership aims to unlock up to $1.3 trillion of dormant Layer 1 Value, as US consumers get excited about the 3rd Age of Bitcoin

Elastos, the SmartWeb ecosystem provider, has announced a partnership with the L2 provider, BEVM, to develop a peer-to-peer Bitcoin-denominated loan offering around the former’s BeL2 protocol. Together the companies believe they can unlock up to $1.3 Trillion of dormant Layer 1 Bitcoin Value, which is supported by data from the latest Elastos’ BIT (Bitcoin; Innovation & Trust) Index suggesting more than two-thirds of US tech-savvy consumers are comfortable using Bitcoin. 

Collateralizing 80% of assets while the Bitcoin Layer is untouched

Elastos believes momentum is building around the Third Age of Bitcoin, where users will be able to transact using Native Bitcoin. Partnering with BEVM to develop this Bitcoin Native loan product will allow users to collateralize up to 80% of their assets in return for L2 credit (stable coins, for instance) based on terms defined in a Bitcoin-assured smart contract. The integrity of the currency is assured by BeL2’s unique ZK-proof process which means the Bitcoin Layer is untouched as the process can be completed without bridging, wrapping or otherwise interfering with the Bitcoin Layer. This maintains the integrity of the currency and avoids network congestion and additional fees that would otherwise result. This approach enables Elastos and BEVM to deliver a genuinely peer-to-peer loan product, which is completely disintermediated and anonymous. Verification (potentially through third party services) and resulting costs/delays would only be required in the event of a dispute between the two parties.

“The BeL2 protocol perfectly reflects what BEVM is all about; developing and supporting EVM-compatible DApps which can run in the Ethereum ecosystem to operate on Bitcoin L2. The loan offering is the perfect illustration of how such services could revolutionize the finance sector,” Hakan Sezikli, Co-founder of the BEVM Foundation. 

Enabling Insight via BTC Oracle

Launched in December ’23, the Bitcoin Elastos Layer2 (BeL2) protocol is a Layer 2 solution for Bitcoin, enabling multiple functionalities such as staking and smart contracts to be denominated directly in the World’s most popular digital currency. BEVM will be collaborating with the Elastos’ BeL2 protocol to deliver a BTC Oracle to monitor and analyze all Bitcoin-based activity in real time. As the BeL2 protocol enables Bitcoin users to manage any relationship through the currency – from staking (‘interest’), to complex multi-party agreements through smart contracts – the BTC Oracle will potentially become a vital source of insight into how the currency is being used. 

US tech-savvy consumers trust Bitcoin

This partnership comes as new data from the Elastos’ BIT (Bitcoin; Innovation & Trust) Index indicates growing excitement among US tech-savvy consumers for Bitcoin. 63% of ‘tech savvy’ consumers feel either ‘perfectly comfortable’ or, even, ‘excited’ about transacting in Bitcoin and over half respondents in the US are using Bitcoin at least once a month. Among the use cases:

44% have already used Bitcoin to store savings

42% have used the digital currency to purchase online

34% to send/receive money from abroad

23% turn to it to mitigate the effects of inflation

15% use it to reduce their banking costs

Respondents to the survey also suggest they trust Bitcoin as much as online banking or cash to protect savings:

24% US respondents would place most trust in Bitcoin 

Compared with 25% who place most trust in online banks 

23% who place their trust in cash

“What this data shows is that we’re reaching an inflection point in the understanding and embrace of crypto-currencies among early adopters in the US that reflects the global trend towards the Third Age of Bitcoin,” said Rong Chen, co-founder, Elastos. “We are on the verge of Bitcoin delivering a new era commerce, where users are in charge of their data and are no longer beholden to the Web 2 tech giants. This data shows there is work to do to encourage broader adoption in the US, but at Elastos it is our mission to develop technologies that will make it easier to interact and transact with Bitcoin.” 

The BIT Barometer also revealed sizable constituencies uncomfortable with the data sharing requirements of Web2. Globally and in the US, one in three (31%) described themselves as “uneasy” or “completely uncomfortable” about the requirement to share personal information to message or transact on web2 social media.

About Elastos

Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components to produce a modern Internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. The mission is to build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data.

The Elastos SmartWeb platform enables organizations to recalibrate how the Internet works for them to better control their own data.

https://elastos.info

https://www.linkedin.com/company/elastosinfo/

Elastos’ BIT (Bitcoin; Innovation & Trust) Index Methodology

The data was compiled from over 1,400 self-defined ‘tech savvy’ respondents from 7 countries across the globe. The research was compiled from online interviews conducted in Brazil, Germany, Nigeria, South Korea, UAE, UK, and US. The interviews were completed by a third party, registered market research company and completed between 30 March and 04 April ’24.

About BEVM

BEVM is the first fully decentralized EVM-compatible Bitcoin L2 that uses BTC as Gas. It allows all DApps which can run in the Ethereum ecosystem to operate on Bitcoin L2.

www.bevm.io

https://twitter.com/BTClayer2

Contact

Media Contact
Roger Darashah
Elastos
roger.darashah@elastoselavation.org

The recent decision by Yield App to cease its operations and declare bankruptcy seems to be connected to significant losses stemming from its exposure to FTX, contrary to initial expectations of minimal impacts.

This event raises important questions about the reliability of promises in decentralized finance and the broader implications for investors and market operators. Let’s see all the details below. 

The reasons behind the sudden bankruptcy of Yield App: what does FTX have to do with it?

As anticipated, Yield App, a cryptocurrency investment platform registered in the Seychelles, announced on June 28 the immediate cessation of all operations. 

In an official statement, the company explained that this decision was made to ensure fair and equal treatment for all users and stakeholders.

According to the statement, the portfolio losses were caused by third-party hedge fund managers who held Yield App’s assets on the FTX platform, now in bankruptcy and involved in various legal disputes.

These funds are currently subject to ongoing legal disputes, further aggravating the financial situation of Yield App.

Yield App has suspended the community communication channels, keeping only a support channel active through the official site to assist users. 

Attempts to obtain further details from the representatives of Yield App were unsuccessful, leaving many questions unanswered.

In any case, the transparency of the company has been called into question, especially in light of previous reassurances. In a Discord message on November 10, 2022, Tim Frost of Yield App had stated that the company did not have significant exposure to FTX. 

This statement is now contested, creating confusion among users. An anonymous source has expressed perplexity about the situation, highlighting the strangeness of being hit by FTX after two years from the collapse.

FTX and the sale of assets

In 2024, FTX continued to liquidate its assets as part of the bankruptcy procedure. In February alone, FTX sold 8% of its stake in the artificial intelligence company Anthropic. 

Furthermore, it sold the European branch for 33 million dollars and planned the sale of Digital Custody for 500,000 dollars. These actions were part of efforts to resolve legal disputes and repay creditors.

The closure of Yield App highlights the uncertainty and risks of the criptovalute market, raising important questions about investment management and investor protection.

FTX obtains approval to survey creditors on the Chapter 11 repayment plan

A U.S. judge has recently given the green light to FTX’s proposal to consult its creditors regarding the repayment plan provided by Chapter 11. 

FTX users will soon have the opportunity to cast their vote on the multibillion-dollar plan designed to reimburse the funds that have been locked on the platform since its collapse. 

The judge John Dorsey of the District of Delaware has allowed FTX’s advisors to proceed with the request for a vote by the clients on their restructuring plan. 

If approved, this plan will not only reimburse customers, but also address government penalties related to the collapse of the crypto platform led by Sam Bankman-Fried.

The creditors, through the vote of Chapter 11, have the power to influence the restructuring of the company. 

Although the plan of FTX is supported by key committees representing the interests of customers, there is strong opposition from a vocal group that requires significant changes. 

According to Bloomberg, the majority of FTX clients could recover 119% of their holdings at the time of the Chapter 11 filing in November 2022. 

Court documents indicate that other creditors could recover up to 143% of the amounts owed.

The legal team of FTX has stated that bankruptcy law allows them to reimburse funds only based on the value of the assets starting from 2022. This despite the increase in cryptocurrency prices since then.

The company intends to use the cryptocurrency prices in November 2022, the date of the bankruptcy declaration, as the basis for the refunds. 

FTX has declared that it has recovered 16 billion dollars in assets, of which 12 billion in liquidity. Sufficient therefore to fully repay all customer claims according to the 2022 values.

In addition to refunds to customers, FTX will pay 200 million dollars to the Internal Revenue Service for priority claims.

Zondacrypto, the crypto-exchange regulated in Europe, has announced that the famous football player, Giorgio Chiellini, has become the new Brand Ambassador. Not only that, Chiellini will also subsequently join the Board of Directors (or CdA) of the crypto-exchange. 

Zondacrypto: Giorgio Chiellini del calcio diventa Brand Ambassador del crypto-exchange

Zondacrypto has announced that the famous football player Giorgio Chiellini has become the Brand Ambassador of the European crypto-exchange. 

We are thrilled to welcome @chiellini as our new ambassador and future board member at zondacrypto, the leading crypto exchange in Central and Eastern Europe

Giorgio Chiellini shares our vision and has demonstrated his commitment by choosing to receive part of his… pic.twitter.com/O0MbOolWk1

— zondacrypto (@zondacrypto) June 27, 2024

“We are thrilled to welcome @chiellini as our new ambassador and future board member of zondacrypto, the leading cryptocurrency exchange in Central and Eastern Europe. Giorgio Chiellini shares our vision and has demonstrated his commitment by choosing to receive part of his compensation in $ZND tokens. This collaboration underscores our mutual trust in the potential of zondacrypto and the broader cryptocurrency market. We thank Giorgio for joining us on this exciting journey. We invite everyone to explore the possibilities of simple and accessible cryptocurrency trading by registering with us today. Let’s see what we can achieve together! “

In practice, the legendary Juventus defender, Giorgio Chiellini, would have shared the same vision of the crypto-exchange. 

And in fact, precisely for this reason, Chiellini would have agreed to receive part of his compensation in ZND tokens, which is at the base of the ecosystem of the cryptocurrency exchange platform.

Not only that, Chiellini will later become part of the Board of Directors (or CdA) of the crypto-exchange, as a non-executive member responsible for the development of the Italian market.

Zondacrypto and the arrival from Italian football of Giorgio Chiellini as Brand Ambassador

In this regard, Przemysław Kral, CEO of Zondacrypto, stated as follows: 

“Once again, we play as a team with the best. As Ambassadors, we first had a world champion like David Trezeguet, now a reigning European champion like Chiellini. Giorgio is a recognizable, reliable, and ambitious personality, both in sports and in business, with whom we share the same values. We are excited to have such a sports legend on board, to carry forward our mission of educating and popularizing the world of cryptocurrencies”

Giorgio Chiellini, former flag-bearer of Juventus and the National team, has also been a winner of the MLS, in the United States, and is the former captain of the Azzurri, with whom he won the European Championship in 2021.

In 2023, Giorgio Chiellini retired from playing football. During his glorious football career, during which he established himself as one of the best defenders of his generation, he was, among other things, a European champion and a European runner-up with the National team.

The official sponsor of the Juventus FC team

Last February, the crypto-exchange born in Poland of Zondacrypto, made headlines for becoming the official sponsor of the Italian team Juventus FC.

From that moment, the logo of Zondacrypto has been present on the sleeve of the game uniforms of the Juventus players.

Zondacrypto operates in Italy, Lithuania, Slovakia, Estonia, Canada and had 1.2 million active users. 

Recently Solana has been innovating a lot in its cryptographic space by adding valuable features, such as Photon and Blinks, which significantly improve the user experience.

Photon and Blinks are the latest successful integrations of the blockchain, which are helping to attract capital and interest from retail.

The price of SOL, thanks also to a new wave of optimism due to the news about ETFs, could be positively affected by all this: the price target at the moment is 180 dollars.

Let’s see all the details below.

Solana and the integration of the exchange for memecoin Photon

Photon is a decentralized exchange for memecoin operating on the Solana blockchain that optimally simplifies the approach to trading.

Thanks to its high speed and low latency in order processing, this platform allows you to go hunting for newly launched coins.

In particular, the section “new pairs” allows you to view in real-time the new low-capitalization memecoins that are added on pump.fun.

Furthermore, users can take advantage of the “quick buy” feature to purchase a coin immediately after its listing, getting ahead of the crowd.

This offers a significant competitive advantage, especially because it minimizes the waiting time between sniping a new token on Solana and the actual trading.

To access the platform, simply go to the official website and connect the phantom wallet, deposit funds into the new Photon SOL wallet, and save the private keys.

Having done this, you can start to set up Photon settings in the best way to be ready, adjusting the amount of the trade, slippage, and priority fee.

Source: https://photon-sol.tinyastro.io/en/discover

Every minute, dozens of new “amatoriali” memecoins are added, with reduced capitalization and initial low liquidity. Usually, the most watched coins are those that are launched with more liquidity compared to the others.

Photon guides us in choosing the best pair by indicating in the “audit results” section when the token developer may engage in improper behavior.

The platform has also launched a points incentive campaign to drive adoption on Solana and attract as many users as possible.

By operating on Photon, you can therefore accumulate points that will be converted into the next governance token of the protocol through an airdrop.

MEMECOINS + AIRDROP = $PHOTON AIRDROP

The #1 trading bot for $SOL memecoins with $70M revenue made this season.

Imagine how big this distribution can be.

Here's how you can get this already CONFIRMED airdrop pic.twitter.com/PxTulboPTx

— Leshka.eth (@leshka_eth) June 13, 2024

The new Blinks simplify the user experience on Solana: attention also to the risks

After Photon which improves access to trading of memecoin, here is another great innovation launched on the Solana blockchain.

Let’s talk about the so-called “Blinks”, which is a new product offering that allows for faster payments in SOL through shareable links.

Thanks to these, users of the Solana network can incorporate on-chain action requests such as “swap” or “send” within a simple link.

The operation is successfully completed without the user having to leave the website where they interacted with the blink in question.

The invention, similarly to Photon, significantly speeds up the cryptographic interaction process by simplifying the user experience.

Meet blinks (blockchain links) – a new primitive that transforms onchain actions into shareable links.

Anywhere you can share a link on the internet, you can initiate Solana actions (even on X!). pic.twitter.com/vswTP3wCVY

— Solana (@solana) June 25, 2024

The Solana Blinks could attract a wide range of retail users to the Solana chain, thanks to a completely new UX model compared to the classic web3 logic.

The crypto analyst Marty Party agrees that they could represent a revolutionary transactional concept.

“With Blinks, you no longer need markets or other websites. Just post the product or offer and the user interacts and transacts with the post. They never leave your timeline. This makes OnlyFans, eBay, Facebook Marketplace, and everything else redundant. Only on Solana.”

Why is Solana Blinks changing the whole internet today?

Currently when you want to sell or trade something on social media you need to send the user to another website. With Blinks you dont need marketplaces, or any other website anymore. You just post your product or offer and…

— MartyParty (@martypartymusic) June 25, 2024

We remind you, however, that Blinks allow both hackers and scammers to better manage scam transactions.

Any Blinks, requiring the “blind signing” on the wallet, does not show  in fact the type of on-chain action that is being conducted on the Solana network.

In this way, less honest individuals can easily share links that lead to the draining of funds from other users’ wallets.

Furthermore, Hayden Adams, founder of Uniswap, reminded a few days ago how this type of model is not actually that new.

5 years ago Uniswap adopted a similar interaction technology, but this never gained traction in the crypto space.

Forgot we did this 5 years ago!

Never really caught on as a ux pattern but maybe solana stuff will bring it back https://t.co/9eOS41kEdp

— hayden.eth (@haydenzadams) June 26, 2024

SOL price analysis: the coin reacts after the ETF news

As mentioned, the latest Photon and Blinks innovations support the on-chain activity of the Solana network, bringing many transactions and new active users.

Simplifying the use of blockchain and bringing the experience of cryptographic finance to a more elementary level, the aim is mass adoption.

The SOL coin is grateful for the new features, and it maintains a relatively high price, from which a new leg up to the bull could start.

Thanks also to yesterday’s news, with Vaneck that has submitted the first request for an ETF spo on SOL, the cryptocurrency has risen above 145 dollars.

The approval of new exchange-traded funds to invest in the future of Solana could be the determining factor for the success of the coming months.

New ETFs on Solana could indeed attract a significant amount of institutional capital, supporting the price of the crypto.

Looks like VanEck just filed for a Solana ETF h/t @btcNLNico pic.twitter.com/fB5luuS1uQ

— Eric Balchunas (@EricBalchunas) June 27, 2024

In the financial markets, the terms “bull” and “bear” are often used to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is characterized by falling prices. Investors often try to predict whether the market will be “bull” or “bear” in order to make informed investment decisions.

According to CoinCodex forecasts, in the short term the Solana token could easily surpass the threshold of 158 dollars.

Especially if the enthusiasm for Photon and Blinks products should expand, we might see the bulls take control of the situation on SOL.

It is clear that everything also depends on the price action of Bitcoin, but indicatively the market timing seems to be on the side of a bull run.

After the last 3 months of retracements, it might be time to resume the bull market.

Here is what CoinCodex wrote in its predictions:

“According to our current forecasts on Solana prices, it is expected that the price of Solana will increase by 16.15% and reach $158.41 by July 27, 2024. According to our technical indicators, the current sentiment is neutral, while the Fear & Greed index shows 40 (fear). Solana has recorded 12/30 (40%) green days with a price volatility of 9.41% in the last 30 days.”

Monero (XMR), Fetch.ai (FET) and Tron (TRX) are three coins that represent distinct but crucial sectors in the crypto ecosystem. 

Monero is renowned for its advanced privacy and anonymity features, Fetch.ai focuses on decentralized artificial intelligence, while Tron aims to revolutionize the world of decentralized applications (dApp) and decentralized finance (DeFi). 

This article explores the current price, market statistics, and the latest news regarding these cryptocurrencies, offering an in-depth overview of the opportunities and challenges that each of them faces in the global market.

Prices and market statistics of the crypto Monero, Fetch.ai, and Tron

Monero (XMR), known for its privacy and anonymity features, continues to be a cryptocurrency of great interest despite the recent market turbulence. Currently, Monero is priced at $167.37 USD.

The market capitalization is approximately $3.00 billion USD, with a trading volume in the last 24 hours amounting to $40.3 million USD, ranking 28th on CoinMarketCap. The total circulation of Monero is 18,446,744 XMR​. 

Fetch.ai (FET) is currently priced at $1.47 USD, with a market capitalization of $1.3 billion and a daily trading volume of $266.1 million USD. The cryptocurrency is ranked 62nd on CoinMarketCap, with a circulation of 827,717,511 FET coins.

Tron (TRX), one of the main platforms for dApp (decentralized applications), continues to consolidate its position in the cryptocurrency market.

The current price of Tron is $0.123 USD, with a market capitalization of approximately $10.5 billion USD and a trading volume in the last 24 hours of $226.5 million USD. Tron ranks 14th on CoinMarketCap, with a circulation of 89,050,317,401 TRX coins.

Latest crypto news on the Monero, Fetch.ai, and Tron projects

Monero

Recently, Monero experienced a significant price drop, with a 17% loss following the announcement of its delisting from Binance, one of the largest cryptocurrency exchange platforms.

This announcement had a significant impact on the value of Monero, highlighting how the decisions of exchanges influence the market. The decision of Binance was mainly motivated by the increasing regulatory pressure and concerns regarding privacy-focused cryptocurrencies

Monero is unique in its kind thanks to the use of advanced privacy techniques, such as ring signatures, which obscure the details of transactions, making it difficult for external observers to identify the parties involved and the amounts transferred. 

This characteristic has made Monero popular not only among users seeking privacy, but also among those conducting illicit transactions, leading to increased scrutiny from authorities. 

Fetch.ai

Fetch.ai stands out for its commitment in the field of decentralized artificial intelligence. The project aims to create an infrastructure where autonomous agents can interact and negotiate directly with other entities to perform complex tasks.

This vision is attracting growing interest from investors for its practical applications in machine learning and industrial process automation. 

For example, Fetch.ai is developing solutions to improve energy efficiency in smart cities and optimize supply chain management in the manufacturing industry. 

A recent significant development for Fetch.ai has been the announcement of a strategic partnership with some leading companies in the technology sector. 

These collaborations aim to integrate Fetch.ai technologies into a wide range of commercial applications, expanding the potential adoption of the platform. 

Despite the volatility of the cryptocurrency market, Fetch.ai is demonstrating its potential as an innovative and practical solution for various industries​

Tron 

Tron is known for its high scalability and low transaction fees, making it an attractive platform for dApp developers. Recently, Tron announced new strategic partnerships aimed at further expanding its DeFi (decentralized finance) ecosystem. 

Among these collaborations, the integration with various DeFi platforms stands out, allowing Tron users to access a wider range of decentralized financial services, including loans, trading, and staking.

Another key development for Tron has been the announcement of support for stablecoins pegged to the US dollar, which should improve the stability and attractiveness of the platform for global users.

This move is seen as a strategic step to increase the adoption of Tron in emerging markets and among users looking for more stable alternatives in the volatile world of cryptocurrencies.

Conclusion

The cryptocurrencies Monero, Fetch.ai, and Tron represent different and complementary sectors in the world of cryptocurrencies, each with its own peculiarities and challenges. 

Monero, with its focus on privacy, is facing significant challenges due to the delisting policies of exchanges, which directly affect its market valuation. 

Fetch.ai, with its innovative decentralized artificial intelligence technology, is gaining ground thanks to its practical applications and new strategic partnerships.

Tron, instead, continues to expand its DeFi and dApp ecosystem, strengthening its position as one of the most scalable and attractive platforms for developers.

Investors should closely monitor these developments to understand the opportunities and risks associated with each of these cryptocurrencies. 

In this article we will analyze the trend over time of the price of the crypto BNB (Binance Coin) and NOT (Notcoin).

The crypto market is experiencing a calm moment, after the declines at the beginning of the week. It is therefore a good time to do some price analysis over slightly longer timeframes. 

The crypto Binance Coin

BNB is the native cryptocurrency of BSC, once known as Binance Smart Chain. 

BNB was born as a token on Ethereum in 2017, with the ICO of Binance. At the time, the token was called Binance Coin.

Subsequently, with the launch of the BNB Chain, the denomination Binance Coin was abandoned, because it is no longer just the crypto of Binance but also the native cryptocurrency of BNB Chain. 

In turn, BNB Chain is a blockchain ecosystem based on three chains, BNB Smart Chain (BSC), opBNB, and BNB Greenfield. 

BSC, however, is the chain most used by common users, so by now BNB is defined as the native cryptocurrency of BSC.

Although BNB debuted on the crypto markets precisely in 2017, thanks to Binance’s ICO, it was only from the following year that its use began to spread, thanks to the success of the exchange.

Technically BSC was born in 2020, even though the year before Binance had already created another chain that had BNB as its native cryptocurrency. 

It is therefore necessary to take different starting points as references to analyze the trend of the price of BNB. 

The trend of the price of the crypto BNB (Binance Coin) and the analysis of Notcoin (NOT)

The debut on the crypto markets of BNB in 2017 occurred at a price below 0.1$. However, it is not advisable to take that as the main reference point, because in hindsight it can be said that that price was excessively low.

Already at the end of the year, it had reached a peak higher than $24, and during the bear-market of 2018, it never fell below $4. 

As a starting point for the rise in its price, it is probably advisable to take the bottom of 2018, set at around $4.5.

During 2019, with the launch of Binance’s first chain, BNB transitioned from a token on Ethereum to a native cryptocurrency, and its price over the course of the year reached a peak exceeding $38.

In other words, with the launch of the first Binance chain, BNB recorded new all-time high prices during a year that was not particularly good for the crypto markets, and in the absence of a major bullrun. This speaks volumes about how undervalued it was at the beginning in the crypto market. 

In 2020, with the launch of BSC, it did not manage to repeat the boom of 2019, but in December it climbed back above $30 with the start of the last great bullrun. 

The historical records

And so during the course of 2021 the price of BNB skyrocketed to more than $650 in less than five months, with a +2,000% that many still remember very well. 

At the time, there was a boom in DeFi on BSC, especially thanks to DEX like PancakeSwap. 

On one side BNB was necessary to pay the fees on BSC, and with many users flocking to fast and cheap DEXs, the result was a strong surge in the use of this cryptocurrency. 

On the other hand, the enormous success of Binance, and the use of BNB as a base for example for Launchpad and Launchpool, contributed to greatly increasing its demand. 

During the year it then fell below $300, but in November it managed to climb back above $650. 

Despite during the subsequent bear-market of 2022 the price dropped to around $200, and despite this bear-market for BNB extended until October 2023, with the start of the new bullrun crypto started to rise again. 

In fact, the all-time high was actually recorded this year, at the beginning of June, when it managed to surpass $700 even if only for a brief moment. 

The current situation

It is worth noting that at this moment it is at $575, that is -20% from the highs and at figures lower than even the highs of 2021, but this is a dynamic in line for example with that of Bitcoin. 

In the last seven days it has lost only 0.9%, and in the last thirty days 4%. Excluding the peak of June 5 and 6, its current price is quite in line with that of the end of May, although slightly lower. 

It should not be forgotten that 2024 started with BNB just above $300, so 2024 remains a very profitable year for now, if we exclude the last three weeks. 

Notcoin: the difference with Binance Coin and the price analysis of the crypto

Notcoin, on the other hand, is a whole different thing.

It is a token, NOT, created this year on the Telegram blockchain The Open Network (TON).

It is a sort of memecoin used in some mini-apps on Telegram, particularly in game-fi.

Despite this, it has already risen to 1.5 billion dollars in market capitalization, placing it at the 57th position among the most capitalized cryptocurrencies. 

To have some reference points, AAVE for example capitalizes only $1.4 billion, while NOT capitalizes more or less as much as BONK, a well-known memecoin on Solana, and a little less than FLOKI.

It should not be forgotten, however, that NOT landed on the crypto markets only last month. 

The trend of the price of NOT

The historical data to analyze is therefore very limited, so much so that no important information can really be drawn from this analysis. 

It is worth mentioning, however, that after debuting at around 11 thousandths of a dollar, its price had dropped to below 5 thousandths of a dollar by the end of May. 

Despite a disastrous start, during the month of June the price first recovered, but then recorded new all-time highs even at 29 thousandths of a dollar. 

On the other hand, being in fact a memecoin it has a very volatile and unstable market value, so it is not surprising that in a month and a half it first recorded a -54% followed by a +480%.

Currently it has returned to -47% from the highs, or about 15 thousandths of a dollar, a level still higher than the initial one. 

Although from the highs of the beginning of the month it seems to have done almost nothing but go down, it is not at all possible to exclude some further rally. 

It should not be forgotten that the TON ecosystem of Telegram is currently one of the most active.

Jesse Powell, co-founder of the crypto-exchange Kraken, announced on X that he donated 1 million dollars in crypto to Donald Trump’s election campaign. The magnate of cryptocurrencies joins other leaders in the sector to support and vote for the USA candidate in the 2024 presidential elections. 

Kraken: Jesse Powell and his $1 million crypto donation to Trump’s campaign

Jesse Powell, co-founder of Kraken, announced on X that he donated 1 million dollars in crypto to Donald Trump’s election campaign. 

I just personally donated $1m (mostly #ETH) to @realDonaldTrump.

For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler and others. Despite overwhelming bipartisan Congressional efforts to put clear rules in place, the Biden White House has… pic.twitter.com/Ksxf3P2oCb

— Jesse Powell (@jespow) June 28, 2024

“I have just personally donated 1 million dollars (mostly #ETH) to @realDonaldTrump. For too long the cryptocurrency industry has been attacked by Elizabeth Warren, Gary Gensler, and others. Despite bipartisan efforts in Congress to put clear rules in place, Biden’s White House has stood by and allowed an unchecked regulatory campaign. This approach is reducing the competitiveness of the United States, while other major economies around the world are introducing clear rules to regulate digital assets. I am excited to join other leaders in our community to support the only major party candidate favorable to crypto in the 2024 presidential election, so that the United States can continue to remain a leader in blockchain technology.”

Specifically, a large part of Powell’s donation was made in Ethereum (ETH). The co-founder of Kraken stated that his support for Trump is linked to the only hope for the crypto sector to obtain clear regulation in the United States. 

In fact, Powell has declared his intention to join other leaders in the sector in voting for the USA candidate in the upcoming 2024 presidential elections. 

Kraken: Powell and the donation to Trump to support the crypto sector together

In his speech, Powell of Kraken also wanted to mention some names that, in recent years, have attacked the crypto sector. 

“Elizabeth Warren, Gary Gensler e altri”, ma anche la “Casa Bianca di Biden” are for Powell the culprits of an approach that makes the crypto and blockchain sector in the USA increasingly less competitive compared to other countries. 

In fact, just last year, Kraken had to fight real battles against the Securities and Exchange Commission (SEC) of the USA.

For example, in February 2023, the crypto-exchange had to close its crypto staking operations, following charges from the SEC. The SEC’s accusation was that the crypto-exchange was providing an unregistered security investment service.

Last November 2023, then, came the new complaint from the SEC accusing Kraken of operating as an unregistered securities exchange. This time, the crypto-exchange decided to react, starting to defend its position in court.

In any case, the latest news from Kraken talks about the preparation of the crypto-exchange for a funding round of 100 million dollars, in view of a possible IPO. 

More and more crypto leaders support Trump

Jesse Powell di Kraken is not the first leader in the crypto sector to make his donation and express his support towards Donald Trump. 

In fact, just last week, even the two twin founders of the crypto-exchange Gemini, Tyler and Cameron Winklevoss donated 2 million dollars in Bitcoin to the pro-crypto candidate of the USA.

Here too, the twins argue that voting for Trump would put an end to the war on crypto promoted and implemented by the Biden administration. 

In the meantime, Donald Trump has renewed his position on Bitcoin, emphasizing the crucial importance for the United States to take a leadership role in the cryptocurrency sector.

The deadline for submitting the 2023 tax return is approaching: this year there are new rules regarding taxes on crypto, particularly the stamp duty.

The Redditi Persone Fisiche 2024 model, related to the tax year 2023, must be submitted by October 15, 2024, according to what is read on the official website of the Agenzia delle Entrate, but the stamp duty must be paid by June 30.

Since June 30th this year falls on a Sunday, the last good day to pay it is the first of July. 

It is therefore necessary to distinguish between the deadline for the submission of the overall income tax return for individuals, and the deadline for the payment of the stamp duty. 

The stamp duty and the income tax return for the payment of crypto taxes

The payment of the stamp duty on criptovalute must be made by June 30, but since this year June 30 is a Sunday, there is time until the first of July to pay it.

Technically it is not called stamp duty, but tax on the value of crypto-assets (IVACA). It has nothing to do with the payment of taxes on any capital gains, which are a completely separate matter, with different deadlines.  

On the specialized website Fisco7, a complete guide on the methods of determining IVACA has been published. There is also an official circular from the Agenzia delle Entrate that explains everything in detail, but it is a technical document that is not easy to understand for non-experts.

The IVACA was introduced with the financial law of 2022, and it came into force in 2023. 

It is a tax on the possession of cryptocurrencies, and since the taxes for 2023 must be paid this year, it is the first time ever in Italy that it must be paid by taxpayers. 

The amount to be paid for the IVACA is calculated as two per thousand (0.2%) of the value in euros of the crypto-assets held by the taxpayer. 

The payment must be made using the appropriate F24 form. 

Declaration and crypto taxes: The payment on exchanges of the stamp duty

Those who hold their crypto-assets at an exchange, or a custodial wallet, might have already paid the IVACA. In fact, in theory, it would be up to third-party custodians to pay this wealth tax on behalf of their users, although it seems that not all custodians have already done so. 

Certainly the taxpayer does not have to pay twice. So if the exchange has already paid its IVACA, it does not have to pay it again, while if the custodian has not provided for it, the taxpayer himself must take care of it. 

In order to avoid paying the IVACA in case of payment already made by the custodian, it is necessary to have a document issued by the custodian himself certifying the payment. 

However, even in the case of payment of IVACA by the custodian, the taxpayer is not exempt from the obligation to complete the W form for tax monitoring purposes. 

The W painting

The W framework is the update of the old RW module, to which fields have been added to also include the IVACA. 

This section allows the taxpayer to declare the value in euros of the cryptocurrencies in their possession. 

To declare the possession of crypto-assets in column 3, the code 21 must be entered. 

It is necessary to specify the initial value and the final value, plus the number of days of possession. 

The amount of IVACA must be calculated on the final value in euros indicated in box W in proportion to the number of days of ownership. 

Given that these calculations can also be very complex to perform, in case of possession of many different crypto-assets and especially many transactions and exchanges during the fiscal year, it is advisable to use specific software for the calculation, or to rely on professionals who are experts in the field. 

It is very simple to make mistakes, and if the figures start to become significant, you run the risk of incurring penalties of even significant amounts. 

The two thresholds 

Although there are no thresholds below which the W framework does not need to be completed, there are, however, two interesting thresholds regarding the payment of IVACA. 

The first is a very simple threshold: for amounts less than 12€, the IVACA does not need to be paid. 

Therefore, only those who, after filling out section W and performing all the calculations mentioned above, are required to pay this stamp duty on crypto-assets if the stamp duty amounts to 12€ or more.

This is not a specific threshold for the IVACA but a generic one for stamp duties. 

The other existing threshold is that of 51.65€, because below this threshold the advance is not paid. 

Therefore, for amounts less than 12€, IVACA is not paid, while for amounts between 12€ and 51.65€, only IVACA on 2023 is paid but not the advance. 

The advance

Instead, for amounts exceeding 51.65€, the advance payment for 2024 must also be paid. 

The Italian tax authorities are accustomed to sometimes asking for the advance payment of taxes. 

Since taxes on activities of a fiscal year are paid many months after the end of the year, in the following year, in some cases the Italian tax authorities ask in the current year to also pay an advance on the income of the same current year, in addition to the taxes on the income of the previous year. 

This also applies to the IVACA of 2024, but only for those who during 2023 have accrued a tax exceeding 51.65€. 

The problem is that this means that, for this first year, those who have accrued an IVACA exceeding 51.65€ during 2023 risk ending up having to pay up to 0.4%, including the advance for the current year. 

The thing is at least curious, given that it is practically impossible that at the end of 2024 the value of crypto assets will be equal to that of the end of 2023. 

However, there is at least the possibility of paying the advance in installments in the case of IVACA exceeding €257.52. 

Obviously, next year any advance payment already made this year will be deducted from the IVACA tax accrued throughout 2024. 

SPONSORED POST*

Bitcoin  declined recently, while Pepe has seen a notable increase in value. However, the percentage increase in Pepe is trailing behind that of a new meme token Raboo which has been said to have the capability to distrupt the meme ecosystem.

Raboo ($RABT) presale token has continued its upward trend, with a notable 60% increase since Stage 1 and nearly $2 million raised. Forecasts of a potential 100x surge upon launch underscores Raboo’s profit potential as one of the best cryptos to buy in 2024. 

Bitcoin’s declines persist despite struggles to reach previous ath

Bitcoin’s recent fall to $60,000 has compounded its struggles to surpass its previous ATH. The recent dip was caused by bitcoin miners selling off coins to fund necessary hardware upgrades, as older equipment became unprofitable following the recent halving event, which reduced block rewards to 3.125 BTC.

Despite the downturn, bitcoin analyst, Willy Woo, anticipates a potential rebound in Bitcoin’s price once the process of “culling weak miners” concludes. This adjustment, he suggests, will stabilize the market as weaker mining operations shut down, potentially reducing the oversupply of bitcoins being sold. Woo supports his prediction with technical analysis indicating a forthcoming reversal, although he cautions that bitcoin’s recovery may require the purging of futures open interest before significant upward movement can occur.

Pepe (Pepe) Defies market downturn with 8% surge amid bullish metrics

Pepe surged recently with a significant 8% despite the bearish sentiment in the market, underscoring its resilience and affirming it as one of the best cryptos to buy in 2024. Pepe has also witnessed strong trading activity, suggesting potential sustainability for Pepe’s price momentum in the near term.

Key metrics for Pepe have turned bullish, underscoring its resilience and market sentiment shift. With an RSI of 53, the coin has moved out of bearish territory, signaling favorable conditions for a short-term rally. 

Moreover, trading above both its 200-day simple and exponential moving averages reflects Pepe’s ability to maintain higher price levels despite recent market volatility, distinguishing itself from other meme coins like Dogecoin and Shiba Inu. Pepe’s  recent performance further buttresses its potential for further gains, supported by robust trading volume and positive technical indicators. 

Raboo set to revolutionize the memecoin ecosystem in 2024

Raboo (RABT) presale token is poised for significant growth as it combines SocialFi, MemeFi, and blockchain technology, offering a novel platform where memecoin enthusiasts can engage and earn rewards. Analysts project a potential 233% increase by the end of its presale phase, with expectations of a 100x surge upon listing on major exchanges. Backed by a SOLIDProof audited smart contract, Raboo aims to foster a vibrant global community of like-minded crypto investors.

Raboo introduces an innovative Post-to-Earn platform, enabling users to monetize their social media content within the memecoin ecosystem. Positioned as one of the best altcoins to invest in 2024, Raboo invites early adopters to participate in its community-driven approach, emphasizing potential for substantial returns. The project sets ambitious goals to achieve top 20 cryptocurrency status by market cap, positioning itself to compete with established players like Pepe in the evolving blockchain landscape.

Based on the Ethereum ERC-20 network, Raboo offers investors smooth and reliable transactions while inching closer towards its vision of integrating memes and AI technologies which would distinguish it as the leading AI-powered meme coin of 2024. 

Conclusion

While bitcoin continues to struggle to reach its previous ATH, Pepe has recently surged, showing a significant increase of over 8%. However, investor attention has shifted to Raboo, a new meme token touted as one of the best altcoins to invest in 2024. Currently in Stage 4 with an entry price of $0.0048, analysts anticipate Raboo to deliver returns of about 10,000% to investors upon its launch.

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal 

Twitter: https://twitter.com/Raboo_Official

*This article was paid for. Cryptonomist did not write the article or test the platform.

The Honeypot Crypto Scam is a technique or scheme that uses a cryptocurrency wallet, a token, or a smart contract to attract its victims. Unaware users, in fact, voluntarily decide to invest, transfer, or exchange their tokens, ending up being robbed. 

Honeypot Crypto Scam: the scheme that uses smart contract, token, or wallet to scam its victims

The Honeypot Crypto Scam is a scam scheme used to lure new victims, with the prospect of stealing their funds.

Specifically, in this type of scam, the bad actor uses a cryptocurrency wallet, a token, or a smart contract to lure unsuspecting users and induce them to invest, transfer, or exchange tokens and criptovalute.

Basically, what characterizes the Honeypot Crypto Scam is a promise of substantial gains to unsuspecting victims, who voluntarily transfer their funds to the scammer’s crypto wallet. 

Only at a later time will users realize that it is indeed a scam, and that they have therefore lost their tokens and cryptocurrencies. 

There is also the possibility that this kind of scam could happen even when the scammers pose as novice users looking for help. 

But let’s get more specific, here are the crucial points to identify when you are encountering a Honeypot Crypto Scam. 

Honeypot Crypto Scam: how does it work and how is it structured? 

Generally, the Honeypot Crypto Scam unfolds in three distinct phases. The first phase sees the scammer deploying their smart contract which appears to have a design flaw and allows any user to extract the contract’s tokens. 

Here we are in the “honeypot” phase, which is that moment when the instinctive greed of users is exploited, given that at its core there is the promise of substantial future gains. In reality, the malicious smart contract will require the victim user to send it a certain amount of cryptocurrency first. 

Here is the second phase, which is when the unaware users send the requested deposit in crypto, and attempt to exploit the vulnerability to cash out. Right here, a second vulnerability will intervene that prevents the victims from withdrawing the initial deposit and the contract’s reserve. 

Finally, the third phase involves the scammer cashing in the funds from the malicious smart contract, including the deposit of all the victims of the Honeypot Crypto Scam. 

As anticipated, this kind of scam can also happen when scammers pose as novice users seeking help. Here, the bad actor will first contact users on social media, pretending to be an inexperienced user who needs help to cash out or transfer their fake large crypto funds. 

To be more convincing, the scammer might share their private keys with the unsuspecting victim and promise them a portion of their tokens in exchange for their help. 

With this premise, in order to proceed, the victim will be forced to deposit the native token of the blockchain on which the wallet operates to withdraw the tokens. 

And it is precisely here that the funds will go into the hands of the scammer, as they are immediately redirected to another wallet, using automatic scripts once reached. 

How to stay away from scams in the world of cryptocurrencies

Being a crypto user today requires the knowledge and implementation of some fundamental behaviors to stay safe from continuous crypto scams or cryptocurrency frauds. 

In fact, in addition to the Honeypot technique, there are many others that continue to increase in number and become increasingly specialized to scam users in this magical sector. 

In this regard, in this jungle, every crypto user should consider following a series of valid rules for their safety.

For example, first and foremost, it is necessary to safeguard your wallet where your crypto are stored. 

In this case, it is always better to rely on hardware crypto wallets like Ledger, or decentralized crypto wallets where the user owns the private keys and not the online platform. 

Another behavior is to stay updated on the various scam techniques in the sector. There are various reports that reveal the current trends and the characteristics of each crypto scam. 

Besides Honeypot, in fact, there are the techniques of phishing and approval phishing, but also of “access control”, “rug pull”, “oracle issue”, and many others. 

Latest news: the economic alliance BRICS (Brazil, Russia, India, China, and South Africa) had a strong 2024 in terms of the de-dollarization mission: the production of gold and oil has become a key strategy to dethrone the US dollar.

Led by its five founders and the recently introduced member countries, the bloc is eager to abandon the US dollar as the main global reserve currency. 

The alliance has turned to multiple sectors and resources to achieve this goal, and these sectors have worked well so far. 

The strategy based on gold and oil of the countries in the latest news from BRICS

Gold has always been considered a safe store of value, especially in times of economic uncertainty. The BRICS countries, particularly China and Russia, have significantly increased their gold reserves in recent years.

China, which is also the largest gold producer in the world, has accelerated its efforts to increase gold reserves, seeking to establish the yuan as an international reserve currency.

Russia, on the other hand, has used gold as a tool to protect itself from Western sanctions and to diversify its reserves away from the US dollar. 

Both countries are now looking to create a gold-backed currency for international transactions within the BRICS bloc. This approach aims to build trust among trading partners and reduce dependence on the dollar.

Oil is another strategic resource in the BRICS plan to dethrone the dollar. Russia, one of the largest oil producers in the world, has already started selling oil in currencies other than the dollar, such as the ruble and the yuan. 

This is a significant step towards de-dollarization, as oil is traditionally traded in US dollars globally.

Furthermore, the countries of the Middle East, such as Saudi Arabia, which have historically been allies of the United States, are showing a growing interest in diversifying their economic alliances and evaluating the possibility of accepting other currencies for oil transactions. 

If this trend continues, it could mark a significant turning point in the global financial system.

Collaborations and infrastructures with the goal of de-dollarizing

The BRICS are also investing in financial infrastructure to support de-dollarization. 

The New Development Bank (NDB), founded by the BRICS, was created to finance development projects within the bloc, reducing dependence on Western financial institutions such as the International Monetary Fund (IMF) and the World Bank. 

The NDB has started issuing loans in local currencies of member countries, further promoting the use of national currencies in trade and investment.

Furthermore, the creation of alternative payment systems, such as China’s Cross-Border Interbank Payment System (CIPS), offers an alternative to the U.S.-dominated SWIFT system. 

This allows BRICS countries to conduct international transactions without going through the dollar, reducing their exposure to U.S. financial sanctions.

Despite the progress, the road towards de-dollarization is not without challenges. The US dollar remains deeply entrenched in the global financial system, with most international trade still denominated in dollars. Additionally, the liquidity and stability of the dollar make it an attractive choice for investors and governments around the world.

However, the commitment of the BRICS to diversify their reserves and promote the use of national currencies could slowly erode the dominance of the dollar. With the increase in geopolitical tensions and economic instability, the search for alternatives to the dollar becomes increasingly relevant.

Conclusion

The year 2024 marked a crucial year for the BRICS economic alliance in its mission of de-dollarization. Gold and oil have become fundamental pillars of this strategy, with the goal of reducing dependence on the US dollar and promoting a more multipolar financial system. 

Through the increase of gold reserves, the sale of oil in alternative currencies, and the development of independent financial infrastructures, the BRICS are attempting to dethrone the dollar and reshape the global economic landscape.

The future of de-dollarization will depend on the ability of the BRICS to maintain cohesion and continue to expand their economic influence. If they succeed, the world could see a significant transformation of the international financial system in the coming decades.

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Price speculation has always been a hallmark of the crypto community. With investors looking to jump ship to the next big altcoin, the rush to a new ATH has begun for many projects, including Ethereum (ETH) and Avalanche (AVAX). 

Many assets are poised for new ATHs in the next bull run, but Rollblock (RBLK) poses a great opportunity for profit in its current presale phase. With a plan to explode by more than 800%, and just shy of $1 million raised in a matter of weeks, today we will discuss why Rollblock is a safe bet for investors who are searching for exemplary returns on their investment.

Ethereum (ETH) Sees Success as ETFs Gear Up To Launch In July.

The news of the spot ETFs on Ethereum has renewed optimism within the Blockchain ecosystem. With a plan to go live by July 2024, there is an increased level of activity within the protocol. Developers and investors alike are scrambling for positions as massive profits are expected. 

Notably, Bloomberg has reported that industry giants like BlackRock and VanEck have submitted final applications to the SEC. This has secured the position of both companies in terms of the profitability of ETH spot ETFs. Perhaps this has been the primary reason for the 56% increase in ETH trade activity, with more than 800,000 active addresses as June draws to a close. 

July is brimming with opportunity within Ethereum, as ETH trades and adoption could drive profits towards small-cap altcoins like Avax and Rollblock, not to mention the increase in Ethereum price. With these developments underway, a $4,000 breakout is imminent, showing a northward trajectory for the Ethereum price. 

AVAX Struggles as Price Dumps By 10% Following Massive Selloff.

The Avalanche network has been plagued with skepticism as the profitability of the project is once again in question. This is chiefly due to its recent 10% price drop following selloffs from AVAX whales. It was reported that numerous crypto exchanges received deposits totaling $54M in AVAX tokens. This may be whales simply manipulating the market, or it could indicate that strong investors have lost faith in the project altogether. 

However, these recent developments have not stopped AVAX from implementing solid measures to ensure profitability through its open and interoperable ecosystem. The AVAX token continues to provide utility and profitability, and the network is certain of a long-term recovery and a new ATH despite recent pessimism.

Rollblock Presale: Best Bet For New And Seasoned Crypto Investors.

Utility and profitability are highly coveted within the crypto community. The industry, known for its price volatility, has always favored assets with clear-cut applications and profit potential. Rollblock aims to provide just that by combining Blockchain technology with traditional casinos and gambling. The resulting hybrid promises a safe and secure way to gamble online, with real stakes and real profits. 

The immutable nature of the Blockchain ensures that bets cannot be tampered with. This would deter malicious players from trying to disrupt the system. Rollblock has declared a host of rewards and benefits as its presale phase enjoys increased adoption. Presale holders will receive a percentage of revenue generated by Rollblock’s platform as a reward for loyalty, as well as staking bonuses. 

With buyback campaigns, Rollblock provides an incentive for users to hold on to their RBLK tokens. These tokens would be bought by the network, with 50% committed to burn events, and 50% for redistribution among presale holders.

Moreover, Rollblock has no KYC requirements, so using the protocol ensures anonymity and user protection. The platform also offers high-level exchangeability, as users can swap RBLK for other crypto assets or fiat. Considering the promising potential and numerous benefits, combined with high-level asset protection and transparency, it is no surprise that Rollblock is projected to hit $10 in its ongoing presale. This would mark the beginning of many ATH events for the emerging digital asset.

Conclusion 

In light of all the happenings in the crypto world, Rollblock provides an opportunity for growth in its presale. With its current presale price of $0.0145, this has opened the asset to a host of ETH and AVAX investors. 

Rollblock aims to reward users who bet on the project and all it has to offer. This would go a long way to cement Rollblock’s dominance as a potential blue-chip asset, and an 100x altcoin to watch out for in 2024.

Discover the exciting opportunities for the Rollblock (RBLK) Presale today!

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

Socials: https://linktr.ee/rollblockcasino 

*This article was paid for. Cryptonomist did not write the article or test the platform.

Coinbase and Stripe have formed a new partnership aimed at bringing Base to millions of businesses. Among the various new features, the payment processor Stripe adds support for USDC on Base. 

Coinbase and Stripe: the new partnership to bring Base into onboarding

Coinbase has announced its new partnership with the payment processor Stripe, with the goal of bringing Base into onboarding.

Coinbase Stripe

Coinbase is partnering with @stripe to bring @base's faster, cheaper financial infrastructure to millions of businesses around the world.

Here’s what we’re doing ↓ pic.twitter.com/OwNOFqFbFB

— Coinbase (@coinbase) June 27, 2024

“Coinbase collaborates with @stripe to bring @base to millions of businesses around the world. Here’s what we are doing..”

In its series of tweets, Coinbase explains that the common goal with Stripe is to improve the financial system.

In practice, as a first objective, Stripe adds support for Base, the layer-2 blockchain of Coinbase. Specifically, the partnership includes three key integrations.

The first is the addition of support for USD Coin (USDC) on Base as part of Stripe’s crypto payments, allowing faster cross-border remittances and fiat equivalent settlements in 150 sovereign countries.

Following, the addition of USDC on Stripe will also be available as part of the payment processor’s on-ramp, from fiat to crypto, facilitating onboarding for customers converting fiat into digital assets.

On the other hand, Coinbase is adding Stripe to the fiat-to-crypto conversion portal of Coinbase Wallet. This way, people can purchase cryptocurrencies instantly with credit cards and Apple Pay.

Coinbase and Stripe: the onboarding partnership but also for developers

Another peculiarity of the new partnership signed by Coinbase and Stripe is also aimed at builders and developers. 

In fact, at stake is il Base Buildathon, which allows them to discover how to leverage Stripe’s features for cryptocurrencies on Base. 

Not only that, this June, Stripe has also committed to being a sponsor of the ‘Onchain Summer Buildathon’ by Coinbase. 

@stripe is sponsoring the Payments track for @coinbase's Onchain Summer buildathon,.

From May 31–June 30, build a consumer payment experience and show us how easy it is for anyone to get onchain. https://t.co/N15dmlIvvR

— John Egan (@john3gan) May 21, 2024

“@stripe sponsors the payment track of @coinbase Onchain Summer. From May 31 to June 30, build a payment experience for consumers and show us how easy it is for anyone to get on onchain.”

The first crypto brand in the ranking to be used as a scam

Recently, Coinbase has made headlines for being included in the ranking of US brands that scammers most frequently use for their scams.

In fact, it seems that Coinbase is the first crypto brand most used for scams, collecting in 4 years as many as 416 frauds in its name. 

Nothing to do with the brands from the USA in other categories, like Meta, used by scammers for as many as 10,457 attacks. 

For the category “banking and finance”, the number one brand most affected by hackers is JCB with over 14,000 scams in its name, but also the popular brands PayPal, Mastercard, and Visa have collected over 1000 attacks each.

SPONSORED POST*

Crypto investors are hoping for a quick end to the market correction, followed by a sustainable uptrend. Litecoin (LTC) and XRP (XRP) investors are capitulating, shifting their attention to new cryptocurrencies for massive gains.

WW3 Shiba (WW3S) is an upcoming SocialFi meme coin that is attracting attention in the early stages of its presale. An experienced investor is calling WW3 Shiba the best new cryptocurrency to buy based on its plans to launch a play-to-earn platform.

WW3 Shiba is a good altcoin alternative for disgruntled Litecoin and XRP investors, as it is predicted to surge 1,000X during its pre-sale. An investor who lost thousands of dollars in the recent correction considers WW3 Shiba a viable prospect for crypto portfolio diversification.

Litecoin Price Action Stresses Investors

Litecoin investors have been greatly affected by the recent market dip. The Litecoin community has made it obvious that it is hoping for a quick recovery for the blue-chip cryptocurrency. In the past month, the majority of Litecoin holders saw their holdings tumble 12% after LTC’s price fell to $73.92.

Another investor who bought Litecoin at this year’s high of $109 on March 30 is sitting on a 32% loss, fueling the desire to recoup losses through a new altcoin such as WW3 Shiba. Analysts have made it worse for underwater investors by giving bearish Litecoin price predictions. LTC is tipped to plummet to less than $60.

Investor Wants XRP’s Legal Battle to End

XRP investors are closely following the Ripple-SEC lawsuit, hoping for an amicable end to the case. This is mainly because Ripple is affiliated with XRP. The case took another turn on June 15, when the U.S. Securities and Exchanges Commission (SEC) wrote a letter rejecting Ripple’s request for a $10 million penalty. 

The XRP holder wants this matter put to bed as soon as possible. The recent XRP price action has not been kind to investors. XRP marginally increased by 0.11% this past year, leaving investors hoping for tangible gains.

Investors Look to WW3 Shiba for 1,000X Gains

WW3 Shiba, a new meme coin that will bring SocialFi and GameFi together, has become a hit with Litecoin and XRP investors looking for substantial presale gains. An analyst has brought hope to Litecoin and XRP investors by calling WW3 Shiba the best meme coin to buy now.

An investor who has been in the industry for several years claims that WW3 Shiba has the hallmarks of a future blue-chip cryptocurrency. WW3 Shiba will enter the blockchain gaming space by launching a play-to-earn platform. This move could help WW3 Shiba disrupt the $175 billion gaming market.

An early investor in the ongoing WW3 Shiba presale says that the meme coin has a practical roadmap, with further gains expected after listing. WW3 Shiba has allocated 8% of its total token supply for listing on major DEXes and CEXes. Other investors are prepared to hold WW3 Shiba as it is predicted to soar 1,000X when it trades on the open market.

If you would like to find out more information about the presale:

Website: ww3shiba.com

Twitter: https://x.com/WW3SHIBATelegram: https://t.me/ww3shiba_portal

*This article was paid for. Cryptonomist did not write the article or test the platform.

This article was paid for*

A new P2E meme coin – PlayDoge ($PLAY) – is experiencing a significant surge in demand during its ongoing presale. 

PLAY has already raised over $5.1 million in its ICO, despite the significant bearish pressure on the broader cryptocurrency market. 

The success of Notcoin and Hamster Kombat has put the spotlight on the GameFi sector, which experts believe is one of the key factors behind PlayDoge’s early success. Indeed, its Tamagotchi-style, play-to-earn game makes PLAY one of the top candidates that could follow in the footsteps of NOT and HMSTR.

In fact, a few YouTube trading experts are backing PlayDoge as one of the best crypto to buy now. 

The PlayDoge Game – Embrace The 90s Nostalgia and Earn Free Crypto

The success of Notcoin and Hamster Kombat isn’t exactly a surprise, considering analysts have been bullish on the GameFi sector from the very start of this bull cycle. 

However, the extent of their success – with Hamster Kombat becoming the most popular game in the world – has created a new meta. New projects are no longer aiming for complex games such as FPS or MMORPGs. Instead, simple, beginner-friendly games have become the hottest commodities and are seeing much higher adoption. 

For instance, PlayDoge is launching a Tamagotchi-style virtual companionship game, tapping the popularity of the iconic Doge character and the 90s nostalgia of Tamagotchi. 

The rules of the game are straightforward and easy to follow. Players get to own Doge as their own virtual pet, which they must feed, train and play with. Negligence will be penalized and the pet could run off to another home or even die. 

Essentially, PlayDoge is a modernized version of Tamagotchi, except players can operate the game via a smartphone application and not a handheld toy. 

More importantly, it offers an additional incentive of earning free crypto. Players can complete a series of classic games – similar to 8-bit, 2D side-scrollers – and win $PLAY tokens. 

They will also earn experience points, which will be tracked via a leaderboard. Players with the most experience points will be eligible for bonus $PLAY bounties, as a reward for their commitment to the game. 

PLAY Boasts Strong Fundamentals – Staking Rewards, Community-centric Tokenomics and Smart Contract Audit

Aside from its beginner-friendly, play-to-earn game, PlayDoge has impressed investors with its strong fundamentals. 

For instance, PLAY is a true multi-chain meme coin, which offers lucrative staking rewards on both Ethereum and BNB Smart Chain. 

Investors can visit the PlayDoge staking dashboard and check the reward rate for both chains. 

Similarly, the project has adopted community-centric tokenomics, choosing not to reserve tokens for the developer team or any private sale. 50% of the tokens will be sold out in the presale itself, while 12% and 6.5% of the token supply have been allocated to staking and community rewards, respectively. 

The remaining supply has been reserved for liquidity, project funds and marketing. 

In the interest of transparency, PlayDoge has also publicized its smart contract audit report. The audit – conducted by Solid Proof – did not reveal any security lapses or centralization risks associated with PLAY.

Is PlayDoge The Best Crypto To Buy Now?

Narrative trading is key in a bull market. While high-tech tokens such as Chainlink and XRP have barely shown any strength, meme and AI tokens have turned several small-scale investors into millionaires. 

PlayDoge combines two of the most in-demand narratives of this bull cycle – memes and GameFi, making it one of the best crypto to buy now.

Indeed, offering Doge as a digital virtual companion has resulted in strong interest from meme coin enthusiasts, while its Tamagotchi-style game makes it a high-potential play-to-earn token. 

Unsurprisingly, experts are quite bullish on PLAY, with some analysts hinting at the possibility of 100x gains. 

Interested buyers can head to the PlayDoge website and use the over-the-counter widget. 

Notably, they can swap either ETH, BNB or USDT to buy the meme coin, owing to its multi-chain status. Alternatively. They can also use a bank card. 

Visit PlayDoge Presale

*Cryptonomist did not write the article or test the platform.