E Money Network, a modular RWA blockchain based in Bengaluru, India, has introduced a significant $2 million grant initiative in the cryptocurrency realm. This program aims to support RWA projects in developing on their blockchain and fostering the growth of the RWA economy. The network offers a developer-friendly SDK and pre-built modules like KYC verification, banking, staking, and governance for seamless integration into applications. With features like Inter-Blockchain Communication (IBC) and compliance modules for upcoming regulations, E Money Network ensures a robust foundation for RWA applications. The grant program, part of the #BUIDLonEMN initiative, invites innovative developer teams to propose RWA-centric ideas for a chance to receive funding, mentorship, and networking opportunities. Evaluation criteria include measurable milestones and KPIs, with grants ranging from $5000 to $50000. Interested parties can apply through the grant application form and Discord channel for E Money Network. Read more AI-generated news on: https://app.chaingpt.org/news

In the realm of meme coins, Poodlana (POODL) emerges as a trendsetter, bringing a touch of high fashion to the cryptocurrency world. While political meme coins gain popularity, Poodlana stands out by infusing glamour into the crypto ecosystem. Scheduled to debut on Solana on July 17, Poodlana offers a unique blend of luxury and community-driven growth. Inspired by the chic appeal of poodles, especially popular in Asian markets, Poodlana aims to captivate enthusiasts seeking a stylish meme coin experience. The project's innovative presale strategy, featuring a 30-day token sale with incremental price increases, sets it apart. With a total token supply of 1 billion POODL tokens, Poodlana allocates resources to various aspects like marketing, rewards, and liquidity. The project ensures transparency by unlocking all tokens on day one and burning unsold tokens post-presale. Poodlana's commitment to community benefits and timely trading opportunities distinguishes it in the competitive crypto landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Recent on-chain data reveals a surge in Bitcoin's active addresses, indicating a potential positive shift in the cryptocurrency's price. According to IntoTheBlock, the Daily Active Addresses metric has shown an increase, reflecting heightened transaction activity on the blockchain. This rise suggests growing user engagement, with over 900,000 addresses conducting transactions within 24 hours. The trend, which began in early June, signifies a renewed interest in Bitcoin after a period of decline. Such spikes in active addresses historically precede price surges, fueling optimism for bullish momentum. However, contrasting this optimism, the derivatives market shows a rise in bullish bets, potentially signaling an overheated market. Despite these mixed signals, Bitcoin's current price hovers around $61,900, highlighting the ongoing volatility in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

Uniswap, the top decentralized exchange in the crypto industry, has hit a new all-time high in swap volume, showcasing its dominance in the DEX realm. This achievement underscores its vital role in the growth of DeFi, as more users turn to DEXs for flexible and decentralized trading options. With 4 million swappers in June alone, Uniswap's success on layer 2 solutions signifies a surge in activity. The platform's faster transactions, lower fees, and enhanced user experiences are reshaping the DeFi landscape. The rise in swap volume is linked to the increasing popularity of decentralized exchanges, especially with the introduction of Uniswap V2 pools. The adoption of layer 2 solutions like Arbitrum and Polygon has further boosted Uniswap's capabilities. The launch of Zora Network aims to improve swapping efficiency, showcasing Uniswap's commitment to innovation and market expansion in the DeFi sector. Read more AI-generated news on: https://app.chaingpt.org/news

Chainlink has collaborated with Fidelity International and Sygnum to introduce Net Asset Value (NAV) data onchain. The initiative aims to make the NAV of Fidelity’s $6.9 billion Institutional Liquidity Fund available onchain in real-time. NAV, a financial metric used to assess a fund's value, will now be accessible instantly, unlike traditional methods that update data after each trading day. This data will benefit Sygnum's clients, who recently tokenized $50 million from Matter Labs' treasuries. Chainlink's co-founder, Sergey Nazarov, believes that tokenized funds offer greater efficiency than traditional methods and predicts they will revolutionize the asset management industry. Additionally, the Depository Trust and Clearing Corporation (DTCC) utilized Chainlink's technology in its Smart NAV industry pilot, exploring new possibilities for transmitting NAV data across different blockchains. This partnership signifies a significant step towards digital asset management in the crypto market. Read more AI-generated news on: https://app.chaingpt.org/news

Filecoin's (FIL) price has experienced a significant decline since April, dropping from $9.3 to $4.3. Despite this, investors are eager to reverse this trend by pushing the price upwards and breaking out of consolidation. Positive signs include the Chaikin Money Flow (CMF) showing an uptick towards the neutral line, indicating potential buying pressure. Additionally, the Funding Rate has been consistently positive, suggesting a preference for long positions among traders. These indicators reflect growing confidence and interest in cryptocurrency. Currently trading at $4.29, Filecoin is range-bound between $4.61 and $4.20, with a potential 7% rally if it breaks out. However, failure to do so could lead to further consolidation or a drop below $4.20. Reclaiming $5 remains a key target for the altcoin, with predictions pointing towards a bullish outlook. It is important to conduct thorough research and seek professional advice before making any financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news

A recent Bank of Canada survey found that less than 3% of Canadians have utilized Bitcoin or other cryptocurrencies for day-to-day transactions over the past two years. Despite a growing trend in alternative payment methods, such as e-transfers, the use of cryptocurrencies remains unpopular in the country. The reluctance to go cashless is a major factor hindering crypto adoption, with over 80% of respondents expressing no intention to stop using cash in the future. However, Canada boasts the second-largest network of Bitcoin ATMs globally, with 2,941 active machines. In a bid to promote financial innovation, the Bank of Canada has partnered with the Bank for International Settlements to establish the BIS Toronto Innovation Centre, focusing on themes like central bank digital currencies. While crypto adoption may be slow, the thriving ATM ecosystem indicates a growing interest in digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

T-Mobile Deutsche Telekom MMS has teamed up with Subsquid, a decentralized data platform, to operate dedicated worker nodes within Subsquid's decentralized 'data lake.' This collaboration aims to enhance the security and efficiency of blockchain data retrieval and delivery. Worker nodes within the Subsquid network process data queries and fetch the requested information from the data lake for data consumers. Alexander Ebeling, co-founder of Web3 Unit Deutsche Telekom MMS, highlighted the importance of security in enterprise-scale systems, emphasizing the need to protect against cyber threats. The partnership with Subsquid is set to strengthen and secure permissionless data access across Web3. This initiative follows Deutsche Telekom's involvement as a validator for the Ethereum layer-2 scaling platform Polygon. The collaboration also addresses challenges such as efficient data partitioning and implementing robust security measures in a decentralized environment, ensuring the authenticity of all relevant data. Read more AI-generated news on: https://app.chaingpt.org/news

Marathon Digital Holdings, the largest Bitcoin mining company globally, has retained its entire Bitcoin holdings despite the recent market downturn. With over 18,536 Bitcoin valued at $1.1 billion as of June, the firm plans to bolster its holdings through strategic purchases and exploring other opportunities. The company, valued at $6.25 billion, aims to reach a hash rate of 50EH/s by 2024. Additionally, Marathon's innovative Bitcoin mining project in Finland, heating a town using excess heat from mining rigs, showcases the potential for sustainable heating solutions. The company's commitment to holding Bitcoin amidst market fluctuations highlights its long-term vision and strategic approach in the crypto space, setting a precedent for other industry players. Marathon Digital's steadfast stance on Bitcoin reflects its confidence in the digital asset's future prospects and its dedication to sustainable mining practices. Read more AI-generated news on: https://app.chaingpt.org/news

Femi Akinola, a Nigerian crypto trader, returned 90 Solana tokens valued at $14,000 that were mistakenly sent to him by a foreign trader. This act of integrity received widespread acclaim, with the crypto community gifting him over 35 SOL. Akinola, in an interview with Cointelegraph, shared how The Crypto Network intended to send him $100 in SOL as a giveaway but mistakenly transferred 100 SOL worth $13,300. Despite being allowed to keep 10 SOL, Akinola returned the rest, citing his Christian faith as the motivation. He hopes his actions will improve the perception of Nigerian traders in the global crypto space and plans to educate others through free seminars. Akinola also warned against pump-and-dump schemes, emphasizing the importance of trust within the crypto community. Read more AI-generated news on: https://app.chaingpt.org/news

RedStone Oracles has successfully raised $15 million in a Series A funding round for its versatile blockchain oracle platform, attracting 100 clients. The company, known as the 'fastest-growing modular oracle,' plans to use the funds to enhance its oracle products, offering optimized price feeds for Ethereum Virtual Machine (EVM) and rollup-as-a-service (RaaS) networks. Led by Arrington Capital, the funding round saw participation from Spartan, IOSG Ventures, SevenX, Amber, HTX Ventures, and angel investors. RedStone, established in 2021, has gained significant traction since its mainnet launch in January 2023, serving over 100 clients and securing $4 billion in value. With support for 60+ blockchains, RedStone aims to provide cost-effective solutions for decentralized applications by minimizing transaction costs. The company's innovative approach has positioned it as the sixth-largest oracle solution in the market, catering to 38 protocols. Read more AI-generated news on: https://app.chaingpt.org/news

CoinDCX, India's largest cryptocurrency exchange, has made a strategic move by acquiring BitOasis, a virtual asset trading platform in the Middle East and North Africa (MENA) region. This acquisition marks CoinDCX's entry into the MENA market, showcasing its intent for broader expansion. BitOasis, known for its high trading volumes in Emirati dirhams, received a regulatory license from the Central Bank of Bahrain, allowing it to operate as a broker-dealer under strict conditions. Despite the acquisition, BitOasis will maintain its independence and regulatory oversight. The move is expected to enhance user experience on both platforms with a wider range of products and trading options. CoinDCX's co-founder, Sumit Gupta, emphasized the platform's support for users amid regulatory changes, offering secure deposit routes and incentives for transitioning to compliant exchanges. This development reflects CoinDCX's commitment to providing a secure and regulated trading environment for cryptocurrency investors. Read more AI-generated news on: https://app.chaingpt.org/news

An internal investigation discovered that a former dissatisfied contractor was behind the hack of the blockchain tokenization platform Holograph. The hacker exploited the Holograph protocol to create 1 billion Holograph (HLG) tokens valued at $14.4 million. This led to an 80% drop in HGL token value within nine hours, plummeting from $0.014 to $0.0029. Holograph, with the help of blockchain investigation firm Halborn, identified the culprit as a disgruntled ex-contractor who minted $14 million of HLG tokens using a proxy wallet. The hacker then sold the tokens, crashing their price. Holograph plans to involve law enforcement and reduce the token supply to 10 billion. The platform has not disclosed plans for fund recovery or legal actions. Holograph has since implemented measures to prevent insider attacks, following a similar incident with Bittensor losing $8 million in digital assets due to wallet drains. Read more AI-generated news on: https://app.chaingpt.org/news

Amidst a storm of controversy, the Polkadot blockchain platform is under fire for alleged discrimination and toxicity within its community, alongside concerns about a looming funding crisis. Victor Ji, co-founder of Manta Network, criticized the lack of Asian representation at a Polkadot event in Hong Kong, highlighting issues of regional bias. Ji also raised concerns about the platform's responsiveness to developer organizations in developing countries, pledging personal funding to support those leaving the ecosystem. Accusations of toxicity and lack of support for builders have further strained relations, prompting Manta Network to shift focus to Ethereum solutions. With the network's Treasury facing financial challenges, the community is calling for transparency and fiscal responsibility. As Polkadot navigates these complex issues, the crypto community awaits its response while monitoring the platform's stability and market performance. Read more AI-generated news on: https://app.chaingpt.org/news

In the realm of digital monetization, Hydro stands out for its innovative business model and sophisticated technological framework. The platform utilizes cutting-edge blockchain technologies, such as the SUI blockchain and MOVE smart contract language, to ensure secure and efficient transactions. Hydro's frontend is built with React and TypeScript for a seamless user experience, while the backend leverages Golang, TypeScript, and JavaScript for performance. The platform also integrates AWS cloud services for scalability and Docker for containerization. To handle large volumes of user interactions, Hydro implements techniques like the Proof-of-Time model and distributed caching with Redis. Additionally, Hydro addresses blockchain challenges through innovative solutions like fractionalizing SUI and employing blockchain oracles. The platform's commitment to future scalability is evident in its integration of emerging technologies like Decentralized Physical Infrastructure Networks (DePIN). Hydro's technology stack is designed to lead the digital monetization industry through innovation and superior user engagement. Read more AI-generated news on: https://app.chaingpt.org/news

The Cardano Chang Hard Fork, though delayed, remains a significant development for ADA's price. Anticipation is high for a potential rally post-fork, possibly propelling ADA towards its previous peak of $3.1. Comparisons are drawn to the 2021 Alonzo Hard Fork rally, where ADA surged over 1,400%. The delay in the Chang Hard Fork's completion allows for market momentum to build. Speculation suggests ADA could surpass $1 and even reach $5.7, setting a new all-time high. The 2021 rally showcases the positive impact of hard forks on ADA's price. Despite the delay, optimism remains for a substantial price increase post-fork. Currently trading at $0.41, ADA's future trajectory post-Chang Hard Fork is eagerly awaited. Read more AI-generated news on: https://app.chaingpt.org/news

Galaxy Digital CEO Mike Novogratz predicts a favorable regulatory environment for cryptocurrencies in the US post the 2024 presidential election, emphasizing bipartisan support. Despite some opposition, most US politicians lean towards supporting crypto innovation. Novogratz anticipates positive legislation irrespective of the election winner, citing a shift towards a more favorable stance. He also discusses Bitcoin's market trends, expecting it to trade between $55,000 to $73,000. With Bitcoin currently at $62,000, Novogratz advocates for its inclusion in investment portfolios. The crypto market, valued at $2.3 trillion, sees Bitcoin dominance at 53.22%. Additionally, Galaxy has doubled its hashrate, and spot ETH ETFs may launch soon. Tether EDU and BTguru collaborate for blockchain education in Turkey. Climate activist Margot Paez praises Bitcoin as a sustainable financial system alternative. CryptoSlate's market report delves into LTHs and STHs' impact on the Bitcoin ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

The launch of rapper Sexyy Red's PRESI token saw the team quickly acquiring over 90% of the token's supply, sparking concerns of insider trading. Onchain investigator ZachXBT revealed addresses linked to team members who made significant token purchases. This isn't the first time, as a previous token by the rapper also had 82% of its supply bought by the team at launch. The sudden surge in PRESI's value, followed by a sharp decline, raised eyebrows, with suspicions of pump-and-dump tactics. Critics often criticize celebrity token launches as scams. Ethereum founder Vitalik Buterin outlined criteria for evaluating celebrity tokens' value to the crypto community. The incident highlights the risks associated with celebrity-backed tokens and the importance of transparency in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

American actress Sydney Sweeney's X account was recently hacked to promote a crypto token named after her, resulting in a pump-and-dump scheme. The Solana-based token SWEENEY quickly gained over $10 million in trading volume within hours of its launch, fueled by promotional posts from Sweeney's compromised account. The token's value plummeted by 90% shortly after, with the market cap dropping to $1.2 million. The hacker, linked to a Telegram channel, claimed responsibility for the breach and hinted at targeting more celebrities. This incident follows a trend of minor celebrities endorsing crypto tokens, with mixed results. Notable figures like Caitlyn Jenner and Floyd Mayweather have also been involved in promoting memecoins. Despite initial success, these tokens have experienced significant market cap fluctuations. The rise of celebrity-endorsed tokens poses risks, as seen in the case of Sweeney's hacked account promoting the SWEENEY token. Read more AI-generated news on: https://app.chaingpt.org/news

The Ethereum Foundation faced a phishing scam when its 'update' email account was hacked on June 23. The attackers sent out 35,794 scam emails using the official email address, targeting subscribers and others. Fortunately, no cryptocurrency was lost, but 81 subscribers' email addresses were exposed. The fake emails claimed a partnership with LidoDAO for staking Ether with high yields. Clicking on the malicious links could have drained users' wallets. The foundation took immediate action by blocking the attacker, securing the mailing list provider, and notifying relevant parties. Despite the breach, no new email addresses were obtained by the attacker. This incident highlights the risks of phishing in the crypto community, emphasizing the need for vigilance and security measures to protect users' funds. Read more AI-generated news on: https://app.chaingpt.org/news