Penguiana, the up and coming meme coin on the Solana blockchain, is thrilled to announce the launch of its presale for the $PENGU tokens.
The presale is scheduled to begin on Friday, May 3rd, 2024, this event marks an opportunity for Solana cryptocurrency enthusiasts and investors looking to be part of a novel and engaging play-to-earn ecosystem.
A New Era in Meme Coin Utility
Penguiana has been crafted with the vision of transcending the traditional meme coin market by integrating unique gameplay elements with blockchain technology and to that effect the team is working on a Penguin themed play to earn mobile game.
The upcoming Penguiana game, set within a charming penguin-themed world, aims to offer players not only entertainment but also opportunities for earning through gameplay.
The $PENGU token is at the core of this ecosystem, designed to be used within the game for various utilities such as minting exclusive NFTs, purchasing in-game items, and participating in special game events.
$PENGU Presale Details
The presale event allows early birds to acquire $PENGU tokens before they are listed on exchanges.
Here’s what potential investors need to know:
Presale Start Date: Friday, May 3rd, 2024
Token Allocation: 60% of the total $PENGU supply will be available during the presale
Investment Limits: Minimum of 0.5 SOL and maximum of 100 SOL per investor
Presale Platform: Participants can join the presale by visiting https://penguiana.com/
Strategic Use of Funds
Funds raised from the presale will be strategically used to further develop the Penguiana platform and its play-to-earn game. According to the team, 25% of the raised funds will be allocated towards enhancing liquidity and expanding marketing efforts to increase user adoption and community engagement
CARV, the largest modular data layer for gaming and AI, and Aethir, a global leader in distributed GPU computing, today announced a partnership to unlock opportunities driven by the merge of “User-Owned Data + Decentralized”, starting with gaming and AI.
CARV is building a modular data layer that safeguards privacy while ensuring users benefit from the value created from their data. Aethir provides a powerful decentralized infrastructure that pools and redistributes idle GPU processing power. By combining CARV’s data layer with Aethir’s distributed GPU computing capabilities, the partnership will enable cutting-edge gaming and AI applications that require immense computing resources while prioritizing data privacy and user incentives.
Three core synergies are driving the collaboration between CARV and Aethir:
Seamless Game Discovery (NASDAQ:WBD) on CARV Play: CARV Play is the go-to gamer’s achievement, social and game distribution platform, hosting 750+ web2 & web3 games and 2.5M gamers. CARV will embed Aethir cloud gaming tech into its modular layer. This allows CARV’s 2.5 million users to stream and play games without downloading large files. Gamers now will be able to easily discover and test games reducing friction and user acquisition costs.
Decentralizing CARV’s Infrastructure via Verifier Nodes: On the heels of CARV’s recent $10M series A fundraise featured in Techcrunch, CARV is further decentralizing its modular data layer to meet the scaling demand with the launch of verifier nodes. Verifier nodes check TEE nodes’ attestations on-chain, ensuring that individuals share the value created when their data is being used in a privacy-preserving way. Aethir’s GPUs include the trusted execution environment (TEE) capabilities CARV needs for privacy-preserving computation. CARV delves into how nodes can catalyze CARV from 1x to 100x here, with additional information on CARV’s node sale on CoinTelegraph here.
$SNUKE, a new meme coin inspired by the humor of the popular TV show "South Park" and based on the Solana blockchain, has recently achieved significant milestones in its presale. These achievements underscore its potential among the array of Solana-based meme coins poised for success.
Users can join The $SNUKE Coin Presale here.
Early Success in the $SNUKE Presale
SNUKE ($SNUKE), a meme coin with a vibrant community backing, has raised over 300 $SOL in the first four days of its 25 day token presale.
The $SNUKE Presale has a total allocation of 600 Million $SNUKE Tokens for early Presale participants.
According to the SNUKE team, the initial progress with both retail investors and prominent Solana stakeholders highlights interest in their community focused approach and transparent fundraising model.
$SNUKE is setting a new standard for fairness in the crypto space with no insider allocation. SNUKE's team is optimistic that the presale, which commenced on April 25th, will encourage widespread participation by offering every early adopter an opportunity to secure tokens.
$SNUKE Presale: Early Access to 60% of Tokens and Zero Transaction Tax
The $SNUKE Presale allocates 60% of its total supply of 1 Billion #SNUKE Tokens to early adopters. The $SNUKE Token offers a commitment of 0% tax on transactions, with liquidity pool (LP) tokens burnt to ensure security, and the minting function permanently disabled to prevent the creation of new tokens
How to Participate in the $SNUKE Presale
To participate in the $SNUKE Presale, users can follow these simple steps:
Real World Assets (RWAs) became the 8th biggest sector in DeFi with up to $6.08 billion trading value locked, as reported by DeFiLlama. Real World Assets projects bring any off-chain financial assets on-chain. These assets can be anything from Real Estate to Credit, T-bills, Green Bonds, and even commodities like Whisky!
This transformation allows for seamless trading, enhanced liquidity, and improved transparency, making these physical assets with intrinsic value easily accessible and tradable in digital marketplaces.
Introducing the Next Big RWA tokenization project on Solana:
With Solana currently holding 0.0092% share out of the total $6.08 billion RWA total value, and no whisky RWA project contributing to this figure, DIGICASK is set to enter the scene and revolutionize the market. DIGICASK has the vision to democratize access to exclusive assets, introducing an era of tokenized whisky investments.
The global whisky market boasts an impressive estimated worth of $75 billion, dwarfing the total value of Real World Assets (RWA) on the Blockchain, as reported by DeFiLlama.
The traditional process of whisky investments which involves acquiring and managing entire whisky casks demands substantial financial commitments, effectively excluding all but a select few from participation, leaving sincere whisky enthusiasts on the sidelines.
DigiCask provides a platform for purchasing whisky casks from verified distillers while saving them the stress of transportation, storage and even insurance. DigiCask fractionalizes and tokenizes whole casks into smaller fractions to reduce the financial entry barrier. This allows users to diversify their portfolios by distributing their investments across various casks through fractional ownership. Each cask possesses its own level of rarity, determined by factors such as unique properties, availability, maturity, and flavor profile. This rarity makes certain casks highly sought after by investors who recognize the profit potential.
Humanode, a Layer-1 blockchain built with Polkadot SDK, has become the most decentralized blockchain network to date based on the Nakamoto Coefficient. With 706 active validator nodes, the Nakamoto Coefficient for the Humanode is 236, shooting past the prior number one, Mina, which has a Nakamoto Coefficient of 155. Polkadot now holds the 3rd place.
The Nakamoto Coefficient is a measure that represents how many node operators will be required to control the share of a layer-1 blockchain which is enough to shut down the network if validators coordinate to do so. The greater the number, the more decentralized the blockchain is.
“Proof-of-Stake blockchains tend to centralize around the biggest validators or staking protocols, like Lido, which actually hold the infrastructure. If Lido goes down once, people will start questioning the decentralization of Proof-of-Stake networks. They may have millions of nodes, but the real control over consensus is in the hands of few. We always wanted to change this," says Humanode co-founder Victor. “In Humanode, one person can only launch one node, which is verified with cryptobiometric technology. All validators wield equal power, meaning that the Humanode chain decentralization increases proportionally to the number of human nodes. Imagine what kind of Nakamoto Coefficient will be achieved when we hit 10,000 nodes or 1 million nodes!? This makes a coordinated attack almost impossible. No project will be able to claim that it is more decentralized than Humanode.”
Humanode will soon unveil its governance protocol where one human node has only one vote, creating the first democratic DAO which will control the further development of the core protocol and its ecosystem.
ABUJA (Reuters) - A Nigerian court on Thursday adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to May 17 after a lawyer for the exchange said he had not been served with documents needed to prepare for the case.
Binance and its executives Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and British-Kenyan Nadeem Anjarwalla, a regional manager for Africa, have been charged with laundering more than $35 million and engaging in specialised financial activities without a licence.
They have all pleaded not guilty.
On Thursday, Binance's lawyer complained in court that he had not been served with the additional proof of evidence that he would have used to prepare for the case and commence trial.
He was subsequently served in court and the judge adjourned to allow him to scrutinise the more than 300-page document ahead of May 17.
In addition to the money laundering case by Nigeria's anti-graft agency the Economic and Financial Crimes Commission (EFCC), Binance and its executives also face four counts to tax evasion in a separate trial that will resume on May 17.
Zoetis Inc . (NYSE:ZTS) reported a solid start to the year with first-quarter earnings and revenue that surpassed Wall Street's expectations, prompting a 4% surge in its stock price.
The company, a global leader in animal health, announced an adjusted diluted EPS of $1.38 for the first quarter of 2024, exceeding the analyst consensus by $0.03. Revenue also beat expectations, coming in at $2.2 billion against a forecasted $2.15 billion.
The company's revenue represented a 10% increase from the same quarter last year, with operational growth reaching 12%. Adjusted net income saw a 15% operational increase, reflecting robust financial health. Zoetis credited its performance to a 16% revenue growth in the U.S. and an 8% operational increase internationally.
The companion animal portfolio, which grew by an impressive 20% operationally, was particularly highlighted for its contribution, driven by strong sales in pet parasiticides, osteoarthritis pain, and dermatology products.
CEO Kristin Peck expressed pride in the company's first-quarter achievements, attributing the success to Zoetis' diverse portfolio and innovation in the animal health market. "We achieved 16% revenue growth in the U.S. and 8% operational revenue growth internationally," Peck stated, emphasizing the company's commitment to investing in future growth.
Looking forward, Zoetis has updated its full-year 2024 guidance, now expecting revenue to be between $9.050 billion and $9.200 billion, with an adjusted EPS forecast of $5.71 to $5.81. This guidance places the midpoint of the EPS range slightly below the consensus estimate of $5.78, while the revenue guidance brackets the consensus of $9.157 billion.
Dive into the future with HPChain, the trailblazer in GPU rental services. As a leading provider in the industry, HPChain is dedicated to deliver unparalleled performance at a minimal cost to support the growth of digital creation in Gaming and AI, while empowering the community to participate and potentially profit from these technological advancements.
Beyond merely offering Cloud GPU services, the HPChain ecosystem aims to foster an environment where minds converge and share in the wealth of resources available through the “Mine-Share-as-a-Service” model that is made decentralized by the “Proof of Compute” consensus algorithm.
HPChain’s “Mine-Share-as-a-Service”
"Mine-Share as a Service" is a term coined by HPChain which epitomizes their vision for the Web3 GPU DePIN ecosystem. It embodies the core ethos of the ecosystem - a collective endeavor where resources, from GPU power to intellectual capital, are shared for the benefit of all.
From the profound insights of professional experts, like AI datasets and algorithms to the rich intellectual property of gaming studios, the active engagement of the general community and keen individuals, everyone in the HPChain ecosystem can contribute value to drive adoption forward. This is how it reflects through the business flywheel -
Proof of Compute
"Proof of Compute" is the methodology for quantifying and validating the GPU power contributed and used within the HPChain ecosystem. As the foundational pillar of the HPChain network, it establishes a standardized framework for assessing the computational capabilities provided by GPUs. Through this verification method, the potency and reliability of GPU resources are accurately measured, ensuring transparency and efficiency in resource allocation.
Bitcoin broke down from the crucial $60,000 threshold, a development that has caused a stir among investors and market analysts alike. This breakdown potentially signals the end of the ongoing bull run.
Fear intensifies as the 100-day Exponential Moving Average is on the verge of falling. If this level breaks, it could signify the end of the bullish trend that has propelled Bitcoin to its recent highs. Such a shift would not just be a setback; it would mark a fundamental reversal in market sentiment.
BTC/USD Chart by TradingViewFurther fueling concerns is the noticeable increase in trading volume, which suggests a rise in selling pressure. This heightened activity indicates that more traders are moving to offload their holdings, anticipating lower prices ahead, or trying to cut their losses, which adds to the downward pressure on Bitcoin.
Bitcoin's immediate support can be seen around the $50,000 mark, represented by the 200-day moving average. This level is critical; if it holds, it might provide a temporary relief or even a base for a potential recovery. However, if this support breaks, the next key level would be around $48,000.
On the resistance side, Bitcoin faces an uphill battle. The $60,000 threshold, once a support level, now turns into a significant resistance. Overcoming this will be crucial for Bitcoin to regain its upward momentum and reassure investors of its strength.
XRP copes with losses
Ethereum
Despite the general market downturn, XRP has managed to hold above the critical support level at $0.49. This stability is significant, as maintaining above this support level helps prevent further bearish momentum that could lead to steeper declines.
Aave Labs, the firm behind the decentralized finance (DeFi) lending protocol Aave has outlined a proposal for an upgrade and evolution of its protocol as part of a five-year roadmap.
On May 1, the DeFi lending platform introduced a governance proposal to get community feedback on upgrading the protocol to its next-generation version 4.
Proposed Unified Liquidity Layer infrastructure for liquidity providing. Source: Aave
Bitcoin broke down from the crucial $60,000 threshold, a development that has caused a stir among investors and market analysts alike. This breakdown potentially signals the end of the ongoing bull run.
Fear intensifies as the 100-day Exponential Moving Average is on the verge of falling. If this level breaks, it could signify the end of the bullish trend that has propelled Bitcoin to its recent highs. Such a shift would not just be a setback; it would mark a fundamental reversal in market sentiment.
BTC/USD Chart by TradingViewFurther fueling concerns is the noticeable increase in trading volume, which suggests a rise in selling pressure. This heightened activity indicates that more traders are moving to offload their holdings, anticipating lower prices ahead, or trying to cut their losses, which adds to the downward pressure on Bitcoin.
Bitcoin's immediate support can be seen around the $50,000 mark, represented by the 200-day moving average. This level is critical; if it holds, it might provide a temporary relief or even a base for a potential recovery. However, if this support breaks, the next key level would be around $48,000.
On the resistance side, Bitcoin faces an uphill battle. The $60,000 threshold, once a support level, now turns into a significant resistance. Overcoming this will be crucial for Bitcoin to regain its upward momentum and reassure investors of its strength.
XRP copes with losses
Ethereum
Despite the general market downturn, XRP has managed to hold above the critical support level at $0.49. This stability is significant, as maintaining above this support level helps prevent further bearish momentum that could lead to steeper declines.
United States federal prosecutors are reportedly probing Jack Dorsey’s fintech company Block, Inc. after a whistleblower surfaced documents alleging ongoing and widespread compliance violations at the firm’s payment arms Square and Cash App.
A former Block employee provided prosecutors from the Southern District of New York with documents allegedly showing that Square and Cash App processed thousands of transactions for users in countries subject to economic sanctions as well as crypto transactions for terrorist groups, NBC News reported on May 1
MicroStrategy, the largest corporate holder of Bitcoin (BTC), has announced it will launch a decentralized identity solution on the Bitcoin network that uses Ordinal-based inscriptions to store and retrieve information.
The solution, MicroStrategy Orange, was unveiled by executive chairman Michael Saylor during the company’s Bitcoin For Corporations conference on May 1.
Michael Saylor speaking at the Bitcoin For Corporations conference. Source: YouTubeFlow diagram of how MicroStrategy’s Orange For Outlook application works. Source: MicroStrategy
Bitcoin (BTC) mining firm Riot Platforms (NASDAQ:RIOT) reported a $211.8 million net income for Q1 2024 — a company record and a 1,000% increase from the same time last year — but missed analyst revenue estimates.
Riot’s first quarter results released May 1 show minin revenue spiked 55.4% year-on-year to $74.6 million, primarily driven by a 131% increase in Bitcoin’s price.
Riot’s unaudited financial statement for Q1 2024. Source: Riot PlatformsChange in Riot’s hash rate bi-annually by facility. Source: Riot Platforms
MAS-regulated custodian Propine is announcing its support for Fathom Dollar's FXD, a stablecoin pegged to the US dollar and designed to bridge the $5 trillion trade finance gap. This development positions FXD at the forefront of real-world assets (RWA), leveraging the power of blockchain to enhance global trade finance operations. Propine, licensed by the Monetary Authority of Singapore, is a prominent digital asset custodian serving large institutional clients.
FXD is a stable-price cryptocurrency over-collateralised by the XDC network token and RWA, including trade finance assets. It has emerged as a use case-driven solution amidst growing concerns over the trade finance gap. It has been a significant barrier to global trade, particularly affecting small and medium-sized enterprises (SMEs).
By offering a stable and reliable transaction medium and store of value, FXD aims to facilitate essential functions in a $30 trillion global trade finance market. This includes cross-border transactions, borrowing against receivables, and generally turning trade finance into an alternative investment class for non-banks.
Tuhina, Propine's Founder and CEO, said, "Propine is dedicated to facilitating swift and secure adoption of digital assets and cryptocurrencies by institutional investors and regulated businesses. To this end, we have adopted compliance and security standards that serve as industry benchmarks. As the industry continues to expand, we see significant potential to further serve as a trusted partner for organizations seeking to enter the space seamlessly and securely."
Manuel Rensink from Fathom: "Propine offers world-class services, and their battle-tested custody has been our choice. Despite all the shockwaves that enveloped the industry, Propine has been resilient because of its governance and internal controls & systems. They have consistently led innovation in the digital asset custody space and raised the bar. Propine's support for FXD is a game-changer, providing a seamless ramp on/off service between digital assets and fiat currencies.
The price of Bitcoin (BTC) has been retreating from its record high of around $73,800 for over a month, and its performance on May 1 is no different.
BTC's price declined by over 7% intraday to around $56,550, its lowest level since February. The cryptocurrency has now declined approximately 23.40% from its record high, signaling a potential shift in market sentiment as more traders begin to lock in profits, possibly in anticipation of a bearish reversal.
Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license to operate there, following a spate of refusals earlier this year.
The Oregon Division of Financial Regulation announced on April 30 that it had revoked Binance.US’s license, as a result of which it is prohibited from accepting money for transmission or holding or selling fiat or crypto for Oregon consumers. The division explained in a statement:
Bitcoin’s price is down around 21% from its all-time high. But while this remains in line with previous bull market corrections, Bitcoin could still fall to the $50,000 mark in the near term, based on historic patterns.
Bitcoin (BTC) price fell over 12% on the weekly chart to $57,780 as of 1:10 p.m. in UTC, which is 21.6% lower thatn its all-time high of $73,750, reached on March 14, according to CoinMarketCap data.