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đŸ”ș Worldcoin Announces Launch of World Chain to Boost Efficiency Worldcoin, led by Sam Altman, is set to launch its new Layer-2 blockchain, World Chain, which aims to enhance transaction efficiency. This summer, Tools for Humanity, the main developer behind Worldcoin, will release the protocol built on the Ethereum network. World Chain aims to boost security and accessibility by prioritizing verified humans. It will allocate them priority block space and offer free gas, effectively reducing the influence of bots.  This integration ensures a seamless connection with the existing Worldcoin ecosystem, which focuses on authenticating human identity through iris scans, known as Orb verification. To date, this initiative has attracted over five million registrations. đŸ”ș Addressing Regulatory Challenges Additionally, the recent development addresses compliance and regulatory concerns across multiple jurisdictions. The introduction of Personal Custody and the Unverify World ID option reflects their commitment to user privacy, utilizing zero-knowledge proofs to protect personal data without compromising network integrity. This initiative marks a step in Worldcoin’s strategy to improve user experience and scalability, ensuring the platform remains a key player in the digital identity. $WLD #WLD #Worldcoin​

đŸ”ș Worldcoin Announces Launch of World Chain to Boost Efficiency


Worldcoin, led by Sam Altman, is set to launch its new Layer-2 blockchain, World Chain, which aims to enhance transaction efficiency. This summer, Tools for Humanity, the main developer behind Worldcoin, will release the protocol built on the Ethereum network.

World Chain aims to boost security and accessibility by prioritizing verified humans. It will allocate them priority block space and offer free gas, effectively reducing the influence of bots. 

This integration ensures a seamless connection with the existing Worldcoin ecosystem, which focuses on authenticating human identity through iris scans, known as Orb verification. To date, this initiative has attracted over five million registrations.

đŸ”ș Addressing Regulatory Challenges

Additionally, the recent development addresses compliance and regulatory concerns across multiple jurisdictions. The introduction of Personal Custody and the Unverify World ID option reflects their commitment to user privacy, utilizing zero-knowledge proofs to protect personal data without compromising network integrity.

This initiative marks a step in Worldcoin’s strategy to improve user experience and scalability, ensuring the platform remains a key player in the digital identity.

$WLD #WLD #Worldcoin​

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❓Ethereum Breaks $3,500 Barrier: Could It Reach $5,000 This Year? Ethereum’s analyst predicts a potential all-time high of $5,000 by year-end following its establishment of $3,500 as a solid support level.Despite a slight 0.33% decline in the past 24 hours, Ethereum has seen a significant 22.88% surge in trading volume.The imminent launch of spot Ethereum ETFs is anticipated to attract substantial institutional investment. Following Ethereum’s (ETH) achievement of establishing $3,500 as a stable support level, market analysts are now predicting even greater potential for the cryptocurrency.  An analyst has confidently forecasted that Ethereum could reach an unprecedented $5,000 by the year’s end. This optimistic outlook comes after recent price movements saw Ethereum maintaining its position above $3,500, a milestone emphasized in recent analyses.  💬 #ETH successfully turned $3,500 into support! Very few people are ready for this one to make new all-time highs, but $5,000 ETH is very much on the menu this year. Let's roll. — Jelle Presently trading at $3,540, Ethereum has seen a slight 0.33% decline in the past 24 hours, accompanied by a notable 22.88% increase in trading volume, reaching $12.88 billion. This surge indicates growing investor interest and potential momentum in the near term. Despite recent minor bearish trends, market sentiment remains positive. Analysts cite Ethereum’s ability to consolidate above $3,500 as a favorable technical signal, suggesting potential upward momentum ahead. A significant catalyst for Ethereum’s anticipated growth is the upcoming launch of spot Ethereum ETFs, which is expected to attract substantial institutional investment and bolster market confidence. However, Ethereum faces challenges on its path to $5,000. The cryptocurrency market’s inherent volatility and external factors like regulatory changes and economic conditions could impact its trajectory. $ETH #Ethereum
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📊 Bitcoin, Dogecoin, and Ethereum Volatility Drive $290 Million in Liquidations Volatility in the prices of Bitcoin, Ethereum, and Dogecoin today didn’t substantially affect most traders, as each of the three cryptocurrencies ended up roughly where they started by Monday evening. But price spikes along the way appear to have triggered a wave of crypto liquidations—over $290 million worth across the market. Ethereum led the pack, with about $58.9 million worth of liquidations triggered by ETH’s price movement in the last 24 hours, per data from CoinGlass. The majority of ETH-related positions liquidated on Monday were longs. While ETH only fell 2% overall on Monday, the token did briefly fall below $3,500. Though that dip was tiny (ETH only fell $12 below $3,500 at its lowest point today), and the token soon recovered, the crossing of that line may have triggered a wave of liquidations. Dogecoin experienced a similarly minor but significant drop today. The world’s top meme coin only briefly fell below $0.13 today, before recovering in a matter of minutes. But that dip appears to have triggered a massive wave of long position liquidations for the token. Over $44 million worth of DOGE long positions have been liquidated in the last 12 hours alone. 🔾 DOGE is down 3.6% on the day overall. Bitcoin, meanwhile, was crypto’s third-biggest target for liquidations today—with short positions constituting a thin majority of positions liquidated. In the last 24 hours, some $21 million worth of BTC short positions—and $19.86 million worth of long positions on the coin—have been liquidated. Though the price of the world’s top cryptocurrency has ended up, at writing, almost exactly even from where it stood a day ago, BTC briefly shot up past $67,000 on Monday afternoon, in an unfortunate development for those betting on the token’s downward trajectory. BTC now sits, at writing, at $66,376. $BTC $ETH $DOGE #BTC #ETH #DOGE
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👀 ZkSync (ZK) Drops 20% Amid Binance Listing And New Token Distribution Program ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the project’s announcement of its ZK token airdrop was met with backlash from investors and the crypto community. Following the backlash, crypto exchange Binance announced it would list ZK and offered a new distribution program to address users’ concerns. Since its launch, ZK has dropped over 20%. 🔾 ZkSync’s Airdrop Drama On June 11, ZK Nation announced the upcoming launch and airdrop of zkSync’s token. Over 3.6 billion ZK tokens could be claimed by 695,000 eligible addresses on Monday. However, the distribution left many long-term users discontent with the token allocation they received. Several investors expressed disappointment after receiving a lower allocation than users with less volume or transactions. Other customers shared that they were not eligible for the airdrop despite meeting the criteria. Similarly, various top-ranking projects built on zkSync announced they were forming a coalition after not being included in the airdrop. Element and zkApes revealed that they are not getting any tokens despite generating up to $20 million in gas fees for the network. The backlash intensified when users expressed concerns about the lack of anti-Synil filtering. The project stated in the airdrop announcement their decision not to use anti-Sybil criteria. ZkSync’s team explained it was considered an “incomplete approach.” Online reports claim that 80 million ZK tokens are going into the hands of 47,000 Sybil addresses. Over the weekend, ZK Nation addressed the criticism and users’ concerns. The team answered some of the most frequently asked questions, including the zkSync-built projects exclusion, user eligibility, and Sybil detection. $ZK #ZK #ZkSync
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📉 Here's Why Cryptocurrency Keeps Falling The outflow from cryptocurrency investment products from June 8 to June 14 amounted to 600 million, including $621 million based on Bitcoin. Such calculations were carried out in CoinShares. These figures are the highest since March 2024. đŸ‡ș🇾 The main reason for the outflows, analysts believe, is the change in the Fed’s sentiment regarding the forecasts for the key rate, which did not live up to expectations. đŸ”č In Ethereum-based funds, positive dynamics continued for the fourth week in a row, the pace slowed from the maximum since March of $68.9 million to $13.1 million. The main catalyst for growth remains the upcoming launch of the Ethereum ETF. đŸ”œ Probably at the moment, the cryptocurrency is declining due to the continued withdrawal of funds from the crypto market from funds, as well as due to the lack of positive catalysts. $BTC $ETH #BTC #ETH #Crypto
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📉 BONK meme coin drops 40%, hitting monthly low as investor sentiment turns bearish. A lack of faith in the future of BONK, a meme coin, has been indicated by the fact that its price has dropped by over 40% this month. The change in emotion is reflected in the financing rate, which reveals an increase in short positions, which gives the impression that negative expectations are present. Contrarian investors believe that this negativity presents an opportunity, as they believe that increased fear and panic selling could result in a temporary bounce in the price of BONK. The analysts at Santiment have observed that panic selling spikes typically occur after a decrease, which may present a potential opportunity for small traders to make a purchase in the midst of widespread anxiety and uncertainty. In order to make a comeback, BONK must first break over the resistance level of $0.00002748, which will bring the price closer to $0.00003000. There is a possibility that it will fall below $0.00002000 if it is unable to maintain the support at $0.00002153. It is important for investors to exercise caution and strategic thinking in the current market environment. They should keep a close eye on the funding rate and sentiment indicators in order to anticipate probable market changes. The recent drop in the value of BONK exemplifies the unpredictable nature of meme coins and emphasizes the importance of investors remaining watchful and well-informed. $BONK #BONK #meme
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