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🔥🔥🔥 #Solana⁩ -To-Bitcoin Cross-Chain Bridge To Launch In Q3 2024 A cross-chain bridge from Solana to Bitcoin is set to launch in the third quarter of 2024, courtesy of the Zeus Network's Zeus Program Library (ZPL). In a Medium post on May 1, Zeus Network highlighted the potential of ZPL-assets to unlock various opportunities on Solana, including DeFi, GameFi, SocialFi, DePIN, and more. These assets will facilitate activities that were previously challenging on the Bitcoin #Blockchain . The Zeus Program comprises a series of Solana Virtual Machine (SVM) programs, enabling developers to seamlessly integrate native Solana support into decentralized applications. These programs power transactions across multiple blockchains, with ZPL assets taking the form of #cryptocurrencies or #NFTs . The project boasts backing from Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali. Moreover, the network emphasized the immense potential for value transfer, citing a market cap of approximately 1.2 trillion dollars and over 11,000 Runes generating over $135 million in fees within the first week on the Bitcoin blockchain. The Solana-Bitcoin bridge will enable users to deposit their Bitcoin and receive ZPL-wrapped zBTC tokens in return. These tokens can then be utilized for decentralized exchanges, NFT marketplaces, borrowing, lending, gaming, and SocialFi activities within the Solana ecosystem. Source - Watcher.Guru

🔥🔥🔥 #Solana⁩ -To-Bitcoin Cross-Chain Bridge To Launch In Q3 2024

A cross-chain bridge from Solana to Bitcoin is set to launch in the third quarter of 2024, courtesy of the Zeus Network's Zeus Program Library (ZPL).

In a Medium post on May 1, Zeus Network highlighted the potential of ZPL-assets to unlock various opportunities on Solana, including DeFi, GameFi, SocialFi, DePIN, and more. These assets will facilitate activities that were previously challenging on the Bitcoin #Blockchain .

The Zeus Program comprises a series of Solana Virtual Machine (SVM) programs, enabling developers to seamlessly integrate native Solana support into decentralized applications. These programs power transactions across multiple blockchains, with ZPL assets taking the form of #cryptocurrencies or #NFTs .

The project boasts backing from Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali. Moreover, the network emphasized the immense potential for value transfer, citing a market cap of approximately 1.2 trillion dollars and over 11,000 Runes generating over $135 million in fees within the first week on the Bitcoin blockchain.

The Solana-Bitcoin bridge will enable users to deposit their Bitcoin and receive ZPL-wrapped zBTC tokens in return. These tokens can then be utilized for decentralized exchanges, NFT marketplaces, borrowing, lending, gaming, and SocialFi activities within the Solana ecosystem.

Source - Watcher.Guru

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🔥🔥🔥 #Fantom Meme Season Campaign Launched To Attract New Users And Developers Fantom has launched the Fantom Meme Season campaign, aiming to attract new users and developers by showcasing its cutting-edge technology. The campaign, running from June 1 to June 30, offers a reward pool of 10 million sFTMx tokens, with the first round featuring 1 million tokens. The campaign focuses on #memecoins , defined as ERC-20 tokens emphasizing community and meme culture without monetary incentives or products. Prizes are awarded based on a point system, with the top three memecoins each round declared winners. Additionally, Fantom is transitioning from its Opera network to the new Sonic chain, offering higher throughput and #Ethereum connectivity via a custom #Layer2 bridge. This transition aims to enhance the network's capabilities and attract Ethereum assets while showcasing Fantom's technological advancements. #CryptoUpdates
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🚀🚀🚀 #Solana⁩ ($SOL ) Eyes a Strong Comeback: Will the #Rally Ignite a Surge? Solana (SOL) found support around $160 and is gradually climbing higher, potentially gaining bullish momentum upon surpassing the $172 resistance zone. After correcting lower, SOL tested the $160 support against the US Dollar and is now trading above $165 and the 100-hourly simple moving average. A bullish trend line breakout occurred near $164, indicating positive momentum. The immediate hurdle lies near $170, followed by significant resistance around $171. A successful breach above $172 could pave the way for further upside movement. The next major resistance is anticipated near $176, potentially leading to a push towards $180. On the downside, if SOL struggles to rally above $172, it might face downward pressure. Initial support lies at $167, followed by $165 and $160. A close below $160 could trigger a decline towards $150. Technical indicators show the hourly MACD losing pace in the bullish zone, while the hourly RSI is below the 50 level. - Key Support Levels: $165, $160 - Key Resistance Levels: $170, $172, $180 Source - newsbtc.com #CryptoTrends2024 #cryptocurrency #BinanceSquareTalks
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💥💥💥 Parabolic Rally In The Making? Bitcoin Regains $70,000 As Traders’ Paper Profits Collapse To 3% #Bitcoin's Consolidation and Bullish Outlook - Bitcoin (BTC) has recently consolidated between $67,000 and $70,000 after a brief correction in early May. This period coincides with renewed #ETF✅ inflows and reduced selling pressure. Reduced Selling Pressure and Market Sentiment - Julio Moreno of CryptoQuant notes that Bitcoin's current price level sees significantly lower selling pressure compared to previous peaks, indicating exhaustion of heavy selling. Santiment data shows Bitcoin's market cap surpassing $70 billion independently of the stock market, signaling positive market sentiment. Pre-Breakout Consolidation Phase - Rekt Capital observes Bitcoin's recent weekly candle closing below range high resistance, suggesting further consolidation within the $60,000 to $70,000 range. This aligns with the belief in two remaining phases of the bull cycle: re-accumulation and a parabolic rally. Anticipated Bullish Momentum - Historically, Bitcoin consolidates around all-time highs before significant bull runs. With the current consolidation at elevated levels, expectations are for a post-Halving rally to propel Bitcoin even higher than its mid-March peak of $73,700. Current Market Performance - Bitcoin has gained 2% in the past 24 hours and 10% in the past month, currently trading at $70,200. This positions Bitcoin at a critical stage in its bull cycle, with potential for a transition from consolidation to a parabolic surge. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareBTC #cryptocurrencry
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💥💥💥 When Will the SEC Approve Spot $ETH #ETF✅ Registration Statements? ETF Expert Predicts Timeline SEC Approves Eight Ethereum ETFs, Market Awaits Quick Listing - On May 23rd, the U.S. SEC approved eight 19b-4 application forms for Ether ETFs from firms like #BlackRock , Fidelity, and Grayscale, sparking speculation about their listing and trading timelines. Unlike the lengthy process for Bitcoin ETFs, experts predict a faster approval for Ether ETFs. Rapid Approval Expected for Ether ETFs - Bitcoin futures ETFs took over two years to be listed on major exchanges after approval. However, Nate Geraci, President of ETF Store, suggests the SEC has already done much of the necessary groundwork, potentially speeding up the Ether ETF approval process. Following the SEC’s January rule change facilitating ETH ETF listings, Geraci believes the ETFs could be listed within "2-3 months max." Speculations on Listing Date - Eric Balchunas, a senior Bloomberg ETF analyst, humorously speculated that the SEC might list ETH ETFs around July 4th, aligning with Independence Day celebrations. James Seyffart, another Bloomberg Intelligence expert, expects a similar or faster timeline for Ethereum ETFs compared to the three-month approval period for Bitcoin ETFs. Impact on Ethereum Price - Anticipation of Ethereum #ETFs has fueled bullish market sentiment, pushing Ethereum's price to $3,932, a 3.4% increase in 24 hours and a 35% rise over the past two weeks. Former President Donald Trump’s pro-crypto comments have also boosted market confidence. Source - coinpedia.org #CryptoTrends2024 #BinanceSquareTalks
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👉👉👉 South Korea Universities Face Banking Hurdles in Converting Crypto Donations to Cash South Korea Prohibits Universities from Converting Crypto Donations to Cash - South Korean financial authorities are barring universities from opening corporate accounts for #cryptocurrency transactions, preventing them from converting cryptocurrency donations into cash. Concerns Over Money Laundering - The local outlet Chosun Ilbo reported that financial authorities are worried that corporate accounts, which lack the individual verification associated with personal accounts, could facilitate money laundering. The Korean Financial Intelligence Unit (KoFIU) and the Ministry of Education are expected to maintain their stance against allowing universities to open such accounts. Universities Struggle with Crypto Donations - This prohibition follows requests from some universities seeking to open corporate accounts to convert substantial cryptocurrency donations they received into cash. A senior official explained that granting universities an exception would be unfair to other businesses and could significantly increase the risk of money laundering if extended to all corporations. Future Guidelines and Potential Solutions - Financial authorities, alongside the Ministry of Education, plan to advise universities against accepting cryptocurrency donations in the future. However, they may offer a solution for universities already holding such donations. Depending on the amount and other factors, a system might be established to convert these existing cryptocurrencies into cash, providing some relief to institutions struggling with previous donations. Ban on Cryptocurrency Donations - South Korea has recently banned cryptocurrency donations, affecting charities and their fundraising capabilities. This decision comes despite the growing popularity of Bitcoin ($BTC ) and other digital currencies in the country, underscoring the government's cautious approach to cryptocurrency-related activities. Source - cryptonews.com #CryptoTrends2024 #BinanceSquareTalks
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