Palo Alto, CA, September 12th, 2024, Chainwire

Super Champs Chain will Accelerate Growth with New Games from Builders; Super Champs already the Top Gaming Ecosystem on Base with Two Live Games and More to Come

The Super Champs Protocol Foundation is excited to announce the launch of the Super Champs Chain – a cutting edge gaming optimized L3 that rolls up to the Base blockchain from Coinbase. Built on the web3 game publishing platform and protocol from Joyride Games, the Chain also includes the BuilderKit, a development, growth, and live operations suite for mobile studios. The Super Champs Chain represents the next step in the Foundation’s vision to build a games franchise powered by web3 community, proprietary IP, and mobile game tooling.

Super Champs is an anime-inspired universe where superhero athletes use their powers to compete across multiple action sports. Super Champs already has two popular mobile games built by Joyride Games, Racket Rampage and Bullet League, and a Super Champs HQ web-based questing experience tailored for cryptonatives. Since launching in June, Super Champs has become the top games ecosystem on the Base blockchain with 5MM+ total game installs, 125k+ onchain daily active users, 700k+ onchain monthly active users, 250k+ X followers, and 650k+ YouTube and TikTok subscribers. These blockchain games currently represent ~10% of all daily users on Base, and migration to the L3 will make it a Top 5 gaming blockchain with current activity alone. 

“The Super Champs ecosystem has seen dramatic growth already, and it is poised to grow further with the upcoming launch of the $CHAMP token. We aim to build the first scaled web3 gaming franchise, immersing the community in multiple mobile games and a deep story-based universe,” said Vivek Nallavelli, Director of the Super Champs Protocol Foundation. “Our next mission is to empower Builders to bring new, high quality game experiences set in the Super Champs Universe to our engaged community.”

The Super Champs L3 Chain on Base is built on Joyride’s game publishing platform and protocol for web3 mobile games. The Chain uses the Arbitrum rollup stack to achieve rapid and low-cost transaction processing and a gas-free experience for consumers, making it an attractive solution for studios to create immersive game experiences for players. This architecture offloads complex computations from Base, scaling horizontally as part of Joyride’s omnichain network to handle increasing load while inheriting the security guarantees of the Ethereum blockchain. The BuilderKit complements this blockchain infrastructure by offering studios building games cutting-edge mobile-optimized tools to build, grow, and manage their games. 

“It’s amazing to see Super Champs generating such excitement for its games and animated series on TikTok and YouTube,” said Omar Siddiqui, Founder & CEO of Joyride Games. “As the first mobile games ecosystem built on our publishing platform and protocol, we can’t wait to see every studio building a Super Champs game accelerate its growth with access to world-class infrastructure. Our long term vision has always been for Super Champs to introduce a new web3 paradigm for game franchises, and it’s thrilling to see it come to life.”

With the announcement of the Chain and BuilderKit, Super Champs is evaluating ideas for new games from Builders who want to take advantage of its novel IP and thriving community to build new games. 

“We’re still in the nascent stages of understanding the true potential of web3 gaming, and there’s no other web3 native mobile game IP that has already generated early momentum like Super Champs,” said Scott Rupp, Founding General Partner at BITKRAFT Ventures. “Today’s announcement makes it easier than ever for game developers to build in the robust Super Champs ecosystem, taking us another step closer to decentralization and bringing web3 experiences to the mainstream.”

About the Super Champs Protocol Foundation

The Super Champs Protocol Foundation supports the growth of Super Champs, an anime-inspired web3 franchise powered by community, proprietary IP, and a suite of mobile game tooling for development, growth, and live operations.

The Foundation is backed by top investors and web3 ecosystem participants such as Coinbase Ventures, Animoca, SuperLayer, and leading industry figures such as Gabby Dizon of YGG, EllioTrades of SuperVerse, and Giulio Xiloyannis of MON Protocol.

The Super Champs franchise is now the top game ecosystem on Base, with two live game experiences and a cryptonative web experience attracting 125k+ onchain DAUs, 700k+ onchain MAUs, and animated storytelling content with 650K+ subscribers and 10MM+ views across TikTok and YouTube.

About Joyride Games

Joyride Games is a games and infrastructure company supporting the development of web3 game ecosystems to build next generation franchises. Led by veteran game developers from Disney, Electronic Arts, and Zynga, Joyride has built onchain mobile games, infrastructure, and protocol that have onboarded 10MM+ players to web3. Super Champs is its most recent ecosystem project, and it has partnered with the Super Champs Foundation for its launch. 

Backed by leading blockchain and game investors such as BITKRAFT, Solana Ventures, Dapper Labs, OKX Ventures, KuCoin Ventures, and OpenSea, Joyride has raised $30MM to execute on its vision of player-owned franchises.

Joyride’s web3 game publishing platform and protocol is optimized for mobile games. It includes an omnichain network to support multiple game ecosystems and builder tools encompassing web3 and web2 to develop, operate, and grow high quality mobile games. 

Contact

Media Contact
Andrew Wong
fortyseven communications
wong@fortyseven.com

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The cryptocurrency market is excitedly buzzing as Dogecoin (DOGE) shows signs of a potentially explosive bull run. The recent breakout above critical moving averages has ignited investor interest, suggesting substantial returns ahead. 

Amid DOGE’s bullish signal, a new Ethereum token, RCO Finance (RCOF), is drawing comparisons. Its presale performance suggests even more impressive gains.

Dogecoin (DOGE) on the Verge of a Bull Run After Breakout

Dogecoin (DOGE) price has surged to $0.1040, breaking key resistance levels, and is currently hovering around the $0.11-$0.12 range. It has surpassed its 50-day and 100-day moving averages and is now poised to test its 200-day EMA at approximately $0.1156. 

This surge is backed by increased trading volume and favorable signals from technical indicators, including the RSI, which currently hovers around 53, indicating healthy bullish momentum. 

If DOGE maintains its position above these levels, it may continue its upward trajectory, potentially pushing toward the next resistance range at $0.12-$0.13. 

The strong institutional and retail interest, alongside whale activity signaling potential repositioning for gains, adds to the optimism surrounding DOGE. 

However, should the momentum falter, there is a risk of a pullback to around $0.09.

This Ethereum Token is Expected to Follow in Dogecoin’s Steps

As Dogecoin (DOGE) makes headlines with its impressive breakout, RCO Finance (RCOF), a relatively new Ethereum token, is positioning itself to follow a similar path. 

RCOF, currently in its second presale stage, has already seen a substantial 169% surge from its initial price, which is now $0.0344. This growth reflects the strong potential for further gains, with the next presale stage anticipated to push the token’s price to $0.05588. 

Projections indicate that RCOF could achieve an over 1,644% rise through the remaining presale stages, reaching an expected listing price of between $0.4 and $0.6. 

This impressive potential makes RCOF a noteworthy candidate for investors looking to capitalize on significant returns from crypto projects that offer real-world use cases compared to meme coins.

Dogecoin (DOGE) vs RCO Finance (RCOF): Which is the Best Buy at the Moment?

The choice may depend on individual investment goals and risk appetite when comparing Dogecoin (DOGE) with RCO Finance (RCOF). 

DOGE’s recent bullish performance suggests potential for continued growth, but RCO Finance (RCOF) presents a compelling case with its innovative approach. 

RCO Finance (RCOF) is not just another token; its native platform, set to launch soon, is a revolutionary AI-powered trading platform that aims to transform financial market trading by leveraging blockchain technology, advanced artificial intelligence (AI), and machine learning (ML).

Contrary to Dogecoin, which has limited real-world use cases, the RCO Finance platform aims to address several issues inherent in traditional trading platforms. 

The RCO Finance platform simplifies the complex process of converting between cryptocurrencies and fiat currencies by offering direct ownership of traditional assets such as shares and bonds using cryptocurrencies. 

This approach not only saves on transaction fees but also broadens investment opportunities globally, overcoming geographical constraints.

Another standout feature of RCO Finance is its AI-powered robo-advisor that will offer personalized investment strategies based on real-time data, eliminating emotional trading and human error. 

The robo advisor provides tailored investment advice and optimizes portfolio management, a significant advancement over traditional investment methods that often need faster, error-prone analysis. 

It makes investing in the financial market easy for both experienced and inexperienced investors since they don’t have to analyze the markets themselves manually.

Additionally, RCO Finance’s platform, built on a decentralized model with audited smart contracts, ensures enhanced security and operational transparency.

Once it officially launches, RCO Finance will enable users to trade up to 120,000 assets, participate in staking, borrowing, and lending, and invest directly in real-world assets using cryptocurrencies. 

While Dogecoin (DOGE) shows promising signs of a major price rally, RCO Finance (RCOF) offers an equally compelling opportunity with its groundbreaking approach to trading and investment. 

RCOF’s potential for massive returns, coupled with its advanced AI and blockchain integration, makes it a worthy consideration for investors seeking to capitalize on the latest developments in the cryptocurrency market.

For more information about the RCO Finance 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.

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FUNToken is a GameFi ecosystem that has experienced multiple periods of extreme volatility since its launch. Now up by more than 8% in the last seven days, the project has introduced numerous new perks and a new look to entice gamers. 

Can it keep up the current momentum and climb further?

What is FUNToken?

The official website describes the FUNToken project as a decentralized gaming ecosystem designed to create a series of “seamless, secure, and fair gaming experiences.” The project’s native crypto—FUN—has already been trading on multiple cryptocurrency exchanges and has gathered a large following on Twitter and other social media platforms. 

The project is essentially a decentralized gaming hub that allows developers to create and monetize their games. According to the website, the ecosystem specializes in offering fast and secure in-game transactions while establishing a robust community for developers to interact with each other. 

The seed fund is the most notable addition to the project. It invites developers to engage with this decentralized gaming ecosystem and create dApps. Winners will receive 20 million FUN tokens. 

For 2024, the project has created an entire roadmap and has overhauled the website’s look. Multiple developments have been planned, including a Telegram Engagement Game, Creator Academy, Casual NFT Games, FunHub Storefront, and more. 

FUNToken Price History 

FUN first entered the market in 2017 and quickly gained traction due to the bull run that year. As a result, it reached its all-time high of $0.1768 before correcting. 

The token’s correction was drastic, dropping its value around the $0.003 mark. FUN traded sideways around this level over three years before the 2021 bull pushed its price again. 

However, the second bull run couldn’t increase the token’s value beyond the $0.005 mark, and since then, it has traded between the $0.003 and $0.0035 levels. 

In the last seven days, the token’s value has increased slightly, surged by more than 8% to reach around $0.0033, and now has a market capitalization of more than $36 million.

FUNToken Price Prediction

Since the beginning of August 2024, FUNToken has been volatile. Since August 5th, 2024, the FUN price has increased by more than 25%.

This surge is likely due to the current market dynamics and the roadmap reveal. The recent lottery has also contributed to pushing the value of this gaming crypto up.

The FUNToken Lottery, powered by @FunHubGames, is now LIVE!

Don’t miss out—grab one of the 30 tickets for just $10 and compete for a share of the $300 prize pool!

1st Place: $150
2nd Place: $100
3rd Place: $50

Get your ticket NOW: https://t.co/xw3U5plL9y before… pic.twitter.com/JtiUysJTp4

— FUNToken (@FUNtoken_io) September 9, 2024

Based on the current factors, we can give a short and long-term price prediction for the token. 

Short-Term Price Prediction

In the short term, the FUN token can experience a marginal price increase, given that the MACD indicator shows the lines moving upwards towards the green. However, to reach the highest value it achieved in 2024, it has to increase by 265%, which can be difficult since the buzz around this asset is still sparse. 

Our conservative estimate is that if the project continues to promote its social media perks, it could cross the $0.006 resistance (0.618 fibs).

Long-Term Price Prediction

2025 will mark a year after Bitcoin Halving, and crypto personalities such as Arthur Hayes have predicted that the BTC price could surge to $100k that year. 

If that happens, the meme coin ecosystem will experience an exponential increase, making it possible for FUNToken to test its previous highs. Under the right market conditions and provided that FUNToken does bring new games to its ecosystem, the token can cross the $0.1 mark by Q2 2025. 

Memebet Token – Another High-Potential Gaming Token

Those looking to further diversify their investments should also consider picking gaming cryptos that are available as presales. One of the high-potential tokens on the market right now is Memebet Token. 

Powering the world’s first meme coin-exclusive crypto casino, Memebet Token has been described in its official whitepaper as degen’s delight. 

The casino in development will only accept wagers in meme coins, fueling the randomness of casino game outcomes with the volatility of the crypto asset. 

Multiple games, including global sports betting opportunities, have been planned for the ecosystem. Furthermore, the platform is trying to establish a foothold on Telegram, giving users the advantage of playing on a no-KYC gaming site. 

Available on presale, Memebet Token raised more than $200k within days of its launch. The token is currently available at a discount price of $0.0251. 

The token has already been covered by influencers like Cryptonews, who have discussed its 100x potential. 

Its unique premise and meme coin-specific utility could also give it an explosive start after the presale concludes. With its gaming perks, this project may have long-term value. 

Visit Memebet Token Website

Telegram

Twitter

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

A wallet connected to FTX has unlocked 177,693 Solana (SOL) tokens, raising concerns about a possible sell off. However, the stability of Solana’s price and the growth of its ecosystem indicate a more complex situation.

Let’s see all the details below. 

FTX wallet unlocks 177,693 Solana (SOL) tokens: signs of a bull or bear market?

The recent move by a wallet linked to FTX, which unlocked a considerable amount of Solana (SOL) tokens, has attracted the attention of investors and sparked debates on the possible impact of this action on the market. 

The wallet has indeed unlocked 177,693 SOL tokens, with an estimated value of approximately 23.75 million dollars, raising concerns about a potential imminent sell off. 

However, despite these speculations, Solana has maintained a surprising price stability, reinforcing the idea that the Solana ecosystem is in a phase of expansion and maturity.

The action of unstaking by a wallet linked to FTX and Alameda Research was reported on September 12 by PeckShield, a blockchain security company.

The news immediately attracted the attention of the market, as large cryptocurrency transactions can often signal significant market changes. 

The unlocked amount of 177,693 SOL, while representing a significant figure, is only a fraction of the total holdings of the portfolio linked to FTX.

This has given rise to hypotheses about a potential selloff, a common concern in situations of unstaking large quantities of tokens. 

However, it is important to consider that unstaking does not necessarily imply an immediate sale. 

The token holders can indeed decide to reuse or redistribute their holdings without selling, which could mitigate the negative impact on the price.

Market reaction and price stability of Solana

Despite the initial anxiety generated by the news, the market reacted relatively calmly. 

As of September 13, 2024, the price of Solana has remained stable, with SOL trading around 135 dollars, registering a 5% increase in the previous 24 hours. 

This growth, even in a context of uncertainty, demonstrates the resilience of the token, fueled both by the confidence of investors and the increasing activity within the Solana ecosystem.

The cryptocurrency market is notoriously volatile, and the fact that Solana has maintained a certain stability despite the unstaking action, also reflects the positive impact of the increase in activity within the ecosystem.

Furthermore, the price of Solana has been influenced by macroeconomic factors, including inflation data in the United States, which have swung the global financial markets.

A key element that could explain the resilience of Solana is the continuous growth of its ecosystem.

Since September 5, trading volumes on DEX (decentralized exchanges) of the Solana network have increased by 7%, demonstrating that interest in using the blockchain remains strong. 

Furthermore, the total value locked (TVL) in SOL has grown by 11% in the last month, now reaching 36 million SOL.

This increase in activity not only highlights the importance of Solana as a smart contract and DEX platform, but also suggests that developers and investors continue to see the network as a promising environment for innovation and value creation. 

The rapid growth of decentralized applications (dApp) on Solana is another indicator of this bull trend.

Long-term prospects and forecasts 

Although the price of Solana has dropped from its all-time high in March 2024, when it reached 209 dollars, many market observers remain optimistic about the long-term prospects of the project. 

Various factors contribute to this confidence. First of all, the continuous technological innovations in the network and the growing interest in meme coin based on Solana. 

The second place, the participation of large institutional investors, who see in Solana an opportunity in the long term.

Furthermore, the Solana network has proven to be one of the most performant in terms of speed and scalability, two critical factors for the future of decentralized applications and DeFi (Decentralized Finance) projects. 

These technical aspects, combined with an active developer community and an ever-expanding network, make Solana a key player in the cryptocurrency landscape.

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BFG, the native token of the popular casino BetFury, emerged on the news after it rose by more than 5% on the monthly charts. A multi-utility token powering the decentralized crypto casino, it has seen many ups and downs since its launch. 

Due to its recent performance, the crypto community is wondering whether they should invest in this token or look for alternative investments. 

What is BetFury?

BetFury is a licensed online gambling platform and sportsbook offering over 8k games. 

This versatile casino features a collection of slots, live casino games, and table games. It also offers 21 BetFury Originals. Designed for crypto enthusiasts, these games are simple and pack ample rewards. 

The platform also offers many bonuses, including a 590% welcome bonus spread across three deposits and up to $10,500. Additional promotions include regular tourneys and other seasonal perks.

However, the platform’s unique crypto section is noteworthy. It offers low-interest crypto loans, staking perks with up to 60% APY, and futures trading facilities. 

These factors have generated significant interest among crypto enthusiasts. As a result, BetFury’s native token—BFG—currently maintains a market capitalization of over $25 million. 

BFG Price History

CoinMarketCap’s earliest record for the BFG price shows that it was around August 2021 when it was around its all-time high: $0.03. The token’s value was corrected after that, and the crypto winter further pushed the token inside volatile zones. 

After trading within the $0.012 and $0.015 range throughout 2022 and most of 2023, it was in 2024 that the BFG price again tried to claim its all-time high. However, it fell short and could only reach the $0.029 level. 

The token’s value dropped again but bounced to the $0.023 level. BetFury’s fundamentals allowed BFG to stay afloat despite Bitcoin’s Black Monday on August 5th, 2024.

At the time of writing, BFG is trading around the $0.022 mark.

BetFury Price Prediction

At the time of writing, the BFG token is currently maintaining a stable RSI of 58, and its MACD is still in the positive zone, indicating that the token is in the accumulation range. 

Since late July 2024, the token has been trading between $0.02 and $0.024. The chart shows that its price action will remain inside this zone, at least for the short term. Based on this information, here are the price predictions for this token for 2024 and beyond. 

2024

If market conditions improve, Bitcoin could cross over its long-held resistance of $60k, and the entire crypto market may move to the bullish zone. This could push the BFG price to go beyond the $0.03 mark and target new highs. 

However, it will also depend on BFG Token’s adoption rate and investor’s reception of gaming tokens as a whole.

2025

If 2025 becomes a bullish year for Bitcoin, mirroring 2021’s price action, we may see the entire cryptocurrency market moving up. While high-cap crypto may rise by double or triple digits at most, low-cap tokens such as BFG could experience a higher level of price increase.

Furthermore, if more people arrive to test out BetFury’s staking perks, loans, and futures trading facilities, it could become a viable investment for long-term investors. If the BFG price moves up parabolically, it could reach above the $0.2 level.

Is Memebet Token A Good Investment: New Crypto Casino Project

Memebet Token is an ERC-20 token that powers a Telegram casino of the same name. The Memebet Casino, however, is a different type of online gaming site. While its games combine the traditional suite of old and new titles, Memebet Casino will be meme coin-exclusive. 

It means that users will only be able to use meme coins to wager on games, which will have a compounded effect on gaming. 

With the added risk of meme coins’ price action, the uncertain outcomes of the games will create a high-risk, high-reward environment suitable for degen investors. A constant barrage of memes on social media is another reason investors find this project engaging. 

Life savings all on $MEMEBET

Buy now https://t.co/cY4p8PqXzg pic.twitter.com/uTAIYRg5Em

— MemeBet (@Memebetcasino) September 12, 2024

Crypto Gains, a leading crypto YouTuber with over 136k subscribers, has also covered this project recently.

“If you are one of those people who go big on memes, Memebet Token is a good asset to pick,” the YouTuber said. 

The meme coin project will also bring two airdrops, dropping $MEMEBET tokens to those who wager their $MEMEBET tokens on the Memebet Casino games. Special perks are also associated with NFT Lootboxes. More information about them will be revealed soon. 

These factors have led the Memebet Token to raise more than $200k since launch. Currently priced at $0.0251, Memebet Token can potentially be a suitable crypto for those looking to diversify their gaming crypto portfolios. 

Visit Memebet Token

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

MicroStrategy, led by Michael Saylor, has purchased an additional 18,300 Bitcoin for a value of 1.1 billion dollars. With this purchase, the company now holds 244,800 BTC, strengthening its position as the largest corporate holder of Bitcoin.

Let’s see all the details below. 

MicroStrategy adds 18,300 Bitcoin to its portfolio: Michael Saylor’s goals 

MicroStrategy, a company famous for its aggressive approach to buying Bitcoin, has recently announced the purchase of an additional 18,300 BTC for a total value of 1.1 billion dollars. 

With this new purchase, the company founded and led by Michael Saylor has brought its total holdings to 244,800 Bitcoin. 

This portfolio, at current market prices, is valued at around 14 billion dollars, consolidating MicroStrategy as one of the largest institutional holders of Bitcoin in the world.

The purchase was made at an average price of 60,408 dollars per Bitcoin, as stated by Saylor in a post on X (formerly known as Twitter).

This move underscores MicroStrategy’s ongoing commitment to pursuing a strategy centered on the accumulation of Bitcoin, which has defined the new corporate direction since 2020. 

The cost basis for the total purchase of bitcoin by the company is approximately 9.45 billion dollars, with an average price of 38,585 dollars for each bitcoin purchased.

With the current market price of bitcoin near $58,000, the overall value of MicroStrategy’s holdings has reached an impressive figure of $14 billion. 

This further strengthens the company’s position as a leader in holding bitcoin among all publicly traded companies globally.

Yields and performance

Michael Saylor also revealed the details about the performance of the bitcoin held by the company. 

According to the executive chairman, MicroStrategy achieved a return of 4.4% on its bitcoin holdings during this quarter, and an impressive 17% since the beginning of the year.

The “BTC yield” is a metric developed internally by MicroStrategy to measure the percentage change in the ratio between the total number of bitcoins held by the company and the number of diluted shares outstanding.

This metric offers a more in-depth view of the performance of the investment in bitcoin compared to the market value, showing how the company’s acquisition strategies translate into benefits for the shareholders. 

The increase in the price of bitcoin in recent months has clearly contributed to the improvement of these performances, making MicroStrategy one of the major beneficiaries of the recent growth of the criptovalute. market.

A long-term vision

As mentioned, MicroStrategy started buying bitcoin in 2020, when Michael Saylor decided to redirect the company’s strategy towards what he considers “digital gold”. 

Since then, the company has consistently expanded its cryptocurrency portfolio, making several massive purchases during market downturns. 

The philosophy of Saylor is based on the belief that Bitcoin represents a long-term store of value, comparable to gold, and that it is a fundamental tool for protecting capital against inflation and the devaluation of traditional currencies.

MicroStrategy has redefined its corporate purpose, transitioning from a traditional enterprise software company to a “bitcoin development company”. 

This transformation has been closely followed by the markets and financial analysts, with many seeing MicroStrategy as a pioneer in the institutional adoption of cryptocurrencies. 

The data from BitcoinTreasuries, a platform that monitors the bitcoin holdings of public companies, clearly shows that MicroStrategy is the largest holder of bitcoin among all publicly traded companies.

Market implications after Michael Saylor’s latest MicroStrategy purchase in Bitcoin

The increase in MicroStrategy’s holdings in Bitcoin is not just a corporate move, but also has broader implications for the cryptocurrency market. 

The purchase of large quantities of Bitcoin by a publicly traded company further helps to legitimize the adoption of cryptocurrencies at the institutional level. 

While other large companies have started to explore the opportunity to integrate bitcoin into their balance sheets, MicroStrategy remains one of the few to have adopted such a decisive and large-scale strategy.

However, this move also involves risks. The high volatility of the cryptocurrency market could severely test MicroStrategy’s investments in the event of a reversal in the price of bitcoin. 

Despite this, Michael Saylor has repeatedly stated that he is confident in the resilience of bitcoin in the long term, remaining steadfast in his belief that the cryptocurrency will continue to grow and play a central role in the global financial system.

The High Court of England has ruled that the stablecoin USDT di Tether can be considered property, subject to the legal rights of traceability and fiduciary ownership, marking an important step for cryptocurrency regulation in the United Kingdom (UK).

Let’s see all the details in this article. 

Historic ruling in UK: the stablecoin Tether as property in England

In a ruling that could represent a significant turning point in the legal landscape of cryptocurrencies, the High Court of Justice for England and Wales has determined that the stablecoin USDT, issued by Tether, can be considered as property.

This development comes at a time of increasing regulatory attention on criptovalute in the United Kingdom, with the government having started to discuss legislative proposals to regulate their status.

The ruling of the High Court marks an important step towards the legal definition of digital resources, granting them protection similar to that of traditional properties.

The judge Richard Farnhill, vice judge of the High Court, clarified that USDT, according to English law, can attract property rights. 

Farnhill emphasized that stablecoins like USDT can not only be tracked, but can also constitute fiduciary property, on par with other forms of traditional assets like money or stocks. 

This decision is based on the nature of the stablecoin itself, designed to maintain a stable value pegged to the US dollar, which makes it a virtual asset with unique characteristics compared to other more volatile cryptocurrencies.

This legal recognition represents an important step forward for the adoption of cryptocurrencies as legitimate financial instruments. Furthermore, it could pave the way for greater legal protection for those who own stablecoin or other cryptocurrencies.

The case of d’Aloia and the crypto scam 

The context of the ruling concerns a legal case brought forward by Fabrizio D’Aloia, an investor who reported being a victim of a cryptocurrency scam. 

D’Aloia accused an unidentified defendant of deceiving him into transferring cryptocurrencies, including Tether’s USDT and Circle’s USDC, for a total value of about 2.5 million pounds (3.3 million dollars). 

According to the accusation, the funds were then moved through different wallet blockchain before being converted into fiat currency via exchanges like Gate and Bitkub.

The case also involved the cryptocurrency exchange Bitkub and six other defendants, including Binance, the largest exchange in the world by trading volume. 

However, Judge Farnhill ruled that D’Aloia had no rights against Bitkub, as the exchange had not received any payment directly from him. In addition, the case against the trading platform Aux Cayes Fintech was dismissed.

Despite the negative verdict for D’Aloia regarding the specific defendants, the case has helped to highlight the vulnerability of investors in the world of cryptocurrencies and the need for greater regulation and legal protection.

The legal recognition of cryptocurrencies

In any case, the recognition of the stablecoin USDT as property by the High Court comes at a crucial moment, given that the UK government has just begun to examine the regulation of cryptocurrencies. 

Last Wednesday, the British Parliament presented a bill drafted by the Law Commission, the independent statutory body responsible for examining legal issues. 

This bill aims to treat cryptocurrencies as property, offering them greater legal protection.

According to the bill, cryptocurrencies do not fall into the traditional categories of “in possession” assets, which include tangible items such as money or cars, nor into those of “in action” assets, which cover intangible elements such as credit rights. 

However, as highlighted by Judge Farnhill’s ruling, cryptocurrencies, including USDT, are still considered property in every respect. 

This represents an important progress for the regolamentazione of cryptocurrencies and offers a greater clarity on how these assets should be treated in the legal field.

The potential influence of the United Kingdom (UK) decision towards Tether 

The decision of the High Court could have significant repercussions for the future of cryptocurrencies in the United Kingdom and beyond. 

With the growing adoption of stablecoins like USDT and USDC, which are designed to be less volatile compared to traditional cryptocurrencies, the legal recognition of these assets as property opens new perspectives for their regulation and protection.

This ruling could also push other jurisdictions to follow the example of the United Kingdom and consider cryptocurrencies as property, providing investors with greater legal security.

Furthermore, the recognition of property rights on stablecoin could encourage the use of these digital resources in broader contexts, such as in international trade and daily financial transactions.

However, it is important to emphasize that, although this ruling represents a step forward, many unresolved issues remain in terms of regulation and supervision of cryptocurrencies. 

The scams, like the one suffered by D’Aloia, demonstrate that there is still a wide margin of risk for investors. 

Therefore, in addition to the legal recognition of cryptocurrencies, further efforts will be needed to improve transparency and security in the cryptocurrency market.

In recent years, the volatility of Bitcoin’s price has sparked intense debates between supporters and detractors, but a recent analysis published by Standard Chartered, one of the leading global investment banks, has reinforced the bull forecast for the future of BTC. 

Currently, the price of Bitcoin is around 57,200 dollars, after reaching a new all-time high of 73,737 dollars in March of this year.

Bitcoin (BTC): the price forecast in the report by Standard Chartered

In its recent report, Standard Chartered outlined an extremely positive scenario for the price of Bitcoin, highlighting that the cryptocurrency could experience a new phase of exponential growth in the coming months. 

According to the analysts of the bank, Bitcoin could reach new historical highs, thanks to a combination of technical, economic, and structural factors. This is not the first optimistic report from the bank on the subject, but the current data confirm a bull perspective.

One of the key points of Standard Chartered’s forecast is the growing institutional adoption of Bitcoin. Large financial companies and multinational corporations have started to accumulate BTC in their balance sheets, recognizing it as a valid store of value and a hedge against inflation. 

Furthermore, the recent interest in ETF su Bitcoin spot approved in some jurisdictions has paved the way for greater participation from traditional investors, providing a significant boost to the demand for BTC.

The bull view of Standard Chartered is also supported by the increase in regulation in many parts of the world, which has made the adoption of Bitcoin safer for institutional investors. 

Countries like the United States are advancing towards the creation of a clearer regulatory framework for criptovalute, making it easier for companies to integrate them into their investment portfolios.

In parallel, Bitcoin is increasingly being used as a payment instrument. Major tech companies and retail giants are adopting BTC as a medium of exchange, increasing its economic utility. 

The increase in the use of Lightning Network, a second-layer solution to improve the scalability of Bitcoin, has made BTC payments faster and cheaper, making it more appealing for daily transactions.

The role of Bitcoin as a store of value

One of the main factors justifying Standard Chartered’s optimism is the growing perception of Bitcoin as a reserve of value. In a world characterized by expansive monetary policies and increasing fears about inflation, many investors are seeking safe alternatives to preserve their capital. 

Historically, gold has played this role, but today Bitcoin is emerging as a digital alternative to physical gold.

The scarcity of Bitcoin, set at 21 million units, makes it similar to gold in terms of limited supply, but with additional advantages, such as ease of transfer and protection against censorship. These factors make BTC an increasing attraction for those looking to diversify their value reserves.

According to the report by Standard Chartered, Bitcoin could once again surpass $70,000 in the medium term, with the possibility of reaching $100,000 or more in the long term. Analysts predict that surpassing this critical psychological level could trigger a further influx of institutional capital, pushing the price even higher.

On a technical level, one of the main factors supporting this forecast is the formation of bullish patterns in Bitcoin charts. The analysis of past price movements indicates that BTC could be close to a break above key resistance levels, paving the way for a new phase of sustained growth.

Risk factors

Despite the optimistic picture painted by Standard Chartered, it is important to emphasize that Bitcoin remains an extremely volatile asset, with significant risks. One of the main factors of uncertainty concerns the evolution of regulation. 

Although some countries are adopting a favorable approach, others might introduce restrictive measures, which could negatively influence the price of BTC.

Furthermore, the mercato delle criptovalute is still subject to speculative movements, and a correction could occur in case of a sudden increase in sales or a change in global macroeconomic conditions.

Conclusions: will the prediction on the price of Bitcoin (BTC) by Standard Chartered come true?

The bullish forecast of Standard Chartered for Bitcoin is based on a combination of macroeconomic, technical, and adoption factors. 

Currently, BTC is trading around 57,800 dollars, but the analysts of the bank believe that there are solid reasons to expect a further rise in the medium-long term, with new all-time highs that could be reached by the end of the year.

However, as always in the world of cryptocurrencies, investors should proceed with caution, taking into account the risks associated with this highly volatile market. If Standard Chartered’s forecasts prove correct, Bitcoin could consolidate its role as a global digital store of value, paving the way for greater institutional and retail adoption.

Ultimately, the question on all fronts is: Bitcoin will it be able to maintain its bullish momentum and surpass the expected levels, consolidating itself as the new digital gold? Time will tell, but current forecasts paint a positive picture for the future of the price of BTC.

Yesterday, Kraken filed in court a documento in which the crypto exchange requests a jury trial against the SEC.

The crypto exchange Kraken requests a jury trial against the SEC

Last month a judge in California ruled that the SEC’s lawsuit against Kraken will go to trial. 

In the document Kraken presents an explicit request to have a jury trial for all matters related to the case against the SEC.

Although it does not clearly state the real reason why it requested the jury, in the document that is a full 76 pages long, it lists 18 points of defense with which it effectively accuses the SEC of having behaved in an unacceptable manner. 

In the USA citizens have the right to a trial by jury as enshrined in the Constitution, since it is considered a fundamental principle of the American legal system.

There are three types of juries, of which the first two (grand juries and petit juries) for criminal trials, and the third for civil cases.

It should be noted, however, that over time the power of juries has diminished significantly, to the point that some argue that the transfer of powers from juries to judges favors the élites. 

It may be that this is the real reason behind Kraken’s request, namely to prevent authorities such as judges and the SEC from being able to decide more easily against them. 

However, on the other hand, there are also those who argue that in complex disputes the jury may be substantially unable to fully understand the issues, to the point of causing conflicts with the judges who at that point may even go so far as to exclude it from the trial. 

The problem of the SEC against the crypto exchange Kraken

In fact, the problem raised by the SEC against the crypto exchange falls among the complex issues. 

The American agency accuses Kraken essentially of violations of security regulations. 

The question of which crypto should be considered security, and which not, is so complex that there are sharply different points of view. 

According to the same Securities and Exchange Commission, many criptovalute would be securities, but so far every time a court has been called to definitively resolve such issues, it has often opted to rule against the SEC, establishing that many cryptos are not to be considered securities.

Moreover, even among the judges there is no agreement, with some more inclined to side with the SEC, and others less so. 

At this point, it is rather difficult to imagine that a civil jury, chosen essentially at random, can really be able to resolve such an issue. Moreover, a unanimous judgment is required, so it will presumably be quite difficult to achieve it. 

Perhaps Kraken is hoping for a kind of complication in the decision-making process, in order to avoid the judge agreeing too easily with the SEC. 

The crypto considered security

The SEC accuses Kraken of having unlawfully allowed retail users to purchase unregistered securities such as ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG, and the SOL tokens. 

It should be noted, however, that it is not the SEC that can decide which assets should be considered security. 

For this reason, the agency turned to a court, because only courts in the USA truly have the right, and the power, to decide whether a particular financial asset should be considered a security or not. Furthermore, such decisions must be made asset by asset, thus with individual decisions for each individual crypto. 

The key point is that in the USA, as in many other States, it is illegal to offer unregistered securities to the public, and no crypto has ever obtained registration with a government agency as an investment contract. In fact, it is also quite likely that even by requesting it, they might not be able to obtain it. 

Until now, however, there are already two similar cases on which courts have definitively ruled: XRP and ETH. In both cases, it was decided that they cannot be considered securities if traded on the secondary market, that is, on exchanges. It is difficult to imagine that ADA, ALGO, and the other cryptos mentioned by the SEC could receive different treatment. 

According to Kraken, digital assets themselves cannot be considered investment contracts (i.e., security) because they do not entail any of the rights and obligations of a share, a bond, or any other financial asset that Congress has declared subject to SEC regulation. 

The consequences of the trial on the crypto market

In the event that Kraken prevails in this case against the SEC, there might not be significant consequences on the crypto markets. 

On the other hand, after the historic ruling on XRP last year, the markets have largely become convinced that the SEC is fundamentally wrong, and that it could end up losing all other similar cases as well.

In the case, however, of a victory by the SEC, the consequences could instead be strong. 

It must be said that they would not concern Bitcoin and Ethereum, at least in the medium/long term, because there are no longer any doubts that the two main cryptocurrencies cannot be considered securities.

However, they would concern both the cryptos potentially deemed securities by the judges, and the crypto market as a whole, because the majority of minor cryptocurrencies are the ones most at risk of being considered securities. 

Swift, the global financial messaging network, is developing innovative solutions to facilitate the integration between fiat currencies and various forms of tokenized assets, with the goal of accelerating financial transactions and improving the efficiency of the system.

The importance of asset tokenization and the connection of fiat currencies: Swift’s idea

The tokenizzazione is one of the most revolutionary trends in the financial world. It consists of digitally representing physical or financial assets on a blockchain or a distributed ledger (DLT). 

This technology allows the fractionation of high-value assets, such as real estate or shares, into smaller digital units, making them more accessible and liquid. Tokenization does not only concern traditional financial assets, but can also include assets such as art, luxury cars, and commodities.

One of the main obstacles to the widespread adoption of tokenization is the lack of adequate infrastructure to connect fiat currencies with these new digital assets. And this is where Swift comes into play, working on solutions that can seamlessly integrate the fiat world with the future of tokens.

In July 2023, Swift began exploring new ways to connect traditional fiat currencies with tokenized assets. 

The objective is to create a bridge between the conventional banking system and the emerging world of decentralized finance (DeFi). Thanks to its extensive global network, Swift is in the ideal position to facilitate this transition, allowing bull and bear buyers of securities to pay and trade tokenized assets in real-time through its platform.

In particular, Swift is working on the development of a series of solutions to enable simultaneous transactions between fiat and tokenized assets. This approach aims to solve one of the main problems of transactions with tokenized assets: the lack of trust and synchronization between the different payment systems. 

Currently, traditional payments via fiat and the exchange of tokenized assets often operate on separate platforms, resulting in delays and operational risks. Swift, through its network, is seeking to eliminate these inefficiencies.

Delivery-versus-payment (DvP) and payment-versus-payment (PvP): the new frontier

Swift has also announced ambitious plans to conduct tests on multi-ledger transactions based on the delivery-versus-payment (DvP) and payment-versus-payment (PvP) models.

These two modes are crucial for the success of tokenized transactions and represent a significant breakthrough in the world of digital finance.

Delivery-versus-payment (DvP): The DvP is a mechanism that ensures that the transfer of an asset occurs only when the payment has been made. This type of transaction is widely used in traditional financial markets to reduce counterparty risks.

In the context of tokenized assets, the DvP represents a promising solution to ensure that tokenized securities are delivered only once the fiat payment has been completed, thus reducing the risks of non-delivery or late payment.

Payment-versus-payment (PvP): PvP is a mode that ensures payments in two different currencies occur simultaneously, reducing exchange risk. This solution is particularly relevant for international transactions, where settlement times can vary significantly.

Enabling PvP for transactions with tokenized assets will allow banks and investors to exchange tokens and fiat currencies in a simultaneous and secure manner, greatly improving market efficiency.

The advantages of the Swift solution: a bridge between fiat currencies and tokenized assets

With the support of Swift, tokenized assets could enter traditional finance with greater fluidity, bringing numerous advantages:

Risk reduction: The integration between fiat and tokenized assets will reduce operational risks associated with timing differences between the delivery of assets and payments. Thanks to solutions like DvP and PvP, it will be possible to eliminate discrepancies and ensure that all parties comply with the terms of the transaction.

Efficiency and transparency: The Swift platform will enable real-time transactions, eliminating delays due to clearing or adjustments between different systems. The blockchain and distributed ledgers offer intrinsic transparency that, combined with the Swift infrastructure, will lead to a clearer and verifiable workflow.

Global access: By connecting fiat currencies from over 200 countries and territories with the emerging world of tokenized assets, Swift is opening the doors to unprecedented global investment opportunities. Small investors will be able to participate in markets previously reserved for large institutions, increasing liquidity and accessibility.

Integration with existing systems: One of the major challenges in the tokenization of assets is the integration with existing financial infrastructures. Swift, with its vast network of banks and financial institutions, is in a unique position to facilitate this transition, seamlessly integrating the new digital world with traditional practices.

The future of Swift and tokenization

With the advent of tokenization, the financial landscape is changing rapidly. The solutions that Swift is developing to connect fiat currencies with tokenized assets could revolutionize the way financial transactions are conducted. In a not too distant future, the ability to exchange tokenized assets in real-time via the Swift network could become the norm, marking a significant turning point in the world of global finance.

The adoption of models such as DvP and PvP on multi-ledger distributed registers represents a fundamental step towards the creation of a more secure, transparent, and efficient financial system, where fiat and token can coexist without friction.

Hawaii has issued a new regulation that favors crypto companies. Now, exchanges will be able to operate on the island without the money transfer license. 

Hawaii and the new regulation that embraces the crypto sector

Hawaii has issued a new regulation that embraces the crypto sector, supporting companies. 

According to what reported, it seems that now, crypto companies such as exchanges, will be able to operate on the island without a money transfer license. 

In practice, under state law, the operations of cryptocurrency companies do not need to be classified as money transmissions. 

It was established by the Department of Commerce and Consumer Affairs Division of Financial Institutions (DEFI). 

Thanks to this new regulation in favor of the cryptocurrency sector, companies like Trasnask are already developing main offices in Hawaii. In this regard, Bryan Keane, head of compliance in the United States for Transak, said:

“The recent regulatory decision in Hawaii creates the potential to emerge as a significant hub for cryptocurrencies. The interpretation that the State has given to money transmission in relation to cryptocurrencies lays the groundwork for broader adoption, aligning well with the enthusiastic and growing Web3 community in the region.”

Hawaii supports crypto: a regulation to become a global industry hub

The objective of this new regulation is to become a global hub for the cryptocurrency sector.

In fact, important companies like Coinbase, MetaMask, and BitPay have been attracted by the welcoming regulatory environment. 

Not by chance, without the need for licenses, crypto companies become freer to offer users a greater number of services. 

This solution comes after past tests. In fact, in 2020, the Hawaii Tech Dev Corp had announced that 12 crypto-exchanges participating in the island’s pilot program would be able to operate without a license for two years. 

The crypto-exchanges were Apex Crypto, BitFlayer USA, BlockFi Trading, CEX.io, Cloud Nalu, Coinme, ErisX, Fiexa Network, Gemini Trust Company, Novi Financial, River Financial, and Robinhood Crypto. 

This pilot program, which ended on December 31, 2022, seems to have given Hawaii the opportunity to formalize the new regulations for all crypto companies. 

The case of the United Kingdom

Besides Hawaii, there are many countries that decide to open up to crypto also at the regulatory level. 

Recently, in the United Kingdom, a new bill was introduced in Parliament, which clarifies the legal status of cryptocurrencies and their regulation. 

The proposal aims to consider crypto as personal property, including all digital assets such as Bitcoin and altcoins, tokens, and NFTs. 

The Ton Foundation has recently announced a strategic partnership with Tada, one of the leading ride-hailing platforms in Southeast Asia, to integrate Web3 technologies into the real world. 

This collaboration marks an important step in the evolution of the transportation sector, with a particular focus on the integration of blockchain and cryptocurrencies.

Tada mini: ride-hailing sul Web3 con la rete TON

As a result of this collaboration, Tada has launched a new mini-app on Telegram, called Tada mini. This app, designed for the Web3 community, allows users to book rides directly within Telegram, without the need for registrations or downloading additional applications.

But the real innovation lies in the possibility of completing bookings using the Ton (The Open Network), thus paving the way for the use of digital assets such as Toncoin (TON) and the USDt-TON to pay for rides.

This move represents a concrete example of how Web3 can be integrated into everyday services, such as ride-hailing, making the use of criptovalute increasingly accessible and practical for the general public. Furthermore, the ease of use of the Telegram mini app eliminates many of the traditional barriers associated with the adoption of new technologies.

To celebrate this important collaboration, Tada and Ton Foundation will offer free rides during the well-known event TOKEN2049, which will be held from September 14 to 18, 2024, in Singapore. The first 4,000 users who book a ride through Tada mini will be able to enjoy a free ride. 

Once the free trips are exhausted, users will be able to benefit from a 50% discount on subsequent rides using the Ton network for payment (terms and conditions apply).

This event will not only provide a preview of the future of Web3-based ride-hailing, but will also highlight the potential of the Ton network to handle fast and scalable transactions for a wide and diverse audience.

The impact of the Ton-Tada partnership and the transformation of Telegram

Founded in 2018, Tada has quickly become one of the preferred ride-hailing platforms in Southeast Asia thanks to its zero-commission policy, which ensures fair prices for both passengers and drivers. Currently operating in Singapore, Thailand, Vietnam, and Cambodia, Tada aims to expand to Hong Kong by the end of 2024.

The partnership with the Ton Foundation offers Tada an extraordinary opportunity to further distinguish itself in the sector. Ton is a next-generation blockchain platform, renowned for its speed and scalability, capable of handling millions of transactions quickly and efficiently. 

The integration of Web3 technology into the daily operations of ride-hailing opens up new possibilities for the practical use of cryptocurrencies and blockchain, making digital payments a tangible and easy-to-use reality.

This collaboration is part of a broader strategy to transform Telegram into a Web3 super app. In addition to the payments and games already present on the platform, with the addition of ride-hailing, Ton is helping Telegram evolve into a multifunctional application, capable of offering a full range of blockchain-based services, making the adoption of Web3 a more natural process for users.

According to Harvey Kim, head of Korea for the Ton Foundation, this partnership represents a significant milestone in the growth of the Ton blockchain in Southeast Asia. He expressed great enthusiasm for the future of the project, emphasizing how this agreement could facilitate the adoption of Web3 by traditional users.

Conclusion

The partnership between Tada and Ton Foundation is a perfect example of how Web3 can be integrated into traditional services, offering users an enhanced experience and new use cases for cryptocurrencies. 

With the launch of Tada mini on Telegram, this collaboration not only makes ride-hailing easier and more convenient, but also lays the foundation for greater adoption of blockchain in Asia and beyond.

Through the Ton network, the future of transportation becomes digital, fast, and secure, with the promise of bringing the Web3 revolution to the heart of everyday services.

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Over the past few months, there has been a rise in the demand for utility memecoins in the MemeFi space. However, the bearish market has affected the price movement of many memecoins. The good news is that a market rally is on the way.

Analysts have picked five memecoins, which will record massive growth during this bull season. They are Floki, Book of Meme, Shiba Inu, Bonk, and Angry Pepe Fork. Let us see why analysts are bullish about them.

Floki (FLOKI) Price Forecast 

Floki (FLOKI) has been trading in losses in the past month, along with other memecoins. It failed to capitalize on various news, like the launch of the Floki Inu trading bot, to reach new highs. Data from CoinMarketCap shows the price of the dog-themed memecoin is consolidating between $0.00011 and $0.00016 on the monthly timeframe.

The market cap of Floki coin ranges between $1 billion and $1.6 billion. Looking ahead,  Floki Inu has resistances around the 50-Day SMA ($0.000138) and 200-Day SMA ($0.000161). Crossing the resistance at the 50-day SMA will allow the memecoin to test the 200-day SMA. 

Coincodex forecasts the price of Floki coin might reach $0.000159 in the coming weeks. If the bullish momentum is very high, we might see the memecoin soaring to $0.000398 in the long run. On the flip side, a bearish movement could push the value of Floki to former lows. 

Book of Meme (BOME) Set For Breakout After 50-Day SMA Resistance 

Book of Meme (BOME) is another Solana memecoin analysts are expecting to rise to new highs in the coming bull season. Book of Meme CoinGecko data shows losses on the biweekly and monthly timeframes. The cryptocurrency’s market cap is consolidating between a low of $350 million and a high of $600 million. 

Also, Book of Meme CoinGecko data shows its price is 76.6% below its all-time high. Going forward, the memecoin has resistance at the 50-Day SMA ($0.007349). Meanwhile, Coincodex has a bullish Book of Meme price prediction despite the poor situation of the market. 

They have two forecasts with the first being a price target of $0.008062 in the short run. The second target is a price target of $0.020186 in the long run. Despite this bullish Book of Meme price prediction, reaching these targets will depend on the sentiment in the general market.

Shiba Inu (SHIB) Burn Increases By 8,193%, Price To Grow Soon

In the latest Shiba Inu news, data from Shibburn shows the memecoin’s burn rate has skyrocketed by 8,193% in the past day. This surge burned 3,106,197 SHIB from the circulating supply of Shiba Inu coin. Eight transactions were involved in the burning exercise. 

Despite this Shiba Inu news, SHIB is still showing losses on the monthly timeframe. Bulls have only been able to spark gains on the weekly timeframes despite the increase in burning activity in the past month. In terms of price movement, the Shiba Inu coin price is currently below the 50-day SMA at $0.00001447. 

Its market cap is around the $7-$9.5 billion mark. Analysts expect the memecoin’s price to skyrocket in the coming bull run. They forecast a possible price target of $0.00002846.

Bonk (BONK) Price Prediction 

Bonk (BONK) bulls have woken up after a long bearish period. Data from CoinMarketCap shows the memecoin’s price has increased on the weekly timeframe. However, the Bonk coin is still showing losses on the monthly level. 

The ongoing bear market has affected its price trajectory in the past month. However, the recent upsurge shows that the Bonk price could increase in the next trading sessions. For this to happen, the Bonk coin must surpass the major resistance at the 50-Day SMA ($0.00002059)

Failure to do so might lead to price declines. Luckily, analysts are expecting a bull run in the coming weeks. This massive upsurge could push the Bonk coin to new levels. Coincodex gives a price target of $0.00005396 during the bull market.

Angry Pepe Fork Is Changing The Memecoin Narrative

As a new meme coin on the Solana network, Angry Pepe Fork (APORK) is set to dominate the memecoin market. While there are quite a number of memecoins in the market, Angry Pepe Fork is for the rebels who want to disrupt the status quo.

The project has a utility memecoin called APORK. Those who have the token can get additional tokens through two ways – the staking portal and the unique ‘Conquer To Earn’ mechanism. Conquer-to-earn is designed to foster a community spirit and involves fun based activities including quests, tournaments, community events, and raids. 

In return, they are able to earn additional tokens and rewards.Distinguished members are also awarded badges of honor as proof of their strength and valor on the battlefield. These come with additional rewards, prizes and stealth drops. The staking protocol is also another way members of the community can earn rewards with up 441655% APYs currently available. 

They can buy the APORK token at its current value of $0.025 and stake them to receive rewards. This option is available right from the presale stage. They do not have to wait until the project is launched. Going forward, the Angry Pepe Fork team is in talks with potential partners to bring more utility to the project.

The Angry Pepe Fork price is expected to be the next 100x Solana memecoin because of the utility that differentiates it from regular memecoins. This is a golden opportunity to join the project before price increases.

Why These Are The Best Memecoins To Buy Right Now

With the expected bull run that is coming in the future, analysts expect investors to accumulate memecoins that have the potential now that prices are low. Based on current market info, the best memecoins to buy right now are among Floki, Book of Meme, Shiba Inu, Bonk, and Angry Pepe Fork. Experts believe their prices could skyrocket in the bull season.

Visit the Angry Pepe Fork Presale:

Website: https://angrypepefork.com/

Telegram: https://t.me/AngryPepeFork

Socials: https://x.com/AngryPorkCoin

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

Yesterday Vitalik Buterin published a post on his official X profile in which he effectively calls for greater decentralization of layer-2 on Ethereum. 

I take this seriously. Starting next year, I plan to only publicly mention (in blogs, talks, etc) L2s that are stage 1+, with *maybe a short grace period* for new genuinely interesting projects.

It doesn't matter if I invested, or if you're my friend; stage 1 or bust.

Multiple… pic.twitter.com/4cGxgsfmUc

— vitalik.eth (@VitalikButerin) September 12, 2024

Buterin is the famous co-founder of Ethereum, and his words carry a very significant weight in this field. 

The decentralization on Ethereum layer-2 according to Vitalik Buterin

The layer-2 in theory inherit security from the layer-1 to which they are attached. 

The problem, however, is that it is not certain that if a layer-1 is decentralized, such as Ethereum, the layer-2s that rely on it are necessarily decentralized as well. 

Indeed, for a layer-2 it is often very difficult to reach the level of decentralization of Ethereum, so much so that one of these upper layers for example is Base by Coinbase. 

Moreover, new layer-2s continue to be launched, many of which are in fact not decentralized at all. 

For a layer-2 to truly make sense, it must be decentralized; otherwise, it is more convenient to use other equally centralized solutions that are much simpler to manage, such as proprietary platforms of companies. 

What truly distinguishes blockchain technology from other technologies that allow the management of financial transactions is precisely decentralization, because otherwise, from other points of view, centralized technologies turn out to be much more performant, that is, more scalable and less costly. 

Since layer-2 are precisely used to make crypto transactions on blockchain more scalable and economical, it is evident that the same best practices of layer-1 must also be applied at these higher levels. 

The speech by Vitalik Buterin on the decentralization of Ethereum layer-2

Buterin starts right from the explosion of layer-2. 

Not only are there already many, but more are still being born. 

The co-founder of Ethereum says that starting next year he will only consider those layer-2 that are at least in phase 1, meaning those that have reached a 75% threshold in the council to ignore the proof system, and that have more than 26% of the council outside the rollup team.

He added: 

“The era of rollup as glorified multisig is coming to an end. The era of cryptographic trust is upon us”.

Furthermore, he shared a screenshot in which it is explicitly stated not only that the ecosystem standards must become stricter, but that it will no longer be sufficient to declare being on the path to decentralization. 

The goal is to reach the point (phase 2) where rollups are truly supported only by the code, and where the security council can intervene only if the code is demonstrably in disagreement with itself. 

The path towards decentralization

As clearly emerges from Buterin’s words, these are mainly governance problems. 

That is, if a crypto protocol is manipulable by a team of people in an arbitrary way, or if it allows arbitrary decisions by one or more people towards others, it cannot be considered decentralized. 

If it is not decentralized, it is not trustless, and this inevitably entails the need to trust those who manage it. This is not a characteristic that a decentralized project should have, because it is instead one of the main characteristics that distinguish centralized projects. 

Moreover, centralized projects tend to be not only much easier to develop, but also much more performant, so there is no need to use decentralized technologies if they are not truly decentralized. 

Buterin realized that the projects claiming to be decentralized and that actually are, starting with Ethereum, are very few. On the other hand, there are many more that claim to be decentralized, but in reality, they are not at all.

A crypto protocol in which there are one or more people who are able to intervene arbitrarily to modify the code at will, or to ensure that the operations carried out within the protocol do not exclusively follow what is written in the code, is not truly decentralized. 

The risks of centralization

The intrinsic risk in a centralized protocol is not only related to the fact that it requires absolute trust from the users. 

There is also, for example, the risk related to the security of the funds, because as has happened many times before, they can be stolen by a malicious actor. For example, the crypto exchange Mt. Gox in 2014 failed precisely for this reason. 

There are also other risks, such as arbitrary changes to the code, without any user being able to oppose, not even the majority of the users. 

In the past, it has also happened more than once that protocols claiming to be decentralized actually had backdoors specifically designed by their authors to allow them to appropriate users’ funds. 

Since the advent of decentralized protocols, it has become increasingly clear that when these are secure, well-designed, and well-implemented, they tend to have far fewer governance management issues than centralized ones. 

In the crypto field, what is truly decentralized will always have an edge over what is not, and for this reason, Buterin has decided to further emphasize this point. 

Among today’s Bitcoin news, there is praise from BlackRock stating that BTC could serve as a hedge against the growing global order. BlackRock is the world’s largest asset management company, with $9 trillion, which issued its ETF in January of this year. 

Bitcoin News: BlackRock sees BTC as a hedge against the growing global order

BlackRock, a 9 trillion dollar asset management company and the largest in the world, has praised Bitcoin.

JUST IN: BlackRock says #Bitcoin could be a "hedge against increasing global disorder and declining trust in governments, banks, and fiat currencies."

— Watcher.Guru (@WatcherGuru) September 12, 2024

JUST ARRIVED: BlackRock states that #Bitcoin could be a “hedge against the growing global disorder and the decline in trust in governments, banks, and fiat currencies.”

In practice, BlackRock sees Bitcoin as a possible hedge against the growing global disorder and declining trust in governments, banks, and fiat currencies. Not only that, for the asset manager, the asset is a global monetary alternative. 

The support of BlackRock for Bitcoin is not new, given that in January 2024, the asset manager launched its ETF on Bitcoin spot (IBIT) in the USA, achieving excellent performance. 

A few weeks ago, IBIT recorded an inflow of over 224 million dollars in a single day.

Bitcoin News and the praise of BlackRock: the statements of CFA Jay Jacobs 

Last June, even the CFA of BlackRock, Jay Jacobs, released supportive opinions on Bitcoin, portraying it as the future of finance.

Specifically, Jacobs said in a video:

“Bitcoin is an emerging asset. It is only a tenth the size of the gold market. Therefore, it has high volatility and behaves differently from stocks and bonds. Many investors consider it a potential hedge against geopolitical and monetary risks. Other investors see it as a way to play on the future adoption of blockchain technology. In either case, investors need to take a measured approach to Bitcoin, considering both the risks and potential returns of the asset.”

Returning to today, BlackRock believes that interest in Bitcoin and the entire crypto sector is destined to grow, especially with the spread of new alternatives to the dollar and investments.

The trend of the price of BTC

In the meantime, the price of BTC continues to try to reach and surpass $60,000, but for the past three weeks, the mission has not yet succeeded. 

In fact, at the time of writing, BTC is worth $57,784, recovering ground from $53,000 last week, but still not stable. 

Looking at the annual chart, in fact, from after March 14, 2024, the day of ATH or All-Time High of the BTC price at over $73,000, the trend has become more oscillating. 

The price of BTC fluctuated in a range of $59,000 and $71,000 until the end of June 2024, then it dropped, and fluctuated in a price range between $55,000 and $68,000. The current price is therefore closer to the summer lows. 

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For quite some time digital currencies have been looked at with hesitation and have not become part of mainstream finance. All currencies come with their sets of cons and pros and trust builds when the pros surpass the cons. Cryptocurrency has managed to do that. It has given rise to a global population of crypto millionaires that has nearly doubled in 2024, reaching 172,300 individuals. This phenomenon has occurred due to an uptick in the trust in cryptocurrencies and because they are performing better and better in markets.

Investors who are well informed & have participated in presales of cryptocurrencies early on have profited from association with the project from that start. As crypto teams reward loyalty lavishly & fruitfully it bears well to invest in a team who have a concrete roadmap and clear vision.

Cryptocurrency Presales

Blockchain initiatives host the best crypto presales. These are referred to as token presales, a way to obtain money prior to the start of the platform’s initial exchange listing or initial coin offering (ICO). A finite quantity of tokens is often offered early on to investors at a high discount during a presale.

Advantages for Investors and Projects

The main attraction to participate in a presale is the opportunity to buy tokens at a discounted price which is quite lesser compared to the anticipated price once the token is released to the general public. When the token appreciates in value, the early investment into the platform could bring on substantial profits. These early investors prove to be beneficial for both the platform & the investors. These investors represent the project as ambassadors which can lead to boosting awareness of the platform and word-of-mouth marketing of the platform as well.

One such coin that is on everyone’s search and watch lists is Artemis (ARTMS). They have proven to a be breakthrough platform that has planned to be the go-to marketplace for crypto much like eBay and Amazon.

Artemis (ARTMS) is Catching Eyes of the Digital World

Artemis Crypto(ARTMS) coin is a different one! It is ushering in a much-needed refreshing change to the crypto online marketplace. A sophisticated coin that takes a direct approach, is committed to its community, and has clear future goals, Artemis Coin is a wise choice to look out for. Consider these factors when you invest in this coin –

Affordable & User-Friendly: Artemis (ARTMS) is offering innovative features as a platform such as DeFi (like intelligent online banking) and low transaction fees making it a lucrative platform to seek.

Token Burning Mechanism: 14.000.000.000 unsold ARTMS are going to be burnt at the launch and in the first two weeks of the launch event, 30%-35 of the total circulation supply will be burnt gradually that will impact ARTMS price greatly and will make it unique and exclusive.

Listed on Popular CEXs: Artemis even before its launch has achieved a mean ft by getting listed in 7 CEXs already. This shows the trust that ARTMS is drawing from the crypto world. A good backing by crypto experts often mirrors the extensive and strong features that goes into its development.

Community-Driven: The success of ARTMS is strongly driven by its active & loyal community. A loyal customer base is a testament to the work the team is doing constantly to adapt to user needs and follow current trends.

A Defined Purpose: The main aim of Artemis Coin is to build a decentralized & open marketplace. This philanthropic objective has garnered the interest of the crypto world & has the potential to rapidly increase in adoption of the Artemis (ARTMS) coin in the market.

Smart Contracts for Secure Transactions: The utilization of smart contracts makes sure that transactions are automated, secure, and fair. These contracts can handle everything from payment execution to dispute resolution, thus reducing the need for intermediaries.

Artemis Coin (ARTMS) is considered as one of the best presale projects. Artemis Coin has already been listed in 7 CEX platforms such as LaToken, CoinW, Weex, Fameex, Deepcoin, UZX and Biconomy. Additionally, Bitget, Bybit, and MEXC listings are on the way.

Before investing, it is important to thoroughly research as cryptocurrency markets is constantly evolving. It is essential to be well-informed & make smart choices.

For more details visit: https://artemiscoin.co/

For updates follow: https://x.com/CoinArtemis

To join the Artemis community: https://t.me/coinartemis

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

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The primary reason why crypto has gained so much traction since the advent of Bitcoin in 2008 is the fact that it far outperforms the potential gains of traditional financial investment vehicles by a country mile. The industry has a sterling record of producing 1000x crypto gems that have gone on to become established names in the sector. And in 2024, that hasn’t changed with the launch of what analysts believe could be the candidate to become the next 1000x crypto: Rollblock.

Rollblock is bringing the $450B online gambling industry to Web3 with the launch of the premier GambleFi protocol on Ethereum—and the smart money believes it’s one of the strongest candidates to turn in a 1000x crypto gain in 2024 and beyond. Here’s why.

Rollblock at the forefront of $450B online gambling industry

Online gambling is one of the most lucrative growth sectors of the future economy—and it’s only set to rise exponentially in the next five years. Despite the efforts of certain industry players, few have had the expertise, backing, and vision to carry out what Rollblock is doing. Rollblock is bridging the world of iGaming with Web3, transcending the traditional online casino framework and offering a platform with sophisticated security, transparency, and earning opportunities that no other GambleFi platform of its ilk has succeeded.

$RBLK: The basic building block of the next 1000x crypto in GambleFi

$RBLK will underpin the next-generation GambleFi protocol’s economy and iGaming platform. Besides allowing users to bet on a variety of slots, table games, and live dealer casino games, users will be able to stake $RBLK for yield, casino rewards, and exclusive VIP perks. Better yet, holding $RBLK will entitle investors to passive income in the form of a weekly dividend paid out from a portion of the crypto casino’s revenues. $RBLK will also feature deflationary tokenomics, which will see the crypto casino buy back and burn tokens on the open market, positioning it for a legitimate chance at a 1000x crypto gain in the coming years.

Rollblock sizzles with a 150% profit in the opening stages of its ICO

Rollblock gave presale investors a taste of its 1000x crypto potential by turning in a 150% profit in August—even as the broader crypto market went into a recession. Initially launched at $0.01, the $RBLK token is now priced at $0.025 in stage 6 of its presale, putting every single investor in profit. And that’s not going to change any time soon, seeing as $RBLK token prices are programmed to rise in every succeeding stage of its ICO until the inevitable 1000x runs to the top of the GambleFi charts.

Invest in the future of online gambling today with the next 1000x crypto gem

Ever kick yourself for missing out on low-cap blue chips that already mooned? Now’s your chance to get in on another by joining the Rollblock presale. Don’t leave it too late—token prices are set to increase in the next stage. Join now and be sitting on a profit even before Rollblock launches.Discover the exciting opportunities of 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.

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Crypto casino Rollblock could disrupt the entire online casino industry with its ground-breaking platform that merges DeFi and TradFi gambling. The ongoing presale is approaching $4 million in raised funds at warp speed, with 12,500 investors onboarded so far. While Rollblock continues to rise unaffected by the adverse market climate, TRON and Aptos experience significant disruption as the market uncertainty intensifies.

TRON Regains Some Ground But It’s Losing Steam

TRON is consolidating around the $0.153 mark after rebounding from the $0.148 level. TRON has also seen a slight 9.2% in trading volume, currently sitting at $300 million. Despite the difficulties posed by the turbulent state of the market, TRON’s upward trajectory remains intact and once the market regroups, a new surge could propel TRON above the 2017 all-time high of $0.23.

Recently, TRON has partnered with Tether and TRM Labs to create the T3 Financial Crime Unit,  to combat rising USDT-linked illicit activities on the TRON blockchain.

Aptos Is Consolidating On Higher Levels

Aptos is selling for $6.28 with a 1.8% intraday increase. Since the start of the March correction, Aptos has seen nothing but downside, with a total 65% decrease from the $18.09 top. Aptos has been ranging between $4.70 and $7 for the past three months, and with September being a traditionally slow month, analysts expect Aptos to show signs of life again in October.

However, an 11.31 million Aptos token unlock is scheduled for September 11, which could lead to increased selling pressure, resulting in further price declines. Analysts advise caution when navigating sudden supply inflations, as the results are often unpredictable.

Rollblock Is Spearheading The GambleFi Revolution

DeFi casino Rollblock separates itself from the competition by addressing the issues that have been sabotaging the online casino sphere for years: the lack of transparency, trust, and safety. 

Built on the Ethereum blockchain and leveraging its proven security methods, Rollblock ensures quick, easily traceable transactions while making it impossible to alter bets once placed.

No KYC is required to start enjoying one of the 7000+ games. Individuals just need to connect with their wallet to access all of Rollblock’s features. Sports betting will also be introduced soon.

The casino is fully licensed and its revenue is growing exponentially. The casino will use a portion of the weekly profits to fund the novel revenue-sharing model. This amount is then split, with the first half being redistributed to users as recurring staking rewards. The remaining half is fed into the automated burn mechanism.

Analysts expect a 100x multiplier when the crypto gambling narrative gains traction. At press time, Rollblock sells for just $0.025, and an 800% increase is expected by the end of the presale alone. Investors who take action now are in for incredible gains when the bull market is in full swing!

Discover the Exciting Opportunities of 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.

Binance Labs has made a new investment in the RWA (Real-World Asset) platform OpenEden, to build a bridge towards a new financial system. With the obtained investment, the platform intends to expand access to yields guaranteed by RWA throughout the DeFi ecosystem. 

Binance Labs and the investment in OpenEden to promote the growth of RWA in Decentralized Finance

Binance Labs, the VC and incubation arm of Binance, has invested in the RWA platform of OpenEden to build a bridge towards a new financial system.

1/ We are delighted to announce @BinanceLabs strategic investment into @OpenEden_Labs!

The move marks Binance Labs’ first investment into the rapidly growing tokenized real-world assets, or “RWA” space.

Presently, OpenEden has just under $115 million in total value locked, or… pic.twitter.com/Ec8NcNq0nN

— OpenEden (@OpenEden_Labs) September 12, 2024

“We are pleased to announce @BinanceLabs’ strategic investment in @OpenEden_Labs!

The move marks the first investment by Binance Labs in the rapidly growing space of tokenized real-world assets, or “RWA”. Currently, OpenEden has just under 115 million dollars in total value locked, or “TVL” for our TBILL tokens, up from just over 11 million dollars at the beginning of the year…”

The amount of the investment has not been disclosed. What is known is that, with the obtained funding, OpenEden intends to expand access to yields guaranteed by RWA throughout the DeFi ecosystem.

Specifically, OpenEden is a group composed of a licensed fund management company in Singapore and a full-stack tokenization technology company.

The first product of OpenEden is a tokenized US fund, the T-Bill, which, last month, reached over 100 million dollars in TVL for its tokenized TBILL. 

In practice, OpenEden allows investors, DAOs, and cryptocurrency treasury managers with KYC to connect their self-custody wallets and collect TBILL tokens. In this way, they will be able to earn a yield on inactive working capital in stablecoins. 

The internal management of the platform of the entire tokenization stack results in greater operational efficiency and higher net returns for token holders. To date, OpenEden has welcomed over 100 institutional clients.

Binance Labs and OpenEden: the RWA platform, TBILL token, and a new way of doing finance

With the new investment from Binance Labs, OpenEden aims at introducing new products, creating channel partnerships, and exploring emerging markets.

In this regard, Andy Chang, Investment Director at Binance Labs, stated: 

“Binance Labs provides unconditional support to projects that are unlocking the next wave of opportunities in Web3 through meaningful and sustainable technologies. We believe that OpenEden is well-positioned to capitalize on the growing adoption of stablecoin and RWA and we are excited to join them on this journey”

With the increase in demand for tokenized RWA, T-Bills have emerged as the preferred choice by issuers. 

According to the blockchain analysis company Messari, the total value locked in RWA has grown exponentially in the past year, reaching 8 billion dollars.

The tokenization of US Treasury bonds on the ‘XRP Ledger

At the beginning of August, OpenEden had announced the tokenization of US Treasury bonds on Ripple’s XRP Ledger (XRPL). 

Ripple has allocated a whopping 10 million dollars in the TBILL token of OpenEden, which, for this project, has represented a form of crypto exposure towards US bonds. 

This new announcement also represents a revelation in the OpenEden house, as up to this moment, the Vault TBILL was available only for the Ethereum and Arbitrum blockchains. 

GambleFi coins are in high demand and expected to be among the top-performing cryptocurrencies in the next bull run. 

Market leader Rollbit Coin (RLB) is leading the bullish wave in the sector and is up by over 60% in the past month. This is despite the 6% correction in its price over the past day. 

Experts are confident that the top GambleFi coin will continue its bullish trajectory in the coming weeks and could hit $0.20 in October. 

Crypto whales are also buying low-cap gems in the sector, including a new presale cryptocurrency Memebet Token which has raised over $200k in funding in just under two days. 

Rollbit Coin Price Prediction – How High Can RLB Go In October?

This article was paid for*

GambleFi coins deserve strong consideration as some of the best cryptocurrencies to buy for the next bull run. 

There is a reason why the RLB price has soared by over 60% in the past 30 days after being sidelined for most of the year. 

Indeed, experts are extremely bullish on Rollbit Coin. 

Popular crypto trader Ansem (@blknoiz06) believes that RLB is still heavily undervalued. He highlights that Rollbit saw a yearly revenue of nearly $600 million and is trading at a market cap of just $270 million. 

In comparison, AAVE sees an annualized revenue of nearly $40 million and yet trades at a fully diluted market cap of just $2 billion. 

$RLB @ ~$240M market cap now, first daily close over 200Day moving average in nine months & CT still heavily under indexing on this

in comparison $AAVE makes about ~$40M annualized and trades at $2B market cap fully diluted https://t.co/CCCWl13GNy pic.twitter.com/hrnVRycvbH

— Ansem (@blknoiz06) September 10, 2024

Ansem also highlights RLB’s strong technicals, considering that the token is now trading above 200-day Simple Moving Average for the first time in nearly 9 months. 

Similarly, popular crypto analyst ‘Crypto_y_tho .2.0.’ is bullish on Rollbit Coin’s upside potential and expects it to hit $0.18 in the coming weeks, at which point he will look to offload nearly half of his RLB holdings. 

Higher for $RLB. Listing or 0.18 I sell half pic.twitter.com/uFE3XRmk0p

— Crypto_y_tho .2.0. (@BTC_y_tho) September 11, 2024

In fact, this is one of the more conservative Rollbit Coin price predictions. Popular trader Cevo (@cryptocevo) expects the token to hit $1 to $3 in the next bull run. 

It took some time but $RLB gave us a 2x again. This is just the beginning

Expecting $1-3 https://t.co/njqTUKkcUa

— cevo (@cryptocevo) September 11, 2024

Rollbit Coin should also benefit from the start of the NFL and the upcoming NBA season. Premier League and Major League Baseball are already underway and could result in a strong uptick in the casino’s revenue. 

The US Federal Reserve is also set to cut its interest rates in the coming months, another decidedly bullish development for the cryptocurrency market and RLB. 

Whales Stack Memebet Token – Best GambleFi Token To Buy?

Crypto assets within the same sector show a strong degree of correlation in their price action. For instance, RLB’s bullish trajectory over the past month has also led to a bounce in Shuffle, WINR and TG.Casino. 

Whales are now stacking another low-cap gem – Memebet Token (MEMEBET). It is the native cryptocurrency of Memebet Casino, the first-ever meme coin-based casino. 

For instance, a whale purchased nearly $50k worth of MEMEBET just today on Thursday. Behind such heavy buys, the Memebet Token has raised over $200k in presale funding, indicating strong investors confidence. 

Experts are viewing Memebet Casino as a major player in the online gambling space, thanks to its integration of top meme coins like Dogecoin, Shiba Inu and Pepe. Furthermore, players can play in the casino on Telegram, with no hassle of any KYC. 

There is a reason why Memebet Casino has already secured landmark partnerships, such as being the Regional Sponsor for the Argentina National Football Team. 

Furthermore, investors are also impressed by the plethora of monetary perks in store for the MEMEBET holders, including P2E airdrops, exclusive bonuses and Lootboxes. 

It is therefore no surprise that analysts are bullish on MEMEBET’s upside potential, with some calling it the next 100x crypto due to its low-cap status. 

Read our full $MEMEBET token review here.

Visit Memebet Token Presale

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