#Hamstercombo #HamsterTapTap #HamsterCombatCoin
Hamster Kombat Faces Criticism in Iran

Iran Criticizes Tap-to-Earn Game Hamster Kombat
According to the Associated Press, Iranian officials are vehemently opposing the Tap-to-Earn game Hamster Kombat. The Deputy Commander of the Iranian Armed Forces, Habibollah Sayyari, has criticized the game, labeling it as a “soft power” tool used by the West to distract the public from the upcoming presidential election.

Soft Power, a concept first introduced in 1990, describes the ability to achieve desired outcomes through influence and persuasion rather than by force. These criticisms arise amidst a surge of Iranian citizens flocking to Hamster Kombat to earn money in the face of “hyperinflation” and with the presidential election on June 28 approaching rapidly.

The state-run news agency JameJam echoed the government’s stance, warning that the game embodies the perilous trend of “earning without effort,” or seeking wealth without working for it.

“A society that turns to games like these, seeking quick fortunes instead of working hard and striving for success, will see its culture of effort and entrepreneurship diminish,” the news agency stated.

The controversy has also caught the attention of Iran’s religious leader, Ayatollah Nasser Makarem Shirazi, who condemned cryptocurrencies as “the source of much abuse” and urged people to avoid Bitcoin-related games like Hamster Kombat.

It’s not hard to understand why Hamster Kombat has become so popular among Iranians. With Western sanctions, high inflation, and widespread unemployment, many Iranians are struggling to make ends meet. A significant number have turned to cryptocurrencies and are beginning to explore Central Bank Digital Currencies (CBDCs). Hamster Kombat is seen by many as a “lifeline.”

$BTC #BTC☀
Experts Predict Bitcoin Could Fall to $50,000

According to cryptocurrency analyst Markus Thielen, Bitcoin’s failure to break above the $72,000 mark has led to the formation of a “double-top” price pattern, potentially pushing the price down further to the $50,000 level.

In an analysis note on June 24, Thielen, founder of 10x Research.

A double-top pattern forms when the price reaches two similar peaks with a slight dip in between. This pattern typically completes when the price breaks below the “neckline,” potentially leading to a further decline equal to the distance between the peaks and the neckline.

Thielen also pointed out that double-top patterns often lead to significant losses for retail investors, with many altcoins experiencing substantial drops during this period.

While events like the upcoming U.S. elections and the Consumer Price Index (CPI) could have positive impacts later this year, Thielen cautioned that Bitcoin could still face a “sharp correction” in the short term.

After Bitcoin’s halving event on April 20, where the miner’s reward was cut from 6.25 BTC to 3.125 BTC, many prominent cryptocurrency traders are speculating about Bitcoin’s price.

Trader Jelle noted that Bitcoin’s price action is still playing out “similarly” to the post-halving cycle in 2016 and is “trading around previous cycle highs.”

$BTC #ETHETFsApproved

Australia Lists Its First Spot Bitcoin ETF

The Australian Securities Exchange (ASX) listed the VanEck Bitcoin Exchange Traded Fund (ETF) on Thursday, marking it as the platform’s first spot bitcoin ETF.

According to VanEck’s website, the VanEck Bitcoin ETF, trading under the ticker VBTC, had net assets totaling approximately AUD 982,850 (USD 655,560) as of Wednesday. VBTC serves as a feeder fund, enabling investors to gain exposure to bitcoin by investing in the VanEck Bitcoin Trust (HODL) listed in the United States.

“While Bitcoin can be traded through cryptocurrency exchanges, gaining exposure to Bitcoin through an ETF on an exchange like ASX allows you to buy and sell these units via a traditional brokerage account, simplifying the process and broadening access for more Australians,” said Andrew Campion, ASX’s General Manager of Investment Products and Strategy, in a statement.

ASX is Australia’s premier stock exchange, handling about 80% of local trades. As of May, ASX had a domestic market capitalization of USD 2.6 trillion, according to its website.

Earlier this year, it was reported that ASX was preparing to list its first bitcoin ETF, noting that several issuers besides VanEck had filed applications. This list includes local issuers BetaShares and DigitalX.

$ETH #ETHETFsApproved
Ethereum Price Rises Slightly After SEC Concludes Investigation

The U.S. Securities and Exchange Commission (SEC) is reportedly concluding its investigation into Ethereum 2.0 and ConsenSys, the company behind the MetaMask wallet. In response to this update, ConsenSys announced it had “survived the SEC,” marking a significant victory for ETH developers.

“Ethereum has prevailed over the SEC. Today, we are thrilled to announce a major victory for Ethereum developers, technology providers, and industry participants: the SEC’s Enforcement Division has informed us that they are closing their investigation into Ethereum 2.0.”
Ethereum 2.0 refers to the post-Merge era, when the network transitioned from Proof of Work (PoW) to Proof of Stake (PoS). Clarifying the update’s implications for ETH sold after the Merge, the company added: “This means the SEC will not allege that the sale of ETH constitutes a securities transaction.”

#Chainlink's #ChainlinkUpdate
What is Chainlink? Information about LINK Token
Chainlink is a decentralized Oracle network founded by Sergey Nazarov in 2017. Initially operating on the Ethereum blockchain, its primary function is to bridge the gap between smart contracts and external data sources, ensuring secure access to off-chain information for these contracts.
However, with the introduction of innovative products like the Verifiable Random Function (VRF), Automations, and the Cross-Chain Interoperability Protocol (CCIP), Chainlink has significantly expanded its capabilities beyond being a mere Oracle provider.

What Problems Does Chainlink Solve?

Smart contracts on the blockchain have a critical limitation: they need off-chain data to function effectively but cannot directly access this data due to the isolated nature of blockchain environments. This limitation significantly constrains their real-world applications.
To bring data onto the blockchain, the most common solution is through an Oracle—a middleware that fetches data from the outside world and brings it into the blockchain. However, relying on a single centralized Oracle poses the “Oracle problem,” where the smart contract’s outcome could be compromised or manipulated by that Oracle.

Chainlink addresses these challenges by constructing a sophisticated system comprising both on-chain and off-chain components:

On-Chain: This includes smart contracts and Oracles that handle user data requests.
Off-Chain: These are Oracle nodes operating outside the blockchain, connected to the Ethereum network. These nodes gather and process off-chain data before transmitting it on-chain via the Chainlink Core software.
Off-chain Oracle nodes are incentivized through the receipt of LINK tokens for their data collection and transmission services.

$Taiko #TaikoProtocol #TaikoKatlaTestnet
What is Taiko? Information about TAIKO Token

Taiko is a Layer 2 project utilizing zkEVM technology. zkEVM combines Zero-Knowledge Proof (ZK) and Ethereum Virtual Machine (EVM), allowing developers to easily migrate decentralized applications (dApps) between the Taiko network and Ethereum.

The project aims to become a Type 1 zkEVM – fully compatible with Ethereum at the consensus level. These Type 1 zkEVM solutions retain Ethereum’s security characteristics but have slower transaction speeds compared to Type 2 and Type 3 zkEVM solutions.

$Notably, Taiko has been praised by Vitalik Buterin (Ethereum founder) as an “excellent project” with EVM compatibility faster than ZKP – a cryptographic technology that verifies the authenticity of information without revealing the information itself.

$NOT
Will Notcoin Challenge Its All-Time High Again?
Notcoin dropped over 10% in the past 24 hours. However, a bullish pattern has emerged on NOT's chart, indicating a potential price increase.

Notcoin [NOT] generated significant market buzz even before its launch. However, its debut was disappointing as its price quickly plummeted. Despite this, a potential turnaround could be on the horizon as a bullish pattern has emerged on the token’s price chart.

Notcoin’s Potential Revival
Notcoin was highly anticipated before its launch, but it failed to meet investors’ expectations as its price dropped significantly. Recently, however, the token gained bullish momentum, surging over 40% within a week.

This positive trend was short-lived, as the altcoin depreciated by over 10% in the last 24 hours. At the time of writing, NOT was trading at $0.0203 with a market capitalization exceeding $2 billion. The price drop negatively affected the token’s social metrics, with social volume decreasing and weighted sentiment remaining in the negative zone, indicating that bearish sentiments still dominate Notcoin’s market.

Nevertheless, this setback might be temporary, as a bullish pattern has appeared on NOT’s price chart. Captain Faibik, a well-known crypto analyst, recently tweeted that NOT appears to be on the verge of breaking out of this bullish pattern.

NOT has been consolidating within a bullish pattern over the last few days, and a successful breakout could potentially lead to a 67% price increase. This surge might enable the token to retest its all-time high in the near future.
#Notcoinnews #Notcoin👀🔥

$IO
CEO of io.net Ahmad Shadid Resigns Following Token Launch

Ahmad Shadid, the CEO of io.net, decided to step down two days after the project's token was listed on Binance Launchpool on June 6, 2024.
Ahmad Shadid, the CEO of io.net, has stepped down just days before the project’s token is set to be launched on Binance Launchpool. This unexpected move comes amid a wave of criticism regarding Shadid’s past leadership. In his statement, Shadid wrote:

"Despite the allegations related to my past, I want to emphasize that my decision to resign is to ensure that io.net can focus on its growth and success without any distractions"

Shadid also pledged to contribute one million io.net tokens from his personal funds to the company’s GPU Internet Fund to support the ecosystem’s development.#IOprediction #CEOIO

#FET $FET
What is Fetch.ai?
Information about FET Token
Fetch.AI is a pioneering blockchain project that seamlessly integrates Artificial Intelligence (AI), Machine Learning (ML), and blockchain technology. Established in 2017 and officially launched in February 2019 through an Initial Exchange Offering (IEO) on Binance Launchpad, Fetch.AI (FET) has created a digital ecosystem where data, hardware, services, people, and infrastructure can collaborate efficiently.
Fetch.AI is not just a protocol but a decentralized digital network where users and marketplaces can interact intelligently. The goal of Fetch.AI is to combine powerful technologies like machine learning, artificial intelligence, multi-agent systems, and distributed ledger technology to build a new digital economy on the Internet.l

$BONK
What is Bonk Toekn?
Bonk is the first “cat and dog” themed memecoin project on the Solana blockchain, with a mission to support the community and attract users back to the platform. Launched in late 2022, Bonk emerged as a beacon of hope amid the challenges faced by the Solana ecosystem following the collapse of FTX and Alameda Research, which had significantly eroded investor confidence.
Recognizing the difficulties Solana had to overcome, the Bonk development team implemented strategies to rekindle community interest. A notable initiative was their airdrop program, designed with simple conditions like early trading or owning NFTs on Solana.

This led to a positive effect early in 2023, as Solana experienced a surge in trading volume. Liquidity pools on Solana saw over $20 million in transactions from BONK-related token pairs, generating thousands of dollars in trading fees.