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Banking giants JPMorgan Chase & Citigroup face their largest influx of deposits in over a decade.
#jpmorgan #BTC #bank #SVB

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🔥💥ApeCoin DAO Votes on $3.6 Million APE-themed Hotel in Bangkok The #ApeCoin community is voting on a proposal to build an APE-themed hotel in Bangkok, Thailand.This follows a series of developments within the broader Bored Ape Yacht Club (BAYC) community aimed at expanding the APE ecosystem.ApeCoin DAO Considers Hotel Launch After Layer-2 Network Rollout On July 19, the ApeCoin DAO began voting on ApeCoin Improvement Proposal 448 (AIP-448), dubbed the ApeCoin Hotel. The proposal seeks 410,000 $APE tokens, equivalent to $3.6 million, to build an APE-themed hotel in Bangkok. According to the proposal, this move will enhance the BAYC IP exposure, increase ApeCoin’s visibility and utility, and generate revenue for the ApeCoin DAO. “50% of the revenues from themed rooms will be received by ApeCoin DAO for one year once these rooms are completed. DAO will receive revenue from all themed rooms, including APE, BAYC, Otherside, Apechain, Mocaverse. Funds will be returned to the DAO Treasury on a quarterly basis,” the proposal stated The proposal has generated mixed reactions within the crypto community. Zach Burks, founder of NFT marketplace Mintable, criticized the idea, while the broader APE community appears to support it. “Lived in Bangkok for 2 years. Way too many hostels and hotels, most go out of business, especially given prices are so cheap and competitive, and the Thai goverment has been struggling to get tourism numbers back up,” Burks opined. Despite these concerns, around 5 million APE tokens have been cast as votes, with 4.6 million tokens (92% of the total) in support of the proposal. Notably, a single address, 0xC602, is responsible for 67% of the yes votes, contributing 3.1 million APE tokens. This development follows the July 16 launch of the ApeChain testnet by the ApeCoin DAO. Earlier this year, the APE community approved the launch of a layer-2 network on the Arbitrum network. The network will use the APE token as both gas and governance tokens. #APE #binance #Bangkok

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😱🚀🚀Top 2 Altcoins with big breakout potential 1. Chainlink (#LINK ): A chain of decentralized oracle networks, supplying secure and reliable data feeds for smart contracts. Smart contracts are self-executing contracts on blockchains; however, most of the time, they are in dire need of access to external sources of data. $LINK solves this chasm by providing a secure way for smart contracts to access off-chain data. Why consider it? Smart contracts can disrupt a lot of industries, but the need for reliable external data will act as a stumbling block. In that sense, Chainlink contributes to a decentralized oracle network; hence, it will make a high difference in smart contract applications. DeFi and blockchain tech are only going to get much bigger in the future. In a couple of years, when people will realize that they need secure and reliable oracles, Chainlink will be used largely. 2. Filecoin (#FIL ): Filecoin is a decentralized storage network oriented to provide an appropriately secure and reliable substitute for traditional, centralized cloud storage providers by storing data in a network of computers dispersedly. Why consider it? Many concerns are rising regarding personal data privacy and censorship issues, which increases interest in decentralized storage solutions. $FIL is a secure, resistant avenue of data storage controlled by users themselves. Provided that the amount of data produced, rapidly growing globally, need secure and trusted solutions for storage, then if Filecoin were to capture a large enough share of cloud storage, this would imply an immense upside in its value. #altcoins #binance

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😱🚀🚀2 Altcoins with big breakout potential 🔥 1. Cosmos (#ATOM ) $ATOM will stand out as an integrated blockchain network that will help answer the basic problems in the blockchain ecosystem and unify problems that arise between scalability and interoperability. It will make different blockchain messages sharing with one another seamlessly and share data accordingly. Why consider it? Imagine a future where a multitude of blockchains like Ethereum and Solana could interoperate and share data. Cosmos has aspirations to be the base for that connected future. It brings especially unique architecture in the form of the so-named Cosmos SDK that enables developers to easily make custom blockchains that are in a position to plug into the Cosmos Hub, facilitating interoperability. With DeFi, decentralized finance, and the need to communicate seamlessly between blockchains, Cosmos would be well-positioned. Higher adoption of the Cosmos SDK by developers and further integration with other DeFi protocols may cause huge growth. 2. Polkadot (#DOT ): Similar to Cosmos, Polkadot tackles the problems of poor scalability and poor interoperability. The architecture contains the central relay chain—Polkadot chain—and multiple parachains, subordinate blockchains application-unique. Why consider it? Polkadot allows developers to create custom-made parachains for any use case without taking into consideration the limitations of their scalability—this means their functionality will be enormously huge. Then these parachains connect to Polkadot's relay chain for security and to gain interaction. Specialized blockchains can offer evident benefits in scalability and security, attracting a huge set of developers. Increased adoption of parachains and their integration with other blockchain ecosystems may power bu $DOT 's value. #altcoins #binance

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😱🚀🚀Check out these AI tokens for a Big Boost in This Crypto Bull Run Artificial Superintelligence Alliance (#FET ) Price Action: The $FET price has recorded a jump of 3.26% within the past day and 23.36% over the past seven days. Furthermore, despite recording a drop of 12.36% over the past 30 days, it has recorded a YTD return of 112.37%, highlighting a long-term bullish sentiment The technical indicators RSI and MACD have displayed a constant rise in the bullish sentiment, highlighting increased buying-over-selling pressure for the altcoin in the cryptocurrency market. If the market continues to gain momentum, the Artificial Superintelligence Alliance price will prepare to test its upper resistance level of $2.230. Conversely, if the bears regain momentum, the FET coin price will plunge toward its low of $1.050. Lumerin (#LMR ): Amid increased price volatility in the crypto space, the LMR price has surged 23.87% within the past day with a trading volume of $326,710, a change of +246.36%. Furthermore, it has gained 165.92% within the past seven days and 50.62% over the past month The Moving Average Convergence Divergence (MACD) has recorded a constant rise in its green histogram since the month started with its averages showing a steady rise. This highlights a positive outlook for the altcoin during the upcoming weeks. If the bulls hold the Lumerin price above its important support level of $0.02610, it will head toward its upper level of $0.04320. Negatively, a trend reversal could pull the LMR price toward its crucial support level of $0.00975 in the coming time. #binance #altcoins #AI

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