Two former FTX executives, Nishad Singh and Gary Wang, will be sentenced in New York this fall. Singh, a former Director of Engineering, pleaded guilty to four federal charges in February 2023, testifying that Alameda Research took billions from FTX under Bankman-Fried’s orders.
Wang, a former Chief Technology Officer, pleaded guilty to fraud and conspiracy in December 2022, testifying against Bankman-Fried. He revealed he gave Alameda Research special advantages, leading to an $8 billion shortfall that contributed to FTX’s collapse in 2022.
This update comes six weeks after Ryan Salame, another former FTX associate, was sentenced to 7.5 years in prison for campaign finance violations and operating an unlicensed money-transmitting business.
Salame’s minimal cooperation led to a harsher sentence, while Singh and Wang’s extensive cooperation is expected to result in more lenient sentences, although they still face significant prison time.
Similar to Singh and Wang, Caroline Ellison, former CEO of Alameda Research, has not yet been scheduled for sentencing. Her cooperation and testimony against Bankman-Fried will likely influence her sentencing, similar to Singh and Wang.
The sentencing of these former executives is a key moment in the fallout from FTX’s collapse, as their cooperation has been vital in revealing the complexities of the fraud led by Bankman-Fried.
Bankman-Fried family is also embroiled in a $100 million financial scandal, which revolves around the misuse of commercial assets of the exchange for the purpose of making political contributions.

Shiba Inu meme coin has been secretly led by its founder, Ryoshi, and current Lead Developer, Shytoshi Kusama. Kusama has hinted that he might step down, as part of future plans for the Shiba Inu community.
The project is planning a tour to several locations, starting in Kyoto, Japan, called the “Treat Yourself” tour, which is linked to the upcoming TREAT token launch. The tour is part of broader efforts to realize Ryoshi’s vision for Shiba Inu.
Another key development is introducing fully homomorphic encryption for SHIB holders through the Zama AI encryption system, aiming to improve security and privacy in SHIB transactions. The team will also host “SHIBACON 2024” in Thailand, marking Kusama’s eventual withdrawal from leadership.
Ryoshi stayed anonymous despite Shiba Inu’s popularity, deleting all social media and online history to maintain anonymity. This parallel adds intrigue to Shiba Inu’s leadership changes and highlights the project’s focus on decentralization.
Kusama’s hinted departure aims to ensure Shiba Inu remains decentralized and leaderless, empowering the community to lead the project forward, aligning with the vision of a self-sustaining ecosystem that thrives independently.

Tron founder Justin Sun has announced the development of a system to enable gas-free peer-to-peer (P2P) stablecoin transfers. This feature will cover the cost of transfers by the stablecoins themselves, eliminating gas fees for users.
The feature will first be implemented on the Tron blockchain, with future support planned for Ethereum and all Ethereum Virtual Machine (EVM) compatible networks. Sun expects the launch in the fourth quarter of 2024.
According to blockchain analytics firm Artemis, Tron has seen consistent growth in all stablecoin metrics, with its circulating supply reaching an all-time high of $60 billion. Tron leads in P2P stablecoin transfers, surpassing Ethereum by two to three times. This data suggests Tron is facilitating more payments and money transfers than decentralized finance (DeFi) activities.
Tron’s innovation in gasless transfers could challenge PayPal’s stablecoin PYUSD, which allows free cross-border stablecoin transfers for certain U.S. users.
Another competitor could be Circle’s USD Coin (USDC), the second-largest stablecoin after Tether (USDT). USDC transfers are already gasless on Ethereum layer 2 blockchain Base, developed by Circle, and can be conducted using the Coinbase wallet.
Tron is also considering developing a Bitcoin layer 2 network to support a wrapped version of Tether, potentially bringing millions of dollars into the Bitcoin ecosystem. Sun’s announcement follows the recent decision by Circle and Binance to stop supporting USDC on the Tron network.
The potential of gasless stablecoin transfers on the Tron network aligns with the broader trend of reducing transaction costs in the crypto space. By making transactions cheaper and more efficient, it could encourage more businesses to integrate blockchain into their operations, driving further innovation and growth in the sector.

Dr. Craig Wright has been subjected to a Worldwide Freezing Order (WFO) by the UK High Court, which prohibits him from transferring his assets until he settles his outstanding legal expenses of £1.548 million owed to Peter McCormack.
The WFO originates from a defamation lawsuit in which Wright, who asserted to be the founder of Bitcoin, was shown to have provided false testimony. The controversy originated in 2022 when Wright initiated legal proceedings against McCormack, a host of a crypto podcast, on the grounds of defamation.
Wright accused McCormack of defaming him through social media posts and YouTube videos, where he was accused of making false claims about being Satoshi Nakamoto, the founder of Bitcoin.
The court first recognized that McCormack’s words caused harm to Wright’s reputation, but granted him a mere £1 in nominal damages as a result of Wright’s deceitful conduct, which included the use of counterfeit evidence.
The court mandated that Wright compensate McCormack with a sum of £1.548 million ($1.9 million) to account for legal expenses. The court claimed that the lawsuit should not have been undertaken, as it was founded on falsehoods and counterfeit records. The establishment of the WFO (Worldwide Fund for Orphans) is a momentous triumph for McCormack and the crypto community.
This achievement is particularly noteworthy considering Wright’s contentious reputation and his tendency to litigate against anybody who dispute his assertion of being Satoshi Nakamoto. This case highlights the significance of integrity in judicial proceedings, particularly in high-stakes defamation claims involving prominent individuals in the cryptocurrency industry.

Bitcoin miners are struggling with increasing production expenses and unpredictable Bitcoin prices, which hinders their ability to generate profits. The mean expense of extracting a single Bitcoin amounted to $83,668, however, it experienced a marginal decline to approximately $72,000 by July 2nd.
The exorbitant expenses associated with mining have posed a significant challenge for numerous miners to maintain profitability, particularly given the fact that Bitcoin prices are in close proximity to these production costs.
According to CoinShares data, the price of Bitcoin was close to the average cost of production during the April halving event. Out of the 14 miners, half of them had expenses that were higher than the average.
F2Pool has verified that only ASIC computers with an efficiency of over 23 W/T were generating profits as of July 4th. In order to generate profit, other machines required Bitcoin prices to exceed $51,456. On July 5, there was a significant decrease in mining difficulty.
This could potentially increase the profitability of additional machines, specifically ASICs with a unit power of 26 W/T or below. It is anticipated that these machines would become viable if the price of Bitcoin reaches $54,000.
According to recent estimates, Bitcoin miners are approaching levels of surrender, where they are shutting down machines that are not making a profit and selling around 30,000 BTC, which is worth $2 billion, in the previous month.
According to Con Kolivas from Solo CKPool, miners who are not making enough profit are either shutting down unproductive computers or exiting the sector. A considerable number of miners persisted for a longer duration than anticipated, with the anticipation of a substantial price surge that would offset their expenses.
The Bitcoin mining sector is confronted with significant economic obstacles as a result of exorbitant production expenses and unpredictable Bitcoin pricing.

Bitcoin (BTC) has experienced a substantial increase in value, reaching the $56,500 range, indicating a notable rebound in the worldwide cryptocurrency market. The upward trend in the market has had a beneficial effect on almost all crypto, resulting in significant gains across the whole spectrum.
Dogecoin (DOGE) and Shiba Inu (SHIB) have had substantial recoveries following an extended period of decline. DOGE, which experienced a 23% decrease on July 5th, has currently rebounded by 12%, reaching the $0.1097 level once again.
DOGE is now being traded at a price of $0.1091. It has a market capitalization of over $15 billion, which accounts for 0.79% of the total global cryptocurrency market. Nevertheless, the daily trading volume of the asset has experienced over 40% decline, reaching a value of $1 billion.
The hourly chart for DOGE shows a bullish pattern in the simple moving average (SMA) trend, assuming the momentum persists. Shiba Inu token has had a significant increase, with its value jumping by 16.2% from $0.00001355 to $0.00001572.
Additionally, its market capitalization has grown by over 15% to reach over $9 billion. Nevertheless, the daily trading volume of SHIB has experienced a 28% decline, currently amounting to $368 million.

Cryptocurrency analyst Jason Pizzino warns that Bitcoin (BTC) is at risk of falling further if a major support level collapses. Pizzino believes that the Bitcoin support level at around $44,600 must hold to avoid a collapse that could see the flagship crypto asset revisiting prices last recorded in early 2023.
If the level falls below $44,600, it is likely to be close to a curse, with prices under $40,000. If it goes to $40,000 and closes under there, the cycle is over, and Bitcoin may test the $30,000s and $20,000s.
However, Pizzino believes that Bitcoin could still resume an uptrend if it stays above the bull market support level. He shares a chart suggesting that BTC may move back above $60,000 by November of this year.
Also, Robert Kiyosaki, a renowned finance author, predicts that Bitcoin (BTC) will experience its biggest crash yet before enjoying a long-term bull cycle. Kiyosaki believes that after the crash, investors will be rewarded with a multi-year bull market cycle, starting in late 2025 and raising prices for years.
He believes that after assets crash, precious metals and stores of value, such as gold, silver, and BTC, will dominate and hit new all-time highs as fiat currency value continues to dwindle.
Kiyosaki believes that this long-cycle bull market is coming because faith and confidence in fake money is dissolving, and history will repeat, as seen with Germany’s Reichsmark and the Zimbabwe dollar.
He believes that after the crash, gold, silver, and Bitcoin will once again begin climbing to hit all-time highs, with gold potentially at $15,000 an ounce, silver at $110.00 an ounce, and Bitcoin at $10 million per coin.

Tangem AG, a global provider of secure hardware wallet solutions, has partnered with Visa to create an innovative self-custodial payment solution for hardware wallets. The partnership allows Tangem users to make seamless payments using their crypto or stablecoin balance at Visa-accepting merchant locations.
The technology will be accessible via a Tangem Visa card across Europe and will also be made available to other issuers for their own customers. Tangem’s card embeds a private key within the chip and requires the physical card’s use in every transaction, ensuring users maintain exclusive control over their assets.
Visa’s Vice President, Head of Crypto, Cuy Sheffield, expressed excitement about the partnership and its potential to drive the creation of next-gen payment solutions.
Tangem co-founder and CEO, Andrey Kurennykh, expressed delight at the partnership, stating that users will get a two-in-one solution – the convenience of a regular bank card and the capabilities of a self-custodial crypto wallet, all in one card.

ONDO crypto is currently holding just above the $1.08 support level, having tested this point three times in the last two weeks. Whales have been selling off large amounts of ONDO, with over $141 million worth sold in a single day.
However, retail investors are helping to stabilize the price by holding onto their tokens. Retail investors, focused on holding (HODLing) rather than selling, have increased their mid-term holdings, with the percentage of mid-term holders rising from 34% to 72%.
This shift in investor behavior has helped ONDO stay above the critical support level, leading to a period of price consolidation. Over the last two weeks, ONDO has consistently tested but not fallen below the $1.07 support level. Retail investors’ support suggests that ONDO’s price might remain stable and possibly rebound from this level.
However, the risk of a price drop persists if whales continue to sell. A further sell-off could push ONDO below the $1.07 support line, leading to a significant decline in its price. If this support is broken, ONDO could fall below $1.00, challenging the current bullish outlook.
Retail investors’ ongoing support is crucial for ONDO’s price stability, as their decision to hold rather than sell has prevented a more severe price drop and increased the number of mid-term holders. The dominance of mid-term holders indicates that these investors are willing to hold onto their assets despite short-term market fluctuations.

As the market correction impacts major players, Stacks (STX) is surging while TRON outperforms Shiba Inu. Amid these developments, BlockDAG has become a top choice for investors. Its stellar presale, surpassing $55.4 million, highlights its potential as the highest ROI crypto. BlockDAG’s advanced crypto miners are driving its growth, promising returns up to 30,000x. This article compares Stacks, TRON, and BlockDAG, analyzing which offers the best investment potential.
Stacks (STX) Surges with New Integrations
Stacks (STX) surges, climbing 18.3% in the past 24 hours after integrating with the Pyth Network and launching the Pyth Oracle. This recent performance highlights Stacks’ commitment to enhancing Bitcoin by adding smart contracts and decentralized applications on its layer. Launched in January 2018, Stacks uses the Proof of Transfer consensus mechanism, settling all transactions on Bitcoin.

The recent integration with Pyth provides over 300 real-time price feeds, aimed at boosting DeFi applications on Stacks. Pyth’s low-latency pull oracle design offers real-time data across 30 blockchains, now live on both testnet and mainnet for developers. This strategic move positions Stacks as a significant player in the DeFi space, attracting developers and investors alike.
TRON vs Shiba Inu: TRX Climbs the Ranks
TRON (TRX) has recently overtaken Shiba Inu (SHIB), securing a higher market position. With a market capitalization of $10.59 million, TRON outperforms SHIB by 3.7%. The TRON token operates on the TRC-20 network, which sees significant turnover of the popular stablecoin USDT. This shift demonstrates TRON’s increasing influence in the crypto space.

TRON’s rise can be linked to its founder, Justin Sun, who has been actively buying Ethereum. In the past few days, Sun acquired 3,967 ETH, worth nearly $50 million, boosting TRON’s market dynamics. Additionally, an address linked to Sun withdrew another 1,449 ETH from Binance. The strategic actions of its founder are positioning TRON as a strong competitor, outperforming rivals like Shiba Inu.
BlockDAG: The High ROI Crypto Opportunity
BlockDAG’s presale has seen impressive growth, with its price surging from $0.001 to $0.014, marking a 1300% increase. This presale has raised over $55.4 million, reflecting strong investor interest. A key factor in BlockDAG’s potential to become the highest ROI crypto is its advanced mining rigs, which promise substantial returns for investors.

The X10 miner is an efficient, home-friendly device with a compact size similar to a Wi-Fi extender. It offers a hash rate of 100 MH/s and can potentially mine 200 BDAG daily while operating quietly at 40 watts. This plug-and-play unit, supporting both Wi-Fi and Ethernet connections, is optimized for BlockDAG mining using advanced ASIC technology.
For more demanding users, the X30 miner provides a significant upgrade with a 280 GH/s hash rate, tripling the efficiency of the X10 while maintaining a compact form. The X100 miner is the most powerful, offering a 2 TH/s hash rate and consuming 1800W, capable of earning up to 2,000 BDAG daily. These advanced mining solutions position BlockDAG as a strong contender for delivering exceptional returns.
Key Insights
Both Stacks and TRON offer unique strengths in the crypto market. Stacks (STX) surges by enhancing Bitcoin with smart contract capabilities, while TRON benefits from strategic acquisitions, highlighted in the TRON vs Shiba Inu comparison. However, BlockDAG’s presale performance, raising over $55.4 million, and advanced mining solutions, like the X100 miner with a 2 TH/s hash rate, position it as the highest ROI crypto. BlockDAG’s potential for 30,000x ROIs is driven by its innovative mining rigs, making it a compelling choice for investors seeking substantial returns.

Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

In a whirlwind 24 hours, the cryptocurrency market experienced a staggering sell-off, culminating in $208 million in liquidations. Bitcoin, the market’s heavyweight, tumbled below the $60,000 mark, leading to the liquidation of 74,000 predominantly long position traders. Ethereum was not spared, with $55.5 million liquidated amidst the turmoil. The catalysts behind this market turbulence include U.S. monetary policies, geopolitical tensions, and the looming U.S. presidential election. Despite the setbacks, analysts predict long-term recovery prospects, especially with upcoming innovations like Ethereum’s anticipated spot ETFs. 
However, with both BTC and ETH down approximately 12% over the past 30 days, the current market lacks the momentum needed for substantial growth. This stagnation has turned investors’ eyes towards new projects with significant growth potential, such as CYBRO, which are in high demand in today’s volatile market landscape.
What is CYBRO?
CYBRO is the next-generation DeFi platform that provides the most lucrative and secure earning experience to any investor profile, from newbies to seasoned professionals. Currently, the project is in its presale stage, which is growing by leaps and bounds, even as traditional crypto stalwarts decline. CYBRO has already raised nearly $1 million, and it is even rumored that an ETH whale bagged a hefty scoop of CYBRO tokens, lured by presale benefits.
So, why is CYBRO gaining momentum so fast that even big-shot investors can’t stay aside? Let’s break down its success secrets.
What Does Investing in CYBRO Presale Mean Today?
In a short period of time, CYBRO managed to attract over 4,000 investors to its token presale, building a vibrant and loyal community from the ground up. As of today, more than 25 million CYBRO tokens, priced at just $0.025, have been snapped up at an appealing 58% discount. This means that those buying early are eligible to receive an impressive 140% ROI, as after the TGE, $CYBRO will enter exchanges with a listing price of $0.06.
CYBRO’s presale offer is limited, with only 21.5% of the token supply available for purchase at this stage.
Extra Presale Perks Entice Big Investors
Notably, in an effort to empower presale participants and enhance their returns, CYBRO has launched a special referral program. It enables a 12% commission on direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Whereas, all referees receive double CYBRO Points on their first deposit when using the referral code. The referral program will be active until July 15, with rewards distributed weekly in USDT.
Additionally, those investing at least $1,000 in CYBRO during the presale will unlock weekly Ethereum (ETH) rewards, available for withdrawal right after the TGE. It comes as no surprise that this tempting offer has caught the attention of an ETH whale, who has started accumulating CYBRO tokens to secure their stake in this promising project.
<< Become An Early Investment Today to Make A Fortune Tomorrow >>
What Makes CYBRO a Crypto Whales’ Favorite?
CYBRO positions itself as a DeFi yield aggregator platform powered by state-of-the-art AI tools. It is built upon Blast, the only Layer-2 solution that provides native yield for ETH and stablecoins, and helps investors make the most of this blockchain’s unique features. CYBRO boosts crypto growth through diverse vault investments within the Blast ecosystem and beyond, encompassing strategies from conservative to high-yield. Think of it as a one-stop marketplace gathering the most profitable and secure tools for effortless earnings in DeFi.
When reviewing CYBRO, market researchers highlight several distinctive features and complementary factors that underscore the project’s bright prospects:
AI-based innovations and intuitive design. CYBRO uses AI to build investor portfolios based on user preferences and risk profiles. It has a simple and transparent interface, bolstered by seamless crypto purchases and withdrawals. CYBRO’s 2024-2025 roadmap aligns with its commitment to developing a user-centric platform. Upcoming features include AIBroker, a chatbot for investing in suitable assets, and One-Click Investment, which enhances yield through seamless DeFi and CeFi integration.Transparency and robust security measures. CYBRO has undergone two comprehensive security audits from Assure DeFi and Certik. The latter has awarded CYBRO a security score above 81, placing it among the top 50 most reliable pre-launch projects. Listings on Blast Explorer and CoinGecko have further increased CYBRO’s market visibility. Notably, the team promotes transparency with monthly governance reports and ensures platform integrity through a Bug Bounty program, with a $25,000 reserve for security vulnerability reports.CYBRO token’s utility. $CYBRO serves as both the governance and utility token of its parent platform. Apart from making its holders eligible for governance votes, $CYBRO unlocks multiple user benefits, such as earning interest through staking and taking part in a forthcoming airdrop. Other perks include cashback in $CYBRO for using the platform, discounted trading and lending fees, and access to the Insurance Program, designed to safeguard user investments against shortfalls.Highly engaged community. CYBRO regularly updates its 15,000-strong fanbase through various social media channels, including X, Discord, and Telegram, ensuring that users are always in the loop about upcoming developments and milestones. It also has regular community incentives, giving members the chance to win free tokens. The platform’s tokenomics has allocated 5% of the total 1 million $CYBRO supply specifically to reward the most active users.Bullish expert forecasts. The growing optimism surrounding CYBRO also stems from endorsements by prominent crypto analysts. Experts forecast a staggering 1,200% ROI for $CYBRO, with predictions driven by a genuine belief in the project’s imminent increase following exchange listings. As a result, the platform is experiencing a surge in interest and investment.
Conclusion
Scheduled for release in June, CYBRO is poised to make a significant impact in the DeFi space with its advanced AI technologies and user-centric approach. The project has attracted notable attention from an ETH whale, garnered strong community support, received expert accolades, and implemented robust security measures. For investors seeking high-growth opportunities, the CYBRO presale offers a unique chance for substantial returns, with early adopters potentially benefiting greatly. As always, conduct thorough research and assess your risk tolerance before investing.
Site: https://cybro.io/
Twitter: https://twitter.com/Cybro_io
Discord: https://discord.gg/xFMGDQPhrB
Telegram: https://t.me/cybro_io

Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Binance, the leading global cryptocurrency exchange, announced today the upcoming delisting of several spot trading pairs. The move, effective on July 5th, 2024 at 3:00 UTC, aims to maintain a high-quality trading market for its users.
The tokens affected by the delisting include:
AI/TUSDBTC/AEURCHR/BNBETH/AEURGAS/FDUSDLQTY/FDUSD
Binance assures users that the delisting only affects the specific trading pairs mentioned. The underlying tokens (AI, BTC, CHR, ETH, GAS, LQTY) will still be available for trading on Binance Spot through other pairings.
The announcement also highlights the termination of Spot Trading Bots services for the delisted pairs at the same time (July 5th, 2024, 3:00 UTC). Users who utilize these bots for the affected pairs are urged to update or cancel them before the deadline to avoid potential losses.

The recent Bitcoin market plunge has caused uncertainty among investors, affecting market sentiment. The Crypto Fear & Greed Index measures investor sentiment using a scale of 1 to 100, considering factors like volatility, social media sentiment, market momentum, volume, dominance, and trends.
Scores between 1 and 24 indicate extreme fear, while scores between 24 to 46 indicate fear. The index is currently in the Neutral zone, indicating neither optimism nor pessimism, leading to uncertainty.
A neutral score can cause significant market swings, leading to high volatility. If sellers dominate, cryptocurrencies like Bitcoin could decline, while if buyers prevail, prices could rise rapidly.
The crypto market cap has dropped by about $30 billion since the start of the month, following an initial increase. Factors affecting the fluctuating sentiment include market volatility, social media sentiment, market momentum, volume, and dominance of major crypto like Bitcoin.
Given the current neutral sentiment, the market could either go either way, with positive sentiment increasing prices and negative sentiment causing a decline. Investors need to stay informed and adjust their strategies accordingly.
Today, Bitcoin price fell by over 2%, currently trading at $61,816.17 with a 24-hour trading volume of $22,842,152,204.

As decentralized finance (DeFi) continues to evolve, liquidity aggregators have become crucial for traders looking for optimal prices and conditions for asset exchanges.
The Injective Ecosystem is not looking to stay behind in the DeFi movement. This dynamic hub of innovation features over 260 products, with average daily volumes within the network exceeding a remarkable $20 million.

Injex Finance leads this wave of innovation by providing a state-of-the-art aggregation protocol tailored for the Injective network. By integrating the strengths of current protocols with unique features specific to the Injective chain, Injex Finance aims to transform the DeFi trading experience.

Cutting-Edge Features for Superior Trading
A standout feature of Injex Finance is its strategic allocation of trade weights across multiple liquidity pools. This method significantly reduces price slippage and addresses a common challenge in DeFi trading, where trades often result in considerable losses.

By spreading trades across various pools, Injex not only achieves better pricing but also enhances overall market stability and liquidity.

Supporting Leading DEXes
In its beta version (v1.01), Injex Finance supports four major decentralized exchanges (DEXes) on the Injective network: Helix, Astroport, Dojo, and White Whale.

This broad support provides users with access to the best prices and trading conditions. By integrating these DEXs into one platform, Injex Finance simplifies the trading process, saving users time and effort.

Mainnet is Live

As Injex Finance continues to develop and refine its platform, it remains committed to pushing the boundaries of what is possible in DeFi trading. With the mainent recently going live, Injex Finance is poised to become a leading force in the DeFi ecosystem.

Follow Injex on social media and join the 2nd round of presale!

X – https://twitter.com/Injex_fi

Telegram – https://t.me/injexfi

Discord – https://discord.com/invite/tZuzYxQx6T

Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Polymarket, a decentralized prediction platform, has accumulated more than $200 million in bets on the imminent US Presidential election, showcasing the incorporation of bitcoin into conventional financial norms.
In June, the platform attained unprecedented levels of trading activity, reaching $111 million in trades. Analysts anticipate that by the end of the year, the platform’s trading volume might surpass $1 billion.
The surge in volume also resulted in significant improvements in other important indicators, including a 68.9% increase in total value locked, reaching $40.23 million, and a 166% rise in monthly active users, totaling 28,760.
Although prediction market platforms like Polymarket have achieved significant success and usefulness, they may encounter regulatory obstacles in the United States.
Nevertheless, their potential utilization goes beyond finance and is becoming more apparent. At present, Polymarket indicates a 63% likelihood of Donald Trump emerging as the victor in the election, while Joe Biden’s prospects stand at 18%.
There is widespread speculation regarding the possibility of Biden resigning from the race, as evidenced by $8.6 million being wagered on this outcome after his previous debate performance.
Nevertheless, there are skeptics who dispute the platform’s neutrality, particularly a well-known anonymous user on X who denies its capacity to correctly represent political mood.
This talk emphasizes the wider ramifications of cryptocurrency technologies, since they provide not just financial instruments but also platforms that have the potential to affect public discourse and exert influence.

Vitalik Buterin, one of the co-founders of Ethereum, has expressed disapproval of the regulation strategy employed by the US government regarding crypto. He believes that categorizing utility tokens as securities hampers innovation and prevents the development of important cryptocurrency initiatives.
He contends that existing restrictions foster the development of tokens that lack practical value and clarity, impeding the progress of projects with genuine potential.
Buterin cautions that the existing system has the potential to result in either anarchy or despotism inside the cryptocurrency industry, thereby fostering an environment that hinders progress.
The author observes an inconsistency in the way present regulations are applied, where projects without clarity are exempt from scrutiny while others with obvious value propositions are categorized as security-related.
This poses a detrimental impact on the expansion of the sector and necessitates sincere involvement from regulators and the industry to address this issue.
Buterin’s position is in line with numerous industry leaders who want customized regulations that foster innovation while safeguarding investors. They argue that the current approach fails to acknowledge the wide range of applications of blockchain technology and enforces inappropriate rules.
They support customized policies that promote projects that provide tangible benefits and contribute to the expansion of the crypto ecosystem.
They advocate for cooperation between regulators and the business to establish a framework that recognizes the distinctive characteristics of crypto, which is essential for a robust and vibrant crypto economy.

Telegram’s tap-to-earn game, Notcoin, has intentionally destroyed $3 million worth of unclaimed NOT tokens in order to make the remaining tokens more rare and valuable.
The purpose of this action is to incentivize engaged users and uphold a sustainable economic atmosphere within the community. The purpose of burning unclaimed tokens is to reduce the overall supply, which may result in an increase in the price of the token.
Furthermore, Notcoin intends to allocate a sum of $5 million as bonuses for its devoted community members, namely those that actively engage with Notcoin Explore at the Gold and Platinum tiers. The purpose of this incentives system is to enhance participation and foster loyalty among community members.
The market capitalization of Notcoin currently stands at $1.65 billion, representing a significant decline of 43.4% from its highest point. The recent token burn and reward distribution have the potential to have a positive impact on the market by generating scarcity and enhancing the perceived value of the token.
This action is expected to attract investors and community members who are interested in achieving long-term increase in value. The $5 million bonus awarded to loyal members exemplifies the platform’s dedication to fostering a robust and actively involved community.
By incorporating unclaimed tokens into the treasury, the platform guarantees the availability of resources to support future development, hence stimulating growth and increasing adoption

A large hack that occurred in May and involved a phishing assault that got access to cash housed in one of Alex Lab’s vaults was disclosed by Alex Lab, a platform that is based on Bitcoin and provides decentralized finance.
Assets such as aBTC, sUSDT, XBTC, xUSD, ALEX, atALEX, LiSTX, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20, and STXS were among those that were compromised.
Around 13.7 million STX were transferred by the attacker, with three million of those STX being transmitted to controlled exchanges like as Binance and Kraken.
Even though almost all of the cash were recovered, there was still a total of four million dollars that needed to be retrieved.
Based on the findings of the investigation, it was discovered that the attacker carried out almost 10,000 transactions within a month, distributing STX tokens to a large number of new addresses before directing them into CEXs.
The investigation, which was supported by the crypto detective ZachXBT, revealed evidence that established a connection between the attack and the Lazarus Group, which is a well-known hacker operation based in North Korea.
As a result of the revelation, Alex Lab has increased its interactions with law enforcement and cybersecurity specialists in order to recover stolen funds and address broader consequences.