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FTX exchange may be relaunching after navigating bankruptcy, sparking optimism. FTT token surged over 70% in value amidst FTX’s potential revival. FTX initiates discussions with investors to finance and reboot the platform. Following months of anticipation and uncertainty surrounding the fate of the defunct FTX exchange, recent reports indicate a promising resurgence may be on the horizon. The Wall Street Journal (WSJ) disclosed on June 29 that the troubled cryptocurrency platform is intensifying its efforts to relaunch while navigating the bankruptcy process. In response to these developments, FTT, the native token of FTX, experienced a remarkable surge in value, skyrocketing by over 70% in the past week alone. Commencing from $0.97, the FTX token saw its market value escalate by an impressive $233 million, reaching a total of $556.9 million. Speculation about an FTX revival has been circulating for some time, but the recent WSJ article suggests that the likelihood of this actually materializing is higher than previously believed. John J. Ray III, who assumed the role of CEO in November after FTX filed for bankruptcy, affirmed that the process of seeking interested parties for the reboot of FTX.com has commenced. According to reports, FTX has initiated preliminary discussions with potential investors regarding financing options for a future relaunch, including the possibility of a joint venture. The aim is to garner support for reviving the once-prominent exchange and reinstate its operations. This follows after in May, the United States Internal Revenue Service (IRS) took action by filing 45 claims accounts against FTX, totaling a significant amount of 44 billion dollars. FTT Token Price Dips, Trade Volume Surges, Optimism Grows CoinMarketCap data reveals a prevailing bearish sentiment toward the FTT token, as its price witnessed a minor decline of 2.66%, currently valued at $2.06. However, there is cause for optimism, as trade volume has surged by 17.52% in the last 24 hours, amounting to $196,905,829. This surge in trading activity hints at the potential for positive momentum to gather pace in the coming hours. Investors and enthusiasts eagerly await further developments regarding FTX’s potential relaunch. The recent upswing in FTT’s value reflects growing optimism and the market’s renewed confidence in the exchange’s prospects. As discussions progress and investor interest intensifies, the future of FTX appears brighter than ever.
 
Open Exchange Token led June’s gainers, growing 254%. Bitcoin Cash and Flex Coin followed, with 172% and 166% gains, respectively. Serum, Kaspa, Beldex, and Compound also delivered strong growth performances. As we bid farewell to June, it’s time to glance back at the month’s most significant crypto gainers. As volatility remains a constant companion in the crypto landscape, several tokens showed exceptional growth, significantly outpacing their peers. Here are the ten big winners that stole the limelight this June. Open Exchange Token ($OX) Takes the Lead On top of our list is the Open Exchange Token ($OX), boasting an impressive growth of 254%. The token commenced the month with a market cap of $120M, with the volume traded on Uniswap reaching $1.9M. Besides this, its price saw a robust upswing of 15.7% in just 24 hours, a development that inevitably captured the crypto community’s attention. In addition, Bitcoin Cash ($BCH), with a market cap of $5.67B, took second place with an impressive 172% growth. Moreover, the token’s 24-hour volume reached a whopping $1.42B on Binance, reflecting its increased market activity. Additionally, Flex Coin ($FLEX), traded on Uniswap, showed a substantial gain of 166% this month. Even though it experienced a slight 0.02% dip within the past 24 hours, it still maintains a strong market cap of $274M. Pendle, Marinade, and Nakamoto Games Defy the Odds Subsequently, Pendle ($PENDLE), Marinade ($MNDE), and Nakamoto Games ($NAKA) made their mark with robust performances. Pendle gained 114% this month, while Marinade and Nakamoto Games grew by 113% and 95.1%, respectively. Consequently, these coins traded primarily on Uniswap, Coinbase, and KuCoin, emerged as strong contenders in the crypto arena. Furthermore, Serum ($SRM), Kaspa ($KAS), Beldex ($BDX), and Compound ($COMP) also saw commendable growth. Serum rose by 93.9%, Kaspa grew by 69.6%, Beldex increased by 65.7%, while Compound, with a market cap of $367M on Binance, grew by 59.2%. In conclusion, while the crypto market’s unpredictability is given, these tokens’ stellar performances demonstrate the potential rewards that come with the risks. Hence, watching these shining stars is crucial, as they may lead the way the following month. Highlighted Crypto News Today: BTC Experiencing a Downtrend: Examining the Catalysts Behind Bitcoin’s Current Drop
 
KoinBX announces Verasity (VRA) listing, enhancing credibility and expanding reach. VRA trading pairs on KoinBX offer a seamless experience and convenience for users. KoinBX’s reputation as a reliable and secure platform strengthens Verasity’s credibility. KoinBX, India’s leading cryptocurrency exchange, made an exciting announcement regarding its platform’s upcoming Verasity (VRA) listing on its official Twitter account. Starting July 6, 2023, at 11:30 AM (UTC), users can easily deposit, withdraw, and trade VRA. To cater to Verasity enthusiasts, KoinBX has introduced two trading pairs, namely VRA/USDT and VRA/INR, providing traders the convenience of engaging with VRA using the USDT (Tether) and the INR (Indian Rupee). The partnership between KoinBX and Verasity carries immense promise for both platforms. Verasity, a rapidly growing blockchain-based video platform, aims to revolutionize the digital media landscape with its innovative video content and monetization approach. Consequently, being listed on KoinBX, a renowned exchange, will significantly enhance Verasity’s visibility and accessibility to a broader range of potential investors. KoinBX has made remarkable strides in cryptocurrency, further solidifying its position as a leading exchange. In addition to the Verasity listing, the platform recently announced the inclusion of LeverFi (LEVER) and secured a trademark in Europe, strengthening its position in the global crypto market. The availability of the VRA/USDT and VRA/INR trading pairs on KoinBX brings seamless trading experiences to Verasity users. USDT, a stablecoin pegged to the US dollar, offers stability and a haven during market volatility. Furthermore, the VRA/INR pair eliminates the need for multiple conversions, enabling Indian users to participate in VRA trading easily and conveniently. Verasity (VRA) To Expand in the Indian Market KoinBX’s reputation as a reliable and secure exchange platform significantly enhances Verasity’s credibility. Traders and investors can rest assured about the safety of their assets, as KoinBX employs robust security measures to safeguard user funds. Additionally, the platform’s user-friendly interface and seamless trading experience make it an ideal choice for both seasoned traders and newcomers in the crypto space. Therefore, the Verasity (VRA) listing on KoinBX represents a significant milestone for both platforms. Verasity gains a valuable listing on a reputable exchange, expanding its reach and attracting potential investors. Concurrently, KoinBX diversifies its portfolio by adding a good digital asset. It also provides its users with enhanced trading opportunities and access to the innovative Verasity ecosystem. In the past 24 hours, the VRA token has demonstrated bullish sentiment in the cryptocurrency market, witnessing a notable price increase of 1.53%. As of now, it is being traded at $0.005285. The bulls have successfully established a support level at $0.004985, indicating a strong foundation for the token’s value. Moreover, a resistance level has been set at $0.005459, representing the point at which the upward movement may encounter some selling pressure. This recent price action highlights the positive momentum and investor confidence surrounding VRA. Highlighted Crypto News Today: BTC Experiencing a Downtrend: Examining the Catalysts Behind Bitcoin’s Current Drop
 
Earlier, Bitcoin dropped below the $30,000 mark after briefly dominating above $31,000. Blackrock and Fidelity were not sufficiently clear and comprehensive. Bitcoin (BTC), the largest cryptocurrency by market capitalization, has experienced a significant drop, sending shockwaves through the crypto market. A report revealing the U.S. Securities and Exchange Commission’s comment on asset managers’ application for the launch of spot Bitcoin exchange-traded funds was the cause of this decline. On June 30, according to the SEC, the filings made for the Bitcoin exchange-traded funds (ETF) by Blackrock and Fidelity were not sufficiently clear and comprehensive. The SEC’s reaction to the BTC ETF filings has directly impacted the BTC trading price. After the comment, the trading price of BTC experienced a drop of nearly 1%. Traditional Finance’s Interest in Digital Asset Sector On June 16, Blackrock, the global asset management company, filed an application for a Bitcoin spot ETF. The road to a place in the Bitcoin ETF has been difficult. Despite four Bitcoin futures ETFs receiving approval from the SEC, no spot market ETF has yet to launch at that time. The whole crypto market has waited for Blackrock’s application approval, which may be the turning point for the Bitcoin ETFs. However, after a few days, the SEC approved the first leveraged Bitcoin futures exchange-traded fund (ETF). The 2x Bitcoin Strategy ETF (BITX) from Volatility Shares becomes the first leveraged crypto ETF to get approved in the United States. The approval of Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) has boosted the confidence of BlackRock. Moreover, it also increased traditional finance’s interest in getting into the digital asset sector. The approval results in a surge in the BTC trading price. Following that, Fidelity, the asset manager, officially filed for its Spot Bitcoin ETF recently. This is Fidelity’s second attempt to file for a similar project. The asset management company failed to get the SEC to approve a Bitcoin ETF in 2022. Moreover, the analyst states that BlackRock could maintain a possibility of approval as high as 50%. The case might afterward imply that Fidelity has an equal chance. SEC Deems Recent Proposals Inadequate However, in the end, the SEC stated that the recent proposals by asset managers to introduce spot bitcoin exchange-traded funds (ETFs) were deemed inadequate. The SEC’s response to the applications has shocked the whole crypto market. Moreover, the SEC added that it returned the filing because it didn’t mention the name of the spot Bitcoin exchange. According to the report, the Nasdaq and Cboe would have a surveillance-sharing agreement or offer enough information on the arrangement. And also, the filings can be resubmitted. The exchange plans to update and resubmit its filing. The SEC Decision’s Impact on Bitcoin The SEC’s decision started to have an impact on Bitcoin’s trading price. The trading price of BTC was last trading at $30,379, just below the flat line. Earlier, it dropped below the $30,000 mark after briefly dominating above $31,000. Bitcoin’s percentage supply on exchanges has experienced a decline of 11.07%. It is the lowest level in the last five years. There was a decrease in the percentage of BTC that were available on exchanges because 910,000 BTC were sent to wallet addresses rather than exchanges. At the time of writing, the trading price of Bitcoin is around $30,323, with a decline of over 0.81% in the last 24 hours. The trading volume of BTC has experienced a massive increase of 96.52%, according to CoinMarketCap.
 
The court ordered that the aforementioned altcoins be liquidated on or after July 1. The proposal was approved post consultation with Celsius and U.S SEC. The bankruptcy court has approved Celsius Network’s plan to convert all assets held in cryptocurrencies into Bitcoin and Ethereum. Judge Martin Glenn of the Southern District of New York has rendered a fresh judgment in the platform’s bankruptcy proceedings. And the liquidations will soon allow for the release of payment to creditors. One of the first companies to fail last year was Celsius Network. It was hit hard by the collapse of Terraform Labs and the devaluation of Terra (LUNA) and TerraUSD (UST), the tokens linked with it. Although Celsius Network’s bankruptcy declaration was filed a long time back. Creditors have not yet received closure, and the most recent decision has introduced new legal arguments. Classification of Securities The court ordered that the aforementioned altcoins be liquidated on or after July 1 in preparation for the distribution of assets to creditors. Following consultation between Celsius Network representatives and the United States SEC, the proposal was approved. Due to the SEC’s recent crackdowns, several of the leading cryptocurrencies have been classified as securities. Thus, necessitating their consolidation into BTC and ETH. Cardano (ADA), Solana (SOL), and Polygon (MATIC) are just a few of the cryptocurrencies that have been branded by the authority. Creditors are still around, although the sale of Celsius Network to the cryptocurrency consortium Fahrenheit was approved in May. The new owners have revealed their intentions to file for bankruptcy under new guidelines. The Fahrenheit coalition will not distribute the assets in any cryptocurrency other than Bitcoin and Ethereum, albeit the specifics of these plans are still unclear. Highlighted Crypto News Today: Bitcoin Supply on Exchange Drops to Lowest Level in Last 5 Years
 
Around 1.84 million wallet addresses have reportedly acquired 910,000 Bitcoins. The price of Bitcoin is $30,403 and is down 0.47% in the last 24 hours. In a major shift for the cryptocurrency industry, Bitcoin’s percentage supply on exchanges has dropped to 11.7%, the lowest level in the last five years. Around 1.84 million wallet addresses have reportedly acquired 910,000 Bitcoins, a significant sum in light of the rising demand for Bitcoin. BlackRock’s application of a spot Bitcoin ETF application and the introduction of the EDX Markets crypto exchange are two possible explanations for the depletion of BTC on exchanges. As a result of these changes, major financial institutions are showing renewed curiosity about Bitcoin, and some are even considering refiling their ETF applications with the US SEC. All Eyes on SEC Post the SEC’s approval, investors may now get leveraged exposure to Bitcoin price swings, increasing their potential gains. To a large extent, Bitcoin’s continued position above the $31,000 barrier may be attributed to the advent of such a financial instrument. There was a drop in the proportion of Bitcoins available on exchanges due to the fact that 910,000 Bitcoins were transferred to wallet addresses rather than exchanges. According to K33 Research’s most recent market statistics, Bitcoin gained 30% and accounted for 50% of overall trading volume during U.S. market hours. As the price of Bitcoin skyrocketed during U.S. trading hours, demand soared beyond supply, driving prices even higher. The Bitcoin exchange-traded fund (ETF) $BITO had its highest weekly inflow in a year, according to Bloomberg Senior ETF Analyst Eric Balchunas, and its trading volume on Friday was enormous, at 500 million shares. According to CMC, the price of Bitcoin is $30,403 and is down 0.47% in the last 24 hours. Highlighted Crypto News Today: Shiba Inu (SHIB) 1804% Burn Rate Breaks Records, Fueling Price Surge
 
The purpose of the bill is to strengthen crypto regulation and shield investors from fraud. The FSC will monitor crypto operators and custodians. In a time when the cryptocurrency sector is facing regulatory hurdles elsewhere, notably in the United States, South Korea enacted its first independent virtual asset law on Friday. The purpose of the bill is to strengthen crypto regulation and shield investors against mishaps like Terra-LUNA, which was precipitated by Terra co-founder Do Kwon. The “Virtual Asset User Protection Act” was enacted at the June 30 plenary session of the National Assembly of South Korea. The law consolidates 19 pieces of crypto-related legislation, including definitions of digital assets, penalties for offences including insider trading and market manipulation, and expanded authority for the Financial Services Commission (FSC). Strict Penalty It’s the country’s first piece of domestic law protecting users of virtual assets and limiting unfair trades. The Political Affairs Committee of the Korean National Assembly approved the cryptocurrency law in May, and the Judicial Affairs Committee cleared it on June 29. The FSC will monitor crypto operators and custodians. On the other hand, the Bank of Korea may investigate such platforms. Moreover, insurance, reserve money, and documentation are all required. Rules will apply to cryptocurrencies like Bitcoin, while the Capital Markets Act governs tokens classified as securities. The law also aspires to provide the groundwork for sanctions and accountability for damages resulting from unfair crypto trading. According to reports, the penalties for breaking the new regulations include mandatory minimum sentences of at least one year in jail and/or hefty fines. For gains made by unfair trading, for instance, the Financial Services Commission may levy a penalty equal to double that amount. Highlighted Crypto News: Bitcoin Supply on Exchange Drops to Lowest Level in Last 5 Years
 
The price of LTC has risen by almost 28% in the last 24 hours, breaching the $100 level. The recent momentum has taken LTC back into the top 10 in the list as per CMC. The next Litecoin halving is scheduled for August 2, 2023, at block 2,520,000. The network hash rate has already hit an all-time high, which is good news for Litecoin miners as they wait for the highly awaited event. The price of LTC has risen by almost 28% in the last 24 hours, breaching the $100 level. Bitinfohcharts reports that this week, the hash rate for Litecoin reached a new all-time high of 797.72 tera hash/second (Th/s), which is a measure of the computational capacity of the network as a whole. Despite the tremendous volatility in LTC’s price trajectory over the last month, the hash rate data have been on a steady upward trend. Strong Bullish Momentum Litecoin’s hash rate reached an all-time high of 523 Th/s during the last halving event before sharply declining. Midway through 2022 was when the metric started climbing again. Litecoin’s hash rate and mining difficulty are both close to their respective ATHs, with both now sitting at about 26.38 million. This pattern indicates that it is becoming harder for miners to find new blocks and earn rewards. The block reward will be cut in half, from 12.5 LTC to 6.25 LTC, during the future halving, which is scheduled to occur on August 2, 2023, at block 2,520,000. Moreover, the recent activities have taken LTC back into the top 10 in the list as per CMC. Litecoin now ranks at 9 above Solana. On the other hand, as per statistics from Kaiko, Litecoin ranks number 5th. This list takes into account market depth with volume combined. The value of LTC has also been rising rapidly recently. The trading volume is up almost 500% as investors are optimistic and excited over upcoming event. Highlighted Crypto News Today: Bitcoin Supply on Exchange Drops to Lowest Level in Last 5 Years
 
Manchester, UK, June 30th, 2023, Chainwire Manchester City and OKX, one of the leading crypto exchanges by trading volume and a leading Web3 technology company, today announced OKX as the Club’s Official Sleeve Partner in a new multi-year agreement. As part of the expanded deal, the OKX brand will feature on the left sleeve of both the men’s and women’s first team playing kits and will retain its position on the left sleeve of the first team training kits, in addition to appearing across further digital and physical club assets. OKX’s partnership with Manchester City began in March 2022, first expanding in July 2022 to become the Club’s Official Training Kit Partner for the 2022/23 season. To date, the partnership has helped introduce the brand to millions of football fans around the world through innovative Web3 experiences like the OKX Collective, through which fans can get up-close-and-personal with Manchester City players and OKX Ambassadors such as Jack Grealish and Alex Greenwood. The partnership expansion was unveiled at an exclusive reveal at the Etihad Stadium featuring City Football Group Chief Executive Officer Ferran Soriano and OKX Global Chief Marketing Officer Haider Rafique. As part of the event, the sleeve was unveiled in a ‘virtual reveal’ with a hero video featuring player avatars. Manchester City legend Gaël Clichy was also in attendance for a media Q&A. In a session moderated by Manchester City presenter Natalie Pike, Rafique and Soriano spoke about OKX’s vision of reaching City fans around the world through the partnership. They also discussed the role Web3 technology can play in fan engagement, especially when it comes to designing engaging, immersive experiences for fans. The sleeve partnership brings us closer to City fans across the globe, and we look forward to collaborating to create unique, exciting and innovative engagements through Web3 technology. As the Club’s Official Cryptocurrency Exchange Partner, fans can expect amazing things every time they interact with OKX.” About OKX OKX is a world-leading technology company building the future of trading and Web3. Its leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps. OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com About Manchester City Football Club Manchester City FC is an English Premier League club initially founded in 1880 as St Mark’s West Gorton. It officially became Manchester City FC in 1894 and has since then gone onto win the UEFA Champions League, European Cup Winners’ Cup, nine League Championship titles, seven FA Cups and eight League Cups. Manchester City FC is one of 13 clubs comprising the City Football Group. Under manager Pep Guardiola, one of the most highly-decorated managers in world football, the Club plays its domestic and UEFA Champions League home fixtures at the Etihad Stadium, a spectacular 53,500 seat arena that City has called home since 2003. Today, the stadium sits on the wider Etihad Campus, which also encompasses the City Football Academy, a state-of-the-art performance training and youth development facility located in the heart of East Manchester. Featuring a 7,000-capacity Academy Stadium, the City Football Academy is also where Manchester City Women’s Football Club and the Elite Development Squad train on a daily basis and play their competitive home games. Disclaimer OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AS THE VALUE OF YOUR ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. Contact Media [email protected] 0788118718
 
TORONTO–(BUSINESS WIRE)–$ETHC–On June 15, 2023, Ether Capital Corporation (“Ether Capital” or “the Company”) announced that it had received regulatory approval to commence a Normal Course Issuer Bid (“NCIB”). The Company also announced its intention to purchase up to 2,566,662 of its common shares, representing 7.5% of its total issued and outstanding common shares. On June 29, 2023, Ether Capital entered into an agreement with a Canadian dealer for an Automated Securities Purchase Plan. Such agreement will permit the Canadian dealer to purchase the Company’s shares on pre-arranged terms during periods that the Company adheres to a trading blackout for its employees. Trading blackout periods commence on the first day of a fiscal quarter, such as July 1, 2023 and end two business days after the Company announces its quarterly or annual financial results. About Ether Capital Corporation Ether Capital (NEO: ETHC) is a public company that invests its balance sheet in Ethereum’s native utility token “Ether” as a core strategic asset while generating yield through staking the majority of its Ether balance with the primary goal of being a net-accumulator of Ether. It develops unique intellectual property in its pursuit to maximize profits and optimize total return from staking. Ether Capital’s management team and Board of Directors is composed of crypto natives, leading venture capitalists and traditional finance experts, which uniquely positions the company to identify and capitalize on opportunities in the digital asset ecosystem. For more information, visit http://ethcap.co. The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement, or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information in this press release is current only as of the date provided and Ether Capital is under no obligation to update this information, other than in accordance with applicable securities laws. Forward-Looking Information This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as “targeting”, “projected”, “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “on pace,” “anticipates,” or “does not anticipate,” “believes,” and similar expressions or state that certain actions, events or results “may,” “could,” “would,” “should,” “might,” or “will” be taken, occur or be achieved. Forward-looking statements are based on information available to management at the time they are made, management’s current plans, estimates, assumptions, judgments and expectations, including management’s expectations about its ability to implement anticipated cost reductions as a result of the anticipated reduction of workforce and related expenses, anticipated reduction in spending related to marketing, business development and professional services, and changes made to internalize staking costs and related implementation costs, and its ability to implement such cost reductions within its expected timeframe. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, shareholder returns, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to the overall macroeconomic environment and specifically the digital asset market, including volatility in the price of Ether; potential fluctuations and declines in the yield generated from staking Ether; potential fluctuations in consulting fee revenue which is linked to the future price of Bitcoin and Ether; differences between the projected and actual costs of staking Ether; the ability to achieve anticipated cost savings due to unforeseen events; the ability to achieve desired outcomes in executing the NCIB program; as well as the risk factors discussed in the Company’s Annual Information Form dated March 23, 2023, the Risk Factors section in its most recently filed Management Discussion and Analysis and its other filings available online at www.sedar.com. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided to give context to the nature of some of the Company’s future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws. Contacts Brian Mosoff Chief Executive Officer [email protected] Jillian Friedman Chief Operating Officer [email protected] Ashley Stanhope Senior Associate, KPW Communications [email protected]
 
Ethereum co-founder Vitalik Buterin defends Solana (SOL) amid the SEC turmoil He emphasizes that the real competition is not the chains but “the rapidly expanding centralized world On the heels of regulatory challenges from the U.S. Securities and Exchange Commission (SEC), Solana (SOL) has found support among some OG crypto natives. Taking to Twitter on June 30, Vitalik Buterin, the enigmatic co-founder of Ethereum, wrote that Solana is facing unprecedented challenges that may prove strenuous for the crypto industry in the long run. He added that competition among blockchains must first deal with the challenges posed by centralized finance, or CeFi, before going on to develop a more robust crypto ecosystem as a whole. “This is especially true since the real competition is not other chains, it’s the rapidly expanding centralized world that is imposing itself on us as we speak.” After wishing Solana the best in their current regulatory challenges, he offered some final words of solace. “I wish all honorable projects a fair outcome in this whole situation.”His tweet has been garnering support among many in the crypto community. Udi Wertheimer from Taproot Wizards responded: “A confident founder doesn’t FUD [short for fear, uncertainty and doubt other projects, he embraces competition as a healthy force for progress and fears a world where competitors are no longer around.” While Anatoly Yakovenko, co-founder of Solana labs, stressed that he was proud Buterin was taking a stand. He also added: Over the past 24 hours, according to CoinMarketCap, the price of SOL has soared more than 5% reclaiming the coveted $19 price point. Remarkably, the 24-hour trading volume of Solana (SOL) spiked by over 100%. Highlighted Crypto News Today Solana (SOL) Price Turns to Bullish Will the Trend Continue?
 
NexTech Week Tokyo [Autumn], the highly anticipated comprehensive trade show on advanced technologies, is poised to stage a remarkable new edition with an impressive lineup of 300 exhibitors and an estimated 40,000 visitors at Makuhari Messe in Japan on October 25 to 27. The event is known for bringing together cutting-edge innovations and industry-leading research and applications. And with Japan’s thriving market in next-generation technologies, NexTech Week Tokyo [Autumn] promises to be an unparalleled platform for exhibitors to showcase their latest products and services in AI, blockchain, quantum computing, and DX human resource development. Professionals from around the world are invited to participate in this three-day event, which offers unparalleled opportunities for networking, engaging in panel discussions led by prominent industry leaders, experiencing product demonstrations, and receiving live technical consultations. Visitors can experience firsthand the future of robotics, generative AI, augmented reality, Web3, DAO, virtual reality, and other cutting-edge technologies that are shaping industries worldwide. Additionally, as the event is co-located with XR Fair Tokyo and Metaverse Expo Tokyo, these exhibitions will showcase hundreds of companies, unveiling the latest innovations and services in virtual platforms, digital twin, content production, mixed reality, and more. The resounding success of the Spring edition, which saw a record-breaking attendance of 30,414 visitors from 30 countries and featured an impressive showcase of 256 exhibitors, further solidifies NexTech Week Tokyo’s position as Japan’s premier tech exhibition. As the countdown begins, the event’s management is calling upon tech companies, entrepreneurs, and innovators to seize this unique opportunity and join the event as exhibitors. Limited booth spaces are still available, and additional information can be found on NexTech Week Tokyo’s official website. This is a not-to-be-missed opportunity to connect with industry professionals, gain insights into the latest trends, and explore real-world case studies. Visitors can likewise learn more about the conference and register on the website. Join NexTech Week Tokyo and immerse yourself in the forefront of technological advancements. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
 
Shiba Inu (SHIB) burn rate soared over 1804% in the last 24 hours. SHIB price climbs around 4% in a day. Shiba Inu (SHIB), the second-largest meme coin, has shown a substantial rise in burn rate after a few days of staying deep below zero. At the time of writing, the Shibburn portal reveals that within the last 24 hours, SHIB holders have managed to eliminate a total of 50,258,924 SHIB from circulation, equivalent to a mere $383 in value. The burn transactions responsible for this reduction in token supply include four notable transactions, with the two largest ones amounting to 27,502,303 SHIB and 12,034,353 SHIB, respectively. These tokens have been transferred to dead-end wallets, effectively removing them from circulation. Shiba Inu (SHIB) Burn Rate (Source: Shibburn) Shiba Inu (SHIB) Price Shows Upward Movement The prominent meme coin records a noticeable uptick in the trading volume of SHIB, indicating a surge in trading activity and heightened interest among traders. Contributing to the overall positive market trend. The moving average for SHIB is currently positioned above the 50 MA, indicating a more optimistic market trend for the token. According to CoinMarketCap, the Shiba Inu price experienced some gains in the last 24 hours. That signaling some renewed interest in the meme coin. Also, the extent of the SHIB price rise is yet to be determined, which suggests a potential shift in market sentiment. At the time of writing, Shiba Inu traded at $0.000007613, with a price surge of over 4% in a day and 13% in the last 14 days. Also, SHIB’s 24-hour trading volume soared around 29% to $123 million. But still, Shiba Inu prices declined 2.7% in a week. However, currently, the meme token is in the buy zone. Shiba Inu (SHIB) Price Chart (Source: Tradingview) Further, the Shiba Inu frenzy has not yet faded. Investors and enthusiasts are eagerly observing these developments. Hoping for a sustained upward trajectory in both burn rates and token value. Recommended for you Shiba Inu (SHIB) Price Prediction 2023
 
Shiba Inu (SHIB) bulls are attempting to retake control of the bearish market which caused a major price crash for the meme coin last week. To confirm the bullish sentiment, there has been an uptick in whale transactions on the Shiba Inu (SHIB) network, followed by a 10% price spike for SHIB. Also, Tradecurve, a new decentralized finance (DeFi) exchange is showing bullish signs, and could rally by more than 30% in the coming weeks. >>BUY TCRV TOKENS NOW<< Whale Alert has reported a spike in large SHIB transactions A single whale moved SHIB worth $25.6 million to an unknown wallet as Shiba Inu’s sentiments shift to positive Tradecurve is also showing bullish signals, with a potential to rally from $0.018 to $0.025 in the coming weeks. Shiba Inu Whales Re-activate, Move $25.6 Million Worth of SHIB Shiba Inu (SHIB), the second biggest meme coin, has recently recorded an uptick in whale transactions on the network, marking a change in market sentiment. The popular blockchain-tracking service, Whale Alert, reported that a single Shiba whale moved over 3.81 trillion SHIB tokens worth over $25.6 million to an unknown wallet. According to on-chain data, the Shiba whale paid a little over $1 as transaction fees for moving SHIB worth over $25.6 million. The uptick in whale transactions follows a sentiment change as bulls look to now regain control of the Shiba Inu market after weeks of bear dominance. The price of Shiba Inu (SHIB) is now up by 10% from its lowest point in the last seven days. Because of the price jump, IntoTheBlock has reported that over 1 trillion SHIB has now risen to break even, with their holders regaining the initial value of their investment. At the time of this writing, SHIB now trades at $0.000007116, and its $4.2 billion market cap makes Shiba Inu the 18th largest cryptocurrency. Bullish Signs for Tradecurve (TCRV), Is Another Rally Coming? Another digital asset showing clear bullish signals is Tradecurve (TCRV), a new decentralized finance exchange. TCRV had set a new all-time high of $0.018 during the bear market. The bullish signals being flashed by Tradecurve now suggest that another 30% rally could be possible to take the price of TCRV as high as $0.025 in the coming days. Tradecurve has remained bullish despite the poor sentiment of the market because of its potential to transform the DeFi space. Tradecurve is building the first DeFi exchange where users will be able to trade crypto alongside financial instruments from the global market, including forex, stocks, options, CFDs, ETFs, and more. >>BUY TCRV TOKENS NOW<< Experts are bullish that Tradecurve has the potential to transform the DeFi space because it would effectively be bridging the over-the-counter derivatives market with a value of $632 trillion with the DeFi space. No DeFi platform has ever had the potential to connect to a market of this magnitude, and experts believe Tradecurve’s utility token, TCRV, would greatly benefit as a result. The short-term $0.025 prediction is not as bullish as the $1.5 per token experts predict TCRV would be valued at before the end of 2023. Visit the links below to get more information about Tradecurve and the TCRV token: Website: https://tradecurve.io/ Buy presale: https://app.tradecurve.io/sign-up Twitter: https://twitter.com/Tradecurveapp Telegram: https://t.me/tradecurve_official
 
Noah Cornwell and John Conneely bring robust crypto and institutional expertise to the wallet infrastructure and security firm NEW YORK–(BUSINESS WIRE)–Dfns, wallet infrastructure and security firm for Web3, announced the appointment of its new Chief Technology Officer, Noah Cornwell, and Vice President of Business Development and Sales, John Conneely, to guide the continued expansion of the company. Chief Technology Officer Noah Cornwell joins Dfns following nearly seven years at cryptocurrency exchange and custodian Gemini, where he served as Vice President of Engineering. Cornwell’s financial technology expertise includes positions with MIK Fund Services and Boston Technologies Inc. As Dfns develops new wallet-as-a-service solutions for B2B and B2B2C organizations, Cornwell’s in-depth understanding of enterprise organizations’ fintech priorities will significantly aid the company’s strategic developments. “Dfns is transforming the digital world as we know it by leveraging the potential of decentralized technologies,” said Cornwell. “I look forward to driving technology strategy, inspiring innovation, and leading a remarkable team dedicated to making it safe and simple for developers to build and launch compliance friendly wallet infrastructure products.” John Conneely brings five years of experience steering the growth of institutional custody offerings at leading blockchain and cryptocurrency firms including Genesis and Bakkt. John will enable the successful continuation and expansion of Dfns’ partnerships as he leads new business and sales initiatives. Conneely serves as a pivotal leader for Dfns’ work to address misconceptions such as the commonly held sentiment of “not your keys, not your crypto,” and provide necessary education surrounding cryptocurrency wallet custodianship. John will be instrumental in developing partnerships for Dfns, aiming to grow our perpetually growing list of clients. “Digital asset wallets have evolved significantly over the past 6 years, however there are still significant gaps that need to be addressed if as an industry we look to on board the next billion plus crypto users,” said Conneely. “Dfns, with its industry leading MPC technology as well as innovative and programmable APIs, are laser focused in helping banks, NFT platforms, neobanks and more, in abstracting away all the complexities of key management so that our clients can focus on what matters most, user experience.” “We are thrilled to announce Noah as our new CTO and John as our global Vice President of Business Development and Sales,” said Clarisse Hagège, CEO of Dfns. “Noah and John have impressive careers with proven track records of strong leadership, dedicating their expertise to the growth of innovative businesses leading the blockchain industry. Bringing Noah and John to the Dfns team will allow us to continue offering new user and developer-friendly solutions without sacrificing wallet security.” The announcement follows significant developments from the firm in recent months, including Dfns’ partnership with Cryptosat to launch the first-ever Space Wallet, and the introduction of its self-custodial wallet-as-a-service solution which leverages biometric technology for secure, user-friendly wallet management. Dfns is continuing to expand its network of integrated blockchains, clients leveraging its secure wallet-as-a-service APIs, and solutions offered in its mission to provide maximum security through seedless wallets. About Dfns Dfns is a cybersecurity company providing wallet infrastructure for Web3. From institutional banks to gaming studios, we enable developer teams with plug-and-play access to digital assets through our secure wallet-as-a-service (WaaS) platform. Founded in 2020 in Paris, Dfns is a SOC-certified company incubated at Techstars, Station F (awarded Future 40 in 2021) and recognized as a deep tech company by the French Ministry of Economy and Innovation. Contacts Media: [email protected]
 
Bullish SOL price prediction for 2023 is $26.80 to $48.77. Solana (SOL) price might reach $40 soon. Bearish SOL price prediction for 2023 is $9.41. In this Solana (SOL) price prediction 2023, we will analyze the price patterns of SOL by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Solana (SOL) Current Market Status Current Price $19.28 24 – hour trading volume $840,480,120 24 – hour price change 7.77% Up Circulating supply 399,979,761 All – Time High $260.06 (On November 06,2021) SOL Current Market Status (source: CoinMarketCap) What is Solana (SOL)? The crypto coin, Solana (SOL), runs on an independent and scalable blockchain with faster transaction rates. The blockchain’s functionality is based on a hybrid consensus model that combines proof-of-stake (PoS) and proof-of-history (PoH). This hybrid model enables Solana to validate its blocks faster with accurate time stamps. Solana (SOL) was launched in March 2020. Solana Network aims to expand its functionalities by hosting several DApps in the DeFi and also revolutionizing the NFT marketplace. Solana-based NFTs are gaining positive momentum and are more likely to be preferred over Ethereum NFTs. Solana (SOL) Price Prediction 2023 Solana (SOL) ranks 10th on CoinMarketCap in terms of its market capitalization. The overview of the Solana price prediction for 2023 is explained below with a daily time frame. SOL/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Solana (SOL) laid out a Horizontal Channel pattern. In general, the horizontal channel also known as the sideways trend is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Solana (SOL) was recorded at $18.33. If the pattern trend continues, then the price of SOL might reach the resistance levels of $18.42, $25.92 and $52.55. If the trend reverses, then the price of SOL may fall to the support of $8.00. Solana (SOL) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Solana (SOL) in 2023. SOL/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Solana (SOL) for 2023. Resistance Level 1 $26.80 Resistance Level 2 $48.77 Support Level 1 $14.18 Support Level 2 $9.41 Resistance and Support Levels of SOL As per the above analysis, if Solana’s (SOL) bulls take the lead, then it might hit and break through its resistance level of $48.77. Conversely, if Solana’s (SOL) bears dominate the trend, the price of SOL might plunge to $9.41. Solana (SOL) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Solana (SOL) are shown in the chart below. SOL/USDT RVOL, MA, RSI (Source: TradingView) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Solana (SOL) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the SOL price lies below 50 MA (short-term), indicating its downtrend. Hence, SOL is in a bearish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of SOL is at 57.08. Therefore, this indicates SOL is in neither an overbought nor oversold state. Solana (SOL) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Solana (SOL) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). SOL/USDT ADX, RVI (Source: TradingView) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of SOL lies in the range of 22.14 pointing out a weak trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of SOL lies above 50, indicating high volatility. Comparison of SOL with BTC, ETH Let us now compare the price movements of Solana (SOL) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs SOL Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of SOL is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of SOL also increases or decreases respectively. Solana (SOL) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Solana (SOL) between 2024 and 2030. Solana (SOL) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Solana (SOL) might successfully test and surpass its resistance levels to hit $50 by 2024. Solana (SOL) Price Prediction 2025 The significant upgrades in the Solana ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Solana (SOL) price to reach $60 by 2025. Solana (SOL) Price Prediction 2026 If Solana (SOL) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $70. Solana (SOL) Price Prediction 2027 If Solana (SOL) sustains major resistance levels and stands as a better investment option in the market, then SOL would rally to hit $80. Solana (SOL) Price Prediction 2028 If Solana (SOL) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then SOL would hit $90 by 2028. Solana (SOL) Price Prediction 2029 If investors flock in and continue to place their bets on Solana (SOL), then the crypto would witness major spikes. Hence, SOL might hit $100 by 2029. Solana (SOL) Price Prediction 2030 By 2030, the SOL price might rally to $150 if the trend momentum aligns in favor of Solana. Furthermore, SOL would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Solana (SOL) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Solana (SOL) price prediction for 2023 is $48.77. Comparatively, the bearish Solana (SOL) price prediction for 2023 is $9.41. If there is a positive elevation in the market momentum and investors’ sentiment, then Solana (SOL) might hit $40. Furthermore, with future upgrades and advancements in the Solana ecosystem, SOL might surpass its current all-time high (ATH) of $260.06 and mark its new ATH. FAQ 1. What is Solana (SOL)? Solana (SOL) is the native crypto coin of Solana. Solana runs on a scalable blockchain that runs with a hybrid consensus model that integrates proof-of-stake (PoS) and proof-of-history (PoH). SOL was launched in March 2020. 2. Where can you purchase Solana (SOL)? Solana (SOL) has been listed on many crypto exchanges which include Binance, CoinbaseExchange, KuCoin, Bitfinex and OKX. 3. Will Solana (SOL) reach a new ATH soon? With the ongoing developments and upgrades within the Solana Platform, SOL has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Solana (SOL)? On November 06, 2021, SOL reached its new all-time high (ATH) of $260.06. 5. What is the lowest price of Solana (SOL)? According to CoinMarketCap, SOL hit its all-time low (ATL) of $0.5052 on May 11, 2020. 6. Will Solana (SOL) reach $40? If Solana (SOL) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $40 soon. 7. What will be Solana (SOL) price by 2024? Solana (SOL) price is expected to reach $50 by 2024. 8. What will be Solana (SOL) price by 2025? Solana (SOL) price is expected to reach $60 by 2025. 9. What will be Solana (SOL) price by 2026? Solana (SOL) price is expected to reach $70 by 2026. 10. What will be Solana (SOL) price by 2027? Solana (SOL) price is expected to reach $80 by 2027. Top Crypto Predictions Pepe (PEPE) Price Prediction 2023 Waves (WAVES) Price Prediction 2023 Avalanche (AVAX) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
 
Withdrawals must be completed by August 26th, according to a Twitter notification. Cardinal claims that Alameda’s investment was negligible. Almost a year post collecting $4.4M to enhance the usefulness of non-fungible tokens (NFTs), Solana’s Cardinal protocol is shutting its door owing to economic constraints. Withdrawals must be completed by August 26th, according to a Twitter notification. By providing protocols and SDKs for staking, renting, subscribing, royalties, and trading, Cardinal Labs was an infrastructure supplier committed to facilitating NFT use cases on Solana. According to the shutdown timetable, some services, such as staking pool formation, token administration, NFT rentals and rental renewals, social media handles, and new deposits, will cease to function on July 19. The deadline for completing withdrawals is August 26th, when the two-month notice period finishes. Alameda’s Investment Negligible Seed investment for Cardinal totaled $4.4 million and was headed by Protagonist and Solana Ventures. With participation from Animoca Brands, Delphi Digital, CMS Holdings, and the sister business of defunct cryptocurrency exchange FTX, Alameda Research. Cardinal claims that Alameda’s investment was “a very small piece of the round.” Therefore it did not add to the firm’s collapse. Pre-seed investment of $750,000 was secured from Neo Ventures in 2021. Over 65,000 NFTs were staked on the protocol as of July 2022, and Cardinal raised a total of $5.2 million over the course of 18 months. The NFT market seems to be progressively developing, despite the current difficulties. DappRadar has released research stating that Q1 2023 was the greatest quarter for the NFT market since Q2 2022. Intense competition among NFT markets helped keep overall performance good despite a decline in trading volume throughout March. Highlighted Crypto News Today: Paxos Partners With Mercado Libre To Offer USDP Stablecoin Access
SANTA CLARA, Calif.–(BUSINESS WIRE)–In 2023, a key year for the alternating bull and bear market in the digital currency field, the entire industry is undergoing earth-shaking changes in an era where “risk” and “opportunity” coexist. The YOMAEX exchange recently announced that its registered users exceeded 10 million and its transaction volume exceeded 1 billion US dollars, further consolidating its position as a leading exchange. This milestone achievement has attracted widespread attention from global digital currency investors and injected new impetus into the development of the industry. Seeking Change in Stability, Building a Solid Barrier for Long-term Development Perry Schmidt, head of marketing of the YOMAEX platform, delivered an inspiring speech at this important moment. He emphasized: “In the face of changes in the industry, we adhere to the strategy of ‘seeking change in stability’, focusing on technological innovation and product polishing, aiming to lead a new era of digital currency transactions. Our self-developed high-speed trading engine can process millions of orders per second, and is at the forefront of the entire industry.” When talking about compliance, he said: “We have always firmly believed that compliance is an important guarantee for the long-term development of the industry. YOMAEX has been certified by multiple international regulatory agencies, which is the best way for us to provide users with a safe and reliable trading environment.” Perry Schmidt is even more confident about the future. He announced: “YOMAEX has more than 10 million registered users, and the daily transaction volume has exceeded 1 billion US dollars.” Rich Ecosystem, Realizing YOMAEX’s Global Vision In addition to the development of the exchange, YOMAEX is also committed to building a rich ecosystem and realizing its global vision. Perry Schmidt also said: “Our goal is not only to become the largest exchange, but also to build a rich ecosystem through diversified sectors with YOMAEX Academy, YOMAEX Research, YOMAEX Labs, and YOMAEX Charity.” In concluding his speech, he emphasized: “YOMAEX’s goal is to lead the development of a new era of digital currency trading with unique advantages such as rich and practical investment tools, advanced engine systems, top security technology, and huge community partners. We look forward to working with the world digital currency investors to jointly explore the possibility of the future.” Contacts PR Email: [email protected] Website: https://www.yomaexi.org/
 
New York, New York, June 30th, 2023, Chainwire Memecoin Mooky is gearing up for its final presale phase, having raised $900,000 to date. More than just a novel crypto token, Mooky aims to support the environment through a major tree-planting campaign. Mooky will be a community-driven platform whose governance lies in the hands of its token holders. While the MOOKY token draws its cues from other successful memecoins, the project has a more ambitious mandate. Mooky was conceived to increase awareness of global environmental challenges and to provide real-world solutions. The project aims to raise enough funds to sustain an extensive reforestation initiative in key locations around the world. As part of its commitment to nature, Mooky has earmarked donations to charities working on sustainable environmental causes. From a crypto-economic perspective, the MOOKY token features zero tax and low slippage, providing ample incentives for traders to get involved. Underpinning the project is a deep lore that aligns with Mooky’s core goals. Mooky is based on the concept of a mythical land called Pygmy. This fantastical realm has stunning landscapes, abundant vegetation, and wildlife. As settlers came to the island, they destroyed the vegetation and polluted the air. The monkeys of Pygmy decide to fight back peacefully, teaching the settlers how to respect nature and live harmoniously. Under the leadership of Mooky, they become united and restore nature. To support the project’s development while providing greater opportunities for community participation, Mooky has created a collection of 1,000 NFTs. Each NFT is linked to a tree planted in the real world. Holders can access the Ventures Club, which grants access to exclusive rewards and events. With five days left in the $MOOKY token presale, there is still ample opportunity for crypto holders to get involved and capture the upside to a project that combines memes and nature to great effect. About MOOKY MOOKY is a community-driven initiative launched in 2023 that embraces the spirit of digital innovation to make a positive impact on the environment. More than just a meme token, MOOKY represents a global community united by a common goal: to inspire change and contribute to global tree-planting efforts. MOOKY also stands as a symbol of creativity in the digital space, offering unique 3D NFTs that are each linked to real-world tree-planting initiatives. These NFTs serve not only as digital collectibles but also as an entry ticket to the exclusive Mooky Ventures Club, a vibrant community of environmentally conscious enthusiasts. MOOKY is more than a digital token; it’s a movement aiming to better our environment while fostering a unique and engaging digital ecosystem. Join MOOKY in its journey to make a difference and follow the community on various social channels to stay updated. Users can purchase MOOKY here. Website | Presale | Telegram | Instagram | Twitter | Discord Contact Mookashi N [email protected]
 
The Foundation has announced that the testnet will launch on July 5. In March, the team predicted that the public testnet will be live by the end of July. As part of its plan to leave the Ethereum ecosystem by the end of 2023, the DYDX Foundation, the non-profit behind the famous DEX, dYdX, has preponed the launch of the public testnet of its Cosmos-based blockchain. The Foundation has announced that the testnet will launch on July 5, sooner than previous date. In March, the team predicted that following the third milestone (private testnet), the public testnet will be live by the end of July. The impending launch is the fourth of five planned developments for dYdX to test its Cosmos-based blockchain before the mainnet goes live. Several enhancements to the network were implemented during the private testnet, including support for limit orders, dynamic funding rates, ABCI 2.0, and other features of the Cosmos-SDK. Migration from Ethereum Network More functionality, including order books, account balances, order histories, and market data, will be available for testing and exploration on the public testnet. There will be numerous validators all over the place, all running the network software. Even though Bitcoin and Ethereum markets will be the only ones supported by the next testnet at launch, the group hopes to eventually grow the network to cover at least 30 other markets. In September, assuming the DEX has finished its testnet migration from Ethereum to Cosmos, it will go on to the last milestone (v5) before the ultimate launch of the mainnet. dYdX has said that the lack of scalability in Ethereum is the main motivation for its departure from the platform. After looking into numerous layer2 alternatives, the group found that Ethereum’s transaction processing speed was inadequate. Highlighted Crypto News Today: Coinbase Layer-2 Network Base Nears Mainnet Launch
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