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Binance Charity, the philanthropic arm of the global blockchain firm Binance, is leading the donation of $3M to the Spanish Red Cross (Cruz Roja Española) in order to provide assistance to relief operations in the region. This contribution is in response to the disastrous floods that occurred in the Valencia province of Spain. In order to provide aid and support that is desperately needed, the donation that was made by Binance Charity will be channeled towards emergency relief actions that are being carried out by Spain’s Red Cross. Binance Charity is a pioneering philanthropic organization that utilizes blockchain technology to give help that is not only transparent but also efficient and quick during times of disaster. The mission of Binance Charity is to close the gap between people who are in need and the resources that are necessary to restore lives and communities by using the power of cryptocurrencies and Web3 solutions. Binance Charity continues to be at the forefront of pioneering novel techniques to generate positive change all around the globe, with a strong commitment to global humanitarian concerns across the world. Javier García de la Torre, Binance’s General Manager for Spain, said: Fernando Pérez-Ordoyo, Head of International Partnerships at the Spanish Red Cross, commented: Anyone who is interested in contributing to the Spanish Red Cross’s efforts to assist the communities that have been impacted may do so using the following donation address, which is also designated as an open fundraising channel.
 
NY, United States of America, November 5th, 2024, Chainwire Leading DeFi Market Maker Seeks New Clients Amidst Technological Advancements Xinteria, a pioneering decentralized finance (DeFi) company specializing in market making, announces that it has surpassed $1 billion in trading volume. This significant milestone demonstrates Xinteria’s role in shaping the DeFi landscape and its commitment to innovation in financial markets. Building on this achievement, Xinteria has unveiled a suite of cutting-edge market-making technologies designed to enhance liquidity and efficiency across decentralized exchanges. These advancements position the company at the forefront of DeFi innovation, offering services to clients worldwide. Xinteria’s new technology incorporates advanced algorithms and real-time analytics to optimize trading operations. This results in improved price stability and reduced slippage, benefiting traders and platforms within the DeFi ecosystem. The company’s solutions are tailored to meet the evolving needs of exchanges, token projects, and institutional investors navigating the complex DeFi landscape. Xinteria is actively seeking new clients to leverage its state-of-the-art technology and expertise. The company offers comprehensive market-making services that empower clients to achieve greater efficiency and success in their trading activities. About Xinteria Xinteria is a leading DeFi company specializing in market-making services. Founded in 2020, the company leverages advanced technology and deep industry expertise to provide liquidity solutions across multiple decentralized platforms. Xinteria is committed to fostering innovation and efficiency in the DeFi space, offering clients exceptional service and strategic insights. Contact Press Xinteria [email protected]
 
Crypto analyst Trader Tardigrade has revealed that the Dogecoin price has marked a local bottom. He further provided insights into what could come next for the foremost meme coin, with a 100% price rally from its current level on the cards. Dogecoin Price Forms Local Bottom In an X post, Trader Tardigrade mentioned that the Dogecoin price has formed a local bottom signal. He explained that whenever the DOGE Moving Average Convergence Divergence (MACD) bearish cross forms, Dogecoin tends to trade sideways for a week before starting another bull run. With the bearish cross happening now, the DOGE price is gearing up for another leg up, which, based on Trader Tardigrade’s analysis, could happen a week from now. The analyst’s accompanying chart showed that Dogecoin could witness up to a 100% rally as it rises to $0.28 from its current price. The chart also showed how the Dogecoin price has formed local bottoms and then enjoyed another leg up since its bull run began in September. The DOGE price is up over 53% since September, outperforming the top 100 cryptos by market cap during this period. Crypto analyst Master Kenobi, who had rightly predicted the start of the Dogecoin bull run, also recently suggested that the meme coin was ready for the next part of its bull run. In an X post, he stated that it was nice to see the Dogecoin price back above $0.16, seeing as the meme coin has successfully retested previous resistance levels and confirmed them as support. Master Kenobi further mentioned that the next levels to watch out for after the Dogecoin price reaches $0.23 are $0.33 and $0.73, its current all-time high (ATH). Once the meme coin reaches $0.73, the analyst remarked that the DOGE price will “moon,” indicating a parabolic rally. Daily And Weekly Golden Cross Pending For DOGE Self-acclaimed DOGE lead analyst on X Kevin Capital revealed that a daily and weekly golden cross is pending for the Dogecoin price. The analyst noted that this was happening right before a potential Donald Trump victory and Elon Musk’s implementation of the Department of Government Efficiency (D.O.G.E). A Trump victory could be the catalyst for a Dogecoin price breakout above $0.20, considering that it will pave the way for Musk’s D.O.G.E proposal which continues to impact the meme coin positively. Crypto analyst Ali Martinez also recently analyzed Dogecoin price action and said that the meme coin was the perfect trade right before the US elections. Indeed, the meme coin might be the perfect trade as it has decoupled from other crypto assets and is the top gainer among the top 100 cryptos by market cap ahead of today’s elections. At the time of writing, the Dogecoin price is trading at around $0.165, up over 10% in the last 24 hours, according to data from CoinMarketCap.
 
Abu Dhabi, United Arab Emirates, November 5th, 2024, Chainwire This collaboration introduces a blockchain-based payments solution for innovative $99 Jambo smartphones, targeting crypto payments for millions. Jambo, a leading builder of web3 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to offer millions of Jambo phone users in over 120 countries, with easier access to peer-to-peer crypto payments through the Lif3 mobile app. Founded by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration merges its innovative DeFi ecosystem with Jambo’s expertise in mobile technology tailored for emerging economies, facilitating developing countries’ access to the world’s financial market. Emerging markets face unique challenges that require innovative solutions for real problems. In regions like Africa, where 57% of the ~1.5bn population remains unbanked and 50% without access to a smartphone, the collaboration between Jambo and Lif3 is designed to address these issues by providing secure, user-friendly access to real-time crypto payments. This initiative will empower millions by facilitating enhanced connectivity, improved security, and streamlined access to digital financial services. Additionally, the Lif3 mobile app will be pre-installed on the JamboPhone, complemented by quests and educational programs to help users familiarize themselves with the new technology while earning rewards. The partnership will feature pre-installed Lif3 apps on all JamboPhones globally, allowing users to get their crypto wallet instantaneously and engage in a host of DeFi features integrated within the Lif3 ecosystem. The initiative also plans to include educational programs to assist new users in navigating the web3 space safely and becoming savvy digital citizens. The Jambo and Lif3 collaboration not only enhances access to digital technologies but also paves the way for financial inclusion in regions where traditional banking has been out of reach. This initiative directly targets the gap in financial services, aiming to bring the unbanked into the economic fold and ignite economic growth from the ground up. About Jambo Jambo – The Most Globally Distributed DePIN Smartphone. Jambo’s vision is to bring emerging markets on-chain through building the largest web3 mobile infrastructure network. Jambo is backed by investors globally, including Paradigm, Tiger Global, Pantera, Delphi and more. Jambo is onboarding the next billion users to web3 with the JamboPhone 2, a premiere web3 Android smartphone starting at only $99 preloaded with the world of web3 at their fingertips. The Jambo Ecosystem is preinstalled on the phone and features web3 mobile games, wallets, payment infrastructure, and more. Users can learn more about the latest from Jambo on Twitter/X and purchase their JamboPhone at jambophone.xyz, and join the Jambo Community and lead web3 adoption with them on Telegram. To learn more about Jambo, users can visit jambophone.xyz Social Media X | Facebook | Instagram | TikTok | Telegram About Lif3 Lif3.com is revolutionizing the blockchain industry with its omni-chain DeFi ecosystem and curated Layer-1 blockchain. The self-custody Lif3 Wallet, available on the App Store and Google Play, empowers users by unlocking the full potential of Web3, transforming consumer DeFi, Gaming, iGaming, music, entertainment, and more. $LIF3 is currently listed on Bitfinex, Bitmart, and MEXC. To learn more about lIF3, users can visit lif3.com. For more information, users can contact: [email protected] Social Media X | Telegram | Discord | News and Updates About Quantum Fintech Group Quantum Fintech Group is a private investment group founded in 2020, and is focused on providing superior returns in the alternative asset space focusing specifically on blockchain investments. Social Media: X Contact Chantel Elloway [email protected]
 
In a decisive move to strengthen its token economy and foster community engagement, Zeebu, a decentralized B2B settlement platform, has announced the completion of its fourth quarterly token burn, permanently eliminating over 251 million ZBU tokens from circulation. This burn reflects Zeebu’s commitment to creating a deflationary token model designed to drive long-term growth. The latest initiative is also complemented by an exclusive ZBU Airdrop, aimed at inviting community participation in Zeebu’s journey to revolutionize B2B payments in the telecom sector and beyond. Launched in 2023, Zeebu has been instrumental in transforming telecom payment systems, using blockchain to enhance transparency and streamline operations. With the launch of the ZBU Protocol, the decentralized settlement platform takes another step toward building a decentralized, distributed, and community-focused network designed to foster growth and shared value. Token Burn to Drive Sustainable Growth This quarter’s token burn was executed under Zeebu’s Phoenix Protocol, which automatically determines the burn amount based on transaction volume and token consumption. By strategically reducing the circulating supply of ZBU, Zeebu aims to reinforce the token’s role as a trusted settlement medium, supporting a balanced and sustainable ecosystem that grows alongside platform adoption. Burn Highlights: Total ZBU Burned: 251,695,770.74 Transaction ID: View on Etherscan “We are excited to announce the successful completion of our fourth quarterly burn event,” said Raj Brahmbhatt, CEO of Zeebu. “Each burn event strengthens our tokenomics and underscores our commitment to a sustainable token economy. As we approach the next chapter in our journey with the launch of the ZBU Protocol, we’re unlocking greater scale, liquidity, and community participation. Looking ahead, the Phoenix Protocol and quarterly burns will remain crucial as we continue to build a robust and community-centered B2B payment network.” ZBU Airdrop: Community Participation through #empowertheprotocol To further engage its community, Zeebu has launched the ZBU Airdrop, offering 60 million ZBU tokens to early supporters and ecosystem participants. The airdrop is part of Zeebu’s #empowertheprotocol initiative, a movement that invites the community to become active contributors to the platform’s evolution. By participating in the airdrop, users can gain exclusive benefits and play a key role in shaping Zeebu’s decentralized B2B payment infrastructure. The waitlist for the ZBU Protocol is currently open, inviting early supporters and participants to secure their spot in Zeebu’s expanding ecosystem. Interested users have until November 15, 2024, to join the waitlist and be part of this decentralized B2B settlement network. Season 1 of the ZBU Airdrop is set to begin on November 16, 2024, and will continue until either March 31, 2025, or until the protocol reaches $1 billion in Total Value Locked (TVL), whichever comes first. With #empowertheprotocol, Zeebu envisions a community-led ecosystem where stakeholders not only benefit financially but also help build a new standard for B2B settlements. This initiative reflects Zeebu’s commitment to an inclusive approach, ensuring that each participant plays an integral part in the platform’s growth and direction. The ZBU Protocol: Pioneering Decentralized B2B Payments for Telecom Zeebu’s ZBU Protocol is redefining how transactions are handled in the telecom industry by creating a liquidity-optimized, decentralized payment infrastructure. The ZBU Protocol is fundamentally transforming the way telecom giants manage cross-border payments and settlements. This innovation provides a scalable solution for telecom providers seeking to serve retail markets efficiently, without the limitations and high costs associated with traditional payment methods. “Zeebu is committed to empowering our community to actively participate in this transformation,” said Keshav Pandya, COO of Zeebu. “The launch of the #empowertheprotocol campaign is a significant step toward providing our community and stakeholders with access to exclusive opportunities, empowering them to play an active role in shaping Zeebu’s growing decentralized ecosystem.” A New Chapter for B2B Settlements with Community-Driven Growth With over $4.4 billion in transaction volume processed and a network of 135+ institutional partners, Zeebu has positioned itself as a pivotal player in the blockchain-based B2B payments landscape. Over the next 12 months, Zeebu aims to scale up to $14 billion in transaction volume, activating 300 on-chain clearing houses to build a global, decentralized payment network. This growth plan is deeply connected to community involvement. By participating in the #empowertheprotocol initiative, users are directly supporting Zeebu’s expansion, as the company builds a comprehensive infrastructure designed to streamline payments for businesses worldwide. To learn more about the initiative, read here. About Zeebu Zeebu is a decentralized platform revolutionizing B2B settlements, beginning with the telecom industry. Leveraging blockchain technology, Zeebu offers a transparent, cost-efficient solution for cross-border payments, enabling businesses to bypass traditional intermediaries. With a commitment to sustainable tokenomics and community-driven growth, Zeebu is shaping the future of B2B payments. For more information about Zeebu’s developments, ZBU Airdrop, and ZBU Protocol, visit https://zeebu.fi and follow Zeebu on social media for real-time updates. 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.
 
exSat Network, a cutting-edge scaling solution that was developed to broaden and improve the Bitcoin ecosystem, is thrilled to announce the introduction of the exSat bridge, which will provide Bitcoin staking. As a result of this development, which comes just under two weeks following the introduction of the mainnet, Bitcoin holders now have access to additional prospects for income. exSat is committed to tackling the issues of Bitcoin’s scalability and interoperability in order to realize the goal of Bitcoin’s widespread adoption. Through the implementation of a Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS), exSat intends to improve the data consensus, scalability, security, and interoperability of Bitcoin within the ecosystem. In order to realize Satoshi’s vision, it is necessary to provide new financial possibilities, and Bitcoin staking represents a significant step forward in this regard. In addition to being the most valued digital asset and having the most trading activity, Bitcoin now provides the opportunity to earn via staking. Staking Bitcoin results in the customer receiving a wrapped token known as XBTC, which is bonded 1:1 with native Bitcoin. This enables the user to keep possession of their original Bitcoin while also earning yield. In addition, staking on the exSat Network helps to ensure the safety of the network. Stakeholders get XSAT, the native token that drives the exSat ecosystem, in exchange for their participation. In the future, XSAT will be traded on a variety of exchanges across the world. The exSat bridge has been subjected to a comprehensive audit by Blocksec, and it was developed in collaboration with prominent custodians such as Ceffu, ChainUp, Cobo, and Cactus. The reliability, security, and transparency of the exSat bridge are all ensured by the combination of stringent audits and trustworthy custodial cooperation. To this day, the exSat Network has been able to secure more than $488 million in Total Value Locked (TVL), which is backed by more than 41 validators. Additionally, more than fifty percent of Bitcoin’s hash rate is syncing data on the network. Matrixport, Spiderpool, Antpool, viaBTC, Everstake, HashKey Cloud, Blocksec, OKX, BitTrade, Bitget, ChainUp Cloud, and Cactus Custody are some of the key industry partners that are collaborating in the exSat Network. To stake Bitcoin on the exSat Network, you must first link your wallet, then bridge BTC to acquire XBTC, then stake XBTC with a validator, and finally receive XSAT. This process is straightforward. As a result of this simplified approach, Bitcoin stakers are able to receive XSAT tokens instantly, rather than having to wait for future airdrops or accumulate points. To get further details on the launch of the exSat Network and to remain up-to-date on forthcoming developments, please visit both our website and the exSat on X.
 
Last month, Animoca Brands emerged as the top investor in crypto fundraising. The total funds raised in the crypto space hit a 2-year-high in October 2024. Months after the Terra Luna collapse in Q2 2022, the pace of crypto fundraising slowed, falling below $3 billion—a level it has yet to regain. October 2024, however, marked a bullish trend by reaching a 28-month peak with $2.45 billion in total fundraising. According to CryptoRank, total fundraising last month climbed by over 264.4% from September’s $672.27 million. There was a slight drop — 1.8% — in VC rounds, falling from 111 to 109. From January to October, the crypto space saw total fundraising exceed $8.08 billion. Crypto Fundraising (Source: cryptorank.io) Of the different verticals, blockchain services dominated fundraising with $1.25 billion. The social sector came next, raising $578.15 million, followed by blockchain infrastructure at $265.3 million, DeFi at $143.2 million, and GameFi at $102.85 million. Animoca Brands and Polygon Co-Founder In Lead Hong Kong-based Web3 VC giant Animoca Brands took the lead in the Uptober rally of the crypto fundraising arena with 9 deals. In addition to web3 gaming and DeFi, the company allocated funds to emerging narratives like DePIN and AI. Among October’s top 10 record makers stood two angel investors — Ekram Ahmed, Head of Marketing and Comms. of Celestia, and Mert Mumtaz, Helius Labs CEO. Both these investors carried out 5 deals in the month. Remarkably, Animoca Brands stands at the top of the all-time list of investors, taking the first spot with 435 rounds. Meanwhile, Coinbase Ventures takes the second spot, boasting 416 funding rounds primarily in the exchange niche. (Source: Messari Fundraising Data) Outlier Ventures comes in third, having made 326 investments in projects focused on developer tooling. Binance Labs follows with 308 investments, primarily in gaming, while NGC Ventures rounds out the list with 277 investments mainly in the exchange niche. On another note, Sandeep Nailwal, co-founder of Polygon, is reported by Messari as the top angel investor with 41 investments. Popular NFT investor Santiago R Santo, aka CryptoPunk 9159, holds the second position with 39 funding rounds. Notably, Solana co-founder Anatoly Yakovenko ranks fourth with 30 rounds, while Helius Labs CEO Mert Mumtaz occupies the sixth spot with 22 rounds. Here are some key events and facts to know about crypto fundraising in 2024: In June 2024, crypto exchange Bitstamp was acquired by trading platform Robinhood for $200 million. This is the largest merger & acquisition (M&A) to date. In July 2024, Blockchain-led AI startup Sentient raised $85 million in seed round, co-led by Peter Thiel’s VC firm Founders Fund. In August, IP-focused blockchain Story Protocol recorded $80 million in a Series B round led by Andreessen Horowitz (a16z). The United States has emerged as the leading jurisdiction in fundraising, with over $3.08 billion raised across 180 rounds.
 
Meme coins exhibit bullish momentum in the light of the US election. MOG Coin is the top gainer of the day, gaining over 9%. The crypto industry has briefly recovered from the prolonged downside pressure. The global crypto market cap is up 2.7% to $2.3 trillion, over the day. Bitcoin, the leading cryptocurrency, experienced bearish pressure, and Ethereum followed. Despite this, the current market sentiment is in the neutral zone, at 50, according to the CMC Crypto Fear and Greed Index. It’s crucial to note that the meme market cap reached $63.56 billion, after noting a 6% surge in the last 24 hours. Meme coins have surged above other major assets after major price corrections before hours of the U.S. presidential election while other assets are in the bearish sentiment. The US election might be the major cause for this meme coin rally. As the market awaits favorable crypto policies, both Donald Trump and Kamala Harris have assured to help innovate the crypto sector. Trump-Won Scenario Besides, as per the crypto analyst, Miles Deutscher, meme coins could be the performing assets. Deutscher predicts that if Trump wins, there could be a major rally in the industry. Notably, it will bring in a boost for DOGE, which he considers as the “meme leader.” He further suggests the D.O.G.E initiative will strengthen the token, positioning it as a catalyst for liquidity rotation across the broader meme token market. The Trump-won scenario could ignite a renewed interest in altcoins, positioning meme coins in the forefront. Assets have witnessed dips due to election uncertainty, and he believes those coins might strongly rebound, triggering the FOMO (Fear of Missing Out) as traders return to the market post-election. Scenario of Kamala Victory In the winning scenario of Kamala, the market expects a potential regulatory crackdown on utility tokens to push investors toward meme coins as they seek nihilistic assets that may seem less vulnerable to scrutiny. In the case of building regulatory pressure, meme tokens could maintain dominance as a safer hold and more appealing. The popularity among retail investors in meme coins could be a better option in the altcoin industry if regulatory pressure increases. Moreover, Deutscher directs investors toward meme coins. However, he suggests waiting for the post-election volatility. If the market experiences another dip, he plans to prioritize the meme coin holdings such as DOGE, POPCAT, WIF, PEPE, SPX, and GOAT. On the other hand, the top gainers over the past day are occupied by the meme coins. MOG, DOGE, POPCAT, SHIB, and BONK are the first five tokens on the list. MOG has surged over 9% and the price has reached $0.000001869. The daily trading volume has soared over 63% to $43.62 million. Highlighted Crypto News Can Shiba Inu (SHIB) Build on Recent Gains for a Stronger Rally?
 
After enjoying a mini price run in the last week of October, Bitcoin’s price has corrected below $68k to start the first week of November. While this is normal price action for Bitcoin, this trend also impacts the crypto industry, particularly altcoins. Historical patterns suggest that altcoins’ performance highly depends on Bitcoin’s price action. BTC’s market dominance has hit 60%, affecting altcoin market performance and restricting its price rallies. A crypto analyst, Benjamin Cowen, expects that altcoins will face a steep decline, probably in early 2025, before recovering. In a post, Cowen argues that the market will first witness a substantial loss in value for altcoins before signs of recovery emerge. According to Cowen, the altcoin market will face “a reckoning,” and holders and traders can expect the correct to happen by December 2024 or early January 2025. Altcoin Market Revisits 2019 Price Action In a YouTube video, Cowen predicted the price action of altcoins after reviewing Bitcoin’s price and historical trends. The ITC Crypto founder explained that an altcoin market rally will not happen soon due to Bitcoin’s current performance and market conditions. Data suggests that altcoins are losing ground to the world’s top asset, and altcoins can only be appreciated if Bitcoin enjoys a parabolic run. According to Cowen, altcoins’ current market condition is similar to what happened in the bear market in 2019. Altcoins were bearish during this period before gradually recovering in 2020 and hitting new highs after one year. Cowen expects the same story for altcoins in 2025—altcoins’ prices will bottom first before they can start a price rally. Analysts Now Have Mixed Views On Altcoins’ Market Performance In another post, Cowen revisited the Bitcoin/altcoin pairing, saying that this pairing has been losing for three years. He stated that the pairing’s performance aligns with historical trends, with the last two “alt-seasons” happening after halving in 2017 and 2021. BTC Continues Its Crypto Market Dominance Bitcoin continues to lead the cryptocurrency industry, with its market share hitting 60.5%. According to Cryptographic, Bitcoin is enjoying a two-year high, stabilizing market prices within the $68k and $70k range. While Bitcoin continues to show strength, other alternative cryptos saw falling values, with some dropping by 20 to 40%. Traditionally, Bitcoin’s dominance often coincides with declines in altcoin prices. However, many experts say a possible turning point can happen if BTC hits resistance at the 64 to 65.81% range. If it happens, BTC can achieve another all-time high or may move sideways. However, if BTC’s market share falls below 50%, we can expect a price rally for altcoins. Featured image from Pexels, chart from TradingView
 
ION mining, a leading decentralized governance infrastructure, announced the completion of another round of $200 million in strategic financing. This financing will accelerate the adoption and strategic expansion of ION mining‘s decentralized governance and public product financing technology stack ION cloud mining operation process Step 1. Register an account ION mining registration process: You only need to enter your email address. Register and get $15 immediately, sign in daily to get $0.75 Step 2. Buy mining contracts ionmining offers a variety of efficient mining contracts: For example: Contract price $100.00, contract period 2 days, daily income $3.5, fixed income $100.00+$7, interest settled every 24 hours Contract price $600.00, contract period 6 days, daily income $9, fixed income $500.00+$54, interest settled every 24 hours Contract price $2000, contract period 18 days, daily income $44.2, fixed income $2000+$795.6, interest settled every 24 hours Step 3: Earn passive income ION cloud mining is a great way to increase passive income, and you can earn passive income the next day after purchasing the contract. According to the website, ION mining has assembled a team of experts and cutting-edge technology to create and provide first-class cloud mining investment opportunities. It currently offers a range of mining contracts and financial options, ranging from $15 to $5,0000, for potential and existing users to choose from. Their official website has detailed information, and they have 24-hour online customer service staff to answer all relevant questions. In summary, if individuals are looking for ways to increase passive income, ION mining is a good choice. ION mining can help them grow their cryptocurrency wealth in “autopilot” mode with minimal time investment. Passive income is the goal of every investor and trader, and with ION mining, individuals can maximize their passive income potential more easily than ever before. Company Name: ion Mining Investment Group Company Email: [email protected] Company Website: https://ionmining.com/ Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends 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.
 
Binance’s legal team filed a motion to dismiss the SEC’s amended complaint. Previous court rulings support that crypto assets are not inherently securities. Binance and its former CEO, Changpeng “CZ” Zhao, have filed a motion to dismiss the SEC’s amended complaint against them. The motion, submitted on Nov. 4, accuses the SEC of failing to provide clear regulatory standards for the crypto industry. Binance’s legal team contends that the SEC’s approach contradicts a prior court ruling that found crypto assets are not inherently securities. The motion pointed out that the SEC’s latest filing disregards this precedent. It stated that the SEC insists secondary market resales of crypto tokens are securities transactions, simply because some buyers might expect value appreciation. This, Binance’s lawyers argued, demonstrates the SEC’s unwillingness to establish coherent legal guidelines for determining which crypto transactions qualify as investment contracts. The lawyers emphasized that the SEC’s amended complaint continues to classify almost all crypto transactions as securities. They noted the SEC’s inconsistency, citing its sudden decision to drop claims that transactions involving Ethereum constitute investment contracts. The legal team accused the regulator of arbitrarily choosing winners and losers in the crypto space, which they claim undermines market confidence. Ongoing Legal Challenges for Binance In June 2023, the SEC launched a lawsuit against Binance, Binance.US, and CZ. The charges included operating unregistered exchanges, broker-dealers, and clearing agencies. While the SEC won a partial victory, Judge Amy Berman Jackson ruled against the agency on significant points. The judge dismissed allegations that Binance’s BNB secondary market sales and BUSD-related programs were investment contracts. The latest amended complaint aims to revive some of those dismissed claims. Binance’s lawyers criticized the SEC’s unwillingness to clarify what constitutes an investment contract to courts, litigants, and market participants. They argue that the SEC’s inconsistent stance causes uncertainty and hampers fair regulatory practices. The crypto exchange has faced numerous legal issues, including a separate case with the Department of Justice (DOJ). In November 2023, Binance admitted to anti-money laundering violations and was fined $4.3 billion. CZ served four months in U.S. prison but has since been released. Despite these challenges, Binance has made efforts to navigate regulatory hurdles, especially under new CEO Richard Teng, who took over leadership after CZ’s guilty plea. Highlighted Crypto News Today Crypto Market on Edge as U.S. Presidential Election Day Arrives
 
In the third quarter of 2024, despite a challenging market environment, Gate.io maintained strong growth momentum through continuous product innovation, service enhancements, and community engagement. The platform achieved significant increases in trading volume and user base expansion, according to its latest quarterly report. During Q3 2024, Gate.io’s total trading volume soared to about $720 billion, with spot trading volume around $320 billion. The platform welcomed over 1.28 million new users, bringing the total registered users to over 17 million. The introduction of 156 new listings and 44 popular on-chain projects featured in the Pilot Trading Section contributed to this growth. Additionally, Gate.io’s Web3 ecosystem expanded significantly, and now supports over 100 major blockchains with assets valued at $560 million. Gate Startup: Airdrop Value Nearly $6 Million Gate.io Startup continued to be a pivotal part of the platform, distributing airdrops valued at nearly $6 Million through various early-stage projects. The Startup platform launched 32 new coin mining projects and held 35 successful airdrop events in Q3 alone. The introduction of the Pilot Trading Section in September provided users with a new approach to engaging with trending on-chain projects, further enhancing user engagement and investment opportunities. Continued Growth of Financial Products and Quantitative Trading Gate Earn introduced new staking products, with staked assets valued at over $90 million. The platform’s quantitative trading strategies grew to 200,000 active strategies, with futures grid trading volume and Martingale strategy trading volumes rising by 6% and 13.15%, respectively. These innovations underscore Gate.io’s commitment to providing diversified and dynamic trading options. Security and Compliance: Gate.io’s Strong Commitment to Safety and Transparency Gate.io enhanced its security and operational efficiency through strategic global partnerships and technological optimizations. Notably, the platform’s reserve report disclosed an increase in reserves for key cryptocurrencies like BTC and ETH, reinforcing its commitment to security and transparency. A New Era of Cross-Industry Collaboration Gate.io announced a significant partnership with Inter as the official sleeve sponsor, marking the beginning of a groundbreaking collaboration that expands its influence across industries. This partnership further promotes the deep integration of blockchain technology within the sports sector, heralding a new chapter in cross-industry collaboration. Engaging with Charity to Spread Love Worldwide Gate.io actively participated in and hosted major industry events, with its charitable arm, Gate Charity, conducting around 20 events across eight countries, aiding about 1000 beneficiaries. Meanwhile, Gate Live hosted 13,000 live sessions, attracting over 3.36 million views, and focused on delivering in-depth blockchain education and market analysis. Significant Achievements in Educational Outreach and Research Gate Learn and Gate Research were prolific in their output, publishing around 1,000 articles, courses, and research reports. These resources are aimed at advancing blockchain education and providing in-depth industry insights, further supporting the platform’s community-building efforts. As Gate.io strides confidently into the final quarter of 2024, the platform is poised to continue its trailblazing advancements in the cryptocurrency landscape. With a relentless focus on user-centric innovations, enhanced security measures, and a burgeoning global community, Gate.io is not merely driving the progress of blockchain technology but also actively shaping its future. This momentum is encapsulated in Gate.io’s comprehensive suite of products and educational initiatives, all designed to democratize trading and investment in the digital age. Gate.io’s robust growth, extensive charitable activities, and dynamic community engagement stand testament to its visionary approach. Media Contact: Elaine Wang at [email protected] Disclaimer The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/zh/user-agreement. 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.
 
MEXC is proud to partner with the inaugural Crypto Content Creator Campus CCCC event, taking place this November in Dubai. This momentous occasion is dedicated to exploring the depth and breadth of content creation and fostering multi-party collaboration. As a leading global crypto asset trading platform, MEXC is honored to sponsor this CCCC event, fully supporting the growth of crypto community key opinion leaders (KOLs). Through this partnership, MEXC aims to empower content creators to leverage their voices and influence in spreading cutting-edge industry knowledge, jointly advancing the growth and prosperity of the cryptocurrency ecosystem. Since its inception, MEXC has firmly believed that community power is one of the driving forces behind the industry’s continuous advancement. MEXC places great importance on collaborating with community KOLs, dedicating itself to building long-term, stable, and mutually beneficial partnerships to jointly explore new frontiers within the crypto space. Similarly, MEXC has long-championed the importance of community-driven growth in the crypto industry. Recognizing that KOLs are pivotal to this, MEXC actively invests in long-term partnerships, encouraging innovation and mutual support to push the boundaries of what’s possible in crypto content. Over the past few years, MEXC has led the way in supporting KOL growth, implementing impactful initiatives, including, but not limited to: 2024: MEXC launched the MEXC Affiliate Program. Following the Ferrari Giveaway event with a 10 million USDT prize pool, MEXC also announced the KOL Street Photography Challenge to provide photography and promotional support for the Ferrari SF90 grand prize winner. 2023: MEXC introduced the Creator Alliance KOL Program, calling for talent to collaboratively build a high-quality content ecosystem. 2022: MEXC held the Hong Kong, Macau, and Taiwan KOL Grand Prix, offering a prize pool of 16,500 USDT to incentivize regional KOL engagement. These initiatives not only highlight MEXC’s dedication and commitment to the KOL community but also demonstrate its proactive role in advancing the industry. By providing diverse resources and platforms, MEXC actively empowers KOLs to achieve significant growth in content innovation, brand building, and personal success. “At MEXC, we believe that empowering the community and amplifying voices within the crypto space is essential to advancing the entire industry,” said Tracy Jin, VP at MEXC. “By sponsoring the CCCC event, we’re not just supporting content creators—we’re investing in the future of Web3 and ensuring that the most innovative voices are heard on a global stage. We’re excited to see how these collaborations will drive growth and understanding in the world of encrypted assets.” Sponsoring the CCCC event represents a key opportunity for MEXC to foster industry growth and collaboration. Through this partnership, MEXC aims to expand its brand influence, bringing its vision to a broader audience. More importantly, MEXC is committed to providing promising individuals with dedicated resources, professional content, and financial support, empowering KOLs passionate about advancing blockchain to step into the Web3 world. By unlocking greater value for users, MEXC seeks to accelerate the adoption and growth of the Web3 ecosystem. MEXC firmly believes that unlocking the full potential of KOLs can become a powerful engine for industry growth, driving the cryptocurrency sector towards diversified development. Currently, MEXC collaborates with over 2,000 KOLs worldwide, empowering their growth through resource sharing and platform support, fostering a win-win partnership. Looking ahead, MEXC will continue to strengthen its collaboration with community KOLs, jointly exploring new partnership models and opportunities to drive industry innovation and progress, delivering richer content experiences and value to users. 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.
 
Crypto traders may underestimate post-election risks, delaying volatility resolution. Congressional outcomes could influence Federal Reserve policies and asset stability. The much-anticipated U.S. presidential election has arrived, sparking a wave of tension across stocks, bonds, and the crypto market. Investors are preparing for potential turbulence as forecasts point to a highly contested race. Bitcoin remains a focal point, continuing to be viewed as a “Trump trade”, reports QCP. The “Trump trade”—comprising long positions in the U.S. dollar, crypto, and bets on rising Treasury yields—has gained momentum, boosted by Trump’s advantage in betting markets. Yet, a Harris victory could swiftly reverse these trends, causing pronounced overnight market reactions. Moreover, the crypto community is bracing for a possible 3.5% fluctuation in Bitcoin prices on election night. However, there is growing concern that traders may be overlooking -post-election risks. The current absence of a volatility premium beyond the November 8 options expiry implies that the market expects a smooth outcome, potentially underestimating delays or contested results. Traders Vs Historical Patterns Historical patterns highlight how unpredictable election outcomes can be. In 2016, Donald Trump’s unexpected win triggered an initial slump in U.S. futures, followed by a rapid recovery, with trading volume soaring in the days that followed. Similarly, in 2020, Joe Biden’s victory was not confirmed for four days, leading to trading activity that reached a half-year high. Beyond the presidential race, the results of congressional contests are equally critical. A Republican takeover could signal higher future fiscal deficits, which may force the Federal Reserve to adopt a more hawkish approach—an outcome that would likely put pressure on risk assets. On the other hand, a divided Congress could lead to a more stable environment, calming market volatility. In the crypto options space, a balanced distribution between calls and puts is evident, with notable activity on both sides. As polling closes and results start coming in, traders expect Bitcoin to experience unpredictable price swings, with the market reacting in real-time to the unfolding political landscape.
 
Solana is trading above a critical demand level of around $157, showing signs of a potential bounce after a recent pullback. This critical level has held firm despite market volatility, and now all eyes are on Solana as it attempts to regain bullish momentum. With the U.S. election unfolding and the Federal Reserve’s interest rate decision just around the corner, this week promises to bring heightened volatility across the crypto market. Top analyst and investor Carl Runefelt has shared a technical analysis indicating that Solana must break above a key resistance level in the coming days to regain a strong uptrend. Runefelt notes that this resistance has kept the price in check, and a breakout likely leads to renewed optimism for SOL investors. However, the risk of further downside remains if Solana fails to secure a position above this critical resistance. As these significant macro events unfold, Solana’s next moves will be closely watched, as breaking resistance could signal a larger rally in the near term. Solana Trading Within Bullish Pattern Solana has been a standout performer in this cycle, showing resilience as it holds above a crucial support level that previously acted as resistance. This pivotal moment could determine Solana’s near-term trajectory as it battles to reclaim bullish momentum. According to top analyst Carl Runefelt, who shared insights on X, Solana faces a critical test at a descending resistance level that has consistently capped its gains. Runefelt’s technical analysis, focused on the 2-hour SOL chart, highlights this resistance around the $164 mark. He suggests a confirmed breakout above this level would likely propel Solana higher, signaling a return to bullish price action. However, there’s potential for sharp price swings this week, with the U.S. election and Federal Reserve interest rate decision creating an environment ripe for uncertainty and market manipulation. These macro events have the potential to significantly impact Solana’s movement, making the resistance break even more critical. If Solana breaches this resistance and establishes support above $164, it could attract bullish sentiment, pushing the altcoin toward new local highs. However, failure to do so could lead to increased selling pressure and a risk of a retracement, especially if broader market volatility intensifies. As such, the upcoming days will be crucial for Solana’s path forward, with traders and investors closely monitoring this key level. SOL Price Action: Key Levels To Watch Solana (SOL) is trading at $161 after a recent bounce from local lows at $155. This move has established a strong support base of around $155, which has proven crucial in holding off further downside. For bullish momentum to take hold, SOL now needs to clear the $165 resistance level, which would confirm the potential for upward price action. A sustained push above $165 could signal strength and encourage buyers, paving the way for further gains. However, a retracement is likely if SOL fails to break above this critical level. In this scenario, the price could fall back to the subsequent demand zone around $150, which aligns closely with the 200-day moving average (MA). The 200-day MA is a widely observed indicator and often acts as a strong support level in technical analysis, reinforcing the $150 zone as a potential floor. This consolidation phase places SOL in a pivotal position, with price direction largely dependent on its ability to overcome $165. As traders watch closely, this technical setup suggests that SOL’s next move will likely define its short-term trend, with $150 as a key fallback level if the bullish case doesn’t materialize. Featured image from Dall-E, chart from TradingView
 
After skyrocketing above $72,000 earlier last week, the Bitcoin price has experienced an unexpected crash below the $70,000 mark ahead of the US Presidential elections. Reports have cited the influence of whales and the upcoming results of the US Presidential elections as catalysts to this price decline. Bitcoin Price Crashes As Market Braces For US Election Results The Bitcoin price seems to have experienced a pre-election crash. It is now trading below the $70,000 mark after declining by over 3.64% in just a few days. Many are labeling this sharp decline to the $68,000 level as the “biggest Bitcoin crash,” signaling that the most significant downturn in Bitcoin’s history has just started. Market intelligence platform Santiment has noted the recent Bitcoin crash, highlighting the decreasing number of non-empty wallets by investors. According to the analytical platform, there have been 211,540 fewer addresses than three weeks ago. This massive reduction is seen as a sign of intense Fear, Uncertainty, and Doubt (FUD) typically associated with future bullish performance and a strained market. Currently, the crypto market is in suspense mode as investors, both retail and institutional, await the results of the US Presidential elections. Even large-scale Bitcoin investors, often called ”Whales,” have been relatively mute, adopting a “Wait-And-See” attitude as they closely watch how the results of the US election impact the dynamics of the market. Santiment also notes that Bitcoin whales have been reducing their transaction activity, signaling a change in market sentiment. The market intelligence stated that “Bitcoin whales are patiently awaiting the US Presidential election results as their activity settles from last week’s spike near crypto’s top. The outcome of the US elections are expected to start pouring in today, and many crypto traders and investors are already preparing for major market volatility and unpredictability. On X (formerly Twitter), there has also been a spike in mentions related to Presidential candidate Donald Trump, who has gained significant support from various crypto community members. How The US Presidential Elections Could Impact The BTC Price Many crypto analysts hold varying opinions and predictions regarding the future of the crypto market after the US presidential elections. With major candidates, Kamala Harris or Trump vying for Presidency, investors and crypto experts are closely watching the market for changes. According to crypto analyst Crypto Rover, the last time former President Trump won the US election, Bitcoin pumped 2,714%. The analyst has suggested that if history repeats itself, that is, if Trump wins the current Presidential elections and Bitcoin price experiences a similar surge, then the pioneer cryptocurrency could be worth $2 million by 2025. Moreover, Santiment has revealed that in the previous election in November 2016, Bitcoin crashed by 5.5% after Trump was announced as President. In contrast, in November 2020, the Bitcoin price surged by 22.6% after Joe Biden was announced as President. Based on social sentiment on X, it appears many members of the crypto community are supporting Trump as the next US President. However, Adam Khoo, a crypto analyst, has noted that over 50 million US citizens have already voted in the US elections, with exit polls showing a significant landslide victory for Harris.
 
SHIB has spiked by 5.30%, over the past 24 hours. The daily trading volume of SHIB has surged by 43%. The crypto market exhibits mixed signals while assets are gaining and losing. Analysts anticipate the overall sentiment of the market to gain momentum post-US election. The largest cryptocurrency, Bitcoin is under bearish pressure, trading at $68.7K. Notably, the dog-themed cryptocurrency, Shiba Inu (SHIB) is one among the top five gainers over the past 24 hours. The meme coin has gained over 5.30% and the trading day opened with the asset traded at $0.00001675. The meme coin price began to climb and hit a high of $0.00001771. At the time of writing, the meme coin traded at $0.00001759, with the trading volume staying at around $383 million, according to CMC data. Meanwhile, the market observed a liquidation of $654K worth of Shiba Inu during this timeframe. SHIB has steadily declined by over 4.90% in the past week, charted in red. The meme coin slipped from the $0.00001966 range to $0.00001629. The volatile market occupied space for SHIB, for a possible reversal from the bearish momentum. On the other hand, around 6 billion SHIB tokens were burned in 105 transactions in October. Moreover, billions of SHIB were transferred to dead wallets and this reduces the total supply of SHIB. Can SHIB Gain More Ground? SHIB’s technical indicators highlight the bullish sentiment. The Moving Average Convergence Divergence (MACD) line is settled above the signal line, inferring the current positive outlook, which might lead to the incoming bull run. SHIB chart (Source: TradingView) Besides, the Chaikin Money Flow (CMF) indicator suggests an increased money flow as the value sits at 0.16. While the daily trading volume of SHIB has increased by over 43%. Moreover, the daily relative strength index (RSI) is positioned at 58.92, suggesting the neutral condition of the asset. In addition, the asset’s short-term 9-day MA is found below the long-term 21-day MA. If the meme coin bulls sustain the upside momentum, the immediate resistance is likely to be found at $0.00001812. Consequently, SHIB might test a higher resistance at the $0.00001910 range. On the flip side, if SHIB fails to hold the bullish ground, the price might slip to the nearby support at $0.00001681. The subsequent support of the meme coin could be found at $0.00001587. 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. Highlighted Crypto News Will Solana (SOL) Cross $185 Post US Election Results?
 
In the dynamic world of cryptocurrency, meme coins have emerged as a unique phenomenon, experiencing a rapid ascent. From the inception of Dogecoin to the recent wave of innovative projects, meme coins have not only disrupted traditional investment logic but are also shaping a new cultural trend. What underlying principles are fueling the rise of meme coins? And how will new projects stand out in this market? This article delves into the current state, trends, and potential of the meme coin market, focusing on how emerging projects like $FISH are poised to lead the way forward. 1. Current State and Development Trends of the Meme Coin Market 1.1 The Rise of Meme Coins and Market Performance According to historical data from CoinGecko, as of October 2024, the market capitalization of meme coins has exceeded $70 billion, with 10 meme coins ranked among the top 100 cryptocurrencies. This phenomenon is not coincidental but rather the result of several contributing factors: Investor Appetite for High Returns: Meme coins, with their high volatility and potential for substantial returns, have attracted a significant number of speculators. Growing Community Power: Strong community consensus and engagement have endowed meme coins with lasting vitality. Viral Spread on Social Media: Platforms like Twitter and Reddit have amplified meme coins through viral sharing, contributing to their popularity. 1.2 Rapid Emergence of New Projects Among the many meme coins, recent projects like PEPE, WIF, BONK, POPCAT, and MEW have captured market attention through unique concepts and robust community management. These projects share several common traits: Innovative Storytelling: Leveraging internet culture and trending events, they create distinctive narratives. Active Community Engagement: By maintaining close interaction with users on social media and forums, they build a loyal base. Efficient Marketing: Through influencers and celebrity endorsements, these projects quickly broaden their reach. Many successful meme coin projects have undergone extended periods of growth and consolidation, underscoring the importance of time in validating their potential. Data shows that, on average, these projects require approximately 162.7 days to reach their peak price, indicating that long-term viability enhances their stability: Time-Proven Stability: Projects that endure over time build credibility through market validation. Community Consensus Development: Sustained community operations foster deeper user loyalty and emotional connection. 2. The Multifaceted Logic Behind the Rise of Meme Coins Community as the Core of Meme Coins In the decentralized crypto world, community consensus is the lifeblood of any project. For example: BITCOIN (HarryPotterObamaSonic10Inu): This project combines multiple elements of popular culture, drawing in users from diverse backgrounds. SPX (SPX6900): By creating a narrative around an anime girl surpassing the S&P 500’s market cap, it establishes a unique cultural identity. These projects leverage deeply resonant cultural elements, fostering a strong sense of emotional belonging among users and building formidable community cohesion. High Returns Satisfy Investor Aspirations for Wealth Growth Meme coins’ high returns cater to investors’ desire for significant financial gains: GIGA (GigaChad): After its launch, it achieved a maximum increase of 245,000 times, creating an impressive wealth effect. MOG (Mog Coin): As the first coin based on emoji culture, it saw a peak increase of over 16,000 times. This wealth effect not only attracts a large influx of new investors into the market but also boosts overall market activity. Celebrity and Influencer Involvement as Catalysts for Meme Coin Popularity The participation of celebrities and key opinion leaders (KOLs) has significantly boosted the reach of meme coins. Elon Musk’s Support for Dogecoin: Musk’s endorsement transformed Dogecoin from a joke to a globally recognized cryptocurrency. MOODENG’s Success: The project gained rapid traction by leveraging the popularity and influence of internet-famous animal Moo Deng. Media exposure and public attention driven by celebrity endorsements often elevate a project’s visibility and market cap in a short time. Innovative Concepts and Narratives as Pathways to User Engagement Original storytelling and a first-mover advantage are crucial to capturing users’ attention quickly. GOAT (Goatseus Maximus): This project, the first AI-promoted meme coin, used the brand recognition of a16z to gain an early foothold in the market. Daram: By combining the BRC20 standard with meme qualities, Daram opens a new channel for issuing meme assets. First-mover advantage has enabled these projects to stand out, attracting substantial capital and user attention, thereby contributing to the successful establishment of these meme projects. 3. Emerging Trends, Challenges, and Opportunities in the Meme Coin Market With continuous advancements in blockchain technology, the meme coin market is undergoing profound transformation. AI-Optimized Project Management: Leveraging AI to enhance operational efficiency and improve user experience. AI-Driven Trading Strategies: Utilizing AI to optimize investment strategies, reshaping how the market functions. The widespread adoption of Web3 technology, paired with the boundless potential of the metaverse concept, as well as strengthened community autonomy and consensus mechanisms, provide meme projects with powerful tools to break new ground. The rise of Decentralized Autonomous Organizations (DAO) enables community members to participate in project governance more equitably. Key highlights include: Decentralized Identity (DID): Offers improved user management and community governance for meme coin projects. Advances in Cross-Chain Technology: Breaks down barriers between blockchains, promoting interoperability for meme coin projects. Integration of Virtual Reality and Memes: Opens new application areas for meme coins, blending virtual and real-world experiences. Enhanced Project Transparency: DAOs facilitate transparency in decision-making. Increased User Engagement: Each user has the opportunity to contribute to the project’s growth and development. While meme coins offer significant opportunities, they also come with inherent risks that demand careful consideration of market volatility and investment strategies. The high volatility of meme coins brings both risks and rewards. However: Sharp Price Fluctuations: Could lead to substantial losses for investors. Potential for Market Manipulation: With high token concentration, meme coins are vulnerable to market manipulation by large holders. For those considering meme project investments, a rational approach is essential: Diversify Investments: Reduces the risk associated with a single project and balances the portfolio. Conduct Thorough Research: Understanding a project’s background, team, and community can help avoid speculative decisions. Hold for the Long Term: For projects with potential, a long-term holding strategy can yield greater returns. 4. The Bold Leap Led by $FISH: The Rise of Flying Fish Amid the wave of meme coins, the Flying Fish ($FISH) project stands out as a new entrant leading a bold leap forward. The symbolism and cultural significance of Flying Fish are profound: Courage and Freedom: The flying fish’s ability to leap from the water represents a spirit of self-transcendence and freedom. Speed and Agility: Known for swift movement, the flying fish embodies efficiency and agility. Mystery and Enchantment: The mysterious allure of the flying fish sparks curiosity. Ocean and Vitality: Residing in the ocean, it symbolizes abundant vitality and boundless possibilities. In the Web3 landscape, $FISH aims to achieve decentralized financial freedom and democratization, allowing all users to participate and benefit fairly in the meme coin market. By implementing community-resonant incentive mechanisms, it addresses common challenges in the meme coin space, fostering a healthy, sustainable meme ecosystem. The launch of 142Pact accelerates the development of the meme minting platform, enabling the community to progress steadily and injecting fresh energy into the meme coin market. Community members benefit as shareholders, reaping the rewards of the meme coin surge. The symbolism of “142” represents: Focus: Staying true to the project’s original vision and dedicated to its growth. Loyalty: Building trust through loyalty to the community and its users. Stability and Longevity: A commitment to the project’s long-term, steady development. Market Advantages of $FISH Supply of 100 Billion Tokens: Ample market liquidity to meet investor demand. Unique Meme Concept: The innovative and distinctive flying fish imagery enhances its viral potential. Strong Community Support: Active community engagement reinforces the project’s vitality. 142 Protocol Synergy: Combining $FOMO and $FISH in a dual-cycle approach to drive price momentum. Future Outlook for $FISH Technological Innovation: Integration of AI and Web3 technologies to enhance project competitiveness. Global Strategy: Expanding into international markets to attract a global user base. Ecosystem Development: Building a complete ecosystem, including DApps, NFTs, and a trading marketplace. 5. Impact of $FISH on Public Chain Ecosystems As $FISH gains popularity, it is likely to attract a significant number of Web2 users into the crypto market, driving user growth, transaction volume, and activity within public chain ecosystems. This influx of new participants boosts liquidity and enhances the overall market’s fluidity. Promotion of Technological Innovation and Ecosystem Diversity: The rise of FlyFish inspires technological advancements, enriching the public chain ecosystem. DApp Development: Increased developer participation fosters a more diverse range of DApps. Integration with DeFi and NFTs: The combination of $FISH with DeFi and NFTs creates new application scenarios. 6. Investor Strategies and Recommendations Adopt a Rational Perspective on Meme Coins’ High Returns Avoid Blindly Following Trends: Stay cautious of high returns and remain aware of potential risks. Conduct Thorough Research: Evaluate project fundamentals, including the team, technology, and community. Diversify Investments to Mitigate Risk Portfolio Diversification: Avoid placing all funds into a single project. Focus on Long-Term Value: Select promising projects for long-term holding. Monitor Market Trends and Adjust Strategies Promptly Stay Informed: Keep an eye on market news and regulatory changes. Adjust Positions as Needed: Adapt investment strategies based on market conditions. 7. Summary Future Trends for $FISH Deepening Technological Integration: As $FISH combines with AI, the metaverse, and other technologies, new application scenarios will emerge. Strengthening Community-Driven Growth: The community will continue to play a central role in project development. Meme Traffic and Unique IP: The consensus within the $FISH community aims to establish a distinct global IP and cultural identity. Opportunities for $FISH Unique Positioning: The novel concept of $FISH sets it apart with a differentiated advantage. Market Potential: The meme coin market still holds vast opportunities. Recommendations for Investors Exercise Caution and Invest Wisely: Be mindful of market risks to make sound investment decisions. Engage with the Community: Actively participate in community activities to gain deeper project insights. 8. Conclusion The rise of meme coins is not just a market phenomenon but a fusion of culture and technology. In this era filled with both opportunities and challenges, the success of any project relies on innovative concepts, a robust community, and a sound strategy. As a new entrant in the meme coin landscape, Flying Fish ($FISH) is spearheading a bold leap forward with its distinctive cultural significance and technological innovation. Looking ahead, as more remarkable projects join the field, the meme coin market is poised for even greater prosperity, contributing to the growth of the entire cryptocurrency ecosystem. Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. 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.
 
Through the partnership, YOM will be able to take use of io.net’s extensive worldwide network of GPUs. Gamers will be able to enjoy consistent, low-latency gaming experiences regardless of their physical location or network demands. In an effort to increase access to top-notch gaming experiences, leading decentralized GPU infrastructure network io.net has partnered with cloud gaming decentralized network (DePIN) YOM. Through the partnership, YOM will be able to take use of io.net’s extensive worldwide network of GPUs to improve its cutting-edge pixel streaming capabilities. In comparison to conventional centralized server solutions, the DePIN platform will drastically save costs while enabling the smooth, low-latency delivery of AAA gaming experiences to gamers worldwide with the help of io.net. Tausif Ahmed, VP of Business Development at io.net stated: To assist areas where individual nodes have not yet been established and to manage overflow during times of high traffic, YOM plans to make use of the network of io.net. As a consequence, gamers will be able to enjoy consistent, low-latency gaming experiences regardless of their physical location or network demands. Andrew Pringle, CEO of YOM said: Voice chat, multiplayer functionality, cross-device controls, and extensive analytics are all part of YOM’s extensive feature set. By using a distributed network of gaming machines, the platform successfully removes the need for specialized game consoles (Xbox, Playstation) and platforms like Steam by providing low-latency, near-zero cost cloud gaming to any device and channel.
 
Partnership to Combine AI and IoT Integration with Luxury Vehicle Design for Optimized Smart Mobility Solutions Dtec, a leading innovator in AI-powered smart assistance technology with DePIN and IoT architecture, is thrilled to announce its global partnership with DİZAYNVIP, a premier luxury vehicle design company. This strategic collaboration marks a significant milestone in Dtec’s AI and Web3 mission to revolutionize smart mobility by integrating state-of-the-art technology with high-end design. The partnership will focus on creating advanced AI-driven solutions that elevate both the functional and aesthetic aspects of modern vehicles. With Dtec’s expertise in artificial intelligence (AI), IoT systems and Web3, combined with DİZAYNVIP’s excellence in luxury vehicle design, the collaboration aims to deliver unprecedented experiences for drivers and passengers alike. AI-Based Smart Assistant Meets Luxury Design Through this collaboration, Dtec’s AI-powered vehicle assistant, Dtec Assistant (DtecA), and its IoT ecosystem will be seamlessly integrated into DİZAYNVIP’s custom vehicle projects. This fusion will offer a unique blend of intuitive technology, providing users with cutting-edge features like remote control of home IoT systems, advanced AI vehicle interactions, and seamless communication between vehicles and other smart devices. Key Highlights of the DİZAYNVIP and Dtec Partnership DİZAYNVIP, which has transformed nearly 4 thousand vehicles for 35 years, is starting the journey of artificial intelligence technology with Dtec in vehicles with its innovative approach. AI-based Dtec Assistant integration will power DİZAYNVIP’s luxury vehicle business with voice-activated control, IoT device management, and personalized AI-driven experiences. Dtec is driven by a pioneering team of experts at the intersection of AI, blockchain, and IoT technologies. With a wealth of experience in these fields, the team is committed to transforming how people interact with connected vehicles. The Dtec team consists of forward-thinking leaders, cryptography specialists, and AI engineers who have previously delivered groundbreaking solutions in both the automotive and tech industries. By leveraging Blockchain technology with Depin architecture, Dtec encourages users to actively participate in data sharing, creating a balanced economic system. This approach not only expands the AI resource pool and ecosystem but also grows the user base, positioning Dtec ahead in the highly competitive AI market. CEO of Dtec, Doğan Mutluol expressed his thoughts on the partnership: Chairman of DİZAYNVIP, Erbakan Malkoç stated that; “We have produced the ‘smartest car’ using artificial intelligence. When you get in the car, Dtec greets you and communicates with you during your driving experience. You can receive all the answers and responses to anything you ask. This partnership with Dtec is a natural step towards the future of smart, luxury vehicles. Together, we are pushing the boundaries of what is possible in terms of design and functionality, ensuring that our clients experience the best of both worlds.” Driving the Future of Smart Mobility The companies are also exploring opportunities to expand their joint efforts into smart cities and electric vehicle integration, ensuring that their solutions are not only cutting-edge but also eco-friendly and aligned with the future of transportation. For more information on the Dtec and their upcoming partnerships, roadmap and developments follow Dtec on X https://x.com/DtecToken — About Dtec Dtec is an AI-powered vehicle technology, IoT integration, and blockchain solutions. With its flagship products—Dtec Assistant (DtecA), Dtec Token (DTEC), and Dtec Brain (DtecB) —Dtec is reshaping the future of smart mobility and connected living with its AI based solution with leveraging blockchain technology focusing on the Web3 ecosystem. To learn more, visit https://dtec.space About DİZAYNVIP Award winning DİZAYNVIP is a luxury vehicle design company known for its bespoke creations that blend cutting-edge technology with aesthetic excellence. Specializing in custom automotive projects, DİZAYNVIP delivers unrivaled design experiences to clients worldwide. Dizaynvip, appeals to customers from many countries, from China to Dubai, from the USA to Saudi Arabia. Founded in 1992, DİZAYNVIP currently offers world-class service with its 20,000 square meter modern factory and over 200 professional teams. In addition to being a globally recognized brand, DİZAYNVIP has won many awards internationally: The Best Automobile Design Award in Europe at the International Brand Leaders Summit in 2013, World’s Best Technology Utilizing Company in Automobile Design Award at the prestigious IMA IMPACT Technology Summit in the US in 2014.To learn more, visit http://www.dizaynvip.com/ Media info: Contact person Emre İslek, Product Director Company Email: [email protected] Company Website: https://dtec.space 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.
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