Trump has embraced Shiba Inu to boost his campaign’s cryptocurrency fundraising efforts, highlighting a notable shift in political finance. The inclusion of Shiba Inu not only broadens his campaign’s financial strategies but also positions it appealingly among cryptocurrency enthusiasts. 

Simultaneously, IRNDR price predictions indicate positive prospects for the Render Token (RNDR), which plays a crucial role in the crypto market. In the meantime, BlockDAG has soared as a leading cryptocurrency following its successful presentation in Shibuya, skyrocketing its valuation with a remarkable $37.8 million in funds raised. With a staggering 10.3 billion coins now distributed and a price increase of 850%, BlockDAG has captivated substantial investor interest.

Trump Campaign Adopts Shiba Inu for Donations

In an unprecedented move, Trump has incorporated Shiba Inu into his campaign’s cryptocurrency fundraising efforts. This initiative, unveiled through an official press release, marks the first occasion a major party Presidential nominee has adopted such a comprehensive array of digital currencies, including Bitcoin and Ethereum. Donations are processed via Coinbase Commerce, enabling straightforward wallet transactions.

Trump’s decision to utilize Shiba Inu is aimed at diversifying the financial sources for his campaign while catering to the preferences of cryptocurrency aficionados. This move starkly contrasts with the skepticism displayed by Democratic figures such as President Biden and Senator Warren. Through the adoption of Shiba Inu and other cryptocurrencies, Trump’s campaign exhibits a progressive, finance-savvy approach.

IRNDR Price Prediction: Anticipating Future Movements

This analysis delves into the prospective dynamics of the Render Token (RNDR), which is aimed at facilitating the rendering and streaming of complex virtual content on a peer-to-peer network. Positioned 25th in market capitalization according to CoinMarketCap, RNDR holds significant prominence in the crypto realm. 

At the moment of this analysis, RNDR was valued at $10.66. If the upward trend persists, RNDR might hit resistance levels at $13.838 and $15.997. Conversely, a reversal in the trend could see the token dip to support levels of $1.520 and $0.380. This prediction underscores the potential volatility in RNDR’s value.

BlockDAG: A Global Crypto Phenomenon

BlockDAG is advancing rapidly within the cryptocurrency sphere, thanks to its vigorous marketing strategies. Contrary to many presale ventures, BlockDAG has recorded exceptional success, with its presentation in Shibuya propelling its crypto presale to a striking $37.8 million. This event has become a focal point among crypto investors, providing them with detailed insights into BlockDAG’s capabilities and prospects. 

The presentation was extensively acclaimed, significantly boosting BlockDAG’s price to $0.0095 in batch 16. BlockDAG’s global presence, marked by events such as appearances at Piccadilly Circus, has greatly enhanced its presale efforts. This widespread recognition has cemented BlockDAG’s status as a leading cryptocurrency, drawing substantial investor interest.

BlockDAG’s platform, equipped with advanced low-code/no-code technology, streamlines the creation of utility tokens, meme tokens, and NFTs. With ready-made templates, users can seamlessly align their projects with their visions, attracting considerable attention from developers and adding to the robust interest in BlockDAG’s presale.

Conclusion: BlockDAG Outshines Shiba Inu and IRNDR

While Trump adopts Shiba Inu to diversify his campaign’s financial resources and “IRNDR price prediction” anticipates potential market movements, BlockDAG emerges as the standout “top trending crypto” with a presale amounting to $37.8 million and 10.3 billion coins sold following a triumphant keynote. As the presale continues, BlockDAG offers an outstanding investment opportunity, outperforming the other two cryptocurrencies.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post Trump Adopts Shiba Inu; BlockDAG’s 10.3B Coin Sale Shines After Keynote Triumph Amid IRNDR Trends appeared first on Blockonomi.

Singapore, 1st June 2024– WEEX, the futures-friendly trading platform, will officially launch its global ecosystem incentive token WEEX WXT Presale, kicking-off with the WXT “Ribbon-Cutting Event” on June 1st, 2024.

Affiliates can participate in the WXT Presale by inviting new users to register, and earn points based on the activity of those users. Using their total proportion of points, Affiliates can subscribe to WXT at a 30% discount at the conclusion of the first-round of the presale.

New users can participate in the WXT “Ribbon-Cutting Event” by completing tasks such as registering their new account, submitting KYC, making a deposit, and engaging in futures trading to receive free WEEX WXT airdrops. A single user can receive up to 198,700 WXT, while contributing up to 1,000 points to the affiliate they registered through, during this period.

In addition to these exclusive new user campaigns, existing users of WEEX will be able to participate in daily platform activities to receive free WEEX WXT airdrops. Moreover, both new and existing users can participate in trade mining and other TGE ( Token Generation Event ) of WXT on WEEX.

Affiliates Purchase at a 30% Discount, New Users Receive Free Tokens

The WEEX WXT Presale is divided into three stages:

–Registration Stage (June 1st to 30th): Affiliates can register to participate in the Presale campaign, recruit new users, and earn points.

For every 100,000-point accumulation milestone that is reached by all affiliates, an additional 10 million WXT will be unlocked and added to the total prize pool, starting from an initial prize pool of 10 million WXT. The maximum prize pool that can be unlocked through this system is capped at 70 million WXT.

 

Affiliates will receive their WXT subscription allocation based on their points proportion. Example: If the total points are 700,000, the total WXT prize pool is 70 million. Affiliate A has 50,000 points, so their WXT subscription allocation is 5/70 * 70,000,000 = 5,000,000 WXT.

The collective points and WXT prize pool will be announced in real-time on the WEEX official website. Affiliates can log in to the WEEX website to view their “New Users Invited”, “My Points”, and “Amount available for subscription” data, and check their ranking on the leaderboard, ensuring full transparency.

–Subscription Stage (July 1st to 7th): Affiliates can purchase WXT using USDT at a 30% discount. The issuance price of WXT is $0.01 per token, making the purchase price for affiliates $0.007 per token.

–WEEX WXT Distribution and Lock-up (July 8th to 12th): WXT purchased through this Presale campaign will be distributed to affiliates and locked for one year, then released linearly every month over the next 12 months.

The primary goal of the Presale campaign is to incentivize affiliates to invite more users to register and trade on WEEX by offering WXT at a discounted price, supported by the “Ribbon-Cutting Ceremony,” which offers up to 198,700 WXT airdrop rewards per user. This way, affiliates benefit from a 30% discount, and new users receive free tokens, benefiting both the inviter and the invitee.

WXT: Incentivized Ecosystem, Growing with More Affiliates

WEEX Token (WXT) is an ERC-20 token launched by WEEX Global, designed as the cornerstone of the WEEX ecosystem. It serves as a dynamic incentive mechanism, primarily used to reward WEEX Exchange community affiliates, contributors, pioneers, and active members.

 

WEEX has always adhered to the philosophy of ‘Community First’, and delivering a secure, reliable, engaging user experience to our loyal WEEXers has been our #1 priority since launch. Now, with WXT, we can allocate a portion of the profits created by our audience to issue and subsidize WXT, aiming to enhance the value we provide our partners, affiliates, and traders through this new utility.

said Andrew Weiner, VP of WEEX Global.

 

To fulfill the initial goal of ecosystem incentives and sharing development dividends with the community, WEEX WXT is designed as a utility token with a rich range of use cases and empowerment mechanisms, including nearly ten exclusive benefits for holders such as Launchpad event access, trading fee discounts, and VIP exclusive rights, as well as a buyback and deflation mechanism to ensure long term stability.

The total supply of WEEX WXT is 10 billion, with 65% allocated entirely for WEEX ecosystem incentives, including: 15% for the Investor Protection Fund (to protect user asset security and enhance trust), 15% for holding incentives (to encourage users to  hold long-term), 15% for new user acquisition (to increase user volume and trading volume), 15% for KOL cooperation/brand building (to enhance brand awareness), and 5% for private sales to affiliates (to bind more external resources).

This allocation mechanism not only reflects the intention of an incentive ecosystem and growing with more affiliates, but also makes the WEEX WXT holding addresses decentralized.

For the token release cycle, 65% of WEEX WXT has a lock-up period of up to 5 years; 5% for affiliate private sales is locked for one year, then released linearly over 12 months starting in the second year; the remaining 15% of the Investor Protection Fund and 15% of the WEEX WXT Ecosystem Fund are also for long-term holding. The short-term release pressure would be minimal and the token price could increase after the WEEX WXT is listed.

Both the allocation mechanism and the release cycle reflect WEEX WXT’s commitment to giving back to the community and expanding the exchange ecosystem in the long term, rather than short-term profit-making through token issuance. This philosophy is also evident for the WXT Presale: the end goal is to attract and acquire new users.

As the WEEX platform continues to grow, the price of WEEX WXT is bound to increase, achieving mutual empowerment and feedback between the exchange and the platform token, forming a positive growth flywheel: more users and larger trading volume → more income and profit → more platform token buyback and burn → greater community incentives → better platform development.

WEEX: Challenging Zero Fees

WEEX started with futures copy trading, hyperscaling into new markets with affiliates as the primary point of introduction. With advantages in trading depth, a 1,000 BTC audited customer protection reserve fund, and multiple licenses globally, WEEX quickly emerged as a leading challenger-brand in the competitive cryptocurrency exchange market, growing its futures contract business by 3,000% throughout the “Crypto Winter” of 2022, and entering the black of profitability by the end of that same year.

In 2023, WEEX maintained its rapid growth, ranking among the top ten derivative exchanges on CMC. That year, WEEX completed a new round of financing led by the Korean listed company FSN (214270.KQ) at a valuation of $100 million, leveraging local advantages from Korean Web3 affiliates to accelerate its expansion in the Korean market. Simultaneously, WEEX accelerated its token listing pace to address the shortage of platform tokens available to consumers. To date, WEEX has listed over 300 futures trading pairs and more than 200 spot trading pairs.

In 2024, to further accelerate its globalization strategy, WEEX introduced a zero-fee policy—supporting zero-fee trading for all spot tokens and new futures trading pairs, making it one of the lowest-cost trading platforms globally. Additionally, WEEX invited former MEXC Global VP Andrew Weiner to join as WEEX Global VP, leveraging his extensive industry experience and resources to assist in global market expansion.

With the launch of the WXT platform token, WEEX is poised to achieve a significant growth milestone. Their slogan, “Where New Wealth is Made,” reflects their ambitious vision for the future. By leveraging WXT, WEEX plans to expand its network of affiliates and utilize external resources, thereby enhancing its competitiveness in the global market.

Historical data shows that platform tokens have always been one of the highest value-added segments in the crypto market. According to public data, the ATH (All-Time High) of BNB, CRO, and OKB increased by 6,863 times, 65 times, and 74 times respectively from their private sale prices. Besides the noticeable price increases, platform token holders can also enjoy exclusive benefits such as launchpad, fee discounts, and financial returns, with indirect investment returns being immeasurable. According to a CoinGecko report, Binance Launchpad projects in 2022 and 2023 had returns ranging from 11 times to 411 times the initial investment, with the top three AXS, MATIC, and SAND reaching maximum increases of 1,649 times, 1,110 times, and 1,008 times respectively.

However, after continuous rounds of skyrocketing growth, the major exchange platform tokens are now rather expensive. In contrast, the upcoming WEEX WXT, backed by the strong capital and rapid growth of WEEX, undoubtedly has a higher risk-reward ratio advantage, making it an ideal investment for investors who favor such projects.

 

WEEX Official Website: https://www.weex.com

About WXT: https://www.weex.com/wxt

WEEX Mandarin Community: https://t.me/weex_group

Official X: https://x.com/WEEX_Official

The post WEEX Launches WXT Presale: Affiliates Can Purchase at a 30% Discount with Invitation Points appeared first on Blockonomi.

TLDR

Pudgy Penguins, an Ethereum NFT project, is partnering with Mythical Games to create a AAA mobile game.

The game will launch in 2025 on the Mythos Chain, a Polkadot-based gaming network.

Mythical Games is known for developing successful blockchain games like NFL Rivals and Blankos Block Party.

The game will draw upon the lore and humor of the Pudgy Penguins characters while offering high-quality gameplay and accessibility.

Pudgy Penguins holders will receive exclusive content and have the opportunity to provide feedback during the game’s development.

Pudgy Penguins, the beloved Ethereum NFT project known for its colorful and quirky characters, has announced a  partnership with Mythical Games to develop a AAA mobile game.

The collaboration brings together the creative force behind the Pudgy Penguins IP and the expertise of Mythical Games, a studio renowned for developing successful blockchain games such as NFL Rivals and Blankos Block Party.

HUGE news from @playmythical at #Consensus2024 – they are building a new @pudgypenguins game! I’ve always been bullish on The Huddle & @LucaNetz ???? Pudgy has the best parties IRL, now who’s excited to play with me in the game?????????????‍???? pic.twitter.com/svmL9tYKlg

— Cryptoxic ???? (@cryptoxicETH) May 30, 2024

The upcoming mobile game, set to launch in 2025, will be built on the Mythos Chain, a Polkadot-based gaming network spearheaded by Mythical Games.

With over one million active wallets, the Mythos Chain provides a robust platform for the game to reach a wide audience of players.

Luca Netz, CEO of Pudgy Penguins, expressed enthusiasm for the partnership, stating that the combination of Pudgy Penguins’ growth strategy and Mythical Games’ gaming expertise sets the project up for success.

The game aims to capture the essence of the Pudgy Penguins brand, drawing upon its lore and humor while delivering high-quality gameplay and accessibility.

John Linden, co-founder and CEO of Mythical Games, highlighted the importance of strong communities and great gameplay in the evolving world of Web3 gaming.

He noted that Pudgy Penguins has achieved mainstream success through partnerships with major retailers like Walmart and Target, as well as its growing social media presence.

Linden believes that the collaboration between Pudgy Penguins and Mythical Games will further push Web3 adoption among mainstream consumers.

Over 1,000,000 toys sold in the last 12 months as @pudgypenguins continues it's expansion in retailers all over the world.

Who would've thought that the Consumer Crypto revolution was going to be lead by fat flightless birds. pic.twitter.com/E8jmSICwlt

— Luca Netz ???? (@LucaNetz) May 12, 2024

In the lead-up to the game’s release, Pudgy Penguins holders will be treated to exclusive content, sneak peeks of in-game footage, and opportunities to help shape key aspects of the game’s development.

The post Pudgy Penguins Mobile Game to Launch on Mythos Chain in 2025 appeared first on Blockonomi.

TLDR

The Sandbox and Food Angel have launched ‘Food Rescue World’, a gaming experience in The Sandbox metaverse to raise awareness about food conservation and help those in need.

Players can complete virtual quests to understand the food rescue process and earn coupons from local partners to directly support Food Angel’s initiatives.

Food Angel rescues 45 tonnes of edible surplus food each week, producing over 20,000 nutritious meals and distributing over 11,000 meals and food packs daily.

The Sandbox supports various charitable causes worldwide, and Food Angel joins organizations such as UNICEF, the French Red Cross, Nori, and WeForest.

The partnership showcases the potential of “Metaverse for Good”, where virtual worlds are used to make a significant impact on real-world charitable causes.

The Sandbox, a prominent decentralized gaming virtual world and subsidiary of Animoca Brands, has joined forces with Food Angel, a Hong Kong-based charity, to launch the Food Rescue World gaming experience within The Sandbox metaverse.

This groundbreaking partnership, announced on May 31, 2024, marks Food Angel as the first social enterprise or non-governmental organization (NGO) in Hong Kong to venture into The Sandbox, highlighting the potential of using virtual worlds to make a tangible impact on real-world charitable causes through the “Metaverse for Good” initiative.

In celebration of World Food Rescue Week 2024, players are encouraged to explore Food Rescue World within The Sandbox and assist Food Angel’s mascot, Rice Boy, in completing a series of virtual quests.

These quests involve collecting surplus food from markets, processing it in a central kitchen, and distributing meals to underprivileged families.

Through this immersive metaverse experience, players gain a deeper understanding of the food rescue process while raising awareness about the importance of food conservation and sharing surplus food with those in need.

By successfully completing all quests in Food Rescue World, players can earn coupons from local partners Lalamove and Maxim’s, enabling them to directly support Food Angel’s initiatives.

Ms. Gigi Tung, founder of Food Angel, expressed her enthusiasm for the collaboration, stating,

“By utilizing the power of the metaverse to expand our reach to the next generation, we hope to build a deep collaboration with The Sandbox. This innovative approach provides a new way to promote and ensure a sustainable future for our cause.”

The Sandbox Hong Kong team, along with their Trusted Partners GoGoBox and Chord Hero, recently visited Food Angel’s kitchen to prepare food ingredients and meal boxes, fostering a hands-on collaboration that bridges virtual and real-world efforts.

Food Angel, launched in 2011 by the Bo Charity Foundation, operates a food rescue and food assistance program with the mission of “Waste Not, Hunger Not, With Love”.

The program rescues edible surplus food from various sectors of the food industry that would otherwise be discarded as waste.

Following strict safety protocols, the rescued food items are prepared as nutritious meals in central kitchens and distributed as food packs to underprivileged communities in Hong Kong. Currently, Food Angel rescues 45 tonnes of edible surplus food each week, producing over 20,000 nutritious meals and helping distribute over 11,000 other meals and food packs daily, free of charge, to those in need of food assistance.

The Sandbox, a subsidiary of Animoca Brands, is an immersive metaverse platform that allows users to play, create, and monetize unique experiences alongside their favorite brands, IPs, and celebrities across various aspects of culture.

The platform leverages Web3 technologies to enable end-user creation and creator economies, providing both players and creators with true ownership of their assets, creations, and rewards in the form of non-fungible tokens (NFTs).

As Sebastien Borget, co-founder and COO of The Sandbox, stated,

“We are proud that The Sandbox team, creators, and players can get involved in Hong Kong Food Angel and make a difference in the lives of local people in need by taking part in the Food Rescue World experience.”

The post Food Rescue World: Blending Gaming and Charity in The Sandbox Metaverse appeared first on Blockonomi.

TLDR

Terraform Labs and its co-founder, Do Kwon, have reached a “settlement in principle” with the SEC in a civil case alleging fraud.

The settlement comes less than two months after a Manhattan jury found Terraform Labs and Kwon liable for misleading investors about the stability of their products.

The SEC had sought a $5.3 billion penalty, while Terraform Labs argued for a lower penalty of $1 million and against disgorgement from affiliated entities.

The settlement terms are expected to be finalized and submitted for court approval by June 12, 2024.

Do Kwon is currently on bail in Montenegro, awaiting extradition to either the U.S. or South Korea, where he faces criminal charges.

In the ongoing legal saga surrounding Terraform Labs and its co-founder, Do Kwon, the parties have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) in a civil case alleging fraud.

The agreement comes less than two months after a Manhattan jury found Terraform Labs and Kwon liable for misleading investors about the stability of their algorithmic stablecoin, TerraUSD (UST), and the associated LUNA token.

The collapse of the $40 billion Terraform Labs ecosystem in May 2022 triggered a widespread contagion in the cryptocurrency industry, leading to a prolonged “crypto winter” and significant losses for investors.

The SEC subsequently filed a civil case against Terraform Labs and Kwon, accusing them of offering unregistered securities and making false claims about the stability and investment potential of their products.

News of the settlement in principle emerged from a court filing on Thursday, which referenced a May 29 telephone conference attended by counsels for all parties.

The scheduled oral arguments were canceled as a result of the agreement, and the parties are required to submit documentation in support of the settlement to Judge Jed S. Rakoff by June 12, 2024.

Following the April verdict, the SEC had sought a substantial penalty of $5.3 billion, its steepest fine yet imposed on a cryptocurrency project. Terraform Labs countered, arguing for a significantly lower penalty of $1 million and objecting to disgorgement from affiliated entities not directly named in the SEC’s case, such as the Luna Foundation Guard.

In addition to the financial penalties, the SEC had proposed a prohibition on Do Kwon’s roles as an officer or director in any securities-issuing entity and demanded full disclosure of his financial accounts and assets. Kwon, however, claimed that providing such details would violate his Fifth Amendment rights against self-incrimination.

The settlement news had an immediate impact on the cryptocurrency market, with Terra’s LUNA token surging by as much as 38% to its highest level since April 12, according to data from coingecko.

LUNA Token Price at Coingecko

.

While the settlement with the SEC marks a significant milestone in the Terraform Labs case, Do Kwon continues to face legal challenges on multiple fronts.

The embattled crypto entrepreneur is currently on bail in Montenegro, awaiting extradition to either the United States or South Korea, where he faces criminal charges related to the collapse of the Terraform Labs ecosystem

The post Do Kwon Faces Ongoing Criminal Charges, Extradition Proceedings Despite SEC Settlement appeared first on Blockonomi.

TLDR

Beam (BEAM) experiences a 25% price surge following its listing on Upbit, South Korea’s largest cryptocurrency exchange.

The listing has provided BEAM with increased visibility and accessibility, driving up demand and trading volumes.

BEAM is trading at $0.331 with a market cap of $1.65 billion, and its price has risen by 25.06% over the past seven days.

The $BEAM token is integral to the Beam gaming network, serving as the primary currency for transactions and smart contract interactions within the ecosystem.

The cryptocurrency market has witnessed a significant development as Beam (BEAM), the native token of the innovative Beam gaming network, experienced a remarkable 25% price surge following its listing on Upbit, South Korea’s largest cryptocurrency exchange.

BEAM Price at Coingecko

This milestone has not only bolstered BEAM’s market performance but also shed light on the growing importance of the Beam ecosystem in the gaming industry.

Upbit’s decision to list BEAM has proven to be a catalyst for the token’s price rally, as the exchange’s extensive user base and market reach have significantly increased BEAM’s visibility and accessibility.

Welcome Korea! https://t.co/wrSiTIqJgg

— Merit Circle (@MeritCircle_IO) May 31, 2024

The listing, which includes trading pairs against Korean Won (KRW), Bitcoin (BTC), and Tether (USDT), has attracted a diverse group of investors and traders, leading to a substantial increase in trading volumes.

At the time of reporting, BEAM is trading at $0.331, boasting a market capitalization of $1.65 billion. Over the past seven days, the token’s price has surged by an impressive 25.06%, outperforming both the global cryptocurrency market and similar Ethereum Ecosystem cryptocurrencies.

This outstanding performance highlights the strong investor confidence and positive market sentiment surrounding the Beam project.

The $BEAM token serves as the backbone of the Beam network, a cutting-edge gaming ecosystem powered by the Merit Circle DAO.

Designed to foster collaboration between gamers and developers, Beam aims to revolutionize the gaming industry by integrating blockchain technology seamlessly.

The Beam SDK, a versatile software development kit, provides game developers with the tools necessary to create immersive and engaging gaming experiences.

Within the Beam ecosystem, the $BEAM token plays a crucial role as the primary currency for transactions and smart contract interactions.

By enabling the transfer of assets and facilitating seamless interactions within the network, $BEAM adds significant value to the ecosystem, enhancing its utility and appeal to both gamers and developers.

As the Beam network continues to gain traction, the recent price surge and increased trading activity surrounding the $BEAM token demonstrate the growing recognition of its potential.

The post Beam (BEAM) Price Soars 25% After Upbit Exchange Listing appeared first on Blockonomi.

TLDR

Babylon, a project aiming to build a Bitcoin-secured decentralized world, has completed a $70 million funding round led by Paradigm, with contributions from Bullish Capital, Polychain Capital, and other investors.

The funding will accelerate Babylon’s mission to enable Bitcoin to be used as a staking asset for Proof-of-Stake (PoS) systems, such as PoS chains, L2s, Data Availability layers, and oracles.

Babylon’s modular design and slashing functionality will allow PoS systems to introduce Bitcoin as a staking asset, potentially enhancing their crypto-economic security and reducing inflation pressure on native tokens.

The project has already launched the world’s first trustless Bitcoin staking testnet in February 2024, which saw over 100,000 stakers within 48 hours.

Investors, including Paradigm, Bullish Capital, and Polychain Capital, have expressed their confidence in Babylon’s vision and the potential impact it could have on the utility of Bitcoin and the broader blockchain ecosystem.

Babylon, a crypto startup focused on revolutionizing the role of Bitcoin in the blockchain ecosystem, has successfully raised $70 million in a funding round led by prominent venture capital firm Paradigm.

The round also saw significant contributions from Bullish Capital, Polychain Capital, and other investors, signaling strong confidence in Babylon’s vision to make Bitcoin the security backbone of Proof-of-Stake (PoS) systems.

The Palo Alto-based project aims to build a Bitcoin-secured decentralized world by enabling PoS systems, such as PoS chains, Layer 2s, Data Availability layers, and oracles, to acquire staking capital from Bitcoin.

Through its modular design and slashing functionality, Babylon’s Bitcoin Staking protocol will allow these systems to introduce Bitcoin as a staking asset, potentially enhancing their crypto-economic security beyond what native tokens can provide.

By unlocking value from the vast, idle Bitcoin ecosystem, estimated to be worth over $1 trillion, Babylon seeks to reduce the inflation pressure on PoS chains and enhance the financial utility of Bitcoin for its holders.

As Bitcoin has primarily served as a store of value without generating significant yield, its utilization as a staking asset could redefine its role in the blockchain landscape.

David Tse, co-founder of Babylon, expressed his excitement about the confidence shown by the investors, stating,

“This funding will accelerate our mission to make Bitcoin the security backbone of PoS systems. Our team is dedicated to advancing the utility of Bitcoin beyond its traditional roles and enhancing the security of the entire blockchain ecosystem.”

Investors have also shared their enthusiasm for Babylon’s innovative approach. Arjun Balaji, Investment Partner at Paradigm, called trustless staking “a novel and fundamental primitive for bitcoin and the broader ecosystem,” while Alasdair Foster, CEO of Bullish Capital, described the ability for holders to stake their Bitcoin while retaining their keys as “a significant breakthrough.”

Luke Pearson, General Partner at Polychain Capital, highlighted the alignment between Polychain’s vision and Babylon’s goal of unlocking Bitcoin to boost the decentralized security market. He added,

“Babylon will be the catalyst that redefines the utility of BTC and paves the way for a new era of Bitcoin-native applications.”

Babylon has already made significant strides in its journey, having launched the world’s first trustless Bitcoin staking testnet in February 2024, which attracted over 100,000 stakers within 48 hours.

The post Babylon Secures $70M in Funding Round Led by Paradigm to Advance Bitcoin Staking Protocol appeared first on Blockonomi.

TLDR

Square Enix, the company behind popular game franchises like Final Fantasy and Kingdom Hearts, is moving its Symbiogenesis blockchain game’s NFT character minting to Ethereum layer-2 network Arbitrum.

The shift to Arbitrum aims to reduce gas fees for minting NFTs to around 1/1000 of the previous cost on the Ethereum mainnet, making the process more accessible and cost-effective for users.

The first wave of 500 character NFTs was minted on the Ethereum mainnet in December, with some social media mockery around the curious names like “Egg” and “Starvation.”

A total of 1,500 new NFT characters will be released on Arbitrum in a three-day public auction starting on May 31, with characters released in small batches.

Square Enix, the video game giant behind popular franchises like Final Fantasy and Kingdom Hearts, has announced a significant shift in its approach to NFT minting for its blockchain game Symbiogenesis.

The company is moving the next wave of NFT character minting to Ethereum layer-2 network Arbitrum, aiming to reduce gas fees and enhance user experience.

[SYMBIOGENESIS NFT Auction on Arbitrum!]
The public auction finally starts tomorrow, 5/31, at 11:48 AM (JST)!

For Chapter 2, we've adopted Arbitrum, reducing the gas fees to about 1/1000 of the previous cost (around 1.3 yen per bid).

Check out all 1,500 NFT characters!… pic.twitter.com/RsHfmeVafT

— SYMBIOGENESIS -NFT Art＆Game Project- | SQUARE ENIX (@symbiogenesisPR) May 30, 2024

The decision to adopt Arbitrum comes after the first batch of 500 character NFTs was minted on the Ethereum mainnet in December. While the initial minting process incurred high gas costs, the move to Arbitrum is expected to reduce fees to around 1/1000 of the previous cost, or approximately 1.3 yen (about $0.01) per bid.

Symbiogenesis is a story-driven adventure game that incorporates NFTs for characters and various in-game items.

The game’s unique approach has garnered attention from both gaming enthusiasts and blockchain technology advocates. However, the high transaction costs associated with minting NFTs on the Ethereum mainnet have been a significant challenge for the project.

By leveraging Arbitrum’s capabilities, Square Enix aims to tackle this issue head-on, making the NFT minting process more accessible and cost-effective for users.

The reduced fees are expected to boost adoption and engagement, as more players will be able to participate in the minting process without being deterred by high costs.

The upcoming public auction for 1,500 new NFT characters will take place over three days, starting on May 31. The characters will be released in small batches throughout the auction period.

Square Enix has provided a how-to guide for users to bridge their assets to Arbitrum One in preparation for the event.

While the shift to Arbitrum is a significant development for Symbiogenesis, it remains unclear whether Square Enix plans to continue using Polygon, an Ethereum sidechain scaling network, for future in-game NFT assets.

The company has not provided clarification on this matter, and the decision may depend on user feedback and the performance of Arbitrum during the upcoming auction.

The post Square Enix Adopts Arbitrum for Symbiogenesis NFT Character Minting appeared first on Blockonomi.

TLDR

Caitlyn Jenner launched a Solana-based meme coin called JENNER, which initially led to confusion about whether her account was hacked.

Jenner later launched a new version of the JENNER token on Ethereum, with a 3% transaction tax to be donated to support Donald Trump’s presidential campaign once the token reaches a $50 million market cap.

The Solana JENNER token’s price dropped 66% over 24 hours following the announcement of the Ethereum token.

The Ethereum JENNER token’s market cap peaked at $4.75 million, far short of the $50 million goal for Trump campaign donations.

One trader lost $133.4K (785 SOL) in a single day trading the JENNER token on Solana, highlighting the risks of trading celebrity-endorsed meme coins.

Celebrity Caitlyn Jenner’s foray into the world of meme coins has sent traders into a tailspin, as her recently launched JENNER tokens on both Solana and Ethereum have experienced significant volatility and raised concerns about the risks associated with celebrity-endorsed cryptocurrencies.

$Jenner on $ETH
NO team tokens.
NO Dev tokens.
NO founder tokens.
Official contract address here: 0x482702745260Ffd69FC19943f70cFFE2caCd70e9 pic.twitter.com/fwXW4Cb2gS

— Caitlyn Jenner (@Caitlyn_Jenner) May 30, 2024

Jenner, a former Olympic gold medal-winning decathlete and media personality, initially launched the JENNER token on the Solana blockchain, leading to confusion among crypto observers who initially believed her account had been hacked.

However, Jenner clarified that she was indeed behind the project, working alongside crypto promoter Sahil Arora.

The Solana-based JENNER token briefly surged in value, reaching a peak market cap of $42 million and sparking a wave of celebrity-backed meme coins.

However, the token’s fortunes took a sharp turn when Jenner announced a new version of the JENNER token on Ethereum, with a unique twist: a 3% transaction tax that would be donated to support Donald Trump’s presidential campaign once the token achieved a $50 million market cap.

When $Jenner on $ETH hits $50m market cap we will donate to @realDonaldTrump from the tax revenues! We have to protect crypto! It’s ULTRA MAGA!

— Caitlyn Jenner (@Caitlyn_Jenner) May 30, 2024

Following this announcement, the Solana JENNER token’s price plummeted by 58% within two hours and ultimately dropped by 66% over a 24-hour period.

The Ethereum JENNER token, meanwhile, failed to gain the traction needed to reach its ambitious $50 million market cap goal, peaking at just $4.75 million before settling at around $2.4 million less than 24 hours after its launch.

Jenner’s meme coin endeavors have also highlighted the perils of trading celebrity-endorsed tokens. According to data from Lookonchain, one trader who had previously profited handsomely from trading the BOME token on Solana incurred a substantial loss of $133.4K (785 SOL) in a single day after investing in the JENNER token.

Many traders lost money by trading the celebrity token $jenner on #Solana, even the trader who previously made $3.7M in 5 days on $BOME.

This trader spent 2,620 $SOL to buy $BOME and sold it for 21,159 $SOL, making 18,539 $SOL($3.7M) on $BOME in 5 days.

Then he spent 1,208 $SOL… pic.twitter.com/qzytwOOhAo

— Lookonchain (@lookonchain) May 30, 2024

The post JENNER Token Drops 66% After New Ethereum Token Launch to Support Trump appeared first on Blockonomi.

TLDR

Robert F. Kennedy Jr., a U.S. presidential candidate, spoke at Consensus 2024 and expressed support for cryptocurrencies, emphasizing the need for transactional freedom and transparency.

Kennedy believes that crypto should be treated as a currency and exempt from capital gains tax, and he plans to regulate cryptocurrencies to protect consumers from fraudulent schemes.

He criticized the Biden administration’s “hostility” towards crypto, claiming that U.S. laws have driven crypto companies abroad, and pledged to end this hostility if elected president.

Kennedy abstained from commenting on Donald Trump’s recent conviction but lauded Trump’s pro-crypto stance, hoping that President Biden would also support crypto innovation.

The presidential candidate believes that blockchain technology and cryptocurrencies can power a democratized market economy where individuals control their wealth outside government interference.

Robert F. Kennedy Jr., a U.S. presidential candidate running as an independent, expressed his strong support for cryptocurrencies during a press conference at Consensus 2024 in Austin, Texas.

Kennedy emphasized the importance of transactional freedom and transparency, stating that a commitment to crypto is a commitment to these values.

The presidential hopeful criticized the current administration’s “hostility” towards cryptocurrencies, claiming that U.S. laws have driven crypto companies to seek more favorable regulatory environments in countries like Switzerland and Singapore.

If elected, Kennedy pledged to end this hostility and ensure that America remains the hub of blockchain technology.

Kennedy believes that cryptocurrencies should be treated as a currency and exempt from capital gains tax. He plans to regulate the industry in a way that protects consumers from fraudulent schemes while encouraging the growth of truly decentralized currencies.

The candidate also stressed the need for individuals to have sovereignty over their wallets and the ability to choose whether to buy and use digital currencies for everyday purchases.

When asked about Donald Trump’s recent pro-crypto stance, Kennedy praised the shift in perspective, hoping that President Joe Biden would follow suit in supporting crypto innovation.

However, he refrained from commenting on Trump’s recent conviction on 34 counts of falsifying business documents.

Kennedy’s vision for the future of crypto includes a democratized market economy powered by blockchain technology, where individuals have control over their wealth without government interference.

He cited the Canadian government’s freezing of fiat and crypto assets during the “Freedom Convoy” protests as a reason for needing financial sovereignty.

The presidential candidate’s remarks at Consensus 2024 echo the sentiments of industry experts who believe that the crypto voting block may play a crucial role in the upcoming presidential elections.

A recent poll found that over 44% of voters either own digital assets or consider blockchain policies when deciding between candidates.

The post RFK Jr. Criticizes Biden’s Crypto Hostility & Pledges Support for Crypto at Consensus 2024 appeared first on Blockonomi.

TLDR

PEPE’s trading volume has surged 216% since the start of May, reaching $2.47 billion, despite a 12% price drop from its all-time high on May 27.

The decline in PEPE’s price has led to a decrease in the prices of other major meme coins, such as Dogecoin and Shiba Inu.

Over 96% of PEPE holders are currently in profit, making it the most profitable among major meme coins.

PEPE’s market cap has grown significantly since the beginning of the year, reaching $6.11 billion, and it briefly became the 21st-largest cryptocurrency.

A crypto whale recently transferred nearly one trillion PEPE tokens to Binance, leading to a temporary 10% loss in the token’s value before recovering.

The meme coin market has been abuzz with activity in recent weeks, with Pepe (PEPE) taking center stage.

Despite a 12% price drop from its all-time high on May 27, the frog-themed token has seen a remarkable surge in trading volume, reaching $2.47 billion over the past 24 hours – a staggering 216% increase from the start of the month.

This heightened interest from traders comes amidst a slight decline in Pepe’s price, which slipped from its peak of $0.00001717 to its current trading value of $0.0000147.

PEPE Coin Price at Coingecko

However, the token remains up 0.47% over the past seven days and has experienced significant growth since its launch in May 2023, soaring by an impressive 25,955%.

Pepe’s price movements have had a ripple effect on the broader meme coin market, with the two largest tokens by market capitalization, Dogecoin (DOGE) and Shiba Inu (SHIB), experiencing price declines in the same three-day period. Dogecoin fell 6.41% to $0.1604, while Shiba Inu decreased by 8% to $0.00002608.

Despite these fluctuations, Pepe remains the most profitable among major meme coins, with over 96% of its holders currently in the green.

Thanks to an impressive 90% return this month, over 96% of $PEPE holders are now in profit. This positions $PEPE as the most profitable among major memecoins! pic.twitter.com/4BJkjDtha2

— IntoTheBlock (@intotheblock) May 30, 2024

The token’s market cap has grown exponentially since the beginning of the year, rising from approximately $500 million to $6.11 billion at the time of writing. At one point, Pepe even briefly became the 21st-largest cryptocurrency, surpassing well-known altcoins like Polygon and Litecoin.

Pepe’s success has not gone unnoticed by crypto whales, with one investor recently transferring nearly one trillion PEPE tokens to Binance.

This move led to a temporary 10% loss in the token’s value before it recovered. The whale reportedly sold their PEPE assets for approximately $9 million, making a 52% profit of nearly $5 million in less than a month.

The post Pepe Coin (PEPE) Trading Volume Surges 216% & Over 96% of Pepe Holders in Profit appeared first on Blockonomi.

The recent introduction of Bitcoin and Ethereum-backed exchange-traded notes (ETNs) shows a major regulatory shift in the UK’s extensive trading market. However, the low volume of purchases raises concerns about market enthusiasm. The London Stock Exchange (LSE) may lag behind its global counterparts.

The crypto ETNs that started trading on the London Stock Exchange saw a lackluster performance, raising questions about demand.

On May 28, a number of crypto ETNs made their debut on the LSE, including those from WisdomTree, 21Shares, and Invesco. The debut followed the firms’ announcement last week that they had got approval from the Financial Conduct Authority (FCA) to list their ETPs.

However, initial trading activity for the newly introduced ETNs fell short of expectations. According to Charlie Morris, founder and chairman of investment adviser ByteTree, 21Shares’ funds have not been popular.

No Love In London?

Compared to the debut of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong, the UK’s crypto ETNs might not come as a surprise. These Asian-first ETFs also reported a bumpy start with low trading volumes.

Similarly, Canada’s Purpose Spot Bitcoin ETF was far from a success. As of May 28, Canada’s Purpose Spot Bitcoin Fund saw its holdings decrease from nearly 50,000 BTC to around 27,000 BTC.

In other European markets, digital asset ETFs have been available for years. But it was not until the US spot Bitcoin ETFs secured approval in January that the cryptocurrency ETF market started to grab attention.

US spot Bitcoin ETFs have achieved major success. BlackRock’s iShares Bitcoin Trust (IBIT) itself also broke the previous record of other prominent ETFs, becoming the fastest to reach $10 billion.

Yesterday, IBIT surpassed Grayscale Bitcoin Trust to become the world’s largest Bitcoin fund. The milestone came almost five months after both ETFs started trading. As of May 28, IBIT had $19.68 billion in assets under management, according to Bloomberg.

A Multi-Decade Move

For experts, the lukewarm debut of these ETNs was not in contrast with their expectations. Morris said the peculiar nature of the launch occurred without prior announcement or significant public relations efforts.

He also noted that these new offerings are indeed “existing German and Swiss Bitcoin ETFs that have been around for quite a long time.”

There is hope among market observers for the future approval of crypto ETNs in the UK.

Alex Pollak, Head of UK for 21Shares, mentioned that the UK’s Financial Conduct Authority (FCA) aims to gradually open the UK crypto market by approving the listing of Bitcoin and Ether ETNs on the London Stock Exchange (LSE).

“I think the fact that these products will now be available on the London Stock Exchange does show progress and I think within three years from now the UK will be home to the largest crypto exchange-traded fund market in Europe,” he said.

Previously, the FCA had a tough stance on crypto asset-backed exchange traded products (ETPs) due to their high volatility.

In 2021, the FCA implemented a ban on the sale of crypto-related derivatives, including ETPs, to retail investors, citing concerns about the inherent value, volatility, and association with financial crime of cryptocurrencies.

Earlier this year, the financial watchdog was reportedly open to revising its stance regarding ETNs for professional investors. Still, the FCA has maintained that crypto derivatives are unsuitable for retail consumers due to the risks they pose, and the ban on the sale of ETNs to retail consumers remains in place.

Despite introducing ETNs, the FCA has restricted access to regulated financial investors, excluding retail traders. This decision contrasts with markets like the US, where retail investors can access similar crypto investment products easily.

Following the launch of spot Bitcoin ETFs, spot Ethereum funds recently got the regulatory nod to be listed in the US. Trading of those funds, however, is still pending review.

The post Lukewarm Launch: UK’s Bitcoin ETNs Off to Slow Start appeared first on Blockonomi.

TLDR

TRUMP token, tied to Donald Trump, experienced a 35% drop after he was found guilty on 34 felony counts but rebounded by 29% soon after.

The price surge was backed by real demand, as indicated by the token’s momentum indicators, such as RSI, MFI, CMF, MACD, and Aroon.

Other Trump-themed meme coins, like MAGA VP, Super Trump, and MAGA Hat, also saw significant losses following the verdict.

In contrast, Biden-themed coins, such as BODEN, saw an increase in value, highlighting the impact of political events on cryptocurrency values.

Trump’s legal issues also affected Trump Media & Technology Group shares, which fell 8% in extended trading on the Nasdaq.

The world of meme coins and politics collided dramatically on May 30th, 2024, as former U.S. President Donald Trump was found guilty on 34 felony counts related to falsifying business records in a hush-money case involving adult entertainer Stormy Daniels.

The verdict sent shockwaves through the cryptocurrency market, with Trump-themed meme coins experiencing significant volatility in the aftermath.

TRUMP, the memecoin tied to Donald Trump, saw an immediate 35% drop in value following the guilty verdict, reaching a low of $11.28.

However, the coin quickly rebounded, rising by 29% to trade at $14.60 at press time. This price surge was backed by a significant increase in demand from market participants, as evidenced by the token’s key momentum indicators.

The Relative Strength Index (RSI) and Money Flow Index (MFI) for TRUMP both indicated that buying activity outpaced token sell-offs.

Additionally, the Chaikin Money Flow (CMF) confirmed a net inflow of new money into the altcoin as buying pressure increased. The Moving Average Convergence/Divergence (MACD) indicator also showed a significant bullish influence in the meme coin’s market, with the MACD line resting above its signal and zero lines.

While TRUMP managed to recover, other Trump-themed meme coins were not as fortunate. MAGA VP (MVP) plummeted by 20%, Super Trump (STRUMP) dropped 15%, and MAGA Hat (MAGA) fell 14%

. This mixed performance highlights the unpredictable nature of meme coin trading and the impact of political events on the financial world.

TRUMP Price on CoinGecko

Interestingly, meme coins inspired by current U.S. President Joe Biden experienced the opposite effect. Following the verdict, Biden-themed coins, such as BODEN, saw an increase in value, demonstrating how political events can influence cryptocurrency values in different directions.

The repercussions of Trump’s guilty verdict extended beyond the meme coin market, with Trump Media & Technology Group (DJT) shares on the Nasdaq falling 8% in extended trading.

This drop underscores the far-reaching impact of the former president’s legal troubles on various financial assets associated with him.

Despite Trump maintaining his innocence and calling the trial “rigged,” the market’s reaction to the guilty verdict was swift and significant.

The plummeting value of Trump-themed meme coins and other financial assets associated with him demonstrates the complex dynamics between politics and the financial world.

As Trump faces sentencing on July 11th, with the possibility of time behind bars or a fine, the cryptocurrency market will likely continue to react to developments in his legal battles.

Looking ahead, Trump’s nomination for the Republican presidential candidacy is imminent, coinciding with his sentencing.

Polls show him in a close race with Biden, but there’s evidence that a felony conviction could sway voters.

Exit polls and surveys indicate that a significant portion of Trump supporters are reconsidering their allegiance under such circumstances, potentially altering the electoral landscape.

The post MAGA: Trump-Themed Meme Coins Volatile After Guilty Verdict appeared first on Blockonomi.

TLDR

SEC Commissioner Hester Peirce proposed a joint digital securities sandbox between the US and UK to allow firms to use specified technologies like DLT.

The sandbox would give firms an opportunity to operate under the same regulatory requirements in both countries while accessing a larger dataset.

Peirce believes the US and UK are well-suited for this collaboration due to their shared commitment to capital markets and reputation as financial technology hubs.

The sandbox could benefit the public by providing access to products and services that might not otherwise be available and help regulators better understand emerging technologies.

Peirce has previously put forth proposals to allow technological innovation, but other SEC commissioners are not as pro-crypto.

SEC Commissioner Hester Peirce has proposed a joint digital securities sandbox between the United States and the United Kingdom to facilitate innovation in the financial sector.

The sandbox would allow firms to experiment with specified technologies, such as distributed ledger technology (DLT), under the same regulatory requirements in both countries.

Peirce believes that the US and UK are well-suited for this collaboration due to their shared commitment to capital markets and reputation as global financial service providers and technology hubs.

By working together, the two countries could provide firms with access to a larger dataset than either jurisdiction could offer independently.

The proposed sandbox would benefit both regulators and the public. Regulators would gain valuable insights into how emerging technologies operate in real-world conditions, helping them to develop more effective and efficient regulations. Meanwhile, the public would gain access to innovative products and services that might not otherwise be available to them.

Peirce’s proposal would allow firms to operate under their chosen regulatory requirements for a specified period, giving them the flexibility to develop and refine their offerings.

Participating firms would be subject to predetermined monetary and customer ceilings and would be required to comply with general anti-fraud provisions of securities laws.

The cross-border sandbox would focus on the issuance, trading, and clearing of securities using DLT. Experiments could explore the potential benefits of tokenization, such as increased market transparency, fractionalization of assets, and operational efficiencies.

The sandbox could also help to address challenges associated with tokenization, including interoperability issues, cybersecurity risks, and privacy concerns.

Peirce’s proposal reflects her ongoing efforts to foster innovation in the financial sector. In the past, she has put forth proposals to allow firms using newer technologies to be exempt from certain registration provisions under federal securities laws.

However, not all SEC commissioners share her pro-crypto stance, with Chair Gary Gensler favoring a more aggressive regulatory approach.

The post SEC Commissioner Proposes US-UK Digital Securities Sandbox appeared first on Blockonomi.

Recently, BNB’s price has risen notably with bullish market sentiment; however, it faces uncertainty to end the year on a bullish note. Meanwhile, ONDO crypto recently reached a new all-time high due to real-world asset (RWA) tokenisation interest, but caution is advised because the RSI is in an overbought area.

On the other hand, BlockDAG has gained substantial global traction in the cryptocurrency market with the launch of its keynote video at Tokyo’s Shibuya Crossing, offering detailed insights into its project and products. This event garnered significant attention and propelled presales to new heights, recently welcoming batch 16 with $37 million raised by selling 10.2 billion coins and 6,625 crypto mining rigs. This swift progress cements BlockDAG’s status as one of the best presale coins.

BNB Pirce Faces Uncertainty Despite Recent Price Rise

BNB’s price has risen notably but faces uncertainty in reaching higher despite bullish market sentiment. Analysts caution that June might not be as lucrative for BNB as hoped, with the coin’s future heavily reliant on market conditions.

Since its 2017 inception, BNB has faced numerous challenges, and its role in offering Binance transaction discounts isn’t enough to sustain growth. With Bitcoin’s rise, BNB’s forecasted increase is not confirmed. Despite an increase last month, predictions of continuing the rise by year-end appear overly optimistic, highlighting potential risks in the crypto market.

ONDO Crypto All-Time High and Overbought Concerns

ONDO crypto hit a new peak of $1.33 and continued to rise, now trading at $1.2857. Even though it is among the trending cryptocurrencies and experienced an increase in non-empty wallet count between February 26 and May 26, caution is advised. The recent rise is partly due to real-world asset (RWA) tokenisation interest. Analysts suggest ONDO could extend gains even more, but traders should be cautious as the RSI indicates the asset is overbought at 77.82.

BlockDAG’s Shibuya Dominance & Miner X10

BlockDAG has gained substantial global traction in the cryptocurrency market, bolstering its presence with special appearances at iconic venues worldwide, from Japan to Las Vegas and London.

The journey began with the exclusive launch of its keynote video displayed at Tokyo’s Shibuya Crossing, offering detailed insights into its project and products. This event garnered significant attention, with prominent billboards featuring BlockDAG’s branding in the bustling Shibuya Crossing, known globally for its pedestrian traffic. This strategic marketing manoeuvre highlights the importance of effective branding in the competitive crypto landscape.

The keynote showcased BlockDAG’s integration with prominent DeFi exchange platforms like Bitget and CoinEx. It also introduced its mining devices and a user-friendly crypto payment card, developed in collaboration with leading banking-as-a-service providers. This card facilitates seamless spending of BDAG and other cryptocurrencies like Bitcoin, eliminating the need for transaction approvals or complex KYC procedures. The card, accepted by 38 million merchants globally, shows BlockDAG’s dedication to innovation.

Furthermore, BlockDAG’s mining prowess is demonstrated by the X10 mining rig,

a compact and efficient device capable of mining up to 200 BDAG daily with a 100 MH/s hash rate using only 40 W of power, yielding $10 per day. Its plug-and-play setup, with Wi-Fi and Ethernet connectivity, caters to novice and seasoned miners. This user-friendly and energy-efficient approach underscores BlockDAG’s superior mining infrastructure.

Conclusion

With BNB’s price rise amid bullish market sentiment, it still faces uncertainty for future growth. Meanwhile, real-world asset (RWA) tokenisation interest surged ONDO crypto to its all-time high. However, BlockDAG continues to stand out with its swift progress through the presale phases, driven by robust figures and strong marketing efforts. The project has raised over $37 million from selling 10.2 billion coins and 6,625 mining rigs, including the flexible and scalable X10 mining device. As a result, BlockDAG has emerged as one of the best presale coins in the market.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Keynote Presentation in Tokyo Boosts Presale to $37M Outshining BNB Coin Price and ONDO’s All-Time High appeared first on Blockonomi.

With the cryptocurrency market constantly evolving, Tron and Binance Coin have recently made significant strides. Tron has reached an impressive milestone with 231 million registered accounts, while Binance Coin is experiencing a positive price trend with promising forecasts. 

However, BlockDAG stands out with its new user-centric dashboard and remarkable presale success, achieving over $37 million in earnings. Its innovative features, such as the Leaderboard Page and strategic visibility initiatives, are driving substantial investor interest, positioning BlockDAG as a noteworthy player in the crypto space.

TRON Hits 231 Million Users 

The Tron (TRX) network has recently achieved a remarkable milestone with a total of 231 million registered accounts, showcasing its rapid growth and widespread adoption in the blockchain industry. Consequently, this significant development highlights TRON’s capability to attract a large user base and sustain high levels of network activity, positioning it as one of the top altcoins to consider for investment this year.

Furthermore, TRON has surpassed Ethereum in terms of transaction fees, proving its efficiency in handling a high volume of transactions. This accomplishment underscores TRON’s potential as a strong competitor in the altcoin market. With its expanding user base and increasing network activity, TRON is poised for a higher valuation. As the TRON network continues to focus on development, form strategic partnerships, and introduce enhancements, it is expected to gain substantial appeal among investors throughout the year.

Binance Coin’s Bullish Forecast: Could BNB Reach $700 by June? 

Similarly, Binance Coin (BNB) has recently seen a positive price trend, trading at $596, which represents a 5% increase over the past week. Moreover, analysts from CoinCodex forecast that BNB could experience a 19% rise, potentially reaching $700 by June 20, driven by Bitcoin’s projected climb towards $70,000. In the short term, they predict BNB could hit $652 by May 30.

Additionally, the surge in BNB’s value is partly attributed to Binance’s initiatives, such as the Word of the Day games, which have increased demand for the coin. Furthermore, technical indicators, including strong trading volumes and a bullish market sentiment, supported by a Fear & Greed Index of 76, suggest the potential for further growth in BNB’s price. As the market shows optimism, BNB is well-positioned for continued appreciation, reflecting broader trends in the cryptocurrency market.

BlockDAG Presale Soars with New Dashboard and Leaderboard Page 

In the same way, BlockDAG has unveiled a robust new dashboard, designed to keep users engaged and informed. Central to this update is the “Hot News” section, prominently displayed to ensure users stay abreast of the latest developments. This feature, coupled with the ability to track ranks, purchase amounts, and view wallet balances, greatly enhances user interaction.

Moreover, the dashboard also includes a leaderboard preview, showcasing the highest purchases, while the referral screen highlights bonuses earned from referrals, incentivizing user growth. Additionally, transparency is ensured through a detailed transactions section, allowing users to view their purchase histories and live transactions.

As a result, BlockDAG’s presale coin has seen remarkable success, with its Batch 15 priced at $0.009 per coin, marking an 800% increase from Batch 1’s $0.001 per coin. Consequently, this rapid growth has resulted in over $37 million in earnings and more than 10 billion BDAG coins sold. Analysts predict an ambitious $30 per coin by 2030, driven by continuous development and significant investor interest.

Furthermore, a key driver of this success is the Leaderboard Page, which gamifies the investing experience. Thus, users witness the top 30 investors’ ranks, from Crab to Whale, fostering a competitive spirit and drawing new investors. Additionally, with predictions of a 30,000x ROI and a limited supply, BlockDAG’s Leaderboard Page continues to attract a daily influx of investors. Their visibility surged with a recent display at Piccadilly Circus in London, celebrating their CoinMarketCap listing and cementing BlockDAG’s position in the crypto landscape.

The Last Call 

Tron and Binance Coin have demonstrated significant advancements, with Tron’s growth in registered accounts and Binance Coin’s positive price trends. However, BlockDAG’s achievements, particularly its new dashboard and successful presale, set it apart. With features designed to enhance user interaction and notable investor interest, BlockDAG shows substantial promise. Its strategic developments and market visibility initiatives suggest it may become a prominent force in the cryptocurrency market, drawing attention from both investors and crypto enthusiasts alike. 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post Cryptos to Watch in June 2024: BlockDAG Leads with New Dashboard and Presale Success Amid Tron and Binance Coin’s Progress appeared first on Blockonomi.

In the digital finance world, BlockDAG is making a substantial impact with its innovative strategies and cutting-edge technology. As the market reels from the Retik Finance Price Crash, which saw a dramatic 67.02% drop in just one day, investors are flocking to BlockDAG. The platform’s recent $2 million giveaway campaign is designed to engage and expand its investor base. This initiative, alongside BlockDAG’s impressive $37 million presale raise and strategic global events, showcases its commitment to transparency and growth, setting it apart as a leader in the market. 

BlockDAG’s $2M Giveaway Boosts Market Presence Amid Retik Finance Price Crash

BlockDAG is significantly elevating its market presence with a strategic $2 million giveaway aimed at engaging and expanding its investor base. To qualify for this impressive reward, participants must engage in the BlockDAG crypto presale and hold a minimum of $100 in BDAG coins. 

This proactive campaign promises to distribute the reward pool among fifty lucky winners, enhancing BlockDAG’s visibility and encouraging active participation. The initiative draws attention away from competitors, including those affected by the Retik Finance Price Crash, steering investors towards BlockDAG. 

This shift has contributed to BlockDAG’s impressive $37 million raise through the sale of over 10.1 billion coins, with the coin price reaching $0.0095 by batch 16 and experts predicting it to rise to $1 by 2024.

As BlockDAG rapidly sells out, it is expected to reach the final batch, the swift demand may shorten the awaited launch period. This quick sell-out, driven by transparency and robust growth, continues to secure strong investor confidence and engagement. 

Caution on the Horizon: Retik Finance Price Crash

The recent trajectory of Retik Finance (RETIK) has been troubling, despite its initial listing at $3 and subsequent availability on Uniswap and several major centralized exchanges (CEXs), including MEXC, Bitmart, LBank, CoinW, Digifinex, Bitrue, and P2PB2B. Contrary to early optimism, the Retik Finance price crash has seen values plummet by 67.02% in just one day, with the price now at $0.403. 

This downturn has significantly shifted market sentiment, which now reflects a more cautious perspective from both retail and institutional investors. Despite earlier enthusiasm, the reality of the Retik Finance price crash has prompted a reevaluation of its long-term viability, with traders now hesitating to accumulate further.

The recent Retik Finance price crash has certainly dampened the initial confidence in its market potential, casting doubts among investors regarding the promise of future gains.

Comprehensive BlockDAG Dashboard Enhancements

The BlockDAG dashboard now features the latest trending news, keeping users informed. Users can check their current rank, track performance, and manage financial transactions through a centralized wallet. A leaderboard highlights top purchasers, fostering competition. The Last Transaction Preview shows details of recent transactions, and the referral screen tracks referrals and earned bonuses.

The leaderboard page categorizes the top 30 presale investors into tiers—Crab, Tortoise, Fish, Shark, and Whale—based on purchase amounts. The transactions page offers a complete transaction history and real-time updates segmented by investment tiers. The profile page allows users to update delivery addresses securely and access personalized information, enhancing user experience and operational efficiency.

BlockDAG Overtakes Retik Finance 

As BlockDAG continues to thrive with its proactive initiatives and technological advancements, the Retik Finance Price Crash highlights the volatile nature of the crypto market. BlockDAG’s strategic moves, including a successful presale and engaging giveaway campaign, have bolstered its market presence and investor confidence. The enhanced dashboard features and strong global endorsements further solidify BlockDAG’s reputation as a reliable and innovative force in the cryptocurrency sector. 

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

The post Best Crypto Presale to Watch in 2024: BlockDAG Soars, Reaches $37M with Major Investments from Retik Finance Investors appeared first on Blockonomi.

ETFSwap (ETFS) has officially begun its 100X rally to new all-time highs, triggering Fear Of Missing Out (FOMO) for investors of Bonk (BONK) and Pepe (PEPE). This bullish rally could see ETFSwap (ETFS) reaching $1 before the end of the 2024 bull market, re-enacting previous pumps experienced by Pepe (PEPE) and Bonk (BONK) earlier this year.

 PEPE And BONK Investors Move To ETFSwap (ETFS)

ETFSwap (ETFS) is set to surge to new highs before the end of 2024, with its native token, ETFS, already on track for a 100X bullish rally. This projected surge is expected as the crypto project continues to grow significantly and expand its user base across different regions globally.

As a tokenized trading platform, ETFSwap (ETFS) enables users to buy and trade institutional ETFs such as cryptocurrency spot and futures ETFs, leveraged ETFs, commodity ETFs and fixed-income ETFs. Its unique approach to decentralized ETF trading is generating FOMO in the crypto market, attracting the attention of both PEPE and BONK investors who recognize the platform’s immense potential.

To ensure utmost security and privacy, ETFSwap (ETFS) has incorporated blockchain technology to improve its platform’s transparency and decentralization. The platform has also undergone a rigorous audit process by CyberScope, a leading blockchain audit and cybersecurity firm. The results of the audit disclosed ETFSwap’s strong security and underlying infrastructure, highlighting the platform’s resilience against potential cyber threats.

ETFSwap (ETFS) offers users numerous trading opportunities and advantages. Investors can get up to 10x leverage on all trades, lower trading fees and transaction costs, up to 50x leverage for perpetual and futures trades, 24/7 ETF risk management services and staking options.

As one of the favorite features for users, ETFSwap offers staking services for token holders. Users can stake ETFS tokens to earn passive income and staking rewards in the form

of tokens. These rewards also come as yield from trading fees as the trading volume of ETF pools continues to expand.

Currently, ETFSwap’s presale is ongoing, and its native token, ETFS, is being sold for a modest price of $0.00854. The first stage of its presale has already raised over $1 million and sold more than 100 million tokens in just a week.

Large-Scale PEPE Investors Are Dumping Due To FOMO

Despite witnessing significant price surges to an all-time high of $0.00001725 recently, numerous large-scale Pepe (PEPE) investors are beginning to dump their holdings in place of other lucrative crypto assets like ETFSwap (ETFS) as FOMO grips the market.

Blockchain analytics platform Lookonchain revealed in an X (formerly Twitter) post on May 27, that an anonymous Pepe (PEPE) whale has executed a massive token transfer from crypto exchange, OKX. The blockchain analytics platform disclosed that two newly created crypto wallets had withdrawn 182.7 billion PEPE valued at $3.1 million.

On the same day, another whale withdrew 123.8 billion PEPE worth more than $2 million from crypto exchange Kraken. According to Lookonchain, this particular anonymous whale withdrew a total of 481.77 billion PEPE, worth more than $8 million, at an average price of $0.00001, since March 16.

BONK Price Sees Slight Upsurge After 30% Crash

As of writing, the price of Bonk (BONK) is trading at $0.0000419, reflecting a 5.53% increase in the last 24 hours, according to CoinMarketCap. This price surge comes after Bonk’s massive 30% crash earlier in March, when the cryptocurrency failed to break through the $0.00004 price mark.

This unexpected price fluctuation highlights the fragility of Bonk (BONK) price fundamentals, underscoring the inherent volatility of meme coins in the market. With its newfound momentum, Bonk (BONK) could see its price rally further.

Conclusion Of ETFSwap (ETFS) Future Price Surge

While meme coins like Pepe (PEPE) and Bonk (BONK) have witnessed slight price surges, ETFSwap (ETFS) is soaring with increased adoption from institutional investors. This crypto project is set to skyrocket by 100x soon, driven by the rising demand for the platform’s native token, ETFS.

Investors are currently ‘FOMO-ing’ into ETFSwap’s presale to purchase tokens ahead of the projected price surge. The price of each ETFS token is also set to increase to $0.01831 by the second presale stage, making now the best time to accumulate tokens.

For more information about the ETFS Presale:

 Visit ETFSwap Presale

Join The ETFSwap Community

The post FOMO Grips Bonk (BONK) And Pepe (PEPE) Investors As ETFSwap (ETFS) Begins 100X Rally appeared first on Blockonomi.

As the crypto market watches the unfolding Memeinator listing on Uniswap and Mexc, BlockDAG has already captured significant attention with its revolutionary technology and remarkable presale results, securing over $37 million with the current price at $0.0095 and the next Batch to hit $0.011. Its sophisticated Directed Acyclic Graph (DAG) architecture, which boosts network throughput and transaction speed, aligns with its ambitious $600 million goal. With analysts forecasting a rise to $20 by 2027, BlockDAG appeals to investors seeking stable and lucrative opportunities amidst the volatile crypto environment.

BlockDAG’s Innovative Tech and Presale Achievements

BlockDAG breaks away from traditional blockchain setups with its DAG system that enables multiple block references simultaneously, enhancing the network’s efficiency. This has accelerated its fundraising efforts to $37 million, demonstrating the platform’s potential for significant post-launch growth. With the current coin price at $0.0095, slated to rise to $0.011, BlockDAG offers early investors the prospect of up to a 30,000x return, underscoring its promising future. The projected price point of $30 by 2030 sets BlockDAG apart as a formidable force in the crypto market.

Memeinator’s Debut Amid Skepticism

Conversely, Memeinator, launched its public trading on Uniswap and MEXC with a final presale price of $0.2446, aims to blend meme appeal with solid investment potential. However, despite a strong marketing push and a full presale, doubts remain about its longevity and stability in a market that’s famously unpredictable.

BlockDAG’s Strategic Initiatives Attract Investors

BlockDAG is transforming the crypto landscape with user-centric innovations such as the BlockDAG payment card, which facilitates cryptocurrency and fiat transactions while maintaining privacy without requiring KYC information. Additionally, its DAG architecture provides near-instant transaction confirmations, setting a new standard for speed and efficiency in digital transactions.

The detailed roadmap for BlockDAG, which includes Blockchain Development, BlockDAG Scan (Explorer), and the X1 Crypto Miner Application, is already ahead of schedule. It promises an early launch and a strong market position. This roadmap and a projected price increase to $20 by 2027 fortify BlockDAG as a secure, growth-oriented investment.

As Memeinator navigates the complexities of a meme coin launch with inherent volatility, BlockDAG continues to build on its substantial presale success. With new technologies like the payment card and enhanced transaction speeds, BlockDAG improves user experience and cements its place as a reliable entity in the crypto space.

Concluding Thoughts

While Memeinator’s listing unfolds amidst much speculation, BlockDAG’s strong and steady trajectory with a clear $600 million goal attracts discerning investors. The stark contrast between Memeinator’s speculative nature and BlockDAG’s solid foundation and strategic advancements positions BlockDAG as the preferable choice in the evolving crypto market, offering stability and promising returns to its investors while it earns $37 million in its presale with anticipation of $0.011 in the upcoming Batch.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

 

The post Memeinator Launches on Uniswap and MEXC: Discover Why Investors are Joining the BlockDAG Presale, Pushing it to $37M appeared first on Blockonomi.

The 2024 crypto landscape is clearly favoring utility over memes. Option2Trade (O2T) is emerging as a leader, growing from strength to strength and outpacing Shiba Inu (SHIB) by offering real-world applications and sustainable growth. This trend reflects a broader market shift towards valuing tangible utility, setting the stage for Option2Trade (O2T) to continue its rise and solidify its position as a top contender in the cryptocurrency world.

Meme vs. Utility: The 2024 Crypto Landscape

The cryptocurrency market of 2024 is undergoing a significant transformation, shifting focus from meme coins to utility-driven tokens. This change is epitomized by the rising prominence of Option2Trade (O2T), which is growing from strength to strength and leaving popular meme coins like Shiba Inu (SHIB) in the dust. The evolving preferences of investors towards tokens offering real-world applications and sustainable growth are becoming increasingly evident.

O2T’s Utility-Driven Approach

Option2Trade (O2T) stands out in the crowded crypto space due to its utility-driven approach. Unlike traditional meme coins, Option2Trade (O2T) is built on a foundation of innovative DeFi solutions and advanced trading options. These features are designed to provide substantial value to its users, making it an attractive investment for those seeking more than just speculative gains.

O2T’s focus on practical applications, such as algorithmic trading and decentralized finance, positions it well for long-term success. This approach is attracting a new wave of investors who are looking for tokens with real utility and sustainable growth potential.

Shiba Inu’s Struggles: Falling Behind

Shiba Inu (SHIB), once a darling of the meme coin community, is now facing significant challenges. Despite its initial popularity and the fervent support of its community, Shiba Inu (SHIB) is struggling to keep pace with utility-driven tokens like Option2Trade (O2T).

The lack of substantial developments and innovative updates has caused Shiba Inu (SHIB) to lose ground in the highly competitive crypto market. While Shiba Inu (SHIB) relies heavily on its meme status and viral marketing, this strategy is proving less effective in a market that is increasingly valuing utility and real-world applications.

Market Performance: O2T’s Impressive Growth

Option2Trade (O2T) has demonstrated impressive market performance, showcasing continuous growth and strong fundamentals. The token’s strategic partnerships and upcoming listings on major exchanges are further enhancing its prospects. Unlike Shiba Inu (SHIB), which has remained relatively stagnant, Option2Trade (O2T) is making significant strides in expanding its ecosystem and increasing its market presence.

This proactive approach is not only driving its current success but also laying a solid foundation for future growth. Investors are noticing the differences in performance, with many shifting their focus from Shiba Inu (SHIB) to Option2Trade (O2T) in search of more promising returns.

Future Outlook: The Rise of Utility Tokens

The rise of utility tokens like Option2Trade (O2T) marks the beginning of a new era in the cryptocurrency market. As investors become more discerning, they are increasingly favoring tokens that offer tangible value and long-term potential over those driven purely by hype. This shift is positioning Option2Trade (O2T) for continued success, as its innovative features and strategic initiatives resonate with a growing audience of savvy investors. 

In contrast, Shiba Inu (SHIB)’s reliance on its meme coin status without substantial utility enhancements is making it less attractive in the evolving market landscape. While Shiba Inu (SHIB) still enjoys a dedicated following, its long-term viability is being questioned as more utility-focused tokens like Option2Trade (O2T) demonstrate their superior growth potential.

For more information on the Option2Trade (O2T) Presale: 

Use promo code O2TLaunch to get 15% bonus

Visit Option2Trade (O2T)

Join and become a community member: 

https://t.me/O2TOfficial 

https://twitter.com/Option2Trade (O2T)

The post 2024 Meme Vs Utility – Option2Trade Grows From Strength to Strength, Leaving Shiba Inu In The Dust appeared first on Blockonomi.