Do you know how to tell if a crypto project cares for its investors? You should find out whether they have strategies to protect the coin’s future and your assets. Chainlink (LINK) and Tron (TRON) are making progress as ecosystems but are struggling to stop the falling prices of their native coins, which is an excellent example. However, the solution has fortunately entered the world of cryptocurrencies in the face of MoonBag.

The MoonBag crypto is in the fifth stage of its presale, but it already has proper strategies and plans for the post-launch price drop. The Ethereum-based meme coin is ready to protect the assets of its investors even after its official listing. 

Let’s review how Chainlink and Tron have been performing and see how MoonBag compares with the two. 

LINK Prices Continue to Drop Despite the Interchain Making Progress

The Chainlink interchain has been connecting blockchains and builders to improve the future of global markets. In the latest development, the tokenised RWA platform WESET.io has integrated Chainlink CCIP. The integration will enable cross-chain transfers of WESET’s native coin. Despite Chainlink’s progress, its native token LINK continues to decline in value. After the integration news, LINK declined by 10.36%, leading investors to look for a suitable alternative with better returns. 

Binance Announces Support for Tron Network Upgrade 

Tron Network will undergo an upgrade, and Binance has announced its support for it. To improve user experience, Binance will perform wallet maintenance for the network. 

However, the network’s native coin, TRX, has been struggling to get out of its price range. TRX declined after Binance announced support for the TRON upgrade. As a result of TRX’s struggles, investors are moving to MoonBag to secure their assets. 

MoonBag Reveals Effective Buyback and Burn Strategies 

The MoonBag crypto believes in making financial freedom possible for everyone, which is why it has policies in place to protect the future of its investors. The MoonBag presale has already raised over $2 million and is in the 5th stage. In the current stage, each MBAG coin is priced at $0.0002 and will bring investors an ROI of 900% at the official launch if they invest now. 

It is quite common for meme coins to decline after their official launch; however, that can be avoided with proper planning. The MoonBag coin will allocate 20% of the funds raised during the presale to liquidity. The liquidity will be used during the first six months after the official launch of MoonBag for buyback and burn events. These events will help increase the scarcity of the MBAG coins while also boosting the price of the coin. 

Analysts are bullish on MoonBag and predict MBAG to reach $1. There is also rumours in the crypto air that MoonBag may be listed on Coinbase. There’s a high possibility that the listing will happen soon after the official launch of MBAG. 

Conclusion – Protect Your Future

Keeping a few simple things in mind can greatly help you when investing in crypto. If you get disappointed by Chainlink and Tron, you can always find an alternative. Investing in a crypto that invests in its future is the best way to go forward. With MoonBag, you won’t have to worry about losing your investments. You can buy your MBAG coins and join the MoonBag presale today!

Invest:

MoonBag: MoonBag.org

Tron : Tron Network

ChainLink: Chainlink

The post MoonBag Attracts Investors With Liquidity and Buyback Strategies Amid Rumours of Coinbase Listing and $1 Per MBAG appeared first on Crypto News Land.

BlockDAG’s Development Release 48 has brought significant enhancements to the X1 Miner app, boosting both user experience and system performance. Key fixes, such as phone number input and improved Coinbase connectivity, have enhanced the effectiveness of BlockDAG’s mining solutions. These improvements have triggered a sales boost, with more than 7,533 miners sold, showcasing BlockDAG’s commitment to integrating top-tier hardware mining technology and user satisfaction in the fiercely competitive cryptocurrency mining market.

BlockDAG: Leading the Pack with $48.8M in Presales

BlockDAG has carved out a reputation as a top provider of mining solutions, offering users advanced ASIC miners for engaging in hardware mining. This direct control approach allows users to fully manage and operate their mining setups, ensuring optimal and powerful mining performance. BlockDAG’s dedication to delivering high-quality hardware means users can conduct transaction validations independently, offering total control over their mining operations. With options to customize mining software and pools, BlockDAG provides a premier user experience, placing it at the forefront of the mining sector.

The X10 mining rig is a prime example of BlockDAG’s innovative approach, appealing to major cryptocurrency investors with its efficient yet compact design. Capable of mining up to 200 BDAG daily at a hash rate of 100 MH/s, the X10 is engineered for simplicity with plug-and-play setup, including Wi-Fi and Ethernet connectivity and a power supply. This user-friendly design has garnered substantial interest, contributing to over 7,533 units sold in the presale. With the introduction of Batch 18, BlockDAG’s coin price has increased to $0.0122, culminating in presale revenues exceeding $48.8 million, highlighting BlockDAG’s growing influence and success in the mining community.

BlockDAG Dev Release 48: Latest Updates in Mining

BlockDAG’s Dev Release 48 introduces critical updates to the X1 Miner application, now in beta, focusing on enhancing user experience and application performance. This release tackles essential improvements and incorporates user feedback. Significant corrections include resolving issues with phone number input lengths, enhancing Coinbase integration, and limiting multiple OTP requests, which bolster data accuracy, transaction reliability, and overall user experience. Additionally, enhancements like active tab highlighting and app performance optimization simplify navigation and speed up the app.

Other important updates improve the footer navigation and sign-out process, ensuring a consistent and secure user experience. The account information tab has been streamlined by removing the option to edit email addresses, aligning with strategic development goals. A new scrollbar for smaller screens enhances accessibility, making sure all content is reachable. These upgrades reflect BlockDAG’s ongoing commitment to refining the app’s functionality and usability.

Looking ahead, BlockDAG is preparing to launch its Blockchain Explorer project, aimed at boosting transparency and access within the blockchain network. This tool will allow users to view and confirm transactions, monitor their status, and access comprehensive block details, providing insights into network health and serving as a valuable educational resource for newcomers to blockchain technology.

The roadmap ahead promises continuous improvements to the X1 Miner application and the successful launch of the Blockchain Explorer. BlockDAG is dedicated to enhancing user satisfaction and the advancement of blockchain technology, ensuring the tools meet the highest standards of functionality and user experience.

The Bottom Line

BlockDAG’s Dev Release 48 exemplifies the company’s commitment to enhancing its X1 Miner application with substantial upgrades and thoughtful enhancements. These dedicated efforts to resolve key issues like phone number input and Coinbase connectivity have not only refined the functionality of their mining solutions but also propelled a significant sales surge, with over 7,533 units sold. As BlockDAG progresses to Batch 18 in its presale, these advancements solidify BlockDAG’s steadfast dedication to innovation and user satisfaction in the dynamic crypto-mining sector.

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 BlockDAG Dev Release 48: Major Enhancements and Sales Spike for X1 Miner App; 7,533 Units Sold appeared first on Crypto News Land.

Tether Holdings plans to invest $1 billion in AI, biotech, and financial infrastructures.

In Q1, Tether reported profits of $4.5 billion from its ventures.

Tether to launch a digital platform for issuing tokenized bonds and equities.

Tether Holdings Ltd. is set to channel over $1 billion into various innovative projects within the next year, signalling a significant expansion of its investment activities. Paolo Ardoino, the company’s CEO, indicated that the focus will be on vital future-oriented fields such as financial infrastructures in emerging markets, artificial intelligence, and biotechnology. 

Tether investment arm proposals primarily originate from startups eager to align with Tether’s vision. Ardoino expressed the company’s ambition during a recent interview, stating, “We can offer AI computing to all the companies we have invested in. It’s all about investing in technology that helps with disintermediation with traditional finance. Less reliance on the big tech companies like Google, Amazon, and Microsoft.”

The strategy includes significant investments in infrastructure across emerging markets to enhance its distribution networks. These investments align with Tether’s broader strategy to diversify its portfolio beyond its primary cryptocurrency offerings, especially its flagship product, the USDT stablecoin.

Sustaining Stability and Compliance Amid Expansion

Despite previous regulatory challenges, Tether has maintained the stability of the USDT stablecoin, which consistently matches the value of the dollar. The company has committed to maintaining 100% of its reserves, with an additional 6% buffer from its profits, ensuring seamless redemptions. 

In the first quarter alone, Tether reported impressive profits totaling $4.5 billion, according to its published attestation. Although such attestations provide only a snapshot of financial health and are not as comprehensive as full audits, they reflect a moment of financial transparency.

Furthermore, Tether has been diversifying its business model, recently reorganising into four new divisions focused on finance, data, Bitcoin mining and energy, and education. This restructure aims to extend its influence beyond stablecoins, which have faced global regulatory scrutiny. 

Later this year, Tether plans to launch a digital platform for issuing bonds and equities in token form, and it will facilitate central banks in offering digital currencies, Ardoino added.

Commitment to Innovative and Strategic Investments

Tether’s investment philosophy deviates from traditional venture capital approaches. Rather than seeking immediate profitability, Tether opts for projects that align with its long-term strategic interests. 

This approach is evident in its investments in sectors like biotech, exemplified by its support for Blackrock Neurotech, a developer of brain-computer interface technology. Ardoino explained, “We are not a classic VC. We do invest in things that we care about, and we have our own strategy.”

This proactive investment drive underscores Tether’s commitment to bolstering its position in the cryptocurrency market and fostering advancements in technology and finance globally.

Read Also:

Tether Being Shorted by Hedge Funds, CEO Speaks Up

Tether CTO Denies Ripple CEO’s Claims on Potential USDT Sanctions

Tether Scrutiny: Will It Be the Next LUNA and FTT?

USDT Regulation Showdown: Tether CEO vs Ripple CEO – Whose Side Are You On?

How Tether’s Northern Data Investment Changes the AI Game in Crypto

The post Tether to Fuel AI, Biotech, and FinTech Startups with $1 Billion appeared first on Crypto News Land.

Peter Brandt warns of a potential bearish trend for Ethereum, highlighting a possible head and shoulders pattern.

Ethereum faces a 6.81% weekly decline but a 20% monthly surge; ETF trading and liquidity concerns remain.

Market analysts are optimistic about spot Ethereum ETF approvals, which could trigger a price rebound despite current downturns.

Peter Brandt, a crypto analyst on X, has highlighted a potentially bearish trend for Ethereum (ETH), suggesting further declines could be on the horizon. Ethereum’s future hinges on factors like the approval and trading of spot ETFs, with analysts optimistic about a potential price rebound if approvals are granted.

This is# an arguable head and shoulders top. I do NOT short cryptos pic.twitter.com/gjC0OPoJm3

— Peter Brandt (@PeterLBrandt) June 11, 2024

Current Market Situation

Ethereum’s recent performance has been underwhelming according to on-chain metrics. At the time of writing, Ethereum is trading at $3,509.31, down 4.66% amid a broader market downturn. Over the past week, the cryptocurrency has seen a 6.81% decrease. However, despite these recent setbacks, Ethereum has experienced a 20% surge over the past month.

Technical Analysis: Head and Shoulders Pattern

Brandt shared a chart indicating a possible head and shoulders pattern on Ethereum’s monthly chart. This pattern, characterized by three peaks with the middle peak being the highest, often signals a transition from a bullish to a bearish trend. If this pattern holds, Ethereum could experience further declines.

In the past month, Ethereum’s lowest price was $2,863.54, according to CoinMarketCap. Should the trend reversal predicted by Brandt occur, the $3,000 and $2,800 levels could serve as significant support zones.

Market Dynamics and ETF Concerns

Despite recent market challenges, Ethereum faces additional concerns. Although the U.S. Securities and Exchange Commission (SEC) has approved spot Ethereum ETFs, trading for these products has not yet begun. While the approval removes one regulatory hurdle, liquidity concerns remain. With spot Bitcoin ETFs already attracting substantial inflows, there is uncertainty about whether Ethereum can capture a similar market share.

Future Prospects and Potential Rebound

The recent decline in Ethereum’s price is part of broader market dynamics that could mark a significant period in the cryptocurrency’s history. Market analysts are optimistic that at least one spot Ethereum ETF issuer will receive feedback on S-1 registrations this week. Although details of these negotiations are not publicly known, successful approvals could lead to a significant price rebound for Ethereum.

Despite his bearish outlook, Brandt has clarified that he does not short cryptocurrencies, reducing his risk if Ethereum’s price unexpectedly rises. Ethereum’s performance will be closely watched by investors and analysts.

Read also

Prominent Trader Peter Brandt Predicts Bitcoin Price Surge to $150,000

How the Upcoming Bitcoin Halving Could Trigger a Surge Over $600K

Trading Guru: Bitcoin Price To Grow 10X in 2 Years

Expert Predicts Ethereum to Hit $1,993 Amidst Bullish Patterns

Bitcoin Chart Forms Inverse Head and Shoulders Pattern, BTC Price Surge Loads

The post Seasons Trader Peter Brandt Warns of Bearish Trend for Ethereum, Spot ETFs Key to Potential Rebound appeared first on Crypto News Land.

Venture into the ever-expanding crypto cosmos where players with a blend of boundless opportunities and limitations are present. Dogeverse grapples with inflation risks and liquidity woes, while Slothana struggles amidst scams and user discontent. Are these limitations a dealbreaker for you?

Enter MoonBag (MBAG), a shining gem among these turbulent cryptos. While Dogeverse and Slothana navigate their hurdles, MoonBag coin emerges as a hope of security and potential for exponential growth. With a strategic approach to liquidity and a dedication to transparency, MoonBag offers investors a promising journey into the blockchain world. Will you seize this opportunity to join the MoonBag revolution?

Join the MoonBag presale now and find hidden pearls in the depths of your crypto sea.

Dogeverse: All the Glitz and Glamour Fades

Dogeverse (DOGEVERSE), even with an intelligent system that runs on several blockchains, is not all as glitzy and glamorous as it states. There is a catch to the large annual staking yields: they could cause inflation and token devaluation. Liquidity problems, which make it hard to trade large quantities without significantly affecting prices, add to these difficulties.

Its prospects are clouded by worries about rapid sell-offs, price reductions, and waning initial excitement. MoonBag coin , on the other hand, provides strong security with the Ethereum blockchain, consistent liquidity, and the chance to make high returns without worrying about inflation.

Slothana Battles with Scams and Investor Shifts

Slothana (SLOTH) has hit its all-time low in recent weeks. As a Solana-based token, Slothana mirrors any risks or fluctuations experienced by Solana, adding a layer of uncertainty for investors. Reddit discussions have highlighted significant dissatisfaction among users, particularly due to the many scams and the ineffective investor support team associated with Slothana.

Slothana must learn from successful counterparts like MoonBag to improve its standing. MoonBag has gained significant traction thanks to its transparent operations from the pre-sale period, offering a model for how Slothana could potentially rebuild trust and attract investors.

MoonBag Presale: A Whirlwind Forging your Path to $30,000

MoonBag presale is currently in its fifth stage, priced at just $0.0002 and has already raised over $2 million. The presale stages are racing forward like a whirlwind, and so is the profit surge! Analysts are buzzing with predictions, forecasting MoonBag crypto to skyrocket to $0.25 by November. Imagine investing just $200 during the first stage and seeing it rise to an incredible $20,000 by the end and a staggering $30,000 upon listing!

At MoonBag, the launch strategy is crafted precisely, ensuring a robust liquidity pool totalling around $3.5 million. Picture this: MoonBag crypto kicks things off with a solid $1 million in liquidity on launch day, setting a firm foundation for trading and stability. Post-launch, it’ll progressively add the remaining $2.5 million in five strategic steps, each contributing $500,000 to the liquidity pool. But here’s where it gets even more exciting: all liquidity injected after the launch is dedicated to a buyback and burn strategy.

 

By incrementally injecting liquidity and using it solely for buybacks and burns, the MoonBag presale helps prevent sudden price fluctuations and boosts investor confidence in the coin’s long-term value. So join the MoonBag presale and just wait to see your financial level attain new heights!

Stake Your Way to 88% APY with MoonBag!

The much-awaited staking feature is now live! A mind-blowing 88% APY is available to early presale investors, offering a fantastic chance to heighten profits and watch MoonBag holdings grow. All staked coins will be vested three months after the presale, guaranteeing earnings up to the launch day. So, now is the time to use MoonBag coins to enhance your investment and get the benefits!

How to Buy MBAG Coins?

Ready to snag some MBAG coins? First, a crypto wallet like MetaMask or Trust Wallet should be set up. Then, head to the MoonBag website and click “Connect Wallet.” Ensure you have enough ETH, BNB, MATIC, or USDT in your wallet for the exchange. Choose the amount of $MBAG coins you want and confirm the transaction. Once it’s done, you’ll see your new $MBAG coins in your wallet. It’s that simple!

Conclusion

Dogeverse’s glamour wears off due to its inflation risks and liquidity issues, while SLOTH fights investor discontent and scams. Besides these concerns, MoonBag excels, providing unmatched security on the Ethereum network, steady liquidity, and extraordinary profits. Invest with MoonBag presale today and watch your money grow—$200 could become $30,000! Join the revolution! Don’t pass up this fantastic opportunity to safeguard your financial future with MoonBag, where huge earnings and transparency await you!

Invest in MoonBag Presale!

Website: MoonBag.org

Presale: MoonBag Presale

Telegram: https://t.me/moonbag_official

Twitter: https://twitter.com/moonbag_org

The post Embrace MoonBag Presale: Your Shield Against Uncertainties Of Dogeverse and Slothana! appeared first on Crypto News Land.

Anthony Pompliano shifts investments from Ethereum to Solana, highlighting confidence in Solana’s potential.

Solana outperforms Ethereum in profitability, trading volume, and economic value, gaining investor interest.

Current market metrics show Solana’s trading volume growth, attracting investor confidence.

Reported by Altcoin Daily on X, prominent entrepreneur and investor Anthony Pompliano has decided to move his cryptocurrency investments. Known for his insightful commentary on “The Pomp Podcast,” Pompliano announced the sale of his Ethereum holdings to invest in Solana. This decision reflects his belief in Solana’s potential to outperform Ethereum in the near future.

Anthony Pompliano: "I sold my Ethereum and bought Solana instead." pic.twitter.com/oUq46FNgCu

— Altcoin Daily (@AltcoinDailyio) June 11, 2024

Pompliano’s Crypto Journey

Pompliano’s journey in crypto space began in 2016 when he started mining Ethereum. He has been vocal about his investments, revealing his initial steps into the crypto world during the bear market in November 2022. Despite his early engagement with Ethereum, recent market developments have led him to shift his focus towards Solana.

Ethereum vs. Solana: A Comparative Analysis

The decision to transition from Ethereum to Solana comes amidst significant market shifts. In February 2024, Solana surpassed Ethereum in terms of monthly performances. According to on-chain analyst Leon Waidmann, Solana generated over $2 million in economic value, overtaking Ethereum following the introduction of Ethereum Improvement Proposal (EIP) 4844.

Trading volume trends have also highlighted Solana’s growing market presence. Since December 2023, Solana’s trading volume on platforms like Upbit has exceeded Ethereum’s for 55 consecutive days. Similar patterns were observed on exchanges like MEXC, with major exchanges such as Kraken and Coinbase Global Inc. also reporting days where Solana outpaced Ether in trading volume.

Current Market Metrics

At the time of writing, Solana was trading at $152.09, boasting a 24-hour trading volume of approximately $2,282,751,916 and a market cap exceeding $70 billion. In contrast, Ethereum is valued at $3,513.02, with a 24-hour trading volume of around $16,389,616,749 billion and a market cap surpassing $423 billion. These figures underscore the dynamic shifts within the cryptocurrency market, influencing investor decisions like Pompliano’s.

Looking Ahead

Solana’s trading volume and market dynamics suggest a growing interest and confidence among investors. As the crypto market continues to develop, such strategic shifts may become more common, reflecting the adaptability and foresight required in this volatile sector.

Read also

Solana’s On-Chain Metrics Dip, Bulls Eye Comeback Past $162

Emerging Cryptos Poised for 100X Gains, Token Metrics Reports

Cardano’s Bullish Momentum: Key Metrics Hint at Price Surge

BTC’s Indicator Flow Reflects a Bull Transition: Metrics

Solana Surpasses Ethereum in Crypto Trading Volume: Discover the Catalyst

The post Reputed Crypto Investor Anthony Pompliano Shifts Crypto Holdings from Ethereum to Solana appeared first on Crypto News Land.

Finding the next stellar investment can feel like a cosmic quest as the crypto universe expands. Will Dogeverse’s promise of swift transactions overcome the looming threat of network congestion? Can Bitbot’s advanced tools navigate the treacherous waters of security concerns?

Amidst these uncertainties, MoonBag (MBAG) emerges as an opportunity, offering a coin and a community-driven movement. With its zero tax policy and guaranteed liquidity, MoonBag invites investors to join its journey to the stars. While investors are rushing to join MoonBag presale, be a part of it. Sow now, reap later!

Is MoonBag the Solution for Dogeverse’s Network Congestion Woes?

Dogeverse is getting ready for launch, having just finished its presale. Although Dogeverse promises quick processing times and cheap transaction fees, its performance can be affected by the constraints of the various blockchains it uses. The overall effectiveness and dependability of Dogeverse transactions may be hampered by problems such as network congestion or technical difficulties on any of these blockchains, which concerns investors.

On the other hand, MoonBag runs on a single, reliable Ethereum blockchain. This strategic decision guarantees high scalability, resulting in a more dependable and seamless experience. MoonBag coin attracts many investors from Dogeverse because it promises stability and easy transactions. 

BitBot Struggles: A Cause for Concern?

Retail traders can access institutional-grade tools with a user-friendly interface and robust security using BitBot, a non-custodial trading bot on Telegram. Despite Bitbot’s “not your keys, not your crypto” policy, security concerns have surfaced due to incidents involving similar bots, wherein $1 million was stolen.

Furthermore, it is difficult for BitBot to stand out from its many competitors in Telegram trading bots’ very competitive and saturated market.

Anchor Your Investment with MoonBag’s Top Crypto Presale 

The momentum is evident as MoonBag’s (MBAG) 5th presale stage races to a close. Priced at $0.0002 and raising over $2 million, this new meme coin attracts much investor interest. The quick climb from stage 4 to stage 5 demonstrates the unwavering confidence in MoonBag’s potential. With Ethereum 2.0 and cutting-edge scaling solutions, MoonBag crypto can travel across space without the typical blockchain bottlenecks or prohibitive costs. Navigate the digital landscape easily, knowing that MoonBag’s zero tax policy and guaranteed liquidity offer a strong basis for a fantastic adventure.

Moreover, MoonBag’s two-year secured locked liquidity is evidence of the long-term vision. This calculated strategy not only guarantees stability but also demonstrates unwavering dedication to the MoonBag community. The liquidity lock serves as a stable foundation, guaranteeing a steady and easy rise through the crypto cosmos. With the fact that MoonBag is committed to giving each and every one of its investors a safe and successful journey, you can face the future with confidence. So, join the MoonBag presale and be a part of the top crypto presale!

Unlock Massive Profits with 88% APY

MoonBag staking is now active! Investors who purchased MoonBag coins during the early presale stages can now stake them and earn an amazing 88% APY. You can optimise your profits with this unique opportunity because all staked coins will become vested 3 months after the presale ends. Keep earning until the launch day and watch your MoonBag holdings expand.

How to Buy MBAG Coins?

Start by setting up a crypto wallet like MetaMask or Trust Wallet. Once you’re ready, connect your wallet to the MoonBag website by clicking “Connect Wallet.” Ensure you have enough ETH, BNB, MATIC, or USDT in your wallet to exchange for $MBAG coins. Select the amount of $MBAG coins you want and confirm the transaction. After the transaction is complete, your sparkling coins will appear in your wallet.

Earn Big with MoonBag Referrals!

Securely connect your wallet and share your referral code. Anyone using your code will get 10% extra $MBAG coins! Plus, join the monthly leaderboard for a chance to win amazing prizes. Join now and start earning with MoonBag referrals.

Conclusion

Rising to the top of the pack, MoonBag provides scalability, stability, and a flawless experience on the dependable Ethereum blockchain. In contrast to Dogeverse, which might experience problems with network congestion, MoonBag attracts investors looking for stability because of its single-blockchain approach, which guarantees high scalability. In contrast, while BitBot finds it difficult to stand out in a crowded market, MoonBag’s quick ascent through the fifth presale stage shows investors’ unwavering faith in its potential. So, be a part of the MoonBag presale and mark your rise to the top crypto presale.

Join MoonBag Presale

Website: MoonBag.org

Presale: MoonBag Presale

Telegram: https://t.me/moonbag_official

Twitter: https://twitter.com/moonbag_org

The post From Dogeverse and BitBot To The Top Crypto Presale: MoonBag Soars Passed $2 Million appeared first on Crypto News Land.

Singapore City, Singapore, June 11th, 2024, Chainwire

Web3 infrastructure provider SubQuery Network has announced the launch of two new RPCs for the Polkadot ecosystem. Available for Polkadot and Kusama, they are the first decentralized RPCs to be made available on the Substrate-based networks.

SubQuery provides web3 infrastructure for almost 200 networks. The SubQuery Network is a globally distributed network of decentralized indexers and RPC providers. These allow dapps to access fast and reliable blockchain data on demand without introducing centralized points of control. Teams building on Polkadot and Kusama can now utilize SubQuery’s decentralized RPC (Remote Procedure Call) nodes following their deployment.

SubQuery COO James Bayly said: “We are thrilled to be the first to provide decentralized RPCs for Polkadot on the SubQuery Network. Our node operators are already running RPCs and other nodes in multiple ecosystems, and, having emerged from the Polkadot ecosystem, we’re ideally placed to support Polkadot developers with their infrastructure.”

The Polkadot RPCs that have been deployed for the Polkadot relay chain and Kusama are operated by more than 30 independent Node Operators. The provision of decentralized RPCs is integral to enabling blockchain projects to operate efficiently and draw data from multiple sources.

RPCs are pivotal for communication between blockchain nodes and external entities, facilitating data retrieval, smart contract interactions, and transaction submissions. The availability of decentralized RPCs frees dapps from reliance on centralized middleware with the risks this entails. SubQuery Network’s decentralized RPCs facilitate secure and efficient web3 communication. This capability underpins the robust and transparent operations that are essential for the success of DePINs. 

SubQuery started out within the Polkadot ecosystem, releasing an indexer capable of connecting to its unique multi-chain architecture. It’s since expanded to incorporate hundreds of networks, making it a leading indexer of web3 data based on chain support.

About SubQuery

SubQuery has pioneered fast, flexible, and scalable infrastructure to power web3. SubQuery Network provides indexed data to the global community in an incentivized and verifiable way. Its infrastructure plays a critical part in helping web3 transition to an open, efficient and user-centric future.

Learn more: Official Website | Twitter

Contact

Head of Business DevelopmentMarta Adamczykstart@SubQuery.Network

The post SubQuery Network Launches First Decentralized RPCs for Polkadot and Kusama appeared first on Crypto News Land.

As the 2024 bull run surges, some lesser-known altcoins are poised for remarkable growth. These hidden opportunities hold great potential and could offer significant returns. Discover which five altcoins are ready to capture the spotlight during this exciting market phase.

CYBRO Gets on Crypto Whale’s Radar with Presale of Its Tokens

CYBRO is a new platform designed to help users earn more on the Blast blockchain. Blast is known for offering better returns on Ethereum (ETH) and stablecoins than other similar solutions. CYBRO’s main function is to help users take full advantage of this opportunity.

Currently, CYBRO is selling its tokens on presale at a low price of $0.025 each, which is 58% cheaper than the expected future price. This offers a potential ROI of 300%. There’s talk that a crypto whale might buy a significant amount of CYBRO tokens, showing strong interest in the project. Only 21% of the total tokens are available for this presale, and about 25 million have already been sold.

>>>Buy $CYBRO at 58% Discount While You Can – The Supply is Limited!<<<

Holders of CYBRO tokens will receive several benefits, including rewards for staking, special airdrops, cashback on purchases, lower fees for trading and lending, and an insurance program within the platform.

CYBRO aims to support crypto growth through various investment strategies within the Blast ecosystem and beyond. These strategies range from conservative to high-yield investments. The platform focuses on maximizing returns through efficient crypto transactions. Future updates include AIBroker for chatbot-assisted investments and a One-Click Investment feature for optimizing returns through integration with decentralized (DeFi) and centralized finance (CeFi).

>>>Grow Your Crypto Portfolio with CYBRO! Join NOW for Future Returns up to 300%!<<<

Starknet (STRK) Crypto Price Overview and Prediction

Starknet (STRK) is in a corrective phase with current prices between $1.02 and $1.36. The nearest resistance is $1.54, while support is at $0.87. Over the past week, STRK dropped by 9.27% and by 11.31% this month. However, it’s up by 441.077% over six months. Indicators like RSI at 38.548 and MACD at -0.015 further confirm the correction. Short term, STRK may test support, but long-term gains suggest potential upside after consolidation.

Notcoin (NOT) Price Overview: Analyzing the Trends

Notcoin (NOT) is currently trading between $0.0148 and $0.0260. Over the past week, its price fell by 25.46%, yet it saw a massive 713.60% jump in the past month and six months. The nearest support level is $0.0105, with resistance levels at $0.0329 and $0.0441. Indicators like RSI (32.91) and Stochastic (19.04) suggest it is oversold, and MACD shows a bearish trend. Currently, the price seems to be in a corrective phase.

GMT (GMT) Current Price Undervalued with Downward Trend

GMT is currently trading between $0.1867 and $0.2378. Over the past week, its price has dropped by 17.07%, and the one-month change is a negative 8.41%. The coin’s price movement aligns with a corrective pattern, confirmed by a six-month loss of 26.78%. The nearest resistance stands at $0.2688, while the nearest support is at $0.1666. The RSI is at 39.00 and Stochastic at 22.32, indicating a possibly oversold situation.

Hedera (HBAR) Shows Weak Momentum with Recent Price Drop

Hedera (HBAR) is currently in a range of $0.08 to $0.10. The price is below key resistance at $0.12 and has support at $0.07. Over the past week, HBAR dropped by 13.13% and fell 17.36% over the past month. In the last six months, it gained 15.15%. The indicators suggest a corrective phase, as the momentum remains weak. HBAR’s current price is near both its short and long-term moving averages, indicating limited strong trends.

Conclusion

STRK, NOT, GMT, and HBAR may not show strong short-term gains. However, attention shifts to CYBRO, a unique marketplace leveraging Blast blockchain’s yield potential. With its first release in Q2 2024, CYBRO provides a good opportunity for early investors. Participating in the CYBRO token presale gives a chance to join this promising project on favorable terms.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

The post Hidden Treasures of the Crypto Market: Top 5 Altcoins Ready to Shine! appeared first on Crypto News Land.

George Town, Grand Cayman, June 11th, 2024, Chainwire

Binance Labs, the venture capital and incubation arm of Binance, has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security.

Zircuit is a new Layer 2 (L2) network that introduces a novel approach to on-chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and malicious actors. The network’s hybrid architecture, which combines battle-tested rollup infrastructure with zero-knowledge proofs, results in a fast, low-cost, and fully EVM-compatible ZK rollup to provide unparalleled security for users without sacrificing speed or compatibility. More specifically, Zircuit’s performance comes from decomposing circuits into specialized parts and aggregating proofs, which achieves greater efficiency and lower operating costs. 

Yi He, Co-Founder of Binance and Head of Binance Labs said: “At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further.” 

As Zircuit prepares to debut its mainnet this summer, its ecosystem is already demonstrating impressive growth. The network presently hosts over $3.5 billion in staked assets and its “Build to Earn” program has drawn more than 1,100 applications. Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others are among its launch partners.

“Zircuit was born out of cutting-edge scaling and security research. We’re innovating on top of a deep technical foundation, and making Ethereum safer for the next billion users. We’re thrilled to have Binance Labs join us in this journey”, said Dr. Martin Derka, Co-Founder of Zircuit.

About Zircuit

Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds of performance and security. To learn more visit zircuit.com or follow us on Twitter/X @ZircuitL2

About Binance Labs

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

Contact

Jessica GraberZircuitjessica@zircuit.com

The post Binance Labs Invests In Zircuit To Advance L2 With AI-Enabled Sequencer Level Security appeared first on Crypto News Land.

Mainnet v1.18.15 enhances scalability, stability, and performance for Solana’s blockchain.

Significant improvements tackle network congestion, ensuring smoother transactions and operations.

Enhanced security, metrics, and optimizations elevate Solana’s blockchain infrastructure to new heights.

Amidst the meme coin craze and huge demand for platforms on Solana-based blockchains, the Solana team is preparing another major mainnet upgrade to strengthen the Solana blockchain. According to a post by Solana Status on June 10, 2024, the team has recommended the release of v1.18.15 for the mainnet upgrade.

This upgrade is planned to resolve major congestion issues on the network mainly caused by the launch of the Solana-based meme coin. The Solana team asked mainnet beta validators to update to the v1.18.15 release. Some of the most significant improvements coming with this upgrade include bringing Bump to version 1.18.15, a stable release compatible with Mainnet Beta.

Mainnet Beta Validators: Please upgrade to https://t.co/QBYCEvnQqB

— Solana Status (@SolanaStatus) June 10, 2024

This enhancement incorporates a certificate authority (CA) into the Docker image, fixes an issue that prevented valid transactions from being sent back to the queue, and adds metrics for failure thresholds. Additionally, scheduler optimizations will be included as worker precompile verification, and shallow threshold checks will be used only during the consensus mechanism.

Validators are expected to provide updates if delinquent stakes fall below 5% and report any issues they encounter while monitoring nodes. Due to disruptions incurred in past upgradation attempts developers as well as validators are also looking forward to this highly anticipated upgrade.

The price of SOL has reduced by 3.3% in a 24-hour period while the current price stands at $154.50. However, the Solana saw a 58.81% boost in its trading volume. The price of Solana is $121,77, which is the all-time high.

SOL price rose as high as within the $210 zone in March 2024, but the price turned quickly due to several reasons: this involves a slowdown in progress towards the cutting of interest rates by the Fed. Traders will be eyeing $210 again before rallying further to $250.

Solana’s upcoming upgrade, Mainnet v1.18.15, reflects the commitment of the platform to continuous improvement and innovation. By tackling congestion and improving the network’s stability, Solana is cautiously building the foundations for stable and sustainable growth.

This points to a positive outlook of Solana in the crypto space essentially reaffirming its role as an ideal blockchain platform for addressing growing use cases for blockchain across various sectors.

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Cronos Set to Launch Its Mainnet Soon, Bags $100M Developers Fund

The post Unlocking Solana’s Potential: Mainnet Upgrade v1.18.15 Promises Game-Changing Improvements appeared first on Crypto News Land.

An expert investor who made millions trading PEPE has shifted focus to a select group of altcoins over the past month. This intriguing move comes right as the new bull run kicks off, raising questions about which altcoins might see the next big surge. Discover which coins have captured this investor’s attention and why they could be the next big winners.

CYBRO Presale: A One-in-a-Million Investment Opportunity

CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

>>> Enhance Your Crypto Portfolio with CYBRO! Join NOW and aim for future returns up to 1200%! <<<

Pepe (PEPE) Crypto Price Overview and Future Prediction

Pepe (PEPE) is currently in an impulsive move. Its price ranges between $0.00001082 and $0.00001509. Despite a 14.42% drop over the past week, it saw a significant 45.03% rise over the past month and a remarkable 774.38% increase over six months. The nearest resistance is at $0.00001743 and the nearest support at $0.00000889. The RSI is 54.13, indicating balanced momentum.

Dogwifhat (WIF) Crypto Price Overview

Dogwifhat (WIF) is trading between $2.34 and $3.40. It faces resistance at $4.02 and support at $1.91. In the past week, WIF dropped by 18.48%, and in the past month, it decreased by 11.55%. Over six months, it surged by 105.87%. The current Relative Strength Index (RSI) is 47.26, indicating a neutral trend, and the coin is in a corrective phase. The movement is not impulsive based on present technical indicators.

FLOKI Crypto Price Overview: Rising Trend Over Six Months

FLOKI is currently in an impulsive move with a wide price range between $0.00023066 and $0.00033847. Despite a minor one-week drop of 6.28%, it still boasts a robust 48.07% gain over the past month and an extraordinary 546.29% rise in the last six months. Nearest resistance and support levels are $0.00039751 and $0.00018187, respectively. Indicators such as RSI at 37.07 and MACD at -0.00000632 suggest potential continued movement within the current range.

Conclusion

PEPE, WIF, and FLOKI have shown less short-term potential lately. The real focus is on CYBRO. It’s a unique marketplace that uses the Blast blockchain’s native yield capabilities. This project is set to launch in Q2 2024. Early investors can benefit by joining the CYBRO token presale now, securing a position on favorable terms.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

The post Expert Investor Who Made $6M Trading PEPE Has Only Bought These Altcoins in the Last 30 Days appeared first on Crypto News Land.

HSBC China pioneers e-CNY services for corporate clients, marking a significant shift in digital banking.

Collaboration with Nord Anglia Education Group showcases successful e-CNY payments in six schools.

HSBC’s strategic move aligns with China’s broader push towards digital currency adoption.

HSBC China has made a major move by becoming the pioneer foreign bank in China to offer e-CNY services designed for businesses to both retail and corporate sectors. Corporate clients can now easily connect their digital yuan accounts to their business bank accounts, enabling more efficient asset management procedures.

HSBC CHINA BECOMES FIRST BANK TO OFFER DIGITAL YUAN SERVICES FOR CORPORATE CLIENTS– HSBC Bank's China entity has launched Digital Yuan or e-CNY services for corporate clients. – This makes HSBC the first foreign bank in China to offer services linked to the central bank… https://t.co/xgXkTUErQe pic.twitter.com/FY3yyk0Qbx

— BSCN (@BSCNews) June 10, 2024

In 2019, China’s central bank started testing e-CNY in major cities like Shanghai and Beijing, through a mobile app. This was the first step in China’s move into digital currency. 

The plan was to replace physical cash with a digital version of the yuan, the national currency. The e-CNY, which initially was created for retail customers, has now been extended to corporate users, with HSBC taking the lead in making this transition possible.

HSBC had earlier established a strategic partnership with Nord Anglia Education Group to showcase the effectiveness of its corporate e-CNY services. As a result of this partnership, e-CNY payments were effectively incorporated into six Nord Anglia  schools, including those in major cities like Shanghai, Beijing, and Guangzhou. This trial’s success was a major turning point that demonstrated the bank’s creative approach in encouraging corporate entities to adopt e-CNY.

HSBC had revealed its strategic roadmap, which included allowing Hong Kong’s retail investors to access real gold via digital tokens. The bank reaffirmed its dedication to embracing innovation and provided more details about its decision not to tokenize volatile cryptocurrencies.By pioneering digital banking and currency adoption, HSBC has demonstrated the firm commitment to innovation and customer-centricity through its most recent initiative. The bank is well-positioned to spearhead a significant change in the financial landscape by introducing e-CNY services for corporate clients, which will promote increased efficiency and accessibility in digital transactions.

Read Also

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China Boosts Digital Yuan With Giveaway Worth Millions

HSBC Acquires Silicon Valley Bank UK for £1, Signaling Major Shift in UK Banking Sector

The post HSBC China e-CNY Integration Spearheads e-CNY Adoption Among Corporate Clients appeared first on Crypto News Land.

As from next month, the European Union’s new regulations will force some digital currencies to exit the European cryptocurrency market. This move will affect the dynamics of cryptocurrency trading in Europe.

Ongoing Tether EU drama: The question is, if @Tether_to is required to hold 60% of $USDT backing in bank cash to remain in the EU, what will they be forced to sell?60% of @Tether_to marketcap is $67.47 billion.Based on March attestation they hold $100m in cash and $6.2b in US… pic.twitter.com/XKOeZj2WKU

— MartyParty (@martypartymusic) June 10, 2024

Stablecoins are cryptocurrencies that offer price stability which are cryptocurrencies pegged to stable assets. Tether (USDT), which is tied to the dollar, stands out as the most widely used stablecoin. However, the new EU regulations will negatively impact Tether trading in Europe.

Insights into the New Regulations

The European Union’s new capital and transparency mandates will result in the exclusion of numerous stablecoins. Tether, with 70% of its $160 billion valuation at stake, falls short of the MiCA (Markets in Crypto-Assets) Regulation’s criteria.

Following this development, Tether is set to exit the EU market and has already been delisted from some Exchanges. While Tether USDT) is still trading on Kraken, the Exchange is contemplating delisting it.

Analysts believe the exit of Tether from Europe  will force investors to transition to alternative stablecoins and crypto beyond Europe’s borders. Steno Research cautions that this transition could unsettle market liquidity and stability. 

The CEO of Tether expresses skepticism about reaching an agreement with the European Banking Authority. Currently, only a handful of stablecoins conform to the EU’s new standards. Major exchanges like Binance, the largest globally, are counting on Circle’s USDC to bridge the void.

Tether’s Firm Stance

Circle’s USDC, which ranks as the second-largest dollar-backed stablecoin, could capitalize on this opportunity. Circle also provides a lesser-known stablecoin pegged to the euro, named EURC. Despite this, Tether has resolved to refrain from further attempts to align with European regulations.

In a definitive stance, Tether has chosen not to pursue compliance with European rules. Paolo Ardoino, Tether’s CEO, previously remarked that Europe’s disinterest is evident, given that the regulations drastically restrict crypto accessibility within the EU.

The post Unstable Times: What the Stablecoin Crackdown Means for Crypto appeared first on Crypto News Land.

Have you ever wondered what it feels like to miss out on a golden opportunity? Think about the meteoric rise of Dogeverse (DOGEVERSE) and PEPE Coin (PEPE). With Dogeverse’s cutting-edge ecosystem and PEPE’s viral community growth, these coins have soared to unimaginable heights. Don’t kick yourself for not getting in early on the next big thing. Introducing the MoonBag Presale – the most exciting meme coin investment opportunity yet!

The MoonBag Presale is in its initial stages, offering coins at a rock-bottom price of $0.00002 per coin and now in the 5th stage, it has reached 0.0002 USDT. This is your chance to get in on the ground floor of a promising investment. The presale has already raised over $2 M and 88 % Live Staking, reflecting strong investor confidence. Dogeverse and PEPE coin (PEPE) have set the bar high, but MoonBag is primed to surpass them with its stellar characteristics, profit potential, and a future out of this world. Hurry, secure your spot before it fills up!

PEPE Coin: A Meme Revolution Facing Reality

When it first emerged, PEPE Coin sparked a flurry of excitement, winning over investors’ hearts and wallets. However, recent market changes have made others wonder if it will remain viable in the long run. As of 00:41 a.m. EST at the time of writing, the price of Pepe has dropped 11% over the last seven days and a tiny percentage over the last 24 hours, trading for $0.00001467.As investors emphasise other altcoins seeking holdings, data from on-chain aggregator CoinGlass shows a 3% decline in open interest for the PEPE token. Open interest represents the total of all long and short positions for an asset.

The once-vibrant community faces challenges as the coin struggles to maintain its upward momentum. The MoonBag Presale is a more stable and promising investment in this context. With its robust tokenomics and clear growth trajectory, MoonBag offers a more attractive alternative to the uncertain future of PEPE Coin.

Dogeverse: Innovation Meets Uncertainty

Dogeverse (DOGEVERSE) has made waves with its innovative ecosystem and community-driven approach. Yet, even this promising meme coin isn’t immune to market volatility. Recent downtrends have left investors wondering about its long-term stability. Enter MoonBag Presale, a beacon of opportunity in the crypto space. With its affordable entry price and impressive ROI potential, MoonBag offers a safer and potentially more lucrative option than the unpredictable path of Dogeverse.

Why MoonBag Presale Is the Brightest Star in the Crypto Galaxy

Looking for the next big thing in meme coins? The MoonBag Presale is lighting up the crypto universe with its unbeatable features and sky-high potential. MoonBag cryptocurrency offers investors a zero-tax policy, a projected 9,900% return on investment (ROI), and freedom from expensive transaction fees. MoonBag offers an amazing 88% APY to initial investors just for keeping their coins. Known as the top memecoin presale in 2024, MoonBag, is currently in Stage 5, with over $2 million already raised. Not only are you getting in at a discount, but you’re also locking in high returns through staking. 

This meme coin makes buying their coins a breeze, and there is even a referral program to sweeten the deal. By participating in the initiative and helping grow the MoonBag community, individuals receive an extra 10% in MBAG coins.

Conclusion: Why Investors Are Over the Moon About MoonBag Meme Coin Presale

Feeling the FOMO yet? MoonBag Presale isn’t just another meme coin—it’s a launchpad to extraordinary gains. With coins currently priced at $0.0002 each, MoonBag provides an accessible entry point for investors. Its innovative tokenomics and structured presale stages make it a standout choice. The presale has attracted significant attention, raising over USD 2 million and moving quickly toward its second stage. With an APY of 88% and an ROI of 15000%, the MoonBag coin is shaping up to be the year’s most promising meme coin investment. Secure your place now before it’s too late! 

Invest In MoonBag Presale

Website: MoonBag.org

Presale: MoonBag Presale

Twitter: https://twitter.com/moonbag_org 

Telegram: https://t.me/moonbag_official 

The post PEPE Plummets 11% In A Week And Dogeverse Face Bearish Momentum: Investors Rush To Buy MoonBag At Presale Stage 5 To Earn 88% Staking appeared first on Crypto News Land.

Brad Garlinghouse contends that the cryptocurrency market may experience an unprecedented boom. This will be facilitated by institutional capital transitioning from the U.S. economy into the crypto sphere.

BREAKING: @Ripple CEO – Brad Garlinghouse says: “I think when you get the real unlock of the United States economy with the real institutional money flowing in, it’s just hard to predict some of the upside opportunity.” In other words #XRP will reach a high price! pic.twitter.com/p2MQeK2mY4

— JackTheRippler © (@RippleXrpie) June 10, 2024

At the 2024 Consensus conference, Brad Garlinghouse articulated his views on a ten-year outlook for the crypto sector. He initiated his discourse with a critique of the United States’ market strategy, particularly its detrimental policies towards cryptocurrency enterprises.

Brad Garlinghouse specifically pointed out that the United States ranks in the bottom ten percent worldwide for having a transparent regulatory framework. He considers this a striking contradiction given the country’s status as the world’s foremost economic powerhouse.

Significantly, regions such as Hong Kong, the UAE, Singapore, and Europe have taken major steps forward in crafting cryptocurrency regulations, thereby spurring innovation in the crypto industry.

Embracing Crypto Can Positively Impact the U.S. Economy 

Brad Garlinghouse argued that should the U.S. economy fully embrace the crypto market, inviting significant institutional funds, the magnitude of growth could surpass all expectations. He stated that the moment the U.S. economy unleashes, with substantial institutional funds entering the scene, the potential for growth becomes incredibly vast and unpredictable.

Increasing Crypto Investment By Public Institutions 

Data from Bitcoin Treasuries reveals that numerous American public institutions have stakes in Bitcoin. Leading the charge are notable firms such as MicroStrategy, Marathon Digital Holdings, Tesla, and Coinbase Global. Notably, MicroStrategy’s Bitcoin holdings surpass the $14 billion mark.

When it comes to ETFs, BlackRock emerges as a frontrunner with Bitcoin assets worth more than $21 billion, while Grayscale boasts a portfolio exceeding $19.8 billion. Additionally, various other ETFs based in the U.S. have a combined Bitcoin valuation of over $20 billion.

Currently, the cryptocurrency sector claims a market valuation exceeding $2.53 trillion, thanks in part to U.S. participation. The CEO of Ripple envisions that the industry’s worth will reach extraordinary levels in the future.

Crypto Market Valuation Can Reach $5 in 2024

In a previous interview, Brad Garlinghouse projected a striking $5 trillion market value by the end of the year. He remarked that this $5 trillion figure is quite reasonable within the context of the broader economic environment.

The post Brad Garlinghouse Prediction: U.S. Investments to Catapult Crypto to New Heights appeared first on Crypto News Land.

On the 11th of June, Metaplanet acquired an additional 23.25 Bitcoin (BTC), investing close to $1.59 million. This purchase boosted their Bitcoin portfolio to a total of 141.07 BTC, now worth an impressive $9.6 million.

JUST IN: Japanese public company Metaplanet purchases additional 23.35 #Bitcoin worth $1.6 million pic.twitter.com/TdUcX2TQjG

— Bitcoin Magazine (@BitcoinMagazine) June 11, 2024

Metaplanet, a publicly traded Japanese firm, saw its stock value jump after declaring its latest Bitcoin acquisition—its third million-dollar purchase in just seven weeks. The company secured 23.25 BTC for approximately $1.59 million on June 11. 

Metaplanet Profits 4.5% from the Investment 

The company averaged $65,365 per Bitcoin, equivalent to 10,278,391 JPY. With Bitcoin’s price currently at $68,789, Metaplanet’s recent investment has already netted a 4.5% profit, as reported by CoinMarketCap.

Investor confidence soared, and Metaplanet’s share price increased by 10.8% to $0.59 (92 JPY) on the Tokyo Stock Exchange. Since announcing its Bitcoin investment strategy on April 9, 2024, the company’s stock value has nearly quintupled.

Metaplanet’s journey with Bitcoin began with an initial purchase of 97.85 BTC on April 23, followed by another 19.87 BTC on May 10, propelling them to the 30th spot among the top corporate Bitcoin holders. On May 29, the company announced an additional $1.59 million Bitcoin purchase. 

Metaplanet’s Strategic Investment Approach 

Following in MicroStrategy’s footsteps, Metaplanet is looking to diversify its capital market strategies to augment its Bitcoin reserves. This strategic move aims to mitigate Japan’s rising debt levels and the yen’s devaluation.

Currently, Metaplanet is now setting its sights on expanding its fundraising efforts to attract U.S. investors. This aligns with a growing trend of companies adopting Bitcoin as a hedge against the ongoing global financial uncertainties.

The post 23.35 Bitcoins Later: Metaplanet’s $1.6 Million Crypto Acquisition appeared first on Crypto News Land.

Vancouver, Canada, June 11th, 2024, Chainwire

ceτi AI is proud to announce an extended purchase agreement with Cedarcross International Technologies, Inc. for three additional high-performance computing (HPC) servers, each equipped with 8 NVIDIA H100 Tensor Core GPUs, plus an option to purchase an additional 200 identical HPC servers. The agreement marks the completion of ceτi AI’s pilot-scale installation in British Columbia, and opens the door to a 25x expansion of the ceτi AI Global Infrastructure Network with additional GPU and server allocation through Q3, 2024. 

The new servers, powered by NVIDIA’s most advanced H100 GPUs, are expected to arrive within approximately 45 days, further boosting the network’s capacity to support a broad range of AI application development and research. The firm’s pilot installation presents a state-of-the-art solution for web3 protocols, independent development teams, and advanced AI research teams in an 8-server, 64 GPU scalable unit that can be expanded linearly and indefinitely.

In addition to the network’s immediate expansion, the agreement also includes an option to purchase up to 200 identical HPC servers from Cedarcross through September 30th, 2024, underscoring both firms’ commitment to sustained growth and technological advancement in the decentralized AI space. ceτi AI has identified hyperscale data center candidate sites for the additional servers in Montreal, New Jersey, and Santa Clara, and is now in the process of securing investment for their purchase, installation, and initial operation. 

“We’re seeing unprecedented demand from institutional developers, independent researchers, and blockchain protocols for the physical chip and server infrastructure set to power the coming Age of Artificial Intelligence. Deploying the enormous physical infrastructure for decentralized AI requires strong relationships, world-class talent, and deep cooperation in pursuit of our common goal. We’re proud to work with Cedarcross as a valued partner that brings all of these qualities to the table,” said Dennis Jarvis, CEO of ceτi AI.

About Cedarcross

Cedarcross International Technologies Inc. is an investee company of Alset Capital Inc., a publicly traded Canadian company listed on the TSX Venture exchange. Cedarcross specializes in providing low-cost access to cutting-edge, high-performance computing hardware, primarily powered by NVIDIA’s advanced H100 chips. 

About ceτi AI

ceτi AI is at the forefront of the decentralized artificial intelligence (dAI) movement. Committed to innovation and accessibility, ceτi AI develops globally distributed, high-performance, scalable AI infrastructure designed to power the next generation of AI development worldwide. ceτi AI was founded in March of 2024 by long-time industry leaders Dennis Jarvis (CEO), Aaron Smith-Hayes (CTO), Austin Spencer (CFO), and Tony Evans (Chief Strategy Officer). 

For more information about ceτi AI and our initiatives, users can visit http://taoceti.ai

Users can follow ceτi AI on X, Telegram, and Discord for the latest updates and community discussions.

Contact

CEODennis Jarvisceτi AIpress@taoceti.ai

The post ceτi AI Secures $80M of NVIDIA GPUs and Hardware to Expand Global AI Infrastructure Network by 25x appeared first on Crypto News Land.

Notcoin (NOT) has surged 95.9% in two weeks, defying the overall market downtrend, and capturing investors’ attention.

Mantra (OM) boasts a 4423.9% yearly growth, driven by innovative blockchain solutions and strategic partnerships.

Monero (XMR) offers unmatched transaction anonymity, leveraging advanced cryptographic techniques for user privacy.

Despite the weekend’s bearish actions that affected the crypto space, some tokens in the market gained good amounts of value. Three digital currencies that have made their mark in recent days are NOT, OM, and XMR. Even though many large-cap cryptocurrencies were trading at a lower trade price, these three cryptocurrencies were among the best performers and were successful in catching the attention of investors.

Notcoin (NOT)

Notcoin (NOT) has continued to be a standout performer since its launch in mid-May 2024. These changes have occurred, while NOT itself has not fallen by 14.2% within the last 24 hours, though within the last 2 weeks, this crypto has increased by 95.9%. Currently, Notcoin is at $ 0.01609 and is ranked 65th with a market cap of $1.64 billion.

 From the outset, Notcoin offered a new alternative in the crypto-currency market and gained the attention of the community. Notcoin was first established as a viral game on the Telegram platform that will attract as many people as possible into the Web3 ecosystem through a tap mining method.

Mantra (OM)

Mantra (OM), a Layer 1 blockchain that focuses on security, recorded a decline of 8.2% in the last 24 hours, OM’s long-term prospects are very promising. In the last 30 days, OM rose 42.2%, and in one year, the coin increased 4423.9%. This increase pushed the price of Mantra to a new record high of $1.09, surpassing the previous record recorded in April 2024 after a gap of two years.

 Currently, Mantra is listed with its share price at $0.9888, and the company has a market capitalization of $817 million. Further, OM has traded $56 million in volume within the last day of trading.

Mantra’s latest bullish trend follows the announcement of an incentivized multi-chain USDY vault. This collaboration between Mantra and the Ondo Foundation allows USDC contributors to access low-risk short-term US Treasury yields. This vault will open in June 2024 on Ethereum and Base Chain.

Monero (XMR)

Monero has also plunged by 0.9% in the last day and its price is $176 for a market cap of $3.24 Billion. However, in the long term, XMR rose quite significantly. In the last one month, its current price at $66.35 is up by 31.9% and, in the last one year, it is up 27.9%.

Monero now has been among the challenging competitors in the crypto digital world from the year 2014, they are an anonymous and confidential type of cryptocurrency. While it is similar to Bitcoin (BTC), it also has advanced cryptographic techniques to ensure the anonymity of transacted parties.

Despite this ability of Monero to possess a near-perfect imitation of Bitcoin, its biggest strength is in anonymity from ring signatures and stealth addresses with untraceable and unlinkable transactions. There is no need to compare Monero with its competitors like Zcash which uses selective transparency while featuring this comprehensive privacy model.

Notcoin (NOT), Mantra (OM), and Monero (XMR) have promising futures in the crypto industry. NOT has rapidly grown from a viral Telegram game to integrating users into Web3. OM focuses on security and strategic collaborations, while XMR remains strong for its unparalleled privacy features. These cryptocurrencies are set to significantly impact digital finance, attracting investors and driving innovation.

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The 2024 Bull Market Mantra: Adapt or Be Left Behind

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The post How NOT, OM, and XMR Are Defying Market Trends and Attracting Investors appeared first on Crypto News Land.

Ripple has launched a new fund targeting XRPL innovation and adoption in Japan and Korea, as part of its $1 million initiative.

Over 60 financial institutions in Japan, representing 80% of the market, have adopted Ripple’s blockchain technology.

SBI VC Trade, a subsidiary of Japan’s SBI Holdings, plans to build a validator node of the XRP Ledger, supporting Ripple’s blockchain efforts.

Ripple has announced the creation of a new fund to accelerate XRPL innovation and adoption in Japan and Korea. The fund, which is a component of Ripple’s $1 million initiative, will provide XRPL developers with commercial, technical, and financial support. XRPL Accelerator and XRPL Grants programs will be used to direct this support.

We're proud to launch the XRPL Japan & Korea Fund to boost innovation & utility on the #XRPL in APAC! Includes: Corporate Partnerships Dev Grants Startup Investments Community GrowthLearn how the fund fosters innovation and growth: https://t.co/zFSekIekrC

— RippleX (@RippleXDev) June 10, 2024

Ripple aims to capitalize on the promising prospects in these areas. To drive XRPL innovation, the emphasis will be on developing corporate partnerships, startup investments, developer grants, and community development. 

Vice President of Strategic Initiatives at Ripple, Emi Yoshikawa, underlined the strategic selection of Korea and Japan for this fund due to their strong interest in blockchain technology and its possible applications.

The announcement also comes after a noteworthy action taken by SBI VC Trade, a division of SBI Holdings. The organization has made the decision to construct an XRP Ledger validator node highlighting how blockchain technology from Ripple is becoming increasingly popular in Japan. More than 60 financial institutions in the country have already adopted Ripple’s blockchain solutions, accounting for 80% of the market.

The new fund also intends to give the developer community in these areas significant support by providing funding and initiatives that will enable developers to create and expand upon the XRPL platform. 

Ripple’s XRPL Japan and Korea Fund is a big step toward supporting blockchain development. It is anticipated that the initiative will propel significant progress in the blockchain industry in these important markets. The potential for growth and development in blockchain technology in Japan and Korea is highlighted by Ripple’s commitment and the involvement of significant financial institutions.

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The post Ripple’s Million-Dollar Gamble: Transforming Japan and Korea into Blockchain Titans appeared first on Crypto News Land.