Tate’s Bugatti (TATEBUG) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Tate’s Bugatti (TATEBUG), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Tate’s Bugatti presents a similar opportunity.

Tate’s Bugatti has launched with over $54,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

The exciting memecoin is poised to rally 8,000% in the coming two days, and Tate’s Bugatti could potentially reach a multi-million dollar market cap within a few weeks.

Currently, Tate’s Bugatti can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Tate’s Bugatti on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Tate’s Bugatti by entering its contract address – 5tfnSQC1QUoYqzHvWGwyZSiUdA4RMkg6k5XZKeige9zJ – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TATEBUG.

Tate’s Bugatti (TATEBUG) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Tate’s Bugatti (TATEBUG), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Tate’s Bugatti presents a similar opportunity.

Tate’s Bugatti has launched with over $54,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

The exciting memecoin is poised to rally 8,000% in the coming two days, and Tate’s Bugatti could potentially reach a multi-million dollar market cap within a few weeks.

Currently, Tate’s Bugatti can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Tate’s Bugatti on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Tate’s Bugatti by entering its contract address – 5tfnSQC1QUoYqzHvWGwyZSiUdA4RMkg6k5XZKeige9zJ – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TATEBUG.

Gym Doge (GYMDOGE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Gym Doge (GYMDOGE), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Gym Doge presents a similar opportunity.

Gym Doge has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.

The exciting memecoin is poised to rally 5,300% in the coming two days, and Gym Doge could potentially reach a multi-million dollar market cap within a few weeks.

Currently, Gym Doge can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Gym Doge on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Gym Doge by entering its contract address – CqudELpjNktwDig23QPW6efNaBkzmUKspuDLpPqfoZjo – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like GYMDOGE.

Cyborg Shiba (CYSHIB) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Cyborg Shiba (CYSHIB), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Cyborg Shiba presents a similar opportunity.

Cyborg Shiba has a market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.

The exciting memecoin is poised to rally 4,700% in the coming two days, and Cyborg Shiba could potentially reach a multi-million dollar market cap within a few weeks.

Currently, Cyborg Shiba can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Cyborg Shiba on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Cyborg Shiba by entering its contract address – D5hXWyqKPUo4gZB1v8GQuWqb3EgDWuu2fuQQiVTHPutY – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like CYSHIB.

Trump Bitcoin (TRUBTC) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Trump Bitcoin (TRUBTC), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Trump Bitcoin presents a similar opportunity.

Trump Bitcoin has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.

The exciting memecoin is poised to rally 5,300% in the coming two days, and Trump Bitcoin could potentially reach a multi-million dollar market cap within a few weeks.

Currently, Trump Bitcoin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Trump Bitcoin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Bitcoin by entering its contract address – 6u9hfkAM2M96y7SvRGH55iEyTdhFdTu52ipRumSTh79k – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUBTC.

Gym Doge (GYMDOGE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Gym Doge (GYMDOGE), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Gym Doge presents a similar opportunity.

Gym Doge has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.

The exciting memecoin is poised to rally 5,300% in the coming two days, and Gym Doge could potentially reach a multi-million dollar market cap within a few weeks.

Currently, Gym Doge can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Gym Doge on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Gym Doge by entering its contract address – CqudELpjNktwDig23QPW6efNaBkzmUKspuDLpPqfoZjo – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like GYMDOGE.

Cyborg Shiba (CYSHIB) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Cyborg Shiba (CYSHIB), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Cyborg Shiba presents a similar opportunity.

Cyborg Shiba has a market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.

The exciting memecoin is poised to rally 4,700% in the coming two days, and Cyborg Shiba could potentially reach a multi-million dollar market cap within a few weeks.

Currently, Cyborg Shiba can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Cyborg Shiba on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Cyborg Shiba by entering its contract address – D5hXWyqKPUo4gZB1v8GQuWqb3EgDWuu2fuQQiVTHPutY – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like CYSHIB.

The Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT) have initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC), filed in the Northern District of Texas.

This legal challenge was announced by the BA on April 23 as a direct response to the SEC’s recent changes to the “Dealer Rule” in the Securities Exchange Act of 1934.

These industry groups argue that the SEC has exceeded its regulatory powers by broadly redefining the term “dealer.” In February, the SEC implemented new regulations that expanded the definitions of “dealer” and “government securities dealer.”

As a result, more participants in the cryptocurrency market are now required to register, affiliate with a self-regulatory organization, and adhere to federal securities laws.

The BA and CFAT contend that this broadened interpretation creates a nebulous and oppressive regulatory climate for those engaged in digital asset trading.

The lawsuit further asserts that the SEC neglected to properly address public concerns during a limited comment period and failed to evaluate the adverse effects these changes might have.

READ MORE: As PEPE Leads, DOGE Accelerates, a New Player is Steering Toward Success

Kristin Smith, CEO of the Blockchain Association, criticized the SEC’s actions, stating, “The Dealer Rule advances the SEC’s anti-digital asset crusade and unlawfully redefines the boundaries of its statutory authority granted to it by Congress, threatening to drive U.S. companies offshore and incite fear in American innovators.”

The lawsuit aims to revoke the Dealer Rule expansion, alleging it infringes on the Administrative Procedure Act (APA), which mandates transparent and equitable rulemaking processes, including the consideration of public input and the provision of clear regulations.

Smith emphasized their legal strategy, remarking, “We are seeking declaratory judgment and injunctive relief against the regulators to overturn the expansion of the rule and ultimately to prohibit its use against the industry before more harm can be done by this rabid regulator.”

Representing a substantial segment of the cryptocurrency sector, the BA and CFAT advocate for a national policy in the U.S. that promotes local innovation and responsible development in the digital asset field.

This lawsuit underscores their commitment to defending the interests of the cryptocurrency community against what they perceive as overreach by the SEC.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

New York, New York, April 25th, 2024, Chainwire

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO). With an illustrious career spanning over 20 years in finance, credit, real estate, and digital assets, Annelise will be responsible for developing and leading new business initiatives and partnerships across Web3 and beyond.

At Kadena, Annelise’s role as Chief Business Officer is not just a new addition to the team but a strategic move to further propel Kadena’s growth within Web3 ecosystems and adoption with institutional opportunities. Her wealth of institutional experience will be instrumental in shaping Kadena’s future. 

Osborne’s appointment is a testament to her exceptional leadership abilities and strategic acumen, honed during her tenure at Moody’s, where she spent 12 years, and her previous position as COO of Propellr. Her wealth of experience brings a unique perspective to Kadena, instilling confidence in her ability to drive the company’s growth and success. 

Before joining Kadena, Annelise was the Head of Institutional with Arca Labs. She successfully led the team’s work with companies to drive blockchain innovation across strategic partnerships and advisory services. 

“We are thrilled to welcome Annelise Osborne as Kadena’s Chief Business Officer. Her extensive leadership experience, years of university-level lectures, and deep involvement in both blockchain and traditional markets position her to bring continued excellence to Kadena’s business operations,” expressed Stuart Popejoy, Kadena’s CEO and Founder. 

“As institutions search for secure and scalable blockchains to build regulated digital assets, I’m elated to join Kadena to offer the necessary technology at such a pivotal moment in time as Wall Street embraces the next frontier of finance,” said Annelise Osborne.

Annelise’s extensive experience in financial services is complemented by her upcoming book, “From Hoodies to Suits: Innovating Digital Assets for Traditional Finance” (Wiley Publishing), set to be released this summer. This book, which delves into the intersection of digital assets and traditional finance, is a testament to her thought leadership and her ability to anticipate and navigate industry trends.

About Kadena 

Kadena is a blockchain technology company that was founded in 2017 by Stuart Popejoy and Will Martino, who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee. Kadena is the industry’s only scalable layer-1 Proof of Work (PoW) blockchain. This scalability enables Kadena to deliver infrastructure-grade performance for any blockchain project. Along with our own smart contract language Pact, Kadena’s platform provides the world with the tools and environment to turn ideas and ambitions into reality. Kadena aims to allow for true blockchain mass adoption.

Contact

Kadena PressKadenapress@kadena.io

Two attorneys from the U.S. Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, have resigned following a district court’s harsh criticism of the agency’s conduct in a cryptocurrency case.

According to a Bloomberg report dated April 22, the lawyers stepped down earlier in the month after being warned of potential termination.

Welsh and Watkins, who were relatively recent additions to the SEC, were leading the case against DEBT Box, a crypto platform.

Welsh joined the SEC as a trial attorney in December 2022, and Watkins started as an attorney in the Division of Enforcement in January 2023, their LinkedIn profiles show.

Their resignations came in the wake of a decision by Chief Judge Robert J. Shelby, who presided over the case in Salt Lake City, Utah.

In March, Judge Shelby rebuked the SEC for making false statements and misrepresentations in its lawsuit against Digital Licensing Inc., also known as DEBT Box.

He criticized the SEC for a “gross abuse of the power entrusted to it by Congress,” which he said “substantially undermined the integrity of these proceedings and the judicial process.”

READ MORE: Cryptocurrency Users Settle with Ex-FTX CEO Sam Bankman-Fried in Class-Action Lawsuit

In his March 18 filing, Judge Shelby articulated that the evidence presented by the SEC “lacked any basis” and was put forth in “deliberately false and misleading ways.”

He specifically noted that Welsh was aware of inaccuracies in his statements during a temporary restraining order (TRO) hearing, but instead of correcting these errors, “he and the Commission attempted to subtly shift the language to gloss over and perpetuate the misconduct.”

Earlier, in August 2023, the SEC had secured emergency relief against DEBT Box, temporarily freezing the Utah-based company’s assets and issuing restraining orders against its principals, accusing them of a $50 million crypto fraud scheme.

The crypto industry has frequently criticized the SEC’s regulatory tactics under Chair Gary Gensler, particularly attacking the so-called “regulation by enforcement” strategy.

Critics argue this approach has bred regulatory uncertainty, stifled innovation, and diminished the competitiveness of the U.S. in the global digital asset market.

This criticism follows amidst high-profile SEC actions against major crypto platforms like Coinbase and Binance, and anticipated enforcement against the decentralized finance platform Uniswap.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

zug, SWITZERLAND, April 25th, 2024, Chainwire

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Onramps from fiat to crypto have historically been one of the biggest pain points with regard to DeFi accessibility. Thanks to the tireless builders who identified this issue early on, and have been working with regulators, credit card issuers and other payment infrastructure providers, the high barriers to crypto entry are about to be a thing of the past. 

In November of last year, Velocity Labs began talks with Ramp, the leading onramp infrastructure provider for web3. The objective was simple: maximize Asset Hub’s accessibility, and to get it to its full potential. 

Asset Hub is a system parachain considered the “home base” of assets in the Polkadot blockspace ecosystem. It enables the creation, management, and use of assets in the Polkadot network. As a system parachain, it has a trusted relationship with the Polkadot Relay Chain, allowing for porting of DOT from the Relay Chain to Asset Hub. Asset Hub is crucial for the emission of tokens similar to ERC-20 (the Ethereum standard powering DeFi on that chain) and the imminent and future resurgence of DeFi on Polkadot. However, Asset Hub has many constraints, particularly around UX and DevEx. Recognizing the potential of Asset Hub and its importance, Velocity has been working tirelessly to address these limitations.

Ramp is a financial technology company building solutions that connect the crypto economy with today’s global financial infrastructure. Through its core on- and off-ramp products, Ramp provides businesses and individuals across 150+ countries with a streamlined and smooth experience in converting between cryptocurrencies and fiat currencies. Ramp is fully integrated with the world’s major payment methods, including debit and credit cards, bank transfers, Apple Pay, Google Pay, and more. 

About Velocity Labs

Velocity Labs is a DeFi and infrastructure development company founded with the objective of transforming the Polkadot blockspace ecosystem into a thriving hub for DeFi innovation. A team formed by Polkadot veterans and DeFi experts, Velocity Labs is committed to building critical market infrastructure and tooling to unlock Polkadot’s full potential.

More information on velocitylabs.org

Velocity Labs actively searching for builders to join us in creating the most efficient and resilient ecosystem for DeFi on Polkadot. If you think this is you, please get in touch with us through this form.

Contact

ops leadMARIA PAULA FERNANDEZVelocity Labs AGmp@velocitylabs.org

Paris, France, April 25th, 2024, Chainwire

Prize pool of over 1M€ value including media grant from Cointelegraph

Proof of Pitch is part of Proof of Talk, where All Global Leaders in Web3 Meet  

10-11 June 2024, Museum of Decorative Arts (MAD), Louvre Palace, Paris

In a ground-breaking shift from traditional pitch competitions, Proof of Pitch emerges as a transformative platform uniquely combining Artificial Intelligence (AI) insights with the strategic acumen of the world’s leading Web3 venture capitalists. Proof of Pitch participants will showcase their presentation to an exclusive audience of speakers and VCs, including CEOs, founders of leading blockchain companies, and top Web3 VC partners.

Next to the competition’s main sponsor zkSync, distinguished partners and jurors are participating, including Pantera Capital, Borderless Capital, Binance Labs, Greenfield Capital, Arrington Capital, Animoca Brands, Spartan Group, X Ventures, Mechanism Capital and Cointelegraph.

The Proof of Pitch winner will be awarded a first-place grand prize award of 1M€ value in a combination of cash investments by participating VCs, Accelerator services, visibility (such as a 30k media grant from Cointelegraph), and many other value-adding elements.

All participants will also receive a detailed 12-page investment report to understand the strengths and weaknesses of their pitch, outlining strengths to focus on and weaknesses to improve. This is equivalent to a team of analysts spending weeks analyzing the participant’s startup.

Zohair Dehnadi, Co-Founder, Proof of Talk and Partner, X-Ventures: “Unlike conventional pitch competitions, Proof of Pitch enables global businesses and leadership to intelligently tap into the power of Web3, providing valuable and sustainable insights for investors and the startup community at large instead of having just another light-touch startup competition with glittering prizes which ultimately do not add any real business value. Be part of our prestigious Proof of Pitch experience and elevate yourself! See you in June!”

Revolutionizing Startup Evaluation: The AI Advantage

At the heart of Proof of Pitch, a pioneering AI-driven tool is redefining startup assessments, providing deep, nuanced insights at an unprecedented pace. Developed by XVentures through a rigorous, year-long collaboration involving top VCs and data scientists, this AI, known as Pitch Scan LLM tool, can scrutinize a start-up’s business model, conducting thorough due diligence, and evaluate the team behind the idea, market size, and competitive landscape—within minutes rather than weeks. Every participant will be furnished with a detailed 10-page report, with a strategic roadmap for success in the ever-evolving Web3 domain.

Beyond Funding: Prizes That Foster Growth

This initiative is a revolutionary approach aimed at identifying, nurturing, and elevating start-ups set to redefine the innovative horizons of Web3. Winning at Proof of Pitch extends well beyond obtaining financial support. Winners are embraced by a full spectrum of resources, from AI-powered analytics to mentorship by Web3 visionaries, alongside direct introductions to leading venture capitalists. This holistic support system is designed to refine strategies, accelerate growth, and establish market leadership.

Unprecedented Visibility Among the Elite

Gain exclusive exposure by standing among the top 10% of applicants, showcased to a distinguished audience including CEOs, founders of leading blockchain enterprises, and top-tier Web3 venture capitalists. This exposure is more than mere visibility—it’s a golden ticket to captivate the attention of the industry’s elite, secure pivotal investments, and forge transformative connections.

A Vanguard Call to Web3 Innovators

Proof of Pitch calls upon start-ups at the cutting edge of Web3 innovation to dazzle the industry’s titans, venture through the vanguard of technology, and stake a claim in the digital future. This unparalleled opportunity allows participants to showcase their visionary ideas, propel their start-ups forward, and create a lasting impact in the domain of digital innovation.

Proof of Pitch invites those who are interested to dive into this revolutionary journey, an avenue for transcending traditional pitch norms. Navigate through the forefront of Web3 innovation.

Proof of Talk seeks to welcome over 2500 participants. Combined with a stellar speaker line-up featuring CEOs, founders, and leaders of the Web3 and digital assets industry, the summit features impact-focused networking and a refined agenda. A few of the speakers include:

● Joseph Lubin, CEO and Founder at Consensys

● Jenny Johnson, CEO, Franklin Templeton

● Tim Draper, Founder, Draper Associates

● Ophelia Snyder, Cofounder President, 21Shares

● Mihailo Bjelic, Co-Founder, Polygon

● Raoul Pal, Crypto Macro Economist

● Yat Siu, Chairman, Animoca Brands

● Stani Kulechov, CEO, Avara

● Staci Warden, CEO, Algorand Foundation

● Tim Grant, CEO, Deus X Capital

● Digital asset leads from over 30 major TradFi banks

● Partners from 100+ attending VCs

The summit’s agenda also actively reflects Web3’s growing importance, with over 20 panels, 10+ workshops, and over a dozen keynotes and firesides on key topics shaping Web3’s future. These include real-world asset tokenization, AI-blockchain integration, gaming evolution, and smart contract security.

Participants in this year’s Proof of Pitch can showcase their innovative ideas and gain valuable exposure. Participants have the opportunity to connect with industry experts and potential investors who can help elevate their businesses to the next level. Those who are interested can apply here.

About Proof of Talk

Proof of Talk is setting a new standard in the Web3 conference landscape, positioning itself not just as another web3 conference but as a pivotal forum where the promise of decentralization comes to life. The summit uniquely combines the essence of traditional economic forums with the dynamic, decentralized Web3 community, fostering an innovative ecosystem of dialogue and action. It stands as a platform for change, where every voice, from the seasoned economist to the radical Web3 founder, contributes to a collective vision of a decentralized economic future. By facilitating engaging discussions and unparalleled networking, participants shape this new landscape. Learn more at www.proofoftalk.io

About X Ventures

X Ventures is a Germany-based digital assets investment fund dedicated to supporting and empowering entrepreneurs in the Web3 industry. Alongside its investment activities, X Ventures founded www.xschool.io, aiming to provide accessible education to future leaders worldwide. Website: https://www.xventures.de

Contact

Shanna MolinaCognitoshanna.molina@cognitomedia.nl

DAO Maker, a crypto fundraising platform focused on Web3 projects, is distinct from the MakerDAO stablecoin protocol and aims to raise significant funds in 2024.

Despite this initiative, the platform is under scrutiny from victims of a 2021 hack who claim they have not been fully compensated for their losses, despite promises from the development team.

The hack, resulting in a loss of approximately $7 million, was attributed to a compromised private key, which victims allege stemmed from developer negligence.

Initially, DAO Maker responded to the August 2021 breach by distributing 500 USD Coin per affected user and promising further compensation through a new IOU token named “USDR,” scheduled to be redeemable within a year for the platform’s native DAO token at enhanced rates.

However, victims told Cointelegraph that they were never able to redeem their USDR tokens, and the promised redemption process was reportedly canceled following a governance vote influenced by DAO Maker using its substantial token holdings.

Adding to the controversy, a decentralized finance (DeFi) researcher from SOMA Analytics reported that DAO Maker might have manipulated the governance vote to abandon the USDR redemption and attempted to erase evidence of this decision.

Victims of the hack remain uncompensated, and the USDR token has become nearly worthless, with no active market or exchange possibilities.

One investor, speaking under the pseudonym “Red Drac,” described receiving 500 USDT immediately after the hack and 1,500 USDR later, which they were unable to redeem or sell at full value.

They discovered a liquidity pool that offered the USDR tokens at a substantial discount but chose not to sell, leaving the tokens in their wallet.

Another affected user, “Zztelecom,” also highlighted the inability to redeem USDR, buying them at a discount in the hope of future gains that never materialized.

READ MORE: Qtum Foundation Pilots 10K Nvidia GPUs to Power $500 billion Blockchain AI Sector

SOMA Analytics further detailed how a specific proposal on the DAO Maker platform to adjust the USDR redemption terms was passed by just six wallets, suggesting potential manipulation.

This proposal reduced the redemption value of USDR significantly, contradicting earlier commitments.

Despite the DAO vote favoring a 50% redemption rate, no compensation was distributed, and the tokens were made unredeemable for anything other than DAO Power on the platform, effectively rendering them useless in the secondary market.

The situation has left many investors with tokens that offer little more than the potential to participate in future token offerings without guarantee of profit.

As DAO Maker continues to operate, servicing Web3 startups and maintaining a significant market presence, the unresolved issues from the hack raise ongoing concerns about governance and compensation practices within the platform.

Cointelegraph’s inquiries to DAO Maker for comments remained unanswered at the time of publication.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Since Tether began supporting The Open Network (TON) on April 19, $60 million worth of Tether has been issued on the platform.

This places TON as the 11th-largest blockchain for Tether among the 16 that currently support the stablecoin.

The announcement of this initiative was made at the Token2049 crypto conference in Dubai, signifying a strategic collaboration between the stablecoin issuer and the TON Foundation.

Alongside Tether, the firm has also introduced the gold-pegged Tether Gold (XAUT) stablecoin on the TON blockchain.

The Open Network team emphasized the efficiency of this new offering, highlighting that cross-border payments can be made instantly and without fees, as simply as sending a text message to any of Telegram’s 900 million users.

Tether CEO Paolo Ardoino expressed optimism about the partnership’s early results, noting in a social media post on April 21 that $35 million in USDT had already been issued on TON within the first two days.

This figure has since increased to $60 million according to the latest Tether Transparency report.

The integration with Telegram allows users to send money seamlessly through direct messages without the need for blockchain addresses or additional applications.

READ MORE: Pro-XRP Lawyer John Deaton Advocates for Coinbase Users in SEC Lawsuit, Sets Sights on Senate Seat

The platform also supports fully integrated on-ramps for most global fiat currencies at launch, and plans are in place to introduce global off-ramps that will facilitate withdrawals directly to bank accounts or cards.

Despite these developments on TON, the majority of Tether’s $109.8 billion circulating supply remains on the Tron network, which hosts $57.8 billion.

Ethereum follows with $51 billion in circulation, although this figure has been decreasing as Tether expands to other blockchains to mitigate high network fees associated with Ethereum.

Other blockchains supporting Tether include Solana, which ranks third with $1.9 billion issued, and several others such as Avalanche, Omni, Cosmos, Tezos, Near, EOS, and Celo.

In the broader stablecoin market, Tether maintains a dominant position with a 69% market share of the total $159.5 billion stablecoin market capitalization, as per data from CoinGecko.

Circle’s USD Coin, the nearest competitor, holds a 21% market share with $33.7 billion in circulation.

Following the announcement, the price of Toncoin spiked by 22%, although it quickly reverted to its prior levels. As of the latest update, Toncoin is trading down 1.6% at $6.13.

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Over the past month, at least 12 memecoins presold on the Solana blockchain have been reportedly abandoned after collectively raising $26.7 million.

Independent blockchain investigator ZachXBT detailed these findings in a recent post on the social platform X, highlighting the volatility and risks associated with such investments.

ZachXBT pointed out that the projects utilized the controversial presale method to gather funds, with several experiencing significant losses shortly after their launch.

One of the memecoins did not even release a token.

The most dramatic decline was observed in the memecoin “I like this coin” (LIKE), which was initiated by the pseudonymous founder pokeee.eth.

This particular token amassed 52,220 SOL (approximately $7.7 million) and debuted with a market capitalization of $577 million on March 17.

However, it lost over 90% of its value within just eight hours of launching. Currently, LIKE has plummeted by 99.2% from its initial price.

The official X account for LIKE has been inactive since March 31, with no further updates or comments from its founder, pokeee.eth, about the project since then.

Another significant project, dubbed MOONKE, faced a similar fate.

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Launched on March 20 by RockyXBT, MOONKE initially boasted a nearly $500 million valuation but also saw its price drop more than 99% shortly after.

Other projects, like one that raised 4,567 SOL (around $812,000), failed to launch their tokens entirely.

Attempts by Cointelegraph to reach the founders, including pokeee.eth and RockyXBT, for comments were unsuccessful.

The broader market sentiment towards Solana-based memecoins has cooled, with leading tokens such as Dogwifhat (WIF) dropping more than 40% since the start of April.

This trend reflects a growing skepticism similar to that witnessed during the Ethereum ICO boom in 2017, a period marked by rampant speculation and high-profile failures.

Among the noted incidents, the developer of the Slerf (SLERF) memecoin accidentally destroyed the entire presale allocation of the token in a so-called “fat finger” burn error in March.

Despite this significant setback, involving 535,000 SOL (valued at about $10 million at that time), SLERF gained a cult following and briefly surged to a market cap of approximately $750 million.

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Gym Doge (GYMDOGE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Gym Doge (GYMDOGE), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Gym Doge presents a similar opportunity.

Gym Doge has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.

The exciting memecoin is poised to rally 5,300% in the coming two days, and Gym Doge could potentially reach a multi-million dollar market cap within a few weeks.

Currently, Gym Doge can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Gym Doge on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Gym Doge by entering its contract address – CqudELpjNktwDig23QPW6efNaBkzmUKspuDLpPqfoZjo – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like GYMDOGE.

Smart Pepe (SMPEPE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Smart Pepe (SMPEPE), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Smart Pepe presents a similar opportunity.

Smart Pepe has a market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.

The exciting memecoin is poised to rally 5,300% in the coming two days, and Smart Pepe could potentially reach a multi-million dollar market cap within a few weeks.

Currently, Smart Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Smart Pepe on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Smart Pepe by entering its contract address – 48EWerq7ztGdxxfMgVhz121hyW3yqrv3tVsamMvYfJKm – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SMPEPE.

The blockchain gambling platform ZKasino has faced significant criticism after diverting $33 million in investor and user funds to the staking protocol Lido.

This move, disclosed in a blog post on April 20, deviated sharply from the initial promise to return these funds.

According to ZKasino’s announcement, its network had successfully launched, attracting over 10,000 users who transferred a total of 10,515 Ether in exchange for the platform’s native ZKasino (ZKAS) tokens.

Contrary to expectations, the platform converted the bridged ETH to ZKAS tokens at a “discounted rate of $0.055” on a 15-month vesting schedule, a change from the original plan.

ZKasino described these changes as “done as a favour” to ensure a “seamless transition” to its chain, which does not utilize ETH.

This led to user concerns, especially after the company altered its website to omit previous guarantees of ETH returns.

Further scrutiny arose after an on-chain analysis revealed that ZKasino had transferred all the user’s ETH to Lido. Adding to the controversy, an anonymous developer identified as “cygaar” criticized the technological underpinnings of ZKasino’s blockchain.

According to cygaar, the blockchain was merely an “Arbitrum Nitro chain that took 2 minutes to deploy” and did not incorporate the promised zero knowledge or EigenDA technologies.

Outraged users have voiced their concerns on X, with some accusing the project of being an exit scam and sharing personal details of ZKasino’s founder, known as “Derivatives Monke,” to push for legal actions.

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The situation escalated with Venture capital firm Big Brain denouncing the project.

In an X post dated April 21, Big Brain clarified that it “never invested in ZKasino” despite previous claims by ZKasino of securing a Series A funding at a valuation of $350 million from notable firms including MEXC and Big Brain Holdings.

In response, MEXC, a crypto exchange implicated as an investor, distanced itself from ZKasino’s actions.

On April 21, TechFlow reported MEXC’s statement emphasizing that the exchange was “just one of the investors” and also a victim of ZKasino’s decisions.

Meanwhile, both ZKasino and its founder have remained largely silent on the backlash, except for minimal updates and responses to criticisms on X.

Despite the turmoil, Derivatives Monke continues to engage minimally on the platform, indicating a commitment to “keep building,” reflecting a possible attempt to maintain a facade of normalcy amidst the growing controversy.

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The cryptocurrency market has experienced a significant bull run since October 2023, marked by a strong Bitcoin (BTC) rally.

This surge has propelled both old and new meme coins, with many achieving new highs or approaching their previous peaks.

Amidst this upbeat market atmosphere, Dogecoin (DOGE), the first meme coin ever created, has been the subject of many optimistic forecasts suggesting it could soon exceed $1.

However, a prominent crypto analyst known as Credible Crypto on YouTube and CrediBULL Crypto on X has a nuanced view on these bullish predictions.

He recently outlined a strategy for shorting DOGE, signaling a less optimistic short-term outlook for the coin.

According to him, Dogecoin has not yet established a clear uptrend as it lacks consecutive higher highs and higher lows, and seems to be at a distribution top.

Credible Crypto’s analysis suggests that while DOGE’s price might rise for a while, it is expected to reach a critical zone between $0.19 and $0.20, which it will likely fail to maintain.

He plans to take a short position once Dogecoin hits this price range, anticipating a drop to major support levels, likely around $0.09-$0.10, and possibly even as low as $0.05.

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Despite his short-term bearish stance, Credible Crypto remains optimistic about the long-term prospects of meme coins, including Dogecoin.

He predicts that the broader crypto market’s current corrections are just part of a cycle that will eventually lead to a ‘meme coin megafinale’ featuring a significant Dogecoin rally above $1.

He suggests that the expected decline to $0.05 could provide an excellent entry point for a long position in anticipation of this rally.

This approach reflects the mixed performance of DOGE, which, while showing significant gains over the past year, has also experienced substantial volatility.

Over the last 52 weeks, Dogecoin has seen an impressive 100.27% increase, with a 77.68% rise in 2024 alone.

However, it has recently faced some resistance, with a notable 8.27% decrease over the past 30 days but remains slightly positive on the weekly chart with a 1.88% increase.

As of today, the price of DOGE stands at $0.1587, having dropped by 0.86% in the last 24 hours.

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Recently, a newly established cryptocurrency wallet engaged in a significant transaction involving the SHIB meme coin.

According to data from Etherscan, this anonymous wallet acquired 237.8 billion SHIB, totaling $6,290,435 in value at the time of the transaction.

This large-scale purchase, indicative of either an over-the-counter (OTC) deal or a redistribution of assets by a major holder, took place shortly after the SHIB team announced securing $12 million for the development of a layer-3 solution atop Shibarium.

The timing of this purchase coincides with SHIB project lead Shytoshi Kusama’s revelations about his extensive international travel.

In a tweet, Kusama, operating under his alias, disclosed the purpose behind his frequent changes in location on X/Twitter throughout the year, visiting Japan, Hong Kong, Puerto Rico, New York, Dubai, and the Maldives.

The SHIB community had been tracking these movements, speculating about their implications. Kusama clarified that his travels were aimed at raising funds for the new blockchain initiative.

Shibarium, currently a layer-2 solution built on Ethereum, will serve as the foundation for this upcoming layer-3 blockchain.

Lucie, the SHIB marketing lead, explained the advantages of the layer-3 solution in a tweet.

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She highlighted that adding a third layer would be “like putting a cloak of invisibility over fast-moving transactions.”

Furthermore, she stated that this enhancement would improve privacy and security, making transactions both faster and more affordable.

She described the security benefits as, “Adding L3 is like putting a second lock on your door. It adds more security features, making everything safer.”

The development of the layer-3 solution will also facilitate compliance features allowing auditors to inspect even private transactions, among other improvements.

In addition, the forthcoming TREAT token, which has yet to be released, will be utilized within this new framework to facilitate transaction processing, much like the BONE token is currently used on Shibarium.

This initiative represents a significant expansion in the SHIB ecosystem, aiming to enhance transaction efficiency and security.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.