Cryptocurrency investments are hitting all-time highs. While Polkadot struggles to keep its price above $7 and Solana enjoys a spike in token creation, BlockDAG is making waves with its astounding growth. Fueled by strategic partnerships and state-of-the-art mining technology, BlockDAG’s value has skyrocketed by 1120%, raising an impressive $49.2 million in its presale. This stellar performance, paired with eco-friendly practices and innovative technology, cements BlockDAG’s position as a major player in the crypto arena.

Solana’s Token Boom in May

May witnessed a dramatic surge in token creation on the Solana network, with nearly 500,000 new tokens launched, fueled largely by the popularity of meme-inspired tokens. Solana’s ability to process high transaction volumes at low costs, combined with user-friendly token creation services from platforms like Pump.fun, has significantly driven this growth.

To date, Solana has facilitated the creation of over 1.1 million tokens this year, highlighting its increasing attractiveness to developers and the wider crypto community seeking efficient and affordable blockchain solutions.

Is Polkadot Losing Ground in the Crypto Market?

Polkadot (DOT), ranked as the 14th largest altcoin by market capitalization, is showing troubling signs of decline, struggling to maintain its price significantly above $7. Although there have been slight recoveries above this threshold, the overall market confidence in DOT’s resilience is faltering, causing investors to be wary of its potential rebound.If this weak momentum persists, Polkadot risks being surpassed by rising altcoins like Stacks and Rollblock, which are ready to move up the ranks if DOT’s performance doesn’t improve soon. This situation highlights the inherent volatility and rapid shifts that define the cryptocurrency market.

BlockDAG’s Spectacular Ascent: An 1120% Surge to $0.0122 in Batch 18

BlockDAG has made a strong mark in the crypto market, driven by enthusiastic investor backing during its ongoing presale, which is now in its 18th batch. The coin’s price has skyrocketed to $0.0122, representing an astonishing 1120% increase from its initial offering. This remarkable growth is further highlighted by the $49.2 million raised during the presale, showcasing the burgeoning interest from the crypto community.

Furthermore, the presale period also saw a notable uptick in mining equipment sales, particularly the X100 miner rig, which sold 7200 units and generated $3.1 million. Renowned for its robust performance, the X100 offers a hash rate of 2 TH/s and consumes 1800W of power, making it suitable for both small and large-scale mining operations. Capable of producing up to 2,000 BDAG daily, this high-performance miner is an appealing option for those seeking significant returns.

BlockDAG stands out by championing environmentally friendly and efficient mining solutions that align with global sustainability goals. The recent launch of the X1 beta version app for Android and Apple allows users to mine cryptocurrencies directly from their smartphones. This app employs a power-efficient consensus algorithm, reducing battery and data usage, and features a user-friendly design and referral system, attracting both novice and experienced miners.

Additionally, BlockDAG’s commitment to continuous enhancement is demonstrated through its regular Development (Dev) Releases and the implementation of Directed Acyclic Graph (DAG) technology. This technology enables scalable management of intricate dependencies, improving both transaction speed and security.

Significantly, BlockDAG focuses on refining Smart Contract functionalities and Asset Balance management, which greatly boosts operational efficiency. Analysts foresee BDAG reaching $1 in 2024, showcasing the potential for impressive returns. Supported by BlockDAG Nodes, the platform’s scalable and dependable infrastructure is set for sustained success in the crypto market.

The Last Call

In summary, the crypto sector is a mixed bag of triumphs and hurdles. Polkadot’s battle for price stability starkly contrasts with Solana’s explosive token creation. Yet, BlockDAG’s staggering 1120% value surge and $49.2 million presale success underscore its powerful presence. With its blend of strategic alliances, cutting-edge mining tech, and a dedication to sustainability, BlockDAG positions itself as a powerhouse in the cryptocurrency world.

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 Crypto Outlook: BlockDAG’s June 2024 Presale Skyrocket, Polkadot Plunge, Solana Meme Coin Upswing appeared first on Crypto News Land.

Are you ready to seize the opportunity of a lifetime? While Notcoin and Bitbot have had their moments, there’s a new player in town that’s capturing the attention of savvy investors everywhere. Notcoin has shown some growth, and BitBot had its brief period of hype. But now, the spotlight is on MoonBag (MBAG). This isn’t just any meme coin; it’s the investment of the year. With features that promise stellar returns and staking rewards that are out of this world, MoonBag is the presale you don’t want to miss. MoonBag is not only affordable but also incredibly promising. The MoonBag presale has already topped $2.3 million, a clear sign of investor confidence. But why is MoonBag so special? It’s the unique combination of high APY, innovative tokenomics, and a structured presale process that makes MoonBag stand out. 

Bitbot: The Non-Custodial Trading Industry’s Future

In the non-custodial bot business, Bitbot begins by enabling users to automate trades while preserving security. Their focus on financial inclusion resonated with a lot of people. Its appeal is restricted to those who have made significant investments in the Telegram trading environment, unfulfilling the needs of a larger market. Here’s where the $MBAG coin shines and draws the attention of the same investors for a number of strong reasons.

Notcoin: Promising Yet Faltering

Notcoin entered the market with high expectations, boasting innovative features and a solid community backing. However, recent performance has not lived up to the hype. Notcoin has experienced significant downtrends, with its value and investor interest waning. Market challenges and a lack of significant updates have left many investors questioning Notcoin’s long-term viability. In contrast, MoonBag offers a fresh and exciting opportunity with its potential for high returns and innovative features.

MoonBag Presale Rockets Towards New Heights

MoonBag is not just another meme coin; it’s a revolutionary investment opportunity. The presale stages are designed to maximise investor returns, starting with an incredibly low entry price of $0.00002 per coin. With over $2.3 million already raised, investor confidence is high, and the excitement is palpable and now available at 0.0003 per $MBAG coin. MoonBag offers an impressive 88% APY on staking, providing substantial passive income potential for early investors. The presale is filling up fast, and the opportunity to buy MBAG coins at this low price won’t last long. Early investors are not only securing a potentially high-return investment but also benefiting from the staking rewards. With a projected ROI of 15000% and a predicted listing price of $0.25 by November 2024, MoonBag is set to deliver significant returns, making it the best meme coin investment overall.

How to Buy $MBAG Coins

Getting your hands on MoonBag coins is straightforward. Visit the official MoonBag website, create an account, and purchase MBAG coins using USDT. At the current price of $0.0003 per coin, one USDT can buy you a substantial amount of MBAG coins. This affordable entry point allows you to maximise your investment potential and take advantage of the staking rewards.

The MoonBag presale is structured to provide maximum benefits to early investors, with the price set to increase as the presale progresses. 

MoonBag Meme Coin’s Stellar Staking Rewards

MoonBag’s staking rewards are out of this world, offering an impressive 88% APY. This provides substantial passive income potential for early investors. The staking rewards are live now, so early participants can start earning immediately. This high APY, combined with the low entry price of $0.0003 per coin, makes MoonBag an incredibly attractive investment.

The presale stages are designed to maximise returns, with the price set to increase as more investors join. This means that early participants can secure a significant amount of MBAG coins at a low price, benefiting from both the staking rewards and the potential for high returns as the coin’s value increases.

Conclusion: Don’t Miss Out on the MoonBag Rocket

In the dynamic world of cryptocurrency, timing is everything. Notcoin and BitBot have had their moments, but the future belongs to those who seize the opportunity with MoonBag meme coin. With its affordable entry point, impressive presale performance, and promising ROI, MoonBag is set to be the next big thing in meme coins. Don’t let this rocket take off without you—join the MoonBag presale today and prepare for an exhilarating journey to financial freedom.

Invest In MoonBag Presale

Website: MoonBag.org 

Presale: MoonBag Presale  

Twitter: https://twitter.com/moonbag_org Telegram: https://t.me/moonbag_official

The post MoonBag Meme Coin’s Staking Rewards Phenomenon: What’s Driving Investors Away from BitBot and Notcoin appeared first on Crypto News Land.

When fresh prospects arise in the crypto space, what motivates the movement of investors? Excellent returns and creative reward systems are main drivers in a fast changing market as both financial strategists and enthusiasts want to maximise the value of their assets. 

MoonBag crypto marks this dynamic change and celebrates its ranking in the best crypto presale for June 2024. Its 88% APY staking incentives are attracting a lot of investors away from sites like Bitbotse and Render. Aside from that, the MBAG token has raised over $2M within the last month, with analysts touting it to be the next Pepe. This strategic advantage not only increases MoonBag’s attractiveness but also confirms its dominance in the competitive field of cryptocurrency presales.

Bitbot Investors Jump Ship to MoonBag’s 88% APY Staking Rewards

Attracting a market that values modern technology in their investment methods, Bitbot is known for its creative application of artificial intelligence to improve trading outcomes. Its system provides advanced tools that forecast market patterns, optimising trades for maximum rewards. 

But many Bitbot investors are turning their attention to MoonBag as they hunt more profitable prospects with its outstanding 88% APY staking payouts. Rising as the best crypto presale in June 2024, MoonBag’s major financial incentive is essential for attracting a wide range of investors seeking to maximise their crypto profits.

Render’s 3D Visualization Tech Falls Flat as Investors Flock to MoonBag’s Staking Rewards

By providing unique 3D visualisation technology—highly appreciated by digital artists and designers for displaying graphics on a distributed network—RNDR has achieved major advancements in the cryptocurrency market. 

Though RNDR is making creative contributions, MoonBag’s complete financial products are attracting more investors, so highlighting it as the best crypto presale in June 2024. For both new and seasoned investors, these staking benefits plus MoonBag’s dedication to scalability and security present a more interesting possibility. Those first enthralled with RNDR’s technology are hurriedly moving to MBAG attracted by the possibility for a more varied investment approach and bigger returns. 

MoonBag is Shaping the Future of Crypto as the Best Crypto Presale in June 2024, Raising Over $2M Within a Month

Combining modern technologies with a community-driven approach, MoonBag is transforming the crypto scene. MoonBag’s creative strategy has positioned it as a market leader providing investors with a progressive and balanced platform. 

MoonBag presale is evidence of its dedication to creativity and community development. This presale presents investors with a rare chance to participate in a growing ecosystem that emphasises openness, user involvement, and ongoing innovation as the best crypto presale in June 2024. Participating in the presale helps investors not only take advantage of financial possibilities but also help to shape a community influencing the direction of cryptocurrencies. With over $2 million raised in just a month, could MoonBag be the next Pepe, capturing the hearts and wallets of the crypto community?

High-Reward Staking with MoonBag 

With an amazing 88% APY, MoonBag’s staking reward is among the most profitable choices available in the crypto market. For early participants, this great annual yield guarantees significant profits. The easy-to-use reward lets investors quickly stake their assets and begin to see results. MoonBag’s staking reward offers a great chance for anyone wishing to expand their cryptocurrency portfolio and guarantee large financial rewards given the great return rate.

How to Buy $MBAG Coins?

First step is downloading a compatible wallet like MetaMask or Trust Wallet. Organise your wallet and visit the MoonBag presale website. Choose your wanted $MBAG amount after connecting your wallet. Your coins will be deposited right away. 

Refer, Rise, and Expand Your Crypto Network with MoonBag

Share your special referral code to rank highest. Get major payouts of cash and increase your income. New referrals get a 10% bonus in $MBAG coins, therefore promoting community development. Come along with the revolution and grow your crypto network.

Conclusion- MoonBag is The Real Deal

MoonBag’s exceptional 88% APY staking rewards distinguish it as the best crypto presale in June 2024, despite the alluring features of Bitbot and Render. With over $2 million raised in just a month, MoonBag’s financial momentum is reminiscent of the explosive popularity of Pepe in the crypto world. Participate in the MoonBag presale today to use these unmatched staking advantages and position your portfolio front and centre in terms of crypto innovation.

Invest in MoonBag Presale 

Website: MoonBag.org

Presale: MoonBag Presale

Telegram: https://t.me/moonbag_official

Twitter: https://twitter.com/moonbag_org 

The post MoonBag Mania: 88% APY Staking Rewards Spark Mass Exit from Bitbot and Render in Best Crypto Presale in June 2024, as MoonBag Raises Over $2M appeared first on Crypto News Land.

Cryptocurrency investment is soaring to new heights. While Polkadot struggles to keep its price above $7, and Solana experiences a boost in token generation, BlockDAG steals the spotlight with its explosive growth. Backed by strategic partnerships and cutting-edge mining technology, BlockDAG has watched its value skyrocket by 1120%, amassing $50 million in its presale. This remarkable performance, combined with its commitment to eco-friendly practices and superior technology, marks BlockDAG as a key player in the crypto world.

Solana’s May Token Explosion

In May, Solana witnessed a significant uptick in token creation, launching nearly 500,000 tokens, largely driven by the popularity of meme-inspired tokens. Solana’s capacity to handle high transaction volumes at low costs, along with user-friendly token creation services provided by platforms like Pump.fun, has significantly contributed to this surge.

To date, Solana has facilitated the creation of over 1.1 million tokens this year, proving its growing appeal to developers and the broader crypto community seeking efficient and cost-effective blockchain solutions.

Is DOT Losing Its Edge in the Crypto Market?

Polkadot (DOT), currently the 14th largest altcoin by market capitalization, is showing signs of potential decline, struggling to maintain its price substantially above $7. Despite minor consolidations above this threshold, the overall market confidence in its strength is wavering, making investors hesitant to bet on its recovery.Continued weak momentum might see Polkadot overtaken by emerging altcoins such as Stacks and Rollblock, which are poised to rise in the rankings if DOT’s performance does not improve soon. This situation underscores the volatile and ever-changing nature of the cryptocurrency market.

BlockDAG’s Meteoric Rise: An 1120% Jump to $0.0122 in Batch 18

BlockDAG has firmly positioned itself in the crypto market, fueled by enthusiastic investor support during its ongoing presale, now in its 18th batch. The coin’s price has soared to $0.0122, a dramatic 1120% increase from the initial offering. This leap is reflected in the impressive $50 million raised during the presale, highlighting the growing interest from the crypto community.

The presale also saw a notable increase in mining equipment sales, especially the X100 miner rig, which sold 7200 units, bringing in $3.1 million. Known for its robust performance, the X100 offers a hash rate of 2 TH/s and power consumption of 1800W, making it ideal for both small and large-scale mining operations. Capable of producing up to 2,000 BDAG daily, this high-performance miner is a lucrative option for those seeking substantial returns.

Moreover, BlockDAG distinguishes itself by promoting environmentally friendly and efficient mining solutions that align with global sustainability goals. The recent introduction of the X1 beta version app for Android and Apple allows users to mine cryptocurrencies directly from their smartphones. This app utilizes a power-efficient consensus algorithm, reducing battery and data use, and includes a user-friendly design and referral system appealing to both new and experienced miners.

Further, BlockDAG’s commitment to continuous improvement is evident from its regular Development (Dev) Releases and the adoption of Directed Acyclic Graph (DAG) technology, which ensures scalable management of complex dependencies, boosting transaction speed and security. 

Notably, With a focus on enhancing Smart Contract functionalities and Asset Balance management, BlockDAG significantly increases operational efficiency. Experts predict that BDAG could reach $1 in 2024, indicating potential for significant returns. The platform’s scalable and reliable infrastructure, supported by BlockDAG Nodes, is set for ongoing success in the crypto sphere.

The Final Call

To sum up, the crypto sector showcases varying successes and challenges. Polkadot’s struggle with price stability contrasts sharply with Solana’s token creation boom. However, BlockDAG’s impressive 1120% value increase and $50 million presale success highlight its significant influence. By merging strategic partnerships, innovative mining technologies, and a commitment to sustainability, BlockDAG emerges as a formidable force in the cryptocurrency arena.

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 Crypto Forecast: BlockDAG’s June 2024 Presale Surge, Polkadot Downturn, Solana Meme Coin Take Off appeared first on Crypto News Land.

Wondering which cryptocurrency will deliver the highest profits? Stay tuned to uncover the best investment! Within the transformative world of blockchain technology, where BitBot coin faces several challenges in its presale stage. One of the major hurdles is market competition, while ICP encountered challenges related to regulatory hurdles and Lack of Transparency.

The MoonBag presale provides transparency, stability, and a robust framework to boost its scalability, ensuring sustained prosperity within the cryptocurrency era.

BitBot: Can It Be a Crypto Boom or Bust?

BITBOT is making strides with its AI-powered Telegram trading bot, raising an impressive $4.3 million during its presale phase. BITBOT faces several hurdles. Its heavy reliance on AI and automated systems and a lack of complete transparency may present risks, particularly during market downturns. The Telegram trading bot industry has grappled with significant security issues, with leading bots losing over $1.5 million due to theft. While BITBOT has partnered with Knight Safe to ensure the security of user funds, concerns linger regarding the overall safety of automated trading platforms. 

It needs to prove its sustainability beyond the excitement of its presale period. Investors are urged to weigh these risks and stay informed about ongoing developments carefully.

Can ICP Coin Regain the Investors’ Trust?

The Internet Computer Protocol (ICP) coin is designed to facilitate a high volume of transactions, but it faces hurdles related to scalability and volatility. This suggests it may struggle to process numerous transactions quickly, potentially leading to delays and losses for users.

In the Past week, ICP experienced a significant decline in value attributed to regulatory challenges, ambiguity, and uncertainty surrounding its coin valuation. Previous criticism and controversies surrounding the Internet Computer Protocol (ICP) coin could also influence public trust and confidence in the network.

MoonBag Crypto Takes the Crown Having Raised $2.3 Million Within a Month

The MoonBag crypto presale is attracting much attention, raising over $2.3 million in its fifth stage. It boasts a remarkable 15,000% return on investment from its initial stage, an 88% annual percentage yield (APY) on staking, and a liquidity plan injecting approximately $3.5 million, $1 million initially and $2.5 million later.

 

Currently, $MBAG coins are available at $0.0002. Stage 6 is approaching rapidly, with profits increasing at each stage. Don’t miss out on significant gains.

Earn Rewards with MoonBag Referrals!

Unlock rewards with MoonBag referrals! Refer a friend and unlock extra MoonBag meme coins. When your friends utilise your exclusive referral code, they receive an additional 10% in $MBAG coins while you can join our monthly leaderboard and secure thrilling rewards.

Get 88% APY on Staking with MBAG!

Secure your stakes with MoonBag Staking Rewards! Participate in the MoonBag Presale and take advantage of 88% APY on Staking with MBAG. Don’t miss out on the opportunity to grow your MoonBag holdings, earn substantial rewards, and possibly win incredible prizes!

Conclusion

MoonBag best meme coin presale provides unique solutions to the issues facing  BitBot and the ICP through an innovative approach. It offers transparency and stability to counter market volatility and regulatory challenges. It is a great chance to invest with confidence. Jump into the MoonBag presale today and set yourself up for financial freedom tomorrow.

Invest in MoonBag Presale

Website:MoonBag.org

Presale:MoonBag Presale

Telegram: https://t.me/moonbag_official

Twitter: https://twitter.com/moonbag_org 

The post MoonBag Crypto Presale Skyrockets Above BitBot and ICP with Almost $2.3 Million Raised within a Month! appeared first on Crypto News Land.

What starts the excitement in the crypto market every mid-year? Investors search for prospects with greater promise than only good returns. Making a wise investment in this competitive industry helps one find the actual game-changers.

MoonBag crypto is now leading and is widely regarded as the top crypto presale in June 2024, attracting significant attention from the media. It has exceeded the $2 million milestone in stage 5 of its presale and has outperformed competitors such as Bitbot and KangaMoon. MoonBag is rapidly attracting the attention of investors seeking substantial development because of its innovative approach to staking rewards and strategic positioning in the market.

Investors Ditch Bitbot for MoonBag, Attracted by Prediction of $1 Valuation by 2025

Encouraged by community support, Bitbot’s presale came off good. The platform is improving features, including real-time market data and a new staking option, as it gears to allow coin claims via a Telegram bot. 

However, by means of its 88% APY staking incentives, MoonBag presents a more appealing package in the top crypto presale in June 2024. MoonBag appeals more to investors with this high yield and the expectation of a $1 valuation by 2025, therefore pulling them away from Bitbot.

MoonBag Outshines KangaMoon with Superior Staking Rewards and Presale Success

KangaMoon has garnered significant interest among members of the cryptocurrency community due to its inventive utilisation of blockchain technology in the gaming sector. It generates an interesting ecology for consumers by combining earning potential with entertainment. 

However, MoonBag is gaining popularity in the market. Investors are favouring MoonBag over KangaMoon because of its bigger potential rewards and stronger growth possibilities.

MoonBag Steady Unlocking New Heights in Crypto Investment as the Top Crypto Presale in June 2024

MoonBag is gaining recognition and creating excitement in the cryptocurrency community. The bold claim of providing a return on investment (ROI) of up to 9,000% for early investors has sparked much interest. In the current stage 5, MoonBag is valued at 0.0002$ and is lucrative enough to attract the whales. The coin’s approach to managing liquidity has dramatically enhanced its market stability and potential for growth, making it a highly lucrative investment choice.

MoonBag’s presale continues to attract attention and gain pace. The presale momentum of MoonBag continues to gain traction as an increasing number of investors recognise the benefits and potential of this emerging cryptocurrency, indicating a promising outlook for its future.

How to Buy $MBAG Coins

The process of buying $MBAG coins is quite easy. First, install a wallet, preferably a Trust or Metamask wallet. Next, visit the MoonBag presale website and link your wallet. Then select the amount of coins you want to buy, and they will be deposited straight into your wallet. 

Engage In MoonBag’s Referral Program

MoonBag introduces a unique referral program where users can share their referral codes, rank on a monthly leaderboard, and win amazing cash prizes. The platform also rewards new referrals with an extra 10% in MBAG coins. 

Stake and Earn With MoonBag

With an outstanding 88% APY, MoonBag’s staking programme offers users who lock in their money a significant return. Not only do stalkers make large annual profits, but they are also vital for preserving the platform’s economic stability and expansion.

Key Takeaway- Invest In MoonBag For Huge Gains 

Although Bitbot and KangaMoon possess unique features and benefits, MoonBag Presale has proven a formidable contender in the cryptocurrency market. Its creative staking strategy, with an 88% APY, boosts investor returns and strengthens its standing as a consistent, growth-oriented crypto asset. MoonBag’s aggressive market moves and community-driven projects have increased its appeal, solidifying its position as the top crypto presale in June 2024. Now is the time to invest in MoonBag’s presale for huge profits. 

Invest in MoonBag Presale 

Website: MoonBag.orgPresale: MoonBag Presale

Telegram: https://t.me/moonbag_official

Twitter: https://twitter.com/moonbag_org 

The post Top Crypto Presale in June 2024: MoonBag Dominates with Staking Frenzy, Outstripping Bitbot and KangaMoon as Presale Hits $2M Milestone appeared first on Crypto News Land.

Nigeria’s FIRS dropped tax evasion charges against Binance execs, focusing legal action solely on the company.

Binance argues Gambaryan lacks decision-making authority, highlighting corporate governance challenges.

Gambaryan’s health deteriorates in detention, with a recent diagnosis of malaria and pneumonia.

Tax evasion charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla have been withdrawn by Nigeria’s Federal Inland Revenue Service (FIRS). The FIRS has revised its legal approach, naming only Binance itself, represented locally, in the ongoing legal proceedings.

Gambaryan and Anjarwalla were detained earlier this year for allegations of money laundering and tax evasion against Binance. Despite being named in a separate case by the EFCC, the Financial Institutions Revenue Service (FIRS) dropped tax charges against the individuals.

JUST IN Nigeria Drops Tax Charges Against #Binance  Executives pic.twitter.com/iVEppbcK7E

— Global Rashid (@globalrashid007) June 14, 2024

Impact on Binance and Executives

Binance has been vocal in asserting that Gambaryan, in his role as head of financial crime compliance, lacks decision-making authority that would necessitate his representation in court. 

Anjarwalla, formerly overseeing Binance’s operations in Africa, escaped detainment shortly after the initial charges were filed.

The application for an order to enforce fundamental rights is set to be heard at the next hearing in the money-laundering case on June 19. On June 20, the trial is scheduled to resume as Gambaryan is still detained at Kuje prison.

Binance is awaiting the Economic and Financial Crimes Commission’s (EFCC) actions to release Tigran, who has been detained for 110 days due to deteriorating physical health, including a recent malaria and pneumonia diagnosis, to allow him to return home.

Morever, On May 23, Gambaryan collapsed in court from malaria, the statement by the family spokesperson said. Since then, the “conditions have worsened, and Tigran now has pneumonia.”

The CEO was taken to the hospital by prison officials 11 days after Justice Emeka Nwite issued an order, according to the spokeswoman. The executive’s family has not yet received the results of the quick examination.

Binance Executive Tigran Gambaryan Denied Bail in Nigeria

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SEC Drops Charges Against Ripple Execs: A Big Win for Crypto!

The post Binance Execs Cleared of Tax Evasion by Nigerian FIRS appeared first on Crypto News Land.

Do you remember when Bitcoin was launched, and no one believed in cryptocurrency? That’s how it goes: first, they laugh, then they follow. People who thought of crypto as a passing cloud are investing their lifetime savings to make a fortune. However, there is no guarantee that your money will be rewarded. Sometimes, people have to face the music after investing in the wrong coins. So, where to invest? MoonBag crypto is the perfect answer.

In a crunch time when cryptocurrencies like Polkadot and Notcoin are suffering, a newly emerged meme coin called MoonBag is taking over the market. With over $2M raised in a month, there is no stopping it. MoonBag is rocking towards the moon, providing people with opportunities to earn around 15000% ROI. Stake your MBAG coins now for 88% APY. 

Investors Raise Questions Over Polkadot’s Sustainability 

Polkadot’s allocation of $14.4 million to boost its DeFi project, Hydration, raises questions about sustainability and real impact. The projected high returns for liquidity providers seem overly optimistic, and the long-term viability of such incentives is still being determined. 

Additionally, market predictions for Polkadot’s DOT token suggest volatility and potential declines, reflecting broader market concerns about the project’s future stability and effectiveness in driving substantial growth within the crypto ecosystem.

How Long Can Notcoin Survive on a Tap-to-earn Model? 

Despite the initial excitement surrounding Notcoin, recent developments highlight several concerning aspects. The token’s performance has been overshadowed by newcomers like MoonBag, which has created a buzz in the crypto world and is projected to hit $1. 

Furthermore, the sustainability of Notcoin’s growth is questionable. Its reliance on the repetitive “tap-to-earn” model and market speculation raises doubts about its long-term viability and investor confidence.

MoonBag Crypto Roars with Projection to Hit $1 

MoonBag coin presents an exceptional investment opportunity with projected ROIs of 9,000% to 15,000% for early joiners. The project employs the perfect liquidity, burn, and buyback strategies to enhance coin value and maintain market stability, ensuring investor confidence. 

MoonBag’s focus on scalability guarantees efficient handling of increasing demand and transaction volumes, making it a sustainable long-term investment. The 5th  Stage of MoonBag presale stage is active, offering investors a prime entry point. At this stage, the price per MBAG is 0.0002 USDT, predicted to hit $1 after burns.

Stake Your MoonBags for 88% APY

The staking on MoonBag has gone live with 88% APY. If you have been looking for a passive income, trust us, you will never get a better option. Stake your MBAG coins today for a financially secure tomorrow. 

Get Your MoonBag Now! Learn How to Buy

Buying MoonBag coin is a piece of cake. There is no hassle at all. Follow these quick steps to secure your financial future with MoonBag. 

Visit the MoonBag website.

Connect your wallet (such as MetaMask).

Ensure you have USDT in your wallet.

Enter the amount of USDT you want to spend.

Confirm the transaction to receive your MBAG tokens.

Conclusion 

In the ever-volatile crypto market, MoonBag crypto stands out as an opportunity amidst the struggles of Polkadot and Notcoin. With its perfect strategies and impressive presale performance, MoonBag offers the best investment potential. Early joiners can expect significant returns, making it an attractive option for those seeking substantial growth and stability. 

Don’t miss out—secure your financial future with MoonBag presale and stake your MBAG coins for a lucrative 88% APY.

Invest in MoonBag Presale 

Website: MoonBag.org

Presale: MoonBag Presale

Telegram: https://t.me/moonbag_official

Twitter: https://twitter.com/moonbag_org

The post MoonBag Crypto Touches Sky with Over $2m while Polkadot, Notcoin Go Down in Flames appeared first on Crypto News Land.

MicroStrategy is upsizing its stock sale to $700M to acquire more Bitcoin

Microstrategy has consistently utilized debt to fund its Bitcoin buying spree, taking advantage of the cryptocurrency’s price fluctuations. 

The capital injection signals MicroStrategy’s continued conviction in Bitcoin as its primary treasury reserve asset

MicroStrategy Inc. has announced plans to augment its stock sale to a staggering $700 million. The company aims to secure additional funds for the acquisition of more Bitcoin, reinforcing its position as the world’s largest corporate holder of the cryptocurrency.

BREAKING: MicroStrategy is now raising $700 million to buy more #Bitcoin $200m more than initial announcement. pic.twitter.com/GbcVfDerOp

— Bitcoin Archive (@BTC_Archive) June 14, 2024

The enterprise software firm initially set out to raise $600 million but, riding on the wave of strong investor interest, boosted the offering by an additional $100 million. The convertible debt offering, structured with a modest annual interest rate of 0.625% and set to mature in March 2030, is targeted at qualified institutional buyers.

Michael Saylor’s Investment Strategy

MicroStrategy’s chairman and fervent Bitcoin advocate, Michael Saylor, has been steering the company’s cryptocurrency course since 2020. Saylor’s strategy involves leveraging market volatility to fund Bitcoin purchases.

The latest financial maneuver is expected to close on June 17th, with the convertible notes maturing in 2032. These notes offer investors the flexibility to convert into MicroStrategy stock before maturity.

MicroStrategy’s aggressive accumulation of Bitcoin began in 2020 under Saylor’s direction. The company has consistently utilized debt as a means to fund its Bitcoin buying spree.

With this additional capital injection, MicroStrategy signals its continued conviction in Bitcoin as its primary treasury reserve asset. This doubles down on its investment amid the current market turbulence.

As Microstrategy expands its Bitcoin holdings, this move is not just a financial strategy but a clear vote of confidence in the long-term appreciation of Bitcoin. MicroStrategy’s commitment to the cryptocurrency market is unwavering, and this latest development is a testament to its belief in the enduring value of Bitcoin.

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The post MicroStrategy Seeks to Raise $700 Million for Additional Bitcoin Purchases appeared first on Crypto News Land.

Trezor has launched Trezor Safe 5 (TS5), a secure and user-friendly solution for storing their digital assets.

Trezor has introduced the Trezor Expert onboarding service to assist customers in setting up their TS5 devices securely. 

The demand for hardware wallets typically surges following the collapse of centralized exchanges

Trezor, a crypto hardware wallet firm, has announced the launch of its latest flagship device, the Trezor Safe 5 (TS5). This innovative hardware wallet is engineered to provide crypto enthusiasts with a secure and user-friendly solution for storing their digital assets.

Exciting news from @Trezor! They've just launched their latest flagship crypto hardware wallet, the Trezor Safe 5 (TS5). Secure your cryptocurrencies with the best in the market! #Crypto #TrezorSafe5 #Blockchain pic.twitter.com/Ro3rZqAZED

— Tamheed Nazir (@tamheednazeer) June 14, 2024

Features of Trezor Safe 5 (TS5) 

The TS5 boasts a suite of upgraded security features that set a new benchmark in the crypto industry. Among these is a haptic color touchscreen, which offers users an intuitive and interactive experience when managing their cryptocurrencies. 

Additionally, the device comes with an improved backup system to enhance recovery of assets in the event of unforeseen circumstances. Additionally, the TS5 is available in various finishes, allowing users to choose a design that best suits their style. 

Trezor has also catered to the Bitcoin community by offering a Bitcoin-only variant of the TS5. This variant is ideal for those who prefer to transact exclusively with the seminal cryptocurrency.

Trezor Expert Onboarding Service

Recognizing the hurdles that newcomers face when transitioning from centralized exchanges to self-custody, Trezor has introduced the Trezor Expert onboarding service. This personalized service is designed to assist customers in setting up their TS5 devices securely. 

The service provides a comprehensive walkthrough of the setup process and imparts crucial knowledge about private key management and safe online practices. Matěj Žák, CEO of Trezor, highlighted the significance of self-custody during the product’s unveiling at BTC Prague. 

He pointed out that the demand for hardware wallets typically surges following the collapse of centralized exchanges. This underscores the importance of reliable self-custody solutions in the evolving cryptocurrency space.

Priced at $169, the TS5 testifies Trezor’s unwavering commitment to security within the cryptocurrency ecosystem. As the cryptocurrency market continues to evolve, the Trezor Safe 5 emerges as a beacon of innovation and foresight.

Read Also

Former Canaan Chairman’s Crypto Project Hacked: Insider Turns Fugitive

Ethereum On Exchanges Plummets, Supply Reaches New Lows

XRP’s Fate Hangs in the Balance: Will It Soar to $1 or Plummet to $0.35?

Dogecoin Whale Stockpiles Millions Amid Plummeting Prices: What Does This Mean?

Coinbase Manager’s Brother Admits Guilty to Insider Trading

The post Trezor Unveils Safe 5 Crypto Hardware Wallet, Offers Bitcoin-Only Option appeared first on Crypto News Land.

Biden’s nominations signal a focus on crypto expertise, as seen in Christy Goldsmith Romero’s potential move from the CFTC to FDIC chair.

Kristin Johnson’s Treasury role shift underscores a strategic regulatory realignment, impacting oversight of financial institutions.

Amid election year scrutiny, Biden’s financial policy leadership changes reflect his administration’s complex stance on digital currencies.

United States President Joe Biden has plans to replace officials overseeing financial policy with his latest selections for the Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC), Treasury Department, and Financial Stability Oversight Council.

In an announcement on June 13, the White House mentioned that President Biden is nominating Christy Goldsmith Romero of CFTC to replace FDIC Chair Martin Gruenberg. He also intends to have the CFTC Commissioner Kristin Johnson transition to the Treasury Department where he will be the next Assistant Secretary for Financial Institutions; Caroline Crenshaw to stay on as a commissioner at the SEC.

At present, Romero has not only been working as a CFTC commissioner since March 2022 but he was nominated by Biden, who he is considered to be one of the most crypto-friendly people in CFTC. One can wonder if her nomination to be FDIC chair is more of the consequence of her expertise in securities and cryptocurrencies than it is due to filling the leadership role Gruenberg vacated. Then in May, a soon-to-be former FDIC chair committed to step down after charges of acts of workplace, including Sexual harassment and discrimination. Advertisement

Trade intelligently with instant notifications from Market Pro. You can now avail the limited offer of 65% off on your current purchase! Romero was already signifying his exit from the CFTC in April this year while Johnson would have been able to continue until 2025 had he been allowed to stay on. President Biden also said he intended to nominate Hawaii Insurance Commissioner Gordon Ito to serve on the FSOC. All the nominations will be voted in the Senate if presented to it as provided in this constitution.

The leadership potential nominations at the important financial regulatory agencies come in an election year in the U.S. Voters consider how this government looks at digital currency, as can be seen. Some of the critics of the current president, Joe Biden, have noted his anti-crypto policies for instance, vetoing a Congressional resolution that seeks to reverse the SEC rules disallowing a bank to host digital currencies.

Read also:

US SEC Commissioner Allison Lee Steps Down

CFTC Chastised For ‘Blatant Regulation Via Enforcement’

OKCoin USA Under FDIC Scrutiny Over Misrepresentation

CFTC Chairman To Bolster Regulation Against Crypto

CFTC Chair Clashes With SEC Chair, Says Ethereum Is a Commodity

The post Crypto-Friendly Faces Reshape Financial Policy appeared first on Crypto News Land.

The U.S. spot Bitcoin ETFs reported $226 million in net outflows on Thursday.

Fidelity’s FBTC saw net outflows of $106 million, its second largest since its debut.

SEC anticipates a summer decision on spot ether ETFs.

US spot bitcoin ETFs experienced significant outflows of $226 million on Thursday. Fidelity’s FBTC led the pack, with net outflows reaching $106 million. This marked the second-largest outflow for FBTC since its inception. According to data from SoSoValue, the overall impact saw 11 US spot Bitcoin ETFs reporting a cumulative net outflow of $226.21 million.

Breakdown of Outflows by Fund

Grayscale’s GBTC also faced substantial withdrawals, recording net outflows of $62 million. Ark Invest and 21Shares’ ARKB followed closely, seeing $53 million exit from their funds. 

Smaller outflows were observed from Bitwise and VanEck, each around $10 million. Invesco and Galaxy Digital’s BTCO also saw net outflows of $3 million. However, BlackRock’s IBIT was the sole fund to record net inflows, attracting $18 million on Thursday.

Bitcoin ETF Tracker | 2024-06-13 Daily Total Net Inflow -$226.21M Total Value Traded $1.79B Total Net Assets $58.53B ETF Market Value Ratio 4.45% Net Inflows/Outflows for Each ETF IBIT +$18.23M BTCW $0 BRRR $0 EZBC $0 DEFI $0 BTCO -$2.66M… pic.twitter.com/Xmjp6Buo5k

— SoSo Value (@SoSoValueCrypto) June 14, 2024

Cumulative Inflows and Market Impact

Despite the recent outflows, the 11 spot Bitcoin ETFs have amassed a total net inflow of $15.30 billion since their listing in January. The price of bitcoin has seen a slight decline, dropping 1.48% over the past 24 hours to $66,704. 

In related developments, SEC Chair Gary Gensler indicated that a decision on spot ether funds might come over the summer. Last month, the SEC gave preliminary approval for spot ether ETF applications, with issuers awaiting the green light for their S-1 registration statements.

Analysts at JPMorgan expect spot ether funds to start trading before November this year. Bitfinex analyst Jag Kooner predicts these funds could capture up to 20% of investments currently directed to spot bitcoin ETFs. However, crypto derivatives trader Gordon Grant noted that institutional investors might find spot ether funds less appealing due to the removal of staking components, a decision driven by regulatory uncertainties.

US Spot Bitcoin ETFs See $200M Outflows; Market Reacts U.S. spot Bitcoin

Fidelity Positions for Crypto-Dominance with Upcoming Bitcoin ETF Application

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Fidelity Ventures Into the Metaverse and NFT Marketplace

Massive Binance Withdrawals Raises in the Last 24 Hours

The post US Spot Bitcoin ETFs Report $226M outflows, Fidelity’s FBTC leads appeared first on Crypto News Land.

Crypto billionaires have amassed a $160 million war chest to back US candidates favoring minimal regulation, influencing Senate races.

Senators Sherrod Brown and Jon Tester are key targets due to their crypto skepticism, making them vulnerable in pro-Trump states.

The crypto industry’s significant political funding reflects its evolved clout despite recent scandals, focusing on reducing SEC oversight.

Crypto billionaires and their allies have accumulated a $160 million war chest to support US candidates favoring minimal regulation of the cryptocurrency industry. This substantial sum positions the crypto sector as a major force in federal campaign finance. The funds could significantly impact the Senate elections, potentially shifting control to Republicans.

Democratic Senators Sherrod Brown of Ohio and Jon Tester of Montana are key targets. Both are crypto skeptics with influential roles in the Senate, and their states were won by Donald Trump in the last election, making them vulnerable. The political action committee Fairshake, along with groups backed by significant contributions from Ripple Labs, Andreessen Horowitz, and Coinbase Global Inc., has nearly doubled its funding recently. Notably, the Winklevoss twins contributed $4.9 million earlier this year.

Coinbase CEO, Brian Armstrong himself has called on the voters to blacklist such lawmakers. The Capitol Hill meetings formulated with Armstrong involved a meeting with different senators, inclusive of Tester. In his turn, Faryar Shirzad, the chief policy officer of Coinbase, highlighted the readiness of the industry to cater to its political application.

Cryptocurrency players try to decrease their regulation by the Securities and Exchange Commission (SEC), which has sued some significant market participants. The SEC led by Gary Gensler has claimed that the industry bears high risks of fraud and that exchanges are inadequate in handling customers’ assets. From the following analysis, it would be clear that Coinbase will be greatly affected in case the regulator’s position triumphs over this issue after being accused of violating securities laws by the SEC.

I was able to confirm that Fairshake is tracking both Brown and Tester and is involved in the race, although the money has not been spent yet, it has shown interest in their reelection races. When it comes to legislation, Brown has been under scrutiny with the entire industry looking to the Blockchain Association headed by Kristin Smith. The House, which is under the Republicans’ control, passed a regulatory package, but the Senate under the Democratic majority failed to respond.

However, observable evidence of RO’s impact includes Fairshake’s heavy spending in the California Senate primary to take on progressive Representative Katie Porter. The political influence of the crypto sector has shifted significantly since the year 2022, and the highs and lows such as the fall of global exchange FTX and its CEO SBF, also known as Sam Bankman Fried.

Still, Brown and Tester are under pressure. Both have complained about the attention they have received, although their Republican Party rivals, Bernie Moreno and Tim Sheehy, are great supporters of cryptocurrency. Moreno and Sheehy gave the incumbent senators such a label of ‘hostile to the crypto industry’.

Read also:

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Crypto Clarity or Chaos: House Passes FIT21 but Senate Showdown Looms

Australian Senate Turns Down Crypto Regulation Bill: What’s Next for Digital Assets?

US House of Representatives Approve FIT21 Bill with Strong Bipartisan Support

The post Crypto Lobby’s $160M Senate Gamble appeared first on Crypto News Land.

New York, New York, June 14th, 2024, Chainwire

Kadena, the world’s only scalable Proof of Work blockchain, announces a partnership with Lurk Lab to build out a Zero-Knowledge tech stack on the Kadena blockchain that will pave the way for provably secure cross-chain messaging. 

Kadena and Lurk Lab are developing a robust ZK roadmap that includes a ZK bridge between Ethereum and Kadena. In total, there are two milestones that are expected to be accomplished in the second half of 2024, and a third milestone that will be completed later. 

Given Lurk’s comprehensive and unique approach, John Wiegley, Kadena’s Chief Technology Officer, is excited about the robust capabilities being developed for ZKs on Kadena by Lurk Lab. 

“We’re excited to work with Lurk Lab to integrate their zero-knowledge technology into Kadena, particularly for the impact it will have in enabling zero-knowledge cross-chain messaging,” said Wiegley. 

John Burnham, Co-Founder and CEO of Lurk Lab, also shared in the enthusiasm for the partnership and bringing ZK to Kadena. 

“It’s now generally accepted in Web3 that zero-knowledge cryptography is critical to building a world of fast, reliable, and interoperable blockchains, but what’s not yet as widely understood are the tremendous performance and safety advantages unlocked by defining zero-knowledge proofs – and blockchain infrastructure in general – using functional programming techniques. Kadena has long been a leader in this space, and we’re thrilled to be working together to achieve this shared vision of the functional future,” said Burnham. 

About Kadena 

Kadena offers the industry’s only Proof of Work Layer 1 blockchain that is infinitely scalable, secure, and decentralized. Its infrastructure-grade performance and impenetrable network empower users to develop high-value systems using Kadena’s security-focused smart contract language, Pact. Founded in 2017 by Stuart Popejoy and Will Martino, who previously created J.P. Morgan’s first blockchain and led the SEC’s Crypto Steering Committee, Kadena aims to drive widespread blockchain adoption by providing a Web3 platform for solving real-world problems for businesses. Explore more about Kadena at https://www.kadena.io.

About Lurk Lab

Lurk Lab builds tools that make provable computing fast, safe and easy. By combining zero-knowledge cryptography, formal verification and distributed consensus technologies, Lurk enables software to be as reliable and as powerful as mathematics without sacrificing performance.

Contact

Kadena PressKadenapress@kadena.io

The post Kadena Announces Partnership with Lurk Lab to Build ZK Bridge appeared first on Crypto News Land.

Bitfarms expands into Sharon, Pennsylvania, aiming for 648 MW capacity by 2025.

Riot Platforms acquires a 14% stake in Bitfarms, pushing for governance changes.

Bitfarms’ expansion aims for cost-effective power and operational growth.

Bitfarms, a prominent Bitcoin mining company, has unveiled plans for a significant expansion into the United States by establishing a new site in Sharon, Pennsylvania. This move comes alongside Riot Platforms’ recent acquisition of a 14% ownership stake in Bitfarms, marking a pivotal moment for both companies in the cryptocurrency mining sector.

#Bitfarms Enters into Agreement to Develop 120 MW in U.S.; Provides 2025 Guidance of Over 35 EH/s• First U.S. large scale site supports 8 EH/s in 2025 with deployment of 600 PH/s in 2024• Strategically located in PJM Interconnection market, providing access to low-cost,… pic.twitter.com/4JAbTVfJzl

— Bitfarms (@Bitfarms_io) June 13, 2024

Expansion and Strategic Value

Bitfarms has committed to developing up to 120 megawatts (MW) of power capacity at its new location within the Pennsylvania-New Jersey Maryland (PJM) Interconnection. The purpose of this drive is to take advantage of comparatively cheap electrical power tariffs in the area, improve productivity, and manage power costs. 

By 2025, the expansion is expected to support a capacity of 8 exahashes per second (EH/s), representing a substantial 170% increase in total power capacity to 648 MW.

Furthermore, Nicolas Bonta, the chairman and interim CEO of Bitfarms, said, “Executing on our strategy to cost-effectively expand our operating footprint in the U.S., we have entered into an agreement for flexible power trading within the PJM. […] This U.S. expansion not only strengthens our position in the industry but also enhances our geographical diversification.”

Riot Platforms’ Increased Stake and Future Plans

In parallel with Bitfarms’ expansion announcement, Riot Platforms has boosted its ownership stake to 14%, acquiring an additional 1,432,063 common shares of Bitfarms. This move underscores Riot’s confidence in Bitfarms’ growth prospects and its commitment to influencing the company’s governance.

Riot Platforms intends to leverage its increased stake by requisitioning a special shareholders’ meeting to nominate new independent directors to Bitfarms’ board. This strategic manoeuvre follows a recent recovery in Bitfarms’ share price, which had dipped amidst concerns over the company’s stability.

Riot Platforms, Inc. Reports Beneficial Ownership of 14% in Bitfarms Ltd.For more information, please visit: https://t.co/cBJ2HTqmvMFor disclaimers, please visit: https://t.co/koUzW1HLFa.

— Riot Platforms, Inc. (@RiotPlatforms) June 13, 2024

Implications and Market Response

The expansion into Sharon, Pennsylvania, positions Bitfarms in a deregulated state, facilitating participation in demand response programs and other regulatory advantages. Ben Gagnon, chief mining officer of Bitfarms, highlighted the potential for revenue diversification through participation in PJM’s demand response initiatives, which offer reliability services to the grid.

This expansion and Riot Platforms’ increased stake mark a pivotal phase for Bitfarms, as it aims to fortify its operational base and navigate the evolving landscape of cryptocurrency mining in North America.

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Boeing 747 Delivers Massive Bitcoin Mining Fleet to Riot Platforms, Unleashing Unprecedented Hashing Power

Riot Overtakes Marathon as Lead Bitcoin Miner by Market Cap

The post Bitfarms Eyes U.S. Expansion with New 120 MW Pennsylvania Site appeared first on Crypto News Land.

Tortola, BVI, June 14th, 2024, Chainwire

Stage, with it’s $STAGE token that is set to launch soon on the BNB Chain, launches a platform where music fans directly influence the rise of new stars and get rewarded for it. This platform combines talent, technology and tokens to create a dynamic music ecosystem.

Stage is where artists and fans alike actively participate in shaping the future of music. On Stage, artists upload their video performances and compete in exciting rounds to rise to stardom. Fans play a crucial role by voting for their favorite artists, potentially earning exclusive rewards, and engaging with unique Real World Asset (RWA) Badges. The innovative business model ensures that artists receive 60% of the proceeds from votes cast for them, alongside 10% royalties on RWA Badges. Fans, on the other hand, are rewarded with Stage Badges for their support, making every interaction on the platform mutually beneficial.

The mission at Stage is straightforward: to empower music fans and artists, ensuring that everyone gets a piece of the action. The vision is to build a thriving community where every interaction enriches both fans’ and artists’ journeys.

Backed by top-tier crypto entities such as the Solana Foundation and key industry figures, including the CEO of Kraken US, Stage has additional support from RR2 Capital, Moonrock Ventures, and Cogitent (among others).

The powerhouse team behind Stage includes André Cruz, CEO and Co-Founder, a musician and e-commerce expert with three successful exits; Geoffrey Doyen, CTO and Co-Founder, who brings extensive AI experience from working with Fortune 500 companies; and Francisco Quartin de Macedo, COO and Co-Founder, who previously led a trading desk at blockchain.com.

Stage has also attracted high-profile ambassadors, including celebrities with millions of followers who will help amplify the mission. Among them is Jerry Heil, who ranked Ukraine as Eurovision 3rd Place. Their influence helps Stage reach a global audience and attract top-tier talent to the platform.

By integrating Web 3.0 principles, Stage aims that both artists and fans are fairly compensated and deeply engaged. The platform’s unique approach includes:

Play-to-Earn Model: Gamify the user’s music experience and potentially earn as they participate.

Real World Assets (RWAs): Users can collect and trade digital badges linked to exclusive artist rewards.

AI Music First: Users can compete in AI music competitions and tokenize music samples, melodies, beats, and vocals.

The Token Generation Event (TGE) for $STAGE will be conducted through the reputable launchpads ChainGPT, Decubate and Eesee. This will aim to a broad and invested audience, to potentially maximize the impact and reach of the token launch.

Users can stay updated with Stage’s journey by following on Twitter and joining the Telegram community, to be the first to know about the latest updates and exclusive rewards.

Contact

CTO & Co-FounderGeoffrey DoyenStage Token Inc.info@stage.community

The post Stage Raises $2.4M to Revolutionize the Future of Music appeared first on Crypto News Land.

Chainlink (LINK) recently surged to $16.21 but faced volatility, currently hovering around $15.35.

Technical indicators like NVT and MVRV ratios suggest LINK is undervalued, and favorable for investors.

Historical data indicates LINK has the potential to rebound, with past rallies supporting a return to $17 or higher.

Chainlink (LINK) experienced an upward trend to $16.21 on Wednesday, June 12. Nonetheless, this upward movement was rather short-lived, whereby the price became volatile and eventually pulled back to be a bearish breakout. However, with these price fluctuations, there is still great interest in Chainlink’s token, where trading volume exceeds $367m within the last 24 hours.

At the time of writing the LINK price is approximately $15.35, therefore hereby revealing a weekly drop of 12.2%. These figures influenced the initial boost in the LINK prices by pointing to a lower Consumer Price Index (CPI).

This saw broader crypto market recovery and its components, such as LINK, get a boost. However, these gains were indeed temporary when BTC and other altcoins reduced the highs seen during the bull run. Despite this recent pullback, LINK has found the range and remains in a location where another impulse to the upside could be possible.

Technical analysis indicators like the Network Value to Transactions ratio and the Market Value to Realized Value ratio indicate that Chainlink could be trading at a discount which allows value investors to get into the coin at a good risk-to-reward ratio. The NVT ratio for any cryptocurrency is arrived at as the ratio of total market capitalization with the volume transacted in the network. A high NVT ratio usually indicates that market capitalization exceeds transaction volume, often indicating overvaluation.

A low NVT Ratio, such as LINK’s 93.04, implies that transaction volume exceeds market capitalization growth, implying that the network is undervalued and capable of handling a large number of transactions. The MVRV ratio compares a cryptocurrency’s market value to its realized value, utilizing profitability metrics to evaluate whether prices have achieved a local peak or bottom.

According to Santiment, Chainlink’s 30-day MVRV Ratio is -9.02%. This negative figure implies that selling at the current price would result in a loss for the majority of LINK investors, indicating a possible accumulation zone.

Historical evidence supports the notion that a price increase for LINK is possible. For example, between May 15 and May 28, the LINK price grew from $12.96 to $18.77, while the MVRV Ratio increased from -6.45%. Another substantial increase happened in April when the MVRV ratio was -21.37% and the LINK price increased from $13.08 to $15.62.

Given these past trends and LINK’s current indicators, a price comeback appears inevitable. If this trend continues, LINK might reach $17.70 within a week or two, and in a bullish market, it could even rise above $18.57.

Despite these positive expectations, traders should exercise caution. The liquidation heatmap, which predicts where large-scale liquidations may occur, displays the magnetic liquidity zone around $15.04. If LINK’s uptrend is rejected, the price may fall into this range, leading to massive losses for the bulls.

To limit potential losses, traders should establish a stop-loss objective above the likely liquidation price. Monitoring market dynamics and keeping up with crucial variables will be critical in managing LINK price swings in the coming days.

Read Also

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Prolonged Bitcoin Undervaluation: Is a Massive Bull Run on the Horizon?

Cardano May Double in Price Soon, Indicator Suggests

VET Charts Paint Extremely Bullish Signs, Golden Ratio Retested

Bitcoin’s Rally Propels Ethereum Near $3,000 as Investor Confidence Grows

The post Unlocking Chainlink’s Potential: Is $17 the Next Target for LINK Price? appeared first on Crypto News Land.

With the impending approval of Ethereum ETFs, the crypto market stands on the cusp of change. This regulatory development could deeply impact Shiba Inu and Furrever Token, opening up new paths for informed investors in these promising digital assets. Discover how to adjust to these changes and refine your investment approach to capitalize on emerging opportunities in this evolving environment.

Ethereum ETFs and Their Impact

Ethereum is making headlines with the potential approval of its ETFs by September. SEC Chair Gary Gensler’s hints at possible approvals have created significant buzz in the crypto community. This move could mark a pivotal shift for Ethereum, enhancing its market acceptance and institutional adoption. The approval of Ethereum ETFs would likely lead to increased liquidity and investor interest, setting the stage for substantial price movements and further solidifying Ethereum’s position in the market.

Solana’s Competitive Edge

Solana, often touted as a direct competitor to Ethereum, continues to make strides with its innovative blockchain technology. As of June 2024, Solana is trading around $148, showcasing a bullish reversal pattern known as the rounding bottom. This technical setup suggests renewed investor interest and the potential for a significant upward trend. Solana’s network, characterized by its Proof of History (PoH) and Tower BFT consensus mechanisms, offers unmatched transaction speeds and scalability, positioning it as a formidable rival to Ethereum.Solana’s technology suite, including Gulfstream and Sealevel, enhances its performance by enabling parallel transaction processing and reducing validation times. These innovations make Solana a preferred choice for many developers and projects, potentially challenging Ethereum’s dominance in the DeFi and NFT spaces.

Furrever Token: A Unique Investment Opportunity

Amidst the rivalry between Ethereum and Solana, Furrever Token (FURR) presents a refreshing and unique investment opportunity. Furrever Token aims to revolutionize the crypto space with its charming and community-driven approach centered around adorable cat-themed content.

Furrever Token has already raised over $1.3 million in its presale stages, demonstrating strong investor interest. Currently in stage 9 of its presale, the token offers up to 15X returns, with a current price of $0.000732. The anticipated launch on PancakeSwap promises increased liquidity and trading opportunities.

One of the standout features of Furrever Token is its innovative referral system. Investors can earn 10% in $FURR Tokens for every deposit made through their personal referral link. This system not only incentivizes existing investors but also encourages widespread adoption by rewarding community-driven growth. Creating a referral link is simple—investors just need to connect their wallet on the official website and start sharing their link to earn passive income.

Additionally, Furrever Token’s integration of cat-themed stickers, emojis, and visuals transforms everyday crypto interactions into delightful experiences. This focus on creating a warm and friendly community environment enhances user engagement and fosters a loyal investor base.

Conclusion

As Ethereum and Solana vie for blockchain supremacy, Furrever Token offers a unique and profitable alternative for investors. With its innovative features, strong community support, and high potential returns, Furrever Token stands out in the evolving crypto landscape. Investors looking to diversify and capitalize on emerging opportunities should consider the strategic advantages of each of these promising digital assets.Join Furrever Token Presale Now:Furrever Token Official Website  Visit Furrever Token Presale Join Official Telegram Group      Follow Official X Account

The post Ethereum vs. Solana: Which Blockchain Will Dominate? Furrever Token Offers a Fresh Twist appeared first on Crypto News Land.

The market is experiencing a surge, and the 2024 bull run is in full swing. Investors are buzzing with excitement, seeking the top opportunities to maximize gains. This moment presents unique prospects to capitalize on a thriving market. Discover the top choices that stand out and offer significant potential. These picks aim to provide the best chances for growth and profit during these dynamic times.

CYBRO Presale Runs Fast with 25M Tokens Already Sold Out

CYBRO is a one-of-a-kind marketplace that amplifies the native yield potential of the Blast blockchain. CYBRO offers early investors to enter the project on favorable terms by joining the CYBRO token presale.

At this stage, CYBRO tokens are available at discounts of over 2 times off their future market price, generating a generous ROI of 300%. The supply of the tokens is limited, and nearly 25M tokens have already been sold out. The earlier you buy, the bigger discount you get. Additionally, those investing a minimum of $1,000 in CYBRO during the presale will unlock weekly ETH rewards, available for withdrawal after the TGE.

Buy $CYBRO at the Best Price NOW to Secure 300% Profits

The CYBRO token will unlock cashback in CYBRO, discounted fees for trading and lending operations, staking rewards, an exclusive Airdrop, and the Insurance Program. This solid utility will set a strong base for CYBRO to rise in value post-TGE in Q3 2024.

With CYBRO, you can grow your crypto by investing in various vaults on Blast, the only Layer 2 blockchain to offer default yield for ETH and stablecoins staking. CYBRO’s ultimate goal is to provide users with the highest returns possible for each strategy, while ensuring a simple and transparent interface.

Secure Your Place in CYBRO at 58% Discount Today! Offer is Limited!

Notcoin Faces Mixed Sentiment Amid Recent Volatility

Notcoin has experienced notable fluctuations recently. The coin’s quick rise over the past month shows strong interest, but its recent decline sparks caution. While the short-term indicators suggest potential overselling, the longer-term averages appear stable. Resistance and support levels indicate possible turning points. This mixed sentiment may lead to cautious optimism among traders, keeping an eye on both resistance and support levels for future movements.

Market Sentiment Turns Cautious for Jito (JTO) Coin Amid Recent Declines

Jito coin is facing uncertain times with a recent slip in its price over the past week and month. While it sits just below key resistance marks, its current trajectory shows hesitation among traders. Yet, the coin’s price over several months reveals resilience. This cautious sentiment might deter immediate buy-ins, but long-term investors could see it as a signal to hold, relying on the coin’s demonstrated recovery potential in the past half-year.

Arbitrum (ARB) Faces Market Uncertainty Amid Volatile Price Movements

Recent data shows Arbitrum prices are fluctuating with unclear direction. With lower momentum and weakening support, the market sentiment leans negative. The coin has faced significant declines over different periods, suggesting investor caution. As a Layer 2 solution, Arbitrum’s utility may still drive interest. However, near-term challenges need addressing to regain confidence.

Mantle (MNT) Shows Mixed Trends with Mild Volatility

Mantle (MNT) has experienced a downward trend recently, but long-term performance remains strong. The price ranges between a cautious level and a higher threshold. The coin hovers above its nearest support and struggles to break its closest resistance. Short-term averages indicate regular price movement, while long-term sentiment stays optimistic. Market behavior suggests balanced momentum, showing neither extreme buying nor selling pressure. MNT’s mixed indicators hint at a steady market mood, projecting cautious optimism among traders.

Conclusion

With the current bull run already in progress, certain cryptos like NOT, JTO, ARB, and MNT may have limited short-term potential. The spotlight is on CYBRO, an innovative earn marketplace built on the Blast blockchain. Scheduled for its initial release in Q2 2024, CYBRO provides early investors with favorable entry terms through its token presale. This unique opportunity places CYBRO as a standout option amidst the ongoing market surge.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

The post Top Cryptos to Buy Now: Ride the Wave of the Upcoming Bull Run appeared first on Crypto News Land.

Rep. Thomas Massie reintroduces a bill to abolish the Federal Reserve, inspired by insights from a Bitcoin book, aiming to overhaul the US monetary system.

‘The Bitcoin Standard’ audiobook influences Massie to propose legislation that questions the current financial system and suggests Bitcoin’s superiority due to its limited supply.

Massie’s bill gains unexpected support, reflecting a decade-long shift in perspective towards the Federal Reserve and its monetary policies.

Representative Thomas Massie has once again presented a bill with the goal of eliminating the Federal Reserve, inspired by an influential Bitcoin book. Titled the “Federal Reserve Board Abolition Act,” this legislation represents the first effort in ten years to disband the country’s central bank.

JUST IN: US Congressman Thomas Massie says he decided to introduce a bill to end the Federal Reserve after reading The #Bitcoin Standard book pic.twitter.com/08T1d6VYwC

— Bitcoin Magazine (@BitcoinMagazine) June 13, 2024

Introduced in May, the bill is undergoing early stages of evaluation in the House. In a June 13 podcast with Tom Woods, Massie disclosed that the proposal has received more backing than he originally anticipated over the last decade.

The Bitcoin Standard

Massie credits his decision to reintroduce this contentious bill to his experience with Saifedean Ammous’ audiobook ‘The Bitcoin Standard’. He points out that the book’s initial chapters delve into the global monetary system and its mechanics.

He emphasized that the discussion on Bitcoin only begins after an extensive exploration of the concept of money, posing the fundamental question, “What is money?” According to Massie, Ammous establishes a foundational understanding of money before delving into Bitcoin, as one cannot presume universal financial literacy.

Published in 2018, ‘The Bitcoin Standard’ posits that Bitcoin’s inherent monetary qualities surpass those of traditional fiat currencies, especially due to its finite limit of 21 million coins. Ammous links several societal and economic problems, like dwindling household savings and surging asset values, to the US’s departure from the gold standard in 1971. 

This event is often viewed as the inception of the “fiat deception,” enabling central banks to create money without restraint. Massie’s legislation resonates with these points, asserting that the Federal Reserve’s actions favor the affluent at the expense of the savings of the elderly.

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