Arkham Intelligence, a well-known blockchain analytics provider, has disclosed a significant dip in the NFT purchases of Justin Bieber. As per the platform, the famous Canadian pop singer purchased above $2 million worth of NFTs back in 2022 but now their value has declined to just $100K. The analytics platform also revealed that the wallet of the Bieber on Arkham currently contains a very low value.

Justin Bieber NFT Purchases: Down 94.7%Did you know that Justin Bieber bought more than $2M of NFTs during 2022 – now worth barely over $100K.His wallet on Arkham now holds just under $500K in ETH and APE.Details below: pic.twitter.com/U6qH84C3OO

— Arkham (@ArkhamIntel) April 24, 2024

NFT Purchases of Justin Bieber See a Severe Plunge

Justin Bieber has gained a lot of popularity in recent years. The multi-genre performances of Bieber expanded his reputation among the public. Back in the year 2009, he became a teen idol in America with an extended play named “My World” (his debut). After that, he went on to get more success. In this respect, he has won a Latin Grammy Award.

The non-fungible tokens reportedly witnessed significant adoption in recent years. Bieber was among the celebrities who invested in this sector in the year 2022. Nonetheless, the NFTs in his possession lost most of their value over time. The analytics company provided the respective statistics on its official X account.

According to Arkham, the pop music icon’s wallet currently contains a very low value. There are APE and ETH tokens in it with a value of less than just $500K. The analytics forum added that Bieber’s wallet initially obtained *ETH* tokens of approximately $2.34 million worth. He reportedly purchased a couple of Mutant Apes and a couple of Bored Apes NFTs.

The Prominent Pop Singer Faces a Class-Action Lawsuit for Allegedly Promoting NFTs

The respective non-fungible tokens had a cumulative value of almost $1.86 million. A noteworthy thing is that Justin Bieber lies among the celebrities who face a class-action lawsuit. The investors who bought the digital assets of Yuga Labs have accused these celebrities of promoting the NFT Collection Bored Ape Yacht Club.

Portal, a next-generation gaming forum, has recently announced a development for the stakers. The platform has asserted that it has obtained access to the launch of an exclusive sale in partnership with Somo (a web3 platform that offers in-game transactions). The company disclosed that the stakers on Portal can utilize the Portal Launchpad to participate in the event.

Portal has secured access to the hottest launch of the year: $SOMO.In 24hrs, $PORTAL stakers will receive guaranteed access to the sale, as well as larger tickets. Only via https://t.co/ovaX7HJPgQ.This is a benefit exclusive to Portal stakers. How to access the sale: 1/7 pic.twitter.com/btQB163ZxH

— Portal (@Portalcoin) April 24, 2024

Portal Announces a Distinctive Token Sale in Partnership with Somo to Benefit Stakers

The platform provided the details of the respective endeavor on its official X account. It added that the users can also take part via the Community Sale of SOMO tokens. As per the company, the sale is going to take place in the next twenty-four hours. In addition to this, the firm also clarified that the sale will go on for up to twenty-four hours.

In this respect, the company has great enthusiasm. It anticipates huge participation and demand in advance. Hence, the platform is confident about the positive feedback from the users. Additionally, the platform has persuaded interested users to avail the opportunity and become participants for significant leverage.

Top-Tier Stakers Will Have Priority above Others in the Final Allocations

The consumers can stake the PORTAL tokens in their possession during this event. The PORTAL token’s staking provides XP to the stakers. The possession of more XP ensures an increase in the level of the participants. Those having 5k XP or above will be able to access the Launchpad Sale.

The platform will confirm the ultimate allocation decisions following the conclusion of the sale. In this, the company will prioritize the stakers with the highest level. Moreover, Portal added, that the company will validate the final allocations on the 29th of April in the evening. In the case of an increased demand, scaling back will take place. For that, the firm will also process refunds.

The world of Bitcoin underwent its periodic seismic shift with the latest halving event, an occurrence that cuts the reward for mining Bitcoin transactions in half. This significant change not only affects miners but also has broader implications for the Bitcoin market itself. 

One of the key metrics affected by this event is the Puell Multiple, which provides insights into the economic pressures that miners face and the overall supply dynamics of Bitcoin. As this metric dips post-halving, it reflects a decrease in the number of Bitcoins entering circulation each day.

This alteration in the daily Bitcoin issuance plays a pivotal role in shaping the market post-halving. Historically, the reduction in supply due to the halving has led to periods of price consolidation or decline as the market adjusts to the new supply rate. 

The Puell Multiple, which compares the daily issuance of Bitcoins to the yearly average, shifts accordingly. This shift can lead to decreased selling pressure from miners who now earn fewer bitcoins for the same amount of work, potentially buoying prices over the long term if demand remains constant or increases.

Mining Economics Post-Halving

The halving effectively transforms the economic landscape for Bitcoin miners. With the reward halved, miners are compelled to assess their operations’ sustainability, considering electricity costs, hardware efficiency, and the market value of Bitcoin. 

This recalibration can lead to a temporary drop in mining activity as less efficient miners exit the market, further reducing the immediate supply of new Bitcoins. Over time, this reduced flow of new coins into the market might contribute to upward pressure on Bitcoin prices, assuming demand remains robust or grows.

Moreover, the adjusted Puell Multiple post-halving serves as a bellwether for the mining community’s financial health. A lower multiple could signal that miners are facing profitability challenges, potentially leading to a contraction in mining activities. 

Conversely, a stabilizing or rising Puell Multiple might indicate that miners have adapted to the new rewards landscape, which could stabilize the network’s hash rate over time.

Long-Term Implications for Bitcoin’s Market Dynamics

The dynamics of Bitcoin’s supply and demand are intricately tied to these halving events. Each halving reduces the rate at which new coins are created, thereby diminishing the inflation rate of the Bitcoin supply. 

This deflationary mechanism is designed to mimic the extraction of a precious resource—diminishing yields that theoretically increase in value over time. Therefore, understanding the Puell Multiple’s movements can provide investors and analysts with insights into the phases of Bitcoin’s economic cycles post-halving.

Historical data suggests that the periods following a halving have often been followed by substantial bull markets. This pattern has fueled speculations and strategic investments across the Bitcoin ecosystem. However, the exact outcome following a halving can vary based on broader economic conditions, regulatory developments, and technological advancements within the blockchain spac

Bulls have an edge on the markets, as evidenced by the increase in global market cap. The total cap stood at $2.46T as of press time, representing a 0.9% increase over the last 24 hours, while the trading volume jumped by 9.8% within the same period to stand at $73.21B as of press time.

Bitcoin Price Review

Bitcoin (BTC) has failed to post gains despite the bullish trend, as evidenced by its price decline today. Looking at an in-depth analysis, we notice that the chart shows resistance near the recent highs and potential support at the lower Bollinger Band. The previous *BTC* price consolidation zone may act as a support level.

On the other hand, the Bollinger Bands indicate increasing volatility. The MACD below shows bearish momentum as the MACD line is below the signal line and both are descending. As of press time, the Bitcoin price stood at $64,841, representing a 3.03% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review

Ethereum (ETH) has also not managed gains in today’s session as it also records a drop in valuation. The *ETH* price is currently at a previous resistance level, which may now act as support. The Ichimoku Cloud is below the current price, which traditionally indicates bullish sentiment. However, the sharp pullback could indicate that sentiment is changing. 

Looking at other indicators, we notice that the Money Flow Index (MFI) is relatively high, suggesting that the market could be overbought. As of press time, the Ethereum price stood at $3,180, representing a 1.7% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView Hedera Price Review

Hedera (HBAR) is a gainer in today’s session as evidenced by its price movements. Looking at an in-depth analysis, we notice that previous lows on the chart could act as support levels if the price continues to fall. The Alligator indicator, consisting of three smoothed moving averages, is showing signs of convergence, which could indicate a potential end to the current trend or a period of consolidation. 

On the flip side, the Woodies CCI is near the zero line, indicating that the momentum is not strongly bullish or bearish at the moment. As of press time, the Hedera price stood at $0.1231, representing a 0.01% increase from its previous 24-hour price.

4-hour HBAR/USD Chart | Source: TradingView Bonk Price Review

Bonk (BONK) is also another gainer in today’s session having had a remarkable run. Looking at in-depth analysis, we notice that the Auto Pitchfork tool shows potential areas of support and resistance along the median lines, with Bonk price currently testing the upper boundary.

On the other hand, the Volume Oscillator shows a recent increase in volume on up moves, which could be a bullish sign. At the time of writing, the Bonk price stood at $0.00002572, representing a 13.3% increase from its previous 24-hour price.

4-hour BONK/USDT Chart | Source: TradingView Dogwifhat Price Review

Dogwifhat (WIF) is also among the top gainers today as evidenced by its price movements. Looking at the Williams alligator, we notice that it seems to be spreading apart. This typically suggests that the market is in a trending phase, with the green line (the lips) on top, followed by the red line (the teeth), and the blue line (the jaw) at the bottom, supporting the uptrend signal.

On the other hand, Woodie’s Commodity Channel Index (CCI) oscillates around the zero line. Still, it is currently below it, which could indicate a potential pullback or consolidation phase within the broader uptrend. At the time of writing, the Dogwifhat price stood at $3.28, representing a 6.09% increase from its previous 24-hour price.

4-hour WIF/USDT Chart | Source: TradingView

Galxe has taken a stride in its mission to democratize Web3 access with the unveiling of GAL Staking. This pivotal enhancement elevates the utility of the GAL ecosystem, empowering users with exclusive rewards and pivotal roles in governance decisions. As part of Galxe’s commitment to fostering a decentralized future, GAL Staking is a cornerstone that enables users to contribute meaningfully to the platform’s evolution.

Stake your claim in the Galxe ecosystem! GAL Staking is live, empowering users with token utility, governance, and exclusive rewards. ︎https://t.co/6I0Rhafviy

— Galxe (@Galxe) April 24, 2024

GAL Staking heralds a new era for users by introducing Galxe Earn and a sophisticated governance framework. Stakers of GAL tokens will now enjoy exclusive voting rights on key proposals and a chance to shape the platform’s strategic direction. Additionally, they stand to gain unique rewards through Galxe Earn, marking a notable expansion in user benefits.

To participate, users can navigate to the GAL Staking section on the Galxe website, where a user-friendly dashboard presents essential information, including total GAL staked and individual wallet statistics. The platform offers a seamless experience for users to stake or unstake GAL tokens, with intuitive tools for tracking and managing their staking activity.

Galxe Earn Airdrop Campaigns

Galxe Earn is redefining the approach to airdrop campaigns through a self-serve platform that allows projects to execute more targeted and intelligent distribution strategies. With a vibrant community of over 18 million active participants, Galxe Earn leverages the Galxe Quest platform to offer exclusive rewards such as whitelist spots and gated access to airdrops. The Genesis rewards pool includes significant contributions from partners like Arbitrum, Polyhedra, and Merlin, amounting to nearly $5 million in value.

The introduction of GAL Staking is accompanied by proposed enhancements to the Galxe governance model. The new framework shifts voting rights from general GAL token holders to GAL stakers exclusively, aiming to amplify the influence of active community members. This upgrade is part of Galxe’s broader strategy to ensure engaged users have a decisive voice in the platform’s future.

The Open Network (TON), a decentralized network of computers running an L1 blockchain with diverse components, has minimized network fees. As per the platform’s announcement, it has lowered the respective fees by up to 3x while responding to the recent growth that it has experienced. The company took to the social media platform X to reveal the news of the latest development.

TON Drops Network Fees by 3 Times to Rejoice the Latest Growth

The network mentioned that it is focusing on the improvement concerning its native crypto token TON. In this respect, the platform intends to enhance the coin’s accessibility and scalability. The relevant updates play the role of evidence regarding the continuous endeavors of TON to promote innovation. In addition to this, these things also encourage more activity within the ecosystem of TON.

In its post, TON disclosed that the company wants to make crypto accessible for everyone with its new developments. Moreover, the platform also discussed a few of the chief updates. It revealed that the network would offer a distinctive discount regarding Jetton-with-governance transfers such as USDt. According to it, the platform reduced the fees to 0.02 TON for the initial transfer. On the other hand, the respective figure was formerly standing at 0.032 TON.

Contrary to that, the following transfers presently stand at just 0.0145 TON. Apart from that, the validators have authorized the proposal that the TON Core Dev team made for an additional 3x discount on the transfer fees. In this case, the fee for the earliest Jetton-with-governance transfer is nearly $0.06 at the moment.

Platform Offers Exclusive Updates to Increase Affordability and Adoption

Additionally, the transfers coming after it stands at approximately $0.04. In this respect, the firm assumes 1 TON equal to $7. This is not all as the network has many other things lined up to facilitate the consumers. For that purpose, it has another development that deals with node updates. The main developer team of the platform will unveil the ability regarding the precompilation of smart contracts.

According to the respective update, the platform will target the most prominent smart contracts that are written in C++. Furthermore, the company will embed them straight in the node. All the above-mentioned updates denote the company’s efforts to enhance affordability for projects looking for mass adoption. TON asserted that the company will also launch further updates in the future.

In a significant expansion of its global footprint, Strike, the renowned bitcoin app, has officially launched its services across Europe. This strategic rollout introduces a suite of advanced features aimed at enhancing Bitcoin accessibility and utility for millions of Europeans. As the platform goes live, it promises a seamless integration of Bitcoin transactions with traditional banking through the Single Euro Payments Area (SEPA), aiming to bridge the gap between digital and fiat currencies.

The launch of Strike in Europe is not just about expanding a service; it’s about transforming financial interactions. Users in Europe can now sign up quickly, purchase Bitcoin without deposit fees, and engage in instant global transactions. This move is poised to simplify the Bitcoin purchase process and enhance the ease of global financial interactions, making it a significant step towards financial democratization.

Empowering Users with Advanced Features

Strike Europe offers a comprehensive array of functionalities that cater to both novice and seasoned *BTC* users. Key features include the ability to buy Bitcoin directly via SEPA transfers without any deposit limits and to sell Bitcoin with funds directly withdrawable to a user’s SEPA bank account. Moreover, the platform supports free on-chain withdrawals and payments via the Lightning Network, enhancing the speed and reducing the costs of transactions.

Furthermore, the app facilitates peer-to-peer (P2P) transfers across the globe using the Lightning Network, allowing users to send funds from their Euro balances instantly. Recipients in Strike-supported regions can receive these funds in various currencies like Euro, USD, or USDT, showcasing the app’s flexibility in catering to a global audience. This feature underscores Strike’s commitment to removing financial barriers and fostering an inclusive economic environment.

A Vision for Global Financial Integration

Jack Mallers, the founder and CEO of Strike, envisions Bitcoin as a cornerstone of financial innovation that transcends geographical and economic boundaries. With Europe being the third-largest economy worldwide, Mallers sees immense potential for Bitcoin adoption across the continent to address pervasive economic issues like inflation and financial exclusion. Strike’s launch in Europe is part of a broader vision to make financial services more inclusive and interconnected globally.

The expansion of Strike into Europe marks a pivotal moment for the company, which has already established a presence in nearly 100 countries, including significant markets in the U.S., Latin America, and Africa. By integrating Bitcoin more closely with conventional financial systems through innovative technology and strategic partnerships, Strike aims to enhance the utility and acceptance of Bitcoin worldwide.

MoonPay is excited to partner with Tonkeeper to facilitate the USDt launch on The Open Network (TON). This partnership will undoubtedly serve to promote the accessibility and utility of digital currencies for the TON community. Driven by the innovative features of the TON, Tonkeeper is a user-friendly self-custody wallet that enables fast and secure transactions implemented on Toncoin and any other cryptocurrencies and tokens.

MoonPay is supporting the launch of USDt on @ton_blockchain with @tonkeeper.Tonkeeper is the easiest self-custody wallet to pay Toncoin and other tokens.The Open Network is a global, decentralized blockchain community building the Web3 ecosystem in Telegram.Head to… pic.twitter.com/ZVqM9g21on

— MoonPay (@moonpay) April 24, 2024

Toncoin Users Gain Access to Tether Through Tonkeeper and MoonPay Collaboration

The recent support of MoonPay will allow Tonkeeper users to buy Tether directly via the wallet interface, providing an easily accessible means to acquire the stablecoin. The USDt launch on the TON is a positive development globally and especially in the dynamics for the increasingly popular Web3 ecosystem by Telegram.

As a reminder, TON, or The Open Network, is a decentralized blockchain community with a wide Telegram reach, including more than 900 million people worldwide. The partnership between TON and Tether will further enhance the accessibility of peer-to-peer payments and enable Telegram users to make payments across borders under an established partnership.

MoonPay, Tonkeeper, and USDt Integration Set to Transform Ton Ecosystem

This step boosts the status of TON’s efforts to democratize finance around the globe and to extend the usability of digital currencies beyond normal levels. The native token of the TON is Toncoin, primarily used in liquidity pools, harvests, trading, gaming, and NFTs.

The addition of USDt will grant Toncoin owners and Tonkeeper users access to more financial instruments, creating a more immersive experience with digital currencies. It is worth noting that the service is not available in the United States yet due to organizational issues. Nonetheless, the MoonPay, Tonkeeper and USDt integration will have a major impact on digital currency utilization in the TON ecosystem.

The USDt launch on the TON marks a major milestone in the development of DeFi on Telegram. It further proves that DApps developers and system creators will focus on scalability solutions. It will boost the usability of digital currencies by allowing users to interact with their assets with minimal effort. Considering these challenges, the partnership has the potential to support the financial infrastructure of the TON ecosystem and enable smooth transactions.

There has been great interest in a new crypto lending platform. The platform is on the course to become the best thing to happen to crypto trading. Its market overview indicates that there are limited spots, but it presents a huge return on investment for anyone looking to invest. A few tokens have seen a minor boost in the past week and market observers hope that continues.

Kelexo (KLXO) has been a market catch since the token launched in its presale. There is so much trading in the crypto market. Dogecoin (DOGE) holders, the market meme coin, seem to be the latest to take a chance on Kelexo (KLXO). 

Due to its future as a market gem, there is so much to benefit from Kelexo (KLXO). The bull cycle has approached and market traders are grabbing Kelexo (KLXO) at $0.05, a low market price with so much potential.

Dogecoin (DOGE), the great crypto meme coin

Despite being a meme coin, Dogecoin (DOGE) has been adopted by many market traders and it has won the market gains war. As many tokens are gaining, Dogecoin (DOGE) is also gaining. Unlike many other tokens, Dogecoin (DOGE) is very affordable regardless of traders’ buying power. It offers users a chance to be crypto investors. There are so many assets provided for investing in Dogecoin (DOGE). Now, token holders are seeing a gem in the new Kelexo (KLXO) investment.

There are Dogecoin (DOGE) whales who benefited a lot when the token showed to be a great market holding. Though still a great holding, it is not as much as when it had Elon’s backing. Dogecoin (DOGE) has shown it could survive regardless of Elon. The crypto community is aware of market benefits, as seen from Dogecoin (DOGE). Kelexo (KLXO) adoption means anticipation for the great incoming future as the market outlook changes based on market activities.

Kelexo (KLXO) interest sky-rockets in market trading

Market statistics indicate that Kelexo (KLXO) could skyrocket as high as ever in the next six years. It’s expected to reach as high as a trillion dollars. In the presale, the token has witnessed high growth and has become a great sought-after token. It will become a decentralized web3 for lending and borrowing. On its goal, its user-centric nature will allow it to be an ecosystem where users can easily interact without market hindrances.

In 2024, there is a heavy need for easier lending, especially in the face of capitalism. Kelexo (KLXO) brings market transformation and will remove traditional barriers. There won’t be a need for credit and document checks alongside compliance procedures. When the platform eliminates all these unnecessary market barriers, trading will be easier. It will create a transparent and honest ecosystem for fast and secure transactions.

The token’s current market price is as attractive as ever. It’s an opportunity for them to grab the market token and win big in the long run. Investors who are seeking a low-risk, high-reward opportunity can grab the opportunity as it’s available in Kelexo (KLXO). Market pundits also believe it has the chance to become a blue-chip crypto. This means those who invested early will benefit the most.

Discover more about the Kelexo (KLXO) presale by checking out the website here.

With its sights set on crypto market leadership, Fezoo Exchange is drawing significant support from the Stellar and Chainlink communities. These investors are particularly excited by Fezoo’s innovative approach to blockchain technology and its promise of lower fees and enhanced liquidity. As Fezoo ramps up its operations, the buzz within these communities suggests a growing belief that Fezoo could indeed surpass giants like Binance in influence and popularity.

Stellar Supporters Focus on Global Finance

Stellar launched in 2014 with a mission: streamline international payments. Unlike Ripple, its competitor targeting big banks, Stellar focuses on everyone — individuals and institutions alike. Their goal? Make financial services cheaper and more accessible worldwide.

Stellar utilizes a special system called the Federated Byzantine Agreement which makes it unique. This system cuts out the middleman and speeds up transactions, making them cheaper than traditional bank transfers.

Right now, Lumens trades around $0.1197. It’s a bumpy ride, though, with XLM reaching a peak of $0.94 in the past. That’s a whopping 87% difference! This volatility is typical for cryptocurrencies, but Stellar’s focus on speed and affordability makes it a contender for the future of international money transfers.

Chainlink Users Value Data Integrity

Chainlink tackles a key hurdle in the world of smart contracts: real-world data. Built on Ethereum, it acts as a bridge, securely connecting blockchains to external data feeds, events, and payment methods. This critical off-chain information breathes life into complex smart contracts, potentially making them the go-to for digital agreements.

Chainlink token currently sits around $15.40, with some fluctuation across exchanges. Over the past week, the price has climbed 13.6%, a positive sign. However, it’s down significantly from its May 2021 peak of $52.89, mirroring broader market trends.

What sets Chainlink apart? It delivers reliable, tamper-proof data for smart contracts across any blockchain. This is crucial for ensuring contracts execute correctly based on external conditions. Version 2.0 is expected to introduce staking, further pushing the security and sustainability of Chainlink’s oracle services.

Chainlink users seek out exchanges that utilize oracles and other data verification tools to enhance trading accuracy. Fezoo’s commitment to robust, data-driven trading solutions appeals to the Chainlink community.

Fezoo Sets Sights on Binance

With the backing of the Stellar and Chainlink communities, Fezoo is targeting crypto market domination. The exchange is poised to eclipse Binance by leveraging community support and integrating advanced technologies that ensure a superior trading experience. This strategic positioning highlights Fezoo’s potential to become a leading player in the crypto exchange market.

At a presale price of $0.013, Fezoo breathes new life into the crypto trading scene. This platform stands out by stripping back unnecessary complexities and focusing on what matters: fast, secure trading with minimal fees. Experts predict a potential explosion, with some estimating a staggering 37X growth by next year. It’s a breath of fresh air for anyone looking to step away from the constraints of traditional crypto exchanges.

Find out more about the Fezoo presale by visiting the website here. 

Tevaera has successfully concluded a $5 million investment round orchestrated by Laser Digital, a branch of Nomura Group. This capital infusion, supported by a coalition of leading investors, is set to fuel the company’s endeavor to establish a comprehensive gaming ecosystem leveraging the zkSync ZK Stack.

Nearly two years of intensive development on zkSync culminated with this financing, positioning Tevaera as a frontrunner in adopting a game-IP-first strategy. This approach tackles existing obstacles within the web3 gaming infrastructure, aiming to streamline and enhance user experience.

1/ Tevaera is pleased to announce a $5M fundraise led by Laser Digital, Nomura Group, with participation from industry leaders, to create a one-stop gaming ecosystem powered by @zksync's ZK Stack!Read more: https://t.co/dljYLGutzV pic.twitter.com/vF0SUZlrXF

— Tevaera (@tevaera) April 24, 2024

The past year has seen Tevaera significantly widen its community reach, engaging over 850,000 Soulbound Gamers from more than 100 nations. This expansion is centered around Teva Run, a multiplayer game that integrates with Guardian NFTs and the Teva Market, an all-encompassing gaming marketplace.

Technological Advancements

In conjunction with announcing the funding, Tevaera unveiled a revamped website. This digital platform is designed as a hub for both gamers and developers to explore and harness the extensive capabilities of the Tevaera gaming ecosystem. Anticipation is building as Tevaera prepares to launch two innovative games and the inaugural decentralized L3 gaming chain on zkSync, setting the stage for unrestricted web3 gaming.

With the staunch support of its community, the Tevans, Tevaera aims to grow and pioneer advancements in the Web3 gaming domain.

SEDA, the groundbreaking modular data layer designed for all blockchains, has officially launched its mainnet genesis event. This launch signifies a monumental shift in the Web3 landscape, introducing a new standard for data access, transport, and configuration across all blockchain networks.

Traditional data infrastructure designs, such as oracles, have struggled to scale and meet the demands of the rapidly evolving Web3 ecosystem. These designs often require native deployment to each new network for every new feed created, leading to integration backlogs that can last up to nine months. This bottleneck has stifled innovation, created technical fragmentation, and presented significant challenges for developers.

SEDA’s modular data layer addresses these challenges head-on by offering seamless integrations on a 100% permissionless basis. This innovative approach enables developers to access any data type from any chain at any time, eliminating the need for native deployments and unlocking unprecedented flexibility.

A New Era of Developer Flexibility

The launch of SEDA’s mainnet marks the beginning of a new standard for developer flexibility in the Web3 space. With its modular and chain-agnostic design, SEDA aims to provide complete developer flexibility through chain-agnostic integrations and programmable data feeds. This “permissionless optionality” aligns perfectly with Web3’s ethos, empowering builders to create without limitations.

Jasper, CTO & Co-Founder at SEDA, commented, “Permissionless development is the cornerstone of Web3, and we are excited to launch a new  permissionless standard for data access that allows developers to leverage SEDA to build what they  want, anywhere.”

One of the significant challenges facing oracles and bridges is the need for developer traction to justify their cost and resource-heavy deployments. Conversely, developers require access to data to create traction, creating a classic chicken-and-egg problem. SEDA’s data layer addresses this challenge by natively serving over 230 blockchains, enabling builders to connect permissionlessly via a single contract from any network with same-day data access.

Feature-Heavy Rollout Ahead

The mainnet launch is just the beginning for SEDA, as the project plans to roll out a host of new features in the coming months. This includes the deployment of SEDA’s solvers, an overlay network offering one-click node spinups for the community and bespoke mechanics for network OEV capture and value redeployment back into the hands of network participants.

SEDA has already garnered significant support from leading venture capitalists, raising over $22 million from investors such as Coinbase, Reciprocal Ventures, Distributed Global, Coinfund, and Hack VC. In addition, the mainnet has been audited by the leading security firm Trail of Bits and boasts a theoretical limit of 10,000 transactions per second. The mainnet will be launched by 20 of the top industry-leading professional validators at Genesis.

Overall, SEDA sets a new standard in modular data transport, access, and configuration, offering unparalleled flexibility for networks to query any data type at any time. With native support for over 230 blockchains, SEDA equips developers with permissionless options for querying and configuring data to meet any developer need.

As SEDA continues to innovate and expand its offerings, it is poised to play a pivotal role in shaping the future of Web3 data infrastructure, driving forward the decentralized revolution, and empowering developers to build the next generation of blockchain applications.

As the crypto market is taking a rapid turn, showing bullish signals, tokens of the best crypto exchanges are expected to skyrocket due to increasing activity. Binance, DTX Exchange, and Uniswap prices are expected to surge as all three compete to become the leading figures in the crypto sector. 

Uniswap price surges amid on-chain activity increases

Uniswap has long stood as the best crypto exchange in decentralized finance. After a recent dip in Uniswap price, the token is again setting the stage for a bull run as whales are observed accumulating the token. As the DEX market continues to recover, Uniswap has also witnessed a rapid surge in its volume. 

Uniswap price has witnessed bearish trends in the past few days due to its legal clash with the United States Securities and Exchange Commission (SEC). The project aims to take a solid stance against the allegations with leading industry figures voicing solidarity and support for Uniswap. 

Uniswap’s price shows a positive trajectory with a 4% surge on the intraday chart and a 7% rise on the weekly timeframe. As the trading volume surges for the token, Uniswap’s price can show a bullish trajectory in the upcoming days surging past the critical resistance levels to $10. 

BNB price gains momentum as Binance expands globally

Binance holds the top position in the best crypto exchanges so far. The project is again setting the stage to maintain its dominancy as it returns to India after a four-month ban. The exchange has also obtained the virtual asset service provider (VASP) license from Dubai’s regulatory authority, poised to play a crucial role in Dubai’s plans for economic diversification. 

Moreover, the Binance exchange aims to provide users with new opportunities in future trading through the Taker Program. Eligible users will enjoy a taker fee discount of up to 20% and a promotional taker fee rate of 0.0136% on eligible USDT-margined perpetual and delivery contracts.

Binance’s native token, BNB is showing a bullish trajectory in the recent market upheaval. 

The token is up by 6% on the weekly chart, closing to retest the $600 resistance level again. Analysts believe that BNB can soon hit the $700 milestone, making a new all-time high as the Binance activity surges globally amid increasing demand. 

DTX Exchange poised to become the best crypto exchange after $325,000 presale

DTX Exchange (DTX) emerges at the forefront of the deFi sector, poised to become the next best crypto exchange. The project appeals to many investors globally due to its cutting-edge platform and 1000x leverage features, empowering traders to capitalize on investments in diverse financial markets. 

The project significantly enhances the trading experience, allowing traders to trade in 120k digital assets including forex, cryptos, stocks, and equities. Furthermore, DTX Exchange’s robust security features integrate non-custodial wallets and no-KYC requirements to make trading accessible for new traders, enabling them to access their digital assets without intermediaries.  

DTX’s potential for a 25x ROI is supported by its ground-breaking $325,000 presale in stage 1. With over 80% of tokens sold to unique holders, the token is priced at $0.02 which is expected to moonshot beyond $2 once the project goes live. This trajectory signifies the increasing investor interest in taking early positions in the project

Learn more: 

Visit DTX Presale

Read Whitepaper

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The crypto market continues to buzz with activity and price movements. Amid all these, investors are in search of promising opportunities to generate massive returns on their investments. While both Chainlink and Algorand fluctuate in their prices, Pushd emerges as an e-commerce platform poised to revolutionize buying and selling using blockchain technology.

As the Pushd e-commerce platform readies itself for explosive growth, rivaling Amazon with presale support from Chainlink and Algorand investors, some analysts predict that those who get in early may reap exponential returns in the coming months. Hence, a lot of crypto enthusiasts are rushing to secure their slots in the Pushd presale.

Chainlink Price Analysis

Chainlink’s price has recently surged higher, surpassing even the positive trend of Bitcoin after its halving event. Chainlink has surged by 20% as a result of this move, breaking over the important resistance level of $15, firmly putting itself above important moving averages, and indicating a bullish trend. Even with this increasing pace, there has been a decrease of more than 16% in the last 30 days due to a notable dispersal from the peak of $20. 

Nevertheless, Chainlink has shown several rising candlesticks this week amid this instability, suggesting a possible reversal in its trend. Chainlink’s price, at $15.35, seems to be stuck in between a range on the charts. The profitable supply of Chainlink has notably increased by 13% over the last two days, reaching 84% at the time of writing, which has complicated the altcoin’s market dynamics. Analysts are neutral and expect Chainlink to continue to face selling pressure.

Analyzing Algorand’s Price Trend

The Algorand price forecast indicates a bearish trend in the cryptocurrency price, with a breach below the important exponential moving averages. Algorand’s price jumped from $0.1066 in October 2023 to $0.3299 on March 24, 2024, but it has subsequently fallen below important moving averages and has been unable to break through higher levels. The price of Algorand has been fluctuating in a sideways manner during the last several days. 

It has been finding it difficult to sustain increases, and at the moment, it is trending lower. Algorand has dropped by more than 19% over the last 30 days, underscoring the recent sessions’ pessimistic attitude. The RSI curve is currently close to 35, which is regarded as an oversold area with a pessimistic view, suggesting that Algorand is bearish.

Pushd E-Commerce Readies for Explosive Growth

Pushd stands poised to transform the e-commerce sector by tackling the common frustrations sellers and buyers encounter on prominent platforms such as eBay and Amazon. Buyers often contend with protracted KYC procedures and payment delays, with platforms like PayPal withholding funds for as long as 90 days. However, Pushd streamlines this process by dispensing with the need for user identification and promptly releasing funds.

Presently, in Stage 6 of its presale, Pushd tokens are available at $0.144 each. Also, early investors in the presale are incentivized through a revenue-sharing mechanism, entitling them to a share of platform fees for the duration of their token ownership. With a successful audit under its belt, team tokens locked for 700 days and liquidity secured for 20 years, Pushd underscores its unwavering commitment to both sustainability and security.   Find out more about the Pushd presale by visiting the website here

In a recent announcement on social media platform X (formerly Twitter), Biconomy revealed its excitement about partnering with GetReach, an innovative protocol based on Base. This collaboration is set to revolutionize the way social media users engage with and amplify their content, making use of token incentive models.

Biconomy, represented by its Ethereum-based token BICO, is a cutting-edge protocol designed to bridge the gap between users and decentralized applications (dApps) across various blockchains. The protocol is renowned for its ability to provide users with seamless connectivity to dApps while keeping transaction fees relatively low. Moreover, BICO serves multiple purposes within the ecosystem, from covering network fees to participating in voting processes for protocol upgrades.

GetReach, on the other hand, stands out as a unique platform within the social media realm. It employs token incentive models to encourage quality contributions to social media posts, aiming to elevate the standard of content shared across various platforms. The protocol’s innovative approach not only promotes high-quality content but also democratizes the amplification of posts through Account Abstraction.

The integration of Account Abstraction by GetReach allows even casual or “normie” social media accounts to effortlessly enhance the reach and impact of their posts. This feature is expected to be a game-changer, enabling a broader range of users to benefit from the advantages offered by token incentives without requiring extensive technical knowledge or expertise.

Democratizing Social Media Amplification

The partnership between Biconomy and GetReach signifies a strategic alignment between two forward-thinking entities in the blockchain and social media sectors. By leveraging the capabilities of BICO and the unique token incentive models of GetReach, the collaboration aims to create a synergistic environment where social media engagement is not only incentivized but also accessible to a wider audience.

Commenting on the partnership, Biconomy tweeted, “Thrilled to onboard GetReach. GetReach is an innovative protocol on Base that leverages token incentive models to bring quality contribution to social media posts. Thanks to Account Abstraction, even normie social accounts can easily amplify their posts with GetReach.”

This announcement has generated considerable excitement within the cryptocurrency and social media communities, with many anticipating the positive impact that this collaboration will have on enhancing the quality and reach of content across various platforms.

As the digital landscape continues to evolve, partnerships like this one between Biconomy and GetReach highlight the growing potential of blockchain technology and token incentive models in reshaping the future of social media engagement. With both companies committed to innovation and user-centric solutions, the collaboration promises to deliver exciting developments that could redefine the way we interact with content on social media platforms.

Gibraltar, Gibraltar, April 24th, 2024, Chainwire

In a move that underscores its evolution and reiterates a commitment to powering the future of Web3, Syntropy has today announced that it is rebranding to Synternet. 

The change will be reflected not only in a visual transformation, with a refreshed logo, color palette, and website design, but also through deeper alignment with the advanced technology developments happening behind the scenes.

By aligning the platform’s outward identity with its technological advancements and strategic vision, Synternet positions itself as a bonafide Layer-1 blockchain that powers data infrastructure vital for a unified, composable Web3 landscape. 

“Synternet isn’t just a rebrand; it’s a declaration of our bold vision for the future of blockchain,” said Daniel Haudenschild, CEO of Synternet. “By providing the data infrastructure for Web3, we’re laying the foundation for a more open, interoperable, and innovative decentralized web.”

CTO Jonas Simanavicius echoed these comments, adding: “Our engineering team has been heads down building the technology to make the Synternet vision a reality. We couldn’t be more excited to invite the world to build and scale their dApps on our network in the coming months.”

Importantly, the transition from Syntropy to Synternet will not affect the $NOIA token held by users, which remain operational on the Ethereum network without requiring any action from token holders for now.

Following the rebrand, Synternet promises several key developments in the months ahead, which form part of the Monaco phase of its 2024 Q2 roadmap. These include:

The launch of the Synternet Blockchain on mainnet, establishing a robust infrastructure for real-time, cross-chain data streams.

The introduction of a fully operational token bridge between Ethereum and Cosmos, facilitating seamless value transfers.

Significant enhancements to improve the publisher and developer experience, simplifying participation and innovation on the network.

Syntropy was initially founded to transform how data moved across the internet by utilizing blockchain technology. As the Web3 ecosystem evolved, the need for interconnected blockchains gradually became apparent. Synternet is the culmination of this evolution, and with the arrival of mainnet, its transformation into a powerful Layer-1 project that links isolated chains into a synchronized, interoperable network that powers the data economy is complete.

To this point, the Web3 Data Layer has built a talented team of 50+ Web3 professionals while its community has grown to almost 100,000 members across various social media platforms. Over 16,500 token-holders also support its vision and leading blockchain-focused VCs have pledged $10 million in funding.

About Synternet:

Synternet is a blockchain that powers modular, interoperable data infrastructure across all major chains. At its core lies the Data Layer, a protocol serving as the customizable execution layer between blockchains. Its AEAs (Autonomous Economic Agents) empower developers to build composable, use-case-specific applications that can execute on any data from any chain. Synternet has secured the backing of prominent Web3 investors, including Polygon Ventures, CMCC, Faculty Group, Moonrock Capital, HV Capital, and many others.

To learn more about Synternet: website | Twitter | Docs 

Contact

Marketing ManagerEmilis Klybasemilis@syntropynet.com

In a significant move to bolster its ecosystem, Ondo Finance has announced a strategic collaboration with Finoa, a recognized European institution specializing in crypto asset management. This partnership marks a pivotal development for Ondo Finance, integrating its $OUSG token into Finoa’s advanced custody solutions. The integration aims to enhance the security and accessibility of $OUSG for institutional investors, reflecting both companies’ commitment to expanding secure investment opportunities in the burgeoning field of digital assets.

Ondo Finance, known for its innovative approach in the decentralized finance (DeFi) sector, continues to expand its influence and capabilities through strategic partnerships. The collaboration with Finoa is particularly notable due to Finoa’s strong reputation and regulatory compliance within the European financial ecosystem. Finoa, established in 2018, is a qualified custodian that offers an array of services tailored to institutional clients, including custody, brokerage, staking, and decentralized application (dApp) interactions.

Strengthening Crypto Custody and Security

Finoa has established itself as a leading custodian in Europe, holding three licenses from the German Financial Supervisory Authority (BaFin), which cover crypto custody, brokerage, and proprietary trading. This regulatory backing ensures that Finoa adheres to stringent security and operational standards, providing a safe harbor for institutional investments into cryptocurrencies and digital assets. The incorporation of Ondo’s $OUSG into Finoa’s custody solution promises to bring increased security and operational efficiency to token holders.

Justin Schmidt, President of Ondo Finance, highlighted the significance of this partnership, noting that Finoa’s role as a custodian will enhance the support structure around OUSG. This collaboration is not just a technical integration but a strategic alignment that aims to expand the utility and appeal of $OUSG to a broader range of qualified investors globally.

Broadening Institutional Access and Utility

Henrik Gebbing, Co-Founder & Co-CEO of Finoa, expressed enthusiasm about the integration, emphasizing OUSG’s growing popularity among qualified purchasers worldwide. The integration with Finoa’s custody solution enables institutional investors to securely hold and utilize the yield-bearing token, potentially transforming how these entities interact with tokenized assets. This move is expected to attract more institutional players to the Ondo ecosystem, leveraging Finoa’s robust infrastructure and Ondo’s innovative financial products.

The partnership between Ondo Finance and Finoa represents a broader trend of increasing institutional involvement in the cryptocurrency space. As digital assets become more integrated into traditional financial systems, the demand for regulated, secure, and versatile investment services is expected to rise. This collaboration not only meets these emerging needs but also sets a precedent for future partnerships between DeFi platforms and traditional financial institutions.

Vitalik Buterin, Ethereum’s co-founder, expresses concern in a recent warpcast about the misappropriation of the term “ZK” for use in the name ZKasino. He restated that there is a genuine real-world application that exists for the term for zksync. However, many short-of-cash scammers abuse technical buzzwords pretend a clear understanding and mimic, ultimately creating challenges of trust in the space of cryptocurrency. Ethereum co-founder further emphasized that zero-knowledge does not mean they need to know zero about the project.

Cryptocurrency Community Concerned Over ZKasino Withdrawal Issues and Uncertainty

Recently, these concerns have mounted within the cryptocurrency community following difficulties with withdrawal and uncertainty regarding the platform. First, the official Telegram channel was banished, and administrator silence raised concerns among users. While, the second was the amount of assets held in outside-wallets creating an alarm for the reported $32 million held in the deposit wallet.

Moreover, allegations from an article published by ZigZag media added fuel to the fire, implying ZKasino’s admins were frauds. These actions prove how vulnerable users are when it comes to the business, and full transparency and accountability of platform administrators must be a must.

Vitalik Buterin Exposes Illegitimate Use of Technical Jargon in Cryptocurrency Projects

In addition, the challenge from MEXC Exchange, which refused to list ZKasino’s native token ZKAS due to uncertain and ambiguous interactions with the platform, raised even more doubts. At the same time, issues related to Ethereum deposits also increases the level of uncertainty for the platform’s credibility and integrity.

Ultimately, Vitalik Buterin’s comments have exposed the illegitimate use of technical jargon in cryptocurrency projects such as ZKasino. Increased scrutiny and openness in the sector are needed in order to prevent more of such cases. The unforeseen circumstances with ZKasino, including user fund access issues and fraud accusations, simultaneously illustrate the paramount role of platform responsibility and user protection.

In a recent announcement, the BNB Foundation confirmed the successful execution of its 27th quarterly *BNB* token obliteration. This latest event saw a substantial number of BNB tokens removed from circulation, precisely 1,944,452.51 BNB, with an estimated market value of approximately $1.17 billion at the time of the burn.

The 27th quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC) during the ongoing BNB Chain Fusion.1.94M #BNB has been burned View burn details https://t.co/N2pp3Lu5Sf pic.twitter.com/S9Jrm5eUdL

— BNB Chain (@BNBCHAIN) April 24, 2024

The burn was conducted under the auto-burn mechanism, ensuring a transparent and independent process free from the influence of the centralized exchange of Binance. This quarter’s event notably occurred on the BNB Smart Chain (BSC) as part of the ongoing BNB Chain Fusion initiative. The removed tokens were transferred to a “blackhole” address, permanently removing them from availability. This quarter, no BNB tokens were burned under the Pioneer Burn Program, which aims to eliminate tokens equivalent to verifiably lost funds from eligible BNB Chain users.

BNB, the principal cryptocurrency powering the BNB Chain ecosystem, is central to the operations on the BNB Smart Chain, the opBNB L2s, and the BNB Greenfield blockchain. The token also plays a crucial role in governance and facilitating transactions within projects developed on these platforms.

Long-Term Supply Strategy

Since its inception in 2017, BNB’s creators have committed to halving its total supply to 100 million BNB through a systematic burning strategy. This commitment is realized through the Auto-Burn formula, which calculates the amount to be destroyed each quarter.

In addition to the Auto-Burn, BNB Chain diminishes its supply by burning a portion of the gas fees accrued, a process conducted in real time via the Real-Time-Burn mechanism. Since the introduction of BEP95, approximately 210K BNB has been incinerated under this newer method.