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Venom Token Surges 30% Amid Mainnet Launch and Exchange ListingThe Venom token, the native cryptocurrency of the Venom Foundation‘s decentralized network, has experienced a 30% surge in its price over the past 24 hours. As of the latest reports, the token is trading at $0.7311, with a trading volume of $60.3 million. VENOM 24-hour price chart | Source: CoinMarketCap The recent uplift in VENOM’s market value is linked directly to the launch of its mainnet on March 28, alongside a VENOM token airdrop event. Venom operates as a Layer-1 blockchain originating from the Abu Dhabi Global Market (ADGM), distinguished by its Layer-0 asynchronous blockchain technology. This includes a unique mesh network architecture designed for scalability and efficiency, aiming to facilitate blockchain adoption across various sectors. They include government initiatives for stablecoins, Central Bank Digital Currencies (CBDCs), real-world assets (like carbon credits), and applications in payments and trade finance. The Venom ecosystem is currently bustling with activity, hosting approximately 150 projects under development and 25 decentralized applications (dApps) on its Testnet. You might also like: AI tokens FET, AGIX, and OCEAN surge amid merger deal into ASI token The blockchain’s adoption is supported by its mesh network technology, which promotes secure interchain communication. It facilitates the seamless integration and deployment of blockchains by sovereign nations and institutions, aiming to achieve mass adoption through secure and decentralized networks. Additionally, the price surge coincides with the recent listing of the VENOM token on the Seychelles-based KuCoin exchange’s spot trading platform. To celebrate the listing, the Venom Foundation has announced an airdrop of 800 VENOM tokens to 500 selected addresses from KuCoin wallets. $VENOM WILL BE LISTED KUCOIN🔔Venom Blockchain will be available on #KuCoin!➡️Register & KYC: https://t.co/OpL7uA1JL7…500 address from #Kucoin Wallet 800 #Venom coin each! Follow @VenomPress, Like, RT & drop your Venom wallet address👇#VenomAirdrop $VENOM #VenomLaunch pic.twitter.com/2egWvIlV9U — Venom Gems (@Venom_Gems) March 28, 2024 The development follows a previous announcement from the global cryptocurrency exchange OKX, which listed VENOM on its futures trading platform on March 26, emphasizing the expanding market presence of the token. Read more: OKX’s API experiences technical glitches, display errors

Venom Token Surges 30% Amid Mainnet Launch and Exchange Listing

The Venom token, the native cryptocurrency of the Venom Foundation‘s decentralized network, has experienced a 30% surge in its price over the past 24 hours.

As of the latest reports, the token is trading at $0.7311, with a trading volume of $60.3 million.

VENOM 24-hour price chart | Source: CoinMarketCap

The recent uplift in VENOM’s market value is linked directly to the launch of its mainnet on March 28, alongside a VENOM token airdrop event.

Venom operates as a Layer-1 blockchain originating from the Abu Dhabi Global Market (ADGM), distinguished by its Layer-0 asynchronous blockchain technology.

This includes a unique mesh network architecture designed for scalability and efficiency, aiming to facilitate blockchain adoption across various sectors. They include government initiatives for stablecoins, Central Bank Digital Currencies (CBDCs), real-world assets (like carbon credits), and applications in payments and trade finance.

The Venom ecosystem is currently bustling with activity, hosting approximately 150 projects under development and 25 decentralized applications (dApps) on its Testnet.

You might also like: AI tokens FET, AGIX, and OCEAN surge amid merger deal into ASI token

The blockchain’s adoption is supported by its mesh network technology, which promotes secure interchain communication. It facilitates the seamless integration and deployment of blockchains by sovereign nations and institutions, aiming to achieve mass adoption through secure and decentralized networks.

Additionally, the price surge coincides with the recent listing of the VENOM token on the Seychelles-based KuCoin exchange’s spot trading platform.

To celebrate the listing, the Venom Foundation has announced an airdrop of 800 VENOM tokens to 500 selected addresses from KuCoin wallets.

$VENOM WILL BE LISTED KUCOIN🔔Venom Blockchain will be available on #KuCoin!➡️Register & KYC: https://t.co/OpL7uA1JL7…500 address from #Kucoin Wallet 800 #Venom coin each! Follow @VenomPress, Like, RT & drop your Venom wallet address👇#VenomAirdrop $VENOM #VenomLaunch pic.twitter.com/2egWvIlV9U

— Venom Gems (@Venom_Gems) March 28, 2024

The development follows a previous announcement from the global cryptocurrency exchange OKX, which listed VENOM on its futures trading platform on March 26, emphasizing the expanding market presence of the token.

Read more: OKX’s API experiences technical glitches, display errors
Solana SHORT Traders Face $143 Million Losses If This HappensSolana (SOL) price has failed to break above the $200 level this week despite brimming capital inflows from the meme coin rave, can the recent spikes in DeFi activity intensify the bullish momentum? Intense profit-taking among Solana traders has left SOL price nestled below the $200 territory in the past week. But with rising DeFi volumes, speculative traders are now piling on bullish bets in anticipation of another major breakout. Solana DeFi TVL nears $5 billion first time since February 2022 Solana is trading at $190 at the time of writing on March 28, on course to end the month with gains in excess of 60%. Much of the Solana March rally has been attributed to the parabolic surge in interest surrounding native memes like Dogwifhat (WIF) and BONK and newly-launched SLERF and Book of Meme (BOME). However, in the past week, the Solana boon has spread towards the defi sector. After flipping Ethereum (ETH) in terms of Dex trading volumes, Solana is now jet set on leapfrogging BNB chain on the global Total Value Locked (TVL) rankings. DeFillama chart below provides real-time TVL data on the total assets deposited on a blockchain network. Solana (SOL) defi TVL, March 28, 2024 | Source: DeFillama As seen above, despite the recent price pull back, Solana defi TVL continues to rise. While SOL price action has been subdued with the $180 – $190 range since March 23, SOL defi ecoystem has received over 600 million worth of capital inflows during that period. At the time of writing, the SOL TVL has now reached the $4.6 billion mark for the first time since February 2022. When the TVL in decentralized finance protocols increases during a price consolidation phase, it may indicate several bullish underlying dynamics. Firstly, it reflects growing confidence in the stability and reliability of Solana’s DeFi protocols. More importantly, it shows that investors are turning to defi platforms to earn yield or interest on their holdings during the ongoing price consolidation phase, rather than exit or book early profits. This reduction is selling pressure puts SOL in prime position for an accelerated price breakout during the next surge in market demand. Speculative traders betting big on next Solana price breakout Speculative traders have started making strategic moves to front run the next Solana price rally. According to recent data trends observed in the derivatives markets SOL bulls are paying increased fees to keep their long positions open. Coinglass’ funding rate metric tracks the aggregate fees paid by long traders to shorts, or vice versa, in perpetual futures markets. This metric serves as a real-time indicator of the dominant market sentiment. Solana (SOL) funding rate vs price | Source: Coinglass Between March 20 and March 28, SOL’s aggregate funding rate has surged from 0.01% to $0.04%, based on the most recent data sourced from Coinglass. This uptick in positive values of the funding rate indicates that not only are long contracts outnumbering short contracts, but leveraged long position holders are also increasingly willing to pay higher fees in anticipation of continued bullish momentum in the SOL spot price market. SOL Price Forecast: Bears to book $140M losses if $209 resistance caves Drawing insights from the $600 million growing in defi tvl and 400% jump in funding rate over the past week, Solana price looks set for a breakout towards $210 in the weeks ahead. However, another vital derivatives market data shows that the bears have mount a major resistance to prevent prices surging to new 2024 peaks above $209. Based on the active leverage positions data outlined above, SOL short traders face a potential liquidation losses of over $143 million if prices cross the $207.5 mark. To mitigate such large losses, the short traders could trigger early stop-loss orders to liquidate some of their positions as prices approach that $207 range. Solana (SOL) price forecast | Liquidation map, March 28, 2024 | Source: Coinglass Considering the high volume positions listed around at that range, the large scale sell-offs could put significant downward pressure on SOL price action in the near-term. But if the growing defi traction persists, the bulls could garners sufficient momentum to scale that sell-wall and drive prices to new yearly peaks above $210. On the flip side however, if the sell-offs trigger an outsized downward market reaction, SOL price stands the risk of tumbling toward the $165 area. Read more: Solana’s Jupiter DEX launches native DAO, secures $137m in initial capital

Solana SHORT Traders Face $143 Million Losses If This Happens

Solana (SOL) price has failed to break above the $200 level this week despite brimming capital inflows from the meme coin rave, can the recent spikes in DeFi activity intensify the bullish momentum?

Intense profit-taking among Solana traders has left SOL price nestled below the $200 territory in the past week. But with rising DeFi volumes, speculative traders are now piling on bullish bets in anticipation of another major breakout.

Solana DeFi TVL nears $5 billion first time since February 2022

Solana is trading at $190 at the time of writing on March 28, on course to end the month with gains in excess of 60%. Much of the Solana March rally has been attributed to the parabolic surge in interest surrounding native memes like Dogwifhat (WIF) and BONK and newly-launched SLERF and Book of Meme (BOME).

However, in the past week, the Solana boon has spread towards the defi sector. After flipping Ethereum (ETH) in terms of Dex trading volumes, Solana is now jet set on leapfrogging BNB chain on the global Total Value Locked (TVL) rankings.

DeFillama chart below provides real-time TVL data on the total assets deposited on a blockchain network.

Solana (SOL) defi TVL, March 28, 2024 | Source: DeFillama

As seen above, despite the recent price pull back, Solana defi TVL continues to rise. While SOL price action has been subdued with the $180 – $190 range since March 23, SOL defi ecoystem has received over 600 million worth of capital inflows during that period.

At the time of writing, the SOL TVL has now reached the $4.6 billion mark for the first time since February 2022.

When the TVL in decentralized finance protocols increases during a price consolidation phase, it may indicate several bullish underlying dynamics.

Firstly, it reflects growing confidence in the stability and reliability of Solana’s DeFi protocols. More importantly, it shows that investors are turning to defi platforms to earn yield or interest on their holdings during the ongoing price consolidation phase, rather than exit or book early profits.

This reduction is selling pressure puts SOL in prime position for an accelerated price breakout during the next surge in market demand.

Speculative traders betting big on next Solana price breakout

Speculative traders have started making strategic moves to front run the next Solana price rally. According to recent data trends observed in the derivatives markets SOL bulls are paying increased fees to keep their long positions open.

Coinglass’ funding rate metric tracks the aggregate fees paid by long traders to shorts, or vice versa, in perpetual futures markets. This metric serves as a real-time indicator of the dominant market sentiment.

Solana (SOL) funding rate vs price | Source: Coinglass

Between March 20 and March 28, SOL’s aggregate funding rate has surged from 0.01% to $0.04%, based on the most recent data sourced from Coinglass.

This uptick in positive values of the funding rate indicates that not only are long contracts outnumbering short contracts, but leveraged long position holders are also increasingly willing to pay higher fees in anticipation of continued bullish momentum in the SOL spot price market.

SOL Price Forecast: Bears to book $140M losses if $209 resistance caves

Drawing insights from the $600 million growing in defi tvl and 400% jump in funding rate over the past week, Solana price looks set for a breakout towards $210 in the weeks ahead.

However, another vital derivatives market data shows that the bears have mount a major resistance to prevent prices surging to new 2024 peaks above $209.

Based on the active leverage positions data outlined above, SOL short traders face a potential liquidation losses of over $143 million if prices cross the $207.5 mark. To mitigate such large losses, the short traders could trigger early stop-loss orders to liquidate some of their positions as prices approach that $207 range.

Solana (SOL) price forecast | Liquidation map, March 28, 2024 | Source: Coinglass

Considering the high volume positions listed around at that range, the large scale sell-offs could put significant downward pressure on SOL price action in the near-term.

But if the growing defi traction persists, the bulls could garners sufficient momentum to scale that sell-wall and drive prices to new yearly peaks above $210.

On the flip side however, if the sell-offs trigger an outsized downward market reaction, SOL price stands the risk of tumbling toward the $165 area.

Read more: Solana’s Jupiter DEX launches native DAO, secures $137m in initial capital
Nearly 50% of All Illicit Volume Occured on TRON in 2023, TRM Labs SaysData revealed by analysts at blockchain forensics firm TRM Labs shows that TRON hosted 45% of all illicit volume in 2023. The so-called “dirty crypto” appears to be highly centered on the TRON blockchain network, founded by Chinese entrepreneur Justin Sun, which accounted for approximately 45% of all illicit transactions last year. According to a recent research report titled “The Illicit Crypto Economy” by TRM Labs, the figure marks an increase from 41% in 2022, with Ethereum following at 24% and Bitcoin at 18%. The San Francisco-headquartered firm found Tether (USDT) to be the stablecoin with the largest amount of illicit volume. Issued by Tether Inc. the stablecoin has “cemented its position as the currency of choice for use by terrorist financing entities,” TRM Labs says, adding that USDT accounted for over $19 billion worth of illicit funds, while the other stablecoin, USD Coin (USDC), has only $428.9 million in illicit volume. “[…] among those terror financing campaigns that continued to accept cryptocurrency, the number of unique TRON addresses that received Tether (USDT) rose by 125%.” TRM Labs TRON also appears to be a preferred network for hackers associated with North Korea, who frequently exchange stolen funds, predominantly for USDT on the network. Later on, these laundered crypto funds are converted to fiat currency through high-volume over-the-counter (OTC) brokers, the firm says. As of press time, the TRON developers made no public statement regarding the findings. You might also like: Binance suspends support for USDC deposits and withdrawals via TRON Despite the staggering figures, TRM Labs notes a decline in the volumes of hacked and sanctions-exposed funds, attributing the decline to the heightened pressure exerted by governments and law enforcement agencies worldwide. Total illicit crypto volume | Source: TRM Labs Tether has been consistently stressing its commitment to adhering to anti-money laundering (AML) regulations in its efforts to combat global terrorism. In December 2023, Tether underscored its dedication to implementing know-your-customer (KYC) procedures and ensuring regulatory compliance in a letter addressed to members of the U.S. House Financial Services Committee and the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The issuer of USDT revealed that its KYC program underwent thorough examination by the Internal Revenue Service (IRS) on behalf of the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. Furthermore, Tether announced collaborations with the U.S. Department of Justice, Secret Service, and Federal Bureau of Investigation (FBI), leading to the freezing of numerous crypto wallets. Read more: Tron founder Justin Sun addresses UN concerns on USDT

Nearly 50% of All Illicit Volume Occured on TRON in 2023, TRM Labs Says

Data revealed by analysts at blockchain forensics firm TRM Labs shows that TRON hosted 45% of all illicit volume in 2023.

The so-called “dirty crypto” appears to be highly centered on the TRON blockchain network, founded by Chinese entrepreneur Justin Sun, which accounted for approximately 45% of all illicit transactions last year. According to a recent research report titled “The Illicit Crypto Economy” by TRM Labs, the figure marks an increase from 41% in 2022, with Ethereum following at 24% and Bitcoin at 18%.

The San Francisco-headquartered firm found Tether (USDT) to be the stablecoin with the largest amount of illicit volume. Issued by Tether Inc. the stablecoin has “cemented its position as the currency of choice for use by terrorist financing entities,” TRM Labs says, adding that USDT accounted for over $19 billion worth of illicit funds, while the other stablecoin, USD Coin (USDC), has only $428.9 million in illicit volume.

“[…] among those terror financing campaigns that continued to accept cryptocurrency, the number of unique TRON addresses that received Tether (USDT) rose by 125%.”

TRM Labs

TRON also appears to be a preferred network for hackers associated with North Korea, who frequently exchange stolen funds, predominantly for USDT on the network. Later on, these laundered crypto funds are converted to fiat currency through high-volume over-the-counter (OTC) brokers, the firm says. As of press time, the TRON developers made no public statement regarding the findings.

You might also like: Binance suspends support for USDC deposits and withdrawals via TRON

Despite the staggering figures, TRM Labs notes a decline in the volumes of hacked and sanctions-exposed funds, attributing the decline to the heightened pressure exerted by governments and law enforcement agencies worldwide.

Total illicit crypto volume | Source: TRM Labs

Tether has been consistently stressing its commitment to adhering to anti-money laundering (AML) regulations in its efforts to combat global terrorism. In December 2023, Tether underscored its dedication to implementing know-your-customer (KYC) procedures and ensuring regulatory compliance in a letter addressed to members of the U.S. House Financial Services Committee and the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

The issuer of USDT revealed that its KYC program underwent thorough examination by the Internal Revenue Service (IRS) on behalf of the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. Furthermore, Tether announced collaborations with the U.S. Department of Justice, Secret Service, and Federal Bureau of Investigation (FBI), leading to the freezing of numerous crypto wallets.

Read more: Tron founder Justin Sun addresses UN concerns on USDT
Why We Want to Uncover Satoshi’s Identity, and What Changes If We DoUnravel the mystery surrounding Bitcoin’s creator, Satoshi Nakamoto, and explore the potential impact of their identity revelation on the crypto market. Bitcoin (BTC), the most well-known cryptocurrency globally, has recently made headlines by reaching an all-time high valuation. Despite its fame, the identity of its creator, known only as Satoshi Nakamoto, remains a mystery.  Shortly after collaborating with other developers to refine the Bitcoin code, Satoshi vanished from public view around 2011. Since then, numerous theories have emerged regarding this person’s true identity. Unraveling the mystery: who is Satoshi Nakamoto? Conversations about Satoshi’s real identity, are usually built around two ideas: Satoshi could be the collective pseudonym for a group of people who worked together to build the Bitcoin project, or it could have been a cover for a single person. Those who believe it was just one person behind the alias have floated several names over the years of people who believe the Satoshi glove fit. Let’s look at some of them: Nick Szabo  Leading the pack is Nick Szabo, a renowned cryptographer and legal scholar. Many have pointed to Szabo’s extensive work on digital contracts and his creation of Bit Gold, which shares striking similarities with the foundational concepts of Bitcoin, as compelling evidence for his candidacy as Satoshi Nakamoto. Szabo has been involved in decentralized cryptocurrencies since their early days. In 2013, a blogger named him as a potential creator of Bitcoin, further fueling speculation about his identity. However, despite these endorsements, industry experts caution that there is no concrete evidence linking Szabo to Satoshi. While his work aligns with Bitcoin’s principles, there really is no conclusive proof of his involvement. Hal Finney Another popular contender for the Satoshi title is Hal Finney. The American computer programmer and cryptographer holds the distinction of being the first person to receive Bitcoins from Satoshi. According to crypto lore, Satoshi sent Finney ten Bitcoins in a test transaction, marking a significant moment in the cryptocurrency’s history. However, in October 2023, a prominent blogger in the crypto community cast doubt on the theory that Finney was Satoshi Nakamoto. The blogger presented evidence suggesting that Finney, who passed away in 2014, was engaged in a running race when Satoshi was actively involved in responding to emails and conducting Bitcoin transactions. Adam Back Another name that regularly pops up in the Satoshi conversation is Adam Back, a British cryptographer and cypherpunk. Those who believe Back is the Bitcoin inventor often highlight his creation of the Hashcash system, integral to Bitcoin’s proof-of-work (PoW) mechanism, as a significant factor supporting his candidacy. There have been long-standing rumors about Adam Back being a part of Bitcoin’s creation. However, the recent release of email exchanges between Adam Back and Satoshi Nakamoto, into the U.K. court records in February 2024 has diminished these speculations. Adam Back denied the rumors, claiming he was the real Satoshi Nakamoto. i'm not satoshi; but it's curious that the most convincing reasons for people of why not are variously price talk and dunking on altcoin rug-pullers. — Adam Back (@adam3us) February 26, 2024 You might also like: Meet the whales: Who owns the most Bitcoins? Honorable mentions B-money creator Wei Dai and late privacy advocate Len Sassaman have also been mentioned as possible real-life identities of Satoshi Nakamoto.  Wei Dai’s B-money proposal outlined a system for secure and private transactions without a central authority. The system relied on cryptographic techniques to enable users to transact directly with each other in a decentralized manner. While b-money was never implemented as a fully functional system, it is considered a precursor to Bitcoin.  Sassaman’s connections to key cryptographers and emphasis on privacy also positioned him as a noteworthy contender in the search for Nakamoto’s identity. Sassaman was involved in various projects related to privacy and cryptography, including developing the Mixmaster anonymous remailer system, which allows users to send anonymous email messages. He was also a key contributor to creating the GNU Privacy Guard (GPG), an open-source implementation of the Pretty Good Privacy (PGP) encryption software. Unlikely candidates and disputed contenders Other less believable candidates for the Bitcoin creator title include Japanese mathematician Shinichi Mochizuki, X owner Elon Musk, and engineer Dorian Nakamoto.  Australian computer scientist Craig Wright also makes it to the list. In 2016, Wright came forward claiming to be Satoshi. However, on March 14, 2024, a U.K. high court judge delivered a hammer blow to Wright’s claims.  This occurred in a case where the Crypto Open Patent Alliance (COPA), a digital asset nonprofit created to ensure crypto technology is free from patents, asked the court to declare that Craig Wright did not invent Bitcoin. Their request was based on the alleged fabrication of evidence and discrepancies in Wright’s story. Many have also expressed doubts about Mochizuki’s limited background in computer science, Musk’s sparse connections to the early Bitcoin community, and the media confusion surrounding Dorian Nakamoto’s name. Musk himself has previously denied any claims of being the founder of Bitcoin. Dorian Nakamoto gained public attention in 2014 when he was placed front and center in a Newsweek article as the possible creator of Bitcoin. The article made much ado about his last name, which was similar to that of the pseudonymous Satoshi. However, Nakamoto denied any involvement in the creation of Bitcoin and stated that he had only a limited understanding of the cryptocurrency. Why do we care who Satoshi is? So, why are people so obsessed with knowing who Satoshi Nakamoto was? Firstly, we love a big mystery. Outside the Loch Ness monster, there are probably very few mysteries bigger and more intriguing than the quest to uncover Satoshi’s real persona. Moreover, the significance of this person’s invention cannot be overstated. Once regarded as a fringe oddity, Bitcoin has ascended to become a formidable asset class, especially after the U.S. Securities and Exchange Commission (SEC) gave the green light for spot Bitcoin exchange-traded funds (ETFs) in early 2024.  Bitcoin ETFs, which give investors exposure to the cryptocurrency’s price movements without directly owning them, helped push the coin’s price to an all-time high above $73k and have resulted in billions of dollars worth of inflows for major investment firms like BlackRock and Fidelity. Given the current state of the BTC market, the potential impact of Satoshi’s holding, estimated at over 1 million Bitcoins in some quarters, cannot be sniffed at. If even half of those coins were to enter the market, they would profoundly affect the cryptocurrency’s price. However, beyond the financial implications, Satoshi’s steadfast commitment to anonymity adds to the allure of Bitcoin’s lore. Despite possessing a potential fortune worth billions, this person has never touched or traded any of the original Bitcoins. Preserving this anonymity over personal gain imbues the Bitcoin story with a sense of mystique and reverence. What happens if Satoshi Nakamoto’s identity is revealed? Accompanying the question of who Satoshi Nakamoto is, there is worry about the effect unmasking the person or people behind that pseudonym would have on crypto. Foremost among these potential impacts is the specter of market volatility. It’s not too farfetched to think a sudden disclosure of Satoshi’s identity would trigger a frenzy of activity among investors and traders. The uncertainty surrounding Nakamoto’s persona has long been a point of fascination, and a definitive revelation could incite both euphoria and apprehension within the market. Furthermore, the unveiling of Satoshi Nakamoto could herald significant shifts in the price of Bitcoin. Should the revealed identity command respect and credibility within the crypto space, it could inject newfound confidence into Bitcoin, potentially sparking an even greater surge in its price.  Conversely, if the disclosed individual brings forth controversies or doubts, it could prompt a mass exodus of investors, precipitating a sharp decline in Bitcoin’s value. Beyond its immediate market implications, the disclosure of Nakamoto’s identity could also carry legal and regulatory ramifications. If the revealed individual is entangled in legal troubles or regulatory scrutiny, it could cast a shadow over the entire cryptocurrency space, influencing the stance of authorities and governments towards digital assets. Moreover, the reaction of the crypto community itself would play a pivotal role in shaping market sentiment. Depending on how Nakamoto’s identity is perceived within the community, it could either foster solidarity or sow discord among enthusiasts and investors alike. Such internal dynamics could, in turn, exert a profound influence on the crypto market’s trajectory, given Bitcoin’s outsized influence on it. In summation, the unmasking of Satoshi Nakamoto would constitute a seismic event in the world of cryptocurrencies, with repercussions that extend far beyond mere market fluctuations. It would serve as a litmus test for the resilience and adaptability of the crypto ecosystem while also prompting soul-searching reflections on the nature of decentralization and anonymity in the digital age. Read more: What can the past Bitcoin halving cycles tell us about its future?

Why We Want to Uncover Satoshi’s Identity, and What Changes If We Do

Unravel the mystery surrounding Bitcoin’s creator, Satoshi Nakamoto, and explore the potential impact of their identity revelation on the crypto market.

Bitcoin (BTC), the most well-known cryptocurrency globally, has recently made headlines by reaching an all-time high valuation. Despite its fame, the identity of its creator, known only as Satoshi Nakamoto, remains a mystery. 

Shortly after collaborating with other developers to refine the Bitcoin code, Satoshi vanished from public view around 2011. Since then, numerous theories have emerged regarding this person’s true identity.

Unraveling the mystery: who is Satoshi Nakamoto?

Conversations about Satoshi’s real identity, are usually built around two ideas: Satoshi could be the collective pseudonym for a group of people who worked together to build the Bitcoin project, or it could have been a cover for a single person.

Those who believe it was just one person behind the alias have floated several names over the years of people who believe the Satoshi glove fit. Let’s look at some of them:

Nick Szabo 

Leading the pack is Nick Szabo, a renowned cryptographer and legal scholar. Many have pointed to Szabo’s extensive work on digital contracts and his creation of Bit Gold, which shares striking similarities with the foundational concepts of Bitcoin, as compelling evidence for his candidacy as Satoshi Nakamoto.

Szabo has been involved in decentralized cryptocurrencies since their early days. In 2013, a blogger named him as a potential creator of Bitcoin, further fueling speculation about his identity. However, despite these endorsements, industry experts caution that there is no concrete evidence linking Szabo to Satoshi. While his work aligns with Bitcoin’s principles, there really is no conclusive proof of his involvement.

Hal Finney

Another popular contender for the Satoshi title is Hal Finney. The American computer programmer and cryptographer holds the distinction of being the first person to receive Bitcoins from Satoshi. According to crypto lore, Satoshi sent Finney ten Bitcoins in a test transaction, marking a significant moment in the cryptocurrency’s history.

However, in October 2023, a prominent blogger in the crypto community cast doubt on the theory that Finney was Satoshi Nakamoto. The blogger presented evidence suggesting that Finney, who passed away in 2014, was engaged in a running race when Satoshi was actively involved in responding to emails and conducting Bitcoin transactions.

Adam Back

Another name that regularly pops up in the Satoshi conversation is Adam Back, a British cryptographer and cypherpunk. Those who believe Back is the Bitcoin inventor often highlight his creation of the Hashcash system, integral to Bitcoin’s proof-of-work (PoW) mechanism, as a significant factor supporting his candidacy.

There have been long-standing rumors about Adam Back being a part of Bitcoin’s creation. However, the recent release of email exchanges between Adam Back and Satoshi Nakamoto, into the U.K. court records in February 2024 has diminished these speculations.

Adam Back denied the rumors, claiming he was the real Satoshi Nakamoto.

i'm not satoshi; but it's curious that the most convincing reasons for people of why not are variously price talk and dunking on altcoin rug-pullers.

— Adam Back (@adam3us) February 26, 2024

You might also like: Meet the whales: Who owns the most Bitcoins?

Honorable mentions

B-money creator Wei Dai and late privacy advocate Len Sassaman have also been mentioned as possible real-life identities of Satoshi Nakamoto. 

Wei Dai’s B-money proposal outlined a system for secure and private transactions without a central authority. The system relied on cryptographic techniques to enable users to transact directly with each other in a decentralized manner. While b-money was never implemented as a fully functional system, it is considered a precursor to Bitcoin. 

Sassaman’s connections to key cryptographers and emphasis on privacy also positioned him as a noteworthy contender in the search for Nakamoto’s identity.

Sassaman was involved in various projects related to privacy and cryptography, including developing the Mixmaster anonymous remailer system, which allows users to send anonymous email messages. He was also a key contributor to creating the GNU Privacy Guard (GPG), an open-source implementation of the Pretty Good Privacy (PGP) encryption software.

Unlikely candidates and disputed contenders

Other less believable candidates for the Bitcoin creator title include Japanese mathematician Shinichi Mochizuki, X owner Elon Musk, and engineer Dorian Nakamoto. 

Australian computer scientist Craig Wright also makes it to the list. In 2016, Wright came forward claiming to be Satoshi. However, on March 14, 2024, a U.K. high court judge delivered a hammer blow to Wright’s claims. 

This occurred in a case where the Crypto Open Patent Alliance (COPA), a digital asset nonprofit created to ensure crypto technology is free from patents, asked the court to declare that Craig Wright did not invent Bitcoin. Their request was based on the alleged fabrication of evidence and discrepancies in Wright’s story.

Many have also expressed doubts about Mochizuki’s limited background in computer science, Musk’s sparse connections to the early Bitcoin community, and the media confusion surrounding Dorian Nakamoto’s name. Musk himself has previously denied any claims of being the founder of Bitcoin.

Dorian Nakamoto gained public attention in 2014 when he was placed front and center in a Newsweek article as the possible creator of Bitcoin.

The article made much ado about his last name, which was similar to that of the pseudonymous Satoshi. However, Nakamoto denied any involvement in the creation of Bitcoin and stated that he had only a limited understanding of the cryptocurrency.

Why do we care who Satoshi is?

So, why are people so obsessed with knowing who Satoshi Nakamoto was? Firstly, we love a big mystery. Outside the Loch Ness monster, there are probably very few mysteries bigger and more intriguing than the quest to uncover Satoshi’s real persona.

Moreover, the significance of this person’s invention cannot be overstated. Once regarded as a fringe oddity, Bitcoin has ascended to become a formidable asset class, especially after the U.S. Securities and Exchange Commission (SEC) gave the green light for spot Bitcoin exchange-traded funds (ETFs) in early 2024. 

Bitcoin ETFs, which give investors exposure to the cryptocurrency’s price movements without directly owning them, helped push the coin’s price to an all-time high above $73k and have resulted in billions of dollars worth of inflows for major investment firms like BlackRock and Fidelity.

Given the current state of the BTC market, the potential impact of Satoshi’s holding, estimated at over 1 million Bitcoins in some quarters, cannot be sniffed at. If even half of those coins were to enter the market, they would profoundly affect the cryptocurrency’s price.

However, beyond the financial implications, Satoshi’s steadfast commitment to anonymity adds to the allure of Bitcoin’s lore. Despite possessing a potential fortune worth billions, this person has never touched or traded any of the original Bitcoins. Preserving this anonymity over personal gain imbues the Bitcoin story with a sense of mystique and reverence.

What happens if Satoshi Nakamoto’s identity is revealed?

Accompanying the question of who Satoshi Nakamoto is, there is worry about the effect unmasking the person or people behind that pseudonym would have on crypto.

Foremost among these potential impacts is the specter of market volatility. It’s not too farfetched to think a sudden disclosure of Satoshi’s identity would trigger a frenzy of activity among investors and traders. The uncertainty surrounding Nakamoto’s persona has long been a point of fascination, and a definitive revelation could incite both euphoria and apprehension within the market.

Furthermore, the unveiling of Satoshi Nakamoto could herald significant shifts in the price of Bitcoin. Should the revealed identity command respect and credibility within the crypto space, it could inject newfound confidence into Bitcoin, potentially sparking an even greater surge in its price. 

Conversely, if the disclosed individual brings forth controversies or doubts, it could prompt a mass exodus of investors, precipitating a sharp decline in Bitcoin’s value.

Beyond its immediate market implications, the disclosure of Nakamoto’s identity could also carry legal and regulatory ramifications. If the revealed individual is entangled in legal troubles or regulatory scrutiny, it could cast a shadow over the entire cryptocurrency space, influencing the stance of authorities and governments towards digital assets.

Moreover, the reaction of the crypto community itself would play a pivotal role in shaping market sentiment. Depending on how Nakamoto’s identity is perceived within the community, it could either foster solidarity or sow discord among enthusiasts and investors alike. Such internal dynamics could, in turn, exert a profound influence on the crypto market’s trajectory, given Bitcoin’s outsized influence on it.

In summation, the unmasking of Satoshi Nakamoto would constitute a seismic event in the world of cryptocurrencies, with repercussions that extend far beyond mere market fluctuations. It would serve as a litmus test for the resilience and adaptability of the crypto ecosystem while also prompting soul-searching reflections on the nature of decentralization and anonymity in the digital age.

Read more: What can the past Bitcoin halving cycles tell us about its future?
Milei Moneda Presale Heats Up; Analysts See ETH At $5.4K in 2024Milei Moneda (MEDA) is campaigning for global adoption of DeFi, as its MEDA token presale gains momentum. Ethereum falls drastically under intense sell pressure, while Solana dips. We are in that lull between two huge events, where everything in the crypto market seems uncertain. Ethereum (ETH) and Solana (SOL) got double-figure price pumps last month following Bitcoin’s spike. Now, the coin rally has ended, more or less, but we have the Bitcoin halving to look forward to, and the top altcoins appear undecided on their price movements. ETH dipped significantly in the past week as most of its investors cashed in on their ETH profits. Blockchain metrics showed that three investors moved about $95 million worth of ETH tokens to exchanges like Kraken, raking in a combined $39 million in profits. The trend of dipping profits has continued despite a rise in trading volume on the ETH blockchain, as more whales have moved their ETH tokens. Will ETH get to the bullish heights set by analysts after the Bitcoin halving? That remains to be seen. On the other hand, SOL seems to be in much more uncertainty than Ethereum. SOL entered the top 10 altcoins list with the past altcoin rally, but it has struggled recently. While the executives indicate that the increased failed transactions are not an issue to worry about, the technical indicators on SOL’s trading chart are certainly concerning. Is SOL still a crypto to buy, or do we have to look forward to another? Well, if you are looking for options, the new coin, Milei Moneda, is tipped as one of the best cryptos on the market currently. The MEDA token is bringing features, and even the trending SOL meme coins aren’t ready for it. Ethereum vs. Solana The earliest buyers from Ethereum’s cryptocurrency ICO are waking to shake the market rather heavily. As if the $93 million offload last week wasn’t enough, more whales have joined the sell train on Ethereum. The investors seem to want to cash in now after accumulating so much profit. The latest sellout was from a dormant wallet that seems to have been holding ETH since the token launched in 2015. TradingView analysts speculate various reasons for the awakening of such a crypto whale, but it is quite early to decide on Ethereum’s future. Solana’s blockchain recorded a whopping 70% failed transactions in its last seven days of trading. Bots have been discovered to be the cause of the spike in failed transactions, as organic users are still trading normally. But that is not an issue at the moment, as analysts think SOL might dip 20% more before regaining stability. This prediction comes after SOL lost about 50% of its profits this month. The meme coin frenzy put Solana among the top crypto coins, but its recent woes might see it lose its status as a top ten cryptocurrency to buy this year. Elsewhere, Milei Moneda is prepping a stellar launch on the side. Here’s more on the meme coin. The Milei Moneda presale  Many crypto veterans say that the best time to hop on a crypto project is at the launch phase—all the better if the token has a presale. But Milei Moneda offers much more than just presale profits. Milei Moneda is unlike other meme coins, and its features justify that. Burning MEDA tokens through its deflationary policies is the first step in the direction of long-term profits. For every token that gets spent, the platform burns some of the available tokens to create scarcity and increase the token’s value over time. Next up is Milei Moneda’s desire for DeFi. Apart from campaigning for global DeFi adoption, MEDA’s community will actively fund DeFi project development on the platform. Milei Moneda is about to integrate smart contracts into its operations; with its social media influence, MEDA’s DeFi apps could take over the market. The top altcoins have gone quiet after the last coin rally waned. However, Ethereum still seems to be one of the best cryptos to hold. Milei Moneda’s presale is still in Stage 1, exchanging hands for $0.010 per MEDA.  .To learn more about this project, visit the Moneda presale website or Join the community Read more: Milei Moneda sees investor interest as Solana, Toncoin, surge

Milei Moneda Presale Heats Up; Analysts See ETH At $5.4K in 2024

Milei Moneda (MEDA) is campaigning for global adoption of DeFi, as its MEDA token presale gains momentum. Ethereum falls drastically under intense sell pressure, while Solana dips.

We are in that lull between two huge events, where everything in the crypto market seems uncertain. Ethereum (ETH) and Solana (SOL) got double-figure price pumps last month following Bitcoin’s spike. Now, the coin rally has ended, more or less, but we have the Bitcoin halving to look forward to, and the top altcoins appear undecided on their price movements.

ETH dipped significantly in the past week as most of its investors cashed in on their ETH profits. Blockchain metrics showed that three investors moved about $95 million worth of ETH tokens to exchanges like Kraken, raking in a combined $39 million in profits. The trend of dipping profits has continued despite a rise in trading volume on the ETH blockchain, as more whales have moved their ETH tokens. Will ETH get to the bullish heights set by analysts after the Bitcoin halving? That remains to be seen.

On the other hand, SOL seems to be in much more uncertainty than Ethereum. SOL entered the top 10 altcoins list with the past altcoin rally, but it has struggled recently. While the executives indicate that the increased failed transactions are not an issue to worry about, the technical indicators on SOL’s trading chart are certainly concerning. Is SOL still a crypto to buy, or do we have to look forward to another?

Well, if you are looking for options, the new coin, Milei Moneda, is tipped as one of the best cryptos on the market currently. The MEDA token is bringing features, and even the trending SOL meme coins aren’t ready for it.

Ethereum vs. Solana

The earliest buyers from Ethereum’s cryptocurrency ICO are waking to shake the market rather heavily. As if the $93 million offload last week wasn’t enough, more whales have joined the sell train on Ethereum.

The investors seem to want to cash in now after accumulating so much profit. The latest sellout was from a dormant wallet that seems to have been holding ETH since the token launched in 2015. TradingView analysts speculate various reasons for the awakening of such a crypto whale, but it is quite early to decide on Ethereum’s future.

Solana’s blockchain recorded a whopping 70% failed transactions in its last seven days of trading. Bots have been discovered to be the cause of the spike in failed transactions, as organic users are still trading normally. But that is not an issue at the moment, as analysts think SOL might dip 20% more before regaining stability.

This prediction comes after SOL lost about 50% of its profits this month. The meme coin frenzy put Solana among the top crypto coins, but its recent woes might see it lose its status as a top ten cryptocurrency to buy this year.

Elsewhere, Milei Moneda is prepping a stellar launch on the side. Here’s more on the meme coin.

The Milei Moneda presale 

Many crypto veterans say that the best time to hop on a crypto project is at the launch phase—all the better if the token has a presale. But Milei Moneda offers much more than just presale profits.

Milei Moneda is unlike other meme coins, and its features justify that. Burning MEDA tokens through its deflationary policies is the first step in the direction of long-term profits. For every token that gets spent, the platform burns some of the available tokens to create scarcity and increase the token’s value over time.

Next up is Milei Moneda’s desire for DeFi. Apart from campaigning for global DeFi adoption, MEDA’s community will actively fund DeFi project development on the platform. Milei Moneda is about to integrate smart contracts into its operations; with its social media influence, MEDA’s DeFi apps could take over the market.

The top altcoins have gone quiet after the last coin rally waned. However, Ethereum still seems to be one of the best cryptos to hold. Milei Moneda’s presale is still in Stage 1, exchanging hands for $0.010 per MEDA. 

.To learn more about this project, visit the Moneda presale website or Join the community

Read more: Milei Moneda sees investor interest as Solana, Toncoin, surge
Traditional Investors Persistently Procuring Bitcoin From Old WhalesOn-chain data confirms that old Bitcoin (BTC) whales have been divesting their BTC tokens to traditional institutional investors, as the firstborn cryptocurrency continues to command growing interest in Wall Street. Ki Young Ju, the founder and CEO of CryptoQuant, highlighted this phenomenon in a recent analysis, drawing attention to a comparative analysis of Bitcoin’s demand and supply across old and new whale addresses. Old whales are selling #Bitcoin to new whales(TradFi), not retail investors. This can be clearly observed on-chain.Chart by @AxelAdlerJr pic.twitter.com/L8tWWvcmfb — Ki Young Ju (@ki_young_ju) March 28, 2024 The data suggests that the Bitcoin network is experiencing a surge in demand from emerging whale entities, coinciding with heightened selling activity among established whale addresses.  This observed pattern may indicate older addresses seeking to capitalize on profits from their Bitcoin holdings, particularly amid the current price discovery phase, which has seen BTC surge above $73,000. The metric reveals that the present pattern was observed in the market in the last two cycles. Remarkably, this trend emerged in early 2017, coinciding with the onset of the 2017 bull cycle. Subsequently, Bitcoin surged from $966 in January 2017 to its peak of $19,666 in December 2017. During the bull market at that time, the significant change in ownership endured for 332 days. Participants in the market, particularly bullish investors who entered in 2017, resumed this pattern in the 2021 bull run, divesting their BTC to new whale entities over a period of 136 days. You might also like: Fidelity files S-1 for Ethereum ETF Data indicates the emergence of a cohort of new whale entities during the current bull market. However, an intriguing deviation from the pattern this time is that these new whales predominantly consist of traditional institutional investors who are exhibiting heightened interest in BTC. This is primarily due to the approval and success of the spot Bitcoin ETFs. These investment products have introduced BTC to Wall Street. Following a period of sustained outflows, spot Bitcoin ETFs have recorded two consecutive daily inflows this week, indicating a resurgence of interest. Bitcoin shows more room for growth Meanwhile, the ongoing shift in ownership has historically aligned with periods of market peaks. As a result, the metric indicates that Bitcoin might still have room for more substantial growth, as the emerging accumulation trend remains minimal at the reporting time. BTC price, whale activity and RSI – March 28 | Source: Santiment Moreover, despite Bitcoin’s current position above the $70,000 mark, its daily relative strength index (RSI) stands at 45, indicating that the cryptocurrency remains well below overbought levels. This reaffirms the notion that the asset has ample potential for further ascent. According to data provided by Santiment, the number of whale transactions consisting of at least $100,000 worth of BTC has been consolidating around the 13,100 mark over the past two days. The number of transactions consisting of at least $1 million worth of BTC increased by 3.8% — rising from 2,691 to 2,789 unique transactions per day. The high amount of whale activity at this point could potentially put Bitcoin in a slightly volatile zone. Bitcoin is currently trading at $70,759, up 1.61% over the past 24 hours. The crypto asset has gained by more than 4% in the last week, as it looks to recover the losses of the past few days. Read more: Court rejects SEC claim that Coinbase Wallet is unregistered broker

Traditional Investors Persistently Procuring Bitcoin From Old Whales

On-chain data confirms that old Bitcoin (BTC) whales have been divesting their BTC tokens to traditional institutional investors, as the firstborn cryptocurrency continues to command growing interest in Wall Street.

Ki Young Ju, the founder and CEO of CryptoQuant, highlighted this phenomenon in a recent analysis, drawing attention to a comparative analysis of Bitcoin’s demand and supply across old and new whale addresses.

Old whales are selling #Bitcoin to new whales(TradFi), not retail investors. This can be clearly observed on-chain.Chart by @AxelAdlerJr pic.twitter.com/L8tWWvcmfb

— Ki Young Ju (@ki_young_ju) March 28, 2024

The data suggests that the Bitcoin network is experiencing a surge in demand from emerging whale entities, coinciding with heightened selling activity among established whale addresses. 

This observed pattern may indicate older addresses seeking to capitalize on profits from their Bitcoin holdings, particularly amid the current price discovery phase, which has seen BTC surge above $73,000.

The metric reveals that the present pattern was observed in the market in the last two cycles. Remarkably, this trend emerged in early 2017, coinciding with the onset of the 2017 bull cycle. Subsequently, Bitcoin surged from $966 in January 2017 to its peak of $19,666 in December 2017.

During the bull market at that time, the significant change in ownership endured for 332 days. Participants in the market, particularly bullish investors who entered in 2017, resumed this pattern in the 2021 bull run, divesting their BTC to new whale entities over a period of 136 days.

You might also like: Fidelity files S-1 for Ethereum ETF

Data indicates the emergence of a cohort of new whale entities during the current bull market. However, an intriguing deviation from the pattern this time is that these new whales predominantly consist of traditional institutional investors who are exhibiting heightened interest in BTC.

This is primarily due to the approval and success of the spot Bitcoin ETFs. These investment products have introduced BTC to Wall Street. Following a period of sustained outflows, spot Bitcoin ETFs have recorded two consecutive daily inflows this week, indicating a resurgence of interest.

Bitcoin shows more room for growth

Meanwhile, the ongoing shift in ownership has historically aligned with periods of market peaks. As a result, the metric indicates that Bitcoin might still have room for more substantial growth, as the emerging accumulation trend remains minimal at the reporting time.

BTC price, whale activity and RSI – March 28 | Source: Santiment

Moreover, despite Bitcoin’s current position above the $70,000 mark, its daily relative strength index (RSI) stands at 45, indicating that the cryptocurrency remains well below overbought levels. This reaffirms the notion that the asset has ample potential for further ascent.

According to data provided by Santiment, the number of whale transactions consisting of at least $100,000 worth of BTC has been consolidating around the 13,100 mark over the past two days.

The number of transactions consisting of at least $1 million worth of BTC increased by 3.8% — rising from 2,691 to 2,789 unique transactions per day.

The high amount of whale activity at this point could potentially put Bitcoin in a slightly volatile zone.

Bitcoin is currently trading at $70,759, up 1.61% over the past 24 hours. The crypto asset has gained by more than 4% in the last week, as it looks to recover the losses of the past few days.

Read more: Court rejects SEC claim that Coinbase Wallet is unregistered broker
Raboo Hits the Spotlight; AAVE, Avalanche, Prime for a Massive MoveDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Raboo Meme-Fi token presale is off to a solid start, as established altcoins like Avalanche and Aave get set for the bull run. Cryptos have made many fortunes, but the established ones are slowing down. It is axiomatic: the larger something is, the less room for growth remains. This does not mean they are stagnant, not when Aave and Avalanche have a chance to burst out with additional offerings like crypto staking. But the next crypto to explode will likely be a small-cap currently in presale, and the new Meme-Fi token Raboo fits the bill. Avalanche (AVAX): A new frontier in crypto staking In a move that surprised everyone, Avalanche diversified from crypto staking into meme coins. Always seen as a ‘serious’ token, Avalanche has recently snapped up five meme coins to add to its crypto-staking portfolio. Meme coins are no strangers to crypto, but they have always been dismissed with derision by traditional investors. Avalanche is banking that a meme coin will be the next crypto to explode. This does not mean that Avalanche has deviated from its crypto-staking roots; it is just that hedging bets is always a valid strategy.  You might also like: Avalanche eyes $70 price rally after banking collaboration with Chainlink Aave (AAVE): Taps the PayPal stablecoin  The Aave community’s decision to integrate PayPal’s PYUSD stablecoin into its DeFi lending and borrowing ecosystem has sparked interest in crypto staking strategies. While this move signals the potential for broader adoption and utility in the crypto space, it also raises questions about the complexities of integrating traditional finance platforms with crypto. The integration serves as a noteworthy development for those involved in crypto staking, albeit with a cautious outlook on its implications, not to mention Aave’s ticker price.  Raboo (RABT) combining AI with meme culture  Raboo is a cryptocurrency that merges artificial intelligence with meme culture, offering a vibrant ecosystem where community engagement through meme creation, sharing, and social-fi interactions are rewarded. With the above-mentioned tokenomics and a strategic distribution strategy, Raboo aims to empower users and transform the digital economy. A hallmark of a well-crafted cryptocurrency is its tokenomics model. Looking into Raboo, the new Meme-Fi AI token, all indicators show Raboo may be set for growth. The first clue that Raboo is a solid asset is its limited supply of only 1.8 billion tokens.  You might also like: Altcoin trader Rekt Fencer shares strategy behind massive gains with meme coins The next giveaway that the developers of Raboo have thought of everything is that it is built on Ethereum as an ERC20 token. And then, it can also boast it has passed its audit through SOLIDProof With an initial offering of only $0.003, Raboo will return 233% by the end of its presale and could record more gains once it gets listed on crypto exchanges. To learn more about this project, visit the Raboo presale. Read more: Aave community mulls new proposal to increase liquidity for GHO stablecoin Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Raboo Hits the Spotlight; AAVE, Avalanche, Prime for a Massive Move

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The Raboo Meme-Fi token presale is off to a solid start, as established altcoins like Avalanche and Aave get set for the bull run.

Cryptos have made many fortunes, but the established ones are slowing down. It is axiomatic: the larger something is, the less room for growth remains. This does not mean they are stagnant, not when Aave and Avalanche have a chance to burst out with additional offerings like crypto staking. But the next crypto to explode will likely be a small-cap currently in presale, and the new Meme-Fi token Raboo fits the bill.

Avalanche (AVAX): A new frontier in crypto staking

In a move that surprised everyone, Avalanche diversified from crypto staking into meme coins. Always seen as a ‘serious’ token, Avalanche has recently snapped up five meme coins to add to its crypto-staking portfolio. Meme coins are no strangers to crypto, but they have always been dismissed with derision by traditional investors. Avalanche is banking that a meme coin will be the next crypto to explode.

This does not mean that Avalanche has deviated from its crypto-staking roots; it is just that hedging bets is always a valid strategy. 

You might also like: Avalanche eyes $70 price rally after banking collaboration with Chainlink

Aave (AAVE): Taps the PayPal stablecoin 

The Aave community’s decision to integrate PayPal’s PYUSD stablecoin into its DeFi lending and borrowing ecosystem has sparked interest in crypto staking strategies. While this move signals the potential for broader adoption and utility in the crypto space, it also raises questions about the complexities of integrating traditional finance platforms with crypto.

The integration serves as a noteworthy development for those involved in crypto staking, albeit with a cautious outlook on its implications, not to mention Aave’s ticker price. 

Raboo (RABT) combining AI with meme culture 

Raboo is a cryptocurrency that merges artificial intelligence with meme culture, offering a vibrant ecosystem where community engagement through meme creation, sharing, and social-fi interactions are rewarded. With the above-mentioned tokenomics and a strategic distribution strategy, Raboo aims to empower users and transform the digital economy.

A hallmark of a well-crafted cryptocurrency is its tokenomics model. Looking into Raboo, the new Meme-Fi AI token, all indicators show Raboo may be set for growth. The first clue that Raboo is a solid asset is its limited supply of only 1.8 billion tokens. 

You might also like: Altcoin trader Rekt Fencer shares strategy behind massive gains with meme coins

The next giveaway that the developers of Raboo have thought of everything is that it is built on Ethereum as an ERC20 token. And then, it can also boast it has passed its audit through SOLIDProof

With an initial offering of only $0.003, Raboo will return 233% by the end of its presale and could record more gains once it gets listed on crypto exchanges.

To learn more about this project, visit the Raboo presale.

Read more: Aave community mulls new proposal to increase liquidity for GHO stablecoin

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
What Is MetaMask? How to Use and Set It UpWhat is MetaMask and what potential benefits can it offer users? Read along as we explore the answers. Table of Contents What is MetaMask? How does MetaMask work? How to use and set up MetaMask How to fund a MetaMask wallet How to withdraw money from MetaMask to bank account Is MetaMask a good wallet? FAQs What is MetaMask? MetaMask is a crypto wallet initially released in 2016 that allows users to buy and store Ethereum (ETH) and other Ethereum-based tokens, swap different crypto assets, and secure a wide range of assets. It also simplifies access to decentralized applications (dapps) like decentralized finance (defi) protocols and blockchain games on Ethereum and a range of other blockchains. MetaMask is available as a browser extension for browsers including Google Chrome and Mozilla Firefox, and as a mobile app for Android and iOS.  As of February 2024, MetaMask had more than 30 million monthly users globally. How does MetaMask work? Once a user opens MetaMask they will be prompted to create a new wallet or import an existing one using a seed phrase. The seed phrase is a series of randomly generated words that serve as a backup for the wallet. Once the wallet is set up, users can access various dapps and interact with the Ethereum blockchain directly. Whenever a user wants to perform a transaction, such as sending ether or interacting with a smart contract, MetaMask will prompt them to review the details and sign the transaction using their private key. This helps ensure the security and authenticity of the transaction. MetaMask security measures also include storing users’ private keys locally on their device, encrypted with a password and the option to connect with hardware wallets for enhanced security. Additionally, MetaMask does not store any user data on its servers. How to use and set up MetaMask To install MetaMask, on a browser, users need only go to the MetaMask.io website, choose their browser and then click ‘install MetaMask’, as shown below. If installing the MetaMask wallet onto their mobile device, users can go into the app or Google play store, search MetaMask, and then click ‘Get’ or ‘Download’. Once MetaMask is successfully installed, they can click on ‘Get Started’, at which point users will be presented with the option to either import an existing wallet or create a new one. If the user has an existing wallet and has their seed words they can export your wallet straight away by clicking on the icon in the upper right corner to open MetaMask extension, reading and accepting the terms, then clicking ‘Import With Seed Phrase’. After that they will be prompted to enter the wallet’s seed phrase and a strong password. Once this is done the existing wallet should be successfully imported. If the user doesn’t have the seed phrase for their existing wallet, they can import the wallet address to MetaMask using a private key or JSON file. If users choose to create a new MetaMask wallet, they should note down the wallet recovery phrase and store it in a secure place. The phrase will be necessary if they lose access to their device and need to restore access to their funds.  Once they have successfully created a new wallet, they will be ready to use the MetaMask wallet. How to fund a MetaMask wallet Users can buy Ethereum from various cryptocurrency exchanges or platforms, including popular options like Coinbase, Binance, and Kraken. After purchasing the ETH, they’ll need to withdraw it to their MetaMask wallet. If the user already has Ethereum or any other supported cryptocurrency in another wallet or exchange, they can transfer it to their MetaMask wallet. To do this, they need to obtain the wallet’s public address, which can be found by clicking on the account icon and selecting ‘Account Details’. Then, users can copy the wallet address and use it as the receiving address when initiating a transfer from your other wallet or exchange. Users can also receive Ethereum or other supported tokens directly into their MetaMask wallet from another person or entity by providing their wallet address to the sender. The sender can then transfer the desired amount of crypto to the wallet address. Once the transaction is confirmed on the Ethereum blockchain the amount will appear in the receiver’s MetaMask wallet. It’s important to remember that when funding their MetaMask wallet, users will need to account for transaction fees associated when sending crypto to their wallet. It’s crucial to ensure that the account balance is sufficient to cover both the amount they want to fund and any associated fees.  How to withdraw money from MetaMask to bank account Users cannot directly transfer funds from their MetaMask wallet to a traditional bank account. The crypto held in a MetaMask wallet will have to be converted into fiat currency (such as US dollars or British pounds) that can then be deposited into a bank account. Users can trade their crypto for fiat currency on an exchange that supports crypto-to-fiat trading pairs. They can create an account on one of these platforms, complete the necessary verification processes, and then sell their cryptocurrency for fiat currency. Once this is done, users can withdraw the fiat funds to their linked bank account. Each exchange has its own withdrawal process, which typically involves specifying the amount to withdraw and providing bank account details for the transfer. The exchange will then initiate the withdrawal, and the fiat funds will be deposited into the user’s bank account according to the exchange’s processing times. Users should ensure they choose a reputable cryptocurrency exchange with proper security measures and regulatory compliance to ensure the safety of their funds and personal information. Additionally, they should be aware of any fees associated with buying or selling cryptocurrency and withdrawing fiat currency from the exchange to their bank account. Is MetaMask a good wallet? MetaMask is a popular crypto wallet and widely considered to be reputable, particularly for users who interact with dapps and the Ethereum blockchain. It offers a user-friendly interface that makes it easy for beginners and experienced users to manage their assets. The browser extension integrates seamlessly with web-based dapps, allowing users to interact with the decentralized ecosystem directly from their browser. Additionally, MetaMask states that it prioritizes security and provides users with control over their private keys, which are stored locally on their devices. It is also compatible with various web browsers, including Chrome, Firefox, Brave, and others, making it accessible to a wide range of users. It also supports multiple operating systems, including Windows, macOS, and Linux. Despite these attributes, whether or not MetaMask is the most suitable wallet for a crypto user is something they must decide for themselves. MetaMask primarily focuses on supporting ETH and Ethereum-based tokens (ERC-20 and ERC-721), and may not be the best wallet for anyone who requires support for a wide range of cryptocurrencies beyond the Ethereum ecosystem. FAQs What type of wallet is MetaMask? MetaMask is a type of cryptocurrency wallet known as digital wallet. It allows users to manage their cryptocurrency assets through software apps or browser extensions. Primarily, MetaMask functions as a wallet for storing and managing Ethereum (ETH) and Ethereum-based tokens (ERC-20 and ERC-721), as well as interacting with decentralized applications (dapps) built on the Ethereum blockchain. Is MetaMask legit? MetaMask is widely considered to be a safe and reputable crypto wallet and browser extension. It has been developed and maintained by a team of experienced developers associated with ConsenSys, one of the leading blockchain technology companies in the industry founded by Joseph Lubin, one of the co-founders of Ethereum. Is MetaMask free? There are no charges associated with installing the MetaMask browser extension or creating a MetaMask wallet. MetaMask also does not charge fees for basic wallet functionalities such as sending, receiving, and storing tokens.  Users can use MetaMask to interact with dapps and perform transactions on the Ethereum blockchain at no cost beyond the standard network transaction fees, which are required to process transactions on the Ethereum network. However, users may incur transaction fees (gas fees) when conducting transactions on the Ethereum network. These fees vary depending on network congestion and transaction priority and are paid to Ethereum miners to validate and process transactions. Is MetaMask anonymous? MetaMask offers a degree of anonymity, as it doesn’t require users to provide personal information, such as your name or email address, or undergo identity verification to create and use a wallet. However, certain activities conducted through MetaMask may not be entirely anonymous.  For example, all transactions on the Ethereum blockchain are publicly visible, including wallet addresses and transaction amounts. While wallet addresses are pseudonymous, meaning they are not directly linked to individuals’ identities, transaction activity can still be tracked and analyzed by anyone with access to the blockchain. Users’ IP addresses and browser data may also be visible to websites they visit and interact with through MetaMask. As such they should be mindful of their online privacy and take appropriate precautions when accessing dApps and other websites. How many MetaMask wallets can I have? MetaMask allows users to create multiple wallets within the same MetaMask extension or app. Users can create as many wallets as they need to organize their cryptocurrency holdings or separate different types of transactions. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

What Is MetaMask? How to Use and Set It Up

What is MetaMask and what potential benefits can it offer users? Read along as we explore the answers.

Table of Contents

What is MetaMask?

How does MetaMask work?

How to use and set up MetaMask

How to fund a MetaMask wallet

How to withdraw money from MetaMask to bank account

Is MetaMask a good wallet?

FAQs

What is MetaMask?

MetaMask is a crypto wallet initially released in 2016 that allows users to buy and store Ethereum (ETH) and other Ethereum-based tokens, swap different crypto assets, and secure a wide range of assets. It also simplifies access to decentralized applications (dapps) like decentralized finance (defi) protocols and blockchain games on Ethereum and a range of other blockchains.

MetaMask is available as a browser extension for browsers including Google Chrome and Mozilla Firefox, and as a mobile app for Android and iOS. 

As of February 2024, MetaMask had more than 30 million monthly users globally.

How does MetaMask work?

Once a user opens MetaMask they will be prompted to create a new wallet or import an existing one using a seed phrase. The seed phrase is a series of randomly generated words that serve as a backup for the wallet.

Once the wallet is set up, users can access various dapps and interact with the Ethereum blockchain directly. Whenever a user wants to perform a transaction, such as sending ether or interacting with a smart contract, MetaMask will prompt them to review the details and sign the transaction using their private key. This helps ensure the security and authenticity of the transaction.

MetaMask security measures also include storing users’ private keys locally on their device, encrypted with a password and the option to connect with hardware wallets for enhanced security. Additionally, MetaMask does not store any user data on its servers.

How to use and set up MetaMask

To install MetaMask, on a browser, users need only go to the MetaMask.io website, choose their browser and then click ‘install MetaMask’, as shown below.

If installing the MetaMask wallet onto their mobile device, users can go into the app or Google play store, search MetaMask, and then click ‘Get’ or ‘Download’.

Once MetaMask is successfully installed, they can click on ‘Get Started’, at which point users will be presented with the option to either import an existing wallet or create a new one.

If the user has an existing wallet and has their seed words they can export your wallet straight away by clicking on the icon in the upper right corner to open MetaMask extension, reading and accepting the terms, then clicking ‘Import With Seed Phrase’. After that they will be prompted to enter the wallet’s seed phrase and a strong password. Once this is done the existing wallet should be successfully imported.

If the user doesn’t have the seed phrase for their existing wallet, they can import the wallet address to MetaMask using a private key or JSON file.

If users choose to create a new MetaMask wallet, they should note down the wallet recovery phrase and store it in a secure place. The phrase will be necessary if they lose access to their device and need to restore access to their funds. 

Once they have successfully created a new wallet, they will be ready to use the MetaMask wallet.

How to fund a MetaMask wallet

Users can buy Ethereum from various cryptocurrency exchanges or platforms, including popular options like Coinbase, Binance, and Kraken. After purchasing the ETH, they’ll need to withdraw it to their MetaMask wallet.

If the user already has Ethereum or any other supported cryptocurrency in another wallet or exchange, they can transfer it to their MetaMask wallet. To do this, they need to obtain the wallet’s public address, which can be found by clicking on the account icon and selecting ‘Account Details’. Then, users can copy the wallet address and use it as the receiving address when initiating a transfer from your other wallet or exchange.

Users can also receive Ethereum or other supported tokens directly into their MetaMask wallet from another person or entity by providing their wallet address to the sender. The sender can then transfer the desired amount of crypto to the wallet address. Once the transaction is confirmed on the Ethereum blockchain the amount will appear in the receiver’s MetaMask wallet.

It’s important to remember that when funding their MetaMask wallet, users will need to account for transaction fees associated when sending crypto to their wallet. It’s crucial to ensure that the account balance is sufficient to cover both the amount they want to fund and any associated fees. 

How to withdraw money from MetaMask to bank account

Users cannot directly transfer funds from their MetaMask wallet to a traditional bank account. The crypto held in a MetaMask wallet will have to be converted into fiat currency (such as US dollars or British pounds) that can then be deposited into a bank account.

Users can trade their crypto for fiat currency on an exchange that supports crypto-to-fiat trading pairs. They can create an account on one of these platforms, complete the necessary verification processes, and then sell their cryptocurrency for fiat currency.

Once this is done, users can withdraw the fiat funds to their linked bank account. Each exchange has its own withdrawal process, which typically involves specifying the amount to withdraw and providing bank account details for the transfer. The exchange will then initiate the withdrawal, and the fiat funds will be deposited into the user’s bank account according to the exchange’s processing times.

Users should ensure they choose a reputable cryptocurrency exchange with proper security measures and regulatory compliance to ensure the safety of their funds and personal information. Additionally, they should be aware of any fees associated with buying or selling cryptocurrency and withdrawing fiat currency from the exchange to their bank account.

Is MetaMask a good wallet?

MetaMask is a popular crypto wallet and widely considered to be reputable, particularly for users who interact with dapps and the Ethereum blockchain. It offers a user-friendly interface that makes it easy for beginners and experienced users to manage their assets. The browser extension integrates seamlessly with web-based dapps, allowing users to interact with the decentralized ecosystem directly from their browser.

Additionally, MetaMask states that it prioritizes security and provides users with control over their private keys, which are stored locally on their devices. It is also compatible with various web browsers, including Chrome, Firefox, Brave, and others, making it accessible to a wide range of users. It also supports multiple operating systems, including Windows, macOS, and Linux.

Despite these attributes, whether or not MetaMask is the most suitable wallet for a crypto user is something they must decide for themselves. MetaMask primarily focuses on supporting ETH and Ethereum-based tokens (ERC-20 and ERC-721), and may not be the best wallet for anyone who requires support for a wide range of cryptocurrencies beyond the Ethereum ecosystem.

FAQs

What type of wallet is MetaMask?

MetaMask is a type of cryptocurrency wallet known as digital wallet. It allows users to manage their cryptocurrency assets through software apps or browser extensions. Primarily, MetaMask functions as a wallet for storing and managing Ethereum (ETH) and Ethereum-based tokens (ERC-20 and ERC-721), as well as interacting with decentralized applications (dapps) built on the Ethereum blockchain.

Is MetaMask legit?

MetaMask is widely considered to be a safe and reputable crypto wallet and browser extension. It has been developed and maintained by a team of experienced developers associated with ConsenSys, one of the leading blockchain technology companies in the industry founded by Joseph Lubin, one of the co-founders of Ethereum.

Is MetaMask free?

There are no charges associated with installing the MetaMask browser extension or creating a MetaMask wallet. MetaMask also does not charge fees for basic wallet functionalities such as sending, receiving, and storing tokens. 

Users can use MetaMask to interact with dapps and perform transactions on the Ethereum blockchain at no cost beyond the standard network transaction fees, which are required to process transactions on the Ethereum network.

However, users may incur transaction fees (gas fees) when conducting transactions on the Ethereum network. These fees vary depending on network congestion and transaction priority and are paid to Ethereum miners to validate and process transactions.

Is MetaMask anonymous?

MetaMask offers a degree of anonymity, as it doesn’t require users to provide personal information, such as your name or email address, or undergo identity verification to create and use a wallet. However, certain activities conducted through MetaMask may not be entirely anonymous. 

For example, all transactions on the Ethereum blockchain are publicly visible, including wallet addresses and transaction amounts. While wallet addresses are pseudonymous, meaning they are not directly linked to individuals’ identities, transaction activity can still be tracked and analyzed by anyone with access to the blockchain.

Users’ IP addresses and browser data may also be visible to websites they visit and interact with through MetaMask. As such they should be mindful of their online privacy and take appropriate precautions when accessing dApps and other websites.

How many MetaMask wallets can I have?

MetaMask allows users to create multiple wallets within the same MetaMask extension or app. Users can create as many wallets as they need to organize their cryptocurrency holdings or separate different types of transactions.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Canadian Province Goes After QuadrigaCX Co-founder Over Unexplained WealthQuadrigaCX co-founder Michael Patryn is risking losing assets as the Canadian province of British Columbia pursues an “unexplained wealth order” amid allegations of fraud. QuadrigaCX co-founder Michael Patryn has come under the spotlight once again after the British Columbia Civil Forfeiture Office announced its initiation of an application for an “unexplained wealth order,” targeting $250,200 in cash, 45 gold bars, four luxury watches, and various expensive jewelry allegedly belonging to Patryn. In a press release on Mar. 27, Mike Farnworth, minister of public safety and solicitor general, said the province wants to demonstrate that “criminals will have to prove that their assets are the proceeds of lawful activity and not financial crime.” “The international, criminal actions of Quadriga Coin Exchange (Quadriga CX) led to thousands of people losing their life savings. The fact that this organization has been the subject of a Netflix documentary related to a high-profile cryptocurrency fraud shows that these types of crimes do not show respect for borders.” Mike Farnworth You might also like: Creator of defi project Wonderland unmasked as QuadrigaCX co-founder QuadrigaCX, once Canada’s leading crypto exchange, plunged into bankruptcy after the death of co-founder Gerald Cotten in December 2018, leaving users unable to access funds stored in the company’s crypto wallets apparently controlled by Cotten. The scrutiny extends to Patryn’s background, with reports suggesting a criminal history in the U.S. under the alias Omar Dhanani, related to involvement in an online marketplace trafficking stolen credit card numbers and identities. Patryn acknowledged ownership of the assets under scrutiny but refuted claims of their association with illegal activities. His current whereabouts are speculated to be in Thailand. Read more: BTC wallets linked to QuadrigaCX reawaken with $1.7m transfers

Canadian Province Goes After QuadrigaCX Co-founder Over Unexplained Wealth

QuadrigaCX co-founder Michael Patryn is risking losing assets as the Canadian province of British Columbia pursues an “unexplained wealth order” amid allegations of fraud.

QuadrigaCX co-founder Michael Patryn has come under the spotlight once again after the British Columbia Civil Forfeiture Office announced its initiation of an application for an “unexplained wealth order,” targeting $250,200 in cash, 45 gold bars, four luxury watches, and various expensive jewelry allegedly belonging to Patryn.

In a press release on Mar. 27, Mike Farnworth, minister of public safety and solicitor general, said the province wants to demonstrate that “criminals will have to prove that their assets are the proceeds of lawful activity and not financial crime.”

“The international, criminal actions of Quadriga Coin Exchange (Quadriga CX) led to thousands of people losing their life savings. The fact that this organization has been the subject of a Netflix documentary related to a high-profile cryptocurrency fraud shows that these types of crimes do not show respect for borders.”

Mike Farnworth

You might also like: Creator of defi project Wonderland unmasked as QuadrigaCX co-founder

QuadrigaCX, once Canada’s leading crypto exchange, plunged into bankruptcy after the death of co-founder Gerald Cotten in December 2018, leaving users unable to access funds stored in the company’s crypto wallets apparently controlled by Cotten.

The scrutiny extends to Patryn’s background, with reports suggesting a criminal history in the U.S. under the alias Omar Dhanani, related to involvement in an online marketplace trafficking stolen credit card numbers and identities. Patryn acknowledged ownership of the assets under scrutiny but refuted claims of their association with illegal activities. His current whereabouts are speculated to be in Thailand.

Read more: BTC wallets linked to QuadrigaCX reawaken with $1.7m transfers
Cathie Wood’s Bitcoin ETF Sets Record With $243.5m Daily InflowOn March 28, The ARK 21Shares Bitcoin ETF witnessed an unprecedented $243.5 million in investments, marking a significant uptick over five times its usual daily intake, as Bitcoin neared the $72,000 threshold. According to early insights from Farside Investors, the inflow on March 27 into the ARK 21Shares Bitcoin ETF surged to four times its average daily inflow of $43.9 million since its debut on January 11. This influx almost tripled the previous day’s $73.6 million, significantly outpacing the lack of inflow scenario on March 25. Bitcoin ETF flow table | Source: Farside Investors Meanwhile, Blackrock’s Bitcoin ETF (IBIT) saw an even more impressive inflow, with $323.8 million in new investments. In contrast, other Bitcoin ETFs like Valkyrie Bitcoin ETF (BRRR) recorded $5.1 million, Invesco Galaxy Bitcoin ETF (BTCO) saw $4.8 million, Franklin Bitcoin ETF (EZBC) attracted $4 million, and VanEck Bitcoin ETF (HODL) observed $1.9 million in new investments. Both WisdomTree Bitcoin ETF (BTCW) and Fidelity Investments Bitcoin ETF (FBTC) reported inflows of $1.5 million, showcasing more modest gains. As this occurred, Bitcoin reached a high of $71,670 but dipped below the $69,000 level, eventually settling at $69,698 by day’s end. Currently, Bitcoin is priced at $70,783, according to CoinMarketCap. BTC 24-hour price chart: Source: CoinMarketCap Cryptocurrency analysts have started debating that the focus on Bitcoin’s immediate price movements overshadows a more significant trend. On March 28, through a post on X, crypto analyst Gumshoe shared with his 28,900 followers that the attention is overly concentrated on daily price movements rather than acknowledging the substantial investments flowing into Bitcoin. “With Bitcoin ETFs experiencing record inflows, the concern over the daily price seems misplaced,” he commented. You might also like: Spot Bitcoin ETFs record recovery, cups $418 million intraday inflows On March 27, Bitwise’s Chief Investment Officer Matt Hougan pointed out on X that many professional investors are still barred from purchasing Bitcoin ETFs, notably in the UK where the regulatory environment remains cautious towards crypto. Day 19 of 20 on the road. It has been an amazing trip. A few additional take-aways to share: 1) ETF Flows Will Continue for Years: A good question to ask about the new bitcoin ETFs is whether the incredible inflows we’ve seen in the first two months represent a one-time surge… — Matt Hougan (@Matt_Hougan) March 26, 2024 He suggested that the landscape for Bitcoin ETF investments would evolve gradually over the next couple of years through numerous individual assessments. As these significant inflows into Bitcoin ETFs reflect a growing institutional interest in cryptocurrency, ARK Invest’s CEO, Cathie Wood, has projected Bitcoin’s price could reach as high as $3.8 million, driven by its growing role in the “financial superhighway.” Wood contends that the SEC’s cautious approach to institutional Bitcoin investments could inadvertently boost its price. The launch of these financial products has led to a spike in demand, breaking previous US ETF investment records and stirring renewed interest in Bitcoin, which these funds directly procure and manage. Industry experts support Wood’s view that the forthcoming Bitcoin halving event in April will lead to a supply shock, bolstering the ongoing demand-driven price rally. Read more: Bitcoin ETFs break outflow streak with $15.7m net inflow

Cathie Wood’s Bitcoin ETF Sets Record With $243.5m Daily Inflow

On March 28, The ARK 21Shares Bitcoin ETF witnessed an unprecedented $243.5 million in investments, marking a significant uptick over five times its usual daily intake, as Bitcoin neared the $72,000 threshold.

According to early insights from Farside Investors, the inflow on March 27 into the ARK 21Shares Bitcoin ETF surged to four times its average daily inflow of $43.9 million since its debut on January 11.

This influx almost tripled the previous day’s $73.6 million, significantly outpacing the lack of inflow scenario on March 25.

Bitcoin ETF flow table | Source: Farside Investors

Meanwhile, Blackrock’s Bitcoin ETF (IBIT) saw an even more impressive inflow, with $323.8 million in new investments.

In contrast, other Bitcoin ETFs like Valkyrie Bitcoin ETF (BRRR) recorded $5.1 million, Invesco Galaxy Bitcoin ETF (BTCO) saw $4.8 million, Franklin Bitcoin ETF (EZBC) attracted $4 million, and VanEck Bitcoin ETF (HODL) observed $1.9 million in new investments.

Both WisdomTree Bitcoin ETF (BTCW) and Fidelity Investments Bitcoin ETF (FBTC) reported inflows of $1.5 million, showcasing more modest gains.

As this occurred, Bitcoin reached a high of $71,670 but dipped below the $69,000 level, eventually settling at $69,698 by day’s end. Currently, Bitcoin is priced at $70,783, according to CoinMarketCap.

BTC 24-hour price chart: Source: CoinMarketCap

Cryptocurrency analysts have started debating that the focus on Bitcoin’s immediate price movements overshadows a more significant trend.

On March 28, through a post on X, crypto analyst Gumshoe shared with his 28,900 followers that the attention is overly concentrated on daily price movements rather than acknowledging the substantial investments flowing into Bitcoin.

“With Bitcoin ETFs experiencing record inflows, the concern over the daily price seems misplaced,” he commented.

You might also like: Spot Bitcoin ETFs record recovery, cups $418 million intraday inflows

On March 27, Bitwise’s Chief Investment Officer Matt Hougan pointed out on X that many professional investors are still barred from purchasing Bitcoin ETFs, notably in the UK where the regulatory environment remains cautious towards crypto.

Day 19 of 20 on the road. It has been an amazing trip. A few additional take-aways to share: 1) ETF Flows Will Continue for Years: A good question to ask about the new bitcoin ETFs is whether the incredible inflows we’ve seen in the first two months represent a one-time surge…

— Matt Hougan (@Matt_Hougan) March 26, 2024

He suggested that the landscape for Bitcoin ETF investments would evolve gradually over the next couple of years through numerous individual assessments.

As these significant inflows into Bitcoin ETFs reflect a growing institutional interest in cryptocurrency, ARK Invest’s CEO, Cathie Wood, has projected Bitcoin’s price could reach as high as $3.8 million, driven by its growing role in the “financial superhighway.”

Wood contends that the SEC’s cautious approach to institutional Bitcoin investments could inadvertently boost its price.

The launch of these financial products has led to a spike in demand, breaking previous US ETF investment records and stirring renewed interest in Bitcoin, which these funds directly procure and manage.

Industry experts support Wood’s view that the forthcoming Bitcoin halving event in April will lead to a supply shock, bolstering the ongoing demand-driven price rally.

Read more: Bitcoin ETFs break outflow streak with $15.7m net inflow
Sci-Fi NFT Card Game Parallel Raises $35m From VanEck, Solana VenturesParadigm-backed NFT card game Parallel has secured $35 million from a group of investors to expand the universe across new platforms. Parallel, a sci-fi NFT card game, that supports the Ethereum blockchain and the Base layer-2 chain, has completed another financing round, bagging in $35 million from a pool of investors. In an X post on Mar. 28, the game developers said the funding was supported by Distributed Global, The Operating Group, VanEck, Solana Ventures, Base Ecosystem Fund, and Amber among others. $𝟯𝟱𝗠 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗼𝘂𝗻𝗱 𝗶𝗻 𝗣𝗮𝗿𝗮𝗹𝗹𝗲𝗹 𝗦𝘁𝘂𝗱𝗶𝗼𝘀 We are excited to announce our latest funding round! Our team is thrilled to expand the Parallel universe across new mediums and platforms. // pic.twitter.com/ZJLyFoahjH — Parallel (@ParallelTCG) March 28, 2024 The project’s valuation following the funding was not disclosed, although the developers said that the proceedings will be used to “expand the Parallel universe across new mediums and platforms.” As of press time, other details were not disclosed. You might also like: Parallel Studios hypes up new AI game on Solana blockchain: ‘It pushes boundaries’ Since its launch in 2021, Parallel has remained in open beta, offering players the opportunity to collect, trade, and engage with unique in-game assets represented as non-fungible tokens (NFTs). The game’s narrative revolves around a fantasy storyline depicting humanity’s endeavor to escape into space following a global energy crisis. Following the launch, the game initially raised $50 million at a valuation of half a billion dollars, with support from crypto venture firm Paradigm and other investors, according to a report from TechCrunch. However, it remains uncertain whether the project’s valuation has been affected by the 2023 crypto winter, which saw valuation declines across many blockchain ventures. Read more: NFT Price Floor co-founder predicts quality NFTs comeback despite market retreat

Sci-Fi NFT Card Game Parallel Raises $35m From VanEck, Solana Ventures

Paradigm-backed NFT card game Parallel has secured $35 million from a group of investors to expand the universe across new platforms.

Parallel, a sci-fi NFT card game, that supports the Ethereum blockchain and the Base layer-2 chain, has completed another financing round, bagging in $35 million from a pool of investors. In an X post on Mar. 28, the game developers said the funding was supported by Distributed Global, The Operating Group, VanEck, Solana Ventures, Base Ecosystem Fund, and Amber among others.

$𝟯𝟱𝗠 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗼𝘂𝗻𝗱 𝗶𝗻 𝗣𝗮𝗿𝗮𝗹𝗹𝗲𝗹 𝗦𝘁𝘂𝗱𝗶𝗼𝘀 We are excited to announce our latest funding round! Our team is thrilled to expand the Parallel universe across new mediums and platforms. // pic.twitter.com/ZJLyFoahjH

— Parallel (@ParallelTCG) March 28, 2024

The project’s valuation following the funding was not disclosed, although the developers said that the proceedings will be used to “expand the Parallel universe across new mediums and platforms.” As of press time, other details were not disclosed.

You might also like: Parallel Studios hypes up new AI game on Solana blockchain: ‘It pushes boundaries’

Since its launch in 2021, Parallel has remained in open beta, offering players the opportunity to collect, trade, and engage with unique in-game assets represented as non-fungible tokens (NFTs). The game’s narrative revolves around a fantasy storyline depicting humanity’s endeavor to escape into space following a global energy crisis.

Following the launch, the game initially raised $50 million at a valuation of half a billion dollars, with support from crypto venture firm Paradigm and other investors, according to a report from TechCrunch. However, it remains uncertain whether the project’s valuation has been affected by the 2023 crypto winter, which saw valuation declines across many blockchain ventures.

Read more: NFT Price Floor co-founder predicts quality NFTs comeback despite market retreat
PEPE Sees Surprising Market Surge; KangaMoon Rises in PresaleDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the meme coin market thrives, Pepe (PEPE) and KangaMoon (KANG) emerge as standout contenders, with Pepe making remarkable market strides and KangaMoon surging 180% in its presale, drawing investor attention. With the meme coin frenzy set to continue in the coming months, buyers are waiting in the wings for the best meme coins to invest in. Pepe (PEPE), the last meme coin to see incredible surges is in the news again, posting astonishing surges to draw the attention of buyers. KangaMoon (KANG) has also rocketed by 180% in a few weeks of starting the presale. Analysts observe the growing potential of KangaMoon and believe it could go on a massive bullish onslaught in the coming months. You might also like: PEPE’s marketcap soars as KangaMoon presale draws investors KangaMoon momentum continues as it reaches $2.8m in presale While Pepe had its most productive year in 2023, KangaMoon could be the next meme coin to shoot to the moon as the crypto market looks up to the bull run. KangaMoon has enjoyed massive attention from buyers, raising $2.8M in presale. KangaMoon’s unique features are interesting. By incorporating elements of play-to-earn gaming into uniquely created social interaction, KangaMoon is expected to be a hit soon. KangaMoon turns gaming into productive adventures with players not only playing for fun but also earning substantially from doing what they love. Players can compete in various gaming events on a weekly, daily, and monthly basis. Spectators are not left out in KangaMoon’s largesse, they can also speculate and predict match outcomes and earn huge rewards. KangaMoon’s entry into the crypto market has coincided with the meme coin frenzy as investors are trooping to the presale. With the presale price starting at $0.0050, KangaMoon is now selling at $0.014. KangaMoon holders can earn extra rewards by sharing posts, tweeting, and commenting on posts that aim to promote the platform.  With the presale at stage 4, investors can earn a 10% bonus on every KANG purchase. As the project looks up to listing across tier 1 exchanges by the second quarter of 2024, KangaMoon presents an opportunity to jump into the $200b NFT gaming market. You might also like: Experts second guess ADA as KangaMoon stands out Pepe reignites investors’ interest as token pumps After the 2023 incredible surge, Pepe coin saw a severe bearish pullback with the price dipping considerably. However, Pepe is making significant strides to put itself back into the reckoning, particularly with the growing meme coin market in the past few weeks. On the monthly price chart, Pepe saw a massive increase of 536% with the meme coin setting a new all-time high record of $0.00001074. Even though Pepe’s resilience was tested on the weekly chart with a 19% decrease, Pepe’s price is still stabilizing above the 200-day EMA. While some Pepe holders are selling their holdings, a large chunk is still preserving their investments. As such, analysts predict that Pepe’s price will witness a serial turnaround that will surpass its earlier records before the end of Q1 of 2024. To learn more, visit the Kangamoon website or join their telegram community. Read more: Shiba Inu and Floki prices retrace, KangaMoon soars past $2.3m Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

PEPE Sees Surprising Market Surge; KangaMoon Rises in Presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As the meme coin market thrives, Pepe (PEPE) and KangaMoon (KANG) emerge as standout contenders, with Pepe making remarkable market strides and KangaMoon surging 180% in its presale, drawing investor attention.

With the meme coin frenzy set to continue in the coming months, buyers are waiting in the wings for the best meme coins to invest in. Pepe (PEPE), the last meme coin to see incredible surges is in the news again, posting astonishing surges to draw the attention of buyers. KangaMoon (KANG) has also rocketed by 180% in a few weeks of starting the presale. Analysts observe the growing potential of KangaMoon and believe it could go on a massive bullish onslaught in the coming months.

You might also like: PEPE’s marketcap soars as KangaMoon presale draws investors

KangaMoon momentum continues as it reaches $2.8m in presale

While Pepe had its most productive year in 2023, KangaMoon could be the next meme coin to shoot to the moon as the crypto market looks up to the bull run. KangaMoon has enjoyed massive attention from buyers, raising $2.8M in presale. KangaMoon’s unique features are interesting. By incorporating elements of play-to-earn gaming into uniquely created social interaction, KangaMoon is expected to be a hit soon.

KangaMoon turns gaming into productive adventures with players not only playing for fun but also earning substantially from doing what they love. Players can compete in various gaming events on a weekly, daily, and monthly basis. Spectators are not left out in KangaMoon’s largesse, they can also speculate and predict match outcomes and earn huge rewards.

KangaMoon’s entry into the crypto market has coincided with the meme coin frenzy as investors are trooping to the presale. With the presale price starting at $0.0050, KangaMoon is now selling at $0.014. KangaMoon holders can earn extra rewards by sharing posts, tweeting, and commenting on posts that aim to promote the platform. 

With the presale at stage 4, investors can earn a 10% bonus on every KANG purchase. As the project looks up to listing across tier 1 exchanges by the second quarter of 2024, KangaMoon presents an opportunity to jump into the $200b NFT gaming market.

You might also like: Experts second guess ADA as KangaMoon stands out

Pepe reignites investors’ interest as token pumps

After the 2023 incredible surge, Pepe coin saw a severe bearish pullback with the price dipping considerably. However, Pepe is making significant strides to put itself back into the reckoning, particularly with the growing meme coin market in the past few weeks. On the monthly price chart, Pepe saw a massive increase of 536% with the meme coin setting a new all-time high record of $0.00001074.

Even though Pepe’s resilience was tested on the weekly chart with a 19% decrease, Pepe’s price is still stabilizing above the 200-day EMA. While some Pepe holders are selling their holdings, a large chunk is still preserving their investments. As such, analysts predict that Pepe’s price will witness a serial turnaround that will surpass its earlier records before the end of Q1 of 2024.

To learn more, visit the Kangamoon website or join their telegram community.

Read more: Shiba Inu and Floki prices retrace, KangaMoon soars past $2.3m

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
AI Tokens FET, AGIX, and OCEAN Surge Amid Merger Deal Into ASI TokenAI tokens FET, AGIX, and OCEAN have witnessed significant gains over the past 24 hours, amidst trending discussions around the creation of a new ‘Artificial Superintelligence’ (ASI) token. Fetch.ai’s FET token has observed a 6% rise, with its trading price at $3.26 and a 24-hour trading volume surging by 57% to approximately $1.1 billion. Its market capitalization now stands at $2.73 billion, showcasing a strong investor interest. FET 24-hour price chart | Source: CoinMarketCap SingularityNET’s AGIX token has also seen a significant upturn, trading at $3.26, marking a 10% increase within the same period. The trading volume for AGIX has skyrocketed by 150%, reaching about $554 million, while its market cap has expanded to $1.7 billion. AGIX 24-hour price chart | Source: CoinMarketCap Among these, the OCEAN token of Ocean Protocol has made the most remarkable gains, jumping by 18%. Its trading volume has exploded by 900%, amounting to around $640 million, with a total market cap of $820 million. OCEAN 24-hour price chart | Source: CoinMarketCap This price movement indicates growing optimism among investors about the potential merger of these AI-focused projects. The surge in value comes ahead of a scheduled community vote on April 2 for a proposed token merger involving SingularityNet, Fetch.ai, and Ocean Protocol, with a combined market capitalization of approximately $5.3 billion. If approved, this merger would lead to the creation of the Artificial Superintelligence Alliance’s ASI token, aiming to consolidate the strengths of the three entities into a unified force capable of competing against Big Tech’s dominance in AI. You might also like: GateToken surges 28% reaching 16-month high The alliance, set to be known as the Superintelligence Collective, aspires to merge Fetch.ai’s decentralized AI application platform, SingularityNET’s AI services marketplace, and Ocean Protocol’s data exchange framework. The initiative is a response to the exponential growth of AI projects and aims to provide a decentralized alternative for AI development, use, and monetization, challenging giants like OpenAI, Google, and Microsoft. Under the merger terms, a total of 2.631 billion ASI tokens will be distributed, replacing the existing AGIX, FET, and OCEAN tokens, which would then be convertible into ASI at predetermined rates. The merger details include a one-to-one swap rate for FET into ASI tokens, and additional ASI tokens will be minted to allocate 867 million to AGIX holders and 611 million to OCEAN tokenholders, translating to fixed conversion rates for these tokens into ASI. Token holders storing their AGIX and OCEAN tokens on exchanges need not take any action, as the conversion to ASI tokens will be handled directly by the exchanges. The strategic move is supported by on-chain data and market sentiment analyses indicating a positive outlook for the merger, with a significant increase in the combined market cap of the category to $43.12 billion observed. Read more: New Solana meme token sees 1,200% surge following Dogwifhat performance

AI Tokens FET, AGIX, and OCEAN Surge Amid Merger Deal Into ASI Token

AI tokens FET, AGIX, and OCEAN have witnessed significant gains over the past 24 hours, amidst trending discussions around the creation of a new ‘Artificial Superintelligence’ (ASI) token.

Fetch.ai’s FET token has observed a 6% rise, with its trading price at $3.26 and a 24-hour trading volume surging by 57% to approximately $1.1 billion. Its market capitalization now stands at $2.73 billion, showcasing a strong investor interest.

FET 24-hour price chart | Source: CoinMarketCap

SingularityNET’s AGIX token has also seen a significant upturn, trading at $3.26, marking a 10% increase within the same period. The trading volume for AGIX has skyrocketed by 150%, reaching about $554 million, while its market cap has expanded to $1.7 billion.

AGIX 24-hour price chart | Source: CoinMarketCap

Among these, the OCEAN token of Ocean Protocol has made the most remarkable gains, jumping by 18%. Its trading volume has exploded by 900%, amounting to around $640 million, with a total market cap of $820 million.

OCEAN 24-hour price chart | Source: CoinMarketCap

This price movement indicates growing optimism among investors about the potential merger of these AI-focused projects.

The surge in value comes ahead of a scheduled community vote on April 2 for a proposed token merger involving SingularityNet, Fetch.ai, and Ocean Protocol, with a combined market capitalization of approximately $5.3 billion.

If approved, this merger would lead to the creation of the Artificial Superintelligence Alliance’s ASI token, aiming to consolidate the strengths of the three entities into a unified force capable of competing against Big Tech’s dominance in AI.

You might also like: GateToken surges 28% reaching 16-month high

The alliance, set to be known as the Superintelligence Collective, aspires to merge Fetch.ai’s decentralized AI application platform, SingularityNET’s AI services marketplace, and Ocean Protocol’s data exchange framework.

The initiative is a response to the exponential growth of AI projects and aims to provide a decentralized alternative for AI development, use, and monetization, challenging giants like OpenAI, Google, and Microsoft.

Under the merger terms, a total of 2.631 billion ASI tokens will be distributed, replacing the existing AGIX, FET, and OCEAN tokens, which would then be convertible into ASI at predetermined rates.

The merger details include a one-to-one swap rate for FET into ASI tokens, and additional ASI tokens will be minted to allocate 867 million to AGIX holders and 611 million to OCEAN tokenholders, translating to fixed conversion rates for these tokens into ASI.

Token holders storing their AGIX and OCEAN tokens on exchanges need not take any action, as the conversion to ASI tokens will be handled directly by the exchanges.

The strategic move is supported by on-chain data and market sentiment analyses indicating a positive outlook for the merger, with a significant increase in the combined market cap of the category to $43.12 billion observed.

Read more: New Solana meme token sees 1,200% surge following Dogwifhat performance
SOL, ADA Lead Market Surge; Rebel Satoshi Captivates InvestorsDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Solana (SOL) and Cardano (ADA) continue to impress with technological advancements and market milestones, Rebel Satoshi emerges as a compelling new memecoin contender, captivating investors with its dual-token system and community-driven ethos. The cryptocurrency market is a thrilling rollercoaster ride filled with heart-stopping dips and exhilarating surges. The ride has been pointing upwards lately, with top crypto coins experiencing bullish trends that have investors glued to their screens. In this dynamic landscape, three cryptocurrencies are making serious waves: Solana, Cardano, and the intriguing newcomer, Rebel Satoshi. You might also like: Rebel Satoshi’s RECQ ‘moons’ as Solana outshines Ethereum  Solana shines with speed and scalability Solana has emerged as a frontrunner in the race for the best cryptocurrency, capturing the attention of investors with its lightning-fast transaction speeds and minuscule fees. Unlike some of its competitors that struggle to handle high volumes, Solana boasts a robust technological infrastructure that allows it to process thousands of transactions per second. This scalability is a game-changer, addressing a major hurdle that has plagued cryptocurrencies for years. Solana’s impressive tech stack isn’t the only factor propelling it forward. The platform has witnessed a thriving ecosystem bloom around it. A multitude of decentralized applications (dApps) have been built on Solana, creating a valuable utility that transcends mere speculation. This burgeoning ecosystem fuels the overall value proposition of Solana, making it a compelling investment for those seeking a top altcoin with real-world use cases. You might also like: SOL deposit raises questions; enthusiasm swells for Arweave, Rebel Satoshi  Cardano’s measured approach ignites price optimism Cardano, another contender for the best cryptocurrency title, has been steadily climbing the charts, recently surpassing a key psychological benchmark. Cardano’s ADA token broke through the $0.70 mark for the first time since May 2022, signaling a potential shift in momentum. This price jump has ignited a wave of optimism among investors, with some analysts predicting a full-fledged uptrend that could propel ADA toward its all-time high of $3.60. Technical analysis by crypto experts like Trend Rider adds fuel to the fire. Trend Rider identified patterns in ADA’s indicators that mimic the behavior preceding Cardano’s epic rally from $0.10 to $3.60. With Bitcoin, the undisputed king of crypto, potentially nearing its peak, analysts believe the stage is set for ADA to close the gap and surge toward its former glory. Rebel Satoshi emerges as new memecoin contender  While Solana and Cardano are established players, a new challenger has emerged in the form of Rebel Satoshi. This community-driven memecoin aims to embody the spirit of rebellion, fostering a decentralized space built on unity and resistance. But Rebel Satoshi isn’t just about internet jokes and viral trends. The project boasts a well-defined two-token system designed to create a resilient and sustainable economic model. You might also like: Rebel Satoshi’s RECQ presents a unique entry as Solana, Jupiter, holds strong Dual tokens power Rebel Satoshi ecosystem At the heart of the Rebel Satoshi ecosystem lies RBLZ, the governance and membership token. Ownership of RBLZ grants access to exclusive content, voting rights, and staking rewards, making it a valuable asset for dedicated community members. This token is seen as a long-term investment, akin to digital gold within the Rebel Satoshi universe. The utility token RECQ fuels everyday transactions within the ecosystem. Currently in its presale phase, RECQ offers a compelling entry point for investors looking to capitalize on the project’s potential. This token will be used for in-game purchases, fees, and rewards within the upcoming Rebel Satoshi Arcade, a suite of play-to-earn games. With over 242 million RECQ tokens already sold in the early bird stage, the presale has garnered significant interest, suggesting strong community backing. Coinlist listing hints at broader recognition for Rebel Satoshi While not yet confirmed, whispers of a potential listing on Coinlist, a reputable cryptocurrency exchange platform known for its stringent listing requirements, have sent ripples of excitement through the Rebel Satoshi community. A listing on Coinlist would be a major validation for the project, potentially attracting a wider audience and accelerating its growth trajectory. You might also like: Rebel Satoshi’s new token shines amid upswing on Avalanche, Aptos Conclusion The cryptocurrency market is brimming with opportunities, and these three projects offer distinct investment propositions. Solana is a technological powerhouse redefining scalability, Cardano is a measured player on the cusp of a potential price explosion, and Rebel Satoshi is a captivating newcomer with a unique dual-token system and a passionate community. As the bullish trend continues, these three currencies will surely be at the forefront of investor conversations. To learn more about the project, visit the official Rebel Satoshi website or contact Rebel Red via Telegram. Read more: Bonk’s value drops, investors eye Rebel Satoshi’s new token, RECQ Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

SOL, ADA Lead Market Surge; Rebel Satoshi Captivates Investors

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As Solana (SOL) and Cardano (ADA) continue to impress with technological advancements and market milestones, Rebel Satoshi emerges as a compelling new memecoin contender, captivating investors with its dual-token system and community-driven ethos.

The cryptocurrency market is a thrilling rollercoaster ride filled with heart-stopping dips and exhilarating surges. The ride has been pointing upwards lately, with top crypto coins experiencing bullish trends that have investors glued to their screens. In this dynamic landscape, three cryptocurrencies are making serious waves: Solana, Cardano, and the intriguing newcomer, Rebel Satoshi.

You might also like: Rebel Satoshi’s RECQ ‘moons’ as Solana outshines Ethereum 

Solana shines with speed and scalability

Solana has emerged as a frontrunner in the race for the best cryptocurrency, capturing the attention of investors with its lightning-fast transaction speeds and minuscule fees. Unlike some of its competitors that struggle to handle high volumes, Solana boasts a robust technological infrastructure that allows it to process thousands of transactions per second. This scalability is a game-changer, addressing a major hurdle that has plagued cryptocurrencies for years.

Solana’s impressive tech stack isn’t the only factor propelling it forward. The platform has witnessed a thriving ecosystem bloom around it. A multitude of decentralized applications (dApps) have been built on Solana, creating a valuable utility that transcends mere speculation. This burgeoning ecosystem fuels the overall value proposition of Solana, making it a compelling investment for those seeking a top altcoin with real-world use cases.

You might also like: SOL deposit raises questions; enthusiasm swells for Arweave, Rebel Satoshi 

Cardano’s measured approach ignites price optimism

Cardano, another contender for the best cryptocurrency title, has been steadily climbing the charts, recently surpassing a key psychological benchmark. Cardano’s ADA token broke through the $0.70 mark for the first time since May 2022, signaling a potential shift in momentum. This price jump has ignited a wave of optimism among investors, with some analysts predicting a full-fledged uptrend that could propel ADA toward its all-time high of $3.60.

Technical analysis by crypto experts like Trend Rider adds fuel to the fire. Trend Rider identified patterns in ADA’s indicators that mimic the behavior preceding Cardano’s epic rally from $0.10 to $3.60. With Bitcoin, the undisputed king of crypto, potentially nearing its peak, analysts believe the stage is set for ADA to close the gap and surge toward its former glory.

Rebel Satoshi emerges as new memecoin contender 

While Solana and Cardano are established players, a new challenger has emerged in the form of Rebel Satoshi. This community-driven memecoin aims to embody the spirit of rebellion, fostering a decentralized space built on unity and resistance. But Rebel Satoshi isn’t just about internet jokes and viral trends. The project boasts a well-defined two-token system designed to create a resilient and sustainable economic model.

You might also like: Rebel Satoshi’s RECQ presents a unique entry as Solana, Jupiter, holds strong

Dual tokens power Rebel Satoshi ecosystem

At the heart of the Rebel Satoshi ecosystem lies RBLZ, the governance and membership token. Ownership of RBLZ grants access to exclusive content, voting rights, and staking rewards, making it a valuable asset for dedicated community members. This token is seen as a long-term investment, akin to digital gold within the Rebel Satoshi universe.

The utility token RECQ fuels everyday transactions within the ecosystem. Currently in its presale phase, RECQ offers a compelling entry point for investors looking to capitalize on the project’s potential. This token will be used for in-game purchases, fees, and rewards within the upcoming Rebel Satoshi Arcade, a suite of play-to-earn games. With over 242 million RECQ tokens already sold in the early bird stage, the presale has garnered significant interest, suggesting strong community backing.

Coinlist listing hints at broader recognition for Rebel Satoshi

While not yet confirmed, whispers of a potential listing on Coinlist, a reputable cryptocurrency exchange platform known for its stringent listing requirements, have sent ripples of excitement through the Rebel Satoshi community. A listing on Coinlist would be a major validation for the project, potentially attracting a wider audience and accelerating its growth trajectory.

You might also like: Rebel Satoshi’s new token shines amid upswing on Avalanche, Aptos

Conclusion

The cryptocurrency market is brimming with opportunities, and these three projects offer distinct investment propositions. Solana is a technological powerhouse redefining scalability, Cardano is a measured player on the cusp of a potential price explosion, and Rebel Satoshi is a captivating newcomer with a unique dual-token system and a passionate community. As the bullish trend continues, these three currencies will surely be at the forefront of investor conversations.

To learn more about the project, visit the official Rebel Satoshi website or contact Rebel Red via Telegram.

Read more: Bonk’s value drops, investors eye Rebel Satoshi’s new token, RECQ

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
GateToken Surges 28% Reaching 16-month HighGateToken (GT), the native token of GateChain which was founded by Gate.io, has reached the leading 100 cryptos as its market cap surpassed the $1 billion mark. GT is up by 28.3% in the past 24 hours and is trading at $11 at the time of writing — a level not seen since May 2021. The asset’s market cap is currently sitting at $1.05 billion, making it the 96th-largest cryptocurrency. GT price, RSI and amount of holders – March 28 | Source: Santiment Moreover, the daily trading volume of GateToken also recorded a 180% rally, reaching $50 million. According to data provided by Santiment, the total amount of GT holders has reached 3,427 unique addresses. Per the data provider, it’s the first time since November 2022 that the GT holders surpass that 3,000 wallet mark. You might also like: Court rejects SEC claim that Coinbase Wallet is unregistered broker On the other hand, data from the market intelligence platform shows that GateToken’s Relative Strength Index (RSI) increased from 70 to 75 over the past 24 hours. This shows that the asset is overheated and there’s a possibility of big whales taking profit due to the low number of holders. For GT to stay in the bullish zone, its RSI would need to cool down below the 50 mark. According to data from CoinMarketCap (CMC), Gate.io has witnessed a slight increase in its daily trading volume, reaching almost $3 billion. Data shows that Gate.io’s total assets are worth $5.27 billion at the time of writing. Notably, GT has the major stake in the exchange’s asset, around 20% which is worth $1.05 billion.  Bitcoin (BTC) is the second-largest asset in Gate.io’s portfolio, worth $1.04 billion. Read more: Fidelity files S-1 for Ethereum ETF

GateToken Surges 28% Reaching 16-month High

GateToken (GT), the native token of GateChain which was founded by Gate.io, has reached the leading 100 cryptos as its market cap surpassed the $1 billion mark.

GT is up by 28.3% in the past 24 hours and is trading at $11 at the time of writing — a level not seen since May 2021. The asset’s market cap is currently sitting at $1.05 billion, making it the 96th-largest cryptocurrency.

GT price, RSI and amount of holders – March 28 | Source: Santiment

Moreover, the daily trading volume of GateToken also recorded a 180% rally, reaching $50 million.

According to data provided by Santiment, the total amount of GT holders has reached 3,427 unique addresses. Per the data provider, it’s the first time since November 2022 that the GT holders surpass that 3,000 wallet mark.

You might also like: Court rejects SEC claim that Coinbase Wallet is unregistered broker

On the other hand, data from the market intelligence platform shows that GateToken’s Relative Strength Index (RSI) increased from 70 to 75 over the past 24 hours. This shows that the asset is overheated and there’s a possibility of big whales taking profit due to the low number of holders.

For GT to stay in the bullish zone, its RSI would need to cool down below the 50 mark.

According to data from CoinMarketCap (CMC), Gate.io has witnessed a slight increase in its daily trading volume, reaching almost $3 billion.

Data shows that Gate.io’s total assets are worth $5.27 billion at the time of writing. Notably, GT has the major stake in the exchange’s asset, around 20% which is worth $1.05 billion. 

Bitcoin (BTC) is the second-largest asset in Gate.io’s portfolio, worth $1.04 billion.

Read more: Fidelity files S-1 for Ethereum ETF
GFOX Eyes $6 Million Target As ICP Gets SteamyDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.  Galaxy Fox (GFOX) is aiming for the $6 million target in its ongoing presale, as Internet Computer (ICP) eyes the $25 mark.  While the overall altcoin market still lags behind BTC gains, a few select alts are absolutely ripping following Bitcoin’s (BTC) reversal. With less than a month until the halving, the window to scoop up altcoins is closing. This cycle has still yet to see a full-blown altcoin season, and investors simply aren’t ready for what’s coming.The current macro events hitlist is massive: BTC halving, rotating into Ethereum (ETH) ETFs, and the inevitable liquidity spillover into altcoins. Galaxy Fox eyes an insane $6 million target, and investors are spoilt for choice regarding 10X opportunities in the coming months.  Internet Computer (ICP) $25 incoming?  Internet Computer has been moving aggressively as it smashed through resistance and is now tapping on the $20 level, with $25 coming in fast. This protocol is ambitious even in crypto and is a fully decentralized alternative to the existing Web2 stack. Internet Computer is a decentralized infrastructure that allows hosting applications and content fully on-chain. You might also like: 3.7 trillion SHIB swap hands as investors flock to GFOX presale The DePIN narrative has played a role in ICP’s gains as investors awaken to the idea of leveraging blockchain systems for fundamental daily use cases. Imagine the next iteration of the internet without any centralized services like AWS, and instead, everything operates on blockchain rails. This is the future that Internet Computer aims for.Internet Computer’s native token, ICP, is the medium of exchange. Used to pay for services, and anyone bullish on increased adoption of this new tech stack has been loading up explaining the recent move upwards. What cryptos to buy now before the altcoin season begins? ICP and GFOX are great choices.  Galaxy Fox eyes insane $6 million target  Galaxy Fox eyes an insane $6 million target, and judging from its current trajectory, it will shatter this level later this month. This next-generation meme coin is shaking things up, and instead of a single-dimensional upside, this protocol offers earning, upside, and entertainment under one roof.Blending the memecoin and play-to-earn genres has been the secret to GFOX’s early success. Its play-to-earn game allows players to compete globally, and those skilled enough earn part of the prize pool at the end of the season. NFT functionality adds a new layer to this competition, with NFT holders unlocking in-game perks. These digital collectibles are even tradeable on Galaxy Fox’s secondary marketplace, and smart traders have almost unlimited options in this ecosystem. You might also like: Solana NFT sensation nets $10M, GFOX becomes presale outlier The token burn is a classic addition to the meme coin genre, but Galaxy Fox upgrades the prototypical model into something more exciting. Staking rewards allow holders to start earning, and it is one of the only protocols that allows for native yield on a deflationary asset. Galaxy Fox has enabled this via its taxation system, which means payouts without inflationary emissions.Price predictions already forecast this $5 million market cap to transform into a hundred million dollar protocol within several weeks of launch. A meme coin presale occurring before altcoin season and the second leg of meme mania begins is easily a top crypto to invest in.  Altcoin season is coming, meaning undervalued alts are the best answer to what cryptos to buy now. The stage where things start to get silly is arriving, and investors who have yet to experience a cycle need to strap in for what comes next.  To learn more about this project, visit the Galaxy Fox presale or Join the community Read more: GFOX presale aims at $6m, as SLERF’s $10m disaster draws reactions Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

GFOX Eyes $6 Million Target As ICP Gets Steamy

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

 Galaxy Fox (GFOX) is aiming for the $6 million target in its ongoing presale, as Internet Computer (ICP) eyes the $25 mark. 

While the overall altcoin market still lags behind BTC gains, a few select alts are absolutely ripping following Bitcoin’s (BTC) reversal. With less than a month until the halving, the window to scoop up altcoins is closing. This cycle has still yet to see a full-blown altcoin season, and investors simply aren’t ready for what’s coming.The current macro events hitlist is massive: BTC halving, rotating into Ethereum (ETH) ETFs, and the inevitable liquidity spillover into altcoins. Galaxy Fox eyes an insane $6 million target, and investors are spoilt for choice regarding 10X opportunities in the coming months. 

Internet Computer (ICP) $25 incoming? 

Internet Computer has been moving aggressively as it smashed through resistance and is now tapping on the $20 level, with $25 coming in fast. This protocol is ambitious even in crypto and is a fully decentralized alternative to the existing Web2 stack. Internet Computer is a decentralized infrastructure that allows hosting applications and content fully on-chain.

You might also like: 3.7 trillion SHIB swap hands as investors flock to GFOX presale

The DePIN narrative has played a role in ICP’s gains as investors awaken to the idea of leveraging blockchain systems for fundamental daily use cases. Imagine the next iteration of the internet without any centralized services like AWS, and instead, everything operates on blockchain rails. This is the future that Internet Computer aims for.Internet Computer’s native token, ICP, is the medium of exchange. Used to pay for services, and anyone bullish on increased adoption of this new tech stack has been loading up explaining the recent move upwards. What cryptos to buy now before the altcoin season begins? ICP and GFOX are great choices. 

Galaxy Fox eyes insane $6 million target 

Galaxy Fox eyes an insane $6 million target, and judging from its current trajectory, it will shatter this level later this month. This next-generation meme coin is shaking things up, and instead of a single-dimensional upside, this protocol offers earning, upside, and entertainment under one roof.Blending the memecoin and play-to-earn genres has been the secret to GFOX’s early success. Its play-to-earn game allows players to compete globally, and those skilled enough earn part of the prize pool at the end of the season. NFT functionality adds a new layer to this competition, with NFT holders unlocking in-game perks. These digital collectibles are even tradeable on Galaxy Fox’s secondary marketplace, and smart traders have almost unlimited options in this ecosystem.

You might also like: Solana NFT sensation nets $10M, GFOX becomes presale outlier

The token burn is a classic addition to the meme coin genre, but Galaxy Fox upgrades the prototypical model into something more exciting. Staking rewards allow holders to start earning, and it is one of the only protocols that allows for native yield on a deflationary asset. Galaxy Fox has enabled this via its taxation system, which means payouts without inflationary emissions.Price predictions already forecast this $5 million market cap to transform into a hundred million dollar protocol within several weeks of launch. A meme coin presale occurring before altcoin season and the second leg of meme mania begins is easily a top crypto to invest in. 

Altcoin season is coming, meaning undervalued alts are the best answer to what cryptos to buy now. The stage where things start to get silly is arriving, and investors who have yet to experience a cycle need to strap in for what comes next. 

To learn more about this project, visit the Galaxy Fox presale or Join the community

Read more: GFOX presale aims at $6m, as SLERF’s $10m disaster draws reactions

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
OFAC Targets Telegram-based News Outlet Gaza Now That Raised $4.5m in Crypto to Fund HamasOFAC designated social media news outlet Gaza Now and its founder Mustafa Ayash for crypto fundraising efforts aimed at supporting Hamas. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) alongside the U.K.’s Office of Foreign Sanctions Implementation (OFSI) jointly designated two individuals and three entities as key financial donors involved in crypto fundraising for Hamas, a Palestinian Sunni Islamist political and military movement designated as a foreign terrorist organization. In a press release on Mar. 27, OFAC announced sanctions against Gaza Now, which operates on platforms such as Telegram, Instagram, and X, for its role in “fundraising efforts to support Hamas” following the October 2023 terrorist attack carried out by Hamas against Israel. “Treasury remains committed to degrading Hamas’ ability to finance its terrorist activities, including through online fundraising campaigns that seek to funnel money directly to the group.” Brian Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence According to OFAC, following the October 2023 terrorist attack, Gaza Now began a fundraising effort in support of Hamas. Gaza Now-linked crypto addresses and inflows from an Iranian exchange as well as other entities | Source: Chainalysis You might also like: OFAC targets Hezbollah-linked crypto financier to disrupt Iran’s terror funding Data revealed by blockchain forensics firm Chainalysis shows that OFAC has sanctioned a few crypto addresses controlled by the media outlet, which have been used in crypto donation campaigns. In total, those addresses have received nearly $4.5 million in crypto from mixers, smart contracts, and “primarily from mainstream exchanges.” “Gaza Now makes no secret of its support for terrorist organizations. In the screenshot of its Telegram channel below, for instance, the outlet expresses praise for the Hamas-aligned Al-Aqsa Martyrs’ Brigades.” Chainalysis The analytics firm noted that Gaza Now frequently changed crypto addresses due to increased scrutiny following the attacks and the channel’s growing number of followers. The news outlet regularly posted and then deleted donation requests, switching between various cryptocurrencies as part of these efforts, Chainalysis added. The latest move by OFAC represents another effort to disrupt Hamas’ operational capabilities in the wake of the October 2023 terrorist attack, which saw hundreds of Hamas militants invading Israel and launching thousands of rockets, ranking by the Center for Strategic and International Studies as the third-deadliest terrorist attack since 1970, trailing only behind the 9/11 attacks. Read more: OFAC sanctions Russian providers of digital financial assets

OFAC Targets Telegram-based News Outlet Gaza Now That Raised $4.5m in Crypto to Fund Hamas

OFAC designated social media news outlet Gaza Now and its founder Mustafa Ayash for crypto fundraising efforts aimed at supporting Hamas.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) alongside the U.K.’s Office of Foreign Sanctions Implementation (OFSI) jointly designated two individuals and three entities as key financial donors involved in crypto fundraising for Hamas, a Palestinian Sunni Islamist political and military movement designated as a foreign terrorist organization.

In a press release on Mar. 27, OFAC announced sanctions against Gaza Now, which operates on platforms such as Telegram, Instagram, and X, for its role in “fundraising efforts to support Hamas” following the October 2023 terrorist attack carried out by Hamas against Israel.

“Treasury remains committed to degrading Hamas’ ability to finance its terrorist activities, including through online fundraising campaigns that seek to funnel money directly to the group.”

Brian Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence

According to OFAC, following the October 2023 terrorist attack, Gaza Now began a fundraising effort in support of Hamas.

Gaza Now-linked crypto addresses and inflows from an Iranian exchange as well as other entities | Source: Chainalysis

You might also like: OFAC targets Hezbollah-linked crypto financier to disrupt Iran’s terror funding

Data revealed by blockchain forensics firm Chainalysis shows that OFAC has sanctioned a few crypto addresses controlled by the media outlet, which have been used in crypto donation campaigns. In total, those addresses have received nearly $4.5 million in crypto from mixers, smart contracts, and “primarily from mainstream exchanges.”

“Gaza Now makes no secret of its support for terrorist organizations. In the screenshot of its Telegram channel below, for instance, the outlet expresses praise for the Hamas-aligned Al-Aqsa Martyrs’ Brigades.”

Chainalysis

The analytics firm noted that Gaza Now frequently changed crypto addresses due to increased scrutiny following the attacks and the channel’s growing number of followers. The news outlet regularly posted and then deleted donation requests, switching between various cryptocurrencies as part of these efforts, Chainalysis added.

The latest move by OFAC represents another effort to disrupt Hamas’ operational capabilities in the wake of the October 2023 terrorist attack, which saw hundreds of Hamas militants invading Israel and launching thousands of rockets, ranking by the Center for Strategic and International Studies as the third-deadliest terrorist attack since 1970, trailing only behind the 9/11 attacks.

Read more: OFAC sanctions Russian providers of digital financial assets
Exchanges Warm Up to Shiba Inu, As Polkadot AI Rival Lures Investor FocusDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. InQubeta (QUBE), a new AI project is capturing investor attention, as Shiba Inu continues to see increasing interest. Industry experts have unveiled the increasing interest in Shiba Inu (SHIB) by cryptocurrency exchanges. This reflects the growing fascination with digital currencies and the unique appeal of this altcoin within the crypto community. In line with this excitement, a new AI-crypto, InQubeta (QUBE), has challenged the dominance of Polkadot (DOT) as it captures investors’ attention in its space.   This top crypto coin introduces a crowdfunding platform that enables users to invest in advancing artificial intelligence (AI) technology. Through its widespread adoption, the presale has reached its ninth stage. With over $12.4 million raised in this stage.  You might also like: Bitcoin EFTS to beat gold, Shiba Inu tops, InQubeta gears up for launch InQubeta (QUBE): Enhancing DeFi with AI Thanks to its impressive presale, InQubeta has challenged the achievements of significant cryptocurrencies like Polkadot. Analysts have identified a shift of attention to this AI crypto as the presale transits rapidly to stage 9, a 300% growth from the Beta phase. With QUBE’s staged approach plus a discounted rate of $0.028, its holders stand a better chance of enjoying massive growth, even if they have little income.  Investors looking for innovative projects in 2024 have been drawn to QUBE’s fractional investment strategy. The system mints massive assets into trending NFTs. This technology makes the platform accessible to a more extensive user base, as one can invest regardless of budget. Token holders ge­t part ownership in the most promising worldwide AI companie­s through this system.   Another outstanding feature fueling this widespread adoption is the nature of its native currency, QUBE. As a gove­rnance token, this top crypto coin lets stakeholders get involve­d in decisions about it. They can propose ide­as, discuss them, and vote on things relate­d to the platform’s developme­nt and features. Through this democratic setting, QUBE ranks among the best altcoins with numerous opportunities, as it threatens the achievements of many prominent altcoins in the space.  You might also like: Rising trends in altcoins: Ripple, Cardano, and InQubeta highlight Shiba Inu (SHIB): Coincheck partnership signals mainstream integration Coincheck, recognized for its solid liquidity and steadfast adherence to regulations, enthusiastically welcomes the Shiba Inu community. This development represents a critical turning point from viral meme to mainstream acceptance. Coincheck intends to include SHIB in its NFT marketplace, so this listing goes beyond just buying and selling the coin.  With this action, Shiba Inu has become a token with practical uses rather than only a speculative asset. Significant exchanges like SBI VC Trade, OKCoin Japan, and BitPoint have also welcomed SHIB, demonstrating its global popularity. With this update,  SHIB has risen as a promising meme coin in the market.   Polkadot (DOT): Unveiling decline through price analysis Market volatility has negatively impacted Polkadot, as it has maintained a bearish trend for the past few months. This situation has built negative sentiment among its holders, undermining their expectations. Industry experts analyzing DOT’s price action find that the altcoin is filling up a triangle as it consolidates below a descending trendline.  The odds are stacked against the upside as the Relative Strength Index (RSI) is declining, indicating a decline in momentum. Additionally, Santiment data showcases a drop in social dominance across crypto-related social media. As a result of this unfavourable scenario and analysis, numerous DOT users have turned to more promising altcoins with significant growth potential in 2024. You might also like: Klaytn and Finschia merge; BNB targets $400 as InQubeta presale approaches $10m Exciting times lie ahead in the crypto market! While exchange­s welcome Shiba Inu, the rise­ of InQubeta poses a challenge­ to Polkadot’s supremacy, offering investors dive­rse avenues. With its outstanding e­xpansion, trending NFTs, and robust governance structure, QUBE firmly e­stablished itself as a significant player, pre­senting abundant prospects. To learn more about this project, visit the InQubeta presale Or Join InQubeta Communities Read more: Investors eye XRP, DOGE, and InQubeta as Bitcoin halving nears Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Exchanges Warm Up to Shiba Inu, As Polkadot AI Rival Lures Investor Focus

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

InQubeta (QUBE), a new AI project is capturing investor attention, as Shiba Inu continues to see increasing interest.

Industry experts have unveiled the increasing interest in Shiba Inu (SHIB) by cryptocurrency exchanges. This reflects the growing fascination with digital currencies and the unique appeal of this altcoin within the crypto community. In line with this excitement, a new AI-crypto, InQubeta (QUBE), has challenged the dominance of Polkadot (DOT) as it captures investors’ attention in its space.  

This top crypto coin introduces a crowdfunding platform that enables users to invest in advancing artificial intelligence (AI) technology. Through its widespread adoption, the presale has reached its ninth stage. With over $12.4 million raised in this stage. 

You might also like: Bitcoin EFTS to beat gold, Shiba Inu tops, InQubeta gears up for launch

InQubeta (QUBE): Enhancing DeFi with AI

Thanks to its impressive presale, InQubeta has challenged the achievements of significant cryptocurrencies like Polkadot. Analysts have identified a shift of attention to this AI crypto as the presale transits rapidly to stage 9, a 300% growth from the Beta phase. With QUBE’s staged approach plus a discounted rate of $0.028, its holders stand a better chance of enjoying massive growth, even if they have little income. 

Investors looking for innovative projects in 2024 have been drawn to QUBE’s fractional investment strategy. The system mints massive assets into trending NFTs. This technology makes the platform accessible to a more extensive user base, as one can invest regardless of budget. Token holders ge­t part ownership in the most promising worldwide AI companie­s through this system.  

Another outstanding feature fueling this widespread adoption is the nature of its native currency, QUBE. As a gove­rnance token, this top crypto coin lets stakeholders get involve­d in decisions about it. They can propose ide­as, discuss them, and vote on things relate­d to the platform’s developme­nt and features. Through this democratic setting, QUBE ranks among the best altcoins with numerous opportunities, as it threatens the achievements of many prominent altcoins in the space. 

You might also like: Rising trends in altcoins: Ripple, Cardano, and InQubeta highlight

Shiba Inu (SHIB): Coincheck partnership signals mainstream integration

Coincheck, recognized for its solid liquidity and steadfast adherence to regulations, enthusiastically welcomes the Shiba Inu community. This development represents a critical turning point from viral meme to mainstream acceptance. Coincheck intends to include SHIB in its NFT marketplace, so this listing goes beyond just buying and selling the coin. 

With this action, Shiba Inu has become a token with practical uses rather than only a speculative asset. Significant exchanges like SBI VC Trade, OKCoin Japan, and BitPoint have also welcomed SHIB, demonstrating its global popularity. With this update,  SHIB has risen as a promising meme coin in the market.  

Polkadot (DOT): Unveiling decline through price analysis

Market volatility has negatively impacted Polkadot, as it has maintained a bearish trend for the past few months. This situation has built negative sentiment among its holders, undermining their expectations. Industry experts analyzing DOT’s price action find that the altcoin is filling up a triangle as it consolidates below a descending trendline. 

The odds are stacked against the upside as the Relative Strength Index (RSI) is declining, indicating a decline in momentum. Additionally, Santiment data showcases a drop in social dominance across crypto-related social media. As a result of this unfavourable scenario and analysis, numerous DOT users have turned to more promising altcoins with significant growth potential in 2024.

You might also like: Klaytn and Finschia merge; BNB targets $400 as InQubeta presale approaches $10m

Exciting times lie ahead in the crypto market! While exchange­s welcome Shiba Inu, the rise­ of InQubeta poses a challenge­ to Polkadot’s supremacy, offering investors dive­rse avenues. With its outstanding e­xpansion, trending NFTs, and robust governance structure, QUBE firmly e­stablished itself as a significant player, pre­senting abundant prospects.

To learn more about this project, visit the InQubeta presale Or Join InQubeta Communities

Read more: Investors eye XRP, DOGE, and InQubeta as Bitcoin halving nears

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DOJ Submits 52 Victim Statements Ahead of Sam Bankman-Fried SentencingThe U.S. DOJ has submitted 52 victims’ statements to the Attorney’s Office, as Sam Bankman-Fried is scheduled for sentencing on Thursday.  The statements revealed the emotional and financial distress of numerous victims. A former member of the Unsecured Creditors Committee (UCC) discloses a personal claim of $4 million. FTX’s collapse took all of the victim’s life savings and forced his resignation due to his inability to sustain a no-income period. The former UCC member expresses a loss beyond finances, describing that the incident had forced him into critical depression. The victim details how FTX’s collapse disrupted his home life, negatively impacting his marital bond and lifestyle. He argues for valuing assets based on their worth today, not just their value at the time of FTX’s bankruptcy filing. DOJ has submitted further 52 Victim statements Well done to everyoneCommon threadSullivan Cromwell lies to CFTCSullivan Cromwell knew about Alameda backdoorWe are not whole at petition date prices (debtor lies)Debtors ignoring property rights of customersPetition date… pic.twitter.com/CDcy70Nl3v — Sunil (FTX Creditor Champion) (@sunil_trades) March 27, 2024 You might also like: FTX saga: what happened to FTX and Sam Bankman-Fried in 2023 A Spanish investor describes the betrayal felt after investing savings with dreams of entrepreneurship. FTX’s high-profile advertising drew in this victim, but ultimately, the collapse shattered his plans for a future business.  An Italian victim went through her ‘worst nightmare,’ as she previously held funds in Celsius. She moved her funds to FTX, considering the exchange a safer choice. Following the collapse, she went into severe mental trauma, which ultimately impacted her marriage life. She calls for compensation based on current market values and criticizes the legal proceedings for insufficiently addressing victims’ needs. The victim statements reveal the depth of emotional and mental impact caused by Sam Bankman-Fried, with each statement reflecting on how the incident drove them into depression and affected their family lives.  However, there might be some relief for the victims, as the exchange recently sold its shares in AI firm Anthropic for $884 million. For now, the victims expect Judge Lewis Kaplan to consider their stories when sentencing Sam Bankman-Fried and the Federal Court to reconsider their approach to reimbursement.  Read more: Court rejects SEC claim that Coinbase Wallet is unregistered broker

DOJ Submits 52 Victim Statements Ahead of Sam Bankman-Fried Sentencing

The U.S. DOJ has submitted 52 victims’ statements to the Attorney’s Office, as Sam Bankman-Fried is scheduled for sentencing on Thursday. 

The statements revealed the emotional and financial distress of numerous victims. A former member of the Unsecured Creditors Committee (UCC) discloses a personal claim of $4 million.

FTX’s collapse took all of the victim’s life savings and forced his resignation due to his inability to sustain a no-income period. The former UCC member expresses a loss beyond finances, describing that the incident had forced him into critical depression.

The victim details how FTX’s collapse disrupted his home life, negatively impacting his marital bond and lifestyle. He argues for valuing assets based on their worth today, not just their value at the time of FTX’s bankruptcy filing.

DOJ has submitted further 52 Victim statements Well done to everyoneCommon threadSullivan Cromwell lies to CFTCSullivan Cromwell knew about Alameda backdoorWe are not whole at petition date prices (debtor lies)Debtors ignoring property rights of customersPetition date… pic.twitter.com/CDcy70Nl3v

— Sunil (FTX Creditor Champion) (@sunil_trades) March 27, 2024

You might also like: FTX saga: what happened to FTX and Sam Bankman-Fried in 2023

A Spanish investor describes the betrayal felt after investing savings with dreams of entrepreneurship. FTX’s high-profile advertising drew in this victim, but ultimately, the collapse shattered his plans for a future business. 

An Italian victim went through her ‘worst nightmare,’ as she previously held funds in Celsius. She moved her funds to FTX, considering the exchange a safer choice. Following the collapse, she went into severe mental trauma, which ultimately impacted her marriage life. She calls for compensation based on current market values and criticizes the legal proceedings for insufficiently addressing victims’ needs.

The victim statements reveal the depth of emotional and mental impact caused by Sam Bankman-Fried, with each statement reflecting on how the incident drove them into depression and affected their family lives. 

However, there might be some relief for the victims, as the exchange recently sold its shares in AI firm Anthropic for $884 million. For now, the victims expect Judge Lewis Kaplan to consider their stories when sentencing Sam Bankman-Fried and the Federal Court to reconsider their approach to reimbursement. 

Read more: Court rejects SEC claim that Coinbase Wallet is unregistered broker
Bitcoin Falls Below $70k Following Coinbase, SEC Court RulingBitcoin momentum has dwindled, and trades have returned to under $70,000, likely due to the Coinbase and SEC trials. Bitcoin (BTC) and the crypto market had high hopes earlier this week, but the upward trajectory has now halted and receded. At the time of writing, BTC is currently trading at $68,600. Meme coins, which have somewhat fueled this price rise, have also seemed to have died down, although trading volume on Solana and Base has been hitting all-time highs. Despite the price drop, analysts and notable figures still have high hopes and are very optimistic about Bitcoin’s price reaching over $100,000. 24-hour chart of BTC from CoinMarketCap You might also like: Solana’s Jupiter DEX launches native DAO, secures $137m in initial capital Court rules in favor of Coinbase over SEC The price correction presumably occurred after the court announced that it rejected the SEC’s claim of Coinbase Wallet being an unregistered broker. The U.S. District Court for the Southern District of New York also denied the request to close Coinbase’s staking program. Judge Katherine Polk Failla ruled that Coinbase engaged in the sale of securities, contrary to the SEC‘s allegations. The court partially granted Coinbase’s motion to dismiss the lawsuit, affirming it doesn’t act as an unregistered broker by offering its Wallet application. The SEC’s lawsuit, filed on June 6, 2023, accused Coinbase of illegally combining brokerage, exchange, and clearing functions. It also targeted Coinbase Earn’s staking program, alleging a lack of customer protections due to unregistration. Read more: Bitcoin’s move to new highs paused due to intense profit taking; expert says it’s ‘perfectly normal’

Bitcoin Falls Below $70k Following Coinbase, SEC Court Ruling

Bitcoin momentum has dwindled, and trades have returned to under $70,000, likely due to the Coinbase and SEC trials.

Bitcoin (BTC) and the crypto market had high hopes earlier this week, but the upward trajectory has now halted and receded. At the time of writing, BTC is currently trading at $68,600.

Meme coins, which have somewhat fueled this price rise, have also seemed to have died down, although trading volume on Solana and Base has been hitting all-time highs.

Despite the price drop, analysts and notable figures still have high hopes and are very optimistic about Bitcoin’s price reaching over $100,000.

24-hour chart of BTC from CoinMarketCap

You might also like: Solana’s Jupiter DEX launches native DAO, secures $137m in initial capital

Court rules in favor of Coinbase over SEC

The price correction presumably occurred after the court announced that it rejected the SEC’s claim of Coinbase Wallet being an unregistered broker. The U.S. District Court for the Southern District of New York also denied the request to close Coinbase’s staking program.

Judge Katherine Polk Failla ruled that Coinbase engaged in the sale of securities, contrary to the SEC‘s allegations. The court partially granted Coinbase’s motion to dismiss the lawsuit, affirming it doesn’t act as an unregistered broker by offering its Wallet application.

The SEC’s lawsuit, filed on June 6, 2023, accused Coinbase of illegally combining brokerage, exchange, and clearing functions. It also targeted Coinbase Earn’s staking program, alleging a lack of customer protections due to unregistration.

Read more: Bitcoin’s move to new highs paused due to intense profit taking; expert says it’s ‘perfectly normal’

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