Bitdeer has announced the acquisition of Desiweminer, a fabless crypto ASIC design firm, in an all-stock deal that is primarily worth $140m. Crucially, Bitdeer is a technology company specializing in blockchain and high-performance computing, which is headed by Jihan Wu. Earlier this month, Bitdeer raised $150 million in funding from Tether, a firm that specializes in stablecoins.

Bitdeer is excited to announce its strategic acquisition of Desiweminer. Its proprietary technologies and intellectual property complement our capabilities and will accelerate our time to market.Read the full news release here: https://t.co/5Gad8s9oCd$BTDR $BTC #Bitcoin… pic.twitter.com/cb3S24wTNS

— Bitdeer (@BitdeerOfficial) June 6, 2024

Bitdeer to Acquire Desiweminer for 20 Million Shares

Desiweminer signed a share purchase agreement with Bitdeer on June 3, 2024. Under the terms of the deal, all of the issued and outstanding shares of Desiweminer will be purchased by Bitdeer for 20 million Bitdeer Class A ordinary shares.

Some of these shares will be exercisable in equal amounts over a period of five to seven years, depending on some factors. Also, some of the shares issued to certain sellers are restricted from sale for six months from the closing of the transaction. In addition to this, other shares are restricted from sale for twelve months from the closing of the transaction.

This strategic acquisition came after Bitdeer undertook ten-month due diligence of Desiweminer’s technology, engineering talent, and sourcing network. Desiweminer’s proprietary chips are also compatible with these and other complex semiconductor processes at 4nm and below, aligning well with Bitdeer’s own chip designs. This step will bring Desiweminer’s team into Bitdeer’s ASIC design team located in Singapore, strengthening their team. New products with these integrated technologies could be launched shortly.

Bitdeer Aims to Redefine ASIC Market with Desiweminer Acquisition

Linghui Kong, the Chief Business Officer of Bitdeer, was excited about the acquisition. He said that Desiweminer has already made impressive strides in ASIC design and have shown results. They currently have nearly 30,000 efficient machines in the market. Kong said that the acquisition is one of the major initiatives of Bitdeer to advance the excellence of the mining industry for the creation of shareholders’ value.

Kong also added that incorporating Desiweminer’s sophisticated technologies will complement the existing Bitdeer product offerings. They will also advance the development of new generation ASICs. These advancements are anticipated to redefine the future developments of ASIC technology and performance. Currently fronted by a leadership team with deep roots in Bitcoin, its goal is to redefine and dominate the multi-billion-dollar ASIC market in the coming years.

INTMAX, a prominent Layer 2 zkRollup platform, has announced PlasmaCon, an official event of Japan Blockchain Week. The event is scheduled for July 31st in Tokyo. PlasmaCon will bring together some of the most influential minds in the blockchain industry, including Ethereum Co-founder Vitalik Buterin, Ethereum Foundation researchers Justin Drake. Moreover, Public Works Founder and Gitcoin Co-founder Scott Moore, and Plasma researcher and INTMAX Co-founder Leona Hioki will also be attending the event.

PlasmaCon Focuses on Ethereum Scalability and Privacy Solutions

PlasmaCon will be a builder-focused event, exploring alternative methods for scaling Ethereum and enhancing privacy solutions. The event will feature discussions on scalability solutions for Ethereum, privacy enhancements, and various applications of blockchain technology. The event will be held at the United Nations University from 12:30 to 17:00 local time, following this year’s EDCON Tokyo.

PlasmaCon 2024 is particularly notable as it marks a renewed focus on Plasma technology, initially conceptualized by Joseph Poon and Vitalik Buterin in 2017. Despite being superseded by Rollups due to user experience issues, Plasma is seeing a resurgence. Vitalik Buterin recently discussed this in his blog post titled ‘Exit games for EVM validiums: the return of Plasma.’

The event will be capped at 400 attendees, who will have the opportunity to engage with over 15 experts from around the world. Participants can expect insightful discussions, Q&A sessions, and networking opportunities with industry leaders.

INTMAX Co-founder Highlights the Strength of Plasma Technology

Leona Hioki, the Co-founder of INTMAX, emphasized that Plasma technology is stronger than ever now. She noted the importance of revisiting Plasma, Statelessness, and Privacy. She highlighted that PlasmaCon has brought together influential thinkers and visionaries who have significantly impacted the tech industry and encouraged people to join the event in Tokyo on July 31st.

INTMAX is dedicated to supporting innovative builders and promoting insightful discussions within the Ethereum space. As a stateless Ethereum Layer 2 solution, INTMAX enhances scalability, privacy, and security, making it one of the most efficient native Ethereum L2 solutions available. By leveraging minimal on-chain information, INTMAX significantly reduces computational and storage overhead, fortifying censorship resistance.

In a significant move aimed at enhancing user engagement and broadening its financial ecosystem, Nereus Finance has announced the introduction of an innovative point system coupled with the launch of a new native token. 

The derivatives trading platform, which has made a name for itself in the crypto finance sphere, aims to reward active participation within its community through these new features. This initiative is part of Nereus’s broader strategy to integrate more rewarding and interactive elements into its services.

The newly introduced Nereus Point System allows users to earn points through various activities that include trading, social engagements, referrals, and general platform interaction. This system is designed not only to boost liquidity and trading activity on the platform but also to foster a stronger, more engaged community. 

The points accrued by users will subsequently qualify them for an airdrop of Nereus’s newly minted token, marking a milestone in the platform’s campaign to enhance user benefits.

Token Utilities and Rewards

Alongside its point system, Nereus is set to enrich its ecosystem with the launch of its own proprietary token. This token will play a pivotal role within the Nereus ecosystem, facilitating a range of utilities from revenue sharing and governance participation to staking rewards. 

In essence, the token is crafted to integrate the economic activities of the platform with user incentives, creating a more cohesive and mutually beneficial environment.

To kickstart the adoption and integration of the new token, Nereus has planned an airdrop event for users who actively engage with the platform’s point system. This gesture is intended to reward early adopters and the most active members of the community, underscoring the platform’s commitment to recognizing and rewarding user loyalty. 

Token holders can expect to enjoy various benefits including a share of 80% of all trading fees collected on the platform, voting rights on significant ecosystem decisions, and the opportunity to earn additional rewards through staking.

Strategic Growth and Technological Integration

Nereus Finance, a next-generation derivatives trading platform that operates on the Polygon network, has been developed under the incubation of Wirex. The platform is designed to merge the benefits of decentralized trading environments with the operational efficiencies and user experience typically found in centralized exchanges. 

This dual approach ensures that while the platform offers the security and transparency of blockchain technology, it also maintains high standards of performance and user satisfaction.

As Nereus continues to expand its offerings and capabilities, the integration of these new systems represents a strategic step towards creating a more interactive and rewarding trading environment. The introduction of the point system and native token is expected to not only enhance the platform’s functionality but also to drive greater adoption and participation in the broader DeFi ecosystem. 

By aligning user activities with tangible rewards, Nereus is setting a precedent for future innovations in the cryptocurrency trading space, paving the way for a more interconnected and user-centric financial market.

Are you looking to boost your Instagram presence quickly and effectively in 2024? With the ever-increasing competition on social media, standing out can be challenging.

How can you ensure your posts get the attention they deserve? Where can you find reliable services to buy Instagram followers, likes, and views?

If these questions resonate with you, you’re not alone. Many businesses and influencers are turning to professional services to enhance their digital influence.

In this guide, we’ll explore the top 5 online websites that can help you achieve just that. Each has been selected for its reliability, customer service, and ability to deliver genuine engagement. Let’s dive in and discover which service might be the best fit for your Instagram growth needs.

1. InsFollowPro

InsFollowPro has quickly become a leader in the Instagram growth industry by providing a range of customizable solutions.

What Makes InsFollowPro Stand Out:

This service offers an intuitive platform where users can buy Instagram likes, followers, and views tailored to their specific needs. Prices are competitive, with packages designed to suit various budgets and goals.

Customer Success Stories:

Numerous users report significant improvements in their Instagram metrics shortly after using InsFollowPro’s services.

Exclusive Offers:

New customers can enjoy additional followers on their first purchase, making it even more cost-effective to get started.

2. Statigr.am: Mastering Targeted Engagement

Known for its sophisticated analytics and targeting capabilities, Statigr.am helps users buy Instagram followers that are genuinely interested in their content.

Core Features:

Advanced filtering options allow for targeting by location, interests, and demographics, ensuring high-quality and engaged new followers.

Strategic Advantage: The targeted approach means higher engagement rates and more authentic interactions, which are crucial for long-term growth.

Customer Insights: Feedback highlights the accuracy of targeting and the quality of followers gained, making Statigr.am a favorite among niche businesses and influencers.

3. GrowthGiant: Scaling New Heights

GrowthGiant offers scalable solutions for those looking to gradually increase their Instagram visibility.

Service Highlights: With multi-tiered plans, customers can buy Instagram likes and followers incrementsp.

Comparative Pricing: Offers value with competitively priced packages, often more affordable than many other services with similar offerings.

Why Choose GrowthGiant?: Ideal for startups and small businesses looking to grow without a hefty initial investment.

4. LikeMagnet: Instant Attraction

If you need instant results, LikeMagnet delivers. Specializing in quick boosts, they provide high-quality likes and followers within minutes of purchase.

Unique Offerings: Customers can choose from a range of rapid delivery options, which are perfect for timed promotions or content that needs immediate visibility.

User Experiences: Reviews consistently praise the speed and reliability of service.

Value Proposition: Great for those who need quick results and are willing to invest in immediate engagement to maintain momentum.

5. EchoEngage: Connect and Conquer

EchoEngage is designed to enhance user engagement through comprehensive engagement strategies.

Key Services: Not only can you buy Instagram views, but you can also get customized comment and share boosts.

Success Metrics: Clients see a marked improvement in overall engagement metrics, including likes, comments, and shares.

Clientele Focus: Best suited for brands and influencers who prioritize active engagement over mere follower counts.

Conclusion

Choosing the right platform to buy Instagram followers, likes, and views can significantly impact your social media success.

The top 5 websites listed here offer various services to cater to different needs, from instant boosts to gradual, organic growth.

By selecting a service that aligns with your goals and budget, you can ensure a substantial boost to your Instagram profile in 2024.

Remember, the key to success is not just growing your numbers but building genuine engagement that can sustain your social media presence long-term.

Kaiko has recently revealed a partnership with Gemini, a reputable crypto trading and storage platform. This partnership revolves around the Gemini Foundation and the derivatives trading platform provided by Gemini. It will implement Kaiko Benchmark Reference Rates marketplace.

Kaiko is thrilled to announce its partnership with @Gemini Gemini Foundation will be using Kaiko Benchmark Reference Rates for its derivatives trading platform.Read the full announcement, below 👇 https://t.co/RVh5FkxqxC

— Kaiko (@KaikoData) June 6, 2024

Kaiko Benchmark Reference Rates Enhance Portfolio Valuation

It is a global company that specializes in offering derivatives trading services in various areas. Initially, the platform was built on the ability to trade perpetual contracts, and there were future plans to add dated futures and options. It can enable users to trade on different assets such as Bitcoin, Ethereum, and Solana without necessarily holding or owning these assets physically. However, it is worth mentioning that users’ portfolios are calculated in the GUSD, which is Gemini’s stablecoin.

This assists in providing a fair valuation of GUSD portfolios as cryptocurrencies may trade with a premium or a discount based on factors such as, market depth among others. That is where reference rates come into play. Kaiko Benchmark Reference Rates use price information from the Gemini exchange as well as other credible sources, and their extensive and credible method when calculating the price. All the rates are updated automatically in a 5 second interval.

Kaiko to Bring Quality Data and Reliability to Gemini Derivatives Platform

William Cai, the managing director of Kaiko Indices, showed interest in the collaboration as well. He stated that Kaiko is excited to be partnering with Gemini Foundation derivatives platform, stating that through Kaiko would bring quality data, reliable firmness, and the industry’s sound practice in the design and administration of index.

And Neil Sheppard, Head of Derivatives at Gemini, added in a statement that he stressed that Gemini aims at providing its users with accurate and comprehensive market information. It is a valuable resource for trading cryptocurrency derivatives. Sheppard also pointed out that they would deepen the trading experience on Gemini by leveraging the amazing data solutions.

This collaboration is meant to improve the Gemini trading platform by giving GraniteShare accurate real-time data on the new ETFs that Gemini trading users can trust in making informed decisions. Kaiko and Gemini stated they are glad to be partners in improving the current trust in the cryptocurrency derivatives market.

Tokyo, Japan, June 6th, 2024, Chainwire

The gaming-centric blockchain Oasys has published a technical roadmap detailing its vision for the evolution of gaming assets. The document reveals the areas Oasys will focus on, with three pillars forming the core of its technical strategy: App Data Availability, Layer 2 Interoperability, and Ecosystem Scalability.

Oasys’ technical roadmap is centered around extending the utility of the digital assets players acquire in games such as items, characters, equipment, and achievements. By solving the challenges of App Data Availability, Layer 2 Interoperability, and Ecosystem Stability, Oasys’ developer team is confident it can enhance the unique properties of web3 gaming such as true ownership while building in greater utility for these assets.

Ryo Manzoku of Oasys said: “Successful blockchain gaming is about more than simply what happens in the game itself. By optimizing all aspects of the assets that are unique to blockchain gaming, we can enhance both the developer and the player experience. In the process, there’s scope for unlocking new use cases for game assets that will allow players to extract more value while onboarding millions more to blockchain gaming.”

The technical roadmap aims to solve some of the greatest challenges faced by blockchain game designers and players. These include proposals for:

Mirroring L2 gaming assets on L1 to improve app data availability

Introducing gaming-specific cross-chain bridges and standardized APIs to enable assets to move easily between L2s

Rolling the Oasys Verse Developer Kit (Oasys VDK) out to more partners and L2 operators so game developers can launch projects faster

Within the next 12 months, Oasys has committed to collaborating with ecosystem partners to standardize gaming asset specifications. It will also develop use cases that apply this standard to support developers interested in building on Oasys.

Longer-term goals outlined in the Oasys technical roadmap will be implemented over the next two to three years. These include the proposal to mirror L2 assets on L1, developing greater interoperability solutions at the protocol level, and providing improved developer tools that will make it even easier for scalable web3 games to be deployed.

The Oasys ecosystem recently expanded with the launch of XPLA Verse, an L2 developed with the support of South Korea’s Com2uS Group. “Summoners War: Chronicles” and “The Walking Dead: All-Stars” will be the first franchised titles to launch on XPLA Verse taking advantage of Oasys’ scalable infrastructure.

About Oasys

Oasys is a blockchain video gaming platform that puts real power in the hands of gamers and developers. It’s on a journey to become the global standard for blockchain gaming and promote real value for gamers in the blockchain universe. Oasys combines the best public and private blockchain technologies to deliver a seamless, speedy, zero-gas-fee blockchain gaming experience.

Website: Oasys Games

X(EN): Oasys Games Twitter

X(JP): Oasys Japan Twitter

Discord: Oasys Discord

Telegram: Oasys Telegram

Contact

Akari OedaOeda@oasys.games

Singapore, Singapore, June 6th, 2024, Chainwire

Decentralized physical infrastructure network io.net has announced that its native token will launch on the world’s leading crypto exchange, Binance. The $IO token will be issued on Binance Launchpool, where users can farm it using staked BNB and FDUSD to earn an allocation.

$IO farming will commence on Binance Launchpool on June 7 for users who stake BNB or FDUSD into separate pools. The farming period will run for four days, during which 4% of the total $IO supply (20M tokens) will be available to earn. Of this total, 17M $IO has been earmarked for the BNB pool and 3M for the FDUSD pool.

Following completion of the farming period, Binance will list the $IO token on June 11 at 12:00 UTC with the following token pairs: IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY. Upon listing, 95M $IO comprising 19% of the total supply will be unlocked and available to the public.

The Binance Launchpool format provides a fair system for token distribution. It enables a large and globally diverse community of users to participate, which is integral to decentralizing projects by ensuring that token ownership is distributed.

$IO has a fixed supply of 800M, 300M of which will be emitted gradually for suppliers and stakers who contribute to io.net’s decentralized network for AI compute. Rewards will be distributed over a period of 20 years with a disinflationary model beginning at 8% in the first year and decreasing gradually until the 800M cap is reached.

The $IO token is also used to govern the network, empowering token-holders to make decisions that will benefit the protocol and its key stakeholders. In partnership with Binance Launchpool, io.net aims to increase distribution of $IO to a larger community to drive decentralization for the network.

About io.net

io.net is a decentralized physical infrastructure network (DePIN) that deploys and manages on-demand decentralized GPU Clusters from geo-distributed sources. The company democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choices for businesses and developers.

Website | Documentation | Twitter | Discord | Telegram | LinkedIn

Contact

Dan EdelsteinPR@marketacross.com

Assets such as Ethereum and Bitcoin have moved traditional markets, such as S&P 500 and Nasdaq 100, in terms of average intraday movement, in an astounding display of resilience and growth. 

This has dragged the curiosity and attention of the general public which includes investors, financial analysts and enthusiasts. Let’s examine the specifics and determine what is causing this trend.

The USD index fell in the last 30days, making it easy for cryptocurrencies to flourish. The original cryptocurrency *BTC* has gradually show that it will or can survive the heat and come out more stronger. Decentralized apps (dApps) and *ETH* strong smart contract platform have propelled the growth of this second-largest cryptocurrency in terms of market capitalization.

Reasons why crypto assets had overshadowed other investments. Some peculiar reasons are outlined below;

1. Decentralization: Since cryptocurrencies cam function without financial institutions being established, it’s less prone to fluctuatioms in monetary policy, inflation and whatnot. 

2. Limited supply: For instance, if there’s 20 million Bitcoin in the market or in circulation, it automatically keeps the price stable and prevents inflatiom to a extent. 

3. Security: Security is assured through cryptography which is to ensure open and safe transactions.

4. Adoption: As a result of it wide acceptability, trading volume and liquidity level grow as well. 

5. Innovation: Applications like Defi, NFTs are growing in the crypto world.

For potential investors, considering diversifying, assets in the crypto space have shown competitiveness alternatively in traditional markets. However, it is very important to keep in mind that the crypto market is prone to swings.

To sum up, records has shown that Ethereum and Bitcoin have outperformed is a big evidence of resilience and maturity in the space. 

And also, it is vital that professionals in finance be able to adapt to changes within the global financial landscape to allow them to navigate through the evolving world of cryptocurrencies and lots more.

Seoul, Korea, June 6th, 2024, Chainwire

XOCIETY, a AAA third-person shooter game, has successfully closed a $7.5 million pre-Series A funding round. The round was led by Hashed and the Sui Foundation, with additional investment from other prominent gaming entities such as Spartan, Neoclassic, Bigbrain Holdings, and KRAFTON.

The funding builds off the success of XOCIETY’s beta testing, which accrued over 3000 users from 76 countries, reaching over 11,000 hours of playtime and retaining over 77% of players for a week or more. Team NDUs is developing XOCIETY, integrating RPG mechanics with a new reward system emphasizing player engagement and skill. The game introduces an in-game corporation system, allowing players to own shares and manage their own companies and economic entities within the game world.

“We are focusing on creating a sustainable player engagement model, moving away from the short-lived earning models seen in some Web3 games,” said Jeffry Kim, founder of NDUS. “This investment will help us blend the best aspects of traditional gaming with the possibilities of Web3.”

The game is being developed by industry veterans with a proven record in building engaging commercial-level gaming services such as Myoungjin Lee, known for his work on Ragnarok, and Sang Chung, former Head of PlayDapp. “Our team’s experience is crucial in developing a high-quality, engaging game that stands out in the Web3 space,” commented Simon Kim, CEO & Managing Partner of Hashed.

“XOCIETY is a natural partner for Sui,” said Greg Siourounis, Managing Director of Sui Foundation. “Thanks to Sui’s high throughput, instant settlement speeds, dynamic on-chain assets, players will be able to experience the best of what gaming powered by web3 has to offer.”

About XOCIETY

XOCIETY is a AAA game featuring PvP and PvE elements combined with RPG mechanics, aiming to innovate within the Web 3.0 gaming era. With an emphasis on player experience, XOCIETY aims to redefine gaming experiences offering FPS players economic control, transforming them into key economic agents. Unlike traditional FPS games, where a single user’s activity has little impact on the broader game environment, decisions in Xociety create dynamic ripple effects throughout the gameplay and environment.

Website | X |YouTube | Discord | Linktree

Contact

Head of CommunityRyan Chowncontact@ndus.io

Recently, a large number of Bitcoins have been transferred from Coinbase to the spot exchanges, with the total volume of 4,594 BTC, according to CryptoQuant. This activity shows higher buying pressure in the United States mainly due to Spot ETFs that have emerged as key participants in the ongoing Bitcoin bull market. Currently, the total trading amount of Bitcoin Spot ETFs has exceeded one billion U.S. dollars.

As a large amount of #Bitcoin outlfows from Coinbase, a substantial amount of #BTC enters spot exchanges (4,594 $BTC ).“This shows us that buyers in the USA are strong. This data proves that Spot ETFs are the main drivers of the bull cycle we are currently in. As of now, the… pic.twitter.com/X2mDfOITwl

— CryptoQuant.com (@cryptoquant_com) June 6, 2024

Coinbase Sees Significant Bitcoin Outflows Totaling Nearly $500 Million

On spot exchanges, there was a net outflow of 4,594 Bitcoin today. Inflows of funds can put pressure on the share prices in the short term. However, it is worthwhile to consider this data in the context of other Spot ETFs which are already taking over the market.

A closer inspection of Coinbase reveals notable outflows during two separate times in the past two days. A net outflow of 3,067 *BTC* on June 4th at 3:00 AM back on June 5th, at 5:00 PM, another 3,734 BTC made its way out of Coinbase. These outflows, totaling nearly 500 million dollars, are closely linked to the movements in Spot ETFs. Spot ETF landed yesterday had 886.6 million U. S. dollars were subscribed.

The Coinbase Premium Index, which compares the exchange price to other exchanges, signals a positive delta on both an hourly and daily timeframe. This indicates that buyers in the US are actively purchasing Bitcoin, bolstering the market. The data underscores that Spot ETFs are currently driving the bull market.

ETF Rally Gains Momentum as Bitcoin Spot ETFs Exceed $1 Billion

The demand for Bitcoin Spot ETFs continues to surge, with the total volume surpassing one billion dollars on June 5th. That will likely keep the ETF rally going, and if current inflows are any indication, there is a decent chance of that happening. That could mean Bitcoin reach all time highs (ATH).

The amount of Bitcoin moving into spot exchanges and large outflows from Coinbase, shows strong US buying trend in spot ETFs. These ETFs recently passed the one billion dollar mark in combined volume. This shows how market dynamics can increasingly be driven by Spot ETFs and the Bitcoin price in general.

Binance, a leading global cryptocurrency exchange, has officially announced the addition of IO.NET (IO), a decentralized AI computing and cloud platform, to its Binance Launchpool. This marks the platform’s 55th project, allowing users to stake BNB and FDUSD to farm IO tokens. Starting June 7, 2024, at 00:00 UTC, Binance users can stake their BNB and FDUSD in separate pools to earn IO tokens over four days. This initiative is part of Binance’s ongoing efforts to bring innovative projects and rewarding opportunities to its user base.

IO.NET introduces a total genesis token supply of 500 million IO, with a maximum supply cap set at 800 million IO. For the Launchpool, 20 million IO tokens (equivalent to 4% of the total initial supply) will be distributed as rewards to participants.

The Launchpool will require participants to complete KYC verification, adhering to Binance’s security and regulatory compliance standards. The staking caps are set at 17,708.33 IO for the BNB pool and 3,125 IO for the FDUSD pool, calculated hourly.

Supported Pools and Rewards Distribution

The farming period is scheduled from June 7 to June 10, 2024, with daily rewards distributed across the BNB and FDUSD pools. Users can claim these rewards directly to their spot accounts anytime during the event. Following the staking period, Binance will list the IO token on June 11, 2024, at noon UTC. The trading pairs available at launch include IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY.

The Binance BNB Vault and Locked Products will integrate with the Launchpool, allowing users who have staked BNB in these products to participate and receive new token rewards automatically. This integration ensures users enjoy seamless benefits while engaging with multiple Binance services.

Due to varying local rules and regulations, participation in the Launchpool is subject to eligibility based on the user’s country or region of residence. Notably, users from countries like the USA, Canada, Japan, and others are excluded from farming IO tokens. Binance emphasizes the importance of users completing account verification and ensures all participants are from eligible jurisdictions to maintain compliance and security standards.

New York, City, June 6th, 2024, Chainwire

Solv Protocol, the pioneering DeFi platform spearheading the development of an omni-chain liquidity and yield infrastructure, and Binance Web3 Wallet, the top-tier cryptocurrency wallet, have joined forces to unveil an exciting collaborative marketing campaign, aimed at catalyzing the explosive growth of the BTCFi.

Participants will be eligible to earn a share of 150,000 SOLV tokens, representing 0.15% of the Solv’s governance token supply. 

Solv Protocol stands as the vanguard of the BTCFi narrative, revolutionizing how Bitcoin is leveraged within the DeFi landscape. At the heart of Solv’s offering lies SolvBTC, a groundbreaking asset that serves as the one-stop-shop for the best Bitcoin yields. Through strategic partnerships with industry leaders like Babylon and Ethena, Solv grants users access to a diverse array of yield-generating opportunities. Simultaneously, it also serves as the key to BTCFi on every major chain. By efficiently channeling Bitcoin liquidity to over a dozen thriving ecosystems, SolvBTC has already emerged as one of the most widely recognized Bitcoin assets. Over 15,000 Bitcoin are currently staked on Solv.

Binance Web3 Wallet, developed by the renowned Binance ecosystem, offers a secure, convenient, and user-friendly platform for managing cryptocurrencies. Leveraging its seamless integration with the world’s largest cryptocurrency exchange, Binance, and the vibrant BNB Chain ecosystem, Binance Web3 Wallet stands as the most efficient gateway for Bitcoin assets to enter the DeFi landscape, enabling Bitcoin users to seamlessly interact with a plethora of DeFi services.

This collaborative campaign between Solv Protocol and Binance Web3 Wallet represents a significant milestone in the evolution of the BTCFi ecosystem. It lays the foundation for fostering a thriving community dedicated to BTCFi, and serves as the cornerstone for unleashing the enormous potential of Bitcoin, worth trillions of dollars, within the DeFi landscape, ushering in a new era of innovation and opportunity.

About Solv

Solv Protocol is backed by strong investors, including Binance Labs, Blockchain Capital, Laser Digital, and other renowned firms. The protocol has also undergone extensive security audits by leading firms such as Quanstamp, Certik, SlowMist, Salus, and Secbit.

For more information about Solv Protocol and its products, please visit the official website at solv.finance.

Website | dApp | X | Telegram | Discord | LinkedIn | GitHub

Contact

Ethean YuEthean@Solv.finance

Robinhood Markets, Inc. is set to acquire Bitstamp Ltd., a move that promises to enhance Robinhood’s crypto offerings and expand its global footprint. The acquisition, expected to close in the first half of 2025, aims to bring Bitstamp’s robust and reputable crypto exchange services to Robinhood’s platform, catering to both retail and institutional customers across the EU, UK, US, and Asia.

Expanding Beyond US Borders

This strategic acquisition marks Robinhood’s significant push to establish a presence outside the United States. Bitstamp, founded in 2011, operates globally with offices in Luxembourg, the UK, Slovenia, Singapore, and the US. With over 50 active licenses and registrations worldwide, Bitstamp will facilitate Robinhood Crypto’s rapid global expansion.

Introducing Institutional Services

For the first time, Robinhood will venture into the institutional market, leveraging Bitstamp’s established reputation for reliable trade execution, deep order books, and top-tier API connectivity. Bitstamp’s additional institutional services, such as its white label solution Bitstamp-as-a-service, institutional lending, and staking, will complement Robinhood’s offerings. This acquisition will integrate Bitstamp’s core spot exchange, which features over 85 tradable assets, further enriching Robinhood’s crypto portfolio.

Leadership Insights

Johann Kerbrat, General Manager of Robinhood Crypto, emphasized the importance of this acquisition: “The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long-standing global exchange has shown resilience through market cycles. By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations among retail and institutional crypto investors.”

JB Graftieaux, CEO of Bitstamp, shared his excitement about the merger: “As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide. Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity.”

Collaboration and Innovation

The merger will see Bitstamp’s team join forces with Robinhood, fostering collaboration and innovation across continents. Both Robinhood and Bitstamp customers can expect to continue receiving the same level of service, security, and reliability. Transparency will remain a key focus throughout the integration process.

Financial and Advisory Details

Robinhood has valued the final deal consideration at approximately $200 million in cash, subject to customary purchase price adjustments. The acquisition is pending regulatory approvals and other customary closing conditions. Barclays Capital Inc. acted as the exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC served as the exclusive financial advisor to Bitstamp.

As Robinhood and Bitstamp prepare for this transformative acquisition, the crypto market eagerly anticipates the enhanced capabilities and expanded reach this merger promises to deliver.

A mix of innovation, potential growth, and resilience waits in the realm of the best altcoin in 2024. This article will guide you through the most anticipated altcoins that are set to make headlines this month. Join us as we unveil them and analyze the importance of each coin to enhance your portfolio. In the ever-shifting backdrop of the cryptocurrency market, these altcoins distinguish themselves, offering significant price boosts and exhilarating developments in blockchain technology. We highlight crypto coins from different domains to help you allocate resources effectively and mitigate volatility-associated risks.

Best Altcoin To Buy Now for 10X Gains In 2024 

This year, we will see a wave in the crypto sphere. Below are a few of the best altcoin to buy now and you must consider investing in them  in 2024.

5thScape (5SCAPE)

DarkLume (DLUME)

Polygon (MATIC)

Ethereum (ETH)

Avalanche (AVAX)

Stay with us till the end of the article to learn more about the best altcoin options that will fetch you millions in the long run. Here are some noteworthy insights on each altcoin listed above.

5thScape (5SCAPE)

Cryptocurrency traders are constantly on the watch for something unique and crazy. They have the funds and are excited to invest in sectors matching their lifestyle. VR realm is the most promising and blossoming sector of the blockchain industry. 5thScape, a VR-driven startup has stirred the crypto-verse with its unique gamified ecosystem. 

5thScape project offers reward-winning opportunities for both beginners and veteran traders. Currently in its 5th presale stage, 5SCAPE tokens are captivating investors worldwide. Having collected more than $5.8 million so far, this crypto aims to soar post-listings. The ICO presale event is the best time for traders to buy the 5SCAPE tokens at minimal prices. Visit the website to buy tokens now.

>>Click here to visit 5thScape Presale Page 

DarkLume (DLUME)

DarkLume is a platform that will cater to the needs and preferences of the modern world. It aims to transfigure the future of high-end living with blockchain intervention. The project creates a metaverse allowing token holders to explore space, buy land parcels, become citizens in virtual countries, and socialize in the virtual world. 

Buy some altcoins during the presale to avail maximum benefits in upcoming months. DLUME tokens will be provided at discounted rates of $0.0005 per token in round 1 of presale, increasing gradually.

>>Click here to visit DarkLume VR

Polygon (MATIC)

Most altcoins are launched with a bang in the cryptocurrency market. However, fewer coins reach mass adoption. Scalability remains a concern with many altcoins like Ethereum. 

Polygon emerges as a leading layer-2 blockchain solution that solves scalability issues and reduces transaction charges. Polygon has garnered attention due to its faster transaction processing times and low costs on decentralized applications. With dedicated innovation and adoption, MATIC altcoin aims to construct a safe and user-friendly ecosystem.

Ethereum (ETH)

This altcoin needs no introduction. It is one of the best altcoins in the market. With the current downtrend in the market, it is the right time for you to invest in Ethereum. As the market stabilizes, ETH tokens will continue to soar and make high profits. The native currency ETH ranks 2nd after Bitcoin in terms of market cap. 

Ethereum supports decentralized apps and smart contracts, attracting numerous software developers and business people to invest in them. Its well-designed, robust infrastructure and performance stay unmatched by other altcoins in the category. Recently, Ethereum has embraced the proof-of-stake (PoS) working model to reduce energy consumption significantly. The platform is famous for hosting DeFi transactions, exchanging non-fungible tokens (NFTs), and much more.

Avalanche (AVAX)

Blockchains complete all digital transactions in a safe and encrypted manner. Every altcoin has different transaction speeds; some work faster, while some coins, like Bitcoin, take 10 minutes to process a single transaction. Avalanche is a novice platform with cutting-edge technology designed for speedy transactions and compatibility with smart contracts. 

This project was launched in 2020 and has attracted many investors to its secure and scalable ecosystem. AVAX, its native currency, is capped at 720 million, and its generation rate is supervised by community consensus. Avalanche stands out in the blockchain space with its characteristic consensus mechanism for fast transaction completion. It is an attractive alternative to Ethereum for building decentralized apps. 

Conclusion On The Best Altcoin To Buy Now which Investors Can’t Miss In 2024

In conclusion, the vast crypto world opens up gates to the dynamic realm of the best altcoin opportunities in 2024. Each cryptocurrency has unique distinguishing features that make them ideal investment options for traders and crypto enthusiasts. 

Choosing the best alt coin for your resource allocation has always been challenging. You must follow our guide, get an expert opinion, research company fundamentals, and decide. Cryptos spanning from polygon matic to Cardano to Ethereum can give you 100x returns if you enter the market at the right time.

Considering the current downward trajectory in the altcoin prices, investors are rushing to buy altcoins at lower prices. Altcoins that demonstrate resilience and continue developing their platform will survive market slashes and bounce back. 5thScape and DarkLume are innovative upcoming crypto projects that will make more money than ever post-launch. Diversify your portfolio by acquiring newer altcoins and a few established ones to mitigate the risk of losing money. We hope your journey within the crypto sphere unfolds exciting advancements and humongous profits. 

Continuing their vision of a decentralized AI future, HyperCycle is set to showcase its incubated project, HyperRing, at the SuperAI Conference in Singapore. HyperRing, a high-end wearable ring, allows users to secure their wealth generated from the AI economy.

HyperRing Revolutionizes Wearable Security in the Age of AI

HyperRing is designed as an elegant security wearable that combines sleek aesthetics with practical utility. Unlike existing smart rings, HyperRing is battery-less and sensor-free, ensuring users that no one is tracking them or collecting their data. The device uses NFC and multi-factor authentication (MFA) to protect against data theft, identity theft, and impersonation.

The launch of HyperRing follows the release of HyperCycle’s SDK, which enables developers to create powerful AI-based applications that leverage its decentralized compute network. Security is a critical component of the HyperCycle ecosystem, and HyperRing will support this goal by providing robust protection against cyber threats when interacting with AI assets.

HyperRing will make its debut at SuperAI in Singapore on June 5-6, where delegates will have the opportunity to try out the first production models. HyperCycle plans to launch the wearable smart devices globally, starting with an initial rollout in Korea. By leveraging a suite of technologies and protocols, including TODA/IP and Earth64, HyperCycle enables the “Internet of AI,” empowering AI Agents to independently carry out commerce and mutual learning over the existing internet.

HyperCycle Redefines AI Communication and Security

HyperCycle is a decentralized AI initiative that addresses the shortcomings of the existing compute solutions. It mainly uses cryptographic proofs to enable scalable AI-to-AI communications on a peer-to-peer basis, increasing the performance of learning algorithms with a faster access to compute. The project has signed up nearly 400k nodes to its network, all capable of supporting 150 AI agents that can communicate with the rest of the network with 300ms transaction finality.

Toufi Saliba, the CEO and Founder of HyperCycle, emphasized the importance of securing wealth generated by AI, stating that it’s crucial for those involved in AI operations to utilize inconspicuous, stylish, and convenient technology. Joy Zhang, CEO of HyperRing, echoed Saliba’s sentiments, expressing her enthusiasm for the product.

Through its innovative projects like HyperRing, HyperCycle continues to push the boundaries of what is possible in the AI and blockchain sectors, ensuring a secure and decentralized future for AI-driven economies.

GaFin, a leading player in the Web3 gaming revolution, has announced a strategic partnership with MagicCraft. MagicCraft is a player-versus-player (PvP) multiplayer online battle arena (MOBA) game built on blockchain technology. This collaboration promises to enhance the gaming landscape by integrating GaFin’s advanced gaming platform with MagicCraft’s immersive fantasy universe. GaFin announced this partnership via its official X account today.

GaFin 🤝 @MagicCraftGame 🌈 We’re thrilled to announce our strategic partnership with @MagicCraftGame – a PvP MOBA built on Blockchain – an ecosystem of games, and a fantasy universe 🤩Through our partnership, we're preparing for:📍 In-game quests📍 GaFin Game Hub… pic.twitter.com/cAAT1CaAMd

— GaFin (@Gafin_io) June 6, 2024

GaFin and MagicCraft Unite to Revolutionize Blockchain Gaming

Through this partnership, GaFin and MagicCraft aim to deliver an enriched gaming experience by introducing in-game quests and integrating the GaFin Game Hub. This integration will provide seamless access to MagicCraft’s captivating world, allowing players to dive deeper into the game’s ecosystem. Additionally, the partnership will pave the way for community-driven gaming activities, including tournaments and game nights.

MagicCraft stands out as a PvP MOBA game set in a richly built fantasy universe. It features unique characters, compelling storylines, and an ecosystem of interconnected games. MagicCraft’s mission is to create the world’s most engaging blockchain game, bridging the gap between traditional gamers, crypto enthusiasts, digital asset owners, and streamers.

The partnership between GaFin and MagicCraft is set to bring a range of exciting features and exclusive content to the gaming community. By leveraging GaFin’s robust platform and MagicCraft’s engaging gameplay, players can look forward to a more immersive and rewarding gaming experience. This collaboration highlights both companies’ commitment to pushing the boundaries of blockchain gaming.

GaFin and MagicCraft Partnership Set to Elevate Blockchain Gaming Standards

With the GaFin Game Hub integration and the introduction of in-game quests, the partnership between GaFin and MagicCraft is poised to elevate the standard of blockchain gaming. Players can expect seamless access to a universe of Web3 games, each telling unique stories and offering opportunities to earn and utilize MCRT tokens and NFTs across multiple games.

As the gaming industry continues to evolve, GaFin and MagicCraft are at the forefront, driving innovation and creating new, improved gaming experiences for players worldwide. This partnership marks a significant step forward in the journey to make blockchain gaming more engaging, accessible, and rewarding.

Singapore, SIngapore, June 6th, 2024, Chainwire

Dora Factory, the pioneering infrastructure of decentralized governance technology and public good funding, announces the gas fee airdrop of its native token, $DORA, to all ATOM stakers on June 5, 2024. Over one million addresses are eligible to receive $DORA token, with the airdrop campaign inviting the Cosmos community to participate in the governance of its democratic public goods funding program, the ATOM Economic Zone Quadratic Funding, on DoraHacks.io. With 1.04 million addresses whitelisted, the privacy voting round implemented by the Dora team will be the largest MACI (Minimum Anti Collusion Infrastructure) voting round ever.  

1.04 million ATOM stakers are eligible for the airdrop

On June 5, all ATOM stakers have received $DORA tokens in their wallets. $DORA is the native token of Dora Vota, a decentralized governance application chain developed by the Dora Factory using the Cosmos SDK. 

This airdrop is one of the largest in history. With over one million addresses, Dora Factory aims to mobilize the Cosmos community, known for its passion for decentralized governance, to participate in a crucial public goods governance experiment for the community.

Empowering Community with AEZ Funding and MACI Voting

After receiving the airdrop, Cosmos communities can participate in the ATOM Economic Zone (AEZ) quadratic funding initiative jointly launched by DoraHacks, Dora Factory, and ATOM Accelerator DAO. They can use ATOM to vote for and donate to public goods teams they value, support early-stage developers, and determine the distribution of an 80,000 ATOM and $200,000 USDC matching pool across 10 rounds of AEZ Quadratic Funding and MACI voting. The smart contracts for this quadratic voting round are deployed on the Dora Vota network, and the community can use $DORA to cover gas fees.

This campaign goes beyond merely distributing the reward pool to early-stage projects and essential public goods in AEZ in the first round; it is a democratic governance experiment designed to mobilize community power in supporting public goods and promising early-stage developers. The quadratic funding mechanism ensures that even small donations from community members have a substantial impact. 

MACI Voting With Enshrined Privacy

Dora Factory invites community members to participate in MACI (Minimal Anti-Collusion Infrastructure) privacy voting, distributing a $20,000 USDC prize pool to selected teams. Unlike traditional quadratic voting, this method allows voters to express their opinions on public goods without revealing their identity (address). Addresses with more ATOM staked will receive more Voice Credits (voting power). 

Through MACI voting, Dora Factory aims to introduce cutting-edge privacy-enabled voting technology to the Cosmos community. This initiative marks the beginning of integrating secure, private, and anti-collusion technologies into a wider range of governance use cases in the future.

Dora Factory’s Dedication

To ensure every community member can participate in MACI voting without concerns, Dora Factory will implement Dora Vota’s native Gas Station feature to cover all voting fees for the MACI voting round. This fee subsidy represents Dora Factory’s commitment to the community outlined in Cosmos Governance Proposal 917.

A Historical Community Governance Ceremony

With the quadratic funding module now natively implemented on Dora Vota for the Cosmos Hub, Cosmos has the potential to become one of the largest on-chain communities that supports public goods. The first round of the two-year quadratic funding plan for the ATOM Economic Zone commencing in June 2024 has attracted numerous outstanding projects and awaits the attention and support of community members. 

The Largest Privacy-Preserving Governance Experiment

MACI implementation is a groundbreaking step for the Cosmos community, as its first privacy voting attempt. Dora Factory has whitelisted over 1 million addresses, setting a new record for the largest whitelist, and marking the largest voting experiment in MACI’s history. The Dora Factory team is excited to invite the Cosmos community to create a historic moment collectively.

About Dora Factory

Dora Factory is at the forefront of decentralized governance protocol stacks, providing governance and long-term incentives for the global hacker movement, open-source communities, and decentralized organizations through Public Good Staking and Dora Vota. The platform has pioneered the development of public good staking infrastructure, revolutionizing the way developers are funded long-term in the PoS ecosystem. Additionally, Dora Vota offers a comprehensive decentralized governance platform, enabling users to create programmable governance mechanisms such as MACI and quadratic voting through its open platform. This reduces the cost of decentralized governance, laying a solid foundation for its widespread adoption.

To better understand and try the products of Dora Factory, users can visit DoraFactory.org.

Users can visit Dora Research Blog for more details: research.dorahacks.io

Contact

ContributorChris LeeDora Factorywinniedrinkwater@gmail.com

Cristiano Ronaldo and Binance solidify their partnership with the launch of “Forever Worldwide: The Road to Saudi Arabia,” a commemorative NFT collection that showcases his remarkable growth from humble beginnings to a global football star. It will offer a glimpse into the key milestones that shaped a legend. As a result, sentiment on the future of the Binance Coin (BNB) is massive. 

However, Angry Pepe Fork (APORK) has also seen major appeal from traders with its unique “Conquer to Earn” system and staking possibilities, and it could soon see CEX listings. We will go over both altcoins to see why these two are the top crypto coins.

Binance Coin Price Rises 10% Following Launch of Christiano Ronaldo’s NFT Collection

Binance Coin (BNB)’s price is on an uptrend, especially after its most recent partnership with Christiano Ronaldo and the launch of the latest NFT collection. This collection highlights locations that are important for Ronaldo’s career, from Madeira, Lisbon, Manchester, Madrid, Turin, Saudi Arabia, and Portugal. Artists with personal ties to these locations were selected to design each NFT as well, which can add an additional sentimental touch. 

The Binance Coin price has gone up during the past week by 10% following this announcement, and has risen above $600. With support at $612, the Binance Coin crypto is primed to see further gains. According to the Binance Coin price prediction, it can end Q4 of 2024 at $856.36, making it one of the top crypto coins to get. 

Angry Pepe Fork (APORK) Price to Surge Following Cex Listings

Angry Pepe Fork (APORK) disrupts the market and fosters a paradigm shift towards collective earning by active participation and token ownership. With its gamified approach, it empowers community members to stake their crypto in a strategic way with higher APY that leads towards greater conquest potential over zombie meme coins.

This is achieved through its “Conquer to Earn” system, and individual battlefield prowess can directly unlock additional tokens, incentivizing a strategic approach. Users can also tailor their staking periods to their risk tolerance and the desired rewards. A 30-day stake can offer a glimpse into the system, while longer lock-in periods of 60 to 90 days can unlock higher yields. Security is also important, and as a result, the smart contract has been audited by SOLIDProof to ensure trust and integrity. 

Additionally, the team actively seeks partnerships to expand the ecosystem’s utility and drive token value, making APORK the best cryptocurrency to buy today. With a limited supply of 1.9 billion tokens and a starting price of $0.014, now is a solid entry point for those seeking high-ROI opportunities. Analyst projections of a 100x increase by presale’s end position APORK as a compelling alternative investment within the cryptocurrency space, and if it achieves major gains, it is likely to see a listing on major centralized exchanges (CEXs). 

Why APORK Has a High Likelihood to See CEX Listings

Binance Coin is now experiencing an uptrend as the NFT collection has provided a major boost in appeal towards its overall ecosystem. However, Angry Pepe Fork could soon see a CEX listing as-well, and if this happens, analysts are predicting a 100x price increase, which would provide major ROI for early investors. As a result, it’s seen as the best cryptocurrency to buy today.

Visit Angry Pepe Fork Presale

The hype surrounding Bitcoin’s halving seems to have settled by now. However, crypto trader and analyst Rekt Capital has said that the effects of the halving event haven’t yet been priced in. According to the trader, Bitcoin normally goes on a parabolic run after 150 days of the halving event. In the meantime, top crypto experts seem to have identified the best meme coins to invest in within the incoming bull market. The analysts said that Pepe is set to overtake Shiba Inu, with KangaMoon being tipped to lead the race for the 2024 bull market gains.

KangaMoon (KANG) Poised to Outperform the Meme Coin Market

Despite Pepe being the star of the meme coin market for the last few months, analysts seem to have picked another new coin known as KangaMoon (KANG) to lead the 2024 bull run. KangaMoon, which is also considered the best crypto investment, is already up by 400% and has been predicted to surge from $0.025 to a new yearly high of around $1 and $2. Most crypto experts are bullish about this best crypto owing to the token’s new feel to the meme coin market.

Unlike other meme coins, which use hype as their primary fuel, KangaMoon is already building an ecosystem filled with utility. The Kangaverse ecosystem features P2E games where players assemble their avatars and compete against each other. Different competitions and events will also be held, all designed to give players an outstanding chance to win the KANG tokens.

KangaMoon has also incorporated an organic protocol called SocialFi to increase activity within its ecosystem. SocialFi is designed to reward KangaMoon users based on their contribution, engagement, and activity with the project on social media platforms. The most active users will, therefore, receive rewards in the form of KANG tokens.

As a new project within the meme coin space, KangaMoon has managed to attract considerable attention, raising over $7.7 million in presale. KANG has also been listed on CoinMarketCap and CoinGecko. Moreover, while awaiting its launch, BitMart has also announced its support for KANG, with the listing set to happen soon, adding more excitement to one of the top meme coins to invest in.

Rekt Capital Believes Bitcoin (BTC) Halving Is Yet to Be Priced In

Weeks past the Bitcoin halving event, a popular pseudonymous crypto expert, Rekt Capital, shared some key details. According to the analysts, historical data indicates that the price of BTC consolidates for around 150 days after each halving. This means that, even though Bitcoin has set a new all-time high, the effects of the halving have not yet been priced in.

He further explains that a breakout phase normally happens after this consolidation and might last for several months. With Bitcoin currently in its re-accumulation phase, a price breakout is, therefore, around the corner. Moreover, while the analyst still ranks the BTC coin as a top cryptocurrency to invest in, he remains skeptical about Bitcoin breaking above $400K in this bull cycle.

Will Pepe (PEPE) Overtake Shiba Inu in The Next Bull Run Market

Pepe (PEPE) has recorded an impressive performance in 2024 within the meme coin market. The price of PEPE surged by 1,000%, setting numerous ATHs within the year. Moreover, analysts have predicted that this meme coin will continue to soar in the market cap as it aims to dethrone its major rival, Shiba Inu.

Based on Pepe’s price prediction, the market cap for PEPE might rise from $6 billion to over $15 billion, outshining Shiba Inu. Crypto Kaleo also confirmed these sentiments in his post, highlighting that Pepe coin has a lot of upside potential in this bull market.

In conclusion

Based on historical facts, Bitcoin might go on a major bull run over the coming months, which could also lead to a bull run among other cryptos within the market. Moreover, as Pepe and KangaMoon are now considered the best meme coins to invest in, the unique ecosystem built by KangaMoon will make it an outstanding choice within the meme coin market.

Discover the exciting opportunities for the KangaMoon (KANG) presale today!

Website: https://kangamoon.com/

Join our KangaMoon Community: https://t.me/kangamoonofficial

A multisig wallet has recently deposited a huge amount of $AGIX tokens to the prominent crypto exchange Binance. As per SpotOnChain (a famous on-chain analytics forum), the respective wallet reportedly deposited up to 4 million $AGIX coins to the crypto exchange just thirteen hours back. The analytics firm took to its official X account to offer insights into this development.

13hrs ago, a multisign linked to @SingularityNET deposited 4M $AGIX ($3.63M) to #Binance.The multisign had been inactive with $AGIX for 6 months;And now returned to unload just 1 week before major #AI tokens $AGIX , $FET, $OCEAN are merged into $ASI on Jun 13. Bearish? 🤔… pic.twitter.com/6zICDeSiyd

— Spot On Chain (@spotonchain) June 6, 2024

A Multisig Wallet Connected to SingularityNET Deposits 4 Million $AGIX Coins to Binance

The platform disclosed that the deposited tokens equal $3.63 million in terms of value. In addition to this, it also revealed that the multisig wallet’s $AGIX deposit has taken place after a considerable time. According to the analytics platform, the wallet has not done any operation concerning the $AGIX tokens for up to the past six months. Nonetheless, the multisig wallet has reportedly restarted its unloading operations recently.

The $ASI Merger Expects Its Accomplishment on June 13

This comes only seven days before the merger of the well-known artificial intelligence coins $OCEAN, $FET, and $AGIX . As SpotOnChain has pointed out, these coins are going to get merged into the token ‘$ASI.’ The respective merger is expected to be accomplished on the 13th of this month. In this respect, Fetch.ai, SingularityNET, and Ocean Protocol are collaborating.

The respective partnership goes by “the Artificial Superintelligence Alliance”. The alliance focuses on the provision of a substitute for artificial intelligence projects. Along with that, Fetch.ai asserted that this endeavor indicates a new epoch. It will begin on the 11th of June and the entities driving it have renamed it from $FET.