LIVE
Crypto Intelligence
@Crypto_Intelligence_official
Crypto Intelligence News is a leading blockchain news platform, covering market updates, DeFi, GameFi, and more.
Following
Followers
Liked
Shared
Bitcoin Miners Ride High on Transaction Fee Surge Post-Halving
Bitcoin miners are experiencing a significant revenue surge due to the rise in transaction fees from Bitcoin Runes, a novel protocol for issuing fungible tokens on the Bitcoin network, as stated by Nazar Khan, the co-founder and CEO of TeraWulf.
Khan emphasized the impact of Runes on transaction fees, noting, “Runes significantly increased the transaction fees, so if anything, there was an increase in the hash price in the first 24-30 hours [after halving].
Since then, we’ve seen transaction fees come down, but compared to the average fees in 2023, they’re still pretty high.”
Given that the remainder of the Bitcoin block reward is a fixed issuance, transaction fees serve as the variable element for Bitcoin miners, Khan explained.
This surge in transaction fees provides a crucial financial boost for miners following the Bitcoin halving, which reduced block rewards from 6.25 BTC to 3.125 BTC.
READ MORE: Robinhood Broadens Cryptocurrency Reach: New Yorkers Gain Access to SHIB, AVAX, and COMP Trading
Although total Bitcoin transaction fees decreased from their peak of 1,257 on April 20 to 105 BTC on April 25, they remained notably higher compared to most of 2023, according to CryptoQuant data.
On average, transaction fees constituted 30% of Bitcoin block rewards post-halving, translating to almost an additional Bitcoin for miners on top of the existing block rewards, Khan revealed.
In contrast, transaction fees comprised only 10% of Bitcoin block rewards in 2023.
TeraWulf estimated a post-halving Bitcoin production cost of $37,000 per BTC, assuming a 10% average transaction fee.
However, with the current higher average transaction fees, TeraWulf anticipates a further reduction in Bitcoin production cost, thereby enhancing its profitability, Khan suggested.
Despite the halving of block rewards, TeraWulf remains positioned for expansion as the eighth-largest Bitcoin mining firm, boasting a market capitalization exceeding $750 million, according to Companies Market Cap.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Khan emphasized the impact of Runes on transaction fees, noting, “Runes significantly increased the transaction fees, so if anything, there was an increase in the hash price in the first 24-30 hours [after halving].
Since then, we’ve seen transaction fees come down, but compared to the average fees in 2023, they’re still pretty high.”
Given that the remainder of the Bitcoin block reward is a fixed issuance, transaction fees serve as the variable element for Bitcoin miners, Khan explained.
This surge in transaction fees provides a crucial financial boost for miners following the Bitcoin halving, which reduced block rewards from 6.25 BTC to 3.125 BTC.
READ MORE: Robinhood Broadens Cryptocurrency Reach: New Yorkers Gain Access to SHIB, AVAX, and COMP Trading
Although total Bitcoin transaction fees decreased from their peak of 1,257 on April 20 to 105 BTC on April 25, they remained notably higher compared to most of 2023, according to CryptoQuant data.
On average, transaction fees constituted 30% of Bitcoin block rewards post-halving, translating to almost an additional Bitcoin for miners on top of the existing block rewards, Khan revealed.
In contrast, transaction fees comprised only 10% of Bitcoin block rewards in 2023.
TeraWulf estimated a post-halving Bitcoin production cost of $37,000 per BTC, assuming a 10% average transaction fee.
However, with the current higher average transaction fees, TeraWulf anticipates a further reduction in Bitcoin production cost, thereby enhancing its profitability, Khan suggested.
Despite the halving of block rewards, TeraWulf remains positioned for expansion as the eighth-largest Bitcoin mining firm, boasting a market capitalization exceeding $750 million, according to Companies Market Cap.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Lucky Break Leads Cryptocurrency Enthusiast to All-In Bitcoin Investment
The Bitcoin Therapist, a well-known pseudonymous writer of a Bitcoin newsletter, recently recounted the serendipitous beginning of his cryptocurrency journey on X (formerly Twitter).
He described how a chance encounter with Bitcoin led him into the crypto world.
He began his crypto investments with Dogecoin, putting in a few thousand dollars.
To his surprise, the value of his investment tripled overnight.
After cashing out, he delved into researching Bitcoin and quickly became a firm believer in its potential.
“It took me a few days before it clicked,” he noted. Within a short span, he transitioned all his investments to Bitcoin, eventually going “100% all in on Bitcoin.”
Despite his early exit from Dogecoin, which later surged by 40 times, The Bitcoin Therapist expressed gratitude for his initial foray into cryptocurrencies, acknowledging the significant gains he made.
This experience starkly contrasted with the fate of many newcomers who lose their entire investment, commonly referred to in crypto slang as getting “REKT.”
READ MORE:Cryptocurrency Users Settle with Ex-FTX CEO Sam Bankman-Fried in Class-Action Lawsuit
Reflecting on his journey, he stated, “Ironic, but true. I haven’t touched anything but Bitcoin since and I don’t intend to.”
Over the past three and a half years, Bitcoin has seen a price increase of 270%, while Dogecoin has astonishingly risen by 4,670%. This dramatic growth underscores the volatile and unpredictable nature of cryptocurrencies.
The narrative shared by The Bitcoin Therapist highlights the capricious paths to success within the cryptocurrency landscape, serving as a powerful reminder of the potential for financial transformation through fortuitous events.
He learned that chasing quick profits through lesser-known “meme coins” was less important than pursuing lasting financial independence through Bitcoin, which he valued for its rarity and potential as a liberating financial tool.
The Bitcoin Therapist has spent a year immersed in learning about various aspects of the crypto industry, gaining a deep understanding of the space.
His story emphasizes the importance of education and strategic investment in achieving financial freedom.
The broader implications of meme coins and Bitcoin’s role as a mainstream asset class are poised to be key discussion points at the upcoming Benzinga Future of Digital Assets event on November 19, where such expert insights will further illuminate the evolving dynamics of the cryptocurrency market.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
He described how a chance encounter with Bitcoin led him into the crypto world.
He began his crypto investments with Dogecoin, putting in a few thousand dollars.
To his surprise, the value of his investment tripled overnight.
After cashing out, he delved into researching Bitcoin and quickly became a firm believer in its potential.
“It took me a few days before it clicked,” he noted. Within a short span, he transitioned all his investments to Bitcoin, eventually going “100% all in on Bitcoin.”
Despite his early exit from Dogecoin, which later surged by 40 times, The Bitcoin Therapist expressed gratitude for his initial foray into cryptocurrencies, acknowledging the significant gains he made.
This experience starkly contrasted with the fate of many newcomers who lose their entire investment, commonly referred to in crypto slang as getting “REKT.”
READ MORE:Cryptocurrency Users Settle with Ex-FTX CEO Sam Bankman-Fried in Class-Action Lawsuit
Reflecting on his journey, he stated, “Ironic, but true. I haven’t touched anything but Bitcoin since and I don’t intend to.”
Over the past three and a half years, Bitcoin has seen a price increase of 270%, while Dogecoin has astonishingly risen by 4,670%. This dramatic growth underscores the volatile and unpredictable nature of cryptocurrencies.
The narrative shared by The Bitcoin Therapist highlights the capricious paths to success within the cryptocurrency landscape, serving as a powerful reminder of the potential for financial transformation through fortuitous events.
He learned that chasing quick profits through lesser-known “meme coins” was less important than pursuing lasting financial independence through Bitcoin, which he valued for its rarity and potential as a liberating financial tool.
The Bitcoin Therapist has spent a year immersed in learning about various aspects of the crypto industry, gaining a deep understanding of the space.
His story emphasizes the importance of education and strategic investment in achieving financial freedom.
The broader implications of meme coins and Bitcoin’s role as a mainstream asset class are poised to be key discussion points at the upcoming Benzinga Future of Digital Assets event on November 19, where such expert insights will further illuminate the evolving dynamics of the cryptocurrency market.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Oil Cat (OILCAT) to Rally 9,000% After Launching on Solana, Looks to Challenge Shiba Inu and Doge...
Oil Cat (OILCAT) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Oil Cat (OILCAT), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Oil Cat presents a similar opportunity.
Oil Cat has a market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 9,000% in the coming two days, and Oil Cat could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Oil Cat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Oil Cat on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Oil Cat by entering its contract address – 5fLTC6oPan3c2cybx4fvyzGWEYiqu4J3Q8KxJ46Zwbpd – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like OILCAT.
Oil Cat (OILCAT), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Oil Cat presents a similar opportunity.
Oil Cat has a market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 9,000% in the coming two days, and Oil Cat could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Oil Cat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Oil Cat on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Oil Cat by entering its contract address – 5fLTC6oPan3c2cybx4fvyzGWEYiqu4J3Q8KxJ46Zwbpd – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like OILCAT.
AI Shiba Coin (AISHIBC) to Explode 8,300% in 2 Days, Can It Challenge Shiba Inu and Dogecoin?
AI Shiba Coin (AISHIBC) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
AI Shiba Coin (AISHIBC), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and AI Shiba Coin presents a similar opportunity.
AI Shiba Coin has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,300% in the coming two days, and AI Shiba Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, AI Shiba Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy AI Shiba Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for AI Shiba Coin by entering its contract address – BHKw9yYrRnqfGM72hN4N9NLqXcJ6MRfbX48G2VfyURqx – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like AISHIBC.
AI Shiba Coin (AISHIBC), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and AI Shiba Coin presents a similar opportunity.
AI Shiba Coin has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,300% in the coming two days, and AI Shiba Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, AI Shiba Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy AI Shiba Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for AI Shiba Coin by entering its contract address – BHKw9yYrRnqfGM72hN4N9NLqXcJ6MRfbX48G2VfyURqx – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like AISHIBC.
Ripple Challenges SEC’s $2 Billion Fine, Proposes $10 Million As Reasonable Penalty
In a significant legal development, Ripple Labs has vigorously challenged the U.S. Securities and Exchange Commission’s (SEC) proposal for a nearly $2 billion fine against the blockchain-based payment protocol company.
The legal dispute stems from the SEC’s assertion that Ripple should face a substantial financial penalty, to which Ripple has responded by suggesting a more reasonable figure of no more than $10 million.
This legal contention surfaced in a recent court filing where Ripple Labs firmly opposed the SEC’s plea to a federal judge.
The blockchain giant argued against the imposition of the suggested penalties, which include an injunction, disgorgement of funds, and pre-judgment interest.
The submission emphasized Ripple’s commitment to regulatory compliance and criticized the SEC’s demands as overly severe, lacking both legal and principled foundations.
The filing elaborated on the SEC’s breakdown of the proposed fines, totaling nearly $2 billion, comprising $876 million in disgorgement, an additional $876 million in civil penalties, and $198 million in pre-judgment interest.
Ripple decried these figures as excessive and not reflective of their actual business revenues, though specific revenue details were redacted from the document.
The timing of these legal maneuvers was highlighted by Ripple Labs’ Chief Legal Officer, Stuart Alderoty, who, on March 25, disclosed the SEC’s punitive measures against Ripple.
READ MORE: President Biden Signs Bill Expanding Surveillance Powers, Sparking Privacy Concerns
Alderoty criticized the SEC’s persistent efforts to not only penalize Ripple but to cast a shadow over the broader cryptocurrency sector.
He described the SEC’s actions as an ongoing attempt to intimidate the industry throughout the U.S.
Moreover, Ripple’s filing presented a case for a more proportionate financial penalty.
It argued that a $10 million fine would be more aligned with fines levied in similar cases involving digital assets, where there was no evidence of intentional wrongdoing or significant harm or risk to others.
Alderoty also commented on the broader implications of the SEC’s aggressive stance, suggesting it represented a concerted effort to intimidate the entire crypto community in the U.S.
He remained hopeful, however, that the judge would consider the merits of Ripple’s arguments favorably during the final remedies phase of the case, particularly noting Ripple’s victories on several key issues in the proceedings.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
The legal dispute stems from the SEC’s assertion that Ripple should face a substantial financial penalty, to which Ripple has responded by suggesting a more reasonable figure of no more than $10 million.
This legal contention surfaced in a recent court filing where Ripple Labs firmly opposed the SEC’s plea to a federal judge.
The blockchain giant argued against the imposition of the suggested penalties, which include an injunction, disgorgement of funds, and pre-judgment interest.
The submission emphasized Ripple’s commitment to regulatory compliance and criticized the SEC’s demands as overly severe, lacking both legal and principled foundations.
The filing elaborated on the SEC’s breakdown of the proposed fines, totaling nearly $2 billion, comprising $876 million in disgorgement, an additional $876 million in civil penalties, and $198 million in pre-judgment interest.
Ripple decried these figures as excessive and not reflective of their actual business revenues, though specific revenue details were redacted from the document.
The timing of these legal maneuvers was highlighted by Ripple Labs’ Chief Legal Officer, Stuart Alderoty, who, on March 25, disclosed the SEC’s punitive measures against Ripple.
READ MORE: President Biden Signs Bill Expanding Surveillance Powers, Sparking Privacy Concerns
Alderoty criticized the SEC’s persistent efforts to not only penalize Ripple but to cast a shadow over the broader cryptocurrency sector.
He described the SEC’s actions as an ongoing attempt to intimidate the industry throughout the U.S.
Moreover, Ripple’s filing presented a case for a more proportionate financial penalty.
It argued that a $10 million fine would be more aligned with fines levied in similar cases involving digital assets, where there was no evidence of intentional wrongdoing or significant harm or risk to others.
Alderoty also commented on the broader implications of the SEC’s aggressive stance, suggesting it represented a concerted effort to intimidate the entire crypto community in the U.S.
He remained hopeful, however, that the judge would consider the merits of Ripple’s arguments favorably during the final remedies phase of the case, particularly noting Ripple’s victories on several key issues in the proceedings.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Homer on Solana (HOMSOL) Will Skyrocket 8,000% Before MEXC Listing, As Shiba Inu and Dogecoin Str...
Homer on Solana (HOMSOL) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Homer on Solana (HOMSOL), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because HOMSOL has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homer on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homer on Solana could become the next viral memecoin.
To buy Homer on Solana on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap SOL for Homer on Solana by entering its contract address – 3FfVJSBVgWptopDgtMqsNWPQbzDBt6VHqM1Y2SMMNL95 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HOMSOL.
Homer on Solana (HOMSOL), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because HOMSOL has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homer on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homer on Solana could become the next viral memecoin.
To buy Homer on Solana on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap SOL for Homer on Solana by entering its contract address – 3FfVJSBVgWptopDgtMqsNWPQbzDBt6VHqM1Y2SMMNL95 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HOMSOL.
Crypto.com Postpones South Korea Launch Amid Regulatory Scrutiny Over Money Laundering Concerns
Crypto.com, a Singapore-based cryptocurrency exchange, has delayed its planned expansion into South Korea following concerns raised by local regulators about potential money laundering activities.
The South Korean authorities, after reviewing the data submitted by Crypto.com, initiated an “emergency on-site inspection” due to Anti-Money Laundering (AML) issues identified.
A representative from the Financial Services Commission (FSC) conveyed the regulatory concerns to the media, stating, “We found concerns related to the prevention of money laundering activities in the submitted materials.”
The inspection by the Financial Intelligence Unit (FIU), which is part of the FSC, started on April 23, a few days before the exchange’s intended launch date in South Korea.
This proactive regulatory action underscores the stringent oversight in the South Korean financial sector, particularly concerning AML protocols.
Prior to these developments, Crypto.com had successfully obtained a virtual asset business license (VASP) in South Korea by acquiring a local cryptocurrency exchange, OKBit.
This was part of the platform’s efforts to penetrate the South Korean market, which is known for its tough regulatory environment for international exchanges.
Responding to the regulatory intervention, a spokesperson from Crypto.com announced the postponement of their launch originally scheduled for April 29.
The company expressed its commitment to compliance and cooperation with South Korean regulators: “Korea is a difficult market for international exchanges to enter, but we are committed to working with regulators to advance the industry responsibly for Koreans.”
READ MORE: As PEPE Leads, DOGE Accelerates, a New Player is Steering Toward Success
They also emphasized the intention to use the delay to ensure that Korean regulators are fully aware of Crypto.com’s AML measures, stating, “We will postpone our launch and take this opportunity to make sure Korean regulators understand our thorough policies, procedures, systems, and controls.”
Furthermore, South Korean financial authorities are taking additional steps to strengthen market integrity by planning to impose restrictions on the listing of digital assets associated with hacking incidents unless the root causes are clearly identified.
New regulatory guidelines will also demand that all foreign digital assets seeking listing in South Korea must publish a white paper or technical manual specifically for the local market.
However, tokens that have been listed on a licensed exchange for more than two years might be exempt from these new requirements.
The Financial Supervisory Service has been active in shaping these guidelines since late 2023, collaborating with stakeholders like the Digital Asset Exchange Association to ensure comprehensive regulatory frameworks that enhance transparency and protect investors.
Token issuers failing to disclose essential information risk being delisted from exchanges, reinforcing the country’s commitment to stringent regulatory oversight.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
The South Korean authorities, after reviewing the data submitted by Crypto.com, initiated an “emergency on-site inspection” due to Anti-Money Laundering (AML) issues identified.
A representative from the Financial Services Commission (FSC) conveyed the regulatory concerns to the media, stating, “We found concerns related to the prevention of money laundering activities in the submitted materials.”
The inspection by the Financial Intelligence Unit (FIU), which is part of the FSC, started on April 23, a few days before the exchange’s intended launch date in South Korea.
This proactive regulatory action underscores the stringent oversight in the South Korean financial sector, particularly concerning AML protocols.
Prior to these developments, Crypto.com had successfully obtained a virtual asset business license (VASP) in South Korea by acquiring a local cryptocurrency exchange, OKBit.
This was part of the platform’s efforts to penetrate the South Korean market, which is known for its tough regulatory environment for international exchanges.
Responding to the regulatory intervention, a spokesperson from Crypto.com announced the postponement of their launch originally scheduled for April 29.
The company expressed its commitment to compliance and cooperation with South Korean regulators: “Korea is a difficult market for international exchanges to enter, but we are committed to working with regulators to advance the industry responsibly for Koreans.”
READ MORE: As PEPE Leads, DOGE Accelerates, a New Player is Steering Toward Success
They also emphasized the intention to use the delay to ensure that Korean regulators are fully aware of Crypto.com’s AML measures, stating, “We will postpone our launch and take this opportunity to make sure Korean regulators understand our thorough policies, procedures, systems, and controls.”
Furthermore, South Korean financial authorities are taking additional steps to strengthen market integrity by planning to impose restrictions on the listing of digital assets associated with hacking incidents unless the root causes are clearly identified.
New regulatory guidelines will also demand that all foreign digital assets seeking listing in South Korea must publish a white paper or technical manual specifically for the local market.
However, tokens that have been listed on a licensed exchange for more than two years might be exempt from these new requirements.
The Financial Supervisory Service has been active in shaping these guidelines since late 2023, collaborating with stakeholders like the Digital Asset Exchange Association to ensure comprehensive regulatory frameworks that enhance transparency and protect investors.
Token issuers failing to disclose essential information risk being delisted from exchanges, reinforcing the country’s commitment to stringent regulatory oversight.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Venture Capitalists Threaten Long-Term Stability of Cryptocurrencies, Analyst Warns
The pervasive influence of venture capitalists (VCs) on newly-launched cryptocurrencies is considered detrimental to their long-term sustainability and market performance, despite the initial liquidity they bring.
According to a popular crypto analyst known as Route 2 FI, in an April 22 Substack post, he criticized the role of VCs and the process of permissionless token listing:
“Permissionless token listing and money-hungry VCs are bad for the individual token long term. Every year 100 new tokens launch.
“Diluting existing ones. It’s now April 2024, and inflows into altcoins seem way more selective and not enough to offset big unlocks.”
He further highlighted the problem with high fully diluted valuations (FDV) in token launches, which are appealing for early adopters due to potential large airdrops but are marred by the substantial unlocking schedules for early VC investors.
These schedules often lead to significant price drops as the market cannot sustain the inflated initial valuations. Route 2 FI expressed skepticism about the viability of such investments:
“I think most new VC scam coins (high FDV coins) eventually will dump hard AF. And that you can use this to your advantage in pair trading or in situations where you want to hedge.”
The total market cap of altcoins, excluding Bitcoin, had risen significantly by 38% year-to-date to $1.05 trillion, as per TradingView data.
Nonetheless, this growth is overshadowed by the potential risks associated with large VC unlocks.
The lack of sufficient demand to absorb the increased circulating supply results in downward pressure on prices.
READ MORE: President Biden Signs Bill Expanding Surveillance Powers, Sparking Privacy Concerns
This scenario is exacerbated by the potential exit of early buyers and developers, diminishing community trust and reducing total value locked (TVL) in the protocols, as Route 2 FI elaborated:
“At some point, the supply will outnumber the demand and we will start spiraling downwards due to massive inflation.
“Early buyers will get trapped, which leads to bearish sentiment among the community, reduced TVL in the protocol, devs (if any) leaving for greener fields, and team members quitting.”
In the broader context, the notion of an “altseason,” where altcoins surge following Bitcoin’s peaks, might be changing.
Despite over 300 noteworthy projects, the lack of enough liquidity could signal the end of this recurrent trend. Route 2 FI reflected on the new market dynamics:
“We hear a lot about altseason, but this time around I think things will be different… But ask yourself who is going to buy all these tokens.
“Unless institutions or retail are coming in masses, it will just be a forever PvP fight.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
According to a popular crypto analyst known as Route 2 FI, in an April 22 Substack post, he criticized the role of VCs and the process of permissionless token listing:
“Permissionless token listing and money-hungry VCs are bad for the individual token long term. Every year 100 new tokens launch.
“Diluting existing ones. It’s now April 2024, and inflows into altcoins seem way more selective and not enough to offset big unlocks.”
He further highlighted the problem with high fully diluted valuations (FDV) in token launches, which are appealing for early adopters due to potential large airdrops but are marred by the substantial unlocking schedules for early VC investors.
These schedules often lead to significant price drops as the market cannot sustain the inflated initial valuations. Route 2 FI expressed skepticism about the viability of such investments:
“I think most new VC scam coins (high FDV coins) eventually will dump hard AF. And that you can use this to your advantage in pair trading or in situations where you want to hedge.”
The total market cap of altcoins, excluding Bitcoin, had risen significantly by 38% year-to-date to $1.05 trillion, as per TradingView data.
Nonetheless, this growth is overshadowed by the potential risks associated with large VC unlocks.
The lack of sufficient demand to absorb the increased circulating supply results in downward pressure on prices.
READ MORE: President Biden Signs Bill Expanding Surveillance Powers, Sparking Privacy Concerns
This scenario is exacerbated by the potential exit of early buyers and developers, diminishing community trust and reducing total value locked (TVL) in the protocols, as Route 2 FI elaborated:
“At some point, the supply will outnumber the demand and we will start spiraling downwards due to massive inflation.
“Early buyers will get trapped, which leads to bearish sentiment among the community, reduced TVL in the protocol, devs (if any) leaving for greener fields, and team members quitting.”
In the broader context, the notion of an “altseason,” where altcoins surge following Bitcoin’s peaks, might be changing.
Despite over 300 noteworthy projects, the lack of enough liquidity could signal the end of this recurrent trend. Route 2 FI reflected on the new market dynamics:
“We hear a lot about altseason, but this time around I think things will be different… But ask yourself who is going to buy all these tokens.
“Unless institutions or retail are coming in masses, it will just be a forever PvP fight.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Hong Kong’s Spot Crypto ETF Launch: No Gateway for Mainland China Investors
The impending debut of spot Bitcoin and Ether exchange-traded funds (ETFs) in Hong Kong won’t extend market access to investors in mainland China, as per insights from Bloomberg data analyst Jack Wang.
After Hong Kong gave the nod to spot BTC and ETH ETFs, three Chinese asset management firms—China Asset Management, Harvest Global Investments, and Bosera—set the stage for the spot crypto ETFs via their Hong Kong subsidiaries by April 30.
Despite the close affiliations of ETF issuers with mainland China, they won’t be facilitating Bitcoin or Ether exposure for investors in that jurisdiction.
“Mainland Chinese citizens will not be able to participate in this,” Wang affirmed during a Bloomberg webinar on April 24, referencing a directive from the Chinese State Council in September 2021 that prohibits financial institutions from engaging in crypto-related transactions.
“Even for the futures-based crypto ETF listed in Hong Kong—I actually tried to set a trade—the brokers will just directly reject the trade,” Wang noted, emphasizing the immediate disconnect of Chinese investors from this product.
READ MORE: Hong Kong Approves First Wave of Spot Bitcoin and Ether ETFs for Trading
Wang further asserted that the launch of spot Bitcoin and Ether ETFs in Hong Kong won’t catalyze any positive changes in mainland China’s regulatory landscape nor open up the crypto market to Chinese investors.
“I would say it’s 100% not going to happen at least,” the analyst remarked.
Thomas Zhu, head of digital assets at China Asset Management, highlighted the potential eligibility of mainland Chinese investors to acquire crypto ETFs in Hong Kong contingent upon forthcoming regulatory adjustments.
Amidst buoyant anticipation surrounding the impending spot crypto ETF launch in Hong Kong, Bloomberg analyst James Seyffart underscored the dominance of Bitcoin ETFs in the United States, surpassing the total assets of all ETFs in Hong Kong.
“The U.S. ETF market is almost $9 trillion in assets—that’s trillion with a ‘T’. The entire Hong Kong ETF market is around $50 billion.
Mainland China ETFs are around $325 billion. We’re talking literal orders of magnitude differences in size and impact,” Seyffart elaborated in an X post on April 12.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
After Hong Kong gave the nod to spot BTC and ETH ETFs, three Chinese asset management firms—China Asset Management, Harvest Global Investments, and Bosera—set the stage for the spot crypto ETFs via their Hong Kong subsidiaries by April 30.
Despite the close affiliations of ETF issuers with mainland China, they won’t be facilitating Bitcoin or Ether exposure for investors in that jurisdiction.
“Mainland Chinese citizens will not be able to participate in this,” Wang affirmed during a Bloomberg webinar on April 24, referencing a directive from the Chinese State Council in September 2021 that prohibits financial institutions from engaging in crypto-related transactions.
“Even for the futures-based crypto ETF listed in Hong Kong—I actually tried to set a trade—the brokers will just directly reject the trade,” Wang noted, emphasizing the immediate disconnect of Chinese investors from this product.
READ MORE: Hong Kong Approves First Wave of Spot Bitcoin and Ether ETFs for Trading
Wang further asserted that the launch of spot Bitcoin and Ether ETFs in Hong Kong won’t catalyze any positive changes in mainland China’s regulatory landscape nor open up the crypto market to Chinese investors.
“I would say it’s 100% not going to happen at least,” the analyst remarked.
Thomas Zhu, head of digital assets at China Asset Management, highlighted the potential eligibility of mainland Chinese investors to acquire crypto ETFs in Hong Kong contingent upon forthcoming regulatory adjustments.
Amidst buoyant anticipation surrounding the impending spot crypto ETF launch in Hong Kong, Bloomberg analyst James Seyffart underscored the dominance of Bitcoin ETFs in the United States, surpassing the total assets of all ETFs in Hong Kong.
“The U.S. ETF market is almost $9 trillion in assets—that’s trillion with a ‘T’. The entire Hong Kong ETF market is around $50 billion.
Mainland China ETFs are around $325 billion. We’re talking literal orders of magnitude differences in size and impact,” Seyffart elaborated in an X post on April 12.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Select Altcoins to Grab Before They Might Skyrocket in 2024
The cryptocurrency market is demonstrating some strength as it holds its position above the $2.237 trillion Fibonacci support level, following a correction of 23%. This recuperation is way more important than you might think.
It has given hope to traders and analysts who are watching whether this support can remain strong even if there are more possible drops in value. Although there remains question marks about whether it can sustain these levels, the potential for an early sign of upward movement in technical indicators like MACD histogram might indicate a bullish turn. This careful hopefulness is balanced by the absence of significant upward movement as the market keeps on changing near important resistance points.
In this ever-changing setting, we have chosen handpicked altcoins such as Dogecoin (DOGE), VeChain (VET), and Monero (XMR). They could be seen as possible choices that may receive more attention by 2024 and possibly become recognized in mainstream society. They have displayed durability and possibility during a time of market instability. Dogecoin (DOGE) has managed to keep its community backing strong, VeChain (VET) provides inventive answers for supply chains, Monero (XMR) is appealing to those who want privacy. During these crucial times in the market, these altcoins are interesting to keep an eye on as they might become important participants in the changing crypto world.
Ride The Wave of Innovation with ScapesMania
The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype.
$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.
Just let the numbers speak for themselves:
Holder count: 18.41K
24-hour trading volume: $2.25M
Over 2,535 buys and 1,651 sells
ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut.
This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.
The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity.
Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.
With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.
Additional upsides that may be among the biggest deciding factors are:
The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
Experienced team. Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.
Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.
Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.
>>> Get $MANIA Now <<<
Dogecoin (DOGE): The Meme Coin’s Market Journey
Let’s start off strong. Recent trends indicate that Dogecoin (DOGE), while currently experiencing a downturn in its price, retains significant interest among retail investors. This interest is often linked to its appeal as a fairer investment compared to VC-backed coins with steep valuations. Historically, Dogecoin (DOGE) prices have shown the potential to rally significantly around the Bitcoin halving events, suggesting a pattern that could repeat.
Despite recent drops, historical patterns suggest that Dogecoin (DOGE) could be gearing up for another significant rally, potentially aiming for new all-time highs as market cycles progress. This cyclical nature underscores the speculative and highly volatile environment of memecoins like Dogecoin (DOGE).
Looking forward, while the potential for another price surge exists, particularly in connection to the Bitcoin halving cycle, the fundamentally speculative nature of Dogecoin (DOGE) makes predictions challenging. The coin’s market remains highly influenced by social media trends and retail investor sentiment, which can rapidly shift, thus presenting both opportunities and risks.
VeChain (VET): Innovating Beyond Crypto
The second project, VeChain (VET), does not really need much coverage. It gains traction with three million new holders but lags in price despite real-world progress, offering only modest upside potential.
Monero (XMR): The Privacy Pioneer’s Path
The final coin on today’s docket, Monero (XMR), remains a dominant player in the privacy-focused cryptocurrency space, appealing to users who prioritize transaction anonymity. However, this focus on privacy also brings scrutiny and potential regulatory challenges, which can impact market dynamics.
Monero (XMR) price exhibits volatility, with potential bullish trends in the short term influenced by market technicals and its appeal as a privacy coin. Yet, the price is also susceptible to the broader market sentiment and regulatory changes affecting privacy coins.
The path forward for Monero (XMR) will likely be influenced by the broader crypto market’s health and regulatory environment. Its strong privacy features remain both an asset and a challenge. Increased mainstream acceptance hinges on balancing privacy with regulatory compliance, potentially affecting its adoption and price trajectory.
Conclusion
The cryptocurrency market’s recent resilience, highlighted by its sustenance above significant Fibonacci support levels, alongside a 23% correction recovery, has injected a cautious optimism among stakeholders. This is particularly evident in the sustained interest and potential growth of altcoins such as Dogecoin (DOGE), VeChain (VET), and Monero (XMR), which are being eyed as potential mainstream hits by 2024. Despite the volatile market conditions, these altcoins show promise through their unique offerings and community support, positioning them as notable contenders in the rapidly evolving crypto landscape.
It has given hope to traders and analysts who are watching whether this support can remain strong even if there are more possible drops in value. Although there remains question marks about whether it can sustain these levels, the potential for an early sign of upward movement in technical indicators like MACD histogram might indicate a bullish turn. This careful hopefulness is balanced by the absence of significant upward movement as the market keeps on changing near important resistance points.
In this ever-changing setting, we have chosen handpicked altcoins such as Dogecoin (DOGE), VeChain (VET), and Monero (XMR). They could be seen as possible choices that may receive more attention by 2024 and possibly become recognized in mainstream society. They have displayed durability and possibility during a time of market instability. Dogecoin (DOGE) has managed to keep its community backing strong, VeChain (VET) provides inventive answers for supply chains, Monero (XMR) is appealing to those who want privacy. During these crucial times in the market, these altcoins are interesting to keep an eye on as they might become important participants in the changing crypto world.
Ride The Wave of Innovation with ScapesMania
The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype.
$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.
Just let the numbers speak for themselves:
Holder count: 18.41K
24-hour trading volume: $2.25M
Over 2,535 buys and 1,651 sells
ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut.
This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.
The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity.
Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.
With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.
Additional upsides that may be among the biggest deciding factors are:
The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
Experienced team. Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.
Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.
Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.
>>> Get $MANIA Now <<<
Dogecoin (DOGE): The Meme Coin’s Market Journey
Let’s start off strong. Recent trends indicate that Dogecoin (DOGE), while currently experiencing a downturn in its price, retains significant interest among retail investors. This interest is often linked to its appeal as a fairer investment compared to VC-backed coins with steep valuations. Historically, Dogecoin (DOGE) prices have shown the potential to rally significantly around the Bitcoin halving events, suggesting a pattern that could repeat.
Despite recent drops, historical patterns suggest that Dogecoin (DOGE) could be gearing up for another significant rally, potentially aiming for new all-time highs as market cycles progress. This cyclical nature underscores the speculative and highly volatile environment of memecoins like Dogecoin (DOGE).
Looking forward, while the potential for another price surge exists, particularly in connection to the Bitcoin halving cycle, the fundamentally speculative nature of Dogecoin (DOGE) makes predictions challenging. The coin’s market remains highly influenced by social media trends and retail investor sentiment, which can rapidly shift, thus presenting both opportunities and risks.
VeChain (VET): Innovating Beyond Crypto
The second project, VeChain (VET), does not really need much coverage. It gains traction with three million new holders but lags in price despite real-world progress, offering only modest upside potential.
Monero (XMR): The Privacy Pioneer’s Path
The final coin on today’s docket, Monero (XMR), remains a dominant player in the privacy-focused cryptocurrency space, appealing to users who prioritize transaction anonymity. However, this focus on privacy also brings scrutiny and potential regulatory challenges, which can impact market dynamics.
Monero (XMR) price exhibits volatility, with potential bullish trends in the short term influenced by market technicals and its appeal as a privacy coin. Yet, the price is also susceptible to the broader market sentiment and regulatory changes affecting privacy coins.
The path forward for Monero (XMR) will likely be influenced by the broader crypto market’s health and regulatory environment. Its strong privacy features remain both an asset and a challenge. Increased mainstream acceptance hinges on balancing privacy with regulatory compliance, potentially affecting its adoption and price trajectory.
Conclusion
The cryptocurrency market’s recent resilience, highlighted by its sustenance above significant Fibonacci support levels, alongside a 23% correction recovery, has injected a cautious optimism among stakeholders. This is particularly evident in the sustained interest and potential growth of altcoins such as Dogecoin (DOGE), VeChain (VET), and Monero (XMR), which are being eyed as potential mainstream hits by 2024. Despite the volatile market conditions, these altcoins show promise through their unique offerings and community support, positioning them as notable contenders in the rapidly evolving crypto landscape.
Homer on Solana (HOMSOL) to Rally 8,000% Before MEXC Listing, As Shiba Inu and Dogecoin Struggle
Homer on Solana (HOMSOL) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Homer on Solana (HOMSOL), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because HOMSOL has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homer on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homer on Solana could become the next viral memecoin.
To buy Homer on Solana on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap SOL for Homer on Solana by entering its contract address – 3FfVJSBVgWptopDgtMqsNWPQbzDBt6VHqM1Y2SMMNL95 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HOMSOL.
Homer on Solana (HOMSOL), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because HOMSOL has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homer on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homer on Solana could become the next viral memecoin.
To buy Homer on Solana on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap SOL for Homer on Solana by entering its contract address – 3FfVJSBVgWptopDgtMqsNWPQbzDBt6VHqM1Y2SMMNL95 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HOMSOL.
Bitcoin Holds Firm Above $63,000 Despite Regulatory Scrutiny and Economic Turbulence
Despite facing various challenges, Bitcoin maintained its position above $63,000 on April 26. Outflows from spot Bitcoin exchange-traded funds (ETFs), regulatory concerns, and scrutiny from U.S. senators did not deter its stability.
Farside Investors reported that spot Bitcoin ETFs in the U.S. experienced a net outflow of $218 million on April 25, following a $120 million outflow the previous day.
Franklin Templeton was the sole provider to register inflows on April 25, suggesting that the trend of withdrawals was not solely due to high fees at Grayscale GBTC.
On April 25, U.S. Senators Elizabeth Warren and Bill Cassidy wrote to the U.S. Department of Justice and the Department of Homeland Security, seeking details on measures to address pseudonymous cryptocurrency payments related to child abuse material.
They referenced a Chainalysis report and emphasized the importance of punishing those involved in such illicit activities.
Despite these challenges, Bitcoin bulls find optimism in deteriorating global macroeconomic conditions.
The U.S. Personal Consumption Expenditures (PCE) rose by 2.8% year-over-year in March, exceeding the target set by the U.S. Federal Reserve.
This inflation rise is concerning, especially as first-quarter U.S. gross domestic product (GDP) growth was lower than expected at 1.6%.
Market expectations suggest that the Fed may maintain higher interest rates for an extended period.
George Mateyo, chief investment officer at Key Wealth, noted that while the prospects of rate cuts remain, they are not assured, and the Fed may require weakness in the labor market before considering cuts.
READ MORE: Bitcoin Transactions Surge to All-Time High Following Halving: Runes Protocol Leads the Way
Lawrence MacDonald, founder of “The Bear Traps Report,” projected that interest payments as a percentage of federal spending in the U.S. would increase to 12.3% in 2024.
Recent government bond auctions showed a tepid response from investors, with the five-year U.S. Treasury yield reaching its highest levels in nearly six months on April 25.
Bitcoin investors are cautious about the unsustainable trajectory of U.S. government fiscal policies, as lower interest rates to alleviate debt burden could lead to higher inflation.
The situation is not unique to the U.S.; Japan, the world’s fourth-largest economy, experienced a significant devaluation of its currency, the yen, reaching its lowest level since 1990, and a lower-than-expected inflation rate of 1.8% in April.
Geiger Capital, a user on the X social network, highlighted that the Bank of Japan (BOJ) is restricted from raising interest rates due to the country’s staggering 265% debt-to-GDP ratio.
While a weaker yen benefits exports, it hampers domestic consumption.
Moreover, as the largest holders of U.S. Treasurys, Japanese investors’ actions significantly impact the global economy.
In summary, Bitcoin’s price faced challenges from outflows in U.S. spot ETFs, regulatory pressures, and global economic downturns.
Nonetheless, some analysts believe that worsening global economic conditions may prompt additional stimulus measures by central banks, potentially benefiting Bitcoin due to its scarcity and resistance to censorship.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Farside Investors reported that spot Bitcoin ETFs in the U.S. experienced a net outflow of $218 million on April 25, following a $120 million outflow the previous day.
Franklin Templeton was the sole provider to register inflows on April 25, suggesting that the trend of withdrawals was not solely due to high fees at Grayscale GBTC.
On April 25, U.S. Senators Elizabeth Warren and Bill Cassidy wrote to the U.S. Department of Justice and the Department of Homeland Security, seeking details on measures to address pseudonymous cryptocurrency payments related to child abuse material.
They referenced a Chainalysis report and emphasized the importance of punishing those involved in such illicit activities.
Despite these challenges, Bitcoin bulls find optimism in deteriorating global macroeconomic conditions.
The U.S. Personal Consumption Expenditures (PCE) rose by 2.8% year-over-year in March, exceeding the target set by the U.S. Federal Reserve.
This inflation rise is concerning, especially as first-quarter U.S. gross domestic product (GDP) growth was lower than expected at 1.6%.
Market expectations suggest that the Fed may maintain higher interest rates for an extended period.
George Mateyo, chief investment officer at Key Wealth, noted that while the prospects of rate cuts remain, they are not assured, and the Fed may require weakness in the labor market before considering cuts.
READ MORE: Bitcoin Transactions Surge to All-Time High Following Halving: Runes Protocol Leads the Way
Lawrence MacDonald, founder of “The Bear Traps Report,” projected that interest payments as a percentage of federal spending in the U.S. would increase to 12.3% in 2024.
Recent government bond auctions showed a tepid response from investors, with the five-year U.S. Treasury yield reaching its highest levels in nearly six months on April 25.
Bitcoin investors are cautious about the unsustainable trajectory of U.S. government fiscal policies, as lower interest rates to alleviate debt burden could lead to higher inflation.
The situation is not unique to the U.S.; Japan, the world’s fourth-largest economy, experienced a significant devaluation of its currency, the yen, reaching its lowest level since 1990, and a lower-than-expected inflation rate of 1.8% in April.
Geiger Capital, a user on the X social network, highlighted that the Bank of Japan (BOJ) is restricted from raising interest rates due to the country’s staggering 265% debt-to-GDP ratio.
While a weaker yen benefits exports, it hampers domestic consumption.
Moreover, as the largest holders of U.S. Treasurys, Japanese investors’ actions significantly impact the global economy.
In summary, Bitcoin’s price faced challenges from outflows in U.S. spot ETFs, regulatory pressures, and global economic downturns.
Nonetheless, some analysts believe that worsening global economic conditions may prompt additional stimulus measures by central banks, potentially benefiting Bitcoin due to its scarcity and resistance to censorship.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
AI Shiba Coin Will Rally 8,300% in Two Days While Shiba Inu and Dogecoin Lose Momentum
AI Shiba Coin (AISHIBC) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
AI Shiba Coin (AISHIBC), a Solana memecoin that was launched this week, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and AI Shiba Coin presents a similar opportunity.
AI Shiba Coin has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,300% in the coming two days, and AI Shiba Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, AI Shiba Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy AI Shiba Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for AI Shiba Coin by entering its contract address – BHKw9yYrRnqfGM72hN4N9NLqXcJ6MRfbX48G2VfyURqx – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like AISHIBC.
AI Shiba Coin (AISHIBC), a Solana memecoin that was launched this week, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and AI Shiba Coin presents a similar opportunity.
AI Shiba Coin has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,300% in the coming two days, and AI Shiba Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, AI Shiba Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy AI Shiba Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for AI Shiba Coin by entering its contract address – BHKw9yYrRnqfGM72hN4N9NLqXcJ6MRfbX48G2VfyURqx – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like AISHIBC.
Franklin Templeton Launches Spot Ether ETF on DTCC Platform Amid SEC Review
Franklin Templeton, a prominent asset management firm, has unveiled its spot Ether exchange-traded fund (ETF), known as the Franklin Ethereum TR Ethereum ETF (EZET), on the Depository Trust and Clearing Corporation (DTCC) website, a key platform for securities transactions in the United States.
Displayed within the DTCC website’s “Create/Redeem” section, the presence of the ETF suggests it is open for creation and redemption.
However, this listing doesn’t guarantee approval for Franklin’s spot Ether ETF application with the United States Securities and Exchange Commission (SEC).
While the DTCC website commonly showcases securities eligible for trading and settlement, including ETFs that have undergone specific registration or compliance procedures, the SEC holds authority over the approval status of ETF filings. This decision hinges on diverse regulatory criteria and considerations.
Having submitted its Form S-1 to the SEC on Feb. 12, the $1.5 trillion asset management firm sought approval for a spot Ether (ETH) ETF. If given the green light, this ETF would be traded under the name “Franklin Ethereum ETF” on the Chicago Board Options Exchange.
READ MORE: Robinhood Broadens Cryptocurrency Reach: New Yorkers Gain Access to SHIB, AVAX, and COMP Trading
The SEC opted to postpone its decision regarding Franklin Templeton’s ETF application on April 23, extending the review timeline for the proposed rule change related to the listing and trading of Franklin Ethereum Trust shares on the Cboe BZX Exchange.
This extension grants the SEC until June 11, providing an additional 45 days for thorough evaluation.
Various industry giants such as BlackRock, Grayscale, VanEck, and ARK Invest have also joined the race for spot Ether ETFs.
However, the likelihood of SEC approval for spot Ethereum ETFs differs from that of spot Bitcoin ETFs, which were approved in January.
In March, Bloomberg ETF analyst Eric Balchunas estimated the probability of the SEC approving a spot Ether ETF in May at approximately 35%.
He noted the SEC’s relatively less active stance compared to the Bitcoin ETF application process and highlighted the potential impact of SEC Chair Gary Gensler’s position on Ether, which remains unclear as Gensler has refrained from definitively classifying Ether as a security.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Displayed within the DTCC website’s “Create/Redeem” section, the presence of the ETF suggests it is open for creation and redemption.
However, this listing doesn’t guarantee approval for Franklin’s spot Ether ETF application with the United States Securities and Exchange Commission (SEC).
While the DTCC website commonly showcases securities eligible for trading and settlement, including ETFs that have undergone specific registration or compliance procedures, the SEC holds authority over the approval status of ETF filings. This decision hinges on diverse regulatory criteria and considerations.
Having submitted its Form S-1 to the SEC on Feb. 12, the $1.5 trillion asset management firm sought approval for a spot Ether (ETH) ETF. If given the green light, this ETF would be traded under the name “Franklin Ethereum ETF” on the Chicago Board Options Exchange.
READ MORE: Robinhood Broadens Cryptocurrency Reach: New Yorkers Gain Access to SHIB, AVAX, and COMP Trading
The SEC opted to postpone its decision regarding Franklin Templeton’s ETF application on April 23, extending the review timeline for the proposed rule change related to the listing and trading of Franklin Ethereum Trust shares on the Cboe BZX Exchange.
This extension grants the SEC until June 11, providing an additional 45 days for thorough evaluation.
Various industry giants such as BlackRock, Grayscale, VanEck, and ARK Invest have also joined the race for spot Ether ETFs.
However, the likelihood of SEC approval for spot Ethereum ETFs differs from that of spot Bitcoin ETFs, which were approved in January.
In March, Bloomberg ETF analyst Eric Balchunas estimated the probability of the SEC approving a spot Ether ETF in May at approximately 35%.
He noted the SEC’s relatively less active stance compared to the Bitcoin ETF application process and highlighted the potential impact of SEC Chair Gary Gensler’s position on Ether, which remains unclear as Gensler has refrained from definitively classifying Ether as a security.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Homer on Solana (HOMSOL) to Surge 7,000% Before MEXC Listing, As Shiba Inu and Dogecoin Struggle
Homer on Solana (HOMSOL) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Homer on Solana (HOMSOL), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because HOMSOL has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homer on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homer on Solana could become the next viral memecoin.
To buy Homer on Solana on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap SOL for Homer on Solana by entering its contract address – 3FfVJSBVgWptopDgtMqsNWPQbzDBt6VHqM1Y2SMMNL95 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HOMSOL.
Homer on Solana (HOMSOL), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because HOMSOL has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homer on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homer on Solana could become the next viral memecoin.
To buy Homer on Solana on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap SOL for Homer on Solana by entering its contract address – 3FfVJSBVgWptopDgtMqsNWPQbzDBt6VHqM1Y2SMMNL95 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HOMSOL.
Bitcoin Slides As Market Struggles, Analysts Warn of Extended Sideways Movement
Bitcoin experienced a decline leading up to the Wall Street opening on April 26, with prevailing trading conditions restraining bullish momentum.
According to data from Cointelegraph Markets Pro and TradingView, BTC retraced from its peak of $65,300 to the daily close.
The market remained ensnared within a stubborn trading range, influenced by problematic macroeconomic indicators and underwhelming performance from US spot Bitcoin exchange-traded funds (ETFs).
These ETFs witnessed net outflows exceeding $200 million the previous day, dampening what initially seemed a promising week start.
James Seyffart, an ETF analyst at Bloomberg, highlighted the downturn, noting, “5 ETFs saw outflows for a total of -$217 million. Franklin was the only ETF with an inflow at $1.9 million.”
As a subdued sentiment pervaded the crypto sphere, some observers speculated on the prolonged absence of a clear Bitcoin price trend.
READ MORE: Robinhood Broadens Cryptocurrency Reach: New Yorkers Gain Access to SHIB, AVAX, and COMP Trading
However, Michaël van de Poppe, founder and CEO of trading firm MNTrading, countered this narrative, foreseeing substantial divergence in altcoins leading to anticipated gains.
He remarked, “Bitcoin is still stuck in a range. I don’t think we’ll see much happening from here for the coming 3-6 months. Slow sideways, perhaps a grind. Expecting way more from Altcoins.”
On April 26, Bitcoin’s dominance in the overall crypto market stood at 55%, down from its recent peak of 57% on April 13 — the highest level in two years.
Meanwhile, renowned trader and analyst Rekt Capital, monitoring BTC price performance post-block subsidy halving, set a two-week timeframe for any significant downturns.
He cautioned, “In this cycle, Bitcoin has entered the Post-Halving ‘Danger Zone’ (purple) and is very near the Range Low.
“If additional downside volatility below the Range Low is to occur, it would be during these upcoming two weeks.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
According to data from Cointelegraph Markets Pro and TradingView, BTC retraced from its peak of $65,300 to the daily close.
The market remained ensnared within a stubborn trading range, influenced by problematic macroeconomic indicators and underwhelming performance from US spot Bitcoin exchange-traded funds (ETFs).
These ETFs witnessed net outflows exceeding $200 million the previous day, dampening what initially seemed a promising week start.
James Seyffart, an ETF analyst at Bloomberg, highlighted the downturn, noting, “5 ETFs saw outflows for a total of -$217 million. Franklin was the only ETF with an inflow at $1.9 million.”
As a subdued sentiment pervaded the crypto sphere, some observers speculated on the prolonged absence of a clear Bitcoin price trend.
READ MORE: Robinhood Broadens Cryptocurrency Reach: New Yorkers Gain Access to SHIB, AVAX, and COMP Trading
However, Michaël van de Poppe, founder and CEO of trading firm MNTrading, countered this narrative, foreseeing substantial divergence in altcoins leading to anticipated gains.
He remarked, “Bitcoin is still stuck in a range. I don’t think we’ll see much happening from here for the coming 3-6 months. Slow sideways, perhaps a grind. Expecting way more from Altcoins.”
On April 26, Bitcoin’s dominance in the overall crypto market stood at 55%, down from its recent peak of 57% on April 13 — the highest level in two years.
Meanwhile, renowned trader and analyst Rekt Capital, monitoring BTC price performance post-block subsidy halving, set a two-week timeframe for any significant downturns.
He cautioned, “In this cycle, Bitcoin has entered the Post-Halving ‘Danger Zone’ (purple) and is very near the Range Low.
“If additional downside volatility below the Range Low is to occur, it would be during these upcoming two weeks.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Meme Coin Market Primed for Explosive Growth: Projections Suggest 100x Increase
The meme coin market, exemplified by Shiba Inu (SHIB), appears set for exponential growth, as indicated by Andrew Kang, co-founder of Mechanism Capital.
Kang predicts a potential 100-fold increase in market capitalization for Shiba Inu and similar tokens.
Institutional investors are gradually increasing their allocation to meme coins, moving from less than 1% to potentially 15% or more.
Kang emphasizes the importance of “Kelly optimizing,” implying maximizing bets before this anticipated surge, rather than after.
Venture capitalists (VCs) are driving this momentum, recognizing meme coins as profitable ventures.
Notably, Symbolic Capital Partners has disclosed substantial investments in SHIB, exemplifying a broader trend of VC firms entering the meme coin space.
Symbolic Capital Partners’ stake in SHIB, valued at $1.64 million and totaling 65.97 billion tokens, illustrates VCs’ confidence in the future prospects of meme coins.
Kang’s projections hint at institutional interest propelling meme coins to unprecedented market cap levels, potentially increasing by tenfold to 100-fold.
READ MORE: Hong Kong Approves First Wave of Spot Bitcoin and Ether ETFs for Trading
If realized, this would mark a significant shift in cryptocurrency investment strategies, with institutional portfolios pivoting towards meme coins.
The disclosure of substantial SHIB holdings by VC firms reflects a broader trend of institutional involvement in cryptocurrencies, extending beyond traditional assets like Bitcoin and Ethereum.
This trend signifies a growing acknowledgment of the disruptive potential of meme coins.
With SHIB’s current market capitalization standing at $14.61 billion, Kang’s forecast could propel it to a staggering $1.46 trillion, surpassing established cryptocurrencies’ market shares.
Assuming SHIB’s market supply remains constant, a $1.46 trillion market cap would translate to a per-SHIB price of $0.00247, a significant increase from its current value of $0.0000247.
In summary, the projected surge in meme coin market capitalization, led by Shiba Inu, presents a remarkable opportunity in the crypto sphere.
With institutional interest reaching unprecedented levels, we are on the cusp of a transformative period that could redefine digital investments.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Kang predicts a potential 100-fold increase in market capitalization for Shiba Inu and similar tokens.
Institutional investors are gradually increasing their allocation to meme coins, moving from less than 1% to potentially 15% or more.
Kang emphasizes the importance of “Kelly optimizing,” implying maximizing bets before this anticipated surge, rather than after.
Venture capitalists (VCs) are driving this momentum, recognizing meme coins as profitable ventures.
Notably, Symbolic Capital Partners has disclosed substantial investments in SHIB, exemplifying a broader trend of VC firms entering the meme coin space.
Symbolic Capital Partners’ stake in SHIB, valued at $1.64 million and totaling 65.97 billion tokens, illustrates VCs’ confidence in the future prospects of meme coins.
Kang’s projections hint at institutional interest propelling meme coins to unprecedented market cap levels, potentially increasing by tenfold to 100-fold.
READ MORE: Hong Kong Approves First Wave of Spot Bitcoin and Ether ETFs for Trading
If realized, this would mark a significant shift in cryptocurrency investment strategies, with institutional portfolios pivoting towards meme coins.
The disclosure of substantial SHIB holdings by VC firms reflects a broader trend of institutional involvement in cryptocurrencies, extending beyond traditional assets like Bitcoin and Ethereum.
This trend signifies a growing acknowledgment of the disruptive potential of meme coins.
With SHIB’s current market capitalization standing at $14.61 billion, Kang’s forecast could propel it to a staggering $1.46 trillion, surpassing established cryptocurrencies’ market shares.
Assuming SHIB’s market supply remains constant, a $1.46 trillion market cap would translate to a per-SHIB price of $0.00247, a significant increase from its current value of $0.0000247.
In summary, the projected surge in meme coin market capitalization, led by Shiba Inu, presents a remarkable opportunity in the crypto sphere.
With institutional interest reaching unprecedented levels, we are on the cusp of a transformative period that could redefine digital investments.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
AI Shiba Coin (AISHIBC) Prepares for Massive Gains After Solana Launch, Looks to Challenge Shiba ...
AI Shiba Coin (AISHIBC) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
AI Shiba Coin (AISHIBC), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and AI Shiba Coin presents a similar opportunity.
AI Shiba Coin has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,300% in the coming two days, and AI Shiba Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, AI Shiba Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy AI Shiba Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for AI Shiba Coin by entering its contract address – BHKw9yYrRnqfGM72hN4N9NLqXcJ6MRfbX48G2VfyURqx – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like AISHIBC.
AI Shiba Coin (AISHIBC), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and AI Shiba Coin presents a similar opportunity.
AI Shiba Coin has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,300% in the coming two days, and AI Shiba Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, AI Shiba Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy AI Shiba Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for AI Shiba Coin by entering its contract address – BHKw9yYrRnqfGM72hN4N9NLqXcJ6MRfbX48G2VfyURqx – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like AISHIBC.
Tate’s Bugatti (TATEBUG) Will Surge Over 8,000% Ahead of MEXC Listing, While Shiba Inu and Dogeco...
Tate’s Bugatti (TATEBUG) could turn early investors into multi-millionaires if it becomes a popular memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Tate’s Bugatti (TATEBUG), a new Solana memecoin that was launched this week, is poised to explode over 8,000% in price in the coming days.
This is because TATEBUG has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Tate’s Bugatti can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Tate’s Bugatti could become the next viral memecoin.
Tate’s Bugatti launched with over $54,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Tate’s Bugatti on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Tate’s Bugatti by entering its contract address – 5tfnSQC1QUoYqzHvWGwyZSiUdA4RMkg6k5XZKeige9zJ – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TATEBUG.
Tate’s Bugatti (TATEBUG), a new Solana memecoin that was launched this week, is poised to explode over 8,000% in price in the coming days.
This is because TATEBUG has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Tate’s Bugatti can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Tate’s Bugatti could become the next viral memecoin.
Tate’s Bugatti launched with over $54,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Tate’s Bugatti on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Tate’s Bugatti by entering its contract address – 5tfnSQC1QUoYqzHvWGwyZSiUdA4RMkg6k5XZKeige9zJ – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TATEBUG.
Top Altcoins on Track for Explosive Growth in 2024
The world of cryptocurrency has been going through a blend of getting better and unsure times. Following a big fall which caused around 23% decrease in values, movement above important support levels recently has brought hope for possible bullish momentum. The fact that the market can keep its place above the $2.237 trillion Fibonacci support indicates we might be approaching an end to the worst part of the correction phase. However, with a hopeful sign appearing, the stability of this change is still in doubt. The mixed signals from indicators such as Moving Average Convergence/Divergence (MACD) and Relative Strength Index (RSI) show complex outlooks. We need to wait for confirmation on whether or not this recovery can be sustained because the market is still balancing at these important support levels.
In the big picture of the market, altcoins like Aptos (APT), Optimism (OP), and Sui (SUI) are standing out for possibly seeing substantial growth in 2024. These coins have displayed strength and promise even when the market is not stable. Aptos (APT) and Optimism (OP) have been recognized for their novel ways of managing transactions as well as improving user interaction, while the Sui (SUI) offering seems interestingly distinctive. These altcoins will be interesting to observe as they deal with the changing market, potentially leading to significant growth in the next year.
Ride The Wave of Innovation with ScapesMania
The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype.
$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.
Just let the numbers speak for themselves:
Holder count: 18.41K
24-hour trading volume: $2.25M
Over 2,535 buys and 1,651 sells
ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut.
This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.
The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity.
Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.
With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.
Additional upsides that may be among the biggest deciding factors are:
The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
Experienced team. Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.
Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.
Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.
>>> Get $MANIA Now <<<
Aptos (APT): Driving the Future of Open Finance
Aptos (APT) has recently showcased its robust influence in the decentralized finance (DeFi) sector during the DeFi Days summit held in Hong Kong. This event has highlighted Aptos (APT) commitment to fostering an inclusive financial future through collaboration and technological innovation.
During the summit, over 150 attendees including developers, investors, and finance professionals gathered to discuss and explore the advancements in the Aptos (APT) ecosystem. The focus was on democratizing finance and leveraging the technical capabilities of the Aptos (APT) blockchain to bring a more accessible and inclusive financial future. Notable speakers from various sectors provided insights into the real-world applications and potential of decentralized solutions.
The summit’s success suggests a promising outlook for Aptos (APT), as it continues to attract partnerships and expand its ecosystem. However, the challenges of wide-scale adoption and competition from other blockchain projects remain significant hurdles. The ability to maintain momentum and innovate continuously will be crucial for Aptos (APT) as it aims to solidify its position in the competitive DeFi landscape.
Optimism (OP): Leading in Developer Engagement
Optimism (OP) stands out as a leader in developer activity, primarily influenced by its integration with Ethereum’s latest upgrades. This surge in developer interest highlights Optimism (OP) role as a vital Layer-2 solution enhancing Ethereum’s scalability and efficiency.
The increase in developer activity on Optimism (OP) is a strong indicator of its robust health and growing ecosystem. The platform has outpaced other major protocols like Cardano and Polkadot in attracting developers, which could translate to more innovative projects and increased utility on the Optimism network.
Optimism (OP) future seems bright, bolstered by its leading position in developer activity and strategic upgrades. However, maintaining this lead will require continuous development and adaptation to new technological advancements in blockchain. The competition from other Layer-2 solutions also poses a significant challenge.
Sui (SUI): Expanding DeFi Horizons
Sui (SUI) has made significant strides in the decentralized finance space with the integration of the FDUSD stablecoin, valued at $3 billion. This strategic move has notably enhanced the liquidity and utility of the Sui (SUI) blockchain.
The integration of a high-value stablecoin like FDUSD on the Sui blockchain marks a critical development in its ecosystem, attracting attention from investors and developers alike. This has significantly boosted the Sui (SUI) blockchain’s visibility and credibility in the DeFi sector.
With its innovative technology and strategic partnerships, Sui (SUI) is well-positioned for future growth. However, the challenge lies in sustaining the momentum and expanding its user base amid increasing competition in the blockchain space. The ongoing development and adoption of its platform will be key to its long-term success.
Conclusion
As the cryptocurrency market navigates through a mix of recovery and uncertainty, altcoins like Aptos (APT), Optimism (OP), and Sui (SUI) stand out with significant growth potential. Despite a recent 23% downturn, the market’s resilience above key support levels hints at an end to the corrective phase, though its future stability remains uncertain due to mixed indicator signals. This backdrop sets the stage for these altcoins, each noted for its unique contributions to the blockchain ecosystem, to potentially lead the next wave of market expansion in 2024.
Aptos (APT), Optimism (OP), and Sui (SUI) continue to innovate within their respective areas, enhancing user experiences and transaction processing capabilities. As these altcoins navigate fluctuating market conditions, their journey will be crucial to watch, potentially heralding a new era of growth and technological advancement in the broader cryptocurrency landscape.
In the big picture of the market, altcoins like Aptos (APT), Optimism (OP), and Sui (SUI) are standing out for possibly seeing substantial growth in 2024. These coins have displayed strength and promise even when the market is not stable. Aptos (APT) and Optimism (OP) have been recognized for their novel ways of managing transactions as well as improving user interaction, while the Sui (SUI) offering seems interestingly distinctive. These altcoins will be interesting to observe as they deal with the changing market, potentially leading to significant growth in the next year.
Ride The Wave of Innovation with ScapesMania
The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype.
$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.
Just let the numbers speak for themselves:
Holder count: 18.41K
24-hour trading volume: $2.25M
Over 2,535 buys and 1,651 sells
ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut.
This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.
The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity.
Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.
With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.
Additional upsides that may be among the biggest deciding factors are:
The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
Experienced team. Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.
Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.
Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.
>>> Get $MANIA Now <<<
Aptos (APT): Driving the Future of Open Finance
Aptos (APT) has recently showcased its robust influence in the decentralized finance (DeFi) sector during the DeFi Days summit held in Hong Kong. This event has highlighted Aptos (APT) commitment to fostering an inclusive financial future through collaboration and technological innovation.
During the summit, over 150 attendees including developers, investors, and finance professionals gathered to discuss and explore the advancements in the Aptos (APT) ecosystem. The focus was on democratizing finance and leveraging the technical capabilities of the Aptos (APT) blockchain to bring a more accessible and inclusive financial future. Notable speakers from various sectors provided insights into the real-world applications and potential of decentralized solutions.
The summit’s success suggests a promising outlook for Aptos (APT), as it continues to attract partnerships and expand its ecosystem. However, the challenges of wide-scale adoption and competition from other blockchain projects remain significant hurdles. The ability to maintain momentum and innovate continuously will be crucial for Aptos (APT) as it aims to solidify its position in the competitive DeFi landscape.
Optimism (OP): Leading in Developer Engagement
Optimism (OP) stands out as a leader in developer activity, primarily influenced by its integration with Ethereum’s latest upgrades. This surge in developer interest highlights Optimism (OP) role as a vital Layer-2 solution enhancing Ethereum’s scalability and efficiency.
The increase in developer activity on Optimism (OP) is a strong indicator of its robust health and growing ecosystem. The platform has outpaced other major protocols like Cardano and Polkadot in attracting developers, which could translate to more innovative projects and increased utility on the Optimism network.
Optimism (OP) future seems bright, bolstered by its leading position in developer activity and strategic upgrades. However, maintaining this lead will require continuous development and adaptation to new technological advancements in blockchain. The competition from other Layer-2 solutions also poses a significant challenge.
Sui (SUI): Expanding DeFi Horizons
Sui (SUI) has made significant strides in the decentralized finance space with the integration of the FDUSD stablecoin, valued at $3 billion. This strategic move has notably enhanced the liquidity and utility of the Sui (SUI) blockchain.
The integration of a high-value stablecoin like FDUSD on the Sui blockchain marks a critical development in its ecosystem, attracting attention from investors and developers alike. This has significantly boosted the Sui (SUI) blockchain’s visibility and credibility in the DeFi sector.
With its innovative technology and strategic partnerships, Sui (SUI) is well-positioned for future growth. However, the challenge lies in sustaining the momentum and expanding its user base amid increasing competition in the blockchain space. The ongoing development and adoption of its platform will be key to its long-term success.
Conclusion
As the cryptocurrency market navigates through a mix of recovery and uncertainty, altcoins like Aptos (APT), Optimism (OP), and Sui (SUI) stand out with significant growth potential. Despite a recent 23% downturn, the market’s resilience above key support levels hints at an end to the corrective phase, though its future stability remains uncertain due to mixed indicator signals. This backdrop sets the stage for these altcoins, each noted for its unique contributions to the blockchain ecosystem, to potentially lead the next wave of market expansion in 2024.
Aptos (APT), Optimism (OP), and Sui (SUI) continue to innovate within their respective areas, enhancing user experiences and transaction processing capabilities. As these altcoins navigate fluctuating market conditions, their journey will be crucial to watch, potentially heralding a new era of growth and technological advancement in the broader cryptocurrency landscape.
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
