Austin, Texas, May 29th, 2024, Chainwire

Agora brings to Sui an exceptional blend of technology, financial markets, and operations experience paired with blue-chip traditional finance partners and backers.

Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced the launch of stablecoin AUSD on the network, set to occur in July 2024. With this strategic deployment, which is only available on select chains, AUSD becomes the second native stablecoin within the Sui ecosystem as the number of native assets on the network rapidly grows. Agora is led by early-stage finance and technology industry veterans Nick van Eck, Drake Evans, and Joe McGrady.

Integrating AUSD on the Sui Network enhances the utility and accessibility of both platforms, fostering a more inclusive and interoperable financial ecosystem. The collaboration introduces additional liquidity, simplifies transactions, and improves market efficiency. Moreover, Sui’s fast-expanding DeFi environment, boasting over $700 million in Total Value Locked (TVL) and a top 10 ranking in weekly DEX trading volume, provides a robust foundation for AUSD’s success.

“AUSD’s integration demonstrates our dedication to fostering an inclusive financial future and perfectly aligns with our vision of a scalable blockchain environment,” said Greg Siourounis, Managing Director of Sui Foundation. “As more first-class assets become native to the Sui Network, developers and users benefit significantly from enhanced interoperability and optionality.”

Developers and users of Sui will benefit from the stability and trust AUSD brings. Backed by transparent reserves and rigorous audits, this new stablecoin not only strengthens the market position of both Sui and Agora but also makes DeFi on Sui more accessible and user-friendly, enriching the overall user experience with enhanced potential yield farming, lending, borrowing, and staking opportunities.

Unique among stablecoins, Agora is upending existing rent-seeking models, approaching the market from a compliant, customer-first perspective. 

“Businesses and applications drive utility and liquidity to digital dollars. Not the other way around,” said Nick van Eck. “Our model is premised on giving back to our KYB partners based on services they provide to grow the AUSD network. Agora’s platform partners are compensated in a way that corresponds to the services and ultimately the benefit they provide to Agora, creating an alignment of incentives, and further growing the global AUSD network and liquidity.” 

Leveraging one of the largest custodian banks in the world and institutional-grade asset management from VanEck, Agora’s AUSD has attracted significant institutional support from renowned entities such as Dragonfly, General Catalyst, and others. This backing signals a decisive vote of confidence in AUSD’s potential to reshape the highly competitive stablecoin landscape.

Contact

Sui Foundation
media@sui.io

Cape Town, South Africa – April 23, 2024

Get ready for a double dose of excitement as Bitcoin Events proudly presents two premier events in South Africa: Crypto Fest 2024 and the Blockchain Africa Conference 2024.

Crypto Fest 2024: A Thrilling Crypto Extravaganza

Prepare to immerse yourself in the dynamic world of cryptocurrency at the 6th edition of Crypto Fest. 

Scheduled to take place at the renowned DHL Stadium in Green Point, Cape Town, from October 10 to 12, 2024, this year’s event promises an unparalleled experience for crypto enthusiasts worldwide.

For the first time ever, Crypto Fest will span three action-packed days, featuring engaging networking activities, captivating workshops, vibrant exhibitions, and insightful discussions led by industry experts. 

Attendees will have the opportunity to explore the vibrant culture and rich history of Cape Town with the Cape Town City Tour on October 10, followed by the main event at DHL Stadium on October 11, featuring over 15 sessions covering a diverse range of topics. The festivities will conclude with the Cape Town Winelands Tour on October 12, offering attendees a unique networking experience amidst the picturesque landscapes of the region’s renowned vineyards.

Blockchain Africa Conference 2024: Uniting the African Web3 Community

Mark your calendars for the highly anticipated 10th edition of the Blockchain Africa Conference, set to take place in Pretoria (Tshwane) on November 20, 2024. This landmark event will bring together industry leaders, investors, entrepreneurs, developers, innovators, and enthusiasts from across Africa and beyond for insightful discussions, ground-breaking innovations, and unparalleled networking opportunities.

The main event will be hosted at the prestigious CSIR International Convention Centre, providing an ideal setting for engaging conversations and collaborative learning. As an extension of the conference, a networking event will be held in Cape Town on November 22, 2024, offering attendees the chance to connect with the vibrant Cape Town Web3 community.

Attendees can look forward to diving into a vibrant array of discussions that delve deep into the African narrative. From exploring the impact of Central Bank Digital Currencies (CBDCs) on Africa’s digital economy to navigating the intricate regulatory landscapes unique to South Africa, participants will glean invaluable insights into the dynamic African crypto terrain.

Furthermore, the events will illuminate emerging trends in cryptocurrencies, highlighting their implications on both micro and macro levels. Additionally, the transformative potential of stablecoins in African markets and the innovative tokenization of real-world assets within the continent will be thoroughly explored.

In addition to these topics, discussions on digital identity, its intersection with blockchain technology, and the integration of AI will provide attendees with comprehensive insights into the evolving landscape of digital ecosystems across Africa.

Beyond thought-provoking discussions, attendees will engage in dynamic workshops, vibrant exhibitions showcasing African blockchain initiatives, and networking events that foster connections among industry players and enthusiasts alike.

Whether you’re a seasoned blockchain enthusiast well-versed in Africa’s crypto ecosystem or new to the space, the Crypto Fest and Blockchain Africa Conference provides a unique platform to learn, connect, and draw inspiration from the visionaries shaping Africa’s digital future.

Early Adopter Tickets Available

Crypto Fest tickets can be bought here and for the Blockchain Africa Conference tickets here.

For more information and to register, visit Bitcoin Events website here.

Join us for these ground-breaking events and become an integral part of shaping the future of finance and technology in Africa.

About Bitcoin Events

Over the span of a decade, Bitcoin Events has proudly stood as Africa’s pioneering events company dedicated solely to the realms of crypto, blockchain, and Web3 technologies. Welcoming over 17,500 attendees from 165 countries, we’ve fostered connections with esteemed individuals and reputable companies leading the charge in the blockchain space. 

With our far-reaching influence, Bitcoin Events remains committed to empowering Africa through our world-class events, driving forward the region’s blockchain ecosystem.

Follow Bitcoin Events:

Twitter: @BlockchainZA
Facebook: BitcoinEventsZA
LinkedIn: Bitcoin Events

New week, new crypto horoscope dedicated to the upcoming week from June 3rd to June 9th.

This week will be characterized by three transits:

Mercury enters Gemini from Monday 3/6;

The New Moon in Gemini on Thursday 6/6 together with the Sun, Venus, Jupiter, and Mercury, creates the Stellium in Gemini;

Marte entra in bull da domenica 9/6.

For several months now, we have been dedicating space to the crypto horoscope written by Stefania Stimolo, an expert in astrology and blockchain. It is a weekly column with the horoscope of each zodiac sign available every Sunday only on The Cryptonomist. 

In our slogan of “Raccontiamo il Futuro”, we wanted to delve deeper into the topic, jokingly speaking, with this entertainment column. 

The crypto horoscope

We call it oroscopo crypto for the simple fact that sector terminology is used. 

Words like NFT, metaverso e Over-The-Counter to describe actions and scenarios, but also trading terminology like bullish, bull run, bear market or dump to identify the mood of each zodiac sign during the days of the week.

Obviously, the famous to-the-moon to indicate the mood of that sign cannot be missing! 

In general, you might experience a period of “hard-fork”, understood as an “inner split”, or pass your lightning torch to the next zodiac sign, meaning that the Sun is moving to the next sign. 

Or, simply, you need to reflect on some situations that go into “verify”, that is when the planet is in dissonance with respect to the zodiac sign. Not only that, with every new change of the Sun’s guard through the constellations of the zodiac, the roadmap of each sign will reach a new step. 

Obviously, no investment advice is given; on the contrary, it is purely for entertainment, just like any other horoscope. It must be said that many beginners in the sector have understood the specific crypto terminology also thanks to the horoscope on The Cryptonomist. 

“Non Fidarti, Verifica”

L’astrologia non è una scienza esatta, ma vuole a suo modo prevedere il futuro. E allora perché non associare la tipica frase della blockchain “Don’t Trust, Verify” anche qui. 

In fact, what the author wants to propose is her interpretation of the planetary transits that occur during the week, describing the reaction of each zodiac sign, following the “logic” of traditional astrology. 

For those who are astrology enthusiasts, they could stay updated even just with the transits that are communicated weekly, which, in some way, influence us. A Mercury Retrograde, rather than the days of Full Moon. 

Others, on the other hand, might access the dedicated page, which is updated every Sunday, and read the horoscope of their zodiac sign, their ascendant, or why not, even the horoscope of friends and loved ones. 

And so, for entertainment purposes only, don’t waste time and click here to read your horoscope for this week!

Crypto Whales Flock To BlockDAG As It Observes A 850% Surge While Polkadot, and Tron Face Market Troubles

The crypto market is abuzz with significant movements, especially from Polkadot and Tron. Polkadot demonstrates solid bullish trends by stabilizing above $7.40, backed by robust support. Tron, on the other hand, is broadening its reach in the DeFi sector, pulling in an increasing number of users and boosting transaction volumes. Amid these developments, BlockDAG Network emerges as a focal point with an 850% jump in its presale earning $38.3 million, promising a bright future. Thanks to its strategic marketing and cutting-edge technology, BlockDAG is carving out a unique position in today’s crypto scene.

Polkadot Price Prospects: Could DOT Hit $8.20?

Polkadot (DOT) is riding a wave of strong bullish momentum, maintaining its uplift above the $7.40 threshold against the US Dollar. After vaulting over the $7.20 resistance, it touched a peak at $7.69, before cementing its value above $7.40 and the 100-hourly simple moving average. With a solid base at $7.40 and immediate resistance at $7.70, the scene is set.

If it breaks past $7.80, it could usher in additional rises, potentially pushing the price to $8.20 or beyond. Conversely, if it slips below $7.70, it might retract towards $7.00 or dip further to $6.80. The hourly MACD and RSI indicators point to a bullish trend, suggesting a promising future and escalating interest in Polkadot.

Tron’s Growing Influence in DeFi

Tron (TRX) continues to make headway in the crypto sphere. Its blockchain is designed to decentralize the internet and empower content creators to manage their data fully. Tron’s Delegated Proof of Stake (DPoS) consensus mechanism offers a greener alternative to traditional Proof of Work (PoW) systems, with TRX facilitating transactions, staking, and governance.

Recent expansions into decentralized finance (DeFi) on the Tron network have drawn more users and increased transactions. This expansion is further bolstered by strategic partnerships and integrations, enhancing Tron’s ecosystem and overall utility, cementing its role as a strong and scalable platform in the crypto market

BlockDAG’s Marketing Mastery Behind an 850% Presale Surge

BlockDAG’s ongoing presale has indelibly stamped its mark in the annals of crypto history. The BDAG coin, beginning at $0.001 in the first batch, has surged an impressive 850% to $0.0095 by batch 16. This staggering rise heralds BlockDAG as a top contender for 2024, much credited to its savvy marketing tactics.

The promotional saga began with a spellbinding event at Tokyo’s Shibuya Crossing, rolling out BlockDAG’s ambitious roadmap and decentralized ecosystem to crypto aficionados. This was followed by a celebratory event at the Las Vegas Sphere for the launch of BlockDAG’s technical whitepaper, addressing the blockchain trilemma of scalability, security, and decentralization. The crescendo of excitement peaked at London’s Piccadilly Circus, celebrating BlockDAG’s listing on CoinMarketCap and forecasting an incredible 30,000x ROI for early backers.

These showcases, alongside BlockDAG’s debut on major DeFi exchanges and the launch of a user-friendly crypto payment card, have significantly elevated investor trust. With a robust $100 million liquidity plan in motion, BlockDAG’s presale journey is poised for legendary status.

Final Thoughts

While Polkadot and Tron forge ahead with significant technological advancements and market performance, BlockDAG stands out with its remarkable $38.3 million presale success and strategic endeavors. Polkadot’s steady gains and Tron’s DeFi expansion underscore their potential for growth. Yet, BlockDAG’s 850% presale boost and innovative solutions to the blockchain challenges showcase its potential to leave a lasting mark on the crypto world. As the market evolves, BlockDAG positions itself as a formidable contender in the burgeoning space.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu

This article was paid for*

The buzzworthy Dogeverse presale is set to end in less than 2 days, causing significant FOMO amongst meme coin investors. The ICO has already raised over $15 million in its ICO, with both whales and retail traders among those buying the meme coin early. 

The Dogeverse launch date has also been set for June 5th at 10 AM UTC. 

Get ready to blast off with Cosmo!

#Presale ends on June 3rd at 10 AM UTC!

Claim launches on June 5th at 10 AM UTC!

This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch!

Don’t miss out! The clock is ticking! … pic.twitter.com/QwpzWcm947

— DogeVerse (@The_DogeVerse) May 23, 2024

Experts believe that the meme coin could deliver explosive price action immediately after its IEO, with some suggesting that 10x gains could be within reach in June. In the long term, analysts project that even 100x returns are a real probability. 

Dogeverse – Next Big Meme Coin?

Dogeverse is not an ordinary dog-themed meme coin. Rather, experts believe that its success could give birth to a new meta in the meme token industry. 

Dogeverse is the first true multi-chain meme coin – one that has been built on 6 different blockchains, including Ethereum, Polygon. Solana, Base, Avalanche and BNB Smart Chain. 

Even its mascot – Cosmos, the chain-hopping Doge – is a representation of the token’s multi-chain interoperability. 

This strategy is particularly effective in maximizing Dogeverse’s visibility to potential investors. Every blockchain has its own set of popular DEXs, CEXs and on-chain tracking tools. For instance, Ethereum has Uniswap while Solana has Jupiter and Birdeye. 

Price tracking apps such as DEXTools and DEX Screener track tokens belonging to several different chains. 

Owing to its multi-chain status, Dogeverse is set to launch on all the aforementioned platforms. Rumours have it that Tier-1 centralized exchanges could also rush to list this new meme coin on their platforms, owing to its strong community backing and high upside potential. 

In short, investors searching for the best Solana meme coins or top Base meme tokens will all find Dogeverse to be an excellent investment. It is therefore no surprise that the Dogeverse presale has already raised over $15 million. 

Take Advantage of Ethereum’s Staking, Solana’s Low Trading Fees With Dogeverse

The benefits of Dogeverse’s multi-chain nature aren’t limited to brand awareness. Investors can seamlessly transfer their holdings from one chain to the other with just a few clicks – thanks to the Dogeverse bridge – which allows them to enjoy the salient features on each blockchain. 

This means that investors can buy and trade Dogeverse on Solana, taking advantage of its low trading fees. Meanwhile, Avalanche, BNB Chain and Polygon offer high scalability and quick transactions. 

Most importantly, investors can generate lucrative passive income on the Ethereum chain by staking their holdings in the Dogeverse staking protocol. According to the staking dashboard, the meme coin is currently offering an APY of over 40%, much higher than the industry standard of 5% to 7%. 

Dogeverse Price Predictions from YouTube Trading Experts

Considering the strong demand during the Dogeverse presale and its cutting-edge multi-chain status, it is no surprise that influencers and smart money traders are deeply invested in this new meme coin. 

Popular trader Jacob Bury has called Dogeverse the next 100x meme coin, a sentiment that has also been shared by other experts. This included 99Bitcoins – the crypto educational YouTube channel with over 700k subscribers.

Another YouTube trading expert TodayTrader has even highlighted the possibility of 1000x returns in the long term. 

Influencers such as Cilinix Crypto have also revealed that they have invested in the Dogeverse meme coin during its presale. 

Crypto whales have been quick to recognize Dogeverse’s price potential, with one whale investing $183k into the new meme coin. 

Last Chance To Buy During The Dogeverse Presale

The Dogeverse presale is set to end on June 3rd at 10 AM UTC. Investors who have still not invested in this high-potential meme coin have less than 2 days to do so or risk missing out on its opening price action. 

Interested buyers need to simply head to thedogeverse.com website and utilize the over-the-counter widget. Owing to its multi-chain status, buyers can swap any of ETH, BNB, SOL, USDT, AVAX and MATIC to buy the meme coin. The Dogeverse price will remain fixed at $0.00031 for the duration of the presale. 

Investors are also advised to follow the project’s X and Telegram accounts to keep updated with the latest Dogeverse news. 

Visit Dogeverse Presale

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As we get closer and closer to the highlight of the LayerZero airdrop, with rewards in the form of the ZRO crypto expected to arrive in June, we share this nice story featuring a Web3 user with the nickname “Ruslan”

Ruslan is a farmers who uses hundreds of wallet in his hunting activities to increase the potential allocation on projects that are about to release an airdrop, just like LayerZero.

Despite on paper seeming like a prepared and highly skilled user, he made a serious mistake that could really cost him dearly. What is it about?

Let’s find out together in this article.

Oh Ruslan…

— Bryan Pellegrino (臭企鹅) (@PrimordialAA) May 28, 2024

LayerZero and the hunt for sybil before the airdrop: caught the user “Ruslan”

The story of “Ruslan” begins when the anonymous user, in order to farm the best LayerZero airdrop and obtain the largest possible allocation of ZRO tokens, decides to use hundreds of different addresses to execute various types of on-chain transactions.

It starts in 2023 to farm the airdrop with each of these addresses using the bridge of Stargate and other dapps that are based on the omnichain technology of LayerZero.

Despite the high number of entities connected to each other (having exchanged funds with each other to finance the interactions), Ruslan still finds an idea to manage to evade the anti-sybil checks and make each address appear as standalone.

Maybe under some advice from another user X, decides to associate an ENS domain with every address he had interacted with to position himself for the LayerZero airdrop, convinced that the on-chain analysis systems would identify his wallets as authentic.

In fact, sybil addresses are usually characterized by a low quality in the history of tx, with few low-value transactions, often advanced by bots and managed by automated scripts: an ENS domain can therefore increase the quality of its portfolio by adding a cryptographic component usually excluded from the economic operations of bot farming.

To carry forward this hedging strategy, Ruslan also spends a considerable amount, exceeding 3000 dollars between registration costs at Ethereum Name Service and Ethereum blockchain commission costs, in addition to obviously all the fees paid for farming.

The problem is that Ruslan comes up with the brilliant idea of sequentially naming all the domains he bought, going in order as follows: ruslan002.eth, ruslan003.eth, ruslan004.eth, ruslan005.eth, ruslan006.eth, ruslan007.eth, ruslan008.eth, etc.

One forgets that by sequentially identifying its addresses, these could be considered as connected to each other, being in fact linked by a fairly obvious logical thread that sees a progressive on-chain identifying name.

After the LayerZero team and its CEO Bryan Pellegrino kicked off the “sybil bounty” phase, inviting the crypto community to report improper behavior by other users, it didn’t take long before Ruslan was identified and marked under the sybil list on Github.

Most likely Ruslan and his addresses will not receive any reward from the LayerZero airdrop, and indeed, a portion equal to 10% of the allocation that would have been due to him will go to the address 0xc37395f3aca821f1f85D897Ee541BCdB4C5B7c7E, owned by the user who reported him with a detailed report.

Fairy tale about stupid sybil

One fine day, drophunter Ruslan saw a guide on $ZRO airdrop.

The author of the guide said that to disguise Sybil accounts you need to purchase ENS domains.

Ruslan did it, but in the most stupid way. Sybils, don’t be as naive as Ruslan. pic.twitter.com/2A2x6iZROO

— Cryptophile (@Cryptophileee) May 28, 2024

Observing more closely the behaviors of Ruslan, we realize how the user is not exactly a newcomer in the crypto world.

Recently, he managed to become eligible for various airdrops such as AltLayer, Eigenlayer, Omni and Renzo, bringing home decent earnings.

The poor Ruslan simply made a serious distraction error, or he was excessively superficial in thinking that the insiders at LayerZero would never consider the progressive ENS domains.

Poor Ruslan, he was farming LayerZero more than a year ago and it seems he bought ENS Domains for his wallets less than 2 months ago (check the examples). You can see clear sybil activity as he for example bridges 0.09 usdc using stargate. Poor Ruslan pic.twitter.com/QZ0D5uEEcP

— Dwight.eth (@OogaDeMonad) May 28, 2024

In the blink of an eye, the entire community turned Ruslan into a viral meme, which spread across all the X boards of the airdrop farmers.

There are even those who have come to his defense, pointing out to Bryan Pellegrino of LayerZero that the addresses in question could belong to a long list of family members of the reported user and that it is not fair to identify them as sybil a priori.

https://t.co/nzFm2KC9Al pic.twitter.com/G5MjD8mQZx

— Blur (@BlurCrypto) May 29, 2024

In the meantime, Ruslan has put his ENS domains up for sale at 5 ETH each, hoping that in the midst of this extravagant and at the same time dramatic story, some crazy degen will want to purchase a piece of cryptographic collection that will remain forever in the history of crypto airdrops.

Ruslan is selling his ENS for 5 ETH now

Y'all did him dirty pic.twitter.com/o9J2fM7BOF

— TOBI (@TobiWebIII) May 28, 2024

The “Sybil Bounty” phase ends: check if your address has been reported

Before excessively making fun of the poor user Ruslan, who will be despairing for having wasted time and money farming an airdrop that will see him ineligible,  it would be wise to check if our addresses have also been flagged by the so-called  “Sybil Hunters” during the “Sybil Bounty” phase that has just concluded.

The LayerZero team has indeed announced the end of this controversial initiative that saw members of the crypto community pitted against each other, searching for on-chain data that could identify others’ addresses as the result of sybil activities, in exchange for a bounty equal to 10% of the reported address’s allocation.

We can immediately check if the wallets with which we farmed the LayerZero airdrop have been included in the list of some “snitch”: first, click on this link, and then paste our addresses one by one into the search bar to see if they appear under any report.

@LayerZero_Labs Sybil Bounty submission has closed.

You can check whether your wallet is on the list https://t.co/6gb4Y2bTAr

Steps:
1. Enter your wallet address in the search bar.
2. Enter.
3. If found, you have been reported.
4. Otherwise you are safe. ["0 threads… pic.twitter.com/wbzmYEC9ub

— Airdrop Official (@its_airdrop) May 30, 2024

If your address does not appear in any search, you are safe. For safety, you can also individually check the internal links of each report (if there is an external link).

If, on the other hand, you have been reported in some report, you might not be eligible like Ruslan. Considering the high presence of reports, sometimes carried out in “spam” mode, we should wait for the official confirmation from the LayerZero team that will have to examine the documents. 

Therefore, even if our address is present in a sybil list, there is the possibility of receiving ZRO tokens as a reward for the airdrop.

Nothing as of now; this is just the list submitted by the bounty hunters.

The final list of LayerZero Sybil addresses will be live once all of the addresses are evaluated.

— Airdrop Official (@its_airdrop) May 30, 2024

Some advice to avoid appearing sybil in the upcoming airdrops

With the new crypto projects releasing airdrops, distributions are becoming increasingly selective, and with the anti sybil checks becoming more stringent, being eligible with your own addresses is becoming really complex.

Let’s see some advice on how not to fall under the identification of sybil, and how to avoid trivial mistakes like the one made by Ruslan, which could jeopardize our earnings from airdrop farming.

First of all, if you are operating with more than 4-5 addresses, it is CRUCIAL not to mix your funds between one entity and another by making direct asset transfers: rather, if you need to move funds, use multiple CEX as bridges for the exchange (one CEX associated with each address).

For a farmer, it is therefore necessary to be registered on as many exchanges as possible or to have connections with different addresses of the same CEX (e.g. accounts of relatives and friends on Binance).

NEVER use a single CEX to distribute funds to multiple wallets.

If you have direct connections between airdrop wallets such as sending funds from Wallet A to Wallet B, or sending funds from Wallets A and B to the same CEX deposit address

You are not a “sybil”, you are just a retard pic.twitter.com/7pSMPMHhkq

— Blur (@BlurCrypto) May 6, 2024

It is extremely important to generate quality tx, such as executing at least 5 transactions and holding at least 0.005 ETH on the Ethereum Mainnet, and being active on-chain for at least 1 year (do not use newly created addresses).

Perform the verification at Gitcoin Passport, or associate a domain ENS to your domain but do not do like Ruslan: choose names that are not connected to each other and not sequential.

Pay attention to the timing of your operations as well: if you perform the same type of transaction at the same time or in similar time frames, you risk being caught as a sybil. Move individually, address by address, without making the same tx in a group, and preferably without automated scripts.

Anti-sybil methods?

➬ New Ethereum addresses (less than 24h from the first and last transaction on the eth mainnet)
➬ Wallets with suspicious behavior patterns
➬ Fake voting on Snapshot
➬ Centralized exchange and fiat on-ramp addresses
➬ Exploit addresses pic.twitter.com/zeHYQX999g

— ardizor (@ardizor) November 23, 2023

Other small tips to avoid appearing sybil are:

download a multisignature wallet on Safe and execute at least 5 tx;

bridge your funds across multiple chains and leave some fraction of ETH on each network;

avoid farming with less than 500-1000 dollars per address and avoid swaps with micro volumes;

act as a liquidity provider (LP) if the project we are farming allows it;

Behave like a real user!!! Avoid appearing in any way as a bot.

Dubai, UAE, June 1st, 2024, Chainwire

The Penguiana project, a penguin-themed meme coin built on the Solana blockchain, has achieved a remarkable milestone, hitting an all-time high fully diluted valuation of $4 Million and currently sitting at a market cap of over $2.5 million, according to Dexscreener.

This significant growth underscores the strong confidence and community enthusiasm as the team prepares to launch the GUIANA NFTs.

Penguiana’s Market Surge and Strategic Growth

Following its successful presale and the launch of the $PENGU token on Raydium, Penguiana has continued to expand its market presence as the project’s strategic initiatives and robust community engagement have been central to this impressive growth.

Upcoming GUIANA NFT Mint: Enhancing Gameplay and Token Utility

The Penguiana team has recently provided more details about the anticipated GUIANA NFT mint, which will play a pivotal role in the project’s play-to-earn game.

These 1000 unique 3D penguin NFTs will allow players to earn $PENGU tokens and other in-game rewards, further enhancing the user experience.

GUIANA NFT Details:

Total Supply: 1000 Unique 3D GUIANA NFTs

Mint Price: 50,000 $PENGU

Mint Date: Scheduled for mid-June 2024

These NFTs are crucial for accessing enhanced gaming functionalities in Penguiana’s play-to-earn game, which will be used to customize experiences and unlock exclusive game features.

Preparing for the GUIANA NFT Mint

Solana enthusiasts and gamers looking forward to the GUIANA NFT mint should consider the following steps:

Set Up a Solana-Compatible Wallet: Users are advised to use wallets like Phantom, Solflare, or Sollet to store both $PENGU tokens and NFTs securely. They can purchase $SOL from an exchange such as Binance or Coinbase, and then transfer the acquired $SOL to their Solana wallet.

Acquire $PENGU Tokens: These tokens are essential for minting the NFTs and are available on Raydium, Dexscreener, or Birdeye. A guide is available on how to buy $PENGU tokens.

Stay Updated: Follow Penguiana’s social media and communication channels for the latest information on the minting process and other updates.

The Value of Penguiana and GUIANA NFTs

Penguiana and the upcoming GUIANA NFTs present a unique opportunity within a growing ecosystem where digital assets offer tangible utility. As the project continues to develop, the potential for $PENGU tokens and GUIANA NFTs to increase in value is significant, especially with the planned game developments and NFT integration.

About Penguiana

Penguiana is more than just a meme coin; it’s a pioneering project on the Solana blockchain that integrates the fun of meme culture with the potentiality of profitability and engagement of a play-to-earn blockchain game. Utilizing Solana’s high throughput and low transaction costs, Penguiana aims to provide a seamless and immersive gaming experience that rewards its players.

Penguiana Community

Penguiana invites crypto enthusiasts, gamers, and NFT collectors to join this project:

Website: https://penguiana.com

Twitter: https://twitter.com/penguianaonsol

Telegram: https://t.me/penguiana

Discord: https://discord.com/invite/y7M3yDFjUt

Contact

Team Lead
Zan Kowalski
Penguiana
contact@penguiana.com

This article was paid for*

The meme coin mania continues to rage on, with new tokens hitting crypto exchanges every day. 

All eyes are now on the new multi-chain meme coin Dogeverse, which is nearing its highly anticipated IEO on June 5th at 10 AM UTC. 

Get ready to blast off with Cosmo!

#Presale ends on June 3rd at 10 AM UTC!

Claim launches on June 5th at 10 AM UTC!

This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch!

Don’t miss out! The clock is ticking! … pic.twitter.com/QwpzWcm947

— DogeVerse (@The_DogeVerse) May 23, 2024

Dogeverse has created quite a buzz amongst meme coin enthusiasts and is even stealing the spotlight from Memeinator, another popular token that went live on May 29th. 

A few YouTube trading experts are even backing Dogeverse to potentially deliver 100x returns, making it the new meme coin listing to watch. 

Why are Experts Bullish on Dogeverse?

Dogeverse’s stellar presale performance has caught the attention of meme coin investors, both whales and retail traders alike. The token has raised over $15 million in its ICO, a promising sign that it could be the next big meme coin. 

One crypto whale invested a staggering $183k into Dogeverse during its presale.

Popular influencers such as Cilinix Crypto have also publicly revealed that they have purchased the meme coin. 

Dogeverse’s multi-chain status is the key factor driving its demand. It is the world’s first meme coin to go live on six different blockchains simultaneously, including Ethereum, Solana, Base, BNB Smart Chain, Avalanche and Polygon. 

This revolutionary approach is expected to boost Dogeverse’s visibility for potential investors. Notably, the meme coin will launch on popular DEXs and CEXs in each of the aforementioned blockchain ecosystems, along with other popular platforms including DEXTools and DEX Screener. 

As a result, investors searching for the best Solana meme coins or the top Base tokens will find Dogeverse as a viable option. 

This multi-chain strategy has even led to experts such as TodayTrader hinting at 1000x potential returns after Dogeverse’s launch. 

Why Dogeverse Could Outperform Memeinator?

Memeinator was another hyped-up token that went live on May 29th. However, its post-IEO price action has left much to be desired. 

Memeinator was off to a strong start, rallying to $0.04 from its listing price of $0.22. However, the token soon plummeted to $0.024 after presale investors were caught off-guard by the automatic vesting of their tokens. A few buyers were even unable to claim their tokens. 

Very disappointed in this. I know I didn’t stake my coins but apparently they are staked and now I can’t claim till 6/29/24?!? What a joke. By that time the coin will be in the toilet. Good luck all. Another scam coin. MEMEINATOR. Should have known. So done with these joke coins.

— CryptoMac (@CryptoMikeMac) May 29, 2024

Therefore, all signs point to Dogeverse overshadowing Memeinator’s launch, considering that it boasts much stronger fundamentals. For instance, its presale does not have a vesting period and investors can claim their tokens immediately after its IEO. 

Additionally, the Dogeverse smart contract has been audited by Coinsult, which did not reveal any vulnerability or centralization risks. 

Last Chance to Buy Dogeverse In The Presale

The Dogeverse presale is set to end on June 3rd at 10 AM UTC. Interested buyers now have less than 3 days to buy the meme coin at its discounted price of $0.00031. 

They can head to the Dogeverse website and utilize the over-the-counter widget for the purchase. Investors can either swap any of the 6 native tokens – ETH, SOL, USDT, MATIC, AVAX or BNB – or use an accepted bank card to buy Dogeverse. 

Buyers can also stake their holdings in the Dogeverse staking protocol, which is currently offering an APY of over 40%. 

They are also recommended to follow the Dogeverse X or Telegram accounts for the latest updates regarding the presale or the upcoming IEO. 

Visit Dogeverse Presale

*Cryptonomist did not write the article or test the platform.

Tether has invested 100 million dollars in Bitdeer shares, with an option to purchase an additional 50 million dollars. Bitdeer announced that it will use the proceeds to finance the expansion of its data center and the development of ASIC-based mining facilities.

Let’s see all the details below. 

Tether: the investment in shares aims to enhance Bitdeer’s mining operations and processing capacity

As anticipated, the stablecoin company Tether has agreed to purchase shares of the Bitcoin miner Bitdeer for a total of 150 million dollars. 

Bitdeer has concluded an agreement for the private placement of 18,587,360 Class A ordinary shares, generating proceeds of 100 million dollars, according to an announcement published today.

The agreement also includes a warrant for the purchase of an additional 5 million shares at 10 dollars each, which could add an additional 50 million dollars if fully exercised. 

Bitdeer has stated that it intends to use the proceeds to finance the expansion of its data center and the development of mining facilities based on ASIC, being the company headquartered in Singapore.

After the announcement, the price of Bitdeer shares increased by over 4%, reaching $6.08 in pre-market trading. 

Tether, the developer of the largest stablecoin in the world, USDT, has recently divided its business into four divisions to reflect its broad interest in the development of the cryptocurrency economy.

One of these four units is focused on investments in Bitcoin mining.

Tether leads the growth of stablecoins: market capitalization exceeds $150 billion 

According to data from Glassnode, the stablecoin market continues to expand, with the combined market capitalization of the top five stablecoins exceeding 150 billion dollars.

Tether (USDT) positions itself at the top with a market capitalization of 112 billion dollars, consolidating its dominance with a market share of nearly 75%, a level not seen since January 2021. 

The significant holdings of Tether in U.S. Treasuries highlight its crucial role in the acquisition of U.S. debt.

Glassnode data indicates that USDC, the second largest stablecoin, has a market capitalization of 32.2 billion dollars.

However, its market share has dropped from the peak of July 2022, almost 38%, to the current 22%. This change indicates a growing preference of investors for USDT.

After USDC, DAI holds a market capitalization of 5.3 billion dollars, maintaining its position as a reliable decentralized stablecoin. 

TrueUSD (TUSD) and Binance USD (BUSD) complete the top five with market capitalizations of 503 million dollars and 70 million dollars, respectively.

The expansion of the market capitalization of these stablecoins highlights their growing importance in the digital asset economy, providing liquidity to the market. 

With the growing dominance of Tether, its influence on the broader financial landscape, especially in terms of acquiring U.S. debt, becomes increasingly significant.

The large Russian companies adopt Tether to evade US sanctions

The two main producers of non-sanctioned metals in Russia have started conducting cross-border transactions with Chinese suppliers and customers using the stablecoin Tether USDT. 

This in the calculated attempt to avoid possible secondary sanctions from the United States Treasury. Executives of these Russian metallurgical companies have confirmed the use of USDT, with some transactions routed through Hong Kong. 

This change has become necessary because the alternatives have proven to be slower or riskier, often leading to the freezing of bank accounts. Tether has not released any public comment on this development.

The choice of large Russian companies to adopt blockchain technology highlights the lasting effects of international sanctions imposed after Russia’s invasion of Ukraine in February 2022.

According to the digital currency expert Ivan Kozlov, transactions in stablecoin are efficient, economical, and take only five to fifteen seconds. 

The exporters who hold their assets in stablecoin will benefit from it, especially from this. Tether, with its USDT pegged to the US dollar, offers a reliable means for such exchanges.

Kozlov added that there are often slower procedures or the possibility of freezing bank accounts abroad when using alternatives to stablecoins. 

The freezing of several accounts in various countries for some non-sanctioned companies highlights the unstable nature of conventional financial channels.

This trend extends beyond commodity trading and reflects a wider change in the way global transactions are conducted in the face of stringent financial regulations.

On the other hand, according to a previous report by Coin Edition, Russian lawmakers are planning to ban the use of cryptocurrencies to preserve the supremacy of the ruble. 

Starting from September 1st, only digital assets issued in Russia will be allowed, signaling an important regulatory change on the horizon.

The rise of crypto is increasingly significant in Australia, with 17% of the population owning them and adoption growing driven by the younger generation. Let’s see all the details below. 

Australia: growing crypto adoption among young people, 17% of the population owns one

As anticipated, the cryptocurrency market in Australia has experienced a significant growth in recent years, both in terms of ownership and adoption.

The country is one of the world leaders in the adoption of cryptocurrencies, ranking 9th out of 26 countries according to the Crypto Adoption November 2022 report by Finder. In Australia, 17% of the population owns cryptocurrencies, surpassing the global average of 15%.

Australian cryptocurrency investors are mostly young, with a significant portion under the age of 24. Bitcoin remains the dominant cryptocurrency, but Ethereum and other digital currencies are also gaining popularity.

In 2022, about 25.6% of Australians owned cryptocurrencies, showing a significant increase compared to previous years. This trend is supported by a growing interest in digital assets as investment, savings, and transaction tools.

Bitcoin, Ethereum e Binance Coin sono le criptovalute più detenute dagli australiani, mentre Dogecoin e Cardano hanno una presenza significativa, sebbene minore in termini di quota di mercato, secondo Cointree.

Increase of women in the sector and new regulations

Currently, in Australia, more men than women hold cryptocurrencies. However, the number of women entering the cryptocurrency sector is rapidly increasing. 

In 2021, the number of women involved in cryptocurrencies more than doubled, indicating a trend towards greater gender balance in the sector. Despite this, only 31% of cryptocurrency owners in the country are women.

Furthermore, a significant portion of the Australian population remains skeptical towards cryptocurrencies. 43% of those who do not own cryptocurrencies perceive them as too risky, with 32% preferring traditional investments over cryptocurrencies.

The Australian regulatory framework for cryptocurrencies is primarily governed by the Australian Securities and Investments Commission (ASIC) and the Australian Transaction Reports and Analysis Centre (AUSTRAC). 

The key regulations include measures related to anti-money laundering (AML), counter-terrorism financing (CTF), and initial coin offerings (ICO).

Cryptocurrencies have been subject to increasing scrutiny in Australia. In May of last year, the cryptocurrency exchange Binance Australia informed customers that they would lose access to deposits and withdrawals in Australian dollars. 

This is due to a decision by its third-party service provider. In July, ASIC officials conducted searches at Binance Australia’s offices. 

In October, the Australian government presented a proposal aimed at subjecting digital asset platforms to the same laws that regulate other financial service providers. 

As part of the plan, operators of cryptocurrency platforms will need to obtain a license for financial services, as well as undergo continuous monitoring and routine audits of customer funds.

In response to the increasing restrictions on payments in cryptocurrencies, Blockchain Australia has launched new initiatives to address the issue of bull and bear crypto scams and fraud.

The ASX prepares to launch the first spot ETFs on Bitcoin by 2024

The Australian Securities Exchange (ASX) is on track to approve the country’s first spot Bitcoin ETFs by the end of 2024. There is currently a race to introduce the first Spot Bitcoin ETF in Australia. 

It is reported that the local company BetaShares is developing a product for the ASX, while DigitalX announced in February that it had submitted an application. Also, VanEck, one of the main players in Bitcoin ETFs in the US and Europe, has resubmitted its proposal.

This initiative should offer a greater number of institutional investors the opportunity to have exposure to Bitcoin, potentially increasing the overall investment in cryptocurrencies in Australia. 

It is important to note that Australia is home to several successful crypto startups, such as Power Ledger, which focuses on energy trading based on blockchain, and DigitalX, a blockchain technology and investment company.

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When Bitcoin and other cryptocurrencies first emerged, and the potential surrounding them was still somewhat unclear, many crypto enthusiasts looking to seize the opportunity simply implemented trading strategies that were known to be successful in the traditional markets and hoped they would be as lucrative in the crypto markets as well. 

As cryptocurrencies continue to gain popularity and pierce their way into the heart of the mainstream, the crypto markets evolve as well, and traders must keep up with the pace. While this dynamic presents itself in many different forms, arguably the most dramatic way trading strategies have evolved in recent years is the surge in the adoption and use of advanced automated trading tools.

Crypto trading bots, specifically, and automation in general, enable traders to adapt classic trading methods to the unique conditions of the crypto markets, transforming their inherited risks into promising opportunities. 

One near-perfect example of the power of automation turning a downside into an upside is the need for traders to adapt classic strategies to much more intense trading hours. In traditional markets, the schedule is structured as five days a week, eight hours a day, with some holidays off. Crypto markets possess a much more intense trading routine of 24 hours a day, seven days a week, and almost no exceptions.

With auto crypto trading tools, crypto traders can follow and execute their trading strategy round-the-clock, which could lead to better overall results. This winning combo of active 24/7 trading bots and non-existent end-of-day gaps enables traders to design strategies with better risk-reward ratios. It offers more potential upside but with the same or less downside.

A great case study to demonstrate the disruptive force that automation has on crypto can be found in the evolution of the dollar-cost-averaging trading method. 

Traditionally, traders who wanted to implement the DCA strategy had to do it manually. Later, as automation technologies progressed, traders could set up a DCA strategy to work according to time-based intervals, which might be better but still quite far from ideal. Nowadays, an advanced DCA bot can enable traders to optimize the execution of the DCA trading method by utilizing a variety of indicators and, most importantly, technical analysis. This allows traders to implement this classic trading method in new lucrative ways, according to the actual price action in the markets.

This evolution of DCA trading is just one example of how once-useful automation tools are now becoming essential. With the help of crypto trading bots and other automated tools, crypto traders can optimize classic trading strategies and develop new trading schemes. By designing or modifying strategies, monitoring the markets, diversifying portfolios, and managing positions, automation gives traders a whole new set of tools to take their trading to the next level.  

As technology advances, automated trading tools are expected to continue supporting the development and execution of new trading strategies and methods, enabling active crypto traders to navigate the markets with unparalleled success.

To sum up, the world of crypto trading has experienced and is still experiencing some major shifts since its early days of inception. Due to its massive adoption and undeniable advantages, it’s safe to assume that auto crypto trading is one of the most dominant factors enabling retail crypto traders to step up their trading skills into professional territory. 

So, if you are a crypto enthusiast looking to master the crypto markets, there is no better way to start your trading journey than by exploring the endless possibilities and potential that can be achieved through the power of automation. 

*This article was paid for. Cryptonomist did not write the article or test the platform.

Hong Kong officially bans all unauthorized crypto exchanges, that is, without a license. This regulatory measure highlights the SFC’s commitment to creating a safe and transparent environment for trading virtual assets.

Let’s see all the details below. 

The crackdown on unlicensed exchanges: Hong Kong’s commitment to a transparent and regulated crypto market

As anticipated, all criptovalute exchanges that have not applied for an operational license from the Securities and Futures Commission (SFC) of Hong Kong must immediately cease their operations in the region.

To minimize risks for investors, the regulatory authorities in Hong Kong have issued an ultimatum to cryptocurrency exchanges: apply for a license by February 29 or shut down operations within three months. 

During this period, over 22 cryptocurrency exchanges have applied for a license, but many of them decided to withdraw their applications just before the deadline. 

In the single month of May, six cryptocurrency exchanges, including big global names like OKX and Huobi HK, withdrew from the Hong Kong market.

The majority of the exchange has not provided explanations for this sudden change. 

However, Gate.HK, based in Hong Kong, indicated the need for a “profound review” of its trading platform before it can comply with Hong Kong’s regulatory requirements.

Gate.HK closes operations: users invited to withdraw funds by August 28

As mentioned, following the revocation of the license, Gate.HK has ceased the acquisition and marketing of new users. Existing users were given time until August 28 to withdraw their funds.

The trading platform Gate.HK will no longer be operational from May 28, and all previously tradable tokens, such as Bitcoin (BTC), Ether (ETH), Solana (SOL), and Polygon (MATIC), will be permanently delisted.

“Gate.HK is actively working on the requested review. We plan to resume our activities in Hong Kong in the future and contribute to the virtual asset ecosystem after obtaining the necessary licenses.”

As of May 31, 18 cryptocurrency exchanges have applied for an operational license in Hong Kong. According to the SFC, the list of approved exchanges will be announced by June 1. 

At the time of publication, the only cryptocurrency exchanges approved in Hong Kong are HashKey and OSL Exchange.

It is important to note that cryptocurrency exchanges may not be granted a license and, following the decision of the SFC, they may be required to shut down their operations in Hong Kong.

La SFC consiglia agli investitori di controllare l’elenco ufficiale degli exchange approvati per ridurre al minimo i rischi associati al trading di criptovalute.

The Chinese regulatory pressure pushes cryptocurrency companies to withdraw from Hong Kong

The regulatory pressure from mainland China is pushing many of the major cryptocurrency companies to withdraw their license applications in Hong Kong. 

According to reports, the local affiliates of the main exchanges with ties to mainland China, including OKX, Gate.io, KuCoin, Binance, and HTX, have withdrawn their license applications for a virtual asset trading platform (VATP) in Hong Kong.

Despite the launch in China, all the listed cryptocurrency companies have expanded their operations in other regions after the initial regulatory crackdown by the Chinese authorities. 

However, they have shown renewed interest in the new regulatory regime for virtual assets in Hong Kong that began last June, which requires them to obtain licenses to operate in the city.

The reports suggest that the stringent demands of the Securities and Futures Commission (SFC) and the inability to serve clients from mainland China may have contributed to these decisions.

In a recent memo, the SFC reminded exchange operators that they must be “considered authorized” by June 1st to continue operating in Hong Kong. 

The Commission emphasized the obligation of the VAT to fully comply with applicable laws and regulations, particularly by preventing residents of mainland China from accessing their services related to virtual assets.

China intensified its crackdown on cryptocurrencies in 2021, when its central bank warned that offering cryptographic services within its borders violated the law. 

Following this development, many exchanges have moved abroad, leaving limited operations threatened by further restrictions.

Recently, two news items have emerged that have led to speculation that Elon Musk might have something to do with Donald Trump regarding crypto. 

This hypothesis, suggested by Bloomberg, has also been picked up on X by a collaborator of X and Elon Musk. 

Elon Musk and Donald Trump are discussing cryptocurrency policy 一 Bloomberg pic.twitter.com/hk252omuR2

— DogeDesigner (@cb_doge) May 30, 2024

Trump’s proposal to Elon Musk: no crypto for now

Everything started a few days ago when the Wall Street Journal reported a meeting between former President Donald Trump, currently a candidate again, and Elon Musk regarding a possible advisory role for the latter in a potential new Trump administration.

Elon Musk and Donald Trump have discussed a role for the Tesla chief if the former president wins a second term. Inside the two men’s growing alliance. https://t.co/bIWsf2YacB https://t.co/bIWsf2YacB

— The Wall Street Journal (@WSJ) May 31, 2024

Musk, who in the last elections had sided with Biden (and therefore against Trump), this time instead sided with Trump, expressing disappointment with Biden’s policies. 

Since X is a very important social platform in the USA, regarding political matters, having Musk on your side can help, especially during the election campaign. 

And so, in this way, Musk not only gave his public endorsement to Trump, without openly expressing himself on the matter, but he even said he was willing to lend a hand to the potential Trump government even if it were to actually come into being. 

In the past, the ex-president had been banned on Twitter for using the social platform to incite the assault on Congress in 2021, but a few years later the new owner reinstated him. 

Although during the Republican party primaries Musk initially supported a rival of Trump, Ron DeSantis, and despite in the presidential elections he seemed to support the third candidate, Robert Kennedy Jr., in the end he is supporting Trump. 

The potential crypto issue

Recently Donald Trump has expressed particular support for the development of the crypto sector in the USA.

On the one hand, this can be considered in all respects a turning point, given that in 2019 he had instead promised to ban Bitcoin if it reached a value of more than $100,000, it is not a recent turning point.

In fact, after having problems following the electoral defeat of 2020, the former president first launched his own collection of NFT on the market as a form of financing, and over the years he has amassed a crypto nest egg worth about 10 million dollars.

Elon Musk for his part has been a supporter for years not only of Bitcoin, but also and especially of Dogecoin. “His” Tesla still owns as many as 9,700 BTC.

At this point, it seemed inevitable that during their meeting they would also talk about crypto. 

On the other hand, the issue that specifically concerns crypto regulation in the USA is not only still open, but has become part of the political debate during the ongoing election campaign. 

Even Biden himself was forced to backtrack on this matter, as the anti-crypto stance of “his” Democratic party was becoming increasingly anachronistic and damaging in terms of consensus. 

It is not a coincidence that the SEC, which has been at the forefront against cryptocurrencies for years, was forced to change its mind a couple of weeks ago and approve the requests for the issuance of spot Ethereum ETFs on US exchanges at the first attempt. 

“`html The denial “`

Despite all this, Elon Musk explicitly denied having discussed crypto with Musk. 

Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do

— Elon Musk (@elonmusk) May 30, 2024

Il mercato azionario è spesso influenzato da due tipi di investitori: bull e bear. I bull sono ottimisti e credono che i prezzi delle azioni saliranno, mentre i bear sono pessimisti e pensano che i prezzi scenderanno.

He wrote on his official X profile that he has never discussed cryptocurrencies with Trump, but he also added that in general he is in favor of things that shift power from the government to the people, such as cryptocurrencies.

To tell the truth, however, given his behavior in recent years, with first the support for DeSantis, then the apparent support for Kennedy, and in the meantime the opening to Trump, it suggests the idea that his public statements are no longer to be considered 100% reliable. 

So on one side there is Bloomberg reporting unconfirmed rumors that they also discussed crypto, and on the other side there is the official denial of these rumors. It is difficult to say with certainty who is right, but to be honest, neither of these two sources in this case seems really reliable. 

It remains, however, the fact that Musk has not been involved in cryptocurrencies for some time now, and that Trump’s interest is certainly a purely electoral interest, both in terms of consensus and fundraising. 

These are still and only statements, both from Trump and Musk, and none of them can be considered 100% correct. 

It should be noted, however, that any future role of Musk within the Trump administration will certainly have to do mainly with other things, and not with cryptocurrencies, also because to date in the crypto field Musk has practically no significant role. 

The two key issues should be the automobile market, given that Tesla is a significant American player in this sector, and the aerospace market, given that SpaceX is now a cornerstone of NASA’s strategy for routine operations. 

SPONSORED POST*

Ethereum-based meme coins are setting the pace in the meme coin market, showcasing impressive rallies in recent weeks, closely followed by Solana-based counterparts. While meme coins like Pepe (PEPE) and Floki (FLOKI) are among the top meme coins in the Ethereum blockchain dominating the scene, a new market entrant is poised to shake up the landscape. Known as KangaMoon (KANG), the SocialFi and GameFi protocol has continued to garner significant attention ahead of its impending listing on major exchanges. 

Pepe (Pepe): Riding the Meme Coin Wave with 123% Monthly Gains 

Pepe (PEPE), an Ethereum-based meme coin, has experienced significant growth recently, driven by its unique frog-inspired concept and the broader interest in meme coins. With its price reaching $0.00001638, Pepe token has surged by 123% in the past month, propelled by the recent approval of Ether exchange-traded fund (ETF) filings in the U.S. 

Additionally, Pepe’s token weekly charts show a notable 41% increase since the SEC’s decision on May 20 and market capitalization reached $6 billion. The rise in the number of address holdings further indicates investors’ increasing demand and confidence in Pepe’s price potential. However, investors may consider exploring alternatives like KangaMoon for potentially significant long-term returns. 

Floki (FLOKI): DeFi Ambitions and Exchange Listings Fuel 78% Monthly Gains

Floki (FLOKI), another Ethereum-based meme coin, has been gaining attention within the meme coin market. Launched in 2021 as the utility token of its ecosystem, FLOKI emerged from the Shiba Inu community, drawing inspiration from Elon Musk, and quickly ascended among the ranks of top meme coins. 

Meanwhile, recent data from CoinMarketCap reveals a 42% increase in the price of Floki’s weekly chart and an impressive 78% surge over the past month. This surge in Floki’s price may be linked to its listing on Coinbase’s perpetual futures list and the SEC’s approval for Ethereum ETFs. 

Additionally, Floki’s price surge correlates with introducing a Telegram-based trading bot for Floki holders on the Binance Chain network, providing investors with easy access and trading opportunities.

KangaMoon (KANG): Presale Hype and 50x Predictions Boost Investor Frenzy

KangaMoon (KANG), another Ethereum-based meme coin, has emerged as a formidable competitor to  Solana-based offerings. As the eagerly anticipated listing of KangaMoon approaches, following months of soaring presale activity, enthusiasm continues to grow among investors. Notably, KangaMoon now boasts a rapidly-growing community of 32,000 registered members consisting of nearly 10,000 token holders. 

Moreso, the platform’s popularity is evident in the speedy progress of the bonus presale stage, indicating significant interest in its upcoming debut on top-tier exchanges, possibly as one of the best meme coins in 2024. In the current stage, the KANG token is priced at just $0.025 from an initial price of $0.005, providing early investors with a 400% return on investment.  

Furthermore, KangaMoon’s upcoming “Kangaverse” ecosystem combines Play-to-Earn and SocialFi elements, creating an engaging environment for meme enthusiasts. Notably, participants will be able to engage themselves in battle-themed contests and speculative bettings in order to earn valuable rewards. Those who excel in these games receive KANG tokens and other valuable in-game items, which can be traded on a dedicated marketplace.

Recently, KangaMoon partnered with RaidSharksbot to amplify community engagement and market adoption ahead of launch. As such, analysts view KangaMoon as one of the top meme coins to consider, projecting a potential 25x surge in value upon listing. In fact, some analysts predict that KANG will surpass established meme coins like Pepe and Floki, solidifying its position as a top contender in the meme coin space.

Why Should Investors Consider KangaMoon Over Other Ethereum-Based Meme Coins?

The rise of Ethereum-based meme coins marks a significant shift in the landscape. Top Coins like Pepe, Floki, and KangaMoon are particularly leading the way. Ethereum-based meme coins face stiff competition and must adapt to stay relevant in the market. As KangaMoon continues gaining popularity as a top meme coin, it will offer even more innovation and profits in the coming months and years.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Our Telegram Community: https://t.me/Kangamoonofficial

*This article was paid for. Cryptonomist did not write the article or test the platform.

On May 30, Vitalik Buterin, co-founder of Ethereum, issued a warning to the crypto community, highlighting the importance of cultural awareness regarding the increase of scams in the sector. 

Through a post on Farcaster, a decentralized social media platform, Buterin emphasized the misleading use of common terms and the need to understand the linguistic nuances specific to the world of cryptocurrencies.

The co-founder of Ethereum Vitalik Buterin alerts the crypto community about the scams in circulation

Vitalik Buterin, one of the most influential figures in the cryptocurrency landscape, has urged users to pay close attention to the terms used in official communications and promotions related to criptovalute.

He emphasized that some terms, although familiar in traditional contexts, can have very different and often misleading meanings when used in the context of cryptocurrencies.

An example of this is the term “garantito”. In the traditional financial world, when something is “garantito”, it implies a level of security and reliability assured by a regulated entity. 

However, in the context of criptovalute, the term can be used in a more vague or even misleading way. Promises of guaranteed gains or safe returns should always be met with skepticism, as the criptovalute sector is notoriously volatile and lacks the same regulatory protections present in traditional financial markets.

Buterin has also warned against scams that exploit the credibility of seemingly authoritative figures or entities. These “official” scams can appear in the form of fake ads, cloned websites, or even direct communications from individuals posing as representatives of well-known companies. 

The objective of these scams is often to induce users to provide personal information, transfer cryptocurrencies, or participate in fraudulent investments.

The cases of fraud in the crypto ecosystem

A recent case of fraud in the cryptocurrency sector involved a fake website that presented itself as an official trading platform. 

Users were attracted with promises of high returns and low risks, only to later discover that their funds had been taken without any possibility of recovery. 

Buterin emphasized that, while blockchain technologies offer many opportunities, it is essential that users remain vigilant and take precautionary measures.

Cultural and linguistic awareness is fundamental for navigating the complex ecosystem of cryptocurrencies. 

Vitalik Buterin suggested that, to protect themselves, users should continuously educate themselves on common practices in the sector and develop a critical eye to recognize warning signs.

This includes being skeptical of offers that seem too good to be true and always verifying the authenticity of the sources and platforms with which they interact.

Furthermore, Buterin emphasized the importance of the community in combating scams. He encouraged users to share their experiences and information about potential scams, creating a support and information network that can help prevent future victims. 

Collaboration and transparency within the cryptocurrency community are powerful tools to counter fraudulent activities.

Another key point of Buterin’s speech was the role of regulatory authorities and cryptocurrency platforms in protecting users. 

He recognized that, although decentralization is one of the fundamental principles of cryptocurrencies, there is still a critical need for protection mechanisms for users. 

The platforms must adopt strict measures to verify the identity and authenticity of the entities they collaborate with, and regulatory authorities must work to create a regulatory framework that balances innovation with investor protection.

Conclusions

In conclusion, the warning from Vitalik Buterin serves as an important reminder for the cryptocurrency community: awareness and education are essential weapons in the fight against scams. 

Understanding the nuances of language and maintaining a critical attitude are crucial steps for navigating a rapidly evolving and often risky sector. 

The collaboration within the community and the support of platforms and regulators can make a difference in creating a safer environment for all users.

In this article we see how Dogecoin, Shiba Inu, Pepe, and VeChain crypto are performing in the market and what the price predictions are for the coming months

Among the memecoins mentioned, Pepe is definitely the one that has excited its holders the most in the past year, even though Dogecoin and Shiba Inu have recorded respectable gains.

VeChain, on the other hand, reports more modest returns but offers excellent potential for a bull in the medium-term future.

Let’s see all the details below.

Pepe establishes itself as the best memecoin of the year, beating the performance of Dogecoin, Shiba Inu, and VeChain

Pepe, born just over a year ago, has already achieved incredible results in the cryptocurrency market, positioning itself as the third memecoin by market capitalization behind only the top players Dogecoin and Shiba Inu.

This cryptographic token, inspired by the character “Pepe The Frog” by cartoonist Matt Furie and later becoming a cult internet meme in the following years, has exceeded all expectations by offering the best return on investment in the last 12 months.

While, in fact, Dogecoin and Shiba Inu have grown by 122% and 201% respectively on an annual basis with a respectable performance, Pepe has recorded an extraordinary growth of 1043%.

Much of the rise has been marked from February 2024 onwards, bringing the asset’s capitalization from 500 million to 7 billion dollars with two leg up that have accompanied the general pump of the entire crypto sector.

In particular, in the last 30 days alone, this memecoin has increased by 122%.

Being Pepe fresh from an all-time-high (ATH), data from IntoTheBlock shows that about 96% of its holders, equal to 227,990 addresses, are in profit at this moment, while holders of Dogecoin and Shiba Inu who mistakenly bought at the highs still have quite a wait before returning to breakeven.

In general, however, all 3 memecoins recorded extraordinary profitability in March 2024, which also accompanied the explosion of new low-capitalization crypto-memes on the blockchains of Solana and Base leading, among other things, to an increase in on-chain metrics on this type of infrastructure.

For the coming months, Pepe is expected to continue outperforming the benchmark, with economic returns superior to those that could be offered by Dogecoin and Shiba Inu, which will still see noteworthy performances as they approach their respective all-time highs.

The imminent launch of the spot ETFs for Ethereum could provide the necessary fuel for these coins to resume their bull run, with more and more institutional investors bringing capital inflows into the crypto industry.

Probably, if these new exchange-traded funds have a positive effect on the market, we will see Pepe approaching the top 10 of the most capitalized tokens in the world, while Shiba Inu and Dogecoin will consolidate their position.

It will be very interesting to see how these memecoins will behave when ETH dominance returns above 20%, reducing the market shares of the king Bitcoin, and simultaneously offering a launchpad for the entire altcoin landscape.

Analysis and forecasts of the crypto VeChain (VET)

Another very interesting crypto to analyze, with excellent forecasts from now until the end of the year, is VeChain (VET).

This coin, although in the last year it has not in any way reported a price action similar to that of Pepe, nor even close to that of Dogecoin and Shiba Inu, has nevertheless gained 67% with its quotations that have gone from 0.019 to the current 0.034 dollars.

At the same time, with just 1.3 billion dollars, VeChain is much smaller in terms of capitalization compared to the 3 memecoins analyzed, despite being born much earlier.

In the last 30 days, the currency has lost 2.4%, proving to be less efficient than the benchmark Bitcoin, which in the same period has risen by 14.6%.

The market volumes are not particularly inviting, with RSI and other technical indicators signaling a condition of weakness in the short term, waiting for the bulls to take control of the situation again.

According to the forecasts offered by CoinCodex, VeChain will continue to do trading at current levels this weekend, without particular volatility shocks.

Until mid-June VET could be traded at prices slightly lower than the current ones, reaching 0.030 dollars before resuming the bull run in the second half of the year.

CoinCodex estimates an appreciation of 33% by the end of December, enough to elevate the cryptocurrency to 0.046 dollars.

Considering the historical nature of the currency, and the fact that even in the last bull market of 2021 it grew tremendously with a pump of 2000%,  such as to even surpass the performances recorded this year by Pepe, we could expect some surprises on this occasion as well.

It is not certain that the crypto will be able to return above its historical highs around 0.26, but we can still predict a return near the psychological level of 0.10 dollars at the end of the bull market.

It is also worth noting that VeChain has recently announced a partnership with the Shanghai Environment Exchange to bring significant development and innovation to carbon emission management solutions. The move could help push the price of VET, given a positive market environment.

In Texas, the crypto company Unchained and the University of Austin (UATX) have formed a partnership for a fundraising of a whopping 5 million dollars in Bitcoin. UATX commits to being the holder of the BTC fund, keeping them for at least five years. 

Texas: l’UATX e Unchained raccolgono fondi per una dotazione a lungo termine di Bitcoin

In Texas, the crypto company Unchained together with the University of Austin (UATX) want to raise 5 million dollars in BTC to create a long-term endowment fund in Bitcoin. 

We are thrilled to partner with @unchainedcom and can’t wait to see what the future holds! https://t.co/4nkzSUDos7

— University of Austin (@uaustinorg) May 31, 2024

“We are excited to collaborate with @unchainedcom and we look forward to seeing what the future holds for us! 

In an innovative partnership, Unchained and the University of Austin @uaustinorg are launching the first long-term endowment fund in #bitcoin.”

In practice, the initiative will see UATX commit to preserving the BTC fund for at least five years. On the other hand, the 5 million dollars to be raised for the endowment fund will be securely stored and managed by Unchained. 

Unchained is a major financial services provider Bitcoin, specializing in multisig Bitcoin vaults. Founded in 2016, Unchained currently manages over 6 billion dollars in Bitcoin, helping thousands of individuals and businesses hold their own Bitcoin keys through its collaborative custody model.

Texas: the long-term endowment fund of $5 million in Bitcoin for the UATX

The mission of this collaboration is to successfully raise the significant amount of $5 million in BTC. 

On this subject, Joseph Kelly, CEO and co-founder of Unchained, has already intervened, personally donating 2 BTC to kick off this campaign. Here is how Kelly commented on his intervention on X: 

Very proud to help drive this initiative with @uaustinorg. The world needs more great founders and we are excited to bring together our communities to build something new! https://t.co/KTHKUa7r91

— Joseph Kelly (@josephkelly) May 31, 2024

“I am very proud to contribute to this initiative with @uaustinorg. The world needs more great founders and we are excited to unite our communities to build something new!”

Incorporating bitcoin into its endowment, UATX is setting a precedent for other academic institutions to explore alternative and potentially more resilient financial models.

Not surprisingly, UATX seems to be known for its commitment to freedom of speech and integration with the market, which makes this partnership natural for its long-term vision

In any case, the Unchained and UATX partnership in Texas also aims to unite the University with the broader Bitcoin community, collaborating on planned initiatives such as joint marketing campaigns, events, conferences with guests, and debates.

The American state leading BTC mining

Already last September 2023, Texas became famous for being the American State leader in Bitcoin mining, with 28% of the entire hashrate owned by the USA.

In itself, currently, the USA is the leading country in the world of mining after China decided to ban the activity in the country in 2021. Specifically, the USA is attributed with 38% of the global hashrate. 

It must be said, however, that at the beginning of 2024, the Bitcoin hashrate metric suffered a sharp downward contraction, precisely due to the reduction of mining activities in Texas because of the unusual cold the country was experiencing.

Not by chance, at that moment, precisely the ERCOT, the Electric Reliability Council of Texas, had asked the big miners like FoundryUSA, Luxor Mining Pool, and Marathon Digital to decrease the amount of electricity used. At that moment, the hashrate of Texas for Bitcoin mining therefore dropped by 25%. 

At Consensus 2024, the crypto company Ripple unveiled its roadmap for Institutional DeFi on the XRP Ledger (XRPL), introducing Oracles and Multi-Purpose Tokens (MPT), which will be released during the current year. 

At the same time, the CEO of Ripple, Brad Garlinghouse, stated that the launch of new ETFs on XRP or on Solana or on Cardano is just a matter of time. 

Ripple: the crypto company and the institutional DeFi of XRP Ledger at Consensus 2024

Ripple, the crypto company behind the seventh crypto by market capitalization XRP, has unveiled the roadmap for institutional DeFi of XRP Ledger (XRPL), at Consensus 2024, in Texas. 

According to its blog post, Ripple is making its blockchain built for enterprises, the XRPL, increasingly robust, secure, and efficient, so as to make it a key platform for institutional DeFi.

To achieve this goal, the crypto company has outlined the key points of its roadmap, of which only two will be released in this current year. 

This is the release in the second quarter of 2024 of the Oracles, the component that allows the integration of real-world data into the blockchain. These Oracles will enable a wide range of use cases, from price feeds to event data, making them an essential tool for institutional DeFi.

During the third quarter of 2024, the Multi-Purpose Token (MPT) will also be released, which introduces a new level of flexibility and functionality for tokenized assets on XRPL. 

Multi-Party Tokens (MPT) will allow the creation of complex token structures that can represent a variety of assets and rights, using metadata. This innovation will be particularly valuable for institutions that wish to tokenize and manage portfolios of different assets, ensuring efficient lifecycle management of digital assets.

These two new innovations are based on the characteristics and developments already existing on XRPL, such as the integration AMM live, DID currently in voting phase, and the native lending protocol of XRPL in technical design proposal phase.

Ripple: from institutional DeFi to the launch of ETFs on XRP and other crypto

Always at Consensus 2024, it seems that the CEO of Ripple, Brad Garlinghouse, spoke about a probable launch of new ETFs on XRP and other crypto. 

Specifically, Garlinghouse is said to have stated the following: 

“I think it’s just a matter of time, and it’s inevitable that there will be an XRP ETF, a Solana (SOL) ETF, a Cardano (ADA) ETF, and this is fantastic”

This forecast comes after the success of the spot Bitcoin ETFs, approved at the beginning of the year, and the spot Ethereum ETFs, recently approved. In particular, the launch of the spot Ethereum ETF also guarantees the regulatory confirmation that ETH is not a security. 

Since the approvals of Exchange-Traded Funds on crypto are handled by the Securities and Exchange Commission of the USA, Garlinghouse did not miss the opportunity to also talk about the SEC. 

In this regard, here is what he would have said: 

“Gary Gensler, president of the SEC, was called to Congress and when asked if ETH is a security, he did not answer the question. Yet, he insists that the rules are very clear and do not need to be updated”

The latest news in the endless battle Ripple vs. SEC

Despite the partial victory of Ripple in July 2023, in the endless lawsuit filed by the US SEC that lasted for years, it seems that the situation is not yet over. 

In fact, recently, Ripple filed a new motion on May 29, rejecting the SEC’s claims, according to which it allegedly suppressed the price of XRP through Over-The-Counter (OTC) token sales. 

#XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a reply letter in further support of its Motion to Seal documents in connection with the @SECGov’s Motion for Judgment and Remedies. pic.twitter.com/NeuFZII1m8

— James K. Filan (@FilanLaw) May 29, 2024

“#XRPCommunity #SECGov vs #Ripple #XRP @Ripple has filed a response letter in further support of its motion to seal the documents related to the @SECGov lawsuit and the request for judgment and remedies”

In practice, Ripple no longer conducts bull transactions of XRP OTC. Instead, the company sells XRP to customers through its ODL (On-Demand Liquidity) product, which does not offer discounted prices like bear OTC operations.

Here is how the document states:

“The current sales of XRP by Ripple to customers for use in relation to Ripple’s ODL product do not have any of the relevant terms of over-the-counter contracts, such as discounts offered to sophisticated counterparties”

SPONSORED POST*

The next 100x crypto project will be found on Reddit crypto because that is where it all starts before the news goes mainstream. Expert analysts on Reddit crypto are now predicting a 100x outcome on Solana, XRP, and Raboo. Attention toward these recommendations is on the rise, similar to how the notorious WallstreetBets Reddit group made headlines.

Raboo’s $RABT, for starters, is already surging with a presale that has raised over $1.5 million from investors.  

Solana’s meme coin frenzy could make SOL a 100x crypto

Since Solana’s launch four years ago, Solana has weathered the storm of crypto volatility, standing firm and resilient as a layer-one blockchain for fast, affordable, and scalable dApps. Thanks to the performance of the Solana network, various projects, including NFTs, Game-Fi, and even meme coins, are thriving. 

The meme coin frenzy, for instance, is quite active, with a registered $2.7 billion in daily trading volume, which is over 15% of the entire trading volume on Solana’s ecosystem. Reddit crypto analysts are predicting a 100x outcome for Solana if the meme coin trend continues. Solana SOL’s price has increased over 700% yearly and is expected to hit new all-time highs in 2024’s bull run.

XRP’s long-awaited ascension could spark a 100x rally

Despite a long-awaited bull run that was consistently delayed by the legal engagement with the SEC, XRP is now on the cusp of a breakthrough. According to onlookers on Reddit crypto, XRP could quickly emerge on top and become the gold standard for cross-border crypto transactions. 

As the regulatory fog clears around XRP, the trillion-dollar cross-border payments market could be supercharged with XRP as the leading solution thanks to its speed and affordability. XRP’s price has already been on the rise following recent partnerships and acquisitions. At its current price of $0.52 per token, analysts predict XRP’s price could surpass its 2018 all-time high of $3.84. 

Raboo is tipped to grow 10,000% on listing day

Raboo’s AI-backed meme token is also on the list of 100x crypto projects. At its core, Raboo is building the next generation of a social-fi and post-to-earn ecosystem wrapped under one platform. Thanks to its integration of generative AI, Raboo users will be able to create posts and memes that can be monetized on the platform. 

Users will also be able to earn $RABT by engaging in weekly giveaways and reward programs. Raboo is working to develop a community where like-minded meme culture enthusiasts can interact and share creative ideas while having fun and earning $RABT. Already, Raboo’s ongoing presale has brought in over $1.5 million, and $RABT is expected to grow by 233% by the end of the presale.

Conclusion

Analysts on Reddit crypto are known to be spot on when it comes to finding 100x crypto projects that are yet to go mainstream. While it remains to be seen whether these predictions are right, Raboo is already proving to be a winner as the price of $RABT is already up at $0.0042 from its $0.003 presale entry price. Analysts say $RABT could hit 100x on launch day.

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

*This article was paid for. Cryptonomist did not write the article or test the platform.