XRP price predictions indicate that increased bullish pressure could push the price past resistance levels, while bearish sentiment may stabilize or lower it. Meanwhile, Dogwifhat (WIF) saw a price increase last week due to significant whale purchases, but bearish sentiment and low social volume make the outlook uncertain.

Conversely, BlockDAG has launched its 2 keynote, revealing a multitude of substantial updates. Among these updates are the debut of the X1 Miner app beta version and improvements to the blockchain infrastructure. With the new keynote and the enthusiasm surrounding BlockDAG’s low-code/no-code intelligent platform, presale numbers have skyrocketed, amassing nearly $40.8 million from selling over 10.6 billion coins. This swift expansion has sparked conversations about BDAG coin as one of the best cryptocurrencies for the future.

XRP Price Forecast: Market Volatility and Mixed Sentiment

XRP has seen a notable price drop, now trading below $0.53 amid market volatility. Despite a 26% decline over the past 24 hours, XRP’s trading volume has surged. The current price stands at $0.5279, with a market capitalization of approximately $29.26 billion, ranking it seventh in the cryptocurrency market. Recent whale transactions and anticipation for a potential XRP ETF and a pivotal SEC ruling have increased market activity.

Technical indicators suggest potential sideways trading, with the Relative Strength Index (RSI) at 51.63 and the Average Directional Index (ADX) at 9.92, indicating a weak trend. XRP price predictions highlight that if bullish pressure mounts, the price could surpass the $0.53 resistance level and approach $0.6. However, if bearish sentiment prevails, XRP’s value could stabilize around $0.52 or decline further to $0.5.

Dogwifhat Price Sees Gains Amid Mixed Sentiment

Dogwifhat (WIF) price increased notably in the past week. Now trading at $3.11 with a market cap of $43.1 billion, WIF is the 38th largest crypto. While breaking out of a symmetrical triangle pattern suggests a potential for further gains, crypto analyst Captain Faibik remains cautious about the possible bull rally.

Despite the high buying pressure, with a whale recently purchasing large amounts of WIF, the sentiment is bearish and social volume is low. Rising Open Interest and a supportive Money Flow Index offer some hope, but the outlook remains uncertain.

BlockDAG’s Keynote & X1 Mining App Beta Version Launch

BlockDAG recently launched its moon-themed Keynote 2, sparking significant interest in the project. The presentation unveiled crucial updates including the enhancements to the X1 Mining App and the launch of its beta version, advancements in blockchain technology, BlockDAG’s plans to introduce its all-human team and the implementation of a comprehensive global marketing strategy. These announcements have attracted attention from prestigious publications such as Forbes and Bloomberg. 

Powered by its innovative Detailed Acyclic Graph (DAG) implementation, BlockDAG efficiently executes concurrent operations while ensuring disk persistence, enhancing both speed and security. These updates highlight BlockDAG’s superior scalability and transaction speed, distinguishing it from traditional blockchains. This advancement empowers users to mine BDAG coins and increases earnings in anticipation of the mainnet launch.

Keynote 2 introduced the X1 Miner app, the beta version for which has been launched and is now available on Android and Apple platforms. The initial phase, including wireframe design, user onboarding, and presale functionality, has been successfully completed. The X1 Miner app transforms smartphones into efficient BDAG coin-mining devices with an energy-saving algorithm that preserves battery life and data. It features an intuitive interface, a referral system to boost mining rates, and daily engagement incentives. With upcoming modules like Wallet, Send/Receive, Leaderboard, and Community Section, users can start mining up to 20 BDAG per day, equivalent to $1 at launch.

Conclusion

With XRP’s bullish price predictions and Dogwifhat’s (WIF) price uncertainty, BlockDAG captures the crypto world with its lunar-themed Keynote 2, driving its presale to new heights. Garnering $40.8 million and selling over 10.6 billion coins, BlockDAG’s surge is fueled by its new keynote video and the launch of its cutting-edge X1 mining app beta version. As a result, BlockDAG is emerging as one of the most promising cryptocurrencies for the future.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Viral Keynote 2 Spurs $40.8M Presale Boom, Outshining XRP Price Prediction & Dogwifhat’s Bearish Outlook  appeared first on Metaverse Post.

Arbitrum (ARB) price has recently triggered a breakout from the 20-Day EMA, and Ethereum Classic (ETC) price is on the verge of a significant rally. Amid these trends, BlockDAG‘s latest Keynote 2 has ignited a remarkable surge in interest, driving a $40.8 million presale and outpacing the trends of ARB and ETC prices. 

This surge underscores BlockDAG’s growing influence in the cryptocurrency sphere, particularly for those looking for the best crypto to buy now. Additionally, with its innovative mining rigs like the X10 and a robust DAG-based blockchain technology, BlockDAG’s not just keeping up but setting new standards as a leading force in the industry.

Arbitrum’s Price Momentum & Future Outlook

Arbitrum has shown significant price movements recently. After struggling to maintain the $3 hurdle since early 2023, the ARB price faced intense selling pressure from March onwards. However, a recent breakout from the trendline has triggered a positive shift. 

Arbitrum price increased by 3.48%, trading at $1.16 with a market capitalization of $3.09 billion and a trading volume of $1.07 billion. Technical indicators like the MACD and RSI suggest a potential upward trajectory, making Arbitrum a key asset to watch for future price movements.

Ethereum Classic Price Analysis & Forecast

Ethereum Classic (ETC) has also experienced notable fluctuations. Starting the year at $21 and hitting $38 in March, the token saw a correction below $30 but has since regained momentum. Currently, ETC is establishing support above the $30 mark with projections to retest the $38 resistance level.

Analysts forecast a potential rise driven by increased trading volume and market cap. Ethereum Classic’s robust performance places it among the top altcoins to consider, especially with the anticipated altcoin season on the horizon.

BlockDAG’s Keynote 2 Sparks Frenzy as Presale Booms!

BlockDAG’s Keynote 2 has been a game-changer, revealing significant advancements and driving substantial interest in the crypto community. The keynote highlighted several key updates, including the release of the X1 Miner app, advancements in blockchain technology, and a comprehensive roadmap for future developments. These announcements have captivated investors, showcasing BlockDAG’s commitment to innovation and excellence in the crypto space, leading to the presale to surge to $40.8 million.

But the excitement doesn’t stop here when it comes to the keynote 2. The viral video also highlights the BlockDAG’s innovative approach to blockchain technology, which utilizes a Directed Acyclic Graph (DAG) structure to ensure enhanced scalability and security. This allows for multiple transactions to be confirmed simultaneously, eliminating the need for traditional miners and improving transaction throughput. The successful integration of Proof-of-Work with DAG has set a new standard in the industry, highlighting BlockDAG’s commitment to advancing blockchain technology.

In addition to this, BlockDAG’s miners are also causing waves in the crypto world – especially the X10 miner that has set a new benchmark in crypto mining. It’s set to revolutionize crypto mining with its efficient design and high profitability. The X10 miner can mine up to 200 BDAG daily, operating at a minimal energy consumption of 40W. Its compact size and ease of setup make it an ideal choice for both novice and experienced investors, promising significant returns on investment.

Final Say

The reality is no longer hidden; as BlockDAG’s Keynote 2 has undeniably sparked a surge in interest, with a remarkable $40.8 million presale success that eclipses the performance trends of Arbitrum price and Ethereum Classic’s price. With groundbreaking advancements and a focus on innovative mining solutions like the X10 miner, BlockDAG is positioned as a pivotal player in the cryptocurrency market. For those seeking the best crypto to buy now, BlockDAG offers a promising opportunity. 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

The post BlockDAG’s Viral Keynote Drives $40.8M Presale Surge, Outperforming Arbitrum Price & Ethereum Classic Price Trends appeared first on Metaverse Post.

The Uniswap (UNI) price surged notably following the dispute over SEC allegations. Meanwhile, Optimism (OP) News reports that the OP token has notably risen over the last week and month. In contrast, BlockDAG introduced its 2 keynote from a celestial perspective, unveiling a plethora of significant updates. 

These included the launch of the X1 Miner app beta, improvements to the blockchain infrastructure, and the introduction of its entirely human team. With the updated keynote and a showcase at Piccadilly Circus, presale figures surged, accumulating nearly $40.8 million and advancing to batch 16 at $0.0095, positioning BlockDAG as one of the top altcoins.

Uniswap (UNI) Price Rises Amid SEC Dispute

This week, the Uniswap (UNI) price surged notably, surpassing important moving averages. Uniswap Labs responded to the SEC’s Wells Notice, labelling the allegations as “weak and wrong” and prepared to fight. Following this, investor speculation drove the Uniswap price up. UNI displayed a double bottom formation, breaking out and breaching the neckline, aiming higher. 

Increased trading volume and the adoption of ERC-7683 with AcrossProtocol boosted confidence. The RSI indicated overbought conditions and a rise in development activity, showing an optimistic outlook. Open interest dropped, suggesting a possible upward movement.

Optimism (OP) News: Whale Activity Boosts OP Token Volatility 

Cryptocurrency whales have shown increased activity in Ethereum-based altcoin Optimism ($OP ), signalling potential volatility and price reversals. According to on-chain analytics firm Santiment, this surge in whale activity typically precedes significant market movements.

Optimism News reports that the OP token is currently trading at $3.7, having risen notably over the last week and month. This increased activity and price movement highlight growing interest and the potential for further gains in Optimism.

BlockDAG’s Moon Keynote and London Showcase

BlockDAG’s Keynote 2, unfolding against a captivating lunar backdrop, has ignited significant interest in the project. The presentation showcased pivotal updates, encompassing enhancements to the X1 App, advancements in blockchain technology, unveiling a fully transparent all-human team, and implementing a robust global marketing strategy. These revelations have garnered attention from reputable publications such as Forbes and Bloomberg.

Powered by its Detailed Acyclic Graph (DAG) implementation, BlockDAG executes efficient concurrent operations and ensures disk persistence, thereby augmenting speed and security. Key highlights included the introduction of the X1 Miner app and the beta version of X1 on Android and Apple platforms. Emphasising BlockDAG’s superior scalability and transaction speed, these updates underscore its differentiation from traditional blockchains. Such advancements equip users to mine BDAG coins and enhance earnings in anticipation of the mainnet launch.

Additionally, BlockDAG captured significant attention with a dynamic display at Piccadilly Circus, celebrating its CoinMarketCap listing and unveiling a $100 million liquidity plan. This high-profile event boosted interest in BlockDAG, increasing investor enthusiasm and propelling the presale into its 16th batch. Priced at $0.0095, with presale figures reaching $40.8 million, BlockDAG is positioning itself as one of the top altcoins.

The Takeaway

While the Uniswap (UNI) price witnessed a notable surge in the wake of the dispute with SEC allegations, Optimism (OP) news indicates a notable increase in the OP token’s value over the past week and month.

In contrast, BlockDAG lights the London sky to celebrate major exchange adoptions. This was followed by the release of its keynote 2, which showcased pivotal updates and unveiled a fully transparent, all-human team. These updates led the presale to surge to $40.8 million in record time, setting BlockDAG as one of the top altcoins.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Keynote 2 and London Showcase Drive $40.8M Presale Amid Uniswap (UNI) Price Surge and Optimism (OP) News appeared first on Metaverse Post.

The crypto industry is filled with several price prediction experts who make their speculations based on a careful study of an asset’s historical price data. When the asset follows the trajectory of their prediction, it often boosts the crypto community’s confidence in such experts. 

Recently, a crypto expert who accurately predicted the Bitcoin (BTC) bottom in 2018 is back again with another bullish prediction for Floki (FLOKI) and ETFswap (ETFS), causing members of the crypto community to keenly observe if the assets will again follow the trajectory the expert predicted. 

ETFSwap Spearheads Tokenization Rally By Reshaping ETFS

ETFswap (ETFS) is a crypto project house in the Ethereum (ETH) network that introduces the concept of bringing exchange-traded funds into the blockchain through the tokenization of assets. The tokenized ETFs will directly represent traditional ETFs on the blockchain, making it possible for traders to track the progress of this asset before making any investment decision. 

Further, users can access the tokenized ETFs on a web3 marketplace pumped with 24/7 liquidity and a user-friendly interface that makes it easy for experts and newbies to navigate. As a decentralized platform, ETFswap (ETFS) will leverage DeFi tools and protocols like Zero Knowledge Proofs, ensuring user privacy when executing transactions. 

Also, the no-KYC policy will allow new users to access the network without needing to disclose sensitive information or wait until they are approved. At the heart of the network is an ERC-20 token, which will function as its native token, serving as the fuel driving its ecosystem. 

Therefore, all users will need to hold a portion of the ETFS token to gain access to all the features on the network, including trading tokenized ETFS. By holding the token, they will also be privy to perks like staking rewards and active participation in the network’s governance through voting. 

Crypto Expert Bullish On FLOKI

A pseudonymous crypto expert and trader, only identified as Bluntz, has taken to his X (formerly Twitter) page to analyze Floki (FLOKI) daily charts, indicating that the meme coin is forming an uptrend stair pattern.

In technical analysis, this pattern hints at a bullish breakout and is used to determine potential entry and exit points into the market. Therefore, Bluntz speculates that Floki (FLOKI) gears to reach escape velocity and foresees the meme coin surging to $0.00075, a 162% increase from its current price level. 

While this looks like a long shot, it is important to note that this same expert in 2018 accurately predicted a sharp drop in price for the king of cryptocurrency, Bitcoin (BTC), in June, and by December of that year, Bitcoin (BTC) crashed from a high of $20,000 to a low of about $3,500. So even though Floki (FLOKI) currently trades at $0.0002542 and ranks 49th in the crypto market, many are highly anticipating its price in the coming weeks. 

ETFSwap Presale And Conclusion

ETFswap (ETFS) was also an object in the expert focus, and like other experts, Bluntz was bullish on the platform native token ETFS, which is currently offered at $0.00854 per coin in its stage 1 presale event. 

By stage 2, the token price will increase to $0.01831, ensuring profit for all participating in the stage 1 sale. 

Before the public sale, ETFswap (ETFS) had introduced the token and its ecosystem to large investors in a private sale event. After the private sale, three angel and two institutional investors were impressed by its long-term potential for growth and invested $750,000. 

Therefore, Bluntz was confident that ETFS would soon surge by 20,000% to $3, resulting in over 200x yield for all early investors. So now is the time to hurry and buy ETFS at a relatively low price in the ongoing stage 1 presale to realize a massive profit when it eventually surges to the $3 mark. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

The post Crypto Expert Who Accurately Called The Bitcoin Bottom Says Floki And This Altcoin Will Hit Escape Velocity appeared first on Metaverse Post.

Despite predictions and historical trends, Bitcoin’s bull run may not last. On the other hand, Cardano’s outlook appears bullish after climbing above the 200-day moving average, but there’s caution over the sustainability of these gains. BlockDAG unveiled its 2 keynote from a celestial vantage point, revealing numerous pivotal updates. These included the debut of the X1 Miner app, enhancements to the blockchain infrastructure, the introduction of its fully human team, and additional innovations. 

As a result, presale figures surged, accumulating nearly $40.8 million and advancing to batch 16 at $0.0095. This represents an 850% increase from the initial price of $0.001, positioning BlockDAG as a standout contender among the best altcoins for 2024.

Predictions on the Sustainability of the Bitcoin Bull Run

Bitcoin’s [BTC] bull run may be short-lived, despite predictions by crypto analyst Axel Adler. Data from CryptoQuant shows prices just 4.2% below the ATH from two months ago, and short-term holder profits suggest potential gains.

However, the 7-day moving average of Open Interest is only up 9%, compared to 20% during previous peaks. Additionally, the RSI remains below 70, indicating weak bullish momentum. Historical data suggests a potentially lasting bull run, but the current indicators raise doubts about its sustainability.

Cardano Predictions: Caution Over Sustainability

Cardano (ADA) has been a hot topic in crypto circles this week, with analysts like Sssebi predicting a potential bull run. However, while ADA has climbed above the 200-day moving average (200MA) on the 4-hour chart, suggesting a bullish signal, the sustainability of this trend remains uncertain.

Despite the recent retest and bounce from the 200MA with high trading volume, the market’s future direction is unclear. Increased trading volume indicates high market interest, but the recent gains may be short-lived. Sssebi’s analysis has resonated with the crypto community, but he emphasises the importance of independent research before investing.

BlockDAG’s Keynote 2 Unveils Revolutionary Updates

BlockDAG’s second keynote video, broadcasted from the moon, further fueled the already surging presale. Advancing to Batch 16, priced at $0.0095, marks an impressive 850% increase from the initial batch. The presale has garnered nearly $40.8 million, selling more than 10.6 billion BDAG coins. With daily earnings currently at $500,000, projections indicate that BlockDAG could reach $5 million daily, underscoring significant investor enthusiasm.

The keynote covered several crucial updates, including the X1 Mobile Miner app and the Beta version of the X1, accessible on both Android and Apple platforms. It also highlighted enhancements to the blockchain and the revelation of BlockDAG’s exclusively human team. Emphasising the effectiveness of BlockDAG’s Directed Acyclic Graph (DAG) implementation, the keynote showcased its superior scalability and transaction speed compared to conventional blockchains. These advancements enable users to mine BDAG coins and enhance earnings in preparation for the mainnet launch.

Moreover, the low-code and no-code functionalities streamline decentralised application development within the BlockDAG ecosystem. This method offers advantages to smart contracts, meme coins, and NFTs by empowering users to design and launch applications through intuitive drag-and-drop interfaces, eliminating the need for conventional coding. This facilitates quicker prototyping and diminishes development time, ensuring competitiveness in the rapidly evolving crypto market.

Final Word

Despite predictions and historical data suggesting otherwise, Bitcoin’s bull run might not be prolonged. Meanwhile, Cardano’s outlook appears bullish, but there’s caution over the sustainability of these gains.

In contrast, BlockDAG’s innovative advancements, highlighted in the lunar-streamed Keynote 2, have significantly boosted interest and investment in their ecosystem.  The release of the X1 Miner app beta, low-code/no-code development features, and the emphasis on their efficient DAG implementation underscores BlockDAG’s commitment to scalability and user-friendly technology. With an impressive presale performance marking an 850% price surge and growing investor confidence,  positioning BlockDAG as one of the best altcoins for 2024.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Lunar Keynote Release Drives Price Up 850%, Surpassing Bitcoin Bull Run and Cardano Predictions appeared first on Metaverse Post.

Cryptocurrency exchange Binance disclosed that commencing June 30th, only specific regulated entities will have the authorization to issue and offer stablecoins labeled as “Regulated stablecoins” within the European Economic Area (EEA). Other stablecoins not meeting regulatory criteria will face restrictions and fall under the classification of “Unauthorized Stablecoins.”

Binance will gradually adjust the availability of Unauthorized Stablecoins. This includes retaining the convert function for Unauthorized Stablecoins, albeit in a “sell-only” mode, permitting users to exchange them for other digital assets, including regulated Stablecoins. However, the option to buy Unauthorized Stablecoins will be discontinued from June 30th onwards. Spot trading for these assets will also be suspended, while custody and wallet services will be unaffected.

Furthermore, commencing on June 30th, the exchange will extend product restrictions throughout its entire range to prohibit users from engaging in new products or services related to Unauthorized Stablecoins.

Rewards earned from campaigns and referrals will now be distributed in Regulated Stablecoins, BNB, or other non-stablecoin tokens. Copy trading for EEA users will be discontinued starting June 29th at 20:59 UTC. Additionally, new borrowings of Unauthorized Stablecoins will be prohibited. Regarding the Binance Launchpool, the FDUSD pool will be inaccessible for EEA users. New subscriptions in Simple Earn, Binance Loans, VP Loans, Dual Investment, Cloud Mining, and related services such as Red Packet, Spend To Earn, Gift Card, and Web3 Wallet – Earn Section will be restricted before June 29th at 20:59 UTC.

Binance Aligns With MiCA Regulations In Preparation For Its Enforcement In EEA

The recent announcement coincides with the impending enforcement of MiCA stablecoin regulations, scheduled to take effect across the EEA on June 30th. This move by Binance marks the initial phase of adaptation to the new regulatory framework, which is expected to substantially influence the stablecoin market within the EEA.

Stablecoins gain significant attention under the MiCA as it aims to enhance consumer protection and economic stability by imposing stringent regulations on stablecoin activities. One of the key aspects is the requirement for stablecoin issuers to obtain licenses from relevant EU authorities. Additionally, issuers must fulfill various obligations, including the authorization of a “white paper” by national regulatory bodies, adherence to regulatory protocols, maintenance of adequate reserves, and implementation of secure custody solutions for underlying assets.

The post Binance To Restrict ‘Unauthorized Stablecoins’ For European Union Users Starting June 30 appeared first on Metaverse Post.

Cryptocurrency payment solution provider Alchemy Pay announced an expansion of its support for the EVM-compatible blockchain network Celo‘s native USDC and USDT. This new integration allows users from 173 countries to acquire these assets, with support for over 50 local fiat currencies. Such broad support aims to improve the adoption of these assets across various regions.

Alchemy Pay’s platform facilitates over 300 fiat payment methods, encompassing Visa, Mastercard, regional mobile wallets, and domestic transfers. The new integration will extend access for Alchemy Pay’s users to a diverse range of Celo-native USDC and USDT use cases, spanning on-chain savings, lending, remittances, peer-to-peer, and cross-border payments.

Celo is an Ethereum Layer 2 and mobile-centric blockchain crafted for real-world applications and engineered to facilitate swift, cost-effective payments globally. It maps phone numbers to cryptocurrency wallet addresses and aims to streamline payment processes to be as simple as sending a text message, all at low, sub-cent transaction fees. Earlier this year, Celo introduced Circle’s USDC and Tether’s USDT on its mainnet.

This just in: @AlchemyPay now supports Celo-native USDC & USDT!Alchemy Pay enables users in 173 countries to acquire the assets w/ 50+ local fiat currencies supported, bolstering stable asset adoption worldwide! Keep reading for more about the expansion ↓ pic.twitter.com/GVp6uW1z2e

— Celo (@Celo) June 3, 2024

Alchemy Pay Expands Its Payment Solutions Via Binance Pay And BounceBit

Alchemy Pay offers a range of services, including On & Off-Ramp solutions, non-fungible token (NFT) checkout, cryptocurrency cards and payments, as well as support for local mobile wallets. Drawing on its substantial expertise in the cryptocurrency payment domain, it has cultivated partnerships with a variety of blockchains and platforms, encompassing Polygon, TON, Avalanche, ICP, Neo, Arbitrum, Binance Pay, OKX, Bitget, and Lido, among others.

Last year, Alchemy Pay integrated CELO and cUSD onto its on-ramp platform, allowing individuals to seamlessly interact with these assets daily in a compliant and user-friendly manner.

Recently, it has added its native token, ACH, as a payment option into Binance Pay, Binance’s cryptocurrency payment system. Additionally, it has collaborated with BounceBit, a blockchain platform for Bitcoin restaking, to provide its users with convenient cryptocurrency deposit and withdrawal options.

The post Alchemy Pay Expands Support For Celo-Native USDC And USDT For Seamless On-Ramp appeared first on Metaverse Post.

Within the fast-paced world of cryptocurrency, new projects emerge regularly, each vying for attention and investment. One such project, Retik Finance (RETIK), has captured significant attention, especially from a notable $70,000,000 crypto whale. This investor has hailed Retik Finance as a potential “Polygon (MATIC) killer,” revealing his own holdings in RETIK. Let’s dive into the details of Retik Finance’s meteoric rise and why it has garnered such high praise.

Explosive Growth and Market Performance

Retik Finance (RETIK) made headlines with its impressive performance during its presale phase. Starting at a modest $0.030, RETIK quickly surged to $0.12, showcasing a promising 300% increase even before its official listing. When it finally launched on major exchanges like Uniswap, MEXC, Bitmart, LBank, CoinW, Digifinex, Bitrue, and P2PB2B, the token was listed at $0.15. The excitement didn’t stop there. Within hours of its launch, RETIK experienced an extraordinary surge, reaching an all-time high (ATH) of $3. This remarkable 2000% increase from its listing price stunned the crypto community, pushing Retik Finance’s market cap close to an astonishing $3 billion. This surge allowed RETIK to overtake the prices of established cryptocurrencies like Polygon (MATIC) and Cardano (ADA), which currently trade at $0.7496 and $0.4704, respectively.

The Whale’s Endorsement

The $70,000,000 crypto whale’s endorsement of Retik Finance (RETIK) has added a layer of credibility and intrigue to the project. This investor praised Retik Finance as a potential game-changer, even dubbing it a “Polygon killer.” The whale’s confidence in RETIK is evident as he disclosed his own substantial holdings in the token. Such endorsements from influential investors often serve as a vote of confidence, attracting more attention and investment to the project. In this case, the whale’s praise is not just about the token’s price surge but also its underlying potential to disrupt the market and possibly overtake Polygon in terms of market cap by 2024.

Factors Behind Retik Finance’s Success

Several factors contribute to Retik Finance’s impressive performance and optimistic outlook:

1. Strong Presale Performance

The presale phase of Retik Finance set a solid foundation for its success. The token’s price increase from $0.030 to $0.12 demonstrated robust investor interest and confidence in the project. This early momentum carried over into its official listing, fueling further price increases.

2. Strategic Exchange Listings

Listing on major exchanges like Uniswap, MEXC, Bitmart, LBank, and others provided Retik Finance with significant exposure and liquidity. These listings made it easier for investors to access and trade RETIK, contributing to its rapid price appreciation.

3. Innovative Features

Retik Finance offers several innovative features that set it apart from other cryptocurrencies. One notable feature is Retik Swap, a platform for seamless token swaps. Additionally, investors can stake their RETIK tokens on the Retik Finance website, earning rewards and further incentivizing holding the token.

The Future of Retik Finance (RETIK)

With its current trajectory, Retik Finance (RETIK) is poised for continued growth and potential market dominance. The whale’s prediction that RETIK could overtake Polygon in terms of market cap by 2024 is ambitious but not entirely far-fetched given the token’s performance so far.

Strategic Plans

Looking ahead, Retik Finance’s strategic plans will play a pivotal role in its success. The team must focus on enhancing the platform’s features, expanding its ecosystem, and forging partnerships that add value to the project. Transparency and communication with the community will also be key to sustaining investor trust and interest.

Conclusion

Retik Finance’s journey from a presale token to a potential market leader has been nothing short of extraordinary. The $70,000,000 crypto whale’s endorsement and personal investment in RETIK underscore the project’s potential to disrupt the cryptocurrency landscape. As Retik Finance (RETIK) continues to grow and innovate, it will be fascinating to see whether it can fulfill the whale’s prediction and truly become a “Polygon killer.” For now, investors and enthusiasts alike will be watching closely, eager to see what the future holds for Retik Finance (RETIK) and its ambitious quest for market dominance.

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com

Whitepaper: https://retik.com/retik-whitepaper.pdf

Twitter: www.twitter.com/retikfinance

Telegram: www.t.me/retikfinance

The post $70,000,000 Crypto Whale Praises Retik Finance (RETIK) as a Polygon (MATIC) Killer, Discloses Holding RETIK Himself appeared first on Metaverse Post.

In the dynamic realm of decentralized finance (DeFi), Retik Finance (RETIK) has emerged as a formidable player, recently making waves with its listing on major exchanges like MEXC, LBank, and Bitmart. The allure of DeFi lies in its ability to revolutionize traditional financial systems by leveraging blockchain technology and smart contracts. This transformative approach bypasses the need for intermediaries like banks, thereby offering increased accessibility, reduced transaction costs, and enhanced transparency and security. At its core, DeFi democratizes finance, opening up opportunities for anyone with internet access to participate and innovate in the financial sector.

Decentralized Finance (DeFi)

The benefits of DeFi in the crypto space are significant, offering increased accessibility to financial services for anyone with internet access, lower transaction costs due to the removal of intermediaries, and enhanced transparency and security through blockchain’s immutable ledger. This democratization of finance not only fosters greater financial inclusion but also encourages innovation and experimentation in the financial sector, ultimately reshaping the way we interact with and perceive traditional financial systems. The appeal of DeFi lies in its ability to offer financial services traditionally reserved for banks to a broader audience.  Retik Finance (RETIK) capitalizes on this appeal by providing innovative DeFi solutions aimed at revolutionizing the global financial landscape. By eliminating intermediaries and leveraging blockchain technology, Retik Finance offers efficient, transparent, and secure financial services to users worldwide. Its decentralized nature ensures that users maintain control over their assets, eliminating the need for trust in third-party entities.

The Recent Surge Retik Finance (RETIK)

Retik Finance (RETIK) represents an innovative platform aiming to establish a fully decentralized finance ecosystem, effectively closing the divide between the realm of cryptocurrencies and conventional fiat applications like Visa and Mastercard Debit Cards. Through the substitution of third-party intermediaries in financial transactions—such as banks and middlemen—with secure and efficient Smart Contracts, Retik Finance strives to deliver a financial environment that’s not only more transparent but also built on trustworthiness for its users. With its recent launch on multiple exchanges, Retik Finance witnessed a meteoric rise, soaring to a market capitalization of nearly $3 billion within hours. The token’s price surged from an initial listing price of $0.15 to a peak of $3, marking an impressive 20-fold increase and a staggering 100-fold increase from its first presale stage. This surge in value underscores the growing interest and confidence in DeFi projects like Retik Finance, fueled by strong community support, strategic exchange listings, and innovative DeFi solutions.

The 2500% Upside Prediction

Despite its impressive debut, RETIK’s current price trajectory suggests significant upside potential. A prominent crypto strategist has forecasted a remarkable 2500% rally for Retik Finance, citing factors such as the growing adoption of DeFi, technological advancements, strategic partnerships, and positive market sentiment.  These factors collectively contribute to Retik Finance’s long-term growth prospects, positioning it as a leading player in the DeFi space. As the DeFi sector continues to mature and gain mainstream acceptance, Retik Finance stands to benefit from increased user adoption and demand for its innovative solutions.

The Future of Retik Finance (RETIK)

Looking ahead, Retik Finance aims to further expand its suite of DeFi services, introduce user-friendly interfaces, and foster innovation within the ecosystem. By focusing on enhancing user experience, fostering strategic partnerships, and supporting new initiatives, Retik Finance (RETIK) seeks to solidify its position as a driving force in the DeFi landscape. The platform’s roadmap includes plans to introduce advanced financial products such as decentralized lending and borrowing, automated market making, and yield farming opportunities. Additionally, Retik Finance is exploring avenues to integrate with other blockchain platforms and traditional financial institutions, further expanding its reach and impact.

Conclusion

The rise of Retik Finance exemplifies the transformative potential of DeFi in reshaping the financial landscape. With its recent listing on major exchanges and optimistic growth forecasts, Retik Finance has captured the attention of investors and enthusiasts alike. As the DeFi space continues to evolve, Retik Finance (RETIK) remains at the forefront, driving innovation and fostering inclusivity in the financial sector. The journey of Retik Finance (RETIK) underscores the immense possibilities that DeFi offers in creating a more accessible, equitable, and transparent financial ecosystem for all. As it continues to push the boundaries of decentralized finance, Retik Finance stands poised to leave a lasting impact on the future of finance.

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com

Whitepaper: https://retik.com/retik-whitepaper.pdf

Twitter: www.twitter.com/retikfinance

Telegram: www.t.me/retikfinance

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PlayDoge (PLAY)’s new crypto ICO shows memecoin mania is still in full swing in June 2024.

The first two presale rounds at playdoge.io token have already hit their target, with approximately $1.5 million now raised so far from early investors. 

Now on presale round three, the new memecoin has made major news headlines and crypto influencers have started to discuss the Doge-inspired project and its potential for altcoin season.

Dogecoin, But Gamified and With a Smaller Marketcap 

The gold standard for any memecoin investor is often the Dogecoin meme, and fortunately, the PlayDoge project seems to have adapted the same theme but with a story-like twist and nostalgic 90s themes. 

The concept involves a world where the beloved Doge mascot vanishes completely and is only seen later in the PlayDoge app. Essentially, the developers create a storyline where the PlayDoge app and game ecosystem remains the only place to connect with everyone’s favorite new 2D Doge, which they call PlayDoge. 

PlayDoge lives in a virtual world, and investors or players are expected to take care of it as they would their own pets by nurturing it. However, players also stand to gain from this, as they can play games using their PlayDoge and potentially win rewards. In short, the platform features a P2E ecosystem with a crowd-favorite 2D Tamagotchi-styled world.

The project is launching with significant utility, which helps it grow potentially as a high-value token already. But even from an investment perspective alone, PLAY, the native token of the project, manages to be in the perfect buying zone for many. The developers have already positioned the project as a venture that could be massive going forward. 

You can now relive the #Tamagotchi experience in the Cryptoverse. What a time to be alive! #P2E mini-games Low gas fees on #BNB Lots of $PLAY rewards#MemeCoin #PlayDoge #CryptoGaming pic.twitter.com/HXIIQeA31q

PLAY is still in one of its earliest presale phases – stage three – priced at just $0.00503 per token. While it may be unrealistic to imagine any new meme crypto ICO reaching the market cap of Dogecoin, it is fair to compare its value to tokens with a game ecosystem. A good example is Axie Infinity, which also features a simple but interesting style of gaming. It is a complete ecosystem, just like PlayDoge. 

At the time of writing, the price of AXS, the native token of Axie Infinity, is valued at $7 with a market cap of over $1 billion. On the other hand, the fully diluted market cap of the PLAY token following the ICO is set to be $50 million, which means that by even reaching half the level of growth that Axie Infinity achieved, the project may pump considerably, allowing investors to make a high ROI on their investment. 

Popular YouTube channels like 99Bitcoins have already dubbed PLAY a potential 100x token. The community of the project has also been highly active on its social media channels on Twitter and Telegram, with many speculating a pump right after its launch in the next couple of weeks.

PlayDoge Audit, Potential Exchange Listings and Staking Attracts Memecoin Investors

PlayDoge has already made a mark with its innovative concept and game usecase, unlike the majority of recently introduced memecoins that offer little to no real-life value. However, beyond its utility as a P2E ecosystem, investors are bullish on the new crypto ICO token due to its upcoming developments. 

The contract code has been audited by SolidProof, making the BEP-20 token a safe bet for anyone interested in purchasing. A growing community has led to the project being featured on multiple major crypto news outlets, which usually catches the attention of exchanges. 

So far those include the likes of Watcher Guru and Bitcoin.com, two of the largest crypto websites, and comparison sites such as bestcryptotobuynow.io.

This increased exposure may induce a string of potential exchange listings, further propelling the growth of the PLAY token.

Investors also highlighted on the Telegram channel how they were interested in parking funds as early as possible to leverage the benefit of staking rewards. 

While this offer is available only for presale buyers using Binance Coin (BNB) to buy PlayDoge, it is quite attractive, as the current APY rate is around 200%.

The project has individually managed to gain value and standing as a leading memecoin to consider investing in. 

The early level of interest, raising $1.5 million in one week, may indicate a wave of memecoin mania once again for the newest crypto presale on the block. It may be wise to stock up on projects like PlayDoge as soon as possible to benefit from that, alongside the incremental token price rise during the presale stages.

Visit PlayDoge ICO

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Layer 1 blockchain Vanar (VANRY) announced its intention to launch its mainnet program today. According to the post on social media platform X, in the upcoming weeks, Vanar Core Validator will be joined by a prominent technology company, major cryptocurrency exchanges will integrate with the Vanar mainnet, node operators will contribute to powering the network, and Vanar will introduce its Innovative Prize Pools. 

Vanar is a Layer 1 blockchain solution tailored for widespread adoption in the mass market. It incorporates several fundamental pillars in its design, prioritizing speed and scalability essential for large-scale brands. These pillars encompass fast transactions, low costs, an application ecosystem enabling a one-stop shop for mainstream brands, and scalability, among other features.

Vanar’s architecture aligns with the Ethereum infrastructure. By leveraging the established and secure Ethereum codebase, the blockchain implements customized modifications to achieve its core objectives effectively.

Central to Vanar’s architecture is the GETH implementation, which forms the core of its execution layer. This foundation is enhanced by a hybrid consensus mechanism known as Proof-of-Authority (PoA), governed by Proof-of-Reputation (PoR). This mechanism facilitates the inclusion of new node validators through an inclusive validator election process. The synergy between these elements fosters a resilient and high-performance ecosystem capable of supporting a wide array of applications.

Recently, Vanar unveiled several accomplishments achieved over the past three months. These milestones include processing over 30 million transactions, witnessing the registration of over 6 million wallet addresses actively engaging in the ecosystem, and garnering the participation of over 50 corporate adopters, including renowned brands like Google, Nvidia, and Revolut, among others. According to the project, the mainnet is expected to expedite this progression further.

Vanar's Mainnet Program Launches Today.What to expect in the coming weeks:✦ One of the worlds biggest tech companies joins as a Vanar Core Validator✦ Major Web2 Companies driving institutional adoption✦ Top Crypto Exchanges integrating with Mainnet✦ Massive Node… pic.twitter.com/b75M02erg5

— Vanar (@Vanarchain) June 3, 2024

Vanar Unveils Fifth Phase Of Its Testnet, Records Over 1.2M Transactions Within First Ten Days

Vanar launched the fifth phase of its testnet, Vanguard, in March. This phase was crafted to provide users with a developer’s viewpoint on blockchain functionalities, facilitating the deployment of meme tokens or non-fungible token (NFT) contracts.

Moreover, Vanguard unveiled a variety of features aimed at enhancing seamless interactions within the blockchain ecosystem, tailored specifically to meet the requirements of the entertainment sector. This encompasses advanced modules for crafting engaging customer experiences and nurturing a fresh era of player-owned assets, dynamic digital economies, and immersive engagements. Within just ten days of its launch, the Vanguard testnet recorded over 1.2 million transactions, 500,000 wallets, and 6,500 new contracts.

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Blockchain-based smartphones, or “crypto phones,” are becoming more and more popular as the use of cryptocurrencies increases. The way people keep data, exchange money, and interact has completely changed as a result of growing awareness of data privacy, financial inclusion, and security. This new generation of smartphones is now available to a broader audience thanks to improved privacy, security, and decentralized features.

The rising need for safe, approachable crypto solutions led directly to the emergence of crypto phones. With the increasing adoption of digital assets and blockchain technology, the shortcomings of standard cell phones became evident. The particular requirements of cryptocurrency fans were just not intended for existing gadgets.

Innovative businesses and blockchain initiatives began creating cell phones, especially for the cryptocurrency community, after seeing this need. The objective is to design gadgets that might combine the portability of mobile computing with the intricacies of blockchain technology. Consequently, the first cryptocurrency phones appeared, ushering in a new phase of decentralized mobile technology.

TOP Crypto Phones of 2024 You Shouldn’t Miss Out On

A number of prominent companies have developed as the market for cryptocurrency phones keeps changing, each providing special features and functionalities catered to the requirements of the cryptocurrency community. These businesses are influencing how mobile computing will develop in the future and if dApps and crypto will be widely used.

Solana Saga

The Solana Saga is a new cryptocurrency phone that provides deep integration with the whole Solana ecosystem. It was created by the same team that created the Solana chain. It has features like easy access to dApps, a safe Seed Vault for digital asset management, and compatibility with well-known Solana-based platforms like Magic Eden and Audius. The goal of the Solana Saga is to give Solana users a mobile-first Web 3 journey so they can explore the huge possibilities of the Solana network and take part in the DeFi shift with just their hands.

1/ Almost overnight, Solana Mobile's Saga became the most rewarding experience on a phone, ever, and sold out.You know that story. Now it's time for the next part of the epic.https://t.co/nYR9apGGITPreorder #Chapter2 & spread the word to maximize your chance at rewards pic.twitter.com/tYZCBLWwHK

— Solana Mobile 2⃣ (@solanamobile) January 16, 2024

Ethereum Phone (ΞPhone)

Created in partnership with the Ethereum community, the ΞPhone takes a unique strategy to cryptocurrency phones. It is powered by the open-source ethOS operating system, which permits community-driven updates and growth. Along with native ENS cooperation, assistance with Ethereum-based apps, and L2 scaling solutions, the ΞPhone has an Ethereum lite client. With its total immersion within the Ethereum ecosystem, this gadget embraces the ethos of decentralization and open-source cooperation.

Once again that was quick, – we are SOLD OUT! Give us a follow and stay tuned for the next release And please be careful of scam sites. This mint is now closed! https://t.co/7XPJmTsymz

— ethOS (@EthereumPhone) April 18, 2024

HTC Desire 22 Pro

The Desire 22 Pro is a smartphone with a focus on cryptocurrency that was created by the Taiwanese electronics giant HTC with the goal of bridging the gap between the real and virtual worlds. This gadget combines technologies including artificial intelligence (AI), virtual reality (VR), blockchain, and 5G to give consumers exploring the metaverse a seamless experience. Together with its connection with the HTC Viverse ecosystem and built-in cryptocurrency wallet, these capabilities let users move between the worlds of virtual immersive experiences and digital assets with ease.

FINNEY by Sirin Labs

The FINNEY from Sirin Labs, one of the first phones to enter the cryptocurrency space, was created with confidentiality and safety in mind. It has functions that include a token conversion center, an integrated cold storage wallet, and access to a large selection of apps. With its strong security suite layer and potent Snapdragon 845 processor, the FINNEY is an excellent option for cryptocurrency aficionados looking for the highest possible degree of performance.

These are but a handful of the cutting-edge cryptocurrency phones that are now on the market. We may anticipate a surge of new competitors joining the market as demand for decentralized mobile computing solutions rises, each offering their own distinct features and vision.

What Benefits Crypto Smartphones Provide

Crypto phones are a fundamental change in the way we view and engage with our digital lives, not merely specialized mobile gadgets. These gadgets have the power to revolutionize a number of facets of our everyday lives, including managing information, proof of identity, money transfers, and our own privacy.

The potential of crypto phones to offer a quick and safe method of managing your online assets is one of its main benefits. You may feel secure knowing that your personal data and cryptocurrency assets are shielded from possible dangers with to features like hardware wallets, biometric identification, and secured methods of communication.

You may also easily access and engage with decentralized finance (DeFi) platforms, NFT markets, and other decentralized services straight from your mobile device, thanks to the integration with a variety of blockchain networks and dApps. It improves the network’s development and involvement rates while also improving the user experience.

Solana dev says new crypto phone ‘feels like madness’ — but it already has $65m in pre-ordershttps://t.co/CUAU1viYQd

— DL News (@DLNewsInfo) May 22, 2024

Crypto phones, which prioritize decentralized identity management and data sovereignty, present a compelling option in an era where data privacy and user control are increasingly prized. Advanced privacy features like anonymous surfing, encrypted messaging, and decentralized identification solutions are frequently included in these devices, giving you back control over your personal information and digital identity.

With the help of crypto phones, you may transition from centralized data silos to a transparent, user-centric approach to data management. This fits with the larger goal of a decentralized, transparent, and open digital environment while simultaneously improving privacy and security.

With the growing popularity of the metaverse idea, crypto phones are promoting themselves as the entry point to this virtual world of immersive experiences. With the help of gadgets like the HTC Desire 22 Pro, you may have a distinctive and captivating experience that mixes blockchain, artificial intelligence, virtual reality, and 5G technology.

Are There Any Obstacles on the Way for Crypto Smartphone Adoption to Spread?

Finding the ideal mix between cutting-edge technology and usability is one of the main issues facing producers of cryptocurrency phones. The technological complexity and customization possibilities may appeal to cryptocurrency aficionados, but drawing in a wider audience will necessitate a smooth and simple user interface that unites smartphone usage with the realm of digital assets.

The development of strong and varied ecosystems around cryptocurrency phones is another significant problem. This entails fostering thriving developer communities, supporting the development of dApps and services, and forming tactical alliances with well-established firms in the blockchain and cryptocurrency sectors. For these gadgets to be relevant and viable in the long run, a healthy ecosystem is necessary.

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Multi-chain cryptocurrency wallet Talisman introduced Talisman Quests, a gamified experience aimed at enhancing user engagement and education within the Polkadot ecosystem.

“We built Quests to be engaging and memorable while also serving as an educational journey for users venturing into the Polkadot ecosystem,” said Jonathan Dunne, co-founder and Head of Technology at Talisman. “Interacting with real apps and assets accelerates the learning curve in a meaningful way,” he added.

Talisman Quests, which recently operated in beta, encourages cryptocurrency users to create profiles and advance through various levels by earning experience points (XP) and unlocking rewards. The gamified progression includes unexpected developments and a hidden narrative that gradually reveals itself as users gain more XP points.

Users can earn XP points through various activities, such as holding tokens in their wallets to generate rewards based on the token type, with staking activities offering XP multipliers. Rewards can be claimed every four hours. Additionally, users can complete cross-ecosystem missions or earn 5% of the total XP accumulated by friends who sign up using their referral link.

Each month, Talisman will introduce a new top rank, continuously advancing the “frontier.” Users will strive to discover and capture The Sceptre, pursue it to The Tower, and ultimately attain the Ultimate Power of Talisman.

In order to take part in Talisman Quests, users are encouraged to download the wallet from talisman.xyz and create their profiles. Alternatively, users can import their accounts or recovery phrases from existing wallets like Metamask, Rabby, and Trust.

“One of the biggest barriers to blockchain adoption is understanding where to start and how to go about navigating the sometimes dizzying world of Web3. With our new Quests app, we are making onboarding fun as well as rewarding, incentivizing users to explore all of the interesting projects and apps this space has to offer,” said Jonathan Dunne.

What Is Talisman Wallet?

Talisman is a multi-chain, non-custodial wallet that allows users to store, send, and receive assets from Polkadot, Ethereum, Polygon, Binance Smart Chain, Optimism, and Base. Additionally, it enables users to connect to decentralized applications (dApps).

Talisman offers two complementary products, encompassing Talisman Wallet and Talisman Portal. The Talisman Wallet facilitates interaction with ecosystem applications, including those linked to the Relay Chain and parachains. Meanwhile, the Talisman Portal enhances the wallet’s functionalities by providing a user-friendly interface for staking, cross-chain transfers, participation in crowd loans, and additional features.

Recently, Talisman announced its support for the testnet of a Layer 0 cross-chain protocol, Analog, which facilitates seamless blockchain interoperability, enabling users to access the testnet through Talisman’s wallet and earn Analog points.

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Cryptocurrency exchange OKX unveiled the launch of its trading platform and OKX wallet in the Netherlands.

The centralized exchange (CEX) is set to offer Dutch users access to around 150 cryptocurrencies for trading, along with over 60 cryptocurrency to Euro trading pairs. Dutch residents will have access to spot trading, exchange, and earning services, with customer support provided. Additionally, the platform’s websites and applications are available in Dutch for user convenience. 

Dutch residents interested in joining OKX are encouraged to install the OKX application and complete the verification procedure. To mark the launch, the exchange is providing a bonus of €50 Euro for all new users who register between today and July 3rd.

Furthermore, OKX has integrated with the local payment system iDEAL to offer Euro deposit and withdrawal services. Dutch customers of OKX can deposit Euros into their accounts at no cost. Moreover, OKX facilitates deposits and withdrawals via the European payment system Single Euro Payments Area (SEPA) without any charges.

We're launching our crypto exchange services and Web3 Wallet in the Netherlands Spot trading & convert services +150 cryptocurrencies +60 crypto-Euro pairs@EraldOnChain explains why this is a crucial step within the local community: https://t.co/ggJWvhRCJn pic.twitter.com/TciKvUg2Nb

— OKX (@okx) June 3, 2024

OKX Expands Operations In Australia, Withdraws Application For VASP License In Hong Kong

OKX ranks as the fourth-largest cryptocurrency exchange globally in terms of monthly trading volume, trailing behind Binance, Coinbase, and Bybit. According to CoinMarketCap data, OKX recorded trading activity exceeding $2.6 billion within the past 24 hours.

The cryptocurrency platform has been broadening its international footprint, securing a virtual asset service provider license in Dubai and receiving an in-principle license in Singapore earlier this year. Regarding its CEX operations in the European Union, OKX possesses a cryptocurrency De Nederlandsche Bank’s service provider registration and has a virtual financial asset service provider license in Malta.

Recently, OKX launched its platform in Australia and opted to withdraw the application for a local Virtual Asset Service Provider (VASP) license for its Hong Kong subsidiary, OKX HK, with intentions to discontinue operations in Hong Kong.

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A staff member of a Hong Kong-based company gave scammers US$25 million in January 2024 after falling for a deepfake video that impersonated her head of finance and several staff members. This event serves as an example of the growing risk of sophisticated and challenging-to-detect AI-driven fraud in the financial sector. Criminals are using generative AI technology to produce convincing deepfakes, fake speech, and forged documents. This is why the banking sector and its clients are in serious danger.

This episode is a depressing precursor to the increasingly dangerous environment in which financial institutions currently find themselves. Based on forecasts from Deloitte’s Center for Financial Services, theft losses in the US might reach an astounding $40 billion by 2027—a 32% annualized increase from the $12.3 billion in crime damages in 2023.

Photo: Deloitte

Generative AI’s Disruptive Impact

Generative AI’s disruptive potential stems from its ability to create highly convincing synthetic media, including deepfake videos, fictitious voices, and forged documents. This technology’s self-learning capabilities continually enhance its deceptive prowess, outpacing traditional detection systems designed to identify fraud based on predefined rules and patterns.

Moreover, the accessibility of generative AI tools on the dark web has democratized their availability, enabling a thriving underground marketplace where scamming software is readily sold for prices ranging from a mere $20 to thousands of dollars. This democratization has rendered numerous anti-fraud tools ineffective, leaving financial institutions scrambling to adapt.

Photo: 2023 crime types, IC3Report

Business email compromise (BEC) assaults are one area where generative AI fraud is particularly prone to occur. The FBI documented 21,832 cases of BEC fraud in 2022 alone, with damages estimated to be over $2.7 billion. In a “violent” implementation scenario, Deloitte projects that generative AI may increase email fraud losses to over $11.5 billion by 2027.

A Potential Danger to Identification from Deepfakes

Deepfake technology also threatens identity verification procedures, which have historically been seen as a stronghold of security. According to recent research, the finance industry will see a startling 700% spike in deepfake events in 2023 alone. The IT sector is worrisomely slow to create reliable methods for spotting phony audio recordings, which exposes a serious risk.

Photo: IC3Report

Even though traditionally, banks have been the first to use novel technologies to fight fraud, a study from the U.S. Treasury issued a warning, stating that “existing risk management frameworks may not be adequate to cover emerging AI technologies.” Institutions are already vying with one another to incorporate machine learning and artificial intelligence capabilities into their scam identification and reaction systems, automating procedures to more quickly identify and look into questionable activity.

To strengthen its defenses against credit card fraud, Mastercard’s Decision Intelligence engine examines billions of data points to anticipate transaction authenticity, while JPMorgan has integrated huge language models to identify indications of email intrusion.

Developing a Wholesome Defense Plan

In order to stay competitive, financial institutions need to take a diversified approach as the generative AI fraud environment constantly changes. Combining human intuition with contemporary technologies is crucial to anticipating and thwarting scammers’ new strategies. Since the dangerous environment is always evolving, anti-fraud teams need to adopt a culture of constant learning and adaptation. This is because no one solution can adequately alleviate the situation.

Photo: IC3Report

Restructuring governance, resource allocation, and strategy in a comprehensive way will be necessary to future-proof institutions against fraud. Working together both inside and outside the financial sector will be essential because generative AI fraud poses a danger to whole organizations. Together with reliable third-party technology suppliers, banks may develop effective responses by defining precise responsibilities and resolving liability issues.

Furthermore, strengthening customer education and awareness is essential to constructing resistance against fraud. Regular communication touchpoints, like push alerts on banking applications, may notify clients of possible dangers and describe the precautions their financial institutions are taking to protect their money. 

Institutions are actively involved in the creation of fresh regulations as a result of regulatory agencies’ increased attention to the benefits and risks of generative AI. Banks may create a thorough record of their systems and procedures by including compliance teams early in the technology development process. This will facilitate regulatory monitoring and guarantee conformity to changing requirements.

Putting Money Into Talent and Ongoing Innovation

The most important thing to remember is that banks need to put a high priority on investing in human capital, employing and educating staff members to recognize, stop, and report fraud aided by AI. These investments are necessary to keep ahead of the curve in the face of a quickly developing opponent, even if they may temporarily put a burden on finances.

It takes a multidisciplinary strategy to develop a workforce that is knowledgeable about the subtleties of generative AI fraud, combining knowledge from domains like data science, cybersecurity, and behavioral analytics. Financial institutions may develop staff with the necessary skills to identify and proactively mitigate new dangers by promoting a culture of continuous learning and information sharing.

Banks may also consider using contract workers, internal engineering teams, and outside contractors to create proprietary fraud detection technologies. By encouraging a culture of ongoing learning and adaptation, this strategy maximizes resource allocation and allows for quick reactions to new challenges.

When David Birch, Director of Consult Hyperion, stated that financial institutions needed to have a solid plan in place to tackle AI-driven identity theft, he emphasized that identification was the first line of defense. He went on to stress that identification systems need to be able to resist and adapt to ever-evolving fraud schemes in order to protect the service’s image and protect legitimate clients.

Financial institutions need to prepare for a protracted struggle as generative AI continues to change the fraud environment. Through the adoption of a proactive and multidimensional approach that integrates state-of-the-art technology with human experience, regulatory compliance, and industry collaboration, businesses may bolster their defenses against the increasing number of extremely complex fraud schemes driven by artificial intelligence.

The potential losses are expected to exceed $40 billion in the United States alone by 2027, so the stakes are enormous. However, financial institutions may reduce the risks and protect the integrity of their operations by placing a higher priority on investments in people, technology, and teamwork. This will guarantee that their clients will continue to have faith in them in an increasingly complicated digital environment.

The post Deloitte Predicts Explosive Rise in Fraud Losses: Generative AI Could Cost US Financial Institutions $40 Billion by 2027 appeared first on Metaverse Post.

Bitcoin (BTC)

BTC News & Macro

Bitcoin’s journey has been nothing short of electrifying recently, with the cryptocurrency soaring to a new all-time high, breaching the $72,000 mark. This surge rides on the wave of a broader crypto market rally, fueled by robust buying activity and growing enthusiasm for Bitcoin-centric financial offerings like spot ETFs.

As the market bubbles with optimism, analysts are casting a wide net with their forecasts. Some eye the $100,000 horizon, driven by the Bitcoin halving and rising institutional embrace through instruments such as Bitcoin ETFs. Others are even more bullish, speculating that heights of up to $200,000 are within reach, assuming the market continues to mirror past trends following halving events.

Amidst this dynamic financial drama, Bitcoin’s volatility has sparked discussions, with recent analyses suggesting its fluctuations are aligning more closely with traditional assets. This emerging stability could enhance its appeal to more conservative investors who traditionally shy away from the crypto’s notorious price swings.

BTC Price Analysis

Over the past week, Bitcoin has shown a balanced dance between $67,000 and $69,000, signaling a tightrope walk of market equilibrium where neither bulls nor bears have taken the lead.

This consolidation period sharply contrasts the previous weeks, notably mid-May, when Bitcoin energetically surged past $72,000.

BTC/USD 1D Chart (Coinbase). Source: Tradingview

This consolidation period sharply contrasts the previous weeks, notably mid-May, when Bitcoin energetically surged past $72,000.

Candlestick Insight

The trading days were filled with small-bodied candles, including several Dojis, which signal market hesitation. These patterns are classic indicators of a looming significant move, waiting for just the right catalyst to spark momentum.

Moving Averages at Play

The 20-day EMA (Blue Line) and the 50-day EMA (Orange Line) on both daily and 4-hour charts have been key players, often touching the price action, hinting at their roles as pivotal trend indicators. The 20-EMA’s frequent brushes with Bitcoin’s price suggest its influence in short-term trends, while the 50-EMA underscores a supportive backdrop for the bullish scenario on a broader scale.

RSI and Volume Dynamics

The Relative Strength Index (RSI) hovered around 46.75 in the past week, portraying a neutral stance with no clear overbought or oversold conditions, aligning with the market’s consolidation phase.

BTC/USD 4H Chart (Coinbase). Source: Tradingview

The trading volume saw spikes during price dips, suggesting robust engagement either for accumulating on dips or offloading holdings, pointing to a critical juncture in market sentiment.

Looking Ahead: Potential Scenarios

Bullish Outlook: If Bitcoin can decisively clear the $69,000 resistance with strong volume support, it could open the gates to test higher resistance levels, potentially reigniting the bullish trend.

Bearish Outlook: Conversely, a fall below the $67,000 support level, particularly with significant trading volume, could intensify bearish pressure, possibly dragging the price to lower historical support zones.

As Bitcoin oscillates, the coming days could be pivotal, with the market’s next move dictated by significant economic and crypto-centric developments.

Ethereum (ETH)

ETH News & Macro

This past week, Ethereum has been riding a wave of optimism, with its price nearing the $4,000 mark. This surge is largely driven by a broader altcoin rally and burgeoning enthusiasm for Ethereum-centric financial products like spot ETFs. This positive market sentiment is further bolstered by significant institutional inflows into Ethereum ETFs, cementing its reputation as a mature investment vehicle.

Meanwhile, the regulatory scene is buzzing with anticipation as the SEC postpones its decisions on Ethereum ETF applications from industry heavyweights such as BlackRock and Fidelity. This delay is a pivotal factor for Ethereum’s market trajectory, influencing both current sentiment and future price movements.

As for future valuations, the forecast is a mixed bag. Some analysts are incredibly bullish, predicting that Ethereum could shatter previous all-time highs, propelled by the impending halving event and ongoing institutional adoption. These projections reflect a dynamic and multifaceted outlook for Ethereum in the global economic landscape.

ETH Price Analysis

Ethereum’s market is presently in a holding pattern, accumulating energy for its next big move. Traders would do well to monitor key resistance and support levels closely, alongside keeping an ear to the ground for market-moving news that could ignite the next significant price action.

Recent Trends

Ethereum has been bobbing around the $3,790 level, teasing the $4,000 mark but never committing. Recent trading shows a mix of stability and tentative bullish attempts, hinting at an underlying caution among traders not ready to push past the $4,000 resistance robustly.

ETH/USD 1D Chart (Coinbase). Source: Tradingview

Before this calm, Ethereum experienced a vigorous rally, clearly breaking past earlier resistance levels, which suggested a strong appetite among buyers. This was followed by a cooling-off period that mirrors the current consolidation, albeit with previously higher volatility.

Technical Analysis

Recovery seems to be the theme on the daily chart, with Ethereum trying to carve out a new higher support level, suggesting a gradual shift from bearish to bullish territory. The 4-hour chart reveals Ethereum dancing around the 20-EMA and just over the 50-EMA, painting a picture of cautious optimism. On a daily scale, ETH has been using the 20-EMA as a trampoline, bouncing off it to maintain psychological support above $3,700.

ETH/USD 4H Chart (Coinbase). Source: Tradingview

The appearance of smaller candles with short wicks points to a market on the fence – undecided but preparing for a potentially significant move. This could either lead to a breakout or a breakdown, depending on broader market catalysts.

Contrast this with the larger bullish candles seen in prior weeks, and you’ll notice a shift from decisive action to a more measured strategy among traders, likely weighing recent gains against ongoing market uncertainties.

Sitting around the 50 mark, the RSI also underscores the market’s current neutrality, suggesting that recent actions are neither overextended into buying nor selling territories. This aligns with the daily RSI’s reading, which also hovers near 50, supporting the notion of a balanced yet cautious market sentiment post-rally.

Toncoin (TON)

TON News & Macro

In a move that signals deepening ties with innovative technologies, the TON ecosystem has announced a pioneering initiative. Partnering with HumanCode, TON has unveiled a new “Proof of Personhood” program, supported by a robust $5 million investment. This program integrates AI-driven palm-scanning technology, which is poised to revolutionize security and user engagement on the platform.

To strengthen its utility further, TON is expanding its integration with Telegram. The latest update allows for TON-based payments for advertising services on the app, marking another milestone in Telegram’s strategy to weave TON more comprehensively into its suite of services.

TON Price Analysis

Over the past weeks, the TON coin has experienced a significant uptick, registering a 9% increase, propelled by a bullish trend across the broader cryptocurrency market. This surge is attributed to favorable technical setups and a spike in trading volumes, underscoring growing investor confidence in the coin.

As May has reached its close, Toncoin is clearly in a holding pattern, with traders on the lookout for breakout cues above resistance or breakdown signals below support lines. This is a crucial juncture for investors and traders to monitor for possible shifts that could dictate significant trading strategies moving forward.

TON/USD 1D Chart (Coinbase). Source: Tradingview

Alt: toncoin ton going up or down price analysis trend

Toncoin has been flirting with the $6.33 mark, attempting but failing to consistently break past the $6.40 resistance. The action suggests a market in contemplation, with candles indicating slight attempts to rise yet predominantly moving sideways—classic consolidation behavior without a clear directional push.

Daily shifts have shown a gentle pullback as Toncoin dips below the $6.40 handle, marked by red candles that depict selling activity, albeit without panic or steep declines.

TON/USD 4H Chart (Coinbase). Source: Tradingview

In the 4-hour chart, Toncoin’s dance around the 20-EMA underlines its struggle against immediate resistance. The daily chart paints a broader picture with the price below both the 20-EMA and 50-EMA, hinting at a possible bearish phase unless there’s a robust rebound above these levels.

The crossing of the EMAs and their relationship to the price trends suggest caution, with current indications leaning towards a bearish outlook unless the EMAs are reclaimed.

Balanced around the mid-50s, the 4H RSI reflects a market evenly matched between buyers and sellers, mirroring the consolidation noted in the price action.

When pitted against the volatility of the previous weeks, this week’s market activity is notably tamer, signaling a phase of cooling down or decision-making latency among traders.

The post Weekly Crypto Review: Analyzing Top-3 Cryptocurrencies’ Market Performance and Trends appeared first on Metaverse Post.

Seychelles, Seychelles, June 3rd, 2024, Chainwire

Milady Meme Coin ($LADYS) has announced a significant US$5 million investment from DWF Labs. This investment marks a pivotal moment for $LADYS, positioning it for accelerated growth and innovation within the cryptocurrency landscape.

A New Era for Milady Meme Coin

With the infusion of capital from DWF Labs, $LADYS is poised to lead the next wave of innovation in the meme coins space. The collaboration between Milady Meme Coin and DWF Labs is expected to unlock new avenues for development, collaboration, and community engagement within the $LADYS and meme ecosystem.

Value-added Investment Partnership from DWF Labs

DWF Labs as a Web3 investor and market maker, brings a wealth of experience and resources to the table. Aside from capital, DWF Labs’ strategic guidance, ecosystem support, will empower Milady Meme Coin to solidify its position as a leader in the meme coins space. 

The synergy between Milady Meme Coin’s vision and DWF Labs’ expertise holds the potential to reshape the landscape of meme coins, driving forward the evolution of memes.

About Milady Meme Coin 

Milady Meme Coin ($LADYS) is a self-organised meme coin made in the image of Milady. Positioned at the vanguard of the meme coin revolution, $LADYS embodies the indomitable spirit of memetic power and internet love.

Website: https://milady.gg/

Twitter: https://twitter.com/miladymemecoin 

About DWF Labs

DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.

Website: https://www.dwf-labs.com 

Twitter: https://twitter.com/DwfLabs

Contact

FounderRyukoMilady Meme Coinmilady@milady.gg

The post Milady Meme Coin Secures US$5 Million Investment from DWF Labs appeared first on Metaverse Post.

Layer 1 blockchain Sui introduced SuiLink, a soul-binding non-fungible token (NFT) designed to authenticate users’ ownership of a Sui address and its connected Ethereum or Solana address. This advancement allows users to establish identity connections across Sui, Ethereum, and Solana networks, unlocking potential rewards for their activities on each blockchain.

The potential uses for SuiLinks are extensive and hinge on the creativity of application developers within the Sui network. For example, a decentralized finance (DeFi) project could offer rewards to users who possess a SuiLink and are actively involved in lending platforms. This incentive could encourage users to engage more actively in DeFi ecosystems, thereby boosting participation and liquidity.

Importantly, the security of private keys for connected Ethereum and Solana wallets is maintained, as SuiLink solely necessitates offline message signing for those wallets.

Presently, SuiLink offers support for a variety of Ethereum and Solana wallets, ensuring extensive compatibility and user convenience. Creating a SuiLink.io does not entail a minting fee, and gas fees for generating the initial SuiLink for a unique Sui address are also waived. Users have the option to establish multiple links to the same Sui wallet address by generating multiple NFT passes for each connection. The interface simplifies the management and viewing of all linked addresses in a single location.

https://t.co/gmpitVjMor 正式上线！用户可连接其在Sui、以太坊和Solana上的身份，以解锁在每条链上活动的潜在奖励。SuiLink是灵魂绑定NFT，它验证你在Sui地址及其连接的以太坊或Solana地址的所有权。 https://t.co/QFTjg3ka3h

— Sui Network – 官方中文账号 (@SuiNetworkCN) June 3, 2024

Sui Partners With Atoma Network, Introducing Verifiable Inference Network And Launches Sui Overflow Hackathon

Sui represents a decentralized layer 1 network known for its high transaction speed and cost-effectiveness. It is tailored to accommodate a diverse array of applications, offering the foundational infrastructure for validations and transactions similar to Ethereum or Bitcoin networks. However, what distinguishes Sui from other Layer 1s is its emphasis on transaction finality, minimized latency, and enhanced transaction speed.

Recently, Sui has established a partnership with the Atoma Network to unveil a verifiable inference network, which is specifically crafted to enhance AI queries off the main blockchain, with a focus on optimizing efficiency and speed exclusively for Sui. Furthermore, the platform has initiated its global hackathon, Sui Overflow, in collaboration with the dWallet network, with a prize pool of $1 million for participants who develop products on the Sui platform.

The post Sui Launches SuiLink And Enables Users Earn Rewards For On-Chain Activities Across Sui, Ethereum, And Solana appeared first on Metaverse Post.

New projects frequently emerge, capturing the attention of investors and traders alike. Retik Finance (RETIK), a promising decentralized finance (DeFi) platform, is one such project that has been gaining significant traction. Priced under $3, RETIK is being hailed as a potential successor to the popular Pepe Coin (PEPE). A renowned trader, who accurately predicted Bitcoin’s (BTC) historic rally, now suggests that RETIK could soar to $15 in the current bull cycle. Here’s an in-depth look at Retik Finance and why it might be poised for such remarkable growth.

Overview of Retik Finance

Retik Finance is a DeFi platform designed to address key challenges in the cryptocurrency space, including scalability, transaction costs, and security. Launched on May 21st, 2024, on Uniswap and several other exchanges, RETIK has quickly garnered attention due to its innovative approach and strong market performance. As of now, the price of the $RETIK token is under $3. Despite its relatively low price, RETIK has shown substantial growth since its launch, reflecting strong market demand and positive sentiment. Since its launch, RETIK has experienced significant price appreciation. Early investors who participated in the presale have seen substantial returns, underscoring the token’s explosive growth potential.

Analyst Predictions

The trader who famously predicted Bitcoin’s (BTC) historic rally now forecasts that RETIK could reach $15 in the current bull cycle. This prediction is based on several factors, including Retik Finance’s innovative technology, growing user base, and strategic market positioning.

Factors Driving Potential Growth

Retik Finance’s advanced technological features position it well for future growth. The platform’s ability to address key DeFi challenges, such as scalability and transaction costs, makes it a compelling option for users and investors. There is a growing demand for DeFi solutions that offer high performance and low costs. Retik Finance meets these criteria, making it an attractive option in the current market landscape. As more users adopt the platform, the demand for $RETIK tokens is likely to increase, driving prices higher. Potential partnerships and integrations with other blockchain projects could further enhance Retik Finance’s capabilities and reach. Such collaborations could bring additional use cases and increase the platform’s user base, contributing to sustained demand for $RETIK tokens.

Comparison with Pepe Coin (PEPE)

Like Pepe Coin, Retik Finance has captured the attention of the crypto community with its innovative approach and strong market performance. Both projects have generated significant buzz and attracted a loyal following. While Pepe Coin gained popularity as a meme coin with a strong community focus, Retik Finance stands out for its technological advancements and practical utility in the DeFi space. This distinction could position Retik Finance for more sustained long-term growth compared to meme-based projects.

Investment Considerations

Investing in Retik Finance at its current price presents an opportunity for substantial returns, especially if the platform continues to grow and attract more users and investors. The prediction of a $15 price target highlights the potential for significant appreciation. However, it’s important to recognize the inherent risks and volatility associated with cryptocurrency investments. Prices can fluctuate dramatically, and while the potential for high rewards is attractive, it comes with substantial risk. Investors should conduct thorough research and consider their risk tolerance before making investment decisions. Retik Finance (RETIK) has quickly emerged as a notable player in the DeFi space, offering innovative solutions to key industry challenges. Priced under $3, RETIK presents a compelling investment opportunity, particularly given the bullish prediction that it could reach $15 in the current bull cycle. Backed by advanced technology, strong market demand, and the potential for strategic partnerships, Retik Finance is well-positioned for future growth. However, for those looking to capitalize on the next big opportunity in the DeFi space, Retik Finance is certainly a project to watch closely.

About Retik Finance

Retik Finance (RETIK) is a decentralized finance (DeFi) project revolutionizing global transactions with its innovative DeFi solutions which include futuristic DeFi Debit Cards, a Smart Crypto Payment Gateway, AI-powered Peer-to-Peer (P2P) lending, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet.

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com

Whitepaper: https://retik.com/retik-whitepaper.pdf

Twitter: www.twitter.com/retikfinance

Telegram: www.t.me/retikfinance

The post Pepe Coin (PEPE) Alternative Priced Under $3 Could Reach $15 This Bull Cycle, Says Trader Who Predicted Bitcoin’s (BTC) Rally appeared first on Metaverse Post.