Ramp Network, a financial technology firm creating payment rails that link cryptocurrencies to the international financial system, announced that it has made it possible to buy and sell USDt on Tether’s TON stablecoin.

The network boosts Tether’s use case with native USDt on TON by facilitating a seamless, borderless experience for P2P payments in the Telegram Messenger ecosystem, which has over 900 million users worldwide. Launching on the TON network, which is closely linked with the Telegram Wallet, will allow for the continued expansion of Telegram’s Apps and decentralized services on TON. USDt, with a market cap of over 107 billion dollars, is already the most widely-utilized stablecoin in the world and is supported by dozens of leading blockchains.

The whole TON ecosystem will benefit from Ramp’s (a top supplier of finance infrastructure in the crypto sector) decision to provide support for USDt on TON, which will make in-and-out transactions much easier. Fast and simple cryptocurrency purchases and withdrawals in over 150 countries are made possible with Ramp’s easy-to-use crypto on- and off-ramps, which developers can integrate into any application with ease. With its streamlined Know Your Customer (KYC) procedure, it makes onboarding new customers easier and offers crypto-to-fiat and fiat-to-crypto swaps for more than 100 digital assets.

Szymon Sypniewicz, CEO of Ramp Network stated:

“Crypto transactions should be as simple as texting. At Ramp Network we share TON Foundation’s vision. We are excited to contribute to making it a reality by introducing on-ramping and off-ramping for USDt on TON across more than 150 countries. We look forward to seeing how enabling access to instant, low-cost crypto transactions can improve the lives of hundreds of millions of users in the TON ecosystem.”

In a phased approach, Ramp will gradually deploy USDt on TON via its on-ramping on Ramp’s main website and interfaces with third-party wallets that have chosen to support TON assets. Subsequently, USDt on TON will be added to the fiat off-ramp.

Back in December 2023, when ramp allowed on-ramp for the network’s native asset Toncoin (TON), it first announced TON support.

As per Horsley, the market has never priced it in before, and it will not have priced it in this time either.

The CEO predicted that 2024 would bring steady fresh demand for Bitcoin.

The newest comment made by Bitwise CEO Hunter Horsley on the price of Bitcoin after the halving has caused a commotion in the crypto community. The chief executive officer expressed a feeling of continued optimism over Bitcoin’s ability to reach $100,000 after today’s halving event, which sparked a frenzy among investors despite the increased volatility of Bitcoin. This was expressed in a post that was published on X today.

It has been said by Horsley in a post on X that “people are dramatically underestimating the 2024 BTC halving.” In response to this, the Chief Executive Officer brings up earlier instances of halving, highlighting the magnitude of the approaching halving, which is scheduled to take place today, April 19, as well as the possible effect it may have.

Impactful Halving Event

According to Horsley, the market has never priced it in before, and it will not have priced it in this time either, which highlights the possibility of a change in investor mood in the middle of the increased volatility.

He also highlights Bitcoin’s previous halving events, calling important attention to significant times in the past: 2020, when investors’ profits were multiplied by 5.4x, followed by 2016 and 2012, when gains rose by 2.8x and 88x, respectively. In addition, he highlights the fact that Bitcoin’s halving events have occurred in the past.

The CEO also mentioned that a $100,000 bitcoin is +67% from here, which garnered a huge amount of attention from investors. Horsley further ruled out crucial criteria that emphasize a market upswing for Bitcoin after the halving of the supply. Further, Horsley predicted that 2024 would bring steady fresh demand for Bitcoin, which would allow for an impactful halving.

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Polkadot Co-founder Gavin Wood Teases Revolutionary JAM Upgrade

Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), is thrilled to announce the launch of its native token, $MERL. As a significant enhancement to the Bitcoin network, Merlin Chain facilitates the rapid growth of decentralized applications (DApps) across various sectors, including decentralized finance (DeFi), gaming and social platforms.

Since its mainnet debut in February 2024, Merlin Chain has seen explosive growth, accumulating over $3.6 billion in TVL and fostering a vibrant ecosystem with more than 200 native DApps. The introduction of $MERL marks a pivotal moment in the evolution of Merlin Chain, offering enhanced governance, security and ecosystem development opportunities for its users.

$MERL Token Utilities and Features

$MERL, operating under the Bitcoin-compatible blockchain standard BRC-20, has a total supply of 2.1 billion tokens and is meticulously designed to empower the community through various utilities. 

Token holders can shape the future of Merlin Chain by voting on critical proposals, thus actively participating in governance. Additionally, users can stake $MERL to enhance the security of the network, ensuring its reliable performance. $MERL also facilitates the payment of transaction fees within the Layer 3 enhancements. Community members may support network operations through collator delegation or operate their collators by utilizing $MERL tokens. Furthermore, $MERL serves as native liquidity and collateral, enabling seamless transactions and robust lending mechanisms within the ecosystem.

$MERL Token Allocation

$MERL’s 2.1 billion tokens will follow the specified rules for allocation:

Merlin’s Seal

20% of the total supply of $MERL tokens will be airdropped to participants of the Merlin’s Seal event. This event showcased an impressive TVL of $3.6 billion, with 91% of these funds coming from the Bitcoin community, including $1.75 billion in BTC and $980 million in BRC-20 assets. This substantial support from the Bitcoin community has been vital to the rapid growth and expansion of Merlin Chain in recent months.

Public and Private Sales

1% of the total supply of $MERL tokens is designated for public sale through the People’s Launchpad, providing a broad range of investors with an opportunity to participate. Additionally, 15.23% of the total supply is allocated to private investors, who have access to tokens through two distinct release schedules.

Advisors and Team

3% of the total supply of $MERL tokens is reserved for strategic advisors whose expertise and guidance are instrumental to the project’s success, with a vesting schedule aligned with the platform’s growth. Additionally, 4.20% is allocated to the dedicated core team in recognition of their continuous contributions, ensuring their commitment to the project’s long-term development through a structured vesting plan.

Community and Ecosystem

16.57% of $MERL’s total supply is allocated for community rewards designed to foster participation and engagement within the ecosystem. 40% of the tokens are distributed through grants and incentives aimed at stimulating development and innovation on Merlin Chain.

$MERL will be distributed over a four-year timeline. 

Together, all token allocations enhance the vibrancy and growth of Merlin’s platform by rewarding active community involvement and supporting innovative projects that contribute to the ecosystem’s expansion.

$MERL Token’s Listing Schedule

Merlin Chain is set to mark a significant milestone with the upcoming listings of its native token, $MERL, on multiple crypto exchanges.

As a BRC-20 token, $MERL will be the third of its kind to be featured on OKX. Deposits will be available starting April 17, 2024, at 10:00 UTC; trading will begin on April 19, and withdrawals will be on April 20.

Additionally, $MERL will debut as the first new coin on Hashkey Global, following the same trading schedule as OKX.

Noteworthy listings also include Bitget, where deposits are already open, and trading set for April 19. Other platforms like Gate.io, Kucoin, WOO X, ByBit and BingX are aligning with similar deposit and trading schedules.

This expansion into various major exchanges underscores Merlin Chain’s robust growth and the community’s strong support, which has been instrumental in its development. The leadership of Merlin Chain expressed gratitude for the community’s role in this progress, emphasizing that these developments are just the beginning of their mission to “Make Bitcoin Fun Again” and unlock the full potential of Bitcoin through innovative Layer 2 solutions.

About Merlin Chain

Merlin Chain is a native Bitcoin Layer2 that is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network to Make Bitcoin Fun Again. Merlin Chain integrates the ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules. Merlin Chain has locked over 3.5 billion TVL within 30 days after its mainnet launch. The team behind Merlin, Bitmap Tech, is a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.Website | Twitter | Discord | Telegram

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

The acquisition is a component of Kraken’s strategy to expand its footprint in the U.S.

TradeStation has money transmitting licenses from over 40 states in the U.S.

Kraken, a cryptocurrency exchange, has acquired TradeStation Crypto, boosting its regulatory license in the U.S. TradeStation Group, a division of Monex Group, has a digital assets subsidiary called TradeStation Crypto.

The acquisition is a component of Kraken’s strategy to expand its footprint in the US, according to a company representative. Additionally, he spoke highly of the acquisition’s potential to open doors to new product prospects and increased growth for Kraken in the American market.

Strategic Acquisition

Moreover, the acquisition of TradeStation is a major coup for Kraken since TradeStation has money transmitting licenses from over 40 states in the US. But earlier this year, the crypto broker ran into trouble when it was fined $3 million by the U.S SEC for selling crypto-lending products that weren’t registered.

The TradeStation program, which allowed users to earn interest on cryptocurrency deposits, was deemed a security by the SEC. The Florida-based business was therefore unable in obtaining the necessary federal registration. The result was an intervention by the SEC, which resulted in the suspension of service around two years ago.

It is worth mentioning that the U.S SEC and the North American Securities Administrators Association (NASAA) reached a settlement for a fine of $3 million. The parent company, TradeStation, announced its exit from the cryptocurrency market in response to this damage.

A key component of Francis Suarez’s plan to turn Miami into a crypto center was TradeStation. The 11-foot-tall, 3,000-pound sculpture known as Miami Bull, which was revealed by Suarez, was commissioned by the business.

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Bitcoin halving, a historical event that aims to reduce block rewards for miners, has triggered significant market movement as expected. As this big event knocks on the door, investors are looking for great altcoins to invest in. Bitgert Coin (BRISE) stands out as a strong contender, attracting investors due to its impressive fundamentals and a clear roadmap.

Understanding Bitcoin Halving and its Impact

Bitcoin halving roughly occurs every four years. It aims at blocking the reward for mining a block in half. This is a sort of scarcity mechanism that is a part of Bitcoin’s value proposition.  Previous Bitcoin halvings have often invited bull runs, as reduced supply meets consistent demand. While the crypto market is known for being unpredictable, this pattern for sure has created demand for good altcoins.

Why Bitgert Could Benefit From Bitcoin Halving?

Here are some features and USPs that Bitgert uses to attract investors. 

Layer-1 Powerhouse: Bitgert offers a pretty strong layer-1 blockchain solution which has an industry best 100k TPS and near-zero gas fees. So, developers seeking time saving, cost-effective platforms often tend to move towards such chains during market upswings.

Real-World Use Cases: This is what has actually worked for Bitgert. It aims to solve real world problems. Bitgert actively supports the development of DeFi, NFT, and Metaverse projects. 

Deflationary Design: Just like Bitcoin halving, Bitgert also employs a strategic burn mechanism, limiting supply with each transaction. If demand increases post-halving, this could also increase Bitgert’’s price growth.

Analyst Predictions and Technical Indicators About Bitgert

Many Crypto analysts and experts are bullish on Bitgert’s potential. Some forecasts even suggest that Bitgert could reach $0.0001. Technical indicators like RSI and MACD currently reflect positive sentiment, further supporting the possibility of an upswing.

Important Considerations

Market Volatility: Cryptocurrencies are inherently volatile. Even promising projects can experience fluctuations. However, seeing the inherent value propositions, Bitgert seems like a safe bet. 

Project Development: Bitgert’s continued success and potential is clear seeing its roadmap and attracting developers.

Broader Market Sentiment: Overall crypto market obviously trends will influence Bitgert’s trajectory alongside project-specific factors.

The Bottom Line

So, the Bitcoin halving might as well prove to be a catalyst for Bitgert’s growth. With its strong fundamentals, deflationary model, and expanding ecosystem, Bitgert presents an amazing and profitable opportunity for investors seeking high-potential altcoins. 

However, it’s crucial to do your own research before investing in Bitgert or any other altcoin.

Since the year began, hundreds of crypto projects have made their debut in the cryptocurrency market, solving real-life issues and consequently attracting a committed following. Investors have once again stepped into the picture by analyzing these projects to find out which of them is worth investing in. 

Not too long has passed since investors and market enthusiasts stumbled on a project that could potentially go on to become the project of the year. BEFE Coin, a relatively new coin in the market, has been hailed as the surprising winner of the 2024 market.

Let’s look at the fundamentals of the BEFE token and find out whether or not it could live up to its name.

What is BEFE Coin?

BEFE Coin is a new meme coin on the market, but unlike most meme coins, BEFE was launched with a presale and imposed taxes. 

BEFE’s price performance in the market has been a major talking point for investors in search of lucrative opportunities in the short term. Shortly after its market debut, BEFE rallied by over 500%. This price jump was in less than a month, despite the extreme selling pressure at about the same window.

BEFE Coin is not just growing to be a powerhouse in the meme coin sector of the market, but the ultimate king of meme coins.

Restoring The Glory Days of Meme Coins

Unlike your cute dog-themed tokens with technical in-built utilities, BEFE was created for just having a blast. Memecoins like Dogecoin and Floki Inu began as memes and later thrived as projects on the market. In the course of development, they built utilities within their ecosystem.

Meme coins have since followed this trend, losing the original fun feel of meme-based projects. BEFE was created to restore the good old days—the days when meme coins were for fun, cruises, and bants. Enthusiasts are backing BEFE Coin to restore the golden era of meme coins.

This unique purpose has attracted a growing number of fans and meme lovers around the world.

BEFE’s unique purpose and fundamentals set it up to be a potential market winner in 2024.

Conclusion

The further incorporation of a deflationary economic model into BEFE’s tokenomics has increased investors’ interest. This unique model drives scarcity and sets BEFE up for a future price surge.

You can’t afford to miss out on BEFE like you did with DOGE in 2021 and PEPE in 2023.

BEFE is a once-in-a year-long opportunity. Buy your BEFE tokens now!

Gate.io is excited to announce the official launch of its Wealth Management flagship product – the Quant Fund, a groundbreaking wealth management solution designed for high-net-worth investors keen on exploring the digital assets space. We warmly invite you to be a part of this pioneering journey in wealth accrual by subscribing to our inaugural offering.

Innovative Investment Approach

The Quant Fund uses mathematical models and algorithms for its investment strategies, managed by a team of experienced traders. It employs advanced statistical and computational techniques to analyze market data, spot arbitrage opportunities, and execute trades. This approach, distinct from traditional financial products, offers several advantages for asset growth.

Key Features and Benefits:

Benefits Compared to Traditional Funds:

Professional Investment Strategies: Gate.io’s quantitative fund is accessible to all users, from individual investors to large account holders, breaking away from traditional funds that only target high-net-worth clients. It employs algorithm-driven investment strategies crafted by a professional team, designed to swiftly seize market opportunities, reduce barriers to entry, and amplify trading benefits.

Flexible Redemption Mechanism: With no lock-up period, the Gate.io quantitative fund allows for immediate deposits and withdrawals, ensuring excellent liquidity.

High Returns: Over the past three months, the annualized return rates have been impressive, with USDT at a steady 31% and BTC at 22%.  For the initial offering of the fund, expected annualized returns for USDT and BTC-related products are 24% and 9% respectively.

Benefits Compared to Other Financial Products:

Lower Risk: Gate.io’s quantitative fund presents a lower risk profile compared to options like Yu’e Bao, DeFi mining, and structured finance products. Managed by a dedicated investment research team, the fund offers transparency with detailed asset value trends and projected annual yields, ensuring asset growth while managing risk effectively.

Stable Returns: Tailored to operate efficiently under varying market conditions, the fund’s strategies are engineered to provide consistent, long-term earnings, ensuring financial stability for investors.

The introduction of the Quant Fund signifies a significant milestone in Gate.io’s dedication to financial product innovation and exploring opportunities for asset growth. As Gate.io moves forward into this exciting venture, ensuring the protection of investor interests through rigorous internal risk controls remains its top priority.

Risk Advisory: 

Investing involves risks, and we advise considering these thoroughly. Please note that past performance is not indicative of future results. Market fluctuations may affect the timing and ease of access to your funds. For detailed information and investor protection measures, visit our website or reach out to our customer service team.

Please be noted that Gate.io may not be able to provide full scale service in certain markets and jurisdictions, and Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information regarding the Restricted Locations, please read the User Agreement “Section 2.3(d) Restricted Locations” via https://www.gate.io/zh/user-agreement.”

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

One of the world’s leading cryptocurrency exchange, Coinstore,held “2024 Coinstore Premiere Brand Conference ” in Dubai on April 17. Established in 2020, within the span of three years,Coinstore has served over 700 project teams and covered over 7 millions users. After continuously evolving and expanding,Coinstore has established a strong presence in emerging markets, with Indonesia, India, and Nigeria at its core.

The conference was co-hosted by ICP,Infinity Ventures,and BTC Security Labs. Partnered with famous institutions including, Sei Foundation, Conflux, ALGORAND,DAO Maker, Metis，Oobit，Taisu Venture，BEVM，Cardano Foundation, Telos, W3GG, XDC Network，ABCDE Capital ， Ampverse, Circle, Kaisar, DFG, Jsquare, and Sandbox, Coinstore discussed the recent development and opportunities of crypto industry.

To commemorate this huge conference,over 100 global top media broadcasted the meeting.At the same time, Coinstore live streamed the conference on its own channels, CS Live and Youtube to provide audiences around the world with access to the latest information.

Big announcements, a new milestone for Coinstore

During the grand brand conference,Coinstore made two important announcements.Over 500 crypto entrepreneurs, investors, experts, and famous KOLs presented in the conference to witness this meaningful moment.

Manfred Chew,associate director of Coinstore announced the launch of IEO 2.0 product.Relying on the extensive operational experience of Coinstore’s collaborative teams, Coinstore IEO facilitates internal traffic routing, connects with the community, and leverages promotions to support projects in addressing their weaknesses for positive development.By introducing IEO 2.0 product for innovative and promising projects, Coinstore aims to facilitate the development of blockchain projects, thus listing tokens which will maximize users’ profits.

In addition, Manfred announced the brand ambassador recruitment program to spread the brand with famous crypto industry KOLs.Cooperation with KOL has always been an important strategy in Coinstore’s development. Before, Coinstore has been working with over 400 KOLs to launch live streams including Coinstore X Space and CS Live. Coinstore livestream has always been dedicated to spreading Coinstore’s image –  the first choice for the initial launch.

Crypto industry is ready for the next prosperity

In the afternoon session of the conference, speakers discussed the development of Real World Assets(RWA) in the panel.First and foremost, RWA can bring more real asset backing to the crypto market, thereby increasing investor confidence and market value. Second, RWA can bring higher liquidity and lower transaction costs to traditional financial markets, as well as provide more investment opportunities. The digitization of RWA could provide a wider range of asset types and expand the reach of DeFi in particular. Furthermore, RWA can enhance the transparency and security of assets by reducing fraud and risks through digital management and trading. The potential of RWA will continue to grow alongside the evolution and adoption of blockchain technology.

Depin has become a hot sector in recent months.Chloe Phung, the Co-Founder of U2U Network talked about the current barrier of the development of Depin.Especially the latency issue and low TPS.While with U2U’s subnet,Depin will have more choices.

Last，the partner of famous capital IVC,Ann Chen expressed they are very optimistic about DID,gaming and infrastructure sectors.Decentralization is very important for these information based Dapps.IVC will keep investing in them.

Beyond a trading platform

Coinstore is not only a commercial company, but also hopes to have a profound impact on the industry and society.In the process, Coinstore firmly believes that blockchain technology will create a fairer world, and is committed to providing better tools for the society so that they can master the power of Web3.

Therefore,Coinstore actively published Cryptalk and CS Connect events.To date, Coinstore held more than 30 Cryptalk, nearly 40 CS Connect and 22 Expo conferences. The events build bridges between inside and outside the industry. It attracted active participation around the world and received a warm welcome.

The brand conference is a new starting point for Coinstore.To become a bridge between the industry and outside the industry, Coinstore will hold more offline events in the future to bring impressive insights.

About Coinstore

As one of the leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 7 million users worldwide, Coinstore aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Following a resounding success, VAP Group is thrilled to announce the triumphant conclusion of the inaugural editions of the Global AI Show and the Global Blockchain Show, held on April 16 and 17, 2024, at Grand Hyatt, Dubai. 

The heavy rainfall that hit Dubai on Tuesday this week, most of the other events were canceled, only the Global AI Show and Global Blockchain Show took place. There were thousands  of attendees who witnessed these grand events.While the event was seeing great success, VAP Group’s CEO, Vishal Parmar, took this moment to announce a significant milestone for blockchain & AI services by launching Times of AI and Times of Blockchain, two digital media subsidiaries of the VAP Group that will contribute to advancements in Artificial Intelligence and Blockchain. These initiatives are poised to make substantial contributions to the ongoing progress in both of these respective fields.

The Global AI Show emerged as a powerhouse platform, showcasing a convergence of international and regional luminaries in the artificial intelligence and machine learning domains. Attendees were treated to a comprehensive exploration of AI’s transformative potential across key sectors such as healthcare, finance, retail, and oil and gas. With thought-provoking keynote speeches and panel discussions, the event provided invaluable insights into unlocking new possibilities through AI technologies. Notable highlights included Jamie Metzl’s captivating session on the implications of AI, genetics, and biotechnology revolutions, as well as Dr. Divya Chander’s illuminating journey from brain reading to closed-loop brain-machine interface systems.

Meanwhile, the Global Blockchain Show illuminated the dynamic landscape of blockchain technology, drawing together experts from the web3 ecosystem to share their insights and discuss future opportunities. From thought-provoking presentations by visionaries like H.E. Justin Sun, Founder of TRON, to enlightening fireside chats with industry leaders like Dr. Marwan Alzarouni, CEO, Dubai Blockchain Center, attendees were immersed in discussions covering diverse topics ranging from the evolution of the digital ecosystem to the decentralized cloud vision of blockchain platforms like DFINITY.

The interactive presence of Sophia, the world’s first AI-humanoid robot, as the Official Ambassador for both events added a unique dimension, inspiring attendees with the boundless possibilities of AI and web3 technologies.

Various luminaries and experts spoke about advancements in AI and blockchain to come in the next few years. While addressing at the event, Dr. Divya Chander, MD, PhD, Neuroscientist, Physician, Medical Futurist said, “Elon Musk is not the first person to find neuronlike, he is just the famous one”. Additionally, Scott Melker said, “if I had to choose to put my money in the gaming industry, I will put it in India”.

In addition to the rich conference agenda, the events featured a vibrant start-up village where budding entrepreneurs showcased their innovative ideas to potential investors and venture capitalists. The launch of the VAP Accelerator further underscored its commitment to nurturing the next generation of AI and blockchain innovators.

A highlight of these events was the resounding success of the Global Blockchain Awards and Global AI Awards ceremonies, which recognized industry experts and leading organizations for their outstanding contributions.Neoki stood out by winning Best Visionary in Crypto of the Year, showcasing their innovative approach in the cryptocurrency realm. Binance secured Best Exchange of the Year, reaffirming its position as a trailblazer. At the Global AI Awards, H.E. Omar Sultan Al Olama, Minister of State for AI, UAE, received the prestigious Global Visionary award for Pioneering a New Future, while Rashed AlSuwaidi, from the Ministry of State AI, UAE, was honored with the powering advancement of technology award, emphasizing their significant contributions to technological innovation. ADNOC Distribution won another iconic award for Best AI Achievement in Energy & Utilities, These achievements underscore the profound impact of visionaries and innovators in shaping the future of blockchain and AI technologies.

Both of the events  concluded with an unforgettable afterparty at the luxurious White Beach at Atlantis, The Palm, providing a perfect setting for industry experts and enthusiasts to network, forge new connections, and unwind in a relaxed atmosphere.

The resounding success of the Global AI Show and the Global Blockchain Show underscores Dubai’s emergence as a global hub for cutting-edge technology and innovation. VAP Group extends its heartfelt gratitude to all participants, sponsors, and partners for their unwavering support in making these landmark events a grand success.

 About VAP Group:

VAP Group, an industry leader with over a decade of expertise in Web3 and Blockchain solutions, continues to revolutionize the landscape of digital innovation. Established in 2013, VAP Group has consistently delivered premium services including public relations, advertising, recruitment, content development, media, and management. Led by Mr. Vishal Parmar, the Founder and Chief Executive Officer, VAP Group stands at the forefront of innovation, shaping the future of blockchain technology. Under his mentorship, the company has focused on pioneering strategies in PR marketing, influencer marketing, bounty campaigns, conferences, and campaigns, setting new benchmarks in the industry. What truly sets VAP Group apart is its dedication to creativity, uniqueness, and holistic solutions. By adopting an innovative and forward-thinking approach, VAP Group has distinguished itself as a beacon of innovation amidst the competitive landscape of blockchain consultancy.

VAP Group is the organizer of Global Blockchain Show and Global AI Show, extraordinary platforms poised to redefine the landscape of blockchain and AI technology respectively, offering dynamic gatherings where the brightest minds converge to unlock the potential of these transformative technologies.

For media inquiries, exclusive interviews, or press passes, please reach out to: media@globalblockchain.com & media@globalaishow.com 

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Ripple (XRP) investors are holding firm despite price declines, supported by increasing Mean Coin Age (MCA) that indicates less selling.

XRP has stabilized at $0.48, avoiding a further drop to $0.42, and is now close to the crucial $0.60 level.

If XRP maintains the $0.47 support, it could see a rise towards $0.60, but a break below this level may result in further losses.

Ripple (XRP) holders have demonstrated remarkable resilience in the face of recent price declines. As the asset exhibits muted performance, through a period of market turbulence, investors have exhibited a steadfast commitment to their holdings, potentially setting the stage for a bullish resurgence.

While a bearish pattern initially led to a downturn in XRP’s price, investors have responded with unwavering patience and a reluctance to sell their assets.

The network realized profit/loss indicator, which tracks the overall profitability of investor holdings, reveals that a significant portion of XRP holders are currently experiencing losses following the recent price decline.

Investors have historically followed such instances with periods of accumulation or a concerted effort to hold onto their assets (HODL). This behavior stems from the recognition that selling during times of market volatility would only exacerbate their losses, prompting investors to refrain from active participation in the network until conditions improve.

What’s next for Ripple (XRP)?

The Mean Coin Age (MCA) indicator further substantiates the resilience of Ripple investors by measuring the average age of all coins within a cryptocurrency network. Typically, investors interpret an increase in the MCA as a sign of holding onto their assets, while a decline suggests heightened activity as coins move between addresses, potentially signaling selling pressure.

In the case of XRP, the MCA indicator has shown a notable incline, reinforcing the narrative of patient holders and potentially building bullish momentum. This resilience among investors could drive a resurgence of buying activity, potentially propelling the price back upwards.

Despite the initial bearish pattern that triggered a correction, XRP’s price has managed to halt its decline at $0.47, defying the anticipated 25% drawdown that would have sent the token to $0.42. Currently trading at $0.48, the Ripple token now stands a mere 13% away from reclaiming the crucial $0.60 support level.

Considering the factors at play, including investor resilience and the potential for accumulation, the likely outcome for XRP appears bullish. Analysts suggest a 13% price increase could help the cryptocurrency reclaim the $0.60 level, potentially paving the way for further gains.

However, if we breach the critical support of $0.47, we could see a 13% decline, which would invalidate the bullish thesis and validate the previously anticipated bearish pattern.

Dimon reiterated his belief that Bitcoin is a Ponzi scheme rather than a real currency. 

The CEO drew a parallel between investing in Bitcoin and smoking cigarettes earlier.

Jamie Dimon, CEO of JPMorgan, remains a formidable adversary to Bitcoin. According to Dimon, it is not a real currency but rather a swindle. Dimon admitted his skepticism about the veracity and practicality of digital currencies like Bitcoin during a recent interview with Bloomberg TV.

He reiterated his belief that Bitcoin is a Ponzi scheme rather than a real currency. The massive fluctuations in the cryptocurrency’s value over the years stand in stark contrast to this resolute stance.

Pessimism Persists

Bitcoin has a lengthy history of bad associations with numerous illegal acts, and Jamie Dimon has a history of making disparaging remarks about it. Because of its decentralization and anonymity, he said, Bitcoin can facilitate illegal activities like tax avoidance, money laundering, and even the financing of terrorists. Despite the growing interest in digital currencies in the financial arena, this pessimism persists.

Amidst Jamie Dimon’s criticisms, the market price of Bitcoin has been very volatile. Bitcoin has been both resilient and unstable, going as high as $65,000 in November 2021 and as low as about $16,000.

Jamie Dimon drew a parallel between investing in Bitcoin and smoking cigarettes in another CNBC interview earlier, arguing that both are dangerous choices that should be left to individuals. Despite his stance against Bitcoin, he does not oppose investors’ freedom to purchase it. Despite one’s own cynicism, this position demonstrates a balanced vision by recognizing the need of safeguarding consumer investment choices. At the time of writing, Bitcoin is trading at $63,546, up 4.91% in the last 24 hours as per data from CoinMarketCap.

Highlighted Crypto News Today:

Ripple Shows Muted Performance: What’s Next For XRP?

The interim constitution will be put to the test and used to manage governance development.

The community will be introduced to Delegate Representatives (DReps) after the hard fork.

In a recent announcement, Frederik Gregaard, CEO of the Cardano Foundation, revealed Cardano’s interim constitution. As far as the Cardano community is concerned, this is a huge step towards decentralization of governance.

Transparency, accountability, and responsible management are some of the fundamental values that will be included in the interim constitution. Each ADA owner should be able to take part in shaping the blockchain’s future, and that is why these rules are in place.

Boosting Community Governance

This constitution is only a starting point; it is not the last word. Through each stage of governance’s development, it will be facilitated more quickly. The interim constitution will be put to the test and used to manage governance as Cardano prepares for a new formation.

Since every interested party is heard and considered under this form of governance, it may be considered acceptable. Concurrent with preparations for the Chang hard fork, which is expected to take place in 2024, the prospectus for the interim constitution is being unveiled.

The development of a secret ensconce technique will lead to the use of the hard fork. This method’s future actions will be imprinted on the Cardano management model. The community will be introduced to Delegate Representatives (DReps) after the hard fork. The governance paradigm will have these people at the forefront.

They are the people of the community who will work to establish a voting system that is both efficient and fair, allowing for the acceptance of different suggestions. The goal of this setup is to make sure that everyone in the community can see and be a part of the decision-making process.

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The goal of this upgrade is to completely change Polkadot’s trajectory going forward.

JAM is a decentralized hybrid system that combines elements from Ethereum and Polkadot.

Earlier on Thursday, Polkadot co-founder Gavin Wood teased the release of the Join-Accumulate Machine (JAM) update on X. The goal of this proposal is to completely change Polkadot’s trajectory going forward.

At the Token2049 crypto conference in Dubai, Wood introduced the JAM Gray Paper and gave insights about the revolutionary technology that combines elements from Polkadot and Ethereum. The current Relay Chain will be superseded by a newer, more modular, and less cluttered version with this upgrade.

Supersede the Relay Chain

Previously, the Polkadot Relay Chain was designed to be compatible with other systems, such as PARSIQ, which tracks data and automation on many blockchains. With the launch of JAM, Polkadot offers a fresh viewpoint. The protocol is laying the groundwork for a future in which a simpler, more modular architecture will supersede the relay chain.

The co-founder brought attention to the fact that the Jam Gray Paper was released 10 years subsequent to Wood’s Yellow Paper in his X post. The team behind Polkadot, the Web3.0 Foundation, also announced a prize fund of 10 million DOT. The goal of this reward is to encourage more diverse perspectives while working on the JAM protocol.

According to the blueprint, JAM is a decentralized hybrid system that combines elements from Ethereum and Polkadot, providing users with scalable and secure smart contract capabilities.

It incorporates a permissionless object environment for global singletons, similar to Ethereum’s smart contract ecosystem. Polkadot, the interoperability superpower, also introduced the idea of a scalable node network parallelizing secure sideband computing.

Among JAM’s many claims to fame is its compatibility with Substrate, making it an ideal choice for developers already familiar with the platform for blockchain projects. Existing Substrate-based parachains are able to take use of this crucial functionality thanks to parachain services.

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The world’s biggest cryptocurrency exchange by trading volume, Binance, the leading global blockchain ecosystem, announced the launch of ‘Megadrop’ today. Transparent incentives are offered to qualified participants on this groundbreaking token launch platform. Megadrop, which is now available on the global exchange, is a further demonstration of Binance’s commitment to leading the way in developing novel methods that improve user experiences and encourage more active participation in the dynamic cryptocurrency ecosystem.

With Megadrop, Binance users may get tokens from certain Web3 projects before they’re launched on the Binance Exchange. This feature is created exclusively for token generating events. It combines the tried-and-true method of Binance Launchpool with the promising new features of Web3. Within the safety and convenience of Binance’s ecosystem, users may learn about potential Web3 projects, interact with them, and even take part in the minting of tokens.

Everyone from crypto newbies to seasoned traders may take advantage of Megadrop’s simplified and user-friendly platform to discover Web3’s endless possibilities and earn incentives. It does this by promoting community involvement. Users are incentivized for their inquisitiveness and active engagement as they take part in decentralized application quests, gain knowledge about cutting-edge Web3 technologies, and receive rewards.

Rohit Wad, Chief Technology Officer at Binance shares:

“We’re always looking at what we can build to bring even more value to our Binance users. Over the past few years, we’ve seen many incredibly exciting Web3 projects emerge within the crypto space, highlighting how central innovation and passion is within the community. With Megadrop, we’re really excited to be able to provide exposure for more of these projects to our global user base while offering Binance users a unique opportunity to gain rewards in the process.”

It is worth mentioning that Megadrop offers more than simply user incentives and discovery. Megadrop is an excellent launch platform for Web3 projects because of the visibility and growth opportunities it provides. Megadrop connects projects with a large community of verified users that are interested in blockchain technology and want to help spread the word about new developments in the field. This will help projects get into the blockchain ecosystem faster.

Megadrop makes it simple to begin. All users have to do to earn their fair share of exclusive token airdrops is lock their BNB with Binance Earn and start completing quests using Binance Web3 Wallet.

The first project will soon be available on Megadrop. Look at the dedicated Frequently Asked Questions page or get in touch with Binance Support if you need further details.

Polkadot faces challenges with low risk-adjusted returns, evident from its negative Sharpe Ratio, deterring investor interest.

Decreasing participation in the futures market indicates waning investor confidence and potential further price drops.

Polkadot risks further decline if it doesn’t stabilize or improve its market appeal, with a critical support at $6.3.

Polkadot (DOT) has found itself grappling with a significant challenge – attracting and retaining investor interest. As the digital asset seeks to recover from recent price declines, the lack of attractive risk-adjusted returns and dwindling participation in the futures market have emerged as formidable obstacles.

One of the key indicators highlighting Polkadot’s struggle to attract investors is the Sharpe Ratio, a metric that measures the risk-adjusted return of an investment or portfolio.

Currently, Polkadot’s Sharpe Ratio stands at a concerning -5.17, indicating a lack of solid risk-adjusted returns. This negative figure serves as a deterrent for potential investors, who often seek investments with favorable risk-return profiles.

The Sharpe Ratio’s seven-month low underscores the challenges Polkadot faces in its quest for price recovery. A negative Sharpe Ratio suggests that the asset’s performance has been unsatisfactory when compared to the risks involved, making it less appealing to investors seeking efficient investment strategies.

What’s next for Polkadot?

Beyond attracting new investors, retaining the interest of current DOT holders is equally crucial for Polkadot’s recovery prospects. However, data suggests that the project is also losing ground on this front, with traders pulling their money out of the futures market. This exodus of capital from the futures market signals a potential decline in investor confidence and a heightened risk of further price erosion.

The combination of an unattractive risk-adjusted return profile and dwindling interest in the futures market has created a formidable barrier for Polkadot’s price recovery. Currently trading at $6.6, the digital asset has already undergone a significant correction after invalidating a falling wedge pattern, leaving it vulnerable to additional downside pressure.

Market analysts warn that if the critical support level of $6.3 is breached, Polkadot’s price could plummet further, potentially reaching $5.7 – a four-month low that could establish a new market bottom for 2024. However, given the established support at $6.3, a bounce-back from this level is also a possibility, potentially propelling DOT beyond the $7.00 mark and reigniting the bullish momentum.

As Polkadot navigates these challenging market conditions, the project’s ability to regain investor confidence and attract fresh capital will be crucial in determining its future trajectory. 

Polkadot, whether by enhancing risk-adjusted returns or reinvigorating interest in the futures market, confronts a formidable challenge in reestablishing itself as a compelling investment opportunity amidst the fiercely competitive cryptocurrency landscape.

The cryptocurrency industry has become a hub of innovations, with various crypto projects seeking ways to advance their investment appeal. Amid this, BlockDAG stands out with a remarkable $18.2 million raised in its latest presale, showing a potential market upheaval among emerging cryptos such as Algotech and Kelexo.

This substantial financial influx is set to escalate the BDAG coin from $0.005 to $0.006, marking a strategic advancement against its contemporaries. While Algotech leverages automated trading systems to allure investors, and Kelexo revolutionises peer-to-peer lending via blockchain, BlockDAG sets a new precedent by melding blockchain with Directed Acyclic Graph (DAG) technology, targeting an incredible 30,000x return on investment.

The anticipation surrounding BlockDAG’s innovative approach is not merely about its technological prowess but also about the transformative potential it holds for investors. As BlockDAG prepares for its next batch release, it does not just promise incremental growth in its coin price but a redefinition of what investors can expect from the crypto market. As such, it emerges as a leader and a visionary, poised to reshape the future of digital currencies.

Algotech’s Ambitious Market Entry

Algotech enters the crypto arena with a promising outlook. In its initial stage, it successfully doubled its investor contributions. Now in its third phase, Algotech offers a potential 87.5% return on investments. The project enhances its appeal with high-value promotional giveaways, further stimulating investor interest amidst fierce competition.

Kelexo’s P2P Lending Innovation

Kelexo seeks to transform the peer-to-peer lending market by leveraging blockchain technology to ensure immediate transactions without the conventional delays of KYC verification. This platform appeals to investors through its promise of distributing a portion of transaction fees as dividends to token holders, highlighting its commitment to profitable and transparent operations.

BlockDAG’s Superior Presale Achievements

Leading the charge, BlockDAG boasts a significant collection of over $18.2 million from presales, selling more than 7.5 billion coins. This platform is set to revolutionise the blockchain space with its unique DAG-based structure that enhances transaction speed to between 10,000 and 15,000 per second, ensuring scalability and rapid processing without compromising security.

BlockDAG excels in raising funds and technological innovation. It offers a platform where users can create smart contracts with minimal coding knowledge, supported by the Ethereum Virtual Machine for seamless integration of existing Ethereum contracts. This feature widens its usability and appeal across the developer community. Additionally, BlockDAG maintains transparency and builds community trust through regular updates on its development activities, which are accessible on its dedicated releases webpage.

The Final Call: Join BlockDAG’s Market-Leading Potential

As Algotech progresses through its presale phases with a focus on profitability and Kelexo capitalises on the growing trend of decentralised finance, BlockDAG sets itself apart with its advanced technology and robust presale results. The anticipation of a price surge to $0.006 underscores its market potential, promising substantial returns. BlockDAG’s integration of blockchain and DAG technologies positions it as a frontrunner in the blockchain evolution and as a top investment choice among new cryptocurrencies in 2024.

Investors are encouraged to act swiftly to participate in BlockDAG’s presale before the price increase, positioning themselves advantageously in a project with high ROI potential and a pioneering approach in the crypto industry. As BlockDAG gears up for its next phase, the market watches closely, ready to see how this innovative project will redefine blockchain technology standards and investment returns.

Join BlockDAG Presale Now:

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CZ strategically decided to transfer his voting power in the local corporation.

Binance’s Dubai affiliate had already obtained an Operational MVP license.

By securing the Virtual Asset Service Provider (VASP) license in Dubai, Binance Holdings Ltd. has accomplished a major milestone. This accomplishment showcases Binance’s dedication to successfully negotiating the complex regulatory environment while relentlessly expanding its worldwide footprint.

To ensure compliance with legal requirements and to facilitate the effortless acquisition of the license, co-founder Changpeng Zhao (CZ) strategically decided to transfer his voting power in the local corporation, as part of the arrangement.

Major Milestone Achieved

Chief Executive Officer Richard Teng confirmed the issuance of the license in a recent interview with Bloomberg. Binance has strengthened its position as the world’s biggest crypto exchange, and Teng’s recognition of this progress emphasizes the significance of this achievement for Binance.

It should be mentioned that Binance’s Dubai affiliate had already obtained an Operational Minimum Viable Product (MVP) license, which was a prerequisite for obtaining the full VASP license. The ensuing accomplishment was made possible by this MVP license, which allowed customers to access regulated virtual asset services in line with Dubai’s regulatory criteria.

Clearing Dubai’s VASP licensing requirements hasn’t been an easy feat. Binance FZE, the Dubai-based subsidiary, has been providing broker-dealer and exchange services under Operational MVP licenses since the middle of 2023.

On the other hand, giving up some control of the Dubai business and other concessions were necessary to get the full VASP license. This strategic step was crucial for meeting regulatory requirements and staying in line with agreements reached with US authorities.

Binance, led by CEO Richard Teng, has shown resilience and adaptability in the face of regulatory challenges. Not only has the exchange persisted through regulatory hurdles, but it has also strengthened its compliance efforts and expanded its products.

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Dubai, UAE, April 18th, 2024, Chainwire

SeedHunter is a dedicated platform that facilitates and fosters collaborations between influencers and crypto projects to gain traction in the web3 community. The company has a new and fresh perspective on how to match high-potential influencers and KOLs with respective crypto projects and investors in a lucrative, scalable, and secure way.  

SeedHunter launched on April 18th 2024, its debut service: The Marketing Module. This is a platform that allows crypto projects to manage and maintain their influencer marketing campaigns more efficiently, securely, and effectively. The marketing campaigns launched can be uniquely customized to the crypto project’s needs in terms of content, deliverables, and more.  

The platform then uses an AI-based data model to evaluate, rate, and match reliable KOLs to crypto projects. SeedHunter will also assess influencer performance and define pricing directly using an advanced algorithm based on metrics of engagement, impression rates, number of followers, and the compatibility of the KOL with the campaign they manage – all of these standards will ensure that the right influencer is matched to the user’s target audience needs. This ensures a fully transparent, fair, and lucrative influencer marketing position for influencers of all kinds. 

Crypto projects can also benefit from several built-in marketing campaign tools to drive engagement – including consultancy and account management as needed. SeedHunter takes care of all the tedious admin to provide a simplified, insightful, and efficient platform to view potential influencer and KOL partnerships. Dariusz Kowalczyk, the co-founder and CTO of SeedHunter, has stated that the platform “does the due diligence to find reliable and relevant KOLs that match your target audience’s interests. This saves time and energy while pulling the focus onto the customer.” 

SeedHunter also makes cryptocurrency projects a lot more accessible by simplifying processes. Influencer campaigns can be created in a matter of minutes through a centralized platform – giving the community automated contracts, KOL reviews, and delivery checks. Payments will also be based on deliveries to ensure cost-effective marketing. The web3 community can easily use SeedHunter to curate the ideal influencer campaign for their project and push growth.  

To celebrate its official launch, SeedHunter is diving right in with a platform campaign open to all interested KOLs. This provides an opportunity for influencers to get involved from the get-go. SeedHunter has also three additional, high-profile projects waiting to be launched. These span the exciting realms of blockchain, entertainment, and gaming, offering KOLs a chance to contribute to cutting-edge initiatives and propel their marketing efforts. 

The crypto industry is uniquely disruptive and as such, it needs platforms like SeedHunter that offer scalable solutions from the very beginning for a lasting chance of success. With automated, simplified, and user-friendly interfaces, SeedHunter provides a seamless experience for influencers and crypto projects alike. Co-founder and CEO, Junaid Dar has said, “The SeedHunter platform will act as a canvas for prospective reliable influencers and KOLs to connect to crypto projects that are looking to gain traction in the market in a way that will simplify, secure, and inspire the industry.” 

SeedHunter is built on the values of trust, efficiency, collaboration, dynamics, and prosperity. This has helped the company establish a clear, guided vision for the future of the crypto influencer market. The platform’s ultimate mission is to ensure an easier, scalable, and more secure channel through which innovative crypto projects can be matched to specific influencers and investors in a way that adds value and clarity to a dynamic cryptocurrency market. 

SeedHunter invites crypto project managers and influencers of all sizes to take advantage of the Marketing Module that simplifies collaborations in a mutually beneficial, fair, and secure way. SeedHunter is also open to partnerships in the cryptocurrency industry that would help to expand and establish the vision of efficient, secure, and reliable collaborations across the web3 community.  

Moving forward, SeedHunter will also be launching its Funding Module in June 2024 which will allow crypto projects to find the necessary seed capital needed to gain traction. In this project, SeedHunter will act as a broker between the community and crypto projects that need funding. This project ensures the involvement of smaller influencers as well and allows the project to engage with communities and participate in projects for only $50. This ensures safety, transparency, and safety for start-up crypto projects looking to change the industry. 

About SeedHunter 

SeedHunter was founded recently and allows crypto projects to connect to reliable and trusted influencers and KOLs to drive engagement and improve marketability. The centralized platform establishes a mutually beneficial link between influencers and crypto investors that is mutually beneficial and transparent. The company uses advanced technology to match ideal influencer candidates to crypto projects and helps to source seed funding for start-up crypto projects.  

Contact Information 

Website: www.seedhunter.com  

Email: contact@seedhunter.com  

Twitter: @SeedHunterHQ  

LinkedIn: SeedHunter 

Contact

Chief Operating OfficerAlexandre BarrosSeedHuntercontact@seedhunter.com

At this time, the scheduled time for the halving is April 20 at 4:00 am UTC. 

Cyprus, Nigeria, the Netherlands, and Switzerland are the ones most interested.

Google searches related to the Bitcoin halving have reached an all-time high, with forecasts indicating that they will be more than twice as popular as the last halving in 2020. If Google Trends is to be believed, the phrase “Bitcoin halving” will reach an anticipated score of 100 by the month’s conclusion, up from 45 at the beginning of the month.

A rating of 100 indicates the term’s “peak popularity” according to Google Trends. The process of half the incentives given to Bitcoin miners is called the Bitcoin halving. Block rewards will drop from 6.25 BTC to 3.125 BTC due to the 2024 Bitcoin halving.

All Eyes on Impending Halving Event

At this time, the scheduled time for the halving is April 20 at 4:00 am UTC. According to Google Trends, the countries of Cyprus, Nigeria, the Netherlands, and Switzerland are the ones most interested in Bitcoin halving.

With Bitcoin’s meteoric climb in value over the last three months, the unprecedented amount of enthusiasm around the halving event should not be surprising. According to statistics compiled by CoinMarketCap, the price of Bitcoin rocketed up from $42,200 at the start of the year to a new all-time high of $73,600 on March 13.

After then, the price of Bitcoin calmed down and has been facing strong volatility. Bitcoin has fallen 17% from its all-time high and is now trading at $62,292 as of this writing. Several market analysts have used Bitcoin’s price history to predict a substantial rebound in the months after the halving, despite gloomy attitudes among market players.

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Yuga Labs has sold the IP for two of its games, HV-MTL and Legends of the Mara.

Its flagship BAYC collection is one of the most severely affected top NFT collections.

As part of its previously stated decision to refocus, Yuga Labs, the organization behind NFT collection Bored Ape Yacht Club (BAYC), has sold the IP for two of its games, HV-MTL and Legends of the Mara.

In a post made to X on April 17, Yuga Labs stated that the IP had been bought by Web3 gaming studio Faraway. They also said that Faraway’s new chief product officer, Spencer Tucker, would be joining the company to maintain consistency across titles.

Refocusing Efforts 

Managing and leveling up one’s NFTs and local settings is at the heart of HV-MTL, a “mech” game focused on NFTs. Legends of the Mara, meanwhile, is an adventure game that was released on April 30, 2022, as part of the Otherside metaverse.

Moreover, longtime collaborators Faraway and Yuga Labs have collaborated on projects like Serum City, a Mutant Ape Yacht Club-themed game. Also, an effort to “unshackle” the team is shown in Yuga’s decision to transfer its gaming IP to Faraway. It was unveiled in February of this year, when co-founder Greg Solano returned to Yuga and succeeded Daniel Allegre as CEO.

Greg Solano wrote in a Feb. 22 post on X:

“We want to unshackle the BAYC team at Yuga as much as possible to execute against its vision. More focus, more agility.”

Its flagship BAYC collection is one of the most severely affected top NFT collections, and the statement on Wednesday comes as NFTs undergo a wider slump throughout the market.

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