Rep. Thomas Massie reintroduces a bill to abolish the Federal Reserve, inspired by insights from a Bitcoin book, aiming to overhaul the US monetary system.

‘The Bitcoin Standard’ audiobook influences Massie to propose legislation that questions the current financial system and suggests Bitcoin’s superiority due to its limited supply.

Massie’s bill gains unexpected support, reflecting a decade-long shift in perspective towards the Federal Reserve and its monetary policies.

Representative Thomas Massie has once again presented a bill with the goal of eliminating the Federal Reserve, inspired by an influential Bitcoin book. Titled the “Federal Reserve Board Abolition Act,” this legislation represents the first effort in ten years to disband the country’s central bank.

JUST IN: US Congressman Thomas Massie says he decided to introduce a bill to end the Federal Reserve after reading The #Bitcoin Standard book pic.twitter.com/08T1d6VYwC

— Bitcoin Magazine (@BitcoinMagazine) June 13, 2024

Introduced in May, the bill is undergoing early stages of evaluation in the House. In a June 13 podcast with Tom Woods, Massie disclosed that the proposal has received more backing than he originally anticipated over the last decade.

The Bitcoin Standard

Massie credits his decision to reintroduce this contentious bill to his experience with Saifedean Ammous’ audiobook ‘The Bitcoin Standard’. He points out that the book’s initial chapters delve into the global monetary system and its mechanics.

He emphasized that the discussion on Bitcoin only begins after an extensive exploration of the concept of money, posing the fundamental question, “What is money?” According to Massie, Ammous establishes a foundational understanding of money before delving into Bitcoin, as one cannot presume universal financial literacy.

Published in 2018, ‘The Bitcoin Standard’ posits that Bitcoin’s inherent monetary qualities surpass those of traditional fiat currencies, especially due to its finite limit of 21 million coins. Ammous links several societal and economic problems, like dwindling household savings and surging asset values, to the US’s departure from the gold standard in 1971. 

This event is often viewed as the inception of the “fiat deception,” enabling central banks to create money without restraint. Massie’s legislation resonates with these points, asserting that the Federal Reserve’s actions favor the affluent at the expense of the savings of the elderly.

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The post US Federal Reserve Could Vanish as Congressman Massie’s Reports 10x Increase in Crypto Bill Support appeared first on Crypto News Land.

Taiwan’s VASP Association aims to establish ethical standards and codes of conduct for the crypto industry.

Leaders from BitoPro and XREX will helm the association, lobbying for rigorous global blockchain policies.

Collaboration with Taiwan’s Ministry of Justice targets fraud prevention and compliance with new AML regulations.

Taiwan made a significant move in the regulation of the crypto industry through the formation of the Virtual Asset Service Providers Association (VASP). Currently, it has 24 crypto companies as its charter members to establish its codes of conduct so that everyone can thrive without harming each other or ethical boundaries in the process, all in the interest of a supportive digital asset ecosystem in that country.

We celebrate this momentous day with all virtual asset service providers in #Taiwan as an official industry association is formed.This marks an important milestone in an ongoing process towards a consultative and unique regulatory model for the #VASP industry in Taiwan. (1/4) pic.twitter.com/thzW3htCy2

— XREX Inc. (@xrexinc) June 13, 2024

The formation of the association was announced on June 13 with BitoPro and XREX taking leadership roles. Co-founder & CEO of BitoPro, Titan Cheng will chair the board, while XREX’s chief revenue officer, Winston Hsiao will be the vice-chairman. This position shall work towards lobbying for stringent and credible policies that the association wants to see foster the blockchain finance space around the world.

Awareness of government institutions and related law enforcement agencies is also another key area. The Association shall collaborate with Taiwan’s Ministry of Justice to manage fraud and any other unlawful attempts.

The industry will also contribute technology, industrial know-how, and infrastructure to build a common defense platform and design international transfer rules that comply with Taiwan standards.  Following this, there was a letter from the Ministry of Justice of Taiwan addressing the proposed changes to the Anti-Money Laundering (AML) rules in so far as VASPs are concerned.

According to the current provisions of the law, anyone who fails to abide by the stipulated provisions will be liable to be imprisoned for 2 years, or face a fine of $ 1.5 million as proposed in the amendments above. Taiwan’s Financial Supervisory Commission (FSC) laid down similar intentions regarding the release of new digital asset rules in September as well.

As for the formation of this association, it expects to enhance more cooperation and consensus in the industry, urge the enterprises to act by the laws, advocate for the standardization of the digital asset industry, and thus promote its healthy development. This will also help in providing more security to the required stability and transparency of the industry as well as consumer protection rights.

The director of FSC Hsiho Huang announced that this association called the Association of Virtual Asset Service Providers on June 13 and he also claimed that such formation will lead to more coordination and synchronization. This will ensure adherence to the recommended practices in the market, bring order to the sector, and ensure the market grows healthily. Besides, others will contribute to the security, transparency, and stability of the industry and improve the standing of consumer rights.

Such formation of association demonstrates that Taiwan is willing to provide safer and more comprehensive regulation for the cryptocurrency business. Through partnerships with government and police organizations, it aims to fight fraud and other crimes and therefore provides technology and expertise to develop an alliance while more on the association.

The formation of the Taiwan Virtual Asset Service Providers Association is a significant push in the right direction towards more stringent and sovereign regulatory mechanisms in the Cryptocurrency Ecosystem. Backed by the government and encouraged to engage the industry actors, Taiwan is proving to be a player that is fully committed to guarantee healthy and safe development of the digital asset market. 

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The post Taiwan Launches Virtual Asset Service Providers Association: A Game-Changer in Crypto Regulation appeared first on Crypto News Land.

Solana (SOL) is a prominent blockchain platform renowned for its high-speed, low-cost transactions. Launched in 2020, it quickly gained popularity, boasting the capability to handle up to 65,000 transactions per second (TPS), positioning itself as the fastest blockchain globally. Its native token, SOL, witnessed dramatic price fluctuations, peaking at over $250 in 2021 before crashing to $8 following the FTX debacle. As of the latest data, SOL’s price stands at $164.09 with a market capitalization of $75.39 billion, reflecting a year-to-date increase of 63.83%. Despite this, questions about whether Solana is overrated have surfaced, prompting investors to seek alternative cryptocurrencies for the anticipated 2024 bull run.

Solana (SOL): A Double-Edged Sword

Solana’s standout features include its incredible transaction speed and scalability, allowing it to handle thousands of transactions per second without significant slowdowns, and its efficient processing results in remarkably low transaction fees, often just a fraction of a cent. Additionally, the Solana ecosystem is rapidly expanding, with numerous projects from DeFi applications to NFTs leveraging its high-speed capabilities. However, despite these strengths, Solana has experienced several network outages, raising concerns about its reliability. Critics also argue that Solana’s network is more centralized compared to other blockchains, potentially compromising its security and decentralization. Furthermore, with the emergence of other high-speed blockchains, Solana faces stiff competition, which could impact its market position and growth potential.

Is Solana Overrated?

The notion of Solana being overrated stems from its volatility and operational hiccups. While its technological prowess is undeniable, the frequent outages and centralization issues cannot be overlooked. Investors who prioritize stability and decentralization may find these drawbacks significant. However, Solana’s strong market performance and expanding ecosystem suggest it still holds substantial promise. Whether it’s overrated or not largely depends on individual perspectives and investment strategies.

The Rise of Retik Finance (RETIK): A Promising SOL Alternative

As investors seek alternatives to Solana, Retik Finance (RETIK) has emerged as a compelling contender. Launched and listed on multiple exchanges on May 21, 2023, RETIK has seen an impressive surge of 2000%, skyrocketing from an initial price of $0.15 to a peak of $3.08.  This meteoric rise has pushed RETIK’s market capitalization to nearly $3 billion, marking it as a noteworthy player in the cryptocurrency landscape.

Why Retik Finance (RETIK)?

Retik Finance (RETIK) has captured significant market confidence and investor interest, evidenced by a remarkable 2000% surge in value shortly after its launch. This substantial appreciation indicates that Retik Finance (RETIK) is well-positioned for substantial returns in the upcoming bull run. Despite this impressive growth, RETIK remains affordable compared to Solana, providing a lucrative entry point for investors looking to capitalize on its potential.  Designed with a focus on secure and efficient financial services, Retik Finance’s innovative approach to DeFi, featuring robust security measures and user-friendly interfaces, makes it attractive to both novice and experienced investors. The early success and positive market sentiment surrounding Retik Finance (RETIK) suggest it can maintain its upward trajectory, as its ability to attract substantial investment and achieve rapid growth highlights its strong underlying fundamentals.

Comparing SOL and RETIK

When comparing Solana (SOL) and Retik Finance (RETIK), several factors come into play. Solana is renowned for its high transaction speeds and scalability, efficiently handling a large volume of transactions. Although Retik Finance (RETIK) is designed to handle high transaction volumes efficiently as well, its specific capabilities will become clearer as the platform matures. In terms of ecosystem and adoption, Solana boasts a well-established ecosystem with numerous dApps and active developers, while Retik Finance (RETIK), being newer, is still in the process of building its ecosystem but shows promising early signs of adoption. Regarding market position and potential, Solana has a well-established market position with significant market capitalization and widespread recognition. In contrast, Retik Finance (RETIK), though smaller, has demonstrated substantial growth potential and could see significant appreciation as it develops.

Conclusion

Determining whether Solana (SOL) is overrated depends on individual perspectives and investment goals. While Solana offers impressive transaction speeds and a growing ecosystem, its operational issues and centralization concerns cannot be ignored. As the cryptocurrency market evolves, investors are increasingly looking at alternatives like Retik Finance (RETIK), which has shown remarkable early performance and potential for significant returns in the 2024 bull run. RETIK’s affordability, innovative features, and strong market sentiment make it a viable alternative to Solana. As the market prepares for the next bull run, both Solana and Retik Finance (RETIK) present intriguing opportunities, each with its unique strengths and challenges.

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 Cryptocurrency: Is Solana (SOL) Overrated? Which Is the Best SOL Alternative for the 2024 Bull Run? appeared first on Crypto News Land.

Solana and JasmyCoin are seen as the top two crypto that could outperform this cycle.

SOL price is expected to beat $4,000 and outperform ETH.

JASMY is expected to outperform ADA and hit a new ATH.

As the crypto market swings to the recovery stage, analysts try to find which altcoin will perform the best in the coming months. The top two assets on their watchlist at the moment are Solana (SOL) and JasmyCoin (JASMY).

Following the anticipated correction for #JASMY, we have corrected lower in a 4th wave in blue, meaning we should get 5th wave up in blue to complete the larger fractal 5th wave red.We could have "nesting" to allow potential further upward movement but this is not expected imo pic.twitter.com/c9ZpCKlEYJ

— Matthew Dixon – CEO Evai (@mdtrade) June 14, 2024

For JASMY, as we can see from the post above, analysts expected an anticipated correction for JASMY. Now, based on the price printed in the charts so far, it looks like JASMY price is repeating a similar pattern to that of its 4th wave. 

In line with this, JASMY seems to be printing a similar low which will usher in the 5th wave price spike. Many other popular crypto analysts expect huge price surges for JAMSY. Much like how SOL is set to beat ETH, Jasmy is expected to beat ADA in this crypto bull cycle. 

In particular for Solana, this blockchain has been on the top 5 top crypto charts for a long time, it even flipped the BNB Chain for a short time. Based on its active on-chain action analysts believe Solana will perform much like Ethereum did in earlier cycles during this ongoing crypto bull cycle. 

According to some, Solana will become the next ETH and will likely surpass the $4000 price mark by next year. To come to this expectation analysts mark similar activity to that of Ethereum over the last cycles. 

To highlight, SOL became the first ever chain to trade memes and gained celebrity and political endorsement. Through this it slowly rose in price. Similar to that of ETH’s journey so far, it became the first to launch NFTs and then gained celebrity recognition. 

Next step for Solana that could trigger a bullish god candle could be the announcement of SOL ETFs taking it to the price heights of that of ETH at $4,000 and higher. Many analysts expect the price of SOL to make between 10x to 100x gains over the next year. 

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The post SOL and JASMY Primed to Outperform ETH and ADA in Coming Crypto Golden Bull Cycle, $4,000 and $5 Highs Soon?   appeared first on Crypto News Land.

UwU Lend hit twice in a $24M hack spree, losing $20.3M in the first attack and $3.7M in the second.

UwU offers a $5M bounty for hacker’s ID after a failed repayment deadline.

$9.7M reimbursed to victims by UwU Lend amidst ongoing security breaches.

UwU Lend has experienced a significant security breach, with a hacker stealing $24 million across two separate attacks. The first exploit occurred on June 10, when $20.3 million was lost through a price manipulation attack. Despite UwU’s offer for the hacker to keep 20% of the stolen funds if they returned the remaining 80%, there was no response.

ALERT@UwU_Lend has suffered another security breach by the same attacker!Total loss: $3.7MAffected pools: uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, uUSDTAll stolen assets have been converted to $ETH and are located at the attacker's address: https://t.co/9TvwLh18P1To learn… https://t.co/AjcMS1Cdyl

— Cyvers Alerts (@CyversAlerts) June 13, 2024

The Latest Exploit and UwU’s Response

On June 13, the same hacker executed a second exploit, stealing an additional $3.7 million from the protocol’s uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT pools. according to blockchain security firm Cyvers. Cyvers said the two hacks were carried out by the same hacker wallet address “0x841…21f47.”

“The repayment deadline for the funds you stole has passed. 5 Million Dollar bounty to the first person to identify and locate you,” UwU wrote to the hacker in a June 13 on-chain message after they didn’t transfer 80% of the stolen funds before UwU’s requested deadline — June 12 at 5:00 pm UTC.

Efforts to Recover and Reimburse Victims

Despite these setbacks, UwU Lend has already reimbursed over $9.7 million to victims from the initial exploit. The protocol is determined to restore trust and stability, although the UwU Lend token has dropped by 21% to $2.47 in the last seven days. The team’s immediate focus is on mitigating further damage and ensuring the safety of users’ funds.

Nearly $19 billion in cryptocurrencies have been stolen since the first industry hack in June 2011, underscoring the ongoing security challenges within the crypto space.

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The post UwU Lend Hit by $24M in Hacks, Offers $5M Bounty for Hacker’s Identity appeared first on Crypto News Land.

DevourGO now accepts Shiba Inu (SHIB) via Coinbase Commerce for food orders, expanding cryptocurrency payment options.

SHIB’s integration marks growing acceptance in mainstream sectors like food delivery.

Despite integration, SHIB’s market price showed minimal response amid broader crypto market volatility.

DevourGO, a well-known web3 food ordering and delivery platform has added Shiba Inu (SHIB) to its list of accepted payment methods. Customers can now use Coinbase Commerce to place food orders using SHIB as a result of the integration, which is an important milestone toward the adoption of cryptocurrencies in the food service sector.

Woof! Did someone say "treats"?! Was this the first food delivery order paid for with $SHIB ?DevourGO now accepts $SHIB with our Coinbase Commerce integration. We made the first purchase, who is next?Visit https://t.co/eG8i0nYHDb to fire up the app & chow down! #ShibainuCoin… pic.twitter.com/SUKvGXwvjm

— Devour (@GoDevour) June 13, 2024

Accepting SHIB demonstrates DevourGO’s dedication to meeting the changing needs of its users by allowing them to take advantage of Coinbase powerful features for easy transactions. Although it is still uncertain if DevourGO will be the first company to use SHIB for food delivery, the announcement has generated a lot of anticipation among Shiba Inu owners.

The integration procedure is intended to be simple, with DevourGO providing an easy-to-follow four-step guide. Customers just order food on DevourGO, choose ‘Pay with Coinbase’ at the register, authorize the payment with their wallet or Coinbase account, and wait for confirmation. The goal of this simpler method is to make SHIB more accessible and convenient for cryptocurrency users who want to use it for everyday transactions.

The move demonstrates the trend of expanding SHIB’s use beyond its memecoin base and demonstrates DevourGO’s innovative approach to digital currencies. The SHIB cryptocurrency is making great strides towards becoming a widely used payment option, with the support of major cryptocurrency processors such as BitPay, Binance, and now Coinbase Commerce.

Despite this advancement, present crypto market conditions have slowed the market reaction to SHIB’s new utility at DevourGO. The token’s valuation remains low in view of ongoing market volatility.

The integration of SHIB by DevourGO highlights a turning point in the integration of cryptocurrency payments with food services, making both more accessible and useful for users. As Shiba Inu acceptance keeps growing, the long-term impact on SHIB’s market dynamics remains a major concern in the changing landscape of digital currencies. 

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The post SHIB Takes a Bite out of the Food Industry: DevourGO Embraces Shiba Inu Payments appeared first on Crypto News Land.

A well-known investor, who recently made headlines for massive gains on PEPE, has now turned attention to other altcoins. This shift comes during a time of thriving market conditions in 2024. The investor’s new choices are generating significant curiosity and excitement among traders. These altcoin picks could potentially offer similar profit opportunities. Stay tuned to explore the names that have captured this whale’s interest.

CYBRO Gets on Crypto Whale’s Radar with Presale of Its Tokens

CYBRO is a new aggregator platform for enhanced crypto earnings on the Blast blockchain, which is famous for its generous yield for ETH and stablecoins. It plays a crucial role in Blast’s ecosystem, helping users get the most of this advantage. Currently, CYBRO runs a presale of its native tokens at just $0.025, an astounding 58% discount from its future listing price, which will give a 300% ROI.

Notably, all presale participants investing at least $1,000 in CYBRO at this stage will receive a unique opportunity to boost their profits with weekly ETH rewards, available for withdrawal post-TGE. There is a rumor that an ETH whale, attracted by this tempting offer, is considering buying a hefty scoop of $CYBRO tokens to secure a place in this promising project. Only 21% of the total supply is allocated for the presale, and around 25 million tokens have already been sold out.

Buy $CYBRO at 58% Discount While You Can – The Supply is Limited!

Holders of CYBRO tokens will get staking rewards, an exclusive Airdrop, marketplace cashback, reduced trading and lending fees, and the in-house insurance program.

CYBRO will enable crypto growth through diverse investments within the Blast ecosystem and beyond, offering strategies from conservative to high-yield. It prioritizes maximizing returns with efficient crypto transactions. The future improvements include AIBroker for chatbot-assisted investments and One-Click Investment for optimizing yields via DeFi and CeFi integration.

Grow Your Crypto Portfolio with CYBRO! Join NOW for Future Returns up to 300%!

Fantom’s Market Sentiment Hints at Potential Recovery Amid Price Fluctuations

Fantom’s current market sentiment appears cautious with mixed signals. Despite recent declines, medium-term gains suggest underlying strength. Buyers seem interested around lower support levels, while resistance levels might challenge any upward movement. The coin’s tech-driven advantages like fast transaction speeds and scalable network could support a positive shift. As indicators stabilize, investors may look for improved confidence to resume their investment momentum.

MANTA Network Faces Consolidation Amid Mixed Market Signals

The price of Manta Network’s coin is fluctuating within a range but hasn’t shown a clear trend. The token is hovering around a recent low with resistance not too far off. Short-term trends suggest caution, yet long-term growth remains impressive. Mixed signals from various technical indicators point to uncertainty in market sentiment. MANTA’s underlying technology and ecosystem could provide stability, helping it to weather current market conditions and set the stage for future progress.

Market Sentiment Turns Cautious for Jito (JTO) Coin Amid Recent Declines

Jito coin is facing uncertain times with a recent slip in its price over the past week and month. While it sits just below key resistance marks, its current trajectory shows hesitation among traders. Yet, the coin’s price over several months reveals resilience. This cautious sentiment might deter immediate buy-ins, but long-term investors could see it as a signal to hold, relying on the coin’s demonstrated recovery potential in the past half-year.

Pyth Network Faces Cautious Market Sentiment Amid Price Fluctuations

Pyth Network is experiencing cautious market sentiment. The crypto shows weakness, evident from recent price drops and technical indicators suggesting limited momentum. Despite short-term declines, there’s some stability seen over the past six months. This mixed outlook may dampen investor enthusiasm in the near term. Nevertheless, with its functional role in delivering real-time data feeds to blockchain applications, Pyth Network holds fundamental value that could eventually reignite interest.

Conclusion

FTM, MANTA, JTO, and PYTH have shown impressive potential. However, in the short term, they may not reach their full growth. CYBRO stands out as an exciting opportunity in the crypto space. Leveraging the native yield potential of the Blast blockchain, its first release is set for Q2 2024. Early investors have the chance to enter the project on favorable terms by joining the CYBRO token presale. CYBRO’s unique market approach could attract significant attention and investment.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

The post Mysterious Whale Who Made Multi-Million Profits on PEPE Is Now Bullish on These Altcoins appeared first on Crypto News Land.

BEER token crashes 80% post-Bybit listing as insiders sell over $15 million.

Insider manipulation suspected as wallets linked to BEER team dump massive holdings.

Calls for transparency in crypto after BEER token’s value decimation highlights risks.

In a shocking turn of events, the Solana-based token BEER experienced a catastrophic price drop, plummeting 80% just days after its much-anticipated listing on the Bybit exchange. The sudden crash has been attributed to a massive sell-off by insiders and team members, who reportedly cashed out over $15 million, sending shockwaves through the cryptocurrency community.

The BEER token, which had been riding a wave of hype and speculation, saw its value decimated as a series of large transactions were executed in quick succession. According to the post below, insiders who controlled more than half of the token’s supply initiated the sell-off, exploiting the increased liquidity following the token’s listing on Bybit.

The Solana shitcoin $BEER went down 80% a few days after listing on @Bybit_Official with insiders/team cashing out $15M+The team/insiders controlled 50%+ of supplyOne of the biggest and more ellaborate meme scams I've seen so farhere are the wallets that caused the dump pic.twitter.com/ngdtVs7T0F

— Wazz (@WazzCrypto) June 13, 2024

The first major transaction was traced to a wallet beginning with Ba1rZ, which unloaded $1.6 million worth of BEER tokens. This move set off a chain reaction, with subsequent sales from wallets starting with 2MLQt, GcFPr, and 9xxHp, disposing of $1.5 million, $1.2 million, and $1.3 million in BEER, respectively.

The selling frenzy didn’t stop there. Wallets identified by Wazz with the prefixes D5cP7, BoUsA, and BPxBh each sold $1 million worth of BEER. Another wallet, starting with 38bA9, contributed to the downward spiral by selling $1.5 million. In total, four additional wallets were implicated in the sell-off, dumping nearly $3 million onto the crypto market.

Effect on Investors’ Confidence 

The aftermath of this event has left investors reeling. Many are questioning the integrity of meme coins and the vulnerability of the cryptocurrency market to insider manipulation. The BEER token’s collapse serves as a stark reminder of the risks associated with investing in digital assets, particularly those that can be heavily influenced by a select few.

As the dust settles, the crypto community is left to ponder the implications of such a significant market manipulation. The BEER token saga underscores the need for greater transparency and regulation in the crypto space to protect investors from similar occurrences in the future.

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The post Solana’s BEER Token Plummets 85% Amidst Insider Sell-Off Indicating Memecoin Scam appeared first on Crypto News Land.

In the ever-volatile world of cryptocurrency, timing and strategy are everything. A seasoned crypto investor recently demonstrated this with an impressive manoeuvre, locking in a $3,500,000 profit as Bitcoin (BTC) resumed its bullish rally. This savvy investor is now diversifying his portfolio by accumulating Solana (SOL) and a newly skyrocketed token, Retik Finance (RETIK), which surged 20x in just 24 hours.

The Bitcoin (BTC) Masterstroke

Bitcoin, the undisputed king of cryptocurrencies, had seen a slight correction, dipping to $56,500. However, as of now, BTC is trading at $67,623, marking a resurgence in its bullish trajectory. This crypto investor, who had keenly observed the market trends, decided to capitalize on this rebound. His strategic move allowed him to lock in a staggering $3,500,000 profit from his BTC investments. Such a significant profit is a testament to the investor’s acumen in reading market signals and understanding the cyclical nature of cryptocurrency prices. The decision to take profits at this juncture showcases a disciplined approach, ensuring gains are realized without getting too greedy, a common pitfall for many in the crypto space.

Diversification into Solana (SOL)

With Bitcoin profits secured, the investor turned his attention to Solana (SOL), a blockchain platform known for its high throughput and low transaction costs. Solana had recently broken above a crucial resistance level at $127.20, and despite a minor retracement, it found strong support at this zone. Recognizing this as a bullish signal, the investor decided to buy Solana, anticipating it could hit $200 in 2024. Solana’s robust ecosystem and technological advantages make it a promising investment. Its ability to handle thousands of transactions per second with minimal fees has attracted numerous developers and projects, fueling its rapid growth. The investor’s move into Solana highlights a strategic pivot to a blockchain with strong fundamentals and a vibrant community.

The Massive Rise of Retik Finance (RETIK)

In addition to Solana, the investor also set his sights on a new star in the crypto universe: Retik Finance (RETIK). Recently listed at $0.15 on multiple exchanges including Uniswap, MEXC, Bitmart, LBank, CoinW, Digifinex, Bitrue, and P2PB2B, RETIK captured the market’s attention by soaring 2000% to reach an all-time high (ATH) of $3 within 24 hours. This meteoric rise propelled its market cap to nearly $3 billion. Retik Finance’s surge is a prime example of how new projects can experience explosive growth in the crypto space. The platform’s capabilities, including Retik Swap and staking options, provide additional utility and incentives for investors. The investor’s decision to buy into RETIK after its rapid ascent demonstrates a belief in the token’s long-term potential, envisioning it could reach $200 in 2024.

Retik Finance (RETIK): A Closer Look

Retik Finance offers a comprehensive platform with various features designed to enhance user experience and provide multiple streams of revenue. The Retik Swap feature allows users to trade cryptocurrencies seamlessly, while the staking option offers rewards for holding RETIK tokens. These functionalities contribute to the ecosystem’s growth and the token’s appeal. The success of RETIK’s launch, with a 2000% increase from its listing price and a 100x surge from its presale stage, indicates strong market confidence. The investor’s move to accumulate RETIK aligns with the broader trend of seeking high-potential, innovative projects that can deliver substantial returns.

The Investor’s Vision

The crypto investor’s strategy underscores the importance of diversification and seizing opportunities in dynamic markets. By locking in significant profits from Bitcoin and reallocating capital into promising assets like Solana and Retik Finance, the investor positions himself to benefit from multiple growth avenues. His optimistic outlook on Solana, predicting it could reach $200 in 2024, is based on the platform’s technological prowess and expanding ecosystem. Similarly, his investment in Retik Finance reflects a belief in the project’s potential to disrupt the market and achieve remarkable growth, possibly hitting $200 in the near future.

Conclusion

In the high-stakes world of cryptocurrency trading, the ability to navigate market fluctuations and identify promising investments is crucial. This crypto investor’s recent moves—from locking in substantial Bitcoin profits to diversifying into Solana (SOL) and Retik Finance (RETIK) —illustrate a keen understanding of market dynamics and a forward-thinking approach. As the crypto landscape continues to evolve, such strategic decisions will likely define the success stories of tomorrow.

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 Crypto Investor Who Locked In $3,500,000 Profit as Bitcoin (BTC) Resumed Rally Accumulates Solana (SOL) and Token That Surged 20x in 24 Hours appeared first on Crypto News Land.

Recent developments are creating a buzz in the crypto market. Key players and watchers are turning their eyes to a new opportunity that has emerged. This unfolding event holds significant potential and could impact decisions for those invested in other prominent tokens. Investors are advised to stay informed and consider the possible implications on their portfolios.

CYBRO Presale: A One-in-a-Million NeoBank Investment Opportunity

CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge NeoBank offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

>>> Enhance Your Crypto Portfolio with CYBRO! Join NOW and aim for future returns up to 1200%! <<<

Notcoin Faces Mixed Sentiment Amid Recent Volatility

Notcoin has experienced notable fluctuations recently. The coin’s quick rise over the past month shows strong interest, but its recent decline sparks caution. While the short-term indicators suggest potential overselling, the longer-term averages appear stable. Resistance and support levels indicate possible turning points. This mixed sentiment may lead to cautious optimism among traders, keeping an eye on both resistance and support levels for future movements.

Ondo (ONDO) Shows Mixed Signals Amidst Recent Volatility

The Ondo market shows a blend of cautious optimism and recent fluctuations. While the wide price range suggests uncertainty, it is above the long-term trend line. Both short-term price dips and long-term gains highlight volatility. Current momentum indicators display weak bullish sentiment. This blend of factors suggests traders are being cautious, but underlying positive trends indicate potential for future growth. Ondo’s adaptive and responsive nature might drive further interest as traders seek stable yet promising opportunities.

Toncoin Shows Promising Uptrend with Solid Support Levels

Toncoin is displaying positive market sentiment. The price is within a strong range with significant support levels below. Recent price changes across various time frames indicate a consistent upward trend. The current indicators suggest steady momentum with room for growth. If these trends continue, Toncoin could see further gains, leveraging its robust technological foundations and increasing market interest.

Conclusion

NOT, ONDO, and TON might have limited short-term growth. CYBRO presents a unique new opportunity with its yield marketplace using the Blast blockchain’s earning power. The first release is expected in Q2 2024. Joining the CYBRO token presale can potentially offer early investors favorable terms.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

The post Why Notcoin, ONDO, and Toncoin Investors Should Pay Attention to the Unfolding CYBRO Presale appeared first on Crypto News Land.

Paradigm raised $850 million for its third crypto fund, focusing on early-stage projects.

Paradigm highlights Bitcoin’s $1 trillion monetization and blockchain scaling as key investment drivers.

Galaxy Digital announced a $100 million fund for early-stage crypto startups, following Paradigm’s trend.

Paradigm, a venture capital firm with a focus on cryptocurrency, has successfully raised $850 million for its third fund. This fund is a reflection of Paradigm’s ongoing dedication to the cryptocurrency industry and its early-stage projects.

Paradigm Raises $850 MillionParadigm has raised $850M for its third fund, focusing on crypto projects at the earliest stage. pic.twitter.com/Bk97U7KBxF

— Fundraising Digest (@CryptoRank_VCs) June 13, 2024

Paradigm has made it clear that it believes that cryptocurrency represents a major shift in both technology and the economy as demonstrated by the scaling of blockchains such as Solana and Ethereum and Bitcoin monetization to over $1 trillion.

Paradigm discussed the possibility of raising between $750 million and $850 million with investors earlier in the year. Achieving the higher end of this range signifies a rebound in the crypto market. As an outcome, Paradigm’s fund is currently among the largest since the market’s most recent period of decline. This achievement demonstrates the revived interest in the cryptocurrency market among investors.

According to Paradigm co-founder Matt Huang, it is of greater importance than ever to accelerate the cryptocurrency industry’s positive future. He stressed that Paradigm plays the role of both builders and investors which shows their dedication to influencing the course of the cryptocurrency industry.

This year has seen major announcements of funding for the cryptocurrency industry from a number of venture capital firms. Galaxy Digital, for instance, introduced Galaxy Ventures Fund I, LP, a $100 million fund, in April.

Over the course of the next three years, this fund will provide seed funding to 30 crypto startups that show potential in their early stages. These actions point to a larger pattern of heavy investment in the cryptocurrency market.

Following the successful raise of $850 million third fund, Paradigm continues to demonstrate its faith in the future of the cryptocurrency industry. As cryptocurrency continues to gain traction in global economies, large funds are increasingly putting their emphasis on early-stage projects. With more venture capital firms following suit, the cryptocurrency industry is expected to continue growing and innovating. 

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The post Paradigm Secures $850 Million for Ambitious Crypto Ventures: Targeting Early-Stage Projects to Drive Industry Growth appeared first on Crypto News Land.

GMC surged 6,300% with a $310.3M market cap, driven by concentrated liquidity and high volatility.

RMP mimics meme token success, up 46,400% with $215M cap, notable for rapid growth.

BOOTY, inspired by Kim Kardashian, soared 23,400% with a $564.5M cap, attracting investor attention.

On days when the crypto market consolidates and Bitcoin (BTC) climbs in response to positive US economic data, big altcoins typically surge. In these circumstances, astute traders shift their attention to the day’s greatest crypto gains and use tools like DEXScreener to identify major movers in the on-chain market. Here are three of them.

Game Paint (GMC)

Game Cat (GMC) increased by 6,300% in the last 24 hours, according to DEXScreener. This token’s market capitalization has hit $310.3 million. Keith Gill impacted the popular GameStop stock, and the token appears to be following in his footsteps. However, traders should exercise extreme caution while dealing with this token.

The market capitalization swiftly surpassed $300 million, with only 529 investors and two liquidity providers controlling 99% of the supply, signaling extreme risk. With such concentrated liquidity, the volatility of this cryptocurrency can be extremely significant. You should evaluate the dangers before investing in this token.

Roaring Muscle Pepe (RMP)

Another new Solana meme coin, Roaring Muscle Pepe (RMP), is also gaining popularity. The new token is designed to emulate Pepe’s viral enthusiasm as well as Keith Gill, the American financial analyst and investor known as Roaring Kitty.

According to DEXScreener, the price of RMP has gained 46,400% since its inception, and it currently trades with a market capitalization of over $215 million and approximately $370,000 in locked liquidity. This token drew notice for its sudden and large price growth.

Kim Kardashian (BOOTY)

A new meme money named BOOTY on the Solana blockchain, credited to the well-known Kim Kardashian, is gaining popularity. DEXScreener reports that the new meme currency has increased by more than 23,400% since its inception.

The increase has raised its market capitalization to $564.5 million, and the coin now has roughly $67,000 in locked liquidity. This token has no smart contracts or observable Go+ security issues, but that does not mean it is authentic. BOOTY piqued the interest of numerous investors due to its rapid growth.

In the rapidly evolving crypto industry, tokens like GMC, RMP, and BOOTY exemplify the dynamic nature and potential for substantial gains. As they continue to attract attention and investment, their success underscores the innovation and opportunity within decentralized finance. Investors should stay vigilant amid the volatility, yet remain optimistic about the future developments and transformative potential of these emerging assets.

Read Also

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The post Unveiling GMC, RMP, and BOOTY:  Top 3 Crypto Gainers Exploding on DEXScreener appeared first on Crypto News Land.

Cryptocurrency is taking the world by storm, offering a vast pool of digital coins filled with opportunities. With blockchain technology as your guide, investing in crypto feels like an epic treasure hunt. This decentralised financial revolution brings exciting chances for big returns, much like finding rare treasures in a video game. 

In the bustling world of crypto land, new meme coins are popping up every day, making it tough to identify the hottest investment. Lately, the investors are closely watching these three coins: Popcat, Bonk and MoonBag. While Popcat is famous for its viral appeal and Bonk for its quirky charm, MoonBag stands out as a promising choice. The MoonBag presale is exciting investors, showing impressive growth potential and positioning MoonBag as a major player, ready to take investors to new heights.

Popcat’s Market Decline Drives Investors Away

Popcat, famous for its viral appeal and fun community, has recently seen a drop in its market performance. Over the past 24 hours, POPCAT’s price has dropped by 10%, and it has fallen by 28% in the past week, indicating a challenging period for the coin. 

The bearish trend, high volatility, and instability of Popcat are causing investors to reconsider their positions and seek more stable and promising opportunities. Many are turning to MoonBag, a coin with strong potential in terms of both returns and growth, as a reliable investment. 

Bonk’s Price Drop Raises Stability Concerns and Investor Doubts

Bonk has recently experienced a significant price drop of nearly 18% over the past seven days, raising concerns about the coin’s stability. Despite indicators suggesting a potential rebound, the ongoing sell-off highlights deeper issues that may not be easily addressed.

Analysts suggest that traders’ loss of confidence has led to overselling, contributing to the price decline. This volatility and the recent sell-off create a risky environment for investors, making BONK a less attractive option in the current market landscape.

MoonBag Presale is on the Brink of Making History!

The MoonBag presale journey has been an exciting climb in value. Early investors bought MBAG coins at a very low price of $0.00002. As interest grew, the prices zoomed up. Currently, at Stage 5, one MoonBag is priced at $0.0002, showcasing its exciting potential and the buzz within its ever-growing community. Each price jump has added more thrill and anticipation for the promising journey MoonBag holds for the future.

MoonBag Staking Draws Attention with High APY 

Not only are investors eagerly anticipating the projected $1 price per MBAG coin this year, but the benefits of MoonBag staking are also receiving a lot of attention. Investors who decide to continually retain their MoonBag coins and refrain from selling them have the opportunity to enjoy a remarkable 88% APY. The appealing investment opportunity of MoonBag lies in its high annual yield and the possibility of a price surge for maximising returns. 

How to Purchase MBAG Coins?

Ready to rocket to the moon? Create a digital wallet with MetaMask or Trust Wallet and add some fuel to it. Then, go to the MoonBag website and follow the clear directions provided for purchasing your MBAG coins. Following your purchase, you can also immediately stake them in order to receive better rewards. 

The Final Verdict

Instead of investing in coins with uncertain futures like Popcat and Bonk, MoonBag presale is the way to go. MoonBag is not just a coin; it’s your rocket fuel to the moon and beyond. With an amazing monkey community, you’re ready to rock the crypto world. Buckle up and join the MoonBag journey for a thrilling ride through the crypto cosmos!

Invest in MoonBag Presale

Website: MoonBag.org  

Presale: MoonBag Presale  

Twitter: https://twitter.com/moonbag_org 

Telegram: https://t.me/moonbag_official 

The post MoonBag’s $1 Prediction Attracts Investors Away from Popcat and Bonk to Join the MoonBag Presale appeared first on Crypto News Land.

Ethereum saw $62M in long liquidations on June 11th amid a sharp price drop, highlighting significant market volatility.

Ethereum’s options market volume fell by 52%, impacting liquidity and trader confidence, with Open Interest down 2% to $15.73B.

However, Ether retains its sharpness in 2022, alt amid market headwinds that see exchanges record over $1 billion in outflows and whales amassing 240,000 ET.

Among the top acts, Ether – the second-largest altcoin – has been fluctuating sharply. The dominance of long liquidations reached $62 million by the 11th of June, the highest recording since the 23rd of May. This suggests that a short squeeze was seen, where traders who speculated on the uptrend were compelled to sell after the onset of an adverse downturn in Ethereum price. On the other hand, short liquidation was significantly low, averaging $7 for the period. 3 million increased significantly in an upward direction which indicates strong selling pressure on long-position clients.

The market activity involving Ethereum derivatives has also been significantly lower in the past six months. Specifically, the total trading volume in the altcoin’s options market fell by half, shrinking to $321 million. It might have the effect of reducing trading volumes which may consequently cause low liquidity levels whereby; participants can buy and sell volumes at particular prices.

 Further, Ethereum has pulled back in their Open Interest by 2% to $15. 73 billion. Lower levels of commodity prices paired with a decrease in Open Interest point to fewer traders entering a new position, a bet which implies that the market has low confidence. 

However, let’s take a look at some of the challenges of using Ethereum; Ethereum’s Funding Rate is still positive at 0. 0069%. A funding Rate greater than zero means there is high demand for Holds or indeed Buys, meaning that some traders believe that the price will increase in the future. This indicates that there is still hope from a group of market players in the market as they keep posting positive results.

Relatedly, a significant amount of outflows has been registered on Ethereum itself, with more than $1 billion of ETH being transferred. Even Coinbase, which has not revealed figures for outflow over the year, recently claimed to have had the largest outflow of ETH at 336 thousand with a value of about a billion. These outflows imply that investors could be withdrawing it into private wallets, possibly for accumulation or to avoid exchange volatility.

From the chart on price movements, Ethereum had its biggest daily downfall in a month on June 11th and fell by about 4%. 6 % which ranges from more than $3,600 to nearly $3,500. However, the price of the weapon has shown some improvements and has risen by more than 1% to be rounded at around $3.500. The 6-day moving average has remained a major support floor at around $3,300.

In an interesting turn of events, whale addresses have been receiving Ethereum despite the changes in its supply. The same data from Santiment pointed towards the number of addresses holding between 10,000 and 100,000 ETH, which has risen from 1,040 to 1,049. As losses mounted, these whales purchased over 240,000 ETH, which is equivalent to approximately $840 million in the present market price range. This cumulatively may demonstrate a long-term bet on the primacy of Ethereum as the ultimate value storage unit.

Read also:

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XRP Bucks Trend with $700K Inflows as Bitcoin and Ethereum See $70M+ Outflows

The post Ethereum’s Rollercoaster: Whales Accumulate Amid Volatility appeared first on Crypto News Land.

The FIT21 Act aims to establish a regulatory framework for digital assets, overseen by the CFTC.

The Act faces opposition from DeFi proponents due to its KYC provisions, seen as conflicting with DeFi’s core values.

The FIT21 Act’s future depends on Senate approval and may be influenced by the upcoming US elections.

The US Senate is showing signs of support for the FIT21 Act, which seeks to create a regulatory framework for digital assets. This legislation aims to give the Commodities Futures Trading Commission (CFTC) authority over vital aspects of regulating digital assets. 

I met with more than a dozen Dem and GOP Senators in DC over the last 48 hrs to discuss creating clear rules for the crypto industry and consumer protection for crypto users. There’s strong bi-partisan momentum to get this done in the Senate now that FIT21 has passed in the… pic.twitter.com/KWVylw1kDL

— Brian Armstrong (@brian_armstrong) June 12, 2024

Even though some people are optimistic, the FIT21 Act is facing a lot of opposition in the crypto community, especially from people who support decentralized finance (DeFi). 

The Know Your Customer (KYC) requirements of the Act goes against the principles of DeFi, which places an emphasis on personal freedom and privacy. Strict regulatory requirements threaten to weaken these principles and regulate innovation in the industry.

The CEO and founder of Uniswap, Hayden Adams, has expressed a more optimistic opinion of the FIT21 Act. Adams suggests the US government should adhere to the EU’s MiCA (Markets in Crypto-Assets) framework, which involves researching DeFi before passing extensive regulations. He claims that by taking this approach, regulations that support innovation and maintain market stability could become more balanced and informed.

The upcoming US elections may have an impact on the Act’s progress, which hangs on Senate approval. It is difficult to predict the final outcome due to the possibility of legislative delays and political shifts. The discussion surrounding the FIT21 Act highlights the necessity for a regulatory framework that strikes a balance between oversight, privacy and autonomy values of the DeFi community.

The cryptocurrency industry is currently engaged in an intense discussion over the FIT21 Act. Some, like Brian Armstrong, think it could get support from both parties, but others are worried about what it could mean for DeFi. The cryptocurrency community will be watching the legislative process and the effects of the Act  with keen interest as election season approaches. 

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The post FIT21 Act Advances in Senate, Divides Crypto Community Over Regulatory Provisions appeared first on Crypto News Land.

BTC is teetering on the verge of a significant upswing or a considerable downturn.

A significant surge to the upside is likely after BTC’s price consolidation phase is over. 

Bitcoin needs to rise above the $69,000 critical threshold for guaranteed ascension.

Bitcoin (BTC) has historically been marked by intense volatility and significant price swings. Currently, BTC is teetering on the edge of either a substantial upswing or a considerable downturn. Understanding the factors that shape BTC’s trajectory and its history can shed light on what the future holds.

Bitcoin experienced significant growth in the first quarter of the year. BTC’s price surged by 196.2% from a Sept 2023 low of $24,919 to a high of $73,805 in March 2024. 

Despite this remarkable performance, the price of BTC has been trending sideways in the last 45 days, fluctuating between $57,073 and $72,500. According to analysts, Bitcoin is trending sideways because it’s in the re-accumulation phase. 

Bitcoin Could be in the Re-accumulation Phase 

The re-accumulation phase is typically characterized by a tug-of-war between buyers and sellers, leading to price oscillations within a defined bracket.

Bitcoin has persistently tested the upper bounds of this bracket but has been rebuffed each time, with only fleeting spikes piercing the resistance.

Traditionally, Bitcoin undergoes a consolidation period of approximately 150-160 days following a halving event before it experiences a significant breakout. Considering we’re only 2 months beyond the latest halving, it’s hardly surprising that Bitcoin hasn’t soared past its range peaks yet.

#BTC The fact that Bitcoin is struggling to breakout is beneficial for the overall cycleBitcoin has never broken out this early in the Post-Halving periodIf it did, the cycle would be accelerated to such a point that the Bull Market would simply be shorter than usualThis… pic.twitter.com/cQHKWy7hPE

— Rekt Capital (@rektcapital) June 13, 2024

The Criticality of the $69,000 Threshold 

The $69,000 threshold has become a crucial front in the battle for Bitcoin’s value. Recent market movements reveal that Bitcoin’s advocates have faced difficulties in sustaining levels above this mark.

The retreat from the $69,000 mark and the ensuing fall beneath the 21-day moving average have sounded the alarm on Bitcoin’s near-term direction. At present, Bitcoin is valued at $67,142.09, having declined by 0.73% in the last 24 hours. This downward trend has extended over the past week, with the cryptocurrency diminishing by 5.94%. 

Spot Bitcoin ETFs have also not been performing as expected, reflecting BTC’s struggles. Meanwhile, the market is witnessing a surge in activity, with Bitcoin’s 24-hour trading volume reaching $31.2 billion, a jump of 89.87%.

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The post BTC Is Re-accumulating for the Golden Bull Rally, Analysts Share Insights appeared first on Crypto News Land.

JasmyCoin shows resilience with a 911% increase, highlighting its growth potential despite past volatility.

Pepe Coin capitalizes on meme coin popularity, achieving a 1209% price surge in 2024 alone.

Solana offers robust performance in DeFi, NFTs, and blockchain gaming, maintaining investor interest.

In the future, with the enhancements of the crypto market, it will gain more attention from various investors. Towards the second half of the year 2024, projections of possible astronomical earnings for any average Crypto trader are even more potent. Considering the most up-to-date information, it is possible to present several cryptocurrencies that are expected to surge in the second half of 2024.

 JasmyCoin (JASMY)

JasmyCoin (JASMY) has begun a shakey adventure in the world of cryptocurrencies. While JASMY had set its ATH of $4.99 3 years ago, it has experienced a bearish trend that is a decline of almost 99%. In this regard, it is evident that the crypto asset market is extremely unpredictable, and so the right approach to adopting a risk management strategy is vital for investors.

However, in the middle of such a less-than-upbeat trend, JASMY was able to highlight its capabilities of becoming reborn. Throughout this year, JASMY prices recorded a significant increase, namely 911%. In the last 24 hours, JASMY reached the maximum value of $0.03578, and currently, the market capitalization is $1.7 billion.

Although it is lower than its peak, one should consider the performance improvement and recognize that growing JASMY prices are a plus for everyone interested in its evolution. Nonetheless, it is important to state that the majority of the price growth may be controlled by speculative trends and market moods, and not the organic growth of the actual parameters of the project itself.

Pepe Coin (PEPE)

Amid the meme coin trend that has hit the crypto world, Pepe Coin (PEPE) has managed to steal attention with its extraordinary price growth this year. In the year-to-date (YTD) period, PEPE recorded an astonishing price increase, namely 1209%. Currently, the PEPE coin is in a slightly bearish trajectory that has declined to a rate of $0.00001207 in several days, but this coin can easily rise to $0.00003 shortly.

 Since its creation in May 2023, Pepe has been in the high percentile ranking of all other cryptocurrencies. This implies that it has equally risen by 1408.24% since the price of June 2023. Nonetheless, with a current market capitalization of $5,680m, there is still significant growth experience yet to be realized. That’s why PEPE could be one of the best cryptos to buy today.

Solana (SOL)

Solana has managed to keep the focus on the crypto audience due to the given positive indicators for this year. At the time of writing at the last 24 hours the price of Solana was $147.87 and market capitalization is extremely near to $68 billion. Nevertheless, the advancements achieved in the past few years offer opportunities for further expansion to happen shortly. The highest price of Solana (ATH) was registered at about $258.78 which means there is a possible increase of up to 38% to take the price to a new record.

The primary reason for the consideration of Solana is the fast-growing ecosystem for the creation of meme coins on top of this network. This phenomenon has stirred commensurate interest among investors, including starters and veterans in the sector.

 Solana is a platform that is characterized by high speed and has the capability of processing huge volumes of transactions at relatively cheap prices. It affects various directions of the cryptocurrency industry including decentralized finance, NFT, and all sorts of Blockchain.

JASMY, PEPE, and SOL are set to play key roles in the future crypto landscape. JasmyCoin (JASMY) shows resilience and growth potential, Pepe Coin (PEPE) thrives on the meme coin trend, and Solana (SOL) remains strong in DeFi, NFTs, and blockchain gaming. As adoption increases, these cryptocurrencies are well-positioned to benefit from rising interest and investment in digital assets.

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The post Top 3 Cryptos Set to Skyrocket: JASMY, PEPE, and SOL Poised for Massive Gains in 2024 appeared first on Crypto News Land.

Toncoin continues to gain global attention as more projects launch on its blockchain.

The Open Network (TON) has claimed a top 10 crypto in the world rank.

Amid all the on-chain bullish momentum, the price of TON is pumping steadily.

Toncoin (TON) continues to move unshaken as the crypto market swings steadily into a recovery phase. After consecutive rounds of market dips Toncoin was one of few that did not dip as much alongside NOT and JASMY.

TapSwap will launch on #TON blockchain Are you guys excited for the launch Yes or No Comment Below Follow | Repost | Like #tapswap #toncoin #notcoin pic.twitter.com/qLMwl5CyYU

— Tapswap Network (@TapswapNetwork) June 14, 2024

Presently, the price of Toncoin (TON) is once again on an upward trajectory and it looks like the pump this time is in thanks to a new project launching on the TON blockchain. As we can see from the post above, the Tapswap Network will launch on the TON blockchain. 

Could this launch be the reason behind the ongoing TON price pump? Based on responses to the post the TON community seems quite bullish as more projects launching on chain will mean more activity for the TON ecosystem. 

In detail, Tapswap is a Telegram-based game that is launching on The Open Network (TON). After the roaring success of Notcoin and the ongoing Hamster Kombat hype, Tapswap and Yescoin are set to make their debut next.

In particular, how Tapcswap works is users will tap a golden coin on their smartphones through the Telegram mini game and earn in-game coins for enhancements and upgrades. The project claims about 50 million players.

No doubt Toncoin became one of the most popular altcoins this cycle and the fruits of all the on-chain building for The Open Network has finally come to light this year. Most importantly, the asset has taken the top 10 crypto rank bringing global recognition for the crypto. 

According to CoinMarketCap, the price of TON stands at $7.83 which is up by 3.5% over the last 24 hours, and over by 22.2% over the last two weeks. Currently, it boasts a market cap of $19,049,248,797 and a 24 hour trading volume of $526,693,153.  

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The post TON Price Pumps as Tapswap Network Announces its Imminent Launch on The Open Network appeared first on Crypto News Land.

What makes a cryptocurrency truly valuable? Given the constantly evolving environment, people are always in search of those promising coins that can generate profit and provide utility. However, meme coins, for instance, have been popularized because of their massive potential returns. The leaders in this bracket include MoonBag, Hedera, and Arweave. Let us consider these three cryptocurrencies, which will help us comprehend why MoonBag is the most acceptable investment option.

MoonBag is rapidly gaining popularity in the crypto community. Having raised over $2 million in its presale in just one month, MoonBag is positioned to be one of the best meme coin presales in the market. The current MoonBag presale offers MBAG coins at a meagre price of $0.0002 each, an opportunity expected to increase dramatically. Speculation about a potential Coinbase listing adds to its appeal, making it a hot topic among early investors. Critical features of MoonBag include strategic token burns, strong community backing, and attractive staking rewards with an 88% APY on Staking with MBAG.

Hedera: Latest Developments and Market Position

Hedera Hashgraph is renowned for its unique consensus algorithm, ensuring high performance and security. Its enterprise-focused solutions have attracted notable partnerships with leading corporations. Recent advancements include scalability and integration with decentralised finance (DeFi) applications.

Hedera’s strategy emphasises creating a stable and scalable platform for enterprise solutions. While it offers long-term growth potential, it needs more immediate high returns and competitive staking rewards that MoonBag provides, making it less appealing for those looking for quick gains.

Arweave: Innovations and Ecosystem Expansion

Arweave is making strides with its innovative approach to decentralised storage. Recent developments include partnerships and initiatives to expand its ecosystem and practical applications. Arweave’s focus on data permanence has garnered strong support from the tech community.

Arweave’s strategy revolves around providing a robust decentralised storage network. While it offers a unique solution with long-term potential, it does not match MoonBag’s immediate high returns and staking incentives. For investors seeking quick profits, MoonBag’s offerings are more compelling.

MoonBag Presale Fires its Way to the Moon

MoonBag’s launch strategy is well-planned to ensure solid liquidity, with a total allocation of $3.5 million. The liquidity will be distributed in six phases, starting with $1 million on launch day to create a stable trading environment. The remaining $2.5 million will be introduced incrementally in five stages of $500,000 each. All additional liquidity post-launch will be used for a buyback and burn strategy for price stabilisation and sustainable growth. This approach increases coin scarcity and boosts investor confidence, creating a positive price trajectory.

The presale’s success and the buzz about potential primary exchange listings make MoonBag a promising investment. MoonBag’s strategic token burns are crucial to its value proposition. Each burn reduces the supply of MBAG coins, enhancing scarcity and driving up demand. This strategy stabilizes the price and encourages long-term holding among investors. With robust community support, MoonBag is well-positioned for substantial growth and stability.

How to Buy MoonBag Coins

To join the MoonBag presale, follow these steps:

Visit the MoonBag presale page

Sign up or log in.

Deposit USDT to purchase MBAG coins.

Complete the purchase and start earning MoonBag staking rewards.

Conclusion

Each cryptocurrency offers unique features and benefits, but the MoonBag presale has something to offer. With strategic token burns, a strong community, and significant staking rewards, the MoonBag coin is poised to make a substantial impact. Early investment in MoonBag offers an opportunity for impressive returns and long-term growth.

Invest in MoonBag Presale 

Website: MoonBag.org

Presale: MoonBag Presale

Telegram: https://t.me/moonbag_official

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Argentine authorities are intensifying scrutiny on Worldcoin (WDC) token resellers, aiming to regulate and tax these activities to mitigate potential risks.

High commissions and cash exchanges for Worldcoin (WDC) tokens in Argentina are drawing regulatory attention amid concerns over financial compliance and tax liabilities.

Regulatory efforts targeting Worldcoin (WDC) resellers in Argentina could set a precedent for other nations grappling with cryptocurrency trading challenges.

Argentine authorities are taking steps to regulate third-party resellers of Worldcoin (WDC) tokens, as scrutiny of the project intensifies within the country. Worldcoin, a cryptocurrency venture aiming to establish a global digital identity system via iris scans, has encountered increased regulatory obstacles worldwide due to concerns over data privacy and collection practices.

The lack of clear regulations surrounding the resale of WDC tokens has created ambiguity that regulators are now looking to address. The reselling of tokens, primarily in exchange for cash, has become a lucrative activity among Argentinians eager to monetize their holdings.

According to several sources, some of the resellers even take up to half of the value of the tokens users want to exchange for fiat money and tend to work hand in hand with the so-called ‘colors’, who are willing to stand in lines for iris-scanning centers of Worldcoin. Such activities have attracted the attention of regulators being National Securities Commission (CNV) and the Federal Administration of Public Revenues (AFIP).

Now, these transactions per se are not unlawful but under Argentina laws, they would attract levies if they are considered a fraction of an illicit economic activity. Since many numbers of users participate in these types of resale activities, these officials have tried to ascertain if such people have any tax responsibilities to fulfill with such sales.

It is important to note that CNV may swoop in if it has some impression that the resellers were running unauthorized ‘crypto exchanges,’ in which case they will be hit with the local financial regulations. This regulatory scrutiny can be aligned with the deepening concerns shared within Argentina’s robust crypto community with open token trading, especially its effect on the country’s financial system.

The result therefore of these interventions could ultimately determine the fortune of Worldcoin in Argentina and shape the part for other countries dealing with such regulatory concerns. The cryptocurrency community is attentively watching such changes as they occur, as the nature of the earlier-mentioned revelations will probably determine the project’s future world development strategy.

It also sheds the nervousness, that governments across the globe are trying to achieve to support decentralized Blockchain technology but avoid being immature in checking random cryptocurrency issues. The measure of regulating the resellers of Worldcoin in Argentina is an important stage that will dictate the further developments in the organization of digital asset turnover in the given state.

Read also:

Worldcoin’s Orb Verification Skyrockets in Argentina: A Single-Day Record of 9,500 Users

Worldcoin’s Eye-Scanning Innovation: Navigating the Maze of Global Investigations and Privacy Concerns

XRP Pro Lawyer and On-Chain Analytics CEO Pin WorldCoin as Red Flag Investment

Worldcoin Pauses World ID in Kenya as Regulators Express Concern

Worldcoin to Offer User ID Database to Companies, Governments

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