Billionaire Chamath Palihapitiya Says Bitcoin Is the Future, Calls BTC the ‘Resounding Inflation Hedge’ Asset
Billionaire venture capitalist Chamath Palihapitiya says Bitcoin (BTC) is cementing its role as the ultimate asset that protects investor capital against inflation.
In a new episode of the All-In Podcast, the Social Capital CEO and early Bitcoin investor says BTC is positioned to usurp gold as the top inflation hedge.
Elon Musk Teases Dogecoin as Payment Option on X After Brazil’s Platform Restrictions
Elon Musk, CEO of X (formerly Twitter), has sparked renewed interest in Dogecoin (DOGE) after hinting at its potential use as a payment option on his social media platform. This comes in the wake of Brazil’s decision to restrict X over the company’s ongoing legal disputes with the country’s authorities.
Will Bitcoin Eat Everything Else? Jurrien Timmer Doesn’t See BTC Priced in Millions of Dollars – Here’s Why
Fidelity Investments’ global macro director Jurrien Timmer predicts that Bitcoin (BTC) will never reach millions of dollars in value for one key reason.
In a new interview with Scott Melker, Timmer says that Bitcoin will not hit the astronomical seven-figure price because investors tend to value assets against other assets.
Trader earned $650,000 on Memecoins in just 12 minutes with Gotbit DEX Manager
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
Kraken Co-Founder Jesse Powell Donates $1 Million In Crypto To Trump’s Re-Election Campaign
Jesse Powell, the co-founder of crypto exchange Kraken, has announced on X that he has personally contributed $1 million, mostly in Ethereum (ETH), to Donald Trump’s presidential campaign. The donation marks a watershed moment in the crypto community’s engagement with US electoral politics.
Powell joins the Winklevoss twins, co-founders of the Gemini exchange, in helping fund Trump’s re-election bid.
Jesse Powell Calls Trump ‘The Only Pro-Crypto Major Party Candidate’On May 21, Trump’s presidential campaign launched a fundraising page enabling crypto donations via Coinbase Commerce, in compliance with federal regulations. Kraken’s Jesse Powell has become the latest big-name crypto executive to donate to the Republican presidential hopeful. According to Powell, Trump is the only major party candidate with a pro-crypto view.
“I am excited to join other leaders from our community to unite behind the only pro-crypto major party candidate in the 2024 Presidential election so the United States can continue to remain a leader in blockchain technology,” he wrote on X (aka Twitter).
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Investment Firm Paradigm Leads $225,000,000 Raise for New Layer-1 Blockchain Monad
A new layer-1 (L1) Ethereum Virtual Machine (EVM) compatible blockchain is raising hundreds of millions of dollars in funding.
According to a new announcement from Monad Labs, the Monad blockchain, a new EVM-compatible L1, aims to increase EVM-based transactions per second (TPS).
“The EVM is the ubiquitous standard of web3; over 96% of all capital in DeFi (decentralized finance) is in EVM apps. In spite of this, EVM-compatible blockchains have extremely low throughput: Ethereum supports roughly 10 transactions per second (TPS), and no EVM rollup is over 50 tps.”
Ethereum Layer-2 Transaction Volumes Skyrocket in First Two Months of 2024, Says Analytics Firm IntoTheBlock
Ethereum (ETH) layer-2 projects are on the rise, according to the crypto analytics firm IntoTheBlock.
IntoTheBlock notes that Ethereum L2s have seen a 91% surge in transaction volumes since the beginning of 2024.
Crypto Lender Abra to Return Assets to Texas Investors
Following regulatory scrutiny, crypto lender Abra has agreed to a settlement. The settlement, which focuses on Abra’s alleged unregistered securities offerings, will see the company returning assets to Texan investors.
Abra Agrees to Refund Texas Investors in Settlement Over Crypto OfferingsThe Texas State Securities Board (TSSB) has reached a settlement in principle with crypto lender Abra, following allegations of unregistered securities offerings. As per the agreement, Abra will return assets to Texan investors, with an opportunity for other U.S. clients to reclaim their investments.
Securities Commissioner Travis J. Iles announced the settlement, highlighting the resolution of concerns regarding Abra’s interest-bearing cryptocurrency products, Abra Boost and Abra Earn. The enforcement actions, led by the Texas State Securities Board’s Enforcement Director Joe Rotunda, accused Abra and its affiliates of offering these products without proper registration, potentially putting investors at risk.
Grayscale ‘Constructively Engaging’ With SEC on Spot Bitcoin ETF, Says CEO
Crypto asset manager Grayscale Investments is “constructively engaging” with the U.S. Securities and Exchange Commission (SEC) regarding its application to convert its flagship bitcoin trust into a spot bitcoin exchange-traded fund (ETF), says CEO Michael Sonnenshein. The executive believes that Grayscale has “a really nice advantage” over other spot bitcoin ETF applicants.
Grayscale ‘Constructively Engaging’ With SECGrayscale Investments CEO Michael Sonnenshein discussed his company’s plan to convert its flagship bitcoin trust (GBTC) into a spot bitcoin exchange-traded fund (ETF) in an interview with Bloomberg at DC Fintech Week on Wednesday. The SEC originally rejected the crypto asset manager’s spot bitcoin ETF application. However, a court recently ordered the securities regulator to reevaluate the company’s application.
“A couple months ago, a decision did come out of the D.C. Circuit that did vacate the SEC’s denial of the GBTC uplisting to a spot Bitcoin ETF on the New York Stock Exchange. We really respected and continue to respect the court process,” the Grayscale CEO described.
ZTX to Build 3D Universe Atop the Arbitrum Blockchain
Crypto and fintech firm ZTX has stated it’s looking to build a new 3D virtual world atop the Arbitrum blockchain, which accounts for more than 60 percent of ETH’s Layer-2 market share.
ZTX and Arbitrum… The Perfect Match?ZTX has said in this new virtual world, users can enjoy games, social interactions, and hold stakes in both economic and government activities while establishing and selling digital assets. ZTX is also a joint initiative between companies Jump Crypto and Zepeto. Saurabh Sharma – head of investments at Jump Crypto – mentioned in an interview:
The strengths, expertise, and successful track record of ZTX are why we partnered with them to spearhead multichain metaverse development in blockchain, and we are excited about this partnership and the amazing metaverse capabilities and functionalities that are yet to come, starting with this unique new mint.
Jack Dorsey’s Block Bitcoin Wallet Announces Support For Coinbase And CashApp As It Rolls Out Beta Version
Block’s self-custody Bitcoin wallet, Bitkey, will integrate Coinbase and CashApp, making it seamless for users to trade their assets. The company also plans to partner with Coinbase One to enable users to convert their assets to fiat later this year.Jack Dorsey’s Bitcoin investments, from mining to self-custody, have been hailed as a shining light to be emulated by other BTC executives.The general public will be able to take part in the beta test of Bitkey in a few weeks according to Block, its parent company striking the excitement of users.
Jack Dorsey’s payment company Block has announced a special integration of CashApp and leading US digital asset exchange Coinbase on its self-custody wallet, Bitkey. This new feature will let users withdraw from their wallets in both Coinbase and CashApp directly from Bitkey.
Brazil Village Centers Itself Around Bitcoin Payments
A group of business owners have gathered in Brazil to create a new economic center to accept bitcoin as a form of payment.
Bitcoin Is Getting Bigger in BrazilKnown as the Praia Bitcoin project, the engagement is designed to set a world record for peer-to-peer transactions on the Lightning Network, which as we reported earlier today, is now being integrated into Coinbase, one of the largest and most prominent digital currency exchanges in the world. In under three and a half minutes, more than 70 separate BTC transactions occurred, thus setting the time for the shortest period in the crypto history books.
Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums
On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold at premiums. Tether reached a high of $1.04 per unit and BUSD rose to $1.03 per coin during the morning trading sessions (ET).
Small Handful of Stablecoin Assets Trade for Premiums as USDC Closes $1 Parity Gap
The new big memcoin on SunPump is gaining momentum
ADDICT is a token that impressed the users of SunPump with its narrative and conceptual art and broke into the top Ranking. It is enough just to look at the website, Telegram or Twitter of this project and it becomes clear that we are facing a very unorthodox player in the world of one-type pictures with dogs.
The token page on SunPump: https://sunpump.meme/token/TU25NpvYnW9YKQSD15yWJQEh9ov1NJrTEU
rWintermute develops an analog of Gotbit DEX Manager
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
Gotbit has opened up free access to its DEX Manager
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Crypto Analyst Says One Ethereum Rival Is Extremely Undervalued, Maps Path Forward for Bitcoin and Chainlink
A widely followed crypto analyst and trader believes that one Ethereum (ETH) rival is well below fair market value.
Crypto trader Michaël van de Poppe tells his 722,500 followers on the social media platform X that layer-2 scaling solution Polkadot (DOT) could follow ETH’s upward trend.
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
They Don’t Want You to Know About Xera Pro…But We’re Telling You Anyway!
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XRP Price Analysis: Bulls Aim For Rally To $0.75
XRP price is consolidating above $0.60 against the US Dollar, like Bitcoin. It must stay above the $0.600 support to continue higher in the near term.
XRP Price AnalysisAfter forming a base above the $0.5650 level, XRP price started a fresh increase against the US Dollar. The XRP/USD pair broke the $0.580 and $0.600 resistance levels to enter a positive zone.
There was a break above a key bearish trend line with resistance at $0.60 on the 4-hour chart of the XRP/USD pair. The pair even cleared the 50% Fib retracement level of the downward wave from the $0.6625 swing high to the $0.5623 low.
De.Fi Announces DEFI Airdrop Season One Prior to the Token Launch
January 25, 2024 – Dubai, United Arab Emirates
De.Fi, the largest Web 3.0 super app whose DEFI token launch is coming, announced airdrop season one.De.Fi reached new heights with the resounding success of the $10 million public token sale in 2023, securing a total of $17 million in funding.
Additionally, the team launched the $100,000 community quest and introduced the expanded features within the SocialFi platform.
Bitget Announces Exclusive Initial Listing Of OVAL3 (“OVL3”)
The first Rugby Web3 game token in history, OVAL3 (“OVL3”), has made its exclusive debut listing on Bitget, the top cryptocurrency exchange and Web3 company in the world. This is a significant development in Bitget’s ongoing effort to offer innovative and ground-breaking initiatives on its platform.
At the nexus of digital entertainment and sports, OVL3 provides gamers with a cutting-edge gaming experience. Within an all-encompassing virtual rugby world, it presents players with a whole new level of official digital card collection, gameplay, and victory.
Uptober Price Boom: Bitcoin Blasts Through $28,000 After US Narrowly Dodges Government Shutdown
Bitcoin and the broader crypto market kicked off the new month of October and the new week with bullish momentum. The pioneer cryptocurrency broke past $28,000 for the first time since mid-August in a surprising rally on Sunday evening. The price spike coincided with the U.S. government preventing a shutdown at the last minute.
BTC’s Rally Past $28K Bolsters OptimismBitcoin greeted “Uptober” in style, with its price hitting a two-month high.
The world’s largest cryptocurrency by market cap peaked at $28,454 on CoinGecko on Monday morning before falling back to its current price of just around $28,300. This is the highest the BTC price has been since August 17. The bullish move coincided with the short liquidations, suggesting that a short squeeze in the crypto futures market may have triggered the BTC surge.
Selling Pressure On ADA, SOL, MATIC Sees Ease After Robinhood Delisting Amidst SEC Allegations
In recent weeks, the Securities and Exchange Commission (SEC) alleged that several tokens, including Cardano (ADA), Polygon (MATIC), and Solana (SOL), are being sold on cryptocurrency exchanges which aren’t authorized to do so. However, the organizations that support these cryptocurrencies have rejected the SEC’s claims. These tokens were cited as examples of securities being issued and traded on Binance and Coinbase without adhering to the requirements in the SEC’s actions against these companies.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Conflux To Bring Uniswap Version Three and Curve to China’s Public Blockchain
April 14, 2023 – Toronto, Canada
Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap version three on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX.This proposal comes after Binance’s announcement that it will support Conflux Network’s (CFX) mainnet integration.
The hope is to attract more initiatives, establish liquidity pools to facilitate the exchange of CFX tokens and implement incentives that promote liquidity, ultimately increasing the network’s worth and usage.
B of A: Coinbase Will Have a Tough Time in 2023
Despite a recent hike in its stock price, Coinbase is allegedly scheduled to underperform in 2023 according to a new report issued by Bank of America. The financial conglomerate says the company’s stock – which is presently trading for about $50 a pop – could fall as low as $35 in the coming weeks.
Coinbase Keeps Hitting BarricadesStrategists wrote in their report:
With the crypto outlook for 2023 murky at best (as evidenced by COIN’s second round of job cuts announced yesterday), we lower our 2023 revenue estimates for COIN even further below Street… This lower volume forecast drives five percent/three percent reductions in our ’23 transaction revs/total net revs to $1,264M/$2,253M, which are now 32 percent/24 percent below Street.
