Bitget Lists Jupiter (JUP) in DeFi and Solana Ecosystem Zone

Victoria, Seychelles, January 31st, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, announced the listing of Jupiter (JUP) in the Innovation, DeFi and Solana Ecosystem Zone. Jupiter is the leading DeFi dApp on Solana, serving as Solana’s primary liquidity infrastructure and facilitating over 80% of the total retail liquidity movement. It seamlessly integrates with the majority of protocols within the Solana network.

As one of the industry’s most advanced swap aggregation engines, Jupiter excels in delivering essential liquidity infrastructure for the Solana ecosystem. In addition to its vital role, Jupiter actively expands its DeFi product offerings, providing users with a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.

Gracy Chen, the Managing Director of Bitget, stated, “Bitget seeks a good way to support the development of different blockchains and ecosystems. The listing of Jupiter showcases the innovative potential and support for the crypto ecosystem and aligns with our commitment to offering our users access to cutting-edge projects. We aim to create a Spot Market with rich choices and excellent quality projects.”

With an unwavering focus on user satisfaction, Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. By listing Jupiter, Bitget aims to provide its users with opportunities to invest in popular and valuable projects. The platform actively expands the variety of digital assets in its spot market, with over 350 new listings added in 2023.

Furthermore, Bitget Wallet supports over 100 mainnets and offers access to more than 250,000 tokens. Its on-chain trading function, Bitget Swap, enables seamless cross-chain trading between nearly 30 mainnets. By providing a comprehensive trading experience, Bitget ensures accessibility and convenience for traders.

For more information, please visit: https://www.bitget.com/support/articles/12560603804632

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

• Website
• Twitter
• Telegram
• LinkedIn
• Discord
• Bitget Wallet

 

Contact

Rachel Cheung
media@bitget.com

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Unlocking Bitcoin’s Potential: Introducing Merlin Chain, a Native L2 Solution

NewYork, United States, January 31st, 2024, Chainwire

This week, the much-anticipated Bitcoin L2 solution Merlin Chain went live on its testnet, while its mainnet is scheduled to be launching within a month as well.

Bitcoin’s Network Congestion Dilemma and Scaling Solutions

The evolution of Ordinals over the past year has brought the attention back to the Bitcoin ecosystem after a long period. While enhancing the excitement of the bitcoin ecosystem, it has also increased the exhaustion of network resources. The increasingly high cost of transactions, coupled with the rising price of Bitcoin itself, has added further congestion to the network and discouraged new users from becoming interested in Bitcoin.

(Bitcoin Daily Average Transaction Fee $: YCharts)

The idea of developing an EVM-compatible L2 network has been recognized as the one that would deliver the results first due to the simpleness of its implementation path.

Merlin Chain is also one of the EVM-compatible L2 chains, being developed by Bitmap Tech (formerly Recursiverse) , the team that built BRC-420 protocols and Bitmap.game, and is highly valued by the community due to the team’s past successes.

BRC-420

The BRC-420 protocol supports the combination/recursion of any file format to form a more complex inscription. Whether it’s a character image, a game script, a virtual machine or an AI model, it can become an asset on Bitcoin.

Its core asset, the Blue Box, has risen from an inscription cost of $0.15 to an ATH floor price of $26,000, and other assets such as Mineral and This Song About NFTs are among the most actively traded assets on the OKX market. It now has 1000+ developers and 600+ collections, and has been an excellent performer even during the bear market, the price only going up and never falling.

Bitmap.Game

Bitmap.Game is a fully on-chain, fully decentralized, fair-launch metaverse project. It is based on the Digital Matter Theory that underlies Bitcoin, and is open-sourced so that it can be run or verified by any client, reflecting the concept of “client agnosticism” in fully onchain games.

During this time, Bitmap’s market capitalization has risen from $3 million to a ATH of $290 million. With more than 30,000 holders, Bitmap has surpassed the Sandbox as the metaverse asset with the highest number of holders across all blockchains.

Unlocking Bitcoin’s Potential Through Innovative Magic

Merlin Chain believes that L2 of Bitcoin should not just be about transferring money inexpensively, or just about being able to have the DApps, but should be about further innovating to unlock the potential of Bitcoin through its native assets, users and protocols.

For example, as Bitmap is a completely decentralized asset, how to make games based on it, so that Bitmap users can enter various meta-universes at a low cost; or for the DeFi protocols based on BRC-420, how to give two-way empowerment to NFT and FT; and for minting inscriptions, how to mint L1 assets on L2 in a more cost-effective and flexible way. Only these “Bitcoin-native” innovations can continue to empower the ecosystem, rather than replicating the way Ethereum works.

So far, Merlin Chain has built a powerful DApp ecosystem, the liquidity concerns have been effectively addressed, and is planning for further expansion.

Leveraging ZK-Rollup for Efficient and Secure Scaling

The diverse ecosystem and assets also imply higher throughput requirements and some safety risks. To solve this problem, Merlin Chain has adopted ZK-Rollup which enables the compression of a large number of transaction proofs into a simple check-sum to improve transaction efficiency and scalability.

The sequencer nodes on Merlin Chain are responsible for collecting and batching transactions, generating compressed transaction data, ZK state roots, and proofs via zkEVM. The compressed transaction data and ZK Proofs are then uploaded via the decentralized Oracle network to the taproot on Bitcoin L1, which is available to the entire network to ensure transparency and security.

The decentralized Oracle network nodes will be required to stake $BTC to prevent improper activities. Users can initiate challenges to the ZK-Rollup based on compressed data, ZK state roots, and ZK Proof. Successful challenges result in a rollback to the last verified state, and the forfeiture of the Oracle node’s locked $BTC, ensuring the system’s security and trustworthiness.

Through the integration of these technologies, Merlin Chain has shown its superior technical capabilities and is on track to build an efficient, secure, and native Bitcoin L2 solution.

Native Integration – Merlin Chain’s Bitcoin-Centric Approach

Compared to other Bitcoin L2s that are making attempts at the moment, one of the key features of Merlin Chain is that it is “Bitcoin Native”.

As a strong believer in Bitcoin for many years, Merlin Chain is extremely committed to the development of the Bitcoin ecosystem, and seeks to bring more users and assets to Bitcoin through their work, rather than serving other ecosystems in the name of Bitcoin. As such, Merlin Chain places a high value on the native bitcoin nature of its ecosystem’s projects and users.

Merlin Chain supports bitcoin-native wallets. Empowered by the Particle Network’s account abstraction, users can use their bitcoin wallets to seamlessly switch between L1 and L2 . Users can also experience $BTC swaps with other tokens, such as stablecoins, at any time without having to switch to an EVM wallet.

In addition, Merlin Chain will support most of the major protocols on Bitcoin L1, including, but not limited to, BRC-20, Bitmap, BRC-420, Atomicals, SRC20, and Pipe. All inscriptions on L1 will be automatically whitelisted by Merlin Chain, allowing users to safely and affordably trade on it.

In line with its pursuit of “Bitcoin Native”, Merlin Chain plans to adopt BRC-20 as its governance token. This makes a lot more sense than other Bitcoin L2s that are currently using Ethereum standard tokens as governance tokens. The token will be released through a fair launch, with the exception of a small portion that will be distributed to VCs and the team, which will be given a 48-month release period that will not start within two years, demonstrating the team’s and investors’ confidence in Merlin Chain.

Bridging the Gap – Simplifying Bitcoin Adoption and Fuel Growth

Another tricky issue for the builders in the Bitcoin ecosystem is the lack of new users and new money coming in. While the Ordinals things have continued to be on fire, the number of active address has not seen significant growth. It is just the same group of people involved in different projects. A very fundamental reason for this is the complexity of Bitcoin. As well as the need to download a Bitcoin wallet, inscribing is also not very easy to understand, and users will need to spend at least two blocks of their time inscribing, as well as three blocks of their time for confirmation, which is complicated and time-consuming.

(Daily Active Bitcoin Address: Glassnode)

Merlin Chain will solve this problem. Currently, Merlin Chain has been connected to 40 Ethereum chains, so for those users who are not familiar with Bitcoin, they can use their familiar wallets, such as MetaMask, and their familiar assets, such as stablecoins, $ETH, $BNB, etc. to interact on Merlin Chain. Users don’t need to know the principles behind Bitcoin, or even what BRC-20 and Atomicals are, before they can experience Bitcoin in its native manner in their familiar way.

For this purpose, Merlin Chain is going to integrate the first multi-chain inscription DApp, which will allow users to inscribe assets on other layers, including Bitcoin L1, on Merlin Chain. It will only take one block to wait for. At the same time, a launchpad will also be available on Merlin Chain, with a mechanism that allows every inscription launched on it to be valued at 100,000 FDV, allowing more users to easily purchase assets such as the BRC-20/ BRC-420/ Atomicals/ Runes at a very low price. Additionally, as part of its commitment to decentralization, Merlin Chain is going to release most of its governance tokens to the community.

Users can stay tuned for the upcoming mainnet launch – the future of Bitcoin is about to unfold with Merlin Chain at the helm.

About Merlin Chain

Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. Merlin Chain is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chainis a subsidiary product line of Bitmap Tech, 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.

Users can start following Merlin Chain’s Twitter for more updates.

 

Contact

Jeff
Merlin Chain
bitmap@bitmap.tech

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Binance lists Jupiter (JUP) amidst soaring MMTR pre-sale

• Binance lists Jupiter (JUP) for trading, sparking a 57% price surge.
• Memeinator’s MMTR token presale sees remarkable success, raising over $4 million.
• DeFi projects like Jupiter and Memeinator shape the future of cryptocurrency.

The latest developments in the cryptocurrency market have sparked excitement among investors as Binance announces the listing of Jupiter (JUP) while Memeinator (MMTR) showcases remarkable progress through its presale stages.

Let’s delve into the details of these significant milestones shaping the DeFi landscape.

JUP token Airdrop

Jupiter, operating on the Solana blockchain, has garnered attention for its multifaceted approach to decentralized finance (DeFi) since it was launched in October 2021. The protocol touts itself as Solana’s first on-chain swap aggregator and it offers a range of services including decentralized exchange aggregation, advanced trading options, and investment strategies such as Dollar-Cost Averaging (DCA).

Jupiter’s aggregator runs for free, but Jupiter charges fees on dollar-cost averaging (DCA) orders, perpetual swaps and limit orders on its exchange.

According to Dune Analytics, Jupiter handles roughly 65% of Solana DEX volume with a peak witnessed in November last year where it saw $16 billion up from $946 million in September and $3.9 billion in October.

In an exciting turn of events, Jupiter recently announced that it would launch its native JUP token on January 31 which will be accompanied by a community airdrop, opening up opportunities for nearly a million Solana wallets.

The JUP token airdrop comes on the heels of multiple other Solana ecosystem airdrops that played into a late 2023 Solana bull run and is poised to be one of the largest in 2024, reflecting the growing interest in the DeFi space.

Binance listing sends Jupiter (JUP) soaring

Binance, one of the leading cryptocurrency exchanges, has recently announced its decision to list Jupiter (JUP) for trading.

With the airdrop claim scheduled to commence, users can anticipate the listing of JUP on Binance Spot, with trading pairs including JUP/USDT, JUP/FDUSD, and JUP/TRY. Moreover, Binance will introduce the JUP/USDT trading pair on Isolated Margin, enhancing accessibility for traders seeking leverage trading opportunities.

The JUP price plateaued amid a shift in the spotlight to the approval of bitcoin ETFs in the US last week. However, the listing and token launch announcements have catalyzed a surge in JUP’s price, soaring by over 57 % in the last 24 hours. This remarkable growth underscores investor confidence in Jupiter’s capabilities and potential for further expansion within the DeFi ecosystem.

As Jupiter continues to innovate and solidify its position within the Solana blockchain, it remains a token of interest for both seasoned investors and newcomers alike.

Memeinator (MMTR) presale success

Memeinator, another standout project in the cryptocurrency sphere, has unveiled impressive success during its presale stages. Positioned as the ultimate meme coin, Memeinator leverages AI technology and powerful marketing strategies to dominate the market.

With a clear mission to eradicate subpar memes, Memeinator aims to achieve a $1 billion market cap while introducing innovative products like the Memescanner and the Memeinator Game.

Memeinator’s tokenomics are designed to foster a vibrant ecosystem, with the MMTR token serving as the primary medium for transactions and access to premium features.

Throughout its presale stages, Memeinator has demonstrated resilience and growth, with over $4 million raised and substantial community engagement. Investors can anticipate further developments as Memeinator prepares for its official launch and subsequent listing on multiple exchanges.

To participate in the MMTR presale, visit the official Memeinator presale website. The MMTR token is going for $0.0197 in the current presale stage and the price is expected to rise to $0.0208 in the next stage.

Closing thoughts

As Jupiter (JUP) garners attention with its Binance listing and Memeinator (MMTR) showcases remarkable progress through its presale stages, the cryptocurrency market continues to evolve and expand.

These developments underscore the growing significance of DeFi projects like Jupiter and innovative ventures like Memeinator in shaping the future of finance. With exciting opportunities on the horizon, investors are poised to witness the next chapter in the evolution of decentralized finance.

The post Binance lists Jupiter (JUP) amidst soaring MMTR pre-sale appeared first on CoinJournal.

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Bitget Lists API3 (API3) in Innovation Zone and DeFi Zone

Victoria, Seychelles, January 30th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, announces the listing of API3 (API3) in Innovation Zone and DeFi Zone, reinforcing its commitment to providing cutting-edge opportunities to users. This strategic move signals Bitget’s dedication to supporting the development of diverse blockchains and ecosystems while enhancing its market offerings.

API3 addresses a critical challenge in the blockchain industry: the reliable and seamless access of smart contracts to essential real-world data. The platform aims to facilitate the creation, management, and monetization of decentralized versions of APIs on a large scale. As blockchain technology continues to permeate various sectors, ranging from decentralized finance to supply chain management, the necessity for smart contracts to deliver timely and dependable real-world data has become increasingly paramount.

With its unveiling in September 2020, the whitepaper for API3 shed light on a fundamental issue plaguing current APIs: connectivity. Presently, smart contracts lack a direct pathway to connect with APIs for the latest data, leading to an upsurge in the demand for oracles.

Gracy Chen, Managing Director of Bitget states, “Bitget seeks a good way to support the development of different blockchains and ecosystems. This project showcases the innovative potential and support for the crypto ecosystem, aligning with our commitment to offering our users access to cutting-edge projects. We aim to create a Spot Market with rich choices and excellent quality projects.”

In recent years, Bitget has consistently broadened its market reach, excelling in both spot and derivatives trading among centralized exchanges. The platform remains steadfast in its efforts to foster investment opportunities, aiming to enrich the diversity of digital assets in its spot market.

Notably, in 2023 alone, Bitget introduced over 350 new listings, demonstrating its dedication to expanding user choices. Moreover, Bitget Wallet accommodates over 100 mainnets and supports a vast array of 250,000+ tokens.

Through its on-chain trading function, Bitget Swap, users can seamlessly engage in cross-chain trading across nearly 30 mainnets.

For more information, please visit: https://www.bitget.com/support/articles/12560603804648

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

• Website
• Twitter
• Telegram
• LinkedIn
• Discord
• Bitget Wallet

 

Contact

Rachel Cheung
media@bitget.com

The post Bitget Lists API3 (API3) in Innovation Zone and DeFi Zone appeared first on CoinJournal.

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Paris Blockchain Week Teases 2024 with Press Event in London

Paris, France, January 30th, 2024, Chainwire

In a preview of what promises to be a landmark event, Paris Blockchain Week hosted a press event in London on January 24th, 2024, titled “Paris Blockchain Week presents: a Taste of 2024 with our Press Community.” The event offered a glimpse into the cutting-edge discussions, industry leaders, and innovative projects that will be front and center at the upcoming Paris Blockchain Week, set to take place from April 9th to 11th, 2024, at the Carrousel du Louvre.

Three high-powered panels fueled the conversation, tackling crucial themes in the ever-evolving blockchain and Web3 landscape. The first panel, moderated by Anna Shakola, Head of Business Development at Cointelegraph Accelerator, featured Oliver Tonkin, CEO of BCB Group, and Jonathan Dakin, VP of Sales, Head of EMEA at Fireblocks, for a thought-provoking discussion on the state of the industry and its growth potential.

Following this, attendees were treated to an exclusive AMA session with Robby Yung, CEO of Animoca Brands, a leading force in the burgeoning metaverse and NFT space. Yung’s insights into the future of these transformative technologies captivated the audience, leaving them eager to explore further at the main event in Paris.

The final panel, moderated by Helen Disney, Events and PR for the Digital Pound Foundation and CEO of Unblocked, brought together Alice Li, Head of Research at CoinMarketCap, and Eric van Miltenburg, SVP at Ripple, for a dynamic exchange on the ever-shifting regulatory landscape surrounding blockchain and Web3. Their expertise provided valuable perspectives on the challenges and opportunities that lie ahead.

When asked, what’s the most significant change in 2024 that will impact mass adoption of cryptocurrency, Alice Li, said,

“Confidence, you can already feel it a month in. During the bull run in 2021 the infrastructure wasn’t ready, like with Web3 wallets for example, now those are ready. We now also have so many great Layer 1s and Layer 2s, and we’re even talking Layer 3s. Finally, we have the Bitcoin spot ETF, going mainstream into the financial markets and getting more recognition around the world.”

Eric van Miltenburg answered,

“The last year and a half we talked about finance having its challenges, but we’re coming out of it. I think acknowledging compliance and working with regulators isn’t optional, it’s not a box you check.”

“You have to have a kind of compliance first mindset, I think that we’ll grow confidence that will attract more of the traditional players into the market, which will broaden the playing field. I think we have momentum towards real critical mass and broader adoption.”

“The London press event was a resounding success,” said Michael Amar, co-founder of Paris Blockchain Week. “The enthusiasm in the room was palpable, and we’re thrilled to have offered a taste of what’s to come”. New for Paris Blockchain 2024, Amar highlighted, “After a successful launch in 2023, with over 900 start-up applications, Investors Day will scale up with a prize fund already at $5 million prize. Tim Draper will continue as part of the judging panel and a second episode of ‘Meet the Drapers’ will be filmed during the event.

Networking is a major focus for 2024, we want all attendees to make those critical connections that support their business goals.”

8,500 people attended Paris Blockchain Week last year with 300+ sponsors and 400+ speakers and 300+ media. 10,000 visitors are expected to attend this April.

 

About Paris Blockchain Week

Paris Blockchain Week is a leading organization in the blockchain/web3, dedicated to fostering innovation, collaboration, and knowledge sharing. As the premier event platform, we bring together thought leaders, industry experts, developers, entrepreneurs, investors, regulators, and enthusiasts from around the globe to explore the potential of blockchain technology and its transformative impact on various sectors.

The 4th edition of Paris Blockchain Week 2023 was held at the Carrousel du Louvre in March 2023, becoming the biggest blockchain event in Europe.

Please visit www.parisblockchainweek.com for more information.

 

Contact

Leora Schreiber
parisblockchainweek@marketacross.com

The post Paris Blockchain Week Teases 2024 with Press Event in London appeared first on CoinJournal.

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Bitcoin tops $43k once again: Is it time to buy more Memeinator tokens?

Key takeaways

• Bitcoin is up by 3% in the last 24 hours and is now trading above $43k once again.

• Memeinator is set to conclude the 13th stage of its presale and has raised nearly $4 million so far. 

Bitcoin now trading above $43k

The cryptocurrency market has been bearish over the last two weeks. However, the trend is changing and Bitcoin has recovered some of its lost value. Bitcoin is up by more than 3% in the last 24 hours and is now trading above the $43k level again.

At press time, the price of Bitcoin stands at $43,365 per coin. Bitcoin’s positive performance has spread across the broader market, with the total cryptocurrency market cap now above $1.65 trillion.

The rally comes as investors expect the US Federal Reserve to maintain its current interest rate. However, if the Fed is to reduce interest rates, BTC and other cryptocurrencies could rally higher in the short term. With the market looking promising, this might be a good opportunity for investors to buy more digital assets. 

What is Memeinator?

Investors who are interested in meme coins could look into Memeinator. It is a meme coin that could become a leader in the space. Memeinator is a meme project designed to help content creators generate better content. 

According to their whitepaper, Memeinator seeks to uphold the culture of quality memes on the internet, ensuring that there is a higher level of quality content available to users. While the crypto space has thousands of meme coins available, only a few offer real-world utility to the users. Memeinator will be one of the few meme coins that offer value to their users and stakeholders. 

Memeinator will leverage AI technology to identify worthless memes on the internet, allowing users to know them and steer clear of them. The Memeinator developers also have strategies in place that would enable Memeinator to reach $1 billion in market cap over the coming years. They have published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

At the moment, Memeinator is still in its presale stage and has raised nearly $4 million so far. In the first presale stage, the MMTR was sold for $0.01 and will rise to $0.0485 by the end of the presale, giving early investors an astonishing 132% ROI at listing. 

Memeinator’s presale raises over $3.9 million

The Memeinator presale is growing and attracting more investors. It is currently in its 13th stage and has raised more than $3.9 million so far. 

The native MMTR token can be purchased using three tokens, ETH, USDT, and USDC. According to the official website, the token is available to users on the Ethereum and BNChain blockchains. 

Furthermore, MMTR can be purchased using a wide range of supported wallets. However, keep in mind that MMTR can only be purchased using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale selling rapidly?

The Memeinator presale is selling fast thanks to the project’s unique proposition to the cryptocurrency space. If the development team rolls out its products and services, Memeinator could become one of the leading meme coins in the crypto space. 

Its solutions could find massive utility amongst degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as content creators could use its services to gain access to quality memes. 

The Memeinator solution will combine AI and blockchain technology. Its AI solution will allow users to analyze and evaluate memes across the internet. This makes it possible to identify lower-quality memes and replace or destroy them. 

Powered by MMTR, Memeinator is set to offer a wide range of incentives to the token holders. The token has deflationary mechanisms and rewards for holders. The team has also allocated 20% of the tokens for marketing, CEX listing and liquidity. 

Will MMTR rally higher? 

At the moment, MMTR is still in presale, which means it is highly unlikely to determine whether it will rally higher or not. However, Memeinator has massive potential and could become one of the leading meme coins in the coming years. The right level of adoption could see Memeinator’s market cap reach $1 billion over the coming years. 

Leveraging AI and blockchain technology could see Memeinator take advantage of the growing popularity of these two technologies. Currently, its MMTR token is still in presale and could record a massive value increase once it gets listed on centralized and decentralized exchanges.

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Harvest Fund files for spot bitcoin ETF in Hong Kong: report

• Harvest Hong Kong is the first institution in Hong Kong to file for a spot Bitcoin ETF.
• A local news outlet suggests the Hong Kong Financial Services Commission (FSC) could announce a decision in coming weeks.
• The US recently approved 11 ETFs, including for BlackRock, Fidelity and Grayscale.

Harvest Hong Kong, one of the largest fund companies in China, has filed for a spot Bitcoin exchange-traded-fund (ETF).

A Tencent News report says that the company filed the ETF application with the Hong Kong Securities and Futures Commission (FSC) on January 26, 2024. Harvest Fund is the first institution to submit a proposal to list a spot Bitcoin ETF in Hong Kong, the news outlet noted.

According to the report, the regulator could release its decision on the ETF after the Lunar New Year holiday. However, market experts say the SFC could take a cue from the US Securities and Exchange Commission (SEC) and look to approve several ETFs at a go.

Institutions eye spot ETFs

Early this month, the SEC approved 11 spot Bitcoin ETFs, with the nod coming after a decade of market anticipation. The SEC’s court loss to Grayscale paved the way for the eventual approvals, including for BlackRock, Fidelity Investments and Bitwise.

Analysts have noted a decent performance for the ETFs amid massive outflows for Grayscale’s GBTC.

As Hong Kong reportedly looks to allow its first spot Bitcoin ETF, the outlook contrasts with South Korea. In the aftermath of the SEC decision, South Korea’s Financial Services Commission (FSC) warned financial institutions and brokerages regarding the trading of spot ETFs.

However, the country’s top office looked to intervene, asking the FSC to reconsider its stance on the issuance of spot Bitcoin ETFs in the country.

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HugeWin Casino is Redefining Crypto Gambling with a Rich Gaming Ecosystem

Curacao, Curacao, January 29th, 2024, Chainwire

HugeWin Casino, a newly established platform as of January 2024, has quickly garnered attention in the cryptocurrency gambling landscape. Its user-centric approach, coupled with an extensive array of gaming options, underscores its emerging status within the industry.

Extensive Gaming Portfolio

The platform boasts an impressive selection of over 7,000 slot games, providing both traditional and innovative variants. Additionally, it offers a diverse range of over 700 casino games, sourced from 12 renowned game providers, including PragmaticLive, Evolution, and LiveGames. The assortment spans across popular games like poker, roulette, blackjack, and baccarat, including live casino tables, ensuring a comprehensive gaming experience.

Extensive Gaming and Betting Portfolio

HugeWin Casino presents an expansive platform that caters to a wide array of gaming and betting preferences. It boasts a remarkable selection of over 7,000 slot games, offering a blend of traditional and innovative variants. In addition to slots, the platform features a diverse range of over 700 casino games, sourced from 12 esteemed game providers including PragmaticLive, Evolution, and LiveGames. The assortment extends across popular games such as poker, roulette, blackjack, and baccarat, inclusive of live casino tables, ensuring a comprehensive and immersive gaming experience.

Further broadening its spectrum, HugeWin Casino ventures into the sports betting domain, presenting a selection of 35 virtual sports games. This addition caters to the varied interests of its users, encompassing popular sports like football, basketball, and tennis. Complementing its extensive betting options, the platform also offers close to 70 regular games, highlighting popular titles like Zeppelin, Aviator, and Spaceman, thereby enriching the user experience with its multifaceted gaming and betting environment.

Commitment to Transparency and Security

Recognizing the importance of security in the digital gambling domain, HugeWin Casino has secured a Curaçao eGaming license (CEG), emphasizing its dedication to safe and transparent gaming practices. The platform maintains a minimalistic approach towards user data collection, requesting only the essential information for account creation.

Promotions and Tournaments

Understanding the dynamic needs of its users, HugeWin Casino regularly introduces various special events, bonuses, and promotions. The platform hosts two main recurring tournaments: the Weekly Multiplier Tournament and the Monthly Turnover Tournament, with substantial prize pools. Additionally, it offers a range of discounts and bonuses, including daily casino discounts, weekly slot discounts, and a rewarding referral program.

About HugeWin

HugeWin, a recent entrant in the online casino space, aims to become a global leader. Launched in January 2024, the platform is devoted to providing a fun and trustworthy gaming environment.

The platform prioritizes immediate disbursement of earnings, barring instances of suspected fraud. Clients can expect prompt payouts without tedious documentation.

A wide array of betting options is available, with round-the-clock access to any desired match. Live casino sections offer an interactive experience with real croupiers.

For further information about HugeWin Casino’s game offerings, events, and promotions, interested parties are encouraged to visit the official website or follow the platform on X (Twitter) and Telegram.

 

Disclaimer: HugeWin is the source of this content. This release is for informational purposes only and does not constitute investment advice or an offer to invest. Information provided about HugeWin and its services, including online gambling and cryptocurrency betting, involves significant risks and may not be suitable for all individuals. Users should exercise caution and are encouraged to conduct their own research before participating in any gambling activities. Participation is at the user’s own risk and should be approached with financial prudence.

 

 

Contact

Jowi Scholtz
marketing@hugewin.com

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Bitbot picks momentum as Avalanche leads altcoin recovery

• Avalanche has spiked double-digits amid new momentum forecast for rally to $100.
• BITBOT could be the pick of presale tokens with its investment potential buoyed by its likely dominance of Telegram crypto trading landscape.

Bitbot (BITBOT) token is creating a huge wave of interest from traders as the market bounces following Bitcoin’s upside this weekend. Meanwhile, one of the top altcoins currently signaling potential momentum is Avalanche (AVAX).

AVAX has seen double-digit gains as analysts point to its future potential. The opportunity available with BITBOT’s presale is however attracting huge attention.  

Avalanche (AVAX): A potential rally to $100?

Avalanche (AVAX) stands out as one of the top performing altcoins in the past 24 hours. The token’s price was trading at $35, up 12% as bulls pushed higher following the recovery from lows of $32. 

With prices up 8% in the past week, it looks like Avalanche is building fresh momentum.

Crypto analysts are bullish on AVAX long term. Amid other factors, Avalanche’s growing traction as a smart-contracts Layer 1 blockchain and expectation ahead of Bitcoin’s halving could prove key tailwinds for AVAX price.

A rally similar to the breakout recorded when prices rose from lows of $9 in 2023 could put AVAX on the track to December highs of $50. Amid a bullish outlook for the Avalanche network and the broader market, it is possible AVAX is one of the top altcoins currently trading below $100.

But while this token may present a good investment opportunity, investors eyeing near-term gains are also aware of what’s possible in the presale market.

Bitbot (BITBOT): Redefining Telegram based crypto trading

Bitbot’s upcoming launch of a new Telegram trading bot has the entire space excited. As the crypto presale landscape becomes one of the best markets for unearthing gems, traders keen on what’s trending have flocked to Bitbot.

The Telegram trading bot looks to stand out from the rest by focusing on the security of its users’ assets. Its non-custodial trading solution is the first in the world for Telegram trading apps. With it, users can trade directly from their app’s interface. 

Wondering what this means? Simply, this is the feature that puts into practice the fact that if its “not your keys, [its] not your crypto.”

Also key are the anti-MEV and anti-rug features that add another security layer, with users protected against MEV bots and potential scams.

Also distinguishing Bitbot is that its trading solution delivers institutional-grade tools to retails traders. Anyone can leverage the same tools institutional investors tap into to trade different cryptocurrencies and products, regardless of a trader’s skill level or experience.

BITBOT presale attracts traders

Bitbot’s advanced trading capabilities and security, market experts say it could dominate the Telegram trading space. That has seen a remarkable surge in interest for BITBOT, the ERC-20 token of Bitbot.

The token will offer holders governance rights in the Bitbot ecosystem. It will also provide access to key network features, including revenue share, trading discounts and access to best presale gems in the market.

BITBOT’s presale launched last week, hitting stage 1 milestone within 72 hours as traders allocated $200k to their positions. The project continues to see this pace, with over $346k raised so far as stage 2 draws to a close.

According to the Bitbot whitepaper, a total of 300 million BITBOT are available in the presale phase. This accounts for 30% of the total supply of 1 billion BITBOT. 

A total of 20 million tokens will be available at each of the 15 presale stages as the project targets to raise $4.32 million.

For more information on Bitbot, visit their website.

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Aleph.im launches Twentysix Cloud: An enhanced marketplace for Decentralized Cloud Computing

Paris, France, January 26th, 2024, Chainwire

Twentysix Cloud is an all-in-one, decentralized cloud marketplace, powered by aleph.im’s Decentralized Physical Infrastructure Network (DePIN). This launch marks a significant step in bridging decentralized cloud solutions with the growing demand for computing resources.

Aleph.im announces the launch of its innovative hub. Twentysix Cloud is a decentralized cloud marketplace offering a full range of blockchain-based storage, compute engine, indexing, and AI solutions for businesses and applications. By leveraging the aleph.im network, Twentysix Cloud ensures a secure, resilient, and transparent user experience. It sets a new standard for modern cloud infrastructures, utilizing tens of independent nodes worldwide.

The decentralized design of Twentysix Cloud meets the evolving needs of businesses and developers. It provides a versatile environment for a wide range of applications, empowering users through a robust architecture that seamlessly connects on-chain and off-chain data, eliminating centralized points of failure.

Twentysix Cloud now operates on a Pay-As-You-Go (PAYG) model, offering users the flexibility to pay only for the resources they use. This approach leads to lower costs due to the distributed nature of resources. Payments can be made in ALEPH, the native token of the network, or in stablecoins. This system, which charges by the millisecond, leverages Avalanche C-chain and Superfluid for optimal payment solutions.

Twentysix Cloud is enhancing its integration with EVM blockchains like Avalanche to facilitate global streaming payments. This enhancement enables a seamless Pay-As-You-Go payment system that operates effortlessly across node operators, who contribute to maintaining and securing the network independently.

Jonathan Schemoul, co-founder and CEO of aleph.im, shared, “Twentysix Cloud offers a wide range of products for companies who wish to use an alternative solution to traditional cloud services. Until today, our users needed to hold or stake tokens to use our solutions. With the introduction of our Pay-As-You-Go model, we’re excited to onboard more businesses and developers, providing easy access to a full Web3 cloud platform. Our product will incorporate DeFi components to facilitate stablecoin transactions and include fiat gateways to enhance ease of use.”

Jonathan added, “Our mission is to contribute to the open-cloud industry as a whole and drive innovation across the space, providing new ways to build, deploy, and scale more effective models for AI. By opening this technology, we are offering decentralized AI’s virtual agents and conversational AI products to all who wish to use it, in a confidential way.”

In addition to its advanced capabilities, Twentysix Cloud and aleph.im are GDPR compliant. This ensures that stakers’ personal data remains secure, and they retain ownership of their uploaded documents and metadata. These are stored on Twentysix Cloud’s decentralized storage across 80+ core channel nodes, and 250+ compute resource nodes.

About Twentysix Cloud

Twentysix Cloud is a cross-chain cloud solution powered by the aleph.im decentralized network, which offers developers access to databases, computing power, and file storage. It ensures operational resilience for applications, particularly in AI, DeFi, and gaming industries. Since 2020, its marketplace Instances and Micro-Virtual Machines have provided scalable, high-performance resources across various blockchains.

About aleph.im

Aleph.im is a decentralized physical infrastructure network that enables developers and businesses to build applications with robust features thanks to a system of connected nodes responsible for the security and functionality of the peer-to-peer network. Core Channel Nodes (CCN) play a pivotal role in network control and governance, while Compute Resource Nodes (CRN) are designed to provide distributed secure computing power, and storage, ensuring better privacy, security, and control over their data and applications.

For more information:

• Twentysix cloud Twitter
• aleph.im Twitter
• Global Telegram account
• Linkedin

 

Contact

Head of Marketing
Clément Fermaud
Aleph.im / Twentysix Cloud
clement@aleph.im

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OKX Exchange announces discontinuation of mining pool services

• OKX Exchange discontinues Mining Pool services, citing business adjustments.
• New-user registrations are halted immediately; existing users are allowed until Feb 25.
• Complete cessation of mining pool-related services scheduled for Feb 26.

In a recent announcement, OKX, a major cryptocurrency exchange, has disclosed plans to cease its Mining Pool and related services. This decision, attributed to business adjustments, is set to impact users starting January 26, 2024.

The discontinuation schedule, outlined by OKX, indicates a phased approach with new-user registrations ceasing immediately and existing users having until February 25, 2024, to utilize the service before a complete halt on February 26, 2024.

OKX business adjustments

While revealing its intention to discontinue the mining pool services, OKX cited business adjustments as the driving force behind the decision.

Effective immediately, new-user registrations for mining services are no longer being accepted. Existing users, however, have been granted a brief window until February 25, 2024, to continue utilizing these services. Come February 26, 2024, all mining pool-related services provided by OKX will be discontinued, marking the end of an era for its mining operations.

Mining pools play a pivotal role in the cryptocurrency ecosystem by allowing miners to combine their computational power to solve blocks more efficiently. These pools enable individual miners to collaborate, thereby increasing the chances of successfully mining a block and receiving rewards. By pooling resources, miners can achieve more consistent and stable mining income compared to solo mining. Additionally, mining pools contribute to the overall security and decentralization of blockchain networks by distributing computational power across multiple participants.

While OKX’s decision to discontinue its mining pool services may disrupt the operations of some users, it underscores the importance of adaptability and strategic adjustments in the dynamic world of digital assets.

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Honk price prediction; can it outperform Bitbot and LCX tokens

• Honk’s recent surge: 755% in 1 month, potential $1 target, community support driving growth.
• LCX struggles: past success, $0.61 potential, challenges in the current market.
• Bitbot’s innovation: Telegram bot, presale stages, institutional-grade tools.

In the fast-paced world of cryptocurrency, investors are always on the lookout for the next big opportunity. With tokens like Honk, Bitbot, and LCX making waves in the market, the question arises: can Honk outperform its competitors?

Let’s delve into the price predictions and potential of these tokens.

Honk: surging towards to $1

Honk, the first goose-themed coin on the Solana blockchain, has been making headlines with its impressive price movements. Inspired by the audacious goose from the viral game “Untitled Goose Game,” Honk has captured the attention of investors with its unique concept.

In recent days, Honk has seen significant growth, with its price surging by over 755% in the last month to trade at $0.022 at press time. This impressive performance can be attributed to its growing community support and the anticipation of future developments in the project.

Honk price chart

Looking ahead, analysts predict that Honk could reach an average price level of $0.44 by the end of January, with the potential to hit a maximum price of $1 before the end of 2024 if bullish conditions prevail. However, investors should be mindful of potential market fluctuations that could impact Honk’s price trajectory especially as the market continues to react to the just approved spot Bitcoin ETFs.

LCX: a crypto-exchange token making waves

LCX, a Liechtenstein-based centralized crypto exchange, has also been on investors’ radars due to its promising blockchain infrastructure. While LCX experienced significant growth in 2021, it has faced challenges in maintaining momentum in the current market environment.

Despite its recent struggles, LCX remains a promising project with real-world use cases. Over the past month, the LCX token price has surged by an impressive 186%. The current bullish trajectory has recovered almost all of the 2023 drawbacks.

 LCX price chart

Analysts project that LCX could see a resurgence in the coming months, with the potential to reach a price level of $0.61 if bullish conditions prevail. Investors should keep a close eye on the LCX exchange’s progress as it navigates the cryptocurrency landscape and seeks to solidify its position in the market.

Bitbot: pioneering automated trading

Bitbot, the world’s first Telegram self-custodial trading bot, has been garnering attention for its innovative approach to automated trading. With institutional-grade tools and a focus on user experience, Bitbot aims to revolutionize the way investors engage with the market.

Currently in its presale stage, Bitbot offers investors the opportunity to buy in before the price increases. With a total supply of 1,000,000,000 tokens and a presale allocation of 300,000,000 tokens, Bitbot’s presale stages offer investors a chance to participate in its growth.

The presale is in its second stage and has raised over $342K in a slightly over week since the presale launched. A single BITBOT token is going $0.0105 in the current stage and is expected to rise to $0.011 in the next stage. If interested, visit the Bitbot presale website and purchase your BITBOT tokens.

Conclusion

While Honk shows promise with its impressive price movements and potential for future growth, investors should not overlook alternative investment opportunities presented by tokens like LCX and Bitbot. Each project offers unique features and potential for returns, making them worth considering in a diversified investment portfolio.

As the cryptocurrency market continues to evolve, savvy investors will keep a close watch on these tokens and others like them, seeking out opportunities for growth and diversification in a rapidly changing landscape.

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Altcoins to watch amid US notice to sell $130M in BTC from Silk Road

• The US government has issued a notice on the sale of over $130 million in BTC linked to Silk Road.
• Court documents indicate this includes 2,874 BTC seized from drug trafficker Ryan Farace and 58 BTC from convicted law enforcement agent Sean Bridges.
• BTC price remained near $40k, but market is watching Ethereum, Solana.

Crypto news today is dominated by the US government’s notice about its plans to sell over $3,200 Bitcoon (BTC) worth more than $130 million. Documents show that these bitcoins are part of the forfeitures related to the infamous darknet marketplace Silk Road.

While the news has had no major impact on BTC price as of writing, the market is abuzz with what the outlook for the top crypto by market cap could mean for altcoins. Elsewhere, the potential resurgence in meme coins has traders eyeing the next gem. Could Memeinator (MMTR) be one of the tokens to watch?

US government to sell BTC worth $130 million

On Thursday, January 25, the United States government filed a notice seeking to sell more than $130 million in Bitcoin (BTC) seized from two individuals connected to the Silk Road darknet.

According to court documents filed in the U.S District Court in Maryland, the government plans to sell 2,874 bitcoins seized from Ryan Farace and Sean Bridges in February 2021 and 58 bitcoins seized from Farace in May 2021.

At the time of the government’s notice, the approximate value of the first batch was $129 million, while the second carried a market value of about $3.3 million.

The BTC forfeitures followed Farace’s conviction over drug trafficking. Bridges, a former Secret Service agent, was convicted of stealing the bitcoins during a Silk Road investigation. The public have 60 days (from the notice’s initial filing date of January 10, 2024) to file a petition if anyone other than the defendants has an interest in the forfeited BTC.

In March last year, the US government announced it had sold 9,861 BTC for $215 million and would liquidate another 41,500 BTC in four batches over the course of the year.

Documents filed in court at the time showed the bitcoins in were from the 51,351 BTC authorities seized from James Zhong in November 2022. Zhong was arraigned over wire fraud charges related to Silk Road marketplace.

Altcoins to watch amid BTC price outlook: Ethereum, Solana, Memeinator

The latest BTC sale from the US government comes as crypto battles downside pressure, with GBTC outflows having decimated retail sentiment in recent weeks.

Bitcoin remains near the $40k level though, and as JPMorgan analysts said on Thursday, the Grayscale sell-off pressure may be ending. What does this mean for the broader market?

Experts opine that a potential rebound from current levels could put BTC on track for a retest of recent peak at $49k. Long term, the bullish outlook is helped by the upcoming block reward halving, with predictions that Bitcoin price could break above $100k by the end of the year or early 2024.

This has the altcoin market also bullish long term, with top altcoins likely to see fresh traction including Ethereum and Solana. While BTC could dip to new 2024 lows following this week’s dive to $38,600, ETH and SOL could seek support levels below $2k and $80 respectively. 

These levels or lower could provide great buying opportunities.

A look at Memeinator (MMTR)

Solana’s 2023 surge was helped by a spike in meme coin activity, with the likes of Bonk skyrocketing to reignite a meme coin resurgence. BONK price has dropped significantly as SOL struggled. 

This means the market may be on the hunt for a new meme coin gem.

With fresh momentum building up amid broader market interest in its presale, the Memeinator (MMTR) could be one of the tokens to explode in coming months. Boosting of genuine utility, laced within a play-to-earn ecosystem, Memeinator is designed to return meme culture to the industry.

As a meme coin on a mission to end the menace of poor quality copycat meme tokens, this project could be poised to challenge top dog-themed coins Dogecoin and Shiba Inu. 

Memeinator’s presale has raised over $3.9 million and is currently in stage 13. The MMTR price of $0.0197 at this stage is likely to be a major bargain should the project go on to dominate the meme market as projected.

Find more about Memeinator from its whitepaper or visit the presale page.

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Polygon’s AggLayer protocol for blockchain integration, set to launch in Feb

• Polygon introduces AggLayer protocol for seamless blockchain integration.
• AggLayer aims to unify liquidity and enhance user experience across platforms.
• Potential MATIC decline could be offset by the positive sentiment surrounding AggLayer launch.

Polygon Labs is set to launch a game-changing protocol named AggLayer, aimed at transforming blockchain integration and enhancing interoperability across platforms. This innovative development comes at a crucial time as Polygon’s native cryptocurrency, MATIC, faces potential bearish pressure.

AggLayer promises to streamline blockchain operations, addressing fragmentation and scalability issues prevalent in the current ecosystem.

AggLayer: simplifying blockchain integration

AggLayer, a pioneering blockchain aggregation layer, is slated to debut in February. Designed as a centralized protocol, AggLayer aggregates zero-knowledge (ZK) proofs from connected chains, thereby improving interoperability across various blockchain platforms.

By unifying liquidity and enhancing user experience, AggLayer aims to tackle the challenges posed by fragmented networks and scalability limitations.

Polygon acknowledges the evolving nature of blockchain architecture, transitioning from monolithic to modular designs, and now to AggLayer. While monolithic architectures offered integration and interoperability, they faced scalability and security concerns. Modular architectures addressed some of these issues but introduced fragmentation challenges.

Until now, blockchain scaling had 2 paradigms: Monolithic & Modular

Introducing the next one: Aggregation

A novel solution combining the benefits of monolithic & modular designs by unifying liquidity via safe, near-instant atomic cross-chain txs using ZK proofs.

Feb Mainnet 👇… pic.twitter.com/mE0qssoWyJ

— Polygon (Labs) (@0xPolygonLabs) January 24, 2024

AggLayer represents a novel approach, synthesizing the benefits of both monolithic and modular architectures to create a more flexible and interconnected framework.

Impact on MATIC price                     

In light of Polygon’s AggLayer announcement, attention also turns to MATIC’s price dynamics. Currently trading at $0.73, MATIC faces bearish pressure as it hovers below the crucial support level of $0.75. Technical analysis suggests a potential 41% decline, attributed to a bearish Head and Shoulders pattern.

Polygon price chart

However, AggLayer’s imminent launch offers a glimmer of hope for MATIC’s price trajectory. As Polygon enhances interoperability and streamlines blockchain operations with AggLayer, positive sentiment within the crypto community could potentially reverse MATIC’s bearish momentum. 

If MATIC manages to maintain support above $0.65 or bounce back from $0.70, it could invalidate the bearish pattern and pave the way for price appreciation, potentially surpassing $0.80.

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US Judge denies Changpeng Zhao travel to UAE despite $4.5B Binance equity offer

• CZ’s travel to UAE was denied by a US judge despite a $4.5B Binance equity offer.
• Concerns over flight risk were cited due to Zhao’s substantial wealth and ties abroad.
• Sentencing for CZ, facing 10-18 months in prison, is set for February.

Binance founder Changpeng ‘CZ’ Zhao faces a legal hurdle as a US federal judge rejects his request to travel to the UAE, despite offering $4.5 billion in Binance equity as security. The denial comes amid Zhao’s guilty plea to anti-money laundering charges and impending sentencing, adding complexity to his legal saga.

Changpeng ‘CZ’ Zhao was pleading to travel to the United Arab Emirates for a family emergency and had $4.5 billion in Binance US equity as security.

CZ’s flight risk concerns and sentencing

The rejection of Zhao’s travel request underscores concerns about potential flight risks. A federal judge in Seattle had previously ruled that Zhao must remain in the US pending his sentencing, citing his substantial wealth abroad and minimal ties to the United States.

Zhao’s sentencing, scheduled for February, could result in a 10 to 18-month prison term under federal sentencing guidelines. His guilty plea and resignation from the Binance US board also necessitated Binance’s exit from the US market and a hefty $4.3 billion penalty for anti-money laundering violations.

The denial to travel outside the US continues to compound Changpeng ‘CZ’ Zhao’s legal troubles. The decision underscores concerns about flight risks and adds complexity to Zhao’s legal saga, which includes a guilty plea to anti-money laundering charges and an impending sentencing. As Zhao navigates these challenges, the future of Binance and his standing in the cryptocurrency community remain uncertain.

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XLM bullish ahead of Stellar network upgrade; Meme Moguls gains momentum

• Stellar (XLM) is gearing up for the launch of smart contracts on the mainnet.
• Meme Moguls (MGLS) could be the standout crypto meme project in this market cycle.
• MGLS price in presale stage 5 is $0.0036, up 89% from the initial $0.0019.

Stellar announced on Wednesday that a vote for its highly anticipated software upgrade, the Protocol 20 upgrade, will happen as planned on January 30, 2024. XLM price flipped positive in the past 24 hours as the potential impact of the upcoming network change drives fresh interest.

Elsewhere, market confidence in new meme-backed exchange Meme Moguls (MGLS) has seen investors flock to its presale. Find out why XLM and MGLS could be great investment opportunities in 2024 and beyond.

Stellar poised for Protocol 20 upgrade

In December 2023, the Stellar Development Foundation (SDF) announced that the quest to bring smart contracts functionality to Stellar had hit a new milestone. It was that the network would have its Soroban smart contracts roll out on the mainnet after a vote on January 30.

The software upgrade that supports this functionality is Protocol 20, which SDF just confirmed will go to a validator vote on the 30th of this month. A phased roll out will follow.

Denelle Dixon, CEO and Executive Director at Stellar Development Foundation, says the launch of Soroban smart contracts is the “foundation of a more inclusive future” for Stellar. The excitement is visible across the XLM community.

Meme Moguls offers opportunity with meme-backed exchange

As the broader crypto market looks to recover following recent downside action, a lot of attention in the presale market has shifted to tokens deemed to be below the radar but that offer huge investment potential.

In the meme coin world, finding the next Dogecoin or Shiba Inu is many traders’ focus as they hunt in the gem land that is crypto presale. One project that currently stands out is Meme Moguls.

Meme Moguls is a platform that combines the simulated trading of hottest meme-based tokens and play-to-earn tokenomics. In this way, the meme coin community has the opportunity to earn from viral meme performance while tapping into the entertainment environment of P2E games. 

But more than the simulated trading and the chance to become a mogul being attractive, there’s another reason Meme Moguls is seeing huge interest. That reason is this: holding the native MGLS offers exclusive access to passive income earning opportunities. 

The Ethereum-based platform’s native token will allow holders to participate in staking via the stake-and-earn feature. Other than this, one can earn rare NFTs through gameplay achievements, with these NFTs tradable at marketplaces such as Opensea.

Are Stellar (XLM) and Meme Moguls (MGLS) a good buy today?

XLM is the native cryptocurrency in the Stellar blockchain ecosystem. The token’s main use as a transactional currency powers the decentralized blockchain platform’s digital payments network.

Ahead of an upgrade that introduces smart contracts capabilities, XLM looks poised for an upside momentum as it hovers near $0.11. With prices down almost 12% in the past one month, investors could use any downside as an opportunity to add to their portfolios.

Notably, Stellar reached highs of $0.8756 at its peak in 2018, which suggests an explosive bull rally could see it recoup most of the losses seen since.

On the other hand, the kind of utility that Meme Moguls offers means MGLS could be the next hottest meme project. Analysts looking at the trajectory of the meme coin market and Meme Moguls’ potential to dominate its space has MGLS seen as a potentially 100x token. 

This outlook has added to the project’s presale momentum, pushing the total amount raised to over $1.9 million.

Currently, MGLS is priced at $0.0036 in stage 5 of its presale – indicating an impressive 89% increase during this phase. Early adopters could unlock more gains after the final stage and when Meme Moguls enters the trading market.

Are you interested in buying Meme Moguls? Visit their website.

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TRON and Polygon Investors Eye Rebel Satoshi as the Next Big Crypto Investment

TLDR

• TRON plunges 3% in a week, and more losses are coming by month’s end.

• Polygon loses 10% in a week, but experts expect bulls to come soon.

• Rebel Satoshi has generated a 120% ROI thus far, with more presale gains coming.

Top altcoins like TRON (TRX) and Polygon (MATIC) have performed poorly as the crypto market continues battling a renewed bearish force. On the other hand, Rebel Satoshi ($RBLZ), an emerging meme coin, has left mainstream investors in awe after raising over $1.5 million during its ongoing public presale.

Why are TRON and Polygon investors gravitating toward Rebel Satoshi? Continue reading to find out!

TRON Dips 3% in a Week: More Losses Incoming?

TRON has performed unsatisfactorily over the past seven days. On January 15, TRX was changing hands at around $0.1130. Notably, TRX reached this level due to the January 13 news of Justin Sun announcing that the USDT circulating on the TRON network had surpassed $50 billion. 

However, as the excitement around this announcement diminished, TRX began retracing its growth. TRX gained traction on January 19 after TRON partnered with HTX DAO but failed to recover the $0.1100 level. By January 22, TRX had stabilized at around $0.1095. This price means TRX has plunged 3.10% in a week. 

Based on this lackluster performance, is TRX a good crypto to buy now? According to experts, TRON will continue its downtrend to close the month at $0.0892. Experts peg this prediction on investors dumping TRX as they take profits from the recent rally that saw it surpass $0.1100. 

Polygon Sheds 10% in a Week: Will Bulls Return Soon?

Polygon has performed dismally over the past seven days. On January 15, MATIC was hovering around $0.8497. After holding this level for two days, MATIC began declining on January 18 after Celcius Network transferred 22.72 million MATIC to Binance, triggering a massive selloff. 

This bearish sentiment saw MATIC plunge as low as $0.7446 on January 19. After a partial recovery, the January 21 news of Bithumb suspending MATIC trading due to network problems forced the token to plunge again. By January 22, Polygon had stabilized at around $0.7589. This price means MATIC has plummeted 10.69% in a week.

So, does Polygon pass muster as a top crypto to invest in? Per analysts, MATIC will gain more adoption once trading resumes on Bithumb. To this end, experts predict MATIC could climb to $0.8983 by the end of January.

Rebel Satoshi Leads the Pack After Gaining 120% During Its Presale!

Rebel Satoshi, an up-and-coming meme coin, has impressed investors with its unique mission to unite the silent majority and build a community that fights centralization. As a result, investors have flocked to Rebel Satoshi, helping this budding project to secure over $1.5 million thus far during its public presale. 

Notably, investors are also joining the Rebel Satoshi presale because of its native $RBLZ token. $RBLZ doubles as Rebel Satoshi’s governance and membership token. In this capacity, $RBLZ offers investors access to all Rebel Satoshi features. These include a stake-to-earn program, a P2E game, and an NFT marketplace.

By January, Rebel Satoshi had initiated Monarchs Round 4 of its presale, and $RBLZ’s price was $0.022. This price means $RBLZ has gained 120% from the Early Bird Round price of $0.010. Thus far, Rebels Round 1, Warriors Round 2, and Citizens Round 3 investors have seen their $RBLZ holdings swell 69.23%, 22.22%, and 10%, respectively.

More importantly, Monarchs Round 4 investors will realize a 13.64% ROI when $RBLZ rises to its listing price of $0.025. This projected price growth makes $RBLZ one of the best crypto to invest in now! Interestingly, experts believe $RBLZ will surge further when it gets listed on top DEXs in February. 

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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New Non-Custodial Telegram Trading Bot Bitbot Raises $300k In First 72 Hours Of Presale

New York, USA, January 24th, 2024, Chainwire

Within 72 hours of its presale launch on the 17th of January, Bitbot raised an incredible $300,000.

Bitbot aims to lead the market for Telegram trading bots, a rapidly growing segment of the trading app market that has seen a considerable $7 billion in lifetime trading volume.

Telegram trading bots let traders manage a cryptocurrency trading portfolio within Telegram’s app. In practice, this means those investors with heavy telegram usage, which of the 800 million active Telegram users is substantial, no longer need to operate across two applications to manage their trades: an exchange and the Telegram app. Furthermore, Telegram trading bots offer all of the automated trading features seen in exchange apps, bringing the best of two worlds together into one seamless package.

Bitbot’s Technical Product Advisor, Andrew Jacobs, commented: “As we experience a pivotal point in Web3’s evolution, I’m happy to announce Bitbot’s launch. Our mission is to equip retail traders with powerful institution-grade tools in a simple and intuitive trading interface that is backed by robust security. We have a great team and I am looking forward to driving the product’s evolution and meeting the Bitbot community on our regular AMAs, which will be announced on our social channels throughout the presale.”

The Bitbot team is looking to act quickly with a comparatively small $4.3 million raise target, predicting a rapid presale, with prices starting at $0.0100 and ending at $0.0200, potentially offering 100% gains for the early investors prior to the project listing. An additional incentive is the attractive proposition that Bitbot token holders will receive 50% of the company’s profits distributed as a percentage of their holdings once it launches this year.

Bitbot (BITBOT) is available to buy on the official site.

Bitbot’s Push for Mass Market Adoption

Telegram trading bots enhance convenience by enabling users to execute the entire trading process within Telegram, the preferred messaging platform for crypto, bypassing the frequently convoluted user experience associated with exchanges.

Whilst trading volumes on Telegram trading bots have been impressive, it’s obvious that there is still a majority share left in the pie currently dominated by traditional cryptocurrency exchanges. Even Bitspay, consistently ranked among the top 70 exchanges on CMC, has a volume similar to that of all the Telegram trading bots combined. The sheer scale of the opportunity becomes evident in terms of the potential market share, and it’s this kind of potential that’s driving the product and development team and Bitbot to deliver a product suitable for mass adoption.

This is arguably one of the issues with Bitbot’s competitors. Telegram trading bots can be stubbornly complex, with many relying on user commands to operate them. Furthermore, a number of security issues have plagued even the biggest players in the market, leaving a sour taste for some but a potentially very sweet upside for the Bitbot brand.

Bitbot takes both of these issues head-on. Firstly, it gets rid of the need for complex commands by offering an intuitive in-app interface that will be immediately recognisable to exchange users.

Secondly, it offers non-custodial trading, meaning users can integrate Bitbot with their cold wallets and eliminate the uncomfortable need to give up their private keys for the bot’s powerful automated trading features to kick in. This is supported by the brand’s partnership with secure custody technology developer Knightsafe, and is thus far an unprecedented offering in the Telegram trading bot market, a truly unique and innovative approach focusing on institutional-grade asset security.

The bot offers a myriad of advanced features that will appeal to both beginner and advanced traders, from copy trading to automated sniping.

Tokenomics and Presale Roadmap

As per the project’s whitepaper, the Bitbot presale will run through Q1 and see the project list on exchanges in Q2 (unless the presale sells out early, which is possible at the current trajectory).

Allocation details include 30% reserved for the presale, 20% for the development team, 14% earmarked for marketing, 3% for liquidity, 2.3% available to the community (comprising rewards and airdrops), and 10% allocated to a treasury.

The 20% designated for the development team will undergo a 1-year vesting period, ensuring long-term commitment from the team.

Bitbot’s Impressive Journey In the Crypto Market

Unibot and Banana Gun, competing trading bots, swiftly gained prominence, with Unibot’s token price passing $230 in just three months of launch. Investors in Unibot’s presale reportedly saw gains of around 200x, according to a recent CoinDesk article.

Bitbot hopes to follow in their footsteps and its impressive raise has been aided by its community, which rapidly grew over 90K followers on X and over 5100 members on its Telegram within a week of the presale’s announcement. The project is now already in Stage 2, with the token priced at $0.011 and only 9,200,000 tokens left before the price increases by 5% for Stage 3.

Bitbot hopes to attract presale investors on the heels of the recent Bitcoin ETF acceptance and increased trading activity in the cryptocurrency market. This has drawn a significant social following and been picked up by notable crypto publications like Invezz who have already listed Bitbot among their top cryptos for 2024.

About Bitbot

Bitbot is a new Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features including sniping and copy trading.

Audited by Solid Proof, Bitbot focuses on security and follows the motto, “your keys, your assets.” To this end the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating against counterparty risk and reinforcing this with anti-MEV and anti-rug technology.

For more information and to buy Bitbot (BITBOT) users can visit Bitbot’s website.

• Website
• Whitepaper
• Socials

 

Contact

CEO
Bitbot
pr@bitbot.com

The post New Non-Custodial Telegram Trading Bot Bitbot Raises $300k In First 72 Hours Of Presale appeared first on CoinJournal.

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Ethereum Classic, Blur, and Rebel Satoshi: experts share their price predictions for early 2024

• Experts are bullish on Blur (BLUR) in 2024, predicting a surge for the DeFi coin price to 2.3500 by the end of the first quarter.
• Price predictions for Ethereum Classic (ETC) inspire hope among investors.
• Top ICO experts advise investors to get in on Rebel Satoshi ($RBLZ) for the best ROI.

According to crypto market experts, the recent Bull Run suggests that investors in top crypto coins may find success in a few projects, such as Rebel Satoshi, as well as certain top DeFi projects, such as Blur and Ethereum Classic. 

Let’s look at what sets $RBLZ apart from the crowd of altcoins, like BLUR, ETC, as one of the best cryptos to buy in early 2024. 

Analysts predict a significant uptick for BLUR

As of December 18, OKX’s NFT platform outperformed the 24-hour trading volume of Blur, a well-known NFT marketplace. However, two weeks later, the Blur marketplace has recovered, accruing more volume to claim second spot among the NFT marketplaces in terms of volume. 

Following these developments, the value of BLUR has risen. The value of Blur on December 18 was $0.4324. Since then, the BLUR token price has risen to $0.6664 on January 19, indicating a 54.12% increase. Experts are pleased with these developments and have predicted that the price will rise further to $2.3500 by the end of the first quarter.

On the contrary, in their price forecasts, some other BLUR analysts have cited price volatility as the reason why BLUR will decline in value to $0.1600 by the end of the first quarter. 

ETC surges after the dissolving of ETHW Dev team

Recent news reports from the Ethereum Classic ecosystem claim that the Ethereum Proof of Work’s main development team was dissolved on December 19 to transition to community governance. This has translated to a proposal for a similar action for Ethereum Classic. 

The value of ETC on December 19 was $19.71. In the two weeks since then, the DeFi coin price has risen to $24.75 on January 19, indicating a 25.57% increase in ETC’s valuation.

Regarding the ETC price prediction, experts on Ethereum Classic have expressed satisfaction over these developments and have predicted that the value of ETC will see a further rise to $40.00 by the end of March.

Conversely, some other analysts of Ethereum Classic have cited the lack of partnerships in the Ethereum Classic ecosystem as the reason why ETC could decline in value to $15.50 by the end of March.

Rebel Satoshi (RBLZ) continues to rise in presale

Rebel Satoshi has distinguished itself as an interesting investment option among a sea of cryptocurrency meme currencies. This meme coin, inspired by Satoshi Nakamoto and Guy Fawkes, has piqued investors’ interest even in the pre-sale stage. Rebel Satoshi’s native token, $RBLZ, aims to usher in a new era of decentralization. Its goal is to create a community that allows underdogs to collectively oppose centralized systems.

Rebel Satoshi‘s native coin, $RBLZ, has set presale records as the Early Bird Round 1 and Rebels Round 2 sold out completely in 10 and 15 days, respectively. Additionally, in the just finished Citizens Round 3, $RBLZ traded for $0.020. Over 120 million $RBLZ tokens have been sold thus far, with the Monarchs Round 4 of the Rebel Satoshi presale currently underway, seeing $RBLZ valued at $0.022.

This pricing provides a 120% ROI for those who bought $RBLZ at the $0.010 Early Bird Round price. When $RBLZ reaches its listing price of $0.025 in February, it will reward early investors with a 150% ROI. 

For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

The post Ethereum Classic, Blur, and Rebel Satoshi: experts share their price predictions for early 2024 appeared first on CoinJournal.

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