First-ever ICO on Bitcoin excels as Marathon Digital reveals new layer-2 network

• Marathon Digital has unveiled two sidechains on Anduro, the new multi-chain layer-2 network on Bitcoin.
• Bitcoin Dogs ($0DOG), the first-ever BRC-20 ICO, has surpassed $5.4 million amid massive industry attention.
• $0DOG presale ends on March 15, 2024

Bitcoin’s appeal as a blockchain network continues to grow with the launch of various applications that tap into its security, decentralization and reliability. Marathon Digital, one of the leading crypto mining companies in the world, is advancing this development via Anduro, a new multi-chain layer-2 network on Bitcoin.

Meanwhile, Bitcoin Dogs, a new crypto project for GameFi and NFTs, has attracted remarkable interest after it launched the first-ever ICO on the Bitcoin blockchain.

Marathon Digital unveils first sidechains of new Bitcoin layer-2 network

According to Marathon Digital, while Bitcoin’s strengths as a network would be appealing to any developer, its current functionality may not. The company points to the challenge developers may face in relation to scalability.

Anduro is a new programmable layer-2 network on the OG blockchain network that Marathon says will both serve as an application layer and help strengthen Bitcoin’s proof-of-work network.

The company unveiled the first two sidechains for this multi-chain layer-2 network – Coordinate and Alys. Coordinate offers a more cost-effective UTXO stack for Ordinals, while Alys is an Ethereum-compatible platform for asset tokenization.

Fred Thiel, Marathon’s Chairman and CEO, commented that Anduro has the potential to extend Bitcoin’s functionality and adoption.  

“We believe in testing, iterating, and letting the market decide what ideas succeed. We believe Anduro is one of those ideas that provides value to Bitcoin holders and application developers, all while reinforcing the long-run sustainability of Bitcoin’s Proof-of-Work,” Thiel added in a press release.

Last week, TRON founder Justin Sun revealed plans for an L2, outlining a roadmap he noted would help bring DeFi, NFTs and gaming to the Bitcoin ecosystem.

Bitcoin Dogs: Gaming and NFT platform on Bitcoin

Marathon revealed the first two sidechains on Anduro on Thursday, noting they are under development. The news coincided with the Bitcoin (BTC) spike to $64k.

Meanwhile, there was also a big move for new project Bitcoin Dogs ($0DOG) as its presale surpassed $5.4 million.

Bitcoin Dogs is a new project that offers a new game and digital collectibles platform on Bitcoin. 

While it brings man’s best friend into the virtual world, the ultimate ecosystem will consist of 10,000 unique and rare NFTs on Ordinals, a play-to-earn game and a vibrant community that shares in the fun and investment opportunity of Bitcoin.

Bitcoin Dogs’ roadmap includes the beta launch for the game, debut of NFT collection and P2E partnerships in Q2, 2024. Further developments, including Bitcoin Dogs game launch, metaverse and multi-chain bridge support are scheduled for Q3, 2024.

Bitcoin Dogs presale opportunity

$0DOG, the native utility and governance token of the Bitcoin Dogs ecosystem, is a BRC-20 token. As highlighted in the project’s whitepaper, the token has a total supply of 900 million. The presale offers an opportunity for the public to scoop a share of 810 million $0DOG.

The ICO is now just 15 days away from ending – expected to be March 15, 2024. Presale price has increased from $0.015 to $0.0251 in the current stage. In just over two weeks, the $0DOG tokens will be listing on exchanges.

Could this be an opportunity? Learn more by visiting the official website.

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BinaryX IGO to list Project Matthew: Build A Space City With ERC-404 NFTs

Singapore, Singapore, February 29th, 2024, Chainwire

BinaryX announced today the highly anticipated launch of their first Initial Game Offering (IGO) of the year, Project Matthew. Project Matthew is a space-building simulation game where players get to experience what it is like to work in space, officially known as the planet Matthew in the game. In the game, players work not as astronauts, but as builders and engineers that make space livable for a new civilization.

Own ERC-404 NFT tokens and exchange for in-game land

Players have the opportunity to own fractionalized ERC-404 NFTs that can be converted to ownership of in-game land, weapons, and other materials. ERC-404 tokens provide users with ample liquidity while also opening up different possibilities for their future ownership, including shared ownership of land, buildings and resources.

The game, with its innovative use of ERC-404 tokens, is expected to promote collaboration, a sense of community, and open the game to a wider audience without compromising the exclusivity of in-game NFT ownership.

The Story of Project Matthew: A Space Building Simulator

Humans discover a not-so-distant planet called Matthew with the potential to house living beings. As pioneers of space living, players will have the opportunity to design and manage their very own industrial plants, mine for resources, build robots that can help to work in the plants as well as fight other intergalactical forces, and construct their very own space city from the ground up.

Lead A Virtual Army

Players can recruit a robot army with different skills and abilities, and challenge enemies on the battlefield to earn massive rewards. The battlefield is divided into different levels of difficulties. The more difficult the level, the greater the rewards.

Explore Space

Exploration is one of the primary ways to obtain rewards and resources in Project Matthew. The gameplay features a collection of neighboring and faraway planets waiting to be explored.

“Project Matthew is our first IGO project for the first half of 2024. We wanted our players to have the opportunity to experience living and working in space, and this game is the first ever simulation game in the Web3 space to offer a semi-realistic experience for that”, said Julio, Head of Investments at BinaryX. “We’re excited and geared up to support more quality games like Project Matthew on our IGO platform in 2024.”

Users can participate in the IGO here

 

About BinaryX

BinaryX is a leading Web3 gaming platform dedicated to creating immersive and engaging gaming experiences like Ai Hero and Pancake Mayor,

Built on the BSC Chain, BinaryX leverages the latest technologies in blockchain and AI to provide over 100k players with unique opportunities to own in-game assets, participate in decision-making processes, and experience the true potential of Web3 gaming.

For more details and information about BinaryX, users can visit www.binaryx.pro

Users can stay update on social media:

• BinaryX
• Twitter
• Discord
• Telegram
• YouTube
• Medium

 

Contact

Kora
marketing@binaryx.pro

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Ethereum and Bitcoin drive crypto market surge; Pullix PLX token presale nears end

• Ethereum (ETH) surged above $3400, driven by Bitcoin’s rise.
• Pullix pre-sale ending soon; PLX to list on Uniswap, BitMart.
• Investors eying Ethereum (ETH) and Pullix (PLX) amid the bullish crypto market.

The cryptocurrency market is experiencing a significant surge, propelled by impressive gains in Ethereum (ETH) and Bitcoin (BTC). Ethereum has seen a remarkable increase of over 17% in the last week, reaching $3,470.73.

Ethereum’s price surge can be attributed to the generally bullish sentiment in the crypto market largely attributed to the positive performance of Bitcoin, which has surged by 21% since Monday, trading at $62,807.02 at the time of writing.

As the cryptocurrency market witnesses a bull cycle, the presale of Pullix’s native token is a few days to its end awaiting listing on two crypto exchanges.

Ethereum’s price surge and market dynamics

Ethereum’s recent price surge is a testament to its resilience and growing popularity in the cryptocurrency market.

With a surge of over 10% in the past two days, ETH has demonstrated strong momentum, driven by bullish market sentiment and increasing demand from investors. The major driver behind Ethereum’s rise, as with other altcoins, remains Bitcoin, which continues to dominate the market and influence price movements across the board.

Factors such as the growing adoption of decentralized finance (DeFi) applications and the upcoming Ethereum 2.0 upgrade, which aims to improve scalability and security, have also contributed to Ethereum’s positive performance.

Additionally, Ethereum’s role as a platform for decentralized applications (dApps) and smart contracts further enhances its utility and value proposition, attracting both developers and users to the ecosystem.

Pullix: introducing a new hybrid crypto trading platform

Amid the cryptocurrency market surge, Pullix emerges as a promising player in the space.

Pullix is a new DeFi protocol that is launching a hybrid exchange, seamlessly blending the strengths of centralized and decentralized exchanges into one unified platform. The platform introduces the concept of “Trade-to-Earn,” empowering users to earn a portion of the daily revenues generated by the exchange through its native token, PLX.

Pullix aims to disrupt the status quo in the crypto trading industry by offering innovative features such as passive income through staking PLX tokens, trading discounts, and exclusive rewards from daily revenue. The platform’s roadmap outlines ambitious plans for development, including completing the presale, launching the PLX token on decentralized and centralized exchanges, and beta launching the platform for users.

PLX presale nears end; listing on Uniswap and BitMart await

As the presale for the PLX token nears its end, investors have an opportunity to participate in Pullix’s vision and secure their stake in the platform’s ecosystem. The presale, which accepts various cryptocurrencies including Bitcoin, Ethereum, USDT, and others, has garnered significant interest from the community, reflecting confidence in Pullix’s potential.

The presale, which is currently in its last presale round dubbed ‘Bonus Round’ offering PLX at $0.14, has successfully raised $8,700,672. The last stage is over 47% sold out and investors still have an opportunity to participate with three days remaining. to participate, visit the Pullix website.

The PLX token, designed as the utility token of the Pullix ecosystem, offers a range of benefits to holders. These include passive income through staking, trading discounts of up to 60%, and exclusive rewards derived from the daily revenues generated by the Pullix exchange.

The anticipation builds as the PLX token is set to launch on Uniswap on March 4th, 2024, followed by a listing on BitMart on March 7th, 2024. After the Uniswap launch, the team plans to lock the liquidity pool for 24 months, ensuring stability and mitigating potential risks.

Is it the right time to invest in Ethereum and Pullix?

With Ethereum and Bitcoin leading the market surge and Pullix presenting an innovative approach to crypto trading and investment, investors may be wondering if now is the right time to invest. While past performance is not indicative of future results, the positive momentum and promising developments in both Ethereum and Pullix suggest potential growth opportunities.

As always, investors should conduct thorough research, assess their risk tolerance, and consider their investment goals before making any decisions. With the cryptocurrency market’s inherent volatility, it’s essential to approach investment opportunities with caution and diligence.

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Bitcoin hits $63k as Memeinator’s stage 16 presale nears completion

Key takeaways

• Bitcoin topped the $63k level for the first time since December 2021.

• Memeinator’s presale has raised more than $5.2 million. 

Bitcoin approaches its all-time high price

Bitcoin, the world’s leading digital currency by market cap, has performed excellently since the start of the week. It is up by 22% during that period, outperforming other major cryptocurrencies. 

BTC hit the $63,700 mark on Wednesday, its highest level since December 2021. At press time, the price of Bitcoin stands at $62,969, up by 10% in the last 24 hours. It is now getting closer to its all-time high price of $69k.

What is Memeinator?

Memeinator is a meme Web3 project that is still in its presale stage. The project seeks to provide service to content creators who use memes. 

According to the whitepaper on the official Memeinator website, the development team laid out a series of strategies to help them turn Memeinator into one of the leading meme coins in the crypto space. What makes it an interesting project is the value proposition it offers to investors and content creators.

The project launching as a meme coin is because the team intends to leverage the recent growth in trading volume and popularity of meme coins. The team wants Memeinator to reach a market cap of $1 billion, which would make it one of the leading meme coins in the crypto space. 

What makes Memeinator interesting is that it offers real-world utility to users, unlike most of the meme coins available. The primary function of the Memeinator tool is to destroy worthless memes on the internet, allowing users to have access to only quality memes. This ensures that Memeinator provides utility to the users and incentives to the token holders. 

Memeinator presale raises over $5.2 million

The Memeinator presale is currently in its 16th stage and has already crossed an important milestone. The project has raised more than $5.2 million and is close to the $5.4 million target set for this current stage. 

The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.0233. The price will rise to $0.0485 by the end of the presale, giving early investors a massive 264% ROI at listing. 

It is easy to purchase the MMTR tokens as investors can do so using ETH, USDT and USDC stablecoins. According to the team, the MMTR token will only be available on the BNBChain and Ethereum networks once it starts trading on crypto exchanges. However, the team intends to launch the token on other blockchains as it seeks to reach a wider audience. 

Click here to read more about the Memeinator presale.

Should you buy MMTR before the presale ends? 

The Memeinator presale is drawing closer to its end as the team has sold more than 70% of the total tokens earmarked for ICO. according to the team, there are only 172,413,793 tokens left for the presale.

CRYPTO ICO UPDATE — ONLY 172,413,793 TOKENS REMAIN IN MEMEINATOR’S CRYPTO PRESALE

HASTA LA VISTA, MEME COINS: https://t.co/h1Yj6kAnG6

— The Memeinator (@TheMemeinator__) February 28, 2024

The Memeinator presale is selling fast thanks to the unique value proposition the project offers to investors. This tool appeals to content creators as it allows them to eliminate worthless memes. MMTR will power various activities within the ecosystem. 

Per the team, most of the funds raised from the presale round would go towards developing the Memeinator AI technology. This technology will see Memeinator leverage AI to analyze and evaluate memes on the internet. 

In addition to that, the MMTR token comes with some excellent features, including deflationary mechanisms and rewards for holders. The tokenomics show that 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

The project offers a unique value proposition to users and could become one of the leading meme coins in the crypto space with the right level of adoption. 

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First Bitcoin Blockchain ICO Rockets Past $5M Milestone

London, United Kingdom, February 28th, 2024, Chainwire

The Bitcoin Dogs presale has already raised over $5.1 million in under 14 days. With only 5 stages remaining, the ICO is now at its halfway point and only has 16 days left before it ends.

The ICO is covering fresh territory: no BRC-20 token on the BTC blockchain has been available for public presale until now. This has piqued the crypto community’s interest, and Bitcoin Dogs has generated a strong social following as a result.

Top crypto influencers, including @MrX_Crypto, @BscSuperAltcoin, and @BscGemsX1000, have all shown support for the project. With their combined audience of over 400k, they are contributing to the rapidly growing Bitcoin Dogs community, especially as the presale sells out.

Users can check out the Bitcoin Dogs video to learn more:

 

Bitcoin Dogs (0DOG) is available to buy on the official website.

The bite behind the bark

As the 15th of March ICO end date draws closer and closer, early adopters of the Bitcoin Dogs 0DOG token will be looking ahead to what the project has in store for the rest of the year, as well as eyeing up 61% price gains before the presale concludes.

The Bitcoin Dogs game will begin beta testing in Q2, according to the official roadmap. This is one new feature that draws on popular gaming influences and bears similarity to established gaming titles.

The game involves raising virtual dogs, drawing on the gameplay of nostalgic favorites like Tamagotchi, and adding play-to-earn (P2E) and player-vs-player (PvP) mechanics like those in Axie Infinity and Bitcoin Cats, both of which have enjoyed success in the blockchain gaming or “GameFi” sector.

When the game officially launches in Q3, its PVP Dog Showdown events will also be unleashed, offering players the chance to race their virtual dogs against each other for potential financial rewards. Races are unlocked only when a dog reaches a high enough level; this will require plenty of love and affection, like daily care actions, as well as social sharing to earn in-game BARK tokens, essentially XP points.

Outside of the game, there are plans for players to collect digital dog NFTs, made up of an exclusive collection of 10,000, with a marketplace allowing gamers to buy, sell, and trade their pups. These NFTs will live on the Bitcoin blockchain itself, setting them apart from first-gen collections like Bored Apes. This is enabled by the devs’ clever use of Bitcoin Ordinals.

Predicting the outcome of 0DOG

As for the 0DOG token itself, the ICO is just the start. When the presale concludes on the 15th of March, 0DOG will be ready to reach a mainstream audience.

Major exchange markets have shown a significant appetite for BRC-20 tokens like 0DOG: daily trading volume for these coins is around the $400 million mark, and huge rallies have been commonplace for exchange-listed BRC-20 tokens.

Bitcoin Cats is one of these projects, and its 1CAT token has cranked out serious gains recently, achieving a 3x pump in December over the course of just a week. The coin now sits at around a $40 million market cap, a feat Bitcoin Dogs could replicate with 2024’s bullish sentiment.

AINN is another BRC-20 project that has enjoyed recent success. Launching in January, the token rallied over 600% in one month. Price action like this appears to be commonplace for this sector of the market.

Besides all of this, Bitcoin Dogs is looking well-timed to benefit from Bitcoin’s current bullishness. BTC seems to be stable above $50k in light of its ETF approvals in January, and with the next halving in April, more gains for BTC could follow. That could cause spillover gains for Bitcoin-based tokens like 0DOG.

After the presale ends on the 15th of March, the mass market will decide the price of 0DOG, so there’s no guarantee it will stay at the reasonable price of $0.0251 that it’s at now.

 

About Bitcoin Dogs

Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time ever, NFTs, gaming, and new token types come together, to offer the first ICO on the original Bitcoin blockchain. The truly permissionless immutability of Bitcoin is being harnessed to create the 0DOG token, while a play-to-earn (P2E) gaming experience and NFT collection are being developed exclusively for 0DOG holders.

For more information and to learn about Bitcoin Dogs (0DOG) users can visit the website.

• Website
• Whitepaper
• Socials

 

Contact

Bitcoin Dogs Team
Bitcoin Dogs
pr@bitcoindogs.club

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Bitcoin breaks $59k as explosive presale puts Pullix on investors’ radar

• Bitcoin price has spiked past $59k to see bulls target $60k.
• Pullix is seeing huge demand as it unveils a PLX bonus round.
• The price of Pullix could explode when the token lists for trading on Uniswap and BitMart in coming days.

The last 24 hours have seen the global cryptocurrency market cap rise a further 3.4% to hit $2.31 trillion, with Bitcoin (BTC) breaking above $59,000 amid signals of a parabolic run.

As the crypto market experiences fresh upside momentum, investors eyeing the potential windfall of returns from rallying altcoins have turned their attention to Pullix (PLX). The hybrid exchange platform has announced a bonus presale round after astronomical demand followed the initial close of PLX token sale.

BTC storms past $58k: What next as the crypto market cap hits $2.3 trillion?

A 5% spike in the price of Bitcoin pushed the benchmark cryptocurrency’s price to highs of $59,500 on Wednesday morning. The result was the bellwether’s market cap hitting $1.16 trillion, and the global crypto market cap rising to over $2.31 trillion.

With BTC price eyeing another leg above $59,000 – likely targeting the $60,000 level as support – analysts are suggesting the next major hurdle will be the all-time high reached in 2021.  The frenzy that has engulfed the spot Bitcoin ETF market and the coming halving are seen as key bullish catalysts.

While potential pullback scenarios are likely to crop up amid profit taking, the wash out of weak hands might fuel the next vertical move. Retail not being fully at the helm of the current momentum suggests the run to a new ATH in 2024 will be massive.

According to crypto analyst Michael van de Poppe, Bitcoin’s run since the lows after the FTX implosion has been remarkable. But there’s more coming – an epic bull run.

Pullix announces bonus sale round

On February 27, Pullix announced it was unlocking 10 million more PLX for a bonus buy round. The platform is now offering investors a chance to grab PLX before the token lists for trading on Uniswap on March 4, 2024.

Additionally, the exchange will reveal the PLX Launch Price to the community on the same day, with BitMart listing set for March 7. Ahead of these key dates, the chance to position with what could be a breakout project in the crypto trading landscape remains open.

Investors will find it attractive that in this bonus round, the price of PLX is still the heavily discounted $0.14 per token. 

Details on the Pullix presale page show investors have already grabbed over 2.4 million of the 10 million PLX bonus sale. 

With the highly anticipated market debut coming on March 4, how is the price outlook for this token that could rally hard amid outperformances for DeFi and meme coins?

Pullix price outlook ahead of PLX launch

With Pullix primed to introduce its hybrid exchange model, the best of decentralized (DEX) and centralized exchange (CEX) is coming to the crypto trading space.

A solution to the DeFi problem of liquidity and a compelling platform that brings crypto, stocks and commodities to the market stand out for Pullix. 

On top of this is a non-custodial approach that means users retain full control of their assets, and a revenue-sharing model that guarantees a share of exchange revenue for traders. Other opportunities for income streams include staking and yield farming.

Combined, these aspects make the current $0.14 per PLX a massive bargain. While the listing price is yet undetermined, its likely Pullix price will explode when it launches on Uniswap and BitMart in about a week.

A bullish outlook for the broader market, particularly with Bitcoin eyeing a major run suggests PLX could be the next 100x token.

More details on how to buy are on the presale page.

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Validation Cloud raises $5.8M to power enterprise adoption of Web3

• Validation Cloud announced it secured $5.8 million in a funding round led by Cadenza Ventures.
• The Switzerland-based company will use the funding to accelerate adoption of its infrastructure to help with enterprise adoption of Web3.

Validation Cloud, a Switzerland-based Web3 data streaming and infrastructure firm, has secured $5.8 million in a funding round led by Cadenza Ventures.

This is Validation Cloud’s first external financing round and funds raised will go towards promoting global enterprise adoption of Web3.

According to details in a press release, the oversubscribed round also attracted the participation of prominent global venture firms, including Blockchain Founders Fund, Blockwall, Bloccelerate, Side Door Ventures, GS Futures, Metamatic and AP Capital.

Validation Cloud to help Web3 enterprise adoption

Zug-based Validation Cloud is one of the leading providers of high performance, scalable products in staking, node and data to clients across the globe.

The company’s team include pioneers in proof-of-stake, validation cloud who have built for global industry giants such as Uber, Deloitte, Morgan Stanley and Citadel. Other major companies include Binance, Workday, Crypto.com and R3.

Describing itself as a talent-first company, Validation Cloud has employees across the world. Its operations include providing infrastructure support to companies and platforms in their early stages of development.

Alex Nwaka, the co-founder of Validation Cloud, noted in a statement that scalable and compliant infrastructure is needed to help “onboard the influx of enterprises embracing Web3.” 

The partnership with global investors accelerates the adoption of Validation Cloud’s suite of products by networks, builders, and asset managers, he added.

Kumar Dandapani, managing partner at Cadenza, commented:

“At Cadenza, we do not invest in just any company; we invest in the future of transformative technologies. Validation Cloud’s pioneering role in Proof-of-Stake and their relentless pursuit of next-generation Web3 infrastructure have set them apart as leaders in the Web3 space.”

“Cadenza is proud to lead this round and support Validation Cloud’s mission to bridge the gap between traditional enterprises and the expansive power of Web3,” Dandapani added.

Validation Cloud has partnered with established blockchain networks such as Chainlink, Stellar and Hedera, as well the emerging Aptos, Eigenlayer, and Berachain.

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Bitget Welcomes SORA Token to Its Trading Platform, Paving the Way for a Decentralized Economic System

Victoria, Seychelles, February 27th, 2024, Chainwire

Bitget, the leading cryptocurrency exchange and Web3 platform, is thrilled to announce the listing of SORA token (SORA) on its trading platform. SORA embodies a groundbreaking mission to democratize video creation, offering unprecedented access to state-of-the-art AI tools that empower creators, businesses, and enthusiasts to manifest their visions with efficiency, creativity, and simplicity.

At the core of SORA’s innovative platform lies its remarkable ability to generate videos up to a minute in length while preserving visual quality and adhering closely to the user’s prompt. With SORA, creators can harness the power of AI to produce captivating videos that captivate audiences and convey their messages effectively.

Furthermore, SORA distinguishes itself by its capability to generate intricate scenes featuring multiple characters, specific types of motion, and precise details of both the subject and background. This advanced functionality opens up endless possibilities for creators to explore and express their creativity without limitations.

“We are excited to add SORA token to our trading platform, offering our users access to a project that is at the forefront of building a decentralized economic system,” said Gracy Chen, Managing Director of Bitget. “SORA’s vision aligns with our commitment to driving innovation within the cryptocurrency space, and we look forward to witnessing the transformative impact it will have on the broader blockchain ecosystem.”

Bitget has consistently expanded its market presence in both spot and derivatives trading within centralized exchanges. In 2023 alone, the platform introduced over 350 new listings, showcasing its dedication to diversifying the digital assets available in its spot market. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between 40 mainnets.

For more information, please visit: https://ift.tt/VbBcgJw

 

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

For media inquiries, please contact: media@bitget.com

 

Contact

Rachel Cheung
media@bitget.com

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Bitcoin Cash, Stacks rally as BTC breaks $57k; KangaMoon eyes breakout presale

• Bitcoin Cash and Stacks are among altcoins to surge as Bitcoin price broke above $57k today.
• KangaMoon (KANG) is a new meme coin offering real-world value via a Social-Fi and play-to-earn (P2E) ecosystem.
• The project’s presale has accelerated into stage 2 as investors eye a potential 20x token.

Bitcoin Cash (BCH) and Stacks (STX) rallied as Bitcoin price broke above $57,000 to strengthen bulls’ attempts to reach the last bull market’s peak. BCH added 14% to trade at $303 while STX price jumped 24% to $3.14.

Elsewhere, Dogecoin pushed to $0.09 as meme coins looked to pump amid the BTC momentum. This sentiment cascaded into the presale market, where KangaMoon (KANG) is attracting huge attention from investors.

Bitcoin price spike pushes BCH, STX higher

Once Bitcoin broke above $54k, bears had no answer as the next few hours saw the benchmark cryptocurrency blast past $57k. According to TradingView data, $BTC price rose as high as $57,250 on US-based crypto exchange Coinbase.

The move saw millions of dollars in shorts liquidated, with $BTC accounting for over $189 million of the $271 million early Tuesday.

Although major altcoins posted slightly unimpressive gains, Ethereum still managed to cross above $3,200. Theta Network (THETA), Bitcoin Cash (BCH) and Stacks (STX) however outpaced the rest of the top 50 coins by market cap.

Analysts say these tokens could rally higher as BTC outperforms – particularly with the halving less than two months away. 

KangaMoon: The new era of MemeFi and play-to-earn

KangaMoon is a new project aiming to become the top meme coin by offering the crypto community access to the best of Social-Fi and play-2-earn (P2E).

The ERC-20 token will have a maximum supply of 1 billion tokens. 60% or 600 million tokens are available for presale, while 150 million and 100 million will go to in-game rewards and staking rewards respectively.

While an ecosystem filled with fun activities, KangaMoon also sets itself apart from the horde of meme coins out there with a layer of real-world value. Unlike Dogecoin or the many copycats it inspired, KangaMoon’s $KANG holds real utility that comes at every competition and challenge.

Holders of $KANG will have a chance to earn rewards or win major prizes in weekly, monthly or quarterly challenges. The best part of this project is that $KANG holders can start earning token rewards straightaway.

Once you acquire the utility token during the presale, you can begin to monetize your gaming time and accumulate more $KANG before the token launches post-presale.

What this project aims to do is foster a vibrant ecosystem where Socia-Fi and gaming combine to offer value that other meme coins don’t. The KangaMoon virtual world also includes NFTs.

KangaMoon price outlook: Will $KANG 20x in 2024?

According to a recent research report, the global P2E and NFT games market is estimated to expand by a CAGR of 21.3% to $6324.54 million by 2031. KangaMoon is poised to take this market by storm, having raised over 

The project’s presale offers meme enthusiasts and the crypto investing community a chance to grab $KANG and join a top tier play-to-earn ecosystem.

The presale is also an opportunity for early adopters to be part of a community-driven crypto project that analysts forecast could be a 20x token in 2024. 

With previous bull runs for Bitcoin coinciding with a later distribution of profits into alts, analysts see a rally for BCH and STX extending. Memecoins are also set to profit from this sentiment in coming months, and leading this new era will be KangaMoon (KANG).

Join the presale or learn more here.

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Bitcoin breaks $57,000 to reach within 20% of all-time-high

• Bitcoin breaks $57,000 as BlackRock’s IBIT hits record with $1.3 billion
• BTC could reach or break past its all-time high before the halving

Bitcoin’s pre-halving rally has seen the bellwether crypto reach $57,000, pushing to within just 20% of its all-time high of $69,000 in 2021.

After breaking past the $54,000 level, Bitcoin price extended its gains to above $57k late Monday. On Coinbase, BTC rose to $57,250, with total short liquidations reaching $271 million. Bitcoin accounted for $189 million of the liquidated shorts.

Ethereum’s surge to highs of $3,280 also saw over $67.8 million shorts liquidated.

However, altcoins were largely spectators to Bitcoin’s bullish show. Market intelligence platform Santiment shared this on X Tuesday morning.

“#Bitcoin has now scratched its way to a market value as high as $57,250, reaching within 19.9% of the $68.6K high established 27 months ago. Now at a pivotal moment, traders’ interest in $BTC is exceedingly high as #altcoins have temporarily taken a back seat.”

BlackRock’s IBIT trades $1 billion worth of shares

Bitcoin’s rally coincided with a stellar performance by spot Bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust ($IBIT) outpacing the rest. According to Bloomberg ETF analyst Eric Balchunas, $IBIT accounted for $1.3 billion of the total $2.4 billion volume recorded on Monday.

It's official..the New Nine Bitcoin ETFs have broken all time volume record today with $2.4b, just barely beating Day One but about double their recent daily average. $IBIT went wild accounting for $1.3b of it, breaking its record by about 30%. pic.twitter.com/MiCs1rzttM

— Eric Balchunas (@EricBalchunas) February 26, 2024

The upside momentum also followed news that MicroStrategy had purchased 3,000 BTC, bringing its total to 193,000 BTC acquired for a total $6.09 billion. The company’s latest BTC purchase was for $155 million.

Bitcoin was trading around $56,430 early morning on Tuesday.

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Bitcoin hits $56k, its highest level since November 2021: Are we seeing $60k soon?

Key takeaways

• BTC rallied by nearly 10% on Monday to reach the $56k level for the first time since November 2021.

• Bitcoin Dogs’ presale is officially closing in on the $5 million milestone.

Bitcoin eyes the $60k resistance level after hitting $56k

The cryptocurrency market began the week bullishly, with Bitcoin adding nearly 10% to its value on Monday. Thanks to its rally, BTC reached $56,740, its highest level since November 2021. 

At press time, the price of Bitcoin stands at $55,850, up by more than 8% in the last 24 hours. Thanks to the recent rally, Bitcoin’s market cap has now crossed the $1.1 trillion mark for the first time in over two years.

The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $60k if the bulls remain in control. 

What is Bitcoin Dogs?

With Bitcoin rallying, it is not surprising that other Bitcoin-related projects are also experiencing positive performances. One such project is Bitcoin Dogs. 

Bitcoin Dogs is a unique project that is launching on the Bitcoin network and is seeking to leverage the blockchain’s power to provide utility to its users. It is the first BRC-20 token ICO on the Bitcoin network.

According to their whitepaper, Bitcoin Dogs seeks to offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. With this, investors and users will enjoy an immersive experience when they engage with the Bitcoin Dogs project.

Bitcoin Dogs’ ICO comes barely a few weeks after the launch of spot Bitcoin ETFs in the US. The spot Bitcoin ETFs launched by BlackRock, Fidelity, and others are raking in record numbers as more investors buy into the Bitcoin dream. On Monday, Bitcoin spot ETF trading volume reached a new height of $2.4 billion. 

Furthermore, the Bitcoin halving is barely two months away and is an exciting event that happens every four years. All these contribute to the special nature of Bitcoin Dogs’ ICO in the market. 

Usually, most presales in the crypto market have been ERC-20 and BNB tokens. However, Bitcoin Dogs is setting a new trend by introducing $0DOG, its native token, as a novel BRC-20 ICO for investors on the Bitcoin blockchain. 

Bitcoin Dogs presale approaches $5m

The Bitcoin Dogs presale has already raised more than $4.8 million roughly three weeks after it was launched. Thus, indicating rising interest amongst investors for this project and its token. 

Per the whitepaper, there would be 900 million $0DOG tokens minted. Investors would also have access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi.

The team revealed that the presale will only run for a month and is already leveraging the rarity and novelty of BRC-20 to attract investors.

While the tokens will be minted on BRC-20, investors will buy the tokens on ERC-20. They will provide a BTC wallet address and receive $0DOG tokens after paying with ERC-20 tokens. You can pay for the $0DOG token using ETH, USDT and USDC stablecoins.

Click here to learn more about the Bitcoin Dogs presale.

Should you invest in the Bitcoin Dogs project as BTC rallies higher?

The cryptocurrency market has been bullish since the start of the year and BTC is taking the lead. Investors are already looking for new and exciting projects and Bitcoin Dogs could be one of the projects that is attracting interest. 

Bitcoin is rallying at the moment and projects related to BTC could record massive gains in the coming months and years. With the right level of adoption, $0DOG could become one of the gems of this Bull Run. 

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Memeinator presale to stage 16 as AI token demand sees Worldcoin hit a record

• Memeinator presale has raised nearly $5 million.
• AI tokens have seen increased demand as WLD reaches a new record price.
• MMTR benefits from AI trends and use cases in Web 3.0.

Memeinator’s (MMTR) presale success was underlined yet again as the token quickly sold out in Stage 15. Now, in presale stage 16, investors have bought more than $4.994 million worth of tokens. Memeinator, despite being non-AI token, has been benefiting from the growing popularity of generative AI. That’s partly because it capitalises on AI to grow its role as a meme coin terminator. As this happens, Sam Altman’s AI token, Worldcoin (WLD), reached a new record price. The confluence of factors benefits Memeinator in its endeavour to become the most traded meme coin. Let’s discover more.

The rising demand for AI tokens pushes Worldcoin to a record

Worldcoin is a token on demand. After launching last year with pomp and colour and a bit of controversy, the token is back to its best. Increased speculation in AI cryptocurrencies saw WLD reach a record price above $9.

Similarly, Worldcoin’s Worldapp saw increased signups last week. The number of daily users rose past 1 million, the key possible reason for the rise in the price of the token.

Investors, from stocks to cryptos and applications, have been rushing to invest in AI-facing projects. This comes amid expectations that AI will become the next big thing. AI company stocks such as NVIDIA are also trading at elevated levels in line with these expectations.

Launched in July 2023, Worldcoin debuted with its unique plan of giving users a global digital identity. Crafted from the depths of AI, Altman hoped that the ID would provide users with a tamper-proof identity. Consequently, WLD price has benefited from increased demand for AI assets. 

Memeinator: A meme presale benefiting from AI and GameFi trends

Since launching a presale, Memeinator has been in high gear. Investors have been attracted to the project’s unique role in the meme sector and utilities in Web 3.0.

Memeinator pushes the boundaries of what was considered realistic with its idealistic meme promise. The project focuses on destroying meme cryptocurrencies that have failed in their quest to offer value. This is informed by the fact that the rapid growth of memes has seen low-quality and non-original coins thrive.

The project’s mantra is simple: feed these subpar tokens into a playable game and destroy them. Players engage in enemy combats consisting of the target tokens to take them into oblivion. This unique promise has resonated well with the meme community, who have quickly embraced the project.

From the project’s focus, Memeinator leverages GameFi trends, a key feature fueling adoption. Besides, AI informs the identification of target coins. The AI scans the web for enemy projects for destruction. Using AI is an advantage to Memeinator as it can leverage the current trends to become famous.

By playing a never-ending role in meme crypto destruction, many analysts expect Memeinator to become viral. As such, Memeinator will grow popular and become the most traded meme coin. The focus is to become a more than $1 billion market cap giant and dislodge its peers from the top.

To keep the momentum strong, Memeinator has set aside 15% of the amounts raised in presale for marketing. The project invests heavily in marketing and focuses on listing the token on the best exchanges. This has set MMTR for a robust trajectory of price increases and profitability.

Memeinator: Should you invest in Memeinator?

A presale success tips Memeinator token for a huge success. The project is now past halfway through the presale in Stage 16 out of the total 29 stages. The token is expected to be listed soon, upon which increased demand will unlock its price.

MMTR’s price also rises at every stage of the presale. Investors might want to capitalise on the token before the next stage by buying MMTR at an attractive price.

To invest in the Memeinator presale, investors can visit the project’s official website page.

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Circle and OVERDARE partner for mobile gaming and web3 integration

• OVERDARE partners with Circle for Web3 integration in mobile gaming, empowering creators worldwide.
• Integration of Settlus network by OVERDARE ensures transparent revenue distribution on blockchain.
• The global launch of the OVERDARE platform is expected in the second half of 2024.

In a significant milestone in the convergence of blockchain technology and mobile gaming, OVERDARE, a joint venture backed by gaming giants KRAFTON and NAVER Z Corporation, has announced a strategic partnership with Circle Internet Financial.

This collaboration aims to reshape the landscape of mobile user-generated content (UGC) gaming by integrating Circle’s Programmable Wallets into the OVERDARE platform, facilitating seamless transactions and empowering creators worldwide.

Empowering creators with web3 integration

At the core of this alliance lies OVERDARE’s innovative UGC mobile gaming platform, aptly named OVERDARE. Designed with advanced AI-generative tools and features, the platform promises an immersive experience tailored to both gamers and creators. Additionally, OVERDARE introduces the ‘OVERDARE Studio,’ a comprehensive PC-based creative suite offering innovative tools for creators to personalize gaming experiences within the platform.

To enhance the creator-centric ecosystem further, OVERDARE integrates the Settlus network, simplifying interactive content licensing and enabling transparent revenue distribution on the blockchain. This integration streamlines asset ownership, licensing, and monetization, fostering a scalable model for creators across different platforms.

In a bid to revolutionize IP and income management, OVERDARE leverages Circle’s Programmable Wallets for IP trading and USDC revenue payouts. This solution ensures a seamless transition for creators from traditional Web2 platforms to Web3, emphasizing user-friendly asset management and secure transactions. The partnership with Circle provides creators with reliable access to their earnings, empowering them to thrive in the burgeoning metaverse and gaming sectors.

As the global launch of the OVERDARE platform approaches in the second half of 2024, excitement continues to build within the gaming and blockchain communities. This partnership signifies a significant step towards realizing the potential of Web3 integration in mobile gaming, empowering creators and revolutionizing the digital entertainment landscape.

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Ethereum price sits comfortably above $3k as Bitcoin Dogs thrives

Ethereum price made a strong bullish breakout during the weekend as it remained comfortably above the resistance at $3,000. It has risen in the past three straight weeks and is hovering at its highest point since April 18th. The coin has jumped by more than 258% from the post-FTX crash low. Meanwhile, Bitcoin Dogs has continued to gain popularity as it raised over $4.4 million.

Ethereum price surges

ETH has made a strong bullish breakout in the past few days even as Bitcoin has remained in a narrow range. The coin now sits above the important resistance point at $3,000 and analysts believe that it has more upside going forward. 

It has jumped as investors anticipate more demand ahead of a potential spot ETF approval. Eight companies like VanEck, Blackrock, and Franklin Templeton have all applied for a spot ETF. As such, following the recent approval of a BTC ETF, analysts believe that the SEC will have no choice but to approve it.

Therefore, the ongoing ETH surge mirrors that of Bitcoin, which jumped sharply ahead of its ETF approval a few months ago. It moved from less than $25,000 to over $45,000 towards the spot ETF approval.

Notably, demand for Bitcoin has remained at an elevated level as companies like Blackrock, Fidelity, and Ark Invest have added billions of dollars in inflows. Only the Grayscale Bitcoin Trust (GBTC) has lost money, which is understandable because of its substantial fees.

Ethereum price has also jumped because of its strong market share in key industries like Decentralized Finance (DeFi) and gaming. Some of its key dApps like Uniswap and Compound jumped during the weekend after the recent proposal to reward UNI holders.

Bitcoin Dogs is thriving

The other notable crypto news is that Bitcoin Dogs, an upcoming cryptocurrency is thriving. Data compiled by its website shows that the developers have now raised over $4.4 million in less than two weeks and inflows are growing daily.

This is a major move since it is happening at a time when Bitcoin has stalled at $51,000 and has struggled to move above that level several times in the past few days. However, on the positive side, the coin has formed a bullish flag pattern, which is a positive thing.

For starters, Bitcoin Dogs is an upcoming cryptocurrency that is the first ICO in Bitcoin’s ecosystem. It will be made of a collection of 10,000 NFT collection and a gaming platform. Bitcoin Dogs will also have the $ODOG token that will power the network.

Therefore, there is a likelihood that Bitcoin Dogs will continue thriving now that it has a bullish momentum. If this happens, the most likely scenario is where it raises over $5 million in the coming days. You can read more about Bitcoin Dogs in this white paper.

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As Bitcoin holds key level, investors are aware of Bitcoin Dogs

• Bitcoin Dogs (0DOG) is crypto’s pioneering ICO on Bitcoin blockchain.
• Analysts say Bitcoin is entering a new era with Layer-2 and BRC-20 tokens.
• 0DOG presale is selling out fast amid massive investor interest, raising more than $4.3 million in just ten days.

Cryptocurrency markets have experienced a significant sentiment boost in the last two months and investors keen to ride the upcoming momentum might fancy the extremely bullish aura surrounding Bitcoin (BTC).

The flagship cryptocurrency, currently showing a resilient outlook above $50k, however has another ecosystem quickly growing around it – the Bitcoin Layer-2 and BRC-20 token standard. One particular project is the focus of crypto investors – Bitcoin Dogs.

Bitcoin Dogs (0DOG): Pioneer ICO on Bitcoin takes market by storm

The Bitcoin Dogs (0DOG) project is on the cusp of entering a new phase with its $0DOG token market launch. Ahead of this highly-anticipated development, the attention of the crypto investing community is on the groundbreaking ICO launched just ten days ago.

An initial coin offering for a dog-themed NFT and game platform on the flagship Bitcoin network is historic. The potential for an enduring legacy is also massive. If you combine these two with the raging bull that’s shaping up for 2024 and beyond, Bitcoin Dogs stands out as one of the top altcoins to invest in today.

Investors have thus poured over $4.3 million into the Bitcoin Dogs ICO. With ten days of the 30-day ICO gone, the next two weeks could be critical for anyone looking to take a position.

Bitcoin (BTC): Growth for L2s and BRC-20

A recent report by the Binance Research team revealed that the Layer-2 network on Bitcoin and the BRC-20 token standard are two themes to watch in 2024. 

The idea here is the Bitcoin ecosystem is primed for an explosive growth around memes, NFTs, DeFi, and GameFi. Inscriptions volume on Bitcoin have surpassed 60 million, the team posted on X.

Driving the narrative further is the OG blockchain network’s strengths and market dominance. The approval of the spot Bitcoin ETFs, upcoming halving and the broader bullish outlook for crypto adds to the possibility the new era for Bitcoin is just getting started. 

Analysts at investment firm Pantera Capital recently noted that the Bitcoin L2 and BRC-20 ecosystem is an untapped half-trillion dollar market.

What’s the outlook for Bitcoin Dogs?

Market experts see Bitcoin (BTC) price spiking to a new all-time high in coming months, helped by the supply shock that comes with the block reward halving. Wall Street demand is also heating up, adding to the potential run past the $69k ATH reached in 2021.

As such, Bitcoin Dogs is launching its new project within an ecosystem poised for growth. It’s this that could explain 0DOG presale sweeping through the market. Is the current presale price of $0.0224 therefore an opportunity for a low entry point?

Do you think Bitcoin will reach a massive valuation in the coming months and years? 

Check out the Bitcoin Dogs whitepaper (accessible here) to learn more about how this project is set to tap into the NFTs and gaming arena on Bitcoin. 

You can also join the community on X or Telegram to get the latest information.

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Rebel Satoshi DEX Launch Ahead Forces Investors To Take Last Opportunity On Presale While Hedera (HBAR) Climbs

TLDR

• Soon-to-be-launched Rebel Satoshi plans to officially launch in a few days, with a presale ending on the last day of the month.
• Hedera climbs to a yearly high amid high trading activity within SaucerSwap and the addition of a new member within its governing council.

Hedera is one of the most unique top crypto coins, an unparalleled alternative to the countless blockchains. The hashgraph has grabbed headlines, causing a climb on the charts.

Another noteworthy crypto story is the upcoming DEX (decentralized exchange) launch for Rebel Satoshi ($RBLZ), a revolutionary meme coin. The last opportunity to join this project’s presale is available even with the clock ticking.

Find out more about Rebel Satoshi before looking at the rise in Hedera.

DeFi Revolution Precedes The Soon-To-End Rebel Satoshi Presale

Rebel Satoshi is a new community-focused meme token with Satoshi Nakamoto as its lifeblood. It honors their invention of Bitcoin (which inspired countless top DeFi coins) by spearheading a movement against modern legacy financial establishments. Another role model is 16-century conspirator Guy Fawkes, who represents social justice with Rebel Satoshi’s goal of transferring wealth from the elites to the masses.

Rebel Satoshi is also a celebration of defiance through meme culture, resulting in a fun, imaginative environment. The meme token plans to be worth $100 million in market cap, a compelling valuation to help Rebel Satoshi become more prominent.

It will also allow the project to reward its fellow rebels with the $RBLZ token as the centerpiece. This is an ERC-20 coin with a capped supply like HBAR of (250 million) allocated as follows:

• 50% for the presale (125 million)
• 20% for liquidity pools (50 million)
• 15% for staking rewards (37.5 million)
• 10% for marketing (25 million)
• 5% for treasury (12.5 million)

The most crucial aspects of $RBLZ are its benefits that result in higher liquidity and better blockchain security. Staking is an integral benefit, where users earn excellent returns by ‘locking up’ their existing $RBLZ. The second benefit is entry into the Rebel Artefacts Vault, an enchanting NFT marketplace comprising 9,999 unique collectibles and digital art characters.

Early participants with the most $RBLZ holdings are privileged with extra perks like insider updates, clandestine meetings, governance power, and induction into the Rebel Meme Hall of Fame.

The presale for Rebel Satoshi is about to conclude on February 29, 2024. $RBLZ has risen 140% since the first round from $0.010 to the present-day $0.024. 

In a nod to Guy Fawkes, Rebel Satoshi will ‘burn’ any unsold $RBLZ before the developers list the token on decentralized exchanges for $0.025. Moreover, it plans to go live on March 4, 2024, preceding a much-awaited DeFi revolution!

HBAR Reaches Peak TVL; Mondelēz Joins Hedera Governing Council

HBAR has recently hit a monthly high of $0.117 (now trading for $0.103), 77% higher compared to the January 2024 low of $0.66. Two catalysts explain this rise for HBAR. The first is the buzz within Hedera‘s crypto trading protocol SaucerSwap, a lesser-known name when considering the best DeFi projects.

Yet, the platform’s performance contributes to nearly 100% of Hedera’s total value locked (TVL), currently valued at $121.7 million (according to DeFi Llama). SaucerSwap is enjoying a climb in transactions, at one point processing over $20 million in trading volume in 24 hours, according to CoinGecko.

The next catalyst is the addition of a new member to Hedera’s elite governing council in Mondelēz. The large food company becomes the 31st member, joining an elite group consisting of IBM, Boeing, and Google, among other giants. Hedera welcomed another major organization in Hitachi in 2024 before Mondelēz.

Ultimately, sentiment for Hedera is favorable, along with bullish predictions hinted for HBAR. Estimates indicate that HBAR may surpass $0.40 by 2025.

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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Institutions Buying Top-Tier Cryptos, But 100X Returns Are Only In Presales Like $GFOX

Since the massive Bitcoin price dip in 2022, market analysts, enthusiasts, and investors have anticipated a major bullish run for the famous cryptocurrency. Statistics so far for 2024 suggest that $BTC will cross new territories in 2024. It is, however, still unclear how far $BTC will go and the potential profits for investors. While skepticisms about $BTC’s price continue, there has been more optimism that new memecoins like $GFOX will be investors’ best bet in 2024.

Major Crypto Investments in 2024

Data from the crypto market has shown that $BTC is enjoying a price resurgence. Since the SEC approval of a Bitcoin ETF in January, $BTC has experienced major price changes with ripple effects across the crypto space. With $BTC’s price at almost $52,000, more investors and whales have begun to show interest in the crypto market.

One of the major investors in February 2024 is Peter Thiel. The popular billionaire, who has been active in the financial market for decades, is not new to the operation of the crypto market. Thiel has expressed his support for the crypto market on several occasions, hinting that the blockchain network is an impressive alternative to the regulated financial market. Hence, it’s no surprise that Thiel’s venture capital firm, Founders Fund, has reportedly invested over $200 million in bitcoin and other tokens.

There have also been reports that major crypto whales have invested over $6 billion in the market this year alone.

While these investments can be linked to the SEC’s approval, there are a few underlying factors that have influenced recent market sentiments and $BTC’s price surge. These factors include:

• ETF Easing: Although it took a couple of days for crypto enthusiasts to get over the impact of the SEC’s approval on the market, the market has moved from the initial frenzy to more stable price levels. Long-term investors are familiar with the mechanics of the crypto market, so most waited until the selling pressure from ETF investors had piped down to invest in the coin. Thus, their investment has further boosted $BTC’s steady price.

• Long Positions: Long-term investors and whales control market price and trends, and in their characteristic manner, they are holding onto their $BTC and creating limited supply. With limited supply comes increasing demand and a subsequent price increase.

• Fear of Missing Out (FOMO): The trend of buying while the price is rising is common among crypto enthusiasts and newbies who want to make a quick profit from the rising price trends. This further increases the frenzy about cryptocurrencies, and although it is short-lived, it also increases their price. 

There is a probability that some ETF investors will cash out their profits now that the $BTC price is surging. This action will likely lead to a price correction, which will leave many newbies and enthusiasts at a loss. 

Due to the uncertainty of the possible actions of whales and ETF investors, others are looking towards more stable coins like $GFOX. The coin has maintained a steady price record.

Why is there a growing interest in GFOX?

Since its launch in 2023, Galaxy Fox ($GFOX) has quickly become a top pick among investors for potential high returns of up to 100x. Having generated over $3.5 million in its ICO, it’s no surprise that $GFOX has earned the market’s attention.

$GFOX is no ordinary meme coin. The coin blends meme fun with play-to-earn (P2E) features that offer gamers the opportunity to earn passive income while playing their favorite games. The $GFOX Web3 Endless Runner game allows players to compete for GFOX tokens; top performers even get rewarded with additional tokens and in-game goodies.

Unlike many meme coins, $GFOX is designed to maintain its value by reducing its supply over time. According to the coin’s whitepaper, its supply will be maintained through token burning, making it a scarce and valuable asset.

GFOX equally prioritizes its user base. A portion of every transaction goes towards the Galaxy Fox Stargate, a treasury dedicated to community development and initiatives. With its ongoing ICO, $GFOX presents a potential goldmine for early investors. 

With a current price of $0.002178, analysts predict that GFOX could cross the $5 million mark by Q2 2024. This is a potential 100x gain for early adopters. If you’re a tech-savvy investor seeking high potential returns or a gamer looking for a fun way to earn crypto, Galaxy Fox is your best bet. 

Join the GFox Presale

Final Thoughts

The crypto market appears to be doing well in 2024, especially with $BTC leading the current price surge. However, the market’s price ride is hinged on the decision of whales to hold their coins or sell for profits. This uncertainty may be a huge risk for newbies and investors with a small budget. 

With the ongoing GFOX presale, you can earn 100x your current investment when the coin is listed on a DEX. The memecoin has shown strong price potential over the last few months and has the potential for more in the coming months. There’s no better time to buy GFOX than now.

 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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US prosecutors want Changpeng Zhao to surrender all passports

• US prosecutors seek court orders compelling former Binance CEO Changpeng Zhao to surrender his passports.
• The government wants Zhao’s bond conditions to ensure he doesn’t travel out of the US ahead of his sentencing.
• Zhao pleaded guilty to breaking the federal anti-money laundering law.

US prosecutors have filed a motion requesting that former Binance CEO Changpeng Zhao be asked to surrender his travel documents ahead of his sentencing in April this year.

The US Attorney’s Office, in a filing at the District Court for the Western District of Washington, requested Magistrate Judge Brian Tsuchida to approve additional travel restrictions against Zhao.

US Attorney’s Office eyes travel restrictions for Zhao

As noted in the court document filed on February 23 by US Attorney Tessa Gorman, the government wants Zhao’s bail conditions specified.

The former Binance chief stepped down in 2023 as US authorities announced a $4.3 billion settlement with the exchange. His exit also happened after he (Zhao), pleaded guilty to charges related to money laundering at the exchange.

The sentencing hearing is scheduled for April 30 and prosecutors want the former Binance CEO to remain in the United States till then. They also want him to notify the prosecution ahead of any travel plans, with the request being that he give a three-day notice to allow prosecutors raise objections.

With this, the US Attorney’s Office has asked that Zhao surrender his Canadian passport as well any other travel documents, including expired passports. Zhao’s request for court permission to travel to the UAE – where he holds citizenship – was denied in December.

Judge Richard Jones ordered that Zhao stay in the US ahead of his sentencing, citing the ex-Binance CEO’s massive wealth and lack of US ties as factors that could see him flee to the UAE.

Zhao, however, remains free on the $175 bond set in November last year.

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FTX to sell European subsidiary for $33 million

• FTX sought to claw back $323 million from founders of FTX Europe, a crypto platform the bankrupt exchange acquired in 2021.
• According to court documents, FTX argued the exchange had overpaid for the startup.
• The settlement means FTX Europe founders will now buy back their company for $32.7 million.

FTX, the bankrupt crypto exchange that shocked the crypto world when it imploded in 2022, has agreed to sell its European subsidiary to the original owners.

After dropping a case that sought to claw back money used to buy the Europe-based crypto startup, FTX agreed to sell it back to its founders for $32.7 million.

The settlement is well below the $323 million FTX spent on the deal in 2021.

FTX sells assets of FTX Europe back to founders

According to documents filed in the bankruptcy court in Wilmington, Delaware on Thursday, FTX has settled with founders of FTX Europe. Formerly Zurich Digital Assets DA AG before a rebranding, FTX Europe was the crypto exchange’s gateway to the European market.

Now it’s part of FTX’s ongoing efforts to claw back money allegedly misspent on deals, ostensibly led by founder and former CEO Sam Bankman-Fried. The disgraced Bankman-Fried is in jail awaiting sentencing after a jury returned a guilty verdict on all charges, including fraud, last year.

In its settlement with FTX Europe, the bankrupt crypto exchange noted that the deal to sell back the company to its founders constituted the best outcome for FTX creditors. The FTX team contended that the European-based subsidiary was unlikely to attract any bids.

While it overpaid when acquiring the Switzerland-based Digital Assets DA AG, this settlement ends any likely long litigation given FTX Europe had filed a counter lawsuit.

Patrick Gruhn and Robin Matzke, the founders of DA AG, denied the FTX allegations in their lawsuit and sought $256.6 million from the bankrupt exchange. Matzke told Reuters that the settlement with FTX “was a good result.”

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Pangolin (PNG) price prediction after 234% surge in a day amid Bitcoin Dogs frenzy

• Pangolin (PNG) surged 234% in 24 hours, hitting $0.31.
• Technical indicators hint at short-term correction, but bullish momentum persists.
• Bitcoin Dogs presale raises $4,241 in slightly over a week.

Pangolin (PNG), the native governance token of the Pangolin DEX, has experienced an unprecedented surge, catapulting to multi-month highs amidst a frenzy surrounding a new canine-themed NFT project called Bitcoin Dogs that’s conducting the first of its kind ICO on the Bitcoin blockchain.

The PNG token soared by an astonishing 234% in just 24 hours, reaching highs of $0.31 as trading volume skyrocketed by a staggering 5500% as we had highlighted in our earlier news coverage.

Pangolin (PNG) price chart

 

Pangolin (PNG) price: a thrilling rally

Pangolin’s remarkable price surge marks a significant milestone for the multi-chain DEX platform, which has been gaining traction amidst the backdrop of Bitcoin’s battle to maintain the $50,000 level. The surge in PNG price is a testament to the growing enthusiasm among investors for decentralized finance (DeFi) projects, particularly those driven by community initiatives.

Pangolin’s native token, PNG, has not only seen an extraordinary uptick in price but also in its trading volume. Within a day, the 24-hour trading volume catapulted by an astonishing 5500%, soaring to over $4.7 million. This surge propelled the Pangolin market cap to over $54 million, doubling within a mere 24 hours.

PNG, being 100% distributed to the community without team, advisor, or investor allocations, has attracted a wave of interest, resulting in a substantial increase in daily trading volume.

The recent price explosion for PNG is a departure from its struggles to breach the $0.12 mark since December. It indicates a renewed activity and optimism within the community-driven project, which has been further fueled by a new team taking the reins and outlining an ambitious roadmap for Pangolin’s comeback.

Pangolin price prediction

As PNG continues its upward trajectory, investors eagerly anticipate its future movements. Technical indicators on the 4-hour chart suggest a potential correction in the short term, with the Relative Strength Index (RSI) indicating a cooling of buying pressure. However, the RSI line remains comfortably above its Simple Moving Average (SMA) line, suggesting that buyers still hold strength, leaving room for further upward movement.

Should PNG manage to close the daily candle above the $0.19895 resistance level, it may establish a strong foundation for continued growth in the following 72 hours. Analysts predict that the Pangolin price could go as high as $0.4 by the end of next week if the token maintains the current bullish momentum.

However, failure to overcome this resistance level could lead to a retracement towards the immediate support at $0.13500, potentially pushing the price back into a previous sideways channel.

Bitcoin Dogs frenzy and 0DOG presale

Amidst the excitement surrounding Pangolin’s surge, the crypto community finds itself captivated by the allure of Bitcoin Dogs, an innovative project at the forefront of the blockchain revolution. Bitcoin Dogs offers a unique blend of crypto and canine companionship, where dog lovers and crypto enthusiasts converge to trade, collect, and engage in a barking-good time.

At the heart of the Bitcoin Dogs ecosystem lies the Dogaverse, a virtual playground where users can immerse themselves in a world of playful interactions and rewarding opportunities. The 10k Ordinals NFT Club adds an extra layer of excitement, allowing users to collect and trade unique digital assets within the Dogaverse.

Currently, Bitcoin Dogs is hosting the 0DOG presale, the first-ever ICO on the Bitcoin blockchain. With prices climbing every 3 days, early adopters have the opportunity to secure their piece of the Bitcoin Dog pie at a favourable rate. The presale has already raised a staggering $4,241,493.33, with investors eagerly anticipating the next stage price of $0.0251.

To participate in the Bitcoin Dogs ICO, visit the Bitcoin Dogs website to purchase a share of the 810 million 0DOG tokens available for the presale.

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