Venom Continues Global Expansion with Listing on Coins.ph

Manila, Philippines, July 31st, 2024, Chainwire

Venom Foundation is thrilled to announce that $VENOM is now listed on Coins.ph, the leading crypto platform in the Philippines with over 18 million users. This strategic move represents the next significant step in Venom’s global expansion efforts, particularly into the dynamic Southeast Asian market.

Key Highlights

Expanding Reach in Southeast Asia: Coins.ph provides a robust platform for $VENOM, offering increased accessibility to a vast and engaged user base. With over 18 million users, Coins.ph is instrumental in the adoption and exposure of crypto in the region, making it an ideal partner for Venom’s continued expansion.

Enhanced Liquidity and Market Presence: Listing $VENOM on Coins.ph will enhance the liquidity and market presence of the token. Filipino users will now have the opportunity to trade $VENOM easily, benefiting from the seamless and user-friendly experience that Coins.ph is known for. This listing not only broadens $VENOM’s availability but also reinforces Venom’s commitment to making blockchain technology accessible to everyone.

Increasing Accessibility in the Philippine Market: As the largest crypto exchange licensed by the central bank in the Philippines, Coins.ph plays a crucial role in the local blockchain ecosystem. Listing $VENOM on Coins.ph enhances the accessibility of our token, allowing more users to easily trade and interact with the project.

Strategic Alignment with Global Expansion: This listing aligns with Venom’s strategic goal of global expansion, particularly into Southeast Asia. By partnering with established and reputable exchanges like Coins.ph, Venom is poised to extend its reach and influence across key markets worldwide. The Philippines, with its dynamic and rapidly growing crypto community, represents a critical market for Venom’s international growth strategy.

Leadership Perspective

Jen Bilango, Country Manager – Philippines at Coins.ph, expressed enthusiasm for the partnership: “At Coins.ph, we are excited to announce the listing of the VENOM token on our platform. This aligns with our mission to drive financial inclusion and empower our 18 million users with innovative blockchain technology. We look forward to helping VENOM grow its presence in the Philippines and supporting its integration into global financial structures.”

Christopher Louis Tsu, CEO of Venom Foundation, commented on the new listing: “Listing $VENOM on Coins.ph is a strategic step in our global expansion strategy into Southeast Asia. Coins.ph’s extensive user base and reputation in the Philippines make it an excellent partner for Venom. This listing not only enhances the accessibility of $VENOM but also strengthens our presence in the vibrant Southeast Asian crypto market. We are excited to bring Venom to a wider audience and look forward to furthering our mission of global blockchain adoption.”

About Coins.ph

Launched in 2014, Coins.ph is the most established crypto brand in The Philippines and has gained the trust of more than 16 million users. Through the easy-to-use mobile app, users can buy and sell a variety of different cryptocurrencies and access a wide range of financial services.

Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.

To learn more, uses can visit https://coins.ph

About Venom Foundation

Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms.

For more information, users can visit https://venom.foundation

 

Contact

Venom Foundation
media@venom.network

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Bybit introduces digital rupee payments for Indian users

• Bybit adds digital rupee (eRupee) payments for Indian users to enhance security.
• Bybit also supports bank transfers and Paytm for diverse payment options in India.
• Despite past challenges, Bybit aims to attract more merchants and grow in India.

Crypto exchange Bybit has expanded its payment offerings for peer-to-peer (P2P) transactions for its Indian user base, with the addition of the digital rupee, known as eRupee.

This new addition, announced in a recent press release, aims to enhance the security and efficiency of financial transactions for Indian customers.

The eRupee aims to shield Bybit users from cyber attack

Bybit’s decision to introduce the digital rupee responds to feedback from local INR merchants concerned about the security risks associated with traditional banking transactions.

The company highlighted that by adopting eRupee, merchants could significantly reduce the risk of cyber-attacks on their bank accounts. This move is expected to foster a more secure financial ecosystem, benefitting all stakeholders involved.

In addition to the digital rupee, Bybit continues to support other payment methods for its Indian users. These include bank transfers in Indian rupees for deposits and withdrawals, as well as third-party payment providers such as Paytm.

This variety of payment options aims to cater to the diverse preferences and needs of Bybit’s growing user base in India.

Joan Han, Bybit’s Sales and Marketing Director, emphasized that integrating eRupee aims to improve the payment experience for INR users. Han noted that this enhancement is part of Bybit’s broader strategy to attract more merchants to the platform, thereby driving business growth and expanding the exchange’s services within the Indian market.

Bybit seems to overcome the challenges in India

This development comes despite the recent challenges Bybit faced in India.

In March, Apple removed the Bybit app from its App Store in India, impacting access for Indian iPhone and MacBook users.

Additionally, in December 2023, India’s Financial Intelligence Unit identified several crypto exchanges for non-compliance with local anti-money laundering laws. However, Bybit was notably not among the listed exchanges.

Bybit’s proactive steps to incorporate the digital rupee demonstrate its commitment to addressing local market needs and enhancing the user experience, positioning itself as a resilient and adaptive player in the Indian crypto market.

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Russia set to legalize crypto and launch digital ruble for public use in a years’ time

• Russia to legalize cryptocurrencies for international settlements by September 1.
• Digital ruble to launch for widespread use by July 2025 after pilot tests.
• The new measures aim to ease transaction difficulties due to international sanctions.

In a significant move to adapt to international economic pressures, Russia is set to legalize cryptocurrencies for international settlements and launch its central bank digital currency (CBDC), the digital ruble, by July 2025.

These initiatives aim to bolster the country’s financial resilience amidst ongoing sanctions and economic challenges.

Proposed legislation to take effect on Sept. 1 if passed

The proposed legislation to legalize cryptocurrencies for international settlements, if passed, will regulate digital assets like Bitcoin under the same framework as foreign currencies.

Anatoly Aksakov, head of the Duma’s financial market committee, stated that this new bill, scheduled to take effect on September 1, will ease the transactional difficulties Russian companies face due to sanctions.

The move comes after President Vladimir Putin signed Russia’s digital ruble bill into law, highlighting a significant shift in Russia’s stance on cryptocurrency.

Russia’s struggle with international transfers since the Ukraine conflict began in January 2022 has prompted creative solutions.

With many sanctioned countries like Venezuela already using crypto for international settlements, Russia’s new legislation reflects a broader trend.

However, compliance with the new regulations may limit participation to large and mid-size companies, as noted by crypto analyst Ani Aslanyan.

The increased scrutiny from countries like the US is anticipated if the bill is passed, especially following fines like Lithuania’s €9.3 million penalty on crypto firm Payeer for sanction violations.

Bank of Russia to launch digital ruble to the public by July 2025

Simultaneously, the Bank of Russia is gearing up for the widespread use of the digital ruble by July 2025.

The digital ruble, a blockchain-based digital currency, has been in development since 2017, initially referred to as the “crypto ruble.”

Following successful pilot tests involving 600 employees from 13 banks, the transition to this CBDC is expected to be gradual, ensuring convenience for users.

Elvira Nabiullina, the central bank governor, emphasized that the digital ruble would complement existing cash and non-cash rubles, not replace them.

These initiatives signify Russia’s strategic adaptation to a rapidly changing global financial landscape.

By leveraging cryptocurrencies and digital currencies, Russia aims to mitigate the impact of sanctions and foster more robust international trade channels.

As the country navigates these economic waters, the effectiveness of these measures will be closely watched by both supporters and critics on the global stage.

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Trust Wallet partners with TON to boost blockchain adoption

• Trust Wallet partners with TON to leverage Telegram’s user base for GameFi and DApps.
• The integration enables 100 million users to send and receive Toncoin (TON) tokens.
• Future plans include TON Connect, DApps integration, and TonKeeper wallet imports.

In a strategic move to further blockchain adoption, Trust Wallet, a leading self-custody Web3 wallet provider, has announced its partnership with The Open Network (TON).

This collaboration aims to leverage Telegram’s extensive user base to enhance the integration of gaming finance (GameFi) and decentralized applications (DApps), promising seamless transactions with TON tokens.

Trust Wallet users can now send and receive Toncoin (TON) tokens

This partnership allows Trust Wallet’s 100 million users to send and receive Toncoin tokens effortlessly.

According to Nate Zou, Head of Product at Trust Wallet, the integration will provide users with greater access to the TON ecosystem, including features like single-chain and cross-chain swaps and potential support for TON NFTs.

The integration will not only improve user interactions with TON’s blockchain technology but will also enable imports of the TonKeeper wallet into the Trust Wallet in the upcoming weeks.

Additionally, Trust Wallet plans to incorporate further functionality in the coming months, such as integrating TON Connect and various TON DApps.

Zou emphasized that this partnership is a natural progression for Trust Wallet, aligning with their community-driven and user-friendly approach.

Trust Wallet’s commitment to open-source solutions

Trust Wallet’s commitment to open-source solutions is further demonstrated by its recent release of Barz, an ERC-4337-compatible smart wallet.

Launched on May 29, Barz aims to help developers overcome wallet challenges and limitations, thus promoting blockchain and Web3 adoption.

Luis Ocegueda, Head of Engineering at Trust Wallet, highlighted that open-source solutions provide opportunities for developers to explore innovative ideas that may not have been previously considered.

The partnership between Trust Wallet and TON signifies a significant step forward in the blockchain space, promising enhanced functionality and a more seamless user experience.

As the integration unfolds, users can expect a host of new features designed to streamline their interactions with blockchain technology and expand their access to the growing TON ecosystem.

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Whales accumulate more Bitcoin after latest pullback

• Whales scoop Bitcoin as pullback dents bulls’ momentum
• Bitcoin price touched lows of $65,911 as US government transferred its Silk Road BTC

Bitcoin pulled back from its intraday highs around $70k on Monday to wipe gains seen after former US President Donald Trump highlighted the recently concluded Bitcoin 2024 conference.

But the upside move built around Trump’s speech faded abruptly after the US government moved $2 billion in BTC from the Silk Road. The news spooked investors, crashing the crypto market.

The price of Bitcoin fell more than 4% to lows of $65, 911 across major crypto exchanges, pushing into the negative territory on the weekly chart and cutting 30-day gains to just 8.8% at the time of writing.

Gemini co-founder Tyler Winklevoss, commenting on the BTC transfer, noted that it came only two days after Trump “pledged to never sell any of the US government’s bitcoin.” It’s a view that many across the crypto community hold, with the move seen as a continuation of the anti-crypto stance from the Biden-Harris Administration.

On Saturday, @realDonaldTrump pledged to never sell any of the US government's bitcoin. Two days later, the Biden-Harris Administration moves $2 billion of Silk Road bitcoin. Great look and great way to reset with our industry. 🤡

— Tyler Winklevoss (@tyler) July 29, 2024

Whales accumulating Bitcoin

While BTC hovers below the $67k level, large investors are using the low prices as an opportunity to add to their portfolios. These whales have aggressively scooped Bitcoin since Monday’s dip, market intelligence account Lookonchain shared on X.

One such whale, “12QVsf”, reportedly withdrew 4,500 BTC worth over $302 million from Binance. The whale has also been linked to three other wallets that moved 1,400 BTC worth $94 million from crypto exchange Bitfinex on Tuesday morning.

The wallets also withdrew a total of 2,510 BTCworth over $163 million from Bitfinex on June 20.

On-chain insights platform Spot On Chain also highlighted this whale accumulation.

Four whales accumulated 5,900 $BTC ($397M) from CEX in the past 24 hours!

1️⃣ Whale “12QVs” withdrew 4,500 $BTC ($303M) from #Binance at ~$67,298.

• Among these tokens, 3,500 $BTC ($233M) were withdrawn after the #Bitcoin price plunged.

2️⃣ Three whales (likely one entity)… pic.twitter.com/YCWNM5GI4z

— Spot On Chain (@spotonchain) July 30, 2024

Bitcoin reached a peak of $73k in March and analysts are bullish the market will see a new bull run that could take BTC to above $100k in coming months.

The price of Bitcoin hovered around $66,527 at the time of writing.

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Interac has aquired Canadian rights to use Vouchr’s multimedia platform

The popular Canadian payment processing company, Interac, has recently acquired the exclusive Canadian rights to utilize Vouchr’s innovative multimedia platform in its operations. Representing a highly strategic move, this acquisition has been carried out to enhance the service and provide a more personalized experience for its users.

In 2022, Canadians named Interac the most respected technology service provider in Canada for the second year running, demonstrating the clear and continued success of the platform. The fintech world continues to evolve and innovate at an incredible pace, and this is just one of many recent developments in Canada which demonstrate the increasingly competitive nature of the sector. In this article, we’ll be taking a closer look at the implications of this acquisition, along with what it means for consumers – and the impact it may have on the wider digital payments landscape in Canada today.

An Introduction to Interac & Vouchr

Interac is a Canadian interbank network and electronic financial transfers platform which hosts hugely popular payment processing tools – including its e-Transfer peer-to-peer money transfer service and Interac Debit, which are widely used for purchases all around the country.

Having launched back in 1984, the company has been evolving ever since in order to meet the changing financial needs of the nation’s consumers and businesses. The provider has built a solid and trusted reputation in Canada thanks to its focus on creating a highly secure, efficient and user-friendly payment platform.

The platform can be used in a variety of contexts including online shopping, peer-to-peer transactions and when making secure deposits on popular iGaming sites. With the growing popularity of iGaming transactions in Canada today, it is worth checking out these top casinos for Interac as the provider is now widely adopted on many gaming sites.

This innovative fintech company continues to lead the way for digital payment solutions, by continuously adapting and improving its service to keep up with rapidly changing financial habits and new technologies.

So what about Vouchr? If you haven’t heard of it, you may have already come across similar technologies when sending payments to friends and family.

Based in Toronto, Vouchr is a multimedia platform which can be utilized to provide an engaging and personalized experience of digital transactions. The platform hosts various interactive features, including personalized messaging and customizable gifts which can be attached to money transfers.

Users of Vouchr can add their own content including personal messages, pictures, GIFs and videos to their everyday transactions. This kind of customizable content is becoming increasingly popular in the world of digital payments, as it can help to make the act of sending money a more enjoyable experience. By incorporating more bespoke elements, platforms like Vouchr have certainly carved out an interesting niche in today’s fintech market.

Interac’s Acquisition of Vouchr

Thanks to the growing popularity of more unique, customizable payments, it is clear to see why Interac have decided to acquire the exclusive Canadian rights to use Vouchr’s engagement platform.

By incorporating Vouchr’s multimedia offering into its service, Interac seems set to strengthen its reputation as an innovative, user-friendly payment processing tool. And in Canada’s competitive financial technology sector, the move to incorporate this engaging payment experience should help the company to carry on leading the way in the world of digital payments.

This particular acquisition will have significant implications for both the company itself and the broader money transfer market as a whole. 

The decision is set to enhance the user experience for people who send and receive money using Interac. Vouchr’s engaging features will be used mostly within its e-Transfer and e-Gifting services, allowing users to include personal messages and bespoke images when sending money to friends and family.

This is hoped to boost engagement and the overall usability of Interac’s provision – as well as improving the user experience, the acquisition will also allow businesses to enhance their promotional materials and create personalized content for their customers such as rewards, gifts and loyalty schemes. This will certainly help to attract new users and encourage the use of digital payments, reinforcing Interac’s position as a leader in the Canadian fintech market.

The Future of Fintech in Canada

So, what does this acquisition suggest about the future of the financial technology sector? Thanks to the increasing adoption of customizable payments, it is likely that many digital money transfer systems will follow suit and incorporate an increased level of personalization into their services. And this trend shows no sign of slowing down.

In fact, with developments in artificial intelligence technology and more immersive digital experiences, the world of online finances will become increasingly tailored to the individual user. Users are set to expect an increasing level of control over the nature of their online payments, so by pro-actively including Vouchr’s unique technology into its service, Interac seems well-placed to meet consumer demands in the future.

Whilst this strategic move is sure to enhance Interac’s competitive edge for the time being, it has wider implications for the fintech sector, and the company will undoubtedly seek to make further innovations and adjustments to stay ahead of its competition.

Its competitors are sure to work hard to include similar strategies, as the success of this acquisition could inspire other financial institutions to adopt similar customization methods. In Canada we can expect to see additional partnerships and cross-collaboration between these service providers, as they compete to assert and expand their capabilities and lead the industry into the future.

Ultimately, Interac’s acquisition of the exclusive rights to use Vouchr’s multimedia platform in Canada is an interesting and impactful development in the world of digital payments. The move to incorporate more enjoyable and personalized elements into its service means that the platform will be able to offer a more engaging payment experience.

The move will certainly encourage the increased adoption of similarly bespoke digital payments methods, and will undoubtedly drive continued innovation amongst its competitors. As Interac continues to utilize Vouchr’s promising capabilities, the world of digital payments in Canada is certainly one to watch.

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Bitcoin touches $70k as analyst warns of ‘calm before storm’ for miners

Bitcoin price touched the $70,000 price level for the first time since June 12, reaching highs of $70,016 on Bitstamp.

The rebound to above the $70k level has bulls eyeing a new upward push that could take Bitcoin beyond its all-time high above $73k reached in March.

What are analysts saying about Bitcoin price?

While BTC targets strengthening above the psychological level, a crypto analyst at CryptoQuant warns that miners are likely to see further outflows and contribute to new sell-off pressure for BTC.

According to XBTManager, miners have moved BTC from their wallets at recent price levels. The previous support level for the miner capitulation was around $53k.

Miners continue their calm before the storm

“After a support level of $53,000, miner outflow continues to rise. #Bitcoin has been observed leaving miner wallets at the current price level, which could create potential selling pressure.” – By @XBTManager

Full post 👇… pic.twitter.com/cZu2eLSUYp

— CryptoQuant.com (@cryptoquant_com) July 29, 2024

However, Plan B, the creator of the stock-to-flow (S2F) model, shared his prediction earlier in the day suggesting miner revenue bottomed. Per the analyst, it is possible Bitcoin price could surge to double current value in three to five months.

Miner revenue bottomed after April 2024 halving.
I expect bitcoin price to double from today in 3-5 months. pic.twitter.com/JoiQ4jeE4I

— PlanB (@100trillionUSD) July 29, 2024

The Bitcoin 2024 momentum seems to be providing the upward momentum for BTC seen over the past three days. However, after piercing $70k, the top coin’s price is sharply back lower to currently trade near $69,500.

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Jito releases open-source restaking service for Solana

• Jito Foundation has launched an open-source restaking service for Solana, allowing any asset to be used for economic security.
• Restaking is set to enhance Solana’s DeFi ecosystem and expand security functionality.

The Jito Foundation has made a significant advancement in Solana’s blockchain capabilities by releasing the code for its staking and restaking program. This development is an important step for the Solana network, introducing its first-ever restaking service and expanding the economic security options for on-chain applications.

The Restaking Revolution

Restaking is a process where blockchain networks utilize the value of other staked assets as collateral, ensuring honesty and security across the network. Jito’s open-source code allows protocols on Solana to set up mechanisms that provide economic security for actively validated services (AVSs) using any crypto asset, a notable difference from EigenLayer’s Ethereum-based model, which limits collateral to ETH, ETH derivatives, and EIGEN tokens.

Lucas Bruder, a Jito Network contributor, emphasized the flexibility of this architecture. “The flexibility and customization allowed in this architecture will be especially useful for the most important customer of these systems – the AVSs,” Bruder stated.

What Restaking Has Done for Ethereum

Restaking has already proven its potential on the Ethereum network, primarily through EigenLayer. Since its mainnet launch in June 2023, EigenLayer has become the second-largest protocol in DeFi, with a total value locked (TVL) of $15 billion. EigenLayer‘s restaking services have provided a robust security framework for Ethereum, using staked ETH and its derivatives as collateral to secure various applications.

This success on Ethereum highlights the potential benefits for Solana. With Jito’s open-source restaking code, Solana can now offer similar, if not more versatile, security options for its protocols. This move will likely attract more developers and projects to Solana, enhancing its DeFi ecosystem and overall network security.

Jito’s Restaking Components

Jito’s restaking service consists of two primary components: the vault program and the restaking program.

The vault program is responsible for minting, burning, and delegating Jito’s liquid restaking tokens (LRTs). It supports any Solana Program Library (SPL) tokens as underlying assets, similar to Ethereum’s ERC-20 tokens.

The restaking program Manages Jito’s Actively Validated Services (AVS) and handles rewards distribution and slashing penalties. AVSs can borrow economic security from restaked tokens, making the network more secure and rewarding users with additional yield.

Jito’s approach to restaking also leverages maximal extractable value (MEV) boosted staking rewards. Validators on Jito can earn higher returns from staking rewards and MEV, potentially increasing validator revenue by 15% or more as adoption grows.

Market Response and Future Outlook

Jito’s JTO token rallied after the announcement, rising 22.69% to $3.21 on Friday. Solana’s SOL also rose 6.34% on Friday, although that could be because of a general uptick in the market. Jito’s restaking code is currently open-source and pending mainnet implementation, slated for later this year. While the code is yet to be audited, its release has positioned Jito as a leader in Solana’s restaking race, ahead of other projects like Solayer.

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Bitcoin Cash jumps 14% to hit $450 as BTC eyes $70k

Bitcoin Cash (BCH) rose more than 14% in 24 hours to trade above $450, its highest level since mid-June.

BCH gained as Bitcoin (BTC) moved to within reach of $70,000 following a 3% rise in 24 hours. The benchmark digital asset traded around $69,503 at the time of writing on July 29, slightly off its intraday highs above $69,800 reached during the Asian trading hours.

BCH price: Are Bitcoin Cash bulls back?

Bitcoin Cash, like Bitcoin, has in the past few weeks navigated a tough terrain in terms of sell-off pressure related to potential Mt. Gox selling.

However, Bitcoin remains above $60k with a good chunk of the staggering $9 billion worth of BTC that the defunct crypto exchange announced would be going to customers. This resilience has also shown with Bitcoin Cash, which continues to ride positive sentiment as Mt. Gox customers choose to hodl rather than sell.

Crypto is also upbeat after last week’s Bitcoin 2024 conference that saw former US president Donald Trump make major announcements related to Bitcoin and cryptocurrencies. With elections on the horizon, Trump pledged to make America the home of crypto and to establish a Bitcoin reserve for the US among other key remarks.

According to Kim Dotcom, there’s no fear that the US government will ban crypto.

Crypto is going to pump big time. The fear of US Govt bans against crypto is over. Legitimacy has been established. The whales lobbied all political camps and they succeeded. As the US dollar is weakening crypto will rise. My favorite is Bitcoin Cash. https://t.co/DIOiBCxaVJ

— Kim Dotcom (@KimDotcom) July 27, 2024

BCH price prediction

The Bitcoin Cash price surging above $400 has the cryptocurrency testing a key resistance zone.

A move above this means bulls have broken above a robust horizontal resistance line. Price is currently retesting a previous support area, above which the altcoin could eye a new year-to-date high.

In this case, the psychological level at $1,000 will be a major short term target, while a run to the 2021 bull market highs remains possible if Bitcoin leads crypto into another mega run.

 

BCH price chart. Source: TradingView

The daily chart shows the Relative Strength Index (RSI) supports buyers as does the Moving Average Convergence Divergence (MACD) indicator.

Potentially, BCH will see a retest of the horizontal line before surging again. However, a breakdown will likely push prices to the primary support area around $350.

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Cantor Fitzgerald to launch $2 billion Bitcoin financing business

• Cantor Fitzgerald is looking to launch a Bitcoin financing business with an initial capital of $2 billion.
• The financing services giant’s CEO announced the plans at Bitcoin 2024.
• Cantor Fitzgerald will partner with top Bitcoin custody pltforms to offer leverage to investors that hold BTC.

Cantor Fitzgerald, a New York-based global financial services company, will invest an initial $2 billion in a new Bitcoin financing business, the firm’s CEO Howard Lutnick announced at Bitcoin 2024.

The company confirmed the plans via a press release.

Cantor Fitzgerald eyes BTC financing business

According to the Cantor Fitzgerald CEO and per details in the news release, the new business venture will offer leverage to investors holding Bitcoin. The firm will invest more into the financing platform after the initial $2 billion splash.

“We are excited to help unlock Bitcoin’s full potential and continue bridging the gap between traditional finance and digital assets,” Lutnick said in a statement.

In his comments at Bitcoin 2024, Cantor Fitzgerald exec said his firm was bringing the flagship digital asset to the global financial markets. The company is ready to work with leading custodians in the market, he added.

Lutnick also revealed that Cantor Fitzgerald owns Bitcoin and that he personally also holds the benchmark crypto asset.

JUST IN: $13.2 billion Cantor Fitzgerald CEO says they own “a shit load of #Bitcoin” pic.twitter.com/Ei9mmNUwlF

— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024

“My view is Bitcoin, like gold, should be free to trade everywhere in the world and as the largest wholesaler in the world we are going to do everything in our power to make it so,” he said at Bitcoin 2024.

Cantor Fitzgerald launched in 1945 and has grown into one of the world’s leading financial services providers.

The company offers access to services such as investment banking, equity research, capital markets, asset management and prime brokerage among others.

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Casper halts network after security breach

• Casper Network said it halted the network after discovering a significant security breach
• The team has identified the threat and contained it, Casper Network said in an update.
• Casper Association, Casper Labs and validators/community are collaborating to patch the vulnerability.

Casper Network has halted its network operations following a security breach, the smart contracts blockchain platform announced via X.

In the statement targeted at Casper Network users and the broader crypto community, the Casper team noted that it had worked with validators to halt operations and mitigate the potential impact of the breach.

“We discovered a significant security breach on the Casper Network. In order to minimize the effects of this security breach, we have worked with the validators to halt the network until this security breach has been patched,” reads part of the announcement.

Issue contained

The temporary network pause will remain in place until the security team patches the vulnerability, Casper added.

According to the announcement, efforts to address this issue involves the Casper Association, Casper Labs, and the crypto project’s validator community.

Casper Association, Casper Labs and the Validators/community are actively working to resolve the issue. The network has been halted and the security breach is contained. The issue has been identified and a solution is being worked on. Further updates will be provided.

— Casper (@Casper_Network) July 27, 2024

Casper Network also posted an update indicating that its team had identified the issue and managed to contain it. However, the platform is still working on a solution to the security breach and will provide a further update to the community.

The Casper (CSPR) token changed hands around $0.019 at the time of writing.

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Bitcoin could rally towards $68k as Poodlana’s presale hits $3m

Key takeaways

• BTC has recovered from its recent poor performance and is now targeting the $68k level. 
• The Poodlana presale has surpassed $3m after raising more than $500k in four days.

BTC approaches $68k

The cryptocurrency market has had a rollercoaster week. Bitcoin underperformed earlier this week, hitting the $63k level due to the Mt.Gox BTC and BCH dump in the market.

However, the market began to recover later on and Bitcoin is now approaching the $68k level. At press time, the price of Bitcoin stands at $67,538, up by 1% in the last seven days. If the bullish momentum is built upon, BTC could be heading towards the $69k resistance level in the coming days. 

What is Poodlana?

The cryptocurrency market is slowly recovering following its recent bearish run. The bearish run didn’t stop investors from pushing funds into new and promising projects. One of the projects in this category is Poodlana. 

Poodlana is a Solana-based meme coin focused on introducing the glamor of high fashion to the crypto world. The plan is to make Poodlana the leading dog-themed meme coin on the planet, with the developers leveraging the ethos of community-driven growth to reach its goal. 

The popularity of the Poodlana dog breed in Japan, Korea, and China, and their love for meme coins would be crucial in building a strong community for this project. Poodlana wants to become a bigger dog-themed meme coin, surpassing the two giants, Shiba Inu and Dogecoin. 

Poodlana’s presale hits $3m

The Poodlana presale began eleven days ago and will last for 30 days. The project has raised more than $3 million in the last elevel days as more investors troop into the project. 

In the current stage, the POODL token goes for $0.0299 but will increase to $0.0335 in the next presale stage. Investors can purchase this token using SOL, BNB, ETH, USDT, USDC, and Fiat/card payment options.

According to the development team, Poodlana will not have a lock-up period for their tokens. The POODL presale will end on August 16 and the listing on exchanges will take place immediately after. 

Read more about the Poodlana presale here. 

50% of Poodlana’s total supply goes to presale

The Poodlana tokenomics is simple as the team values total transparency in its operations. The team will issue 1  billion POODL tokens, with 50% going presale. The remaining 50% will be divided among marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%). The Poodlana team assured investors that 100% of tokens will be unlocked on day one, with no lock-ups or vesting periods.

Furthermore, the unsold tokens would be burned after the presale, ensuring the deflation of the token, (which could lead to a price increase). 

Is it a good idea to buy Poodlana tokens?

Poodlana is a meme coin that holds a lot of promise. However, the ultimate decision to invest or not depends on the investor. Meme coins have become a crucial part of the cryptocurrency ecosystem, with several of them having a market cap of $1 billion and above. 

Poodlana wants to join this rank and become one of the leading meme coins in the world. The project is taking advantage of the popularity of the Poodlana dog breed and is building a community that could see it challenge industry leaders like Shiba Inu and Dogecoin.

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Lufina Launches ClickCity: Redefining Tap-to-Earn with Innovative Blockchain Integration

Lufina, renowned for revolutionizing real estate investment through tokenization, proudly announces the launch of ClickCity, an avant-garde tap-to-earn game, to celebrate the FINA token’s initial exchange listings.

Introducing ClickCity

ClickCity combines gaming with real estate investment, offering players the chance to earn $FINA tokens by completing tasks and laying digital bricks. The more you play, the more you earn, with a guaranteed first-place prize exceeding $125,000 USD. This gamified approach not only makes real estate investing fun but also introduces a broader audience to the benefits of tokenization.

Key Features of ClickCity:

• Rewarding Gameplay: Players tap their screens to collect Bricks, the in-game currency, which will be converted into actual prizes for the best 1,500 players, who are to share over $1M USD worth of $FINA at the end of the season.
• Freemium Gameplay: Users can start playing with no entry barriers, with fair gameplay mechanics that reward activity, dedication and careful planning.
• Backed by $FINA Token: The token, cornerstone of the Lufina ecosystem, will be listed on several renowned exchanges, including Bitmart, Coinstore, PancakeSwap and more TBA. 

Utility of FINA Tokens

– Token name: Lufina

– Token symbol: FINA

– Total supply: 500 Million

FINA tokens are the backbone of the Lufina ecosystem, offering numerous benefits:

• Governance: Participate in the Decentralized Autonomous Organization (DAO) to shape Lufina’s future.
• Transaction Fees: Pay transaction fees on the Lufina platform using FINA tokens.
• Discounted Loan Rates: Enjoy reduced interest rates on loans serviced with FINA tokens.
• Premium Access: Gain exclusive access to high-yield real estate projects.

Join the ClickCity Revolution

The first season of ClickCity kicks off today, inviting players to tap into a new realm of fun and rewards. Whether you’re an avid gamer or new to blockchain, ClickCity offers an engaging and profitable experience.

Play now at clickcity.lufina.com and join the ClickCity community today!

About Lufina: Lufina is a trailblazer in blockchain technology, transforming the real estate industry through tokenization. By breaking down traditional barriers, Lufina makes investment accessible, transparent, and liquid for all. Their innovative solutions and strategic partnerships position Lufina as a leader in the anticipated $10 trillion expansion of the real estate sector by 2030.

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SOL shorts suffer as price surges; Solana’s Poodlana hits $3 million milestone

• SOL price rose to above $187 to see over $4 million short positions liquidated.
• Poodlana, the FashionFi meme coin, accelerated its presale as the sector surged amid US politics and bullish crypto predictions.
• POODL surpassed the $3 million mark on July 27, just 10 days after the presale launch.

The cryptocurrency market has witnessed over $63 million in liquidations over the past 24 hours. Data shows most of these, nearly $45 million, are in short positions. 

Solana (SOL) surging above $187 has seen over $4 million in bearish bets liquidated. Meanwhile, Poodlana has soared to over $3 million in presale as Asia drives investor interest. 

Solana short liquidations hit $4 million as SOL surges

While Coinglass data shows the total crypto liquidations had declined 67% within the above timeframe, the market still saw a notable amount of bearish bets.

Solana liquidations reached a total of $4.95 million at the time of writing, with the forced exits happening as SOL price climbed more than 5% to touch highs of $188.

SolanaFloor shared the liquidation data on X, showing that the largest bearish bet on SOL to be liquidated was $560k. This happened as Solana’s price crossed the $187 mark.

🚨 LATEST: Over $4 million liquidated in SHORTS position as $SOL hits $187.

The single largest short Liquidation was $560K at $186 pic.twitter.com/8DaGNYIun5

— SolanaFloor (@SolanaFloor) July 27, 2024

Meanwhile, Bitcoin had over $16 million in shorts liquidated and Ethereum accounted for about $7 million of the short positions as both coins moved above key price levels. BTC traded above $68,300 while ETH hit highs above $3,290.

Solana rose as VanEck reported that a large number of people at its booth at the Bitcoin 2024 conference asked about Solana.

VanEck is one of the ETF issuers to file for a Solana spot ETF with the US Securities and Exchange Commission. Analysts say the approval for SOL ETFs in the US could come in 2025.

Wen, MAGA tokens jump as meme coins rise

Solana meme coins have experienced a 10% bump in the sector’s market cap as meme coins jump amid fresh optimism in the crypto market.

Although Bitcoin, Ethereum and Solana are in the limelight as whales buy BTC, ETH and SOL, a lot of interest in meme coins has several tokens trending.

Wen has spiked 20%, while PolitiFi token MAGA is up 16% at the time of writing. Donald Trump will speak at the Bitcoin 2024 conference.

Top meme coins by market cap Dogecoin, Shiba Inu, Pepe and dogwifhat have also seen their respective prices increase by more than 5% in the past 24 hours.

The broader meme coin market is up 8% to over $56 billion, but as the sector gains, investor interest is on new potential gems.

Poodlana accelerates to $3 million in presale

Poodlana is a new meme coin on Solana that seeks to break into the market riding a blend of crypto culture and FashionFi.

The combination of the global appeal of the fashion market and cryptocurrency’s rising adoption has the poodle-inspired project gaining massive traction just days after its presale launch. Slightly over a week since the 30-day POODL presale went live, the “Hermes of Crypto” has raised an impressive $3 million.

A viral appeal in Asia, where the poodle is a top dog breed, has contributed to this staggering support for Poodlana. However, the project is also captivating the global fashion-centric community and meme coin enthusiasts.

This appeal and the bullish predictions for crypto will catalyse further gains for Poodlana when the project goes live on DEX within an hour of its presale close on August 16.

19 days until POODL hits the trading market and the opportunity to position currently stands at $0.0299.

Notably, this price will jump to $0.0335 in the next stage and again every 72 hours until the final stage. According to details on the project’s website, DEX listing price will be $0.06.

To discover more about Poodlana or to join the community, visit their website.

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AEVO, Arbitrum, Render token unlocks near as BitBot gains momentum

Popular cryptocurrencies are on edge as investors wait for their upcoming token unlocks that will lead to more dilution. Arbitrum’s ARB token was trading at $1 on Sunday, down by over 58% from its highest point in 2023, and is near its lowest swing since December 1st last year. 

Top token unlocks ahead

AEVO, a newly launched token, has also tumbled to about $1.20, its lowest level on record. It has crashed by more than 68% from its highest level this year. 

Render Token (RNDR), on the other hand, has defied gravity as other cryptocurrencies slip. It jumped to a high of $11.5, its highest swing since March 27th. It has soared by over 75% from its lowest level in April, helped by the rising demand for artificial intelligence (AI) assets. It is also nearing its highest level this year.

These cryptocurrencies will be in the spotlight this week as investors focus on their upcoming token unlocks. A token unlock is a situation where more coins are released to the market as part of their tokenomics. These unlocks lead to substantial dilution by introducing tokens to the market.

Data by TokenUnlocks shows that AEVO will release over 827K tokens on May 15th, a substantial amount since AEVO has 110 million tokens in circulation. If the figure is correct, it means that the network will have substantial oversupply.

Arbitrum, the biggest layer-2 network in the market, will have its token unlock event on May 16th. It will release over 92.6 million tokens, a substantial figure since It has over 2.6 billion tokens in circulation.

Render, a platform that offers decentralized GPU, will have its token unlock on Friday. It will release over 8.4 million tokens equivalent to 0.20% of its supply. 

The other popular networks that will have token unlocks soon are Aptos (APT), Pendle, ApeCoin, Manta, Slots and Oasis Network.

BitBot token sale going on

Meanwhile, BitBot, an upcoming blockchain platform, is doing well as its token sale gains momentum.

Data shown on its website shows that it has raised over $3.3 million from global investors. This figure makes it one of the most popular tokens in the market. It has now entered its 13th stage, meaning that the token sale is nearing its end. The final part of the sale will be the 15th stage.

BitBot is a platform that seeks to become the leading player in the crypto trading industry. It will provide a Telegram bot that will help thousands or millions of people make money day trading these assets.

BitBot will be a unique Telegram bot for three main reasons. First, in addition to the normal technical analysis, it will have unique artificial intelligence features that are expected to boost its accuracy. 

Second, the network will be non-custodial, meaning that it will not have access to user data and funds. Third, it will be powered by $BITBOT, a crypto token that will have more features like revenue sharing and governance features. You can buy the $BITBOT token here.

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bitFlyer completes acquisition of FTX Japan

• bitFlyer has acquired 100% of FTX Japan shares and will rebrand the platform by August 26, 2024.
• The Tokyo-based crypto exchange will also launch a new crypto custody business via the new subsidiary.

Japanese crypto exchange bitFlyer Holdings has announced the acquisition of FTX Japan, according to an announcement published on July 26.

The Tokyo-based exchange noted that it had completed 100% acquisition of FTX Japan shares, a move that makes the FTX Japan business a “wholly-owned subsidiary” of bitFlyer.

“We are pleased to announce that bitFlyer Holdings has today completed the acquisition of 100% of the outstanding shares of FTX Japan,” the exchange posted on X.

bitFlyer Holdingsは本日、FTX Japanの発行済株式100％の取得を完了しましたのでお知らせいたします。
これによりFTX Japanは当社の完全子会社となりました。

今後は8/26までに社名を変更し、新たにクリプトカストディ事業を展開する予定です。詳しくはこちら。https://t.co/Ks1aexAFLm pic.twitter.com/bLbqGa4Im8

— bitFlyer（ビットフライヤー） (@bitFlyer) July 26, 2024

bitFlyer to rebrand FTX Japan

Following the acquisition, bitFlyer will rebrand FTX Japan, with this expected by August 26, 2024. The deal will also see the new subsidiary unveil a new crypto custody business that will offer services with advanced security to institutional investors.

The bitFlyer team added in a statement published on Friday:

“By acquiring all shares and management rights of FTX Japan, we aim to achieve sustainable growth, leveraging synergies within the bitFlyer Group to develop new services, benefiting not only FTX Japan and its customers but all stakeholders of the bitFlyer Group.”

FTX Japan, initially under FTX Japan Holdings, filed for Chapter 11 bankruptcy protection following the collapse of FTX in November 2022.

CoinJournal reported bitFlyer’s plans to acquire FTX Japan in June.

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Bitcoin ATM installations are approaching 2022’s record high, driven by recent surge in BTC price

• Coin ATM Radar data shows that the global crypto ATMs market is on the cusp of surpassing the peak of 2022.
• The USA leads with over 32,000 installations, while Canada is second with over 3,000 locations and Australia third with more than 1,120.
• Users see Bitcoin ATMs as one the easiest ways to buy and sell Bitcoin (BTC).

Bitcoin ATM installations have exploded and are approaching the all-time highs last seen in 2022, with significant growth witnessed in the past three months.

Data shows a significant increase year-to-date across most countries, with the USA still the country with the most Bitcoin ATM installations. Canada has also registered growth and ranks second, with nearly three times as many Bitcoin ATM facilities as third-ranked Australia.

What are Bitcoin ATMs?

Bitcoin ATMs are automated teller machines that allow users to buy and sell bitcoins, or in other words, an easier way to convert cash to crypto or crypto to cash. Most support local currencies, including USD, EUR, GBP, CAD and AUD.

Currently, about 12.3% of bitcoin ATMs support two-way operations, which means they allow users to withdraw cash from their crypto balances in addition to buying cryptocurrency with fiat. 

In order to sell Bitcoin for cash at a Bitcoin ATM, a user would require one of these two-way operation ATMs.

For example, if a crypto investor in Canada used a Bitcoin ATM to withdraw cash the machine would convert their BTC to CAD at the current exchange rate and then pay out Canadian dollars. 

Buying is easier as most machines are designed as one-way. Users need a wallet address or QR code when using bitcoin ATMs to buy or sell BTC and other cryptocurrencies.

Remittances via Bitcoin ATMs are also possible, with one able to send cash-to-cash payments across borders using two Bitcoin ATMs.

Countries with the most bitcoin ATMs

According to Bitcoin ATM tracking site Coin ATM Radar, there are currently 39,038 crypto ATMs worldwide. This number is approaching the peak seen in December 2022 when the total global installations reached a record 39,541.

The US has the most Bitcoin ATM installations globally at 32,404, while Canada is second with 3,039 and Australia third with 1,122. In Europe, Spain leads with 310 locations and Poland follows closely with 285. El Salvador, the first country to adopt Bitcoin as legal tender, has 215 installed ATMs, Hong Kong has 171 and South Africa 22.

Notably, new year-to-date installations have surpassed 2,700, a huge spike compared to the 21% decrease in 2023. The US saw 376 new installations in June alone, while Puerto Rico added 29, Australia 11 and Canada 9.

Coin ATM Radar notes in its industry dynamics report for June that Bitcoin Depot topped as the operator with the most new installations for the month with 182. DigitalMint ranked second with 142 new devices while RockItCoin was third with 68 new installations.

Currently, Bitcoin ATMs are available in 70 countries while companies that manufacture these machines have increased to 43 worldwide.

BTC price surge drives Bitcoin ATM expansion

The increased adoption and use of these facilities are down to their accessibility, ease of use and convenience. Locations include gas stations, shopping malls and stores. Bitcoin ATMs are also popular for their privacy, with users able to exchange fiat for crypto without having to divulge key personal details.

Profitability for operators is another factor as is the issue of many countries having regulatory guidelines that allow for their installation.

However, the expansion witnessed in the crypto ATM market also comes against the backdrop of a surging crypto market. After the bearish outlook in the last quarter of 2022 and 2023, cryptocurrencies have been on the upside in 2024. Recently, Bitcoin reached an all-time high above $73,000 and Ethereum came close to its peak from 2021.

Bitcoin’s price currently hovers around $64,800 as investors eye fresh bullish momentum that could return prices to the $70,000 mark and possibly the all-time high of $73,000.

Spot Bitcoin ETFs, the recent halving that cut block rewards from 6.25 BTC to 3.125 BTC are factors that analysts say may propel market growth in coming months.

With regulatory developments, US election sentiment and the global macro environment also likely to provide a confluence of bullish catalysts, experts say Bitcoin could be on the verge of another major rally. 

Targets for the end of 2024 include a potential march to record highs above $100k. Standard Chartered analysts doubled down on their prediction, revising it up to suggest the benchmark cryptocurrency could reach $250 by end of 2025.

Conclusion

Bitcoin is showing resilience after the declines in June and sell-off in early July 2024 – with German government BTC dump and Mt. Gox jitters. As the price of Bitcoin hovers above $64k amid an uptick from these recent lows, analysts are upbeat about the chances of a bull cycle surge in coming months. Most analysts point to news-driven spikes as the short term outlook for BTC before bulls take over in Q4.

This outlook for BTC suggests the Bitcoin ATMs market could see a fresh spike. Should this expansion materialize, it’s possible that global installations will hit a new record beyond the 2022 peak of 39,541.

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Social Infrastructure OpenSocial Protocol receives $6 million strategic backing led by Framework Ventures and North Island Ventures to fuel community apps

Hong Kong, Hong Kong, July 25th, 2024, Chainwire

The ‘Web3 Shopify of Social’ hits 30,000 onchain users in 2 weeks as the first app goes live

OpenSocial Protocol, a composable infrastructure layer for building social applications, announced today a $6 million strategic backing led by Framework Ventures and North Island Ventures, with participation from other investors including Hivemind Capital Partners, Stratos, Moonrock Capital, Chorus One, HV Capital, X Ventures, Gate Labs, Panga Capital, Aspen Digital; and super angels like Jordi Alexander (Selini Capital), Sreeram Kannan (EigenLayer), Luca Netz (Pudgy Penguins), Sandeep Nailwal (Polygon Labs), Yaoqi (Altlayer), Robinson Burkey (Wormhole Foundation), Gabby Dizon (YGG), Mik Naayem (Dapper Labs), Cygaar (Abstract), Regan Bozman (Lattice Capital), Muddy Water and more.

Built by Everest Ventures Group, a leading Web3 operating group in Asia focused on consumer applications, OpenSocial Protocol provides open-source, multichain social application infrastructure tools that enable users and communities to build social decentralized applications (dApps) without coding experience. This is a vision that OpenSocial stands by as it helps to lower the barriers of entry for users who are looking to create their own community app.

Along with the $5 million seed funding round and $15 million in OpenSocial Protocol ecosystem funds raised previously, OpenSocial Protocol now has $26 million in funding to support the protocol’s development. Earlier investors include Portal Ventures, Animoca Brands, OKX Ventures, and renowned Web3 entrepreneurs include Smokey the Bera (Berachain), Jason Yano (Blockworks), Roham Gharegozlou (Dapper Labs), Brian Fabian Crain (Chorus One), Mike Dudas (6th Man Ventures) and more.

“We think that the OpenSocial team is well positioned to become a major player in the growing SocialFi movement across Asia,” said Framework Ventures Co-Founder Vance Spencer. “Their team is immensely talented and has prior experience scaling apps and onboarding millions of users. We’re excited to partner with the team as they expand to support several promising new apps.”

“We believe that OpenSocial is building a sustainable social platform that can bring millions of new users into crypto, and we’re thrilled to be supporting Allen and his highly capable team in this effort,” said Travis Scher, Co-Founder and Managing Director of North Island Ventures.

“The strategic backing accelerates OpenSocial’s ability to deploy its infrastructure across all major chains and ecosystems, launch a user-friendly platform where creators, moderators, and users can easily build communities, and develop new dApps tailored for the existing Web3 culture and communities. We aim to help empower and launch 1,000 community apps by 2025,” said Allen Ng, Co-Founder of OpenSocial Protocol.

OpenSocial Protocol hits 30,000 onchain users in 2 weeks as the first app goes live

OpenSocial Protocol aims to onboard thousands of apps by providing infrastructure and a customizable user interface layer, ensuring true ownership of intellectual property and community relationships, and offering better-aligned monetization and financial incentives for communities and users. It is building the necessary open-source infrastructure to enable the largest multichain community economy by solving three key challenges: user retention, spam bot prevention, and user growth beyond the crypto-centric audience.

SoMon (short for Social Monster), a Reddit-like forum built to empower communities with true ownership, became the first app to launch on OpenSocial Protocol on June 19 with over 30,000 onchain active users, an average engagement time close to 20 minutes and over 300,000 onchain transactions, excluding spam bots, in just two weeks, solving one of the key challenges in any social media platform.

Another app that is launching on OpenSocial is Zeek, a social collaboration network that allows users to harness the value of their community-building networks through onchain social bounty mechanics and reputation building. In June, Zeek completed its own $3 million fundraise.

OpenSocial: Enabling scalable, multichain social apps without coding experience

OpenSocial Protocol’s modular design with easy-to-deploy social tools on a multichain approach enables creators and communities to compose apps quickly and economically. Features are either on-chain or off-chain and include feed, chatroom, text/video/audio/posts, comments, reactions, voting, share, on-chain social graphs (social data and structure), tribes (user and topic-based communities), megaphones (advertising engine), as well as plug-ins (token issuance, DAO tools, betting, voting, bounties, matching, mini-games).

By embedding social functionalities into the core experience across different verticals, onchain social helps break down silos and enables greater connectivity and engagement across the entire ecosystem. “We believe social has the potential to be a major catalyst for mainstream consumer adoption. Every creator and community builder should be owners and entrepreneurs,” Ng added.

EVG has also deployed 80 developers and builders to develop the infrastructure for onboarding thousands of community apps with just a few clicks.

By actively working with early adopters to integrate thriving communities, redefine data sovereignty, and implement sustainable economic incentives, OpenSocial is paving the way for a future where anyone can cultivate meaningful yet sustainable social connections and true social data ownership.

About OpenSocial Protocol

OpenSocial Protocol (OpenSocial) is a multichain Social infrastructure empowering creators to effortlessly build community apps. Leveraging its robust social graph and modular design, OpenSocial enables transparent content promotion to specific user groups, ensuring fair value distribution among all stakeholders. OpenSocial offers one of the best data, tooling, and financial layer, and its vision is to enable the largest multichain community economy.

OpenSocial Protocol is founded by Everest Ventures Group.

• Website: www.opensocial.co
• Twitter: https://twitter.com/OpenSocialLabs
• Media contact: Gemma Lo / gemma@opensocial.co

About Everest Ventures Group

Founded in 2018, Everest Ventures Group (EVG) is a Web3 operating group driving mass adoption of Web3 by building products with real use cases that are set to onboard the next million users.

Headquartered in Hong Kong with a global team of over 300 individuals, EVG has built and launched 15+ products across Social (OpenSocial Protocol, SoMon, Zeek), Gaming & Culture (Mugen Interactive, Legend of Arcadia, Last Odyssey, LiveArt) and FinTech (Aspen Digital).

As an early investor and lead advisor, EVG has contributed to 10+ unicorns and 150+ defining projects such as Celestia, Berachain, Wormhole, Dapper Labs (Flow), Animoca Brands, Immutable, The Sandbox, Yuga Labs, Kraken, Lukka, Dunamu and Blocklords.

• Website: https://www.evg.co/
• Twitter: https://twitter.com/EVGHQ/

Disclosures: Information contained herein is accurate as of the date of publication and is subject to change. This is not investment advice and readers should not construe discussion of any particular organization as a recommendation to purchase or sell, or a solicitation of an offer to purchase or sell, any securities or digital assets related to such organization.

 

Contact

PR Manager
Kelvin Yeo
Everest Ventures Group
kelvin.yeo@evg.co

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Crypto price predictions: Raydium (RAY), LayerZero (ZRO), Poodlana (POODL)

• Raydium’s (RAY) price targets $4.27 after a 50% surge, supported by MoonPay.
• LayerZero (ZRO) forecasted to hit $4.524084 by August and $6.038442 by end of September.
• Poodlana (POODL) presale raises $2.6M, with the final price set to $0.054.

As the cryptocurrency market continues to evolve, investors are closely monitoring emerging tokens and established players alike. Among the notable names making waves are Raydium (RAY), LayerZero (ZRO), and Poodlana (POODL), each offering unique opportunities and risks.

This article delves into the recent price movements, developments, and future predictions for these three tokens, providing insights into their potential trajectories in the ever-dynamic crypto space.

Raydium (RAY) could hit $4.27 after the MoonPay integration

Raydium (RAY) has recently demonstrated impressive price performance, fueled by a combination of strategic integrations and market dynamics.

This price performance follows a significant increase in price over the last two days, with gains exceeding 30% and a notable pump of more than 50%.

The token’s growth is attributed to the recent integration with MoonPay, which has enhanced its accessibility by allowing users to purchase Solana-based tokens directly with fiat currencies.

Raydium has integrated @moonpay, giving its 20M users instant access to the @solana ecosystem! 🚀

For new users, you can now on-ramp to Solana in seconds. For existing users, you now have off-ramp rails at your fingertips.https://t.co/ouBYKZ06vD

— Raydium (@RaydiumProtocol) July 18, 2024

The integration with MoonPay is a key development for Raydium, simplifying entry into the Solana ecosystem for its 20 million users. This move lowers barriers to entry and attracts new participants to the platform, potentially boosting liquidity and trading volumes.

After finding support at $1.83, Raydium has been on a bullish rally, with a primary target set at $4.27.

However, technical analysis suggests caution, as the price is approaching resistance at around $2.6. The Relative Strength Index (RSI) is currently at 73, indicating that the market may experience a short-term retracement before any further significant movements.

Long-term investors should watch the $2.6 resistance level closely for signs of continued bullish momentum.

LayerZero (ZRO) projected to see modest gain as July comes to an end

LayerZero (ZRO) has also seen a positive trajectory, with its price showing robust growth over recent months. As of July 25, 2024, LayerZero’s price stands at $4.505978.

Predictions for the near term suggest a modest increase, with the price expected to reach approximately $4.510197 by the end of this week.

Moving into August, the price could further rise to $4.524084 by August 24, 2024. Looking further ahead, LayerZero is projected to see a 5% increase by September, potentially reaching $6.038442.

The token’s performance is buoyed by its significant role in the blockchain interoperability space.

LayerZero’s technical advancements and successful distribution of rewards in its Sybil bounty program have contributed to its growing market presence. The network has also been integrated on several chain over the past weeks including Flare Network, Gravity Chain, Mode Network, and it is currently developing an interoperability standard for Cosmos that enables Cosmos chains to connect to LayerZero-enabled chains.

LayerZero Labs and @initiaFDN are developing an interoperability standard for Cosmos that enables Cosmos chains to connect to LayerZero-enabled chains, allowing for omnichain interoperability.

Details here: https://t.co/aA626Eq4Af pic.twitter.com/o4ADTHgci9

— LayerZero Labs (@LayerZero_Labs) July 10, 2024

As the network continues to develop and integrate new features, LayerZero’s long-term outlook remains positive, with anticipated steady growth in its value.

Poodlana (POODL) price projected to rise by 170% by presale end

Poodlana (POODL), a meme coin that has carved out a niche in the FashionFi space, is experiencing a remarkable presale phase.

As of now, the presale has raised an impressive $2,620,278.89, with the current token price at $0.0265, reflecting a 32.5% increase from the initial offering.

The presale is set to conclude in 22 days and the final presale price is projected to reach $0.054, with day-one buyers potentially seeing returns of up to 170%.

Poodlana’s unique blend of luxury fashion and meme culture has struck a chord globally, particularly in Asian markets.

The token’s appeal lies in its association with high-fashion aesthetics and the beloved poodle breed, creating a fresh and engaging niche known as FashionFi.

The upcoming exchange listing on August 16 at 12 p.m. UTC is highly anticipated, as it will mark Poodlana’s debut on decentralized exchanges like Raydium with full token visibility and liquidity. All tokens will be 100% unlocked from day one, ensuring transparency and fairness.

The project’s roadmap includes several exciting phases beyond the presale. Following its launch, Poodlana plans to expand through centralized exchange listings, a major marketing blitz, and collaborations with high-end fashion brands.

Additionally, Poodlana aims to introduce a staking platform and exclusive airdrops, further engaging its community and rewarding early supporters.

The long-term vision includes global expansion and philanthropic efforts to support animal welfare, enhancing its appeal to a broad audience.

For more information about Poodlana and the ongoing POODL token presale, visit their official website.

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ETZ adds SUI to IRA Offerings

San Francisco, California, July 24th, 2024, Chainwire

ETZ is transforming retirement planning by making digital assets available to retirees

ETZ, a premier service designed to simplify and enhance digital asset investing in retirement accounts, announced that it would offer SUI, the utility token powering Sui, a high-performance Layer 1 blockchain and smart contract platform, as an investment option integration for holders of its IRAs. ETZ now operates seamlessly with the Sui Network, which means that the SUI token can officially be held as an asset in a Tax-Advantaged Traditional or Roth IRAs, offering an unparalleled solution for investors looking to diversify their retirement portfolios while maintaining all of the tax advantages of keeping their assets in such a fund.

ETZ employs a regulated, state-chartered trust company to hold self-directed IRAs and custody of assets, ensuring a secure and compliant investment environment while facilitating rollovers of IRAs and 401(k)s. Furthermore, ETZ is insured up to $320M, provides institutional-grade asset security, and FDIC insurance on cash balances, providing peace of mind to investors. It also offers digital asset access through a tax-advantaged SEP IRA to help companies attract top talent by providing a more modern and diverse retirement platform as a benefit.

“At ETZ, we believe that increasing access to digital assets for every employee will transform employer incentive plans,” said Jiazi Guo, CEO of ETZ. “Sui’s meteoric rise in the blockchain space, backed by its unparalleled technology, underscores why we are so excited to offer our users the option to add Sui to their portfolios”

“ETZ has done an immense amount of work breaking down barriers to open up a new category of options to real people looking to secure a financial future for themselves and their families,” said Gap Kim, Head of Marketing for the Sui Foundation. “With the unique tooling and products that ETZ has engineered, these retirees now have access to a suite of products that will enable them to diversify their holdings and take advantage of the latest generation of financial innovation.”

ETZ’s integration with Sui is now live and investors can benefit from 24/7 access to their investments with the support of dedicated representatives, advanced security measures, and streamlined tax reporting.

For more information about ETZ, users can visit https://etzsoft.com/. For more information about Sui, users can visit https://sui.io.

 

Contact

ETZ, Inc.
samuel@etzsoft.com

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