Bitcoin Dogs (0DOG) surges as Bitcoin (BTC) demand increases in the US

• Bitcoin Dogs’ token 0DOG surges after launching a high-APY liquidity pool.
• Rising Bitcoin interest in the US boosts 0DOG’s value amid broader market trends.
• Despite a US demand spike, global Bitcoin demand and profits remain weak.

The cryptocurrency market is abuzz with recent developments as Bitcoin Dogs’ native token, 0DOG, experiences a dramatic surge amidst rising Bitcoin demand in the US. This notable increase in 0DOG’s value comes on the heels of the launch of its liquidity pool and a spike in Bitcoin interest following Federal Reserve Chair Jerome Powell’s comments.

While Bitcoin’s broader market demand remains negative, the US sector’s engagement is driving significant shifts in both Bitcoin Dogs and Bitcoin itself.

Bitcoin Dogs (0DOG) sees significant rebound

Bitcoin Dogs (0DOG) has recently captured the spotlight with an impressive price surge following the launch of its highly anticipated liquidity pool.

Initially, 0DOG faced a bearish trend, dipping to a low of $0.00603 after an initial surge on its first trading day. However, the token’s fortunes have reversed sharply with the liquidity pool’s debut. At press time, 0DOG was trading at 0.01646 after surging above $0.029 on August 30, 2024.

The newly launched liquidity pool, offering an initial APY of 405.56%, has been a major catalyst for the price spike, drawing significant investor interest.

The liquidity pool’s dynamic APY structure is designed to incentivize early participation, making it a lucrative opportunity for investors.

With an initial pool size of $50,000, the APY will decrease as the pool grows, encouraging early entry to maximize returns. This structure, combined with Bitcoin Dogs’ innovative approach as the world’s first ICO on the Bitcoin BRC20 token, is driving heightened investor enthusiasm.

The integration of 0DOG into the Telegram gaming sector and the forthcoming NFT collection further bolsters its growth prospects.

These strategic developments are expected to attract a significant user base and provide added value through in-game utility for NFTs.

Rising Bitcoin (BTC) demand in the US

As Bitcoin Dogs regains its footing, Bitcoin’s demand in the US has shown a notable increase following Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole symposium.

This uptick in US investor interest is evident from the rise in the Coinbase Premium to 0.11%, indicating higher local demand compared to international exchanges. The Inter-exchange Flow Pulse (IFP) metric has also seen a rally, signalling that BTC is flowing into US-based platforms in response to the price premium and increased demand.

Despite this localized surge, overall Bitcoin demand growth remains lacklustre. The price of Bitcoin has been struggling to stay above $60,000 making investor engagement not to be marked by significant profit-taking.

Realized profits of $536 million are modest compared to the multi-billion-dollar figures observed at previous market peaks. Furthermore, the Apparent Bitcoin Demand 30-day growth has transitioned from a positive 496,000 BTC in April to a negative 36,000 BTC, reflecting a broader decline in demand.

Conclusion

While Bitcoin Dogs (0DOG) benefits from the recent liquidity pool launch, there has been a rising Bitcoin interest in the US while the broader market presents a mixed picture.

For more information about the relatively new Bitcoin Dogs project, whose native token is currently available for trading on MEXC, Gate.io, and Unisat, you can visit the project’s official website.

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Vitalik Buterin defends recent ETH sales, says they’re for projects and charity

• Vitalik Buterin clarifies ETH sales were for projects and charity, not profit.
• He held 325K ETH three years ago but now holds 240K ETH.
• Buterin has also defended Ethereum’s support for DeFi amid criticisms from some in the space.

Ethereum co-founder Vitalik Buterin has come out to address allegations surrounding his sales of Ether (ETH), clarifying that these transactions were not driven by personal profit but by a commitment to support Web3 projects and charitable initiatives.

According to a recent post by on-chain analytics firm Lookonchain, Buterin has reduced his ETH holdings by 85K ETH ($209M) in 3 years.

3 years ago, @VitalikButerin mentioned he held 325K $ETH($1.46B at the time), when the price of $ETH was $4,500.

Now he holds 240K $ETH($592M).

He has reduced his holdings by 85K $ETH($209M) in 3 years. pic.twitter.com/LG2bZcvd4A

— Lookonchain (@lookonchain) August 30, 2024

The most recent is the transfer of 800 ETH worth over $2 million to a multi-sig wallet. Lookonchain highlighted that the same wallet address had received 3,000 ETH from Buterin on August 9, fueling concerns about the motives behind Buterin’s sales.

vitalik.eth(@VitalikButerin) transferred 800 $ETH($2.01M) to a multisig wallet again 40 minutes ago.

The multisig wallet swapped 190 $ETH for 477K $USDC later.

On Aug 9, #Vitalik also transferred 3,000 $ETH($8.04M) to this multisig wallet.https://t.co/81Vf39bvbL pic.twitter.com/6IlwtcqvPg

— Lookonchain (@lookonchain) August 30, 2024

Vitalik Buterin denies selling ETH for profit

In response, Buterin firmly denied any allegations of selling ETH for personal profit. He clarified that he has not sold any Ether for personal financial gain since 2018. Instead, he explained that his ETH sales were intended to support various Web3 projects and philanthropic endeavours.

I haven't sold and kept the proceeds since 2018. All sales have been to support various projects that I think are valuable, either within the ethereum ecosystem or broader charity (eg. biomedical R&D)

— vitalik.eth (@VitalikButerin) August 31, 2024

Buterin’s statement aims to underscore his longstanding commitment to using his resources for the advancement of important causes rather than personal enrichment.

Supporting Ethereum and DeFi

Buterin’s statements also touch upon his stance regarding decentralized finance (DeFi) and the broader Ethereum ecosystem. He has come under fire for Ethereum allegedly not sufficiently supporting DeFi.

Kain Warwick, the inventor behind the concept of yield farming, and MilliΞ a crypto philosopher criticized Buterin for his perceived lack of emphasis on DeFi.

However, Buterin defended Ethereum’s role in DeFi and his position stating that he thinks “DEXes are great, and I use them every week.”

The kinds of applications that I want to see are applications that are (i) useful in a sustainable way, and (ii) don't sacrifice on the principles (permissionlessness, decentralization, etc)

I think DEXes are great, and I use them every week.

I think decentralized stablecoins…

— vitalik.eth (@VitalikButerin) August 25, 2024

Buterin’s defence reflects his commitment to ensuring that Ethereum continues to support meaningful and sustainable developments within the blockchain space. He has consistently advocated for the importance of long-term value over temporary gains, reinforcing his position that the Ethereum network should remain focused on foundational principles rather than transient trends.

By addressing these allegations and defending Ethereum’s role in DeFi, Buterin reaffirms his commitment to the broader vision of a decentralized and impactful digital future.

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Texas approves debtor-in-possession financing plan for BTC miner Rhodium

• Rhodium filed for Chapter 11 with debts of up to $100M and assets of up to $500M.
• The debtor-in-possession financing plan is offered by Galaxy Digital.
• Galaxy Digital offers Rhodium a $30M loan or 500 BTC with a 9.5%-14.5% interest.

Rhodium Enterprises, a Texas-based Bitcoin mining firm, has recently garnered significant attention following its Chapter 11 bankruptcy filing on August 24, 2024.

With liabilities ranging between $50 million and $100 million, and assets valued between $100 million and $500 million, Rhodium’s financial struggles have highlighted the growing challenges within the cryptocurrency mining sector.

Riot Platforms claims Rhodium owes it $26M

At the heart of Rhodium’s financial distress is its strained relationship with its landlord and power supplier, Whinstone.

This tension contributed to Rhodium defaulting on a $54 million loan in July, shortly before the company raised $78 million in additional lending. The strain has culminated in the filing of a lawsuit by rival mining firm Riot Platforms, which claims Rhodium owes over $26 million in unpaid fees.

Texas approves debtor-in-possession financing plan for Rhodium

Despite these setbacks, Rhodium has secured an unusual debtor-in-possession financing plan approved by a Texas court.

This plan, offered by Galaxy Digital — a blockchain firm led by Mike Novogratz — provides Rhodium with a choice between a $30 million loan with a 14.5% annual interest rate or a 500 Bitcoin loan with a 9.5% interest rate.

Notably, the Bitcoin miner has the option to repay the Bitcoin loan in US dollars, based on market prices at the time of repayment.

The approval of this financing plan is particularly striking given the volatility of Bitcoin price, which adds a layer of uncertainty to Rhodium’s repayment obligations. Over the last month, Bitcoin has seen a nearly 11% decline, reflecting broader market instability.

Rhodium’s struggles are not isolated; they are emblematic of the broader challenges facing the cryptocurrency mining industry. The recent Bitcoin halving has reduced mining rewards while rising electricity costs have eroded profit margins.

As Rhodium endeavours to reorganize and recover, its journey underscores the precarious state of the crypto-mining sector in an increasingly volatile market.

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Binance to support Cardano and Polygon network upgrades

• Binance will support Cardano and Polygon’s upcoming network events in September 2024.
• Cardano has its Chang hardfork scheduled for Sept. 1 and Polygon will see its MATIC to POL token transition start on Sept. 4.
• Binance will delist MATIC trading pairs on Sept. 10 and open POL trading pairs on Sept. 13.

Crypto exchange Binance has announced that it will support the upcoming network upgrades for Cardano (ADA) and Polygon (MATIC).

In separate announcements on Aug. 30, the exchange notified its customers and the broader cypto community that it would support Cardano’s Chang hard fork and Polygon’s MATIC to POL token migration.

Binance to support Cardano hard fork

On September 1, 2024, the Cardano network will activate its highly anticipated Chang hard fork. The upgrade that will introduce voting and treasury systems as part of Cardano’s governance and decentralization initially delayed from an expected implementation date on Aug. 27.

Binance and other exchanges had been unprepared for the hard fork. In a post on X, Cardano founder Charles Hoskinson noted that the delay was to allow these crucial ecosystem players prepare. Exchanges have reportedly reached the required threshold of 85%.

The magic of deadlines is that people who aren't taking upgrades seriously suddenly say damn we got to get moving. When they get moving, we converge quickly.

It looks like Binance and a few others need more time to get their houses in order, so the rocket is going to wait on…

— Charles Hoskinson (@IOHK_Charles) August 23, 2024

According to an update, the staking pool operators (SPOs) threshold has also been reached. Decentralized applications (dApps) are also ready and a vote to go live is “unanimously” agreed on for Sept. 1.

Binance will disable ADA deposits and withdrawals as part of the support for the hard fork.  

Binance will support the Cardano (ADA) network upgrade and hard fork.

👉 https://t.co/P13No4FWwE

— Binance (@binance) August 30, 2024

Polygon’s MATIC to POL token swap

Also getting Binance’s support is the upcoming Polygon token migration.

The exchange will delist all MATIC trading pairs on September, 2024 at 03:00 UTC and add support for the new token with ticker POL.  New POL trading pairs will go live on September 13, 2024 at 10:00 UTC, Binance announced.

Polygon expects the MATIC to POL token swap to go live on Sept. 4. Per this earlier announcement, POL will facilitate native gas and staking fuctions on Polygon PoS before expanding to cover other network uses.

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Crypto price predictions: Bitcoin Dogs, Tron, Akash Network

Cryptocurrency prices remained in a tight range on Monday, with Bitcoin continuing its consolidation around the key support at $60,000 and the market cap of all coins hovering at $2.06 trillion. The crypto fear and greed index was stuck at $46 while volume in exchanges has retreated. This article looks at three top coins like Bitcoin Dogs, Tron, and Akash Network.

Bitcoin Dogs price forecast

Bitcoin Dogs is a relatively new cryptocurrency that started trading earlier this month. In most cases, new cryptocurrencies tend to have some volatility as some of the pre-sale buyers exit their positions. They also drop as they move into a price-discovery phase. 

Bitcoin Dogs had one of the most successful token sales of the year as the developers launched over $13 million from investors. Its main call-to-action was that it was the biggest Initial Coin Offering (ICO) on the Bitcoin network.

ODOG token dropped sharply, reaching a low of $0.0060 on Thursday. Fortunately, two main things have happened, which could push the highly undervalued Bitcoin Dogs token higher. First, it has had two consecutive days of bullish volume, meaning that buyers are starting to come back in.

Second, Bitcoin Dogs has formed a small doji candlestick pattern, which is characterized by a small body and upper and lower shadows. In most cases, this is one of the most popular reversal signs in the market. This reversal sign is usually confirmed when the doji is followed by a big bullish candle, which is what happened on Thursday.

Therefore, while it is too early to tell, there is a likelihood that this is the beginning of a new bull run. If it happens, the token will likely rise to the key resistance point at $0.050, 151% above the current level. You can learn more about Bitcoin Dogs here.

Tron price analysis

Tron has been one of the best-performing cryptocurrencies this week as it soared to a record high of $0.1690. This rally happened because of its strong fundamentals and the recent launch of SunPump, the meme coin generator on Tron. 

Tron meme is about to explode soon. I saw a hater once predicted that Tron meme wouldn’t survive two weeks. Well, it’s been two weeks now. Then I saw him say：Nothing can stop Tron now. Is it still possible to join Tron in time?

— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 29, 2024

On the daily chart, Tron has remained constantly above all moving averages. It has also risen above the key resistance point at $0.15. Most notably, Tron flipped the important resistance point at $0.1448 into a support level. This was an important level since it was the upper side of the cup and handle pattern. 

Tron has both strong fundamentals and technicals, meaning that it will most likely stage a strong comeback, with the next point to watch being at $0.1690, its highest point this week. A break above that level will point to more upside.

Akash Network price prediction

Akash Network token retreated sharply on Thursday as artificial intelligence (AI) tokens fell after Nvidia’s earnings. It dropped for three consecutive days, moving below the key support at $3, the neckline of the slanting double-top chart pattern.

Akash Network has formed a death cross pattern as the 200-day and 50-day moving averages crossed each other. The token also moved below the key point at $2.60, its lowest point on July 5. 

Therefore, the outlook for the token is bearish, with the next point to watch being the psychological point at $2.0.

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Bitcoin Dogs unveils Liquidity Pool, offering traders more investment opportunities

Key takeaways

• Bitcoin Dogs offers traders more investment opportunities thanks to its new Liquidity Pool.
• $0DOG has increased by 131% in the last 24 hours as more investors access the token via MEXC and Gate.io.

Bitcoin Dogs unveils its Liquidity Pool

Bitcoin Dogs successfully launched its token on crypto exchanges following its presale. With $0DOG now live, the team is offering investors more investment opportunities thanks to the newly launched Liquidity Pool.

The pool allows traders to make huge gains with a fantastic APY Rate. Bitcoin Dogs has a minimum Liquidity Pool size of 50,000 $0DOG tokens and offers a 405.56% APY. Furthermore, APY is paid daily, making it a very attractive venture to investors.

The pool will aid trading and help support the 0DOG Token price, which is good for all community holders and the project’s long-term vision. Users will require 0DOG and WETH to join the Liquidity Pool.

Bitcoin Dogs is also launching a new Telegram game to attract more users. This new multiplayer PVP will launch this quarter and, with the right level of adoption, could push $0DOG’s price higher.

To take advantage of Bitcoin Dogs’ Liquidity Pool, investors must add WETH and (Bridged) ERC-20 0DOG tokens to the pool on Uniswap. After adding the tokens, users will receive LP tokens directly in the wallets they used for the transfer.

Furthermore, investors can also stake their LP tokens to earn more rewards. The APY is dynamically calculated and decreases as more people join the staking pool. To maximise returns, it’s advisable to participate early.

Read more about how to stake $0DOG here. 

What is Bitcoin Dogs?

With the abovementioned opportunities, some investors might still wonder about the Bitcoin Project. Bitcoin Dogs is a new project leveraging the growth of the Bitcoin blockchain to become a leading coin. 

It is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain. The Bitcoin Dogs project is already incorporating the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project. 

After raising $13 million during its presale, Bitcoin Dogs is trading on several crypto exchanges, including Gate.io and MEXC. The team is now focusing on rolling out its various products and has already launched its Liquidity Pool. 

$0DOG soars above 130% to trade at $0.02501

The broader cryptocurrency market is currently bearish, but Bitcoin Dogs saw one of its biggest price jumps since going live a few days ago. $0DOG is up 131% in the last 24 hours and trades at $0.02501 per coin. 

The rally can be attributed to Bitcoin Dogs’ performance during Gate.io’s Startup Voting Campaign, where it came second. Furthermore, Bitcoin Dogs now has an exclusive price predictions page on MEXC, allowing users to predict $0DOG’s price in the medium to long term. 

In addition to MEXC and Gate.io, $0DOG is also live on Uniswap, one of the leading decentralised crypto exchanges in the world. The token has also launched on Unisat, DEXTools, and OKX Web3. 

The token’s rapid adoption by these platforms could be one of the catalysts behind its recent price jump. 

Should you buy the Bitcoin Dogs token now?

Although Bitcoin Dogs is up over 100% in the last 24 hours, the token still has room for growth thanks to the plethora of products the team has in store. The team is working on launching other products after successfully unveiling its Liquidity Pool.

The addition of more products will increase $0DOG’s utility, which could lead to a price jump in the medium to long term. This could be an excellent opportunity for investors to purchase $0DOG before it lists on more centralised and decentralised cryptocurrency exchanges.

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Sony’s Soneium blockchain partners with Transak for fiat on-ramp services

• Sony’s Soneium partners with Transak for fiat on-ramp into Ethereum Layer 2.
• Gamers can buy and trade NFTs with traditional payment methods on Soneium.
• The partnership aims to drive blockchain adoption in the gaming and entertainment sectors.

Sony Block Solutions Labs, the innovation arm behind the recently launched Soneium blockchain, has announced a strategic partnership with Transak, a leading Web3 payments infrastructure provider.

The collaboration aims to simplify the onboarding process for mainstream users into the Soneium blockchain, an Ethereum Layer 2 network, by enabling the use of traditional payment methods.

Empowering gamers and developers

The partnership is poised to make a significant impact on the gaming industry, a sector already familiar with digital assets and in-game currencies.

By integrating Transak’s payment solutions, gamers can now purchase, transfer, and trade in-game assets and NFTs using traditional fiat currencies. This seamless integration is expected to drive broader adoption of blockchain technology within the gaming community, offering new monetization opportunities for both developers and players.

In the press release announcing the collaboration, Transak’s Co-Founder and CEO, Sami Start, emphasized the importance of the partnership, stating that it underscores the company’s “commitment to bridging the gap between Web2 and Web3, empowering industries such as gaming and entertainment with innovative solutions that enhance user experiences and drive digital transformation.”

A step towards broader Soneium adoption

Soneium, developed by Sony Block Solutions Labs, is built on the Op Stack and is designed to support consumer-grade applications. The network is a joint venture between Sony Group Corporation and Startale Labs, with notable early experimenters like Circle, Optimism, Alchemy, The Graph, Chainlink, and Astar Network.

Sota Watanabe, Director of Sony Block Solutions Labs, highlighted the potential of this partnership, stating that Transak’s dedicated solutions for multiple industries will empower developers to build groundbreaking projects on Soneium.

With Transak’s reach across 160 countries and its support for over 350 applications, the partnership is set to bridge the gap between traditional finance and blockchain technology, pushing the boundaries of what’s possible in the gaming and entertainment industries.

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Donald Trump unveils plan to make USA the ‘crypto capital of the planet’

• Donald Trump aims to make the US the “crypto capital of the planet” if elected.
• His sons’ World Liberty Financial may involve real-world assets and tokenization.
• Trump has promised a Bitcoin reserve and to replace SEC chair Gary Gensler.

In a bold move that could reshape the landscape of digital assets in the United States, former President Donald Trump has announced his intention to establish the US as the “crypto capital of the planet” if elected.

.@worldlibertyfi pic.twitter.com/mwhVIzPJyq

— Donald J. Trump (@realDonaldTrump) August 29, 2024

Trump’s announcement has ignited curiosity and speculation, particularly regarding the World Liberty Financial initiative spearheaded by his sons, Donald Trump Jr. and Eric Trump.

Though details of the World Liberty Financial project remain sparse, early rumours suggest that it may involve real-world assets and tokenization. The initiative’s official Telegram channel, which boasts over 53,000 subscribers, has cautioned crypto enthusiasts to remain vigilant against scams and imitation projects.

Trump’s embrace of cryptocurrency marks a significant shift from traditional political rhetoric. During a May gala, he first presented himself as a champion of the crypto industry, a stance he continued to reinforce at the July Bitcoin 2024 conference. There, he promised to create a strategic Bitcoin reserve and to replace Gary Gensler, the current Securities and Exchange Commission chair, a move likely to resonate with crypto advocates.

Amid fluctuating political odds between Donald Trump and Democratic candidate Kamala Harris, the former president’s crypto policies have garnered attention.

Additionally, a Bitcoin bill introduced by Republican Senator Cynthia Lummis from Wyoming has gained traction, aligning with Trump’s vision by proposing a strategic reserve of Bitcoin backed by gold certificates for a two-decade hold.

As the crypto landscape continues to evolve, Trump’s ambitious plans signal a potential shift in US policy that could influence the future of digital assets and blockchain technology especially if Donald Trump were to be re-elected.

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Dogecoin whale inflow surge by 118% as Poodlana gains 148% in a month

• Dogecoin (DOGE) net flow into whale wallets has surged by 118%, signalling bullish momentum.
• Poodlana’s price has jumped 148.75% in 30 days, fueled by strategic market moves.
• Both coins show strong growth potential, with DOGE and POODL gaining investor interest.

In a dynamic week for meme coins, Dogecoin (DOGE) and Poodlana (POODL) have captured significant attention in the cryptocurrency market.

DOGE has seen a remarkable 118% increase in net flow into large holders’ wallets, signalling strong bullish activity, while Poodlana recorded a 148.75% price increase over the past month, reflecting growing investor interest and strategic market positioning.

Dogecoin (DOGE) whale activity signals bullish momentum

Dogecoin (DOGE), the original meme cryptocurrency, has always been a favourite among retail investors and crypto enthusiasts.

However, recent developments suggest that larger players, or “whales,” are also making significant moves.

According to data from IntoTheBlock, the net flow of DOGE into the wallets of large holders surged by an astounding 118%, rising from 67.85 million to 148.36 million tokens. This influx is equivalent to $14.84 million, a considerable sum that underscores the growing confidence among these large investors.

The net flow metric is crucial in understanding market sentiment, particularly among whales who hold more than 0.1% of the total DOGE supply.

A spike in net flow typically indicates that these large holders are accumulating more tokens, which often precedes a price increase. Indeed, this recent surge in net flow was followed by a modest 1.5% increase in DOGE’s price, bringing it to $0.1015.

Interestingly, the real driver behind this bullish momentum seems to be a decrease in outflows rather than a substantial increase in inflows. Outflows from whale wallets dropped by 45.9%, down to 111.41 million tokens, while inflows only saw a minor decrease of 5.13%, remaining at 259.77 million DOGE tokens.

This reduction in selling pressure could be a sign that whales are holding onto their DOGE, anticipating a more significant price movement in the near future.

Poodlana’s meteoric rise as POODL sees 148.75% surge in 30 Days

While Dogecoin has been making waves with its whale activity, Poodlana (POODL), a newer entrant in the meme coin space, has been quietly gaining momentum.

Over the past 30 days, Poodlana’s price has surged by an impressive 148.75% from its presale stage to its price after the exchange listing, a reflection of both strategic market moves and growing investor interest.

Poodlana first captured attention with a highly successful $8 million presale, which set the stage for its subsequent listings on Raydium, MEXC, and Uniswap. These listings were not just about increasing liquidity; they were part of a broader market entry strategy designed to capitalize on the buzz generated during the presale.

With no vesting periods or lockups, early investors had the freedom to trade their tokens immediately, leading to significant buying pressure as the token transitioned to public markets.

The excitement surrounding Poodlana has been further amplified by persistent rumours of a potential Binance listing. Historically, new listings on Binance often result in significant price increase, making the possibility of such a listing a major point of speculation.

In addition, Poodlana’s association with Solana, a blockchain known for its speed and scalability, adds another layer of potential. Solana-based meme coins have seen dramatic price increases in the past, with some tokens appreciating by over 1,000%.

The future of DOGE and POODL

While both Dogecoin and Poodlana have shown strong performance, they cater to slightly different segments of the meme coin market.

Dogecoin, with its established community and broad recognition, continues to attract significant attention from both retail investors and whales. The recent surge in whale activity suggests that large holders are positioning themselves for potential gains, possibly anticipating further price increases driven by market sentiment or broader adoption.

On the other hand, Poodlana’s is unique poodle-themed branding and high-fashion aesthetic appeal to a niche and growing audience and the strategic decision to align with Solana could prove to be a masterstroke, given the blockchain’s reputation for speed and scalability.

Both Dogecoin and Poodlana are poised for potentially significant gains in the near future. Dogecoin’s whale activity and reduced selling pressure could lead to further price appreciation, while Poodlana’s rapid rise and strategic market positioning make it a token to watch closely.

Investors and enthusiasts should keep a close eye on both, as the meme coin market continues to evolve at a rapid pace.

If specifically interested in Poodlana (POODL), it is currently listed on MEXC, Raydium, and Uniswap and you could also visit its official website for more information about it.

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Bitcoin dips below $60k again. Is this a buying opportunity for gems like $POODL?

Key takeaways

• Bitcoin is down 6% in the last 24 hours and trades below the $60k level again.
• POODL is now live on MEXC, Raydium, and Bingx crypto exchanges.

BTC slips below $60k again

The cryptocurrency market is underperforming so far this week, with the prices of most coins and tokens down 6% or more in the last 24 hours. Bitcoin has lost over 6% of its value and trades below $60k.

At press time, the price of Bitcoin stands at $58,666 and could dip further if the bearish momentum continues. However, the retrace could also be a buying opportunity, allowing investors to load up on Bitcoin and other gems. 

What is Poodlana?

As the broader market underperforms, one of the projects investors could be looking to load up is $POODL, the native coin of the Poodlana ecosystem. The project is gathering steam amongst institutional and retail investors thanks to its unique approach to the market. 

Poodlana is a Solana-based meme coin that aims to introduce the glamor of high fashion to the crypto world. It promotes the ethos of community while providing utility to users.

The team will leverage Poodlana’s popularity in Japan, Korea, and China to build a strong community for this project.

Poodlana’s token is now live on MEXC and BingX

The Poodlana presale was successful, raising $8 million from the public. As soon as the presale was concluded, the team went ahead to list the token on centralised exchanges. 

$POODL has already gone live on the MEXC crypto exchange. The token was also recently listed on the BingX and Raydium exchanges. 

Currently, only the POODL/USDT pair is live on these exchanges, but they could list more pairs, such as POODL/BTC and POODL/ETH, in the coming weeks or months. 

Should you buy POODL in this dip?

The best times to purchase a token are during presale or a market dip. With the presale now over, the only option to explore is to purchase Poodlana tokens via cryptocurrency exchanges. 

Thanks to Bitcoin’s dip, most altcoins are currently underperforming. Hence, it could be an excellent time to purchase $POODL tokens on MEXC, BingX, and Raydium cryptocurrency exchanges. 

Meme coins have become a crucial part of the cryptocurrency ecosystem, with several having a market cap of $1 billion or more. $POODL is still in its early days but could challenge other leading memecoins like Shiba Inu, Pepe, and Dogecoin in the future.

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OKX adds support for new USDC spot trading pairs

• OKX has introduced support for multiple USDC spot trading pairs
• They include ZK, LITH, ZERO, ZRO, XNO, ONDO and LQTY

Crypto exchange OKX has announced spot trading support for multiple tokens against the stablecoin USDC.

According to an announcement, OKX has added USDC trading pairs for ZK, LITH, ZERO, ZRO, XNO, ONDO and LQTY among other tokens. Trading for these USDC pairs will begin on August 29, 2024, with tokens added between 6am and 8:30 am UTC.

“To support the growth of the USDC ecosystem and meet our users’ diverse trading needs, OKX is introducing the following USDC trading pairs in our spot trading between 6:00 am and 8:30 am UTC on August 29, 2024: CFG/USDC, XNO/USDC, LITH/USDC, ZK/USDC, LQTY/USDC, ZERO/USDC, ZRO/USDC, ONDO/USDC and G/USDC,” OKX notified its users.

ZKsync, Ondo and LayerZero are among the notable altcoin addition to the USDC spot trading market on OKX. Earlier this month, the exchange added USDC trading pairs for Basic Attention Token, Balancer, Moonriver, Ampleforth Governance, wrapped Bitcoin and Alchemix among others.

The exchange also recently added USDC, USDT, Bitcoin and Ethereum trading pairs against the Australian dollar (AUD).

USDC stablecoin

USDC is a US dollar-pegged stablecoin redeemable 1:1 for USD and has its reserves custody with leading financial institutions.

According to USDC issuer Circle, the stablecoin’s current circulating supply is $34.6 billion, while reserves stand at $34.8 billion.

In terms of reserves, there’s $4.2 billion in cash and $30.6 billion in the Circle Reserve Fund, a SEC-registered US government money market fund. The reserve fund’s portfolio includes short-dated US Treasuries, overnight US Treasury repurchase agreements as well as cash.

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Bitcoin Dogs (0DOG) pulls back as market loses steam, but there is a catch

• Bitcoin Dogs (0DOG) drops 49% from debut, but strong trading volume shows investor interest.
• Integration with Bitcoin blockchain and gaming features supports long-term growth.
• Controlled token release and upcoming developments may drive future price recovery.

As the broader cryptocurrency market experiences a downturn, Bitcoin Dogs (0DOG) is not immune to the pullback. Despite an initial surge in price following its debut, 0DOG has seen its value drop by nearly 50%.

However, beneath the surface of this decline lies a narrative of resilience and potential, driven by strong trading volumes and a series of upcoming developments that could reignite investor interest.

Market pullback and 0DOG price drop

The global cryptocurrency market has recently witnessed a decrease in overall value, with the total market cap now standing at $2.21 trillion, marking a 1.27% decrease over the last day.

Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) have all seen their prices drop, reflecting a broader bearish sentiment. In this context, Bitcoin Dogs (0DOG) has also experienced a significant pullback, with its price dropping by approximately 49.24% from its listing price of $0.0404 to around $0.02053.

Despite this decline, 0DOG has shown some signs of strength. The token’s trading volume remains relatively high, standing at around $3.37 million, indicating that investor interest has not waned entirely. This level of trading activity suggests that there is still a strong base of holders who believe in the token’s long-term potential.

The initial surge in 0DOG’s price, where it climbed almost 3x to reach $0.12270, demonstrated the robust demand and technical support backing the token. While the price has cooled off, the resilience in trading volume points to a potential for recovery, especially as the broader market stabilizes.

The catch: upcoming developments and future prospects

While the current price drop might deter some investors, those looking at the bigger picture will find reasons for optimism. Bitcoin Dogs (0DOG) is not just another meme coin; it’s part of a broader crypto-gaming and social ecosystem that integrates with Bitcoin’s blockchain.

The token’s initial success can be attributed to its strong presale, which raised $13.5 million, and its listing on major exchanges like MEXC, Gate, and UniSat.

The tokenomics of 0DOG, with a supply of 900 million tokens, has been designed to benefit long-term holders, particularly with the planned developments on the horizon.

The upcoming months are crucial for 0DOG’s trajectory. The token is expected to benefit from anticipated bullish trends in Bitcoin’s price action, particularly in Q4 2024, when Bitcoin’s price is predicted to surge.

Additionally, the integration of Bitcoin Dogs into the Telegram gaming sector, coupled with unique features like Tamagotchi-style gameplay, PvP battles, staking opportunities, and NFT collections, is set to attract a significant user base.

These developments are likely to drive additional interest and investment in 0DOG, potentially pushing its price beyond its recent highs.

Moreover, the token claim process, which began on August 21, 2024, is set to run for ten months, with 10% of the total claimable tokens available each month. This gradual release of tokens is expected to create a controlled supply, potentially limiting excessive sell pressure and supporting the price.

If intrigued by Bitcoin Dogs (0DOG), you can visit the official Bitcoin Dogs website to learn more about the cryptocurrency. 0DOG is currently tradable on MEXC, Gate, and UniSat for those looking for where to trade the token.

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Polygon Discord compromise spread to Avalanche and ZKsync

• Avalanche and ZKsync Discord servers were compromised within 48 hours of Polygon.
• Attackers shared fake links promising free tokens, exploiting both communities.
• Avalanche resolved their issue within an hour, while ZKsync’s breach remains unaddressed.

Over the weekend, the blockchain community was rocked by a series of Discord server compromises that began with Polygon and quickly spread to Avalanche and ZKsync.

The incidents, which involved the distribution of malicious links promising fake token distributions, highlight a growing trend of security breaches targeting cryptocurrency projects. These attacks not only undermine trust but also pose significant risks to users’ assets.

Phishing links shared after Avalanche Discord compromise

On August 25, Avalanche’s official Discord server was compromised, with attackers posting fraudulent links claiming to offer free AVAX tokens.

The official Avalanche account promptly alerted users to avoid interacting with or clicking on any links shared in the compromised server. Screenshots from members of the Avalanche community revealed the nature of the scam, which promised sham “distribution” schemes for AVAX tokens.

Avax discord looking sus…disabled chat in all channels and an announcement about “claiming Avax from the foundation”

My advice?

…don’t click anything in that discord for a while… pic.twitter.com/x9MLy4vPeX

— Stog Chog🔺 (@stogchog) August 25, 2024

Avalanche’s community lead, Ben Well, reported that the issue was identified and resolved within an hour, with efforts underway to restore normal server operations.

UPDATE: The official Avalanche Discord has been resecured and will reopen when CMs deem appropriate. https://t.co/bMwSI87TAs

— Avalanche 🔺 (@avax) August 25, 2024

Despite the swift response, the incident raised concerns about the vulnerability of major blockchain projects to similar exploits.

ZKsync Discord hit by simultaneous attack

The security breach at Avalanche was shortly followed by another incident, this time affecting ZKsync. Just an hour after Avalanche’s compromise, ZKsync’s Discord server was also breached.

Attackers used the same tactic of disseminating fake links, this time promising users free ZK tokens through a bogus “round 2 airdrop” scheme.

Although ZKsync has not yet officially addressed the exploit on social media, several team members have acknowledged the issue on their Discord channels.

Crypto Discord server attacks on the rise

The recent attack on Polygon, Avalanche and ZKsyncs’ Discord is part of a troubling trend of high-profile breaches in the crypto community.

On March 25, 2023, CertiK exposed a phishing scam on Arbitrum’s Discord, which exploited a compromised developer account to spread a malicious link.

Similarly, on May 5, the Gnus.AI network suffered a Discord-related exploit, resulting in a $1.27 million loss.

This sequence of breaches underscores a troubling pattern of coordinated attacks targeting prominent blockchain platforms. The attacks, which involve phishing schemes and fraudulent token distributions, not only threaten individual users but also compromise the integrity of the affected projects.

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TON losses 18% over the weekend. Will it bounce back soon?

Key takeaways

• TON is down 18% over the weekend following Durov’s arrest.
• $0DOG officially begins trading on Gate.io and MEXC exchanges.

TON dips Below $6 following Telegram CEO’s arrest

TON, The Open Network’s native coin, is trading below $6 after losing 18% of its value over the weekend. The poor performance comes after Pavel Durov, Telegram’s founder and CEO, was arrested in France on Saturday. 

At press time, TON is trading at $5.64 and has dropped to the tenth place in the market. If the bearish trend continues, TON could drop below the $5.5 mark in the coming hours. However, Durov’s release could see the coin rally higher in the short term. 

What is Bitcoin Dogs?

The cryptocurrency market continues to churn out excellent projects that provide unique value propositions to investors and users. Bitcoin Dogs has joined this rank after raising over $13 million during its presale. 

Bitcoin Dogs is a new project leveraging the growth of the Bitcoin blockchain to become a leading coin. As the first BRC-20 token ICO on the Bitcoin network, Bitcoin Dogs adds another layer of utility to the blockchain. 

It combines the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture to build a solid project. 

After raising $13 million during its presale, Bitcoin Dogs is now trading on the Gate.io, Unisat, and MEXC cryptocurrency exchanges. The team is now focusing on rolling out its various products. 

Bitcoin Dogs is launching the biggest NFT mint on the Bitcoin network. The team seeks to make the Bitcoin network a leading smart contracts blockchain, similar to Ethereum, Solana, and BNBChain. 

$0DOG trades above $0.02

Bitcoin Dogs completed its presale and is now trading on three cryptocurrency exchanges. $0DOG has been listed on three Tier-1 crypto exchanges: Gate.io, Mexc, and Unisat.

Data obtained from MEXC showed that $0DOG is trading at $0.02181 per coin. Users can purchase $0DOG on MEXC and Gate.io. However, the only Bitcoin Dogs trading pair available currently is the 0DOG/USDT pair. The crypto exchanges could launch other $0DOG pairs as the project builds liquidity. 

Should you buy the Bitcoin Dogs token from the crypto exchanges?

If you are interested in investing in the Bitcoin Dogs project, you can only buy the tokens via the above-mentioned cryptocurrency exchanges. This could be an excellent opportunity for investors to purchase $0DOG before it lists on more centralised and decentralised cryptocurrency exchanges. 

Bitcoin Dogs could be a big winner in this bull run thanks to the project’s unique proposition to investors and users.

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Whale doubles down on SOL as traders eye Bitcoin Dogs

• Solana reclaimed the $160 level over the weekend to see SOL bulls reach the highest level since August 9.
• As a whale doubles down on SOL, what’s the outlook for Bitcoin Dogs?

Bitcoin recovered from a slight setback to trade above $64,000 on August 25, with this coming as the market reacted to news of the arrest of Telegram founder Pavel Durov.

Despite the double-digit dips for Toncoin, Bitcoin held near $64k and Solana retested the $160 price level, while traders continued to show bullishness for Bitcoin Dogs.

Whale stakes $4.5 million Solana (SOL)

News of Telegram founder Pavel Durov’s arrest in France attracted negative reaction across crypto. Top coins declined alongside Toncoin (TON), the cryptocurrency powering The Open Network blockchain that’s increasingly being integrated with encrypted messaging platform.

Here’s a comment from Edward Snowden:

The arrest of @Durov is an assault on the basic human rights of speech and association. I am surprised and deeply saddened that Macron has descended to the level of taking hostages as a means for gaining access to private communications. It lowers not only France, but the world.

— Edward Snowden (@Snowden) August 25, 2024

Despite the downside pressure, Bitcoin remained near $64,000 and Ethereum changed hands near $2,700. Meanwhile, Solana reached highs of $160 for the first time since early August.

A whale took advantage of the early slip to add to their SOL holdings. Per details by Lookonchain, a whale bought over 28k Solana (SOL) tokens worth over $4.5 million, which they proceeded to stake.

A whale bought 28,717 $SOL($4.56M) from #Binance today and staked it.https://t.co/X26MdvAuKh pic.twitter.com/iavZfNs9mb

— Lookonchain (@lookonchain) August 25, 2024

The whale’s big move is in spite of the Solana network seeing fierce competition in the meme coin space from TRON. Over the past week, SunPump platform has taken a significant bite into Pump.fun’s dominance, including in terms of revenue.

Is Bitcoin Dogs worth buying in current market?

As analysts across the market have suggested in recent weeks, various cryptocurrencies could offer a notable opportunity for a long-term bet.

BTC stands out for its potential breakout to a new all-time high. Meanwhile, traders hunting for the next gem are likely to find tokens such as Bitcoin Dogs potential opportunities.

The Bitcoin Dogs token is the BRC-20 token that completed the first-ever presale on Bitcoin. After making its debut on Gate.io, MEXC and Unisat, the 0DOG token has quickly listed on Uniswap and DEXTools. OKX Web3 wallet also support the 0DOG token.

In the lead up to Bitcoin Dogs’ listing on MEXC and Gate.io, top analysts suggested that this might a good buying opportunity for those eyeing 0DOG.

Conclusion

While Solana’s value has bounced off a multi-week hurdle, investors are bullish on SOL. Toncoin and Notcoin, which have tanked in the wake of Durov’s arrest, may yet bounce as the broader market eyes recovery.

Meanwhile, Bitcoin Dogs has the potential to be a good long-term opportunity, particularly the project’s blend of play-to-earn, NFTs and DeFi on Bitcoin. After the token’s listing on Gate.io, MEXC and Uniswap, 0DOG may be worth watching should other top exchanges follow suit and provide further visibility.

If interested in learning more about Bitcoin Dogs, visit their official website.

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WazirX to resume phased INR withdrawals, fees reduced by 60%

• WazirX will resume INR withdrawals in phases starting August 26, 2024.
• Users can withdraw up to 66% of INR balances, with fees reduced by 60%.
• Crypto withdrawals remain suspended as WazirX implements a Singapore Scheme.

Indian cryptocurrency exchange WazirX has announced a phased resumption of Indian Rupee (INR) withdrawals starting August 26, 2024, following a major cyberattack in July that led to a substantial loss of funds.

The hack, which resulted in over $230 million being stolen, prompted the exchange to halt all withdrawals and trading to mitigate the impact and assess the situation.

Crypto withdrawals remain suspended

In a recent update, WazirX revealed that while cryptocurrency withdrawals will remain suspended, INR withdrawals will begin in stages.

Users will be able to withdraw up to 66% of their INR balances, with the process unfolding in two phases.

Between August 26 and September 8, users can withdraw up to 50% of their INR balances. From September 9 to September 22, they will be able to access the full 66% limit.

The exchange has also announced a reduction in withdrawal fees by 60%, from INR 25 to INR 10, to ease the financial burden on its users during this challenging period.

WazirX pursuing a Singapore Scheme of Arrangement

The decision to halt cryptocurrency withdrawals stems from the significant loss of ERC-20 tokens in the cyberattack, leaving WazirX with insufficient assets to meet user liabilities. To address this, the exchange has said that it will pursue a Singapore Scheme of Arrangement, a legal restructuring process aimed at ensuring a fair distribution of the remaining assets.

In the announcement issued on August 23, WazirX stated:

“We will shortly be filing an application in the High Court of Singapore to ensure that the platform has the time and breathing space it needs to pursue a restructuring under a Scheme of Arrangement.”

The proposal, which must be approved by WazirX creditors and the High Court of Singapore, is intended to facilitate an equitable resolution for all stakeholders involved.

While INR withdrawals will soon resume, users with cryptocurrency holdings will need to await further developments as WazirX works towards a comprehensive solution. The phased INR withdrawal plan marks a critical step in the exchange’s recovery process, offering some relief to affected users.

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Bitget to Recruit 3000 Builders by 2025 Encouraging Next-Gen Crypto Influencers

Victoria, Seychelles, August 23rd, 2024, Chainwire

Bitget, the leading cryptocurrency exchange and Web3 company announced expanding its global recruitment initiative called Bitget Builders Program aimed at creating a network of global opinion leaders in the field of crypto. The program is aimed at accelerating Bitget’s growth momentum through responsible influencers and key opinion leaders (KOLs) around the world. The Bitget Builders program is designed to spark a chain reaction to crypto adoption, which will inject the next billion users into the crypto ecosystem.

As a part of this initiative, Bitget plans to recruit 3000 crypto influencers on top of the 5000 builders who have already embarked on a journey to change the financial landscape of the world. The recruitment program is not limited to any specific country, so applications for this program are invited from all over the world. Recently, LinkedIn founder predicted that 9 to 5 jobs will become obsolete by 2034 and self-driven professionals will earn more than permanent employees. With the belief that gig economy in crypto will bring a new route to financial independence for people in the space.

The recruitment will be done under three broad categories keeping in mind the active verticals in the crypto field. “Trading Builders” are pro-traders who are seasoned crypto investors and their role will be to guide the new entrants on registration process and execute their well-informed first trade with confidence. “Brand Builders” will play the role of brand custodians for Bitget and will be deployed for strategic content creation for crypto education, responsible trading and risk awareness. “Community Builders” will drive community engagement and create a tribe of individuals who breathe and live crypto.

“Crypto’s vast growth indicates its time to leverage our strength and expertise to accelerate adoption by creating micro-ecosystems across the globe. While the financial revolution is playing out, our global outreach program and the entire Bitget ecosystem will fuel this initiative to become an astounding success,” said Gracy Chen, CEO of Bitget

In rewards, Bitget Trading Builders can receive up to 50% commission, exclusive event rewards, and product training. Brand Builders can receive rewards for promotional tasks, content creation subsidies, and platform resource support, while Community Builders can receive community management subsidies, activity subsidies, and growth incentives. Overall, every category of builders will be fairly rewarded and helping them gain knowledge, expertise and support to grow in crypto as per their field of expertise.

Users can register for the Bitget Builders program from their country here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 30 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 Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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

 

Contact

PR team
media@bitget.com

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Bitcoin Dogs (0DOG) and SUN token price prediction amid bullish market sentiments

• Bitcoin Dogs (0DOG) surged by over 2.7x on debut, now stabilized around $0.03.
• Sun Token (SUN) has risen by over 127% to a high of $0.02568, driven by positive Tron ecosystem developments.
• Both 0DOG and SUN are poised for growth, with bullish trends and strong fundamentals.

As the cryptocurrency landscape evolves, certain tokens are making significant waves, capturing the attention of investors and analysts alike. Bitcoin Dogs (0DOG) and Sun token (SUN) are two notable examples, each experiencing substantial growth amid a bullish market.

This article delves into the recent performance of these tokens and offers insights into their future trajectories, reflecting the broader bullish sentiment in the crypto space.

Bitcoin Dogs (0DOG) pump after listing, can it maintain the momentum?

Bitcoin Dogs ($0DOG), the world’s first ICO on the Bitcoin BRC20 token, has made a remarkable entrance into the cryptocurrency market. The $0DOG token has been listed on three major exchanges: MEXC, Gate, and UniSat, and its debut was nothing short of spectacular.

On its first trading day, according to Gate.io data, $0DOG experienced an impressive surge, climbing over 2.7x to reach $0.12270 before stabilizing around $0.043 before the end of the day.

Although the token price has since dropped to around $0.03025 at press time, the initial pump highlighted the strong market demand and the robust technical support that 0DOG enjoys.

The success of 0DOG’s launch can be attributed to a combination of factors, including the anticipation built during its presale phase, which raised $13.4 million.

The token’s performance reflects investor enthusiasm and confidence in its potential. Despite some early profit-taking, $0DOG has stabilised around its launch price, establishing firm support. This resilience suggests that the token has a strong buyer base, similar to other successful meme coins like PEPE, which saw significant long-term gains despite initial volatility.

Looking ahead, the outlook for Bitcoin Dogs appears promising. Analysts are optimistic about 0DOG’s potential to capitalize on the anticipated bullish trends in Bitcoin’s price action. With Bitcoin’s price expected to surge in Q4, 0DOG is well-positioned to benefit from the broader cryptocurrency market’s growth.

Additionally, the integration of Bitcoin Dogs into the Telegram gaming sector, with its unique blend of Tamagotchi-style gameplay and PvP battles, is set to attract a significant user base, further enhancing the token’s growth prospects.

The upcoming developments, including staking opportunities, NFT collections, and game beta releases, will likely drive additional interest and investment in 0DOG.

SUN token future outlook amid bullish market sentiment

Sun token, the native token of SUN.io platform has also been making headlines with its recent price movements. The SUN.io platform is TRON’s first one-stop platform that supports stablecoin swap, token mining and self-governance.

Over the past seven days, SUN token price has seen a dramatic increase, rising over 127% to a high of $0.02568, its highest level since 2022.

This rally pushed its market cap to over $182 million and represented a 143% increase from its lowest point earlier in the month. The token’s impressive performance is a testament to the growth of the Sun ecosystem as the broader Tron ecosystem sees spontaneous growth buoyed by positive developments such as the launch of the SunPump platform.

The SunPump platform, which has already accumulated over $1.5 million in assets, is driving increased interest in SUN. The platform’s success in generating new meme coins and its comparison to Pump.fun, a notable meme coin generator, underscores its potential impact on SUN’s value.

In addition to the SunPump platform’s success, the broader Tron ecosystem has also contributed to SUN’s positive trajectory. The Tron blockchain has demonstrated substantial growth, with over 2.36 million active addresses and a market cap of over $59.54 billion for stablecoins. The ecosystem’s expansion enhances the overall value proposition of SUN.

Looking forward, SUN’s future prospects are closely tied to the continued success of the SunPump platform and the overall growth of the Tron ecosystem.

As a majority of Tron-based tokens continue to experience bullish sentiments, SUN is well-positioned to capitalize on these trends, potentially reaching new heights. With the recent upgrade to its contract and ongoing ecosystem developments, SUN’s upward momentum is expected to continue, making it a token to watch in the coming months.

Conclusion

Both Bitcoin Dogs (0DOG) and Sun (SUN) are poised for significant growth, driven by bullish market sentiments and strong underlying fundamentals.

As these tokens navigate their respective trajectories, they offer promising opportunities for investors looking to capitalize on the evolving cryptocurrency landscape.

If interested in Bitcoin Dogs (0DOG) it is currently available on MEXC, Gate, and UniSat. You could also visit the official Bitcoin Dogs website to learn more about the cryptocurrency.

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Sony launches Soneium blockchain to drive mainstream web3 adoption

• Sony launches Soneium blockchain to drive mainstream web3 adoption.
• Soneium focuses on scalability, built on Optimism’s Superchain.
• Soneium rollout will be in a three-phase plan: onboarding developers, integrating Sony products, and expanding to enterprises.

Sony has officially entered the blockchain arena with the launch of its own network, Soneium, developed in collaboration with Singapore-based Startale Labs.

The initiative, unveiled on August 23, marks a significant step in Sony’s strategy to push web3 technology into the mainstream.

Introducing #Soneium by #Sony Block Solutions Labs building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity.

Soneium aims to connect Web3 with everyday internet services, making blockchain technology more… pic.twitter.com/I7zAIbB5Td

— Soneium 💿 (@soneium) August 23, 2024

The Soneium blockchain

Soneium is designed as a public Ethereum layer-2 network, built on Optimism’s Superchain. It aims to overcome some of the most pressing challenges hindering blockchain adoption, such as scalability and efficiency.

The infrastructure for Soneium has been supported by industry leaders, including Circle, Chainlink, Alchemy, Astar Network, and The Graph.

The blockchain will initially target web3 developers and enthusiasts. According to Sota Watanabe, CEO of Startale Labs, the first year will focus on onboarding these core users. In the subsequent year, Sony plans to integrate a range of its own products, such as Sony Music, Sony Pictures, and Sony Bank, into the platform.

By the third year, the company aims to open up Soneium to other enterprises and decentralized applications (dApps), creating a diverse ecosystem that encourages broader adoption.

Soneium testnet

In conjunction with the Soneium blockchain launch, Sony has rolled out a Soneium testnet in partnership with Astar Network. This testnet will provide developers with a fully-featured framework and built-in tools, allowing them to experiment and build applications ahead of the public release.

Astar’s zero-knowledge Ethereum virtual machine (zkEVM) will also be integrated with Soneium, enhancing its capabilities with features like liquidity provision and support for both fungible and non-fungible tokens (NFTs).

Sony wants to achieve internet-level scalability

Sony’s foray into blockchain is not without precedent. The company had previously acquired the Whalefin crypto exchange, which has since been rebranded as S.BLOX.

In 2018, Sony embarked on building a blockchain-enabled rights management system for digital content. In 2023, Sony Network Communications, a business division of The Sony Group, announced a strategic partnership with Astar Network to set up a web3 incubation program.

Sony’s ambitious plans for Soneium reflect its belief in blockchain as a transformative technology capable of decentralizing the internet and empowering users.

With a goal of achieving “internet-level scalability,” Sony is positioning Soneium as a key player in the future of web3.

This move by Sony underscores the growing momentum in the blockchain space, as major corporations increasingly explore and invest in decentralized technologies.

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Tron overtakes Cardano to clinch tenth place as Bitcoin Dogs investors claim tokens

Key takeaways

• Tron’s TRX has overtaken ADA to become the tenth-largest cryptocurrency by market cap.
• Bitcoin Dogs investors can now claim their tokens after raising $13 million during presale.

Tron overtakes ADA to enter the top 10

TRX, Tron’s native coin, has overtaken Cardano’s ADA to become the tenth-largest cryptocurrency by market cap. This comes after TRX added over 20% to its value in the last seven days.

Thanks to this rally, TRX’s market cap now stands at $13.8 billion. TRX could be eyeing the ninth spot, which currently belongs to DOGE, with a $15 billion market cap. 

What is Bitcoin Dogs?

As the battle for supremacy rages on among the top 10 cryptocurrencies by market cap, new projects continue to emerge, attracting the attention of investors. Bitcoin Dogs has launched with big applause after raising over $13 million during its presale. 

The project is leveraging the growth of the Bitcoin blockchain in recent years to advance its position in the market. Bitcoin Dogs will provide utility to users and is the first BRC-20 token ICO on the Bitcoin network.

The project provides a unique value proposition to investors, as its products combine the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture.

With $0DOG now live on exchanges, the developers are focusing on rolling out their various products. One of their primary products is the biggest NFT mint on the Bitcoin network. The team wants the Bitcoin network to compete with leading smart contract blockchains like Ethereum, Solana, and BNBChain. 

Bitcoin Dogs investors can now claim their tokens

$0DOG went live on three crypto exchanges a few days after the presale was concluded. $0DOG has been listed listed on three Tier-1 crypto exchanges, Gate.io, Mexc, and Unisat.

Following Bitcoin Dogs listing on these exchanges, the team revealed a few hours ago that investors can now claim their tokens. According to the information on its website, only 900 million $0DOG tokens were minted. 

Furthermore, investors would have access to an exclusive NFT collection and an immersive gaming ecosystem.

Click here to learn more about the recently concluded Bitcoin Dogs presale.

Should you buy the Bitcoin Dogs token now?

With Bitcoin Dogs now available on three exchanges, the project could attract millions of investors. The public can now buy $0DOG from the above-mentioned crypto exchanges. 

This could be an excellent opportunity for investors to purchase $0DOG before it lists on more centralised and decentralised cryptocurrency exchanges. The cryptocurrency market has been choppy in recent months and could remain so until the end of the year.

However, market analysts are still optimistic of a bullish cycle in the coming months and Bitcoin Dogs could be a top performer.

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SuperRare (RARE) soars 187% with Poodlana poised to skyrocket with exchange listing

• SuperRare (RARE) has seen a 187% price surge in a week, reflecting strong NFT market growth.
• Poodlana (POODL) is set for a tier-1 exchange listing on August 23, 2024, after listing on Raydium and MEXC.
• Poodlana’s potential Binance listing and Solana connection further boost its growth outlook.

SuperRare, a leading NFT marketplace, has seen its token price surge by 187% in recent weeks, reflecting growing interest in digital art.

At the same time, Poodlana (POODL), a new player in the meme coin arena, is gearing up for a major exchange listing that could further fuel its explosive growth.

SuperRare (RARE) impressive surge

Founded in 2018, SuperRare has established itself as a premier platform for curated on-chain art. With over $300 million in total sales and $180 million earned by artists, it has become a cornerstone in the NFT space. The $RARE token is central to SuperRare’s ecosystem, serving as both a currency for transactions and a governance tool through the RareDAO.

Recent performance metrics highlight SuperRare’s remarkable growth. As of the latest figures, the $RARE token price stands at $0.2508, reflecting a 4.49% increase in the past 24 hours.

More strikingly, it has surged by 187.89% over the past week and 172.14% over the last 30 days. This dramatic rise in value underscores the increasing popularity and investment in the SuperRare platform.

The recent uptick in SuperRare’s token price can be attributed to several factors. The platform’s ongoing commitment to improving art market discovery and decentralization, coupled with its innovative approach to artist royalties, has resonated strongly within the crypto community.

As a pioneer in perpetual artist royalties, SuperRare continues to attract artists and collectors, driving up both its market cap and trading volume.

Poodlana poised for a meteoric rise after major exchange listing

On the heels of SuperRare’s success, Poodlana is setting the stage for its meteoric rise. Launched with a highly successful $8 million presale, Poodlana has already made its debut on Raydium and MEXC.

The token is also scheduled for listing on a tier-1 exchange on August 23, 2024. The excitement surrounding the listing has been amplified by persistent rumours of a potential Binance listing, which could further drive demand.

The potential impact of the Binance effect is considerable. Historical data shows that new listings on Binance often result in an average price surge of around 40%.

Poodlana’s market entry strategy is designed to capitalize on the buzz generated during its presale. With no vesting periods or lockups, the token is expected to experience significant buying pressure as it transitions to public markets.

Given Poodlana’s targeted appeal in the Asian meme coin market — a region that drives a substantial portion of meme trading volume — the token is well-positioned for a strong performance. The unique poodle theme and high-fashion branding are also contributing to its growing popularity.

Moreover, Poodlana’s association with Solana, a blockchain known for its speed and scalability, adds another layer of potential. Solana meme coins have seen significant appreciation, with some tokens experiencing surges of over 1,000%. Poodlana’s alignment with this trend suggests that it could also see substantial growth.

The exchange listing is not just about liquidity; it is a strategic move to capture market momentum and establish Poodlana as a leading player in the meme coin space. Investors and enthusiasts are eagerly awaiting the tier-1 exchange listing, hoping to lock in gains before the anticipated FOMO-driven price surge.

The post SuperRare (RARE) soars 187% with Poodlana poised to skyrocket with exchange listing appeared first on CoinJournal.

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