Crypto News on 08 Nov, 2024

     Catch up on all the key developments in the cryptocurrency world from October 2, 2024. On this day, the crypto market saw significant movements, regulatory updates, and breakthrough announcements from leading blockchain projects. Explore in-depth analyses, price fluctuations, and expert commentary on trending coins and tokens. Whether you're tracking Bitcoin's latest performance or the rise of altcoins, our detailed coverage ensures you're always informed about the latest in crypto.

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How I Became a Blockchain Monk

In a time of unprecedented and accelerating technological breakthroughs, trust appears to be at an all-time low around the world. People have material comforts at their fingertips that would have been unfathomable a generation or two ago. Yet amid this abundance, people are increasingly bereft of meaning and purpose. We have become materially rich and spiritually poor.Those who are driven to create something new in the world often emerge from interesting backgrounds. They are products of their time. And while I don't claim any extraordinary achievement or particular insight, I think it is fair to say that my own journey as an entrepreneur has been molded by the forces of discontent around us and the search for something true. And I am here to tell you: Truth and trust can be found in the most disparate of places, from ancient monasteries to the Ethereum blockchain.I grew up in a communist state. Not the Soviet Union or Cuba but the Indian state of West Bengal, which under India's federalist constitution followed a strict communist ideology that affected how we saw money, property and even religion and individualism. It is safe to say that my worldview, from the start, was molded by this totalizing, centralizing atheist ideology, an ideology that promised freedom from the burdens of acquiring capital. For years, I never questioned it.But, like most people emerging into adulthood, I eventually came to question the received wisdom as I learned to listen to my gut feelings of doubt and uncertainty. I began a search for truth that led me to interrogate the worldview around me. I started to wonder how much I could trust it.This marked the beginning of a search for trust that would turn out to be a lifelong journey.A Journey Starts With a Single StepI have always been captivated by technology, diving into programming at an early age, fascinated by its logic and potential. I believed that even if everything else fails, logic would always work, that I could trust it wholeheartedly. So I eventually left home to study computer science at a university. And as I learned more, something else began to motivate me: a call to understand the spiritual and existential questions that communism rarely touched upon.This led me to the next step in my journey. I became a Buddhist monk.During my university studies, I also entered a monastery. Because of my background in programming from an early age, I was able to skip classes at the university and go back to the grand, mystical Himalayas. There, I spent months in seclusion, meditating in caves or sitting with spiritual texts, as I studied the meaning of community and human trust. My teachers introduced me to practices of making our own "time" as an ancient practice for human unity.Time, I came to realize, is one of the fundamental yet mundane ways people measure and honor the invisible threads connecting them. Time tells us eventually what is worth our trust. Buddhism teaches that time is precious and finite—that each moment should be put toward a greater purpose. That the meaning of life is to live life meaningfully, living with the passage of time always in sight. This understanding would shape the philosophy that still guides me today.Back Into the FrayUltimately, my spiritual mentors encouraged me to use my skills and insights beyond the walls of the monastery. It was time—pun intended—to move on.If you were looking for a 180-degree change from the environment of a Buddhist monastery, few places would fit the bill better than New York City. So naturally I decided to make that my next destination. I worked in finance for American Express and later Nasdaq, where I was immersed in a world driven by financial markets and global exchanges. The culture shock was immense; the relentless pursuit of profit was jarring.I soon found myself on the front lines of Occupy Wall Street. The protesters, rallying against financial inequality and corruption, sparked a curiosity within me about alternative financial systems. This was when I first encountered bitcoin. Even back then, I sensed a glimmer of potential—a way to challenge the institutions people no longer trusted, to offer a new path rooted in a radical rethinking of technological and financial systems.Blockchain's purpose has often been obscured amid periodic "crypto bubbles" defined by a rush for personal gain. But for me this is a distraction. Blockchains have never been primarily a tool for transferring wealth. They are timekeepers. Bitcoin creator Satoshi Nakamoto himself called it a "time chain" – a record of truth over time, a ledger that connects us across moments and places in a shared history of trust. As they say, time is money, and sometimes cryptocurrencies take on that form.Bringing It All TogetherToday, I devote my time to furthering the utility and adoption of blockchains. I believe this technology offers us the promise of rediscovering trust in a world of increasing complexity and uncertainty. My challenge is to build tools that demonstrate that blockchains are about more than financial engineering. Properly deployed, they can underpin a new information infrastructure built for the 21st century with a notion of time that fits our age of acceleration and speed.People sometimes ask me why I decided to leave the monastic life in pursuit of material success. The answer is that I didn't. I'm still a monk. In Buddhism, there is no assumption that leaving the monastery means abandoning your spiritual pursuits. Think of it this way: A pianist does not stop being a musician because they leave the conservatory. They simply choose to focus, for a time, on other things. So I am still a Buddhist monk. I just happen to be the co-founder of a blockchain company too.Anuj Das Gupta is a co-founder of Smart Transactions (STXN), a company specializing in verifiable time machines on Ethereum.

 2024-11-08 15:25:03

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The Outlook For Crypto Under Trump And A Republican Congress

Share to Facebook Share to Twitter Share to Linkedin NASHVILLE, TENNESSEE - JULY 27: Former President and 2024 Republican presidential candidate Donald ... [+] Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference at Music City Center July 27, 2024 in Nashville, Tennessee. The conference, which is aimed at bitcoin enthusiasts, features multiple vendor and entertainment spaces and seminars by celebrities and politicians. (Photo by Jon Cherry/Getty Images) Getty Images As it became clear on Election Night that President-elect Donald Trump was set to return to the White House, crypto markets, unsurprisingly, began to rise, reflecting optimism about the relief a Trump administration will likely bring to the industry. There is no denying that Trump will be a more pro-crypto president than President Joe Biden has been. However, there are uncertainties over how much he will be involved with advancing the industry and how likely a law can be passed in Congress amid a crowded legislative agenda. Trump’s position in the White House will mean a refreshed perception of the crypto industry at the top of the executive branch. Still, his choices of regulatory nominees will be critical to shaping his administration's policies toward the sector. Key positions to watch include who Trump nominates to lead the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Treasury Department. All candidates for these positions will likely share Trump’s favorable view of the industry, but it is unknown how high of a priority it may be. The Trump administration is likely to prioritize deregulation across most sectors. However, crypto is the one area that could go against that trend, with industry members eager for regulatory clarity. How high of a priority crypto is for these regulators will determine how long that process takes, but winding down some of the SEC’s current lawsuits could be faster. Still, more likely than not, there will at least be some form of favorable regulatory guidance, if not a rule, from these agencies. The most important guidance that could be given is a joint document from the SEC and CFTC on how the two agencies will determine whether a token is a security or a commodity. If pursued under the Trump administration, this guidance would likely lean toward the industry-preferred perspective, and most tokens would be commodities rather than securities. However, this issue of classifying tokens is also among the likely areas that Congress would address with legislation, such as a bill similar to the Financial Innovation and Technology for the 21st Century Act if a crypto-related bill is going to pass. The advantage of making this change through legislation is that it would be harder for a future crypto-skeptical industry to walk back than an interpretative rule or agency regulation. A Republican trifecta, which looks relatively likely at this point, is the best election outcome the crypto industry could have hoped for at the federal level, especially for trying to get legislation through Congress. The most critical win for the sector was Senator-elect Bernie Moreno’s (R-Ohio) victory over Senator Sherrod Brown (D-Ohio), as it removed a powerful industry opponent and was vital in ensuring a Republican-controlled Senate. The House has yet to be officially determined as races remain uncalled, but Republicans are in a favorable position to defend their majority, according to The Cook Political Report. MORE FOR YOU Today’s NYT Mini Crossword Answers For Friday, November 8 Federal Judge Strikes Down Biden Program Offering Legal Status To Undocumented Spouses Of U.S. Citizens Can Trump Fire Jerome Powell? Fed Chairman Says He Won’t Resign If Trump Asks Still, passing a bill like FIT21 or other crypto-related legislation in the next Congress is not guaranteed. These measures will likely require the support of some Democrats in the Senate, and there is uncertainty over how high of a priority the bills may be amid a crowded legislative agenda. Additionally, who will succeed House Financial Services Committee Chair Patrick McHenry (R-N.C.) remains undecided, and the victor will significantly impact the chances and timing of getting any of these bills done. In the Senate, Senator Tim Scott (R-S.C.) is in line to become chair of the Senate Banking, Housing, and Urban Affairs Committee. While a crypto supporter, Scott has yet to indicate that it is a top priority. The outlook for crypto under Trump and a unified Republican government has undoubtedly improved from its position under the Biden administration. However, this change will likely take some time to manifest itself as new agency heads need to be confirmed by the Senate, and passing laws through Congress is a notoriously slow and difficult process, even when one party controls the White House and both chambers of Congress. Follow me on Twitter or LinkedIn. Owen Tedford Editorial Standards Forbes Accolades

 2024-11-08 14:42:11

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Crypto’s $135 Million Campaign Is Undefeated in 48 Races So Far

“You need to be there campaign after campaign, cycle after cycle. You need to keep showing up,” Loge said. “It’s not write a check, get a bill.” Still, crypto is taking a victory lap, even for races that weren’t particularly competitive. Protect Progress spent $1 million to back Michigan Democratic incumbent Representative Shri Thanedar, who won with more than 68% of the vote reported so far. Defend American Jobs spent $3 million in support of Republican Jim Justice’s Senate campaign in deep-red West Virginia. And its playbook could inspire other industries to mimic a strategy that flexes deep pockets and downplays actual corporate interests, said Claypool, calling it an “intimidation tool,” that seeks to “discipline” candidates and lawmakers to fall in line. “They’ve gone out of their way to avoid being ideological in terms of explaining what the mission of their super PACs is,” he said. “This is a huge ‘corporate money in politics’ problem that the crypto sector is exploiting in ways we haven’t seen before.” Some signs suggest it’s working. In the Nevada Senate race, the Republican candidate, Sam Brown, added cryptocurrency and blockchain innovation to his list of campaign priorities in late February, after Fairshake and its affiliates spent more than $14 million on advertising in other races ahead of Super Tuesday. His Democratic opponent, Jacky Rosen, also nods to the industry on her campaign page. Votes in that race are still being counted. Neither Fairshake nor its affiliates supported either candidate — this time.

 2024-11-08 13:40:52

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Théo Makes $48 Million: Discover the Impact of Neighbor Effect Poll on Trump Whale

On Election Day, an anonymous trader called the “Trump whale” got lucky. Or maybe it was more than luck. Not only did he predict that Donald Trump would win the presidency, but he also bet big that Trump would win the popular vote and triumph in Pennsylvania, Michigan, and Wisconsin. The “Trump whale,” who calls himself Théo and is a French national, was so confident he bet more than $30 million of his own money through the crypto betting site Polymarket, according to the Wall Street Journal. How Much Did Théo Win? Théo used four anonymous accounts on the site to make bets, with the usernames Fredi9999, Theo4, PrincessCaro, and Michie. At the time of writing, Theo4 and Fredi9999 rank as the first and second most profitable accounts of all time on Polymarket; PrincessCaro and Michie are in eighth and fourteenth place, respectively. Bloomberg estimates that Théo will make a profit of $48 million from those four accounts based on the election results. How the ‘Neighbor Effect’ Helped the ‘Trump Whale’ Win Big Théo told the WSJ that he had experience working as a trader and that his bets were really bets against the validity of U.S. polling data— he looked into U.S. polls over the summer and judged that they were skewed towards Harris. In Théo’s words, the polls didn’t account for two effects: the “shy Trump voter effect” and “the neighbor effect.” The “shy Trump voter effect” refers to Trump supporters who don’t want to participate in polls or are reluctant to outright voice their support for Trump. “The neighbor effect” was Théo’s solution to the problem: Instead of asking in a poll who the voter supports, “the neighbor effect” asks them who they think their neighbors are supporting. The question could indirectly show the voter’s true preferences. Théo told the WSJ that he commissioned his own private surveys that took the neighbor effect into account — and unlike mainstream polls, the results of his surveys showed overwhelming, “mind-blowing” support for Trump. The survey results helped inform Théo’s bets. Polymarket saw more than $3.7 billion spent on presidential election bets overall. Want to learn how a Trump win will impact your business? Join Entrepreneur’s webinar on 11/7 at 2 p.m. E.T.

 2024-11-08 13:39:47

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The SEC's 'war on crypto must end,' says SEC commissioner who could get top job

Mark Uyeda, one of the Securities and Exchange Commission’s (SEC) Republican members, wants to end the regulator’s alleged “war on crypto.” The cryptocurrency lobby has railed hard against the SEC and its chair, Gary Gensler, who has become uniquely despised by much of the crypto industry for the agency’s strict oversight. The Blockchain Association, which represents almost 100 industry participants, has said its members have spent more than $429 million fighting the SEC. Uyeda, who has served on the commission since 2022, has been a frequent defender of crypto companies. In September, he and Commissioner Hester Peirce blasted the SEC for a series of “misguided and overreaching cases,” as part of a dissenting opinion related to a company selling non-fungible tokens (NFTs). A month later, he described the SEC’s approach as a “disaster.” “The Commission’s war on crypto must end, including crypto enforcement actions solely based on a failure to register with no allegation of fraud or harm,” Uyeda told Fox Business this week. “President Trump and the American electorate have sent a clear message. Starting in 2025, the SEC’s role is to carry out that mandate.” The crypto lobby has reacted enthusiastically to Donald Trump’s election victory this week, saying it shows voters want change in the U.S., including on crypto policy. More than 260 pro-crypto House candidates and 18 Senate candidates won their respective elections this week, according to Stand with Crypto Alliance, an industry political action committee. With Trump heading back to the White House, he’s expected to make a series of adjustments to the federal government’s crypto stance. On the campaign trail, he positioned himself as a “crypto candidate,” actively embracing digital assets as part of his campaign and pledging to establish a national Bitcoin reserve. He also has a few crypto projects of his own, in the form of a line of NFTs and World Liberty Financial — a decentralized finance project that’s named him “chief crypto advocate” and his sons as ambassadors and visionaries. Trump is expected to strip away Gensler’s chairmanship on “day one,” although he isn’t allowed to actually fire him. Gensler’s term expires in June 2026, but some researchers expect Gensler to resign from his post. Uyeda, a vocal critic of the SEC’s stance on crypto, could be in the running to replace Gensler, although the competition is stacked. Leading contenders include Dan Gallagher, the chief legal officer at Robinhood (HOOD) and a former Republican SEC commissioner, and Peirce, a favorite of the crypto community dubbed “crypto mom.” “She would be the best choice. Smart, fair, professional. Can work with both sides,” Coinbase (COIN) CEO Brian Armstrong wrote Wednesday on X, referring to Peirce. Peirce’s term expires next June, and Fox Business (FOXA), citing unnamed sources, reports that she would rather lead an internal task force dedicated to reevaluating the SEC’s approach to crypto. Gallagher told Politico last month that it’s “an honor to have my name included in any discussion of who may be the next SEC chairman.”

 2024-11-08 13:28:00

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Crypto CEO Kidnapped and Held for $1 Million Ransom

The CEO of a Canadian cryptocurrency company was kidnapped and held for ransom for a short period on Wednesday, Canadian media reported. Around 6 p.m., Toronto police received a report of a kidnapping around University Avenue and Richmond Street in Toronto. The CBC identified the victim as Dean Skurka, CEO of WonderFi, a publicly traded crypto platform that claims to oversee more than $1.35 billion in assets. The CBC said that Skurka was forced into a vehicle and paid a $1 million ransom to secure his release. He was eventually found in Centennial Park in Toronto, He told the outlet in an email that “Client funds and data remain safe, and were not impacted by this incident.” As of Thursday, Toronto police had not released any public information about the incident. Neither Skurka nor WonderFi posted any statements on the incident. Cryptocurrency founders, investors, and the people close to them have been targeted scores of times in recent years by thieves and kidnappers. In September, Nick Drakon, the then-CEO of crypto research firm Revelo Intel resigned from his job after disclosing that he was robbed by a group of attackers who stole his personal funds as well as assets from his businesses. Earlier this year, the FBI and local police arrested a dozen men involved in a home invasion spree that targeted crypto holders.

 2024-11-08 13:25:16

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North Korea's BlueNoroff Targeting Crypto Users on MacOS: Report

Cybersecurity firm SentinelLabs has raised an alert over a significant threat targeting crypto community members using macOS. According to their findings, the North Korean group BlueNoroff is distributing fake crypto news to entice users into downloading a multi-storage malware infection onto their MacBook. Dubbed the "Hidden Risk" campaign, this attack has been circulating since early 2024. Once activated, the malware can phish victims, leading to potential financial losses. The malware is triggered via suspicious mails, SentinelLabs said in its report. These emails feature fake crypto news that appears to have been sent from the identity of a legitimate influencer. “The emails hijack the name of a real person in an unrelated industry as a sender and purport to be forwarding a message from a well-known crypto social media influencer,” the report said.UBS Completes Pilot of Blockchain Solution for Tokenised Assets If the target macOS user opens the malicious URL attached to the email it redirects users to a PDF with the ‘delphidigital[.]org' domain, which is reportedly controlled by the BlueNoroff groups. “The full URL currently serves a benign form of the Bitcoin ETF document with titles that differ over time. However, at some point, this URL has or does switch to serving the first stage of a malicious application bundle entitled ‘Hidden Risk Behind New Surge of Bitcoin Price.app',” the report noted. According to SentinelLabs, BlueNoroff has established a network of infrastructure focused on cryptocurrency interests, mimicking legitimate Web3 solutions. This enables the group to target individuals engaged in crypto, extracting their information for phishing attacks.JPMorgan Rebrands Blockchain Unit from ‘Onyx’ to ‘Kinexys’: Details So far, Apple has not responded to the findings published by the cybersecurity firm. In September, the FBI reported that crypto consumers lost over $5.6 billion (roughly Rs. 47,029 crore) to cryptocurrency-related fraud in 2023, marking a 45 percent increase from 2022. The agency also noted a rise in crypto-focused hacks attributed to North Korea. In October, crypto tracking firm Arkham Intelligence revealed that an unknown hacker had compromised a US government crypto wallet containing assets seized from the 2016 Bitfinex hack. Arkham reported that around $20 million (roughly Rs. 168 crore) had been stolen from the wallet. Crypto community insiders have repeatedly warned individuals to avoid engaging with crypto-related content from unfamiliar or unverified sources. .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }

 2024-11-08 13:18:03

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Crypto’s $135 Million Campaign Is Undefeated in 48 Races So Far - Bloomberg

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 2024-11-08 13:17:19

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Crypto’s $135 Million Campaign Is Undefeated in 48 Races So Far - Bloomberg

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 2024-11-08 13:17:19

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AI Meets DeFi For New Financial Intelligence From The USA To Dubai

Share to Facebook Share to Twitter Share to Linkedin Business data Analytics and financial dashboard abstract background In a world where bytes meet banking, Artificial Intelligence (AI) isn't just meeting Decentralized Finance (DeFi)—it's creating a financial force multiplier that's DeFi-ning the future. As traditional finance plays catch-up, this AI-powered DeFi revolution is computing compound interest in ways Wall Street never imagined. From my vantage point traveling in Dubai—a city transforming from desert dunes to digital dominance—I'm witnessing the convergence of these technological titans firsthand. The Emirates' crystal-clear regulatory framework has turned its silicon sands into a fertile oasis for innovation, where both AI startups and blockchain behemoths are coding the next chapter of financial evolution. Here, among the world's tallest skyscrapers, the highest aspirations of digital finance are taking root, proving that when AI meets DeFi, the sky isn't the limit—it's just the beginning. During my recent visit to Dubai for Domain Days, I witnessed the city's remarkable leadership in both AI and blockchain technologies. In a conversation with Dr. Marwan Alzarouni, CEO of the Dubai Blockchain Center, he observed, "Dubai represents something unprecedented: a city that's simultaneously an AI accelerator and a DeFi incubator. The confluence of clear regulations, technological infrastructure, and visionary leadership has created a perfect storm for financial innovation. It's not just participating in the future of finance—it's actively architecting it." Dr. Marwan Alzarouni, CEO of the Dubai Blockchain Center Sandy Carter According to a report by Market Research Future, the AI in fintech market was valued at USD 9.6 billion in 2022 and is projected to grow to USD 39.1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.90% during the forecast period (2023–2032). Meanwhile, DeFi has surged, with the total value locked (TVL) peaking at over $200 billion in 2022, as reported by DeFi Pulse. This was the year AI went from curiosity to near-ubiquity; in 2023, McKinsey found that AI adoption did not reach 66 percent in any region; in 2024, more than two-thirds of respondents in nearly every region say their organizations use AI. MORE FOR YOU Today’s NYT Mini Crossword Answers For Friday, November 8 Federal Judge Strikes Down Biden Program Offering Legal Status To Undocumented Spouses Of U.S. Citizens Can Trump Fire Jerome Powell? Fed Chairman Says He Won’t Resign If Trump Asks Trump’s symbolic purchase of a hamburger with crypto is more than just a novelty—it signals how crypto is integrating into everyday American life and underscores its growing legitimacy as a mainstream payment option. In the evolving landscape of DeFi and AI, cryptocurrency serves as the foundational layer, facilitating seamless, decentralized transactions and enabling instant, cross-border payments without intermediaries. As AI tools enhance crypto's security and usability, they’re further integrating digital assets into day-to-day transactions, making crypto a viable currency rather than just an investment vehicle. DEFI concept. 3D render In the U.S., crypto’s utility in DeFi is especially pronounced, where it acts as the medium for lending, borrowing, and earning yield on decentralized platforms. Crypto’s blend with AI is also enhancing anti-fraud measures, refining predictive analytics for financial services, and even enabling smarter, more personalized financial products. Crypto is poised to push further into the mainstream, strengthening the DeFi and AI ecosystems as powerful alternatives to traditional finance. Together, they’re building a new financial paradigm where buying a hamburger—or investing in new financial products—can be done effortlessly through digital assets. The future of finance seems sunny, but there are some clouds gathering on the horizon, however. While not yet posing an existential risk, it’s important to recognize the emerging challenges that stand in the way of full AI-DeFi integration. The Dark Side of AI-DeFi Integration Before diving into the innovations, we must address the elephant in the room. Critics raise alarming concerns about the combination of AI and DeFi creating a "financial skynet" scenario. When autonomous AI agents control billions in digital assets, who's truly accountable when things go wrong? The October 2023 Flash Crash, reported by CoinDesk, where an AI trading bot malfunctioned on the Binance perpetual futures market caused a $40M loss in under 3 minutes, serves as a sobering warning. Furthermore, there's growing evidence that AI-powered DeFi platforms might be inadvertently creating new forms of financial inequality – where those with access to the best AI models consistently outperform regular retail investors. Not only would this be a betrayal of the AI revolution; it also undermines the incredible innovations we’re beginning to see emerge in this space. With this in mind, let’s take a look at some of the most exciting AI-DeFi applications, celebrate their potential – but be unafraid to identify the challenges on the road ahead. Leading Companies at the intersection of AI-DeFi While I was recently in Africa, I had the pleasure of speaking to Evan Luthra, General Partner, KOL Capital, about AI-DeFi. He told me, “The intersection of AI and DeFi is not just transformative—it’s revolutionary. We’re on the brink of a financial renaissance where decentralized systems and AI algorithms work in tandem to bring power directly to the people. This shift will break down traditional barriers, enabling global, frictionless access to wealth-building opportunities previously reserved for a select few. In the near future, everyone, regardless of geography or background, will have the tools to manage, grow, and protect their financial futures with unprecedented precision and autonomy. This is the new world of finance, and it’s only just beginning.” Evan Luthra, General Partner, KOL Partner Evan Luthra Here are some of the top companies in this space. 1. Numerai: Crowdsourced Investment Intelligence. Numerai is making waves in the hedge fund space by using AI to crowdsource financial data predictions. While revolutionary, some economists warn this model could create dangerous feedback loops in market behavior, potentially amplifying rather than predicting market movements. 2. Alethea AI: From NFTs to Smart Financial Contracts. Alethea AI is widely known for its pioneering work in creating interactive and intelligent NFTs. But its AI capabilities go beyond digital art. Imagine a DeFi world where smart contracts don't just execute code but adapt, respond, and make decisions based on real-time data. Alethea AI's technology could be a game-changer for DeFi platforms looking to enhance user engagement and create intelligent, self-adjusting financial contracts. 3. Fetch.ai: Autonomous Agents for Financial Automation. Fetch.ai merges blockchain and AI to deploy autonomous agents that execute complex financial and data-sharing tasks. For DeFi, this means a world where market-making and smart contract operations run seamlessly without human intervention. These AI agents analyze market conditions, optimize trading strategies, and even negotiate asset trades—all in real-time. Fetch.ai's ecosystem illustrates how AI-driven automation can take decentralized finance to the next level of sophistication. Robotic process automation RPA Document management system DMS for company digital transformation ... [+] paperless workflow, better data search store share and security cloud technology. futuristic 3D robot 4. SingularityDAO: The Powerhouse for DeFi Portfolios. A subsidiary of SingularityNET, SingularityDAO leverages AI to manage and optimize DeFi portfolios. At its heart is the concept of DynaSets – dynamically managed assets that are automatically rebalanced by AI-based signals and algorithms. Their AI-driven tools continue to predict market movements, automate trading, and enhance yield strategies. 5. Autonio Foundation: Democratizing Algorithmic Trading. Autonio Foundation is on a mission to make algorithmic trading more accessible to everyday users. By developing AI-powered trading tools and analytics, Autonio equips traders to compete in the high-speed world of DeFi. Its solutions improve liquidity, enable strategic trading, and harness machine learning for better market insights. This democratization of AI-driven trading shows how powerful tech, once reserved for financial giants, is becoming available to a wider audience. Why Some Argue AI Could Do This Without Blockchain While the integration of AI and blockchain is seen as a powerful combination, some experts argue that AI could achieve many of the same benefits without blockchain. AI's ability to process vast amounts of data, optimize decision-making, and automate complex processes stands on its own. Critics point out that blockchain's decentralization, while valuable for trust and transparency, can introduce inefficiencies and slower transaction speeds. They suggest that centralized systems enhanced by AI could provide similar levels of innovation, security, and efficiency without the added complexity of blockchain technology. This debate underscores the tension between the modern trend towards decentralization, and AI’s voracious, all-consuming appetite for data and computing power. The question is whether blockchain is essential, or simply a complementary layer in AI-driven financial solutions. What's Next for AI in DeFi? The convergence of AI and DeFi is still in its early stages, but the implications are massive. Companies like Numerai, Alethea AI, Fetch.ai, SingularityDAO, and Autonio Foundation are proving that the potential of these technologies is far from theoretical. They are building solutions that aren't just futuristic—they're functional, present, and poised to reshape finance as we know it. The future of DeFi is one that's smart, automated, and inclusive, thanks to the transformative power of AI. However, as we've seen with recent flash crashes and emerging controversies, this future also comes with significant risks that need to be carefully managed and regulated. Technological revolutions will always have their enemies; right now, what the emerging and converging AI and DeFi industries need is some honest and critical friends to ensure they stay on the right track, swerve potential risks, and ensure they bring benefits equally and to all. Follow me on Twitter or LinkedIn. Sandy Carter Editorial Standards Forbes Accolades

 2024-11-08 13:00:00

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Leak Reveals BlackRock Is Quietly Doubling Down On Bitcoin As The Price Suddenly Rockets Toward $100,000

Share to Facebook Share to Twitter Share to Linkedin Bitcoin and crypto prices have surged this week as traders cheer Donald Trump's decisive U.S. election victory, putting a $100,000 bitcoin price in view. Unlock over $3,000 in perks including unparalleled access to a community of top Web3 entrepreneurs, creators, and investors, providing you with premium networking, priority access to global events, Free access to Forbes.com and our Forbes CryptoAsset & Blockchain Advisor newsletter. Apply now! The bitcoin price has climbed through 2024 on the back of Trump's embrace of bitcoin as well as expectations of Federal Reserve interest rate cuts and China stimulus measures and Wall Street adoption. Now, as markets brace for a Trump "game-changer," a leak has revealed the world's largest asset manager BlackRock is in discussions to buy a stake in the "king" of spot bitcoin exchange-traded fund (ETF) holders. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run Forbes‘$100,000 By 2025’—Donald Trump And Elon Musk Fuel Huge Bitcoin Price Predictions As Dogecoin SoarsBy Billy Bambrough MORE FOR YOU Today’s NYT Mini Crossword Answers For Friday, November 8 Federal Judge Strikes Down Biden Program Offering Legal Status To Undocumented Spouses Of U.S. Citizens Can Trump Fire Jerome Powell? Fed Chairman Says He Won’t Resign If Trump Asks BlackRock chief executive Larry Fink has steered the world's largest asset manager toward bitcoin ... [+] and crypto in recent years, catapulting the bitcoin price higher. Getty Images BlackRock, the world's largest asset manager that's in the middle of a multi-stage plan to digitize Wall Street with crypto and blockchain, is in discussions to buy a small equity stake in $70 billion alternative asset manager Millennium, a hedge fund described as the "king" of bitcoin ETF holders, according to a Financial Times report citing anonymous sources. Earlier this year, Millennium was revealed to hold nearly $2 billion in spot bitcoin ETFs as of the first quarter of 2024, with almost $2 billion across five spot bitcoin ETFs, led by a near-$800 million stake in BlackRock's IBIT bitcoin fund. Last month, BlackRock chief executive Larry Fink outlined his plan for bitcoin, ethereum and crypto during BlackRock's third quarter earnings call, predicting bitcoin, ethereum and crypto will "overlay" with artificial intelligence. "We believe bitcoin is asset class in itself, it is an alternative to other commodities like gold," Fink, who last year led the charge on Wall Street to bring a fully-fledged spot bitcoin ETF to U.S. markets. The arrival of a fleet of spot bitcoin ETFs on Wall Street this year was the first step in what Fink branded a digital "revolution" when he revealed his crypto ambitions for BlackRock—which includes a blockchain-based alternative to the U.S. dollar. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious ForbesA Trump U.S. Strategic Bitcoin Reserve ‘Game-Changer’ Is Suddenly Hurtling Toward The Bitcoin PriceBy Billy Bambrough The bitcoin price has surged this year, in large part due to BlackRock's huge spot bitcoin ... [+] exchange-traded fund (ETF). Forbes Digital Assets On Thursday, BlackRock's IBIT saw a record net inflows, with $1.1 billion flowing into its bitcoin fund and blowing its previous record, set in late October, of almost $900 million out of the water. "We expect continued inflows into both exchanges and ETFs, leading to increased market volatility and potential spillover effects into other crypto investment funds," Caroline Bowler, chief executive of BTC Markets, said in emailed comments, pointing to BTC Markets' 300% increase in user logins this week. "This could drive broader liquidity and trading volume. There is also a significant risk of a feedback loop, where rising ETF inflows push bitcoin prices higher, attracting more capital. Overall, this surge in interest suggests that bitcoin is increasingly viewed as a core investment asset rather than a speculative play, potentially marking the beginning of a sustained period of heightened activity in the crypto market." Follow me on Twitter. Billy Bambrough Editorial Standards Forbes Accolades

 2024-11-08 12:55:21

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Bitcoin, Ethereum, Solana Rally Does Not Mean All Cryptocurrencies Will Moon: 10x Research

The ongoing rally of Bitcoin BTC/USD, Ethereum ETH/USD and Solana SOL/USD should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential. For instance, Solana proxies Jito JTO/USD and Jupiter JUP/USD outperformed with weekly gains of 24% and 16%, aligning with SOL-USDT's strong performance. Ethereum proxies have also seen significant gains, with Ethena ENA/USD achieving a 37% increase. Despite Ethereum not being the central focus in this rally, 10x Research points to signs of a possible bottom, supported by weekly stochastics indicators. “The day when BlackRock's marketing team launches an Ethereum ETF push is drawing closer,” the report adds, suggesting a potential boost to Ethereum's standing as interest in ETFs grows. The report highlights the convergence of crypto with traditional finance, predicting that regulatory developments in the U.S. could further stimulate institutional interest in cryptocurrencies. Ethereum, already the largest decentralized smart contract platform, is well-positioned to continue driving use cases with greater regulatory clarity. The report notes that Ethereum's appeal will be bolstered by lower gas fees following the anticipated Dencun upgrade in March 2024, potentially attracting more network validators and staking participants. Also Read: The Trump Effect: A Deep Dive Into How The Crypto Landscape Will Change In 2025 And Beyond The Bitcoin Uptrend: Bitcoin's market movements are also noteworthy. Bitcoin ETFs have recorded $1.4 billion in inflows, bringing the total inflows to over $25 billion this year. This trend indicates genuine buying interest, with Bitcoin spot ETFs alone seeing $5.1 billion in inflows. Low funding rates suggest this influx is largely from long-only buyers, leading to a potential squeeze in Bitcoin. The demand for calls over puts on Bitcoin reflects strong bullish sentiment. “Bitcoin Skew, the spread between implied volatility for puts versus calls, continues to fall, reflecting stronger demand for upside exposure over concerns about downside risk,” the report states. Bitcoin's volatility dynamics could shift as spot ETFs gain prominence, possibly leading investors toward higher-beta cryptocurrencies like Ethereum. Meanwhile, the report identifies an uptick in retail trading activity in South Korea, with tokens like UXLINK UXLINK/USD seeing substantial trading volume. As the token outpaced popular cryptocurrencies such as Dogecoin DOGE/USD and Bitcoin on Korean exchanges, it reflects a renewed interest among retail traders and adds a layer of volatility to the market landscape. This rally is unfolding amid institutional inflows and increased interest in core cryptocurrencies. 10x Research suggests that as institutional mandates expand, attention will likely consolidate around major cryptocurrencies, notably Bitcoin, Ethereum and Solana. These assets are not only leading the market but are also positioned to drive the crypto market cap to new highs. What’s Next: For further exploration of these trends and strategies, Benzinga's Future of Digital Assets event on Nov. 19 will bring together industry leaders to discuss the future of cryptocurrency investments amidst regulatory shifts and market changes. Polymarket CEO On Election Night: ‘It Looked Like A Done Deal’ On Platform, But Just Watching TV ‘You Would Think It’s Neck And Neck’ Image: Shutterstock Market News and Data brought to you by Benzinga APIs © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

 2024-11-08 12:53:35

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How Barron's Bros helped Trump win back the White House: Election winner's son had say in The Don's podcast appearances that secured the 'Bro Vote' with backing from likes of Elon Musk, Dana White and Joe Rogan

Donald Trump's youngest son spearheaded the so-called 'Bro Vote' movement that secured his unprecedented election victory by acting as his unofficial podcast adviser. Barron, 18, was 'very involved' in selecting which podcasts his father would appear on and urged him to sit down with videogame streamer Adin Ross and Joe Rogan, who hosts the most popular podcast in the world. Trump's campaign courted typical non-voters to the polls through the use of 'bro politics', a hypermasculine campaign approach that targets young men. Trump attended football games, UFC fights, and tapped into young men's interests in alternative banking by launching his own cryptocurrency business, which Barron was reportedly a driving force behind. The Republican, 78, also infiltrated the Gen Z market with endorsements from high-profile 'bros' including tech billionaire Elon Musk, UFC president Dana White and former WWE wrestler Hulk Hogan who celebrated Trump's hypermasculine promises. This election cycle was the first time a Republican presidential candidate honed in on the 'bro vote'. Trump won the presidency with 54 per cent of men voting for him, up slightly from the 51 percent that supported him in 2020, according to exit polling. Trump's campaign decided early that it would focus much of its efforts on low-propensity voters - people who rarely turn out to the polls and are more likely to get their news from non-traditional sources. To reach them, Trump began a podcast blitz, appearing with hosts who are popular with young men, including Ross, Rogan, Theo Von, Logan Paul and Bussin' with the Boys, the Nelk Boys and others. Republican consultant Alex Bruesewitz, 27, was officially tasked with presenting the president-elect with lists of podcasts he could appear on, but the president-elect was more interested in his son's advice. When Bruesewitz provided Trump with options, the 78-year-old, according to Time Magazine, said: 'Have you talked this over with Barron? Call Barron and see what he thinks and let me know.' Barron was 'very involved in selecting or recommending' which podcasts his father would appear on, a senior campaign adviser told Politico's Playbook Deep Dive podcast last month. 'Every single recommendation he's had has turned out to be absolute ratings gold that's broken the internet. He's done a great job,' the adviser added. Trump also revealed earlier this year that Barron will 'tell me sometimes, 'Dad, this is what you have to do.' Trump also launched his family's cryptocurrency venture World Liberty Financial, an idea his son Barron was reportedly behind, in September. The cryptocurrency project is run by 'fraudsters' and executives from 'failed and hacked' Dough Finance, including macho influencer Zachary Folkman and online salesman Chase 'Hero' Herro who proudly calls himself a 'dirtbag of the internet'. Folkman, under the pseudonym Zack Bauer, previously ran a company he founded called Date Hotter Girls, which hosted seminars offering dating advice to desperate men, The New York Times reported. 'You're going to be ripping their clothes off and throwing them up against the wall,' he promised attendees at a 2011 seminar. World Liberty Financial will enable users to lend or borrow cryptocurrencies to or from one another, a service already offered by many platforms, one of the best-known of which is Aave. During his presidency Trump referred to cryptocurrencies as a scam, but has since radically changed his position, presenting himself as a 'pro-bitcoin president' if elected in November. Analysts suspect that his new crypto stance, much like his appearances on podcasts and at football games and UFC fights - where audiences erupted into cheers at arrivals broadcast live on sports channels - was an attempt to 'motivate young men to turn out' at the polls by tapping into their interests. The MAGA 2024 campaign capitalized on American men pushing a narrative amongst their peers that 'if you are a man in this country and you don't vote for Donald Trump, you're not a man.' Kamala Harris, however, put abortion rights front and center in her campaign, thinking she found a winning formula in courting women voters. About half of women backed Harris, while about half of men voted for Trump, initial polling data has revealed, appearing largely consistent with the shares for Biden and Trump in 2020. But Trump ultimately found victory by running up the margins on young American men. Polls show that among voters aged 18-29, 49 per cent of men voted for the Republican - shattering previous images of young people generally leaning left. The macho energy of the Trump's presidential run, eschewing political correctness, 'wokeness' or other forms of liberal handwringing, also won over plenty of Black men, despite the moments of racism that were displayed by speakers along the campaign trail. Among Black men under 45, about three out of 10 voted for Trump - double the rate of the 2020 vote and blowing yet another hole in the Democrats' traditional base. Some 54 per cent of Latino men also voted for Trump on Tuesday, a whopping 18 percentage point gain for Republicans compared to 2020. Analysts suggest that Black and Latino men could 'possibly overlook the racism of the Trump campaign' because the president-elect 'appealed to their sense of machismo'. 'Trump's campaign gave people permission to indulge their worst impulses and embrace divisiveness of many sorts,' explained Tammy Vigil, an associate professor of media science at the University of Boston. Trump was further propelled to success because he had the backing of America's most influential bros. As he delivered his victory speech early Wednesday, president-elect was flanked by -- and showered praise on - famous names from the world of sport. UFC boss Dana White was lovingly hailed as 'tough' and 'a piece of work,' while golfer Bryson DeChambeau was celebrated as 'fantastic' and even having a 'slightly longer' drive than the golf-loving Trump. Loud cheers - and a significant portion of Trump's address - were devoted to his best-known supporter of all, tech billionaire Elon Musk. Musk became Trump's most vocal fan and one of his biggest financial backers during the 2024 election, which saw his social media platform X become an unofficial Republican Party campaign tool. The Tesla CEO spent at least $119million mobilizing Trump's supporters to back the Republican nominee. His influence has been so stark that, in his speech to supporters on election night in the US after he declared victory, Trump paid a lengthy tribute to Musk, calling him a 'star' of the Republican Party and a 'wonderful' guy. Musk posted relentlessly about his support for Trump to his hundreds of millions of followers in the run-up to the election, claiming the future of civilization was at stake at the polls. The billionaire and his political action committee have also ran a $1million-a-day voter sweepstakes in swing states, encouraging citizens to go out and vote. Musk, on Election Day, hailed the turn out of male voters as a 'cavalry'. 'The cavalry has arrived. Men are voting in record numbers,' he tweeted on his platform X. 'They now realize everything is at stake.' Trump also received a last-minute endorsement from Rogan, whose three-hour interview with the president-elect generated 45 million views on YouTube. Rogan made his endorsement while promoting an episode of The Joe Rogan Experience featuring Musk. Musk 'makes what I think is the most compelling case for Trump you'll hear, and I agree with him every step of the way,' wrote Rogan, on social media. 'For the record, yes, that's an endorsement of Trump.' Dana White, a long-time friend and ally of Trump, thanked the podcasters and their influence to the campaign after Trump's victory was declared. 'This is what happens when the machine comes after you. What you've seen over the last several years, this is what it looks like,' White told the crowd at Trump's election night watch party. 'Couldn't stop him, he keeps going forward, he doesn't quit, he's the most resilient, hard-working man I've ever met in my life, his family are incredible people. 'This is karma, ladies and gentlemen. He deserves this. They deserve it as a family.' White then went out to thank the Nelk Boys, Adin Ross, Theo Vonn, Bussin' with the Boys and 'last but not least, the mighty and powerful Joe Rogan'.

 2024-11-08 12:35:42

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Free Ross: Crypto Community Urges Trump To Keep His Promise For Silk Road Founder

Donald Trump made many promises throughout his presidential campaign, and one of them was his vow to free Ross Ulbricht, who created the darkweb marketplace Silk Road and recently started his 12th year behind bars.While the cryptocurrency community has been celebrating the Republican's victory since late Tuesday, the #FreeRoss movement has risen above the social media festivities, reawakening the "freedom" roots of an industry that has widely supported calls to free Ulbricht since his incarceration for creating Silk Road.Why Did Crypto Support Ulbricht In the First Place?Ulbricht launched the Silk Road marketplace in 2011 where consumers could purchase a wide array of products – from legal goods such as books to illegal items such as drugs and guns. It was considered the first "real" use case for Bitcoin, the world's first decentralized cryptocurrency that has since reached a $1.5 trillion market cap, as of early Friday.Silk Road allowed consumers to purchase products using BTC, with transactions being settled fast and censorship from central banks being out of the question, basically allowing people to buy anonymously.Anonymity is the core of cryptocurrency – the promise of bringing financial freedom back to the people, thus drawing crypto users to Ulbricht's case when he was arrested in 2013. The authorities shut down Silk Road, and Ulbricht pleaded not guilty in 2014.In 2015, a jury found Ulbricht guilty on multiple charges in relation to his operation of Silk Road. Since then, the #FreeRoss movement has been pushing for Ulbricht's freedom on the defense that the developer "was not tried for selling drugs or illegal items himself, nor did he launder money or hack computers, but was held responsible for what others listed on Silk Road."Ulbricht is serving life without parole for operating the online marketplace that was used by criminals to sell weapons and other illegal items.The movement seemed to die down in recent years, but on Tuesday, the crypto community revived calls for Ulbricht's freedom, banking on Trump's promise that if he wins the presidency, he will free the Silk Road founder.Free Ross X Account Publishes Family StatementThe X account of the Free Ross movement posted a statement said to have come from Ulbricht's family on Thursday."Ross is coming home in January!" the statement said, adding that the family is grateful for Trump's "pledge to #FreeRoss," and also thanked everyone who have supported the call for Ulbricht's release. "Here's to his 12th Thanksgiving in prison being the last one!" the statement concluded.Crypto Leaders, Community Remind Trump of His PromiseShapeShift founder Erik Voorhees, a prominent figure in the crypto space, said the pledge regarding Ulbricht "is a promise which must be kept." He went on to note that to keep such a promise "costs Trump nothing, and it's a unilateral decision.""We must now hold Trump to the campaign promises," said well-followed @catoletters, while We Rate founder Quinten Francois said a united front from the crypto industry to hold Trump to his promise regarding Ulbricht will secure the developer's freedom.Libertarian political commentator Dave Smith also said during his guesting on Joe Rogan's podcast that he hopes Trump will free Ulbricht on his first day, as he promised.Multiple other prominent people across the crypto space took to X to remind Trump of his campaign promise regarding Ulbricht.While Trump has yet to respond to the crypto community's calls on the matter, he did greet Bitcoiners a "Happy 16th Anniversary of Satoshi's White Paper" on Oct. 31. Notably, he used the #FreeRossDayOne hashtag on the said post.

 2024-11-08 12:10:01

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Too late for AVAX? Experts say Worldcoin and DTX Exchange Are 500% winners for 2025

Compared to the global market’s growth from $2.33 trillion to $2.52 trillion within a week, Avalanche (AVAX) has seen only modest gains. As a result, investors are increasingly turning to contenders like Worldcoin (WLD) and DTX Exchange (DTX) following predictions of a 500% rally by 2025. As new technologies and models reshape cryptocurrency as we know it, WLD and DTX could be the fresh opportunities that AVAX once represented. Chances for a strong Avalanche (AVAX) rally keep dropping Once a top 10 cryptocurrency, Avalanche (AVAX) has fallen to 13th after declining to $22.38 from $27.74 on October 4. Although it surged to $26.83 following the post-election rally, analysts believe it may be too late for Avalanche (AVAX) to catch up with other cryptocurrencies that are already in uptrend. According to risk analysis, the price of Avalanche (AVAX) is expected to fall soon as its RSI is significantly above 70. With only 14 green days in the last 30 days, Avalanche (AVAX) currently trades -81.65% below its all-time high. Moreover, Avalanche (AVAX) is one of the few top cryptos to have more than 4,000 addresses become inactive during a market-wide rally. Worldcoin (WLD): On the verge of break out, analysts weigh in Over the past week, Worldcoin (WLD) has registered a 8.81% increase in active addresses as the post-election rally ripples through the crypto industry. Worldcoin (WLD) has established support at $1.55. With Bitcoin’s dominance playing a pivotal role, the outlook remains positive for Worldcoin (WLD) to advance toward $3.25 in November 2024. According to price prediction on CoinCodex, the price of Worldcoin (WLD) is predicted to rise by 226.51% and reach $6.43 by December 7, 2024. While the Fear & Greed Index of Worldcoin (WLD) is showing 69, sentiments are tilting to bullish. Transactions over $100,000 are up 32.26% shortly after predictions of a 500% rally in 2025. DTX Exchange (DTX): Trading made easy and profitable Amid the market bounce, DTX Exchange (DTX) is gaining momentum due to the growing adoption of its cutting-edge trading platform designed to maximize profit potential for traders. The platform provides 1,000x leverage—among the highest in the industry—to amplify small investments into substantial positions. By removing KYC requirements, DTX Exchange gives support to privacy and trading efficiency. Another key factor contributing to DTX Exchange (DTX) success is its distributed liquidity pools, which support deep markets and help stabilize prices during large trades. This feature allows the exchange to operate with minimal slippage, which is critical for high-leverage trades. Additionally, DTX Exchange’s non-custodial wallet system grants users complete control over their assets, ensuring they are never dependent on third-party custody. By combining leverage with minimal fees and good liquidity, traders can pursue high-profit margins even on small price movements. DTX tokens, offered at $0.08 in the current presale stage, serves as a generous entry for a platform that has already raised nearly $7 million in revenue. DTX Exchange (DTX) capitalizes on its 500% potential to create profit opportunities not only in trading, but also in token value growth. Learn more: DISCLAIMER – “Views Expressed Disclaimer: Views and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more

 2024-11-08 12:08:14

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Ripple Remains Hopeful: Can $XRP Reclaim Its Top 2 Crypto Status Under Trump?

Four years since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against fintech firm Ripple, the world's largest holder of the XRP token is hopeful that the digital coin will see better days under a new Donald Trump government.Ripple CEO Brad Garlinghouse has been posting about what a Trump administration could mean for the broader cryptocurrency industry since Tuesday night, but on Thursday, he took the time to recognize the XRP community and projected a brighter future for what used to be a token that was only second to Bitcoin in value.$XRP Army's Ups and Downs"A lot has happened since XRP was the 2nd most valuable digital asset. It's been – at times – a frustrating journey," Garlinghouse admitted. As of November 2024, XRP is Top 7 on CoinGecko's list of the most valuable crypto assets.It was 2018 when XRP quickly rose to overtake Ethereum (ETH) and Bitcoin cash to become the world's second largest cryptocurrency by market value. At the time, the XRP Ledger was touted as a significant challenger to the Bitcoin chain due to its faster transaction speeds, and its native token was fast becoming an alternative for many early crypto adopters.By December 2020, Ripple was in hot waters. The SEC filed a lawsuit against Ripple and its top executives Garlinghouse and co-founder Chris Larsen for allegedly selling unregistered securities, that is, XRP tokens. Trump was the president at the time.Since then, the XRP Ledger's growth and the XRP token's price has seen slow progress as Ripple worked to stand against the SEC's claims.By 2021, President Joe Biden appointed Gary Gensler into the SEC chairmanship. He picked up the case left behind by his predecessor and pursued Ripple to kickoff a four-year back-and-forth legal battle.In 2023, Judge Analisa Torres ruled that XRP isn't a security when sold on crypto exchanges, marking a significant victory in Ripple's battle to get XRP back on its feet.The SEC has since filed an appeal to overturn some of the provisions in the said ruling, but many industry observers, even legal experts, said the financial regulator was making a huge mistake since appealing won't change XRP's status as a non-security.As expected of Ripple, the company filed a cross-appeal, promising to continue defending XRP's legal status and exposing the SEC for its alleged regulatory "overreach."A Tribute to the $XRP ArmyThe XRP Army, basically the community behind the XRP token, has, at times, expressed frustration over the digital coin's slow bounce back since 2020. Garlinghouse acknowledged that it hasn't been an easy road. He recognized "the XRP family's patience and unwavering support" through the years.One user responded to the Ripple CEO's sentiments, saying that "the opportunity cost to hold XRP was enormous," seemingly referring to the four-year wait for the token's holders to see prices spike significantly while other crypto tokens were already pumping hard.Another user acknowledged that "the last 3 years have been soul crushing" for her, being a 6-year veteran in the XRP community, but she remains hopeful of the token's bright future.A Wind of Change for $XRP?Garlinghouse, who has repeatedly called out Gensler over the years for his leadership that kicked off a string of lawsuits against crypto firms, said that four years since the SEC's lawsuit, "now finally we see a light at the end of the tunnel as these external (frankly unnatural and manipulative) market factors fade."For the crypto executive, change is coming. "The tides are shifting, headwinds are turning to tailwinds, and the opportunity for those of us who believe in the future for XRP is enormous!" he concluded.Notably, Trump has not specifically talked about other cryptocurrencies besides Bitcoin. Also, Larsen made a huge XRP donation to the campaign of Vice President Kamala Harris, drawing the ire of the XRP Army.On the other hand, Trump has also vowed support for the broader crypto space, raising hopes among XRP holders that the Trump administration will usher in a "new beginning" for the community.

 2024-11-08 12:01:01

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Is Ripple (XRP) dead? Here are two new cryptos to consider instead

Bitcoin has jumped around 100% in a year. Ethereum has been slow but still records gains above 30% on the annual chart. Solana is one of the best performers among high-cap cryptos, registering a surge above 400% in a year. What about XRP? In stark contrast to other top crypto coins, XRP has descended 5% on the annual chart. Clearly, XRP is not dead. If it was dead, it wouldn’t hold the seventh position on the global crypto chart. So, what is going on?Where is the XRP price headed?XRP has struggled to maintain its momentum this year. Despite ups and downs, the project has been unable to make a strong movement. Recently, Ripple Co-founder Chris Larsen made a $10 million donation to Kamala Harris’ presidential campaign. That led to a sharp drop in the coin’s price as the market began to speculate that the crypto might be liquidated. 115084907While XRP is far from being dead its future remains uncertain. The drawn-out legal battle with the US Securities and Exchange Commission (SEC) is to blame. It has stunted XRP’s growth over the last few years. For a better context, XRP hit its all-time high on January 4, 2018, seven years ago. The SEC alleges that Ripple's XRP sale is an unregistered securities offering. Ripple has been recently scoring some victories in court. On August 7, 2024, U.S. District Judge Analisa Torres ruled that Ripple must pay a civil penalty of $125 million for its unregistered institutional sales of the XRP token. This is less than $2 billion sought by SEC.The battle is not over yet, however. XRP price action depends on how the rulings unfold over the coming months. The outcomes of the legal conflict will determine its fate.Two alternatives for XRP investorsHere are two new cryptocurrencies that have recently caught the eye of investors. They may seem similar to other flashy meme coins at first glance. However, a closer look reveals a different picture.Pepe Unchained ($PEPU): Pepe is breaking free from its layer-1 shacklesPepe Unchained ($PEPU) has smashed through the $25 million mark in its viral presale. It is not a hollow, purposeless meme coin.Pepe Unchained’s backstory gives a whimsical context to the project. According to the website, Pepe the Frog was once trapped in a clunky layer-1 server room. However, Pepe, with a Giga Brain genius move, devised a plan to break free and embrace the future. Enter Pepe Unchained. The layer-2 blockchain addresses inefficiencies that plague the meme coin space. Pepe Unchained’s narrative may be playful but its vision is bold. 115084934The meme coin segment is notorious for volatility. Quick actions are central to a profitable meme coin portfolio. However, this becomes challenging during market booms, as investors and traders rush to secure tokens. Due to network congestion, investors have to grapple with delayed transactions and soaring fees. Often, it eats into their profit. Sometimes, it leaves them with heavy losses.Pepe Unchained’s layer-2 blockchain takes transactions off the main chain and aims to make them faster, cheaper, and more efficient. It can potentially give a technical edge to meme coins built on the ecosystem. Crypto influencers have taken note of the project. YouTuber ClayBro highlighted the layer-2 features of the project in a recent video. https://www.youtube.com/watch?v=ELipKw6aZMoAccording to the Pepe Unchained white paper, the launch of the layer-2 chain is scheduled for the third phase of the roadmap. It could potentially mark the point where Pepe Unchained moves from being just a meme coin to a blockchain platform. The Pepe community has over 50,000 followers on Twitter (now X) and 10,000 members of Telegram.Visit the Pepe Unchained (PEPU) presaleFlockerz (FLOCK): This bird-themed meme coin is taking flight with a vote-to-earn modelFlockerz recently soared past the $1.1 million mark in its presale. Strong communities are integral to the success of meme coins. However, in most cases, these communities have nothing much to do, apart from holding the token and generating hype around it. They merely watch the game from the sidelines, although the outcome impacts them.The token’s journey is determined to a great extent by project development. However, a small, centralised team is responsible for all key decisions concerning governance and management. The community has little to no say in what happens after they have ploughed their money into a project. In traditional meme coin communities, the power is centralised in the hands of a few. It leaves projects vulnerable to mismanagement, corruption, and even theft. For example, in a shocking turn of events, $15 million was stolen from Pepe’s treasury by former team members in 2023. It still serves as an example of what can happen when decisions rest in the hands of a few. Even the most popular meme coins are not immune to its repercussions.What has all of this to do with Flockerz? Through a vote-to-earn model, Flockerz puts its community at the centre of the decision-making process. 115084927FlockTopia, the project’s Decentralised Autonomous Organisation (DAO), allows $FLOCK holders to cast their votes on key decisions. This includes future features, partnerships, development priorities, and more.The vote-to-earn model rewards active participation. It gives investors a voice and a financial incentive. The project has allocated 25% of total tokens to be distributed as passive income to investors. As a result, even those who aren’t actively participating in voting still benefit from holding the token. It is live now. 20% of the total supply is reserved for the ongoing public presale. It can potentially reduce the influence of large investors or “whales”. The vote-to-earn model prioritises the collective interests of its broader community.By joining the ongoing presale, investors can enter the project at a discounted price before the token hits the exchanges. The presale accepts payments in multiple forms: ETH, BNB, USDT, and regular bank cards. However, a crypto-compatible wallet is a prerequisite to joining the presale. That’s where the purchased tokens go after the claim period is active. Visit the Flockerz (FLOCK) presaleName: Pepe UnchainedEmail: info@pepeunchained.com*You must be at least 18 years old to access this site.Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

 2024-11-08 11:26:43

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Three new cryptos under $1 to watch with bullish catalysts

Finding low-cost assets before they break out is a strategic move in the crypto market. These three new cryptos under $1 offer wallet-friendly investment. With bullish catalysts emerging, they should be on the radar. 1. Crypto All-Stars (STARS)Crypto All-Stars is a meme coin hub. MemeVault, the core product of the platform, allows investors to generate passive income on their favourite tokens. $STARS is the only supported token on the platform now. As the native token of the ecosystem, it is used for payments and rewards. The coin is currently in the presale phase.Once MemeVault fully launches, it’ll expand to more tokens like DOGE, PEPE, and BRETT. As time goes on, the line-up will grow. New names will be added to the mix, keeping up with the latest trends. 115084877MemeVault is designed to boost the utility of meme coins. Although meme coins are fast and volatile, they have short lifespans. Coins skyrocket in popularity one moment and disappear the next. MemeVault aims to boost the niche’s staying power by offering real incentives that go beyond the hype.The platform leverages the ERC-1155 token standard, making it compatible with multiple blockchains. It brings flexibility across networks. Although meme coins initially favoured the Ethereum blockchain, that landscape has changed dramatically. https://x.com/all_stars_coin/status/1851294801855197478Newer blockchains like Base and Solana have quickly become meme coin hotspots. Tokens like Dogwifhat, Bonk, and BRETT went viral for their fancy blockchain labels. With multichain support, Crypto All-Stars could draw the attention of a wide range of degens. That, in turn, could pave the way for a unified meme coin community. MemeVault is set to launch in Phase 3 of the Crypto All-Stars roadmap.Visit the Crypto All-Stars presale2. Flockerz (FLOCK)Most crypto projects promise to be driven by the people and for the people. But few really live up to the hype. The community doesn’t have much to do beyond hype up the token on Twitter and Reddit. Flockerz is a new project that addresses this hypocrisy. It is aptly themed around a “flock” of birds that symbolise the strength of a shared purpose. 115084900The project’s core feature is its “vote-to-earn” reward model. It gives the community the chance to have a say in major decisions and get paid for it. Every time members use their voting power, they earn rewards. It makes community participation both purposeful and profitable within the meme coin context. Crypto influencers have taken notice of the new crypto, highlighting MemeVault and its growth potential. https://www.youtube.com/watch?v=xekDWIu-Sh4Flockerz has also launched a passive reward system for presale investors. It incentivises investors to hold onto their tokens. The Annual Percentage Yield (APY) is set high in the early stages to draw in early investors. It gradually lowers over time. The $FLOCK token distribution plan reflects the project’s decentralised philosophy: 25% of the total token supply goes into a DAO (Decentralised Autonomous Organisation) vault and creates a treasury chest.Another 25% is earmarked to be distributed as passive income for early investors.20% is allocated for marketing.10% is set aside for liquidity to avoid bottlenecks after the token launch.The final 20% goes to the public presale.The $FLOCK presale has raised $1 million already. The presale-heavy allocation ensures that small-scale investors have a fair chance to grab tokens early. It reduces the risks of “whales” monopolising the supply. Credibility is crucial for success in the crypto market. Without an established history, presale projects like Flockerz can find it challenging to earn the trust of investors. Flockerz addresses this issue by focusing on security and transparency.Visit the Flockerz presale.3. Pepe Unchained (PEPU)Pepe Unchained is now running the presale of its native crypto $PEPU, where investors can grab the token for fixed prices before it launches on exchanges. The presale just broke past the $25 million milestone. Clearly, Pepe Unchained is a popular crypto of the season. PEPU is a meme coin and a utility token. The meme coin theme is inspired by the iconic internet sensation Pepe. The utility, on the other hand, is centred around an upcoming Layer-2 network. It is set to be launched after the presale. There are many Layer-2 chains in the market––like Polygon, Optimism, Base, and Arbitrum. Still, Pepe Unchained manages to stand out. It is exclusively designed for meme coins. Although meme coins are cryptos and cryptos are known for their volatility, not many niches can match the volatility of meme coins. Quick decision-making based on market movements is critical to maintaining a profitable meme coin portfolio. However, frequent network congestions during heavy markets make this challenging. Slow transactions and skyrocketing transaction fees cut into investor's portfolios. Often, it leaves them with heavy losses. This is how the new crypto plans to improve the situation. 115084916Although the presale has already crossed the $25 million milestone, the window will be open for a few more days. The price will increase gradually with each new stage. It is structured to promote early investment. Presale investors can opt to vault their tokens for passive income during the holding period. Here, the APY decreases over time, again encouraging early investment.There is no whitelisting or long registration process for the presale. A crypto-compatible wallet is all it takes. And, of course, money. The presale offers low entry points for budget-friendly investments. It supports fiat and crypto payments.Visit the Pepe Unchained presale.Name: Crypto All StarsEmail: Commercial@cryptoallstars.ioYou must be at least 18 years old to access this site.Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

 2024-11-08 11:20:17

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Emerging new altcoins for your crypto portfolio in Q1 2025

As people gear up for 2025, it’s not just the big players like Bitcoin and Ethereum who have investors’ attention. Emerging crypto coins, with interesting themes and use cases, are also trending. With dozens of new coins popping up every other week, here’s a look at some interesting altcoins for Q1 2025.1. Pepe Unchained (PEPU)Pepe Unchained ($PEPU) has earned its spot as one of the hottest presales this season with a$25 million presale milestone. The Pepe Unchained community keeps growing, now boasting over 50,000 Twitter (now X) followers and more than 10,000 members on Telegram. Crypto influencers have also been spotlighting the project. For example, YouTuber Jacob Crypto Bury recently featured Pepe Unchained as a potential 10X crypto, highlighting its upcoming layer-2 network and its potential use cases in the meme coin market. https://www.youtube.com/watch?v=N7KxEXZdmV0Although Pepe Unchained’s catchy narrative and illustrations scream meme coin, it has more going on. More than a meme, Pepe Unchained is backed by tech. The layer-2 network intends to improve the quality of meme coin transactions and ease congestion by processing transactions off the main chainThe objective is to make crypto transactions faster and cheaper. These secondary chains have been crucial during busy market times. 115084466Pepe Unchained steps in with the same mission, but with a specific focus on the fast-paced, high-volume meme coin market. According to the website, it is set to launch once the presale wraps up. The project isn’t just about innovation; it’s about keeping the fun alive, as the narrative makes it clear:“Welcome to the world of PEPE Unchained, where the legend of Pepe meets the cutting-edge technology of Layer 2 blockchain. Prepare to experience double the passive rewards, double the Pepe, and 100X the fun! Get ready to unleash Pepe from his old constraints and dive into a realm of incredible rewards and endless laughs”.For both degens looking for the next big thing and serious long-term investors, Pepe Unchained could offer a mix of hype and utility. It’s one of the most exciting new altcoins to watch for 2025. Visit the Pepe Unchained (PEPU) presale2. Crypto All-Stars (STARS)Crypto All-Stars (STARS) is another altcoin on our list. It is set to launch a one-of-a-kind passive income platform for popular meme coins, titled MemeVault to let investors generate passive rewards from their idle meme coin holdings. The platform’s native token is $STARS. All passive earnings generated from the meme coins will be paid out in $STARS. Although MemeVault won’t go live until the roadmap’s third phase, early investors can put their $STARS tokens to work now. However, it is important to note that the annual percentage yields go down over time. Once it fully launches, MemeVault will allow investors to earn on trending meme coins. The team plans to add more trending tokens as the platform grows. 115084491With $3 million raised in its presale already, Crypto All-Stars has caught the attention of some investors already. Built with the ERC-1155 standard, the platform is multichain compatible and is designed to operate across different blockchain networks. Ethereum might have been the classic hub for meme coins. New blockchains like Base and Solana are also gaining traction now, as the success of tokens like Bonk and Dogwifhat capturing attention. Due to this flexibility, MemeVault is positioned to attract a diverse crowd from various networks.The meme coin space is bizarrely dynamic. One day, a coin is on top. The next day, it’s plunging to new lows. In the volatile market, MemeVault aims to provide some stability by encouraging long-term holding through passive rewards. The project’s focus on sustainable income makes it an interesting altcoin to keep an eye on.Visit the Crypto All-Stars (STARS) presale3. Flockerz (FLOCK)Flockerz, as the name implies, is a bird-themed meme coin. But the term symbolises much more. For example, Flockerz aims to soar above the usual meme-coin hype with a community-centric governance model. The term ‘flock’ represents the community.With a presale that’s already cleared $1 million, Flockerz is one of the potentially top cryptos to watch. At the heart of the project lies its vote-to-earn governance model that rewards users for sharing decision-making power. It gives users a say over what happens next in the project. The vote-to-earn model creates a feedback loop that keeps the community involved and engaged. The perks are tied to the project’s decentralisation goals. It has the potential to create a space where power isn’t in the hands of a few but spread across the community. 115084524The project addresses the dangers of centralised control, which has a history of shaking up other meme coins. For example, Pepe’s $15 million theft is a warning of what happens when power is left to a few people.Flockerz’s answer to this with FlockTopia DAO. The decentralised governance model is a bold move in a space that often struggles with power balance. It brings back transparency and accountability to the equation. All successful meme coins, including Dogecoin and Shiba Inu, have shown that community strength is the key ingredient to thriving. By bringing a fresh community perspective to the meme coin world, Flockerz takes this to heart. https://x.com/FlockerzToken/status/1853437170738250054The project’s community-centric vision is further revealed by its passive reward model, which gets a substantial 25% allocation. It rewards token holders for their commitment. Visit the Flockerz (FLOCK) presaleName: Pepe UnchainedEmail: Info@pepeunchained.comYou must be at least 18 years old to access this site.Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

 2024-11-08 11:07:34

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PEPU hits the $25 million milestone in presale—could Pepe Unchained ignite the 2025 meme coin pump?

Pepe Unchained (PEPU) is a new meme coin on a mission to improve meme coin trading. The project is launching a dedicated layer-2 network for the volatile meme coin market. Its goal is to make meme coin transactions faster, cheaper, and more efficient.In other words, it is a utility coin in meme coin packaging. PEPU presale soars past $25 million Pepe Unchained’s native currency, PEPU, just crossed the $25 million mark in its presale. The project has been drawing interest from both meme coin enthusiasts and influencers alike. For example, the popular crypto channel 99Bitcoins (700,000 subscribers) recently highlighted Pepe Unchained’s relevance in the meme coin market as the first-of-its-kind L2. https://www.youtube.com/watch?v=g32M_IC-lsgPEPU isn’t just a trading token. It earns passive income for early investors. The goal is to promote longer holding. That, in turn, could reduce the risk of early sell-offs. Over 1.6 billion PEPU tokens are locked in the pool now. The community is also growing, with over 50,000 followers on X (formerly, Twitter) and more than 10,000 members on Telegram. Layer-2: Beyond colourful branding and buzzMost meme coins cash in on popular themes. Pepe Unchained does too. It draws inspiration from the iconic ‘Pepe the Frog’ character. Pepe Unchained hasn’t shied away from embracing its identity as a meme coin. Although it builds on the branding and storyline centred around the idea of Pepe “breaking free” from the limitations of slow, layer-1 blockchains for populatiry it goes beyond mere branding to explore deeper aspects. Meme coin prices can skyrocket or nosedive within hours. On the one hand, they attract high-risk, high-reward traders. However, they need flexible networks to manage rapid price swings. Pepe Unchained is launching a layer-2 blockchain that is optimised for the fast and unpredictable niche. 115084070It stands out in the competitive Layer-2 market with its niche-driven approach. Delays in transaction times and high fees can be fatal for market players, preventing traders from seizing profitable moments especially during bull markets.Or, worse, they can lead to losses. That underscores the relevance of a secondary chain like Pepe Unchained. https://x.com/pepe_unchained/status/1853120104910716955Pepe Frens With Benefits Collective: A reward programme for developersA big challenge that meme coins face is sustainability. They have a hard time maintaining their relevance. The lack of focus on practical use cases impacts their long-term journey. That explains why most meme coins fade quickly. Pepe Unchained is working to inject sustainability into its ecosystem through utility. As part of this, the project is launching a developer programme called the “Pepe Frens With Benefits Collective.” 115084098It will offer rewards to developers who contribute to the Pepe Unchained platform. Through this, it hopes to encourage innovation and establish Pepe Unchained as a hub for creative new cryptos. The initiative could potentially attract developers who can create new meme coins or related applications on its blockchain. Presale set to end soonPepe Unchained’s presale has crossed the $25 million milestone. The presale offers different payment options, including cryptos like ETH, USDT, and BNB, as well as fiat options. Participants can use compatible wallets such as Metamask or Best Wallet to join the presale.To ensure smooth trading on its official launch, Pepe Unchained has allocated 7.5% of its total token supply for liquidity. It can potentially minimise transaction delays and provide stability for early adopters. 115084122Pepe Unchained has undergone security audits by SolidProof and Coinsult to establish transparency with the early investment community. These audit reports are publicly available on the project’s official website.The presale will only be open for a limited time before the token officially hits exchanges. The Pepe Unchained Layer-2 is set to launch after the presale. Visit the Pepe Unchained (PEPU) presaleName: Pepe UnchainedEmail: Info@pepeunchained.com*You must be at least 18 years old to access this site.Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

 2024-11-08 10:54:08

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Low-cap meme coins that could skyrocket next

Like all assets, meme coins favour early investors who buy them for low prices. If the previous crypto bull cycles are any hint, meme coins don’t need a hefty price tag to make waves.While big names like Dogecoin and Shiba Inu grab headlines, emerging meme coins are more coveted for their higher upside potential. Lucky investors who grab promising tokens before they hit the moon have a history of generating staggering returns from the market. Here are three top new low-cap meme coins that show the potential to attract a large community of investors over the next few weeks.1. Crypto All-Stars – The hub for meme coinsCrypto All-Stars (STARS) is building an advanced passive income hub for top meme coins. With MemeVault, its flagship product, Crypto All-Stars puts forward a new way for investors to put their idle meme coins to work. $STARS, the platform’s native token, will be used as the reward token of the ecosystem. All passive income accrued on the meme coins will be paid in $STARS tokens. Crypto All-Stars is now in its presale phase and has raised over $3 million already. MemeVault has yet to launch and is expected to go live in the third phase of the roadmap. However, presale investors can start accruing passive income on their $STARS holdings right away. 115083975Once fully launched, MemeVault will allow investors to generate passive income on top meme coins like DOGE, SHIB, and PEPE. The list will expand over time to accommodate established and trending meme coins. The platform’s compatibility is ensured by the ERC-1155 token standard. It is designed to operate seamlessly across multiple blockchains. While Ethereum was once the main stage for meme coins, newer blockchains like Base and Solana are gaining traction. In fact, tokens like Dogwifhat, Bonk, and BRETT went viral for their fancy blockchain labels. That explains why MemeVault supports multiple networks. The feature positions it to attract a diverse crowd of meme coin investors.Meme coins rise and fall in popularity within days. A unified passive income platform like MemeVault aims to stabilise the market by offering incentives for long-term holding. Visit the Crypto All-Stars presale.2. Pepe Unchained – This Layer-2 could make meme coin transactions fasterMeme coins are extremely popular. However, they are also considered risky tokens that rely solely on internet hype. Pepe Unchained (PEPU) intends to change this narrative. It is set to launch a dedicated Layer-2 network just for meme coins. The goal is to inject more speed and efficiency into the market.The platform is set to debut after the token presale. With a thriving community of over 40,000 Twitter (now X) followers and more than 10,000 active members on Telegram, Pepe Unchained has already raised close to $25 million in its presale. 115083848Crypto influencer ClayBro spotlighted Pepe Unchained in a recent YouTube video. It explores the project’s meme culture and crypto utility. https://www.youtube.com/watch?v=eKIg3kwx1UMWhile most meme coins prefer to float in the market without any dedicated tech for as long as they can, Pepe Unchained stands out. Layer-2 claims a functional framework that can potentially increase transaction speed and cut down transaction fees. Ethereum—one of the earliest giants in crypto tech— often gets clogged down during heavy markets. As demand peaks, investors struggle with slow transactions and high fees. Layer-2 solutions like Polygon and Arbitrum have become popular as they help offload this congestion. Pepe Unchained’s Layer-2 will work on a similar mission but with a focus on the meme coin market. With a utility at its core, PEPU has its eyes set on staying power. The project’s ongoing presale offers PEPU tokens at a fixed, discounted rate. The meme coin packaging of the project, centred around Pepe breaking its Layer-2 shackles, is also interesting:“Pepe was trapped, confined to his clunky Layer-1 server room. However, the story doesn't end there. With a stroke of Giga Brain genius, Pepe devised a plan to break free from his chains and embrace the future with PEPE Unchained,” states the website. Visit the Pepe Unchained presale.3. Flockerz – Where the community has a sayNext up is Flockerz (FLOCK). The bird-themed branding suggests another meme coin project that’s all about laughs. But Flockerz has more going on––it is building a community-centric ecosystem that gives decision-making power to investors. As meme coins increasingly become victims of power concentration, Flockerz is an important project to watch now. It has more to offer than a catchy visual. In many crypto projects, key decisions are often made by developers or executives. Whale invasion is also a threat to the organic growth of the meme coin market. Flockerz is dedicated to building a tightly-knit, decentralised project where the flock calls the shots. To bring this vision alive, Flockerz will roll out a vote-to-earn model. 115083765Flock members can participate in shaping the project by voting on various proposals. In return, they earn $FLOCK tokens. The more involved they get in the FlockTopia DAO, the more they stand to earn.The vote-to-earn community governance contrasts with many crypto projects, where decentralisation is more of a tagline. Flockerz is betting on the power of its community to create long-term impact. To further incentivise engagement, Flockerz has set aside 25% of its token supply for passive rewards. https://x.com/FlockerzToken/status/1852021708212887743As the FLOCK presale gains momentum and the market hints at a potential bull run, Flockerz is entering the radar of strategic investors. The ongoing FLOCK presale supports purchases in crypto and card. However, investors should have a crypto-compatible wallet to join the presale. This is where the purchased tokens will be sent after the claim period goes live. Visit the Flockerz presale.Name: Crypto All StarsEmail: Commercial@cryptoallstars.io*You must be at least 18 years old to access this site.Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

 2024-11-08 10:51:48

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Top 10 Cryptocurrencies by Market Cap

by Vivek , 08 Aug, 2024

Top 10 CryptoCurrencies

Market capitalization, or market cap, is calculated by multiplying the current price of a cryptocurrency by the total number of coins or tokens that are in circulation.
As of August 2024, the top 10 cryptocurrencies by market cap represent a diverse array of digital assets, each with unique features and applications. Bitcoin (BTC) leads the market as the first and most valuable cryptocurrency, often regarded as digital gold. Ethereum (ETH) follows