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Floki Inu (FLOKI) introduces new developments and strategic marketing initiatives
7 days ago 3 mins read

Floki Inu (FLOKI) introduces new developments and strategic marketing initiatives

FLOKI meme coin has become well-known in the meme coin industry because of its practical uses, strong presence, and loyal community. The platform’s popularity is propelled by robust community backing, including noteworthy endorsements from Elon Musk’s satirical account and cryptocurrency expert Crypto_Scofield. Over the past half-year, FLOKI has had a remarkable surge of 320% in its social interactions, coupled with a notable gain of 109% in its social dominance. FLOKI has been aggressively engaging in new initiatives to enhance its ecosystem, including the implementation of a trading bot and securing significant listings, such as the inclusion of FLOKI in Kraken’s

Fantom (FTM) price surges 9%, outperforming major cryptos
7 days ago 1 min read

Fantom (FTM) price surges 9%, outperforming major cryptos

There has been a substantial rise in the price of Fantom (FTM) over the course of the last twenty-four hours, with the cryptocurrency reaching a high of $0.5868 and a low of $0.5390. This increase can be attributed, in large part, to the announcement of a partnership between the Fantom Foundation and Sonic Labs to develop the Sonic Labs Innovator Fund. The purpose of this fund is to hasten the process of integrating partners and decentralized apps into the Sonic network. In response, the crypto market showed a positive reaction, which resulted in a significant rise in the price of

MicroStrategy's bitcoin holdings skyrocket to nearly $15 billion
7 days ago 1 min read

MicroStrategy’s bitcoin holdings skyrocket to nearly $15 billion after acquiring 12,000 more bitcoins

During the period from April to June 2024, MicroStrategy has obtained an additional around 12,000 bitcoins, resulting in a total of around 226,331 bitcoins in their possession. These bitcoins are currently valued at nearly $15 billion. The corporation has allocated approximately $8.33 billion to amass its bitcoin holdings, with an average purchase price of $36,798 per bitcoin. The most recent acquisitions were financed by a senior notes convertible offering, originally aiming for $500 million but ultimately raising $800 million. CEO Michael Saylor has consistently championed Bitcoin, perceiving it as a safeguard against inflation and a reliable asset for preserving wealth.

This crypto analyst says BTC plunging lower ‘seems sore likely’ now
7 days ago 1 min read

This crypto analyst says BTC plunging lower ‘seems sore likely’ now

Crypto analyst Justin Bennett cautions that Bitcoin (BTC) may experience a decline to lower price levels as it reaches the range of $63,000. He has the belief that Bitcoin is now confined inside a specific price range. However, the recent breach of the trendline established in October 2023, along with the imbalances observed on February 26th and 27th, indicate that the price range of $52,000-$54,000 may be the next target. The markets are currently in search of increased liquidity below the low of $56,500, and the possibility of a surge above $72,000 cannot be ruled out. The analyst predicts a

Internet Computer Protocol (ICP) to launch the ICP Hub Accelerator Program 2024
1 week ago 2 mins read

Internet Computer Protocol (ICP) to launch the ICP Hub Accelerator Program 2024

The Internet Computer Protocol (ICP) plans to initiate the ICP Hub Accelerator Program in 2024, with the objective of assisting nascent blockchain enterprises in converting their ideas into solutions that are ready for the market. The objective of this effort is to establish a strong and dynamic network of blockchain pioneers and promote technological progress within the ICP community. The program serves as more than simply an accelerator; it provides comprehensive support to successful candidates throughout the entire process, starting from the first idea and culminating in the development of a fully functional solution on the Internet Computer. The Waves3

A US court advances Ripple's securities case to trial
1 week ago 2 mins read

A US court advances Ripple’s securities case to trial

Ripple Labs is currently confronting further legal obstacles as a United States court progresses with a securities case centered around purportedly deceptive representations. The primary inquiry revolves around whether XRP, the digital asset of Ripple, meets the criteria of being classified as a “security” according to United States legislation, a determination that might significantly impact rules pertaining to cryptocurrencies. The lawsuit, initiated by Bradley Sostack, is around remarks made by Ripple CEO Brad Garlinghouse during a 2017 interview, in which he asserted his significant investment in XRP. Sostack contends that these comments were deceptive, as Garlinghouse disposed away millions of

Solana increases its market share and developer activity
1 week ago 2 mins read

Solana increases its market share and developer activity, capturing 60% of DEX trading volume growth

Solana (SOL) has experienced substantial expansion in developer engagement and market presence, posing a formidable challenge to Ethereum’s prevailing position. The monolithic architecture of this system optimizes the many components of the blockchain, similar to Apple’s macOS. This optimization improves user experience, promotes innovation, and enhances security. Solana’s high-performance network facilitates the distribution of content, the operation of decentralized infrastructure networks, and the functioning of central limit order books. This allows for the establishment of capital-efficient financial markets such as Phoenix and MarginFi. Pantera Capital executives drew a parallel between Solana’s rapid growth and Apple’s success in the desktop market,

MicroStrategy has purchased an extra 11,931 Bitcoin, valued at around $786 million, in order to enhance its market capitalization and stock price.
1 week ago 1 min read

MicroStrategy acquires nearly 12,000 more Bitcoins

MicroStrategy has purchased an extra 11,931 Bitcoin, valued at around $786 million, in order to enhance its market capitalization and stock price. The acquisition was financed via convertible notes and excess funds, at an average price of around $65,883 per Bitcoin. As of June 20, MicroStrategy possesses an extensive amount of 226,331 Bitcoins, with an approximate value of $14.5 billion. With Michael Saylor at the helm, the company has transformed from a relatively obscure software startup to a prominent participant in the crypto market, currently possessing about 1.1% of the worldwide Bitcoin inventory. MicroStrategy’s stock has experienced a significant increase

Aleph Zero Launches The First EVM-Compatible ZK-Privacy Layer
1 week ago 1 min read

Aleph Zero Launches The First EVM-Compatible ZK-Privacy Layer

Aleph Zero has announced significant ecosystem advancements, including the first EVM-compatible ZK-Privacy Layer capable of generating zero-knowledge proofs on consumer-grade devices and zkOS, a product suite for seamless integration of on-chain privacy into various Web3 applications. The testnet release of the ZK-privacy EVM Layer 2 solution powered by Arbitrum Orbit on Gelato RaaS marks the first EVM-compatible privacy solution capable of subsecond ZK proving times, significantly enhancing the end-user experience by making on-chain privacy virtually instantaneous. Aleph Zero also revealed its long-term strategy to develop zkOS, a client-side, chain-agnostic zero-knowledge privacy system that aims to offer Privacy-as-a-Service (PaaS) via seamless

Cardano hits milestones with robust growth and partnerships
1 week ago 1 min read

Cardano hits milestones with robust growth and partnerships

Cardano (ADA), a prominent crypto, is witnessing substantial proliferation in acceptance, as its pioneering methodology in blockchain technology is enticing a multitude of initiatives and collaborations. The platform utilizes the Ouroboros proof-of-stake consensus mechanism, which efficiently and securely processes more than 1,000 transactions per second (TPS). The Cardano subreddit has a substantial community support, boasting a membership of over 500,000 individuals. Cardano’s strategic alliances with organizations such as the Ethiopian government and New Balance have expanded the range of uses for Cardano. The decentralization of the platform is upheld by more than 3,000 stake pools, guaranteeing the security and durability

Summer.fi DeFi platform announces the launch of $RAYS to reward users
1 week ago 1 min read

Summer.fi DeFi platform announces the launch of $RAYS to reward users

Summer.fi, a platform for decentralized money, has introduced $RAYS, a system of points created to motivate and compensate users for their active participation with the app and associated protocols. The reward program consists of three distinct phases: retroactive participation, retroactive points claiming, and the accumulation of $RAYS. A snapshot was captured on June 18th, 2024 to acknowledge both previous and present users, as well as individuals now utilizing other protocols and services inside the DeFi ecosystem. A total of more than 2 million user addresses will receive $RAYS as a reward, which will be determined based on their levels of

XRP sees a surge in open interest amidst its ongoing legal battle with the SEC
1 week ago 1 min read

XRP sees a surge in open interest amidst its ongoing legal battle with the SEC

CryptoQuant has observed a substantial surge in XRP’s open interest, suggesting a rising number of investors who are assuming positions and speculating on the possibility of price appreciation for the crypto. This pattern is advantageous for XRP bulls, as an increase in buy orders generally leads to an upward movement in prices. The latest advancements in the SEC complaint against Ripple, which alleges the sale of unregistered securities, appear to enhance investor trust. A recent court ruling may have provided a clear interpretation of the legal standing of XRP, perhaps benefiting Ripple’s position. Nevertheless, CryptoQuant cautions about the possibility of

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