Aurelia Butler

SKALE Swell demonstrates how building different leads to easier onboarding and can transform community engagement like never before.SKALE, the gas-free invisible blockchain network, announces the launch of SKALE Swell, an interactive platform that will accelerate community engagement and reward participation to welcome millions of consumers into the Web3 space. As a network of EVM-compatible, high-throughput chains, SKALE ensures that Swell makes decentralized technology more intuitive, seamless, and engaging for both natives and non-natives by leveraging its gas-free, frictionless experience.Currently, many new users struggle with understanding and engaging with these new blockchain technologies, leading to early abandonment of their exploration. SKALE tackles this issue with its consumer-focused approach by introducing the Swell platform, which simplifies user interaction and discovery, all with zero gas fees. To begin the journey with Swell, please visit swell.SKALE.space. Ride On. About SKALE: SKALE Labs is the foundation behind SKALE Network, a gas-less EVM-compatible modular blockchain, which is designed to provide a world-class experience for builders of games, AI, SocialFi, and web3 applications. As of Q3 2024, SKALE Network serves over 5 million monthly active users and has saved $8 Billion in gas fees with its innovative modular architecture. SKALE Chains feature high performance, zero gas fees, enhanced security, and instant finality, making them ideal for a wide range of decentralized applications. With a commitment to driving the mass adoption of Web3 technologies, SKALE empowers developers and businesses to build scalable, efficient, and user-centric blockchain applications. On the SKALE network, developers can deploy their own EVM-compatible blockchain by unlocking advanced features such as AI/ML smart contracts, on-chain file storage, interchain messaging, and zero-cost minting. Harmonizing speed, security, and decentralization, SKALE Labs was founded in 2018 by Jack O’Holleran and Stan Kladko, PhD. ContactPR ManagerKyle [email protected] article was originally published on Chainwire More

Current market conditions are setting the stage for a big shift, the crypto entrepreneur is convinced. He points out a clear link between a drop in funds in the reverse repurchase agreement (RRP) market and a rise in Bitcoin’s price. As more money comes into the system from the RRP, asset prices, including cryptocurrencies, are set to rise.Hayes is still feeling good about Bitcoin’s future and thinks it may reach $100,000 soon, and that it could even hit $1,000,000 down the road. He is planning to take advantage of the current market weakness during the summer, expecting the market to emerge from its sideways movement by September.Looking ahead, Hayes plans to sell his crypto bags in October, when he expects liquidity to peak before the U.S. elections. It is not the end though, as his outlook suggests that the true bull market in cryptocurrencies will commence after the U.S. debt ceiling situation is resolved in early 2025.This article was originally published on U.Today More

Polkadot price has also faced pressure, falling around 3% in the past 24 hours to $4.45. Despite the drop, the altcoin remains up roughly 6% in the past week, marking a notable recovery after dropping to as low as $3.6 at the start of this month.Long-term, investors maintain an optimistic view on DOT’s prospects. Many still believe the Polkadot blockchain ecosystem will be crucial in the Web3 technology revolution, which aims to decentralize the web and empower creators and consumers, moving away from centralized control by major social media platforms. Investors are also excited about the proposed JAM upgrade, introduced by Polkadot founder Gavin Wood. This project will replace the current central relay chain with the more advanced, flexible JAM network, which promises enhanced security and efficient cross-network communication. Although JAM is still in development and unlikely to be released before 2025, its potential to boost productivity is expected to support DOT’s price growth over time.Looking back, the Polkadot price reached a peak of $54 in the fall of 2021, just before the onset of the global inflation crisis. Over its four-year history, the average price of Polkadot has been around $13, which is over 190% higher than its current levels. The recent correction pushed the DOT price towards $3.5, which is a massive horizontal support that will provide a ton of support. A sustainable bounce off of this support zone could result in a move towards the next big resistance block, which sits around $6-7.More importantly, the bounce off of this important zone has created potential for a double bottom formation. This bullish pattern can be activated if the price action penetrates through the neckline, which sits just below the $12 handle.In this case, the Polkadot price is likely to continue rallying and is eventually expected to reach the $20 zone, which would mark the completion of the double bottom pattern. However, this bullish development is contingent on a more favorable risk sentiment. More

Kelp DAO, a liquid restaking platform is launching the ‘Kelp Gain Vaults’ Program. The program enhances earning potential of airdrops and rewards for restakers and users, being the first project giving access to multiple Layer 2 airdrops in a single, diversified strategy. Kelp Gain allows users to benefit from streamlined access to diverse rewards strategies through a single click. The program will initially feature the Airdrop Gain Vault, a specialized vault that simplifies participation in airdrop opportunities across various L2 protocols, without managing individual positions. The vaults leverage smart contracts to manage asset deployments and maximize airdrops and rewards. Users deposit assets into the vault and receive a synthetic token in return. These assets are then allocated to curated reward opportunities, with periodic adjustments made by the vault’s strategy manager to optimize returns and mitigate risks. This approach provides comprehensive access to L2 airdrops and also utilizes the composability of DeFi with synthetic token. The vault is being launched in partnership with August, an institutional grade platform for crypto, developing the smart contract infrastructure, and Tulipa Capital acting as the lead strategy partner for the Airdrop Gain Vault, with L2/ DeFi partners including Linea, Karak, Scroll, Pendle, Across, LZ, Pendle, Spectra, Lyra and several DEXs. The launch of Kelp Gain marks an industry wide progression toward automated reward management and investment strategies.To access the vault, click this link. About Kelp DAO: Kelp DAO is one of the leading liquid restaking protocols—having crossed $1 billion in TVL in June 2024—with 250k+ ETH under management across 45,000 restakers. Their liquid restaked token (LRT) was the first to hit the Ethereum mainnet and pioneered liquid restaking with liquid staking tokens. Currently, Kelp DAO facilitates liquid restaking for native ETH and LSTs alike across Ethereum mainnet and 8 L2 networks.ContactHead of CommunicationsArchana [email protected] article was originally published on Chainwire More

The popularity of meme coins, especially within the Solana and Ethereum ecosystems, has skyrocketed, fueled by their strong ties to internet culture.According to CoinGecko’s Q2 2024 Crypto Report, meme coins are set to be a major driver of cryptocurrency adoption in the second half of the year. Moreover, Solana meme coins have crushed their Ethereum counterparts, racking up an impressive 800% gain so far this year.”Listing PEPE and BONK is about more than just adding popular tokens. It’s about opening the door wider for those curious about crypto, especially within vibrant communities like Solana and Ethereum. Transak is committed to making this exciting space accessible to everyone, regardless of their experience level,” said Sami Start, CEO and co-founder of Transak.The rising excitement around the Solana ecosystem seems to have boosted the appeal of PEPE and BONK meme coins, prompting their listing on Transak.PEPE jumped into the top 25 largest tokens by market cap earlier this year. The frog-themed token rapidly soared to a $1 billion market cap just weeks after its debut in April 2023.Some traders believe that PEPE could eventually surpass the dog-themed Shiba Inu (SHIB), which currently holds a market capitalization of $8B as of Tuesday.Even though BONK started as just a meme coin, it quickly gained traction in the Solana ecosystem. Various Solana projects began accepting the token for NFT payments, and some even implemented “burn” mechanisms for NFT events in the weeks following its launch.Transak’s payment and onboarding services make it easy for users to buy and sell crypto assets, taking care of KYC requirements, risk monitoring, and compliance for its clients like MetaMask and Coinbase (NASDAQ:COIN) Wallet. The Web3 startup secured $20 million in a Series A round last year to support its global expansion. Transak’s platform allows users to buy meme coins with transactions up to $75,000, provided they complete the Level 3 KYC verification. This feature is said to meet the needs of serious investors and traders in the meme coin market. More

Sentiment towards crypto markets was also undermined by a discussion between Republican presidential candidate Donald Trump and Tesla (NASDAQ:TSLA) CEO Elon Musk on X, where the topic of crypto regulations was not brought up even once. Bitcoin fell 1.6% to $58,910.2 by 08:17 ET (12:17 GMT).The talk between Musk and Trump underwhelmed some market participants who were hoping that the Republican nominee would reiterate his support for crypto.But while Trump has expressed support for the crypto industry- going as far as speaking at the Bitcoin conference last month- he has rarely mentioned crypto or Bitcoin when speaking at more mainstream events.His talk with Musk was no exception to this trend, with bets on cryptocurrency betting platform Polymarkets showing that traders were positioning for some mention of crypto. Bitcoin also briefly fell to $58,000 after the talk. Data from digital assets manager Coinshares showed on Monday that crypto investment products, mostly those exposed to Ether, saw strong inflows over the past week, as a steep rout in prices attracted a slew of bargain buying. Ether products saw over $155 million in inflows, with buying also picking up after the underwhelming launch of spot Ether exchange-traded funds in U.S. markets last month.Bitcoin saw only about $13 million of inflows.Crypto markets were still nursing steep losses from last week, where souring risk appetite batted prices across the board. Bitcoin had fallen as low as $49,000, and was now rangebound between $50,000 and $60,000- a range seen for most of this year. Despite recent recovery, one brokerage firm anticipates further headwinds for Bitcoin in the short term, predicting a drop of $5,000 from the current market rate.”Bitcoin is likely to fall by $5K rather than rise by the same amount,” analysts at FxPro said in an email to CoinDesk. The firm’s bearish outlook is based on Bitcoin’s inability to sustain gains above $60,000 following the death cross, a bearish signal formed by the crossover of the 50- and 200-day simple moving averages (SMA). “Bitcoin does not break above $60K and faces selling after it tried to break above the 50- and 200-day MAs late last week, showing seller dominance,” analysts continued.They also pointed out that the 14-day relative strength index (RSI) no longer indicates oversold conditions, which could pave the way for another decline, aligning with the recent seller dominance at levels above $60,000.The RSI, a momentum oscillator that measures the speed and change of price movements, had shown oversold conditions after last Monday’s crash, which typically suggests a potential pause in the downtrend and a possible price recovery. However, as analysts explained, “The RSI index on the daily timeframe has moved out of oversold territory, losing momentum for further strength.”The likelihood of short-term weakness in Bitcoin’s price may increase further if the U.S. July consumer price index data, set to be released on Wednesday, indicates higher-than-expected inflation, potentially undermining hopes for Federal Reserve rate cuts in the coming months.Broader cryptocurrency traded largely flat on Tuesday, tracking Bitcoin’s rangebound performance. World no.2 token Ether slipped 0.9% to $2,651.18. SOL, XRP and ADA rose between 0.3% and 2.4%.Among meme tokens, DOGE lost 1.4%.Markets were largely cautious ahead of key U.S. consumer price index inflation data, due on Wednesday, which is set to provide more cues on the Federal Reserve’s plans to cut interest rates. More