Aurelia Butler

Solciety, a new entrant in the crypto’s PolitiFi sector, officially launches today, 18th June at 14:00 UTC, initiating a 30-day presale of its Solciety (SLCTY) tokens.3 billion Solciety (SLCTY) tokens will go on sale, starting at $0.0015, with price increases on the smart contract every 72 hours across ten stages. The final presale price will be $0.0040, giving day one buyers a potential 169% increase on the value of their bags before the project becomes available for public trading.Described as “the political party for degens,” Solciety plans on using the viral potential of memes and political satire to potentially explode alongside the political powder keg that is the 2024 election season.Community numbers have already passed 10,000 across socials before the live presale has even started – an indication that Solciety’s offering of humor and degen politics is resonating with crypto communities around the world.Straddling the Solana meme coin and PolitiFi sectors, worth a combined $10 billion, Solciety is strategically placed across two of crypto’s most powerful narratives. And with Solana displacing Ethereum as the #1 maker of blue-chip meme coins thanks to its drastically lower fees, Solciety has multiple tailwinds behind it.Solciety (SLCTY) tokens will be available to purchase on the Solciety website from the 18th June at 14:00 UTC.Solciety’s mission is underpinned by two main components:Donald Trump-inspired coins rule the roost, with both official and unofficial Trump-themed coins clocking more than $500 million in market cap, making up over half of the sector’s total capitalization.MAGA token growth in 2023-2024 (Source, CoinGecko)Triple-digit rallies (or more) are commonplace here. In the period leading up to the 3rd June, the MAGA token, a tribute to the potential “crypto president,” rallied by more than 80,000% from launch price to recent highs. Super Trump even surged by 10x in one day. It’s not all MAGA, though: Jeo Boden, a parody of the current president, rallied 40x from March to April.With PolitiFi likely to progress further as election season ramps up, Solciety could be the PolitiFi coin that comes out on top and unites degens across the political spectrum.Some SOL memes have performed impressively this year. A Dogwifhat (WIF) holder registered a 13,000x gain on a $310 investment, pocketing $4 million in profit this year. Meanwhile, Iggy Azalea’s MOTHER token recently turned $3k into $9 million for one trader.Plus, with the PolitiFi sector following US election buzz and the baked-in virality offered by Solciety’s Meme Campaigner tool, the team aims to present a high-potential investment to coincide with the bull run.Solciety (SLCTY) tokens will be available to purchase on the Solciety website from the 18th June at 14:00 UTC.For more information and to buy Solciety (SLCTY) users can visit the website.Website | Whitepaper | [email protected] article was originally published on Chainwire More

Renzo, the Liquid Restaking Protocol, today announced $17M in funding. As of today, nearly $4B is already restaked with Renzo. The funding, which took place across two rounds, was first led by Galaxy Ventures and the second round led by the Nova Fund – BH Digital (based in Abu Dhabi). This follows $3.2m of funding previously via Maven11, Figment Capital and Binance Labs. Restaking is rapidly becoming a core pillar for scaling security on Ethereum, but it’s complicated, risky and expensive thus hindering user growth. Renzo, built on EigenLayer, is being built to make restaking accessible and easy, and its new funding round will expand its restaking services.Renzo acts as a secure user-friendly interface to the EigenLayer ecosystem, securing AVS (Actively Validated Services) and accessing restaking rewards while simplifying the process and allowing for secure integrations with node operators.It is accessible from Arbitrum, Base, Blast, Linea, Mode and BNB Chain with over 100 DeFi integrations. Renzo is the restaking hub of EigenLayer built to streamline and expand access to the most intelligent Liquid Restaking strategies. Powered by institutional-grade node operators, Renzo abstracts away the complexities of securing Actively Validated Services (AVS) while delivering a powerful interface for risk management and rewards tracking on EigenLayer. With Renzo’s ezETH—the most integrated Liquid Restaking Token (LRT)—users can access broad exposure to the EigenLayer (and Ethereum) ecosystems with more opportunities to generate rewards. Uses can earn more by visiting https://www.renzoprotocol.com/ContactContributorLukasz KozinskiRenzo [email protected] article was originally published on Chainwire More

Memereum (MEME), a new altcoin, has demonstrated notable performance during its initial coin offering (ICO) presale, selling over 23 million tokens and nearing the 24 million mark. The project has attracted more than 8,000 users to its platform. While the Ethereum challenger, Solana, remains under the $150 price level.The pre-sale began at $0.01 and by a strategic move by the team, is now at $0.039. Those who invested in Memereum at the beginning have seen their investments grow almost 400%. Memereum’s appeal stems from its unique position as the first blockchain insurance with its own insured decentralized exchange, MemeSwap.Memereum (MEME) is currently priced at $0.039, but will launch at $0.45 on BitVenus, Toobit, Azbit, and MemeSwap, which is more than 10 times its original price. Memereum ICO also has automatic 183% APY staking for holders, along with free airdrop competitions.Solana (SOL): Analysts Predict a Potential Rise To $215Solana (SOL), one of the top altcoins in the crypto market, is experiencing mixed sentiment on the price chart, remaining under the $150 mark. According to CoinMarketCap, Solana has recorded losses of 9.71% on the weekly chart and shown losses of 14.65% on the monthly chart.Despite the mixed sentiment, some predict that Solana’s price could rise to $215 in the coming weeks. Furthermore, Solana aims to carve out its niche in the digital asset space and establish itself as a rival to Ethereum.About Memereum (MEME)The strong interest in Memereum (MEME) can be attributed to its innovative approach in the blockchain sector and its growing community support. Similarly, Solana is currently experiencing mixed market sentiment but continues to be an active participant in the market.Users can click here to join Memereum’s ongoing presale.ContactBessie [email protected] article was originally published on Chainwire More

According to H.C. Wainwright, the event featured panel discussions with executives from Coinbase, BlackRock (NYSE:BLK), ARK Invest, and others, covering key topics such as spot BTC ETFs, payments and stablecoins, tokenization of real-world assets, and the political and regulatory environment in the U.S. and abroad.Institutional interest in crypto is on the rise, but adoption is still in the early stages. The approval and launch of spot BTC ETFs in the U.S. in January catalyzed a massive price rally for Bitcoin and other digital assets this year.Meanwhile, H.C. Wainwright sees three near-term positive catalysts for the crypto industry: the approval of spot BTC ETFs by large broker-dealers and investment advisory platforms, greater regulatory clarity in the U.S., and the launch of spot ETH ETFs. “Institutional interest is certainly on the rise, but we are still in the early days of adoption,” H.C. Wainwright noted.The U.S. spot BTC ETFs have collectively attracted over $15 billion in net inflows in just five months and now manage $63.5 billion in total assets under management (AUM). Coinbase serves as the custodian for about 90% of these U.S. spot ETF assets. According to Samara Cohen, Chief Investment Officer of ETF and Index Investments at BlackRock, “80% of the total inflows to date have come from retail investors.”Most large broker-dealer and investment advisory platforms in the U.S. are still undergoing due diligence processes before approving these products for client portfolios. There are roughly 15,000 Registered Investment Advisors (RIAs) in the U.S. managing a combined $114 trillion of wealth for their clients. Even a small portfolio allocation from this massive pool of wealth could impact an asset class with a combined market cap of $2.4 trillion.H.C. Wainwright further details that stablecoins settled $10 trillion in total volume, exceeding the total transaction volume of Mastercard (NYSE:MA), the world’s second-largest payment network. According to BlackRock, “56% of Fortune 500 companies are actively working on projects on the blockchain.” BlackRock has also tokenized real-world assets on the Ethereum blockchain and now has the largest tokenized treasury fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with $382 million in AUM. Boston Consulting Group (BCG) data projects that tokenized assets will reach $16 trillion by 2030, up from $310 billion in 2022.H.C. Wainwright reiterated its Buy rating and $315 price target for Coinbase, reflecting a 12.5x EV/revenue multiple on the 2024 total revenue estimate of $6.3 billion. Risks to this bullish stance include retail trading revenue concentration, volatility in crypto asset values, a dynamic regulatory environment, and intense competition. More

The bearish trend includes sales from miners, adding to the selling pressure amid a hawkish outlook from the Federal Open Market Committee (FOMC) on Wednesday. “Long-term holder selling may not be catalyzed by a specific event, but their buying and selling activity usually dictates short-term market movements as the wallets of large holders are closely tracked by the Bitcoin community,” the report reads.The spot Bitcoin ETFs had their worst week of outflows since mid-March, with the 11 U.S. ETFs reporting a total net outflow of $580.6 million last week, according to data from Farside Investors.Last week, Bitcoin declined by 4.3% to finish just above the $66,600 mark, underperforming major equity indices. Meanwhile, mining stocks rallied another 15.7% week-over-week on continued positive sentiment on the political front. On June 11, executives from some of the largest Bitcoin mining companies in the U.S. met with Republican Presidential candidate Donald Trump at his Mar-a-Lago resort in Palm Beach, Florida. They discussed how miners can help strengthen the country’s energy grid and increase job creation domestically. Trump showed his support in a statement released on Truth Social, his social media app, where he posted, “Bitcoin mining may be our last line of defense against a CBDC (Central Bank Digital Currency)… We want all the remaining Bitcoin to be made in the USA! It will help us be energy dominant!”Following the recent rally in mining stocks, the combined market cap for the 19 Bitcoin miners in H.C. Wainwright’s dataset reached a record high of $26 billion as of June 14. The network hash rate declined by 3.9% week-over-week to 581 EH/s, while network difficulty remained at 83.7T after the latest -0.8% negative adjustment on June 6. Moreover, the report highlighted that hash prices fell by 12.4% week-over-week to $0.054/TH/day due to lower Bitcoin prices and transaction fees.Elsewhere, Texas-based miners have responded positively to the statement. RIOT’s head of public policy, Brian Morgenstern, stated that getting miners on board to help support the grid will create a more flexible power load and help keep the power grids balanced in the state. More

Nosana, an open-source cloud computing marketplace dedicated to AI inference, today announced a new partnership with AlphaNeural, a company building a groundbreaking decentralized marketplace for AI models and datasets.This partnership aims to create a more inclusive and collaborative AI ecosystem by combining AlphaNeural’s innovative platform with Nosana’s high-performance GPU infrastructure.Building a Sustainable AI EcosystemTraditionally, access to powerful computing resources has been a major barrier for aspiring AI developers. AlphaNeural’s platform will eliminate this hurdle by leveraging Nosana’s extensive network of GPUs. This will empower AlphaNeural’s users to train and run powerful AI models, fostering a more inclusive and collaborative AI ecosystem.Nosana x AlphaNeural IntegrationNosana will serve as AlphaNeural’s trusted compute provider, offering a suite of services to streamline their operations:Both Nosana and AlphaNeural are committed to democratizing access to AI tools and resources. This partnership represents a significant step towards achieving this goal.Nosana is excited to collaborate with AlphaNeural and witness the transformative potential of their decentralized AI marketplace.AlphaNeural AI is a decentralized AI marketplace built on Solana. Our platform allows seamless collaboration between developers, data scientists and companies. Built to exchange data and AI models in a secure, privacy assured way, AlphaNeural AI expands access and innovation in AI.Whether you’re an individual, a startup looking to innovate or an established company exploring AI integration, our tools and community are engineered to help your projects forward while incentivizing everyone with our token economy.About NosanaNosana is an open-source cloud computing marketplace dedicated to AI inference. Their mission is simple: make GPU computing more accessible to all at a fraction of the cost. The platform has two main goals: providing AI users with flexible GPU access and enabling GPU owners to monetize their hardware by renting it out. By offering affordable GPU power, Nosana enables AI users to train and deploy models faster, without expensive hardware investments, all powered by the $NOS token. Access compute for a fraction of the cost or become a compute supplier at Nosana.io.Users Can Learn More about Nosana By visiting:Website | Documentation | Twitter | Discord | Telegram | LinkedInContactHead of [email protected] article was originally published on Chainwire More