Cryptocurrency

Dragonfly Capital’s Haseeb Qureshi, Agora’s Nick van Eck, Founders Fund’s Joey Krug, and 1inch’s Sergej Kunz are among the confirmed speakers.SynFutures (www.synfutures.com), the leading DeFi derivatives protocol, today announced the second edition of Borderless Summit, the first crypto event series dedicated to bridging East and West and offering global perspectives on some of the most timely topics in Web3. The summit will be held at Sofitel Singapore City Centre on September 17, 2024, during TOKEN2049 Singapore and explore the evolution of the Web3 user experience. With a diverse lineup of speakers from Base, Dragonfly Capital, 1inch, Founders Fund, Framework Ventures, Agora, and more leading Web3 organizations, Borderless Summit will offer a unique platform for diverse cross-border perspectives on trending narratives. The half-day summit will take place during the TOKEN2049 activities and feature panel discussions and a networking happy hour.Speakers include:Borderless Summit will be held on Tuesday, September, from 1:30 to 7:30 PM GMT+8. Registration will begin at 1:30 PM. For the full agenda, see the event page. The event is organized by SynFutures. Fuzzland is a Diamond Sponsor. D3, Kinetex Network, and Supra are Gold Sponsors, and zkLink, Zomma Protocol, and Yay! are Silver Sponsors. Media partners include ​Wu Blockchain, CoinPost, BlockBeats, Token Post, Xangle, Traders Guild, PANews, Beincrypto, Foresight News, Cryptonews, Moongate, Talkchain Malaysia, Cointelegram, Coindesk Indonesia, Cointelegraph Japan, The Coin Republic, CryptoWesearch, and Bitcoin Addict.About Borderless SummitBorderless Summit is the first crypto event series dedicated to bridging East and West. Designed to help founders and builders better navigate global markets, Borderless Summit offers a unique platform for diverse cross-border perspectives on trending narratives in Web3.For more information, go to https://lu.ma/borderlesssummit2. About SynFuturesSynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and onchain order book model.Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.ContactCMOMark LeeSynFuturesmark.lee@synfutures.comThis article was originally published on Chainwire More

The author of the post pointed out that all the complaints about Bitcoin being predicted to reach $1 million pale in comparison to that earlier ultra-bullish forecast.However, many believe that Hal Finney was Satoshi’s real name. There is no way of finding out for sure now since the cypherpunk sadly passed away 10 years ago – on Aug. 28, 2014. He suffered from amyotrophic lateral sclerosis (ALS), diagnosed in 2009 (the year of Bitcoin’s launch), and he passed away when he was 58.In the X post, @Vivek4real_ shared a screenshot of Finney’s letter, in which the latter described the conditions under which Bitcoin could soar as high as $10 million per coin in the future. According to Finney, to make that happen, Bitcoin needs to become “the dominant payment system in use throughout the world.” In this case, the “Satoshi candidate” continued, the total value of Bitcoin needs to reach equality with the total value of the wealth in the world.Back in 2009, the total worldwide household wealth equaled $100 to $300 trillion. That divided by 20 million (for some reason used by Finney instead of the 21 million total Bitcoin supply) would make each BTC worth approximately $10 million.Finney then pointed out that mining Bitcoins with compute time worth just a few cents could prove “quite a good bet with a payoff of something like $100 million to 1.”Many Bitcoiners supported that bullish forecast.This article was originally published on U.Today More

This optimism, also known as FOMO (fear of missing out), is indicative of a sharp change in the public’s perception of the top cryptocurrency. But there are also some worries brought up by this surge in enthusiasm. Such peaks in optimism have historically corresponded with market peaks. Since many market participants are motivated more by emotion than by fundamentals, when traders exhibit excessive optimism, a market correction usually ensues. As for Bitcoin, this may indicate that the recent spike in sentiment is not indicative of a continuous upward trend but rather a warning indication of a possible reversal. The chart indicates that the local uptrend may continue despite this cautious outlook. After hitting previous lows, Bitcoin has stabilized and is now trading around $58,000. This price point is critical in determining whether Bitcoin can sustain its upward trend, as is the psychological barrier of $60,000. A more prolonged bullish trend with targets near $62,000 and $64,000 may result from Bitcoin breaking above the 200 EMA, which is presently trading around $60,000. Confirming a bullish continuation requires these levels. But BTC might retreat to its support levels, especially around $56,000, if bullish sentiment wanes and skepticism returns to the market. In summary, traders ought to exercise caution even though the recent uptick in sentiment indicates heightened market optimism. Excessive optimism has historically preceded market corrections, and market sentiment can be erratic. As Bitcoin gets closer to this critical price test, it will be crucial to monitor key price levels and assess sentiment changes in the coming days.This article was originally published on U.Today More

Alchemy, the leading web3 development platform, has officially partnered with Cross Finance, an innovative DeFi platform, to power dApp development on the CrossFi Chain. This strategic collaboration will also see Alchemy become a core development partner, enabling the building and scaling of dApps on the CrossFi Chain and further advancing the possibilities of decentralized finance.The CrossFi Chain, designed to bridge the gap between traditional and DeFi, provides an open, scalable infrastructure that empowers individuals and businesses to engage in secure, transparent, and efficient financial transactions. By partnering with Alchemy, Cross Finance leverages Alchemy’s robust dApp building tools to streamline development processes, powerful APIs, and state-of-the-art tools for developers building dApps on CrossFi.Key Features of the Partnership Include:For more information on Cross Finance, please visit CrossFi.org.For more information on Alchemy, please visit Alchemy.com.About Cross FinanceCross Finance is a decentralized finance platform focused on uniting traditional finance and DeFi to offer secure, transparent, and efficient financial services on a global scale. The CrossFi Chain is designed to enable seamless transactions and develop innovative decentralized applications.About AlchemyAlchemy is a leading blockchain development platform that provides the essential infrastructure and tools for developers to build high-performing decentralized applications. Alchemy’s technology powers the top blockchain applications globally, helping teams unlock the full potential of blockchain innovation.ContactsCEO & FounderAlexander MamasidikovCrossFi Limitedowner@crossfi.orgCEO & FounderAlexander MamasidikovCrossFi Limitedinfo@crossfi.orgThis article was originally published on Chainwire More

The acquisition, which took place between August 6 and September 12, 2024, amounted to $1.11 billion in cash, with an average price of $60,408 per bitcoin, including fees and expenses.This latest acquisition boosts MicroStrategy’s total bitcoin holdings to roughly 244,800 bitcoins, acquired at an aggregate purchase price of $9.45 billion. The company’s average purchase price per bitcoin now stands at approximately $38,585, inclusive of fees and expenses.The company said the purchase was funded through the sale of shares under an existing $2 billion at-the-market (ATM) stock issuance program.As part of this program, MicroStrategy sold 8,048,449 shares of its Class A common stock, generating the $1.11 billion used for the Bitcoin acquisition.MicroStrategy, led by CEO Michael Saylor, has been one of the most prominent corporate proponents of Bitcoin, continually adding to its holdings as part of its broader strategy to incorporate the cryptocurrency as a treasury asset. The company’s substantial bitcoin investment, which now exceeds $9 billion, reflects its confidence in the long-term value of the digital currency. More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has cemented its position as the premier platform for the highly anticipated $DOGS token airdrop. With an overwhelming response from its user base, Bybit has processed a staggering 51.3 billion $DOGS tokens in pre-deposits, securing the top spot among all exchanges.Beyond pre-deposits, Bybit has also demonstrated its market leadership in $DOGS trading. On September 9, the exchange recorded a record-breaking spot trading volume for the $DOGS token, surpassing $100 million and claiming a peak market share of 20%. This achievement further solidifies Bybit’s position as the go-to platform for traders seeking exposure to emerging crypto assets.The $DOGS token, a meme project inspired by Pavel Durov’s iconic dog drawing, has captured the attention of millions of crypto enthusiasts. With a massive user base and a thriving community, $DOGS has quickly become one of the largest meme token projects in history. Bybit’s active involvement in the $DOGS token generation event (TGE) has further solidified its status as the leading exchange for new and innovative meme coins.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press. For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead or PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Microstrategy, Inc. (NASDAQ:) announced that, during the period between August 6, 2024 and September 12, 2024, the Company acquired approximately 18,300 bitcoins for approximately $1.11 billion in cash, at an average price of approximately $60,408 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of Shares (defined below) under the Sales Agreement (defined below). As of September 12, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 244,800 bitcoins, which were acquired at an aggregate purchase price of approximately $9.45 billion and an average purchase price of approximately $38,585 per bitcoin, inclusive of fees and expenses. More

In the ever-evolving world of Web3, news and trends spread quickly, often leading to price volatility caused by unexpected events or regulatory shifts. With the constant influx of information, it has become essential for traders to filter out noise and focus on reliable data.Dyor App, a user-centric platform designed to simplify Web3 and DeFi investing, has introduced its latest feature, Token Collections, to help users navigate the ever-changing crypto market with ease. The new update offers curated collections of tokens that are handpicked based on trending market narratives and themes, such as AI tokens or SportsFi tokens. This allows users to stay ahead of emerging trends and make informed decisions.Key Features of Token Collections:While Dyor App provides powerful insights, the platform encourages users to combine these tools with their own research and risk management strategies to achieve the best trading outcomes.About Dyor AppDyor App is a decentralized investment platform that aims to make Web3 and DeFi investing accessible to everyone. With an intuitive Swipe-to-Invest interface and access to real user-generated data, Dyor empowers both novice and experienced investors. The platform fosters a vibrant community of contributors and offers governance through its unique tokenomics, ensuring a decentralized and community-driven approach. For more information, visit the Dyor App or follow them on X (formerly Twitter).App Store | Play StoreContactMarkuss Jonansmj@dyor.exchangeThis article was originally published on Chainwire More