Cryptocurrency

On September 19, 2024, leading Web3 security firm CertiK, CertiK Ventures, OKX Ventures, and OKX Wallet hosted the “New Round, New Path” event during Token2049. During this event, CertiK announced a comprehensive upgrade of its products and services, which cover the entire life cycles of Web3 projects. Additionally, CertiK announced the launch of its free community security tools, including Token Scan and Wallet Scan, to support the evolving community. CertiK’s highly anticipated CertiK Ventures will invest $45 million in these endeavors to support high-potential, burgeoning Web3 projects.CertiK is a first mover in Web3 security with a valuation of $2 billion, making it the highest-valued Web3 security company to date. Its investors include prominent institutions such as Insight Partners, Sequoia Capital, Tiger Global, and Goldman Sachs. CertiK’s core services include auditing, security scoring, compliance and anti-money laundering (AML), KYC, penetration testing, and incident response. To date, CertiK has provided security services to more than 4,700 projects across 150 countries, including renowned Web3 companies such as Ton, Ripple, Aptos, and Binance. The official launch of CertiK Ventures during Token2049 completes CertiK’s full-chain security solution, enabling its upgraded product suite to support projects from their early stages to becoming major industry players.In addition, CertiK has introduced a range of free security tools, starting with Token Scan and Wallet Scan, to help users safeguard their assets. CertiK developed these tools based on extensive experience in conducting more than 70 white-hat operations, reporting more than 4,000 security incidents, discovering 115,000 code vulnerabilities, and protecting approximately $360 billion in assets. These free tools are designed to offer substantial support and empowerment to the community.CertiK’s latest initiatives are not just product and service upgrades; they represent empowerment of and dedication toward Web3 security. With the announcement of its $45 million investment plan, CertiK Ventures will help drive the development of high-potential projects, accelerating the integration of innovation and security within the Web3 ecosystem.Website | Company Twitter | Community Twitter | CertiK Alert | TelegramContactElisa Xuyiting.xu@certik.comThis article was originally published on Chainwire More

FBS, a leading global broker, presents an overview of financial market trends in the context of the 2024 US presidential elections. FBS financial market analysts particularly underscore the rising investment potential of Bitcoin in the context of Harris-Trump uncertainty .FBS analysts highlight that financial markets are experiencing turbulent times and investors are looking for safe-haven assets like gold and government bonds. According to the FBS experts, cryptocurrencies, particularly Bitcoin, become more appealing. FBS financial market analysts have explored Bitcoin’s historical performance during past US elections and speculated on its potential role in 2024.In previous election cycles, Bitcoin’s price reactions to political events have varied:FBS analysts warn that the 2024 US presidential election could significantly influence Bitcoin’s future:FBS analysts believe Bitcoin’s long-term position in the financial markets is solidified. Growing institutional interest points to its potential as a legitimate hedge against macroeconomic risks.Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation and is intended for informational purposes only.ContactFBS Press Officepress@fbs.comThis article was originally published on Chainwire More

The U.S. central bank lowered the federal funds rate to a range of 4.75% to 5%. This aggressive cut signals deepening concerns over the state of the U.S. economy, sparking volatility across multiple markets, including cryptocurrencies.At 16:40 ET (20:40 GMT), Bitcoin price was flat on the day, trading at $60,189.00. ETH/USD was down 1.1%, exchanging hands at $2,138.87, while pDOTn/USD price dropped about 1.9%.Cryptocurrency-related stocks gave up their earlier gains. While MicroStrategy Incorporated (NASDAQ:MSTR) shares rose 1.5% during the day, most bitcoin miners, including Marathon Digital Holdings Inc (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT), along with crypto exchange Coinbase Global Inc (NASDAQ:COIN), ended flat to slightly negative.The rate cut was announced after the Fed’s two-day meeting, and it comes after a year of aggressive tightening to combat inflation. Ten out of 19 Fed officials supported at least another half-point rate cut during the last two meetings of 2024.Historically, rate cuts have weakened the U.S. dollar and benefited risk assets like stocks. Bitcoin has had difficulty holding onto the gains it made earlier this year. After reaching highs of $65,000 in August, it has traded around the $60,000 handle in recent days. More

Aleo’s L1 creates a new ecosystem for secure and programmable applications that allow users a new level of control over their dataToday, the Aleo Network Foundation officially announced the launch of the Aleo Network, a layer-1 blockchain that combines general-purpose programmability with the power of zero-knowledge proofs (ZKPs). The network enables the next generation of decentralized apps that provide data confidentiality to users and scale to enterprises. Mainnet marks a critical turning point for zero-knowledge technology. For the first time ever, developers can deploy and execute applications on a layer-1 blockchain that is zero-knowledge by default. ZKPs are used to prove knowledge about a specific set of data, without having to reveal the data itself. This gives developers a platform for building private-by-default, cost-effective decentralized applications and makes new use cases in identity, finance, and gaming feasible at scale.Starting now, developers can build applications that allow users to safely provide the information necessary to access online services while keeping enterprises from bearing the risk of maintaining and securing that data. Developers benefit from a network that provides:About the Aleo Network FoundationThe Aleo Network Foundation is a Wyoming-based non-profit 501c4 organization created to guide and support the Aleo Network, focusing on open-source governance, developer engagement, and promoting zero-knowledge cryptography applications. About the Aleo NetworkThe Aleo Network is a decentralized and leading developer platform for building secure, scalable, and cost-effective decentralized applications. Using zero-knowledge cryptography, Aleo moves smart contract execution off-chain to enable new use cases for applications like identity, finance, and gaming, scaling to thousands of transactions per second. Built on a decentralized, permissionless blockchain, Aleo brings the flexibility of Ethereum with a more scalable architecture that’s designed from the ground up for privacy.ContactSenior PR ManagerPatrick KennedySerotoninpatrick@serotonin.coThis article was originally published on Chainwire More

Attendees at the Polkadot booth can claim Proof of Presence (PoP) tokens, which will unlock stages in the evolution of their DOTphin avatars. These avatars are influenced by real-time ecological data and linked to marine conservation efforts.Powered by dynamic NFTs, DOTphin seeks to boost event engagement and create real-world ecological impact, turning participation into an interactive experience. Supported by the Polkadot community through OpenGov, the project debuted at Polkadot Decoded 2024.DOTphin merges blockchain with environmental impact, allowing users to engage with NFTs while supporting real-world conservation. By interacting with the DOTphin avatars, participants contribute to marine preservation through data provided by SNI’s partner, Aquasearch.SNI CEO Catherine Bischoff explains, “Through DOTphin, we have pioneered a groundbreaking approach to merge community engagement and the protection of our natural world by connecting digital collectibles with living entities. We add meaning to virtual realms by distributing dynamic assets that are verifiably making real world impact.”Attendees can claim their avatars by visiting the SNI website or scanning QR codes at the event. Once collected, avatars can be evolved through the REAL portal, where each user’s collected PoPs will influence the growth and appearance of their DOTphin.The avatars feature a design inspired by Japanese anime to create a meaningful connection between users and their digital companions.Polkadot Decoded Asia was held on September 16-17, 2024, in Singapore during TOKEN2049 Week. The conference highlighted the Polkadot ecosystem and key developments in the Web 3.0 space, with significant preparations leading up to the event.Despite market challenges, developer activity in the Polkadot ecosystem remains strong. Per its recent statistics, the network now hosts 29,917 repositories, with weekly commits exceeding 5,500. Around 900 developers contribute each week as well, keeping the ecosystem’s momentum active. More

Key Takeaways:The upcoming IFO will run from September 24, 2024, at 10:15 AM UTC to September 25, 2024, at 10:15 AM UTC. This venture marks a significant moment for PancakeSwap as it introduces its popular IFO model to Arbitrum, following previous successful launches of Swap, Yield Farming, Prediction Markets, and Perpetual Trading on the network.Eigenpie represents an innovative approach in the DeFi space. Built on EigenLayer, Eigenpie is a Liquid Restaking Protocol that enables users to restake their ETH or Liquid Staking Tokens (LSTs). The restaked asset is used to validate other services while allowing users to maintain liquidity via a Liquid Restaking Token (LRT). The centerpiece of this IFO is the EGP token, which serves as Eigenpie’s native governance token. EGP allows its holders to participate in protocol governance, potentially earn rewards from engagement, and amplify their influence through vote-locked EGP (vlEGP). Participation in the IFO will be accessible through two primary channels. The Basic IFO will be open to all CAKE holders. For those with veCAKE on BNB Chain, a Public IFO will provide exclusive access with a reduced participation fee. Participants will need to lock CAKE to receive veCAKE, which they will then use to join the IFO.Disclaimer and Risk Warning: This content is for informational and educational purposes only and does not constitute financial, legal, or professional advice. It is not a recommendation to purchase any specific product or service. Please consult with qualified advisors for personalized guidance. Participation in the IFO involves risks and may be restricted in some areas. Ensure you comply with local laws and regulations before participating.About PancakeSwapPancakeSwap is a leading multichain decentralized exchange that operates on an automated market maker (AMM) model and is available across nine chains: BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. Launched in 2020, PancakeSwap is one of the most popular DEXs in the cryptocurrency industry due to its low transaction fees, high-speed trading, and user-friendly platform. PancakeSwap has over $828 billion in cumulative trading volume and over $1.58 billion in total value locked, making it a leading multichain DEX in the industry. For more information, users can visit https://pancakeswap.finance/.ContactPancakeSwapcocoa@pancakeswap.comThis article was originally published on Chainwire More

It emphasizes cautious optimism amid ongoing market movements. Woo anticipates that Bitcoin’s current bullish swing will continue in the near future, probably for an additional week. Bitcoin is displaying a bull flag on the chart, a typical technical pattern that denotes a sustained upward movement following a brief period of consolidation.This is a promising signal for traders seeking quick profits over the coming days. Woo notes that when taking derivatives into account, exchange inventory stays flat, and there is a notable accumulation of spot Bitcoin in the medium term. This implies that although there has not been much movement in derivatives trading, there is consistent buying going on in the spot market, especially by investors and long-term holders. The accumulation of Bitcoin may portend an impending bull market move, particularly if the demand continues. But Woo is still being cautious. The market is not under pressure to sell off right now, but it has not completely transitioned to a bullish structure either. The demand and supply dynamics at this point are neutral to bearish. Woo points out that a possible short squeeze might swiftly alter the situation and cause liquidations, which would raise the price of Bitcoin. Should that occur, there is a chance that the market will firmly enter a bullish phase. As usual, Woo’s analysis provides traders and investors with insightful information.This article was originally published on U.Today More

VIKITA, a memecoin operating on the SunPump platform, has been listed on the Poloniex exchange, available for trading against USDT (Tether). Built on the TRON blockchain, VIKITA benefits from fast, low-cost transactions, providing users with an efficient trading experience.SunPump, the platform hosting VIKITA, specializes in supporting memecoins, allowing users to create, buy, and sell tokens without the need for initial liquidity. This structure aims to simplify access to token creation and trading for users within the ecosystem.With a limited supply of 1 million tokens, VIKITA has seen notable trading activity since its listing. The liquidity of the token has surpassed $300,000, while the daily trading volume has exceeded 1 million TRX. The token has also reached a market capitalization of over $7 million as of the date of this release, placing it among the top 10 tokens by market capitalization on the SunPump platform.VIKITA’s distribution has been managed exclusively through SunPump, ensuring transparency in the process. The platform’s structure seeks to eliminate potential risks of manipulation.SunPump is a growing platform within the TRON ecosystem, known for its role in facilitating USDT trading. The platform’s focus on memecoins has attracted significant interest in VIKITA, contributing to its early market performance.About VIKITAVIKITA is a memecoin built on the TRON network and operates on the SunPump platform, which is designed to support the creation, buying, and selling of memecoins without requiring initial liquidity. With a limited supply of 1 million tokens, VIKITA offers fast, low-cost transactions, benefiting from TRON’s blockchain infrastructure. Since its launch, VIKITA has gained significant attention in the market, becoming one of the top tokens by market capitalization on the SunPump platform.ContactJessica ConerVIKITAteam@vikita.xyzThis article was originally published on Chainwire More