Cryptocurrency

CPCoin Team is proud to announce the launch of SmartExplorer, an advanced blockchain explorer designed to bring unparalleled transparency and insight into the CPCoin ecosystem. As part of CPCoin Team’s commitment to providing users with the tools needed to navigate the blockchain world confidently, SmartExplorer is set to revolutionize how users interact with blockchain data.Key Features of SmartExplorer:SmartExplorer is more than just a blockchain explorer; it is a gateway to understanding and interacting with the CPCoin ecosystem. With its combination of real-time data, user-friendly design, and powerful analytics, SmartExplorer sets a new standard for blockchain transparency and usability.The original simplified will still be available on the website should existing users wish to continue using it.Explore the Future TodayCPCoin Team invites users to experience the power of SmartExplorer by visiting smartexplorer.cpcoin.io. Users can join CPCoin Team as the company continues to innovate and drive the future of decentralized finance.CP Merchant LaunchIn the coming weeks, the CPCoin Team is thrilled to launch CP Merchant, a powerful tool designed to empower businesses to seamlessly accept CPCoin and other cryptocurrencies. This innovative solution will allow merchants to tap into the growing digital economy, offering customers a secure and efficient payment option. With CP Merchant, businesses can easily integrate cryptocurrency payments, expanding their reach and enhancing customer experiences. This launch is a key step in driving wider adoption of CPCoin and supporting the growth of the entire CryptoPerformance ecosystem.For news on this and up to date information, users can follow on social media and visit the websites via https://cpcoin.ioUsers can find CPC On The Following Exchanges:Bitmart.com ( https://www.bitmart.com/trade/en-US?layout=pro&symbol=CPC_USDT )LBANK.com ( https://www.lbank.com/de/trade/cpc_usdt )P2pb2b.com ( https://p2pb2b.com/trade/CPC_BTC/ )ContactMarketing ManagerAlbinaCPCalbina@cryptoperformance.ioThis article was originally published on Chainwire More

At present, MicroStrategy’s August 2024 acquisition of 8,169 Bitcoin at an average price of $67,455 per Bitcoin is indicating a loss of roughly $1.3 million, signifying an 11.61% decline in value. Given that MicroStrategy’s Bitcoin holdings have typically produced profits over the long run, this underperformance is noteworthy. With an all-time return of about 61.45% or $5.1 billion, the company has amassed a total of over 811,000 BTC. Still, even for institutional investors with long-term investment horizons, the recent purchase underscores the volatility and risks involved with Bitcoin. The price of Bitcoin has been erratic lately. Bitcoin is currently trading at about $59,738 on the given chart, which is slightly less than the crucial $60,000 threshold. As of March 2024, the asset has been in a descending channel, and it is currently hovering close to its lower boundary. A crucial level for long-term investors, the 200-day moving average is where price action suggests Bitcoin is having difficulty staying above.This suggests a period of ambiguity on the market during which, contingent on market sentiment and outside variables like macroeconomic developments, Bitcoin may either attempt to recover higher levels or collapse below the descending channel.The risks of accumulating Bitcoin at high levels are highlighted by the poor performance of MicroStrategy’s most recent Bitcoin acquisition. However, the business has a long-term plan and has made significant gains in the past. The recent decline is a minor setback that MicroStrategy should tolerate without any issues, thanks to its enormous liquidity.This article was originally published on U.Today More

ReformDAO, a decentralized market maker pioneering the path towards more accessible, transparent, and equitable market-making practices, has announced the listing of its native token, $RFRM, on leading cryptocurrency exchanges Gate.io, Mexc.com and Bitget.com. Signaling a major milestone in ReformDAO’s journey to reshape the market-making landscape in the cryptocurrency industry.This strategic move follows the successful launch of ReformDAO’s innovative market-making platform, which has garnered significant attention from both the cryptocurrency community and institutional investors. The listing of $RFRM on these top-tier exchanges provides a robust foundation for the token’s liquidity and opens up broader access for traders and investors eager to participate in ReformDAO’s decentralized and community-driven approach to market making.Key Project Highlights:Reform’s money flow operates as a circular ecosystem, enhancing Total Value Locked (TVL) and thereby generating increased revenue.Users can learn more in this video$RFRM Token UtilityThe $RFRM token is the lifeblood of the ReformDAO ecosystem, providing utility and governance capabilities that are integral to the platform’s operation. Token holders are granted the ability to participate in the DAO’s governance, influencing key decisions that shape the future of ReformDAO. Additionally, $RFRM tokens can be staked to unlock various benefits, including discounts on platform services, enhanced voting power, and access to exclusive features. The DAO’s commitment to decentralization is further exemplified by its tokenomics, which are designed to incentivize long-term participation and align the interests of all ecosystem participants.Staking and rewards: The staking mechanism in Reform is designed for dedicated holders who are invested in the ecosystem’s success. To reward their commitment, greater returns are provided for those staking their tokens over extended periods. Stakers are also eligible for rewards such as higher staking yields.Governance Participation: $RFRM token holders play a crucial role in the governance of ReformDAO, with the power to vote on proposals that determine the platform’s strategic direction. This decentralized governance model ensures that the community has a voice in shaping the future of ReformDAO, fostering a more inclusive and democratic ecosystem.Buyback Mechanism: To promote long-term value, ReformDAO has implemented a buyback mechanism, where a portion of the realized profits generated from market-making activities is used to repurchase $RFRM tokens from the open market and added to the bonding treasury which are locked ranging from 1 to 5 years.$RFRM Listing DetailsCurrent ReformDAO Partnerships:ReformDAO is redefining the landscape of market making by offering a decentralized, transparent, and equitable platform that empowers projects and traders alike. With a focus on community-driven market making and advanced algorithmic trading, ReformDAO provides a robust ecosystem where all participants can benefit from fair and transparent market practices.The platform’s multi-layered treasury system, comprising the Bonding, Trading, Staking, and Operations Treasuries, ensures that liquidity is efficiently managed and profits are equitably distributed. ReformDAO’s commitment to transparency is further demonstrated by its live trading dashboard, which provides real-time insights into the platform’s market-making activities.Looking ahead, ReformDAO plans to expand its ecosystem by onboarding more projects and enhancing its algorithmic trading capabilities. The DAO is also exploring partnerships with other blockchain networks to further decentralize its operations and increase its impact on the global cryptocurrency market.For more information about ReformDAO and the $RFRM token, visit the official website or join the community on Discord and Twitter.ContactPauluzinfo@reformdao.comThis article was originally published on Chainwire More

Merkle Trade, the first gamified perpetual futures decentralized exchange (DEX) based on Aptos, the secure, scalable and feature-rich Layer-1 blockchain, is introducing its Token Generation Event (TGE) Sequence, uniquely featuring both Genesis Staking and a Liquidity Bootstrapping Auction (LBA). Backed by prominent investors like Hashed and Arrington Capital, Merkle Trade is building off the success of Genesis Staking that began July 25th, to launch its LBA running from August 29th to September 5th. The LBA will offer early users exclusive USDC rewards for staking for an extended period. Merkle Trade differentiates from other perpetual DEXes with its focus on accessible and enjoyable trading for everyone, including casual traders. Users can start trading perpetual futures with as little as $2 in collateral, while enjoying gas-free transactions and a seamless user experience with order execution that doesn’t require constant signatures (i.e. 1-click trading). Its focus on user-friendly features has driven rapid growth, with Merkle Trade surpassing $12.9 billion in cumulative trading volume and attracting over 124,500 traders while becoming one of the top fee-generating protocols on Aptos.Building off this traction, the project has launched a unique Token Generation Event (TGE) Sequence, introducing Genesis Staking and the Liquidity Bootstrapping Auction (LBA) as different ways for users to engage with the platform. These options are tailored to benefit both existing users and newcomers to provide diverse strategies to secure MKL tokens, manage positions, and earn additional rewards.Genesis Staking allows preMKL holders to retain their MKL tokens while earning USDC rewards. These rewards are sourced from a portion of the protocol’s revenue and include access to a special reward pool with up to $200,000 in additional benefits. An impressive milestone has been reached with over 3 million preMKL tokens staked for an average duration of more than 20 weeks, accounting for over 22% of the circulating supply at the time of the token launch.Liquidity Bootstrapping Auction (LBA) offers an opportunity for both existing users and newcomers to deposit USDC and/or preMKL over a 7-day period, during which the ratio between the two assets will establish the initial launch price of the MKL token. In return, participants receive MKL-USDC LP tokens, which come with dual rewards, including a share of 1% of the total MKL supply and trading fees generated by the pool.Participants are encouraged to carefully evaluate their financial goals and the unique benefits of each option within the TGE Sequence. Both Genesis Staking and the LBA are designed to offer valuable opportunities, allowing users to select the path that best aligns with their individual objectives. To assist in making informed decisions, the team has provided an $MKL TGE Cheatsheet, offering clear and concise guidance on navigating these options.For more details and updates on how to participate in the LBA, users are encouraged to stay tuned to Merkle Trade’s official channels (X, Discord, dApp). About Merkle TradeMerkle Trade is the first gamified perpetual futures decentralized exchange (DEX) based on Aptos. It provides omnichain support, including EVM wallet integration via LayerZero. Backed by prominent investors like Hashed and Arrington Capital, Merkle Trade uniquely combines a high-performance, secure perpetual DEX with the engaging, social elements of popular online and RPG games. Believing that making directional bets on volatile assets like crypto should be fun for all, the platform has significantly lowered barriers to entry for crypto asset trading.About Aptos NetworkAptos is the secure, scalable, and feature-rich L1 blockchain of choice for both developers and users—delivering the best performance, the highest throughput, and lowest latency. Aptos is the first blockchain to use the Move programming language, and is designed with simplicity in mind for the best builder experience. Aptos is the top choice for next-gen use cases, real-world applications, and the millions of users that come with them. If it’s happening in Web3, it’s happening on Aptos.ContactCOOYKyk@tauruslabs.xyzThis article was originally published on Chainwire More

The initiative will support projects building within the Morph ecosystem through financial resources and personalized guidance, helping them achieve long-term successMorph, the global consumer layer for driving blockchain adoption for the mass markets has announced today a partnership with Foresight Ventures, establishing a $20 million Ecosystem Fund which aims to accelerate the development and deployment of consumer blockchain projects within the Morph ecosystem and the industry as a whole. The Morph Ecosystem Fund is a comprehensive program that offers early-stage consumer blockchain projects with advanced blockchain infrastructure and the necessary financial resources and guidance through the likes of capital investment, fundraising, promotional power, technical and operational expertise, and exchange listing. “Our vision is to create lasting strategic alliances that will elevate Morph’s capabilities and expand its influence,” said Cecilia Hsueh, CEO and Co-Founder of Morph.“ This program is not just about financial support; it’s about providing a holistic growth environment for pioneering consumer blockchain projects. By leveraging Morph’s advanced blockchain infrastructure and our investment expertise, we aim to drive innovation and create significant value within the Morph ecosystem.” The program will match projects one-on-one with strategic venture partners and offer fundraising support to help structure deals, secure additional funding, and navigate the complex investment landscape. Projects will be given access to Morph’s technical resources, development tools, and operational expertise and provided with co-promotion on Morph’s media channels, social platforms, and at industry events to boost their brand visibility. Forest Bai, Co-Founder of Foresight Ventures, said “We see consumer applications as the sole gateway to mass adoption and are excited to back an ecosystem so dedicated to consumers. Morph Network offers a highly practical tech stack, an ecosystem acceleration system, and unparalleled advantages in regional markets.”The Morph Ecosystem Fund will select applicants who not only offer innovative real-world consumer blockchain solutions and practical utility to the web3 and broader tech landscape but also align with Morph’s long-term strategic goals and have the potential to enhance the overall blockchain ecosystem.Consumer blockchain projects can apply for the program by visiting www.morphl2.io for more information on eligibility criteria and the application process.About MorphMorph is a fully permissionless EVM L2 that uses a combination of optimistic and zero knowledge rollup technology to enable limitless possibilities in entertainment, social, lifestyle and loyalty. Morph is the first Layer 2 on Ethereum to launch with a decentralized sequencer, aligning it with several core principles of web3—decentralization, censorship resistance, and security. The blockchain was built with mainstream audiences like gamers and social media users in mind, making it a user-friendly option for developers who require a chain to build these types of apps. Bitget, the world’s leading cryptocurrency exchange, is an original investor in Morph that will continue to play a role amongst the other investors in shaping the Morph ecosystem.Morph’s founders bring unique backgrounds and perspectives to the company. Cecilia Hsueh, Morph’s Co-Founder and CEO, previously founded Phemex, a top global crypto derivatives exchange. Azeem Khan, Co-Founder and COO, was formerly Head of Impact at Gitcoin, where he helped lead one of the most notable grant programs in the space. Together they launched Morph to empower people who have historically been excluded by the traditional financial system.About Foresight VenturesA research-driven crypto investment & incubation powerhouse with a premier media network, serving as the most essential bridge connecting Eastern and Western ecosystems. With a track record of supporting early-stage projects and driving technological advancements, Foresight Ventures is committed to partnering with visionary projects that have the potential to reshape the future of digital finance and beyond.ContactTova KaufmannN/Atkaufmann@mgroupsc.com4695859410This article was originally published on Chainwire More

This whale has seen his BTC stash skyrocket tremendously from merely $14,202 worth of it over all those years.This difference in the fiat value of this Bitcoin lump signifies a massive 41,897% rise.Crypto community members in the comments speculated as to the reason of the wallet’s awakening at this very moment, concluding that this whale is a “diamond holder” and that they are likely to sell the dormant Bitcoin now to make some healthy profits.There have been some more massive BTC transfers reported by Whale Alert today – they were two transfers made from the largest U.S.-based cryptocurrency exchange Coinbase to unknown new wallets. Those two transfers were cumulatively worth almost $900 million. Each transaction carried 7,999 BTC, with a slight difference in the fiat equivalent – $472,800,932 and $472,800,936.Since both anonymous wallets are brand new, the market is likely witnessing the birth of two new Bitcoin whales.On Wednesday, Bitcoin experienced a staggering decline of 5.57%, falling from $62,000 to $58,650. That was followed by a rise of 2.64%, but then BTC again went down and is currently trading at $59,652.This article was originally published on U.Today More

Investing.com – The crypto world is holding its breath: Expert concerns about the future of (SOL) are causing a stir. Benjamin Cowen, founder of ITC Crypto, leaves no doubt about his forecast – Solana is likely headed for a dramatic plunge towards $85. While some are speaking of an imminent correction, others suspect unnecessary panic-mongering that could further destabilize Solana.

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Potential Major Correction for Solana
Cowen’s prediction is based on historical comparisons between (ETH) and (BTC), as well as Solana (SOL) and Bitcoin (BTC). He points out that once experienced an enormous plunge of 90% from its peak in 2018 before witnessing a spectacular recovery of 500% starting at the end of 2020.
Solana appears to be following this pattern, as also suffered a similar 90% drop from its peak in 2021 and has been showing signs of recovery since mid-2023.
Lack of Consolidation Phase and Gloomy Outlook
Cowen warns that SOL/BTC has yet to go through the crucial consolidation phase – an indispensable precursor to such a recovery phase. Without this consolidation, Solana is expected to struggle for the rest of the year.
Other experts like Bluntz amplify this bleak perspective by predicting another decline of SOL to $85. It seems that this scenario can only be averted if Solana rises to at least $195 in the short term.
Robinhood Integration as SOL’s Lifeline?
While dark clouds loom over Solana, there are bright spots: Robinhood Markets Inc (NASDAQ:) has integrated Solana (SOL) into its wallet, enabling users to custody their SOL tokens and conduct blockchain transactions. This integration could bolster confidence in Solana and lead to increased market demand.
Interestingly, the SOL price experienced an immediate boost following this announcement, reflecting market optimism about potential future transactional activity.
Pressing Question: Can the Robinhood Integration Prevent Solana’s Plunge?
The burning question now is: Can this Solana integration into the Robinhood wallet truly act as a lifeline and prevent the predicted price drop? Will the improved access and increased user acceptance be enough to restore confidence in Solana and stabilize its price sustainably?
The coming months will reveal whether these dual forces – the gloomy forecasts and positive market adjustments – will balance out or whether Solana will indeed fall to $85. One thing is certain: The eyes of the crypto community are on Solana, and the tension could hardly be higher. More

The world’s largest cryptocurrency fell sharply on Tuesday and Wednesday after the movement of nearly $2 billion tokens between the wallets of a major crypto exchange rattled traders with the prospect of another major sale event. Signs of dwindling capital flows into crypto also saw Bitcoin remain within a trading range seen for most of this year, even as the price logged wild swings in recent sessions. Bitcoin added 0.6% to $60,478.0 by 09:09 ET (13:03 GMT), steadying after falling as low as $58,000 earlier in the week. A drop in the shares of market darling NVIDIA Corporation (NASDAQ:NVDA) also undermined risk appetite, which left crypto prices struggling to make headway. Crypto markets were still kept off recent lows by persistent optimism over lower U.S. interest rates. Lower rates present a more facilitative environment for speculation- which is a key driver of crypto price action. U.S. economic readings due this week are likely to factor into the outlook for interest rates. A revised reading on second quarter gross domestic product data is due later on Thursday, coming after a reading released last month showed resilience in the world’s biggest economy.PCE price index data- the Federal Reserve’s preferred inflation gauge- is due on Friday, and will also be closely watched.Markets are split between a 25 or 50 basis point cut in September, with any weaker economic data likely to drive expectations for a greater reduction. But just how much crypto will benefit from lower rates remains to be seen, after a recent report from blockchain research firm Glass Node showed speculative interest in the sector, especially amid retail investors, had largely run dry.Other capital flows data showed waning enthusiasm among institutional investors towards crypto, as optimism over the launch of spot Bitcoin exchange-traded funds earlier this year petered out. Among broader crypto prices, major altcoins clocked some gains, but struggled to break out of losses logged earlier this week.World no.2 crypto Ether rose 1.5% to $2,570.41, while XRP lost 1.3% and ADA climbed 1.3%.SOL lagged with a 1.4% decline, while MATIC slipped 1.2%, extending steep losses seen earlier this week. Among meme tokens, DOGE edged 0.4% higher. Cryptocurrencies, led by Bitcoin, could be poised for a strong recovery as central banks, especially the U.S. Federal Reserve, prepare to ease monetary policy, market analysts said.The much-anticipated rate cuts are expected to inject fresh liquidity into financial markets, potentially boosting risk assets like equities and cryptocurrencies, despite ongoing market uncertainties.However, analysts caution traders to remain cautious due to the upcoming U.S. presidential election in November and uncertainties in fiscal policy. While the overall sentiment leans towards cautious optimism, the shift towards monetary easing by central banks is seen as a positive for the crypto market.Digital asset trading firm QCP Capital noted on Tuesday that any downturn in equities and crypto is likely to be “short-lived” as the Fed prepares to initiate a rate-cutting cycle. Last week, Federal Reserve Chairman Jerome Powell indicated that interest rate cuts could begin as early as next month, with the market expecting three rate cuts this year.”Increased liquidity will eventually push risk assets higher,” the Singapore-based firm said in a note. “We are finally on the cusp of a rate-cutting cycle.”This view is shared by analysts at blockchain analytics platform Nansen, who pointed to the potential for a sustained bullish trend in the crypto market, driven by what they refer to as the “Fed put”—the belief that the Federal Reserve will step in to support the economy and financial markets as inflation cools and growth stabilizes.Ambar Warrick contributed to this report.  More