Cryptocurrency

Thus, the trader emphasized that he avoids trendlines, most indicators, day trading and taking losses. He also ignores win rates, what his trading peers are doing and the fundamentals of the market.In addition, Brandt shared that he limits his risk to no more than 70 basis points per trade and does not worry about getting stopped out or getting stuck on a particular market or asset class.This unconventional approach to trading, which focuses more on disciplined risk management and psychological resilience, has earned Brandt legendary status in the trading world.However, the trader noted that for a true double top formation, the depth of the “top” in Bitcoin would need to be around 20% of the price, while the current depth is only around half of the required amount. This suggests that while there is potential for a bearish reversal, the pattern is not yet fully confirmed.This article was originally published on U.Today More

The DeFi.Gold team is thrilled to announce the launch of two memecoins, Flurbo and Schmeckle, in partnership with DeFi.Gold. These projects are bringing their Bitcoin Runes tokens to the forefront, aiming to revolutionize the crypto space with a unique twist.These twin currencies are set to become the preferred choice for a new Web3 game being developed by DeFi.Gold’s seed investors and takes advantage of both the Bitcoin and the Telegram Open Network blockchains.Schmeckle will be launching on Magic Eden July 19, 2024. Flurbos are available today for minting by the community. More information on both can be found at flurbo.com and schmeckle.org, respectively.In addition to these exciting launches, DeFi.Gold has announced the debut of its decentralized NFT marketplace on Bitcoin Testnet, support for testnet Ordinals is enabled with RGB and Taproot Asset NFTs slated for release in August. The marketplace, accessible at nft.defi.gold, will undergo community-led quality assurance testing with rewards through DeFi.Gold’s Zealy campaign. DeFi.Gold also anticipates the testnet launch of its launchpad for Runes tokens this month. For more information, contact: Mona Coyle, CEO DeFi.Gold info@defi.goldAbout DeFi.Gold DeFi.Gold is revolutionizing the Bitcoin blockchain aiming to be the first non-custodial decentralized exchange (DEX), LBP launchpad and NFT marketplace on Bitcoin. Leveraging Bitcoin’s Layer 1 (L1) and the Lightning Network, DeFi.Gold will offer enhanced scalability, efficiency, and advanced features. The platform will support trading of various assets, including Taproot, RGB, Ordinals and Rune-based tokens, alongside memecoins, utility tokens, DAO tokens, and stablecoins.DeFi.Gold’s NFT marketplace will facilitate liquidity for creators and collectors, integrating seamlessly with major Bitcoin web wallets and supporting fast, low-cost transactions via the Lightning Network. The DGOLD governance token empowers community-led decisions, driving innovation in decentralized finance on the Bitcoin blockchain.DisclaimerThis press release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ from those anticipated in these statements.ContactCEOMona CoyleDG Labs Ltd.info@defi.goldThis article was originally published on Chainwire More

Dora, the unified search and action engine for the multichain world, is excited to announce the successful close of a $5.5 million early stage funding round. The round was co-led by Dragonfly Capital and Lemniscap, with participation from Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital, alongside notable angel investors such as Co-Founder of Movement Labs Rushi Manche, and Co-Founder of Fluent (NASDAQ:FLNT), Dino Savonin. The funds will be utilized to enhance Dora’s innovative search, unified crosschain transaction capabilities, and expand their collaborations with blockchain networks across all virtual machines.Dora is the only multichain search engine that allows for search capabilities and crosschain transactions in a unified interface. As applications increasingly leverage both online and onchain infrastructure, unlocking search capabilities is crucial for understandability and accessibility. Dora’s comprehensive block explorer and search solutions empower users and developers by providing easy access to onchain data, thereby driving the broader adoption of blockchain technology. Dora currently supports over 20 chains including Ethereum, Arbitrum, Base, Celo, Scroll, Rari, Palm, and Xai.The Dora platform provides a multichain Block Explorer to search blockchain data for EVM chains, APIs for accessing enriched token and NFT information, efficiently organized data structures for easy data retrieval powered by Goldsky and Simplehash, transaction functionalities such as swaps and mints, and embedded wallet. These offerings serve as a comprehensive solution for chains looking to encourage developer adoption and catalyze usage of their ecosystem.The funding follows support for Dora by key industry partners including the largest ever Arbitrum subDAO grant, as well as grants from Gnosis, Scroll, and the Ocelot treasury for Celo.“The golden age of web2 came hand in hand with that of its search engines. To spark the widespread adoption of onchain goods and services, we need a crypto search engine,” said Bunny, CEO and Co-Founder of Dora. “This funding round demonstrates our investors’ strong confidence in our vision: an unfragmented and unified multichain experience. By integrating interactivity at the Discoverability Layer, we aim to drive mass adoption of blockchain technology and facilitate the evolution towards a multichain, and soon multiVM world.”Tom Schmidt, Partner at Dragonfly said: “Dora’s mission to make on-chain data accessible and interactive aligns perfectly with our vision for the future of blockchain technology. By providing comprehensive search and explorer tools, Dora is unlocking new potentials in the blockchain space. We are confident that their innovative approach will significantly contribute to the mass adoption of decentralized technologies.”Tarun Chitra, Partner at Robot Ventures, said: “Dora is at the forefront of making blockchain data comprehensible and accessible to a wider audience. Their approach to integrating multiple chains into a seamless search experience is revolutionary. We believe their technology will play a pivotal role in the broader adoption of blockchain and decentralized applications. In a future where there are as many blockchains as there are GPUs, Dora will be the key to managing complexity for end users.”Roderik van der Graaf, Founder of Lemniscap, said: “We’re delighted to co-lead this investment round for Dora, as part of our ongoing commitment to fostering groundbreaking technologies in the blockchain ecosystem. Dora’s unique approach to search and interactivity within the multichain world positions them as a key player in driving mass adoption, and we’re very excited to be part of their journey.”About DoraDora is the Unified Search Engine for the Multichain World. We collaborate with a multitude of blockchain networks and rollup teams to provide comprehensive block explorer and search solutions. Our mission is to enhance the accessibility of onchain data through innovative search capabilities, driving understandability and mass adoption of blockchain technology.About LemniscapLemniscap is an investment firm specializing in investments in emerging crypto assets and blockchain startups. Since its founding in 2017, Lemniscap has funded multiple investments in the crypto blockchain space, on the core belief that blockchain technology will upend traditional business models, resulting in profound changes in the world economy. The Lemniscap team consists of talented people with backgrounds in financial markets, PE/VC, technology and entrepreneurship. For more information, visit https://lemniscap.com/.For more information, please visit about.ondora.xyzContactSenior ConsultantBridget van VoorstCW8 Communicationsdora@cw8-communications.comThis article was originally published on Chainwire More

Over the past six months, these ETFs have attracted over $14.7 billion in net inflows, highlighting strong investor confidence in BTC and digital assets in general.Teng’s findings are in line with recent data from Bloomberg, which shows that investors have viewed the recent price decline as a buying opportunity. Over the past two days, U.S. Bitcoin ETFs have seen a net inflow of $438 million.This trend indicates bullish sentiment among investors, who remain optimistic about long-term prospects despite the market being shaken in the short term.However, Bitcoin managed to gain 3% since Tuesday to reach $57,600. Despite this rebound, it remains significantly below its record high set in March.The steady inflows into ETFs and the recent price recovery highlight that while prices and market caps fluctuate, the long-term outlook for BTC remains positive. Industry leaders, including Teng, advocate maintaining focus and resilience in building the digital asset ecosystem, outlining the principle of long-term fundamentals over short-term price movements.This article was originally published on U.Today More

Appchain infrastructure protocol Tanssi has entered into a strategic collaboration with Agrotoken, the first global tokenization platform for agricultural commodities. The agreement will see the entities develop an agro-finance solution using Polkadot technology for the South American market, initially focusing on Brazil and Argentina. Agrotoken will leverage Tanssi’s dedicated appchain technology to develop a blockchain-based solution for collateralizing loans with tokenized grains. This necessitates complex processes for tracking grain values, loan terms, ownership transfers, and repayment schedules that a general-purpose blockchain cannot easily handle. Equipped with its own appchain, Agrotoken will be able to efficiently digitize commodities and manage their lifecycle.Agrotoken operates in major agricultural markets where agribusiness represents a significant portion of GDP, including Brazil (22%), Argentina (6.6%), and the United States (5.5%). Due to the size and complexity of the market, Agrotoken requires a robust, reliable, and scalable infrastructure, characteristics that are inherent to appchains.Agrotoken CTO and co-founder Ariel Scaliter said: “We are very excited to start working with Tanssi on account of their scalable infrastructure built with Polkadot and its simplicity in implementation. This collaboration will allow us to explore natural resource tokenization with greater speed and flexibility.”Agrotoken has already tokenized $70M in cereals, the equivalent of 230,000 tons of soybeans, corn, and wheat. As this activity scales, Tanssi’s support will power Agrotoken’s growth while maintaining optimum performance. Tanssi will provide Agrotoken with essential infrastructure tools as a service, enabling the launch of its appchain with just a few clicks, and will support block production along with key integrations such as oracles and wallets.This collaboration marks the first agrobusiness use case to be developed within the Tanssi ecosystem, which operates on Polkadot’s Substrate framework. The project has already commenced with Agrotoken’s appchain deployment on Dancebox, Tanssi’s testnet, and will continue with its launch on Tanssi’s mainnet later this year.About Tanssi NetworkTanssi’s appchain infrastructure protocol is designed to simplify and accelerate the deployment of appchains. Connecting a chain to Tanssi transforms it into a modular appchain. This transition grants access to a developer-friendly and permissionless environment, fully stocked with all essential infrastructural components to run a chain right out of the box. Key features include a shared and decentralized network of block producers, ensuring robust security and data retrievability, alongside seamless integrations with vital tools like bridges, wallets, block explorers, RPC (NYSE:RES) endpoints, indexers, oracles, and more.Learn more: https://www.tanssi.network/About AgrotokenAgrotoken is the first global real-world asset tokenization infrastructure, employing blockchain to optimize the management and trading of real assets, ensuring significant progress towards efficiency and transparency in the agricultural sector. Founded in Argentina in 2020, the company’s strategy focuses on two business areas: Agrotoken.platform, which forms the first global commodity digitalization platform, and Agrotoken.labs, which creates solutions adapted to the individual needs of each client within the agricultural sector.ContactCMOKatherine Quilca BarcelliMoondance Labskathy@moondancelabs.comThis article was originally published on Chainwire More

The world’s largest cryptocurrency was nursing steep losses over the past two weeks, having hit an over four-month low last week amid concerns over token distributions by defunct crypto exchange Mt Gox. But losses in the token appeared to have paused, at least for now.Bitcoin rose 0.4% in the past 24 hours to $57,386.4 by 08:32 ET (12:32 GMT). World no.2 token Ether outpaced Bitcoin, rising 0.7% to $3,074.46Bitcoin slid as low as $53,000 last week after the trustees of Mt Gox said they had begun distributing tokens stolen during a 2014 hack, although they did not specify what the overall value of the distribution would be.But the news saw traders further dump Bitcoin on concerns that receivers of the token will also be inclined to sell, given Bitcoin’s massive price jump over the past 10 years.Several major Bitcoin “whale” wallets were seen dumping the token, while sales of Bitcoin confiscated by the German government from a piracy website also added to the selling pressure. Still, Bitcoin now appeared to have stabilized, as recent data showing strong capital inflows into crypto investment products helped improve sentiment.Data from digital assets manager Coinshares showed on Monday that crypto investment products saw inflows totaling $441 million in the week to July 8, attributing the trend to bargain hunting as concerns of a token dump battered crypto prices.Bitcoin continued to control a bulk of the inflows, but other major altcoins also saw inflows. Ether products saw about $10 million in inflows. Broader crypto prices saw mixed performance on Tuesday, despite Bitcoin and Ether’s rebound.The Securities and Exchange Commission is widely expected to approve form S-1 filings from several major issuers for the listing of spot ETFs later in July, with the reduction of a price discount on Coinbase (NASDAQ:COIN) to Binance reflecting some improved confidence in the token. But Ether, like the broader crypto industry, was grappling with decreased retail interest this year. Sluggish trading volumes in spot Bitcoin ETFs also reflected this trend.Meanwhile, XRP and Cardano fell 1.5% and 1.2%, respectively, while Solana added 0.4% as exchange operator CBOE filed for approval to list spot Solana ETFs.Among meme tokens, DOGE and SHIB dropped 0.9% and 1.4%, respectively. After a series of bitcoin transfers on Monday, the German government has moved an additional $339.2 million worth of bitcoin to addresses linked to centralized crypto exchanges and market makers as of Tuesday.According to data from the on-chain analytics platform Arkham, the German government sent 800 bitcoins ($45.9 million) to the crypto exchange Kraken, 5,000 bitcoins ($287.1 million) to an address associated with the market maker B2C2 Group, and nearly 107 bitcoins ($6.2 million) to market maker Cumberland DRW. An additional 400 bitcoins ($23 million) were sent to an unlabeled address.Moreover, the government received 1,692 bitcoins ($96.9 million) back from the crypto exchange Bitstamp on Tuesday.These movements follow the German government’s seizure of 50,000 bitcoins from the film piracy site Movie2k in January and the subsequent transfer of bitcoin to exchanges, which began last month.Government-labeled addresses on Monday transferred more than 15,000 bitcoins ($866 million) to addresses identified by Arkham as belonging to market makers and exchanges. Later in the day, 3,623 bitcoins ($203.7 million) were transferred back to the German government from Bitstamp, Coinbase, and Kraken. More

Masa also becomes the first live token in the Bittensor Subnet Ecosystem, introducing a new dual-token reward structure to incentivize contributors and democratize AI development.Masa, a decentralized AI network where people earn by contributing data, today announced the launch of an AI Data Subnet on Bittensor, a protocol pioneering the decentralized production of artificial intelligence. Masa will leverage Bittensor’s peer-to-peer machine intelligence network to supercharge AI data aggregation, transformation, and access. Together, this empowers a world of Fair AI powered by the people, where AI developers can build anything, anywhere with the world’s data.The AI sector of the crypto industry is projected to reach $10.2 billion in revenue by 2030, according to a research report from VanEck, while centralized AI has a projected market share value of $1.8 trillion by 2030. However, there is a clear demand for decentralized players, as the essential components of AI including compute, models, and data, should not be monopolized by centralized entities. Value Proposition of the Masa Bittensor SubnetBittensor has amassed a $10 billion AI ecosystem since its launch in March 2023. Institutional validators, such as DCG subsidiary Foundry and Polychain, collectively staked a total of 5.7 million – or $1.8 billion worth of – $TAO. Bittensor operates through a central network consisting of smaller, specialized sub-networks, each dedicated to different areas of AI. With its sophisticated TAO economic model that incentivizes the production of high-value AI subnets, Bittensor is a significant player in the DeAI space.Masa enables people from all over the world to contribute data and compute to AI development, without centralized control. Masa allows AI developers to build anything, anywhere with the world’s data. It facilitates the fair, open, and permissionless contribution of AI training data, compute, and bandwidth. Similar to Bittensor’s incentive mechanism, Masa contributors – validators and workers – are rewarded based on the value of their contribution to the network, using game-theoretical frameworks that optimize a contributor’s utility on the network. This ensures an effective system that uses economic incentives to drive growth and the equitable expansion of Fair AI. The Masa Bittensor Subnet provides real-time and static, structured, annotated, and vectorized data from a variety of data sources critical for AI development, such as X (Twitter), Discord, diarized speech (e.g. podcasts, YouTube, TikTok), gated web data (e.g. New York Times), and public web data (e.g. Google (NASDAQ:GOOGL) Search). Real-time data can be used to build robust datasets or directly in system prompts for current context. Static data sets are constantly updated and stored by subnet workers for further processing into vectors to fuel Retrieval Augmented Generation (RAG) in AI agents. These data sets are processed and annotated using agentic data pipelines that employ fine-tuned LLMs trained on JSON and other formats to deliver high-quality outputs from volatile data inputs. AI developers have been using Masa data for a wide range of use cases, such as capturing trading signals and building hyper-personalized AI companions.The Masa and Bittensor communities can participate using low-power devices to run a Masa worker node from laptops, servers, or future mobile devices by contributing compute and bandwidth from anywhere in the world.$MASA Joins Bittensor Subnet Ecosystem as First and Only Live TokenMasa’s token, $MASA, now becomes the only live token for any subnet in the Bittensor ecosystem. In addition, Masa Protocol and Masa Bittensor Subnet validators and workers can earn dual-token staking rewards in $MASA and $TAO. Masa Foundation-owned TAO from operating the subnet will be used to support $MASA through buybacks or distributions as part of the emissions schedule. Masa was the first AI project to debut on CoinList in 2024 via a 17-minute public sale in March. Over the last 2 years, Masa has grown to over 1.6 million contributors and over 100 developers in its network, where individuals earn by contributing data. Masa’s ecosystem of contributors, developers, and validators is expected to significantly enhance Bittensor’s performance and utility.About MasaMasa is a decentralized AI network, where people earn by contributing data. AI developers can build anything, anywhere with the world’s data. Users are welcome to join Masa’s mission to create Fair AI, powered by the people.ContactPR ManagerLauren BukoskeySerotoninlauren@serotonin.coThis article was originally published on Chainwire More

ShardLab, the innovation arm of the leading global Web3 venture capital firm Hashed, is announcing the launch of its web application powered by account abstraction(AA) and zero-knowledge (zk) technology. This app introduces a transformative way to utilize decentralized identity (DiD) and distribute vouchers seamlessly.Building on the success of the Southeast Asia Blockchain Week (SEABW) 2024, where ShardLab showcased the potential of NFTs for practical applications, this new app extends the utility of blockchain technology into everyday use. During the event, attendees experienced firsthand the convenience of blockchain-powered transactions with NFT vouchers at ICONSIAM, demonstrating the efficiency and security these technologies bring to real-world retail environments.The user experience was further enhanced by the smooth integration of the NFT vouchers with the point-of-sale (POS) systems at over 60 restaurants and shops at ICONSIAM. Attendees could easily redeem their vouchers by scanning a QR code, which automatically deducted the voucher amount from the bill. This implementation demonstrated the practicality and efficiency of blockchain technology in a real-world retail environment.See full videoFeatures of the official SEABW Application:- Digital Identity Verification: Leveraging zero-knowledge proofs (“ZKP”), the app allows users to confirm their identity without sharing private information, enhancing privacy and security.- Web3 Digital Voucher Payment: Users can receive and redeem vouchers in QR code minted in NFT, directly through the app, which are easily managed and used at participating venues, simplifying the transaction process.The app also incorporates account abstraction (“AA”), making it user-friendly and accessible to a broad audience. Account abstraction simplifies the crypto wallet experience, allowing users to interact with blockchain applications with the ease of traditional digital wallets.About ShardLabShardLab is dedicated to fostering mass adoption of Web3 technologies in Southeast Asia. As an innovation arm of Hashed, ShardLab builds ecosystems and collaborations that bring innovative disruptions using Web3 technology, making it accessible and empowering communities in this dynamic digital frontier.About HashedHashed, a team of blockchain experts and builders based in multiple global locations, invests in and supports the development of decentralized and blockchain technologies. By participating as core technical contributors, Hashed accelerates the mass adoption of blockchain, transforming the global economy and the internet’s fabric.ContactMr Tinfo@shardlab.comThis article was originally published on Chainwire More