Cryptocurrency

Fund flow data showed digital assets marking a third straight week of outflows, although sentiment appeared to be improving after steep outflows through June. Bitcoin climbed 0.1% in the past 24 hours to $62,736.2 by 08:28 ET (12:28 GMT). The world’s biggest cryptocurrency was nursing steep losses through June, and remained within a trading range of $60,000 to $70,000 seen through most of the second quarter.Sentiment towards Bitcoin showed limited signs of improving, especially as the managers of Mt Gox said they will begin distributing Bitcoin stolen during a 2014 hack in early-July, returning the tokens to clients of the exchange. Mt Gox was seen mobilizing about $9 billion worth of Bitcoin earlier this year, although it remained unclear how much the distributions will entail. But traders speculated that receivers of Bitcoin will be more inclined to sell, given that the token grew exponentially in the past decade.Such a scenario presents outsized selling pressure on Bitcoin, which is likely to pressure prices. Among broader crypto tokens, altcoin prices tread water as traders remained averse to crypto ahead of key signals on U.S. interest rates.Ether fell 0.25%, while ADA and XRP rose more than 4% and 1%, respectively.Among meme tokens, DOGE slipped 0.6%, while SHIB added 1.1%.Market focus was squarely on an address by Federal Reserve Chair Jerome Powell later on Tuesday.Beyond that, the minutes of the Fed’s June meeting are due on Wednesday, while key nonfarm payrolls data is due on Friday.Crypto took limited support from increased expectations of a September rate cut by the Fed, as traders remained largely biased towards the dollar.Bitcoin bulls may enjoy the upcoming few weeks as potential seasonal cycles could boost the price of the largest cryptocurrency after months of declines and rangebound trading.Historically, July has been a bullish month for crypto and risk assets. On July 1, 2024, U.S.-listed ETFs saw nearly $130 million in inflows, marking the highest since early June, following more than $900 million in outflows throughout the month.“Bitcoin has a median return of 9.6% in July and tends to bounce back strongly, especially after a negative June (-9.85%),” said Singapore-based QCP Capital in a Telegram broadcast.“Our options desk also saw flows positioning for an upside move last Friday into the month-end, possibly in anticipation of the ETH spot ETF launch. Many signs point to a bullish July,” QCP added.Over the past decade, Bitcoin has averaged gains of more than 11% in July, with positive returns in 7 out of 10 years. Crypto fund Matrixport highlighted in a 2023 report that July returns from 2019 to 2022 were approximately 27%, 20%, and 24%, respectively.Data from digital asset manager Coinshares showed on Monday that capital outflows from crypto investment products slowed sharply in the week to July 1.But trading volumes remained well below 50% of their weekly average so far this year, as retail interest in crypto once again appeared to be cooling.Ether-linked products saw the heaviest outflows in the week, despite reports suggesting that the Securities and Exchange Commission (SEC) could approve a spot Ether ETF as soon as this week. More

In the last two weeks of June, SubWallet announced support for Polkadot Kusama bridge and Polkadot Ethereum bridge on its browser extension, followed by the integration of the Asset Conversion pallet on its web dashboard that allows swapping among DOT, USDT, and USDC on the Polkadot Asset Hub network. These bridges and swaps are important updates that expand use cases of the Polkadot ecosystem, and SubWallet is the first to support them on a sleek UI with easy UX.Unlike the majority of current bridges which are centralized to some extent, the Polkadot bridges are fully trustless and thus significantly reduce risks. For now, users can securely bridge DOT and KSM between Polkadot Asset Hub and Kusama Asset Hub, and several tokens including WETH and WBTC between Polkadot Asset Hub and Ethereum.Another highlight in Q2 2024 is the Asset Conversion pallet on Polkadot Asset Hub that allows swapping between assets registered on the network. Ever since its inception, Polkadot Asset Hub has been wired to become the liquidity hub of the entire ecosystem, and the Asset Conversion pallet going live marks the crucial first step towards realizing that vision.The quick integration received enormous support from the community. The official Polkadot X account reposted the announcements, followed by numerous KOLs making reposts.With the mission of onboarding more users to the Polkadot ecosystem, SubWallet will continue to support new ecosystem updates as quickly as possible so that users will have an easy UX to try out these features. Follow them on X to stay up-to-date!About SubWallet With 1.6M+ installs and 800K+ active users and devices, SubWallet is the most used and most comprehensive non-custodial wallet solution for Polkadot, Substrate & Ethereum ecosystems. With the mission of bringing users closer to Web3, we envision a Web3 multiverse gateway through which users can enjoy multichain services with utmost ease and absolute security. Connecting and using blockchain-based applications is smoother than ever with SubWallet Browser Extension, SubWallet Mobile App, and SubWallet Web Dashboard. SubWallet is backed by the Polkadot Treasury, Moonbeam Foundation, and Polkadot Alpha Program.ContactCGOKate HaSubWalletkate@subwallet.appThis article was originally published on Chainwire More

Memereum, offering the first blockchain insurance, through its decentralised exchange MemeSwap, has seen a surge of demand in its presale, with recently selling over 1M tokens just within a few hours and nearing 26 million tokens sold on its presale.Bitcoin Price Experiences UncertaintyDespite the recent rebound in Bitcoin’s price, short-term holders are currently experiencing losses. This situation could influence selling activity, potentially leading to the $65,000 support level breaking down according to CoinDesk.What does Memereum offer?Recently, Memereum has launched the first decentralised exchange MemeSwap with specific tokens in their Beta version, covered with its insurance. It also aims to offer insurance against devaluation of fiat currencies and metal coins.Memereum PresaleWith the current presale price set at $0.041 and the launch price anticipated by the team to be potentially higher by 10x, Memereum offers an opportunity for early investors to enter at a low price with the potential for returns. The presale structure includes a strategic price increase every 72 hours, aiming to encourage early participation.Staking Rewards ProgramMemereum states they have an automatic staking system with 183% annual percentage yield (APY). This yield aims to attract participants by providing notable rewards, positioning Memereum as an option for those interested in exploring new opportunities in the crypto space.About Memereum (MEME)The potential attraction to Memereum (MEME) can be attributed to its innovative approach in the blockchain sector and its growing community support. Memereum is the first blockchain insurance with an integrated DEX for supported token trading. Users can learn more about Memereum by clicking here.ContactBessie CooperMemereumsupport@memereum.netThis article was originally published on Chainwire More

Solciety has raised over $619,000 in the first two weeks of its presale, capitalizing on the rising popularity of PolitiFi and Solana meme coins.The platform’s community, now over 15,000 strong on Twitter and Telegram, has significantly contributed to early presale activity. This growth aligns with notable trends such as PolitiFi’s market cap exceeding $1 billion and SOL meme coin Popcat achieving a +18,000% increase between January and May.The Solciety presale offers an opportunity to buy in early at a discounted price. The 15-stage presale currently offers SLCTY tokens at $0.002222, with 3% price increases at each stage until conclusion. This structured pricing aims to incentivize early participation. Post-presale, SLCTY will be open for public trading.Solciety (SLCTY) tokens are available to purchase on the Solciety website.This makes for a powerful community – the foundation of any long-lasting meme coin. The team is rewarding its communities with a number of fun giveaways that will be paid out regularly, starting with a $1000 giveaway that launched on X last week.Bolstering Solciety’s viral potential is its Meme Campaigner, a meme-generation tool. Using characters like Donald Pump or Kim Wrong Un, degens can generate satirical political memes, with top creators being rewarded for their efforts – 10% of SLCTY’s total supply is earmarked for these rewards. This mechanism creates a huge incentive for degens to become Solciety’s best marketing channel and place Solciety branded content anywhere a degen could be lurking.Solciety’s tokenomics are also set up to produce a rally when public trading gets underway. 20% of tokens are set aside for marketing to push the message of degen democracy far and wide, and a further 17% of supply is reserved for liquidity to help trading run smoothly when DEX trading begins.The sector now boasts a $1 billion+ market cap, coming from practically out of nowhere after its inception less than a year ago. As the US election in November approaches, PolitiFi could benefit from building PR.Meanwhile, leading exchange Kraken recently listed two key PolitiFi tokens, TREMP and BODEN, solidifying the sector’s status in the crypto space.Solana meme coins also continue to show impressive trade volume, with a 24-hour average of over $1 billion and a combined market cap of over $7 billion at press time. With Solciety positioned within these trending sectors, it has the potential to become a leading token. Users can currently buy SLCTY at $0.002222.Solciety (SLCTY) tokens are available to purchase on the Solciety website.For more information and to buy Solciety (SLCTY), users can visit the website.Website | Whitepaper | SocialsContactSolcietymarketing@solciety.ioThis article was originally published on Chainwire More

This happened while the world’s largest cryptocurrency, Bitcoin, recaptured the $63,000 level overnight and then lost it again today. Over the past 24 hours, BTC went from $61,825 to $63,600, rising by almost 3%. As of now, Bitcoin is trading at $62,710.Mow cited “Omega Law” to state that he believes Bitcoin to be “incredibly undervalued now.” “Omega” here refers to “Omega candles,” which Samson keeps expecting to take BTC to $1 million, practically overnight, “soon.” His “soon,” however, covers this year or next, according to his recent tweets, where he stated that he “knows” BTC is heading for $1 million.In a recent interview, Mow said that even if Bitcoin does not reach $1 million in 2024 or 2025, this time is still pretty close. The JAN3 boss’s estimation is based on the fact that spot Bitcoin ETFs continue to accumulate Bitcoin actively and have been doing so since the middle of January, when the issuers got approval from the SEC to launch those products.Among those companies were BlackRock (NYSE:BLK), Fidelity, VanEck and Grayscale. The ETFs created a Bitcoin demand shock, while the fourth BTC halving that occurred on April 20 created a supply shock for BTC, according to Mow’s earlier tweets. Once these two “Bitcoin shocks” meet, the price will skyrocket above $1 million.Over the weekend, Mow commented on Bitcoin sales that are taking place at the moment. The JAN3 boss believes that the market will be able to absorb them all.This article was originally published on U.Today More

The PLYR Gaming Blockchain mainnet is set to launch as an Avalanche Subnet today on July 1st, 2024. This significant milestone marks the beginning of a new era in crypto gaming, aimed at creating a seamless and interconnected gaming universe that spans multiple blockchains.What is PLYR Gaming Blockchain?PLYR Gaming Blockchain is an advanced platform designed to revolutionize the gaming experience by leveraging blockchain technology. It focuses on creating a decentralized, secure, and transparent environment where players can truly own their in-game assets, enjoy thrilling play-to-earn opportunities, and engage in a dynamic gaming community.Multichain EmpowermentPLYR Gaming Blockchain is designed to empower crypto gaming by connecting all chains. This multichain approach ensures that players from various blockchain communities can interact, trade assets, and participate in games without limitations. By bridging these chains, PLYR enhances interoperability and inclusivity within the crypto gaming ecosystem.Key Features of PLYR Gaming Blockchain1. Cluster Nodes: Cluster nodes are the cornerstone of the PLYR ecosystem, allowing users to participate in the network’s governance and earn rewards. By operating a cluster node, users contribute to the decentralization and security of the platform.2. PLYR-ID: PLYR-ID is a unique decentralized identity solution that provides players with a unified identity across all games and platforms within the PLYR ecosystem. This feature ensures seamless access and a personalized gaming experience.3. PLYR-AUTH: PLYR-AUTH provides secure and seamless authentication across all PLYR-enabled games and services. Additionally to PLYR-ID, the InstantPlayPass feature simplifies the login process and enhances security by leveraging decentralized authentication methods, ensuring a smooth and secure gaming experience for all users. This innovative feature allows players to quickly jump into games without lengthy sign-up processes.4. PLYR-API: PLYR offers a comprehensive suite of tools for game developers, including SDKs and APIs, to integrate blockchain functionality into their games effortlessly. These tools simplify the development process and enable the creation of innovative, blockchain-powered games.5. Sidekick App: The Sidekick app is designed to enhance the gaming experience by providing players with real-time mobile updates, notifications, and easy access to their assets and rewards. It acts as a companion app, keeping players engaged and informed.6. Gamestake: Gamestake rewards players and active participants of the platform with $GAMR tokens. These tokens can be used to participate in games on the PLYR chain, creating a vibrant and rewarding ecosystem. By participating in Gamestake, players can maximize their engagement and enjoyment while earning valuable rewards. More details can be found on the Gamestake page.7. Web3 Games Marketplace: The PLYR crypto games marketplace is a hub for discovering and purchasing games. It features a wide variety of games including both Web2 and Web3 games.8. In-House Developed Games: PLYR has developed several exciting games, including:About PLYRThe PLYR Subnet is a dedicated blockchain network on the Avalanche platform, optimized for the gaming industry. It offers low-cost, fast, and secure transactions, enabling seamless in-game purchases, asset transfers, and reward distributions. With a strong focus on interoperability, the PLYR Subnet integrates with over 200 blockchain networks, providing a robust and scalable foundation for cross-chain gaming experiences and innovative decentralized applications. This specialized subnet empowers developers and gamers with efficient, high-performance solutions tailored to the needs of modern gaming.The groundbreaking launch on July 1st, 2024, marks a significant milestone in the gaming industry. The PLYR Gaming Blockchain is set to become a major player in the future of gaming, building on the successes of platforms like Gala, Immutable, and Beam.ContactProject ManagerSilverlakePLYR Gaming Blockchainsilverlake@onplyr.comThis article was originally published on Chainwire More

GoMining, a premier Bitcoin mining company operating nine data centers worldwide, has announced the next step of their integration with The Open Network (TON). The utility token of the GoMining ecosystem, GOMINING, is now available on the TON blockchain. According to the company’s statement, 20,000,000 ERC-20 GOMINING tokens have been burned to issue an equal amount of GOMINING jettons (a digital token standard for The Open Network blockchain).Similar to the already supported Ethereum (ERC-20) and Binance Smart Chain (BEP-20) standards, the TON-native GOMINING tokens can be utilized for GoMining NFT purchases and upgrades, as well as for covering maintenance fees with an additional 10% discount.To celebrate the release of the GOMINING jetton, the platform has announced a festive 5% cashback for early in-app purchases covered with TON-native GOMINING tokens. To participate in the campaign, users must buy GOMINING tokens on TON and deposit them to an in-app virtual wallet to create and purchase an NFT miner from The Mine Box collection or upgrade any existing one before July 8th. The cashback will be paid out directly to their in-app wallets. As a cherry on top, one lucky participant will receive a free GoMining PFP (digital avatar), which provides additional mining bonuses for GoMining ecosystem participants. More information about the cashback campaign is available here.About GoMiningGoMining is a global bitcoin mining company with nine data centers worldwide. Leveraging over 6 years of expertise in the crypto industry, GoMining facilitates seamless global access to daily BTC mining rewards through the ownership of GoMining NFTs, backed by real computing power.GoMining NFTsVirtual miners are NFTs by GoMining, backed with a real share of computing power ranging between 1 and 5,000 TH/s, depending on the NFT and its level. Each NFT can be easily upgraded in both computing power and energy efficiency attributes, allowing holders to scale their output with just a few clicks. BTC mining rewards for holding an NFT are delivered daily to any wallet, whether internal or external, of the holder’s choice.GOMINING TokenThe native token of the GoMining ecosystem, GOMINING, is accessible on both the Ethereum (ETH), Binance Smart Chain (BSC) and The Open Network (TON) blockchains. The token is currently available on various exchanges, including Gate.io, Bitfinex, Bitget, MEXC, and Uniswap.GOMINING is utilized for various on-platform payments, including NFT purchasing and upgrading, as well as granting access to an additional 10% discount for electricity fees.ContactSeva NauGoMiningv.naumov@gomining.comThis article was originally published on Chainwire More

Bybit, the world’s second-largest web3 platform by trading volume, today announced its premier sponsorship of the IVC Official Opening Party on July 4th. IVC will deliver the most thrilling theme park experience with an array of exhilarating attractions that includes the iconic Evangelion Kyoto base at the only Jidiageki theme park in Japan.IVC (Infinity Ventures Crypto) is a Web3 venture capital firm that invests in pioneering game, Web3, infrastructure, and DeFi projects. IVC leverages its global connections to innovate, build, and propel forward the next generation of founders.Bybit MEGA Warrior Brings Web3 to LifeIVC will bring Bybit’s iconic MEGA Warrior NFT character to life, giving guests the opportunity to interact and win exclusive rewards. The “Adventures with Bybit MEGA Warrior” campaign is in full swing, offering a chance to win limited Bybit MEGA Warrior NFTs, opening party ticket, passes of Largest Web3 Conference in Japan, and other prizes.Attendees can also look forward to:Luc van Hecke, Bybit’s spokesperson, will be sharing his expertise and joining the dialogue at IVS Crypto 2024.”Bybit’s activations will undoubtedly be a highlight, immersing attendees in the convergence of digital and physical worlds,” said an IVC spokesperson. “Their sponsorship elevates this opening party to new heights of innovation and excitement.”About BybitBybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers 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 of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More