Cryptocurrency

Memereum Achieves Significant MilestoneMemereum (MEME) sold over 1 million tokens within hours of its presale, reaching a total of over 24 million tokens sold in it’s current presale phase. The team views this rapid progress as an indication of strong market demand and confidence in Memereum.Innovative Features of MemereumUpon launch, Memereum will introduce MemeSwap, the first decentralized insured exchange. A beta version of MemeSwap is currently live and accessible on their website. This platform aims to provide a secure trading environment, leveraging decentralized insurance mechanisms to protect users’ investments. MemeSwap aspires to enhance security and user confidence in the crypto exchange market.Staking Rewards ProgramMemereum includes an automatic staking system with a 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.Memereum PresaleWith the current presale price set at $0.04 and the launch price anticipated by the team to be $0.45, 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.Market PresenceAlready listed on three exchanges ( BitVenus, Toobit, and Azbit), Memereum is poised to make a significant impact in the cryptocurrency market. Memereum’s ability to sell over 1 million tokens within hours of its presale launch marks a significant achievement and highlights its potential in the cryptocurrency market. ConclusionAs the cryptocurrency market continues to recover, Memereum is strategically positioned to benefit from this momentum. The next few months are crucial as Memereum executes its plans and builds on its early achievements. With a dedicated team, robust community support, and a clear vision, Memereum aims to make a lasting impact in decentralized finance.For more details and how to participate in Memereum’s ongoing presale, users can visit Memereum’s website.About Memereum (MEME)The strong interest in 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. Learn more about Memereum by clicking here.ContactBessie CooperMemereumsupport@memereum.netThis article was originally published on Chainwire More

Beyond market trends, FLOKI has emerged as a significant entity in the meme coin sector. Its success is driven by practical applications, a robust presence, and a dedicated community.A key factor behind FLOKI’s prominence is its strong community support. Notable mentions include a tweet from Elon Musk’s parody account with 207k followers, stating, “FLOKI objectively offers much better utility than other memecoins on the market.” Crypto analyst Crypto_Scofield also praised FLOKI’s rapid development, noting its leadership among major meme coins like $PEPE, $WIF, and $BONK.Social Media and Community EngagementData from LunarCrush, a social media analytics tool shows that, in the last six months, FLOKI’s social interactions skyrocketed by 320%, and its social dominance was up 109%. Social Dominance measures the “share of voice” across social media, as per LunarCrush.FLOKI has been actively pursuing new developments to strengthen its ecosystem. The team introduced a trading bot and achieved major listings, like Kraken adding FLOKI to its exchange listing roadmap, just in the last 24 hours.FLOKI introduced a Telegram based trading bot tool that enables holders to trade any token on the BNB Chain network. Public availability is expected in mid-June. The service will later be expanded to the Ethereum and Base blockchains. The bot, requiring FLOKI tokens for use, aims to increase token demand through a fee structure that supports buying pressure. The bot charges a 1% fee on every transaction, with 50% of the collected fees used to buy FLOKI on the open market, thus contributing to buying pressure.Some other examples of utility include FLOKI launching a decentralized domain name service on the BNB Chain mainnet. This service allows users to create .FLOKI domain names, representing their on-chain identities.FLOKI roadmap shows that it is in talks to offer digital banking accounts in partnership with a licensed fintech firm. Users can link these accounts to FLOKI debit cards for smooth transactions in euros, US dollars, and more.Another major project in progress is the launch of Valhalla, FLOKI’s play-to-earn NFT gaming metaverse.Furthermore, FLOKIFi Locker Protocol has also been integrated into DEXTools. Collaborations with Inverse Finance and Venus Protocol allow users to stake their FLOKI tokens and use them as collateral for borrowing major cryptocurrencies like BTC and ETH.The partnership goes beyond the ecosystem, i.e IRL events too.Looking ahead, FLOKI’s marketing efforts are likely to be even more impactful than in the past. As explained in a tweet by Sabre (NASDAQ:SABR), Advisor, Creative Marketing Director, FLOKI, the past marketing partnerships are likely to be eclipsed by what’s to come.Sports PartnershipsTo name a few, FLOKI became the sleeve sponsor for Kerala Blasters FC, a popular soccer team in India. Along with being the shirt sponsor of The India Maharajas. This partnership introduces the FLOKI brand to over 700 million cricket fans globally.FLOKI and its sister token, TokenFi, also formed a strategic marketing partnership with two legendary cricket teams, the Manipal Tigers and the Bhilwara Kings.The team also partnered with Spanish soccer team Cádiz CF, part of the La Liga division. The FLOKI logo features prominently on the jerseys and LED displays of SSC Napoli and at events hosted by World Table Tennis (WTT), reaching over half a billion Tennis fans.Last but not the least, FLOKI appeared on the Alfa Romeo F1 Team ORLEN cars in 2022 throughout the season.Marketing and Strategic PartnershipsFLOKI has launched several aggressive marketing campaigns to boost adoption and awareness worldwide. The platform anticipates that upcoming initiatives will surpass the impact of previous efforts.In Nigeria, the team announced a three-month campaign targeting the country’s high percentage of crypto users, including advertising on major news platforms and business publications and collaborating with 16 digital influencers to reach over 93 million people.In Vietnam, FLOKI initiated a comprehensive campaign aimed at the crypto user base with extensive advertising and local events to engage the community and build brand loyalty. Vietnam, which ranks 15th in global population, also has one of the highest crypto adoption rates.FLOKI has also made strides in Turkey, featuring prominently on television with commercials on popular channels to leverage Turkey’s large and active crypto community. In the Middle East and North Africa (MENA) region, FLOKI’s marketing initiatives include high-profile campaigns in countries like the UAE, where crypto adoption is rapidly growing.In the United States, FLOKI executed high-visibility billboard campaigns, notably in New York City’s Times Square prime location beside the Nasdaq billboard in Times Square, capturing the attention of hundreds of thousands of passersby.FLOKI’s educational initiatives include regular AMA sessions. These sessions provide transparency and allow direct engagement with the community.With TokenFi joining its ecosystem, FLOKI plans to tap into the growing tokenization industry, projected to be worth $16 trillion by 2030, according to BlackRock (NYSE:BLK) CEO Larry Fink.Summarizing FLOKI’s strategy, Sabre explains it well: “attract retail investors, run impactful marketing campaigns, and leave a lasting impression.”Financial and Ecosystem MilestonesMeanwhile, the FlokiFi platform has a total value locked (TVL) of $110.56 million secured through 2,372 locks. It supports 16 different blockchains and has locked 86 NFTs. Moreover, over 2.3 trillion FLOKI tokens, valued at $436.61 million, have been secured in the FLOKI staking program.In a show of strong support, DWF Labs said it will purchase $12 million in FLOKI tokens. This purchase will be a mix of market acquisitions and tokens from the Floki treasury.As of 2024, FLOKI has been one of the top performers, rising more than sixfold year-to-date. About 86% of FLOKI holders are in profit, according to data from IntoTheBlock.About FlokiFloki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and most used cryptocurrency and intends to achieve this ambitious goal through a focus on utility, philanthropy, community, and marketing.Floki currently has 490,000+ holders and a strong brand recognized by billions of people worldwide due to its strategic marketing partnerships.Website: https://floki.comTwitter: https://twitter.com/RealFlokiInuContactCommunity Relations OfficerPedro VidalFlokiMarketing@Floki.comThis article was originally published on Chainwire More

The forthcoming crypto desk is nearing operational readiness and is set to become an integral component of the bank’s foreign exchange (FX) trading division. The initiative, which is shrouded in confidentiality, has been shared by individuals who prefer to remain anonymous due to the sensitivity of the information.Slated to be managed from London, the crypto trading desk will mark a significant pivot toward digital assets for Standard Chartered, a bank with a storied history in traditional finance. This move signals the bank’s recognition of the growing importance of cryptocurrencies on the global financial landscape.Standard Chartered is one of several prominent banks expanding its tentacles into cryptocurrency as institutional use grows. It has investments in two cryptocurrency companies, Zodia Custody and Zodia Markets, which provide services ranging from custody to over-the-counter trading.In recent Bitcoin news, Australia’s largest equities exchange listed its first spot Bitcoin (BTC) exchange-traded fund (ETF) on Thursday, as global demand for an easy way to invest in cryptocurrencies grows.The VanEck Bitcoin ETF (VBTC) began trading on the Australian Securities Exchange (ASX), which accounts for 90% of the country’s equity market.In the past day, Michael Saylor, CEO and cofounder of MicroStrategy, stated that the company has acquired an additional 11,931 BTC for approximately $786 million, utilizing revenues from convertible notes and excess cash at nearly $65,883 per Bitcoin. MicroStrategy now owns 226,331 BTC, purchased for roughly $8.33 billion at an average price of $36,798 per Bitcoin.This article was originally published on U.Today More

This data was shared by popular cryptocurrency journalist and blogger Colin Wu on his X account. Wu specified that Grayscale’s ETF, GBTC, lost $53.1 million in a single day. BlackRock’s ETF IBIT faced an outflow of $1.4791 million. However, currently, IBIT holds a total of $17.643 billion in BTC holdings.Over the past five days, Grayscale has lost $232 million. This is still less than what has been lost by Fidelity (FBTC) over the same period of time — $413 million.These outflows have been taking place while, this week, the world’s flagship cryptocurrency, Bitcoin, gradually plunged by nearly 5.2% as it lost the $67,000 price level. At the time of this writing, BTC is changing hands at $63,880.In the last year, he traded large amounts of BTC twice, making a healthy profit on each those trades — more than $30 million overall.In one of these large trades, the trader purchased 718 Bitcoins between August and November last year at roughly $29,385 and then sold them at $41,953 in December, earning $9 million (+43%).The second trade concerned the 1,181 BTC he bought between February and May 13 this year. The whale sold this Bitcoin on May 27 and June 20, earning $21.2 million (+37%).This article was originally published on U.Today More

Redrock Biometrics, Inc. (“Redrock”) has issued a statement concerning false allegations made by Forgame Holdings Limited (“Forgame”) against HumanCode AI and Redrock. The Redrock board refutes the allegations of corporate theft and deception and condemns their public dissemination.The Redrock Board of Directors has expressed its shock at Forgame’s release of factually distorted news issued on June 20. The board has further clarified that Forgame is a convertible bondholder with no equity stake in Redrock.Redrock and HumanCode AI maintain a strategic partnership that is formalized through a signed IP and software licensing agreement with all fees duly paid. This collaboration is supported by the board, who highly value this partnership.The board has initiated communication with Forgame with a view to clarify the facts and rectify the inaccurate information that has been published. The Redrock board has further stressed that it is resolute in supporting HumanCode AI to pursue all necessary legal actions to protect its legitimate rights.About Redrock BiometricsRedrock Biometrics, Inc. is the creator of PalmID, a patented palm-print based authentication software development kit and platform. PalmID is the first commercially-available solution combining high-performance, secure, contactless and affordable palmprint biometrics . The company was founded in 2015 and is headquartered in San Francisco. Partners include Mastercard (NYSE:MA), Qualcomm (NASDAQ:QCOM), NCR (NYSE:VYX), and NRI.Learn more: https://www.redrockbiometrics.com/ContactCMOSteve Rockmancontact@redrockbiometrics.comThis article was originally published on Chainwire More

Per data from SoSoValue, a total of $139.98 million left spot Bitcoin ETFs on June 20. Grayscale Investments’ GBTC turned out to be the biggest loser, with a total outflow of $53 million. Fidelity Investments came second, with investors pulling out $51 million.Bitwise (BITB) also saw a total outflow of $32 million, while VanEck recorded $4 million in capital drain relative to its size. Invesco Galaxy Digital’s offering saw a total of $2 million.Not all the spot Bitcoin ETF products recorded outflows as BlackRock’s iShares Bitcoin Trust (IBIT) broke the trend. The product recorded a daily volume of $565 million, while the net inflow came in at $1 million. There is a very thin line between Bitcoin ETF inflows and outflows, and from current market data, the products in question all showcased some form of an uptick in trading volume.Over the past week, spot Bitcoin ETF products have recorded a net outflow of $900 million as June 20 marked the fifth straight day of outflows. This marks the product’s worst performance since mid-April, shortly after the short inflow stint mid-month.The impact of these bearish Bitcoin ETF trends has also trickled down to the lackluster performance of BTC. Over the past 24 hours, the price of the coin has dropped by 2.8%, and it is trading at $63,784.68. Bitcoin’s trading volume is up 33.93% to $25,990,936,338, shining a light of confidence.With this rebooted sentiment and hopes for a rebound on the spot Bitcoin ETF market, the price of the coin might reroute its trend in the short term.This article was originally published on U.Today More

Bitcoin was trading down 3.5% at $63,665.8 by 09:07 ET (13:07 GMT), the lowest level in more than a month. Despite the drop, the premier cryptocurrency remained squarely within a $60,000 to $70,000 range seen over the past few months.U.S.-listed spot Bitcoin ETFs recorded their fifth consecutive day of outflows on Thursday, with over $900 million withdrawn so far this week.According to data from SoSoValue, the 11 listed ETFs lost $140 million on Thursday, with trading volumes reaching $1.1 billion. Grayscale’s GBTC, which has experienced frequent outflows since its conversion to an ETF in January, led the outflows with $53 million, followed by Fidelity’s FBTC at $51 million.BlackRock’s IBIT, the largest ETF by assets, was the only product to see net inflows, gaining $1 million. Other ETFs saw no significant net inflow or outflow activity.This recent outflow activity is the worst since late April, when total net outflows reached $1.2 billion during trading sessions from April 24 to May 2. Inflows picked up thereafter, adding more than $4 billion over the following 19 trading days, before the current wave of outflows began on June 10.Bitcoin prices have struggled in recent weeks due to $1 billion in sales from large holders, a strong U.S. dollar, and a robust U.S. technology index market.Altcoins followed Bitcoin prices into the red, with the no.2 cryptocurrency ETH/USD sliding 3% to $3,482.90 at the time of writing. Meanwhile, other major altcoins such as XRP, ADA/USD, and Solana lost between 2% and 5%.Among meme coins, DOGE/USD fell 1.8% and SHIB/USD dipped 4.3%. More

W3GG is excited to announce the launch of an exclusive private sale of its W3GG tokens, starting on July 1, 2024. This sale offers community members a unique opportunity to purchase tokens at an initial price of $0.05 each.The private sale is structured to be inclusive, ensuring that all community members can participate. This approach reflects W3GG’s dedication to community-driven growth and rewarding early supporters. Only $250,000 worth of tokens will be available, exclusively for W3GG’s Soulbound Token (SBT) holders, with purchase options ranging from $25 to $5,000 per wallet.To participate in the sale, community members must meet the following requirements:• Have a W3GG account• Possess a W3GG SBT• Complete KYC on presale.w3gg.io• Have more than 1500 WXP“This initiative underscores W3GG’s commitment to empowering its community and fostering a robust, inclusive gaming ecosystem” said Irene Umar, Founder of W3GG. “Early supporters will benefit from the favorable pricing, reflecting the company’s dedication to rewarding loyalty. We are thrilled to launch the W3GG Community Round Private Sale. This is a pivotal moment in our vision to bringing gaming beyond play. We aim to create a vibrant, inclusive environment where gamers and developers can thrive.”The announcement comes at a time when Web3 gaming is experiencing substantial growth. According to CoinGecko, 29 of the world’s 40 biggest game studios are investing in Web3 gaming, with seven actively developing their own Web3 games in-house. Game7’s State of Web Gaming report indicated that at least $15 billion of institutional investment has recently moved into space. This influx of research, development, talent, and investment is now yielding significant outputs in the Web3 gaming space.W3GG is leading this charge, with strong backing from industry giants such as IVC, YGG, and Animoca Brands. The company has strategically invested in over 70 cutting-edge games, including Dark Times, Heroes of Mavia, APEIRON, and Nyan Heroes. These strategic investments highlight W3GG’s pioneering role in shaping the future of Web3 gaming and advancing the industry’s development.For more information on the W3GG Community Round Private Sale and to check eligibility requirements, please visit W3GG’s Litepaper.About W3GG:W3GG connects over 3 million gamers across five countries and serves as the exclusive partner of Yield Guild Games (YGG) in Southeast Asia. The company focuses on creating a social-first gaming ecosystem that promotes personal development and meaningful connections among gamers, transforming players into vital contributors and community advocates.For further details, visit W3GG’s official website.ContactCGOJosh GierW3GGcontact@w3gg.ioThis article was originally published on Chainwire More