Cryptocurrency

Bitcoin and crypto-related stocks remain underrated and are ripe for institutional inflection as pessimism from past regulatory hurdles fades, the analysts wrote in a note on Thursday.”We remain convinced in our Bitcoin new cycle thesis,” the analysts wrote, adding that Bitcoin has been increasingly adopted by institutional investors and global asset managers. This adoption, they believe, is just the beginning, with the next wave of demand expected to come from crypto bystanders.The note highlights that Bitcoin ETFs are far from done. Since BlackRock (NYSE:BLK) filed its Bitcoin ETF application on June 15, 2023, Bitcoin has surged by 150%. While early Bitcoin ETF allocations were driven by retail investors, with institutional share at 22%, Bernstein sees strong growth ahead. “We see Bitcoin ETFs as on the cusp of approvals at major wirehouses and large private bank platforms in Q3/Q4,” the analysts noted.The report also addresses the skepticism from bears who argue that ETF flows are not genuine, pointing out that institutional interest is initially driven by the basis ‘cash & carry trade’ rather than ‘net long’ positions. However, Bernstein views this basis trade as a “trojan horse” for adoption, with these investors gradually evaluating ‘net long’ positions as they become comfortable with improving ETF liquidity. They expect Bitcoin ETF inflows to accelerate in the third and fourth, viewing the current market as offering new entry levels before the next wave of institutional demand picks up.Bernstein’s analysis also reveals that Bitcoin’s portfolio allocations have ample headroom for growth. Thirteen-F filings show that 22% of AUM is driven by institutional investors, with hedge funds accounting for about 36% of the institutional allocation. The analysts believe that the next step for these investors is to evaluate ‘long’ positions. They also highlight that financial advisors, primarily small to mid-sized with 0.1-0.3% of their portfolio allocated to Bitcoin ETFs, are beginning to drive actual demand. “We believe growth will be driven by larger advisors approving ETFs and substantial allocation headroom within existing portfolios,” the note said.Bernstein draws a parallel between Bitcoin’s current price levels and previous cycles, suggesting that Bitcoin in the $60Ks today is equivalent to Bitcoin under $10K in June 2020. “Bitcoin, despite its rally, is still in an early cycle and we see it as attractive here,” they noted. Asset managers have every incentive to push harder on marketing and distribution to scale their crypto business,” the note concluded. More

Solciety, a prominent player in the PolitiFi meme coin sector, has successfully raised over $300,000 within the first 48 hours of its presale, which commenced at 14:00 UTC on 18th June. The presale is scheduled to run for 30 days, concluding on 18th July.The presale success aligns with the heightened interest in PolitiFi tokens during this significant US election year. Solciety aims to capitalize on this trend, appealing to a broad audience with its unique “political party for degens” branding.Solciety invites all interested parties to participate in discussions on its social channels.A total of 3 billion out of the 10 billion Solciety tokens are available for purchase this month before the coin becomes available for public trading. The presale includes price increases every 72 hours by smart contract, offering early supporters an opportunity to purchase tokens at a lower rate. Stage 1 buyers can acquire tokens at $0.0015, with the price set to reach $0.0040 by the end of the presale, resulting in a 169% price increase for the earliest participants.Solciety combines elements of SOL meme coins and PolitiFi, both of which have shown strong performance in the current crypto market.Solciety (SLCTY) tokens are available for purchase on the Solciety website.To incentivize content creation, 10% of the SLCTY token supply (one billion tokens) is allocated to reward prolific meme creators. This initiative aims to increase the project’s visibility across social media, leveraging the 2024 election cycle for further outreach.Solciety has garnered attention from top crypto influencers, including ALTCOIN-BEAR, The PEPE ARMY, ShibArmy1000x, and BscGems1000x, who collectively have 835k followers.On top of all this, Solciety has been fully audited by German veterans Solid Proof – the smart contract is watertight, meaning both new traders and seasoned degens can invest with complete peace of mind.These two coins have become mainstays in the top 100 most capitalized coins as of the time this release was published. They’ve seemingly come out of nowhere, benefiting thousands of degens in the process. Dogwifhat rallied by an incredible 50,000% between December and March, with BONK also producing returns of 6,700% over a 12-month period.PolitiFi is also home to many of 2024’s most notable rallies, with this new sector incorporating another market trend that could elevate Solciety’s standing. Coins relating to politicians are showing activity in sync with the election season, with the sector totaling over $1 billion in market capitalization; this figure has the potential to increase further as the election year progresses.SLCTY tokens are currently available for $0.0015, with prices set to increase every 72 hours by smart contract. Early participation secures the lowest entry price.Solciety (SLCTY) tokens are available to purchase on the Solciety website.For more information about Solciety (SLCTY), users can visit the website.Website | Whitepaper | SocialsContactSolcietymarketing@solciety.ioThis article was originally published on Chainwire More

Qubic, an open-source community and blockchain platform developing AI infrastructure, and Bored Ape Yacht Club (BAYC) Community in Seoul, the prominent NFT community, are set to co-host an event on Friday, June 28th, at Bored & Hungry in Seoul, South Korea.Bringing together enthusiasts from both communities, including Qubic holders and a diverse array of BAYC members, the event will feature interactive experiences and hamburgers for the group to sit and share a meal.Participants that bring their Ape or any other PFP will receive a Qubic goodie bag filled with exclusive items. Additional rewards await those who share the event on social media and bring a guest.About Qubic: Founded by Sergey Ivancheglo, the creators behind IOTA and NXT, Qubic is a community-driven, open source project that employs an innovative useful-Proof-of-Work crypto platform. The community is altering the world of cryptocurrency with its quorum-based computer (QBC) system.About Bored Ape Yacht Club (BAYC): Bored Ape Yacht Club is a renowned NFT collective known for its distinctive artwork and vibrant community of digital art enthusiasts.ContactQubic Ecosystem Representative for AsiaEric Fungef@qubic.orgThis article was originally published on Chainwire More

Omnichain tokenization protocol Holograph has announced a technical partnership with web3 cybersecurity specialist Halborn. The collaboration will see Halborn engaged to provide regular audits with a view to reinforce protocol security.The appointment of Halborn follows a recent incident in which a malicious attacker was able to mint HLG, the native Holograph token. Halborn has been commissioned to review the incident in order to strengthen the protocol’s security.Upon completion of the joint analysis, a full report will be released by Holograph detailing the incident and the measures that have been implemented to prevent a recurrence. At the same time, Holograph has confirmed that it will reach out to exchanges to resume HLG deposits so that trading can recommence.To further mitigate the effects of the incident, an HLG Burn Plan, developed with extensive community feedback, has commenced. The initiative will see HLG burned to restore the originally programmed supply of 10 billion HLG. Approximately 200 million HLG will be burned from the attacker’s frozen centralized exchange accounts, and another 800 million burned from the Holograph treasury and open market purchases. The first phase of the HLG Burn Plan has already been implemented, involving the burning of 53 million HLG. Holograph has committed to provide onchain proof of each burn as it occurs. The HLG Burn Plan will be implemented in tranches of varying sizes until a total of 1 billion HLG has been removed from the market. Moving forward, Holograph will collaborate with Halborn on all aspects of protocol security, and will utilize Halborn’s technical expertise to ensure that every component of its omnichain protocol is fully strengthened.About HalbornHalborn is an award-winning, elite cybersecurity company for blockchain organizations. It serves as a third-party partner to continuously assess organizations’ most vital assets, drive maximum value, and provide world-class cybersecurity consulting and execution every step of the way.Learn more: https://www.halborn.com/About HolographHolograph is an omnichain tokenization protocol, enabling asset issuers to mint natively composable omnichain tokens. Holograph has been used to mint millions of onchain assets, making it one of the most widely used protocols for cross-chain asset production and distribution.Learn more: https://www.holograph.xyz/ContactMarketAcross PRpr@marketacross.comThis article was originally published on Chainwire More

SynFutures, the leading DeFi derivatives protocol, today announced its plans to expand to Base, Coinbase’s L2 network. To mark this milestone, SynFutures is launching “Meme Perp Summer,” a six-week campaign blitz aimed at expanding its community asset listings and rewarding the meme communities driving organic traction on Base. With a total rewards pool of 100,000 USDC and future airdrop allocations, this campaign underscores Synfutures’ commitment to fostering the growth of emerging token projects.SynFutures will continue to support Blast while extending its reach, doubling down on its commitment to being the go-to destination for trading trending tokens, including memecoins and altcoins. V3 has already supported perp pairs for trending tokens like PAC, DEGEN, YES, WIF, and ESE on Blast, and is now bringing this strategy to Base.About SynFuturesSynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and onchain order book model.Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.For more information, users can visit SynFutures: Website | Twitter | WarpcastContactCMOMark LeeSynFuturesmark.lee@synfutures.comThis article was originally published on Chainwire More

According to Ki Young Ju, early Bitcoin miners, who were among the first to adopt and validate transactions on the Bitcoin network, have seen a significant return on their investment in 2024. The data indicates that these miners capitalized on the Bitcoin price surge this year while securing significant profits.Several Bitcoin wallets from the “Satoshi era,” which refers to the months when Bitcoin’s pseudonymous founder, Satoshi Nakamoto, was active on public forums from late 2009 to 2011, have been reactivated since the start of 2024.In May, an early Bitcoin miner wallet that had been dormant for 14 years transferred 2,000 BTC, which most likely went to an OTC desk or custodian, as the coins were transmitted to multiple other fresh addresses practically immediately.The $62,000 to $70,000 price range has proven to be particularly lucrative for these ancient Bitcoin miners. This range represents a period when Bitcoin reached near its current all-time highs, providing an ideal opportunity for miners to sell their accumulated Bitcoin at premium prices.Bitcoin has quadrupled in price since the start of 2023, reaching an all-time high of $73,798 in March, boosted by demand for specialized U.S. exchange-traded funds. The surge has recently eased, as has the pace of ETF inflows.Bitcoin plummeted along with the rest of the cryptocurrency market on Tuesday, reaching a low of $64,010, amid global economic concerns and lower summer liquidity.At the time of writing, the price of Bitcoin was down by 0.52% at $64,998, according to CoinMarketCap data, sliding below $65,000 for the first time since May 16.This article was originally published on U.Today More

This article was originally published on U.Today More

ApeBond is excited to announce its expansion to LightLink, a groundbreaking gasless blockchain network tailored for enterprises, dApps, and millions of users. LightLink, an Ethereum Layer 2 blockchain, empowers dApps and enterprises to offer users seamless, gasless transactions, marking a significant leap in the DeFi landscape.LightLink Bonds: The Next Frontier in DeFi InnovationWith LightLink Bonds, ApeBond is setting the stage for a new era in DeFi. By integrating with LightLink, known for its exceptional transaction speeds and low costs, we are enhancing our DeFi Bonds platform to offer users instant, gasless transactions with transaction speeds of just 0.5 seconds and gas fees as low as $0.01. This integration underscores our dedication to pushing the boundaries of DeFi technology and user experience.The Strategic Move to LightLinkApeBond move to LightLink represents more than just another blockchain integration; it’s a strategic choice to harness LightLink’s cutting-edge technology and its rapidly growing ecosystem. Additionally, ApeBond has received a grant to build on LightLink, showcasing the network’s support for our vision and growth.LightLink’s high-speed transactions and minimal fees create an ideal environment for our Bonds product, which has already surpassed 130+ partners. This ecosystem offers unmatched opportunities for growth, scalability, and impact.Envisioning the Future of BondsThe launch of LightLink Bonds adds another chain to ApeBond’s tally and is another step toward making DeFi more sustainable. With a current total bonded value of over $14 million, ApeBond welcomes the LightLink community to explore the limitless possibilities of our Bonds products. ApeBond’s vision remains steadfast: to expand offerings with high-quality partners, continually enhancing our ecosystem week by week.This movement pioneers innovations that redefine the Web3 landscape, continually breaking new ground and setting new standards for what DeFi can achieve.About ApeBondApeBond is a decentralized finance platform offering a full suite of tools to explore and engage with the future of wealth building. With products ranging from a decentralized exchange, a bonding protocol, and a Liquidity Health Dashboard, ApeBond empowers users to access DeFi in a secure, transparent, and globally accessible way.ContactDirectorPah M.ApeBondpah.monkey@apeswap.financeThis article was originally published on Chainwire More