Cryptocurrency

The offering is subject to market conditions with no guaranteed timing or terms. “MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $75 million aggregate principal amount of the notes,” the company said in the press release. Starting June 20, 2029, MicroStrategy may redeem all or part of the notes for cash, subject to certain conditions. The private offering will be available to individuals qualified as institutional buyers under Rule 144A of the Securities Act of 1933.MicroStrategy currently holds 214,400 BTC, valued at over $14 billion, making it the largest public-listed Bitcoin holder.MSTR shares fell 1.5% in premarket trading. More

Supra, a fully vertically integrated Layer-1 blockchain, equipped with Multi-VM support, in-protocol oracles, VRF, bridges, and automation features, is excited to announce the launch of its competition, the “Super dApp Showdown.” Season One of this competition is scheduled to begin in August 2024, with a panel of judges that includes representatives from Supra, Google (NASDAQ:GOOGL) Cloud, Republic Crypto, Hashkey Capital, and the hit crypto-focused reality TV show Killer Whales, all set to vote on the best projects. The platform is calling on the most skilled blockchain developers in the industry to build and deploy what Supra calls “Super dApps” on its robust Layer-1 network. Participants will have the opportunity to compete for investments from Supra’s newly established $100 million Ecosystem Fund. For developers, the Super dApp Showdown presents a fantastic opportunity to hit the ground running, bringing their Super dApps to a highly-engaged audience of more than 500k verified unique token holders attained on their gamified community platform “Project Blast Off”, as well as a broader community of 1.3 million email subscribers. Every week, a winning team’s Super dApp will be featured on the Blast Off platform with missions and quests to help users learn about their project, with the builders able to choose the nature of the rewards on offer; such as prizes, airdrops, in-game assets, NFTs etc. Users can look forward to new rewards each week for engaging with dApps such as giveaways, digital collectibles and partner airdrops.Season One of the Super dApp Showdown kicks off in August and will run for three months, after which 12 winners will be selected by a panel of judges across DeFi, GameFi, Web3 Social and other categories. The judges will include representatives from Supra’s leadership team, plus well-known “whales” from the hit reality TV show Killer Whales, produced by HELLO Labs, which is similar to the popular Shark Tank TV series, but with a focus on Web3 startups. Other judges sitting on the Super dApp Showdown panel will include experts from key ecosystem partners such as Google Cloud, Republic Crypto, HashKey Capital, and more. The judging process will also take into consideration feedback from Supra’s community, which will be invited to vote on their favorite Super dApps. Builders looking to take part in the competition can enter on Supra’s Super dApp Showdown application page.Joshua Tobkin, CEO and Co-Founder of Supra, said in a quote: “We are thrilled to collaborate with Killer Whales as our media partner for the Super dApp Showdown and beyond. At Supra, we understand that attracting the right builders and founders requires a combination of capital and exposure. Along with access to Supra’s $100 million Ecosystem Fund and 500k verified token holders, projects will also have the chance to get featured on Killer Whales, benefiting from their exceptional team, high-quality production, and significant visibility.”Sander Gortjes, Co-Founder of HELLO Labs and Executive Producer of Killer Whales, went on to say “We are excited to work together with Supra on the growth of their ecosystem and provide a podium for the projects that emerge as winners of the Super dApp Showdown with Killer Whales and our streaming partners, potentially giving them a televised reach of 600 million people globally”. Designed to reduce friction around user onboarding and experience in Web3, the Supra L1 is powered by the groundbreaking Moonshot consensus mechanism, which brings blazing-fast performance and robust security guarantees to its data feeds. In its advanced global testing phase, Supra demonstrated Moonshot’s ability to process a throughput of 530k transactions per second across 125 nodes distributed globally, with 500-millisecond optimistic finality and ~1.5–2 secs full finality, placing it head-and-shoulders above most other competing consensus mechanisms. The Supra blockchain is vertically integrated with their Distributed Oracle (NYSE:ORCL) Agreement (DORA protocol), a cutting-edge oracle that provides real-time data accessibility to enable the development of faster and more functional dApps spanning DeFi, GameFi and other blockchain use cases. It also incorporates Supra’s novel decentralized verifiable randomness generator, Supra dVRF, to ensure full transparency and unpredictability into random outcomes in games, prize draws and more. Building on Supra will give developers the opportunity to see the performance benefits of its fully vertically integrated L1 for themselves, with the winning projects receiving investments out of the $100M Ecosystem Fund. Other benefits include the chance for winning teams to appear on Killer Whales and pitch their ideas to some of the crypto industry’s top investors, plus consultations with Supra’s team, free access to Supra’s core services, zero-fee access to a token launch platform, cross-promotion and marketing via Supra’s social channels, along with the chance to network with an extensive ecosystem of VCs and partners.Supra plans to host the Super dApp Showdown on an ongoing basis, with new seasons launching every three months; so teams that aren’t quite ready for Season One won’t have long to wait for another chance to engage with one of the fastest-growing communities in Web3. Web3 enthusiasts can stay up to date with the competition and apply to showcase their Super dApps on Supra’s application page.About SupraSupra is an all-new blockchain that vertically integrates oracles, bridges, automation and randomness into a powerful Layer-1 with Multi-VM compatibility. It’s designed to give developers all the tools they need to build on one chain, enabling a new breed of Super dApps.Supra is also a leading provider of oracle price feeds and verifiable randomness across 80+ blockchains with Layer-1 security guarantees. They focus on solving real problems for dApp developers and scaling Web3, supported by a developer toolkit with extensive guides and technical whitepapers.About Killer WhalesKiller Whales is a groundbreaking television series that spotlights the most exciting and innovative projects within the Web3 industry. Backed by HELLO Labs and CoinMarketCap, the show provides a platform for emerging talent to showcase their creations to a worldwide audience of over 600 million potential viewers via their premium streaming partners.About HELLO Labs:HELLO Labs is a leading Web3 entertainment company dedicated to pushing the boundaries of digital entertainment. Through innovative partnerships and groundbreaking projects, HELLO Labs aims to revolutionize the entertainment industry.DisclaimerInvestments allocated out of the Ecosystem Fund during the Super dApp Showdown will be made in $SUPRA, which is the native token of the Supra ecosystem. The stated value of the Ecosystem Fund is calculated with reference to the anticipated value of $SUPRA at the commencement date of the Super dApp Showdown. Please note that the actual value of $SUPRA, as well as the Ecosystem Fund, may vary and is subject to market fluctuations. Supra does not guarantee or warrant the future value of $SUPRA or the Ecosystem Fund.ContactAvishay [email protected] article was originally published on Chainwire More

Despite its early strong momentum, the price action of ETH has surprised a lot of traders. After hitting resistance at about $3,800, Ethereum entered a consolidation phase. The current decline that we have observed, which is frequently an indication of market indecision, was foreseen in this instance by sideways movement. Over the past few days, Ethereum’s price has dropped significantly, approaching $3,500. The market had been feeling bullish overall, so many people were surprised by this sudden decline. There are several possible reasons for this unforeseen behavior. Initial liquidity issues could be crucial. Furthermore, macroeconomic factors and investor sentiment are always important. Ethereum’s performance may have been impacted by recent global financial trends, regulatory news or even bigger sell-offs on the market. It is also critical to keep in mind that fluctuations in Bitcoin (such as the decline below $70,000) frequently have an impact on the entire cryptocurrency market, including Ethereum. Technical indicators show that there was a significant sell-off of ETH in a short period of time. Reentry by buyers onto the market may indicate potential for expansion. Moving averages also show another concerning pattern: the shorter-term MAs crossing below the longer-term MAs, which is typically a bearish signal. Despite the recent downturn, Ethereum’s fundamentals remain strong.A decreasing number of new purchasers are nevertheless willing to make these high-level investments, according to the state of the market. The lack of buying interest is making it difficult for Bitcoin to surpass the psychological $70,000 barrier. The change in institutional behavior is another important component. Institutions are now shifting money away from Bitcoin ETFs despite the fact that they were crucial to Bitcoin’s earlier rallies. This change is partially the result of people looking for better returns in alternative asset classes or new developments in the cryptocurrency industry. The potential price of Bitcoin is weakened by diminished institutional support because a significant portion of the buying pressure that raised prices came from these large-scale investors. Furthermore, strong fundamental drivers that have historically sparked enormous bull runs are absent from Bitcoin at the moment. While the NFT craze played a similar role in 2021, the ICO boom in 2017 propelled Bitcoin to previously-unheard-of heights. There is currently no trend or invention like this propelling investor capital and enthusiasm toward Bitcoin on a large scale. The struggles of Bitcoin are also reflected in technical indicators. It appears that neither overbought nor oversold conditions exist as the Relative Strength Index (RSI) has been circling around neutral. This neutral RSI adds to the general sense of indecisiveness and uncertainty on the market, further impeding any meaningful price movement.XRP has been steadily losing value over the last few weeks as it has been in a downtrend. The first real red flag appeared when the 50-day EMA disappeared. After that, XRP dropped below both the critical psychological support level of $0.5, which is represented by the orange line on the 100-day EMA, further deteriorating its technical outlook. The annual low of $0.44 is the next significant support level for XRP. The likelihood of reaching this level appears to be growing given the state of the market and technical indicators. There is a long-term bearish trend indicated by the 200-day EMA, which is still significantly above the current price. The absence of significant purchasing power is one of the primary causes of XRP’s downfall. The asset finds it difficult to hold onto its value, much less increase it in the absence of substantial buy-side interest. Due to investor caution brought on by macroeconomic uncertainties, the overall market conditions for cryptocurrencies are currently not very favorable.This article was originally published on U.Today More

This coincided with the price of the world’s largest crypto plummeting by almost 5.5%,While many have been withdrawing BTC from exchanges, a major dormant wallet that was reactivated on Tuesday, transferred 8,000 Bitcoins to the largest crypto exchange – Binance. That amount of BTC was evaluated at more than $535 million at the time of the transfer.Prior to that transaction, the whale remained inactive for approximately five and a half years.Today’s growth was 3.29% overall as the inflation data for May (CPI) was released. The consumer price index proved to be lower than expected by analysts – 3.3% versus 3.4%. This pushed Bitcoin up, helping it recover an important psychological price mark.By now, however, BTC has seen a minor pullback and is changing hands in the $69,700 zone.This article was originally published on U.Today More

This article was originally published on U.Today More

Traditionally, significant withdrawals have been seen as a bullish sign suggesting that investors are choosing to hold their money in personal wallets as opposed to storing it on exchanges for quick trading. This usually lowers the amount of stock on exchanges, which could raise prices because of greater scarcity. Still the price of Bitcoin has not increased as anticipated, even with the significant volume of withdrawals. This oddity implies that there are currently other market forces affecting the dynamics of BTC prices.Macroeconomic conditions impacting the cryptocurrency market as a whole have led to cautious sentiment, which could be one explanation. The actions of institutional investors are another thing to take into account. These organizations now handle their cryptocurrency holdings in a different way. Institutions may be shifting their assets off exchanges for compliance and increased security purposes rather than getting ready to sell, as more advanced custody solutions become available. This trend is consistent with the wider adoption of decentralized financial practices and the shift toward self-custody. Furthermore, the data indicates a drop in Bitcoin reserves on exchanges during the previous month.This trend may be part of a larger plan by long-term investors, or whales, to reduce the size of their holdings in anticipation of future market movements. Though it does not always result in price increases right away, this withdrawal activity may indicate confidence in Bitcoin’s long-term value.The charts show that although there have been occasional swings in price, Bitcoin’s exchange reserves have been steadily dropping. According to this pattern, the market is presently consolidating, with neither bulls nor bears clearly in the lead.This article was originally published on U.Today More

The capital injection drew support from existing and new investors, including Delphi Ventures, Merit Circle, and Mechanism Capital. The recent financing round was also bankrolled by Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures.  The raise counts angel investors such as Sébastien Borget, co-founder of The Sandbox.Pixelverse plans to use the new funding to advance its tap-to-earn model and to create future games and infrastructure for Web3 gaming. The firm rewards regular engagement with Web3 games and mini apps, which combine elements of GameFi and SocialFi.The funding comes at a time of growth for Pixelverse, which claims that its quest-based cyberpunk browser and Telegram games have attracted over 15 million users and 5 million daily active users within its first month.“Never in my time at Binance did I see a company with such strong adoption metrics in such a short space of time. Pixelverse is truly a game changer for web3 adoption,” said Kori Leon, COO of Pixelverse and former Binance Listing team member. “Closing this round will allow us to expand our adoption strategy as we continue our journey to become a leading gaming and entertainment hub globally.”Piers Kicks, founding partner of Delphi Ventures, added: “We are pleased to be backing Pixelverse as they leverage Telegram’s distribution to drive a massive audience into their ecosystem. The team is in tune with the market, and we’re excited to see how they will execute their ambitious roadmap this year.”A portion of the capital will be used to further develop the company’s Telegram mini-app, PixelTap. Pixelverse’s browser-based realm is set to expand, incorporating multiple mini-games and immersive storytelling, the statement read.Created by former Step App CEO Kirill Volgin, Pixelverse features engaging PvE battles, a “Risk-to-Earn” system, and customizable NFT bots. The game also encourages third-party development through its SDK and Pixelchain infrastructure.The gameplay of Pixelverse centers on collecting rare items to craft bots, which players can upgrade and merge to create the ultimate battler for the arena. A key aspect of the game is its approach to blockchain gaming earnings, where players are rewarded based on the level of risk they take.  More

Proof of SQL is a novel ZK proof developed by SxT, which cryptographically guarantees that SQL database queries were computed accurately against untampered data. Using Proof of SQL, developers can compute over both onchain and offchain datasets in a trustless manner, proving the result back to their smart contract just-in-time during a transaction to power more sophisticated DeFi protocols with data-driven smart contracts.“Space and Time is thrilled to lead Web3 into a new era of data-driven smart contracts and the next generation of DeFi,” said Jay White, PhD, Co-Founder and Head of Research at SxT, and the inventor of the Proof of SQL protocol. “Our team pioneered sub-second ZK proofs so that smart contracts and AI agents can ask questions about a chain’s activity, as well as offchain data, and receive back trustless SQL query results onchain during a transaction without having to wait for 30 minute proof times.”Proof of SQL was released in alpha to a select group of SxT customers in August. With today’s release on GitHub, the protocol is now available to the public. Community members can run trustless queries on SxT on the Space and Time Studio, and developers can download the repository directly from GitHub. Proof of SQL is the first ZK prover that runs sub-second. In the latest benchmarks run by the SxT cryptography team, the protocol can execute analytic queries over 100k-row tables in less than a second on a single GPU, and can aggregate over millions of rows of indexed data within Ethereum block time on a single NVIDIA (NASDAQ:NVDA) T4.Proof of SQL offers a significantly more performant architecture for processing large volumes of data than generalized zkVMs and co-processors. While generalized zkVMs offer an extensible solution for arbitrary computations, data processing is slow to prove.Proof of SQL can be integrated with these zkVMs to provide verifiable source data that arbitrary code can be executed over. Space and Time encourages and invites contributions from the community, as well as other ZKP engineering teams to collaborate in the repo. The prover can be integrated into any SQL database (such as Google (NASDAQ:GOOGL) BigQuery), centralized or decentralized, and is already securing some of the most prominent Web3 apps, financial institutions, and enterprises.About Space and TimeSpace and Time is the verifiable compute layer for AI x blockchain that joins tamperproof onchain and offchain data to deliver enterprise use cases to smart contracts and LLMs. Space and Time has developed a novel cryptography called Proof of SQL that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. Space and Time is built from the ground up as a multichain data platform for developers in financial services, gaming, DeFi, or any project requiring verifiable data across enterprise, blockchain and AI.For more information, visit: Website | Twitter | Discord | Telegram | LinkedIn | YouTubeContactCatherine [email protected] article was originally published on Chainwire More