Cryptocurrency

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$AFK Token Presale Launches: First GameFi and GambleFi Token Presale on TONIn a major leap for blockchain gaming, today marks the launch of the $AFK token presale, the first GameFi and GambleFi venture on the TON blockchain. Merging meme culture with the excitement of gambling and social gaming, $AFK is tailor-made for the crypto-savvy, meme-loving community. Participants have a unique opportunity to join at the ground level and experience a potential profit-sharing model that rewards every token holder.Right after the social TON token Notcoin which achieved a market cap of $2.3 billion, $AFK aims to replicate and surpass this success on the TON blockchain.Airdrops and Affiliate Programs: Enhancing active participation and expansion, the more users engage, the bigger their free token earning potential.Liquidity Pool (NASDAQ:POOL) Contributions: Ensuring smooth and stable trading experiences, team is devoted on creating stable and locked DEX trading pool, with additional CEX launches in the future. For more information and to participate in the presale, users can visit:$AFKPepe is the first TON-based token that integrates GameFi elements with a high-stakes casino vibe, crafted specifically for the Telegram platform. The token not only allows participation but ownership, turning online gambling into a community-driven phenomenon.AFKpepe token is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactCEOAlfaro Ricardoafkpepetoken@gmail.comThis article was originally published on Chainwire More

Competitive Web3 gaming protocol, Elympics has announced a number of new initiatives which are set to realise the full potential of Web3 gaming and facilitate mass adoption. The announcements were made to an audience of over 1.500 Web3 influencers and enthusiasts at the Next Block Expo (NBX) in Warsaw, Poland and will bring its Compete-to-Earn model to gamers across the world. TON INTEGRATIONMichal Dabrowski, Chief Executive Officer (CEO) of Elympics, announced from the main stage, a new integration with TON. This opens up the Elympics Protocol to a massive and engaged community who can experience competitive Web3 gaming via a familiar interface. With 900m+ monthly active users on the Telegram, social gaming with token competitions might become a real possibility for mass adoption. Dabrowski was joined by TON’s Gaming Lead, Inal Kardan and Animoca Brands’ Founder, Yat Sui for a panel discussion about the integration and the future of Web3 gaming. The ability for developers to benefit from Web3 games development was seen as a game-changer for the industry.Along with the TON integration announcement, Elympics has launched its incentivised public testnet, which rewards contributors to the ecosystem. Players can join through the Player’s Cockpit and access an already expansive library of competitive games. Developers can connect their games to the Elympics Protocol by using their software development kit (SDK). Elympics has prioritized ease of access for developers with their SDK to ensure good support and a large library of games in line with its vision of a more equitable Web3 ecosystem.Players and developers can earn points, called “Respect” by engaging with the community in various ways, such as entering gaming competitions and completing quests. A new game was also launched during the conference, called Cut The Zero. Thousands of players all over the world are now participating in token competitions while earning Respect Points. This Compete-to-Earn model is designed with a player-first mentality, to reward all participants and encourage engagement, interaction and growth of the protocol. GAMING INNOVATION Elympics capped a successful expo by winning the overall audience award for Web3 gaming innovation in recognition of its efforts to expand Web3 adoption. It celebrated this with their first ever community event with partners, investors, influencers and Web3 ambassadors at a top Warsaw nightspot. With more new initiatives set to be unveiled in 2024, Elympics is poised to take Web3 gaming to a mainstream audience through strategic partnerships, new innovations and an ever growing library of engaging games. For more information about Elympics, visit our website: https://www.elympics.ai/About Elympics:Elympics is a protocol that fuels decentralised competitive gaming with real-money competitions creating a web3 gaming ecosystem backed by a sustainable economic model based on zero-sum principles. Elympics provides players with an opportunity to participate in exciting skill-based game social experiences with money competitions, developers with the tools to build such games (or integrate real-money competitions to their existing games) and ambassadors/affiliates/KOL’s/guilds to earn money on bringing new users to the protocol. Each player interacts with games integrated with Elympics via a unified player profile building a decentralised reputation within the ecosystem.Elympics is positioned to become a metalayer for all games, gaming platforms, guilds, developers interconnecting them under the real-money competitive gaming experience, providing secure financial settlement and unparalleled UX.Elympics enriches the whole crypto with the new type of experience – social gaming with money competitions.ContactContactMediaNext Block Expomedia@nextblockexpo.comThis article was originally published on Chainwire More

This decision follows a comprehensive review aimed at maintaining a safe trading environment. The delisting will result in the cessation of trading for several currency pairs, significantly impacting their market prices.Binance states that this move is part of a periodic review to ensure trading quality remains at its highest. The criteria influencing this decision include the dedication of the project teams, project development quality, trading activity, network stability, community engagement, compliance with new regulatory requirements, and their impact on the blockchain.Affected trading pairs include OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, and XEM/USDT. After June 17, Binance will automatically cancel all pending orders for these pairs.Starting June 18, the platform will no longer accept new buy orders using these pairs. However, withdrawals will remain possible until September 17, 2024.Additionally, Binance will cease supporting these coins in other services such as Binance Earn, Binance Savings, Binance Staking, Binance Margin, Binance Convert, Binance Gift Cards, and Binance Pay. Notably, Binance Futures will remove the WAVES/USDT pair on June 11, while perpetual contracts for OMG/USDT and XEM/USDT will not be delisted.Investors should also be aware of the possibility to convert these coins into stablecoins, which Binance plans to facilitate after September 18, 2024.Following the announcement, the value of these coins dropped significantly. OMG decreased by 25.76%, WAVES by 27.06%, and XEM by 28.73%. In contrast, WNXM quickly rebounded from its decline, currently down by only 3.27%.These significant price changes reflect the profound impact of Binance’s decisions on cryptocurrency markets. For instance, the delisting of DREP, MobileCoin, and pNetwork in March led to their values halving within hours. Conversely, the listing of new tokens like Axelar Network (AXL/USD) and Dogwifhat (WIF/USD) in March saw their prices surge by over 25% post-announcement. More

Entangle has confirmed the integration of Solana into its Photon messaging protocol, marking a major milestone for the blockchain interoperability platform.Although achieving interoperability between disparate ecosystems has historically proven challenging, Entangle has become the first protocol to enable trustless cross-chain messaging between the Ethereum Virtual Machine (EVM) ecosystem and non-EVM Layer-1 networks like Solana.As well as heralded the first cross-chain delivery of Solana to EVM, the platform’s team said it had achieved the fastest instance of cross-chain messaging from EVM to Non-EVM. Alongside the integration, Entangle has also launched the NGL-Solana bridge, enabling users to transfer their native Entangle utility tokens to the Solana environment.Thanks to Entangle’s landmark breakthrough, blockchain developers – particularly those drawn to the flexibility, scalability, and performance of platforms like Solana – can now build decentralized applications (dApps) capable of securely interacting with smart contracts and assets across both EVM and non-EVM environments, creating a true omnichain experience.Retail users keen to bridge funds to and from EVM and non-EVM chains are also likely to be interested in the launch.The omnichain solution suite pioneered by Entangle extends beyond Photon’s cross-chain messaging and includes components such as Universal Data Feeds (high-frequency data processing with embedded logic), Liquid Vaults (a protocol to create composable derivatives tokens), and an e-Bridge (enabling token transfers between over 14 networks).To date, the platform has secured partnerships and integrations with over 75 blockchain applications, as well as welcoming $4 million investment from leading crypto VCs. A recent public token sale saw a further $1.45 million raised, while the successful mainnet launch followed two years of intensive development and testing.About EntangleEntangle is a leading blockchain platform for connecting networks, protocols, and assets across the web3 ecosystem. By creating a unified ecosystem, Entangle empowers developers and users to interact seamlessly across multiple blockchains, enhancing connectivity and fostering innovation.Website | Blog | X | Discord | TelegramContactFaisal Mehrbaninfo@entangle.fiThis article was originally published on Chainwire More

Bitcoin rose 1.5% in the past 24 hours to $69,253.8 by 08:18 ET (12:18 GMT). But the world’s largest cryptocurrency remained well within a $60,000 to $70,000 trading range established since mid-March.Bukele re-election brings little price action amid few Bitcoin references Bitcoin saw little price action even as El Salvador President Nayib Bukele- who had adopted the cryptocurrency as legal tender in 2021- was re-elected for a second term over the weekend.Bukele was regarded as a major figurehead in the crypto space over his legalization of the token, and had also regularly used the country’s treasury to purchase the token from the open market.But Bukele made little mention of Bitcoin during his swearing in. The El Salvador President also appeared to have removed all mentions of Bitcoin and cryptocurrencies from his social media profile on X (formerly Twitter). Bukele promised medicine to fix the ailing El Salvadorian economy during his swearing in, after government debt levels skyrocketed during his first term. The country’s adoption of Bitcoin had done little to stimulate the economy. Bukele’s highly-publicized plans for a “Bitcoin City” had also largely fallen flat as they garnered little interest from private investors. El Salvador had earlier this year returned to traditional debt markets with a $1 billion bond sale.  Still, El Salvador’s Bitcoin holdings were up substantially in value, after the token saw a stellar rally through 2023 and early-2024. Broader cryptocurrency prices moved little on Monday, taking little support from a broader rally in risk-driven markets amid increased focus on interest rate cuts.World no.2 token Ether rose 0.15% to $3,811.02, while Solana added 0.5% and XRP fell 0.4%Among meme coins, SHIB lost 0.2%, while DOGE moved up 1.6%.Stock markets rallied on Monday in anticipation of interest rate cuts by the European Central Bank and the Bank of Canada later this week. Expectations for a rate cut by the Federal Reserve, in September, also rose after data on Friday showed some cooling in inflation. The central bank is widely expected to keep rates steady at a meeting next week.Australia-based Monochrome Asset Management announced that its Monochrome Bitcoin exchange-traded fund (ETF), under the ticker IBTC, will start trading on the Cboe Australia exchange on Tuesday, Coindsk reported today.This ETF is the first and only one in Australia to hold bitcoin directly.While Australia has two other exchange-traded products on Cboe Australia that offer exposure to spot crypto assets, neither of them holds the cryptocurrency directly.“Before IBTC, Australian investors were only able to invest in ETFs that indirectly hold bitcoin or through offshore bitcoin products, both of which don’t benefit from the investor protection rules under the directly held crypto asset Australian Financial Services Licensing (AFSL) licensing regime,” the company said.To launch such a product in Australia, companies need approval from the Australian Securities & Investments Commission (ASIC) and the exchange where the product will be listed, in this case, Cboe Australia. Monochrome had already secured approval from ASIC for this ETF. More

Daily mining revenue is more than 50% below pre-halving levels, which is expected to temper hashrate growth in the near term.Despite these challenges, May was a positive month for U.S.-listed mining stocks. JPMorgan’s report highlights that companies reported record first-quarter 2024 revenue and adjusted EBITDA, even excluding mark-to-market gains on HODL balances, and increased their share of the network hashrate. The aggregate market cap of the 14 U.S.-listed miners tracked by JPMorgan increased by 19% sequentially to $18.4 billion, led by a nearly 80% rally in shares of Iris Energy .The average Bitcoin price in May was roughly $65,200, down less than 1% from April, with a seven-day rolling average exiting the month at around $68,400, up 8% from April’s figure. According to JPMorgan’s calculations, Bitcoin’s annualized volatility was 51% in May, consistent with the previous month’s 54%.The network hashrate, a proxy for industry competition, declined sequentially for the first time since December 2022 as inefficient and older operators exited the network post-halving. The average network hashrate was 599 EH/s in May, down 26 EH/s (4%) from April, and 50 EH/s from pre-halving levels. The month-end seven-day moving average network hashrate stood at 595 EH/s, down 5% from the end of April, though up 58% year-over-year. Mining difficulty also declined by 4% from the end of April.Bitcoin mining profitability hovered at record lows in May. Bitcoin miners earned an average of $49,000 per EH/s in daily block reward revenue, the lowest level on record. For context, this metric peaked at $342,000 in November 2021 when Bitcoin’s price was $60,000 and the network hashrate was 161 EH/s. It was around $100,000 leading into the halving. Transaction fees fluctuated between 3% and 10% of the block reward in May, spiking as high as over 100%, up modestly from 2% to 3% in April.The proved (remaining) block reward and the four-year block reward revenue opportunity were $87.9 billion and $43.8 billion, respectively, as of May 31, both up 9% from April 30. The aggregate market cap of the 14 U.S.-listed miners was 21% and 42% of the nominal value of the proved and four-year block reward opportunity, respectively, up modestly sequentially and ahead of historical averages of 16% and 33%, respectively.The group of 14 U.S.-listed Bitcoin miners tracked by JPMorgan had an aggregate market cap of $18.4 billion as of May 31, up 19% for the month. The best- and worst-performing stocks for the month were Iris Energy Ltd (NASDAQ:IREN), up 79% and Stronghold Digital Mining Inc (NASDAQ:SDIG), down 11%, respectively. More

Expanding the Global Mahjong Community and Promoting e-Sports Adoption through Web3 Technology and Investment from the Helika Accelerate ProgramJan-navi Mahjong Online, a mahjong game with over 19 years of operational history, has been selected as the first Japanese project for the $50 million Web3 game acceleration program, Helika Accelerate. This selection marks a significant step for Jan-navi in expanding the global mahjong community using Web3 technology and promoting mahjong as a global e-sport. Helika’s support will accelerate Jan-navi’s expansion into overseas markets.About Helika AccelerateHelika provides a one-stop solution with analysis tools for both Web3 and traditional games. In partnership with leading VCs such as Pantera, Spartan Capital, and Sfermion, Helika has launched “Helika Accelerate.” $50 million has been committed to the Helika Accelerate initiative. Participating companies receive support and can leverage Helika’s expertise in tokenomics, chain selection, data analysis, marketing, and AI game management. They can also use on-chain data, in-game behavior history, and ad tracking data to build game design and engagement strategies.Expanding the Global Mahjong Community and Promoting e-SportsWith Helika’s support, Jan-navi aims to expand into global markets using Web3 technology. In February 2024, Jan-navi introduced the JN Token (White paper), a sponsorship token to promote mahjong as a global e-sport. This allows the estimated 700 million mahjong players worldwide to connect through Jan-navi, making mahjong a tool for communication. The JN Token decentralizes e-sports sponsorship, lowering the barriers to entry for tournaments and contributing to the spread of e-sports. Additionally, with the funds raised through the Helika Accelerate Program, Jan-navi aims to further expand globally and reach players around the world.Furthermore, the JN Token will be launched on Arbitrum Orbit alongside the MV Chain of Genso kishi Online, announced on May 31. Arbitrum Orbit adopts an architecture that connects multiple chains and ecosystems, providing low-cost transactions and a seamless user experience. This enables JN Token users to conduct transactions efficiently and economically, further promoting the integration of real mahjong parlors with online and offline gameplay.Utilizing Helika’s Data Analysis PowerJan-navi aims to transform vast amounts of game data into valuable insights using Helika’s advanced data analysis tools. This will enable detailed analysis of user behavior patterns and the development of strategies to enhance player experience. Particularly, implementing personalized marketing campaigns based on player preferences and behavior is expected to significantly boost user engagement. Jan-navi is jointly operated by its developer Winlight Co., Ltd. and Metastar Hong Kong. Moving forward, both companies will continue to collaborate on adapting Jan-navi to Web3 and expanding its global reach.Executive InsightsAbout Jan-naviJan-navi is a comprehensive game platform centered around mahjong and has been operating as an online mahjong game since 2004. With over 5.7 million registered users and tens of thousands of daily players, Jan-navi has evolved mahjong from just a game into a communication tool, garnering support from a wide range of players.About Metastar Hong Kong Co., Ltd.Based in Hong Kong, a hub for global Web3 companies like Animoca Brands, Metastar Hong Kong Co., Ltd. aims to spread mahjong e-sports worldwide using JN Token and Web3 technology. As a leader in integrating technology and community, Metastar provides new value to the global gaming market.About Winlight Co., Ltd.Established in July 2003, Winlight is a game company with 19 years of experience. Specializing in network technology, Winlight develops games for a wide range of devices, including home consoles, smartphones, and PCs, and also publishes its own branded games globally.About HelikaHelika is an industry-leading data analytics, marketing, and game management platform focused on solving three main challenges for studios: driving profitable user acquisition growth, deriving impactful insights from disparate web2 and web3 data sources, and optimizing game experiences to improve player engagement, retention, and monetization. Many top AAA studios, including Yuga Labs, Wildcard Alliance, WAGMI, Treasure, Proof of Play, Pixelcraft Studios, Life Beyond (Animoca Brands), BoomLand, Bazooka Tango, Azra Games, and many more rely on Helika to support their core analytics and infrastructure needs. Existing investors include Big Brain Holdings, Sparkle Ventures, Sfermion, Diagram Ventures, Fenbushi Capital, StreamingFast and angels such as Marc Alloul.ContactYaxiMetastar Hong Kong Co., Ltd.info@jntoken.ioThis article was originally published on Chainwire More