Cryptocurrency

JPMorgan’s report also highlighted that Bitcoin’s 14-day average daily trading volumes stand at $28.9 billion, compared to Ethereum’s $20.7 billion. Over the past two weeks, Bitcoin’s average daily trading volumes increased by 12.0%, while Ethereum’s trading volumes surged by 86.4%. Tether’s trading volumes rose by 39.2%. Moreover, trading volume growth for major cryptocurrencies, excluding Binance USD, has been strong over the past six months and year. A JPMorgan analyst noted, “The substantial increase in trading volumes for Bitcoin and Ethereum highlights the growing investor interest and market activity in these leading cryptocurrencies.”On May 30, Franklin Templeton president and CEO Jenny Johnson spoke at the Consensus 2024 conference in Austin, highlighting the benefits of blockchain ledger technology. Johnson emphasized its potential to provide a single “source of truth” for reconciling data between systems, which could help reduce costs and administrative workload. Johnson noted, “Blockchain technology can streamline our processes and significantly reduce administrative burdens.” The company is actively involved in the blockchain space, running 30 validator nodes on 12 different blockchains.Grayscale Investments announced on May 20 that CEO Michael Sonnenshein would step down after a decade with the crypto asset manager. Peter Mintzberg, currently the global head of strategy for asset and wealth management at Goldman Sachs, will assume the role of CEO on August 15. Until then, CFO Edward McGee will serve as the principal executive officer. Sonnenshein reflected on his tenure, saying, “Leading Grayscale has been a remarkable journey, and I am confident in Peter’s vision for the future.”On May 20, New York Attorney General Letitia James announced a $2 billion settlement with bankrupt cryptocurrency lender Genesis to repay defrauded investors. Genesis, which neither admits nor denies the allegations, is barred from operating in New York. The settlement establishes a fund for victims, including 29,000 New York residents who invested over $1.1 billion through the Gemini Earn product. “This settlement ensures that victims are compensated and holds Genesis accountable,” James stated.Institutional cryptocurrency lending firm Maple Finance unveiled a new loans platform called “Syrup” on May 28, along with a rewards token of the same name. Syrup promises users yields of 15% by depositing stablecoins into the platform. A Maple Finance representative highlighted, “Syrup is designed to offer attractive yields while maintaining security and reliability.”The global crypto market has seen a 12% increase since May 15, 2024, with the market cap standing at $2.53 trillion as of June 1, 2024. The top five cryptocurrencies by market cap are Bitcoin, Ether, Tether, Binance Coin, and Solana, JPMorgan report concludes. More

Milady Meme Coin ($LADYS) has announced a significant US$5 million investment from DWF Labs. This investment marks a pivotal moment for $LADYS, positioning it for accelerated growth and innovation within the cryptocurrency landscape.A New Era for Milady Meme CoinWith the infusion of capital from DWF Labs, $LADYS is poised to lead the next wave of innovation in the meme coins space. The collaboration between Milady Meme Coin and DWF Labs is expected to unlock new avenues for development, collaboration, and community engagement within the $LADYS and meme ecosystem.Value-added Investment Partnership from DWF LabsDWF Labs as a Web3 investor and market maker, brings a wealth of experience and resources to the table. Aside from capital, DWF Labs’ strategic guidance, ecosystem support, will empower Milady Meme Coin to solidify its position as a leader in the meme coins space. The synergy between Milady Meme Coin’s vision and DWF Labs’ expertise holds the potential to reshape the landscape of meme coins, driving forward the evolution of memes.About Milady Meme Coin Milady Meme Coin ($LADYS) is a self-organised meme coin made in the image of Milady. Positioned at the vanguard of the meme coin revolution, $LADYS embodies the indomitable spirit of memetic power and internet love.Website: https://milady.gg/Twitter: https://twitter.com/miladymemecoin About DWF LabsDWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.Website: https://www.dwf-labs.com Twitter: https://twitter.com/DwfLabsContactFounderRyukoMilady Meme Coinmilady@milady.ggThis article was originally published on Chainwire More

ScroogeToken, a new entrant in the meme cryptocurrency sphere, distinguishes itself with a blend of humor and robust tokenomics. For more details on ScroogeToken’s growing presence, users can visit ScroogeToken’s official website.Inspired by Disney’s Scrooge McDuck, ScroogeToken offers a distinctive experience beyond mere entertainment. A notable feature is the 100% daily auto-stake reward, which has facilitated the accumulation of $150,000 since its launch.The ScroogeToken team is committed to creating a dynamic and inclusive community. Regular updates, engaging events, and a well-thought-out roadmap ensure continuous excitement and growth. ScroogeToken aims to maintain continuous growth and development.Key features of ScroogeToken include:Users can join the ScroogeToken community by visiting ScroogeToken’s official website and stay updated by following ScroogeToken on Telegram and Twitter.About ScroogeTokenScroogeToken is a community-driven meme cryptocurrency that combines humor, solid tokenomics, and innovative features. With a focus on transparency, engagement, and long-term value, ScroogeToken aims to become a leading meme token in the crypto space.ContactCo-FounderMiro EdenScroogeMediainfo@goattoken.ioThis article was originally published on Chainwire More

Term Structure, the pioneering non-custodial fixed-income protocol, has officially gone live with its mainnet on Ethereum. This launch introduces the first institutional-grade, market-driven fixed-income protocol, revolutionizing how liquidity is provided between lenders and borrowers in decentralized finance (DeFi). Users can use their LSTs and LRTs as collateral to borrow tokens at fixed rates and terms and earn points and staking rewards in the primary markets, where the auction mechanism facilitates borrowing and lending. Meanwhile, the secondary markets support the trading of these fixed-income tokens through a real-time order book to enhance liquidity. Co-founder Jerry Li, speaking from a traditional finance (TradFi) perspective, suggests that the lack of fixed-income products in the market is a major factor hindering the exponential growth of DeFi. The Term Structure Protocol fills this gap by providing fixed-rate and fixed-term products that enhance risk management and introduce a range of trading strategies previously unavailable in the DeFi ecosystem. These strategies are crucial for both institutional and individual investment planning.With its mainnet launch, Term Structure aims to establish new global standards for liquidity management and allow users to secure a fixed cost of funds. This is essential for leverage opportunities to potentially earn higher floating APYs or to capitalize on token price appreciation. “Our mainnet, designed to cater to institutional clients, traders, and retail investors, marks a pivotal development in DeFi. It allows users to leverage their digital assets with fixed rates and terms,” said Jerry Li. Users can earn additional points and staking rewards by looping their LRTs and LSTs on Term Structure. Source: Term Structure Term Structure stands out by offering a unified fixed-income market that integrates both primary and secondary markets, unlike other protocols that separate them or use AMMs for different tokens. To get started, users can use their LSTs and LRTs as collateral to borrow tokens at fixed rates and terms, set their preferred interest rates, and choose maturity dates in the primary markets. When orders are matched, borrowers receive the borrowed tokens and must repay their debts by the maturity date to reclaim their collateral. Meanwhile, lenders receive fixed-income tokens redeemable at maturity for the principal plus interest. The secondary markets support the buying and selling of these fixed-income tokens through a real-time order book. Furthermore, the protocol leverages zkTrue-up, a customized ZK Rollup, to eliminate gas fees for placing and canceling orders, ensure fast finality, and maintain data availability. It includes safety features like Forced Withdrawal and Evacuation Mode to secure user assets in emergencies.zkTrue-up allows users to withdraw their funds anytime, eliminates gas fees for placing and canceling orders, and achieves fast transaction finality. Source: Term StructureAhead of its mainnet launch, Term Structure secured initial funding of $4.55 million in a series of seed fundraising rounds from industry-leading investors including Cumberland DRW, Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. To further improve the protocol’s security and reliability, the protocol’s smart contracts and ZK circuits have been meticulously audited by ABDK and HashCloak, two leading blockchain security firms. Moreover, the protocol has completed the trusted setup ceremony for zkTrue-up in collaboration with ABDK, HashCloak, and Web3 software development company Bware Labs. This ensures the security of zkTrue-up by discarding “toxic waste” (i.e., data that could deceive the system into accepting false proofs), thereby preventing anyone from controlling it and eliminating the possibility of a rug pull.About Term StructureTerm Structure introduces a distinct ZK Rollup solution democratizing fixed-rate and fixed-term borrowing and lending as well as fixed income trading by offering low transaction fees. Backed by Cumberland, HashKey Capital, Decima Fund, Longling Capital, and MZ Web3 Fund.For more information, users can visit Term Structure’s website at https://ts.finance/ and follow Term Structure’s social media updates:X | Discord | Telegram | LinkedInContactNovalia WinataTerm Structurenovalia.wi@tkspring.comThis article was originally published on Chainwire More

As a reminder, in his first term, Bukele has reaffirmed his commitment to purchasing one BTC daily into a cold wallet until the cryptocurrency can no longer be technically acquired.Max Keiser, a big supporter of Bitcoin and advisor to the President, has come up with an ambitious plan for El Salvador during Bukele’s second term. Keiser thinks that the country’s wealth will be more and more controlled by its citizens through decentralized Bitcoin nodes.In this scenario, the President will propose initiatives that the public can fund through crowd-sourcing, effectively reinventing the social contract and operating the nation on a circular BTC-focused economy.He also sees El Salvador becoming debt-free and using its geothermal and volcanic energy to power Bitcoin mining, aiming to control 10% of the global hash rate.The country has already made significant progress in this direction, using geothermal energy from the Tecapa volcano to mine 473.5 BTC, which is worth about $29 million. Of the 102 MW generated by the country’s power plants, 1.5 MW is dedicated to Bitcoin mining.According to data from Arkham, El Salvador currently holds 5,718 BTC, worth about $400.26 million. Keiser thinks this innovative approach will reduce the influence of central banks and make international financial institutions like the IMF irrelevant in the country’s economic policies.This article was originally published on U.Today More

$TRUMP Coin: A Revolutionary Cryptocurrency with Real-World Utility and Philanthropic Mission.TrumpCrypto.io is excited to announce the launch of the $TRUMP Coin Initial Coin Offering (ICO), a groundbreaking cryptocurrency designed to merge digital innovation with tangible real-world benefits. With a total supply of 8,000,000,000 tokens and a pre-sale price of 0.016 USDT per token, $TRUMP Coin offers a unique investment opportunity.Why choose this $TRUMP Coin?$TRUMP by TrumpCrypto.io is more than just a cryptocurrency; it is a comprehensive ecosystem offering practical uses and supporting meaningful causes. The whitepaper outlines the core features:Robust Ecosystem: $TRUMP Coin is an ERC-20 token on the Ethereum network, aimed at creating a dynamic ecosystem with real-world applications.Charitable Contributions: Demonstrating the commitment to social responsibility, 10% of the total project profits are donated monthly to Disabled American Veterans, aiding those who have served. Additionally, a 0.25% burn fee on transactions is donated to the Trump National Committee Joint Fundraising Committee.Merch Store Integration: Holders can use $TRUMP Coin to purchase a variety of products from the upcoming exclusive Merch Store, including clothing, digital artwork, and other merchandise. This integration ensures that $TRUMP Coin has immediate utility for its users.Loyalty Rewards: Long-term holders of $TRUMP will benefit from a loyalty rewards program, offering discounts, early access to new products, and special promotions.Pre-Sale Price: 0.016 USDT per $TRUMP token (+ Bonus)These pre-sale terms offer early investors a prime opportunity to engage with $TRUMP Coin at an attractive rate.Participate in $TRUMP Pre-SaleInvestment PotentialInvesting in $TRUMP Coin means becoming part of a project with a clear roadmap for growth and a dual focus on utility and philanthropy. The strategic development plan outlined in our whitepaper ensures that $TRUMP Coin will be a formidable presence in the digital currency market.Participate in the #1 Trump Coin ICO to not miss out.TRUMP Coin invites investors, technology enthusiasts, and the broader community to participate in the $TRUMP Coin ICO and support this innovative venture. For more information, users can visit the website at trumpcrypto.io and review the comprehensive whitepaper.About $TRUMP Coin$TRUMPCoin is a pioneering cryptocurrency project dedicated to creating a stable, transparent, and efficient digital currency with a focus on real-world utility and philanthropic contributions. Their mission is to create a token offering a real-world use with direct impact on real-world events.Rav LLC 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.ContactKyle NelsonRav LLCweb3@trumpcrypto.ioThis article was originally published on Chainwire More

According to Brandt, the argument for Bitcoin relates to the eventual destruction of fiat currency units. To illustrate his point, Brandt shared a chart comparing Bitcoin (BTC) against the total U.S. money stock (M1), a ratio that he says remains below the December 2017 high.Placing side by side, Brandt highlights striking similarities between this chart and the Dow Jones Industrial Average (DJIA) during the Great Stagflation of the 1970s.The 1970s was a period marked by high inflation and stagnant economic growth, a phenomenon known as stagflation. The DJIA during this time exhibited a particular pattern that Brandt believes is now mirrored in Bitcoin’s performance against the increasing supply of U.S. dollars. This pattern, known as an inverted head and shoulders, is often interpreted as a bullish signal, suggesting further upward movement in Bitcoin’s value.The inverted head and shoulders pattern is a technical analysis chart formation that indicates a reversal of a downward trend. It consists of three parts: a low point (head) flanked by two higher low points (shoulders). When this pattern forms, it signals the potential for a significant upward price movement once the price breaks above the resistance level formed by the shoulders.In the context of Bitcoin, this pattern suggests an impending momentum shift that could propel the cryptocurrency to new heights, much like the Dow eventually emerged from the stagflation period.Brandt’s viewpoint is not without skepticism, as he states that some market watchers may disagree with the definition of the pattern as a “continuation inverted head and shoulders.” Thus, he presents an argument using many references to back up his statements.The identified inverted head and shoulders pattern, if validated, might be the technical confirmation of a much larger fundamental shift — one that could redefine the very concept of money in the years to come.At the time of writing, BTC was trading at $67,722.This article was originally published on U.Today More

DogeMob, a prominent player in the meme coin sector, today announced several key developments and updates that underscore its evolution from a meme-driven concept to a multi-faceted crypto platform. With a range of new features and significant community growth, DogeMob is set to enhance user engagement and utility within its ecosystem.DogeMob has recently expanded its presence on global cryptocurrency exchanges. Following its initial listings, the platform is now actively traded on BitMart, and MEXC, Gate.io and Bitget. This expansion facilitates greater accessibility and liquidity for the $DOGEMOB token, broadening its investor base and reinforcing its market presence.In line with its commitment to enhancing token utility, DogeMob has completed its much-anticipated web3 game, DogeMob Arcade. This development introduces new functionalities for the $DOGEMOB token, integrating entertainment with transactional utility, thus enriching the user experience and engagement across its platform.Further empowering its community, DogeMob boasts a robust governance model where token holders play a pivotal role in steering the project’s direction. Through its on-chain voting system, holders can submit proposals and vote on various aspects of the project’s development, ensuring transparency and inclusivity in its growth trajectory.Adding to its user-centric approach, DogeMob offers a ‘stake and earn’ program that gives token holders the opportunity to earn $DOGEMOB tokens, with the flexibility to withdraw their stake at any time. This feature underscores DogeMob’s commitment to providing value and autonomy to its community.Financially, DogeMob has demonstrated substantial market activity, with over a million dollars in aggregated daily trading volume across centralized and decentralized exchanges. Moreover, the platform’s market capitalization has grown to exceed 6 million dollars.DogeMob is also verified on major crypto aggregators CoinMarketCap and CoinGecko, which offers users transparency and real-time data to make informed decisions. These listings provide credibility and enhance visibility in the competitive crypto space.Underpinning its technological foundation, DogeMob’s smart contract has been fully audited, and viewable here, and the platform maintains rigorous standards with a comprehensive KYC process, ensuring security and compliance. Additionally, DogeMob operates with a 0% buy-and-sell tax policy.The community around DogeMob has seen exponential growth, now boasting over 11,000 members in its verified Telegram group. This vibrant community is actively engaged in discussions about market trends, project developments, and the broader meme coin culture, contributing to a dynamic ecosystem.In 2024, DogeMob is set to amplify its platform with a series of strategic expansions and community-driven initiatives. On May 4th, the $DOGEMOB token was launched on Gate.io, and on May 28th the $DOGEMOB was then launched on Bitget further enhancing its liquidity and market presence. Throughout the year, DogeMob will focus on increasing community engagement through social media campaigns, AMA sessions, and partnerships with key influencers in the meme space. The latter half of the year promises exciting developments, including the release of community-inspired meme content, the introduction of DogeMob-themed NFTs, and interactive meme-based gaming experiences, further solidifying DogeMob’s position as a pioneering force in the meme coin ecosystem.About DogeMobDogeMob is a leading meme coin platform that combines the playful culture of memes with serious cryptocurrency innovation. With a fixed supply of one billion tokens, DogeMob is designed to provide both stability and excitement in the volatile altcoin market. The platform’s commitment to community-driven growth, comprehensive governance, and innovative crypto solutions continues to position it as a standout project in the blockchain space. For more information, users can visit DogeMob’s website, and join the community on Telegram and X.Contact:Danny AritiDogeMobSydney, NSW Australiadanny@dogemob.comContactDanny AritiDogeMobdanny@dogemob.comThis article was originally published on Chainwire More