Cryptocurrency

Bitcoin Pizza Day commemorates the first time Bitcoin was used for a real-world transaction. On May 22, 2010, Laszlo Hanyecz, a programmer and early Bitcoin enthusiast, made history by buying two pizzas for 10,000 BTC. At the time, the transaction was valued at around $41. Today, those 10,000 BTC would be worth nearly $700 million, highlighting the dramatic increase in Bitcoin’s value over the past 14 years.Bitcoin’s price increase from its inception to the present is nothing short of astonishing. When Hanyecz made his now-famous purchase, Bitcoin was virtually unknown and traded for less than a cent.Fast forward to 2014, and Bitcoin had already seen substantial growth, trading at around $400. Today, Bitcoin has not only achieved mainstream recognition but also established itself as a legitimate asset class with a market cap of over $1.38 trillion. Gabor Gurbacs, Former Director of Digital Asset Strategy at VanEck, spotlights Bitcoin’s meteoric rise of more than 17,400% over the last 10 years as the celebration of Bitcoin Pizza Day gets underway. “10 years ago Bitcoin traded around nearly $400 per BTC, today it’s trading around $70,000 that is a 17,400% increase,” Gurbacs wrote in an X post. At the time of writing, BTC was trading at $70,133, having reached a record high of $73,750 in mid-March. Over the last decade, Bitcoin has not only survived but thrived, experiencing a growth spurt that has rarely been seen in the financial world. The celebration of BTC Pizza Day is not just about reminiscing over pizzas bought with Bitcoins; it is a day that highlights the incredible journey of Bitcoin’s value appreciation. In commemoration of the historic event, crypto exchanges and platforms posted celebratory messages on social media, as well as promoting crypto campaigns and giveaways in recognition of Bitcoin’s evolution.This article was originally published on U.Today More

Avocado DAO, a leading Web3 gaming guild, is proud to announce the launch of their new event, Bumpathon. This event celebrates the introduction of Bumpies Brawl Quest, an incremental idle game incubated by Avocado DAO. The event will run until May 30, 2024, offering participants the chance to win a prize pool of $1,400 worth of ETH and various exciting rewards. Avocado DAO’s mission is to foster and empower Web3 gaming communities, offering scholarships in games such as Axie Infinity, Heroes of Mavia, and more. It also invests in promising Web3 gaming projects and incubates its own projects, such as the Bumpies NFT collection and Bumpies Brawl Quest, establishing itself as a leader in Web3 community gaming. The Bumpies Brawl Quest game utilizes the Bumpies NFT collection on Base network.The collection was launched by Avocado DAO in early 2024, and serves as a dynamic ecosystem connecting Avocado’s digital ID with its questing platform and partner products. The collection features multiple rarities—common, rare, epic, and galactic—each designed to provide additional advantages for users in the upcoming Avocado products. This utility-based NFT’s initial functionality includes integration into Bumpies Brawl Quest, an incremental idle game within the Bumpies ecosystem. Future integrations will expand into Avocado’s partner ecosystems, offering various benefits across different projects.Bumpies Brawl Quest is an on-chain incremental idle game that requires a Bumpie NFT to play. Similar to classic Tamagotchis, players raise digital pets (Bumpies) to interact, brawl, and play mini-games. As the game progresses, characters level up, unlock room upgrades and new battlefields. The game requires players to raise and interact with their Bumpies featuring competitive PVP brawls and daily Pachinko games, providing players with numerous opportunities to earn $ETH rewards. The rarity of a Bumpie NFT multiplies the reward mechanism, adding a gacha element in collecting higher rarity Bumpies.Inspired by popular on-chain games like Frenpet and Xpet, this game offers its unique flavor with enhanced visuals, entertaining characters, and, most importantly, a strong sense of community. Avocado DAO’s Bumpies Brawl Quest aims to push the boundaries of Web3 game development, providing a polished, on-chain gaming experience.Here’s how to participate in the Bumpathon:ContactNisha RameshAvocado DAOmarketing@bumpies.ggThis article was originally published on Chainwire More

GoMining, a premier Bitcoin mining company operating nine top-notch data centers worldwide, has prepared an exciting lineup of community activities to celebrate the annual Bitcoin Pizza Day. The festive program will culminate with the launch of a unique Pizza Miner collection and a big community contest with amazing prizes, including a one-year supply of pizza, 2,000 GOMINING tokens, and three supercharged NFT miners from the celebratory drop.The Pizza Miner NFT CollectionThe festive Pizza Miner NFT drop will comprise only 50 digital miners with unique pizza-style designs, each one optimized for outstanding mining performance and daily Bitcoin rewards for their lucky holders. Each Pizza Miner will represent a computing power of 16 TH/s with an incredible energy efficiency of 20 W/TH.The limited drop will become available for purchase on May 22 at 3 PM UTC, giving anyone prompt a chance to grab a unique NFT with real utility by GoMining. The Pizza Miner collection will be available on GoMining’s primary marketplace and the festive landing page.GoMining Pizza Miner CompetitionThose willing to try their luck and creativity will have a real chance to compete for three Pizza Miners from the latest collection, as well as a 2,000 GOMINING token prize and a one-year supply of pizza from GoMining in a community competition, also starting on May 22.To participate, entrants must share a creative post on X (formerly Twitter), Instagram, or Facebook (NASDAQ:META) with any authentic creation, such as a photo, collage, meme, or video, that includes three essential elements: pizza, Bitcoin, and GoMining. The final requirement is to use the hashtags #pizzaminer and #bitcoinpizzaday and tag the official GoMining account on the chosen platform.The Festive DiscountAs a cherry on top, GoMining is happy to introduce a three-day-long 10% discount on all new 2 TH/s and 4 TH/s-charged digital miners available with the PIZZAMINER promo code until May 26. The discount is also available directly via this link.When reached for a comment regarding the Bitcoin Pizza Day celebration, Mark Zalan, GoMining CEO, congratulated the crypto community and emphasized his deep belief in Bitcoin.GoMining NFTsVirtual miners are NFTs by GoMining, backed with a real share of computing power ranging between 1 and 5,000 TH/s, depending on the NFT and its level. Each NFT can be easily upgraded in both computing power and energy efficiency attributes, allowing holders to scale their output with just a few clicks.BTC mining rewards for holding an NFT are delivered daily to any wallet, whether internal or external, of the holder’s choice.GOMINING TokenThe native token of the GoMining ecosystem, GOMINING, is accessible on both the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. The token is currently available on various exchanges, including Gate.io, Bitfinex, Bitget, MEXC, and Uniswap.GOMINING is utilized for various on-platform payments, including NFT purchasing and upgrading, as well as granting access to an additional 10% discount for electricity fees.ContactSeva NauGoMiningv.naumov@gomining.comThis article was originally published on Chainwire More

The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide.After amassing an incredible community of over 300,000 followers on Twitter, Telegram, and Instagram in just a few days, Beercoin launched a massive pre-sale with a hard cap of 30,000 $SOL, equivalent to $5 million USD. This target was achieved in a record time. Pre-sale participants who joined before the $3 million mark will receive a 20% bonus in $BEER, while those who entered before the $5 million mark will receive a 15% bonus.With the pre-sale concluded, the Beercoin team is planning to list $BEER on Raydium and other DEXes in coming days. Also, the team has pre-announced a massive marketing campaign for $BEER holders and promoters with prizes such as a private jet trip to Oktoberfest and brand-new Tesla (NASDAQ:TSLA) CyberTruck loaded with beer. $BEER is aiming to get into the league of the industry giants like $PEPE, $WIF, and $FLOKI, which are now dominating the top of memecoin charts with billions in market cap.For those who missed the pre-sale, there will be plenty of opportunities to acquire $BEER. Users can stay updated by following the official Beercoin website and social media channels.About $BEER$BEER is more than another coin, it works as the universal currency of enjoyment, bringing people together regardless of their ethnicity or social status.ContactDirectorHandzy MykhBeersol Limitedteam@beercoin.wtfThis article was originally published on Chainwire More

In a note to clients Wednesday, the investment firm reiterated a Market Outperform rating and $320 price target on Coinbase shares, with the target reflecting an ~11x EV/revenue multiple on JMP’s 2025E revenue expectation. “Over the past week, several notable events have developed around the digital asset industry that we estimate could create further catalysts for the broader space and in our coverage universe, could add to the positive momentum at Coinbase and, to a lesser degree Robinhood (NASDAQ:HOOD, MO, $30 PT), albeit still positive overall,” wrote analysts at JMP. They caution that, it is not completely clear yet the degree political winds are structurally shifting, although the firm notes that momentum has clearly moved closer toward bipartisanship with SAB 121 repeal resolution passing the House and Senate last week.Analysts also highlight other developments in recent days, including “the SEC’s apparent about-face on spot-ETH approval.”At the very least, analysts believe these developments individually have positive implications, and if the tide has truly shifted politically, they think the implications for the industry are transformative in the U.S., accelerating its move into the mainstream and creating a springboard for exponential expansion,” adds JMP. More

The fresh capital injection comes amid growing interest in liquid restaking, with the total value locked across leading platforms surpassing $4 billion. The latest round was led by SCB Limited, a proprietary trading firm based in the Bahamas, and Laser Digital, the digital asset arm of Nomura Global, who collectively invested $3.5 million. Other participants in the round included Bankless Ventures, Hypersphere, Draper Dragon, DACM, Cypher Capital, ArkStream, Cluster Capital, GSR, Longhash, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker, and many others.Dheeraj Borra, Co-founder of Kelp DAO, comments: “This fundraise propels our expansion in the market and sharpens our focus on building customer-centric solutions. It’s truly thrilling to have our investors share that vision.” Both Kelp DAO founders, Amitej Gajjala and Dheeraj Borra, voiced their gratitude for the investor support, which will drive Kelp DAO towards scaling new heights in restaking solutions.Kelp DAO plans to use the funds to upgrade its platform’s capabilities, expand to other ecosystems like Solana and Bitcoin, and further restaking solutions. This comes on top of the platform already boasting over $850 million in Total Value Locked (TVL) and more than 40,000 active restakers.The funding round includes support from notable angel investors in the crypto community, such as Scott, Cofounder of Gitcoin; Alex, CEO of Nansen; Sam K, Cofounder of Frax; Marc Zeller, from Aave Chan Initiative; Saurabh Sharma, from Jump Crypto; Amrit, COO of Altlayer; Anthony, Cofounder of Swissborg; and Winslow Strong from Mr. Block.Laser Digital CEO Jez Mohideen stated: “We are very excited to support Kelp DAO and the passionate team in its journey towards building innovative restaking infrastructure solutions.”Jack Platts, Co-founder of Hypersphere Ventures, added, “We’re excited by the prospect of restaking enabling more developer experimentation and use cases. Kelp’s proven team and focus on user experience is playing a key role in restaking’s early success. We look forward to the team executing on its vision of enhancing yields and optionality for ETH stakers.”The idea behind liquid restaking offered by Kelp and others is to allow ETH holders—whether holding native ETH or LST tokens—to invest and restake without losing access to the underlying capital. This is why it’s called “liquid” restaking.Kelp DAO’s liquid restaked token (LRT) was the first to hit the Ethereum mainnet, and currently offers service for native ETH and LSTs across Ethereum mainnet and eight L2 networks. More

World no.2 cryptocurrency Ether also gave up some gains after hitting an over two-month high, propelled by this week’s reports indicating some progress towards the approval of spot ETFs by the Securities and Exchange Commission. The regulator is set to make a hotly-anticipated decision on potentially approving the ETFs later this week.But warnings on sticky U.S. inflation and high-for-longer interest rates kept traders cautious towards crypto markets and also pulled Bitcoin back from recent gains.Bitcoin fell 2.1% over the past 24 hours to $69,763.0 by 08:48 ET (12:48 GMT).Ether fell 3% in the past 24 hours to $3,663.08 after nearing the highest level since early-March. The token surged as much as 18% on Monday.The surge was fueled by media reports suggesting that the SEC had asked exchanges to fine-tune their filings for spot Ether ETFs on Monday, ahead of a crucial decision on their approval later this week.The move marks some progress towards the approval of the ETFs, although the SEC could still deny the applications, given that it has not engaged with any of the applicants so far.Still, analysts said the SEC’s move reflected a greater probability of an eventual approval of a spot Ether ETF. The approval is expected to spark a rally in crypto prices, akin to that seen with the approval of spot Bitcoin ETFs earlier this year.The token had risen as far as $71,000 on Tuesday, before falling back into a $60,000 to $70,000 trading range seen over most of the past two months. Sentiment towards crypto, despite optimism over a spot Ether ETF, was still constrained by persistent concerns over U.S. interest rates.Several Fed officials warned this week that the central bank needed more confidence that inflation was coming down before it could begin cutting interest rates. Focus was now on the minutes of the Fed’s late-April meeting, for more cues on when the central bank could begin trimming interest rates. High for longer rates bode poorly for crypto markets, given that they limit the appeal of high-risk and highly speculative assets. Broader altcoin prices also cooled as Bitcoin retreated, while traders remained largely biased towards Ether in the altcoin complex. Resilience in the dollar also limited any major upside in crypto.Solana slipped 1.6%, while XRP shed 2.3%. Among meme coins, Dogecoin and SHIB each lost 2.8%.IBIT, BlackRock’s spot Bitcoin ETF, is witnessing increased activity after a few quiet weeks, as Bitcoin trades above the $70,000 level for the first time in a month.Specifically, IBIT saw inflows exceeding $290 million on Tuesday, according to preliminary data from Farside Investors, marking its highest single-day inflow this month and the largest since April 5. This figure is nearly three times the previous monthly high of $93 million recorded on May 16.As a result, IBIT’s total holdings have now surged to over $19 billion, as indicated on its product page.Tuesday’s inflows are notably large compared to earlier this month, where IBIT saw low or zero inflows before May 15. In April, IBIT recorded its first-ever day of outflows, contributing to some bearish sentiment for Bitcoin at the time.Elsewhere, asset manager WisdomTree has received approval from the Financial Conduct Authority (FCA) to list crypto exchange-traded products (ETPs) on the London Stock Exchange (LSE).WisdomTree said that it is among the first applicants to have its prospectus approved by the U.K. regulator.The Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) ETPs are set to begin trading on May 28, available exclusively to professional investors. These ETPs will carry fees of 35 basis points, according to the announcement made on Wednesday. More

$SHARE on Solana is utilizing blockchain technology to aim for the transformation of positive impact into viable investment opportunities. As the first decentralized impact fund, $SHARE gives investors the opportunity to drive meaningful global change while potentially achieving financial growth. Representing the future of finance, stakeholders aim to grow their investments while fueling meaningful impact across the globe by the collective.$SHARE (@shareon_crypto on X) isn’t just another cryptocurrency; it is a community-driven initiative redefining the potential of capital for societal good.At its core, $SHARE is a store of value fueling change.What sets the Share Foundation apart is its unique token protocol, which aims to raise funds for positive impact as the market cap valuation grows. As the $SHARE ecosystem flourishes, so does its capacity to drive change. The Share foundation operates under the guiding principle of community-led decision-making. Every decision and allocation is determined through a democratic process, with the community voting for the positive impact projects they believe in.Just two months into the project, the Share Foundation has already funded the construction of a clean-water facility in Kenya, which will provide stable access to potable water for the entire Muchemo community. This project will begin construction in late June in collaboration with The Water Project which will be responsible for the infrastructure’s development and maintenance.Additionally, the Share Foundation also partnered with Watsi to cover the surgical care costs of 12 patients from 5 different countries. The recipients of this funding ranged from 5-year-old kids with chronic conditions, parents with severe injuries, and elders that have been unable to attain medical attention for many years. The Share token reached a significant milestone, deploying over $10,000 at only $1 million market cap. Such impact is tangible; through partnerships with organizations like Pencils of Promise, The Water Project, and Watsi, $SHARE is making a difference where it matters most: education, access to water, and healthcare.At the time of writing, $SHARE has reached a $2.6 million market cap and has raised two rounds of funding, a cumulative amount of $28,000 destined for positive impact projects. Share team invites users to join the ‘share’ holder community and be part of a new socioeconomic system generating capital to impact the lives of many for the better.The Share community has a vision of a better world, one where financial prosperity and positive impact are interlaced. $SHARE gives the ability to make change.It’s time to change the world through crypto.About Share Share on Crypto is a decentralized crypto token [$SHARE] that fuels positive impact contributions as it grows in market cap. It is a store of value focused on changing the world by investing in positive impact and currently operates on the Solana blockchain.TG: https://t.me/shareoncryptoWebsite: www.shareoncrypto.comFor partnerships and to receive funding, users can e-mail partnerships@shareoncrypto.comContactShare TeamSharepartnerships@shareoncrypto.comThis article was originally published on Chainwire More