Cryptocurrency

Bitcoin’s price above $66,000 is more than simply a number — it is a psychological threshold for the market, signaling stability after periods of volatility. According to IntoTheBlock, Bitcoin, the first and largest cryptocurrency by market cap, overcame massive on-chain resistance levels with its move past $66,000. The lack of selling during the recent move up past $66,000 might suggest the market’s confidence in BTC. Bitcoin skyrocketed when the ETFs went live in January, reaching a high of over $74,000 in March before falling as demand for the investment vehicles waned. At the time of writing, BTC was up 0.36% in the last 24 hours to $66,378 and is up over 8% over the last seven days. Bitcoin has increased by around 58% this year, compared to an 11% increase in the Nasdaq 100.Saylor, known for his bullish stance on Bitcoin and his company’s significant investment in the cryptocurrency, often shares Bitcoin and market-related insights. His latest tweet, “Get the Message,” is cryptic yet suggestive.It could imply a deeper understanding to be gleaned from current market conditions — a message that perhaps only those closely watching can fully appreciate. Saylor posted an image of a clear white bottle placed in the sand with a Bitcoin logo carved on the label.That said, Saylor’s tweet may be a rallying cry, encouraging the community to recognize the strength and potential of Bitcoin amid ongoing market uncertainty. However, without additional information, Saylor’s tweet remains subject to interpretation.This article was originally published on U.Today More

Penguiana’s presale, the penguin-themed Solana meme coin, has now surpassed 1,500 SOL. The team believes this achievement underscores the growing interest surrounding Penguiana within the crypto and meme coin communities.Inspired by the playful and communal nature of penguins, Penguiana is more than just another meme coin. It is poised to become a significant player in the Solana ecosystem, leveraging the blockchain’s fast processing and low fees to attract both crypto enthusiasts and meme coin lovers.$PENGU Token and Its UtilityAt the heart of Penguiana lies the $PENGU token, with a total supply of 100 million tokens. Sixty percent of these tokens (60 million) are allocated for the presale, offering early adopters a chance to participate in the project’s journey from the start.The $PENGU token is designed for in-app usage within Penguiana’s ecosystem, particularly in the upcoming play-to-earn game.Token holders will use $PENGU to mint exclusive NFTs, purchase in-game items, and participate in special game events, adding utility to the token.The $PENGU token is currently undergoing an audit to ensure it’s security and assure $PENGU token holders that the token contract has been verified by a third party to be secure.Presale Details and ParticipationThe Penguiana presale continues is underway, with more than 15 days remaining.Here are the key details:Total Supply: 100 Million $PENGU TokensPresale Allocation: 60 Million $PENGU TokensPresale Duration: 31 DaysPresale Caps: Minimum 0.5 SOL, Maximum 100 SOLUsers can acquire $PENGU tokens by visiting the link below.How to Join the Penguiana PresaleWallet Preparation: Users need to set up a Solana-compatible wallet such as Phantom or Solflare. It is crucial to use a private wallet for this transaction, as transfers from centralized exchanges are not eligible for the airdrop.Available $SOL Balance: Users need to SOL tokens on their private wallet.Sending $SOL to the Presale Address: Interested users should navigate to the Penguiana presale page (https://penguiana.com) to find the designated presale address. Users need to verify the address and send their SOL contribution.Allocation Check: Users need to check their $PENGU token allocation in the designated section on the presale page.$PENGU Token Airdrop: After the presale concludes, $PENGU tokens will be airdropped to participants’ wallets in proportion to their contributions.Upcoming Game Trailer and Major AnnouncementsPenguiana is set to release a game trailer next month, showcasing the play-to-earn features of the $PENGU token. Additionally, the team has announced that several partnerships will be revealed next month, further solidifying Penguiana’s position in the market.About PenguianaPenguiana is more than just a meme coin; it’s a pioneering project on the Solana blockchain that integrates the fun of meme culture with the profitability and engagement of a play-to-earn blockchain game. Utilizing Solana’s high throughput and low transaction costs, Penguiana aims to provide a seamless and immersive gaming experience that rewards its players.Stay Connected with PenguianaWebsite: https://penguiana.comTelegram: https://t.me/penguianaDiscord: https://discord.com/invite/y7M3yDFjUtTwitter: https://twitter.com/penguianaonsolPenguiana 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.ContactTeam LeadZan KowalskiPenguianacontact@penguiana.comThis article was originally published on Chainwire More

While QE is an economic measure that works based on the situation, liquidity-strained Chinese real estate developers can now gain access to more operating funds. Though this measure is expected to jumpstart businesses, the release of capital as liquidity might further place a strain on the fiat currency.The potential fiat devaluation that will follow the flooded economy poses a potential catalyst for Bitcoin and other major hedges against inflation – gold. To Dan Tapiero, “the explosive upmove in Chinese Real Estate stocks” after more than a decade of a long bear market caused a lot of pain. This new pivot is positive to boost global liquidity, which Bitcoin can also lean on. In his projection, other risk assets and stocks like Ethereum and the tech heavy-NASDAQ Composite will also benefit overall.However, Bitcoin is known as one of the most resilient assets in the world. Once the market prices in the impact of Chinese real estate QE, as teased by Tapiero, the real BTC price discovery may then commence.In the grand scheme of the market’s outlook, Tapiero is optimistic that Bitcoin is fated to soar from $90,000 to $200,000 in the long term.This article was originally published on U.Today More

Alephoria invites web3 users to the Aleph Zero ecosystem with an interactive initiative of campaigns as projects launchAleph Zero–the privacy-oriented layer 1 blockchain–is gearing up for a surge of new users with its Alephoria campaign. Newcomers can look forward to airdrops and other promotional activities as they join the expanding ecosystem. Dozens of teams are actively developing groundbreaking solutions on Aleph Zero, spanning DeFi, web3 identity, liquid staking, RWA tokenization, content creation, and gaming, among other areas. At the heart of this innovation is Aleph Zero–a blazingly-fast blockchain that enables all these advancements through its modular and compliant approach to ZK privacy. The network offers instant transaction finally with subsecond speeds, powered by AlephBFT, its proprietary consensus mechanism that integrates Directed Acyclic Graph (DAG) technology with Proof of Stake. Moreover, its data confidentiality engine skillfully balances transparency with data protection, aligning with AML/CFT regulations. These fundamental features make Aleph Zero an attractive platform for users, developers, enterprises and regulators worldwide.Staking AZERO offers users the opportunity to earn rewards directly in AZERO coins for participating in the network. For a quick start to staking, users can refer to the concise guide available now. Additionally, AZERO serves as users’ gateway to Alephoria, offering them the chance to participate in significant ecosystem-wide airdrop campaigns from various projects. The campaign will reward participants who are active in staking, both before and throughout the duration of the campaign, with the rewards increasing the longer one participates, based on the daily average of their stake during each round.Simultaneously, Common LP Drops will start rewarding users engaged in liquidity farming. These Drops are non-transferable initially but will be redeemable for CMN—the platform’s token—once it launches, aligning with Common’s vision of enhancing trading efficiency and confidentiality across its multi-chain DeFi suite.About Aleph ZeroAleph Zero is a layer 1 blockchain engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via ZKP and MPC, and offers a comprehensive toolset for WASM-based web3 development in Rust. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero programs.For more information, users can visit Aleph Zero’s website or follow Aleph Zero’s Twitter.ContactPR SpecialistAna LezamaAleph Zeroana@serotonin.coThis article was originally published on Chainwire More

Besides, Keiser also revealed why millions of people are swapping their fiat money for Tether’s USDT.In a recent tweet, Keiser once again stated that he expects XRP to continue declining to zero against Bitcoin.He went even further when he stated that XRP was created by Brad (Garlinghouse), the Ripple CEO, “to steal billions from witless fools.” Keiser chose not to mention that XRP emerged several years before Garlinghouse took the chief executive position at Ripple Labs.He then explained why a lot of people are changing their fiat coins into USDT, which runs on multiple chains, including Tron and Ethereum, to get access to banking services. “Millions of people swap their fiat money for Tether because they don’t have bank accounts or access to banking services,” he tweeted, and “they use Tether like USD.”Over the past 24 hours, Tether has issued a whopping $1 billion worth of stablecoins on the Tron chain. In the past year, 31 billion USDT have been emitted by this company on both Tron and Ethereum, according to a tweet published by the @lookonchain analytics X handle.However, Keiser’s support for Tether may be explained by the fact that recently Tether started to allocate part of its profits to buying BTC.Keiser is positive that these actions are killing the U.S. dollar as a global reserve currency “by issuing a fake version that millions use and putting the interest from investing in US Treasuries into Bitcoin.”This article was originally published on U.Today More

The opening keynote speech, given by his H.R.H Prince Faisal bin Bandar Bin Sultan, Chairman of the Saudi Esports Federation, was an accolade to gamers, creatives and tech enthusiasts everywhere.Joshua Kriger, co-founder of Edge of Company and Outer Edge, and co-host of Edge of NFT podcast said in the opening ceremony, “The soul of innovation lives within the DNA of the population of the Kingdom and those of you in the room. This is not a conference, this is not a summit, this is a forum. A forum is a gathering where ideas and views are exchanged”. Outer Edge – Riyadh, being one of the first gatherings in the Kingdom to showcase the promise of Web3 and the opportunities that exist within, provides a glimpse into decentralization, blockchain and digital economies. Some of the forum’s notable guests included representatives from the Saudi Ministry of Culture and Ministry of Communications and Information Technology. In addition, showcased speakers included Paul Pacifico, CEO of The Saudi Music Commission, Malak Alqhtani, CEO and Founder for Valar Club, Michael Figge, Chief Creative Officer of Yuga Labs, Krista Kim, Artist & CEO of Krista Kim Studio and 0Studio.ai, Pierina Merino, Founder and CEO of Flickplay, Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, Calvin Zhou, Co-Founder of Shrapnel, Salwa Radwi, Founder of Nuqtah, Erick Pulier, Vatom Founder and CEO, Amanda Cassat, Founder and CEO of Serotonin, Yasser N Al Obaidan, Chairman of Jawraa, Sebastien Borget, Co-Founder and COO of The Sandbox. The full list of speakers can be found here.Key partners taking part in the conference included myco, a Web3 video streaming, funding, production and distribution platform, READYgg, operating the world’s leading blockchain gaming ecosystem, Orbit Startups, a Global VC firm focused on breakthrough tech startups. Takadao, offering Shariah-Compliant community-owned savings and community-owned life insurance solutions, Tharawat Technology, a Riyadh-based computer security service company, Nuqtah, Saudi based NFT marketplace and start-up. WNDR, a platform that transforms any device into a portal to an exceptional console, Motorverse, bringing the experience of vehicle ownership to the digital, Flickplay, destination to unlock your favorite digital characters. Hadera, offering performance, security and compliance for tokenized economies, GOQii, cutting-edge tech and expertise in fitness and wellness, Detecon, a leader in tech consultancy, ApeChain, driving web3 culture and innovation; Slingshot Dao, the epitome of community-governed innovation, droppTV, a pioneer in Web3 solutions, and global accelerator VC for Web3 startups Foundership. Full list of partners can be found here.Users can check out full clips, images and highlights from the event here.About Edge of CompanyThe Edge Of Company is a pioneering emerging technology media, event, and advisory venture dedicated to pushing technological boundaries and redefining human potential. With focuses on Web3, technology, and culture, the Edge Of Company aims to bridge the gap between these domains, fostering innovation, collaboration, and exploration. Projects include their event series, Outer Edge, as well top podcasts Edge of NFT and Edge of AI. With over 120k combined subscribers, both podcasts can be found on YouTube, Spotify (NYSE:SPOT), Apple (NASDAQ:AAPL) Podcasts, Google (NASDAQ:GOOGL) Podcasts, as well as major streaming channels via Defiance Media and more.ContactSharifa AlBadoOuter Edgeskk@gm-aether.comThis article was originally published on Chainwire More

MetaLend, a crypto trading platform for Web3 gaming assets, has announced its latest update: cross-chain trading on the Ronin ecosystem. This new innovative feature gives users the ability to trade gaming assets on Ethereum, Polygon, and the Binance Smart Chain. After launching as the exclusive DeFi partner of the Ronin Chain in 2023, MetaLend is thrilled to now be expanding across chains. Following the sentiment, “gamers are the new traders,” MetaLend continues to work toward its mission to effortlessly merge Web3 gaming with crypto investing. The Gateway to Crypto InvestmentGaming is proving to be a solid entry point to the world of crypto investing, with many gamers transitioning from gaming to crypto trading. Interestingly, gaming stands as the most prominent use case for crypto wallets, with the majority of active wallets being used for gaming purposes. Despite this significant user base, there has been a notable absence of exchange and trading platforms specifically tailored for gamers. The appeal of earning, trading, and owning unique in-game assets is what leads gamers to explore the broader possibilities within the crypto space. This trend highlights the potential of gaming in driving mass adoption of crypto, making MetaLend’s platform an ideal gateway for newcomers looking to venture into crypto trading. Opening Doors for the Ronin Community and Crypto Investors Although crypto gaming is still in its early stages, it’s in a position to see positive growth in 2024 and beyond as traditional gamers are becoming more interested in the space. That being said, MetaLend’s cross-chain trading platform offers investors a unique opportunity to capitalize on this burgeoning market. For the Ronin Community, this expansion presents a golden opportunity to trade gaming assets for popular cryptocurrencies like Bitcoin, enhancing liquidity and broadening investment horizons within a specialized trading environment. Welcoming Collaborators Moreover, MetaLend’s capabilities extend beyond individual users, they’re ideal for B2B gaming collaborations. The platform’s flexibility for listing tokens and facilitating partnerships creates new opportunities, connecting gaming developers and platforms in a thriving ecosystem. By offering flexible token listing capabilities, developers can showcase their unique tokens, promoting diversity and expanding in-game assets available to users. About Ronin Ronin is an EVM-compatible blockchain designed for gaming. Developed by Sky Mavis, the same creators behind the leading blockchain game Axie Infinity, Ronin has achieved remarkable success by scaling a single game to accommodate millions of daily active users. About MetaLend Founded by Sudjeev Singh and Nikhil Bhardwaj, MetaLend is a specialized trading platform for gamers, offering innovative solutions for trading, earning, and borrowing against gaming tokens and NFTs. With users owning over $135M in gaming assets and $10M deposited for yield generation and loans, MetaLend is a trusted name in the crypto gaming landscape. As the exclusive DeFi partner of the Ronin Chain and backed by a $5M seed round from Pantera Capital and Collab+Currency, MetaLend continues to innovate, creating a close link between gaming and crypto trading. For more information, users can visit the MetaLend website and follow the platform’s X and Discord to stay up-to-date on new announcements. MetaLend 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.ContactJamie KingsleyMetaLendj.kingsley@theprgenius.comThis article was originally published on Chainwire More

Bitcoin now has the regulatory approval, the financial expert continued, and it provided the green light for all of those large-scale financial institutions to start securing a position in BTC.In the near future, Scaramucci believes, BTC is going to be part of the long-term tactical asset allocation strategy for institutional investors.The expert also believes that it is important to “do the homework on Bitcoin,” which means not only reading the whitepaper but also understanding the history of money and how money works. When you do it, Scaramucci stated, “you go towards Bitcoin.”Overall, he believes that being early in Bitcoin is profitable and “we are still early…sometimes when you’re early you get some bumps and scrapes,” he said.The largest Bitcoin fund, run by Grayscale, has seen outflows of 839 BTC, which is the equivalent of $55,200. Currently, GBTC holds a total of 288,498 BTC under management worth $18.86 billion.Fidelity ETF has added 1,989 BTC worth more than $130,79 million. After this inflow, the overall amount of Bitcoin it holds is 155,745 BTC, evaluated at $10.24 billion.In the last 24 hours, the leading cryptocurrency, Bitcoin, has initiated a moderate increase of less than 2% as it surpassed the $66,000 level and is currently changing hands at $66,340 per coin.This article was originally published on U.Today More