Cryptocurrency

CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, announces the launch of its native $AUTOS Token. Starting with a Fixed Price Community Launch on Fjord Foundry on December 3rd 2024, which will run for 3 days, followed by the Token Generation Event (TGE) and exchange listings in the coming weeks.At the core of the CryptoAutos ecosystem, $AUTOS introduces blockchain-driven solutions for transactions, staking, governance, and user engagement. With a Community Launch model, the platform prioritises community-driven, decentralised token distribution over venture capital.To mark the launch, CryptoAutos is offering a chance to win a Lamborghini Urus, showcasing its blend of blockchain innovation and luxury.Transforming Luxury Car Ownership with $AUTOSThe $AUTOS token aims to redefine how people interact with luxury cars, offering flexibility, transparency, and security. It facilitates seamless transactions, removes traditional banking barriers, provides a native token for the upcoming RWA platform and enables participation in the Gold membership service for the marketplace.Beyond transactions, $AUTOS empowers its community through decentralised governance, giving users a voice in shaping the platform’s future. It also incentivises loyalty with discounts, exclusive offers, and potential rewards, while providing dealers with advertising solutions within the CryptoAutos ecosystem.Through their luxury automotive marketplace, CryptoAutos is bringing to market one of the most powerful crypto to fiat off-ramps in the industry, giving real world utility to top tokens like, $BTC, $ETH, $BNB and many more. CryptoAutos has already generated over $58m in sales revenue to date through their automotive marketplace, and just recently completed the first ever car sale in $TON.Setting a New Benchmark for Token LaunchesCryptoAutos wants to raise the bar with its Community Launch model with Fjord Foundry, meant to ensure equal access and transparency for all participants. By allocating 110 million $AUTOS tokens through a public sale and securing up to $750,000 USDT in liquidity, the platform is prioritising a sustainable, community-driven approach over traditional VC funding.Exploring the Future of Luxury on BlockchainCryptoAutos is the world’s first blockchain-powered luxury automotive marketplace, offering a secure and transparent platform for purchasing high-value vehicles with cryptocurrency. By integrating Web3 technologies, CryptoAutos simplifies the buying process, providing a seamless experience for car enthusiasts and investors alike. Through its innovative $AUTOS token, CryptoAutos connects blockchain technology with real-world assets, creating a new standard for luxury ownership.To participate in the $AUTOS public sale, users can head to Fjord Foundry on the 3rd of December – https://app.fjordfoundry.com/token-salesFor more information, users can visit the links below:This article was originally published on Chainwire More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, invites users to test their conviction in the classic human vs machine debate in a new Copy Trading Face-Off trading competition. With a 200,000 USDT prize pool for top traders and lucky voters, the competition gives traders a chance to be rewarded for living by their trading style. As the science of trading evolves with the abundance of data, tools, and new trading solutions, traders are increasingly combining intuition and data-driven insights, as well as human judgement and AI-powered precision. With Bybit Copy Trading, users may choose between both options or craft their own trading strategies in mixed models.The competition offers multiple ways to access the prize pool for traders on either side of the battle, and of all skill levels:To ring in an auspicious new trading year, users will still stand a chance to unlock 20% of the total prize pool if they have joined a losing squad. Another 15% of the prize pool will go to the top 100 traders by trading volume. For more information on the competition and terms and conditions, users may visit: Copy Trading Face-Off: Human vs. Bot.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Moongate has officially launched its native token, $MGT, marking a significant milestone in the company’s mission to reshape brand-consumer engagement and redefine the value of user attention.Moongate is the first attention asset protocol for real-world activations. Launched in 2022, Moongate Protocol is actively utilized by over 3,800 brands and creators, including Binance, OKX, Token2049, EthDenver, Animoca, Wonderfruit, ComplexCon, and Sony (NYSE:SONY). The protocol has empowered thousands of brands to launch smart token campaigns, driving engagement from more than 1.7 million end users.As the digital landscape continues to evolve, the $MGT token introduces a structured, incentive-based model for brands and consumers alike. Designed to support real-world brand activations, loyalty programs, and consumer engagement, $MGT allows users to earn rewards through participation in token-based campaigns while brands can leverage the protocol to interact more meaningfully with their audiences.$5.2M in Funding and Upcoming Exchange Listings for $MGTTo achieve this vision and further fuel growth, Moongate successfully secured over $5.2 million in total funding. This includes investments from CMCC Global, Cogitent Ventures, and Token Bay Capital, as well as public sale proceeds from multiple Tier-1 launchpads. The fundraise reflects strong market interest in Moongate Protocol and $MGT, highlighting growing recognition of Moongate’s role in the attention economy.Following the launch of the $MGT token, it is now trading on Bitget, KuCoin, Gate.io, MEXC, and PancakeSwap.Bridging Digital and Real-World EngagementMoongate’s platform empowers brands to create and distribute smart tokens, offering a streamlined solution for businesses to connect directly with users both online and offline. Through initiatives such as NFT memberships, event tickets, and token-gated benefits, Moongate facilitates real-world utilities for brands. $MGT is at the core of this ecosystem, serving as the primary medium for rewards, user incentives, and engagement tracking.The launch of $MGT brings multiple features to users and brands:Community AirdropIn line with Moongate’s commitment to rewarding early supporters, the protocol will distribute a portion of the total $MGT supply through a community airdrop. The snapshot was taken on November 15, 2024, and eligible users can now claim their $MGT tokens on claim.moongate.id.What’s Next (LON:NXT) for MoongateWith the launch of $MGT, Moongate is set to expand its platform features while strengthening its partnerships with both Web2 and Web3 brands. Upcoming updates include enhanced staking features, an expanded rewards marketplace, and the release of MoonPad, a launchpad for partner token campaigns. These developments aim to deepen user participation and provide brands with powerful tools to create immersive experiences for their audiences.For more information on $MGT and Moongate’s vision for the future of attention assets, users can visit Moongate’s official website.About MoongateMoongate is an attention asset protocol disrupting the $1T+ attention economy. The protocol consists of two key layers—a utility layer for brands to issue smart token campaigns for real-world engagement, and a data layer where such on-chain engagement data are monetized at scale by key stakeholders. Moongate aims to disintermediate centralized platforms to maximize brand-consumer value. It also introduces an innovative “engage-to-earn” mechanism that promotes active consumer participation for brand rewards and a share of $MGT emission.To learn more users can visit Moongate’s Official Website | Twitter | LinkedInContactCEOJonathan MuiMoongatecontact@moongate.idThis article was originally published on Chainwire More

Bitcoin has hit a series of records since the Nov. 5 presidential election, boosted by expectations the incoming Trump administration will be extremely pro-crypto.Bitcoin was up 2.2% to trade at $95,493.0 by 07:00 ET (12:00 GMT).Fox News reported Wednesday that the Trump administration wants to shift the bulk of crypto regulatory oversight to the Commodity Futures Trading Commission from the Securities and Exchange Commission. The CFTC oversees the U.S. derivatives market, and is seen as having less strict regulatory standards than the SEC. Crypto firms in the U.S. have come under intense scrutiny from the SEC in the past number of years, with enforcement actions taken against major crypto companies including Consensys, Coinbase (NASDAQ:COIN) and Kraken. XRP – whose issuer Ripple has been embroiled in a long-running lawsuit with the SEC – initially gained more than 7% following the news.Veteran financial regulator Paul Atkins is among the top contenders to replace SEC Chair Gary Gensler from January, Bloomberg reported on Wednesday.Atkins, who was reportedly interviewed by Trump’s team, is a proponent of digital assets, and is expected to adopt a much friendlier approach to regulation than Gensler. Gensler, who said he will resign as Trump takes office next year, has been criticized by crypto proponents for regulating the industry through enforcement. Reports of Atkins’ consideration as SEC chair also came as Trump picked candidates with pro-crypto stances to head the Treasury and as the Secretary of Commerce. But despite optimism over the incoming administration’s plans for crypto, analysts at Compass Point said in a client note Wednesday that Trump’s stated plan for a Bitcoin strategic reserve had limited scope.The Treasury was unlikely to approve more deficit-driven funding for the government to buy Bitcoin, the note said, while Congress – where the Republican party has a small majority – will also be unwilling to increase the U.S. fiscal deficit to purchase crypto. Compass Point also called the BITCOIN Act, proposed by Senator Cynthia Lummis, a “nonstarter.” Broader cryptocurrency prices were mixed on Thursday. World no.2 crypto Ether was up 4.8% to $3,631.56. Solana was up 0.7%, Cardano edged down 0.8% while Polygon was 0.6% higher. Among meme tokens, Dogecoin rose 3%. (Ambar Warrick contributed reporting) More

The Relative Strength Index (RSI) indicates cooling from overbought levels, while the 50-day moving average continues to climb sharply. This lessening of purchasing pressure might offer the groundwork required for fresh bullish sentiment. Bitcoin needs to maintain its position at the current support levels, which are between $87,000 and $90,000, in order to attempt to reach the six-figure milestone again. If these levels are not maintained, additional downward pressure may result, possibly testing the $76,000 range. But the rally’s high trading volume suggests that there is a lot of market interest and that buyers might return soon. It will take a combination of persistent buying pressure and market catalysts like institutional inflows or advantageous macroeconomic conditions to break above $100,000.On the other hand, Bitcoin’s long-term trajectory is still firmly upward, bolstered by strong fundamentals such as growing institutional adoption and declining exchange supply. For the time being, everyone is watching to see if Bitcoin can maintain its momentum and defend important support zones. Beyond merely being a technical move, the breakout above $3,430 signifies a change in the mood of the market. This level has historically served as a technical and psychological barrier, and prior attempts to breach it were met with intense selling pressure.Ethereum has disproven the double-top pattern’s bearish connotations by crossing this barrier, paving the way for additional upward momentum. Ethereum has shown strong bullish signals on the chart. Long-term buying pressure is indicated by the rising moving averages, especially the 50-day and 100-day EMAs. The Relative Strength Index (RSI) is also still in bullish territory, indicating that more upside is possible before the asset is overbought.The next significant resistance level for Ethereum is between $3,800 and $4,000, if it can hold above $3,430. If ETH passes this test and consolidates above these levels, it may rise back to its prior all-time highs and spark a new market rally.But traders need to be careful. If $3,430 is not maintained, the market may retest the $3,100 or even $2,850 support levels. It will be crucial to monitor volume trends because declining momentum could be a sign of buyers’ lack of commitment. The chart indicates a strong bullish trend, with a notable breakout above the 50, 100 and 200 EMA levels. Notably rising momentum is indicated by TON’s recovery above these important moving averages. In addition, the high volume that accompanies this price movement suggests that investors are becoming more interested, which could keep the rally going. The next resistance level to keep an eye on if TON continues on its upward trajectory is approximately $7.50, a previous high from earlier this year. In the upcoming weeks, breaking this level might pave the way for $8.00 or even $8.50. If selling pressure increases, there may be a pullback to retest support at $6.00 or the 200 EMA close to $5.50.Overall, Toncoin’s recent surge demonstrates its tenacity and may pave the way for further gains. For investors to confirm a sustained bullish trend, they should wait for a clear move above $7.50. This article was originally published on U.Today More

Compass also flagged little potential that the recently introduced BITCOIN Act- which calls on the Treasury to accumulate the cryptocurrency- will become law. Compass said that while Trump could sign an executive order for the Treasury to establish a Bitcoin strategic reserve, a future administration could easily rescind the order. This would make the Bitcoin reserve unlike other government reserves, such as the strategic petroleum reserve, which were formed by legislation passed through Congress. The Treasury also has no Congressional authorization to use government funds to acquire Bitcoin, and it appears unlikely that a Republican controlled Congress- which is aiming to reduce fiscal spending- will approve funds for this purpose. Compass said that an elevated Federal deficit means that the government does not have additional deficit funding it can deploy to purchase Bitcoin. Government agencies will have to use discretionary funds to buy Bitcoin, which are severely limited in scope.The Bitcoin Act- which was proposed by Senator Cynthia Lummis, and called on the Treasury to deficit finance the purchase of 1 million Bitcoin over five years- was likely to be a “nonstarter,” Compass said. The brokerage sees a less than 10% chance the act will become law before 2026. Bitcoin rallied to record highs for the past three weeks on heightened expectations that Trump will dole out more crypto-friendly regulations. The coin stopped just shy of $100,000. But crypto markets saw some easing in recent sessions, as traders awaited more tangible cues on policy from Trump.  More

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