Cryptocurrency

Namada, the shielded asset hub enabling shielded cross-chain transactions, has officially published its genesis block, marking the launch of its mainnet. Along with the commencement of staking and governance, this marks the start of the first phase of Namada’s five stage decentralized mainnet rollout. This marks an important step forward, offering comprehensive data protection and selective disclosure across the multichain landscape. Introducing NamadaNamada is designed to enable the protection of users’ personal data when using on-chain assets and engaging in cross-chain transactions. Its key innovation, the Multi-Asset Shielded Pool (NASDAQ:POOL) (MASP), can support the shielding of user data related to any asset, enabling shielded interactions across different blockchain networks. Namada enables selective disclosure, giving users the ability to share transaction data publicly and to specific parties. Additionally, Namada is introducing a unique shielding rewards system for users protecting their personal data.Namada introduces a suite of innovative features designed to protect user data while enabling seamless shielded cross-chain interactions:This process will unfold in five stages, each driven by community decisions via on-chain governance. Discussions around the mainnet release candidate software, configurations, genesis block draft, and tokenomics have taken place within the Namada community forum, ensuring a transparent, decentralized, and collective approach to the launch.The Anoma Foundation proposed the initial set of genesis allocations, including a total supply of 1 billion NAM tokens with no lockups, distributed among community members, early contributors, and future development initiatives. This decentralized approach ensures that the network’s launch and ongoing governance remain in the hands of its users.Namada is poised to support IBC-based assets initially, but can be upgraded in the future to support additional ecosystems, with the aim of becoming the data protection layer for the entire multichain ecosystem.About NamadaNamada is the shielded asset hub rewarding users to protect the multichain. By leveraging advanced zero-knowledge cryptography, Namada enables selective disclosure of personal data, offering unparalleled data protection across assets, applications, and blockchain networks. It introduces shielded cross-chain interactions and shielding rewards for users who protect their data and strengthen its shielded set.ContactPR RepresentativePatrick [email protected] article was originally published on Chainwire More

A New Chapter for MemecoinsPepeto has raised over $1 million during its presale phase, drawing notable interest from the cryptocurrency community. Beyond its role as a memecoin, Pepeto aims to elevate the entire memecoin sector by introducing a bridge and exchange platform to support liquidity, accessibility, and collaboration among tokens. With plans to adopt all next-generation memecoins in the anticipated 2025 bull run, Pepeto is positioning itself as a cornerstone project within the crypto community.Website upgrade and Early OpportunitiesPepeto has completed its Q4 2024 roadmap and is now progressing toward Q1 2025 milestones. As part of its ongoing growth, a recent update to its official website, https://pepetotoken.io, signals preparations for a potential announcement regarding PepetoSwap technology. With its evolving exchange ecosystem and growing interest, Pepeto is attracting early adopters ahead of broader market participation. Currently priced at just $0.000000094 and sharing the same total supply as Pepe (420T), Pepeto offers an opportunity for early engagement in the evolving memecoin landscape.X post: https://x.com/Pepetocoin/status/1863555223060365357Pepeto Unveils Upgrades Ahead of Beta LaunchPepeto continues to expand, highlighted by ongoing development efforts to launch the beta version of its bridge and exchange technology during the presale period. The upgraded official website, https://pepetotoken.io, now offers enhanced functionality to support upcoming utilities like cross-chain trading and token listings, aiming to bring new capabilities to the memecoin sector. With presale prices rising at each stage and staking options providing extra incentives, the project offers early access to its evolving ecosystem through the official platform.Pepeto’s Utility: Bridge EcosystemPepeto’s ecosystem distinguishes itself by providing tools designed to reshape the memecoin market:Pepeto’s Mythological NarrativePepeto’s mythological narrative, centered on its quest to gather six sacred documents, has intrigued the crypto community. The story of the God of Frogs highlights the project’s unique approach and evolving legacy. Additional details are available to interested users through Pepeto’s official website and social media channels at https://pepetotoken.io.ConclusionWith over $1 million raised and a growing ecosystem designed to support memecoins, Pepeto is making strides in the market. Combining a unique narrative, innovative tools, and an expanding community, the project is positioned to gain traction ahead of the 2025 bull run. The PepetoSwap technology upgrade signals further developments on the horizon.About PepetoPepeto is a memecoin project designed to integrate cross-chain utility with community-driven development. Offering zero-fee trading, blockchain bridge functionality, and a staking rewards program, Pepeto seeks to combine accessibility with practical features. The project emphasizes interoperability and long-term value, fostering a dedicated user base through its ecosystem innovations and community-focused approach.Disclaimerpepetotoken.io is the sole official platform for purchasing Pepeto tokens. Investors are encouraged to exercise caution and avoid unofficial sites. For accurate information, users can visit https://pepetotoken.io.Social Media:This article was originally published on Chainwire More

Bitcoin Hits Session Low, Falls Below $94,000 Amid Risk Off Sentiment Following Martial Law in South KoreaRelated stocks: More

The whale moved 47 BTC to an unknown address, while 3 BTC went to a Coinbase (NASDAQ:COIN) exchange-designated wallet.The price of Bitcoin has recorded a major shift over the past decade. Right now, all old investors in Bitcoin are in profit, with the price now sitting comfortably at $95,411.97, up by 0.78% in the past 24 hours. The current outlook and accrued gains make this period a good time to leave dormancy.Over the past few months, the number of BTC whales that have risen from dormancy has grown considerably. Though their emergence places selling pressure on Bitcoin, the broader market hype is helping to sustain the coin’s growth overall.Experts like Fundstrat’s Tom Lee are optimistic that the coin may eventually hit the $250,000 price mark by 2025. The odds are in the favor of the coin, with the FedWatch Tool showing high expectations of another interest rate cut this month.If this projection holds, it can spur a surge in the price of Bitcoin, complemented by the spot Bitcoin ETF’s record inflow rate.This article was originally published on U.Today More

Following the U.S. election victory by Donald Trump, the Ethereum blockchain has experienced a significant increase in transactional revenue, according to a report released on Monday by Steno Research. Mads Eberhardt, an analyst with Steno, highlighted the importance of this outcome for all on-chain activities, noting the surge has led to elevated staking rewards and an increase in the amount of ether (ETH) being burned through transaction fees. The report suggests that these factors are bolstering Ethereum’s token economics, thereby enhancing the appeal of ether as an asset.Steno’s report also pointed out a notable shift in stablecoin distribution, with the quantity of USDT on Ethereum surpassing its presence on the Tron network for the first time in over two years. This shift is indicative of a spike in on-chain activity and a corresponding rise in demand for ether, which is used to facilitate transactions on the network.The growth is not limited to the main Ethereum network. The number of daily transactions on Ethereum’s layer-2 networks, known as rollups, is on the rise. Rollups are designed to process transactions outside of the main Ethereum network, improving transaction speed and reducing costs. These layer-2 networks operate atop the base layer and are aimed at alleviating scaling issues and data congestion. While the daily fees paid by these rollups to the Ethereum network are currently not substantial, Steno Research anticipates that they may reach $1 million in the future, which would represent a significant contribution to the network’s economic structure.In a related development, Ether spot exchange-traded funds (ETFs) in the United States witnessed their largest single-day net inflow on Friday, surpassing their bitcoin (BTC) counterparts for the first time. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Smile Shop, the premier Asian e-commerce platform, has partnered with Conflux Network, China’s only regulatory-compliant public blockchain, to launch the BitUnion prepaid card. This partnership signifies a major expansion into global digital asset payment with cards welcome in 183 countries and regions. The BitUnion prepaid card operates on the recently launched UnionPay International USD prepaid card framework. UnionPay International, the world’s second-largest card payment processor, ensures seamless financial transactions. Users can load funds onto the card to make online purchases, use it at point-of-sale machines, or withdraw cash from UnionPay ATMs across 183 countries. The card can also be linked with popular third-party payment platforms like Alipay and WeChat Pay. Whether offline or online, transactions are settled at real-time exchange rates between local currencies and USD. The account approval process is quick, and management fees are waived during the initial launch period.As a key product in Conflux’s PayFi ecosystem, the prepaid card incorporates experienced security authentication systems from traditional finance. User data is managed by professional institutions, ensuring security and compliance. Fiat (BIT:STLAM) assets are held within the UnionPay account system, guaranteeing absolute security and reliability. The BitUnion prepaid card has obtained the highest-level financial security certifications, including 3DS and PCI-DSS, comprehensively protecting cardholders’ payment security. The prepaid card will support digital asset transactions and transfers within the Conflux Network, leveraging the blockchain-based PayFi system to overcome limitations in traditional payment infrastructure. Introducing traditional financial models (from credit cards to invoice financing and reverse factoring) into blockchain creates a more integrated value network. Conflux’s PayFi (Pay Finance) addresses inefficiencies in traditional payment systems while keeping financial operations aligned with real-time data, creating a large-scale model for blockchain consumer application ecosystems. As a high-performance Layer1 blockchain, Conflux has been at the forefront of technological advancements, particularly in the development of Stablecoins. They are now expanding their focus to encompass a comprehensive Payments infrastructure and cultivate the PayFi ecosystem. Aiming to become the blockchain of choice for consumer-grade Payments in the future, Conflux Foundation has committed 500 million CFX from the ecosystem fund to fuel the growth of PayFi stack components.About Smile Shop Smile Shop is a super e-commerce platform under Smile Shop Holdings Pte (Singapore), targeting Southeast Asian markets with the vision of becoming Southeast Asia’s most trusted fintech super e-commerce platform. About Conflux Network Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security. Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities including, Shanghai, China Telecom (NYSE:CHA), Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives. ContactMelissa [email protected] article was originally published on Chainwire More

Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from the comfort of their homes.Terminal Multi-Miner: a new gateway to home-based miningThe Terminal Multi-Miner from JDI supports multiple cryptocurrencies, including $DATA, $ANYONE, and other projects that are added through future updates. Its modular “mining lego” framework allows users to customize their setups for efficiency and flexibility, creating a straightforward way to engage with DePIN.Terminal T2: A powerful multi-miner designed for seamless multi-token mining, supporting $DATA and other tokens.The Terminal T2 model, scheduled for launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network. With Terminal T2, users can receive $DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.New accessibility in DePIN The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible. Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.The $DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner. As one of the mining options available, $DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017, complements this expertise with its scalable P2P infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima.The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.About StreamrStreamr is building the real-time data protocol for the decentralized web. Its scalable, low-latency and secure P2P Network enables data broadcasting and monetization at scale. By powering applications for DePIN projects and beyond, Streamr aims to decentralize data pipelines and create new opportunities for data-driven innovation. To learn more, users can visit streamr.network.About JDI Global Group LimitedFounded in 2016, JDI is a manufacturing and venture capital leader specializing in decentralized physical infrastructure networks. With investments in projects like Grass, Ator, and Geodnet, and hardware for networks like DIMO and Helium, JDI is shaping the future of Web3 and decentralized wireless networks. To learn more, users can visit jdiglobal.xyz.ContactsChief Commercial OfficerMark [email protected] of PartnershipAndre [email protected] article was originally published on Chainwire More

Trump’s recent statements reinforce his stance on preserving the dollar’s central role, TD Cowen analysts said a note. Over the weekend, he threatened the BRICS alliance—comprising nations such as China, Russia, India, and Brazil—with 100% tariffs if they move forward with plans for a new currency or seek alternatives to the dollar in global trade.TD Cowen analysts said that while some see a strategic bitcoin reserve as a hedge against the dollar’s potential decline, such an idea conflicts with Trump’s prioritization of U.S. economic and military power. They added that Trump views the dollar’s dominance as integral to American strength and influence, leaving little room for alternative reserves.Advocates for a Bitcoin reserve, including organizations like the Bitcoin Policy Center, suggest that holding digital assets like bitcoin could ensure the U.S. remains a leader in global finance. However, TD Cowen analysts find it improbable that Trump would endorse a move perceived as undermining the dollar.While Trump might reference bitcoin in public statements or social media posts to generate attention, TD Cowen believes any serious push for a reserve would require significant political capital, which Trump is unlikely to spend on this issue.The analysts suggest the debate could evolve over the next two years. They argue proponents of a bitcoin reserve may need to shift their rhetoric away from framing it as a hedge against dollar decline to gain traction in a Trump-led administration. More