Cryptocurrency

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Penguiana, a new meme entrant on the Solana blockchain also looking to release a penguin-themed play-to-earn game later this year, has launched its much-anticipated $PENGU presale. Within two hours of going live, the penguin-themed play-to-earn game has raised almost 300 SOL. The 31-day presale period has officially begun, offering early adopters the chance to be part of $PENGU by visiting the Penguiana website.What is Penguiana?Penguiana is more than just a meme coin; it’s also building a vibrant play-to-earn platform inspired by the charm and charisma of penguins. The project aims to engage users within the crypto ecosystem, particularly those who have a penchant for meme coins.With the Solana blockchain’s fast processing speeds and low transaction fees, Penguiana is positioned to leverage these advantages to offer a compelling and rewarding experience to its community.A Novel Approach to Meme Coin PresalesPenguiana’s presale process is designed to ensure ease of participation and security for all investors. Participants are required to send SOL tokens to a designated presale wallet address to secure their $PENGU tokens, which will be airdropped to their wallets once the presale concludes.Users must confirm the authenticity of the wallet address and the website URL (penguiana.com) before initiating any transfers. This ensures that their contributions are secure and that they are participating in the official presale.To participate, prospective contributors should use a private wallet like Phantom, Solflare & Trust Wallet compatible with Solana. It is important to note that tokens sent from centralized exchanges such as Binance, Coinbase (NASDAQ:COIN), or Crypto.com will not be eligible for the $PENGU airdrop.For detailed instructions on how to engage in the presale, potential investors can refer to the guide provided on the Penguiana presale webpage. There is also a guide on how to acquire the $PENGU tokens.Stay Connected with PenguianaTo keep up with all the updates and partnership announcements, Penguiana invites users to join its vibrant community on Telegram and Discord.These platforms serve as the primary channels for real-time information and community engagement.About PenguianaPenguiana is a groundbreaking meme coin project launched on the Solana blockchain, inspired by the playful spirit of penguins. This project combines the fun of meme culture with the excitement of a play-to-earn blockchain game, offering both entertainment and investment potential.Users Can Stay Up to Date By Following Penguiana On Social MediaWebsite: https://penguiana.com/X: https://twitter.com/penguinaonsolTelegram: https://t.me/penguianaContactTeam LeadZan KowalskiPenguianacontact@penguiana.comThis article was originally published on Chainwire More

Protocol launches, growth trajectory, and industry-leading technology point toward more success to comeOn the first anniversary of Sui’s Mainnet launch, the Sui community is celebrating a landmark year that saw it rise from a nascent ecosystem to the top tier of Layer 1 blockchains, amassing household name partners and shipping multiple technology breakthroughs in the process. In the build-up to its launch in 2023, the chatter around Sui reached a level of excitement that has not been matched by any chain that has launched since. The first anniversary of Sui represents a culmination of the remarkable milestones achieved by the network in its first year.While centralized institutions face growing public distrust due to decades of anti-competitive and anti-consumer behavior and legacy blockchains lack the speed and technology to solve the problem, in a single year, Sui has emerged as the decentralized solution most capable of disrupting the status quo at scale. The innovations of Sui begin with Sui’s novel programming language, Move, which was created by Mysten Labs Co-founder and CTO Sam Blackshear. Move introduced a new architecture centered around objects, enabling performance and functionality that was simply not available on existing blockchains. The result is a blockchain that is singular in the industry — the universal coordination layer for intelligent assets.The results Sui has achieved have validated the team’s approach. In addition to not experiencing a single minute of downtime or instance of degraded performance since Mainnet launch, in the last 12 months, Sui has achieved:Sui has also introduced unique implementations of technologies that make adoption easier and make the blockchain accessible to mainstream users, both at the enterprise and retail levels. zkLogin is on-chain authorization with traditional OAuth providers like Google (NASDAQ:GOOGL) and Twitter, allowing all users to directly operate on-chain with the single sign-on process they have become accustomed to, removing the hurdle of managing wallet addresses and seed phrases. zkSend is an application exclusive to Sui that utilizes zkLogin to enable users to send and claim tokens simply by sharing or clicking a link. Sponsored transactions, enabled by Sui’s extremely low fees, empower builders to remove a final hurdle for engagement. Finally, Enoki, which was announced at Sui Basecamp, removes requirements for enterprises looking to incorporate blockchain technology with a turnkey solution that gives them access to build seamlessly on Sui.Also owing to the strength of the network and especially notable for an ecosystem so early in its development, Sui has quickly become one of the preeminent destinations for DeFi activity. Within 9 months of its Mainnet launch, Sui ranked in the Top 10 of all blockchains in TVL. A month later, Sui’s DEX volume also achieved top 10 status. Throughout, Wormhole stats show Sui as a top destination for bridging from Ethereum, including over a 30-day period where Sui saw more inflows than all other blockchains combined, and more than twice as much as the next closest blockchain. In each of these cases, Sui eclipsed numerous well-known networks that have existed for far longer.Builders and enterprises integrating with Sui are also adding to the growing momentum. Bluefin, a derivatives exchange that had already executed billions in transaction volume in its first iteration on another chain, shut that integration down to build on Sui. Solend, a leading lending protocol on Solana, chose Sui for its first integration beyond its initial network, launching the Suilend protocol which has already amassed over $30M TVL. Additionally, First Digital Labs, creator of FDUSD, the fastest-growing stablecoin in crypto with over $4B in market cap, chose Sui for its first expansion since its launch on Ethereum and BNB.Other notable ecosystem partnerships achieved in Sui’s first year include those with Alibaba (NYSE:BABA) Cloud and Google Cloud, which focused on enhancing security, scalability, developer tools and user experiences across a range of Web 3.0 and AI-powered applications. BytePlus, the web3 arm of ByteDance, partnered with Sui ecosystem partner Mysten Labs to explore collaboration on data warehousing, AI recommendation algorithms, and AI visual algorithms in web3 game platforms and socialFi projects on Sui. The crowds that gathered for Sui Basecamp 2024 represented the culmination of Sui’s arrival, as over 1,000 projects, partners, investors and enthusiasts from 65 countries around the world came to Paris in April to celebrate Sui at the vaunted Layer 1’s inaugural global conference.ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

As of the latest data from CoinMarketCap, Bitcoin is currently trading at $60,128, marking a 2.29% increase over the past 24 hours. The recovery follows a period of intense volatility that saw the world’s largest cryptocurrency experiencing a sharp correction earlier in the week.CryptoQuant, a leading on-chain analytics platform, recently shared insights suggesting a possible short-term rebound for the BTC price. According to its analysis, the movements of short-term investors hold significant sway over Bitcoin’s price fluctuations.The analysis suggests that during bull runs, a short-term rebound often coincides with the short-term SOPR reaching the bottom of the Bollinger Band. Notably, amid the current market adjustment, sentiment among general investors has been subdued, leading to a cooling down of overheated conditions.Consequently, experts anticipate a rebound in Bitcoin’s price following this adjustment period. While short-term fluctuations are inevitable in the world of cryptocurrencies, many experts believe that Bitcoin’s underlying fundamentals and the broader macroeconomic landscape bode well for its future trajectory.Moreover, there is optimism about the long-term prospects of Bitcoin and other digital assets. Growing institutional adoption, mainstream acceptance and the increasing integration of blockchain technology across various sectors show the underlying strength of the ecosystem.This article was originally published on U.Today More

In a blog post, Hayes said he believes the worst is behind us for now.Earlier this week, Bitcoin had dropped below $57,000 ahead of the Fed meeting. However, Fed Chairman Jerome Powell announced that, as many investors expected, interest rates would remain unchanged. BTC then traded sideways after the decision.Bitcoin, which gained 5.6% in the last 24 hours, surpassed $61,000 for the first time since the end of April, according to Decrypt.Arthur Hayes claimed that Bitcoin has reached its bottom, but he stated that he doesn’t plan to buy more at the moment. Instead, he mentioned buying Solana and dog-themed coins.According to Hayes, the good news is that developments such as the recent rescue operation by the U.S. Treasury, the Federal Reserve, and Republic First Bank indicate an increase in dollar liquidity. Just a month ago (before the latest Bitcoin halving), Hayes expressed skepticism about falling prices due to decreasing dollar liquidity.One of the main macroeconomic indicators highlighted by Hayes is that, according to the announcement made by the Federal Reserve in January, it is preparing to borrow about $41 billion more. More

CF Benchmarks CEO Sui Chung told Bloomberg News that despite a somewhat rocky start, crypto ETFs in Hong Kong will soar to $1 billion in assets under management (AUM) by the end of 2024.CF Benchmarks provides reference data for roughly $24 billion worth of cryptocurrency ETFs, including BlackRock’s U.S.-based fund valued at $15.9 billion. The firm generates revenue by licensing its benchmarks to these funds, benefiting from fees that increase with the funds’ assets under management.According to Chung, the majority of entities exploring spot bitcoin ETF pricing are asset managers and banks.CF Benchmarks accounts for about half of the crypto benchmarking market and is collaborating with the newly launched Bitcoin ETFs in Hong Kong. CEO Chung expects crypto ETFs to expand next into South Korea and Israel, citing South Korea’s high adoption of digital assets and preference for ETFs in savings strategies. Despite early forecasts of managing $5 billion in U.S. spot-Bitcoin ETFs this year, the actual figures have exceeded expectations, reaching more than four times the estimated amount. In January, the US Securities and Exchange Commission approved 11 spot bitcoin ETF applications from major firms including BlackRock (NYSE:BLK), Fidelity, Invesco, VanEck, and Franklin Templeton, granting them regulatory clearance. However, a recent pullback in investor interest has seen Bitcoin’s value drop from a record high in March, and U.S. crypto ETFs saw massive net outflows.CF Benchmarks expects revenue growth in the mid-double digits for the year. The UK firm reported revenues of £6 million ($7.5 million) in 2022 and plans to increase its staff by a third to over 40 employees. Since being acquired by Kraken in 2019, CF Benchmarks has also played a vital role in providing Bitcoin pricing for derivatives on the Chicago Mercantile Exchange, another major source of revenue for the company. More

The caution comes in response to the recent announcement by Wasabi Wallet, a leading player in Bitcoin privacy solutions, declaring the cessation of its coordination service effective June 1, 2024. The decision, attributed to the company zkSNACKs, has stirred significant concern within the crypto space.The development has broader implications beyond Wasabi Wallet users. It affects individuals utilizing other wallet clients connected to the zkSNACKs coordinator, such as Trezor Suite and BTCPayServer. Despite the cessation of its coinjoin coordination service, Wasabi Wallet will remain functional as a Bitcoin wallet, albeit with diminished privacy features.Snowden expressed genuine sadness at the news, suggesting that Wasabi Wallet could explore options for a decentralized replacement coordinator or implement alternative configurations to maintain privacy safeguards. He emphasized the urgency of integrating privacy measures directly into the Bitcoin protocol, citing years of advocating for this crucial development.The renowned privacy advocate has long been a vocal proponent of enhancing privacy within the cryptocurrency. Over the years, Snowden has underscored the necessity of incorporating advanced privacy features into Bitcoin’s core infrastructure to safeguard users’ financial sovereignty.This latest warning serves as a clarion call to Bitcoin developers, urging them to prioritize the integration of privacy-enhancing technologies at the protocol level. Snowden’s message underscores the imminent need to fortify privacy architecture to withstand potential regulatory challenges and ensure the long-term viability of the cryptocurrency as a tool for financial autonomy and privacy protection.This article was originally published on U.Today More

NFT portfolio management platform NFTBank is proud to announce the launch of NFTBank V2. This latest version offers users an enhanced experience in tracking and managing NFT investments with unmatched precision, acting as a prime tool to further expedite the revived web3 gaming movement. Renowned for its highly accurate NFT valuation and profit/loss tracking capabilities, NFTBank has fine-tuned NFTBank V2 to detect various NFT acquisition mechanisms, including minting, bulk purchasing, and transactions on secondary markets across all major NFT marketplaces. The upgrade marks a significant improvement in the platform’s functionality, providing users with a clear understanding of their investment performance.One of the standout features of NFTBank V2 is its ability to connect up to 3,000 wallets, offering users a consolidated view of their assets spread across different wallets and the most accurate cost-basis that accounts for internal transfers. Such a feature makes NFTBank the go-to platform for NFT tax-filing.Users can also manage these wallets in groups, allowing for differentiation in performance tracking across various strategies or wallet types. This level of customization and control is unprecedented in the NFT portfolio management space.The history of NFTBank’s involvement in the web3 gaming space dates back to the previous boom cycle. NFTBank was a close partner of major games like Axie Infinity and League of Kingdoms from its inception, assisting NFT owners in asset management and profit maximization. As web3 games and guilds experience a renaissance, they will find NFTBank V2 an indispensable tool for managing their treasuries.NFTBank is backed by prominent investors such as Hashed, DCG, Sequoia Capital, Bitkraft, Sfermion, 1kx and Dapper Labs. About NFTBank:NFTBank is a leading provider of NFT-focused portfolio management software. The platform offers advanced tools for NFT valuation, profit/loss tracking, and portfolio management, catering to the needs of web3 traders and investors. With a commitment to innovation and user experience, NFTBank is at the forefront of the evolving non-fungible token market.Website | Discord | X | MediumContactJen Kimjen@contxts.ioThis article was originally published on Chainwire More