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Showing posts from July, 2024

Yuga Labs Joins NFT Artist Cory Van Lew To Launch An Art Program For Children In Miami

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Yuga Labs, the digital asset incubation studio and the parent company of the famous Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token collections, has partnered with Cory Van Lew, a renowned digital artist, to launch an art program for children in Miami, United States of Florida. In this article, we shall assess the new art program in detail. Yuga Labs Launches Kids Art Program In Miami, Florida In an August 1 blog post, the Bored Ape Yacht Club creator confirmed partnering with non-fungible token artist Cory Van Lew to launch an art program for children. The new children’s art program, the ‘Big Brother Big Sister Miami Art Program’, will launch this summer in Miami City, United States of Florida. When you teach art to children, you never know how far your impact can reach. This summer @coryvanlew and @yugalabs kicked off the Big Brother Big Sister Miami art program. pic.twitter.com/hk9Zu7PKjZ — Yuga Labs (@yugalabs) July 31, 2024 Founded in 2021, Yuga Labs is a

Learn-to-Earn Project 99Bitcoins Token to End ICO in 5 Days After Raising $2.5M

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A trending new project called 99Bitcoins Token (99BTC) is making headlines in the crypto space after crossing the $2.5 million presale milestone. With its new L earn- to-Earn (L2E) model and high staking rewards, it’s changing how people learn about crypto. As the $99BTC presale enters the final week, buyers have a final chance to buy $99BTC at a presale price of $0.00116. 99Bitcoins Token Redefines Learning with Earn-While-You-Learn Model 99Bitcoins has been teaching people about cryptos since way back 2013 when most people hadn’t even heard of Bitcoin. They recently launched their native crypto called 99Bitcoins Token ($99BTC), which is an integral part of their new L2E ecosystem. It aims to create a system where you can earn while you learn. For example, if you’re taking a lesson on NFTs, you can learn about this topic b

Liquidium Starts Letting Users Borrow Bitcoin Liquidity Using Ordinals & Runes As Collateral

Liquidium, the digital asset lending platform created exclusively for Bitcoin-powered digital items, has started allowing non-fungible token collectors to borrow Bitcoin liquidity using their Runes and Ordinal collection as collateral. This bullish move will allow NFT traders to hold more Runes and Ordinals collections. Liquidium Lets Users Borrow BTC Using Ordinals & Runes As Collateral In a July 30 blog post, Liquidium confirmed letting its users borrow Bitcoin liquidity using their Ordinals and Runes non-fungible tokens as collateral. This advancement is expected to bring to life the Bitcoin-based NFT collections, which have suffered liquidity issues in the past several months. Data compiled by cryptoslam.io shows that Bitcoin NFT trading sales volume plunged to $74 million in July, down 54% from June 2024. The day has finally come! Rune lending and borrowing is finally in open beta 🫡 Go collateralize your runes to borrow Bitcoin against it! 👉 https://t.co/qkYLV5e1qC pi

Bitcoin ‘close to breakout’ as this formation puts next target at $320,000

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Amid Bitcoin’s (BTC) struggle to break past $70,000, a crypto technical analyst has stated that recent price movements suggest that the digital asset has the potential for a massive break out. Particularly, in an X post on July 29, the analyst, Gert van Lagen, noted that Bitcoin appears to be on the verge of a significant breakout, with its next potential target ranging between $240,000 and $320,000. This bullish outlook is highlighted by a compelling “Cup & Handle” formation on Bitcoin’s weekly chart. Notably, this pattern is typically seen as a bullish continuation pattern, indicating that the price is likely to continue in its current trend. In this case, Bitcoin’s price has formed a large, rounded bottom (the “cup”), followed by a consolidation period (the “handle”), which suggests an impending break out. Picks for you Supra laun

Hong Kong Lawmaker Pushes Bitcoin Reserves After Trump's Endorsement

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Bitcoin re serve s have recently become a key topic in global finance, with events in Hong Kong and the United States sparking much debate. Following former U.S. President Donald Trump’s support, a Hong Kong lawmaker’s plan to include Bitcoin in the region’s financial reserves has caught the eye of both the cryptocurrency community and traditional economic sectors. This article references data from the Crypto Markets Q3 2024 report by Coinbase Institutional and Glassnode. Also Read: Currency: Why Trump’s US Dollar Devaluation Plan Might Be A Bust? Bitcoin Reserves: Insights from Hong Kong and Trump Source: Canva Hong Kong’s Consideration of Bitcoin Reserves Hong Kong Legislative Council member Johnny Ng has promised to start talks about adding Bitcoin to the region’s financial reserves. Trump announced plans to establish a ‘strategic Bitcoin reserve’ if he wins re-election during his recent speech at the Bitcoin 2024 conference. Ng supports Bitcoin because it’s gaining global acceptan

Donald Trump ties himself to Bitcoin

Donald Trump, the sexual predator, financial felon, and former president, gave a speech at Bitcoin 2024 in Nashville in which he promised many things that the cryptocurrency industry has been hoping for. These included having the United States hold bitcoin, removing Securities and Exchange Commission (SEC) chairman Gary Gensler, and support for stablecoins. United States Bitcoin Reserve Trump noted that the United States Federal Government currently holds 210,000 bitcoins, and he insisted that if he is elected, it will hold them indefinitely. This isn’t a promise that he’ll likely be able to follow through with, since many of these coins likely have other claims against them. For example, more than 90,000 of these are bitcoins that were seized by the government with the arrest of Heather Morgan and Ilya Lichtenstein for laundering the proceeds of the Bitfinex hack.  ~110k btc 94.6k: bc1qazcm763858nkj2dj986etajv6wquslv8uxwczt 12.3k: bc1qkmk4v2xn29yge68fq6zh7gvfdqrvpq3v3p3y0s 2.8k

Analyst Michaël van de Poppe Predicts ‘Massive’ Crypto Breakout, Says Altcoins Gearing Up for Next Big Rally

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Widely followed analyst and trader Michaël van de Poppe believes crypto is on the verge of a big burst to the upside. Van de Poppe tells his 721,600 followers on the social media platform X that the total crypto market cap chart (TOTAL) is gearing up to take out its last resistance level at $2.66 trillion. The trader shares a chart suggesting that TOTAL is in a strong uptrend buoyed by bullish higher-low setups. “The total market capitalization of crypto is showing a massive, bullish chart. Within two-three months from now, we’re going to break through the all-time high and never come back again. It’s going to be fun.” Source: Michaël van de Poppe/X At time of writing, TOTAL is hovering at $2.410 trillion. Van de Poppe is also looking at the market cap of altcoins using the TOTAL3 chart, which tracks the overall valuation of crypto excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. According to the trader, TOTAL3 is en route to shatter its crucial res

Revolutionizing DeFi: Berachain’s PoL and Honeypot’s FTO for Enhanced Liquidity

Liquidity has been the backbone of DeFi (decentralized finance) since its inception. However, securing liquidity through locked capital is detrimental to DeFi in the long term. This realization acted as a catalyst behind the inception of Bera chain’ s Proof-of-Liquidity (PoL). The traditional Proof-of-Stake (PoS) mechanism has certain irreversible drawbacks. It provides an unfair advantage to network participants at the time of TGE (token generation event), laying the ground for mass sell-offs. Also, PoS leads to a reduction in liquidity for LP pools and transactions if the chain’ s security were to be improved. Since PoS chains follow a single token economic model, protocols do not have the flexibility of funding growth with their token holdings as it may lead to a slump in the token’s price. It is to tackle these challenges that Berachain leverages the PoL mechanism.

Shiba Inu Takes Backseat As Dogecoin, Pepe Record Surge In Volume

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The meme coin market was painted green. Most prominent assets like Dogecoin [DOGE], Pepe Coin [PEPE], Shiba Inu [SHIB], and dogwifhat [WIF] were all pocketing gains over the last 24 hours. WIF was seen topping the charts with a 6% daily rise. Shiba Inu wasn’t too far. At press time, the asset was trading at $0.00001682 with a 3% surge over the last 24 hours. Despite this notable increase, the most popular meme coin was seen lagging in terms of daily volume. Recent data reveals that Shiba Inu’s 24-hour volume fell 17.73% to $256,579,856 in the last 24 hours. Source Among the top four largest memecoins by market cap, Dogecoin had the second-highest daily volume despite its significant market cap. With a daily volume of $823,665,164, DOGE has experienced a decrease of 10.87% in the last day. At press time, Dogecoin was trading at $0.13 with a daily rise of 4.41%. In addition, Dogwifhat, which commands a daily volume of $451,499,845, a 24-hour fall of 9.4%, is in close second place in t

Solympics Meme Coin Price Explodes - Top Trending Crypto With Bitcoin, Ethereum

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Solympics, a cat-themed meme coin inspired by the Olympic Games, has exploded on the price chart a few hours ahead of the scheduled 2024 Paris Olympics. Rising by 41% in the last 24 hours, the token is trending alongside crypto giants like Bitcoin and Ethereum.  Solympics Up by 41% Over the last 24 hours, Solympics (SOLYMPICS) has risen by more than 41%. Since its launch on July 22, 2024, the SOLYMPICS price has experienced a 140% increase. At present, this low-cap crypto has a market capitalization of just above $2.7 million. What is Solympics? Solympics is a meme coin project showcasing its cat-based meme characters as competitors going against each other in the Olympic games.  This Solana-based meme coin, which has been described as “Solana’s memeable force meets the world’s favorite contest,” emerged as a surprise launch on Raydium and gained traction quickly thanks to its meme-atic roots. However, a deeper insight into the project’s official website reveals that

5 Best Crypto Presales To Invest in for 10x Gains

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Crypto prices have been largely stagnant this week, with the majority of coins seeing price decreases, dampening hopes of a summer bull run. However, numerous presales and ICOs are showing strong potential and can provide alternative investment opportunities in market downtimes. Let’s take a look at 5 crypto presales that could prove good investments this summer. WienerAI (WAI) WienerAI exists at the intersection between a meme coin and a sophisticated AI trading bot. With over $7 million raised, WAI is one of the most successful presales of the year, selling for $0.0073 per token. The project leverages a cute dog aesthetic but underneath hides an optimized AI trading bot. It’s capable of giving trading tips, doing technical Analysis , scouring the market for undervalued picks, and providing arbitrage bot protection.

Ethereum Whales Rapidly Accumulate ETH Amid Price Decline

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Ethereum whales have been busy in the market, as on-chain data shows that these investors have been heavily accumulating the second-largest crypto token by market cap. This comes amid a price decline in ETH’s price , with history suggesting that the crypto token might suffer more price declines in the short term.  Whales Accumulate More ETH Data from the market intelligence platform IntoTheBlock shows that Ethereum Whales bought 297,670 ETH ($1 billion) on July 24. The previous day, these whales also bought almost 400,000 ETH. Further data shows an increase of over 28% in the inflows into these whales’ addresses in the last seven days.   Related Reading Machine Learning Algorithm Predicts Shiba Inu Price Will Rise 119% In 5 Days 14 hours ago Source: IntoTheBlock The decline in outflows from these addresses further highlights these i