Oil King Pepe (OILPEPE) is a newly launched memecoin on the Solana blockchain, and it has the potential to become a mainstream coin, like Dogecoin (DOGE) and Shiba Inu (SHIB).
An early buyer of Oil King Pepe (OILPEPE) has generated a profit of almost 3,000%, turning a $130 investment into over $4,500.
The shrewd investor made the purchase a few hours after OILPEPE began trading on Raydium, and he hasn’t sold any of his tokens yet, as the price of Oil King Pepe is expected to rise another 20,000% from its current price.
In fact, most buyers of OILPEPE are deciding to hold onto their tokens and wait for further gains in the coming days and weeks, rather than realize their current profits.
OILPEPE will be listed on KuCoin, one of the largest centralized exchanges in the world, in July – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Oil King Pepe.
In around 24 hours after launch, Oil King Pepe rallied over 9,300% to reach a market cap of $5.6 million – and it is expected to soon hit a $60 million market cap.
Currently, Oil King Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy OILPEPE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Oil King Pepe by entering its contract address – GRUCh82C2aUXo2487mNWJx92s5K26pCtZp8HF47ZZAkc – in the receiving field.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Champaign, Illinois, United States, July 2nd, 2024, Chainwire
Pi Squared, (Proof of Proof), announced the closure of their first capital raise. Led by Polychain Capital, the syndicate includes ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, and Samsung Next. Angel investors include Shumo Chu, Harish Devarajan, Justin Drake, Sreeram Kanaan, Csongor Kiss, George Lambeth, Yilong Li, Calvin Liu, Lucian Mincu, Karthik Raju, and Common Prefix.
Using zero-knowledge (ZK) technology in a correct-by-construction and fundamentally unique way, Pi Squared will enable trustless remote computing, AI, and interoperable smart contracts for any blockchain or dApp. This will be made possible through the creation of a universal and disarmingly small ZK circuit that checks the integrity of mathematical proofs, which will provide verifiable-computing correctness guarantees to all languages and virtual machines (VMs) alike directly from their formal semantics, without any translation to a common language, VM, or instruction set architecture (ISA).
“Our mission is to revolutionize verifiable computing, making it universal for all languages and virtual machines, inherently correct-by-construction, and lightning-fast,” says Grigore Roșu, CEO of Pi Squared and CS Professor at University of Illinois Urbana-Champaign. “This will have many applications, including a universal settlement layer (USL) so all Blockchains, L1s and L2s, can be universal, correct, inter-operable and efficient. It does not end there, our long-term mission is to settle all science and knowledge on USL.”
“Pi Squared’s proof of proof technology will have a transformative impact across Web3 and beyond,” said Karthik Raju, GP at Polychain Capital. “Pi Squared’s universal ZK circuit will significantly increase the reach and applicability of Web3 for everyone, from builders to end users.”
Pi Squared will enable the next generation of verifiable computing that is universal and scalable with an optimally minimal trust base. The first product powered by Pi Squared is the Universal Settlement Layer (USL), an architecture for modular blockchains that enables the following characteristics:
Universality
Computations can be expressed in any high-level or virtual machine language, without the need for compilers or translators.
Provable correctness
Computations verified by the USL are mathematically proven to be correct, and any external entity can independently verify the correctness of the state of the USL.
Trust Base Minimality
USL exposes any trust assumptions in upper-layer computations for increased transparency, end-user awareness, and will minimize the trust base through correctness proofs.
App Interoperability
The USL will support interoperability between different application modules and networks (e.g. appchains).
Determinism and reproducibility
The validation is reproducible and independently verifiable by any external entity.
Pi Squared’s USL therefore provides end-to-end correctness guarantees for generic computations while minimizing the trust base underlying these computations. USL promotes verifiable computing as the standard distributed computing paradigm without requiring or promoting particular domain-specific languages (DSLs), VMs, or execution environments, all while being efficient and scalable.
Pi Squared will be presenting and exhibiting at events around EthCC in Brussels from July 8th to 11th. Attendees can listen to Pi Squared’s CEO, Grigore Roșu, speak at Restaking & Infra Day on July 8th and L2con on July 9th.
About Pi Squared
Pi Squared means ZK proofs of mathematical proofs. Pi Squared uses ZK technology in a correct-by-construction and fundamentally unique way. A universal and disarmingly small ZK circuit provides verifiable-computing correctness guarantees to all languages and VMs alike, without any translation to a common language, VM, or ISA. Pi Squared is led by UIUC professor Grigore Rosu, founder of the K framework and of Runtime Verification, and consists of researchers and founders of successful projects in formal methods, blockchain, and AI/ML.
To book a meeting with Pi Squared’s CEO and team, attendees can reach out to contact@pi2.network.
To learn more about Pi Squared’s vision and Proof of Proof, visit pi2.network and follow Pi Squared on social media.
Contact
Head of Marketing
Chris Hazelton
Pi Squared Inc
media@pi2.network
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Trump the Felon (TRUMPFEL) presents a similar opportunity for a limited time.
Trump the Felon (TRUMPFEL), a newly launched Solana memecoin, is poised to explode over 18,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
TRUMPFEL will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Trump the Felon.
Currently, Trump the Felon can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy TRUMPFEL on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump the Felon by entering its contract address – DspvMmTQrMCdaesTCFPf4PPGQxxRf2UPmj5b6CRUdaQf – in the receiving field.
TRUMPFEL currently has a market cap of $1.5 million, with over $45,000 in locked liquidity, meaning it has huge upside potential.
It has already rallied 3,900% in the last 24 hours, but massive additional gains are predicted and investors who buy at the current price could turn hundreds of dollars into hundreds of thousands.
In face, early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Runes, a new token standard on the Bitcoin blockchain, has seen a drastic decline in its daily transaction volume, dropping by more than 88% from its peak in June.
According to data from Dune Analytics analyzed by Crypto Koryo, the average daily transactions for Runes from June 22–28 fell sharply to 37,820.
This marks a significant decrease of nearly 90% compared to the 331,040 daily average recorded between June 9–15.
On June 24 alone, there were 23,238 transactions, the lowest since Runes launched during Bitcoin’s fourth halving event on April 20.
Runes transactions have consistently represented between 4.9% and 11.1% of all Bitcoin transactions over the past week.
The sharp decline in Runes transactions has had a notable impact on Bitcoin miner fees, particularly in the aftermath of the recent halving event.
READ MORE: Bitdeer Secures 30-Year Lease for Ohio Mining Site, Plans Massive Power Expansion
Over the last six days, Runes have contributed less than 2 Bitcoin in miner fees, a stark drop from its record high of 884 Bitcoin on April 24.
In comparison, fees from Ordinals inscriptions and BRC-20 tokens have also been minimal during this period.
Initially seen as a promising new revenue stream for miners who traditionally relied on peer-to-peer Bitcoin transfers for network fees, both Runes and Ordinals managed to offset the 50% reduction in block subsidy immediately after the April 20 halving event.
However, since then, trading volumes have shown significant unpredictability.
Runes, introduced by Ordinals inventor Casey Rodarmor on April 20, was touted as a more efficient alternative to creating new tokens on the Bitcoin network compared to the BRC-20 standard and other solutions.
Yet, the decline in network fees coupled with Bitcoin’s price fluctuations has led to a decrease in Bitcoin’s hash price, a critical metric for measuring miner revenue, approaching its lowest level in history.
Meanwhile, Bitcoin miner reserves dropped to 1.90 million Bitcoin on June 19, the lowest in over 14 years when measured in Bitcoin terms.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
New York, New York, July 2nd, 2024, Chainwire
Cartesi, a modular execution layer protocol that equips developers with access to a full Linux environment, and Avail, a modular blockchain framework designed to unify web3 and optimize data availability (DA) for scalable and customizable applications, are pleased to announce a close collaboration set to significantly advance web3 development.
This integration will offer a seamless and intuitive experience for developers by leveraging Cartesi’s RISC-V Linux-based execution capabilities and Avail’s reliable data availability solution, Avail DA. The user-friendly approach will simplify the complexities of decentralized application development, enabling faster and more efficient project deployment.
The modular stack allows both protocols to combine their unique properties, resulting in a robust protocol that is more powerful compared to monolithic stacks where all functionalities are integrated. In this sense, the Cartesi-Avail integration will enable developers to benefit from the increased computational power and flexible programming environment of the Cartesi stack, while also utilizing the enhanced data availability capabilities of Avail DA.
“By combining Cartesi’s cutting-edge RISC-V Linux-based execution with Avail DA, we are setting a new standard in the ease and efficiency of protocol development. This partnership empowers developers to overcome traditional barriers, accelerating innovation and the deployment of next-generation decentralized applications. We are thrilled to enable this leap forward in web3 development,” said Anurag Arjun, Co-Founder of Avail.
The collaboration between Cartesi and Avail marks a significant milestone in the web3 space. A dedicated data availability layer ensures critical transaction data remains available and verifiable while significantly reducing the costs associated with on-chain data availability. This makes dApps more affordable and accessible, while reliable data availability is crucial for the execution layer to perform transactions and execute contracts seamlessly.
“The Cartesi-Avail integration brings into reality a powerful infrastructure for new possibilities and use cases in web3. This is exciting for us and a breath of fresh air for the industry,” said Erick de Moura, Co-Founder of Cartesi.
This partnership is expected to drive the creation of a more robust and versatile ecosystem, particularly benefiting gaming and DeFi verticals, empowering developers to experiment and innovate without being hindered by the limitations of current infrastructure.
Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. By bridging the gap between traditional software and blockchain, Cartesi enables developers to create more sophisticated and scalable dApps with ease. Avail DA offers secure data availability guarantees for entire networks of blockchains, enabling them to scale efficiently and in an unlimited capacity. Using validity proofs with data availability sampling provides robust security and enhanced scalability for blockchain applications.
About Cartesi:
Cartesi is a powerful modular blockchain protocol that supercharges the web3 space. Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. To learn more about Cartesi, users can visit https://cartesi.io/
About Avail:
Avail is led by Polygon’s former co-founder Anurag Arjun and is building a unification layer to solve rollup fragmentation at scale. Avail addresses this from first principles solving blockchain scalability with Avail DA, a foundational DA layer which implements the same technology planned for Ethereum’s danksharding roadmap, including KZG Commitments and Data Availability Sampling (DAS). Avail Nexus addresses growing fragmentation concerns with permissionless interoperability, leveraging proof aggregation on Avail’s scalable DA layer. Avail’s security is then reinforced with multi-asset staking through Avail Fusion.
Users can learn more about Avail on Discord, Twitter, GitHub, Our Blog
Contact
PR Manager
Lindsay Strebel
Blokhaus Inc.
lindsay.strebel@blokhaus.io
Playboy Biden (PLAYBID) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Playboy Biden (PLAYBID), a Solana memecoin that was launched recently, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Playboy Biden presents a similar opportunity.
Playboy Biden has a market cap below $185,000 at the moment despite rallying 860% recently, meaning that when it just reaches a modest market cap of $10 million, early investors would generate returns of around 5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Playboy Biden could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Playboy Biden can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Playboy Biden on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Playboy Biden by entering its contract address – D4xVc71di6F8187sD2Mkvo1Bs87QHGoHzbcJKdFPBhvt – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PLAYBID.
Vitalik Buterin, co-founder of Ethereum, recently voiced his frustration with the current state of cryptocurrency regulation, highlighting a paradoxical situation faced by developers.
On the social media platform Warpcast, Buterin criticized regulatory efforts in the US, stating:
“The main challenge with crypto regulation (esp in the US) has always been this phenomenon where if you do something useless, or something where you’re asking people to give you money in exchange for vague references to potential returns at best, you are free and clear, but if you try to give your customers a clear story of where returns come from, and promises about what rights they have, then you’re screwed because you’re ‘a security.’
The incentive gradient that this ‘anarcho-tyranny’ creates ends up worse for the space than either plain anarchy or plain tyranny.”
He lamented the prevalence of bad actors and scams in the unregulated space, advocating for measures like limiting leverage, mandatory audits, transparency, and knowledge tests to weed out dubious projects.
While the feasibility of implementing cryptocurrency knowledge tests remains uncertain, Buterin emphasized the need for policies that address leverage limits and transparency requirements.
He criticized the US regulatory approach as inconsistent and opaque, suggesting a preference for regulations that incentivize clear, long-term project viability:
READ MORE: Bitcoin ETFs See $31M Inflows, Reversing Seven-Day Outflows
“I would much rather see us move to the opposite situation, where issuing a token without giving a clear long-term story for why it will maintain or increase in economic value is the riskier thing.”
However, Buterin acknowledged that achieving effective regulations requires genuine cooperation between regulators and the cryptocurrency industry:
“Actually getting to this will require good-faith engagement, both from regulators and from industry.”
In conclusion, Buterin’s critique underscores the challenges posed by current regulatory frameworks, advocating for reforms that promote transparency and long-term sustainability in cryptocurrency projects.
He argues that clear regulatory guidelines could mitigate risks associated with speculative investments and foster a more stable environment for innovation in the crypto space.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
The global presence of cryptocurrency ATMs has surged by 17.8% over the past year, reaching 38,279 units, approaching the previous peak of 39,541 set in December 2022.
According to Coin ATM Radar’s latest data for 2024, there have been 2,564 new installations, marking a notable turnaround from the net loss of 2,861 machines in 2023.
From July 2023 to May 2024, installations consistently rose, with June alone seeing a rebound of 377 machines after a slight dip of 115 in May.
Bitcoin Depot leads the market with 7,543 ATMs, followed by Coinflip with 5,057, and Athena Bitcoin with 2,756 units.
Bitcoin remains the dominant cryptocurrency transacted, alongside Bitcoin Cash, Ether, and Litecoin.
The United States hosts over 82% of all cryptocurrency ATMs globally, with Canada following at 7.7%.
READ MORE: Jamaal Bowman Loses Democratic Primary Amid Major PAC Opposition
Australia has shown remarkable growth, expanding nearly 17-fold to 1,107 machines over the past two years, positioning itself to potentially surpass Europe’s 1,584 ATMs.
Other significant countries in the cryptocurrency ATM market include Spain (313), Poland (279), El Salvador (215), Germany (177), and Hong Kong (169), with Romania, Georgia, Switzerland, Austria, and New Zealand each hosting over 100 ATMs.
Despite a decline in installations from December 2022 to July 2023, hitting a low of 32,764, the trend has reversed since then.
BitAccess, a prominent ATM manufacturer, saw its installations drop initially but has since rebounded with a net increase of 1,208 machines.
Overall, 72 countries among the 193 United Nations-recognized nations now feature cryptocurrency ATMs, underscoring the growing global adoption of digital currencies in everyday transactions.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Trump the Felon (TRUMPFEL) is a newly launched memecoin on the Solana blockchain, and it has the potential to become a mainstream coin, like Dogecoin (DOGE) and Shiba Inu (SHIB).
An early buyer of Trump the Felon (TRUMPFEL) has generated a profit of almost 3,000%, turning a $170 investment into over $5,000.
The shrewd investor made the purchase several hours after TRUMPFEL began trading on Raydium, and he hasn’t sold any of his tokens yet, as the price of Trump the Felon is expected to rise another 18,000% from its current price.
In fact, most buyers of TRUMPFEL are deciding to hold onto their tokens and wait for further gains in the coming days and weeks, rather than realize their current profits.
TRUMPFEL will be listed on KuCoin, one of the largest centralized exchanges in the world, in July – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Trump the Felon.
In around 24 hours after launch, Trump the Felon rallied over 4,200% to reach a market cap of $1.1 million – and it is expected to soon hit a $70 million market cap.
Currently, Trump the Felon can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy TRUMPFEL on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump the Felon by entering its contract address – DspvMmTQrMCdaesTCFPf4PPGQxxRf2UPmj5b6CRUdaQf – in the receiving field.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Playboy Biden (PLAYBID) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Playboy Biden (PLAYBID), a Solana memecoin that was launched recently, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Playboy Biden presents a similar opportunity.
Playboy Biden has a market cap below $160,000 at the moment despite rallying 810% recently, meaning that when it just reaches a modest market cap of $5 million, early investors would generate returns of around 70,000% in a matter of days or hours.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Playboy Biden could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Playboy Biden can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Playboy Biden on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Playboy Biden by entering its contract address – D4xVc71di6F8187sD2Mkvo1Bs87QHGoHzbcJKdFPBhvt – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PLAYBID.