Mumbai, India July 4th, 2024, Chainwire
Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM.
“We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into the Indian market, with access to over 30 million users, marks a significant milestone for Venom. It underscores our commitment to fostering innovation and adoption in the blockchain space, paving the way for greater engagement and growth in one of the world’s most dynamic crypto markets.” – Louis Tsu, CEO of Venom Foundation
Rajagopal Menon, VP of Marketing at WazirX, said, “VENOM network has already checked several boxes such as addressing scalability and transaction issues in the crypto ecosystem. It has a diverse range of partnerships and its ongoing expansion showcases its popularity and burgeoning user base. WazirX is excited to give users the opportunity to trade this token.”
India: A Key Market for Venom
As the global cryptocurrency landscape evolves, India has emerged as a vital hub for blockchain and crypto. With its tech-savvy population and rapidly growing crypto community, India represents a monumental opportunity for Venom to expand its reach and drive adoption.
Listings on WazirX and CoinDCX
WazirX: As India’s largest cryptocurrency exchange, WazirX serves over 16 million users. $VENOM is now available for trading in USDT and INR pairs.
CoinDCX: CoinDCX, another major player in the Indian market, boasts over 14 million users. $VENOM is also available for trading in USDT and INR pairs.
Key Highlights
Vast User Reach: The combined user base of over 30 million on WazirX and CoinDCX offers unparalleled exposure for $VENOM in India.
Market Expansion: These listings mark a crucial milestone in Venom’s expansion strategy, highlighting the explosive growth and adoption of $VENOM in one of the world’s fastest-growing crypto markets.
Enhanced Accessibility: Indian users now have streamlined access to trade $VENOM in their local currency, fostering greater adoption and engagement.
Conclusion
The listings of $VENOM on WazirX and CoinDCX are pivotal steps in Venom’s strategy to enhance its global reach and liquidity. These listings align with the Venom Foundation goal of increasing adoption and expanding it’s presence in the global crypto landscape.
About Venom
Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms. Learn more at https://venom.foundation/
Contact
Venom Foundation
media@venom.network
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.
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 830% 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.
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.
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.
Over half of the top American hedge funds have disclosed exposure to newly launched spot Bitcoin exchange-traded funds (ETFs) in a year, as BTC/USD has significantly outperformed major stocks and indexes.
Data from investment firm River reveals that 13 out of the top 25 United States hedge funds owned Bitcoin ETFs by the end of Q1 2024.
Notably, Millennium Management held 27,263 BTC worth $1.69 billion, making up about 2.5% of its total assets under management worth $67.7 billion.
Other significant players include Schonfeld Strategic Advisors with 6,734 BTC and Point72 Asset Management with 1,089 BTC.
In contrast, some top hedge funds, such as Bridgewater Associates, AQR Capital Management, and Balyasny Asset Management, have yet to invest in Bitcoin ETFs.
Interestingly, Bitcoin’s growing acceptance coincides with a rise in cash reserves across U.S. companies.
According to an analysis by treasury advisory firm Carfang Group, the cash or cash equivalents held by corporations reached a record high of $4.11 trillion in Q1 2024.
Some companies, namely Reddit, Semler Scientific, JPMorgan, and Wells Fargo, have allocated a small portion of their cash reserves to Bitcoin or Bitcoin ETFs.
This trend indicates that U.S. firms, including hedge funds and corporations, have become more confident in treating Bitcoin as a viable asset for diversification and hedging against traditional market risks.
Bitcoin outperforming Apple, Tesla stocks in 2024
Wall Street’s interest in Bitcoin grows as the cryptocurrency fares better than top stocks and stock indexes.
READ MORE: Vitalik Buterin Advocates Clearer Crypto Regulations Amid Regulatory Frustration in the US
BTC’s returns in the first half of 2024 were about 94%. In comparison, the U.S. benchmark S&P 500 index rose 23%, while the Dow Jones Industrial Average grew 14% in the same period.
Even Apple and Tesla stocks underperformed Bitcoin, returning 10% and -29%, respectively, year-to-date.
However, Nvidia, which recently became the world’s most valuable publicly traded company, outperformed Bitcoin, rising by over 150% in the first six months of 2024 due to an ongoing artificial intelligence boom.
Veteran trader Peter Brandt anticipates Bitcoin’s relevance growing as a hedging asset, particularly against traditional safe havens like gold.
He noted that BTC’s market capitalization could rise 230% against gold after 2025.
Earlier this year, ARK Invest’s annual research report concluded that institutional portfolios aiming for maximized risk-adjusted returns should have allocated 19.4% to Bitcoin in 2023.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Bitcoin focused on $63,000 on July 2 as attention shifted to macro liquidity changes.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to cement gains, accompanying the monthly close.
Despite failing to break key resistance levels above $64,000, Bitcoin traders found renewed optimism as July began.
“Bitcoin has resumed its uptrend,” popular trader and analyst Rekt Capital summarized in one of several posts on X (formerly Twitter).
Rekt Capital highlighted the monthly close as a key sign of strength, with a chart showing a breakout from June’s downtrend.
“The goal? To build a foundation from which it will be able to springboard to the Range High area at ~$71,500 over time,” he explained.
Fellow trader Daan Crypto Trades emphasized United States dollar liquidity trends.
As Cointelegraph reported, these are crucial for crypto market performance, with expectations of positive repercussions increasing last month.
“During this range, the BTC price has moved mostly in line with USD Liquidity,” he asserted alongside a comparative chart.
READ MORE: Runes Token Transactions Drop 88% Amid Bitcoin Blockchain Challenges
“We just saw a big decrease into a nice move up during this end of the quarter into the new quarter.
Liquidity has moved little this year but both BTC & Stocks have been front-running a future expansion of USD liquidity.”
Market analyst Cole Garner suggested that recent Federal Reserve liquidity changes could impact BTC price strength in the short term.
“Biggest Fed Net Liquidity rate-of-change spike in 15 months,” he observed.
“Last time that happened, bitcoin rose ~40% in one week. Not assuming a repeat, but you love to see it.”
Technical indicator data also hinted at increased volatility for Bitcoin.
On weekly timeframes, Bollinger Bands were constricting to levels seen only a handful of times in Bitcoin’s history—a classic precursor to major breakouts.
This phenomenon was observed on X by popular analyst Matthew Hyland.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
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.
Polkadot’s treasury holds just under $245 million in assets, but recent reports have caused concerns about its budget sustainability over the next two years.
These worries stem from a Polkadot treasury report suggesting the project’s budget would only last two years at the current spending rate.
“Polkadot’s Treasury is becoming more complex and harder to grasp,” said Tommi Enenkel, the head ambassador, in a June 28 report for the first half of 2024.
He highlighted that Polkadot is spending directly and allocating value in bounties and collectives for future use.
“At the current rate of spending, the Treasury has about two years of runway left, although the volatile nature of crypto-denominated treasuries makes it hard to predict with confidence,” Enenkel added.
This has sparked discussions about stricter budgeting or changing the system’s inflation parameters.
Despite these concerns, the treasury is not at risk of running out of funds after the current $245 million. Around 7% of the total token inflation (staking rewards) is continually sent to the treasury.
Giotto de Filippi, a notable DOT activist, clarified to Cointelegraph that “the inflation in Polkadot is split between stakers and the treasury, to ensure that the treasury will always have money… So it doesn’t make sense to talk about money.”
READ MORE: Dogecoin’s Surge in Trading Volume Sparks Bullish Momentum in Crypto Sphere
Polkadot’s treasury includes $188 million in liquid assets, primarily in Polkadot (DOT) tokens, along with stablecoins Tether (USDT) and USD Coin (USDC).
In the first half of the year, Polkadot experienced a significant increase in spending, totaling $87 million. Over 40% ($36.7 million) went towards advertising, influencers, conferences, and events.
Enenkel noted that spending became more efficient as DOT’s price peaked at $11.46 in mid-March 2024, the highest since May 2022.
Although the price has since dropped to $6.33, it is up nearly 11% on the week, according to CoinGecko.
Cointelegraph has approached Polkadot for comments on these concerns. Enenkel observed that ecosystem worries about treasury usage are growing, with balances declining since mid-2023.
Revenue dropped by 58.5% from the second half of 2023, attributed to decreased network fees.
The treasury received over 5.2 million DOT in inflation-based income in the first half of the year, down from 7.8 million DOT in the prior half-year.
Enenkel suggested creating departments represented as bounties and collectives for more effective treasury capital deployment, and proposed lowering DOT’s 10% inflation rate to reduce selling pressure and strengthen its purchasing power.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.