Degen Doge (DEGDOGE), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
Currently, Degen Doge can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Doge could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Degen Doge launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Degen Doge on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Doge by entering its contract address – DiocRJAvYE9NfXFVfXcHShAwvauJLkSHDKyy8Nnu8evG – 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 DEGDOGE.
Smiling Pepe (SMPEPE) could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Smiling Pepe (SMPEPE), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
This is because SMPEPE has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Smiling 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.
Early investors in SHIB and DOGE made astronomical returns, and Smiling Pepe could become the next viral memecoin.
Smiling Pepe launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Smiling Pepe on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Smiling Pepe by entering its contract address – FXXqi7yhM4vLMRryJYA9cpDTo3fD1tPmD1c8pLecuyCv – 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 SMPEPE.
Israel is accelerating the development of its central bank digital currency (CBDC), known as the digital shekel.
The Bank of Israel (BoI) plans to collaborate with various service providers to create an advanced digital payments ecosystem centered on this currency.
In a statement, the central bank announced the “Digital Shekel Challenge,” inspired by the “Project Rosalind” from the BIS Innovation Hub.
Project Rosalind is a joint effort between the Bank for International Settlements (BIS) and the Bank of England to develop prototypes for an application programming interface (API).
The BoI will provide a sandbox environment with a layer of APIs as part of the challenge. Participants will compete to develop real-time CBDC payment systems for the public.
Shauli Rejwan, managing partner at Masterkey Venture Capital, explained the initiative’s details to Cointelegraph.
The program consists of three phases: application and presentations, access to the new network for selected projects, and a final presentation to judges, including notable figures from recent crypto events.
Rejwan believes this initiative could bridge the gap between the Web3 industry and the government, despite the current exclusion of decentralized finance, zero knowledge, and permissionless solutions.
Israel has invited entities from private, public, and academic sectors to join the experiment. The central bank emphasized:
“Priority will be given to uses with original and innovative characteristics in the payments world, whether they are improvements to existing applications or completely new applications.”
READ MORE: Crypto Executives Say Nvidia Unlikely to Outperform Bitcoin Over Next Decade
While CBDCs are designed for universal use, participants in Israel’s experiment can also develop solutions for specific niches and scenarios.
On April 16, BoI deputy governor Andrew Abir expressed that competition between CBDCs and banks benefits the economy.
He believes public support for the digital shekel is strong.
“The digital shekel will not be developed by some anonymous Satoshi Nakamoto.
“Everyone will know who is behind the digital shekel and who is responsible for it — […] the same Bank of Israel that stands behind the cash we all know and trust.”
Abir noted that the digital shekel could also benefit the BoI by encouraging banks to offer higher interest rates.
A public consultation report from May 11 confirmed Abir’s views, showing broad support for CBDC research.
However, respondents unanimously expressed concerns about potential privacy breaches.
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 Hat on Trump (HATTRUMP) presents a similar opportunity for a limited time.
Hat on Trump (HATTRUMP), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
HATTRUMP 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 Hat on Trump.
Currently, Hat on Trump 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 HATTRUMP on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Hat on Trump by entering its contract address – BxJt15s4gypHswQjEu26jRxKaeo7btS7TvYqbyJxEzGZ – in the receiving field.
HATTRUMP currently has a market cap of just under $12,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
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.
A hospitality worker from Hendon, north London, was sentenced to six years and eight months in jail on May 24 for money laundering charges related to $2.5 billion in Bitcoin.
Jian Wen, 42, was convicted by a United Kingdom specialized court in March after authorities uncovered his involvement in converting fiat currency into crypto assets, including high-value properties and jewelry.
BBC reports indicate that Wen’s lifestyle change aroused suspicion.
After living in an apartment above a Chinese restaurant, he moved to a six-bedroom mansion in North London in 2017, paying around $21,420 a month.
This dramatic shift prompted further investigation, during which police examined 48 electronic devices and thousands of digital files, many translated from Mandarin.
The $2.5 billion Bitcoin seizure was the largest of its kind in the U.K., drawing comparisons to the 2016 Bitfinex hack where over $2 billion worth of Bitcoin was stolen.
In both cases, the culprits were apprehended while attempting to cash out their illicit gains, with their lavish lifestyles contributing to their downfall.
READ MORE: AI Project Worldcoin Faces Scrutiny Over Biometric Data Collection Amid Privacy Concerns
Critics often cite such cases to argue that cryptocurrency is predominantly used for money laundering.
However, a recent U.S. Treasury Department report counters this notion, suggesting that cryptocurrency is not a preferred method for money laundering.
While digital assets are susceptible to exploits and hacks due to third-party vulnerabilities, decentralized technology plays a crucial role in tracking down perpetrators.
The Bitfinex hackers were caught after seven years when they tried to move the stolen funds.
Similarly, many scammers and hackers have been apprehended and stolen funds recovered thanks to distributed ledger technology, which facilitates the tracking of these assets.
This technology has proven effective in tracing and capturing criminals, despite the vulnerabilities inherent in the digital asset ecosystem.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Bitcoin investors are known for their bullish outlook, and despite multiple failed attempts to sustain prices above $71,000, derivatives betting on $80,000 and $90,000 continue to rise.
This is driven by expectations of high-volatility events such as geopolitical tensions, socio-political changes, U.S. presidential support, and increased corporate adoption of Bitcoin.
Bitcoin bulls were overly optimistic, betting on $72,000 or higher
Bitcoin’s $6.5 billion options expiry on May 31 is a prime example.
Bulls’ failure to break the $70,000 resistance over the past week suggests these optimistic call (buy) options may become worthless.
Notably, 91% of these instruments were placed at $72,000 or higher, indicating a reliance on a sustained rally before May 31.
As the deadline nears, it appears Bitcoin bears may avoid significant losses.
Contrary to Bitcoin-only investor beliefs, BTC’s price is influenced by external factors like monetary policies, economic trends, inflation, unemployment, and confidence in the government’s bond-issuing capability.
Regardless of Bitcoin’s temporary correlation with the stock market and gold, investors usually hold cash and short-term U.S. Treasury bonds when market fear prevails.
The Nasdaq Composite index hitting an all-time high above 17,000 points on May 28 shows investor confidence in the U.S. Federal Reserve’s soft landing plan.
This plan aims for inflation to return to its 2% target while maintaining favorable corporate earnings.
This scenario boosts the outlook for risk-on assets, including Bitcoin, as reduced interest rates are expected.
The optimistic bets for Bitcoin’s monthly options expiry at 8:00 am UTC on May 31 reflect the 25% gains as BTC soared from $56,883 to $71,417 in early May.
However, this rally was unsustainable, especially after the approval of the spot Ethereum exchange-traded fund (ETF) in the U.S., creating competition for institutional funds.
Aggregate data predicts a $270 million profit for bulls if BTC trades above $70,000
To understand the odds for each BTC expiry price level, analyzing the open interest of calls (buy) and puts (sell) is essential.
READ MORE: AI Project Worldcoin Faces Scrutiny Over Biometric Data Collection Amid Privacy Concerns
Call options dominate with a 70% higher notional value, but Deribit’s $4.62 billion open interest will likely be much lower if BTC trades below $70,000 on May 31.
Similarly, put option investors will be disappointed if Bitcoin remains near $67,800, as only 5% of those $1.7 billion contracts were placed at $68,000 or higher.
Deribit leads the options market with a 71% market share of Bitcoin’s monthly open interest in May. However, aggregate data from various exchanges show different investor profiles.
The Chicago Mercantile Exchange (CME) is the second-largest player with $745 million, followed by OKX with $600 million. Binance and Bybit totaled $315 million and $160 million, respectively.
If Bitcoin stays near $67,800 on May 31, the aggregate open interest for call options will be $135 million, while put options at $68,000 will amount to $145 million.
This level is fairly balanced, but both bulls and bears have incentives to influence the price before expiry.
For instance, a $65,900 price would favor put options by $95 million, while an expiry at $70,000 or higher would give call options a $270 million advantage.
With less than three days until expiry, it seems unlikely bulls will push Bitcoin’s price above $70,000 without short-term catalysts, favoring a neutral outcome near $68,000.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Sam Altman was reportedly dismissed from OpenAI for allegedly withholding information from the board, according to a former board member, Helen Toner.
Toner, who previously served on the board, claimed during a Ted AI podcast episode on May 28 that Altman had repeatedly made it difficult for the board to perform its duties.
She stated:
“For years, Sam has made it really difficult for the board to do their job, by withholding information, misrepresenting things that were happening at the company, in some cases outright lying to the board.”
As an example, Toner alleged that Altman did not inform the board about the release of OpenAI’s ChatGPT. She mentioned:
“When ChatGPT came out in November 2022, the board was not informed in advance about that. We learned about ChatGPT on Twitter.”
Cointelegraph has approached OpenAI for comment on these allegations.
In November 2023, Altman was ousted from the board and briefly dismissed from his role as OpenAI’s CEO due to accusations of “not consistently candid in his communications with the board.”
This decision was met with significant backlash from the company’s employees.
Out of 700 staff, 505 signed a letter demanding the board’s resignation, leading to Altman’s reinstatement within a few days.
READ MORE: Argentina Collaborates with El Salvador to Enhance Cryptocurrency Adoption and Regulation
OpenAI’s board is tasked with making critical safety and security recommendations for the firm’s projects, a role that was allegedly hampered by the CEO’s lack of transparent communication.
Additionally, Toner claimed that Altman had concealed his ownership of the OpenAI Startup Fund from the board. She said:
“Sam didn’t inform the board that he owned the OpenAI Startup Fund, even though he was constantly claiming to be an independent board member with no financial interest in the company.”
Founded in 2021, the OpenAI Startup Fund is a $175 million venture capital fund investing in AI, technology, healthcare, and education companies with a positive global impact.
According to a March 29 filing with the United States Securities and Exchange Commission (SEC), OpenAI has since changed the fund’s governance structure, ensuring it is no longer owned or controlled by Altman.
The fund is now controlled by Ian Hathaway, a partner since 2021.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Smiling Pepe (SMPEPE) could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Smiling Pepe (SMPEPE), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because SMPEPE has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Smiling 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.
Early investors in SHIB and DOGE made astronomical returns, and Smiling Pepe could become the next viral memecoin.
Smiling Pepe launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Smiling Pepe on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Smiling Pepe by entering its contract address – FXXqi7yhM4vLMRryJYA9cpDTo3fD1tPmD1c8pLecuyCv – 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 SMPEPE.
The recent bullish run of memecoins has propelled Shiba Inu into the top-10 cryptocurrencies by market capitalization, surpassing Cardano.
Over the past couple of weeks, memecoins like Pepe, Shiba Inu, and Dogwifhat (WIF) have reached new all-time highs (ATHs), overtaking several established cryptocurrencies.
Cardano, which was once the third-ranked cryptocurrency during the 2020-21 bull run, has now slipped to 11th place, just behind Shiba Inu. Shiba Inu’s market cap stands at $16.4 billion, narrowly exceeding Cardano’s $16.3 billion.
Cardano is currently trading at $0.45, significantly down from its ATH of over $3.10.
While Bitcoin and other altcoins have recovered and even reached new ATHs, Cardano and Ripple have remained in a stagnant price range.
Besides Shiba Inu, Pepe temporarily overtook Polygon for the 18th position as it hit a new ATH. However, Pepe’s price soon corrected, dropping it back to the 19th spot.
Another rising memecoin, WIF, climbed to the 28th spot, surpassing Hedera with a market cap of $4 billion.
Currently, two memecoins, Dogecoin with a market cap of $23.8 billion and Shiba Inu, have secured places in the top 10 cryptocurrencies.
READ MORE: AI Project Worldcoin Faces Scrutiny Over Biometric Data Collection Amid Privacy Concerns
This current bull cycle marks the emergence of a new era of memecoins, many of which are less than a year old.
Memecoins like Pepe, WIF, and Book of Meme (BOME) have seen substantial gains since their inception within the last year.
The original memecoin, Dogecoin, and Shiba Inu, popular from the last bull run, have also experienced significant rallies this cycle.
However, their performance has not matched that of the newer memecoins or even their past bull run performances.
Amidst the overall sideways momentum and predominantly red charts for Bitcoin and other altcoins, memecoins have flourished.
They have not only achieved new highs but have also recorded double-digit gains.
Notably, six out of the top 10 gainers over the past 24 hours are memecoins, with weekly charts reflecting similar trends.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
The forex market is seen as being of paramount importance within the overall global financial structure. Situated in a wide range of participants, the market allows businesses and investors to convert one currency to another; the participants range from banks and commercial companies to central banks, investment management companies, and retail Forex brokers. This market allows liquidity exchange, desperately needed in a world economy where foreign currencies must be tapped.
It is a gigantic global financial market in terms of trading volume, with trillions changing hands daily and the most liquid market. The liquidity of the market is essential for maintenance of rates of exchange stability and for provisions for quick facilities of transactions. The benchmarks for trade in the market are witnessed all through the 24 hours of a day, all thanks to the decentralized nature of this market and various international time zones. These present opportunities for using the daily fluctuation in exchange rates to the maximum advantage but also carry risks.
Very often, dealing with the forex market considered the barometer of economic health is the responsibility of the government and economic officials. Exchange rates can affect inflation, exports, and imports and are part of a country’s overall financial performance. One country’s central bank may participate in market-aligning policies for the currency in a show of nation-by-nation interconnection in a globalized economy.
Forex Basics
Foreign exchange is the cog that gets the world’s economy rolling and brings with it the valuation of a currency and international trade.
Definition and History
The foreign exchange market is the short-term for the foreign exchange market. Participants buy and sell currencies in an open market system. This system evolved historically as nations adopted the concept of the gold standard in the late 19th and early 20th century and then went to a free-floating currency system after the collapse of the Bretton Woods agreement in the early 1970s. The market is not a fixed place. Instead, it operates in all the significant financial centers of the world.
Major Currencies and Market Participants
Major players in the Forex market include banks, commercial companies, central banks, investment and hedge funds, and individual traders. The list of major currencies, and therefore major players in the market, includes the US Dollar, the Euro, the Japanese Yen, and the British Pound. In fact, compared to each other, these very currencies would form ‘major pairs’ at some set time. Participants, by interacting with one another through OTC markets, further accrue the two key characteristics of Forex: its high degree of liquidity and dynamism. Here, explore the updated list of top forex signal channels on telegram.
Economics Theories That Justify Exchange Rates
Several economic theories try to explain why Forex exchange rates differ. The Purchasing Power Parity (PPP) posits that the price of goods should be the same in every country when expressed in the same currency. According to the Interest Rate Parity (IRP), two different currency interest rates should have some linkage to their exchange rates. Further, the Balance of Payments Theory studies the transactions between a country and the rest of the world to predict currency movements. What these theories do is provide a framework for understanding. They are only sometimes right, but they help one understand the movement of the change in the currency’s value.
Forex and International Trade
The foreign exchange market is part of the global monetary system and influences the course of international business through exchange rates; in addition, it provides the tools for risk management.
Impact on International Business
Forex plays a necessary role in international business; therefore, possession-in-conversion stores have been established in every country worldwide when making purchases. The foreign exchange market offers a global business an opportunity to purchase goods and services in any country in the currency of this specific country, with the price and tactics of calculating the cost of it and, subsequently, the profitability of businesses connected with the importation of goods and the export of services.
Exchange Rate Mechanism
Therefore, exchange rates underpin value in the mechanism that exists whenever one currency is traded for holding in another. Those rates can be based on several factors, such as economic performance, geopolitical stability, and market speculation. From this point of view, businesses should consider all these forces when performing proper product pricing and managing procurement costs.
- Flexible Exchange Rates: Exchange rates are determined by the market and, therefore, are highly flexible in some situations.
- Fixed Exchange Rates: A pegging of the currency of some countries to another would create more stability and hence reduce volatility.
- Hybrid Systems: In other countries, they do a combination or a mixture; they have bands or target exchange rates.
Risk Management Key Strategies
Companies working around foreign business markets often suit at least some risk management strategies that hedge the envisioned losses due to Forex market swings.
- Forward contracts stipulate currency transfers at a stated date and at an agreed-upon exchange rate.
- Currency Swaps: An exchange agreement for protection against liabilities on the principal and interest in one currency with an equivalent liability for principal and interest in another.
Option to the holder of the right but no obligation to exchange the currency at a pre-set exchange rate before a set date.
It is a strategy used by businesses as a tool for dealing with uncertainties, dealing in different currencies, and securing profit margins and financial stability.