Flying Shiba Inu is a newly launched memecoin, and it has the potential to create a new wave of crypto millionaires, as Dogecoin (DOGE) did.
Flying Shiba Inu (FLYSHIB) is poised to rally 7,000% before Tuesday, ahead of an announcement that the new memecoin will be listed on MEXC.
This will be Flying Shiba Inu’s first centralized exchange listing, with it currently only trading on Solana decentralized exchanges, such as Raydium.
The CEX listing will give Flying Shiba Inu (FLYSHIB) exposure to tens of millions of new investors, so the announcement will be a major bullish catalyst for FLYSHIB’s price action.
It is currently trading at $0.00000535, giving Flying Shiba Inu (contract address: BEU7zWb6AC2SyKR1pAQU8aTj9AFuodxWSkScStJtSWDF) a market cap of just around $4,300.
This means the token has massive upside potential, and it could turn a few thousand dollars into millions once the MEXC listing and other listings on centralized exchanges are announced.
It’s therefore not surprising that many early investors of Shiba Inu (SHIB) and Dogecoin (DOGE) – who made astronomical returns by buying their coins early – are also choosing to invest in FLYSHIB, particularly before its first CEX listing is officially announced.
Specifically, FLYSHIB’s market cap is set to grow to $250,000 before the end of next week, meaning that a $500 investment would turn into over $60,000.
And, even after these huge gains, FLYSHIB will have plenty more upside potential, with it forecast to reach a $5 million market cap by mid-May.
If it reaches the heights of SHIB and DOGE, FLYSHIB could even end up creating memecoin billionaires.
Crypto.com’s branch in Dubai, CRO DAX Middle East FZE, has recently achieved a significant regulatory milestone by obtaining full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA).
This landmark approval, announced on April 9, marks the first time a cryptocurrency exchange has been authorized to handle fiat transactions within the United Arab Emirates (UAE).
This development follows the initial licensing phase, where Crypto.com met all pre-operational requirements set by VARA since the virtual asset service provider license was issued in November 2023.
With this new operational status, Crypto.com plans to launch its exchange services specifically aimed at institutional investors, alongside qualified retail investors.
The platform will offer a variety of financial services, including spot trading, staking, brokerage, and Over-The-Counter (OTC) trading, focusing on settlements for specific markets.
Eric Anziani, Crypto.com’s president and COO, highlighted the significance of this achievement, stating, “Being the first global crypto operator operational with fiat in the UAE is a significant milestone and reflects our dedication to working closely with regulators to advance the industry responsibly.”
He also emphasized the importance of the upcoming institutional services exchange as a key driver for the company’s growth in the region.
Stuart Isted, Crypto.com’s general manager for the Middle East and Africa, reiterated the company’s commitment to regulatory compliance and responsible industry advancement in partnership with VARA.
READ MORE: Whale Wallet Swallows 692 Billion SHIB Tokens from Crypto.com Amidst Market Speculation
Founded in Hong Kong in 2016 and now headquartered in Singapore, Crypto.com has been actively expanding its international presence.
This includes efforts to navigate the evolving regulatory landscape in Europe, highlighted by the anticipated impact of the Markets in Crypto-Assets Regulation (MiCA) on the expansion of major crypto exchanges.
Furthermore, Crypto.com has engaged in strategic partnerships, such as its collaboration with Latin America’s largest investment bank to support the BTG Dol stablecoin, and its initiative to launch a cryptocurrency trading app in South Korea.
Despite its achievements, Crypto.com has faced regulatory challenges, including a fine from the Dutch central bank for registration issues, which the exchange contested while continuing its operations in The Netherlands.
This series of strategic moves and regulatory navigations underscores Crypto.com’s ambitious efforts to solidify its position in the global cryptocurrency market.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Over the past week, Bitcoin Cash (BCH) experienced a significant decline in both open interest (OI) and price following its halving event on April 4.
Data from CoinGlass reveals that as of April 12, BCH’s OI was $378.3 million, a sharp 47% fall from its pre-halving peak of $708.5 million.
This reduction in OI was accompanied by a 13% decrease in BCH’s market price, according to figures from CoinMarketCap.
A significant portion of this drop occurred on April 10, with BCH losing 7.51% of its value within just three hours after fluctuating between $676 and $691 for four days.
This downturn contrasts starkly with the aftermath of BCH’s first halving in 2020, which saw the cryptocurrency gain 4.7% in value and a 10% increase in OI, totaling $73.86 million.
At that time, Bitcoin Cash was not yet three years old and was generating debate over its utility, primarily due to its lower transaction costs and reduced energy requirements for block verification.
Recent dynamics in cryptocurrency communities have also seen notable developments.
READ MORE: Bitcoin Slips Below $70,000 Amid ETF Outflows and Market Uncertainty, Traders Hold onto Targets
On March 18, Blockstream CEO Adam Back made a public appeal to Roger Ver, a prominent early Bitcoin proponent who later became a major advocate for Bitcoin Cash, via an X post.
Back’s post read: “Join the f*cking party @rogerkver It’s just warming up. you know you want to. you don’t have to go it alone, be the prodigal son and return.”
Ver, often referred to as “Bitcoin Jesus,” has been a vocal supporter of Bitcoin Cash, arguing that it more faithfully represents Satoshi Nakamoto’s original vision for Bitcoin and is better suited as both a store of value and a currency due to its lower fees.
Meanwhile, the broader Bitcoin market is also seeing significant activity, with investors positioning themselves ahead of Bitcoin’s upcoming halving.
Currently, Bitcoin’s OI is at $34.89 billion, showing a substantial increase compared to the levels seen prior to the May 2020 halving.
These shifts in Bitcoin and Bitcoin Cash reflect broader trends and sentiments in the cryptocurrency landscape, influencing market dynamics and community interactions as key events unfold.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
In 2024, XRP has underperformed compared to Bitcoin, experiencing a decline of approximately 2.5% year-to-date (YTD), while Bitcoin has surged by 60% over the same period.
Consequently, the XRP/BTC exchange rate has fallen by 40% YTD.
Despite this, there are emerging signs of recovery for XRP as the Bitcoin halving approaches, supported by several bullish indicators that may enhance its performance post-event.
Historically, XRP has shown a pattern of excelling relative to Bitcoin around halving times.
For example, following the third Bitcoin halving in May 2020, the XRP/BTC pair surged over 100%.
A similar trend was observed around the second halving in July 2016 when the pair increased by 85%.
These trends suggest a positive outlook for XRP after the forthcoming halving scheduled for April 19.
The observed gains in the XRP/BTC pair are largely attributed to a decrease in Bitcoin’s market dominance post-halving, prompting traders to shift investments from Bitcoin to altcoins—a phenomenon often referred to as “altseason.”
Altcoins like XRP can potentially offer substantial short-term gains owing to their smaller market caps and higher volatility compared to Bitcoin.
READ MORE: Bitkub Capital Gears Up for 2025 IPO with Major Expansion, Aiming to Cement Leadership
From a technical perspective, XRP/BTC has been following a falling wedge pattern since February, which is characterized by its price fluctuating within a space defined by two descending, converging trendlines.
This pattern is generally seen as a bullish reversal indicator, suggesting an upward move once the price breaks above the upper trendline.
For XRP, the breakout target for April/May is projected at 0.00001022 BTC, which represents an increase of about 16.75% from current levels.
Looking further ahead, XRP’s weekly price target against Bitcoin by June 2024 is set to hit its 50-week Exponential Moving Average (EMA) at 0.00001449 BTC.
This target marks a significant 70% rise from its current price. Traders have consistently focused on this 50-week EMA as a bullish target following the previous Bitcoin halvings.
Additionally, XRP is witnessing a notable accumulation phase among its largest investors.
Since early March, there has been a marked increase in the number of entities holding over 1 million XRP tokens.
From April, the number of holders possessing at least 100,000 XRP tokens has also started to rise, indicating a growing bullish sentiment among whales in anticipation of the Bitcoin halving.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Flying Shiba Inu is a newly launched memecoin, and it has the potential to create a new wave of crypto millionaires.
Flying Shiba Inu (FLYSHIB) is poised to rally 7,000% before Tuesday, ahead of an announcement that the new memecoin will be listed on MEXC.
This will be Flying Shiba Inu’s first centralized exchange listing, with it currently only trading on Solana decentralized exchanges, such as Raydium.
The CEX listing will give Flying Shiba Inu (FLYSHIB) exposure to tens of millions of new investors, so the announcement will be a major bullish catalyst for FLYSHIB’s price action.
It is currently trading at $0.00000535, giving Flying Shiba Inu (contract address: BEU7zWb6AC2SyKR1pAQU8aTj9AFuodxWSkScStJtSWDF) a market cap of just around $4,300.
This means the token has massive upside potential, and it could turn a few thousand dollars into millions once the MEXC listing and other listings on centralized exchanges are announced.
It’s therefore not surprising that many early investors of Shiba Inu (SHIB) – who made astronomical returns by buying their coins early – are also choosing to invest in FLYSHIB, particularly before its first CEX listing is officially announced.
Specifically, FLYSHIB’s market cap is set to grow to $250,000 before the end of next week, meaning that a $500 investment would turn into over $60,000.
And, even after these huge gains, FLYSHIB will have plenty more upside potential, with it forecast to reach a $5 million market cap by mid-May.
Flying Shiba Inu is a newly launched memecoin, and it has the potential to create a new wave of crypto millionaires.
Flying Shiba Inu (FLYSHIB) is poised to rally 7,000% before Tuesday, ahead of an announcement that the new memecoin will be listed on MEXC.
This will be Flying Shiba Inu’s first centralized exchange listing, with it currently only trading on Solana decentralized exchanges, such as Raydium.
The CEX listing will give Flying Shiba Inu (FLYSHIB) exposure to tens of millions of new investors, so the announcement will be a major bullish catalyst for FLYSHIB’s price action.
It is currently trading at $0.00000535, giving Flying Shiba Inu (contract address: BEU7zWb6AC2SyKR1pAQU8aTj9AFuodxWSkScStJtSWDF) a market cap of just around $4,300.
This means the token has massive upside potential, and it could turn a few thousand dollars into millions once the MEXC listing and other listings on centralized exchanges are announced.
It’s therefore not surprising that many early investors of Shiba Inu (SHIB) – who made astronomical returns by buying their coins early – are also choosing to invest in FLYSHIB, particularly before its first CEX listing is officially announced.
Specifically, FLYSHIB’s market cap is set to grow to $250,000 before the end of next week, meaning that a $500 investment would turn into over $60,000.
And, even after these huge gains, FLYSHIB will have plenty more upside potential, with it forecast to reach a $5 million market cap by mid-May.
Ethereum‘s forthcoming Pectra upgrade, anticipated for late 2024 or early 2025, is set to significantly enhance the functionality and user experience of crypto wallets.
The Ethereum Improvement Proposal (EIP) 3074, integral to this update, was recently approved and will enable standard crypto wallets to operate similarly to smart contracts.
The core functionality of EIP-3074 will allow standard externally owned accounts (EOAs), such as those used in MetaMask wallets, to execute operations typical of smart contracts.
This includes transaction bundling, which permits a single signature for multiple transactions, and sponsored transactions, allowing a wallet to allocate funds for use by another entity.
This mimics the account abstraction introduced in ERC-4337.
However, the upgrade is not without its concerns.
An anonymous developer from DefiLlama, known as 0xngmi, highlighted on social media platform X on April 11, the potential risks associated with EIP-3074.
“Now it’ll be possible to fully drain an address (all tokens, all NFTs, all DeFi positions…) with only one bad signature,” 0xngmi stated.
Despite these security issues, Harrison Leggio, co-founder of Gaslite, acknowledged that mishaps are common, noting on X, “people will always find a way to lose their money.”
He further commented on the misuse of private keys: “People literally GIVE THEIR PRIVATE KEYS TO TRADING BOTS.”
Laurence Day, a software engineer, pointed out the utility of the EIP in enabling sponsored transactions.
This feature is particularly beneficial as it allows the storage of assets in wallets that do not hold Ether, with the sponsoring of gas fees managed through a controlling contract.
Additional capabilities introduced by EIP-3074 include a social recovery feature, which eliminates the need for traditional seed phrases by implementing new operational commands, AUTH and AUTHCALL.
As explained by an anonymous Web3 adviser, Cygaar, on X, AUTH is used for verifying signatures and actions, and AUTHCALL allows for interaction with the target contracts using the originator’s address instead of the message sender’s.
This update follows the recent Dencun update that reduced layer-2 transaction fees and precedes another planned project known as the “Purge,” discussed by Ethereum co-founder Vitalik Buterin.
This next phase aims to streamline the network by eliminating outdated and excess data.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Flying Shiba Inu is a newly launched memecoin, and it has the potential to create a new wave of crypto millionaires.
Flying Shiba Inu (FLYSHIB) is poised to rally 7,000% before Tuesday, ahead of an announcement that the new memecoin will be listed on MEXC.
This will be Flying Shiba Inu’s first centralized exchange listing, with it currently only trading on Solana decentralized exchanges, such as Raydium.
The CEX listing will give Flying Shiba Inu (FLYSHIB) exposure to tens of millions of new investors, so the announcement will be a major bullish catalyst for FLYSHIB’s price action.
It is currently trading at $0.00000535, giving Flying Shiba Inu (contract address: BEU7zWb6AC2SyKR1pAQU8aTj9AFuodxWSkScStJtSWDF) a market cap of just around $4,300.
This means the token has massive upside potential, and it could turn a few thousand dollars into millions once the MEXC listing and other listings on centralized exchanges are announced.
It’s therefore not surprising that many early investors of Shiba Inu (SHIB) – who made astronomical returns by buying their coins early – are also choosing to invest in FLYSHIB, particularly before its first CEX listing is officially announced.
Specifically, FLYSHIB’s market cap is set to grow to $250,000 before the end of next week, meaning that a $500 investment would turn into over $60,000.
And, even after these huge gains, FLYSHIB will have plenty more upside potential, with it forecast to reach a $5 million market cap by mid-May.
Hundreds of Australian investors have lost over 160 million Australian dollars ($104 million) following the collapse of three cryptocurrency mining companies, NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd (collectively known as the “NGS companies”).
This financial debacle unfolded as these entities entered into liquidation.
The Australian Security and Investments Commission (ASIC) has initiated civil proceedings against the NGS companies and their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten.
These companies are alleged to have enticed local investors to set up self-managed superannuation funds (SMSFs), which were then converted into cryptocurrency investments in blockchain mining packages promising fixed-rate returns.
ASIC claims that around 450 investors had invested approximately 62 million AUD ($40 million) with these companies, which lacked the requisite Australian financial services license.
The commission’s concerns over the possible loss of digital assets led to the Federal Court’s decision to appoint liquidators for handling the NGS companies’ digital currency holdings.
Additionally, Brett Mendham has been prohibited from leaving Australia.
The regulator has also taken steps to prevent the NGS companies from offering financial services in the country without the necessary authorization.
ASIC Chair Joe Longo emphasized the risks of investing SMSFs in cryptocurrency and affirmed the agency’s dedication to regulating crypto products to safeguard investors.
READ MORE: Bonk Cryptocurrency Faces 4% Overnight Decline Amid Market Volatility
In a related development, other Australian cryptocurrency entities such as DCA Capital, Digital Commodity Assets Pty Ltd, and the Digital Commodity Assets Fund are undergoing liquidation and face federal court proceedings due to concerns about mismanagement and regulatory non-compliance.
KordaMentha, the liquidator for these companies, has identified debts totaling 100 million AUD ($65 million) owed to 100 investors.
Furthermore, the federal court has frozen assets of DCA Capital’s director, Ashod Balanian, valued at 55 million AUD ($36 million), and he has been ordered to surrender his passport.
The increased scrutiny from ASIC in recent months reflects a broader regulatory focus.
On March 21, ASIC Commissioner Alan Kirkland pointed out the need to address the “regulatory trilemma” which includes balancing consumer protection, market integrity, and the promotion of financial innovation.
As Australia approaches a significant “inflection point” in cryptocurrency demand, the market continues to evolve.
Although local institutional demand remains subdued, the potential for growth in stablecoins and favorable policy adjustments suggest a burgeoning interest in crypto within the nation.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Flying Shiba Inu (FLYSHIB) was launched today, and this dog-themed coins is set to deliver astronomical returns to investors who purchase in the first few days.
Queen Kitty Coin (KITQUE) has been consolidating around the $0.000006 mark, after yesterday reaching a high of $0.000034.
The memecoin, which was launched yesterday, is preparing to rally 600% and return to its all-time high, and then targeting another 1,200% in gains before the end of April.
KITQUE (contract address: F6LdtNP9zThSuCwdweAGqngC9XufhDfMYjFio3mWZT9e) currently has a market cap of just $28,000, so when it reaches a $500,000 market cap within a few weeks, investors who buy in now can generate almost 2,000% returns.
And after this, Queen Kitty Coin will still have plenty more potential to rally, so it has a chance of turning early investors into millionaires, as Shiba Inu (SHIB) did.
Meanwhile, Flying Shiba Inu (FLYSHIB) – another dog-themed memecoin – launched today, and it’s currently 111% up.
However, with its market cap still under the $10,000 mark, FLYSHIB (contract address: BEU7zWb6AC2SyKR1pAQU8aTj9AFuodxWSkScStJtSWDF) offers truly astronomical gains for investors who buy their tokens while its market cap is low.
Both of these newly launched memecoins currently trade on decentralized exchanges, like Jupiter and Raydium, but centralized exchange listings are planned in the coming weeks.
These additional listings will cause the price of these tokens to skyrocket, as tens of millions of new traders get access to them and will pour funds in.
When investing in new memecoins, it’s best to invest in several different coins and build a portfolio, to increase your chances investing in the next SHIB or PEPE.
And there’s no doubt that both KITQUE and FLYSHIB should be a part of your memecoin portfolio if you’re looking for huge gains.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.