SEC - Page 143

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Galaxis Gears up for Token Launch: Announces $1,000,000 Creator and Community Member Grants & Bybit IDO

Zurich, Switzerland, May 3rd, 2024, Chainwire

Galaxis is preparing for this month’s token launch on Bybit, with the first phase commencing through the IDO. To further enhance this launch, Galaxis has announced a substantial $1,000,000 Community Creator and Community Member Grant Program. This initiative incentivizes both community creators and members for active engagement in the Galaxis ecosystem.

Galaxis, known for its partnerships with Mike Tyson, Steve Aoki, and the NBA, promotes the Web3 creator movement by offering a platform for creators to benefit from their work. The platform’s distinctive feature is its customizable membership cards. These cards do more than just act as digital tokens; they encourage community support by offering perks and access to physical and digital experiences. It’s worth noting that Galaxis has seen significant success, with over 32,000 ETH traded in secondary markets and over $9 million USD secured through the Galaxis Engines.

About Galaxis Community Creator Grants

Galaxis has pledged an impressive $1,000,000 in Creator and Community Member Grants with support from CoinMarketCap. This commitment is split between the Creator Grant Program and the Community Member Grant Program, each of which will be awarded with $500,000 over the next 12 months in return for their community engagement. The initiative encourages active community engagement and supports creators by offering monthly rewards based on membership tiers.

To kickstart this initiative, creators can launch their community membership cards for free on Galaxis, and community members can attain Full or VIP Member status by topping up their cards with GALAXIS tokens. The more a community grows and the higher the tier members choose, the more the creators earn. Both creators and community members can benefit from exclusive perks of their chosen membership tier.

“We are truly excited about the $1,000,000 Creator and Community Grants. Our mission has always been to support and empower creators. This initiative stands as a testament to that commitment, providing both the support and theplatform creators need to thrive,”Andras, CEO of Galaxis.

For more detailed information about the grant programs and how they work, please refer to the official Galaxis website.

Token Launch on Bybit

Galaxis, a leading platform for creators, is preparing for an exciting dual launch – both its token and platform are set to be unveiled. The first phase of the token launch is an Initial DEX Offering (IDO) on Bybit, which is set to commence on the 3rd of May. This success lays a strong foundation for the upcoming launch and the continued growth of the Galaxis ecosystem, reinforcing Galaxis’s position as a key player for creators.

For further details about the token launch and how to engage, users can visit the official Bybit website.

About Galaxis

Galaxis is a groundbreaking platform designed to empower creators and brands in the ever-evolving Web3 ecosystem. Leveraging the latest in blockchain technology, Galaxis provides a suite of tools and services to create, manage, and sell dynamic NFTs (Non-Fungible Tokens) with utility. These advanced NFTs go beyond traditional digital collectibles by offering real-world benefits and interactive features, allowing creators to engage with their communities in meaningful ways. From customizable smart contracts to integrated marketplaces, Galaxis is at the forefront of the NFT revolution, offering a decentralized and secure environment for creators to unleash their potential and for collectors to discover unique digital assets.

Contact

Andras K.
info@galaxis.xyz

Australian Stock Exchange Set to Approve Spot Bitcoin ETFs by End of 2024

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Australia’s major stock exchange, the Australian Securities Exchange (ASX), may soon give the green light to several spot Bitcoin exchange-traded funds (ETFs) before the close of 2024.

VanEck Australia and local ETF-focused fund manager BetaShares are poised to have their spot Bitcoin ETF applications approved by year-end, according to insiders cited by Bloomberg, mirroring moves made by fund issuers in the United States and Hong Kong.

The surge in spot Bitcoin ETF applications follows approvals in the United States, where a total of eleven products have amassed a staggering $53 billion in assets under management (AUM).

Justin Arzadon, BetaShares’ head of digital, credited the substantial inflows into U.S.-based ETFs as a catalyst for launching similar products in Australia, asserting they demonstrate the enduring presence of digital assets.

Jeff Yew, CEO of Monochrome, a crypto asset management firm with a competing exchange application, described Australia as a “very crypto-heavy country” and anticipates Australian spot Bitcoin ETFs to draw in $3 billion to $4 billion in net inflows within the initial three years.

READ MORE: Whale Transfers Signal Potential Upswing for Bitcoin and Ether as $1.3 Billion Enters Coinbase

Yew highlighted the demand for Bitcoin ETFs among fund managers seeking exposure to Bitcoin, self-managed super fund (SMSF) investors, and a segment of retail investors.

Currently, SMSF investors carry direct exposure to Bitcoin on crypto exchanges, a practice Yew views as inherently risky, akin to a “ticking time bomb” should exchanges falter.

He emphasized the regulatory oversight and safety afforded by Bitcoin ETFs, contrasting them with direct crypto exchange exposure.

Monochrome initially sought approval for a spot Bitcoin ETF with the ASX in July 14, 2023, but shifted to Cboe Australia due to the ASX’s prolonged approval process.

Yew cited Cboe Australia’s more pragmatic timeline and transparent listing framework as reasons for the switch, noting the challenges the ASX has faced with regulatory issues and limited appetite for new products.

Despite this, Yew remains optimistic about Cboe Australia approving Monochrome’s application “within the next few weeks.”


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Bitcoin Price Plunges Following Lackluster Debut of Hong Kong ETF

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The launch of a spot Bitcoin exchange-traded fund (ETF) in Hong Kong on April 30 triggered a significant decline in Bitcoin’s price.

Despite expectations of substantial demand, including projections of $140 million, the opening day’s total trading volume, incorporating Ether ETFs, amounted to only $12.4 million.

Consequently, the premium on Bitcoin futures plummeted to its lowest point in five months, indicating a potential bearish trend.

Various factors have contributed to this negative pressure on Bitcoin’s price.

Weak macroeconomic conditions and uncertainties surrounding U.S. spot BTC ETF flows have been prominent among them.

Investors’ confidence in the United States Federal Reserve’s ability to implement two interest rate reductions in 2024 has waned, with Fed Chair Jerome Powell scheduled to deliver post-meeting remarks on May 1, prompting cautious market behavior.

Continued net outflows from U.S.-listed spot Bitcoin ETFs over four consecutive sessions have raised further concerns.

Investors have been withdrawing funds from the Grayscale GBTC ETF due to its high fees, while the Blackrock IBIT ETF has experienced minimal activity.

READ MORE: Top SHIB Holders Revealed: Burn Address Dominates, Whales Shift Billions, and Shibarium Upgrade Looms

This trend suggests diminishing interest in such investments within the U.S. market despite the lackluster performance of the Hong Kong spot ETF.

Previously, cryptocurrency ETFs based on futures contracts listed on the Hong Kong exchange (HKEX) had attracted substantial net inflows totaling $529 million in the first quarter of 2024.

Hence, the disappointing debut of the spot instrument on April 30 came as an unexpected setback. Analysts, including Bloomberg’s Eric Balchunas, speculate that poor timing may have contributed to the low trading volumes.

The broader financial landscape also played a role, with the S&P 500 poised to register its first negative monthly performance in six months in April, and yields on U.S. 5-year Treasury notes rising from 4.2% to 4.7%.

Market participants often exit fixed-income positions amid fears of rising inflation or expectations of continued


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Tether Makes Landmark $200 Million Investment in Blackrock Neurotech, Pioneering Human-Technology Interface

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Tether, the entity behind the renowned Tether stablecoin, recently underwent significant restructuring, culminating in a substantial investment move.

On April 29, Tether revealed a strategic infusion of $200 million into Blackrock Neurotech, effectively securing a majority stake in the neural implant company.

This investment marked the inaugural venture of Tether Evo, a fresh division concentrating on the convergence of human potential and technology.

Established in 2008, Blackrock Neurotech stands as a trailblazer in human brain-computer-interface (BCI) technology, renowned for its cutting-edge interfaces.

The company is dedicated to aiding millions worldwide afflicted by paralysis and neurological disorders hindering basic functions.

Blackrock Neurotech’s groundbreaking brain interface technology has empowered patients to control robotic arms, navigate wheelchairs, communicate, browse the internet, and even drive vehicles using their thoughts.

In a notable instance in 2016, patient Nathan Copeland made headlines by utilizing Blackrock BCI to interact with a robotic arm, culminating in a fist bump with then-U.S. President Barack Obama.

READ MORE: Dogecoin Leads Meme Coin Rally with 4.43% Increase in Value Over Past Month

Tether’s $200 million investment aims to bolster the commercialization and implementation of medical solutions already benefiting over 40 individuals.

Additionally, the investment will fuel advancements in research and development, ensuring Blackrock Neurotech remains a key player in the BCI landscape with a steadfast focus on human advancement.

Paolo Ardoino, CEO of Tether, envisions Blackrock Neurotech as merely the inception of Tether Evo’s mission to champion projects that redefine technological boundaries in enhancing human potential.

He stated, “Blackrock Neurotech represents a leap towards a future where technology not only complements but enhances our human experience, and we at Tether are proud to begin this journey with them.”

Florian Solzbacher, co-founder of Blackrock Neurotech, emphasized the company’s long-term commitment to restoring functions in individuals, underscoring the necessity of dedicated and visionary partners.

He expressed gratitude towards Tether, highlighting their shared vision in fostering technological innovations for the betterment of humanity.

This announcement follows Tether’s introduction of four new business divisions on April 18, signaling its diversified focus across Tether Data, Tether Finance, Tether Power, and Tether Edu.


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Bitbot’s Presale Passes $3M After AI Development Update

London, United Kingdom, May 2nd, 2024, Chainwire

AI-powered Telegram trading bot, Bitbot, has surged past the $3M mark in its presale after outlining its updated product offering. Bitbot now includes a layer of AI development on its blockchain analysis tool, Gem Scanner. The project has hurtled into stage 12 of its short 15-stage presale due to end this quarter, at which point the BITBOT token will be unleashed upon the open market. 

The Bitbot community now numbers over 140k, with 110k+ followers on X and a Telegram channel approaching 30k. Bitbot’s team hopes to convert a good portion of this into paying customers when the product launches this year.

The presale has been supported by Bitbot’s recent rebrand, which includes a new website with updated visuals and, most crucially, a spotlight on Bitbot’s AI features. Bitbot’s team is optimistic that investing in AI to boost its trading engine is one of the factors likely driving the heightened interest in the presale.

Bitbot is establishing its status as a game-changing project by offering the world’s first non-custodial Telegram trading platform, ensuring users’ funds only transfer once trades are complete. This is combined with an arsenal of AI trading weapons that give retail investors the firepower they need when competing against the institutions. 

Bitbot (BITBOT) is available to buy on the official site.

Gem Scanner: merging AI with on-chain analysis

Powered by Bitbot’s proprietary AI, the Gem Scanner aims to uncover undervalued, low-cap tokens with the potential to achieve multi-digit rallies.

The Gem Scanner scours top data aggregators such as DEX Screener and Birdeye while combining social media feeds to make predictions based on both market data and audience sentiment.

This productivity-boosting tech eliminates the reliance on conducting hours of meticulous market analysis. It will typically appeal to retail traders and therefore help drive production adoption. With this offering, the team hopes to see Bitbot take market share away from key competitors Banana Gun and Maestro over the coming year.

AI and blockchain are on the rise

Tech stalwarts Google and Microsoft both enjoyed AI-driven stock price surges recently, with Reuters reporting spikes of 10% and 2%, respectively. 

And with demand for AI features outstripping capacity to supply the market, the industry appears poised for sustained growth. This is supported by sector predictions, which lay out an expected compounded annual growth rate (CAGR) of 28.4% per year until 2030.

Blockchain offers a similar story, with a CAGR of 24% projected. AI crypto tokens are currently valued at just under $20 billion, with a daily trading volume of around $900 million, according to CoinGecko.

Bitbot has repositioned itself to meet this growing demand for AI in the crypto market by offering a range of advanced technologies.

Speaking on the decision to refocus efforts towards AI capabilities, Bitbot’s Technical Product Officer, Andrew Jacobs, said:

“Our mission has always been to give our users the tools that have enabled institutions to dominate financial markets, and the benefits our AI offers are the best equalizer we’ve seen on the market so far. Plus, AI positioning is currently generating great returns for many projects in the space, and we predict BITBOT holders will feel the benefit of this.”

Bitbot’s exciting market outlook

With its enhanced focus on AI, Bitbot is positioned to engage with the increasing interest in AI projects. The market has observed notable activity, such as the performance of BitTensor (TAO), an AI coin which experienced significant price changes, rising from $34 last year to $757 in March.

Within the Telegram bot sector, there is plenty of precedent for strong performance as well. Competitors like Banana Gun have experienced 200% rallies in just six months, and in early April, they saw 80x gains from early presale price. With its enhanced security and AI iterations on these first-generation products, the Bitbot team is optimistic about surpassing these results.

About Bitbot

Bitbot is a new AI Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features, including sniping and copy trading.

Audited by Solid Proof, Bitbot focuses on security and follows the motto, “Your keys, Your wallet, Your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rug technology.

For more information, users can visit the website.

Official Website | Whitepaper | Socials

Bitbot is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Bitbot Press Team
Bitbot
pr@bitbot.com

AppLayer Unveils Fastest EVM Network and $1.5M Network Incentive Program

Panama City, Panama, May 2nd, 2024, Chainwire

AppLayer has unveiled the fastest and most robust infrastructure for scaling Ethereum-based applications, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers.

AppLayer offers an EVM network that’s 10 times faster than standard Golang based EVM networks and an even more amazing 65 times execution speed boost with C++ stateful pre-compiles. Imagine having both the speediest EVM in the game and the best tools to build on it – that’s what AppLayer brings to the table!

The Game Changer: Stateful Pre-compiled Smart Contracts

AppLayer is not only a speed powerhouse but also allows for comprehensive composability with game-changing stateful pre-compiles that are a cornerstone of this release, offering an unmatched ability to process complex smart contracts at unprecedented speeds.

But what does this mean for everyday users and developers? It’s simple: AppLayer’s network brings the power of advanced blockchain technology right to the user’s fingertips. Developers can now create their own stateful pre-compiles as smart contracts with features and syntax that are identical to Solidity, but with the added turbo-charge of C++ performance.

The real excitement stems from the intricate workings of AppLayer’s network with these Stateful Pre-compiles. Solidity smart contracts no longer function in isolation but interact with and build upon these ultra-fast pre-compiles. This enhances the sophistication, power, and efficiency of blockchain applications, marking a significant shift in the landscape of decentralization.

The best part for developers is the ease of transition to this high-performance environment. AppLayer allows developers to effortlessly convert their existing Solidity code into C++ with nearly identical syntax, unlocking the potential for more complex and scalable dApps. This feature is especially vital for blockchain projects hitting performance limitations in traditional EVM environments.

AppLayer takes it further with rdPoS (random deterministic Proof of Stake) – a unique consensus mechanism that amplifies network security while ensuring ultra-efficient transaction processing. This ingenious combination of stateful pre-compiles and rdPoS turns AppLayer into a robust platform perfect for handling high-scale and intricate applications.

As Itamar Carvalho, CTO at AppLayer, stated at ETHDenver 2024, “AppLayer is not just an upgrade; it’s a revolution. We’re empowering developers to build without boundaries, pushing the limits of what’s possible in blockchain application development.”

AppLayer stands as a testament to innovation, redefining the standards of blockchain development and opening new horizons in the gaming sector, decentralized finance, and beyond. With its combination of speed, efficiency, and developer-friendly features, AppLayer is poised to become a leading force in the blockchain space.

Expanding EVM Horizons with the Testnet Launch

The next exciting phase for AppLayer is the deployment of its testnet, complete with a front-end user portal coming in June and up to $1.5 million in incentives available now. This stage invites developers to push the boundaries of their existing Solidity code into a more robust, scalable environment. The more unique and intricate the transactions, the greater the reward, fostering a creative and efficient ecosystem.

AppLayer is now inviting developers to participate in its incentivized testnet. With a unique rewards system based on user activity and creativity, AppLayer is fostering a vibrant and innovative developer community.

“We are excited to see what developers will build on AppLayer. This is an opportunity to reshape the landscape of blockchain applications,” said Carvalho.

The AppLayer testnet not only represents a pivotal moment for blockchain innovation but also a unique opportunity for both crypto enthusiasts and developers. Whether the user is looking to explore cutting-edge projects on the fastest EVM or the user is a developer eager to build on this revolutionary platform, AppLayer’s testnet is their gateway to opportunity and rewards.

Build on the AppLayer Testnet to Unlock Grants

Developers, on the other hand, are invited to bring their creativity and technical skills to the forefront. Build on AppLayer, the fastest EVM network, and receive $APPL token grants as recognition of the user’s innovative contributions.

With up to 100,000,000 $APPL tokens available for allocation to projects, the potential for reward is substantial. Additionally, for every $APPL token a project distributes to users, an equal amount is granted back to the project, forming a cycle of innovation and reward that continues through to the mainnet launch.

The most engaging and interacted-with projects may be eligible for additional allocations, incentivizing not just development but also user engagement. This is a testnet that rewards utilization and creativity, pushing for more unique and complex smart contracts.

For more information on the Grants Program and how to participate, users can fill out an application to get started and become a part of this transformative phase in blockchain development. Users can discover, build, and earn with AppLayer – where the future of blockchain is being shaped today.

About AppLayer:

AppLayer (formerly SparqNet) is a C++ based Ethereum scaling solution where developers can deploy Solidity smart contracts and C++ programmed stateful pre-compiles as smart contracts. In AppLayer, Solidity smart contracts are 10 times faster than those in Golang-based competing networks, and stateful pre-compiles are 65 times faster.

Website: https://applayer.com/

Twitter: https://twitter.com/AppLayerLabs

Discord: https://discord.gg/6dsUebskfA

Telegram: https://t.me/AppLayerLabs

Contact

CEO
Michael Weinrub
AppLayer
michael@applayer.com

Meme Cryptocurrencies Face Steep Declines: Dogecoin, Shiba Inu, and PEPE Suffer Major Setbacks in Market Value

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Dogecoin (DOGE), a leading cryptocurrency inspired by memes, experienced a significant downturn, losing over 12% of its value in the last 24 hours.

The price of DOGE, a favorite of tech mogul Elon Musk, has decreased by more than 23% over the past week and by 40% within the last month.

Currently, DOGE’s market price hovers around $0.1245. This marks an 83% decline from its peak value of $0.737, recorded on May 8, 2021.

Despite this setback, the trading volume of Dogecoin surged by 75% in the last day, reaching $1.7 billion, with its market capitalization now at $18 billion.

Shiba Inu (SHIB), another popular meme cryptocurrency, also faced challenges, with its price dropping by 12% in the same 24-hour period.

This recent fall adds to a 22% decrease over the past week.

READ MORE: Apple Pursues AI Advancements Through OpenAI Collaboration

Nevertheless, Shiba Inu has seen a significant 134% rise over the last 90 days, reflecting sustained investor interest despite shifting market sentiments.

Shiba Inu is currently priced at $0.000021, with a 24-hour trading volume that increased by 50% to $833 million. SHIB’s market cap stands at approximately $12.3 billion.

A newer meme coin, PEPE, has also felt the market’s volatility.

After a remarkable 560% rise in the last 90 days, PEPE has seen a 22% decrease over the past week, with an additional 16% drop in the last 24 hours.

PEPE’s current trading price is $0.000006, and its trading volume over the last day rose by 28% to $980 million.

Despite recent declines, PEPE remains the third-largest meme cryptocurrency, boasting a market cap of $2.58 billion.

These fluctuations in the meme cryptocurrency sector underscore the inherent volatility and the shifting dynamics influenced by both investor sentiment and broader market trends.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Polkadot-native Acala Expands to Multichain Horizons Through The Sinai Upgrade

Auckland, New Zealand, May 1st, 2024, Chainwire

Acala Network releases a new technological roadmap displaying the necessary steps in offering multi-chain services to users.

Acala, a foundational platform within the Polkadot ecosystem, unveils the Sinai Upgrade, a significant advancement in its Acala 2.0 initiative aimed at broadening the horizons of the overall crypto financial landscape. This upgrade is set to enhance the platform’s multichain capabilities, setting a new standard for decentralized finance (DeFi) not only on Polkadot, but across any layer 1, 2 or 3 blockchain network.

Multichain Integration and Enhanced DeFi Accessibility

The cornerstone of the Sinai Upgrade is its focus on multichain integration, which facilitates seamless interactions across diverse blockchain environments. Acala dramatically simplifies the user multichain experience through the introduction of their advanced one-click multi-chain cross-stack DeFi feature. This feature leverages pioneering technologies, including XCM (Cross-Consensus Messaging) and Wormhole, to enable straightforward, efficient cross-chain transactions. Users will be able to easily engage in activities like staking, liquidity provisioning, and lending across major blockchain platforms such as Polkadot, Ethereum, Solana, and any select blockchain networks.

Empowering Communities Through Open Governance

Further enhancing its ecosystem, Acala introduces the open governance upgrade, empowering its community with direct involvement in governance decisions. This democratizes the process of ecosystem evolution, allowing users to influence treasury management, DEX listings, and more, fostering a transparent and inclusive community environment.

Security and Performance at the Forefront

The Sinai Upgrade also addresses the critical need for security in the expanding multichain landscape. The launch of Sentinel,

 along with asynchronous backing, bolsters security and increases transaction throughput, ensuring that Acala remains at the cutting edge of blockchain performance.

Strengthening the aSEED Pathway

Accompanying these technical advances, the Sinai Upgrade finalizes the aSEED pathway, facilitating a stable and equitable process for converting and redeeming aSEED tokens. This includes establishing clear redemption criteria, which promises a fair and transparent framework for remaining aSEED holders, reflecting Acala’s commitment to maintaining trust and stability within its community.

Quote from Bryan Chen, Chief Technical Officer at Acala

“The Sinai Upgrade is a testament to Acala’s dedication to enhancing the DeFi ecosystem through robust multichain solutions,” said Bryan Chen. “As a Polkadot-native platform, we are uniquely positioned to lead the charge towards a more interconnected and efficient blockchain universe.”

About Acala

Acala is a premier platform for decentralized finance within the Polkadot network, offering innovative solutions designed to integrate and enhance liquidity across a wide range of blockchain environments. Committed to innovation, security, and community empowerment, Acala leads the way in advancing blockchain technology for global users and institutions.

Contact

PMM
Travis Wilkerson
Acala Network
travis@acala.network

New Meme Coin Launch $ROCKY Surges Past $20M Market Cap in 3 days, Defying the Market Trends

London, UK, May 1st, 2024, Chainwire

Three days into its existence, $ROCKY, the latest meme coin to hit the Base blockchain, has surged to a remarkable $20.6 million market cap in a predominantly red market. Launched quietly on a Saturday by MetaWin’s founder, Skel, the rise of $ROCKY has achieved growth without the benefit of prior hype or a pre-sale event. Surprisingly, even the internal MetaWin team was unaware of the launch, waking up to the news only as it began trending among users in the Arena Discord.

Skel promptly rallied a task force from MetaWin’s 80-strong team to devise a robust strategy for $ROCKY’s future. Enhancements have been rapid and impactful, with the team securing a partnership with a renowned Hollywood art studio to bolster their social media campaigns, integrating $ROCKY into MetaWin’s platform for token-gated competitions, and leveraging their in-house network of Key Opinion Leaders (KOLs) effectively.

In a bold move on X (formerly Twitter), Skel projected a $100 million market cap for $ROCKY, offering to provide exit liquidity at a $5 million valuation – a commitment that saw the token’s price quadruple within just ten hours.

“The wider market was downtrending, and $ROCKY was initially part of that slump. I dislike seeing our community disheartened. Although I was undecided about throwing our full support behind the project, at MetaWin, when we commit, we go all in,” stated Skel. “Seeing the enthusiasm from our community has solidified $ROCKY as MetaWin’s unofficial meme coin, and we are now unified in the vision of reaching a $100 million market cap.”

This Friday’s prize draw, a staple event on the MetaWin platform, is now valued at $15,000 due to the value of the $ROCKY prizes.

“With the formidable team we have and the unwavering support of the MetaWin community, I believe we can achieve extraordinary things. $ROCKY is now the fastest growing meme coin in the history of the Base chain. While the road ahead is promising, with potential to scale towards the likes of Pepe’s $3 billion market cap, we always remind our community about the high-risk nature of cryptocurrency investments,” Skel added.

The inception of $ROCKY drew its initial spark from an unlikely source – a picture of Skel’s Pomeranian, also named Rocky, perched on a pile of money. This image, processed through ChatGPT’s DALL-E AI image generator, became the inaugural graphic identity for the token across social media and various DEX tools.

In a display of commitment to the coin’s longevity and their community’s trust, the MetaWin team has locked up their token allocation for a minimum of one year, ensuring that they stand firmly alongside their community in this venture.

As $ROCKY’s journey continues, the market watches with anticipation, marking an extraordinary chapter in the annals of cryptocurrency’s vibrant history. With its current trajectory, $ROCKY is not just a token; it’s a testament to what the community can achieve when united behind a visionary leader and an innovative project.

Users can participate in $ROCKY daily competitions on BASE or with an NFT purchase.

For the latest updates and to embark on the $ROCKY journey users can visit www.RockyCoinbase.com or X.com/rockycoinbase.

About MetaWin:

Founded by Skel, MetaWin stands as the premier platform for on-chain prize competitions and instant win games, offering a diverse array of entertaining challenges for users. Through the utilisation of cutting-edge blockchain technology, MetaWin ensures a transparent, fair, and secure gaming environment, making it the preferred destination for blockchain enthusiasts and gamers alike. At the forefront of Web3 innovation, MetaWin is supported by a robust community of 250,000 connected wallets. Renowned for its ability to craft impactful digital experiences, MetaWin remains dedicated to pushing the boundaries of the cryptocurrency landscape.

For more information, visit MetaWin.com.

Users can follow MetaWin on social media and join MetaWin’s community:

X| Instagram| Telegram | Discord 

Contact

PR team
MetaWin
press@metawin.inc

Republic First Bank Closure Sparks Crypto Debate Amidst First U.S. Banking Failure of 2024

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The closure of Philadelphia-based Republic First Bank marks the inaugural banking failure in the United States for 2024.

This event has ignited discussions within the crypto community, with Bitcoin, Ether, and various altcoins experiencing slight setbacks in the wake of the news.

Zesh Marius Martocsan, CEO of X, expressed skepticism towards traditional banking, stating, “Another bank just collapsed, the Republic First Bank. Yeah… I think I’ll stick to Bitcoin.”

Pillage Capital, a pseudonymous crypto trader on X, viewed the failure of Republic First Bank as a significant narrative for crypto, stating, “Republic First Bank failure is worth a look since bank failures are the best possible narrative we can get for crypto.”

Randi Hipper, a crypto commentator, posed a thought-provoking question to her 87,100 X followers, asking, “How many more need to fail before people start to be their own bank?”

Following the seizure of Republic First by the Pennsylvania Department of Banking and Securities on April 26, the Federal Deposit Insurance Corporation (FDIC) was appointed as its receiver.

The FDIC will absorb nearly all deposits and assets of Republic Bank, as outlined in an April 26 statement by the agency.

As of January 31, Republic First possessed approximately $6 billion in total assets and $4 billion in total deposits.

READ MORE: Bitcoin Transactions Surge to All-Time High Following Halving: Runes Protocol Leads the Way

Subsequently, its 32 branches across New Jersey, Pennsylvania, and New York will reopen under the umbrella of Fulton Bank on April 27.

The news of Republic First Bank’s closure follows a challenging year for the banking industry, with FDIC data reporting five banking failures in the U.S. in 2023.

Furthermore, recent history has shown that even rumors of potential banking failures can impact Bitcoin’s price.

However, in this instance, Bitcoin is down 1.16% and trading at $62,715, while Ether is down 0.58% and trading at $3,095, according to CoinMarketCap data.

Altcoins have experienced a slightly more significant decline, with Dogecoin down 2.88% and Solana down 1.79% in the past hour.

In 2023, the closure of Signature Bank and Silicon Valley Bank, among others, underscored the challenges faced by the banking industry.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

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