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SHIB Cryptocurrency Sees Major Whale Purchase and Expansion with Upcoming Layer-3 Blockchain Development

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Recently, a newly established cryptocurrency wallet engaged in a significant transaction involving the SHIB meme coin.

According to data from Etherscan, this anonymous wallet acquired 237.8 billion SHIB, totaling $6,290,435 in value at the time of the transaction.

This large-scale purchase, indicative of either an over-the-counter (OTC) deal or a redistribution of assets by a major holder, took place shortly after the SHIB team announced securing $12 million for the development of a layer-3 solution atop Shibarium.

The timing of this purchase coincides with SHIB project lead Shytoshi Kusama’s revelations about his extensive international travel.

In a tweet, Kusama, operating under his alias, disclosed the purpose behind his frequent changes in location on X/Twitter throughout the year, visiting Japan, Hong Kong, Puerto Rico, New York, Dubai, and the Maldives.

The SHIB community had been tracking these movements, speculating about their implications. Kusama clarified that his travels were aimed at raising funds for the new blockchain initiative.

Shibarium, currently a layer-2 solution built on Ethereum, will serve as the foundation for this upcoming layer-3 blockchain.

Lucie, the SHIB marketing lead, explained the advantages of the layer-3 solution in a tweet.

READ MORE: President Biden Signs Bill Expanding Surveillance Powers, Sparking Privacy Concerns

She highlighted that adding a third layer would be “like putting a cloak of invisibility over fast-moving transactions.”

Furthermore, she stated that this enhancement would improve privacy and security, making transactions both faster and more affordable.

She described the security benefits as, “Adding L3 is like putting a second lock on your door. It adds more security features, making everything safer.”

The development of the layer-3 solution will also facilitate compliance features allowing auditors to inspect even private transactions, among other improvements.

In addition, the forthcoming TREAT token, which has yet to be released, will be utilized within this new framework to facilitate transaction processing, much like the BONE token is currently used on Shibarium.

This initiative represents a significant expansion in the SHIB ecosystem, aiming to enhance transaction efficiency and security.

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

Consider an Alternative: Experts Eye Potential Amid Rising SOL and BNB

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Everyone can see that the feeling in the cryptocurrency market now is mostly bullish. This comes from a mix of technical and fundamental elements that hint at possibly big-scale upward movement. Examination shows how the market is growing more and more similar to previous times where major corrections led to significant growth afterwards. This trend has made investors more confident, resulting in forecasts for an expansion of the market that might go up as much as 350% from its current level. The hope comes from more retail and institutional interest, which makes the investor pool wider and brings in more funds to the market in general. Growth in technology and clearer rules also help make the market steadier and better for everyone involved.

In a particular manner, the rise of these digital assets is also beneficial for cryptocurrencies like Solana (SOL) and BNB Coin (BNB). The former has been making progress because it can handle many transactions swiftly. This quality makes it more attractive for decentralized applications. Meanwhile, BNB Coin (BNB) still enjoys advantages from its connection with Binance exchange. As the general market dynamics display positive movements, these specific digital currencies should do similarly well – mirroring the wider possibilities.

Ride The Wave of Innovation with ScapesMania

The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype. 

$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.

Just let the numbers speak for themselves: 

  • Holder count: 18.41K 
  • 24-hour trading volume: $2.25M
  • Over 2,535 buys and 1,651 sells

ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut. 

This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.

The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity. 

Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.

With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.

Additional upsides that may be among the biggest deciding factors are:

  • The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
  • Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
  • Experienced team.  Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
  • Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.

Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.

Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.

>>> Get $MANIA Now <<<

BNB Coin (BNB): A Central Pillar in the Expanding Binance Ecosystem

First, let’s talk about BNB Coin (BNB). It’s the native token of the Binance ecosystem and it is currently navigating through a volatile market environment. Recent geopolitical tensions have influenced trading activities, but the coin continues to exhibit resilience amid market corrections.

Despite slight dips due to external market pressures, BNB Coin (BNB) maintains its position as a critical asset within the Binance trading platform and its associated chains. The fluctuations reflect broader market sentiments but also highlight the coin’s fundamental strengths as it recovers from these dips. The outlook for BNB Coin (BNB) remains optimistic as it benefits from Binance’s ongoing expansion and the increasing utility of its blockchain infrastructure. While the token navigates through current market uncertainties, its integral role in facilitating transactions and decentralized applications on Binance Chain provides a solid basis for potential growth.

Solana (SOL): Pioneering Speed and Innovation in the Cryptocurrency Market

Solana (SOL), the more famous altcoin, has demonstrated a notable recovery recently, buoyed by increased activity within its ecosystem. The total open interest in Solana (SOL) tokens has surged, with a marked price rise of over 31% from its low point this month.

The price of Solana (SOL) reached a new monthly high of $162.90, propelled by strong performances across its ecosystem, including significant gains in tokens like Bonk and Solend. The volume of trading within the Solana (SOL) network has escalated significantly, reaching billions, which underscores the robust market engagement and the liquidity flowing through Solana’s platforms.

Solana (SOL) price trajectory appears extremely bullish, with technical indicators like the Relative Strength Index (RSI) and Stochastic Oscillator signaling strong upward momentum. The network’s substantial growth in DeFi, along with its increasing number of protocols and addresses, positions it as a leading player in the crypto space. Looking ahead, the Solana (SOL) token could potentially reach upwards of $200, which would represent a significant increase from its current levels.

Conclusion

In the ever-evolving landscape of the cryptocurrency market, the positive sentiment continues to build. It is primarily driven by a blend of technical and market fundamentals that suggest a significant upside. The current market conditions are akin to previous cycles that have led to robust growth. This reinforces predictions of potential expansion up to 350% from present levels. This growth is supported by:

  • Escalating interest from both retail and institutional investors;
  • Technological advancements;
  • Increasing regulatory clarity. 

Specific coins like Solana (SOL) and BNB Coin (BNB) are uniquely poised to leverage this anticipated surge. The high-promise projects are actively benefiting from their recent developments and the broader market’s positive trajectory.

Crypto Poker Site CoinPoker Launches CSOP Tournament Series with $1M Pot and Removes Cashout Fees

Willemstad, Curacao, April 24th, 2024, Chainwire

CoinPoker, the world’s largest cryptocurrency poker platform, has launched its annual Crypto Series of Online Poker (CSOP) Spring tournament series while also removing all Cashout Fees as announced by the team on X:

After kicking off on Friday April 19, the ongoing tournament series will end on April 28, featuring 41 events with a combined $1 million in guaranteed prize pools.

CSOP Spring Tournament Spans 41 Events Over 10 Days

Drawing comparisons to the prestigious World Series of Poker (WSOP), the CSOP is one of the biggest online poker tournament series to use cryptocurrencies.

CoinPoker’s flagship CSOP series has grown in stature each year, attracting players globally to compete for seven-figure prize pools paid out in crypto.

This year’s CSOP Spring edition has also attracted high stakes cash game action, with 1000/2000 games running on Sunday and some poker pots over $300k.

The ten days of the CSOP and 41 tournaments encompass a range of buy-in levels, from $20 openers to the $500 CSOP Grand Finale main event on April 28, all with freeroll qualifier events to satellite in at a discount.

Players can also expect a diverse slate of formats, including progressive knockout (PKO), Pot Limit Omaha (PLO), “MonsterStack” big blind events, and more mixed throughout the series.

CoinPoker’s CHP Token Offers Ethereum-Based Utility For Platform Rewards

The CSOP Spring event is also shining the spotlight on CoinPoker’s ecosystem.

CoinPoker is the original cryptocurrency poker site, launched in 2017 with a vision of bringing blockchain technology to the poker world.

The lifeblood of CoinPoker’s ecosystem is CHP, a utility token built on the Ethereum network.

Though poker games are played using the USDT stablecoin, CHP serves as a “bonusing fuel” that provides rewards and incentives for token holders.

Players can also earn CHP through the platform’s various promotions, rake races, and referral programs.

The token is currently available to trade through the QuickSwap DEX on the Polygon network.

At the time of writing, CHP is valued at $0.059 and is up 5% in the past seven days.

CHP’s market cap is just over $15 million, with over 98% of the 278,237,314 supply in circulation.

Poker Pro Tony G Serves as CoinPoker Ambassador

A key part of CoinPoker’s credibility in the poker world comes from its association with renowned pro Tony G (Antanas Guoga).

The Lithuanian-Australian poker legend serves as an ambassador and representative for the platform.

Tony G has an illustrious poker resume, with 15 World Series of Poker money finishes and two final table appearances at the World Poker Tour.

Tony G took part in the largest ever online poker pot worth over $7.7 million, played on CoinPoker’s platform. Tony’s decades of experience have helped steer CoinPoker into becoming one of the most popular crypto poker rooms.

About CoinPoker

CoinPoker is the world’s premier online crypto poker room and has been operating since 2017.

Using blockchain technology and cryptocurrencies, CoinPoker provides a secure, transparent, and provably fair poker experience.

With high-profile ambassadors like Tony G representing the platform, CoinPoker hosts regular tournaments, attracting thousands of players globally to compete for crypto prizes.

Players can register a free anonymous CoinPoker account here to get started playing in the CSOP – all that’s needed is a crypto wallet, email and phone number. 

CoinPoker 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

CoinPoker
contact@coinpoker.com

Bitcoin Mining Revenue Hits Record $107.7 Million on Halving Day, Fees Soar to All-Time High

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On April 20, 2024, Bitcoin mining revenue reached a record-breaking $107.7 million, marking a historic high on the day of Bitcoin’s fourth halving event.

This milestone was primarily fueled by mining rewards and transaction fees as the cryptocurrency community rallied to participate in this pivotal moment.

The day saw an exceptional amount of activity with $2.4 million, or 37.7 BTC, spent in transaction fees alone by investors eager to secure a spot on the 840,000th Bitcoin block.

This block, pivotal due to the halving event, processed 3,050 transactions, averaging nearly $800 in fees per transaction.

The rush to record transactions on this significant block drove fees to unprecedented levels.

This surge in transaction fees was largely driven by the excitement surrounding the launch of Casey Rodarmor’s Runes Protocol, which coincided with the halving.

The enthusiasm to mint rare satoshis on the halving block added to the frenzy, pushing the day’s earnings for miners past the previous record of $78.7 million achieved on March 11.

At that time, Bitcoin had reached a new high of $71,415, which significantly influenced mining revenue as payouts are in BTC.

READ MORE: Pro-XRP Lawyer John Deaton Advocates for Coinbase Users in SEC Lawsuit, Sets Sights on Senate Seat

The halving event itself, a mechanism designed to reduce the block reward by half periodically, cut the mining reward to 3.125 BTC per block.

This reduction is part of a deflationary model intended to control the supply of new bitcoins entering the market.

However, the excitement was short-lived. By the following day, the average transaction fee on the Bitcoin network had drastically dropped from a record high of $128 to just $8–$10 for medium-priority transactions, as reported by mempool.space.

This decline reflects a normalization of fees following the halving event hype.

As the Bitcoin community reflects on this monumental day, the impact of such events continues to underscore the volatile nature of cryptocurrency fees and mining revenues.

The dynamics of supply and demand in the blockchain space remain a fascinating aspect of its economic and technological landscape.

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

Manchester City Teams Up with OKX to Launch Exclusive NFT Collection Offering Unique Jerseys

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Manchester City, a prominent Premier League football club, has announced a new venture in its evolving digital outreach strategy: the launch of a nonfungible token (NFT) collection titled “Unseen City Shirts.”

This initiative is part of Manchester City’s ongoing partnership with cryptocurrency exchange OKX.

The collection will offer fans the opportunity to secure unique jerseys and exclusive matchday experiences through the minting of NFTs on the OKX app.

The NFTs in question are not just digital assets; they are tied to physical rewards.

Depending on their rarity, these collectibles can unlock special redesigned football shirts and other experiences.

For instance, the rarest among them, only five in number, will provide holders with an opportunity to play on Manchester City’s pitch, receive two match tickets, and own a limited-edition City jersey.

Another set of five rare NFTs will grant access to a stadium tour, a hospitality ticket, and a jersey adorned with “The Roses and the Bees” design, celebrating local symbols like the Lancashire rose and the Manchester worker bee.

These jersey designs have been crafted by artist Christian Jeffery, featuring hand-painted motifs.

Discussing the launch, Nuria Tarré, Man City’s chief marketing and fan experience officer, highlighted the campaign as an appeal to a more technologically inclined audience. She stated, “We think it’s important that you can own this piece digitally.

“I think that’s one of the beauties of Web3 — it changes the ownership process.”

This reflects the club’s broader strategy to integrate more Web3 and digital ownership concepts to engage their fan base.

READ MORE:Is a Bullish Phase Ahead for Crypto?

Haider Rafique, OKX’s global chief marketing officer, detailed the technical side, noting that the rarity of these NFTs is algorithmically determined, ensuring a fair distribution of the coveted items.

He also mentioned that the past three years have involved foundational efforts to build products that connect sports fans and Web3 users.

“I don’t think it’s a lack of intention. I think it’s a lack of product and technology infrastructure, which will come as the industry progresses and as our partnership progresses,” Rafique explained.

OKX’s relationship with Manchester City began in March 2022, and has since deepened, with OKX becoming the club’s official training kit partner for the 2022–2023 season and later the official sleeve partner in a multiyear deal starting June 2023.

Tarré remarked on the ongoing evolution of technology and its applications, expressing enthusiasm about the possibilities: “Technology keeps on evolving and applications keep on evolving.

“You can add layers of sophistication, creation, and co-creation. We’re definitely willing to explore further.”

This NFT launch, thus, stands as a testament to Manchester City’s commitment to innovation and digital engagement, promising to offer both novelty and utility to its global fanbase.

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

Exploring the Future of Finance: GALA, TRON, and a New Player Lead Crypto Innovation

In their newsworthy study, the co-founders of Glassnode think that the crypto market will grow by 350%, which is a huge increase. Several key signs point to this positive outlook. These signals show that crypto is becoming more popular and trusted as an actual trading category for companies. However, the research also shows that the market system now has a stronger base, which could lead to bigger spending. People are generally feeling better about the market because of the crypto’s current track record.

There are cases of big investments that support the positive view, such as a well-known “Ethereum whale” who bought a lot of ETH. This is a strong sign of faith in the future market. Today’s article will explore several coins that seem ready to experience growth in view of all the positivity.

Ride The Wave of Innovation with ScapesMania

The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype. 

$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.

Just let the numbers speak for themselves: 

  • Holder count: 18.41K 
  • 24-hour trading volume: $2.25M
  • Over 2,535 buys and 1,651 sells

ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut. 

This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.

The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity. 

Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.

With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.

Additional upsides that may be among the biggest deciding factors are:

  • The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
  • Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
  • Experienced team.  Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
  • Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.

Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.

Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.

>>> Get $MANIA Now <<<

Tron (TRX): Poised for Recovery with Strong Support

The first candidate, Tron (TRX), is maintaining a bullish structure, supported by a 405-day ascending support trend line that has been validated multiple times. The cryptocurrency’s ability to stay above this critical support line despite a 25% correction since its yearly peak suggests a resilient underlying strength in its market position.

Currently, Tron (TRX) finds itself at a confluence of support levels, bolstered by a horizontal support area and the 0.382 Fibonacci retracement level. This setup provides a strong foundation that could potentially cushion further declines and foster a rebound.

With the RSI indicating a bullish divergence from oversold territory, there is a significant chance that Tron (TRX) could witness another impressive rally similar to the one it experienced after a similar signal in 2022. The overall wave count on the weekly charts suggests an impending upward movement, possibly driving the price towards new highs. Conversely, a breakdown below the $0.107 support level could trigger a steeper decline to the lower bounds of its support channel at $0.095.

Gala (GALA): Rising Momentum Amid Market Fluctuations

Rounding out our text, there’s Gala (GALA). It has shown a notable uptick in its market presence with a recent price increase pushing its value to $0.04476, signaling a robust upward trend. The token’s market capitalization has ascended to $1.34 billion, reflecting a 6% growth. This surge indicates strong investor confidence and an active market, with trading volumes reaching a substantial $252 billion in a single day.

Despite a 22% depreciation over the last week and a 16% drop over the past month, Gala (GALA) maintains its vigor in the market. The fluctuations and periodic corrections suggest the market’s dynamic and adjusting nature. The cryptocurrency’s technical setup remains bullish, with resistance points hinting at potential growth towards and beyond the $0.05 mark.

Gala (GALA) continues to play a pivotal role in the Gala Games ecosystem, fueling transactions for NFT purchases and node license acquisitions. A crucial breakout above the $0.047 resistance could significantly propel the token’s price, potentially aiming for a milestone of $1. However, any downturn could pull the price back to the $0.04 support level, underscoring the market’s volatility.

Conclusion

Glassnode’s co-founders expect an amazing 350% growth in the crypto market, which might change everything. This positive view is supported by the fact that more institutions are becoming interested in cryptocurrency and more people are accepting it as a real way to trade. Important players like Gala (GALA) and Tron are a big part of what’s causing this shift in fortunes. Gala (GALA) is focused on games that use blockchain technology and Tron (TRX) is working to improve how content is distributed.  As the market waits for this growth, attention also turns to how these coins can evolve strategically.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of our site, nor is it intended to be used as legal, tax, investment, or financial advice.

Mt. Gox Updates Repayment Plan: Creditors to Receive Bitcoin, Cash Following Verification

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In a recent update that boosts optimism among affected users, the trustee of the hacked cryptocurrency exchange Mt. Gox has provided crucial information regarding the repayment process for the lost funds.

Users on the Mt. Gox insolvency subreddit began reporting in mid-April that their claims accounts had been updated.

These updates included details on the amounts of Bitcoin, Bitcoin Cash, and fiat currencies slated for repayment.

This has led many to anticipate imminent cryptocurrency reimbursements.

A creditor shared a screenshot on the subreddit that displayed a new table in their Mt. Gox account.

This table indicated various entries such as the status of repayments, the amounts that have been paid, and those still pending.

Further reinforcing these updates, multiple creditors have confirmed receiving fiat payments directly into their bank accounts.

One user detailed their experience on April 22, stating, “Money received as USD into an HSBC currency account and looks like zero fees,” highlighting the efficient processing of their repayment more than a month after initial updates were noted on their account.

They explained the timeline of updates: “Table had been updated March 15 first then April 8 second then April 18 when BTC lines arrived.”

These developments have been positively received within the community, with one creditor discussing the significance with Cointelegraph: “The latest additions of Bitcoin on the accounts in the Mt. Gox rehabilitation claims system is a major move for Mt. Gox creditors signaling disbursement of crypto or fiat will happen,” they noted.

READ MORE: Bitcoin Mining Stocks Surge on Nasdaq Ahead of Bitcoin’s Fourth Halving Event

They further compared it to previous disbursements, recalling, “In comparison, last December Japanese claimants received notes on their page and within two weeks they saw fiat in their accounts via PayPal and private banks,” adding hopefully, “Let’s hope the crypto remittance echoes that of its fiat predecessor.”

Mt. Gox was established in 2010 and quickly ascended to become the world’s leading Bitcoin exchange, handling about 70% of all Bitcoin transactions until its collapse in 2014 due to a massive security breach that resulted in the loss of 850,000 BTC.

The exchange, now inoperative, is slated to reimburse its creditors with significant assets: 142,000 Bitcoin, 143,000 Bitcoin Cash, and 69 billion Japanese yen (approximately $510 million), with all repayments expected to be completed by October 2024.

This positive momentum follows the completion of identity verifications in January 2024, allowing the trustee to prepare the repayments through various established platforms such as Bitstamp, Kraken, Bitbank, BitGo, and SBI VC Trade.

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

Shiba Inu Sees Surge in Market Optimism; New Updates and Bullish Projections Fuel Investor Confidence

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Shiba Inu (SHIB/USD) is currently experiencing positive market movements, reflecting an upward trend as the overall cryptocurrency sector shows signs of revival.

Lucie, the marketing leader for Shiba Inu, expressed a bullish outlook for the meme cryptocurrency on X (formerly Twitter).

She confidently stated, “there is no other direction than up” for Shiba Inu, noting its resilience over the past two years despite a prolonged bear market.

Further emphasizing the coin’s stability, Lucie assured that Shiba Inu is not merely a fleeting meme destined to be dropped at the emergence of new trends.

She highlighted the ongoing real development efforts behind the scene, indicating a solid foundation for the coin’s future.

Adding to the developments, the Shibarium network introduced a significant update to its user interface, as announced on its official X page.

The new update boasts enhanced speed, smoothness, and increased accessibility.

It also includes expanded compatibility with major wallets such as MetaMask, Coinbase Wallet, Rainbow, Trust Wallet, and Wallet Connect, which is likely to enhance user experience and adoption.

Crypto influencer Jake Gagain shared his optimistic projection in a recent video, estimating that Shiba Inu could potentially achieve a market capitalization of $100 billion by 2025.

He cited several dynamics contributing to the meme coin’s potential growth.

READ MORE: Sleepy Shiba (SLESHIB) to Rally 13,000%, Take on SHIB and BOME With Huge MEXC Listing

Market data from IntoTheBlock indicated a significant 54.6% increase in Shiba Inu’s large transaction volumes and a slight 0.8% rise in daily active addresses, suggesting a growing interest and activity in the coin.

The data also revealed that over 397,000 SHIB addresses are holding approximately 2.44 trillion SHIB tokens at an average price of $0.00001.

This considerable holding acts as a defensive mechanism against price declines, showcasing strong buying interest and hinting at potential market stability.

Additional data from CoinGlass showed a 17.4% growth in SHIB derivatives data volume, with notable liquidations in the last 24 hours totaling 800,970, of which 445,970 were long liquidations.

Shibburn data indicated that 5.2 million SHIB tokens were burnt in six transactions over the past 24 hours, leading to an impressive 172% increase in burn rates, potentially influencing the coin’s value positively.

As of the latest update, SHIB’s price stands at $0.00002295, marking a 1.4% increase over the past day, aligning with the positive sentiments echoed by market analysts and stakeholders.

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

Zircuit Staking Soars Past $2B TVL In Only 2 Months

George Town, Grand Cayman, April 23rd, 2024, Chainwire

Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, today announced that its staking program has soared past $2B in TVL in only 2 months. 

As Zircuit forges ahead towards mainnet, the ZK rollup’s staking program is rapidly gaining momentum, attracting over $2B TVL in a short 2 months. Zircuit Staking allows users to earn Zircuit Points by depositing assets that can then be migrated to Zircuit’s mainnet upon launch. Users can deposit ETH, liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and USDe (Ethena USD) to earn Zircuit Points. 

In March, Zircuit launched its Build to Earn program to incentivize builders, founders, and community members who contribute to the Zircuit ecosystem. The program has already attracted over 1,000 submissions. With Zircuit’s growing pre-launch TVL and community, approved projects will capture the interest of users in one of the fastest-growing L2s and benefit from a supercharged developer experience. In addition, developers and ecosystem contributors who participate in Zircuit’s Build to Earn program stand to receive rewards for approved contributions. Projects that join Zircuit through Build to Earn will join the growing list of top-tier launch partners including Ethena, Ether.fi, KelpDAO, Renzo, Hashflow, Galxe, Elixir, Blocto, Eigenpie, and many others. 

Zircuit is currently in testnet with plans to launch its mainnet in Summer 2024. 

To participate in Build to Earn, users can visit: https://build.zircuit.com/ 

To participate in Zircuit Staking, users can visit: https://stake.zircuit.com/ 

About Zircuit

Zircuit is a ZK rollup with parallelized circuits and AI-enabled security at the sequencer level. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit is backed by Pantera Capital, Dragonfly Capital, and Maelstrom. To learn more visit zircuit.com or follow us on Twitter/X @ZircuitL2

Contact

Jessica Graber
Zircuit
jessica@zircuit.com

Chainlink Co-Founder Predicts Growth in Crypto ETFs and Enhanced Mainstream Adoption of Web3

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In a recent interview at the Token2049 event in Dubai, Sergey Nazarov, the co-founder of Chainlink, offered insights into the future developments in the cryptocurrency sector.

During his discussion with Cointelegraph, Nazarov highlighted the expanding role of exchange-traded funds (ETFs) and the potential for mainstream adoption of Web3 and digital assets.

Nazarov believes that the approval of Bitcoin ETFs marks the beginning of a broader acceptance of crypto-based ETFs, predicting that other cryptocurrencies beyond Bitcoin and Ethereum will soon follow suit.

He explained, “I think what’s next is more ETFs about coins other than Bitcoin and Ethereum. So, I think the ETF dynamic is going to continue during this year and just grow and grow and grow.”

Additionally, he discussed the potential integration of tokenized real-world assets (RWAs) into the Web3 ecosystem, facilitated by both Web3 companies and traditional banks.

This collaboration is expected to merge the realms of digital and traditional finance.

Nazarov anticipates that this convergence will be significant, stating, “Eventually, I expect the Web3 assets to be bought by the banks and the bank assets to be bought by the Web3 protocols for various reasons why they would want each other’s assets.”

He forecasts that these developments could take place within the next three to four years.

Another crucial area of development, according to Nazarov, is the usability of cryptocurrency.

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He stressed the necessity for improvements to make digital assets more accessible and user-friendly.

“I think the usability of crypto still has a long way to go,” he commented, noting that user experience is “nowhere near what it needs to be,” indicating substantial enhancements are still required.

To further drive crypto toward widespread acceptance, Nazarov identified four key areas that need addressing: usability, scalability, connectivity, and privacy.

He regards these factors as central to the growth and evolution of the cryptocurrency industry, emphasizing that ongoing efforts are being made to enhance these aspects.

“I would say the usability, the scalability, the connectivity and the privacy are the four main pillars of what I look at the crypto industry when I think about how it is developing,” he stated.

Nazarov remains optimistic about the progress of these initiatives and believes that the crypto community will continue to innovate and expand the possibilities within the industry.

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