SEC - Page 165

3478 result(s) found.

Coinbase Advances Crypto Industry by Integrating USDC Accounts with Ethereum’s Layer-2 Blockchain Base

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Coinbase, a leading cryptocurrency exchange, has announced a strategic shift in the management of its USD Coin (USDC) stablecoin accounts, signaling a significant move towards utilizing its Ethereum layer-2 blockchain, Base.

The transition, disclosed by Coinbase vice president Max Branzburg via a post on the social platform X on March 26, is designed to enhance the exchange’s capability to manage and secure customer funds with “lower fees and faster settlement times.”

This adjustment specifically affects Coinbase.com accounts, with Coinbase Wallet accounts remaining unaffected due to users’ control over their private keys.

Currently, the platform secures user tokens through multiparty computation technology.

Highlighting the company’s strict policy on asset management, Branzburg emphasized that Coinbase maintains a 1:1 holding of customer assets and refrains from lending funds without explicit authorization from the customers.

This move is not just a logistical change; it represents a step towards the realization of an on-chain financial ecosystem.

David Hoffman, a co-host of the Ethereum-centric Bankless show, noted this transition as a pivotal moment towards achieving such a future.

READ MORE: ARK Invest Sells Off $31.5 Million in Robinhood Shares Amid Crypto-Friendly Broker’s Stock Surge

Additionally, Ryan Sean Adams, another Bankless co-host, views this development as setting a standard for other cryptocurrency exchanges and banks, suggesting a future where every asset is tokenized and every bank operates on a blockchain.

Despite the optimism, some skepticism exists around the degree of decentralization of Base, with concerns raised over its current state of centralization, given Coinbase’s role as the sole sequencer.

However, Coinbase has expressed plans to gradually decentralize Base, reinforcing this intent by open-sourcing Base’s code in October for greater transparency and community involvement.

Launched on August 9, 2023, Base serves as an Ethereum scaling solution employing optimistic rollups for efficient off-chain transaction data storage.

It ranks as the fourth-largest Ethereum layer 2 by total value locked, boasting $2.63 billion, and recently achieved a record of 2 million daily transactions, indicating growing user engagement.

This strategic shift by Coinbase not only aims to enhance transaction efficiency and security but also signifies a broader move towards an on-chain financial infrastructure, setting a precedent for the industry at large.

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

Bitcoin Surges Past $71,000, Signaling Bullish Momentum and Potential for Record Highs

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Bitcoin recently marked a significant milestone by closing above $69,000 on March 25, indicating a bullish momentum reclaiming an important resistance zone.

This event, as reported by Cointelegraph Markets Pro and TradingView, registered BTC/USD’s highest daily closure in nearly ten days, demonstrating a notable uptrend.

The surge was particularly catalyzed by a positive shift during the initial Wall Street trading session, where Bitcoin’s value increased by up to $4,600 within a single day.

This momentum carried forward, propelling Bitcoin past the $71,000 threshold subsequently.

Financial commentator Tedtalksmacro highlighted a shift in the market dynamics, pointing out that U.S. spot Bitcoin exchange-traded funds (ETFs) experienced net inflows after a week of negative flows and significant withdrawals from the Grayscale Bitcoin Trust (GBTC).

He shared, “After 5 consecutive outflow days, Bitcoin spot ETFs saw +$15.4M USD flow in on Monday. +262M from Fidelity.

“The bid is back.”

READ MORE: Momentum Shifts in Bitcoin Market as Institutional Outflows Slow and Optimism Grows for Future Highs

Despite the continued large outflows from GBTC, amounting to $350 million, BTC/USD managed to overcome these potential hindrances, signaling strong market resilience.

Market analysts are looking at the developments with an optimistic lens.

Matthew Hyland, a well-known trader and analyst, speculated about the potential for Bitcoin’s price to reach the $100,000 mark, especially if the current momentum can clear significant resistance areas.

He underscored this possibility based on a reset of a classic Bitcoin price metric that had previously aligned with a notable increase in Bitcoin’s value.

The daily relative strength index (RSI), a key indicator of market momentum, also showed promising signs, although it remained below the threshold typically associated with bull market conditions.

Analyst Mark Cullen, however, cautioned about potential volatility, pointing to “gaps” in the CME Group Bitcoin futures markets that could act as short-term price targets.

A specific gap below $64,000 was identified as unfilled, suggesting possible price movements.

Conversely, Daan Crypto Trades downplayed the immediate impact of these gaps, suggesting that significant breakouts often leave such gaps unfilled without necessitating immediate corrections, thus indicating a less pressing concern for a potential price dip in the near term.

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

Unleash the Speed: Cardano Racers Public Presale and Mainnet Launch – Get Ready for the Ride of a Lifetime!!

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Attention all thrill-seekers and speed demons: the clock is ticking, and the race is on! Cardano Racers, the pulse-pounding NFT gaming project set to dominate the Cardano blockchain, is about to close the doors on its exclusive whitelist presale – but fear not, because the ride is far from over.

With the whitelist presale winding down, now is your final opportunity to secure your spot on the starting grid as the public presale kicks into high gear. But don’t wait too long, because once the public presale ends, the discounts disappear, and the prices go back to normal.

On March 28, 2024, at 10:30 PM UTC, the gates will swing open for the public presale, giving adrenaline junkies from around the globe the chance to join the race and experience the thrill of Cardano Racers for themselves. And with prices discounted by a huge 25% off normal prices, there has never been a better time to fuel your passion for NFTs and blockchain gaming.  

To secure your spot in the public presale, simply head over to www.cardanoracers.com/presale and prepare to embark on the ride of a lifetime. From high-speed racers to adrenaline-fueled thrill-seekers, there’s a place for everyone in the Cardano Racers community – and it’s waiting for you to claim your spot on the starting grid.  More details can be found by joining our discord group at Cardano Racers.

But that’s not all – the excitement is set to reach new heights on March 31, 2024, as Cardano Racers speeds towards its mainnet release. With the target date just around the corner, the countdown to history in the making has officially begun.

So don’t miss your chance to be a part of the action – join the revolution today and let the racing begin! With Cardano Racers, the future of NFTs has never looked faster, fiercer, or more exhilarating. Strap in, rev your engines, and get ready to experience the ride of a lifetime.

The race to greatness starts here – are you ready to ride? Stay ahead of the curve with Cardano Racers! Follow us on X @CardanoRacers or join our Discord group Cardano Racers for the latest updates and exclusive sneak peeks. Don’t miss out on the ultimate racing revolution – your journey to victory starts now! www.cardanoracers.com/presale

Trade BetFury Futures With Up to x1000 Multiplier & FuryWaves Trading Tool

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BetFury has recently taken another step towards developing its crypto ecosystem. The platform has introduced Futures with up to an x1000 multiplier. Every trader can earn top crypto with low fees and even get trading discounts. Besides, BetFury has created FuryWaves – a betting game based on Futures. It’s implemented on a randomizer and allows you to combine earnings with fun. Discover how you can get real crypto by predicting price movements.

Try BetFury Futures With x1000 Multiplier

What’s Unique in Futures on BetFury?

At first glance, BetFury Futures is a classic feature for predicting price growth or decline. However, several features set it apart from other market offerings.

  • Trading with x1000 Multiplier: high leverages multiply crypto up to a thousand times.
  • Lower Commissions: minimum costs for fees affect income maximization.
  • Up to 60% Fee Discount for BFG Holders: having native BetFury tokens allows you to save on commission while trading Futures.
  • Quick Deposit Boost: users can deposit low amounts and withdraw increased amounts, choosing the highest x1000 multiplier and the right trading strategy.
  • Create Your Own Futures Strategy: following personal vision and technique may maximize profits and minimize risks.

How Do BetFury Futures Work?

Success in trading depends not only on knowledge but also on the right tool and approach. BetFury offers four currencies for trading: BTC, ETH, BNB, and XRP. Their price is formed from external exchange resources and is highly accurate since the platform algorithms update it in real time every 500 milliseconds. To open a Futures position, specify the currency, wager, multiplier, type of commission, and price direction (up or down). You can choose Flat or PnL commissions, which are pretty low and suitable for different situations. You will win if you predict the exchange rate correctly. Liquidation and closing a position occurs when you mispredict price movements.

Why FuryWaves is a New Look at Trading?

To expand Futures trading tools, BetFury has released FuryWaves. It’s a special Original game with trading elements. The main difference from the default Futures is the price formation. Instead of constantly updating exchange prices, FuryWaves uses a randomizer with the SHA-256 algorithm. Thus, each next price move will shift by a random value in a random direction. The fairness of this method can be easily proved through a session hash. 

What are the main aspects that can be highlighted when playing FuryWaves?

  • Each trading session lasts 24 hours and has up to 172,800 ticks.
  • One tick occurs every 500 milliseconds.
  • New trading sessions start at an initial price of $1,000.
  • At the end of each session, all open positions are closed using a current PNL.
  • FuryWaves allows you to place bets in USDT and USDC.

Therefore, FuryWaves is an exciting betting game with unique features. It complements the variety of Original games on BetFury, simulating the trading experience with an entertaining method. Perhaps this system with randomly generated price moves will become more popular and help many gamers master crypto tools like Futures.

Conclusion

Futures on BetFury represent a lucrative tool blending betting dynamics with the precision of trading. It caters perfectly to skilled traders seeking a novel trading experience. BetFury demonstrated a striking example of Futures with real crypto rewards, convenient usage, and an additional trading tool in the form of an Original game — FuryWaves. These groundbreaking products are reshaping the industry landscape, offering fresh air for traders seeking to enrich their experience and crypto incomings. Embrace this new era of crypto earnings with BetFury and experience a new dimension of trading excitement!

About BetFury

BetFury is an established ecosystem with crypto-earning features, iGaming, and Sports betting. The platform has a global community of 2M+ users for over four years of progress. 

Multiple crypto-staking options are available on BetFury for users who prioritize competitive rewards and leading tokens for earning, such as BTC, ETH, USDT, and BNB. There is Crypto Staking with up to 130% APR and flexible conditions.

When you sign up on BetFury, you receive a Welcome Pack with up to $10 500 Deposit Bonuses and 275 Free Spins. If you prefer a team approach to gaining rewards, you can join a Referral Program. The referrer gets a $1,500 bonus and a 30% commission for his referral’s activity with an opportunity for reward. You can access all these crypto features directly on the BetFury website or use its Telegram Bot for faster platform access and boosted rewards.

Surge in Investor Confidence: U.S. Spot Bitcoin ETFs Attract $418 Million in One Day, Led by Fidelity and BlackRock

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In the recent financial landscape, the United States spot Bitcoin exchange-traded funds (ETFs) have witnessed a remarkable resurgence in investment, marking a significant turnaround after experiencing a series of net outflows over five days.

This rejuvenation was particularly evident on March 26, when the 10 newly sanctioned spot Bitcoin ETFs collectively attracted a net inflow of $418 million, as reported by Farside Investors data.

Among these, BlackRock’s and Fidelity’s funds were at the forefront, channeling robust inflows that underscored investor confidence.

Fidelity’s Bitcoin ETF, in particular, showcased its strongest daily inflow since March 13, securing an impressive $279.1 million on March 26.

This surge was accompanied by the acquisition of an additional 4,000 BTC, marking the fund’s second day of inflows surpassing the $260 million threshold.

Meanwhile, BlackRock’s Bitcoin ETF also drew significant attention with inflows of $162.2 million, despite these figures not matching the higher inflow rates seen earlier in the month, which averaged over $300 million daily.

The investment enthusiasm extended beyond these two giants, with the Ark 21Shares Bitcoin ETF recording its most substantial day since March 12, amassing $73.6 million in inflows.

READ MORE: South Korean Police Unravel $4.1 Million Crypto Scam, Detain Two as Notorious Crypto Mogul Faces Extradition Drama

Similarly, Invesco Galaxy, Franklin Templeton, and Valkyrie each experienced inflows exceeding $26 million in their respective funds.

In contrast, Grayscale’s Bitcoin Trust (GBTC) faced a significant outflow of $212 million on the same day.

Despite this, the cumulative net inflows into other funds overwhelmingly counteracted GBTC’s losses.

Since transitioning from a trust to an ETF on January 11, Grayscale has witnessed a dramatic reduction of 277,393 BTC, equating to an approximate value of $19.5 billion.

Highlighting the significance of these developments, Bloomberg’s senior ETF analyst Eric Balchunas pointed out the inclusion of Bitcoin ETFs among the largest 30 asset funds within their initial 50 days of trading in a post on X (formerly Twitter) on March 26.

BlackRock’s IBIT and Fidelity’s FBTC stood out, with Balchunas noting their exceptional performance.

He also mentioned that the Bitwise Bitcoin ETF, despite being the 18th largest in terms of assets under management, surpassed the world’s largest SPDR Gold Shares fund in size.

Adding to the evolving Bitcoin ETF landscape, Hashdex emerged as the 11th issuer of spot Bitcoin ETFs in the U.S. on March 26, transitioning its futures fund into a spot product now trading under the ticker DEFI.

This strategic move further underscores the growing embrace and diversification of Bitcoin-related investment products in the financial market.

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

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

Grand Cayman, Cayman Islands, March 28th, 2024, Chainwire

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Sui, the fast ascending Layer 1 blockchain offering industry-leading performance and infinite scaling, continued to demonstrate its blistering DeFi growth by cementing its place in the top ten of all chains by weekly DeFi volume, registering over $830M of trading over the most recent seven days of data available on DeFiLlama and $224M in the latest 24 hours.   

The volume growth comes as the chain has amassed several DeFi milestones since the start of the year, including surging past $700M in total value locked (TVL) earlier this week – up over 1900% since October – and dominating outflows from Ethereum via Wormhole during multiple seven-day periods this year. Sui is also setting the standard for network reliability during periods of high network traffic. In the first four months of its mainnet, Sui completed 65.8M transactions in a single day—the most of any blockchain ever, while throughout its existence, the network has never had an outage or experienced degraded performance.  

These milestones reflect how Sui’s underlying technology, which features an object-centric model, horizontal scalability, the increasingly popular, developer-friendly Move programming language, and recent breakthroughs such as zkLogin and zkSend, enables developers to create products that solve real-world challenges at scale. 

Sui’s technology has also attracted top projects and developers which are increasingly choosing to build on Sui. Most recently, Suilend, a protocol developed by the team behind Solana’s largest lending protocol, Solend, launched in its first expansion outside the Solana ecosystem. Ondo Finance’s treasury-backed assets also recently made their way into the ecosystem, while decentralized derivatives exchange Bluefin left Arbitrum for Sui. 

DeepBook, Sui’s fully on-chain order book, which is part of the Sui Protocol, has experienced a substantial volume increase in March as DeFi on the network continues to flourish. The CLOB saw over $940M in volume since the start of the month, and over $289M of trading in the last week alone, as it continues to provide deep liquidity to all DeFi protocols and traders on Sui with ultra-low, predictable transaction costs and sub-second finality.

“From the Move language to its object-centric architecture, Sui’s technology is unique in the industry and enables a level of innovation that is attracting partnerships, protocol expansions, and independent developers—all building solutions that leverage the Sui network,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s surging metrics in DeFi indicate definitively that in an industry which is currently surging and primed for cutting-edge technology and practical, real-world applications, Sui is increasingly the platform of choice.”

Contact

Sui Foundation
media@sui.io

Big Time Generates over $100M in Revenue since Preseason

Austin, United States, March 28th, 2024, Chainwire

Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token.

“Success in Web3 gaming hinges on creating compelling experiences with a player-focused economy at its core,” said Ari Meilich, CEO of Big Time Studios

Big Time combines the intense combat and dynamic gameplay of action RPGs like Diablo with the vast, explorative realms of MMOs like World of Warcraft. Players are time travelers, plucked from the dying embers of the cosmos to join the ultimate crusade for mankind’s survival. The fabric of reality is tearing apart, and the epochs of history are colliding. Players fight to preserve the human legacy, in all its beauty and folly.  

Players engage in hard-fought battles through procedurally generated dungeons, accomplish objectives, and collect essential resources for crafting valuable virtual goods represented by Non-Fungible Tokens (NFTs). No crypto tokens are sold, and this unique approach blends gaming excitement with the innovative world of digital collectibles: all collected in-game rather than given away or available for purchase outside the game. The only purchasable items are Time Crystals, the game’s non-crypto premium currency used for in-game activities like crafting, upgrading gear, recharging items, or accessing premium content.  

“Our fair launch strategy, with no tokens for the team or investors, underscores our dedication to a player-first gaming universe, where rewards are awarded solely through gameplay,” said Meilich.  

Big Time Studios levels the playing field by prioritizing the player community through this novel approach. Tokens are collected through in-game activities, preventing non-players from purchasing their way to success. This commitment to fairness and inclusivity sets Big Time apart in the Web3 and traditional gaming industries.

Big Time’s successful Preseason launch continues to shatter doubts about the viability of Web3 games, setting new standards for what is achievable. The game’s entertainment value and economic incentives have captivated highly active players, dispelling skepticism and showcasing the immense potential of Web3 gaming.

“We are a game company, first and foremost,” Meilich stated. “Our biggest priority is delivering an amazing game with immersive gameplay. Players want entertainment value and a game that is Twitch-worthy. This approach has differentiated us, and in light of its recent successes, signals we’re taking Web3 gaming in the right direction,” said Meilich, emphasizing Big Time Studios’ dedication to delivering high-quality game experiences. 

Looking ahead, new features and updates will further enhance the immersive gaming experience and ensure that Big Time continues to lead the Web3 gaming industry. 

For early access and to dive into the adventure that awaits in Big Time, users can simply join the Big Time Discord community and ask for an access code.

About Big Time Studios

Founded in 2020, Big Time Studios has become a leader in Web3 gaming with its main title, “Big Time,” a multiplayer action RPG that combines fast-action combat and adventures through time and space. Unlike typical Web3 games, it empowers players by distributing tokens directly in the game, avoiding sales to investors or team allocations. The game’s preseason launch in October led to a $37 million revenue in Q4, with projections of $80 million for Q1, highlighting its success and the company’s significant impact on digital gaming. Big Time Studios continues to lead in innovation within the Web3 gaming sector.

Contact

CMO
Michael Migliero
Big Time Studios
press@bigtime.gg

DeFi Saver integrates Safe to bring account abstraction to DeFi

Delaware, USA, March 28th, 2024, Chainwire

In a move to greatly improve the user experience of DeFi users in the Ethereum ecosystem, DeFi Saver integrated native support for Safe smart accounts and multisigs.

DeFi Saver, one of the leading apps for creating, tracking, and managing DeFi positions on Ethereum just announced they’ve integrated account abstraction leader Safe, to take the experience of DeFi users to the next level. This comes on the back of Safe’s recently announced milestone of more than $100 billion in digital assets secured on Safe smart accounts, with more than 40 million transactions conducted on Safe infrastructure.

The update means that DeFi users of protocols such as Aave, Compound, Morpho Blue, Spark, CurveUSD and Liquity will be able to manage their positions more efficiently, through use of options that bundle or batch multiple actions into one single transaction using the power of the Safe smart accounts. This includes features such as leveraging up or unwinding in one transaction, doing collateral and debt swaps, moving whole active positions between different protocols, various automation features, but also even simpler things such as depositing collateral and borrowing funds in one, single transaction. All of this results in unnecessary steps being abstracted away from DeFi users and traders.

Besides all the advanced features that are made possible through use of a smart account, this update also allows DeFi users to greatly increase their security through the use of Safe multisigs, which are the security standard for asset ownership. Starting today, all current and new users can enjoy native multisig support at DeFi Saver moving forward.

Another important aspect for both teams is the composability and portability that users will enjoy. Since Safe is widely supported in DeFi apps and frontends, this means that all DeFi Saver users will be able to check and manage their positions through other apps. And, vice versa, all existing Safe users can now seamlessly connect to the DeFi Saver app and make use of the plethora of tools available.

“We believe that composability and portability are some of the greatest, most important aspects of DeFi and yet this primitive is being ignored by many teams opting to build small, proprietary, walled garden systems. That’s why we chose Safe and intend to keep building on the open, permissionless building blocks.” said Nenad Palinkasevic, the co-founder of DeFi Saver.

Lukas Schor, co-founder at Safe, commented, “Smart Accounts are critical infrastructure and we think that for DeFi mass adoption, we need the security of smart accounts, but also the UX benefits to already integrate within the top DeFi projects today. We welcome this move by DeFi Saver to accelerate the transition to smart accounts and Safe ecosystem.”  

Moving forward, the teams also highlighted that this change will allow great improvements to the user experience in DeFi through continued batching of multiple actions into single transactions, but also through features such as sign-only modes where all transactions would be handled for the users in the background, providing a quicker and smoother experience.

About DeFi Saver

DeFi Saver is a management application for decentralized finance protocols best known for their advanced leverage management features and automated liquidation protection options. Having initially started as a MakerDAO-focused dapp in the early days of DeFi, they quickly expanded support to more protocols, as well as multiple L2 networks. Today, DeFi Saver lets you utilize protocols such as Aave, Compound, Morpho Blue, Spark, CurveUSD and Liquity, across Ethereum mainnet, Arbitrum, Optimism and Base.

Website, Twitter, Discord, Blog, GitHub, Docs

About Safe

Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$100+ Billion in assets today. It is establishing a universal ‘smart account’ standard for secure custody of digital assets, data, and identity. With Safe{Wallet}, its flagship web and mobile wallet, and Safe{Core} account abstraction infrastructure, Safe is on a mission to unlock digital ownership for everyone in web3, including DAOs, enterprises, retail, and institutional users. 

Website, Twitter, Discord, Blog, GitHub, Docs

Contact

Filip Josipovic
Defi Saver Inc.
filip@decenter.com

Texas Bitcoin Miner Giga Energy Taps Into Argentina’s Oil Fields to Power Eco-Friendly Mining Expansion

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Texas-based Bitcoin miner Giga Energy has taken a significant step towards global expansion by establishing operations in Argentina, leveraging the often-wasted energy from natural gas flaring in the country’s oil fields.

Brent Whitehead, Giga’s co-founder, expressed enthusiasm about this venture in a LinkedIn post on March 26, highlighting it as a pivotal development for the company.

He stated, “This move not only broadens our operational landscape but also aligns with our vision to mitigate flaring globally.”

The process of gas flaring involves burning off the natural gas that emerges during oil extraction, releasing methane.

Giga Energy’s innovative approach converts this methane into electricity, which is then used to power its Bitcoin mining rigs.

A novel aspect of Giga’s operation in Argentina involves placing a large shipping container filled with Bitcoin miners atop an oil well, using the excess gas to generate electricity for mining activities.

This system, as reported by CNBC on March 26, is set to significantly enhance Giga’s mining capabilities.

Located in the province of Mendoza, Giga’s Argentinian mining site began testing in December and has mined Bitcoin worth between $200,000 and $250,000.

Despite this early success, co-founder Matt Lohstroh told CNBC that the operation is awaiting the importation of additional equipment to fully scale its activities and achieve profitability.

READ MORE: Bitcoin Surges Past $71,000 as Whales Accumulate, Pre-Halving Dip Possibly Over

Argentina is notable for having the world’s second-largest shale gas reserve, a factor that underscores the potential of Giga’s venture in the country.

Beyond economic benefits, the operation aims to reduce methane emissions, contributing to environmental sustainability.

Brent Whitehead emphasized the ecological impact, noting that by harnessing stranded natural gas for energy-intensive computing, Giga is actively reducing global methane emissions.

Collaborating with IT services company Exa Tech for onsite operations and Phoenix Global Resources for gas supply, Giga Energy is set to make a considerable impact.

CMC Data: Bitcoin (BTC) – Ethereum (ETH) – Shiba Inu (SHIB) – Dogecoin (DOGE) – Fetch.ai (FET)

Since its inception in 2019, Giga has installed 150 megawatts of mining containers in Texas and Shanghai.

This expansion coincides with the anticipation of the Bitcoin halving event, expected to occur around April 20, which will reduce the mining reward and possibly shift global mining activities to regions with lower electricity costs.

Jaran Mellerud, founder and chief mining strategist at Hashlabs Mining, identified Argentina and Paraguay as promising locations for Bitcoin mining in South America, reflecting the strategic importance of Giga Energy’s new venture.

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

DED Trends on Twitter After Memecoin Snapshot Announcement

Lisbon, Portugal, March 28th, 2024, Chainwire

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

The project has sparked a new-found excitement in the Polkadot ecosystem, seeing over 20,000 await their airdrop in the $DED telegram channel.

With the token’s snapshot debuting early last week, the team hopes $DED signifies a second coming for the Polkadot ecosystem and fresh liquidity.

With partnerships and support from top projects on the network such as Talisman Wallet, Nova wallet, SubWallet and others, $DED is showingcasing how powerful and committed the Polkadot community can be.

DED has also launched the biggest Zealy campaign the network has seen, with a total prize pool of over $30,000 in DOT and big crypto personalities have also jumped in on the action. YouTuber DataDash noted in part of his latest video that this could “Put Polkadot back in centre stage”, with others such as Ash Crypto, DubzyXBT and Crypto Banter piling into the action.

The Dot is DED Mission Recap

DOT is $DED was initiated by the community with the purpose of creating the first memecoin on DOT. The community felt that if they worked together they could bring excitement which would onboard a larger community to Polkadot. Figuring out how to do it was the hard part, but after seeing how $BONK acted as a catalyst for the Solana ($SOL), the answer was right in front of the team.

There are now over 1 million DOT holders, and an estimated 100,000 of them have stuck it out to support the DED launch. Now the Snapshot has been taken, DOT is DED will await its airdrop.

For the latest updates and community activity Join the $DED Telegram channel and follow on X.

Contact

Jack
jack@lunarstrategy.com

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