Chain News Daily Official TheBitTimes.com

SafeMoon recorded one of the most remarkable rallies during the 2021 bull run, shocking many between April and May. The epic price action changed even more lives, making some investors unexpected millionaires. The surge came around when Dogecoin (DOGE) was thriving, meaning its position as the king of meme coins could have influenced SafeMoon. Such has been seen in many instances within the crypto playfield, including the recent rally in the crypto market. As reported, Bitcoin (BTC) recently breached the $31,000 mark before pulling back. The overflows of this rally boded well for altcoins, causing price surges across the board. Even Cardano (ADA), Solana (SOL), and Polygon (MATIC) turned bullish despite delisting from Robinhood and recently Revolut. Back to SafeMoon, things changed rather too fast when the token crashed, and efforts to resuscitate it with a second version (V2) proved unsuccessful. The turn of events caused many to write the project off as dead, as key employees baile

Regulators in the U.S. have been been taking enforcement actions in full swing against crypto assets and companies involved in this sector. The SEC filed two back-to-back lawsuits earlier this month against crypto exchanges Binance and Coinbase for allegedly violating U.S. securities laws. The cases managed to rock the entire industry. As a part of the lawsuits, the regulator went on to declare several tokens as securities. In the Binance case, BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI were victims. In the Coinbase lawsuit, the SEC specifically deemed SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO to be securities. Several ripple effects did follow. Robinhood, for instance, ended support for Cardano, MATIC, and Solana on June 27. Even so, the community is earnestly looking forward to more clarity pertaining to crypto rules. Commenting on U.S.’ policy approach w.r.t. crypto, Ethereum founder Vitalik Buterin recently tweeted, “ I f

According to the protocol's closing schedule, part of the operations will cease on July 19, while the withdrawal period ends on August 26. Solana's Cardinal protocol is winding down operations due to economic conditions , nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by August 26.  Cardinal Labs was an infrastructure provider dedicated to supporting NFT use cases on the Solana network by offering protocols and software development kits (SDKs) for staking, rentals, subscriptions, royalties and trading. Hey Everyone, we have some unfortunate news to share After a lot of reflection, we’ve decided to begin the process of winding down our protocols. Let's dive into it ️ — Cardinal (@cardinal_labs) June 28, 2023 Based on the closing schedule, part of the operations will be halted on July 19, including staking pool creations, token management, NFT rentals and rental ext

Santiment revealed in a tweet yesterday that whale activity for many projects spiked yesterday. The intelligence firm shared that many cryptos recorded transfers worth more than $10 million. CHZ, CRV, USDT and MATIC led the way in terms of whale transactions in the past 48 hours. Santiment, the blockchain intelligence firm, shared in a tweet yesterday that there has been a notable increase in whale activity for many projects over the past week. The post added that several cryptos saw transfers worth more than $10 million yesterday alone.  Santiment noted that the significant whale activity witnessed yesterday propelled it to become one of the top three days with the highest whale movement this year. The firm also revealed that Polygon (MATIC), Chiliz (CHZ), Curve DAO Token (CRV), and Tether USD (USDT) led the way in terms of whale activity yesterday. MATIC price (Source: CoinMarketCap) At press time, MATIC was trading at $0.6196 according to CoinMarket

The cryptocurrency market has experienced a tumultuous year, with failed projects, liquidity issues, and the fallout of FTX causing extreme volatility. Significant assets have reached record lows, prompting investors to seek stability.  BUY GLTM TOKENS NOW Amidst these challenging times, cryptocurrencies like Fantom (FTM), and Ethereum (ETH), have managed to defy the downtrend and stay relevant in the crypto market, nevertheless, another cryptocurrency Golteum (GLTM) has emerged out of the rubble with the hope of delivering gains and offers hope to investors through stability in this volatile period. BUY GLTM TOKENS NOW Fantom (FTM): A Consistent Performer Fantom’s native token, FTM, is part of a smart contract blockchain network renowned for its scalability and applications in DeFi, crypto dApps, and enterprise solutions.  While other cryptocurrencies faced losses in recent months, FTM has decoupled from the market and demonstrated consistent growth. Currently trading

Benjamin Cowen has identified a weakness between MATIC to Bitcoin and SOL to Bitcoin. MATICBTC traded within a specific range throughout Bitcoin’s bear market. With SOLBTC, people get sucked in on each pump, then the price fades into new lows. Benjamin Cowen, the founder of ITC Crypto, has identified a weakness between MATIC to Bitcoin and SOL to Bitcoin. The renowned analyst independently compared both altcoins’ recent history with Bitcoin, indicating potential weaknesses over the past two years. Using the MATICBTC weekly chart on TradingView, Cowen showed that MATICBTC traded within a specific range throughout Bitcoin’s bear market. He noted the crypto pair is fading toward the lower part of the range, with the current market situation, with MATIC showing more weakness. #MATIC / #BTC fading to the lower part of the range. Below 1700 sats, there is not much support for a while. pic.twitter.com/USxsE94Qdr — Benjamin Cowen (@intocryptoverse) June 28, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The AiDoge presale was a huge success, and the project is working hard to gain momentum and exposure in the AI cryptocurrency sector. On the other hand, it is anticipated that the project’s recent listing on the MEXC will contribute to the improvement of its value in the coming days. AiDoge’s latest update A reminder has been sent out to holders of AiDoge tokens that the claiming process is now available on the official website of the project. In addition to that, it has opened its community channels to respond to questions asked by users. Users can now navigate to these channels to get their concerns answered in a more convenient way. The staff of moderators is constantly ready to give help and advice at any time. Users are once again able to deposit funds for the project’s token, which has the symbol $AI. See our guide to the best memecoins to buy here. AiDoge’s price prediction AiDoge recently got li

KALEO, a crypto trader and analyst, predicted that BTC’s market dominance may experience a correction. BTC’s market dominance dropping may give altcoins a chance to print gains in the next few weeks. Meanwhile, Ali predicted that ETH could climb to as high as $2,750 if it’s able to overcome the next supply zone. The crypto trader and analyst KALEO predicted in a tweet yesterday that the market dominance of Bitcoin (BTC) may retest a higher timeframe support which was successfully challenged earlier this month. In his post, the trader added that this will not necessarily be an indication of an altcoin season, but will definitely provide a few weeks for altcoins to post some gains. Meanwhile, another trader and analyst by the name of Ali revealed a major supply wall which Ethereum (ETH) will have to overcome in a tweet earlier today. According to the trader, 832,640 addresses bought more than 26 million ETH between $2,000 and $2,060. Should the altcoin leader o

One of the beautiful things about crypto is its ability to take a serious subject like finance, and make it fun, through the use of memes, NFTs and whimsical meme coins like Shiba Inu. More recently the meme coins with hype include $PEPE, $GENSLR and $FKGARY, the latter of which depicts Gensler as scrooge-like figure Mr Burns from the Simpsons. However as anyone who has spent time in crypto will know, most meme coins fly high at first (assuming they even make it that far!) then crash down soon enough.  People looking for a long term investment would do well to consider the reason behind the crypto community’s ire with Gensler – and understand the potential of a fully decentralized trading platform like Tradecurve. BUY TCRV TOKENS NOW GENSLR and FKGARY outperform the entire crypto market Good Gensler ($GENSLR) was launched around the same time as $PEPE. In the days following the SEC’s announcement of the lawsuits against Coinbase and Binance, it mooned by over 260%.  Howev

The crypto ETFs currently listed on the Hong Kong exchange include the CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF. advertisement This also makes HSBC the first bank in Hong Kong to allow its customers to buy crypto-derivative products. Popular crypto journalist Colin Wu noted that the “move will expand local users’ exposure to cryptocurrencies in Hong Kong ”. SCOOP: HSBC, the largest bank in Hong Kong , today allows its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange, and is also the first bank in Hong Kong to allow it. The move will expand local users’ exposure to cryptocurrencies in Hong Kong . pic.twitter.com/vH0LieSVGw — Wu Blockchain (@WuBlockchain) June 26, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read

Crypto projects with more posts from Twitter bots tend to have lower returns over the long-term, according to a study from two Yale University academics. The researchers examined more than one million tweets about 48 different cryptocurrencies created between 2019 and 2021. All had a fundraising goal of more than $1 million via token sales. Their study focused on projects including axie infinity (AXS), cowswap (COW) and polygon (MATIC) leaving out bitcoin (BTC) and ether (ETH). All had a fundraising goal of more than $1 million via token sales. A system to measure a so-called “engagement coefficient” quantified the level of interest and interaction displayed by social media users. “Low engagement coefficients signal a lack of interest, while high engagement coefficients signal artificial activity which is likely from automated accounts known as bots,” Prof. Tauhid Zaman and PhD student Khizar Qureshi wrote in the paper. “We found that the [ engage ment coefficient] was correlated