The post The Top 5 Cryptos That Could Give You the Golden Touch of Wealth appeared first on Coinpedia Fintech News Imagine a future where wealth could be just a few smart decisions away. With the bull run of 2024 upon us, certain cryptocurrencies stand out for their potential to generate significant returns. These tokens are poised to benefit from the current market momentum, leveraging cutting-edge innovations and strong community support. Discover which five cryptocurrencies could transform portfolios and possibly lead to substantial wealth growth in this dynamic era of burgeoning financial technology. BlastUP Goes Viral, Raising $4.7 Million in a Few Weeks BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $4.7 million in just a few weeks. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets. Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking. BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run. >> Buy BlastUP tokens before they skyrocket << Aptos Shows Volatility But Remains Sturdy Amidst Market Swings Recent trends in the Aptos market indicate a state of fluctuation with price levels moving within a broad range. Investors seem cautious, as the coin has experienced considerable declines over short-term periods. However, there is a sense of underlying strength suggested by its better performance in the longer run. Aptos has shown resilience in holding value over extended timeframes. The current market sentiment around Aptos hints at a mixture of skepticism and optimism. The movements suggest investors are reacting to immediate pressures, yet the longer-term outlook appears more stable. As the coin demonstrates an ability to maintain its ground amidst turbulence, this may attract attention from those seeking a crypto asset with the potential to weather market storms and possibly offer longer-term rewards. Arbitrum’s Market Sentiment Shows Mixed Signals Recent trends in the Arbitrum market exhibit a seesaw of emotions. With the price fluctuating, traders seem hesitant, as shown by certain indicators suggesting a balance between buying and selling pressure. However, a closer look reveals a growing optimism among investors, as the coin has been recently gaining more attention, leading to an increase in buying activities over the past few months. Arbitrum, with its unique technology catering to the Ethereum network, is attracting interest due to its potential to make transactions faster and cheaper. This inherent strength could play a crucial role in its adoption, propelling its value upward. Despite the recent dip, the coin’s performance in recent months injects a cautious optimism into the market, hinting at a brighter future ahead. Pyth Network Encounters Uneven Market Dynamics The Pyth Network has been traversing a period of volatility with its prices fluctuating in a broad range recently. The market mood seems cautiously optimistic, as the asset has not dropped to its lower support level but is also having trouble pushing past the immediate resistance mark. Investors are watching with a keen eye as the price attempts to stabilize after some downward movement over varying time frames. Given Pyth Network’s role in providing real-time on-chain market data, the current market sentiment influences the perception of its utility. Traders and developers alike may see its stability as a reflection of the reliability of its data feeds. As the network finds its footing amidst the current conditions, its potential for growth and wider adoption hangs in balance with market perceptions. Starknet Encounters Volatile Market Conditions Starknet’s value has seen a significant rollercoaster ride recently with notable drops in the short term, countering its massive surge over the previous months. The cryptocurrency’s current market sentiment suggests a cautious equilibrium, with investors seemingly undecided as Starknet hovers between previously established highs and lows. Understanding the fundamental aspects of Starknet, including its role in enabling scalable blockchain applications, it becomes clear that long-term potential may attract investors looking beyond immediate price movements. The market’s hesitancy might reflect an anticipation of Starknet’s technological impact and the broader adoption of its underlying ecosystem. Conclusion The four cryptos mentioned – APT, ARB, PYTH, and STRK – may not offer immediate wealth, showing limited short-term growth. However, BlastUP stands out with strong potential. A solid concept and its place within the Blast ecosystem position BlastUP as the front-runner for substantial growth during the current bull run. Those looking for promising crypto investments might find BlastUP to have the most potential for delivering impressive returns. Site: https://blastup.io/ Twitter: https://twitter.com/Blastup_io Discord: https://discord.gg/5Kc3nDhqVW Telegram: https://t.me/blastup_io
The post Billion Dollar Jackpot’s Presale Advantage: Why It’s a Step Ahead of Crypto Presales Dogecoin20 And 5thScape appeared first on Coinpedia Fintech News According to a report by CoinMarketCap, participation in successful presales has become a significant driver of returns in the cryptocurrency market. In 2023 alone, investors participating in early funding rounds of promising projects saw an average return on investment (ROI) exceeding 200%. This month, three projects – Billion Dollar Jackpot (BDJ), Dogecoin20 (DOGE20), and 5thScape (5SCAPE) – have sparked the interest of crypto investors searching for the next trending token. However, with limited resources and countless options, choosing the right project is crucial. Billion Dollar Jackpot Fuels New Age Of Crypto Billion Dollar Jackpot (BDJ) has already been touted as having a massive impact on the markets due to its unique approach to Decentralised Finance (DeFi). This new altcoin is a revolutionary blockchain platform transforming Formula 1 fan engagement. Based on transparency and security, BDJ uses $BDJ, its native token, to create a gamified prediction market. Here’s the exciting twist: fans strategically deploy $BDJ tokens to predict race outcomes, accumulating points for each accurate guess. As the season progresses, these points culminate in a nail-biting showdown at the end, with the ultimate victor claiming a significant share of a massive prize pool. This unique blend of real-world passion and gamified rewards positions BDJ as a strong contender that is creating its own space within the markets. The BDJ ecosystem extends far beyond predictions. BDJ tokens fuel the entire platform, enabling users to enter new races, unlock exclusive features, and even participate in trading on open markets. The ongoing presale offers an attractive entry point for early investors to acquire $BDJ tokens before their anticipated price rise. Additionally, staking your presale allocation maximises your holdings and unlocks real-time reward tracking, incentivising early participation. Dogecoin20: A Meme Coin with a Green Twist Established in 2024, Dogecoin20 (DOGE20) capitalises on the immense popularity of Dogecoin (DOGE) but promises a cleaner, greener, and more feature-rich experience. Built on the Ethereum blockchain, DOGE20 boasts staking incentives and compatibility with popular Ethereum-based wallets. While the project’s strategic launch date, two days ahead of schedule to capitalise on the hype surrounding Bitcoin’s halving and Doge Day (4/20), is a clever move, DOGE20 primarily relies on meme coin popularity and cultural significance. This dependence on a single trend raises questions about its long-term sustainability. 5thScape: Redefining Entertainment in the Metaverse Founded in 2024, 5thScape seeks to redefine entertainment and education through a captivating virtual reality (VR) and augmented reality (AR) ecosystem. The project, helmed by a team of experienced professionals, aims to develop innovative hardware, software, and engaging gaming content to foster a community-driven VR and AR experience. While 5thScape’s vision for the future of VR entertainment is promising, the project is still in its early stages of development. Investors seeking immediate returns might find themselves waiting for significant traction in this evolving market. The cryptocurrency market is dynamic and unpredictable, but BDJ’s focus on a passionate community, real-world utility, and a transparent presale positions it as a strong contender in the race for trending cryptos. As the F1 season unfolds and the BDJ ecosystem takes root, investors participating in today’s presale might celebrate a significant victory race day. Find out more about BDJ: Website: https://racetoabillion.com/en Twitter: https://twitter.com/B_DollarJackpot Telegram: https://t.me/billion_dollar_jackpot
UK's Allica Bank says that it is currently on a mission to give established businesses in the United Kingdom the banking they deserve.
The post “Family Affairs: How Father CHUCK Halved Bitcoin to Share with ANDY, PEPE, BONK, and BOME!” appeared first on Coinpedia Fintech News Amid the crypto carnival, an unprecedented event shook the blockchain world today: Bitcoin didn’t just halve; it was halved by none other than Father CHUCK himself! In a dramatic display of family values, CHUCK decided to slice Bitcoin down the middle to share with his beloved kin, ANDY, PEPE, BONK, and BOME. A Heartwarming Tale of Cryptocurrency Camaraderie Early this morning, as crypto enthusiasts worldwide watched the charts with bated breath, CHUCK, a sprightly new entrant in the Ethereum meme coin universe, wielded his digital scissors and made a cut so precise that the whole market gasped. The motive? Pure family generosity. PEPE, the ever-optimistic frog, BONK, the meme dog with a knack for high jinks, and BOME, a newcomer with a bombastic flair, all received their fair share of Bitcoin, and the crypto community couldn’t help but applaud. CHUCK’s Market Magic: From Cutting to Soaring After the halving, CHUCK glanced at the charts and declared a “healthy correction.” Not just any dip on the graph, but a plummet that CHUCK reassured was the bottom from which they would all soar to new heights. With a wink, he rallied his meme coin family, and together, they prepared to ride the bull run. The Rally Cry: Join the CHUCK movement! With about 4,000 members already frolicking in the CHUCK Telegram and Twitter communities, the buzz is just beginning. This family doesn’t just meme around; they redefine the meme coin landscape. From burning liquidity to renouncing contracts, CHUCK ensures that not a single dull moment passes in the crypto sphere. If you’re itching for a slice of the pie, or perhaps a sliver of Bitcoin, hop onto the family bandwagon at: Website: https://chuck.club • Telegram: https://t.me/CHUCKonETH • Twitter: https://twitter.com/CHUCKonETH • Memepaper: https://app.chuck.club/Memepaper.pdf Join in, and let’s meme our way to the moon with CHUCK – where every day is a halving party!
Framework Ventures says it has led a $10 million investment round in Uplink, a DePIN network with a goal to democratize access to the internet.
The post This Week in Crypto: Bitcoin Halving and Other Key Developments in Web3 and Blockchain appeared first on Coinpedia Fintech News This analysis report, backed by quality data, covers the major developments the Web3, Blockchain and Crypto sector has experienced this week. 1. Breaking News This Week Shibarium Introduces Enhanced UI, Expands Wallet Compatibility Shibarium’s team unveils a faster UI and broader compatibility with wallets like MetaMask and Trust Wallets, enhancing accessibility for users of Shiba Inu’s layer-2 scaling network. Crypto Trader Convicted for Solana DeFi Manipulation Avraham Eisenberg found guilty of fraud and market manipulation on Solana’s Mangi Markets in 2022, leading to significant losses for investors before fleeing with funds. Tether Launches USDT and XAUT on TON Blockchain Tether expands its stablecoin presence by introducing USDT and XAUT on The Open Network (TON). increasing accessibility across over a dozen blockchain networks beyond its previous offerings. Binance to Return to Indian Market After Settlement Binance poised for re-entry into India after setting with a $2 million penalty, subject to oversight by the Financial Intelligence Unit (FIU) under the finance ministry, following its previous ban. Interest Peaks in Bitcoin Halving, Hits Historic High Public curiosity surges as Google searches for “Bitcoin Halving” reach an all-time high, indicating heightened interest and awareness surrounding the event, with search interest steadily rising since the start of 2024. WorldCoin Plans Ethereum Layer-2 Blockchain for Verified Users WorldCoin, co-founded by Sam Altman, announces an Ethereum layer-2 blockchain prioritising verified human identities over bots, aiming to expand its user base and enhance security with iris-scanning technology. Senators Introduce Stablecoin Regulatory Framework Amid Differing Views Senators Gillibrand and Lummis propose the Lummis-Gillibrand Payment Stablecoin Act, aiming to regulate stablecoins with a focus on innovation and consumer protection, amidst differing views for Senator Elizabeth Warren. Tether Expands Beyond Stablecoins, Unveils New Business Divisions Tether shifts focus towards broader blockchain solutions with the launch of four new divisions: data, finance, power and education, signalling a strategic expansion beyond its traditional USDT offerings 1.1. Bitcoin Halving: An Overview The blockchain world just saw its fourth Bitcoin halving. The event is set to influence the whole industry positively. It is not just Bitcoin; many other big cryptocurrencies are likely to start going up in value. If we look at how prices have changed in the past, it seems that the whole crypto sector will feel this impact sooner or later. Major crypto currencies like Bitcoin have already shown their bullish sentiments. The price of BTC now stands at $63,953, which was only around $40,077 in late January, this year. 2. Blockchain Performance In this section, we will analyse two factors primarily: the top-performing blockchains based solely on their 7-day change and the top performers among the top five blockchains with the highest TVL. 2.1. Top Blockchain Performers by 7-Day Change This week’s top blockchain performers, based on their 7-day change, are ZetaChain, Chiliz, Degen, Filecoin, and Core. Blockchain 7-Day Change (in %)TVLZetaChain+105.9%$3,675,442Chiliz+75.8%$236,976Degen+32.5%$5,149,557Filecoin+22.8%$33,603,828Core+22.3%$10,620,516 As per the analysis using the 7-day change index, ZetaChan shows a 7-day change of +105.9%. Chiliz follows with +75.8%. Degen, FileCoin and Core mark +32.5%, +22.8%, and +22.3% respectively. 2.2. Top Performers: 7-Day Change in Top 5 Blockchains with Highest TVL Ethereum, TRON, BNB Smart Chain, Solana, and Arbitrum One are the top five blockchains in the market on the basis of TVL and market dominance. Let’s see how the top five blockchains have performed this week, using 7-day TVL change. Blockchain 7d Change (in %) Dominance (in %) TVL (in Billion)Ethereum -0.8%61.04%$50,217,857,199TRON-8.9%10.09%$8,302,775,713BNB Smart Chain +3.2%7.32%$6,020,262,832Solana-3.0%4.54%$3,731,497,676Arbitrum One -14.5%3.18%$2,617,048,261Others13.82% As per the analysis made using the 7d change index, BVB Smart Chain shows a positive 7-d change of +3.2%. The other four demonstrate negative growth rates. Arbitrum One records an extreme negative growth of -14.5%. TRON closely follows it in terms of negative growth, with -8.9%. 3. Crypto Market Analysis The crypto 7-day price change and dominance analysis and top gains and losers analysis are the two prime areas of the crypto market analysis. 3.1. Crypto 7-D Price Change and Dominance Analysis Bitcoin, Ethereum, Tether, BNB, and Solana are the top cryptocurrencies as per the market cap and dominance indices. Let’s analyse their seven-day price change. CryptocurrencyDominance Percentage 7-D Change (in %)PriceMarket CapBitcoin 51.84%-5.1%$64,104.32$1,262,008,035,124Ethereum 15.1%-5.9%$3,067.66$367,848,448,519Tether 4.51%+0.0%$1.00$109,536,542,042BNB3.53%-4.5%$562.42$86,373,022,127Solana 2.63%-6.1%$144.58$64,116,390,944Others 22.39% As per the analysis using the 7-day change index, among the top five cryptocurrencies, except Tether, all the others demonstrate negative changes. Solana exhibits a worst change of -6.1%. Ethereum and Bitcoin, the second power and the most powerful players in the sector, it seems, closely compete with Solana to win the worst performer position, with -5.9% and -5.1%, respectively. 3.2. Top Gainers & Losers of the Week in Crypto Market Here is the list of top gainers and top losers of the week in the cryptocurrency market. The analysis is made using the 7-day Gain and 7-day Lose indices. 3.2.1. Top Gainers of the Week in Crypto Cryptocurrency 7-Day Gain Price Core+28.66%$2.05Celestia +23.44%$11.58Arweave +11.36%$29.08Sui+10.07%$1.36Axelar +9.53%$1.21 Core, Celestia, Arweave, Sui and Axelar are the top gainers of the week. Core records an impressive gain of +28.66%. Meanwhile, Celestia and Arweave closely follow with +23.44%, and +11.36%, respectively. Sui and Axelar indicate a climb of +10.07%, and +9.53%, respectively. 3.2.2. Top Losers of the Week in Crypto Cryptocurrency 7-Day LossPrice Nervos Network -26.45%$0.01983ORDI-25.28%$46.15Ethena -19.75%$1.03eCash-17.93%$0.0000514Bittensor-17.80%$452.06 Nervous Network, ORDI, Ethena, eCash, and Bittensor are the top losers of the week. Nervos Network records a 7-day loss of -26.45%. ORDI and Ethena follow with -25.28%, and -19.75%, respectively. Meanwhile, eCash and Bittensor exhibit a loss of -17.93%, and 17.80%, respectively. 3.3. Stablecoin Weekly Analysis Tether, USDC, DAI, First Digital USD, and Ethena USDe are the top stablecoins in the market in terms of market capitalization. Let’s analyse their weekly performance using seven-day market capitalisation, market dominance and trading volume indices. Stablecoins Market Dominance (7d) [in %]Market Capitalisation (7d)Trading Volume (7d)Market CapitalisationTether 70.27%$109,818,847,614$57,599,947,917$109,594,205,830USDC21.74%$33,914,604,457$11,719,105,722$33,921,293,569Dai3.28%$5,119,283,867$1,159,381,630$5,105,838,891First Digital USD2.32%$3,602,025,879$3,803,425,446$3,591,307,865Ethena USDe1.52%$2,373,483,367$79,332,736$2,366,466,334Others 0.87% On the basis of the 7-day market dominance index, Tether dominates the market with a dominance percentage of 70.27%. USDC follows with a promising dominance percentage of 21.74%. Dai, First Digital USD and Ethena USDe display 3.28%, 2.32% and 1.52% respectively. 3.3.1. Stablecoin Weekly Price Analysis Let’s analyse the weekly performance of the top stablecoins further using the seven-day price change index. Stablecoins 7-Day Price Change (in %)PriceTether +0.0%$1.00USDC-0.1%$1.00Dai+0.2%$1.00First Digital USD-0.1%$0.9995Ethena USDe-0.2%$1.00 As per the analysis done using the 7-day price change index, Dai records a positive change of +0.2%. Tether, which shows a change of +0.0%, is the only other cryptocurrency that shows a positive change among the top five stablecoins. Ethena USDe showcases a negative change of -0.2%. Both USDC and Dai exhibit a negative 7-day price change of -0.1%. 4. Bitcoin ETF Weekly Analysis Bitcoin Futures ETFs and Bitcoin Spot ETFs should be analysed separately, in order to get the right picture of the Bitcoin ETF market, as they represent two different segments. Let’s start! 4.1. Bitcoin Futures ETF Weekly Analysis ProShares (BITO), VanEck (XBTF), Valkyrie (BTF), Global X (BITS), and Ark/21 Shares (ARKA) are the top Bitcoin Future ETFs, as per the Asset Under Management index. Let’s use the price change percentage index to analyse these ETFs. Bitcoin Futures ETFsPrice Change (Gain/Loss) [in %]Asset Under Management (in Billion)Price ProShares (BITO) +1.19%$598.78M$28.10VanEck (XBTF)+0.33%$42.41M$39.22Valkyrie (BTF)+1.41%$38.20M$18.68Global X (BITS)+2.33%$26.10M$62.26Ark/21 Shares (ARKA)+1.31%$8.01M$61.72 As per the analysis based on the price change (gain/loss) index, Global X (BITS) exhibits the biggest gain of +2.33%, among the top five Bitcoin Futures ETFs. Valkyrie (BTF) closely follows with +1.41%. Ark/21 Shares (ARKA) and ProShares (BITO) registers gains of +1.31% and +1.19%. Conversely, VanEck (XBTF) only shows a minimal growth of +0.33%. 4.2. Bitcoin Spot ETF Weekly Analysis Grayscale (GBTC), Blackrock (IBIT), Fidelity (FBTC), Ark/21 Shares (ARKB), and Bitwise (BITB) are the top Bitcoin Spot ETFs, as per the Asset Under Management index. Let’s analyse them using the price change index. Bitcoin Spot ETFsPrice Change (Gain/Loss) [in %]Asset Under Management (in Billion)Price Grayscale (GBTC)+1.29%$24.33B$57.31BlackRock (IBIT)+1.27%$17.24B$36.67Fidelity (FBTC) +1.31%$9.90B$56.32Ark/21 Shares (ARKB)+1.35%$2.85B$64.42Bitwise (BITB) +1.24%$2.16B$35.11 As per the analysis made using the price change (gain/loss) index, all the top five spot ETFs show positive changes. Ark/21 Shares (ARKB) display the biggest change of +1.35%. Fidelity (FBTC) closely follows with +1.31%. Grayscale (GBTC) and BlackRock (IBIT) record positive changes of +1.29% and +1.27%. With +1.24%, Bitwise also showcases a positive change. 5. DeFi Market Weekly Status Analysis Lido, EigenLayer, AAVE, Maker, and JustLend are the five top DeFi protocols on the basis of TVL. Let’s analyse its weekly performance using the 7d Change index. DeFi Protocols7d Change (in Total Value Locked) [in %]TVLLido-6.87%$28.72BEigenLayer+2.53%$13.19BAAVE-2.62%$10.341BMaker-1.15%$7.869BJustLend-11.09%$6.206B As per the analysis on the basis of the 7d change (in TVL) index, Only EigenLayer records a positive change among the top five DeFi protocols. It shows a moderate positive change of +2.53%. Notably, JustLend exhibits an extreme negative change of -11.09%. Lido also showcases a unimpressive negative change of -6.87%. AAVE and Maker demonstrate mild changes of -2.62% and -1.15%. 6. NFT Marketplace: A Basic Weekly Analysis Blur, Blur Aggregator, Cryptopunks, Opensea, and Gem are the top NFT marketplaces on the basis of market share. Let’s analyse them using the Volume Change (change of last 7d volume over the previous 7d volume) index. NFT Marketplaces Market ShareVolume Change [Last 7 Day over the Previous 7 Day Volume]7-day Rolling Volume 7-day Rolling Trades Blur66.03%-1.01%14181.6624495Blur Aggregator 24.69%-1.71%6711.5811806Cryptopunks 3.87%-26.20%769.8716Opensea1.99%-51.86%336.262369Gem0.84%+25.44%543.871833Others 2.57% As per the analysis made using the volume change index, among the top five marketplaces, only Gem displays a positive change. It shows a change of +25.44%. Meanwhile, Opensea showcases an extremely worse change of -51.86%. With -26.20%, Cryptopunks competes with Opensea for the worst performer position. Compared to these two, Blur Aggregator and Blur record mild changes. 6.1. Top NFT Collectible Sales this Week $PUPS BRC-20 NFTs #e7b8, $PUPS BRC-20 NFTs #983b, $PUPS BRC-20 NFTs #5d63, $CATS BRC-20 NFTs #456f, and $CATS BRC-20 NFTs #2707 are the top NFT collectable sales reported this week in the NFT market landscape. NFT Collectibles Price (in USD)$PUPS BRC-20 NFTs #e7b8$317,718.32$PUPS BRC-20 NFTs #983b$254,831.23$PUPS BRC-20 NFTs #5d63$254,062.67$CATS BRC-20 NFTs #456f$250,882.36$CATS BRC-20 NFTs #2707$245,243.28 $PUPS BRC-20 NFTs #e7b8 was sold for a huge sum of $317,718.32. $PUPS BRC-20 NFTs #983b and $PUPS BRC-20 NFTs #5d63, the NFTs of similar nature as that of the top collectible sold this week, follow closely. $CATS BRC-20 NFTs #456f and $CATS BRC-20 NFTs #2707 were sold for $250,882.36, and $245,243.28, respectively. 7. Web3 Weekly Funding Analysis 7.1. General Crypto Fundraising Trend Analysis The two prime areas of the general crypto fundraising trend analysis are the crypto fundraising by category analysis and the top crypto investment locations analysis. 7.1.1. Crypto Fundraising by Category This Week Blockchain Infrastructure, Blockchain Services, CeFi, Chain, DeFi, and GameFi are the categories which have witnessed activities this week. Let’s analyse them using the Number of Fundraising Rounds and Funds Raised in USD. Category Number of Fundraising Rounds April 15-21, 2024Funds Raised in USDApril 15-21, 2024Blockchain Infrastructure2$6.80MBlockchain Service 9$35.28MCeFi2N/AChain4$5.40MDeFI9$64.30MGameFi2$10.00M As per the analysis done on the basis of the number of fundraising rounds index and funds raised index, the DeFi segment raised the biggest amount of $64.30M. The Blockchain Services sector is the category that arrived second, raising a sum of $35.28M. GameFi gained over $10.00M. Blockchain Infrastructure and Chain secured $6.80M and $5.40M, respectively. 7.1.2. Top Crypto Investment Locations This Week Apart from undisclosed, the US, Germany and Singapore are the top crypto investment locations this week. Crypto Investment LocationsFunds Raised in (%)Funds Raised in USDNumber of Fundraising RoundsUndisclosed 57%$69.28M18United States 29%$35.10M5Germany 12%$15.00M1Singapore 2%$2.40M1 As per the analysis based on the number of fundraising rounds (in %) index and the fund raised (in %) index, undisclosed remains in the top position with $69.28 million funds raised, through 18 fundraising rounds. With $35.10 million raised through just five rounds, the United States closely follows. Germany, with $15.00 million in one round, and Singapore, with $2.40 million in one round, enjoy the third and fourth positions in terms of funds raised. 7.2. ICO Landscape: A Weekly Overview Nuklai, Sharpe AI, Omni Network, Y8U AI, and Snapmuse.io are the major ICOs that ended this week. Let’s analyse how much amount they received. ICOFund Received Token Price Fundraising GoalTotal Tokens Token (Available for Sale)Nuklai$320,000$0.003$360,00010,000,000,000N/ASharpe AI$1,800,000$0.02$100,000100,000,00012.75%Omni Network$18,140,000N/A3,500,000 Tokens 100,000,000N/AY8U AI$900,000$0.02$100,0001,000,000,0006.5%Snapmuse.io$1,550,000$0.02$800,000500,000,00026% This week, Omni Network is the one which raised the largest amount. It raised somewhere around $18,140,000. Sharpe AI and Snapmuse.io raised $1,800,000, and $1,550,000, respectively. 8. Weekly Blockchain Hack Analysis As of April 20, 2024, hackers have stolen a significant $7.77 billion. The majority, approximately $5.85 billion, targeted decentralised finance platforms. Another portion, roughly $2.83 billion, was taken from bridges connecting different blockchain networks. Grand Base experienced a major hack this week, on 15th April, 2024. Nearly $1.7 million was hacked using the technique of private key compromise. Endnote In this week’s comprehensive analysis of Web3, Blockchain and Crypto, we have brought out powerful insights, which can be used to stay-to-data about the market developments. As the landscape evolves, the strategic integration of technology and data-driven decision-making becomes paramount for stakeholders navigating the dynamic realms of decentralised technologies.
Grayscale said it will contribute around 10% of GBTC assets to the Mini Fund, some 63,204 bitcoin.
The post Ripple vs. SEC Lawsuit Heats Up With $2 Billion Penalty on the Line: What Next? appeared first on Coinpedia Fintech News The clash between Ripple and the SEC is heating up, with talk swirling about a potential Supreme Court showdown. Ladan Stewart, a former SEC litigator, has hinted at this possibility, setting the stage for a crucial legal showdown on April 22nd. At the heart of the matter is the question of whether crypto tokens like XRP should be classified as securities. After a favorable ruling for Ripple in 2023, the SEC is gearing up to challenge it, reigniting the debate. Now, with a significant demand hanging over Ripple Labs, we’re on the brink of a high-stakes legal standoff. The SEC’s Multi-Billion Dollar Demand In a bold move, the SEC is flexing its regulatory muscles, seeking nearly $2 billion from Ripple for alleged violations of the Securities Act of 1933, focusing on unregistered XRP offerings. This hefty penalty, including disgorgement, prejudgment interest, and civil fines, has left Ripple executives incredulous, especially since there are no fraud allegations or contractual disputes in play. Ripple’s Defense Strategy On April 22, Ripple will be submitting a redacted version of its opposition brief to the SEC. They will include documents and evidence, supporting their cause. Some parts will stay private based on SEC rules, but a public version will come later. Ripple’s defence is likely to challenge the SEC’s penalty request. It would possibly refer to a court decision from the Aron Govil case and Coinbase’s clarity on secondary market sales Additionally, Attorney John E. Deaton wants to help 4,700 Coinbase customers in a case against the SEC. Coinbase is challenging a key rule about digital assets. If Coinbase wins, it could help Ripple in its own case against the SEC. Read more: Ripple’s John Deaton Rallies Thousands of Coinbase Customers in Battle Against SEC XRP’s Price Stands Strong Despite the legal storm brewing, XRP remains steadfast, hovering below the $0.50 mark. Concerns voiced by Bill Morgan about the lawsuit’s fallout and Ripple’s silence on XRPL notwithstanding, the digital asset shows resilience. Brad Garlinghouse’s vision to bridge traditional finance with the crypto world underscores Ripple’s strategic strength in the face of mounting regulatory challenges. Against a backdrop of geopolitical tensions and legal battles, XRP’s price trajectory is uncertain. Friday’s rise to $0.5030 reflects the market’s jittery response to external factors like the SEC lawsuit. However, with price projections ranging between $0.5739 and $0.45, the outlook remains hazy, with stakeholders eagerly awaiting Ripple’s next move. Read more: Is the Ripple vs SEC Lawsuit Holding XRP Price Back?