Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Crypto Podcaster Cobie Burns Majority of ‘UPONLY’ SOL Tokens in Bold Move

Crypto Influencer known as Cobie (Jordan Fish) just burned 60% of the Solana meme coin “UPONLY” which was worth $17 million after it was gifted to him. He burned it by distancing himself completely from the token linked to his old podcasts. The burn dropped UPHOLY’s market cap from $45 million to mere $4.3 million. After this, Cobie, who co-hosted UpOnly with Ledger until FTX’s collapse, is now working on a new crypto project called Echo.

Crypto Influencer Cobie (Jordan Fish) sadly just torched 60% of Solana’s meme coin “UPONLY. The coin was issued via Pump.fun on Friday November 8 after the tokens were received as a gift. UpOnly is the name of podcast he runs, which became a meme on Cobie’s former crypto show and an unknown developer even sent  600 million coins to the trader. However, Fish has stated multiple times that he has no ties with this meme token.

Firstly Fish posted a screenshot of swapping UPONLY coins for a dog-themed token called Dogwifhat, then he again shared a pic of him burning the tokens and jokingly saying “This was worth $17 million when I burned it lol.” Maybe he was too naive to realize but in crypto, burning means the tokens are permanently destroyed and taken out of the circulation, which means it was a total waste worth of millions.

Solscan confirmed Cobie burned 600 million UPONLY tokens which dropped the supply to 400 million. The coin’s market cap shot up to $45M before crashing to $4.3M after the burn. After the incident, Cobie’s old podcast which was backed by FTX, decided to part ways. And after the exchange collapsed, he and co-host Ledger moved on to other crypto projects.

As of now Fish is working on a new collaborative crypto angel, Echo, but their activities have largely remained unknown.

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ValueZone Debuts with Free Investment Plan to Bring AI-Driven Crypto Trading to All

Summary

ValueZone has just announced their AI powered crypto trading platform and its also comes with a no-cost entry plan. This is changing the game for both newbies and pros. Just sign up and get $50 in trial funds to test the waters, with profits you can even withdraw or reinvest into more options on the site. They’ve also got premium plans where top notch AI models are used, this really solves risk problems at different levels, from high-frequency trading to long-term growth. It’s all about transparency, education, and making crypto trading more accessible and secure for everyone.

ValueZone is an AI powered crypto trading platform and they are making crypto trading super easy for everyone, from absolute rookies to pros, by announcing a Free Investment Plan. They are using advanced AI and smart investment strategies to provide users with insights, automated trading, and custom plans according to their goals and risk levels.

To get started on their Crypto Investment Plan, there is just an easy sign up. After the sign up users are provided with 50 dollars as trial funds which they can use for investment provided on the platform. These trial dollars can only be invested though and can’t be taken out, but the profits gained by investing them can be withdrawn. Users can cash out their money as soon as their profits hit ValueZone’s $100 minimum—no extra investments needed. It really is a very risk-free way to start into investing and to be introduced to the wider  ValueZone’s high-frequency data-driven environment of trading. Furthermore, users can also get the feel of how the platform actually works before making major investments. As per reports, its also ultra secure as it uses unbreakable advanced AI models.

Plus, they have also added exciting 5% extra referral bonus. Just introduce your colleague or friends about this and you get 5% extra. There is also 3.5% referral bonus in ValueZone’s Affiliate Program, this is where influencers, financial pros, and crypto fans shine as they can earn just by sharing the platform. These extra earnings let users grow their network and reinvest in the platform effortlessly.

ValueZone also keeps it real with transparency. It encourages users to check out the terms and disclaimers to fully understand the platform. It’s all about helping users learn the ropes of crypto trading, risks, and rewards from the jump.

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Blockstream Opens R&D Center in Lugano to Advance Bitcoin Innovation

Summary

To support Bitcoin layer-2 developments and the expansion of financial technology, Blockstream, a well-known Bitcoin infrastructure company, has established a new research and development facility in Lugano, Switzerland.

Blockstream’s Strategic Move in Lugano

Blockstream’s R&D hub in Lugano aims to boost innovation in Bitcoin’s Liquid and Lightning networks. The center will bolster Lugano’s position as a center for blockchain development by providing grants, mentorship, and assistance to local startups. The city is also well-known for launching a statue of Satoshi Nakamoto and holding recent Bitcoin events.

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Funding and Layer-2 Development

The new R&D center follows Blockstream’s recent $210 million funding to drive Bitcoin layer-2 growth, expand its BTC holdings, and enhance mining operations. Blockstream’s previous investment rounds centered on cryptocurrency mining and growing the Bitcoin finance ecosystem are complemented by this endeavor.

Tools for the Bitcoin Community

Blockstream’s product suite includes Blockstream Green, a secure BTC wallet, and Greenlight, which simplifies BTC payment integration for developers. Additionally, the Liquid Network, launched in 2018, provides a platform for inter-exchange transactions, supporting brokers and market makers within the Bitcoin ecosystem.

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Chainlink and AI Join Forces as Big Banks Tackle $3.1 Trillion Challenge

Summary

Chainlink is taking in charge of a huge issue in finance, the data fragmentation. Its solution includes blending AI , oracles and blockchain techs. According to them, Chainlink’s Oracle protocol will give financial institutions access to real time and standardized data and it even automates every validation making everything much faster and way more accurate. Its definitely a game changer for cutting through the messy data systems that banks have struggled with for years.

Rise of artificial intelligence has no doubt gained major traction by investors and businesses alike over the past year. AI makes every thing much easier by giving quick solutions to most daily internet surfing problems, this might be the reason why chatGPT is so mainstream right now. Its amazing search engine has made lives of millions easier and hence have uplifted the “AI” name as a whole.

Financial industry have always faced a daunting challenge named, fragmented data concerning with corporate actions such as mergers, dividends, and stock splits. These fragmentations leads to a very messy and inaccurate calculations which often lead to institutions losing $3 million to $5 million every year. In the midst of this Chainlink emerged as the savior as it has taken responsibility to solve this with an innovative solution.

Basically Chainlink plans on mixing AI, oracles and blockchain to create a single, reliable data source, or “Unified Golden Record,” for financial info. Its reportedly working with big names such as Swift, Euroclear and UBS which helps in Chainlink’s oracle to pull real world data into its blockchain systems. This really makes everything more accessible and trustworthy for banks, asset managers, and investors as a blockchain system is transparent and secure. Additionally it is also integrating popular AI models like ChatGPT, Google’s Gemini to further boost data accuracy and transparency across both private and public blockchains. This behind-the-scenes innovation could completely streamline outdated financial workflows.

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Galaxy Digital Turns to AI Innovations Amid Bitcoin Mining Challenges

Summary

Galaxy digital, a seemingly huge name in Bitcoin mining is shifting focus to AI amid its rising competition and mining challenges. In its Q3 report, they revealed plans to repurpose their Helios facility in Texas for high-performance AI computing through partnership with a major data center. Galaxy aims to ramp up their power capacity to reach 1.7 GW.

Galaxy digital, a financial services and investments management company which also performs Bitcoin mining has decided to hop in on the trend and shift to AI . Its mostly driven to such path by increasing competition and rising mining difficulty within the whole sector.

In its Q3 reports, Galaxy shared info about them teaming up with a big-time data center called “hyperscaler”, which is rumored to convert its 800MW Helios mining facility in Texas into a high-performance AI hub. At this time only 200MW is active and they’re aiming to boost capacity by adding up to 1.7GW but they need approval from higher-ups to make it possible.

They are not the only ones following this trend, some other big names in crypto mining like Riot Platform and Marathon Digital are also looking to hop on to AI. Core Scientific has already locked in an $8 billion AI deal with CoreWeave over the next 12 years. Analysts say this shift is a major game-changer, to quote: “if Bitcoin miners put 20% of their energy toward AI, annual profits could hit $14 billion by 2027”.

Swiss City Lugano Issues Third Blockchain Bond Worth $139 Million

Synopsis

Lugano, Switzerland, has released its third blockchain-based bond, valued at $139 million. This move shows the city’s commitment to digital finance and blockchain technology and is a significant step toward the adoption of blockchain for public sector financing.

Blockchain Bond Growth

The latest bond, issued on November 4, is part of Lugano’s broader digital bond initiative, with a total value of 320 million CHF ($365 million) across three issuances. This bond is listed on both the SIX Digital Exchange and the traditional SIX Swiss Exchange. Additionally, it is a component of Project Helvetia, the Swiss central bank’s wholesale central bank digital currency pilot.

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Successful Digital Bond Issuances

Lugano’s first blockchain bond was issued in January 2023, followed by a second issuance in February 2024. Both bonds had a total value of 200 million CHF and were successfully subscribed by investors. Paolo Bortolin, the city’s deputy CFO, emphasized how easy it is to issue digital bonds and how the technology has the potential to completely transform the financial sector.

Promoting Wider Adoption

This continued issuance of digital bonds by Lugano indicates a growing confidence in blockchain’s potential to transform financial systems. Bortolin urged other issuers to adopt blockchain, pointing to high investor interest and an hour-long bond subscription. Lugano has established itself as a crypto-friendly city by promoting blockchain adoption for tax payments and the launch of LUGA, a stablecoin based on Bitcoin.

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Eclipse Unveils Public Mainnet for First SVM Layer-2 on Ethereum

Summary

The public mainnet for Eclipse, a layer-2 Ethereum network driven by Solana Virtual Machines (SVMs), has been formally launched by the Eclipse Foundation. This development is a big step in combining the advantages of Solana and Ethereum, improving financial tools and decentralized apps (dApps) on one platform.

Building a Bridge Between Ethereum and Solana

The new mainnet aims to bridge Ethereum’s security and liquidity with Solana’s high-performance execution capabilities. According to CEO Vijay Chetty, Eclipse offers developers from both ecosystems an unprecedented platform to scale dApps across finance, gaming, and consumer applications, tapping into the strengths of both networks. Chetty described Eclipse as a bridge that empowers developers to build in a more unified environment.

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Building the Ecosystem

Eclipse has expanded its ecosystem with important projects like Orca, Nucleus, and Save since launching its developer-focused mainnet in October. These integrations demonstrate Eclipse’s dedication to offering Ethereum and Solana dApp tools and infrastructure, which leverage Solana’s SVM execution to improve scalability and user experiences.

Increasing the Flexibility and Freedom of Developers

Because Eclipse provides both Solana’s speed and Ethereum’s liquidity, developers are no longer restricted to a single environment. Parallel processing made possible by this special design lessens fragmentation and helps developers to produce high-performance apps that draw customers from both main networks.

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Arkham Intelligence Launches Perpetual Futures Exchange with On-Chain Auditing and Rewards Program

Summary

Arkham has just dropped a new perpetual futures exchange going live next week. Users will now be able to trade spot and futures with full on-chain proof of reserves. Sign ups are available now and users can earn Arkham Points for trading now, which can later be redeemed for Arkham tokens. However, U.S. users are blocked from these services.

Blockchain analytics firm Arkham Intelligence has finally broken silence by announcing the launch of their new perpetual future exchange. This exchange is set to go live by next Wednesday. This perpetual exchange will offer users a platform to trade spot and perpetual futures. As said in an announcement, they will provide an on-chain auditing and traceable proof of reserves which helps keep things organized and secure.

Plus, they are also launching rewards system where users can earn Arkham Points based on their trading volume, and this feature is even better for VIPs as they get extra 10% boost. One can swap these points for ARKM tokens after 30 days of trading. Arkham’s really stepping up their game lately, from dropping their own token (ARKM) to being ranked among top 150 cryptos.

As of November 7 2024, the ARKM token is priced at $2.10 with a 24 hour trading volume of $206,169,606. This indicates an increase by 0.36% since yesterday and a whopping 32.00% increase since past 7 days. With a circulating supply of about  300 Million ARKM tokens and a market cap of almost $623,895,694 Arkham is placed comfortably on top 150 list of world’s top cryptos. Also being backed by billionaires like  Peter Thiel and OpenAI CEO Sam Altman this platform is not slowing down anytime soon.

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Aptos Surges 21%: Is Continued Growth Ahead for APT?

Summary

APT just flipped bullish after hitting a major Fibonacci zone and things look more spicy as we head towards more upside! This on chain data is absolutely on fire, with the network also staying super active. This proves hype around Aptos is real and all the buzz and price pumping are not all big talks. Its clear APT is not stopping anytime soon if these activity keeps up. If you’re looking for a token with serious potential, Aptos is lowkey becoming the one to watch right now.

Aptos (APT) is a blockchain platform that is designed to be fast, scalable and secure. Its well known for its low latency and high throughput which overall aims to improve decentralized applications (dApps) and overall blockchain performance. APT, the ticker symbol for Aptos has recently been eyeing on a bullish trajectory since mid-September.

After its bearish retracement on October, APT has managed to pull back 30% of whatever it had lost. However, the pullback concluded at a noteworthy price range. Many suspected it has hit a Fibonacci retracement which means that after hitting a certain low it was sure to go on a bullish pivot. Same thing happened with Aptos, as it dropped as low as $7.74 earlier this week but right after that it reached a bullish pivot. The cryptocurrency has since rallied by roughly 21% to its $9.38 press time price. Despite the recovery, APT still had a 19% upside to go before reaching its October lows.

As of November 7 2024, the price of Aptos’s APT is $9.74 with a 24 hour trading volume of $452,804,490. It has experienced nearly 5% growth since the last 24 hour and a total 4.23% increase since last 7 days. With its circulating supply of 520 Million APT and a market cap of  $5,058,986,184, APT sees bright future ahead.

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Bitcoin ETFs See $621.9M Inflows as BTC Hits New All-Time High of $76K

Summary

Spot Bitcoin ETFs in the U.S. saw substantial inflows on Nov. 6, with net gains of $621.9 million as Bitcoin hit a new all-time high above $76,000. Fidelity, ARK 21Shares, Grayscale, and Bitwise were among the top funds driving inflows.

Record-Breaking Inflows for Bitcoin ETFs

On Nov. 6, spot Bitcoin ETFs in the U.S. experienced a significant inflow of $621.9 million, rebounding from a three-day period of outflows totaling $712.9 million. Fidelity’s FBTC led with $308.77 million in inflows, followed by ARK 21Shares, Grayscale, and Bitwise, with inflows ranging from $100 million to $127 million.

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High Trading Volumes and Positive Market Response

Several Bitcoin ETFs saw their trading volumes more than double, with BlackRock’s iShares Bitcoin Trust (IBIT) hitting $4.1 billion in trades, its highest volume ever. Despite inflows across most ETFs, BlackRock encountered $69.11 million in outflows, diverging from the overall trend.

Market Hope for Trump’s Pro-Crypto Victory

Analysts are hopeful about future growth in digital assets due to the surge in Bitcoin’s price, which coincided with Donald Trump’s election as president, which was pro-crypto. Asset managers are submitting applications to introduce exchange-traded funds (ETFs) for cryptocurrencies including Solana, XRP, and Litecoin in anticipation of regulatory certainty.

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