Roman Storm’s trial will proceed after his dismissal bid was rejected.

The trial is scheduled to begin on December 2, 2024.

Tornado Cash co-founder Roman Storm will stand trial after a U.S. federal judge denied his motion to dismiss the case. On September 26, 2024, Judge Katherine Polk Failla ruled that Storm’s involvement in Tornado Cash extended beyond merely developing software. The platform reportedly laundered over $1 billion, with funds linked to illicit actors, including North Korea’s Lazarus Group.

Judge Failla's ruling denying @rstormsf's motion to dismiss the indictment is an assault on the freedom of software developers everywhere.This will go down in history as a perversion of law and a travesty of justice.And it will go down on appeal, if that's what it takes.

— Jake Chervinsky (@jchervinsky) September 26, 2024

Storm, who co-founded Tornado Cash with Roman Semenov, argued that he limited his role to developing a tool to enhance privacy. However, his legal team emphasized that open-source developers should not bear responsibility for how people use their software. In contrast, prosecutors countered by presenting evidence that Tornado Cash facilitated illegal activities like money laundering. Furthermore, they argued that Storm profited from the venture, which indicated that his involvement went beyond mere software development.

Court Upholds Charges Against Storm

The court upheld the charges against Storm. Judge Failla sided with the prosecution, emphasizing that Tornado Cash engaged in illegal activities and that Storm played a more significant role than he claimed. The ruling dismissed Storm’s argument that his involvement solely focused on providing privacy for cryptocurrency users. Additionally, the court pointed to his financial interests and control over the platform as critical reasons to move forward with the trial.

Storm faces multiple charges, including money laundering, sanctions violations, and operating an unlicensed money transmission business. If convicted on all counts, he could face up to 45 years in prison. Meanwhile, his co-founder, Roman Semenov, remains a fugitive, while another Tornado Cash developer, Alexey Pertsev, was convicted earlier this year in a Dutch court.

The court will begin the trial on December 2, 2024. Legal experts and developers closely watch the case, as it could have significant implications for the broader cryptocurrency industry. Critics argue that holding developers accountable for their software’s use could stifle innovation, especially in the decentralized finance (DeFi) space.

Storm’s case highlights the ongoing tension between creating privacy tools and complying with regulatory oversight. Ultimately, the upcoming trial will focus on Tornado Cash’s role in laundering proceeds from cybercrime and sanctions violations.

Highlighted Crypto News Today $2M Bedrock Exploit Adds to DeFi Growing List of Cyberattacks 

This integration comes especially close to the debut of dYdX Unlimited, the biggest protocol upgrade to date.

Over 7 million more people may now access dYdX’s ecosystem thanks to the integration.

The dYdX Foundation is excited to announce that dYdX Chain and the popular Phantom Wallet have been integrated, greatly increasing the number of people who may access the decentralized finance protocol. With this new integration, Phantom’s large user base now has an easier method to engage with dYdX.

Key Integration Highlights:

Expanded Wallet Support: Phantom is the latest addition to dYdX’s list of supported non-custodial wallets, which already includes Keplr, Coinbase Wallet, OKX Wallet, and MetaMask.

Seamless User Experience: Now, users may easily deposit USDC and link their Phantom wallets to start trading on dYdX’s decentralized order book.

Significant User Base Expansion: Over 7 million more people may now access dYdX’s ecosystem thanks to the integration with Phantom Wallet.

Charles d’Haussy, CEO of the dYdX Foundation, commented on the integration:

“Following the integration of Solana’s Raydium markets into dYdX, integrating the leading Solana wallet, Phantom, was a logical next step. This provides Phantom’s 7 million users with direct access to dYdX’s professional trading DeFi protocol.”

Phantom’s reputation for intuitive design and streamlined web3 onboarding is consistent with dYdX’s dedication to accessibility in  decentralized finance. This integration comes especially close to the debut of dYdX Unlimited, which is expected to be the biggest protocol upgrade to date.

Looking Ahead: dYdX Unlimited

The capabilities of the protocol are anticipated to be revolutionized by the future dYdX Unlimited release:

Trade Anything: Introduction of various crypto-assets and prediction markets, as well as an almost infinite number of perpetual markets.

Unrivaled liquidity with MegaVault: By implementing a state-of-the-art liquidity pool to serve markets listed on dYdX, trading possibilities and capital efficiency are increased.

Permissioned Keys: By giving consumers more precise control over wallet access, permissioned keys greatly increase trader security on dYdX.

In addition to improving trade now, Phantom’s integration with dYdX Chain paves the way for further advancements in decentralized finance in the future. The goal of the dYdX Foundation is to facilitate communities, developers, and decentralized governance in order to strengthen and expand the dYdX protocol ecosystem.

Bitcoin gained by 3%, trading at $65.3K.

BTC has entered into the greed zone in the market.

The beginning of September was crucial for Bitcoin (BTC) which failed to flaunt notable price movements. BTC has faced difficulty maintaining a rally above the $58K mark. The recent price momentum suggests that the leading cryptocurrency might be on the verge of a brief bullish trend. 

The bears continue restraining the bulls from making a vital move, and the asset is at a critical juncture, with its price hovering around $65,000. Over the last 24 hours, the BTC price recorded a mild gain of 3%. Notably, the asset hit a peak of $65,790, and a low is noted at $63,324. 

Meanwhile, it is pivotal to note the BTC’s market sentiment in the greed zone as the Fear and Greed Index stays at 61. At press time, BTC traded at $65,315, with its daily trading volume increasing by 49.13% to $37.13 billion, as per CMC data. Over the last 24 hours, according to Coinglass data, Bitcoin has witnessed a liquidation of $40.44 million.

On the other hand, as per the on-chain data, a whale has withdrawn 3,501 Bitcoins worth $221.39 million from the Binance exchange in the past three days. Three hours ago, the massive whale began its fourth Bitcoin accumulation wave. In addition, the current holdings are estimated at 4,062 BTC, worth $262.2 million.

Can BTC Price Surge to New Highs?

Bitcoin started trading in the $63.8K range when the week began, with a 2.25% spike. As days progressed, the token’s price continued to trade within the $62.5K range. The downside pressure breaks, and BTC soars to a high of $64.6K.

Looking ahead, the asset is likely to pass through crucial pressure to break through the current price levels. If the bear hold strengthens, the nearby support level might be found at $64,472. On the other hand, if BTC regains the upward momentum, it could likely test the initial resistance at $66,066.

BTC price chart (Source: TradingView)

Meanwhile, Bitcoin’s price momentum continues to stay in the neutral sentiment, as the daily relative strength index (RSI) stands at 65.71. Notably, the short-term 50-day MA is found at $63,542, and the long-term 200-day MA at $59,832, below the current price.

Highlighted Crypto News of the Day

Will Binance Founder CZ’s Early Release Propel the Crypto Market?

Floki and Bitgert are indeed some of the more interesting players in the Q4 2024 altcoin picks. Floki is a hyped meme coin named after Elon Musk’s dog, with highly ambitious ramifications. Bitgert, contrarily, is positioning itself as one of the most technologically advanced blockchain platforms. The price movements of the two cryptocurrencies have been quite attractive to investors. With the market in development, how might Bitgert’s focus on technology give it an edge over Floki’s community-driven approach?

Bitgert Scalable Infrastructure: A better proposition than Floki’s three-pillar approach

Bitgert segregates itself with its highly scalable blockchain infrastructure. As their chain organization is based, Bitgert incorporates a unique consensus mechanism known as Proof of Authority (PoA), allowing faster transactions to be made on the chain while consuming less energy. Such an approach makes it possible for Bitgert to efficiently process a high volume of transactions. Floki bases the work on a three-pillar philosophy: meme, utility, and charity. While Floki tries to use the meme status to its advantage in popularity, it is also keen on developing utility through projects such as FlokiFi and charity initiatives. The $BRISE token for Bitgert is used as a governance token and transaction means on the network. The tokenomics of Floki involve a 3% tax on buying and selling that goes to funding development and marketing. Bitgert’s focus on building a robust and scalable blockchain may be more value accretive for the long term to investors who are interested in technologically rich projects.

Price Trends: Floki’s Volatility vs Bitgert’s Steady Growth

Recent price data for both altcoins reveal some interesting patterns. Floki saw a 13.5% uptick between September 19 and 21 and a further appreciation of 7.6% between September 23 and 25. Meanwhile, Bitgert was relatively steadfast in its uptick, which was 9.4% between September 7 and 11 and 10.5% between September 18 and 20. Whereas Floki is showing better returns in the short run, Bitgert has a more gradual uptrend, which might prove healthier for investors seeking more stable growth. In line with this logic, a more gradual rise for $BRISE could indicate better fundamentals due to its price.

Development and Real-World Applications: Floki’s Vision vs Bitgert’s Progress

The development teams of both Floki and Bitgert are working on different aspects. This includes building the FlokiFi ecosystem, as well as an education platform. In contrast, Bitgert has fully launched some products sitting in its ecosystem. For example, the Bitgert.exchange and the Bitgert P2P marketplace are already up and running, thus serving an actual purpose for its hodlers. The fact that Bitgert is building a complete blockchain ecosystem with actual use cases might give it better adoption through other segments of the crypto market.

Final Call: Bitgert vs. Floki—Which Is Better?

One shouldn’t demean the strong community support that Floki has enjoyed, but a focus on technology and functionality simply makes Bitgert a potentially better choice. With faster speeds, lower transaction fees, and an ecosystem of functional products fueling rapid growth, Bitgert is ideal for investors into utility-driven cryptocurrencies. Constantly exhibiting volatility, the crypto market requires cautious investors to ensure proper research at all times and consider risk tolerance prior to making any investment decisions in the market.

Buy $BRISE on Bitgert website today. Visit bitgert.com

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Tonkeeper, the leading non-custody wallet for TON’s blockchain ecosystem, has announced its Battery feature support for Hamster Kombat. Millions are anticipated to join the TON ecosystem as a result of this enormous cryptocurrency airdrop. To provide consumers who want complete management over their cryptocurrency assets with a smooth non-custodial experience, Tonkeeper has teamed up with Hamster Kombat.

The Hamster Kombat token airdrop is anticipated to be the biggest onboarding event in TON’s history, with over 300 million users. With the help of quests and upgrades, users of the crypto “mini-app” Telegram game may advance from a naive hamster to the CEO of a cryptocurrency exchange. Web3 players have found it to be a tremendous hit. For instance, the Hamster Kombat Telegram community has more than 52 million members.

Users of Tonkeeper who get airdropped HMSTR tokens will have access to the wallet’s novel Battery feature. By doing this, players may utilize airdropped HMSTR tokens to “charge” their Battery. These tokens can then be used to pay for network transaction fees, such as TON gas. With the use of this Battery system, transaction management is made easier and consumers are spared the anxiety of gas costs.

Daniel Cawrey, Tonkeeper’s Chief Strategy Officer stated:

“Airdrops from Telegram mini-apps like Hamster Kombat are crucial to onboarding new users into crypto. Tonkeeper Battery is an important feature for new entrants. Battery allows us to provide a user experience on par with custodial wallets without controlling any user funds. We believe in the ‘not your keys, not your coins’ concept at Tonkeeper, and we want to give our users the best non-custody experience possible.”

The Hamster Kombat airdrop, which highlights how well-suited TON’s scalable network is for hosting web3 games, will be a significant driver of TON growth. It is anticipated that the TON network would see transaction loads of up to 1,000 transactions per second (tps), which will be greater than anything observed in the history of its blockchain. In a typical day of regular chain activity, the TON blockchain typically processes 135 tps.

Cawrey, who has written several books about crypto and is a former CoinDesk editor added:

“It’s time for crypto natives to buckle up for the ride, we are going where no blockchain has ever gone before in terms of user adoption. We look forward to talking more about this behind-the-scenes journey with the public after we get this Hamster airdrop rocket fired up and running.”

After peak airdrop loads decrease, customers will be able to use the battery, perhaps around October 1, 2024. The leading non-custodial wallet on the TON blockchain is Tonkeeper, a product of Ton Apps Group, which has over 34 million monthly active users (MAUs). To handle token and NFT fees, the firm has developed innovations like Tonkeeper Battery. Furthermore, Tonkeeper has the biggest developer platform on TON, TON API, which is used by an extensive range of projects throughout TON’s ecosystem.

Binance Founder and former CEO Changpeng Zhao (CZ) will be released early on Friday. 

The cryptocurrency community speculates a bullish price movement resulting from the founder’s release.

Crypto traders worldwide welcomed an astonishing report that stated CZ’s early release from prison. This news comes amid a circumstance when the crypto market is witnessing increased volatility. Leading cryptocurrencies are laying the groundwork to establish a full-fledged bull run, while bears pose hurdles. 

Notably, Binance Founder and former CEO Changpeng Zhao’s release from the Californian prison was scheduled for Sunday, September 29. However, due to the release date falling on a weekend, inmates are usually allowed to leave prison early. Thus, the community speculates his release on Friday, September 27. 

Moreover, the Binance Founder was given a four-month prison sentence for non-compliance to anti-money laundering laws within the Binance exchange. CZ served two months in a minimum security prison, before being shifted to Long Beach, California.

In the past few months, the community has been anticipating his release. Several traders also went further, expecting CZ’s release to cause a bullish run within the crypto market. Specifically, prominent community member, Lark Davis (@TheCryptoLark) was one of the traders who stated that bullish movements might occur in October post CZ’s release. 

How Will Binance Founder CZ’s Release Affect Crypto Price Action? 

In the last 24 hours, the overall crypto market has incurred a positive momentum as Bitcoin and altcoins sparked bullish candles. Zooming out, the past few days have seen a gradual price increase often deterred by downward movements. Nevertheless, Bitcoin reached the $65K mark after nearly a month of trading at lower levels. 

Additionally, if the Binance Founder’s release does manage to propel prices as speculated by the community, it might aid cryptocurrencies in witnessing price breakouts. Bitcoin and Ethereum are expected to test new levels in the coming months according to market analysts. 

Meanwhile, Binance welcomes its founder’s release amid several other regulatory turmoil. The crypto exchange is still battling with the Nigerian SEC for the release of Executive Tigran Gambaryan. On the other hand, Binance also recently settled with Indian regulatory bodies for GST Tax and anti-money laundering concerns. 

Highlighted Crypto News Today: 

Hamster Kombat HMSTR Makes its Debut on Binance

Even though the cryptocurrency market is very volatile, still, some analysts have gone to extremes to predict trends as well as movements. A certain Wall Street analyst with an impressive track record of calling the Fed’s 50bps cuts is now suggesting five of the most undervalued cryptocurrencies in the market. Such tokens—Rexas Finance (RXS), Cardano (ADA), Toncoin (TON), Tron (TRX), and Jupiter (JUP)—line up for explosive growth in the near term.

Rexas Finance (RXS): Leading The Introduction Of  Real-World Asset Tokenization 

Rexas Finance aims to be a leader in ‘RWA’ transactions, which is a new paradigm that allows interested buyers to purchase and trade portions of expensive assets such as real estate, jewellery, paintings, and other commodities. The project has been in the limelight for allowing investors to implement these assets with the click of a few buttons, making historically cash-trapped industries reachable by the masses. RXS is still in its presale stage and is being sold at a rate of $0.05. As such, reporting has raised a little above $1,400,000. There is a craze for this project, and experts also believe that the price could shoot up to as much as $0.20 after the presale, with early investors looking at possibly 6x returns on their initial investment before the coin makes an entry on any major exchange platforms. Since real estate is already a $280 trillion market, the disruptiveness of Rexas Finance towards the existing operational modalities of asset ownership has no match. As far as the project’s ecosystem is concerned, Rexas Token Builder enables anyone to sell or buy property in such a way as to tokenize the assets, hence widening the pool of investors. Rexas Finance is such an ecosystem that includes all of the tools to meet circumstances that the RWA tokenization revolution is expected to bring about, including the Rexas Launchpad, where funds for tokenized projects will be raised by the users.

Cardano (ADA): An Immovable Rock on the Path of Sustainable Blockchain Technology

Cardano has been investors’ choice in search of a safe, energy-efficient blockchain alternative for quite some time. Continuously pricing at about $0.34, Cardano has come up strong with the proof-of-stake (PoS) network along with smart contract functionality. It is well known for its security, scalability, and sustainability, which has positioned it to be a long-term game within the blockchain industry. Given the upcoming improvements and partnerships, analysts believe that ADA could reach between $3 to $5 in the forthcoming bull run, translating to great returns for long-term holders. While Cardano may not possess the short-term exponential rise potential of Rexas Finance, its consistent growth in price makes it a worthwhile investment.

Toncoin (TON): High-Speed Blockchain in Demand

Currently selling for $5.65, Toncoin (TON) is gaining traction within the marketplace due to its blockchain capacities. Toncoin, an offspring of Telegram Open Network (TON), has also been streamlined to enable the execution of a high number of transactions in a short time and on one network. This puts it ahead of very high-performance networks such as Ethereum and Solana. After almost a two-month pause, 17-year-old Toncoin has jumped in price by about fifteen percent. This is a clear indication of interest from investors. As more decentralized apps (dApps) are built on top of the TON infrastructure, it is estimated that the price of TON could rise to the range of $50 to $60 during the next market surge. Its effective network and increasing number of users allow for the rise of Toncoin as a quick and long-term investment.

Tron (TRX): Expansion of a Decentralized Network for Developing Application Platforms

Tron (TRX) has reported for so long, as one of the leading platforms for dApps and smart contracts. Even at $0.15, Tron is developing its ecosystem further, and there are good prospects for DeFi and NFT adoption within the ecosystem. Its cheap transactional costs as well as the ability to support huge transaction volumes make it attractive to the developers and investors. In light of further development of new win-win projects and executable contracts, experts predict that Tron will appreciate and sell at $0.55 or higher by 2025 which would be 3x to 5x from its current valuation.

Jupiter (JUP): Why Jupiter Foundational Token (JUP)? 

Lastly, Jupiter (JUP), although relatively unknown, has the potential to disrupt markets by focusing on security and privacy in decentralized systems. Even if JUP is at $0.8 right now, it is generating interest because of the possibilities the token holds in the sale of private information and communication in decentralized markets. In the coming years, due to the rising importance of privacy within the blockchain ecosystem, experts regard JUP as capable of yielding over 10x returns.

Conclusion: A Portfolio for Explosive Growth

It’s worth noting the Wall Street expert’s picks—Rexas Finance, Cardano, Toncoin, Tron, and Jupiter. Each of them can appeal either to high-risk, high-return investors or to those who prefer a more measured, long-term approach. Rexas Finance is the most likely to bring massive profits in the short term since it provides a unique way for the tokenization of real-world assets. On the other hand, Cardano and Toncoin can provide strong returns, but over a longer time frame.These five tokens belong to the active stage of market development and are poised to take off. Therefore, every investor who is thinking about the growth of the entire crypto market should stock these five tokens.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Bedrock hacked, losing $1.7M, with funds drained via Tornado Cash.

Truflation attack results in $4.6M loss from compromised safe address.

The crypto sector continues to face an alarming wave of cyberattacks, with a recent breach involving the Bedrock protocol adding to the growing list of DeFi exploits. Ten hours ago, Cyvers Alert, a digital asset monitoring platform, flagged a suspicious transaction linked to Bedrock, a DeFi multi-asset liquid restaking protocol. The attackers, funded through Tornado Cash, reportedly drained $1.7 million from the uniBTC pool, with 650 ETH still residing in the attacker’s wallet.

Bedrock took nearly seven hours to address the issue publicly, assuring users that their wrapped BTC and reserves were secure. The protocol confirmed a total estimated impact of $2 million, primarily in decentralized exchange liquidity pools (DEX LPs). 

Important Announcement from the Bedrock TeamWe want to inform you that the Bedrock team is aware of a security exploit involving uniBTC. The issue has been handled and funds are SAFU.We want to reassure everyone that the underlying wrapped BTCs and BTCs in reserves are…

— Bedrock | Bitcoin Restaking LIVE (@Bedrock_DeFi) September 27, 2024

Meanwhile, a reimbursement plan is being finalized, and a post-mortem report will be released alongside a proof of reserves to ensure transparency. Bedrock is actively collaborating with white hat hackers and auditors to recover the stolen funds and prevent future attacks.

Hack and Recoveries

Truflation, a prominent DeFi platform, also fell victim to a sophisticated attack on September 25. An attacker compromised their safe address, resulting in a loss of 56,872,500 TRUF tokens, worth $4.6 million. Truflation disclosed that the breach involved malware, and the team is working with law enforcement to recover the stolen assets. Staking paused that day, and liquidity remains limited on decentralized exchanges.

Meanwhile, the spree of attacks doesn’t end here. On September 23, Bankroll Network lost $230,000 in an attack on the BNB Chain, while BingX Exchange suffered over $52 million in losses following a September 20 exploit.

In another notable development, WazirX was granted a four-month moratorium by Singapore courts after complying with legal requirements under Section 64 of the Insolvency, Restructuring, and Dissolution Act (IRDA) following a major security incident. 

The crypto community now faces heightened security concerns as hackers continue to exploit vulnerabilities across the ecosystem.

Highlighted News Of The Day

Dubai Tightens Marketing Regulations for Crypto Investments

Financial giants Robinhood and Revolut are exploring launching their own stablecoins.

Tether’s USDT leads the stablecoin market with a $120 billion market cap, holding over two-thirds of the total market.

Robinhood Markets Inc. and Revolut Ltd., two prominent fintech firms, are reportedly exploring the possibility of launching their own stablecoins, as per a Bloomberg report. If they entered the stablecoin market, the companies would follow the path of other financial giants like PayPal, which introduced its PYUSD stablecoin last year.

Stablecoins have become a hot topic in the crypto market, with Tether’s USDT currently dominating the market at nearly $120 billion, making up over two-thirds of the $173 billion sector. USDC, issued by Circle, holds the second spot with a $36 billion market cap. Despite several companies attempting to challenge Tether’s dominance, none have come close to matching its market presence so far.

However, Robinhood, which currently allows trading of crypto assets like USDC, has clarified that while they are exploring the idea—official plans still need to be put in place.

Growth of Stablecoins in the Financial Sector

Last year, PayPal entered the market with its PYUSD stablecoin. It quickly grew to a $700 million market cap, making it the fourth-largest stablecoin. Earlier in September, Ripple announced its own stablecoin, RLUSD, which is expected to launch soon. This continues the trend of financial firms stepping into the stablecoin space.

Further, Bernstein’s recent analysis indicates that stablecoins are now playing a significant role in finance, with some of them holding a substantial portion of U.S. treasuries.

Experts suggest that new regulations in Europe, particularly the upcoming MiCA (Markets in Crypto-Assets) guidelines, could create more opportunities for stablecoin issuers. These rules take effect by the end of 2024. They are expected to streamline the stablecoin sector by providing clearer guidelines on licensing and reserve management. This could further boost the market in the region.

Highlighted Crypto News Today

Dubai Tightens Marketing Regulations for Crypto Investments

As the cryptocurrency market continues to grow, AI-driven tokens are emerging as a powerful force, capturing the attention of both investors and analysts. Notably, Fetch.ai (FET), AI Companions (AIC), and RCO Finance (RCOF) have positioned themselves at the forefront of this trend.

With predictions suggesting a staggering 10,000x bull run on the horizon, could these crypto AI tokens be the tokens to invest in the last quarter of 2024? Read on to find out.

FET Rockets 44.83% Following Binance Merge

July 5, 2024, witnessed Binance officially complete a token merge that brought together Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX), all under the new banner of the Artificial Superintelligence Alliance (ASI). 

This exciting development means that users can now deposit and withdraw FET tokens, marking a significant step forward in the evolution of these projects.

In response, Fetch.ai’s native token FET showcased a 44.83% surge by September 24 as its price rose from $1.16 to $1.68. However, analysts project that FET may experience a downturn as Q4 2024 unfolds, with its value dwindling to $1.61, registering a 4.16% dip from $1.68.

With this crypto AI token exhibiting fluctuation, could crypto AI token AIC be a better prospect?

AI Companions Featured on Cointelegraph: AIC Surges 32.53% in a Week

A September 18, 2024, post revealed that cryptocurrency AI Companions had been featured on Cointelegraph, a top-tier cryptocurrency news and information platform. This recognition is a significant milestone for the nascent $AIC project, marking a notable achievement in its early journey.

In reaction to the development, AI Companions’ token AIC shifted from $0.083 to $0.110 by September 23, exhibiting a 32.53% swipe within a week. What does the future of AIC look like? Experts are optimistic about it, predicting it could reach $0.495 by the end of 2024. AIC will display a 350% upturn from $0.110 if this happens.

As it is, this crypto AI token is showcasing a better trajectory compared to FET, but can it outdo RCOF?

RCO Finance Combines Decentralized Trading with AI Insights for Maximum Profitability

Thanks to its groundbreaking decentralized trading platform, RCO Finance is making waves as a top-rated Ethereum token. Using their crypto tokens, this innovative platform empowers users to trade real-world assets (RWAs) like stocks, bonds, commodities, ETFs, and real estate.

But that’s not all—RCO Finance has boosted the experience by integrating an AI robo advisor into the platform. This robo advisor merges advanced algorithms and machine learning to analyze market trends, spot profitable opportunities, and deliver valuable trading insights.

With these insights created using real time data from global providers such as Reuters and Bloomberg, traders can save time and minimize human error and bias, paving the way for greater profitability. 

As expected, this combination of a decentralized exchange and an AI trading advisor draws in savvy investors eager to boost their success in crypto trading.

RCOF Soars with 169% in Presale Stage 2: Why It Outshines FET and AIC

RCOF stands out as a crypto AI token compared to FET and AIC due to its innovative decentralized trading platform, which allows users to trade real-world assets seamlessly. While FET has recently experienced a 44.83% surge, analysts predict a downturn, as its value may drop to $1.61 in Q4 2024. 

In contrast, RCOF is Stage 2 of its presale and valued at $0.0343, up from $0.01275 in Stage 1, marking a 169% upswing. What’s more, analysts believe the price of RCOF will soar to $0.0558 in the next stage, exhibiting a 337% ROI for early investors.

Visit RCO Finance Presale

Join The RCO Finance Community

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The crypto market is seeing some big changes before the next big market jump. PEPE, a popular meme coin, is struggling with lower price support. On the other hand, Solana might not hit another 10,000% increase like before, but experts think there are still smaller gains ahead in the next market rally.

BlockDAG is ahead of the game, causing a rush to buy its native BDAG coin with the launch of its Testnet. This launch lets users try out tools like the blockchain explorer, faucet, and smart contracts.

With over $76.2 million raised and nearing $600 million in presales, BlockDAG could deliver major returns for early buyers.

Let’s look at which cryptos could stand out in the next big rally.

PEPE Price Drops by 14%

PEPE’s price support has dropped in recent weeks. After a small 5% rise to $0.057, the coin entered a zone that could signal a rally. But this came after a hard month for meme coins, with PEPE falling by 14%.

Even though it’s been tough, some believe PEPE might bounce back and reach $0.000013 by the fourth quarter. While the coin struggles, traders are watching for signs of new energy in this meme-driven market.

Solana Forecast: Are Big Gains a Thing of the Past?

Solana was a favorite among big investors in 2021 when its price shot up from $1.50 to $260. Now, analysts say the chance for another 10,000% rise might be gone. Solana’s market is more stable, and future growth may be slower due to the law of diminishing returns.

Despite this, Solana still looks strong. Its ecosystem keeps growing, and investors are keeping an eye on its performance soon.

BlockDAG’s Testnet Stirs the Market: Can It Reach the $600M Mark?

BlockDAG is making waves with its Testnet launch, grabbing the attention of both developers and traders. The Testnet allows users to explore BlockDAG’s ecosystem, testing tools like the blockchain explorer, faucet, and smart contracts.

BDAG holders with at least 7,500 BDAG coins can move their coins from devnet to testnet, boosting BlockDAG’s trustworthiness. This shows the strong technical base of the project and its potential to stand toe-to-toe with other big blockchains.

Traders are rushing to the project, hoping to get in before prices climb higher. The presale has already raised $76.2 million, with more than 13.1 billion coins sold, pushing the project closer to its $600 million target by the end of the presale.

The presale’s quick growth through 23 batches shows rising market faith, with each batch bringing a price increase. At this stage, in batch 23, BDAG is priced at $0.0192, a big leap from its original $0.001.

Early buyers have already gained a huge 1820% return, but this might just be the beginning. Experts suggest early backers could see even larger profits, with the BDAG coin possibly hitting $30 by 2030. With the presale moving swiftly, BlockDAG is becoming one of the most talked-about projects ahead of the next crypto bull run.

Final Thoughts

PEPE’s price support has been unstable, dropping 14% in the last month, while Solana’s growth seems to be slowing. However, BlockDAG is taking the spotlight with its Testnet launch. With $76.2 million already raised, it is closing in on the $600 million presale target.

Early backers have seen a massive 1820% return, but experts believe the profit potential is even greater. As the presale picks up speed, BlockDAG is emerging as a key player in the next crypto bull run.

Act Now Before Prices Increase:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

In shifting market currents, agility proves essential. The XRP price outlook depicts a tumultuous environment, with the cryptocurrency teetering at the $0.52 support level. Concurrently, Avalanche is on the brink of an upgrade poised to amplify its scalability and flexibility within the Web3 blockchain ecosystem.

BlockDAG is charting a course toward uncharted territories with its strategic alliances with Borussia Dortmund and Inter Milan. The enthusiasm is palpable as presale figures have soared to an impressive $76.2 million. Yet, the intrigue intensifies with the prospect of a partnership with a premier English Premier League club, which could significantly magnify BlockDAG’s influence in the sector.

Can XRP Maintain Stability Amidst Market Fluctuations?

The latest forecasts for XRP paint a challenging landscape as it clings to its critical support level of $0.52. Amidst Bitcoin’s recent instability, XRP has retreated slightly, losing about 2% and struggling to stabilize. This general market downturn overshadows prospects of a quick recovery, potentially steering XRP into a continued bearish trend.

Despite a substantial $1 billion decrease in XRP’s reserves across exchanges, the market response remains tepid. The forecast for XRP is one of caution, with ongoing volatility and a bearish outlook possibly keeping it beneath the $0.60 threshold.

Avalanche Upgrade Aims to Enhance Network Capabilities

Avalanche is preparing for its significant Avalanche9000 upgrade, intended to refine scalability by enhancing its primary C-chain and broadening its multi-chain framework. This upgrade will facilitate quicker deployment of Layer-1 subnets, simplifying the process for developers to innovate and deploy decentralized applications.

Additionally, it introduces customizable chains, streamlining the development of new projects. Developers will receive comprehensive tools and documentation to create their own Layer-1 solutions, promoting a more interconnected and scalable blockchain ecosystem.

BlockDAG Sets Sights on Premier League—What’s Next?

BlockDAG is revitalizing the blockchain domain with its ambitious partnerships with top European soccer clubs. Collaborations with Borussia Dortmund and Inter Milan have not only expanded its user base but also fortified community trust.

These alliances transcend typical partnerships; they serve as conduits to millions of soccer enthusiasts now engaging with blockchain technology via BlockDAG. The excitement surrounding these collaborations is attracting new members eager for distinctive rewards and experiences.

As BlockDAG’s community expands rapidly and confidence among buyers strengthens, with presale figures reaching a robust $76.2 million, the stakes are high. Speculation about BlockDAG’s next venture—a potential partnership with a leading Premier League club—suggests significant opportunities ahead. This could open one of the most vibrant intersections of soccer and blockchain, potentially elevating BlockDAG’s stature and reach substantially.

With BlockDAG’s testnet getting industry abuzz about potential for high returns, the platform’s prospects are looking particularly promising.

Concluding Insights

As the scene evolves, BlockDAG is distinguishing itself with strategic initiatives that boost its profile. While XRP contends with a challenging market and Avalanche prepares for a pivotal upgrade, BlockDAG’s notable partnerships with Borussia Dortmund and Inter Milan have already stirred the market.

With presale achievements hitting $76.2 million and whispers of an imminent major partnership with a Premier League club, BlockDAG is poised for further exciting developments that could significantly disrupt the industry.

Discover More About BlockDAG:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

As Avalanche’s staking rewards fall to 7.9% and active addresses dwindle, the network is facing challenges in sustaining its initial momentum. Concurrently, Shiba Inu is experiencing a market slump, with little price movement and waning market interest.

In contrast, BlockDAG is capturing the limelight. Its rapid presale growth, bolstered by substantial sports partnerships, is setting the stage for listings on prominent exchanges. With its recent technological strides and strategic alliances, experts foresee a potential massive ROI for early adopters, positioning it as a top future cryptocurrency.

Avalanche’s Staking Downturn: A Decline in Network Activity

Avalanche is witnessing a notable decline in staking yield and network engagement. This past week saw the staking reward drop to its lowest in nearly a year at 7.9%. Active addresses have fallen to 43,208, a significant decrease from their peak of over 91,000. This reduction in user activity, coupled with a significant drop in transaction volume and gas fees, is raising concerns about Avalanche’s trajectory.

Over the past month, the network processed only 155,000 transactions, significantly lower than the 600,000 transactions in March. Furthermore, over $494 million in AVAX tokens have been withdrawn, reflecting a bearish sentiment among buyers.

Shiba Inu Faces Resistance: Price Dips 1.6%

Shiba Inu is also under pressure. The token’s price has stagnated recently and took a 1.6% hit on September 12, unable to breach its 20-day EMA resistance. This decline has occurred amid falling social media buzz and on-chain activity, causing traders to remain cautious.

Despite some accumulation by retail investors, the general market outlook for Shiba Inu is pessimistic, with significant holders scaling back their investments. Without a significant market shift, Shiba Inu’s price might continue to wane.

BlockDAG on the Threshold of Major Exchange Listings

BlockDAG is strategically positioning itself for a significant advancement with upcoming listings on major exchanges, driven by multimillion-dollar partnerships and breakthrough technical developments. These initiatives have significantly increased its presale buzz, enhancing BlockDAG’s profile as an emerging blockchain leader. Being listed on renowned platforms would not only boost BlockDAG’s credibility but also increase its accessibility to new users, potentially amplifying its market presence.

The project’s recent sports partnerships and technical enhancements have spotlighted BlockDAG, laying a robust foundation for sustained growth and mass adoption. With growing trader interest, BlockDAG’s valuation is poised to climb, edging it closer to a target price of $30 by 2030.

Furthermore, BlockDAG’s high-profile collaborations with top European soccer clubs like Borussia Dortmund and Inter Milan have not only elevated its visibility but also underscored its commitment to integrating blockchain technology into new arenas. These partnerships have engaged millions of soccer fans, boosting enthusiasm and drawing new users to the platform, culminating in a dramatic $76.2 million increase in its presale.

Early participants have already enjoyed an 1820% return, with BDAG coins escalating from $0.001 in initial batches to $0.0192 in batch 23.

Final Thoughts

While Avalanche confronts diminishing staking yields and Shiba Inu’s price stagnates, BlockDAG is swiftly ascending the crypto ranks. With its presale triumph and notable partnerships with Borussia Dortmund and Inter Milan, BlockDAG is preparing for potential listings on major exchanges.

Coupled with its advanced technology and soaring presale figures, BlockDAG is shaping up as a top contender in the cryptocurrency future. Experts remain optimistic about its potential, forecasting a remarkable return for early backers of up to 30,000x ROI.

Learn About BlockDAG – Act Now Before Prices Increase:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Analyst Levi Rietveld projects XRP could reach $100 based on Michael Saylor’s $13 million Bitcoin forecast.

Saylor predicts Bitcoin will account for 7% of the world’s capital in 21 years.

XRP’s potential $100 valuation assumes proportional growth with Bitcoin’s projected 20,300% increase.

Cryptocurrency analyst Levi Rietveld has sparked intrigue in the digital asset community with his bold projection for XRP, drawing parallels with MicroStrategy chairman Michael Saylor’s ambitious forecast for Bitcoin.

Rietveld’s analysis suggests that XRP could potentially reach $100, aligning its future with Saylor’s vision of Bitcoin’s dominance in the coming decades.

Saylor’s recent CNBC interview sent shockwaves through the crypto world as he outlined a scenario where Bitcoin could reach $13 million per token.

His prediction is based on the premise that Bitcoin will grow to represent 7% of global capital, citing its unique position as a non-sovereign, global asset free from government-related risks.

Extrapolating from Saylor’s Bitcoin projection, Rietveld posits that XRP could experience a corresponding surge. He argues that XRP’s role in providing liquidity and addressing market gaps not covered by Bitcoin positions it as a crucial asset in the broader cryptocurrency ecosystem.

XRP has a long way for $100

BREAKING: $XRP WILL HIT $100! Michael Saylor pic.twitter.com/NCeYTXhYyf

— Levi | Crypto Crusaders (@LeviRietveld) September 25, 2024

Currently trading around $0.580, XRP would need to experience a monumental increase to reach the $100 mark. Rietveld’s calculation assumes that if Bitcoin achieves its projected 20,300% growth to $13 million, XRP could potentially mirror this percentage increase, placing its value at approximately $118.

This projection is based on several assumptions, including Bitcoin maintaining its dominant market share and the entire cryptocurrency market expanding to over $546 trillion.

While Saylor’s timeline for Bitcoin’s growth extends to 2045, some XRP proponents believe the altcoin could reach $100 much sooner, possibly as early as next year.

It’s important to note that these projections are speculative and based on long-term forecasts. 

The cryptocurrency market is abuzz with speculation and activity. Bitcoin Cash (BCH) wrestles with crucial resistance levels, with predictions of a rebound should it clear the $360 barrier. Meanwhile, Filecoin has experienced a decline to $3.36, yet future projections suggest a potential rise to $20.39 as it continues to develop its ecosystem. Amid these ebb and flow, BlockDAG is carving a path of consistent growth.

Having clinched significant soccer deals with Borussia Dortmund and Inter Milan, BlockDAG might be gearing up for an even grander partnership. The rumor mill suggests a deal with an English Premier League club could be next. This momentum, paired with a booming presale exceeding $76.2 million and forecasts of a 20,000x ROI for BDAG coin, positions BlockDAG as a crypto asset with substantial long-term growth potential.

Diving Into Bitcoin Cash (BCH) Price Forecasts

Currently valued at $313, Bitcoin Cash is encountering resistance near $326, with attempts to surpass this threshold proving futile. Should it break the $360 mark, it might face higher resistance at $400 or $440. The cryptocurrency remains ensnared in a bearish trend, and recent efforts to ascend have faltered.

BCH holds steady at $311 support, possibly consolidating at this level for some time. However, a downward push could see it plummet to critical supports at $240 or $230. Despite emerging bullish signals, the long-term perspective for BCH is marred by uncertainty, especially since it remains down 92.82% from its all-time high of $4,355.62.

Filecoin Price Projections: A Path to $20 by 2026?

Filecoin’s recent 18.6% price drop places it around $3.36. Despite this, market analysts retain a bullish outlook, suggesting a potential climb to $20 by 2026, fueled by developments in Filecoin’s Virtual Machine (FVM) aimed at transforming decentralized storage.

Despite its recent downturn, the robust infrastructure and utility of Filecoin are anticipated to catalyze future growth. Projections set its average price at $13.77 by the close of 2025, offering a glimmer of hope to investors.

BlockDAG’s Next Major Soccer Sponsorship – Holders in for a Windfall

As Bitcoin Cash and Filecoin labor to build momentum, BlockDAG is carving out a formidable niche within the soccer sphere. After securing notable partnerships with giants like Borussia Dortmund and Inter Milan, there’s buzzing speculation that BlockDAG is on the cusp of clinching a deal with an English Premier League club—a move that would mark its third major soccer sponsorship and solidify its dual dominance in the realms of sports and blockchain.

The three-year deal with Borussia Dortmund, valued at $10 million, has not only expanded BlockDAG’s global reach but also integrated it deeply into the international soccer scene through high-profile branding and LED advertising at Bundesliga matches. The deal also spans co-branded initiatives with Dortmund’s players, enhancing BlockDAG’s engagement with the soccer community globally.

Building on the Dortmund momentum, BlockDAG’s agreement with Inter Milan further broadened its European influence, linking the blockchain world more closely with Italy’s passionate soccer fans.

These strategic alliances are proving to be crucial for BlockDAG, attracting both soccer devotees and crypto enthusiasts to its platform. If the Premier League deal goes through, it could massively boost BlockDAG’s exposure and turbocharge its presale drive towards a monumental $600 million target. The presale itself has been a standout success, gathering $76.2 million in 23 batches, offering early adopters returns as high as 1820%, with BDAG coin’s value soaring from $0.001 to $0.0192.

Final Insights

As Bitcoin Cash contends with resistance and Filecoin shows volatility with a hopeful target of $20, BlockDAG is forging ahead with remarkable progress. Having raised over $76.2 million in its presale and secured back-to-back multimillion-dollar soccer deals, BlockDAG is poised as a leading crypto asset. With projections of a 20,000x ROI and BDAG coin potentially reaching $1, BlockDAG offers a prime opportunity for those seeking substantial returns. As other coins face headwinds, BlockDAG’s robust growth and impending soccer deal spotlight it as a crypto asset with promising long-term prospects.

Act Now Before Prices Increase:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

ADA price up 13.40% in past week despite 37% YTD drop.

EMA crossover and MVRV ratio suggest potential for a significant rally.

Technical analysis points to a possible 500% gain, targeting $2.40 in six months.

Cardano (ADA) finds itself at a critical juncture as it emerges from a prolonged downtrend, with recent price action hinting at the possibility of a sustained rally. Despite a year-to-date decline of approximately 37%, ADA has surged 13.40% in the past week, igniting speculation about a potential long-term uptrend.

The weekly chart reveals intriguing parallels between Cardano’s current market position and its setup prior to the monumental rally of December 2020 to May 2021.

During that period, ADA skyrocketed from $0.15 to $1.77, registering an astounding 1041% gain. This historic surge was precipitated by a bullish signal when the 50-day Exponential Moving Average (EMA) crossed above the 100-day EMA.

Presently, with ADA trading at $0.39, a similar EMA alignment is taking shape, mirroring the configuration that preceded its previous bull run. This technical setup, coupled with ADA’s position within a descending triangle pattern, suggests the potential for a significant breakout.

Can Cardano surge 500%?

Source:  Santiment

Should Cardano successfully breach the upper boundary of its descending channel, historical patterns indicate the possibility of a 500% price appreciation over the next six months. Such a move would catapult ADA towards the $2.40 mark, representing a substantial recovery from current levels.

Further bolstering the bullish case, Cardano’s 30-day Market Value to Realized Value (MVRV) ratio currently stands at 11.95%.

This reading, identical to that observed in December 2020, suggests a balanced market where profitability exists but selling pressure remains subdued. Historically, such MVRV levels have preceded periods of significant price appreciation.

The ADA/USD 3-day chart offers additional support for the optimistic outlook. The Relative Strength Index (RSI) has recently breached the neutral midpoint, signaling growing bullish momentum. This technical development bears striking similarities to the pattern observed during ADA’s move from $0.47 to $0.75 earlier in the year.

Solana and Bitcoin Cash are established powerhouses in the crypto market, known for their significant market caps and robust ecosystems. Following a Solana announcement about a new phone in its Seeker series, Solana’s prices saw a notable increase. Meanwhile, Bitcoin Cash (BCH) holders continue to enjoy steady gains, underscoring the coin’s resilience in a volatile market.

However, as the industry shifts towards growth, newer, high-potential projects are beginning to overshadow these veterans. BlockDAG, a Layer 1 network with a cutting-edge ecosystem, stands out particularly. With its recent testnet launch and the introduction of the BDAG50 bonus codes, BlockDAG is capturing attention and accelerating presale inflows. Already raising over $76.2 million, this network is on track to redefine expectations in the top crypto coins right now.

Solana Announcement Boosts Market Interest

Solana Mobile recently announced its latest crypto-focused smartphone, the Solana Seeker, set to hit the market in the second quarter of 2025. The Seeker is priced at $500, with early pre-orders available at $450. This Solana announcement followed the success of the earlier Saga phone, which launched at $1,000 but later dropped to $599. Solana Mobile has already secured over 140,000 pre-orders, despite having only produced 20,000 units so far.

Seeker’s upgraded specs include 128GB of storage, 8GB of RAM, and improved cameras—32-megapixel and 108-megapixel sensors. Solana Mobile also partnered with Solflare to provide in-built custody solutions for crypto users. To encourage adoption, Seeker buyers will receive a free Genesis NFT and access to Helium’s 120-day wireless subscription.

Bitcoin Cash (BCH) Holders See Steady Gains

Bitcoin Cash (BCH) holders have seen their coin climb by 5.64% in the past week, with the price now trading at $342.67. This follows the Federal Reserve’s first interest rate cut in four years, which initially caused a dip in many altcoins. While some large investors feared the rate change would negatively impact the crypto market, Bitcoin Cash has shown resilience, managing to stay on an upward trend despite the broader market concerns.

However, despite these gains, a portion of Bitcoin Cash (BCH) holders remains cautious about the coin’s long-term growth. Many are exploring other investment opportunities, including newer projects like BlockDAG, which have the potential to deliver higher returns. As BCH continues to hold its ground, some investors are considering diversifying into more promising alternatives to recover losses or maximize future gains.

BlockDAG Presale Hits Fresh Peaks Ahead of Big Rebrand

BlockDAG is making significant strides with an upcoming brand refresh that promises exciting updates to its website and platform. To celebrate this milestone, the network has introduced a 50% bonus on all coin purchases. This special offer is available until October 14th, and users can take advantage by applying the code ‘BDAG50’ during purchase. The bonus has generated a lot of enthusiasm, drawing in new investors and adding momentum to BlockDAG’s growth.

Adding to the excitement, BlockDAG announced that its Testnet and Blockchain Explorer went live on September 20th, 2024. This launch is a major achievement on their roadmap, bringing them closer to releasing the Mainnet. The Testnet offers the community a first-hand experience to explore and test the blockchain’s capabilities, providing a glimpse into what the future holds for the platform.

The Testnet introduces several key features. The Blockchain Explorer gives users comprehensive access to the BlockDAG Blockchain, allowing them to view detailed block information and track transactions. With the Blockchain Faucet, users can mint their own BDAG coins on the Testnet and transfer them using the MetaMask wallet. Additionally, the network supports MetaMask Wallet Connect, enabling seamless sending and receiving of BDAG coins. To showcase the blockchain’s versatility, sample smart contracts are available for testing functions like minting NFTs, staking coins, and burning tokens.

With these developments, BlockDAG is positioning itself among the top crypto coins right now. The combination of innovative technology, user-friendly features, and the generous BDAG50 bonus code makes it an attractive option for investors seeking new opportunities. As the October 14th deadline approaches, the momentum continues to build, making this an exciting time to be part of the BlockDAG community.

Why BlockDAG is the One to Watch

Solana and Bitcoin Cash (BCH) holders may have seen gains recently, but BlockDAG is quickly becoming one of the top crypto coins right now. With over $76.2 million raised and a 1820% return for early investors, the excitement around BlockDAG’s upcoming rebrand is undeniable. To celebrate, the network has introduced the BDAG50 bonus code, offering a 50% bonus on all purchases until October 14th. This, along with its successful testnet launch, puts BlockDAG in a prime position for growth, making it a strong contender following the latest Solana announcement.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Velar, a Bitcoin trading protocol announced that it would be launching a stableswap pool on Stacks in collaboration with Hermetica, a stablecoin developer. Velar will help provide the liquidity needed to power the USDh pool that will be introduced on Stacks’ Bitcoin L2.

USDh, the first synthetic dollar with yield-bearing and backed by Bitcoin, was created by Hermetica. Without leaving the Bitcoin ecosystem, it allows Bitcoiners to earn up to 25% APR on their stablecoins. With Velar’s support, Hermetica will now introduce its USDh to Stacks’ rapidly expanding DeFi ecosystem.

The technology of Velar is intended to facilitate the launch of assets on Bitcoin L2s and unleash Bitcoin liquidity. Because of its extensive liquidity, onchain users may effectively perform swaps at market rate, even while transacting with large amounts of funds. In order to guarantee that there is optimal liquidity available for the USDh stableswap pool launch, Velar will collaborate with Hermetica.

Hermetica CEO Jakob Schillinger said:

“We’re excited to work with the outstanding team at Velar to launch a USDh stableswap pool on Stacks. Finally the Bitcoin community can earn up to 25% yield on their dollars with a Bitcoin-backed stablecoin.”

Velar CEO Mithil Thakor added:

“Hermetica’s USDh stablecoin is fast becoming a cornerstone of Bitcoin DeFi, giving Bitcoiners the ability to hold their BTC while using it to mint synthetic dollars and earn yield on their assets. We’re delighted to work with the Hermetica team in creating the first USDh pool on Stacks, utilizing Velar’s advanced liquidity technology.”

Hermetica’s USDh functions as a totally BTC-backed synthetic dollar, tracking the USD price via BTC and a short perpetual futures position. Stakeholders of USDh will get liquid sUSDh, which will enable them to begin earning rewards from funding contributions with a maximum 25% yield. With the launch on Stacks, users of the Bitcoin layer-2 network will have additional access to USDh and new opportunities.

Bangalore, India, September 26th, 2024, Chainwire

The Huddle01 decentralized Real-Time Communications Network is a multi-sided network with Media Nodes, suppliers of dRTC bandwidth for participants and consumers of audio/video meetings

On November 6, 2024, Huddle01, a leading decentralized real-time communications layer, will launch its media node sale. Huddle01 is setting new standards in decentralized communication, offering a robust and efficient solution to the challenges faced by traditional real-time communication (RTC) providers. Since 2023, Huddle01 has hosted 6 million minutes for more than 100,000 events. 

The first dRTC Network 

Huddle01 is the first Decentralized Physical Infrastructure Network (DePIN) for RTC or audio/video conferencing. Huddle01 coordinates unused internet bandwidth through node operators to enable seamless audio-video communication via its innovative decentralized, or dRTC network.

Unlike most DePINs, Huddle01 is built from the demand side, addressing the high operational costs and geographical latency issues faced by centralized RTC networks. Founded during Covid-19 as Indian schools moved online, Huddle01 replaced centralized communication systems, which route calls through distant servers — often halfway across the world — causing significant delays and poor performance for video conferencing.

By reducing the reliance on centralized data centers, Huddle01 also minimizes developers’ server costs for audio and video calls by up to 95% compared to AWS, ensuring cost-effective and high-performance communication. 

Huddle01’s app layer Huddle01 Meet integrates Web3-native tools, allowing users to connect wallets, use NFT profile pictures as avatars, and host token-gated meetings. Video recordings can be securely stored on the InterPlanetary File System (IPFS), emphasizing the platform’s commitment to decentralization and security. 

Led by CEO and Co-Founder Ayush Ranjan and Co-Founder and CTO Susmit Lavania, Huddle01 has an experienced team with 15+ years in RTC and 5+ years of token engineering. Key leadership positions at Huddle01 are held by alumni of BlockScience, ConsenSys, Polygon, Cardano, Persistence, CoinDCX, and Guardian Link.

Nodes lead to improved latency

Huddle01 Media Nodes – the atomic unit of Huddle01’s dRTC network – provide the necessary bandwidth to encode, decode and route audio/video packets for uninterrupted audio and video communication across the globe. 

“Google Meets and Zoom streams 300 million minutes per day. If Huddle01 captures just 1-5% of this market in the next 12 months, we would have triggered the highest web3 adoption ever.” CTO Susmit Lavania explained. 

While latency issues, or lags and glitches, in the developing world hinder innovation, in truth, they hinder productivity everywhere. Distance education, streaming, gaming and healthcare can all be improved by better internet services.

“These nodes will power a network that already outperforms the incumbent web2 competitors on latency where there is a large cluster of nodes, and is capable of improving lags across the globe,” says Ayush Ranjan, CEO of Huddle01. 

“We are excited to launch this node sale, because as we sell more nodes, the benefits for consumers and businesses will only grow. Node operators are incentivized to run a node, allowing them to create more value for themselves but more importantly, they can actually notice the improvement in latency in all their applications,” added Ranjan. 

Huddle01: Revolutionizing Real-Time Communication with DePIN 

Huddle01 Media Node Sale features

46,900 Huddle Media Nodes are available with pricing starting at $320

Huddle01 will be doing its Node Sales in 2 Phases

Phase 1 will consist of 20,000 nodes to be sold from the November 6th Whitelist and a Public Sale on November 8

Phase 1 sale participants are eligible for 2x rewards than Phase 2 participants 

Minimum requirement to run the node is a ~250 Mbps Internet connection, however buyers can also delegate to minimize operating expenses

The testnet will launch 2 weeks after the sale completes, with node operators earning up to 5 $HUDL per day during the testnet

21% of total TGE supply (200M $HUDL) will be offered as rewards for active nodes during the testnet phase, with immediate vesting and 5% unlocked at TGE

Key dates

Whitelist Opens – 9th October

Whitelist Sales – 6th November 

Public Sales – 8th November 

More details about the public node sale launching on 6th November can be found here, including how to whitelist: HERE.

-END-

About Huddle01 

Huddle01 is a decentralized real-time communication (dRTC) network for audio and video streaming – DePIN for RTC – that has clocked in 6 million+ minutes of meetings to date. The dRTC network eliminates the dependency on centralized servers for real-time communication across the globe. 

Huddle01 is democratizing connectivity over cyberspace by enabling people to access best in class bandwidth without relying on local physical infrastructure. The network has raised $6M to date and is backed by marquee angels like Balaji Srinivasa, Stani Kulechov and leading VC funds like Hivemind, Protocol Labs, Superscrypt, Consensys and others. 

Huddle01 makes it possible to build high-quality audio/video applications in minutes. Leveraging its suite of SDKs, multiple web3 applications have integrated the composable Huddle01 SDKs as their video communication layer. The infrastructure (developer SDKs) has been utilized by 100 projects including Lens Protocol, Solana, and CyberConnect. Soon Huddle01 will be onboarding 1.5M active users to their dRTC network with upcoming integrations.

To learn more visit, www.huddle01.com | Twitter | Website | Medium

Contact

Senior PR ManagerPatrick KennedySerotoninpatrick@serotonin.co

Dubai enhances consumer protection with updated crypto marketing rules, starting October 1, 2024.

VARA has released guidelines for VASPs to help them comply with the new marketing standards.

The crypto-friendly country of Dubai is stepping up its approach to marketing virtual asset investments as the city’s crypto sector continues to grow. Dubai’s Virtual Asset Regulatory Authority (VARA) has announced new marketing regulations that will take effect on October 1, 2024. This initiative marks the UAE’s first significant move to regulate the promotion of crypto investments.

VARA Strengthening Consumer Protection in Crypto Marketing

The new regulations plan to support the transparency and integrity of marketing practices within the virtual assets domain. They require all entities engaged in marketing virtual assets to stick to principles of accuracy, transparency, and consumer protection, regardless of their licensing status with VARA. 

Further, to support this shift, VARA has also released a comprehensive marketing guidance document, which will serve as a crucial resource for virtual asset service providers navigating the marketing landscape.

One key requirement introduced is the necessity for companies promoting digital asset investments to include a disclaimer in their marketing materials. This is part of a broader effort to enhance consumer awareness and protect investors in a rapidly evolving market.

Matthew White, VARA’s CEO, emphasized the authority’s commitment to creating a regulatory framework that safeguards consumers. He also highlighted the importance of encouraging innovation and growth within the virtual asset sector.

Earlier in September, VARA partnered with the Securities and Commodities Authority (SCA). This collaboration allows licensed crypto providers in Dubai to expand their services throughout the UAE. It also facilitates a smoother registration process for companies seeking VARA licenses, enabling automatic registration with the SCA.

Highlighted Crypto News Today: 

Singaporean SBI DM Plans to List Digital Assets on German Firm 21X