Hero.io, a cutting-edge Web3 ecosystem powered by groundbreaking AI research from the University of Cambridge, is hosting a series of side events during Token2049 Singapore, one of the largest Web3 gatherings globally. These side events, designed to showcase how AI is reshaping the future of decentralized finance, will be held at the OGBC Innovation Hub, conveniently located minutes away from Singapore’s iconic Marina Bay Sands.

Hero.io, in collaboration with Apta AI, a spin-off from Cambridge University known for its revolutionary AI solutions, aims to demonstrate the vast potential of AI and decentralized technologies. Attendees will gain insights into how artificial intelligence is shaping the future of Web3, offering unique opportunities for investors, builders, and AI enthusiasts.

Key Events Include:

AI for the People: Empowering Web3 EconomyA deep dive into how AI-driven tools, such as Hero.io’s search engine, wallet, and merchant accounts, can empower a decentralized future. Expect insights from Near Foundation, Spectral, and Masa—top players in the decentralized AI space.

Investing in the Age of AI Boom: Opportunities for Web3Venture into the rapidly expanding world of AI-powered investments in Web3 with Nazaré Ventures, Apta AI, and Hero.io’s team of industry-leading engineers. Learn how AI-driven financial tools are revolutionizing the investment landscape.

Cambridge University AI Research for Web3This session offers an exclusive look into cutting-edge AI research from Cambridge University that powers Hero.io and Apta AI. Industry experts will explore the potential of AI in building decentralized, intelligent systems for the future.

Meet Hero.io: The Future of Deep Crypto Insights

Hero.io is at the forefront of AI and cryptocurrency, merging two of today’s most transformative technologies to deliver unmatched insights into Web3 and decentralized finance. Built on AI models developed by Cambridge PhD researchers, Hero.io provides a powerful platform for users to query blockchain data, analyze smart contract vulnerabilities, identify bullish and bearish market trends, and receive real-time sentiment analysis for thousands of cryptocurrencies.

The core of Hero.io’s innovation lies in its Hero AI Search—an advanced search engine powered by a proprietary framework known as pre-emptive agentic flow, developed by Apta AI. This AI framework leverages specialized agents, instead of traditional Large Language Models (LLMs), to perform the complex analytical tasks that drive actionable insights. This technology enables users to access crypto-specific data, conduct in-depth analysis, and execute trades with precision, all through natural language queries.

The Hero AI Search engine is equipped with proprietary datasets, compiled over 1.5 years, offering unparalleled accuracy and insight. Upcoming features include the Chat-to-Trade functionality, which will allow users to execute trades seamlessly via natural language inputs. The first version of Hero AI Search is slated for release in Q4 2024, with a suite of additional tools—including the $Hero Token, and HeroID—set to follow.

Event Highlights:

Co-hosts: Hero.io and Apta AIHero.io’s ecosystem seamlessly integrates a private browser, an AI search engine, and secure DeFi tools, making it a one-stop solution for Web3 enthusiasts. Apta AI leverages logic-based Large Language Models (LLMs) to provide industry-leading insights.

Special Guests:Featuring key players such as Near Foundation, Spectral, and Masa, these events will connect participants with leading innovators in the AI and Web3 space.

Venue:All events will take place at the OGBC Innovation Hub, an innovation center that connects entrepreneurs, investors, and trailblazers in the Asia-Pacific region.

Speakers Include:

Shirom Chabra, PhD, CEO & Co-founder, Apta AI

Vatsal Raina, PhD, CTO & Co-founder, Apta AI

Jarrod Barnes, Head of Ecosystem & Founder Success, Near Foundation

Sishir Varghese, CEO & Co-founder, Spectral

Calanthia Mei, Co-founder, Masa

Dr. Steven Waterhouse, Founder, Nazaré Ventures

Brandon Crosbie, Director of Data Engineering, Hero.io

What You’ll Learn:

How AI is Extending Beyond LLMs to Drive Crypto Alpha

Decentralizing Intelligence: User-Owned AI and Web3 Integration

Building an AI-Powered Onchain Economy for Autonomous Finance

Using Hero AI Search for Real-Time Crypto Insights

Who Should Attend:

AI Builders, AI Investors, and AI Enthusiasts

Web3 Investors and Web3 Builders

Anyone interested in the convergence of AI and Web3 technologies

Event Links:

AI for the People: Empowering Web3 Economy: https://bit.ly/Hero-AI-token2049

Investing in the Age of AI Boom: Opportunities for Web3: https://bit.ly/Investing-AI

Cambridge University AI Research for Web3: https://bit.ly/Cambridge-AI

Join the Conversation:

Follow Hero.io on social media for updates, behind-the-scenes content, and insights:

Twitter: https://x.com/HeroAisearch

LinkedIn: https://www.linkedin.com/company/heroaisearch/

Medium: https://medium.com/@hero.io

Telegram: https://t.me/heros

Don’t miss this exclusive opportunity to learn from the industry’s best and witness firsthand how AI is shaping the future of Web3. For more information, and to secure your spot, visit the event pages.

About Hero.io:

Hero.io is a trailblazing platform that integrates AI-driven tools with Web3 and decentralized finance to offer users unparalleled insights into the world of crypto. Developed by a team of Cambridge PhD researchers, Hero.io features a proprietary AI search engine that uses cutting-edge AI models and crypto-specific datasets to deliver accurate, actionable insights. With upcoming tools like the $Hero Token, and HeroID, Hero.io is setting the standard for the future of Web3.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends 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.

BNB price consolidates, but Chaikin Money Flow (CMF) shows bullish divergence.

Long/Short ratio at 1.04 indicates positive sentiment among traders.

Potential targets: $598 and $645.90 on bullish breakout, or $468.90 if bearish trend emerges.

Binance Coin (BNB) finds itself in a state of market indecision, with recent price action characterized by sideways movement as neither bulls nor bears muster sufficient momentum to dictate a clear directional trend.

Despite this apparent stagnation, emerging technical indicators suggest the formation of a bullish divergence, prompting a segment of market participants to accumulate BNB in anticipation of a potential upward breakout.

The period between September 6 and 12 saw BNB’s price trend upward in an attempt to breach the long-standing support level at $560. However, this effort ultimately fell short, resulting in the current consolidation phase where the coin’s price oscillates without a definitive trend.

BNB’s CMF shows upward trajectory

Intriguingly, while BNB’s price consolidates, its Chaikin Money Flow (CMF) indicator has been on an upward trajectory, signaling a bullish divergence. This technical formation occurs when an asset’s price moves sideways or downward while its CMF rises, suggesting an increase in buying pressure that has yet to manifest in price action.

This divergence potentially indicates accumulation by “smart money” investors who foresee an upside breakout once the price consolidation phase reaches its conclusion.

Source:  Coinglass

Supporting this bullish narrative, BNB’s Long/Short ratio currently stands at 1.04, reflecting a slight preference for long positions among traders and suggesting positive sentiment regarding the coin’s future price movement.

Looking ahead, a successful bullish breakout could propel BNB beyond the $560 level, setting the stage for a challenge of the key resistance at $598. This price point has rebuffed BNB’s advances three times since July, making a potential breach particularly significant. Should this resistance fall, BNB could potentially rally to a three-month high of $645.90.

XRP rallies since September 6, approaching $0.60 resistance.

Declining network activity suggests waning demand.

Price could drop to $0.38 if bearish trend continues, or rise to $0.74 if demand returns.

XRP has experienced a notable price surge since September 6, propelling the altcoin towards a formidable resistance level at $0.60. However, as demand for the digital asset begins to wane, there are indications that XRP may struggle to breach this crucial threshold, potentially repeating historical patterns of resistance.

On-chain metrics paint a concerning picture for XRP’s short-term prospects. Data from Santiment reveals a decline in both daily active addresses and new address creation since September 13.

Over the past three days, the number of wallet addresses engaging in XRP transactions has dropped by 18%, while new addresses created for trading purposes have decreased by 8%.

This reduction in network activity often signals diminishing interest in an asset, as fewer addresses interacting with the blockchain typically correlates with reduced market engagement. XRP’s price action has mirrored this decline in on-chain activity, with the token’s value falling 3% over the past two days to its current trading price of $0.57.

Source:  Santiment XRP’s price drop pushes it below 20-day EMA

From a technical perspective, XRP’s recent price dip has pushed it below its 20-day exponential moving average (EMA), a key indicator often viewed as a short-term support level.

Breaching this threshold can signal weakening upward momentum and may prompt traders to exit long positions in anticipation of further price declines.

The Ichimoku Cloud, another prominent technical indicator, adds to the bearish narrative. XRP’s price has slipped beneath the Leading Span A (green) of the cloud, suggesting a potential shift in market sentiment. If demand fails to recover, the price could gravitate towards the Leading Span B (red), which represents a critical support level within the Ichimoku system.

Looking ahead, XRP faces two potential scenarios. In a bearish outcome, continued selling pressure could drive the price towards its August 5 low of $0.38, representing a major retracement from recent gains.  

The Tokensoft Foundation has teamed up with two significant Stacks contributors, Stacks Foundation and Bitcoin Frontier Fund, only a few weeks after launching its “LegalZoom for crypto companies.”

Together, they are creating a version of Tokensoft’s distinctive product that is suited to entrepreneurs that are developing on Bitcoin. Under the terms of the partnership, N21 and the startup accelerator managed by Bitcoin Frontier Fund will include Tokensoft’s education and services for entrepreneurs.

By having access to Tokensoft’s resources, builders may expedite fundraising prospects and Token Generation Events while mitigating risk. With Stacks’ own Nakamoto upgrade presently rolling out to deliver fast blocks and 100% Bitcoin finality to the layer, the protocols and tools for building on top of Bitcoin continue to become better.

As the rush to develop on top of Bitcoin grows, developers will now have top-notch assistance for crucial areas of their compliance and token strategy, in addition to a technology that can sustain their expansion.

In the course of successfully launching more than 150 projects, Tokensoft built a top-tier network of dependable experts and professionals who make sure the project is configured compliantly and in accordance with the founders’ requirements. The skilled staff at Tokensoft oversees the whole process for the firm, freeing up the often technical founders to concentrate on other crucial facets of their business.

Mason Borda, CEO, Tokensoft stated:

“After ten years, we’re excited to finally see some regulatory certainty when it comes to token issuers. Tokensoft Foundation helps streamline the entity setup process by connecting issuers with the network of trusted professionals and providing the structure they need to successfully and expediently launch a token.”

In terms of the cooperation with the Stacks Foundation, next cohorts of the Bitcoin Frontier Fund will include Tokensoft professionals in their programming, while becoming the leading recommended source for corporate structure formation.

Additionally, when founders start to establish their firms, The Stacks Foundation and Tokensoft will provide a series of free seminars for them to familiarize themselves with the team and some of the fundamental ideas of the process.

The announcement is made as a part of the Stacks Foundation’s “21 Days of Nakamoto” campaign, which is commemorating the layer’s most significant upgrade to date with events, prizes, and daily announcements.

Time is crucial in startups, but with cryptocurrency particularly. The veteran staff at Tokensoft will help founders, saving them money, time, and the comfort of knowing that their business is set up and compliant. Being able to provide founders who just want to do things correctly with a resource like this is a huge victory for all Bitcoin builders, since compliance is a vital benefit to Stacks as an ecosystem.

Tokensoft have assisted more than 100 companies in raising over $1 billion and organizing large-scale token events. Avalanche, The Graph, Arbitrum, Tezos, Connext Network, Moonbeam, Acala, and Synthetix are among of the projects the firm has assisted.

Resources:

Stacks Guidance/Background:

https://stx.is/narrative

https://stx.is/nakamogo-guide (technical guide to Nakamoto)

Nakamoto launch strategy and events: https://stacks.org/bitcoin-halving-here-we-come

Graphics

Stacks Foundation brand kit 

LogX, an on-chain consumer Super App, has declared the conclusion of its most recent strategic investment round, in which it received $4 million of the total $10.1 million. In only 10 months after its introduction, this decentralized trading platform has surpassed $20 billion in trading volume, marking its biggest achievement to date.

Prominent investors such as Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital participated in the investment round. Prominent angel investors Ryan Lee of Orderly Network and Charles and Verity of Espresso Systems also participated.

After a $6.1 million seed round that included investors including Coinbase Ventures, Sequoia money, IOSG, GFC Global Founders, MSA, and Better Capital, LogX has secured a total of $10.1 million in capital raised.

Akshit Bordia, Founder of LogX stated:

“These latest milestones are a testament to the unwavering trust from our financial backers, partners, and, most importantly, our loyal users. With the capital we’ve raised, our mission is to scale our product line and introduce leveraged prediction markets across 50+ blockchains.”

Since its July 2023 launch, LogX has had tremendous growth, with over a million users using the platform and over $20 billion in trading volume attained.

Leveraged Prediction Markets will be the main focus of LogX’s aspirations to grow its consumer products with the help of its new funding. In addition, later this year, LogX will launch on the TON blockchain, enabling over 100 million people to trade prediction markets.

Lagos, Nigeria, September 16th, 2024, Chainwire

Onboard is excited to announce a significant expansion and rebrand, coupled with a successful capital raise from Coinbase Ventures and LAVA. This expansion marks the evolution of Onboard from a digital money app and a global P2P exchange, to a comprehensive platform and ecosystem designed to empower onchain builders and creators globally.

The world is facing unprecedented challenges, with over 3.5 billion people living below the poverty line, 75-90% currency devaluation, and rampant double to triple-digit inflation across various regions. Onboard believes that rather than battling outdated systems, the way we change this, is by focusing on the transformative possibilities of the onchain economy.

Onboard empowers independent builders and creators to help bring the world onchain. Onboard’s vision is to enable anyone, anywhere to come onchain and live a radically better life. Their gateway enables people to come onchain with as little as $1 in under 2 minutes. However, the true value lies in the applications and experiences that make this economy accessible, engaging, and transformative.

“To truly unlock the potential of the onchain economy, we need to support the creation of actually useful onchain apps and experiences. This is where builders and creators come in. This rebrand signifies our commitment to fostering a thriving onchain ecosystem that benefits everyone.” – Yele Bademosi, Co-Creator of Onboard.

Onboard is dedicated to building the ultimate financial platform and support community for onchain dreamers—those independent builders and creators. We believe that by inviting the world’s best minds to join us, we can create exceptional onchain applications and experiences that will inspire and enable more people to embrace the possibilities of this new economy.

The capital raised from Coinbase Ventures and LAVA will be pivotal in accelerating Onboard’s growth and expanding its offerings to meet the needs of the global onchain community. This funding will support the development of new financial tools, resources, and community initiatives aimed at empowering onchain creators and builders.

 The onchain economy holds tremendous potential to empower people around the world. Onboard’s on and offramps enables safe, low-cost, and low-barrier entry to the onchain world, bringing the benefits of this new economy to people who need it most. We’re excited to partner with Onboard in making economic freedom more accessible to all.” – Shan Aggarwal, Vice President, Corporate & Business Development, Coinbase Ventures.

About Onboard

Onboard is building the ultimate financial platform and support community for onchain dreamers—independent builders and creators developing applications and experiences to bring the world onchain. With a mission to expand the onchain economy and make it universally accessible. Onboard is committed to enabling anyone, anywhere, to live a radically better life through the possibilities of the onchain economy.

Website: onboard.xyz

X: @OnboardGlobal

Farcaster: @Onboard

Contact

Marketing LeadLiza JOnboardliza@nestcoin.com

Zeebu, a leading Web3 payment and settlement platform, has achieved another major milestone by surpassing $4 billion in settlement volume on its platform. This growth highlights the platform’s expanding reach and utility across the telecom carrier industry. To continue scaling its offerings, Zeebu is excited to announce its expansion with Base Network, a high-performance Ethereum layer-2 solution incubated by Coinbase. This marks a critical development in Zeebu’s multichain strategy, designed to provide faster, more cost-efficient, and scalable settlements. 

As part of this expansion, Zeebu has minted 24.4% of its ZBU token supply to Base, with a total of 1,022,916,666 ZBU tokens now available on Base. This expansion is part of Zeebu’s broader multichain approach to tap into leading blockchain networks starting with Ethereum, Binance Smart Chain, and now Base, leveraging their strengths to offer enhanced scalability, faster transactions, and deeper liquidity. 

The Zeebu Protocol is dedicated to building a fully decentralized liquidity engine, designed to transform global settlements by enhancing scalability, efficiency, and active ecosystem participation. Through the involvement of Delegators, Deployers, OLPs, and the Governance Council, Zeebu empowers participants to shape the protocol, ensuring transparency, shared governance, and opportunities to earn yield. The expansion to Base, one of the fastest-growing Layer-2 networks, aligns perfectly with this vision, providing greater scalability, lower fees, and increased access for users to engage with ZBU and participate in decentralized liquidity provisioning. 

Zeebu’s ZBU token powers this decentralized ecosystem, facilitating instant settlements, loyalty rewards, and governance. With the expansion to Base, Zeebu enhances its ability to provide seamless, cross-border transactions at a fraction of traditional costs, all while maintaining full transparency and security. 

Base Chain is built on the OP Stack, in partnership with Ethereum layer-2 blockchain Optimism. It offers the same security as Ethereum with lower fees and faster transaction times, enabling Zeebu to scale its platform efficiently. Base processes thousands of transactions per second, supports Ethereum’s EVM architecture, and is designed for compatibility with existing Ethereum dApps, making it a perfect match for Zeebu’s decentralized solutions. 

Why Base Chain for Zeebu Protocol 

Faster, Low-Cost Settlements: The expansion to Base enables near-instant, low-cost settlements for Zeebu’s clients, significantly improving cross-border payment efficiency. 

Increased Scalability: Base’s architecture allows Zeebu to handle high transaction volumes without compromising speed or security, ideal for enterprise-level settlements. 

Deep Liquidity: By leveraging Base’s growing user base and liquidity pools, Zeebu enhances its capacity to provide liquidity for global B2B payments. 

Transparency and Security: With Base’s Ethereum-level security, all transactions remain fully transparent and secure, reinforcing trust within Zeebu’s ecosystem. 

Fast-Growing DeFi Ecosystem: Base is one of the fastest-growing ecosystems in DeFi, making it the perfect platform for Zeebu to expand and allow users to maximize the potential of the ZBU token. 

Zeebu has successfully expanded its ZBU token to Base, ensuring a balanced token supply across Ethereum, Binance Smart Chain, and now Base. The expansion was conducted through a burn-and-mint mechanism, carefully aligning token supplies as per tokenomics. For full transparency, Zeebu has published all transaction details, including on-chain hashes, in its latest blog post. 

The ZBU token contract on Base can be found here. 

“With our expertise in building decentralized settlement solutions and Base’s cutting-edge Ethereum layer-2 infrastructure, this expansion marks one of the most significant milestones in Zeebu’s journey,” said Raj Brahmbhatt, CEO and Founder of Zeebu. “A fusion of Base’s scalability and low-cost transactions with Zeebu’s commitment to efficient cross-border settlements will deliver a faster, more cost-efficient, and scalable platform for enterprise B2B payments globally.” 

About Zeebu 

Zeebu is a Web3 payment and settlement platform specifically built for the telecom carrier industry. The platform empowers institutions with instant, cost-effective, and transparent settlement solutions. With the launch of the Zeebu Protocol, the platform is evolving into a decentralized liquidity engine, built to decentralize and scale B2B settlements. 

For more information, visit zeebu.com 

Official Website | Twitter | Telegram  

About Base 

Base is a high-performance Ethereum layer-2 blockchain incubated by Coinbase and built on the OP Stack in partnership with Optimism. Designed for scalability and low-cost transactions, Base Chain is fully EVM-compatible and supports seamless integration with existing Ethereum applications, making it a leading choice for decentralized finance (DeFi) and enterprise solutions. 

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.

Ethereum’s price has dropped by 5.53%, now trading at $2,285.68.

A whale purchased 5,615 ETH, totaling $12.77 million, at an average price of $2,274.

Ethereum (ETH) is currently trading at $2,285, marking a 5.53% decrease in the last 24 hours. Its market cap has dropped to $275 billion, while trading volume has surged by 80.74%, reaching $13.63 billion. The decline in Ethereum’s price reflects broader market uncertainty, contributing to a sharp downturn in investor sentiment. Over the past 24 hours, Ethereum has experienced significant downward pressure, reflected in its growing trading volume.

A major whale has entered the market amid this volatility. The on-chain analyst reported that an Ethereum whale, known for swing trading, has acquired 5,615 ETH worth $12.77 million. The whale, whose address starts with 0xe0B5, made its seventh major trade, buying at an average price of $2,274. This large purchase signals that some traders may view Ethereum’s current price as an opportunity, despite its ongoing decline. Whale activity like this often hints at market positioning, but its impact on price is still uncertain.

At the same time, the ETH/BTC rate has dropped to levels unseen since April 2021. According to Wu Blockchain, the ETH/BTC pair briefly touched 0.03985 on Binance, its lowest rate in over three years. This decrease in Ethereum’s relative strength against Bitcoin may concern investors. The pair once peaked at 0.1238 in January 2018 but is now trending closer to its all-time low of 0.01615. Additionally, 13,977 ETH (around $32.78 million) has been transferred to Coinbase, raising speculation about potential selling pressure in the coming days.

Ethereum (ETH) Technical Indicators

From a technical perspective, Ethereum shows mixed signals. The Relative Strength Index (RSI), currently at 43.56, suggests that Ethereum is nearing oversold levels but still has room for further decline. Immediate support sits at $2,275, with resistance around $2,300.

Ethereum (ETH) Price Chart (Source:  TradingView )

If Ethereum breaks below $2,275, the next support could be around $2,250. On the other hand, a move above $2,300 could push the price toward $2,325. Market participants watch these levels closely as the next move could define short-term trends. With whale activity increasing and technical indicators nearing critical points, Ethereum’s market remains uncertain.Highlighted Crypto News TodayCoinbase Denies Giving Special Bitcoin Borrowing Privileges to BlackRock

Court limits freezing to fraud amounts in cryptocurrency investigations.

Full account freezes deprive individuals of financial stability and livelihood.

In a landmark ruling, the Madras High Court in Chennai has clarified that police and investigative agencies cannot freeze entire bank accounts while probing cyber crime cases. Instead, they are allowed to freeze only the specific amount involved in the alleged fraud. This decision comes as a critical intervention at a time when account freezes have become increasingly common in investigations linked to cryptocurrency transactions.

The ruling was delivered by Justice G. Jayachandran in response to a petition from Mohammed Saifullah, whose HDFC Bank account was frozen for over a year by the Telangana State Cyber Security Bureau (TSCSB) during an ongoing cryptocurrency investigation. The case in question involved only ₹2.48 lakh, yet the entire balance of ₹9.69 lakh was rendered inaccessible, according to the local media outlet.

Moreover, the court found that freezing entire accounts, especially in cryptocurrency-related cases, unfairly deprives individuals of their financial stability. And hinders their ability to conduct daily transactions. Justice Jayachandran underscored that under the guise of investigation. It, which is freezing an entire account without specifying the amount tied to the alleged fraud is improper.

Legal Requirement For Notifying

The court further stressed the frequent disregard of legal requirements for notifying both account holders. And the court when accounts are frozen. It is under Section 106 of the BNSS, which replaced Section 102 of the Criminal Procedure Code. The authorities are mandated to inform the judicial magistrate of any seizure of assets. In many cryptocurrency cases, individuals are left unaware of why their accounts were frozen until significant financial disruption has occurred.

By allowing Saifullah to access his account with the condition of maintaining the disputed ₹2.48 lakh, the ruling serves as a reminder for investigative agencies to follow due process in cryptocurrency fraud investigations. Some community members feel this decision sets a precedent for protecting citizens’ rights amid the growing use of cryptocurrencies.

Highlighted News Of The Day

Crypto Market Goes into Uncertainty Mode As Bitcoin Recedes to $58K

Coinbase has firmly denied claims that it provided BlackRock with special borrowing privileges for Bitcoin. 

The controversy began when Tyler Durden claimed Coinbase gave Bitcoin IOUs to BlackRock, which could affect Bitcoin prices.

The world’s second-largest crypto exchange, Coinbase, has denied allegations that it granted BlackRock, the world’s largest asset manager, special privileges to borrow Bitcoin. These claims arose when analyst Tyler Durden suggested that Coinbase was issuing Bitcoin IOUs (essentially loans) to BlackRock, allowing it to borrow Bitcoin without maintaining proper 1:1 backing with its ETF, potentially manipulating the market.

In response, Coinbase clarified that it has never provided any preferential treatment to BlackRock. CEO Brian Armstrong emphasized that Deloitte regularly audits the company and must obey strict regulatory guidelines. He also stated that Coinbase cannot reveal institutional customers’ Bitcoin holdings unless required by law.

Criticism and Defense of cbBTC Amid Centralization Concerns

The controversy deepened with the introduction of cbBTC, a wrapped Bitcoin asset launched by Coinbase on its Base network. Justin Sun, the founder of Tron, criticized cbBTC for its lack of transparency, claiming that it operates like a centralized asset that could be frozen or confiscated. Further, Sun argued that such assets run counter to the decentralized principles of Bitcoin.

Despite these criticisms, Coinbase defended its practices and stated that it remains committed to transparency and compliance. However, the debate over centralizedness in the cryptocurrency world continues, as cbBTC’s launch has sparked concerns about transparency in the market.

Coinbase collaborated with BlackRock earlier in August, where it enabled BlackRock’s institutional clients to access crypto via its Prime service. Some community members continue to call for Coinbase to reveal its Bitcoin reserves to dispel any doubts regarding its wrapped Bitcoin product.

Highlighted News Of The Day

Indian Court Rules Against Freezing Full Accounts in Crypto Cases

CFTC claims that the recent manipulation attempts on Polymarket highlight are highly susceptible.

The CFTC has ordered Kalshi to suspend its election prediction market due to concerns about manipulation.

The Commodity Futures Trading Commission (CFTC) has raised serious concerns about the potential for manipulation in prediction markets, particularly in light of recent Kalshi events. In a new filing with the U.S. Court of Appeals for the D.C. Circuit on September 14th, the CFTC argued that these markets, which allow traders to bet on future events, are vulnerable to significant manipulation. This caution comes amidst a surge in election-related betting. Which the CFTC suggests could undermine public trust and the integrity of the electoral process.

The CFTC’s concerns were highlighted by recent attempts to manipulate markets on Polymarket. Where traders bet on Vice President Kamala Harris winning the 2024 presidential election. The Commission’s filing contends that such manipulation attempts could distort market predictions and affect public perception of election outcomes.

On September 12th, the CFTC also addressed procedural matters in the case. Requesting that a September 6th district court order be stayed pending further review. The administrative stay is intended to provide the court time to consider an emergency motion and does not reflect a decision on the underlying merits of the appeal.

CFTC ordered Kalshi to halt its election prediction market

The Commodity Futures Trading Commission (CFTC) ordered Kalshi to suspend its election prediction market. This directive is part of the CFTC’s broader concerns about potential manipulation risks within prediction markets. The regulatory body warns that such markets could undermine public trust in election processes. Citing recent attempts to manipulate betting on political outcomes.

The CFTC’s action reflects heightened scrutiny over the integrity of prediction markets amid growing concerns about their impact on public perception and electoral fairness. The order requires Kalshi to cease its election-related contracts until further notice.

Highlighted crypto News Today:Circle and Sony Enable USDC on Soneium Blockchain for Creators

Bitcoin price recorded a 2.38% decline in daily price movement as per CMC data. 

The cryptocurrency’ s daily trading volume surged by 67.96% in the last 24 hours.

The overall crypto market entered a slump over the weekend, after prices fell yet another time this month. Amid increased volatility, prices have been struggling to sustain bullish movements in the past few months. This has resulted in fluctuating market sentiments and an uncertainty among investors. 

Notably, leading cryptocurrency, Bitcoin exhibited a 2.38% price drop over the last 24 hours and slid down to its previous resistance at $58K. This led to a price drop in other cryptocurrencies within the altcoin sector. In particular, Ethereum incurred a 5.21% drop while Solana dipped 4.34%. 

On inferring the cryptocurrency’s daily price chart, the downward movement began in the Asian late evening hours of September 15. In the following day, Bitcoin hit an intraday low of $58,143. After which it showed mild upward movements and reached current trading levels. At the time of writing, Bitcoin was trading at $58,776 as per CMC data.  

Moreover, on September 14, BTC price retraced back to its $60K level momentarily. This led the crypto community to expect a bull run, until however prices failed to sustain the positive momentum. Meanwhile, as aforementioned, Bitcoin fell further in the past day. 

Additionally, according to Coinglass data, Bitcoin recorded $31.48 million in 24 hour liquidations. The token’s recent price drop has initiated a selling pressure within the market as it struggles to maintain a neutral sentiment among investors. 

How was Bitcoin’s Performance Over the Last Week? 

Bitcoin, in the past 7 days, showed intriguing price movements, with a performance of 6.58% increase. At the beginning of the week, BTC traded at a low of $54,645. As the days progressed the digital asset sparked bullish candles and climbed to a weekly high of $60,615 on September 13. 

BTC/USD Daily Price Chart (Source: TradingView )

Additionally, the token’s short-term 9-day MA stands below the 21-day MA indicating the overall bearish trend as per TradingView reports. However, Bitcoin’s RSI fell to 50.29, influenced by the recent dip as investors show selling movements. 

However, in the past two days, the token has receded to its previous level at $58,000. If Bitcoin manages to overpower the current bearish turn it might face resistance at $60,551 and $61,285. 

Highlighted Crypto News Today: 

Circle and Sony Enable USDC on Soneium Blockchain for Creators

As the Web3 industry rapidly evolves, the global cryptocurrency exchange market is becoming increasingly competitive, with compliance and differentiation emerging as key battlegrounds. In this dynamic environment, ZBX has positioned itself as a leader by prioritizing regulatory adherence, a diverse product portfolio, and strategic partnerships to meet the growing demand for secure and transparent financial solutions worldwide.

As a leading cryptocurrency exchange, ZBX leverages its foundation of compliance and innovation to offer tailored services for iGaming companies. Tokenization stands out as ZBX’s primary approach to empowering the iGaming sector with blockchain technology, adding a fresh layer of appeal to the industry.

ZBX: Revolutionizing iGaming with Comprehensive Crypto Services

As the iGaming sector continues to thrive, the adoption of cryptocurrencies and blockchain technology has become a critical success factor. Positioned at the forefront of this transformation, ZBX offers services that not only address current needs but also anticipate future trends.

Tokenization: ZBX’s Cutting-Edge Approach to Empower iGaming

Tokenization is at the core of ZBX’s offering to iGaming companies, providing a transformative pathway for them to enhance operations. By facilitating the issuance of blockchain tokens, ZBX enables capital flows, boosts user engagement, and streamlines business processes.

Key Benefits of ZBX’s Tokenization for iGaming:

New Revenue Streams: iGaming companies can issue branded tokens for in-game purchases, rewards, and even quasi-payment methods, creating additional income and fostering customer loyalty.

Enhanced Security and Transparency: Blockchain ensures token transactions are secure, transparent, and immutable, crucial for managing sensitive user data and financial operations.

Compliance Assurance: ZBX’s tokenization services adhere to relevant financial regulations, allowing iGaming companies to innovate confidently while remaining legally compliant.

Beyond Tokenization: Comprehensive Exchange Services for iGaming

ZBX provides a wide range of exchange services to support iGaming companies, including:

Regulated Exchange Listings: Listing on ZBX offers iGaming companies a trusted, regulated platform to promote their tokens to a wider audience, enhancing visibility and investor trust.

Flexible Payment Options: ZBX supports multiple payment methods, including cryptocurrencies, fiat currencies, and credit cards, making participation in the token economy more convenient.

Market-Making Services: ZBX offers market-making services in EUR, USD, and USDC trading pairs, ensuring liquidity and market stability—essential for maintaining investor confidence.

Community Building and User Engagement: ZBX helps its partners build and maintain loyal user bases through robust community-building initiatives, including social media campaigns, targeted marketing, and strategic partnerships.

By choosing ZBX, iGaming companies gain a partner dedicated to driving innovation and growth. With a growing list of strategic partners, successful OTC operations, and comprehensive tokenization services, ZBX is poised for future growth. As the iGaming sector rapidly develops, digital transformation is paving the way for innovative financial solutions. By combining cutting-edge blockchain technology with a strict regulatory framework, ZBX is redefining how iGaming companies leverage cryptocurrency.

Strategic Partnerships with Leading iGaming Players

ZBX has already partnered with several well-known iGaming platforms, helping them optimize their business models with ZBX’s comprehensive services. Examples include OK.fun, a blockchain-based iGaming platform offering a variety of slot machines, table games, and live casino options, all featuring provably fair and on-chain transparency. Additionally, Token.win provides a seamless, secure, and immersive iGaming experience powered by cryptocurrency, offering a wide range of casino games with instant crypto payments.

ZBX: A Leader in Compliance and Innovation in the Crypto Exchange Industry

Founded in Switzerland and Malta, ZBX has become a global leader in compliance and innovation within the cryptocurrency exchange sector. Regulated by the Malta Financial Services Authority (MFSA) and holding a Class 4 Virtual Financial Assets (VFA) Service Provider license, ZBX is prepared for the upcoming MiCA Regulation and is committed to setting new standards for transparency and compliance in the crypto industry. This robust regulatory foundation enables ZBX to offer secure, compliant financial services to a global clientele, including individual traders, SMEs, payment institutions, and iGaming companies.

Global Impact and Customized Financial Solutions

ZBX offers a broad range of services to meet the diverse needs of its global customers. From over-the-counter (OTC) and fiat-to-crypto conversion services to virtual IBANs and the ZBX crypto debit card, the platform provides innovative solutions that allow businesses and individuals to manage digital assets with ease and confidence.

OTC Services: ZBX’s OTC desk offers a secure platform for high-volume transactions, catering to institutional clients requiring privacy, liquidity, and global reach.

ZBX Crypto Debit Card: Bridging the gap between digital assets and daily transactions, the ZBX debit card is accepted globally and supports all major payment networks, enabling seamless spending of cryptocurrencies.

Fiat-to-Crypto Conversion: ZBX provides streamlined and secure fiat-to-crypto conversion services, enabling users to easily switch between traditional and digital currencies.

Virtual IBAN: In partnership with OpenPayd, ZBX offers virtual IBANs for fast and secure Euro wire transfers, ideal for businesses and individuals managing cross-border transactions.

Enterprise Crypto Banking Services: ZBX’s enterprise crypto accounts optimize financial operations for businesses, enhancing efficiency in managing global transactions.

Strategic Collaborations with Payment Institutions, SMEs, and iGaming Companies

ZBX has strategically positioned itself as a key partner for iGaming operators, payment institutions, and SMEs worldwide. By offering customized tokenization services, exclusive crypto gateways, and compliance-driven financial solutions, ZBX enables these industries to innovate and expand their operations while adhering to strict regulatory standards.

Strategic Partnerships:

Circle: Supporting seamless global payments and liquidity with USDC stablecoin, enabling businesses to innovate with digital dollars.

Dukascopy: A Swiss online bank offering innovative trading, mobile banking, and cryptocurrency solutions.

Xprizo: A multifunctional platform for cross-border payments, digital wallets, and financial inclusion services.

Fireblocks: Providing a secure platform for institutions to manage, transfer, and store digital assets with state-of-the-art protection.

Cregis: A self-custody Web3 asset management platform using MPC sharding technology for secure self-custody and enterprise collaboration.

Clearjunction: Offering banking and payment infrastructure solutions for global financial institutions.

OpenPayd: API-based banking services simplifying payments and financial services for businesses.

finXP: Comprehensive payment solutions for businesses, from online processing to IBAN accounts.

Chainalysis: Blockchain data and analytics solutions to combat illicit activities and support compliance with digital assets.

Notabene: Helping businesses comply with cryptocurrency regulations through travel rule and compliance solutions.

Forumpay: Enabling merchants to accept crypto payments, simplifying cryptocurrency transactions for businesses.

Transfero: Digital asset financial services, focusing on stablecoin issuance and crypto asset management.

Sumsub: A compliance platform that simplifies identity verification and fraud prevention for global businesses.

ComplyAdvantage: Using AI to provide real-time insights to manage financial crime risks and ensure compliance.

SiGMA.world: Organizing global events connecting professionals from iGaming, blockchain, and tech industries.

Building Trust with Strong Regulatory Credentials

ZBX strengthens its commitment to compliance through strategic licensing and global partnerships. As one of the first entities to receive a Class 4 VFA Service Provider license from Malta, ZBX is prepared for a seamless transition when MiCA Regulation comes into effect. Moreover, ZBX is working to expand its licensing portfolio through a new electronic money

institution (EMI) project in Malta and collaboration with Swiss regulators. These efforts underscore ZBX’s dedication to maintaining the highest standards of security, transparency, and trust.

Success in OTC Business

ZBX’s over-the-counter (OTC) business has shown strong performance, providing secure, large- scale trading solutions for institutional clients. This success highlights ZBX’s ability to handle high transaction volumes, reinforcing its reputation as a reliable partner in the crypto exchange industry.

Looking Ahead: Expanding Services and Global Reach

As ZBX continues to grow, the company is focused on expanding its service offerings and global reach. Future plans include integrating DeFi applications, developing Web3 super apps, and deepening engagement with emerging markets. ZBX’s strategic vision is to remain at the forefront of innovation in the crypto industry, providing secure, compliant, and cutting-edge solutions to a global audience.

Contact: Albert feng

Title: COO

Email: af@zbx.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.

Circle partners with Sony Block to integrate Bridged USDC Standard.

Soneium aims to simplify blockchain experiences, empowering developers.

Sonium recently joined with Chainlink granting access to Chainlink Data Feeds.

Circle, a global financial technology leader, has partnered with Sony Block Solutions Labs. This partnership aims to enhance innovation and creativity through decentralized technologies by utilizing Soneium, a public Ethereum Layer-2 blockchain ecosystem. 

The collaboration will integrate the Bridged USDC Standard, positioning bridged USDC as one of the primary tokens for value exchange within Soneium’s ecosystem.

On August 23rd, Sony launched the public test net for Soneium, its Ethereum Layer-2 blockchain developed with Startable Labs. Built using Optimism’s OP Stack, Soneium Minato offers developers seamless Ethereum compatibility, reduced transaction fees, and enhanced security.

It also aims to bridge Web3 and Web2, fostering innovation in decentralized applications. By integrating bridged USDC, Soneium is set to unlock new opportunities for developers and users. 

Moreover, Bridged USDC is a specification for deploying USDC in a bridged form on Ethereum Virtual Machine (EVM)-compatible blockchains like Soneium. This bridged USDC also acts as a proxy for native USDC held on Ethereum, allowing developers to easily integrate digital dollar payments into their applications. 

Industry Leaders Highlighting The Partnership 

In addition, Jun Watanabe, Chairman of Sony Block Solutions Labs, expressed his excitement about the collaboration,

“By integrating Circle’s financial infrastructure with Soneium, we are set to redefine the landscape of digital entertainment and finance. We see immense potential in the partnership, not just for technological advancement, but for delivering tangible benefits to Soneium and its global user base.”

Jeremy Allaire, Co-Founder and CEO of Circle, echoed this sentiment:

“This partnership is a key milestone in Circle’s mission to speed up the adoption of stablecoins and blockchain technology, empowering creators to succeed through secure and user-friendly Web3 experiences.”

Recently, Chainlink announced that Soneium, Sony Block Solutions Labs’ Ethereum layer 2 blockchain, has joined the Chainlink Scale program. Further, it grants access to Chainlink Data Feeds and integrates Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This step reflects its expanded vision in blockchain development enhancing the sector to further highs.

Highlighted Crypto News Today:ZachXBT Accuses Circle of Profiting from Lazarus Group-Linked Transactions

Very few traders have the foresight to ride a cryptocurrency from its low to its peak, but when they do, it’s worth paying attention. One expert investor who recognized Ethereum’s potential, profiting as it soared from $200 to nearly $4,800, has now shifted focus to Rexas Finance, a promising new altcoin currently priced under $0.10. With a keen eye for market-defining trends, this investor believes Rexas Finance is set to revolutionize the crypto market by bridging blockchain technology and real-world assets.

Ethereum’s Historic Rise

Ethereum’s journey from $200 to $4,800 remains a significant event in the crypto market. Few altcoins have experienced such a meteoric rise. Investors who saw Ethereum’s potential early on reaped considerable rewards, and this investor was among the most successful. Ethereum is known for its decentralized platform, smart contracts, and widespread adoption across various sectors, including DeFi and NFTs. Now, the same sharp market instincts that led to Ethereum’s success are focused on Rexas Finance, a project with similar disruptive potential.

Rexas Finance: Tokenizing Real-World Assets

Rexas Finance, gaining attention in the crypto market, is actively reshaping how real-world assets are integrated into blockchain networks. Its core proposition lies in tokenizing real-world assets like real estate, gold, and other commodities. This allows anyone to purchase or sell fractional ownership of these assets with ease, transforming traditionally inaccessible markets into a global opportunity. Rexas Finance enables a person in one part of the world to own a fraction of a high-value asset like a property or business located anywhere else.

Rexas Token Builder and Launchpad

Rexas Finance offers several features that distinguish it from other projects. One standout utility is the Rexas Token Builder, which allows users to tokenize their assets without needing technical expertise. This tool simplifies the process, whether it’s real estate, fine art, or even smaller assets like vehicles. Additionally, the Rexas Launchpad facilitates fundraising for new tokens, offering creators a platform to raise capital by connecting them with global investors. This is crucial as more people look to tokenize their assets and raise funds. 

Rexas Estate and Utilities

The Rexas Estate platform is another key feature, enabling users to buy and sell real estate in both full and fractional shares. Whether you’re a large investor or a small one, this system makes entering high-value markets accessible, no matter where you’re located. For instance, someone in Europe could purchase fractional shares of Tesla, benefiting from the company’s growth and innovation in the electric vehicle market. This fractional ownership model lowers the barrier to entry, allowing smaller investors to participate in high-value industries they previously couldn’t access. Other notable utilities include the Rexas Quickmint Bot, which speeds up the token minting process, and Rexas GenAI, an artificial intelligence tool that aids users in making informed investment decisions. With Ethereum being instrumental in advancing decentralized finance, Rexas Finance complements this by introducing AI-driven features to enhance user experiences. Rexas AI Shield further bolsters security, ensuring that tokens minted and traded on the platform are safe from fraud or tampering.

Tokenomics and Rexas Finance Presale

Rexas Finance’s tokenomics are structured for sustainable growth, with a total supply of 1 billion RXS tokens. The allocation includes 42.5% for presale, 15% for liquidity, and 22.5% for staking, among others. The project opted for a public presale rather than relying on venture capitalists, allowing retail investors to participate early. Stage 1 of the Rexas Finance presale sold out in just a few days, raising $450,000, a testament to the strong demand. The presale is now in Stage 2, with tokens priced at $0.04, marking a 34% increase from the initial stage. With nearly half of the available tokens in this phase already sold, momentum is building fast.

Conclusion: The Next Big Altcoin

Rexas Finance is rapidly emerging as a game-changing altcoin in the crypto market, drawing comparisons to Ethereum’s early days. With the backing of an investor who profited handsomely from Ethereum’s rise, Rexas Finance stands poised to revolutionize the tokenization of real-world assets. For investors looking to capitalize on the next big opportunity, Rexas Finance offers a compelling entry point at under $0.10 per token.

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.

Dogecoin’s price has soared 4% since yesterday after Elon Musk reminisced about his 2021 Dogefather skit on Saturday Night Live. Meanwhile, ETFSwap (ETFS) sells fast in its third presale stage, raising over $1.29 million in three days.

Dogecoin Soars As Elon Musk Discusses Dogefather SNL Skit 

During an interview at the All-In summit on September 10, 2024, Tesla CEO and business tycoon Elon Musk reminisced about his hilarious Dogefather skit on a 2021 Saturday Night Live episode. During the show’s Weekend Update segment, the skit had Elon Musk explain what Dogecoin was in character as cryptocurrency expert Lloyd Ostertag.

The skit coincided with Dogecoin hitting an ATH of $0.7375. That scenario is being recreated now as Dogecoin soars by 9.47% following Elon Musk’s reference to the SNL skit. The meme coin hit $0.104, its highest price point in two weeks. Dogecoin’s market capitalization and trading volume also rose to $15.19 billion and $576.58 million following the All-In summit.

Unfortunately, these high points are not indicators of sustained recovery for Dogecoin (DOGE). In the last 24 hours, the meme coin has retraced to about 50% of its price surge and is trading at $0.1005. If anything, September 10’s price surge highlights Elon Musk’s powerful influence on Dogecoin and why he truly is the Dogefather.

ETFSwap (ETFS) Third Presale Stage Raises $1.29 Million In Three Days

While the broader crypto market remains unstable as most cryptocurrencies plunge further, ETFSwap (ETFS) continues instilling hope in the DeFi community. The token has continued its incredible presale run from the first two phases as the third stage clocks three days today. 

ETFSwap (ETFS) has attracted overwhelming interest from top analysts and experts in the crypto community, who are buying the token in massive tranches. Several analysts have predicted a huge 4,680% rally when it launches as its price races to $1.8. These analysts are confident that the token’s extensive utility within the ETFSwap (ETFS) platform and governance system is enough to guarantee it a spot in DeFi’s future.

The ETFSwap (ETFS) token is the key to a successful trading experience on the ETFSwap platform as its primary means of exchange. The token allows traders and investors to swap and trade ETFs. Additionally, staking ETFSwap (ETFS) tokens will enable users to earn passive income with an impressive 87% APR yield potential.

ETFSwap (ETFS) also gives users voting rights within the platform’s governance system. Those rights allow them to determine the platform’s future according to their investment goals, ensuring continued innovation in the ecosystem. 

The ETFSwap (ETFS) platform is a testament to the ETFSwap team’s commitment to DeFi innovation. The platform creates a revolutionary merger between traditional finance and DeFi, combining two highly liquid fields so traders and investors can trade profitably and without the prying eyes of centralized authorities.

Furthermore, the ETFSwap (ETFS) platform equips users with innovative trading tools, such as its revolutionary market-making algorithm and the AI-powered ETF Screener and ETF Tracker, which gather insights from market history to help investors make better-informed decisions.

ETFSwap (ETFS) tightened security around the platform considerably to safeguard its users. The platform leverages the Ethereum blockchain’s robust security and scalability, adding several extra layers of protection. Cyberscope, a cybersecurity auditing firm, thoroughly audited the platform to ensure it had no significant security vulnerabilities.

Conclusion

There is only so much Elon Musk can do to drive Dogecoin’s price up. Meanwhile, ETFSwap (ETFS) continues to thrive in these hostile times for crypto. To get started with ETFSwap (ETFS), sign up on the website and buy the presale to enjoy massive gains soon. Use the code “ETFS50” to enjoy a 50% bonus and accumulate more tokens for more significant returns.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap 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 recommends 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 very audacious anticipation, Wall Street analysts have prepared a throne for Rexas Finance (RXS), an innovative real-world asset (RWA) tokenization platform, with a 7,500% survival capacity. The vision of Rexas Finance is such that it dwarfs even the key players of the present blockchain economy, including Solana and Cardano, in the next bull run. This is because Rexas Finance is already attracting both retail and institutional investors due to its disruptive potential as well as recent presale success.The first presale stage of the token, which provided RXS tokens at a price of a little $0.03, was completed in less than three days with a total fund that exceeded 200,000 dollars. The rapid sellout of the transaction indicates the growing enthusiasm of investors towards blockchain technologies with real use cases, especially the emerging RWA tokenization market.

What is RWA Tokenization?

RWA tokenization fundamentally means turning something real; real estate, art, commodities, or any asset that has tangible value, and turning it into a digital token on a blockchain. Tokens stand for separate rights of ownership to (or use of) some tangibles, which can be as easily traded, bought, or sold as cryptocurrencies.

Rexas Finance is taking the lead in this sector by facilitating the purchasing of valuable assets by ordinary investors. The development of blockchain technology makes it feasible to purchase properties on the platform from any position across the globe. Most importantly, it does not require the investors to acquire full ownership of the real estate, rather, they may acquire parts of the real estate that are proportionally equivalent to the amount which the investor is willing to commit.

This enables anyone to possess assets, hence even the property market, which not many could afford before, has opportunities to be accessed.

Having a Good Presale and Gaining the Enthusiasm of Potential Investors

Every presale stage always ends in a winning vote and the same undefined feeling conversation regarding Rexas Finance’s investor mood goes. That it was done in less than three days is an endorsement of the tremendous enthusiasm that people have for this project. Costing $0.03 per token, the early investors were able to envisage great profit as the platform tackles major issues in the real estate industry, including liquidity, accessibility, and high entry costs.

Rexas Finance’s model is rather interesting as it solves a particular problem that is present in societies. Traditional real estate investments usually may require too much capital and are accompanied by high transactional costs. With Rexas Finance, even a small investor can buy a slice of a property, so they do not have to wait until they raise millions of dollars to diversify their portfolio.

Why Investors Are Rushing In

Several reasons can explain why there is a rush to procure Rexas Finance:

Global Real Estate Access: Enhanced accessibility of the platform is perhaps the most attractive feature for the users because they can now invest in any piece of real estate available on the globe. Rexas Finance’s tokenization platform enables users to invest in real estate located anywhere in the world without leaving their homes, whether a property in New York or Tokyo. Any use of blockchain supports the transparent and verifiable nature of various transactions, thus reassuring the investors.

Dismissing the Traditional Way of Investing: The days when people hoard large amounts of money to buy real estate are long gone. At Rexas Finance, there is fractional ownership, which allows one to buy a small portion of a property. This opens the avenue for even small-scale investors who, after growing tired of stocks, wish to invest in real estate by investing a few hundred dollars, thereby making portfolio diversification easy for them.

Liquidity and Flexibility: The stated objectives of real estate investment primarily include long-term capital appreciation with rental cash flows; however, one of the main disadvantages of this approach is the liquidity restriction. Investing in real estate, in most cases, is for the longer term. The exception comes when there is a need to sell the property, as usually, it is time-consuming. However, Rexas Finance allows real estate to be bought and sold as if it were a share or a cryptocurrency by the method of asset tokenization. This is what the real estate market has been missing – liquidity.

Blockchain Technology in Action: Rexas Finance is not the next altcoin in the market; rather, it is a cutting-edge solution harnessed on this nonperforming asset. It addresses the needs of genuine investors and provides an easy, clear, and effective way of putting funds into physical properties. Such uniqueness of use makes Rexas Finance stand out among various altcoins in the market and therefore prepares it for exponential growth within the coming years.

Conclusion

In the competition among the giants of the blockchain market such as Solana and Cardano, Rexas Finance enters as a new player focused on providing a useful purpose within the sphere of crypto. Its innovative concept of RWA tokenization and the successful presale, on the other hand, the potential to widen the real estate investing market are essential elements that make it a desirable investment. The central and dealing which, according to Wall Street analysts, may expand by 7500%, RXS will no doubt be one of the loudest success stories in the upcoming bull market.

If you are experienced in cryptocurrency trading or if you are just entering the market, Rexas Finance is very likely to give you the possibility to make investments in the promising future of asset tokenization. Rexas Finance is allowing such a new world of investment, global and decentralized nursing the comfort of owning real estate from anywhere and at any implementation barrier.

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

Website: https://rexas.com

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

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

Telegram: https://t.me/rexasfinance

The price found support at the $121 mark and has had a brief rebound ever since.

At the time of writing, SOL is trading at $134.07, down 2.06% in the last 24 hours.

Using the cross-chain technology developed by the Wormhole Foundation, Worldcoin has announced the introduction of World ID integration for Solana. World ID now has even more possibilities for app developers thanks to the integration with Solana.

Founder Anatoly Yakovenko of Solana made an unexpected reference to Satoshi in a recent tweet, stating that Solana is a Bitcoin L2 supported but not backed by Satoshi. Perhaps the Solana creator is alluding to a link between the two blockchains, or he is trying to say that Bitcoin is an inspiration for Solana’s architecture.

A “break-through moment” and a surge in users have occurred on the Solana network after the blockchain implemented liquid staking. Bybit, a prominent cryptocurrency exchange, recently released a report claiming that the liquid-staked SOL will attract large numbers of users and speed up the process of retail users joining the ecosystem.

Bears in Control

There is mounting adverse sentiment for Solana (SOL), and the market activity suggests a possible drop. At the time of writing, SOL is trading at $134.07, down 2.06% in the last 24 hours as per data from CMC. Moreover, the trading volume is down by 4.47%. 

The price found support at the $121 mark and has had a brief rebound ever since. However, the price failed to clear above the $140 mark recently and has been facing bearish pressure.

In the near future, we may see Solana prices rise to the $159 to $163 region if they manage to break over the $140 barrier and stay there. This would likely indicate the beginning of a bullish trend. Conversely, if the price falls below $129 level, then it will likely retest $121 support level. Breaking below this level, will likely see price testing $110 support level.

Solana has long been the golden child of the blockchain world, dazzling developers and investors with its swift transaction speeds, impressive scalability, and cost-efficient operations. But as the blockchain universe keeps expanding with a slew of new contenders, BlockDAG is stepping up, hinting at a potential to offer 30,000x ROI for its holders.

BlockDAG is blending top-tier technology with tight security and intuitive features, positioning itself as the new darling for tech developers and everyday users. Let’s unpack the BlockDAG vs Solana showdown, examining why BlockDAG might just dethrone Solana and why it’s becoming the platform of choice for meme coin ventures and other innovative blockchain projects.

Speed & Scalability Face-off: BlockDAG vs. Solana

Solana’s claim to fame has been its ability to blitz through up to 65,000 transactions per second (TPS), making it the go-to infrastructure for decentralized apps (dApps) and decentralized finance (DeFi) projects. However, Solana’s meteoric rise hasn’t been without its hiccups—its network stability has been tested, with several outages sparking concerns over its reliability for the long haul.

On the flip side, BlockDAG introduces a novel scalability solution. By adopting a Directed Acyclic Graph (DAG) architecture, it processes transactions in parallel, boasting what could be considered unlimited scalability. As more users join, BlockDAG is designed to handle the surge without a hitch, maintaining both speed and stability.

Unlike Solana, BlockDAG’s design smartly sidesteps any bottlenecks, ensuring that it holds up under any load. This robust infrastructure positions BlockDAG as a more reliable and sustainable platform going forward.

Meme Coin Mastery: Why BlockDAG Outpaces Solana

Meme coins have exploded onto the scene, captivating developers who rush to platforms known for quick and cheap transactions. Solana has been a hotspot for such activities. Yet, BlockDAG is carving out a niche here too, offering a slew of advantages that might make it the new favorite for developers.

With BlockDAG’s advanced low-code/no-code platforms, developers can whip up unique tokens with ease—no heavy coding required. This contrasts sharply with Solana’s more technical demands, offering a breezier, more accessible route for creative developers aiming to launch the next big meme coin.

Forecasting the Future: Solana and BlockDAG’s Price Trajectory

While Solana has hit highs of $260, recent market tremors have raised eyebrows about its long-term standing. Meanwhile, BlockDAG’s presale fireworks—with a cool $72.5 million raised—signal it as a formidable player on the blockchain field.

Market pundits are watching BDAG, BlockDAG’s native coin, predicting it might turn out to be one of the few crypto assets that can return profits in the tune of 20,000x to 30,000x, given the platform’s innovative edge and growing popularity, especially among developers and users keen on meme coins and dApps.

Solana, currently around $160, is at a crossroads, facing stiff resistance levels. Analysts whisper about potential dips unless it can keep its momentum. In contrast, BlockDAG’s trajectory looks promising, buoyed by its technological prowess and presale success.

Is BlockDAG the ‘Solana Killer’ Everyone’s Talking About?

Solana has indeed sculpted its mark on the blockchain landscape, but it’s not without its flaws. Network issues, a hint of centralization, and complex tech have cracked open the door for a challenger. Enter BlockDAG—with its scalable, secure, and user-friendly approach, it’s poised to possibly knock Solana off its perch.

BlockDAG not only offers a robust platform for meme coins and other blockchain innovations but does so with an ease that makes it especially appealing for developers. Coupled with a burgeoning community and a vibrant start in presales, BlockDAG’s future looks bright. For those hunting for a blockchain solution that doesn’t just keep up but sets the pace, BlockDAG could well be your answer.

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.

Rexas Finance (RXS) is a surprise for investors looking towards the highly unpredictable world of cryptocurrencies. After once moving into Ethereum Operative Real World Asset (RWA) Tokenization, it is beginning to grow in the DeFi industry where it seeks to change how we manage and trade assets using innovative blockchain technology.

The initial presale was offered at a price under  $0.10 per token and a receptive of demand previously unknown to Rexas Finance (RXS) has been extended in all directions. People are in a hurry to invest since it is said that Rexas Finance (RXS) can reach $15 in 2025 and many believe this could be a game changer in the industry.

The Surge in Demand During Presale

While many crypto projects struggle during presales, Rexas Finance (RXS) attracted significant interest from both retail and institutional investors. Priced at $0.04 in its second stage and approaching its third stage with the price projected to enter $0.05, it was viewed as a long-term accumulation opportunity, leading to huge demand due to anticipated future price appreciation before its official release

Rexas Finance (RXS) has a strong and well-thought-out technological base as well as a clear vision for its future. The increase in demand for the RWA token arises from the opportunities and added advantages offered by the illiquid RWA assets.

How RXS Aims to Hit $15 by Early 2025

Rexas Finance (RXS) anticipates reaching $15 by early 2025, driven by the expanding RWA tokenization market. With trillions in real-world assets yet untokenized, Rexas Finance (RXS) sees a vast market opportunity as industries increasingly adopt digital tokenization, transforming traditional assets like real estate into blockchain-based forms.Rexas Finance (RXS) intends to implement interfaces with leading DeFi platforms and exchanges, increasing reach and liquidity. Real estate and commodities institution partnerships will aid in the adoption of an easy-to-use RWA trading platform on Ethereum and will lower the barrier for investments hence making Rexas Finance (RXS) more attractive to wider investors.There is a ceiling on how many Rexas Finance (RXS) tokens are authorized for production, which means that whenever there is a higher demand, the value of the tokens will increase. This shortage is what the initial investors are looking to harness for capital appreciation.

Real-World Asset Tokenization: The Next Big Thing in Crypto?

Real-world asset (RWA) has grabbed significant attention for its tokenization dominated by projects like Rexas Finance (RXS). It helps to bring liquidity to once illiquid markets thus making it easier for more people and investors to participate and invest where before only a handful have access to.Since all intermediaries are cut off as a result of trade tokenization, trading costs are significantly less and there is increased transparency in the overall transaction process. For instance, tokenized real estate allows any person from across the globe to invest regardless of all intermediaries, while tokenization of bonds opens up previously monopolized markets to small investors.

Risks and Considerations

Despite the prospects of Rexas Finance (RXS), potential investors should however consider factors that involve risks that accompany investments in cryptocurrency. Rexas Finance (RXS) has continued to call potential users with its strong presale performance, but practically speaking, the price shall be subject to changing market conditions, and infrastructural regulation as well as emerging stiff competition from similar tokenization ventures.A key consideration for Rexas Finance (RXS) is the regulatory landscape of RWA tokenization. Varying regulations across countries on trading and ownership of tokenized assets could pose challenges, potentially creating roadblocks for Rexas Finance (RXS) in certain markets and affecting its broader adoption and growth trajectory.

Conclusion

Rexas Finance (RXS) is all set to shake things up in the world of crypto through its real-world asset tokenization and a successful presale. Forecasts suggest that Rexas Finance (RXS), currently under $0.01 will hit $15 by early 2025.  Rexas Finance (RXS) has the potential to serve a major role in connecting traditional finance and decentralized finance.Those who are keen on making an early investment in what could be a potential innovation in blockchain technology can find Rexas Finance looking for you with a high-risk but equally high return on investment within the more familiar risks of the highly fluctuating cryptocurrency hub.

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

Website: https://rexas.com

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

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

Telegram: https://t.me/rexasfinance