A naukri.com initiative
Cryptocurrency News
Cryptopotato
14h
142
Image Credit: Cryptopotato
Aurora Labs Launches Incubator Program For EVM Developers on Near Protocol
- Aurora Labs has launched an incubator program named Aurora Blocks for EVM developers on the Near Protocol.
- The program aims to support early-stage teams building AVM-compatible Virtual Chains on Near by offering funding, mentorship, and business advisory.
- Partners of the program include blockchain venture capital firms, Web3 decentralized cloud services providers, security auditors, and other entities.
- The goal of Aurora Blocks is to launch 1,000 Virtual Chains by 2025, focusing on sectors like DeFi, AI, Bitcoin layer-2 networks, real-world assets, and decentralized physical infrastructure networks.
Read Full Article
8 Likes
Crypto-News-Flash
14h
58
Image Credit: Crypto-News-Flash
Tom Schmidt: The Low-Profile Investor With a Map of the Future
- Tom Schmidt is a low-profile investor with a deep footprint in the crypto industry, known for backing DeFi projects solving real-world technical problems.
- Having experience with 0x and Big Tech product roles, Schmidt prefers substance over hype in his investments.
- He joined Dragonfly Capital after working with 0x, Facebook, and Instagram, and has a background in Computer Science from Stanford.
- Schmidt's investment approach focuses on projects like DODO and Lido, aiming to simplify the complex and offer innovative solutions to existing problems.
Read Full Article
3 Likes
Newsbtc
14h
193
Image Credit: Newsbtc
Price Down, Bets Up: Dogecoin Open Interest Climbs To $1.62 Billion
- Despite a minor price pullback, interest in Dogecoin futures has surged to $1.62 billion, indicating persistent speculative positioning.
- Dogecoin's price recently rallied from $0.16 to over $0.24, then eased back to the $0.22–$0.23 range, with traders maintaining optimism about the upward trend.
- Funding rates remain positive, with futures traders mostly in long positions, potentially fueling a continued rally but also posing risks if the price declines.
- Market analysts are closely watching Dogecoin's support level around $0.22; holding above this point could lead to a potential move towards $0.27, while a drop below may invite short seller pressure.
Read Full Article
11 Likes
Bitcoinist
14h
299
Image Credit: Bitcoinist
Bitcoin To Replace US Dollar In ‘10 Years,’ Says Legendary Investor
- Tim Draper, a legendary BTC investor, predicts that Bitcoin will replace the US dollar within a decade, citing it as a better technology than government-issued currency.
- Draper believes a tipping point towards the Bitcoin standard will occur by 2035, as trust in banks and sovereign currencies diminishes and people seek a non-inflationary alternative.
- He emphasizes Bitcoin's fixed supply and the potential for global, permissionless commerce, contrasting fiat currencies that are prone to debasement.
- Regulatory support and institutional demand are seen as key drivers of Bitcoin's growth, with Draper foreseeing BTC potentially reaching $250,000 by 2025 and eventually surpassing the dollar's value.
Read Full Article
17 Likes
TronWeekly
14h
313
Image Credit: TronWeekly
Solana: Private DEXs Like SolFi and ZeroFi Capture 60% of Jupiter Volume
- Private execution DEXs like SolFi and ZeroFi dominate Solana's swap volume through Jupiter.
- These DEXs sacrifice composability for performance using vault-based liquidity and oracle pricing.
- Upcoming Solana upgrades may level the playing field for public DEXs once again.
- Solana's DeFi ecosystem has shifted to private DEXs with vault-based execution, altering liquidity dynamics on the chain.
Read Full Article
18 Likes
Coin Telegraph
14h
361
Image Credit: Coin Telegraph
Here’s what happened in crypto today
- UBS reports that high-net-worth clients in Asia are shifting from US dollar assets to gold, crypto, and Chinese markets due to rising geopolitical uncertainty and market volatility.
- Tether injected $458.7 million worth of Bitcoin into Twenty One Capital, boosting the firm's total Bitcoin holdings significantly and positioning it as one of the largest public companies in terms of Bitcoin holdings.
- VanEck is launching its first tokenized fund backed by US Treasurys in partnership with Securitize, joining other traditional finance firms in the RWA tokenization space.
- The newly launched VBILL fund by VanEck will provide exposure to US Treasury bills and will be available on multiple blockchains, with minimum subscriptions starting at $100,000.
Read Full Article
21 Likes
Crypto-News-Flash
14h
21
Image Credit: Crypto-News-Flash
TikTok Owners Behind Massive $300M Investment in Trump Coin
- GD Culture Group, owner of TikTok, has invested $300 million in TRUMP coin, causing its market cap to soar to $2.72 billion.
- TRUMP's price is currently consolidating above $13, with analysts predicting a climb to $24.58 in the future.
- The investment by GDC Group will further solidify its presence in blockchain and DeFi, driving digital transformation through AI Catalysis.
- Ahead of the upcoming Trump crypto dinner on May 22, excitement around TRUMP coin is growing, supported by recent investment developments.
Read Full Article
1 Like
Cryptoninjas
14h
197
Image Credit: Cryptoninjas
South Korea’s Largest Crypto Exchange Upbit to List Nexpace: New Token from MapleStory Universe Set to Make Waves
- Upbit, South Korea's largest crypto exchange, is set to list Nexpace (NXPC), a token tied to MapleStory Universe by Nexon.
- NXPC will be available for trading with KRW, BTC, and USDT pairs, with deposits and withdrawals supported on the Avalanche C-Chain network.
- The token serves various functions within the Henesys L1 ecosystem, including gas fees payment, NFT minting, and reward distribution.
- Upbit imposes trading limitations upon launch, such as no buy orders for the first 5 minutes and a requirement for liquidity.
- NXPC's multi-chain compatibility and tie to a gaming economy make it stand out in the blockchain gaming space.
- Upbit's move to list NXPC early signifies a focus on next-generation gaming tokens, aligning with trends seen in other Asian exchanges.
- NXPC's architecture supports multi-chain expansion and NFT use in MapleStory Universe, enhancing real asset control for gamers.
- Upbit emphasizes compliance and user protection, enforcing strict travel rule checks and verifying contract addresses for NXPC transactions.
- The listing of NXPC on Upbit highlights the exchange's push towards bridging traditional gaming IPs with blockchain communities.
- This strategic move could mark a significant step in crypto gaming adoption and the integration of blockchain within the gaming industry.
Read Full Article
11 Likes
Coinpedia
15h
324
Image Credit: Coinpedia
What Next For Dogecoin, XRP, Remittix and Solana Price?
- Solana price is stabilizing after a strong rally, while Dogecoin is gaining momentum towards the goal of $0.2650.
- XRP is expected to surpass $3 with bullish momentum, benefiting from its institutional ties and usefulness in cross-border payments.
- Remittix (RTX) is attracting attention for its practical utility in real-life applications, aiming to revolutionize cross-border finance with seamless crypto-to-fiat on-ramp.
- In a market marked by divergence and technical indicators, Dogecoin, XRP, Solana, and Remittix all present unique investment opportunities with different growth trajectories.
Read Full Article
19 Likes
Dev
15h
324
Image Credit: Dev
How Crypto Billionaires Spend: Signals of Power, Branding, and Strategy
- Wealth in crypto circles is being spent in unconventional and symbolic ways to shape influence, personal brands, and narratives in the tech and Web3 ecosystems.
- Crypto billionaires follow strategic archetypes like the Minimalist Builder, Public-Facing Strategist, and Showman Investor for wealth allocation.
- Examples of unconventional spending include a treasure hunt with $2 million prizes, private financing of a $55 million SpaceX mission, and staged art performances by prominent figures like Justin Sun.
- Strategic spending choices in crypto not only reflect economic decisions but also serve to create brand identity, cultural impact, and global positioning for individuals within the industry.
Read Full Article
19 Likes
Dev
15h
113
Image Credit: Dev
Citi Predicts Stablecoins Will Become Part of the Mainstream Economy
- Stablecoins, digital assets pegged to stable currencies like the US dollar, are forecasted by Citi to become a significant part of the global financial system, reshaping how money is held, moved, and managed.
- Originally designed for crypto traders, stablecoins are now being utilized in payments, remittances, and business liquidity management, with potential use in replacing a portion of currency reserves and facilitating various financial transactions.
- Citi predicts the stablecoin market to grow from $250 billion to $1.6 trillion by 2030, with key drivers including increased global payments, substitution for physical cash, adoption in tokenized financial transactions, and demand in regions with unstable currencies.
- However, regulatory clarity is essential for stablecoin growth, as uncertainties and integration challenges could hinder progress. Despite challenges, Citi envisions stablecoins becoming a cornerstone of the mainstream economy by the end of the decade.
Read Full Article
6 Likes
Zycrypto
15h
62
Image Credit: Zycrypto
Thailand Announces Digitised Government Bonds Called ‘G-Token’ For a Low Threshold Price
- Thailand plans to issue digitized government bonds, called G-Tokens, worth $150 million to make investments more accessible for the public.
- The G-tokens will enable Thai citizens to buy bonds at an affordable price, offering returns higher than traditional savings accounts.
- The issuance of G-tokens will be available on licensed crypto exchanges, with an initial offer of $150 million, aimed at stimulating growth and public sector funding.
- The low threshold of G-tokens, starting from 100 baht, aims to make financial investments more accessible for low-income individuals and improve financial literacy among the general public.
Read Full Article
3 Likes
Zycrypto
15h
281
Image Credit: Zycrypto
India Warns Crypto exchanges about Illicit Funds Associated With Kashmir and Jammu Regions
- India's Financial Intelligence Unit (FIU) has alerted crypto exchanges to monitor transactions associated with Jammu, Kashmir, and surrounding areas due to concerns of potential terror threats and funding military operations using crypto.
- The FIU specifically mentioned Pahalgam tokens and Operation Sindoor on the Solana blockchain as areas of interest and requested exchanges to be vigilant about terror funding and money laundering activities.
- Indian authorities are apprehensive about private wallets that operate beyond the oversight of regulators, leaving room for potential misuse in financing military operations, prompting the FIU to urge exchanges to report crypto activities related to border regions.
- The Enforcement Directorate recently conducted raids related to a scam cryptocurrency called 'Emollient Coin' in Leh, Jammu, and Sonipat, unveiling a network of fraudulent crypto activities involving money laundering and investment fraud.
Read Full Article
16 Likes
Crypto-News-Flash
15h
241
Image Credit: Crypto-News-Flash
SHIB to the Moon? Shibarium Could Trigger Massive Rally with 10% Ethereum TVL Share
- Shiba Inu (SHIB) could see a significant upsurge with Shibarium’s TVL aiming for 10% of Ethereum’s TVL.
- SHIB has experienced impressive price gains recently, with a 30% surge in the last 30 days and currently priced at $0.00001587.
- Analysts predict SHIB's price could reach $0.01 with increased adoption and supply elimination, while Shibarium's TVL may need to grow over 2000 times to reach 10% of Ethereum's TVL.
- Technical analysis suggests SHIB could reach $0.00075 in the medium term, with a bullish round bottom pattern forming on its chart.
Read Full Article
14 Likes
For uninterrupted reading, download the app