Day: February 1, 2024

Germany’s DZ Bank set to pilot crypto trading

DZ Bank, Germany’s 2nd largest, will pilot crypto trading for cooperative banks.
The initiative aims to meet rising customer demand for direct access to cryptocurrencies.
DZ Bank’s move reflects a broader trend of traditional banks embracing digital assets amid institutional adoption.

Germany’s DZ Bank, the country’s second-largest financial institution serving approximately 700 cooperative lenders, has announced plans to roll out a cryptocurrency trading pilot later this year. The pilot aims to provide customers with direct access to a variety of cryptocurrencies, including Bitcoin, without the need for financial advice.

The initiative aligns with the bank’s commitment to innovation and meeting the growing demand for digital asset investment options. It also aligns with the broader trend of traditional banks embracing digital assets to meet the evolving demands of their customer base

DZ Bank’s crypto trading pilot program

According to the bank’s plan, each of the 700 cooperative banks associated with DZ Bank will have the autonomy to decide whether to offer cryptocurrency trading to their customers. This approach reflects the findings of a study by Genoverband, which indicates significant interest among banks in providing cryptocurrency solutions.

The initial plan involved partnering with DWP Bank for the cryptocurrency trading pilot, although there are speculations that new partners could join the venture.

DZ Bank’s foray into cryptocurrency trading follows its release of a cryptocurrency custody platform in November leveraging Ripple’s technology solution to offer secure storage and processing of digital assets. DZ Bank had previously announced its partnership with Swiss custody tech firm Metaco before it was acquired by Ripple.

While the bank awaits a crypto custody license from the Federal Financial Supervisory Authority (BaFin), its collaboration with Metaco demonstrates a strategic approach to navigating regulatory requirements while innovating in the digital asset space.

Moreover, DZ Bank’s move to roll out a crypto trading pilot program comes at a time when institutional adoption of cryptocurrencies is on the rise globally. Institutions like BlackRock and Fidelity securing approval for spot exchange-traded fund (ETF) applications in the US underscores the growing acceptance of digital assets within the mainstream financial sector.

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Bitget BTC halving study: 84% investors predict Bitcoin will hit a new ATH

Bitget’s report reveals that 84% of survey participants predict Bitcoin (BTC) will hit a new all-time high in 2024.
About 70% say they have plans to add to their crypto investments as they eye the next bull run.

Bitget, one of the crypto exchanges to see remarkable growth in 2023, has released findings of a new study on Bitcoin’s upcoming halving, which shows an overwhelming majority of investors are bullish on the flagship cryptocurrency post-halving. 

Nearly three quarters say the potential for Bitcoin price to skyrocket to a new high weighs on their plans to add to their investments in 2024.

The crypto exchange shared the findings of the survey in a report published today, Thursday, February 1.

Bitget’s study – an overview

An analysis of anonymized data that focused on investors’ perceptions around Bitcoin’s upcoming halving and how this impacted their investment decisions showed that the market is largely bullish on BTC.

Here’s a highlight:

84% of survey participants the next bull run will see Bitcoin price surpass its previous all-time high of $69,000. Only Europe had a percentage lower than 80% among all regions.
Over 50% of all respondents predict BTC will be between $30k and $60k by halving (expected around April 2024. 30% of participants think it could be higher than $60k.
About 70% of respondents said they have plans to add to their crypto investments. Highest conviction was expressed across MENA and East Europe.
Western European investors are largely “short-term cautious” and “long-term optimistic”.

2024 could be significant for Bitcoin, Bitget’s Gracy Chen says

According to Bitget, a diverse global demographic group of investors participated in the study. In total, 9,748 individuals drawn from across West Europe, East Europe, South East Asia, East Asia, MENA and Latin America shared their views and predictions for BTC pre-halving and post-halving.

Other than the above highlights, the report also shows 55% of participants see Bitcoin price in the $50k-$100k post halving in 2024. A smaller percentage predicts a run to above $150k. More people in West Europe, 51%, expressed this expectation.

Commenting on the findings, Bitget Managing Director Gracy Chen said: “The Bitget Study on BTC halving impacts provides valuable insights into the evolving landscape of cryptocurrency investment. The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market.

Bitcoin traded at $42,700 on February 1, 2024, up 6.9% in the past week. Following declines in January, the benchmark cryptocurrency was 5.8% down in the past month. 

However, analysts at Standard Chartered Bank are among those to point to a bullish run for the digital asset, which reached highs of $49k amid the spot Bitcoin ETF euphoria. Analysts at the bank predicted last year that BTC could rally to highs of $120k by end of 2024.

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SatoshiVM Dumps Millions, Sending Price into Freefall; $GFOX ICO Tipped as Best of 2024

Navigating the volatile crypto landscape requires strategic skills and a keen eye for emerging opportunities. Here we examine the calculated maneuvers of a trader exploiting SatoshiVM’s token launch and the promising ascent of Galaxy Fox‘s best upcoming ICO, heralded as the standout investment prospect of 2024. 

Banana Gun’s Tactical Triumph

The trader initiated their foray into the SatoshiVM token with a calculated bribe fee of 141.66 $ETH, securing the coveted first position during the opening phase. With Banana Gun in action, they invested 277.66 Ether (equivalent to $681,000), acquiring 2.61 million $SAVM tokens.

The astute move followed as they opportunistically sold 2.16 million tokens for an impressive $4.38 million while retaining ownership of 450,000 $SAVM tokens valued at an anticipated $3 million. This well-timed exit translated into a staggering profit of approximately $6.77 million.

The trader gained recognition for their financial prowess, but ethical debates emerged around the use of bribe fees and speculation about potential ties to SatoshiVM’s development. Introduced in July 2023, Banana Gun, despite its efficiency, has faced scrutiny – with reports of funds mysteriously disappearing post-sniping activities.

$GFOX ICO Tipped as Best of 2024

Amidst the ups and downs of the crypto market, investors are actively seeking the next big opportunity. In the optimistic projections for 2024, one standout candidate for the best upcoming ICO is Galaxy Fox. This project is positioned as one of the best Play-to-Earn (P2E) platforms and a beacon of potential value for investors.

Galaxy Fox: A P2E Powerhouse

Galaxy Fox offers users not just entertainment but rewards for playing its endless runner game. Built on blockchain technology, the platform ensures transparency and fairness. Beyond gaming, Galaxy Fox presents diverse earning opportunities, such as staking, burn tokenomics, and the coolest NFT minting and selling.

$GFOX, the native token of the Galaxy Fox ecosystem, holds a limited supply of 5 billion, making it a coveted asset for various activities on the platform. Its ongoing presale is in Stage 7, with each token priced at $0.00198. 

With over $3 million raised and 2.4 billion tokens in the hands of early investors, the project is gaining momentum. The next stage looms with a token price of $0.002178.

Why $GFOX Stands Out

Analysts tout Galaxy Fox as the best crypto to buy in 2024, predicting its potential to surge by 100x and outperform established tokens. The project’s commitment to transforming the gaming sector and the broader crypto market sets it apart. Security-conscious investors can take comfort in the project’s completion of token audits by Crypto Hub, a leading auditing company, reducing the risk of a rug pull.

The ongoing presale, having already crossed the $3 million milestone, signals immense demand for $GFOX and its accompanying features. Investors looking for the best cheap crypto to buy right now, with the potential for significant growth, are urged to act swiftly before the presale concludes.

Conclusion: Seize the Opportunity with Galaxy Fox

Recent events with SatoshiVM highlight the need to stay alert. But along with dodging pitfalls, it’s also important for investors to spot those big chances. 

Cue Galaxy Fox – the front-runner in the best upcoming ICO list of 2024. The $GFOX presale’s in full swing, making it prime time to think about jumping into the Galaxy Fox community.

Head to the Galaxy Fox website. There, you’ll get the latest updates on the presale, the ins and outs of its tokenomics, and the game-changing potential of this P2E powerhouse. For real-time updates and discussions, hop over to the Galaxy Fox Telegram.

Crypto’s a rollercoaster, and Galaxy Fox might just be that thrilling ride you’ve been looking for. Don’t snooze – act now and secure your spot in the future of gaming and crypto coolness. Your adventure is calling – don’t miss it!

Learn more about $GFOX here:

Visit Galaxy Fox PresaleJoin the Community

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NuggetRush Draws Major Investment, Outshining Bonk and Conflux in Market Capitalization

TLDR

BONK is now trading well below its December-2023 highs.

Conflux (CFX) will partner with BlockBooster to increase DeFi services in China.

NuggetRush’s (NUGX) presale has raised over $2 million since its launch.

BONK’s growth has slowed significantly since the turn of 2024. Conflux (CFX) has announced a partnership with a metaverse network.

Still, analysts say NuggetRush (NUGX) looks like the more exciting gaming project. It contains an NFT-filled mining expedition where gold rewards are on offer. Yet, can this make NuggetRush (NUGX) one of the top DeFi projects? Join the discussion.

>> Buy NuggetRush Now <<

NuggetRush Tops List of High-Performing Blockchain Adventure Games

NuggetRush (NUGX) is an NFT gaming experience that allows players to complete mining tasks for financial rewards. The project comprises a unique collection of real-world utilities set in a mining world where players explore a mineral-filled ecosystem. They are tasked with turning empty lands into profitable mining businesses.

To complete NuggetRush’s (NUGX) challenges, you need a team of skilled miners and entrepreneurial NFT characters. Each character has varying skills and luck, so the kind of characters you choose will determine the ease of completing mining tasks.

Players with higher mining efficiency stand to win better rewards. NuggetRush (NUGX) enables you to increase your efficiency by buying quality machinery, recruiting better workers, and participating in group tasks. Owing to the varying scarcity, gamers can sell NFT rewards they earn for a high value. Players are also eligible for attractive interest rates when they stake NuggetRush (NUGX) NFTs.

NuggetRush’s presale is now in round five after witnessing an 80% rise from its round one value. NUGX cost $0.010 in round one. Since then, investors have acquired nearly 167 million tokens. NUGX also grew by 80% to 0.018 by round five of its presale. NUGX, which is set to rise by 11.1% to $0.020, will be listed across decentralized exchanges.

>> Buy NuggetRush Now <<

BONK Loses December Gains Amid Sharp Downturn

Data from CoinMarketCap has shown a significant decrease in BONK’s performance since early January. The report showed that BONK’s market capitalization fell from $1.4 billion in mid-December to around $750 million by late January.

BONK’s decline coincided with the market fall that reduced Bitcoin’s value. As of December 15, BONK traded at $0.00002356. It fell by 36.5% to $0.00001494 by January 1. BONK continued its bearish decline, falling by 22.0% to $0.00001164 on January 27.

BONK’s trading activity has risen in the final weeks of January. Yet, analysts say BONK might not recover to its late 2023 highs due to increased competition from other community-driven meme coins. BONK still surpasses PEPE in market capitalization. Yet, analysts say it might fall by 11.4% to $0.00001031 if competition in the meme coin industry remains high.

Conflux Network Could Recover Following Partnership with BlockBooster

Conflux (CFX) has announced a strategic partnership with Asia-based BlockBooster. Via the partnership, Conflux (CFX) will collaborate on building Web3 infrastructure, amongst other social and gaming projects. Conflux’s (CFX) partnership could also help spur a market recovery for the coin.

CFX’s January 1 price was $0.1930. It fell by 5.6% to $0.1820 on January 19. CFX jumped by 17.1% to $0.2132 on January 27, two days after announcing its mega partnership with BlockBooster.

Conflux is the top blockchain network in China, with a market capitalization of $809 million. It enjoys a unique relationship with China, being the only government-approved network. 

Analysts say Conflux’s (CFX) recent partnership could help solidify its dominance in Asia. Furthermore, it could boost Conflux’s trading activity, pushing CFX up by 43.1% to $0.3052. If CFX rises further, it could be one of the top crypto coins.

Visit NuggetRush Presale Website

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Flipster Launches New Earn Pool Feature Allowing Users to Earn Up To 10K USDT Daily on Their Crypto

Warsaw, Poland, January 30th, 2024, Chainwire

Flipster, the number one trading platform for altcoin liquidity and the fastest-growing crypto derivatives platform, has finally announced its Flipster Earn Pool campaign. First teased in December last year, the trading platform had been slow with news on this highly anticipated addition. The launch was worth the wait, as the platform is promising users the chance to earn up to 10K USDT a day* (at launch on 1st of February) on USDT held in their Flipster accounts.

As a derivatives-first platform, a fair criticism of Flipster has been the lack of options to do with funds between significant events.

Flipster’s CEO Yongjin Kim says, “With Flipster Earn Pool users can know their funds are safe and working for them on our platform while they wait for their next investment move. As a trader, I understand you can’t always feel confident leaving money in positions. Flipster Earn Pool lets you potentially make income on Flipster even when you’re not actively trading.”

Traders choose to have a Flipster account for big opportunities on altcoin derivatives and trading competitions. The brand has built a reputation for thick liquidity on altcoins that is unmatched by any competitor. While the platform is considerably new, this USP is directly associated with successfully drawing top derivative traders to its app. Flipster Earn Pool aims to appeal to users interested in the opportunity to potentially earn passive income while they wait for their next big trade, potentially contributing to an increased user base over time.

The platform is committed to regularly offering the world’s first perpetual futures listings on tokens that have just dropped spot listings on major exchanges. Recent examples include ACE, MANTA, ALT and DMAIL, which all had a perpetual futures listing on Flipster within four hours of a spot listing on a top crypto exchange.

According to Ben Rogers, Head of Marketing: “When MANTA was launched, some users quickly turned the excitement into significant profits, with one user gaining $7,675 USDT from a single trade. ALT saw similar success, with a user seeing a trade return profit of $5,789 USDT. When publishing, the greatest return on an altcoin trade on Flipster is reported at $52,310 USDT on ACE, which also had the world’s first PERP on the platform. DMAIL will have its PERP world premiere this week, and the business is confident that some users may see similar results as they turn news into leveraged trades on Flipster”.

The difference now is that users can potentially earn up to 10K daily on the funds in their Flipster wallets and profit from trades.

Flipster Earn Pool will calculate interest daily from a total shared prize pool of 10K USDT, and users can check what they have earned in their funds on Flipster’s website. To be eligible for returns from day one, users should ensure they have USDT in their Flipster account by UTC 00:01 on February 1st and meet the daily trading requirement. As it will take time for word to spread about the new offer, early participants can potentially earn returns on their idle funds.

About Flipster

Flipster is the fastest-growing crypto derivatives platform in the world. The easy-to-use app gives users an all-in-one experience with leverage of up to 100x on a wide selection of over 200 tokens. Considered best in class for altcoin liquidity, top tokens like BTC and ETH are also available. Users can make instant flips, monitor their portfolios, and capitalize on market movements—anytime, anywhere. Users can get started at flipster.xyz. For media enquiries or interview requests with the team, don’t hesitate to get in touch with pr@flipster.xyz or keep updated with Flipster’s blog. *Subject to terms and conditions which can be found on: https://flipsterxyz.zendesk.com/hc/en-us/articles/8902043575695-Flipster-Earn-Campaign-240201

Flipster is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

Contact

Head of Marketing
Ben Rogers
Flipster
pr@flipster.xyz

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LayerZero and Delegate launch Clusters, a multichain naming protocol

LayerZero announced its LayerZero V2 upgrade three days ago with enhanced cross-chain interoperability with Universal Messaging and Modular Security.
Clusters introduces a multichain naming protocol for seamless blockchain address management.
Delegate’s expertise in address management ensures security and reliability in the Clusters ecosystem.

LayerZero Labs, in collaboration with Delegate, has announced the launch of Clusters, a groundbreaking multichain naming protocol designed to streamline user interaction across various blockchain networks.

With this innovative solution, users can maintain a consistent identity and manage their blockchain addresses seamlessly, transcending the limitations of individual chains such as Ethereum, Polygon, Avalanche, and Solana among other EVM chains.

Your universal name.
For the multichain maxis.

Feb 1, 10am ET pic.twitter.com/nCOiAqrjnU

— Clusters (@clustersxyz) January 31, 2024

The Clusters Protocol 

Clusters is set to revolutionize the landscape of blockchain naming protocols. Unlike traditional solutions like the Ethereum Name Service (ENS), Clusters offers a cross-chain, multi-wallet naming protocol, catering to the needs of multichain enthusiasts.

LayerZero’s technology serves as the backbone of Clusters, facilitating seamless message flow between different blockchains. It is important to note that Cluster will benefit from the recent LayerZero V2 upgrade which brings on board advancements in cross-chain interoperability and application development with the key feature being Universal Messaging, enabling the seamless transmission of diverse message types across over 20 blockchain networks.

LayerZero’s integration allows Clusters to maintain accuracy across millions of names and billions of wallet addresses, ensuring a smooth and reliable user experience. Moreover, LayerZero’s Permissionless Execution feature empowers individuals to participate in the operation of the protocol, promoting decentralization and community involvement.

On the other hand, with its experience in managing blockchain addresses through Delegate Cash, Delegate brings a wealth of expertise to the development of Clusters. Delegate’s technology has already secured nearly $1 billion worth of assets across thousands of wallets, providing users with confidence in the security and reliability of the Clusters ecosystem. Major NFT projects, including Yuga Labs and Azuki, have already integrated with Delegate’s technology, underscoring the platform’s relevance and adoption within the blockchain community.

By providing a universal naming protocol that spans multiple chains, including Ethereum, Avalanche, Plygon, Solana, and other EVM-based networks, Clusters addresses critical issues such as address fragmentation, wallet management complexity, and domain squatting. This innovative solution enables users to maintain a consistent identity and interact seamlessly with decentralized applications and protocols across diverse blockchain ecosystems.

The post LayerZero and Delegate launch Clusters, a multichain naming protocol appeared first on CoinJournal.

Astar Network announces mainnet launch for its Polygon-powered zkEVM

Astar zkEVM mainnet is set to go live this month.
A launch campaign dubbed “Yoki Origins” will commence immediately after the zkEVM mainnet

Astar Network, a multi-chain smart contracts and Web3 infrastructure platform, has announced the mainnet launch of Astar zkEVM, a new Layer 2 scaling solution for Ethereum. Astar zKEVM is a zero-knowledge Ethereum Virtual Machine- compatible L2 powered by Polygon’s Chain Development Kit (CDK).

Popular in Japan and expanding across the globe, Astar Network, is the cross-virtual machine network that leverages Polygon and Polkadot technologies. 

The platform revealed plans for the Astar zkEVM mannet launch last month, highlighting the benefits that compatibility with Ethereum smart contracts, toolset and wallets will bring to its growing community.

Astar zkEVM to go live in late February

According to Astar Network’s press release today, the new zkEVM L2 is expected to go live later this month, with its launch bringing a secure, scalable and gas-efficient blockchain platform to Web3 projects and enterprises.

Already, Polygon-based DEX platform Quickswap, omnichain interoperability protocol LayerZero, blockchain data indexing protocol The Graph and Rarible, an aggregated NFT marketplace, are some of the top projects that currently tap into Astar zkEVM.

Several leading Japan-based enterprises are also set to integrate with Astar zkEVM.

Astar Network is proud to be an early pioneer in the use of Polygon’s zero-knowledge technology and Chain Development Kit to enter the Ethereum ecosystem. Astar zkEVM will establish a bridge between Japan and the broader web3 ecosystem, with projects by top Japanese enterprises, famous IPs, and prominent industries to be unveiled soon,” Maarten Henskens, Head of Astar Network, said.

Yoki Origins – the Astar zkEVM mainnet launch campaign

Astar Network plans to roll out an incentive program dubbed ‘Yoki Origins’ immediately after the zkEVM platform goes live.

Yoki Origins launch campaign

The campaign program intends to provide access to Astar Network’s original characters, which are inspired by Japanese Yokais “Yokis. With over 40 Web3 projects, creators and enterprises involved, the campaign will be a big chance for users to explore and interact across the Astar zkEVM platform.

As well as acquiring Yokis, users will have an opportunity to grab artwork by various artists, builders and enterprises. Users can acquire Yokis via Capsule Machines, or “Yo-Ports”.

Our 1st Edition Capsule is now open to the @XO_app community 👽

The first web3 friend-making app on Astar zkEVM.

1️⃣ Sign up below for your chance to claim your NFT capsule! 👇https://t.co/oMJCSK8g4U pic.twitter.com/EuM5xLk0ND

— Astar Network (@AstarNetwork) January 31, 2024

According to Astar, ”Yoki Origins” will support social logins as well credit card payments, making it possible for anyone to join and participate.

Commenting on the launch campaign aims to achieve, Henskens, noted:

The Astar zkEVM launch campaign “Yoki Origins” will help demonstrate the extent of our ecosystem’s reach, while celebrating our Japanese origins in a way that’s uniquely Astar.” 

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UwU Lend’s Expansion into New Markets with Curve Integration

UwU Lend, the decentralized and innovative lending platform, is proud to announce the return of the Curve ecosystem, along with its new stablecoin crvUSD!

Moreover, with this exciting step forward as one of the first lending platforms to add crvUSD. UwU Lend aims to support the stabilization and growth of the Curve ecosystem while offering users more diversified markets.

The Thrilling Curve Market Will Captivate Investors

CRV is the governance token of the Curve ecosystem that allows voting for liquidity pools on Curve in exchange for emissions and bribes. As such, users can now deposit their tokens on UwU Lend and earn interest in CRV tokens.

The APY will vary based on the utilization of the pool. Furthermore, borrowing CRV at a 50% LTV with a liquidation threshold of 60% is now possible, as well as looping to benefit further from the attractive APR. Also, a 10% bonus will go to liquidators.

This new opportunity is an excellent way for users to earn passive income on their CRV tokens while supporting the Curve ecosystem. With the low LTV and liquidation threshold, borrowers can confidently borrow CRV, knowing their assets are well-protected.

Introducing crvUSD: The Powerful Stablecoin That Revolutionizes the Market

Curve’s stablecoin, crvUSD, was recently introduced to the markets, and it is minted against collateral as debt with a variable interest rate, with deep liquidity (+100mm) on Curve. So, the interest rates ramp up when crvUSD trades below the peg to incentivize repayment and cool down when it trades near or at the peg to incentivize further borrowing.

The addition of crvUSD adds another stablecoin to those already available on UwU Lend.

As a result, it is now possible to deposit to earn interest and participate in UwU Lend’s revenue flywheel. Also, you can earn crvUSD and UwU tokens in interest and borrow against your crvUSD at an 80% LTV with a liquidation threshold of 85%, and a 5% bonus applies to liquidators.

Please note that you can mint or swap your crvUSD or borrow them against supported collaterals from UwU Lend’s partners at Silo.

About UwU Lend

UwU Lend is a decentralized finance (DeFi) platform that allows users to borrow, lend, and earn interest on their crypto assets. It is built on the Ethereum blockchain and uses smart contracts to automate transactions and eliminate the need for intermediaries.

Furthermore, UwU Lend offers a variety of features, including borrowing crypto assets, crypto lending to earn interest, yield farming, Automated Market Maker (AMM) trading, and many more.

One of the key features of UwU Lend is its decentralized nature, which means that transactions are executed directly between users without the involvement of a central authority. As a result, it reduces the risk of censorship or manipulation and enhances transparency and trust within the ecosystem.

Moreover, supporting this well-established Curve ecosystem is the first step towards more additions and possibilities for their UwU users while increasing the revenue shared with LP lockers.

Stay Updated

Learn more about UwU Lend by visiting the official website, and for the latest updates and news, be sure to check UwU Lend social media platforms, like X (Twitter), Discord, DeBank, and Reddit.

The post UwU Lend’s Expansion into New Markets with Curve Integration appeared first on CoinJournal.

Rebel Satoshi ($RBLZ) Shakes Up the Market, Becoming a Top Pick for Crypto Traders Alongside Manta Network (MANTA)

TLDR

Manta Network surges 53% in a week, but a pullback is imminent.

Rebel Satoshi continues attracting investors after surging 120% thus far.

As most top altcoins continue bleeding, Manta Network (MANTA) has performed incredibly well over the past week. As a result, investors are flocking to its market, hoping to make significant profits soon. Meanwhile, Rebel Satoshi ($RBLZ), an emerging meme coin, has performed well during its ongoing public presale after securing over $1.5 million thus far.

Why are investors embracing Manta Network and Rebel Satoshi? Continue reading to discover!

Manta Network Gains 53% in a Week: More Growth Coming?

Manta Network has performed impeccably over the past seven days. On January 22, MANTA was changing hands at around $2.44. After trading around this level for three days, MANTA gained momentum on January 24 after Manta Network announced via X that its TVL had surpassed $1.5 billion, making it the third-largest L2.

This bullish sentiment saw MANTA climb as high as $3.84 on January 28 before bulls got exhausted. As a result, MANTA experienced a slight pullback. By January 29, MANTA had stabilized at around $3.74. This price means MANTA has gained a whopping 53.28% in a week.

This impressive performance explains why investors are buzzing about Manta Network. But is MANTA a good crypto to buy now? 

According to experts, MANTA will record marginal losses to close the month at $3.73. Experts peg this prediction on MANTA plunging as the excitement about Manta Network being the third-largest L2 by TVL dwindles.

Rebel Satoshi Nears Launch After Entering Monarchs Round 4!

Rebel Satoshi, an upcoming meme coin that aims to eliminate centralization in the crypto space, has become the talk of the crypto-verse after raising over $1.5 million during its public presale. It is worth pointing out that Rebel Satoshi achieved this noteworthy milestone after the first four rounds of its presale sold out in less than three months.

This project’s rising popularity emanates from its unique mission to unite the silent majority and build a vibrant community that rebels against the unfair rules of centralized entities. Moreover, Rebel Satoshi attributes its success to its native $RBLZ token. Notably, $RBLZ offers investors access to the entire Rebel Satoshi ecosystem.

By January, Rebel Satoshi was in Monarchs Round 4 of its ongoing presale, with $RBLZ going for $0.022. Thus far, Early Bird Round investors that bought $RBLZ at $0.010 have realized a 120% ROI. This yield could increase to 150% when $RBLZ attains its listing price of $0.025.

On the other hand, Monarchs Round 4 investors will realize a 13.64% ROI when $RBLZ surges to $0.025. Furthermore, experts predict that $RBLZ will skyrocket when it gets listed on leading DEXs in February. This forecast makes $RBLZ one of the best crypto to invest in now!

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

The post Rebel Satoshi ($RBLZ) Shakes Up the Market, Becoming a Top Pick for Crypto Traders Alongside Manta Network (MANTA) appeared first on CoinJournal.

Bybit applies for a Virtual Asset Trading License in Hong Kong

Bybit applies for a VATP license in Hong Kong through Spark Fintech Limited.
Hong Kong’s favourable regulatory environment contrasts with China’s crypto crackdown.
Harvest Fund Management’s spot bitcoin ETF application signals Hong Kong’s growing crypto influence.

Bybit, a prominent cryptocurrency exchange, has officially applied for a license to operate as a “virtual asset trading platform” in Hong Kong. The application was submitted through Spark Fintech Limited on Wednesday, as confirmed by the Hong Kong Securities and Futures Commission’s records.

The move comes amid a regulatory landscape that distinguishes Hong Kong from its neighbouring Chinese mainland. Bybit’s strategic choice aligns with Hong Kong’s welcoming approach to crypto firms, as seen with its crypto licensing regime initiated in June 2023.

Hong Kong emerging as a crypto hub in Asia

Unlike the broader crackdown on crypto activities in mainland China, Hong Kong has emerged as a favourable destination for crypto businesses. Bybit acknowledges the city’s strategic advantages, citing its established financial infrastructure and prime location.

Obtaining a Virtual Asset Trading Platform (VATP) license in Hong Kong would mark a pivotal step for Bybit, positioning it to serve institutional clients across the Asia Pacific region.

Hong Kong instituted its crypto licensing regime in June 2023, allowing licensed exchanges to offer retail trading services. Bybit’s application places it among the 14 crypto firms currently under official review by the financial regulator. Notably, OKX, another prominent crypto exchange, filed its application on November 16.

In addition to virtual asset trading licenses, Hong Kong regulators are paving the way for spot crypto exchange-traded funds (ETFs). The Securities and Futures Commission, along with the Hong Kong Monetary Authority, has reviewed existing policies, signalling a potential expansion of the city’s crypto financial products.

The Hong Kong arm of Harvest Fund Management, a major Chinese asset manager, has already applied to a spot Bitcoin ETF in Hong Kong.

Bybit’s bold move to secure a VATP license underscores the growing importance of Hong Kong in the crypto space, as the city continues to embrace and regulate digital asset trading. With regulatory developments ongoing, the Asia Pacific region is witnessing a dynamic shift in its crypto landscape, with Hong Kong at the forefront of this evolution.

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