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The crypto firm behind the largest USD-pegged stablecoin by market cap says it is shifting focus to community-driven blockchains. According to a new press release from Tether, the firm behind USDT, the company always takes “community interest” into consideration when evaluating a blockchain. “Community interest plays a pivotal role when we bring USDT to specific blockchains. We carefully evaluate the network’s security architecture to ensure the safety, usability, and sustainability of the chosen blockchain. Our goal is to allocate resources where they can best enhance security and efficiency while continuing to support innovation across the crypto landscape.” According to the announcement, these and other related concerns have led Tether to dis continue USDT-use support for Algorand (ALGO) and EOS. “The transition will proceed as follows: Tether will stop minting USDT on EOS and Algorand starting today, June 24, 2024. Tether will...

A big week looms for Ethereum as experts predict the imminent approval of spot Ethereum ETFs (exchange-traded funds) in the US in what will be another landmark breakthrough for the crypto industry. ETF Store president Nate Geraci said in an X post on June 24 that spot ETH ETFs could be approved and trading in the next fortnight, while earlier Bloomberg ETF analyst Eric Balchunas said the launch could be as early as July 2 Pe   Experts Predict Imminent Approvals For Ethereum ETFs In another earlier X post, Geraci set the approval date for Ethereum ETFs before Jul. 4. This predicted date is based on the fact that he did not see anything “noteworthy left for SEC to address/comment on” in a recent ETH ETF filing by Bitwise. Will be flurry of spot eth ETF S-1 amendments tomorrow & Friday… IMO, based on Bitwise filing yesterday, doesn’t look like anything noteworthy left for SEC to address/comment on. I’m still going w/ launch before July 4th...

The cryptocurrency market witnessed severe bearish pressure over the past week, and the price of Chainlink (LINK) wasn’t an exception. The altcoin has continued to struggle with its torrid form, losing nearly 10% of its value in the last seven days. Interestingly, the bears seem to still be in control at the moment, with the latest on-chain revelation suggesting that there might be further downside for the LINK price over the next few days. Are Chainlink Investors Offloading Their Assets? Popular crypto analyst Ali Martinez revealed in a post on the X platform that huge amounts of the Chainlink token have made their way to centralized exchanges in the past day. This on-chain observation is based on Santiment’s “Supply on Exchanges” metric, which tracks the amount of a particular cryptocurrency being held on centralized exchanges. ...

Overview: Amidst a sea of emerging technologies, Pawfury (PAW) distinguishes itself with groundbreaking advancements, setting a remarkable pace alongside Ethereum, Cosmos, and Maker as they redefine the blockchain landscape. Ethereum (ETH): As the backbone of the decentralized application ecosystem, Ethereum continues to evolve, with upgrades aimed at enhancing scalability and reducing transaction fees, which keep it at the forefront of blockchain innovation. PawFury(PAW): Market Sensation PawFury(PAW) became an instant market sensation, attracting $3.9 million in presale investments, thanks to its compelling value proposition and innovative technology. Expert Predictions : Analysts are bullish, forecasting an astounding 17,200% increase in its price post-listing. Strategic Positioning : Designed to leverage its growing Telegram community to boost market presence and user engagement. Cosmos (ATOM): Cosmos aims to solve some of blockchain's hardest probl...

Cryptocurrencies, particularly Bitcoin, are seen as an alternative to the USD’s weakening influence in the global financial market. This sentiment and the anticipated trading of Ether spot ETF in July sparked increased attention around digital assets. With this increased hype and institutional adoption, investors seek easy market entry. In light of this, new cryptocurrency rel eases , listings, and presales are also entering the spotlight. This article eases this search by listing the best tokens that fit this description and detailing their Features , utilities, and market prospects. New Cryptocurrency Releases, Listings, and Presales Today ZKX is pioneering the integration of social elements in trading through PVP battles and competitions for perpetual futures. Meanwhile, Azuro Protocol delivers comprehensive tooling, oracle, and liquidity solutions for applications and EVM chains.   Udao is a Web3 platform designed to help individuals learn job-relevant skills ...

Chiru Labs, the digital asset incubation studio and team behind the anime non-fungible token collection and merchandise brand Azuki, has appointed Mr. Steve Chung, a former Fox and CJ ENM growth executive, as its new Chief Operating Officer (COO). Steve Chung Joins Azuki As New COO In a June 20 blog post, Chiru Labs, through its Azuki X account, confirmed the appointment of Steve Chung as its new Chief Operating Officer. The Chief Operating Officer is a new office created to harness the growth of all non-fungible token projects within the Chiru Labs. We're excited to announce that Steve Chung is joining the Azuki team as our new COO.@stevewchung brings deep expertise from his roles as Chief Global Officer of CJ ENM, CEO of CJ ENM USA, and Chief Growth Officer at FOX. His talent for taking Korean content global and driving… pic.twitter.com/fXxdathtVw — Azuki (@Azuki) June 20, 2024 Established in 2021, Chiru Labs is a web3 studio shaping the future of storytelling. The...

Nvidia’s recent rise to the world’s most valuable company, with a market value of about $3.34 trillion after a 3.5% increase in its shares, highlights AI’s critical role in the global economy. Its leadership in AI, driven by its advanced chip technology, sets a benchmark. This underscores the rising demand for AI solutions across industries, boosting tokens like Fetch.ai and SingularityNET. These platforms, crucial in decentralized AI ecosystems, are gaining from heightened interest and investment, reflecting AI’s transformative potential. As Nvidia’s market value soared from $2 trillion to $3 trillion in just 96 days, it underscores the rapid growth and promising future of AI investments. Biggest Crypto Gainers Today – Top List In today’s crypto market, Fetch.ai has surged significantly due to its innovative AI-driven platform democratizing access to AI technology. Meanwhile, SingularityNET has garnered substantial attention with its advanc...

The zkSync price plunged 5% in the last 24 hours and 25% in the past week to trade at $0.2130 as of 00:38 a.m. EST on trading volume that slumped 32% to $513 million. This comes as reports show that 41% of the top 10,000 wallets that received ZK airdrop sold their holdings after its launch. Since its inception, over 30% of wallets have moved part of their holdings. The price of $ZK token fell by 35% after a large number of recipients sold their airdropped tokens. About 41% of addresses sold all their $ZK tokens, and 29.2% sold some, totaling over 486 million $ZK. Only around 30% of the top receiving wallets kept their tokens. On June 17,… pic.twitter.com/PUgX70jC1o — DeFi Planet (@PlanetDefi) June 18, 2024 The platform has been facing a huge backlash after it announced that just 695K wallets would receive its airdrop, which was based on controversial eligibility criteria. After its launch, the zkSync price went on a downtrend, sliding to the support level of around...

The ongoing tug-of-war between Ethereum and the United States Securities and Exchange Commission (SEC) recently reached a pivotal moment, leading to significant developments in the cryptocurrency landscape. The SEC’s decision to close its investigation into whether Ether (ETH) is security marks a milestone for the Ethereum community and the broader crypto market. The SEC Investigation and Its Closure The SEC’s investigation into Ethereum, which began with a focus on Ethereum 2.0, has been a significant point of contention. Initially, the investigation raised concerns over whether ETH should be classified and regulated as a security, a move that could have had significant repercussions for Ethereum’s market and its participants. ETHEREUM SURVIVES THE SEC. Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into ...

The crypto currency community has been battling with the bears over the past couple of days. But, in a new turn of events, the market is celebrating Ethereum’s victory. Earlier today, Ethereum developer Consensys Software Inc. announced in a blog post that the United States Securities and Exchange Commission was closing its investigation around Ethereum’s native token, Ether. JUST IN: SEC permanently suspends its investigation into Ethereum. — Watcher.Guru (@WatcherGuru) June 19, 2024 Consensys sued the SEC back in April and began its investigation to check if Ether was classified as a sec urity. In the lawsuit, the SEC blatantly suggested that the SEC and Gary Gensler, the chairperson of the agency, believed that the altcoin was a sec urity. However, in its X post, Consensys said, “Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us tha...

The Ripple price prediction remains in a struggle with the $0.51 level, bolstered by support from the 9-day and 21-day moving averages. XRP News Update: SEC vs. Ripple Settlement Hopes Drive Increased Buyer Demand On Monday, June 17, XRP surged by 3.19%, reversing a 0.27% decline from Sunday, June 16, and closing the session at $0.5048. Notably, this marks the first time XRP has maintained the $0.50 level since June 6. Ripple Prediction Statistics Data: Ripple price now – $0.511 Ripple market cap – $27.44 billion Ripple circulating supply – 55.5 billion Ripple total supply – 99.9 billion Ripple Coinmarketcap ranking – #7 XRP/USD Market Key Levels: Resistance levels: $0.60, $0.65, $0.70 Support levels: $0.40, $0.35, $0.30 XRPUSD – Daily Chart At the time of writing, XRP/USD is seen trading at $0.51 above the 9-day and 21-day moving averages. Since the past few weeks, the Ripple price has been moving sideways as it continues to s...