BounceBit, a major player in the cryptocurrency sector, has officially launched its BounceClub mainnet, an on-chain Web3 world designed for everyone to create and participate. This happens after the BounceClub East-West Testnet Event and the successful completion of Testnet Phase 2.Mainnet Club DistributionA total of 7000 BounceClubs have been pre-mined in preparation for the mainnet launch. The first 1000 BounceClubs will be reserved by BounceBit and distributed as rewards to ecosystem partners, while the remaining 6000 will be allocated to the top 6000 Testnet BounceClub owners based on the amount of BIT accrued during the…
Author: Crypto Flexs
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If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportFormer professional kickboxer turned social media provocateur Andrew Tate claims he cashed out $500,000 in Bitcoin to invest in GameStop and other meme coin stocks in a bid to harass hedge funds.“There are hedge fund managers who will wake up tomorrow morning and have $13 billion in losses if GameStop opens at current prices,” Tate said. twitter video. “That person’s entire hedge fund!”His Reddit-inspired hypothesis is similar to this: 2021…
BounceBit mainnet launch We are excited to announce the official launch of the BounceBit mainnet, marking a significant milestone since its initial launch in late January 2024. With the successful Water Margin TVL event, BounceBit has seen tremendous growth, boasting approximately $1 billion in total value locked (TVL). ) and nearly 400,000 early contributors. Impressive growth since initial launch Since the launch of BounceBit’s premium yield generation feature, thousands of staked BTC have been continuously monetized through funding rate arbitrage. Our testnet phase was also a huge success, showcasing the BounceClub ecosystem and highlighting the…
Digital asset manager CoinShares said institutions resumed investing in cryptocurrency products last week after a five-week break. In its latest Digital Asset Fund Flows report, CoinShares found that digital asset investment products brought in inflows of $130 million last week after four weeks of outflows. “Digital asset investment products saw inflows totaling $130 million for the first time in five weeks. However, exchange-traded product (ETP) volume continued to decline, hitting $8 billion per week compared to an average of $17 billion in April. These trading volumes highlight that ETP investors are currently less engaged in the cryptocurrency ecosystem, accounting for…
Tim Draper led a $3.5 million seed funding round for Bitcoin lending startup Zest Protocol. This move is a significant milestone in making decentralized finance (DeFi) accessible on the Bitcoin network, with notable contributions from industry giants like Binance Labs. $3.5 million invested in Bitcoin lending venture Built on the Stacks blockchain, the Zest Protocol aims to revolutionize Bitcoin lending. It seeks to allow BTC holders to utilize their assets in an on-chain lending market without the need for intermediaries. The startup is taking advantage of the upcoming upgrades to Stacks Nakamoto and sBTC. Tycho Onnasch, founder of Zest Protocol,…
Bitcoin (BTC) is up 2% over the past 24 hours, recovering after two days of struggling to break the $61,500 resistance level. The current uptrend could hold the price level above $62,500, meaning Bitcoin could still experience positive price action regardless of US spot Bitcoin ETF flows, which saw net outflows of $100 million in four days. It shows.US spot Bitcoin ETF daily flow is $1 million. Source: Farside InvestorsSentiment toward cryptocurrencies improved following China’s announcement that it would issue $138 million in long-term bonds to boost its economy. This was expected after the announcement in March, but it reaffirms…
join us telegram A channel to stay up to date on breaking news coverage WIF On ETH price has surged 43,887% in the last 24 hours. Traded for $0.002913 7:10 AM EST and is ranked #2 on Dextools.io. WIF for ETH price trading within rising channel WIF price shows a fight between bulls and bears trying to control it, resulting in a rising channel pattern. This pattern suggests strong buying pressure. WIFUSD analysis. Source: Dextools.io Despite the recent bearish correction, bulls are poised to push the price higher, pushing it above the all-time $0.003508 level. This indicates a bullish trend…
Explaining Phishing and Phishing-as-a-Service (PhaaS) Phishing is a widespread hack that aims to trick people into revealing personal information, such as credit card numbers, passwords, and personal identities. In 2022 alone, 300,497 phishing cases were reported to the Federal Bureau of Investigation (FBI). These attacks cost victims more than $52 million. Typically, fake emails that look real are sent to trick recipients into opening harmful links or requesting sensitive information. Phishing-as-a-Service (PhaaS) is an incredible development in the world of cybercrime. A subscription-based web service called PhaaS makes it easy for even non-technical criminals to launch complex phishing attacks. These…
DOJ also argued in court filings that FinCEN’s guidance on cryptocurrency mixers did not address the concept of “control,” a position taken issue in the senators’ letter. In a filing last month, the DOJ said anything that facilitates the transfer of funds would meet the legal definition of a “cash transmitter,” which likens a wallet to a USB cable that transmits data or a frying pan that transmits heat.
The return of “Roaring Kitty” sent several so-called meme stocks higher in the U.S. markets this morning.Keith Gill’s @TheRoaringKitty account on social media platform X has been dormant since June 2021 until Sunday night. The account posted an image. A man holding a controller and moving to sit forward on a chair, This is a meme often used by video gamers. That post alone was enough to send GameStop’s stock price surging more than 100% on Monday morning, with trading halted several times due to volatility. Gill and the subreddit/WallStreetBets were at the center of the 2021 meme stock craze…