Japanese company Metaplanet announced that it would purchase 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate finance strategy, a move that mimicked MicroStrategy’s high-profile Bitcoin hoarding.Metaplanet, a diversified company and a public company listed on the Tokyo Stock Exchange, has unveiled a Bitcoin purchase initiative for X. The company cited hedging risks from currency devaluation and inflation as motivation.The purchase is an “early commitment” and part of a broader acceptance of Bitcoin’s potential, according to the announcement. It is supported by partners such as legendary hedge fund manager Mark Yusko, UTXO Management, and Sora…
Author: Crypto Flexs
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Cryptocurrency pioneer Andre Cronje explains a new strategy for community and meme coin launches aimed at strengthening investor protection. Andre Cronje, founder of Yearn.finance and co-founder and architect of the Fantom Foundation, proposed a new framework designed to create a safer environment for both the community and investors interested in meme coins. In a recent post, Cronje outlined the risks associated with the current meme coin environment, such as token sales by team members, mass offloading by early investors, liquidity removal, and tokens with access controls. To solve these problems, Cronje opened a direct line of communication via Telegram or…
The NEAR Foundation has launched an Infrastructure Council with $4 million to strengthen critical infrastructure, decentralize decision-making, and streamline efforts, with half of the budget still available. The NEAR protocol has seen a significant increase in users and transactions in recent months. The NEAR Foundation launched the Infrastructure Committee to ensure smooth operation and expansion of the project and its founders. With $4 million in funding allocated to infrastructure projects, the Commission aims to strengthen NEAR’s core infrastructure and support the success of NEAR projects in an open and transparent manner. Key infrastructure includes RPC nodes, relayers, indexers, bridges, wallets,…
SpaceCatch, one of the most professional and notable GameFi projects on Web3 this year, has announced its public beta launch. The most important day of April at GameFi is April 22, 2024. Developed by professional gaming studio Pixelfield, SpaceCatch has been in development since 2022. The team has delivered great technology so far, so now SpaceCatch is one of the most promising AR&Web3 games in the GameFi industry. CATCH tokens are already listed and have an ATH over 50 times higher than the pre-sale price. All of this demonstrates the team’s outstanding ability to deliver excellent, professional results. One of…
Ethereum, the second-largest cryptocurrency by market capitalization, is showing signs of a potential rebound in the medium to long term. Recent data and key indicators from the futures market suggest that bullish sentiment surrounding ETH is on the rise. TLDR Ethereum’s futures open interest and positive funding ratio suggest a potential upside above $4,000 in the medium term. Key indicators such as MACD and DMI confirm the rise in bullish sentiment in the ETH spot market. Ethereum remains on the rise above $3,400 and could potentially reach $4,500 or even $5,000 in the coming weeks if the bull market remains…
Looking back at recent stablecoin indicators, Solana brush -3.31% According to research and brokerage firm Bernstein, increasing market liquidity and improving investor sentiment are “leading the battle” for blockchain payments.“The big change this cycle is Solana’s dominant market share in transferred stablecoin value (highest share at 43%) compared to market leader Ethereum in the previous cycle,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Tuesday. I wrote:They argue that Solana’s single-layer design has led to an increase in stablecoin payments on the network due to its direct on-ramp to cryptocurrency exchanges, high throughput, and low transaction…
Optimism is surging in the cryptocurrency market for Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization. The emergence of two new whales adds to the bullish sentiment surrounding Ethereum, according to Spot On Chain, a cryptocurrency tracking platform. These whales withdrew a significant amount of ETH from leading cryptocurrency exchange Binance, totaling 11,700 coins (worth approximately $40 million).advertising Their significant purchases, made when the ETH price was around $3,450, indicate confidence in the potential for further price appreciation. that much $ETH The price has surged ~4% in the last two hours and is now above $3,500! During this time,…
Ethereum futures open interest shows that the coin will recover to all-time highs in the medium term. Key indicators also confirmed the rise in bullish sentiment in the coin spot market. Leading coin Ethereum (ETH) could see another significant rally in the medium term, anonymous CryptoQuant analyst ShayanBTC noted in a new report. report. The report assessed the coin’s futures market and found that despite overall market consolidation in March, ETH’s funding rates remain positive and open interest rates continue to rise. Funding rates are used in perpetual futures contracts to ensure that the contract price remains close to the…
Ghanaian fintech startup Zeepay recently secured $3 million in equity investment from venture capital firm Verdant Capital Hybrid Fund. Zeepay plans to use the funds raised to strengthen its position as it prepares for significant growth in 2024. Strengthening Zeepay’s presence in Africa Ghanaian fintech startup Zeepay recently raised $3 million(…)
Aptos Labs has partnered with io.net to improve access to scalable GPU resources to enhance AI and machine learning capabilities. Aptos Labs, the company behind the Aptos blockchain ecosystem, has partnered with io.net, a provider of decentralized GPU computing solutions, to decentralize access to artificial intelligence (AI) resources that a growing number of venture capital firms are targeting. It has been concluded. A fast-growing technology. According to a press release shared with crypto.news, io.net and Aptos Labs will collaborate to develop a suite of AI models and inference products for future launches on the Aptos network. These future services will…