Mango Markets’ governing body is looking to offer a settlement to the SEC.
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Solana's Former Top Decentralized Crypto Exchange Faces SEC Securities Violations
Kamala Harris’s Alleged ‘Crypto Reset’ Absent in Democratic Agenda – Bitcoin News
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest […]
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Dogecoin Millionaire Who Bought Shiba Inu Early Expects 3,500% Rally For Next Big Bet
A Dogecoin millionaire who bought Shiba Inu (SHIB) and made huge returns from it is set to buy the next big bet in the crypto market — ETFSwap (ETFS). This Dogecoin millionaire investor wants to buy ETFSwap (ETFS) as experts predict it will rally and rise by 3500% on launch.
The Dogecoin Millionaire: A Serial And Savvy Investor
The Dogecoin millionaire has been savvy enough to invest early in Dogecoin (DOGE), earning millions when the coin rose by over 5,000%. That was not the first for this investor. In 2020, this Dogecoin millionaire investor accumulated Shiba Inu (SHIB) early before it began a meteoric rise that took the crypto market by storm. Buying Shiba Inu (SHIB) made this Dogecoin millionaire rounds of millions as Shiba Inu soared by over 11,430,362% throughout its growth cycle.
Investing early did pay off for the Dogecoin millionaire who was able to earn significantly from Dogecoin (DOGE) and Shiba Inu (SHIB) in the past years. In 2024, this Dogecoin millionaire is out again for the next big investment. After seeing the potential of ETFSwap (ETFS) to rise by 3,500%, the Dogecoin millionaire aims to get in early as this token is still in its presale stage.
ETFSwap (ETFS) Set For A Parabolic Run Ahead Of Launch
Many savvy investors want to enjoy huge returns from ETFSwap (ETFS), which is predicted to rise by 3,500%. The number of people joining the presale makes this obvious. The presale is in its second stage, raising close to $1.6 million in token sales, in addition to over $1.1 million raised in the first stage. This groundbreaking sale has taken just a few weeks, a big feat for the crypto token, which is set to soar like Shiba Inu (SHIB) at its peak.
ETFSwap (ETFS) is having a successful run due to the value of its offerings to investors and traders through its trading platform and token utility & incentives. To start with, the ETFSwap (ETFS) platform is a DeFi platform for buying and trading real-world ETFs on the blockchain. In full DeFi mode, this platform allows users to swap crypto for these tokenized real-world ETFs. Some of these ETFs include transportation, technology, agriculture, finance, etc. Instead of the traditional way of investing in these ETFs, ETFSwap (ETFS) is changing the status quo by bringing blockchain to it. Its trading system includes perpetual trading with a leverage of up to 50x. Traders get to position well for maximum profits using this leverage.
The ETFSwap (ETFS) platform uses a permissionless system and a fast registration process that doesn’t require KYC information. With an excellent user-friendly interface, ETF trading is as convenient as it gets. With about 15,000 registered users, the ETFSwap (ETFS) team is set to launch an AI-powered ETF Tracker and Screener capable of collecting data and providing investment insight on ETF investments. This is to assist traders on the platform in making good investment and trading decisions.
The native token of the ETFSwap (ETFS) platform also packs many utilities and incentives. The token gives traders access to AI trading tools, exclusive information on ETFs, reduced trading transaction fees, and voting rights. There is more. The token allows investors to earn up to 36% profit in the staking pool and up to 87% via APR yield. This is in addition to monthly airdrops. These exciting offerings, together with the expected impact of the ETF market, make ETFSwap (ETFS) one of the top 5 investments in 2024. It goes without stating that the ETFSwap (ETFS) platform and its token offerings have been audited by CyberScope, an industry-recognized security company. The ETFSwap (ETFS) team has been KYC verified, too.
Conclusion
As the Dogecoin millionaire who bought Shiba Inu (SHIB) early is set to also accumulate ETFSwap (ETFS) tokens in its presale stage, the potential of a 3,500% increase seems more solid.
Since the presale is open to all, now is the time to buy early. Still selling at $0.01831, now is a good time to invest before the price changes in the next presale stage.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Coinbase believes young crypto voters will be a deciding factor in the US elections
Coinbase believes that young, pro-crypto voters could play a pivotal role in the 2024 US presidential election and potentially become the deciding factor in who wins.
The exchange said in an Aug. 19 blog that recent research highlights that Gen Z and Millennials — who now make up 40% of the electorate, are increasingly aligning with candidates that support crypto and financial innovation — potentially shifting the outcome of closely contested races.
Deep dissatisfaction
According to the report, younger Americans are deeply dissatisfied with the current financial system. Only 9% of Americans overall express satisfaction with the system, and this figure drops to just 7% among those under 40.
The report added that this growing discontent — driven by rising costs, high fees, and perceived inefficiencies in traditional finance — is leading many young voters to turn to crypto as a potential solution.
According to Coinbase, this trend is not only about financial frustration but also reflects a broader desire for systemic change and innovation. In the 2020 election, voter turnout among those under 30 increased significantly, with 55% of eligible voters participating — a notable rise from the 44% turnout in 2016.
Coinbase expects this trend to continue, citing that 92% of registered voters under 35 have indicated plans to vote in the 2024 election. The exchange further believes that this group, which increasingly views crypto as the future of finance, could have a decisive impact, particularly in closely contested battleground states.
Coinbase also emphasized that crypto’s appeal crosses traditional party lines, especially in swing states. The report highlights that 41% of crypto owners under 35 in these states identify as Democrats, 39% as Republicans, and 20% as independents or others.
Coinbase believes that this bipartisan interest positions pro-crypto policies as a crucial consideration for candidates from both major parties. The company notes that nearly two in five young voters (38%) view crypto and blockchain as avenues to increase economic opportunities that traditional finance cannot offer.
Swing voters
The exchange also believes that the influence of young, pro-crypto voters could be particularly significant in key battleground states like Georgia, Arizona, and Michigan.
The report pointed out that in Georgia, youth voter turnout increased by 14 percentage points from 2016 to 2020, with 51% of eligible voters under 30 casting ballots in the last presidential election.
According to Coinbase, the number of “Stand with Crypto” advocates in Georgia now triples the vote differential that decided the state in 2020, suggesting that the pro-crypto, young voting demographic could have a measurable impact on the 2024 outcome.
Similar trends are observed in Arizona, where youth voter turnout surged more than the national average in 2020 compared to 2016. Meanwhile, in Michigan, youth voter turnout rose from 42% in 2016 to 54% in 2020, helping secure a narrow victory for President Biden in a state with critical electoral votes.
Coinbase also highlighted that, beyond individual states, young crypto voters represent a broader shift in priorities. The report cites a May 2024 poll indicating that more than 20% of voters in several battleground states consider crypto a key issue in the upcoming election.
Among Gen Z voters who currently or previously owned crypto, 90% believe the financial system needs change, and 61% are enthusiastic about supporting candidates who endorse the crypto industry.
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Bitcoin Staking Platform Babylon to Start Phased Mainnet Launch This Week
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Optimism Finds Vulnerabilities in Fault Proof System, Proposes Upgrade to Patch Them – Defi Bitcoin News
OP Labs, a software development company focusing on the Optimism ecosystem, has proposed an upgrade for the Optimism rollup called Granite, which comes to fix a series of vulnerabilities in the chain’s fault-proof system. While some high-severity vulnerabilities were encountered during external audits, OP Labs stated that none had been exploited. Optimism Proposes Network Upgrade […]
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Ethereum Sees Major Outflow From Mega Whales – ETH Price Drops Below $2,600
The crypto market has been challenging, and Ethereum (ETH), the second-largest cryptocurrency, is no exception. Despite its dominant position, the token has faced significant headwinds in recent weeks, with its price showing no signs of a sustained recovery.
Key Metrics Point To Continued Bearishness
According to crypto analyst Ali Martinez, some of the largest Ethereum whales, holding over 10,000 ETH, have been steadily selling their tokens over the past month, with no indication of slowing down.
This mass exodus of large investors has contributed to ETH’s 26% price drop over the last 30 days, narrowing its year-to-date gains to just 55% – making it one of the weaker-performing tokens in this timeframe.
The selling pressure from these Ethereum whales has been a key factor in the token’s ongoing consolidation at the bottom of the range it has experienced over the past seven months.
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This bearish sentiment surrounding ETH is further exacerbated by the TD Sequential indicator, which has presented a sell signal on the cryptocurrency’s hourly chart, potentially intensifying the current downtrend.
Looking ahead, Martinez has identified key support levels that could come into play if the Ethereum price continues its downward trajectory. According to Martinez, a crucial support zone to watch is between $2,300 and $2,380, where 1.62 million addresses have purchased over 50 million ETH.
Maintaining this level will be crucial for bulls to prevent another sharp crash, similar to the one seen earlier this month, which saw the price retrace to the $2,100 level – a level not seen since February.
Potential Price Upside For Ethereum Ahead?
Despite these bearish factors painting a dark picture for the second-largest cryptocurrency on the market, market researcher Leon Waidmann claims that a significant development has emerged that could signal a potential bullish shift for Ethereum.
The researcher explained in a recent social media post on X (formerly Twitter) that, for the first time, the ETH balance on cryptocurrency exchanges has dropped below 10%. This marks a notable milestone, as the amount of Ethereum held on exchanges is now lower than that of Bitcoin (BTC). Waidnmann said:
The fact that there is significantly less ETH on exchanges than BTC is a highly encouraging sign. It suggests that Ethereum investors are increasingly withdrawing their tokens from trading platforms, potentially indicating a shift away from short-term speculation and towards long-term hodling.
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Ultimately, the next move for the ETH price remains to be seen, whether the bulls or bears will get the upper hand, decide the next short-term movement for the token, and break the current consolidation phase.
At the time of writing, ETH trades at $2,580.
Featured image from DALL-E, chart from TradingView.com
HashKey and Catizen join forces in TON ecosystem expansion
HashKey Group’s collaboration with Catizen on the TON ecosystem marks a significant step in Web3 and GameFi development.
Kaiko believes tokenized treasuries will retain appeal amid expected Fed rate cuts
Research firm Kaiko believes that tokenized Treasuries will continue to attract investors, even in the face of anticipated US Federal Reserve rate cuts, which can often diminish the appeal of fixed-income assets.
According to the firm’s second-quarter market report, interest in these tokenized funds continues to grow due to their attractiveness to investors seeking liquidity and security.
Kaiko explained that even with potential rate reductions, the real Fed funds rate — adjusted for inflation — may remain stable or even increase. This scenario could keep Treasuries attractive compared to riskier assets, as investors prioritize liquidity and safety.
Growing activity
According to Kaiko’s research, BlackRock‘s on-chain tokenized fund, BUIDL, has become the largest on-chain fund by assets under management (AUM) since its launch in March, with net inflows of $520 million as of June-end.
The fund is part of a growing trend of tokenized funds offering exposure to traditional debt instruments like US Treasuries. Other notable funds include Franklin Templeton‘s FOBXX, Ondo Finance’s OUSG and USDY, and Hashnote’s USYC, all providing yields aligned with the Fed funds rate.
The report also details the growing activity in the on-chain market for these tokenized assets. Ondo Finance’s governance token, ONDO, experienced a significant trading surge after announcing a collaboration with BUIDL — hitting a record high of $1.56 in June.
Challenges
However, the report noted that inflows into these funds may face challenges as the US rate environment evolves since market hype has subsided.
Despite expectations of potential Fed rate cuts, with markets pricing in 100bps of cuts this year, the appeal of tokenized Treasury funds may persist. Recent weaker-than-expected US inflation data has strengthened expectations for a September rate cut.
However, rate cuts may not necessarily translate to easing monetary policy. If inflation falls at the same pace or faster than nominal rate cuts, real rates could remain stable or even rise. The real Fed funds rate, adjusted for the Producer Price Index, has shown a moderate increase this year despite steady nominal rates.
$2 billion market
The tokenized US Treasuries market reached its all-time high of $1.93 billion on Aug. 14. According to rwa.xyz data, the market has grown 150% year-to-date.
After the launch of BlackRock’s BUIDL, Ethereum (ETH) has become the preferred infrastructure to deploy tokenized versions of funds, with $1.4 billion of digital assets created on the network as of press time.
Stellar comes in second place with $430 million deployed, boosted by Franklin Templeton’s FOBXX, while Solana and Mantle also count among the most used networks, with $48 million and $30 million in tokenized US Treasuries, respectively.
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Ripple (XRP), BONK, and PEPE Could See More Loses, Crypto Traders Hedge with Hidden Ethereum Token
As the cryptocurrency market experiences turbulence, prominent tokens like XRP (XRP), Bonk (BONK), and Pepe Coin (PEPE) are facing a bloodbath.
In response, savvy crypto traders seek safer alternatives to hedge their investments. One such option gaining traction is RCO Finance (RCOF), a lesser-known Ethereum-based token. Let’s find out why.
Amid Recent Downtrend, XRP Community Leader Exposes Misinformation
On August 14, 2024, a leading figure in the XRP community, Eri, called out certain crypto publications for spreading misleading content aimed at XRP investors.
Eri, who hosts one of the top crypto YouTube channels, criticized these outlets for promoting questionable tokens like CFT by publishing deceptive reports.
She highlighted a recurring false narrative that claims the UAE and India are using XRP for oil trading instead of the U.S. dollar. This story has circulated without credible evidence for over three years.
Eri also exposed a false report claiming JPMorgan accepted XRP for credit card and mortgage payments. Other crypto community members supported Eri’s concerns, expressing frustration over the damage such misinformation causes to XRP’s reputation and the risks it poses to investors.
Meanwhile, data from Coinmarketcap shows that XRP has dropped from last week. XRP is trading at $0.565, a 3.60% decline from last week.
Consequently, some experts are skeptical as XRP is trading near the 20-day EMA at $0.57, indicating that it could swing either way. If the market turns bearish, XRP could fall as low as $0.540.
Baseball United Partners with BONK DAO for 2025 Season Amid Volatile Market Conditions
On August 16, 2024, Baseball United, the pioneering professional league centered on the Middle East and South Asia, announced BONK DAO as the official presenting partner for its inaugural 2025 season.
This partnership marks a significant step for the Dubai-based league as it prepares to launch the region’s first major baseball competition.
Despite this news, BONK has been on the decline recently. According to data from Coinmarketcap, the price of BONK is currently 14.09% down from last week, trading at $0.0000176.
Even with the BONK’s decline, trader interest is increasing. The MACD technical indicator also shows that BONK may soon experience a breakout to $0.0000218 in the coming weeks.
On the other hand, some experts have adopted a pessimistic outlook on BONK because the Relative Strength Index (RSI) remains below its neutral line at 40. Hence, they believe BONK could drop to $0.0000167 soon.
Whale Traders Secure Gains Amid PEPE’s Market Struggles
Recently, several whales have been cashing out their substantial holdings, converting their digital assets into significant profits. This trend reflects a broader movement among large investors to secure gains in a volatile crypto market.
On August 14, data from Lookonchain revealed that one prominent trader sold off 420 billion PEPE tokens, raking in $3.16 million. Despite the impressive sale, the trader’s profit margin was relatively modest, earning just $30,000 after purchasing the tokens earlier in the month for $3.13 million.
This move underscores the cautious approach some investors are taking. They opt to take profits amid fluctuating market conditions rather than hold out for potentially higher gains.
Meanwhile, PEPE has been struggling in the market. Its price is currently at $0.00000719, a 14.73% decline from last week.
Some analysts still expect Pepe’s struggles to continue because of the recent breakdown from the symmetrical triangle in a large red candle. This means a bearish breakout is in the offing, and PEPE could drop as low as $0.00000680 soon.
RCO Finance And Its Robo Advisor Sparks Investor Interest
RCO Finance is making waves in the entire crypto world with a fresh and distinct vision for decentralized finance. Unlike most other projects, which merely replicate existing models, RCOF aims to deliver exceptional financial solutions that will adapt to its users’ evolving needs.
Recent analyses have highlighted RCOF as a promising investment, particularly with its ongoing token presale. Its strategic roadmap and community-centric approach have caught the eye of both retail and institutional investors.
RCO Finance (RCOF) has set itself apart thanks to its powerful AI capabilities, driven by cutting-edge machine learning algorithms. The platform offers a robust AI-powered robo-advisor tool that analyzes market data, giving traders and investors a crucial edge in their decision-making.
Leveraging machine learning applications, the robo-advisor crafts personalized investment strategies by analyzing historical data, market trends, and global news events. This helpful tool supports users in making informed decisions by offering insights tailored to their financial goals and risk tolerance.
Moreover, RCO Finance integrates an AMM through the robo-advisor, streamlining trading and eliminating the need for manual interventions. This level of automation minimizes the impact of human emotions and errors, resulting in more consistent investment outcomes.
By democratizing access to advanced trading tools typically reserved for professional investors, RCO Finance makes sophisticated trading strategies accessible to all, reducing the costs and complexities associated with market analysis.
RCOF Aims for a 1,500% Surge Following the Launch of Stage 2
While Ripple Labs’ XRP, PEPE, and BONK remain solid long-term investments, investors increasingly focus on RCO Finance’s native token, RCOF.
The token is gaining significant attention due to its deflationary nature and limited supply of 800 million coins. Additionally, SolidProof has audited RCOF’s smart contract, further enhancing investor confidence.
As of August 15, RCOF is progressing through Stage 2 of its pre-sale. Investors participating in this stage can purchase the token at $0.0344, with the potential for a 62% return on investment (ROI) when RCOF enters Stage 3 at $0.0558.
Moreover, Stage 2 investors could see their holdings appreciate by 1,500% when RCOF reaches its listing price, estimated to be between $0.4 and $0.6.
This impressive growth potential highlights why now is the opportune time to participate in the RCO Finance pre-sale for a rewarding investment journey.
For more information about the RCO Finance Presale:
Visit RCO Finance Presale
Join The RCO Finance Community