Dogecoin faces critical resistance after a recent dip, with its price channels forming support. Dogecoin needs a strong breakout to reverse its prevailing bearish trend. MVRV Ratio at -11.69% hinted
Twenty-two sponsorship deals have been inked with sports groups this year
Dogecoin faces critical resistance after a recent dip, with its price channels forming support.
Robinhood CEO Vlad Tenev is optimistic about the prediction market’s potential, noting that his company is betting big on it. He compared prediction markets to traditional news sources, asserting that prediction markets communicate information more quickly than newspapers or broadcast media. In an interview, Tenev described the potential of prediction markets and their place in Robinhood’s business model. The CEO of Robinhood believes without a doubt that prediction markets are the future of trading and information. Robinhood’s election prediction market sees record activity Robinhood saw a lot of activity around the prediction market for the 2024 U.S. presidential election. The platform tracked Donald Trump’s victory to a large extent, although Kamala Harris had a late surge after an Iowa poll was found to be inaccurate. Increased interest in the election drove a spike in prediction markets across multiple betting platforms. Robinhood had previously launched Super Bowl event contracts earlier this year but suspended their rollout after a CFTC request. Yet amid regulatory uncertainty, Tenev is optimistic about the future of the sector. He noted prediction markets are here to stay and asserted that this will be revealed over time. Tenev made the company’s broader aims for prediction markets known during Robinhood’s Q4 2024 earnings call. “We had more than half a billion contracts traded in just about a week leading into the election. You can expect a full events platform from us, with access to prediction markets across many diverse contracts later this year,” said Vlad Tenev Aside from Robinhood’s efforts, several major players, such as UMA, Polymarket, and EigenLayer, are working together to build a next-generation oracle infrastructure for prediction markets. This joint effort has several advantages, including improved mechanisms for resolving disputes, aligned participant incentives, and scalability and security. Advanced oracles shape decentralized truth in prediction markets Since its launch in 2020, Polymarket—the leading decentralized prediction market—has passed $6 billion in lifetime volume and resolved 14,000+ markets. Oracle systems available today do not scale well and suffer from subjective market outcomes. To solve these limitations, UMA , Polymarket, and EigenLayer are joining forces to research and develop the next-generation generation oracle based on EigenLayer’s intersubjective verification and UMA’s Optimistic Oracle (OO). With multi-token dispute resolution, the use of different tokens for staking and governance, and several other fundamental improvements, this next-generation mechanism will be a great leap forward as compared to our current system. In addition, it introduces dynamic bonding and AI integration, establishing dynamic bond commitments designed to strengthen economic security. The new oracle will also have improved bribery resistance through the security model of EigenLayer, which minimizes manipulation threats in the new oracle and increases scalability for high-volume markets, increasing dispute resolution efficiency for markets with thousands of active contracts. Polymarket’s founder, Shayne Coplan, highlighted the need for solid oracle solutions, noting that integrating Polymarket’s infrastructure, UMA’s optimistic oracle and EigenLayer’s security framework will reshape the establishment of decentralized truth. With Robinhood and the top players in the blockchain industry leading the charge, prediction markets could soon become a mainstream instrument for real-time, data-informed forecasting in multiple industries. Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet
The cryptocurrency sector is a breeding ground for viral, community-driven projects, but the rise of racist meme coins has ignited debates about the limits of decentralization. This issue is gaining renewed attention after rapper Kanye West, who now goes by “Ye,” announced plans to launch a so-called “Swasticoin” in a series of controversial social media posts. West’s statements, which included antisemitic remarks about the Jewish community, mark a shift from his previous criticism of celebrity-backed coins that “prey” on fans. You might also like: Kanye West’s Super Bowl 2025 ad sparks Nazi-themed crypto frenzy On Saturday, West seemingly changed his mind. “I’m going to open the CA [contract address] for my Swasticoin to Jewish people and my friends and family first,” he wrote. Alongside this announcement, the “Jesus Walks” singer appeared to seek guidance on blockchain networks like Ethereum, Solana and BNB Chain, while also attempting to contact Binance co-founder Changpeng “CZ” Zhao. The posts sparked backlash, but they also highlighted a broader issue: the increasing number of meme coins promoting extremist ideology. A troubling trend Ye’s proposed token is not an isolated case. Over the past year, a wave of racist and offensive tokens have launched, prompting discussions about whether decentralized platforms should implement content moderation. Some of these tokens used racial slurs or Nazi imagery in their branding, attempting to gain traction in online extremist communities. “Hitler Musk,” for example, appeared on Pump.fun about a month ago after X owner Elon Musk, while speaking at President Donald Trump’s inauguration event, did a straight-a rm salute twice (observers interpreted it as a reference to Nazi-fascism). Before that, in 2021, a token named “HITLER” briefly surfaced before being delisted from exchanges. Another coin, “Groyper,” has been linked to far-right online communities. Despite the fleeting nature of these projects, their presence underscores how blockchain technology—while open and permissionless—can be exploited to spread harmful ideologies. Who’s addressing the issue? As racist meme coins proliferate, some in the crypto industry are taking steps to curb their spread. The Solana Foundation has acknowledged the problem, with Austin Federa, the foundation’s head of strategy, suggesting that in-app filtering could be a potential solution. This would allow wallet apps and decentralized exchanges to screen out tokens with offensive names or imagery. However, implementing such measures in a decentralized system remains a challenge. Racist meme coins can be dealt with by in-app filtering, argues @SolanaFndn 's @Austin_Federa , @thesamreynolds writes https://t.co/e6U1FGVgng — CoinDesk (@CoinDesk) March 29, 2024 Ethereum co-founder Vitalik Buterin has also criticized the rise of meme coins associated with dictatorships and racist themes , calling for higher-quality projects in the crypto space. Last March, Buterin expressed concern over the growing number of speculative assets that provide little value beyond short-term hype. He specifically pointed to Solana-based meme coins that he described as “openly super-racist” and condemned tokens linked to totalitarian regimes. Buterin emphasized that he has “zero enthusiasm” for projects driven by scams, rugpulls, or fleeting excitement that ultimately disappoints investors. But, in today’s day and age, where anyone can launch a token with meme coin generators (i.e., Pump.fun) without oversight. As a result, the problem persists. What’s Next? According to Coindesk, West’s planned token—possibly named “YZY” rather than “Swasticoin”—is intended as a workaround for Shopify’s restrictions on his Yeezy store. Reports suggest he plans to keep 70% of the token’s supply for himself, further fueling speculation that this is more about financial gain than ideology. This would align with Ye’s previous attempts to monetize Nazi imagery, including selling T-shirts labeled “HH-01” (widely interpreted as shorthand for “Heil Hitler”), which were removed after a Super Bowl ad directed traffic to his website. Despite Ye’s claim that the token will launch next week, it remains unclear if the project will materialize—or if it is another instance of inflammatory rhetoric designed to provoke outrage. His latest post simply read: “Time to launch my own blockchain,” leaving his actual crypto ambitions uncertain. West was reportedly inspired by Official Trump ( TRUMP ), the meme coin President Trump launched two days before his second inauguration. It’s currently down 78% from its all-time high. Trump raised eyebrows for his similarly massive insider-ownership distribution: 80% of TRUMP is currently held by CIC Digital, a business entity with ties to the president. Ye, too, wanted an 80% ownership stake but was negotiated down to 70%, CoinDesk. Should his token achieve even a fraction of TRUMP’s success, his stake could still be worth many millions of dollars. What is certain, however, is that racist meme coins continue to test the boundaries of crypto’s “wild-west” nature while industry leaders grapple with how to moderate offensive content. Read more: CoinGecko denies fake screenshots alleging racist token listing
Kanye West (now Ye) had quite an eventful Saturday. The American rapper and businessman had yet another full-on Nazi meltdown, after failing to get Changpeng Zhao’s (CZ) phone number. Ye first teased plans for launching his “real” coin, then spiraled into a racial slur-filled tirade, as per usual. The hitmaker shared a chat with Mikey Shelton, who told him, “You are the brand. Whatever it is will do well. Some things are better than others. It’s about who you trust.” Another message showed Edward explaining , “Using Cardano as an example, they had the Cardano token, a wallet system, a whitepaper, a roadmap website, etc. You could set up a similar structure.” Kanye follows CZ, demands his number, then snapped Ye had suddenly followed Binance’s CZ on X Saturday, making him the only person he followed. The action immediately triggered collaboration rumors within the community, which CZ fueled with lighthearted replies to Ye’s tweets. Kanye then publicly asked CZ for his number, writing: “Wait Why all these n*ggas HONKEYS Jews & f*ggots won’t give me CZ’s number?” Moments later, he posted, “Oh wait CZ DM’d me I still stand on what I said though.” Ye was referring to the fact that CZ had commented under his tweet asking for the number and said “DM’ed you,” along with a laughing emoji. As of press time, CZ remains unfollowed by Ye, who has replaced him with Polychain Capital founder Olaf Carlson-Wee and grifter Dave Portnoy of Barstool Sports. Then, Ye posted an edited/rebranded Binance logo featuring a swastika with the caption, “New Binance Logo.” Yeah, it’s that bad. Now folks in the community are saying Binance’s CZ is definitely backing out of the collaboration now. CZ, notably, has remained quiet, but we don’t see how he’s gonna get over this. Community Notes warn Kanye’s crypto posts are a scam As Kanye rambled about his Nazi-inspired crypto (Swasticoin), Community Notes flagged his tweets, claiming he “sold access to his account to Christian Barker, aka @barkmeta on X.” Users pointed out suspicious changes in dark/light mode and time formats in his screenshots, saying that multiple people were posting from his account. One note read, “This will be a major liquidity extraction event.” Another warning said, “It appears that Ye has sold access to his X account to a known crypto scammer. His tweets may promote a malicious token launch and are intended to scam users. Please be cautious and avoid engaging with these tweets or any related links.” Ye posted a video of himself to prove he didn’t sell the account, with Olaf of Polychain. He has now ignored the warnings and keeps posting erratically. He declared, “I’M PUTTING MY SWASTICOIN ON A DEX BECAUSE ITS DECENTRALIZED.” Ye also said that his token was already attracting attention, writing, “PEOPLE WHO DIDN’T LIKE THE NAZI POSTS HITTING ME UP FOR THE CA ON MY SWASTICOIN. Wait What’s a CA?” At the same time, Kanye insisted he was creating a legitimate financial system. In one post, he wrote, “YEEZY IS HERE TO CREATE A REAL CURRENCY ANY FIELD I GO INTO I LEARN FROM THE BEST AND TREAT THEIR LIFE LONG WORK WITH THE HIGHEST RESPECT.” But minutes later, he contradicted himself again, stating, “I TRULY LIKE JEWISH PEOPLE THEY JUST CAN NO LONGER BE THE CREATIVE DIRECTORS OF THE PLANET THEY ARE THE BULLIES, NO I’M THE BULLY.” Cryptopolitan Academy: Are You Making These Web3 Resume Mistakes? - Find Out Here
A Brazilian man accused of masterminding a $290 million crypto Ponzi scheme has been extradited to the U.S., where he faces fraud charges and a potential 20-year sentence. Global Crypto Fraudster Faces U.S. Justice—Inside the $290M Bitcoin Scheme A Brazilian national has been extradited from Switzerland to the United States to face charges related to
On February 23, COINOTAG News reported that blockchain investigator ZachXBT has disclosed significant findings regarding the eXch centralized mixer. This platform has been implicated in assisting the notorious Lazarus Group
The post XRP Price Prediction For February 23 appeared first on Coinpedia Fintech News The latest analysis of XRP’s price chart suggests the cryptocurrency has likely reached its bottom, with predictions of a potential rise. Looking at the daily chart of XRP, the price has been trading sideways, bouncing between a major support level and resistance. The price is currently facing resistance between $2.65 and $2.80. On the downside, there is significant support around $2.50, and below that, a stronger support zone between $2.25 and $2.30. Resistance Levels According to analyst Josh of Crypto World, the primary resistance zone for XRP lies between $2.65 and $2.80. The price has yet to break above this range, and until it does, the upward movement remains limited. If XRP can close above the $2.80 mark with confirmed candles, we could see a continued upward movement towards $3. Once reaching $3, however, the price could encounter resistance again around this level. Support Levels On the downside, XRP has decent support at around $2.50. Should the price fall below this level, there is stronger support in the range of $2.25 to $2.30. If the price fails to hold these levels, it could signal further downside potential. Long-Term Predictions On the larger time frame, XRP began a rally in July and has been following a potential upward structure. The key support area is between $1.20 and $1.27, and as long as the price stays above this range, the bullish outlook remains intact. This sideways range between $1.20 and $4.20 has been a common pattern for XRP, and it could continue for a while. The current price movement suggests the upside may still be incomplete, and a break above the previous highs of $2.65 to $2.80 could signal a continuation toward the $5-$6 target range for the next cycle.
Solana is currently navigating through a challenging landscape, with its Total Value Locked (TVL) recently plummeting amid market instability. This decline has raised alarm bells about the viability of Solana’s