The UAE’s growing economic influence and deeper global ties are driven by its BRICS membership, strengthening connections with China and India and boosting international collaboration. UAE’s Economy Gains Momentum Through BRICS Alliance, Strengthening Ties With China and India The United Arab Emirates (UAE) has strengthened its economy and broadened its global connections through its membership
The analytics firm Santiment has revealed how social media traders have moved their attention to Bitcoin from Dogecoin and other memecoins recently. Dogecoin & Other Top Memecoins Have Seen A Decline In Social Dominance In a new post on X, Santiment has talked about how cryptocurrency market sentiment on social media has changed amid the latest bearish downturn. The indicator of relevance here is the Social Dominance, which keeps track of the percentage of social media discussions related to the top 100 coins by market cap that a particular asset or group of assets is contributing right now. The indicator measures the degree of discussion or talk related to an asset by counting up the number of posts that are making unique mentions of it. The reason it doesn’t count up the mentions themselves is that they can provide a false picture of the trend being followed in the sector. Related Reading: Bitcoin To Top Above $168,500 Based On This Indicator, Analyst Reveals Focusing on just the posts means that a few outlier ones with hundreds of mentions can’t skew the data by themselves and the metric only registers a spike when discussion is spread across the major social media platforms. In the context of the current topic, the Social Dominance of two asset classes is of interest: the Layer 1 Top 6 and the Memecoin Top 6. The former includes the six largest layer 1 networks (that is, blockchains that handle their own security and aren’t built on top of another network, like Bitcoin) and the latter the six largest meme-based tokens (like Dogecoin). Below is the chart shared by the analytics firm that shows the trend in the Social Dominance for these two types of cryptocurrencies over the last few weeks: As displayed in the graph, the Social Dominance of the Memecoin Top 6 was high a couple of weeks ago, implying social media users were highly interested in Dogecoin, Shiba Inu, and other such tokens. Since then, however, the metric has followed an overall downward trajectory for this class of assets. It would appear that investor attention has shifted to Bitcoin and other layer 1 assets, as their combined social dominance has risen during the same period. Historically, whenever Dogecoin and other memecoins have been at the center of attention in the market, it has been a sign that the investors are becoming greedy. Related Reading: XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why Cryptocurrency markets generally tend to move against the expectations of the majority, so it may not be a surprise that this greedy sentiment was followed by a downturn in the sector. The shift in Social Dominance to safer investments like Bitcoin would imply the investors are now becoming fearful. It’s possible that the sector would continue to decline in the coming days, but at least with the sentiment seeing a flip, there is more of a chance that a bottom can be reached. DOGE Price At the time of writing, Dogecoin is floating around $0.31, down more than 24% over the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Solaxy nears $5M presale goal, offering low entry prices and high staking APY to early investors on Solana's Layer 2. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solaxy nears $5M presale goal, offering low entry prices and high staking APY to early investors on Solana’s Layer 2. Table of Contents Solaxy presale outperforms similar projects as it gains momentum Solaxy aims to resolve the issues Solana’s users face Bolstered by robust investor security, Solaxy’s community sees rapid growth Solaxy (SOLX) is developing a Layer 2 solution to enhance the user experience on Solana , and investors are taking notice. Less than two weeks have passed since the presale started, and the project’s funds are just $419,000 away from the $5 million mark. Since the project is still in its early stages, investors have a chance to secure their share of SOLX at a low price and benefit from a massive staking APY to maximize their investment. Let’s take a closer look at this project and what it’s all about. You might also like: Crypto.com launches U.S. trust company Solaxy presale outperforms similar projects as it gains momentum The Solaxy presale officially opened its doors to early investors on December 12th, and it has already raised over $4.5 million. While the project’s scope plays its part in attracting investors, Solaxy is featured on Best Wallet’s Upcoming Tokens section, making it available to the app’s 100,000+ monthly users and boosting its visibility further. This makes it very similar to Pepe Unchained (PEPU), an Ethereum -based Layer 2 blockchain project that successfully ended its presale phase with over $73 million raised. Once its presale ended, PEPU launched on Uniswap and soared by more than 600% in the first 48 hours, securing listings on LBank, BingX, MEXC, and other exchanges as its price rose. Comparing the early success of these two presales puts Solaxy ahead, as Pepe Unchained took more than a month to raise $4.5 million. https://twitter.com/SOLAXYTOKEN/status/1870529241072173066 To enter the presale, investors can purchase SOLX using BNB, ETH, USDT , or a bank card. No minimum investment is required. Currently, SOLX costs $0.001576 each, but its per-token price will increase in just one day or if the presale raises another $273,000 by tomorrow. If Solaxy keeps its momentum, it could surpass PEPU’s success and potentially deliver better returns on launch. Solaxy aims to resolve the issues Solana’s users face Solana is among the top three blockchains by transaction volumes, and its daily transaction count has only increased with pump.fun’s launch. As such, its ecosystem is prone to network overloads and congestion that can result in failed transactions or slow transaction speeds. Solaxy intends to resolve these issues with its Layer 2 blockchain, which will reduce the burden on Solana’s Layer 1 chain by bundling up and processing transactions in its stead. This won’t just make Solana more scalable but also more cost-effective for its users. Plus, the bundled transactions will still be finalized on Solana’s network, leveraging its robust security. The development of the Solaxy Layer 2 blockchain is in full swing, fueled by 30% of the project’s total 138 billion token supply. Crypto analyst ClayBro has reminded his 134,000-strong audience on YouTube of the congestion issues Solana users faced in March, April, and June of 2024 during meme coin booms. As he anticipates a meme coin supercycle, ClayBro is impressed by Solaxy’s goal to improve Solana’s performance and advises his followers to enter the presale while it’s in its early stages. Bolstered by robust investor security, Solaxy’s community sees rapid growth Despite Solaxy’s ambitious goals and the utility of its upcoming Layer 2 blockchain, it’s a meme coin first, and as such, its success largely depends on the strength and trust of its community. The project’s 4-phase roadmap reveals it has a strong focus on community building. Its first phase prioritizes marketing, for which the project allocated 15% of its total token supply, and that has already attracted over 22,000 followers across Solaxy’s X (Twitter) and Telegram channels. The presale also adopts a dynamic model for staking rewards to encourage early adoption. As more SOLX gets added to the staking pool, the staking yields reduce, which rewards early participants with the best returns. https://twitter.com/SOLAXYTOKEN/status/1867318005660889427 Currently, the project offers an 859% staking APY, allowing investors to nearly 9x their token holdings long-term. Solaxy’s developers also emphasize investor security, with 10% of the total token supply reserved for liquidity to ensure a safe trading environment. Plus, Coinbase , a security firm, audited the project’s smart contract and found no issues in its code. Although volatility is as high as ever in the meme coin space, Solaxy stands a solid chance to explode following its DEX launch and the subsequent release of its Layer 2 blockchain. For more information, visit the Solaxy presale website . Read more: Chainlink introduces MEV recapture solution for DeFi Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
MicroStrategy adds three new members to its board of directors. The company continues to purchase Bitcoin, increasing its total holdings. Continue Reading: MicroStrategy Expands Board with New Members to Strengthen Bitcoin Strategy The post MicroStrategy Expands Board with New Members to Strengthen Bitcoin Strategy appeared first on COINTURK NEWS .
Recent unverified reports indicate that the United Arab Emirates (UAE) may hold over $40 billion in Bitcoin, which could position it as a leading global player in cryptocurrency. As speculations
Two 23-year-olds from California, Gabriel Hay and Gavin Mayo, were arrested in Los Angeles for allegedly defrauding investors of over $22 million in crypto assets through a series of NFT rug pulls. The United States Department of Justice announced that the pair face charges including conspiracy to commit wire fraud, wire fraud, and stalking. According to prosecutors, Hay and Mayo promoted various NFT and digital asset projects, providing misleading roadmaps and making “materially false and misleading statements” about their intentions to fulfill project promises. One such project, Vault of Gems, was marketed as the first NFT project “pegged to a hard asset.” However, prosecutors claim the duo abandoned the initiative after collecting millions from investors. Principal Deputy Attorney General Nicole Argentieri stated: “Gabriel Hay and Gavin Mayo allegedly defrauded investors in digital asset projects of tens of millions of dollars and threatened an individual who attempted to expose their roles in these fraudulent schemes.” When a project manager revealed their involvement in another NFT project, Faceless, Hay and Mayo allegedly resorted to harassment and intimidation, targeting the individual and their family. The Justice Department revealed that the duo used similar tactics across multiple projects, including Sinful Souls, Clout Coin, Dirty Dogs, MoonPortal, and Squiggles. To obscure their involvement, they reportedly misrepresented others as the project owners. Argentieri emphasized the Justice Department’s commitment to combating digital asset fraud, saying: “Fraudsters take advantage of new technologies and financial products to steal investors’ hard-earned money.” Officials vowed to work with law enforcement to uproot crypto fraud schemes and protect investors.
Could Web3Bay Transform the E-commerce Landscape? Latest Updates on Celestia & Tron Prices What’s currently turning heads in the cryptocurrency realm? Celestia’s innovative modular blockchain approach is gathering steam following the debut of its Mainnet Beta, Lemon Mint. Meanwhile, TRON (TRX) continues to grow, with its user base now exceeding 271 million and transaction volumes reaching unprecedented heights, enhancing its potential for further expansion. Now, enter Web3Bay, bringing a novel twist to decentralized e-commerce. Poised to be dubbed the blockchain’s Amazon, Web3Bay grants users unparalleled control and ownership over their shopping experiences. With promising returns on investment and a model centered around community governance, Web3Bay is emerging as a top contender among these innovative projects. Celestia: A Catalyst for Modular Blockchain Growth Celestia is rapidly carving a niche with its modular blockchain architecture, enhancing flexibility and scalability across a range of decentralized applications. The rollout of its Mainnet Beta, Lemon Mint, has been a pivotal event, positioning it as the first network dedicated to modular data availability, sparking widespread enthusiasm. This cutting-edge framework allows for multiple blockchains to operate simultaneously, tailored to distinct needs, thus escalating demand and triggering a rise in Celestia’s market value. Alongside its mainnet, Celestia introduced its native token, TIA, endowing holders with governance rights and participation in consensus mechanisms. Celestia’s capability in efficient data management and transaction execution establishes it as a frontrunner in redefining blockchain interconnectivity. Tron: Achieving Milestones in Growth & Transactions Tron has maintained a trajectory of solid growth, setting new records in both user base and transaction activity. With over 271 million accounts and upward of 50 million transactions weekly, Tron is solidifying its position as a powerhouse in the Web3 ecosystem. The recent 12.90% uplift in TRX prices is a testament to the increasing confidence in its scalability and operational efficiency. More than just numbers, Tron’s commitment to expanding decentralized applications and enhancing transaction speeds keeps it at the forefront of the industry. With analysts predicting continued increases for TRX in 2025, Tron’s vibrant ecosystem and ongoing innovations present an attractive prospect for those engaged in the evolving Web3 sphere. Web3Bay: A Powerhouse in Decentralized E-commerce Web3Bay is on track to shake up the world of decentralized e-commerce, setting its sights on becoming a major rival to established platforms like eBay. With cryptocurrency usage booming and an estimated 400 million crypto shoppers globally, Web3Bay’s marketplace is ready to capture a massive audience by offering a secure, user-centric space for online deals. What sets Web3Bay apart? It gives control back to the users, allowing them to handle their own data and transactions transparently—something you won’t find on traditional e-commerce sites. The early birds who invested in Web3Bay’s 3BAY token are already reaping big rewards. Those who got in at the first presale stage with the token priced at just $0.003 have seen an explosive ROI of 6430% by the time it reached $0.1959 in the final presale stage. Analysts are buzzing about the potential for an ROI of up to 40,000%. This standout early performance signals massive growth potential as Web3Bay gears up for its full launch, promising a more user-friendly and decentralized shopping experience that could attract even more users. Web3Bay isn’t just another e-commerce site; it’s a community-driven platform where users have a say in its future, leading to a deeply engaged community dedicated to the platform’s success. Poised to challenge the biggest names in e-commerce, Web3Bay combines the clear benefits of blockchain transparency with solid e-commerce functionalities, making it an irresistible option for anyone excited about the future of online shopping powered by cryptocurrency. Don’t miss out on what could be the next big thing in e-commerce. The Final Thought With distinct advantages in their respective areas, Celestia, Tron, and Web3Bay are each defining their spaces within the crypto ecosystem. Celestia’s flexible and scalable modular blockchain is drawing significant attention for its novel approach. Tron’s continuous growth in user numbers and transactions underscores its robust presence in Web3. Yet, Web3Bay stands out with its dedicated focus on decentralized e-commerce, appealing to the vast and growing demographic of crypto users while offering substantial ROI. Ready to rival well-established platforms, Web3Bay blends community-driven governance with blockchain transparency, positioning itself as a thrilling option for the future of online commerce powered by cryptocurrency. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
Unverified reports suggest the UAE holds $40B in Bitcoin, potentially surpassing the U.S. and China. The market wonders: will it sell or hold for the long term?
For crypto enthusiasts, 2024 has been a busy and rewarding year. From the approval of Bitcoin and Ethereum spot ETFs to Trump being re-elected as U.S. President, bringing hope for clearer crypto regulation, and Bitcoin breaking the $100,000 mark, we have witnessed milestone after milestone in the crypto industry. This year, HTX Square has also made significant strides. We have kept pace with industry developments, staying at the forefront of market trends. Leveraging HTX’s industry-leading strengths, we produced a wealth of professional and engaging crypto content. Through a unique lens, we presented readers with a vivid picture of HTX and the broader crypto ecosystem. We also launched several interactive events in the HTX Community, engaging users with fun topics and rewards, garnering widespread participation and praise. These achievements were made possible by the support and help of our users throughout the year. Our unwavering goal remains to become “the Ultimate Destination for Crypto Enthusiasts.” With Christmas and the New Year approaching, the grandest celebration has already begun. HTX Square is launching a special “Holiday Season Giveaway” event to express our heartfelt thanks and show our appreciation to our users. Event Details: In 2025, HTX Square aims to create even higher-quality content, making continuous progress in the crypto world alongside more users. What are your New Year’s wishes? Feel free to share them with us here . Fill in your 2025 New Year’s wishes and complete the simple HTX Square survey for a chance to win a share of 200 USDT in prizes. Additionally, participants who provide feedback and suggestions for the development of HTX Square will get an extra chance to win a share of 100 USDT. Event Link: http://sw6tpxomzdxduimk.mikecrm.com/hcsK1Mo Event Period: December 24, 2:00 – January 5, 15:59 (UTC) Prizes: Good Fortune Prize (10 winners): 20 USDT each Progress Prize (10 winners): 10 USDT each Rules: To participate in the “Good Fortune Prize” raffle, complete the event form with your HTX UID, 2025 New Year’s wish, and the HTX Square survey questions. To be eligible for the “Progress Prize” raffle, provide feedback and suggestions for HTX Square’s development, or share what new content you would like to read in 2025. All winners will be selected via random drawing. Participants are eligible to win both the “Good Fortune Prize” and the “Progress Prize.” Participants must complete L3 KYC verification before the end of the event to be eligible for rewards. If a winner has not completed L3 KYC verification, they will forfeit their eligibility. Once the lucky draw picks are made, HTX Square will publish the list of winners in the HTX Community. The post Holiday Season Giveaway! Celebrate Christmas with HTX Square and Kick Off 2025 with Good Fortune first appeared on HTX Square .