Jacó, Costa Rica – December 6, 2024 – Gateway2Fortune is moving forward with a decentralized, transparent platform that combines the best in online lotteries, casinos, and e-gaming. Players can enjoy secure transactions, fair outcomes, and seamless experiences across interconnected platforms. Whether it is the high-payout lottery, crypto-powered casino games, or competitive e-gaming, Gateway2Fortune guarantees excitement and rewards for every player. Gateway2Fortune introduces three interconnected gaming experiences: MERV Casino The casino is already live. It offers a comprehensive selection of classic table games, slots, and live casino options. Players can gamble with crypto or cash, enjoy personalized bonuses, and address the AI assistant MERV for an optimized gaming experience. G2F token holders receive extra play money and revenue-sharing benefits. These factors enhance the value of engagement. MERV Crypto Fortune Lottery The launch is scheduled for January 1, 2025. This lottery platform is built on blockchain technology, using ETH smart contracts to provide transparency. Random Number Generator (RNG) certification guarantees fair draws, and ticket purchases are made in stablecoins. Participants will be able to enjoy an industry-leading 80% payout rate and the thrill of Powerball Jackpot paid in G2F tokens. E-Game 4 Cash Platform This platform is launching on February 1, 2025. It will connect global gamers, allowing them to bet on their own gameplay. Wagers are made exclusively in G2F tokens, driving token demand while offering players thrilling competitions, skill-building opportunities, and cash prizes. Revenue sharing with G2F token holders adds a communal dimension to the excitement. The CEO of Gateway2Fortune emphasized, “Life is fragile, we are not guaranteed a tomorrow, so give it everything you’ve got.” The platform’s ecosystem is further enhanced by the exclusive G2F token , which unites the lottery, casino, and e-gaming platforms. Token holders gain additional rewards, creating a mutually beneficial environment both for players and investors. About Gateway2Fortune It is a licensed online gambling platform under the Anjouan Licensing Board (License No. ALSI-202410018-FI1). The platform’s global aspirations include expanding into emerging markets such as South America, Asia, and Africa, offering unparalleled gaming experiences to players worldwide. Lottery Highest win chances, capped tickets for fairness, and blockchain-verified results. Casino AI-powered management, versatile payment options, and custom bonuses. E-Gaming Competitive gameplay, global community, and integrated crypto ecosystem. Gateway2Fortune’s development team is dedicated to innovating new games and variations. A global marketing campaign is going to attract players from diverse regions, ensuring a broad audience for its unique offerings. The platform's long-term vision includes creating a comprehensive gaming ecosystem powered by the G2F token. For further information, visittheir official website and refer to the specified social media sources: Telegram https://t.me/g2fcommunity X https://x.com/Gateway2Fortune Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Mo Shaikh, co-founder and Aptos Labs CEO, has announced his resignation from the company. Shaikh will step down as CEO but will continue as a strategic advisor. He will stay involved with the blockchain platform during its transition to new leadership and its next phase of growth. Aptos Labs CEO Mo Shaikh Steps Down, Co-Founder Avery Ching Takes Over In a lengthy post on X , Aptos Labs CEO Mo Shaikh shared that he is stepping down from his role as CEO, with co-founder Avery Ching taking over. Shaikh co-founded Aptos Labs with Ching three years ago, building a robust blockchain ecosystem centered around the Move programming language. Shaikh expressed pride in Aptos’ accomplishments, including raising $400 million in venture capital and creating a globally trusted platform for over 1,000 developers and innovators. He emphasized his confidence in Ching’s leadership, stating that Ching is well-positioned to guide Aptos through its next stage of growth. This Is A Breaking Update, Please Check back for more The post What’s Next Aptos Labs As Co-Founder and CEO Mo Shaikh Quits appeared first on CoinGape .
Osprey Funds, LLC, a U.S.-based crypto investment firm, has announced that the Osprey BNB Chain Trust is now publicly quoted on the OTCQX® Best Market. Interestingly, the fund happens to be the first in the US to provide exposure to BNB, the native token of the BNB Chain ecosystem. It aims to offer a way for investors to access the cryptocurrency through traditional brokerage and IRA accounts. BNB Gains US Accessibility In its official press release this week, Osprey highlighted that BNB underpins various decentralized applications, DeFi protocols, and smart contracts, and while it remains unavailable on centralized exchanges in the US, the latest fund would provide a means for investors to gain exposure using USD. Following the development, Greg King, CEO of Osprey Fund, commented, “At Osprey, we are committed to bridging the gap between traditional finance and digital assets, offering investment solutions for those looking to participate in the generational transformation enabled by blockchain technology. The launch of the Osprey BNB Chain Trust underscores our focus on providing access to premier crypto assets.” Previously offered through private placement, the Osprey BNB Chain Trust is now accessible to a broader audience via the OTCQX market. Confirming the news, Binance co-founder and former CEO Changpeng “CZ” Zhao also tweeted , “$OBNB. The first publicly-quoted U.S. $BNB fund! This was done with no involvement from me. I only learned about it a couple of days ago. Strong community!” BNB Ecosystem So Far At the time of writing, BNB is the fifth-largest crypto asset by market cap. It reached an all-time high above $780 in the first week of December amid a broader market rally. The price has since undergone minor correction and is currently near $702. BNB was still up by more than 182% over the past year. Despite this bullish momentum on the price front, BNB Chain faced a surge in sandwich attacks in November, with a record 35.5% of its blocks affected. These attacks, involving MEV techniques like front-running, exploited the chain’s decentralized exchange (DEX) transparency, impacting 43,400 traders. The post Osprey Funds Launches First US Publicly Quoted BNB Trust appeared first on CryptoPotato .
Metaplanet Inc. has started trading on the U.S. OTCQX Market under “MTPLF,” focusing on Bitcoin holdings. The company has introduced strategies like selling put options to increase profits. Its stock surged 7%, with a 2,200% growth year-to-date. Metaplanet Inc., Japan’s first publicly traded company focused on Bitcoin, has begun trading its shares on the U.S. OTCQX Market. The company recently adopted Bitcoin Treasury strategy now will trade under the ticker symbol “MTPLF.” Why the U.S. Market? Metaplanet’s decision to list on the OTCQX Market comes under the interest in Bitcoin and its financial growth. The company focuses on accumulating Bitcoin as a core part of its business model from institutional and retail investors. At the general meeting of Shareholders on December 13, 2024, Shareholders approved an increase in the shares to 145,000,000, which pave the way for continued Bitcoin accumulation. By listing its shares in the U.S., Metaplanet it could get the wider range of investors. Simon Gerovich, the President of Metaplanet, expressed about the move, highlighting how it provides U.S. investors with easier access to the company. He sees this as a strategic step in expanding Metaplanet’s influence in the global Bitcoin ecosystem. The OTCQX Market is a well-established platform that allows international companies to trade their shares in the U.S. without the need for SEC registration. Companies on this market must follow strict financial rules and good business practices, making sure Metaplanet’s shares are reliable and safe for U.S. investors. Metaplanet’s Bitcoin Treasury Strategy Metaplanet’s main strategy is to buy and hold Bitcoin as its key asset. The goal is to grow the value of its Bitcoin over the years which is also creating long-term benefits for its shareholders. By using Japan’s low borrowing costs and stable interest rates, the company plans to increase its Bitcoin holdings. Along with buying more Bitcoin, Metaplanet is finding new ways to make money. For example, the company is selling put options, which helps them earn profits while they continue to build their Bitcoin holdings. This strategy helps Metaplanet handle changes in the value of currencies, especially when the Japanese yen is getting weaker against the U.S dollars. Metaplanet’s business also extends to its exclusive license for Bitcoin Magazine Japan, which enables the company to generate revenue through marketing, educational initiatives, and expanding the Bitcoin ecosystem in Japan. After the announcement, the company’s stock surged by over 7% on the Japanese exchange, reaching ¥3,770. According to Google Finance data, stock growth of more than 2,200%. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Craig Wright, an Aussie native who’s been loudly claiming he’s the mastermind behind Bitcoin, Satoshi Nakamoto, was handed a 12-month jail sentence, suspended for two years, by a U.K. court for contempt. This decision came down after Wright reportedly ignored a court order that barred him from pushing more legal claims tied to his Bitcoin
The survey shows younger voters use cryptocurrency more than older generations. Demographics reveal a higher likelihood of cryptocurrency use among men and minorities. Continue Reading: Youth Engage with Cryptocurrency More Than Older Generations The post Youth Engage with Cryptocurrency More Than Older Generations appeared first on COINTURK NEWS .
A war for on-chain market dominance may be brewing. The question: What will be the collateral of choice in the decentralized finance (DeFi) economy? As of press time, DeFi protocols across all ecosystems have locked in almost $132 billion in value, according to DeFiLlama data, inching closer every day to their 2021 high of $175 billion. The majority of those pledged funds take the form of ether ( ETH ) and derivatives like yield-producing staked ether liquid tokens ( stETH ) and wrapped eETH ( weETH ), with wrapped bitcoin ( wBTC ) and stablecoins as a whole competing for fourth and fifth place. But the team behind Bitcoin-based DeFi protocol Lombard Finance intends to shake things up with LBTC, a new liquid bitcoin token. The idea, according to Lombard co-founder Jacob Philips, is to dethrone ETH and stETH and install bitcoin as the collateral of choice in the entire on-chain economy. “On centralized venues, bitcoin is the prime collateral. There's no question about this. Why is it not the case in DeFi?” Philips told CoinDesk in an interview. “Bitcoin only does one thing well, and it's being a rock-solid store of value. It is the perfect collateral. There's no reason that we shouldn't be building DeFi on top of bitcoin.” Bitcoin has had a formidable year, surging 133% since January 1 thanks to political tailwinds in the U.S. and the massive success of its almost year-old spot exchange-traded funds. Ether, for its part, has underperformed significantly by “only” rising 54% in the same period of time, despite being four times smaller in terms of market capitalization. With demand for bitcoin increasing by the day — and ever-increasing chatter about a potential U.S. strategic bitcoin reserve under the incoming Trump administration — it isn’t crazy to think the asset could play a bigger role on-chain. That, in turn, could transform the way DeFi as a whole operates. “Bitcoin is going to be the next big source of liquidity for every DeFi protocol, on every chain. It’s just a massive influx of net new capital,” Philips said. Noting that bitcoin has a market cap close to $1.9 trillion, he said: “Even if we only get a fraction of that, it would still put a ton of new activity into the ecosystem and make DeFi more efficient — maybe even get to the point where DeFi protocols, through passive liquidity, rival the liquidity on centralized exchanges.” Bitcoin with a yield? A big difference between bitcoin and ether is that you can lock in the latter asset on the Ethereum network — a process called staking — to help secure the blockchain, and earn interest, paid in ETH. At press time, staked ether offers a 3.12% yield annually, according to CoinDesk's composite ether staking rate (CESR) index . The Bitcoin network doesn’t offer such capabilities, but Lombard aims to provide a yield-bearing bitcoin token through Babylon, a protocol designed to let users stake bitcoin in order to secure other blockchains. It goes like this: Users give Lombard some bitcoin, Lombard stakes these coins through Babylon, then it mints one LBTC token for each BTC staked. These LBTC tokens follow the ERC-20 standard, meaning they can be used across Ethereum and all of its protocols. That interest rate on LBTC will be paid by the blockchains secured through Babylon, or so the theory goes. Nine different projects — Corn, BOB, Cosmos Hub, Nubit, Fiamma, Manta, LayerEdge, Chakra and Pell — have started or completed integration to Babylon’s blockchain development environment, or devnet, so far, Coleman Maher, growth lead at Babylon, told CoinDesk. These integrations should go live next year, after Babylon’s own layer 1 goes live. Babylon isn’t giving out any staking rewards right now, but that hasn’t prevented the protocol from accumulating $5.6 billion in value, making it the 10th biggest protocol by value locked across all of DeFi, according to DeFiLlama. So why are people so eager to lock up their bitcoin on Babylon? Possibly because it’s running a points program, meaning that early depositors could eventually receive an airdrop when Babylon issues its own token. Fierce competition Out of the $6 billion staked on Babylon, over $1.5 billion was plugged through Lombard to create LBTC tokens. In the absence of Babylon-issued staking rewards, these tokens aren’t providing any yield yet. “Users aren't choosing to hold ether or bitcoin based on staking yield alone,” Philips said. “There are much broader reasons why they're choosing one or the other," such as the potential U.S. bitcoin reserve and regulators’ views towards the two assets. "And the yield is a little bit of a cherry on top.” It’s important to note that DeFi users already can use bitcoin as collateral (although without any yield) thanks to wrapped bitcoin. At press time, wBTC’s market capitalization stood at $13.1 billion. That’s only 20% away from its 2021 all-time-high, despite concerns that wBTC’s issuer, crypto custody and trading firm BitGo, is sharing custody of the underlying bitcoin with BiT Global, an entity partially owned by TRON founder Justin Sun. Sun has been accused of fraud and market manipulation in the U.S. Even so, as of December 6, wBTC only accounted for $5.7 billion worth of collateral in some of the largest DeFi protocols, per Lido data, whereas $14.5 billion in ETH was being used, and $11.1 billion worth of stETH. Even "wrapped ether," or eETH — a relatively new liquid token that allows users to benefit from EigenLayer restaking rewards at the same time as native ETH staking yield — provided $5.8 billion in collateral. In fact, stETH and weETH have been slowly eating into other coins’ market share, to the point that ARK Invest stated in a recent report that the entire DeFi economy was reorganizing itself around stETH and the benchmark yield provided by staked ETH. Other tokens — like Solana’s SOL or Avalanche’s AVAX — offer higher interest rates for staking, the implication being that these assets, being more volatile, are riskier to hold in the long run. Stablecoin lenders have also felt pressure from stETH’s ascent, ARK Invest said, with Sky ( SKY ) (formerly MakerDAO) increasing locked DAI’s interest rate, while rewards for lending stablecoins on Aave ( AAVE ) and Compound ( COMP ) have grown, because users would rather lend stETH and borrow stablecoins than lend stablecoins directly. Not to mention the various tokenized money market funds being developed by financial giants such as BlackRock and Franklin Templeton, which could end up allowing DeFi users to gain exposure to U.S. Treasury bills and use such tokens as collateral. So LBTC is facing tough competition. But Philips says the token can succeed where wBTC has struggled thanks to that extra little push afforded by its yield. “Staking yield will be generated in time. The LBTC yield is expected to be in the range of the ETH staking rate,” he said. “Lombard’s initial goal is just to get people to take their bitcoin out of the coldest of cold storage, and just take the most primitive step into on-chain finance. And then we'll show you the battle-tested protocols, safer than your bank, that exist out there,” Philips added. “It's possible that the yield could dry up. LBTC as an asset, producing any amount of yield, would still be an attractive asset.” The pitch has certainly been met with interest. Lombard raised $16 million this summer from a number of heavy-hitters, including Polychain Capital, Franklin Templeton and Nomad Capital. Philips said that entities already familiar with DeFi had been the most enthusiastic. “Anybody who has dabbled in crypto already, it's an easy pitch to get them onboard for bitcoin staking. Or at least they're very open to the conversation.”
The digital asset market has faced one of its most substantial crypto liquidation events in recent weeks, driven…
Smart DEX Traders and whales take profits as WLD declines but the $2.40 support shows signs of holding.
Two days ago, a crypto analyst accurately forecasted a Dogecoin price crash, which has since taken place. According to the analyst’s latest projections, Dogecoin is poised for a steeper decline, with an anticipated 30% crash from its current trading price. Analyst Forecasts 30% Price Crash The Dogecoin price has crashed to $0.35, marking a substantial 14% decrease over the past seven days. Earlier this month, Dogecoin was trading above $0.4 after experiencing a sharp rise driven by the positive market sentiment fueled by Donald Trump’s victory in the US Presidential elections. Related Reading: Bitcoin Price Still Mirroring Bullish Move From 2023, What To Expect After Hitting $108,000 ATH A TradingView crypto analyst, known as the ‘MMBTrader’ who accurately predicted Dogecoin’s recent price crash, has now updated his forecasts to warn of further potential declines. The analyst shared a chart, analyzing Dogecoin’s price action and potential future movements. Currently trading above $0.3, the DOGE price is slowly approaching a critical resistance, illuminated by the red zone at the $0.438 level. The red arrow on the chart illustrates a potential short-term correction, set to trigger a Dogecoin price crash to the central support zone near the $0.25 mark. This substantial price drop would indicate a 30% decline from Dogecoin’s current price. Additionally, the analyst suggests that this projected price crash is a retracement, aligning with 0.618, the Fibonacci level indicated on the chart. The TradingView analyst has also revealed that if the Dogecoin price can establish strong support at the $0.25 level, it could confirm a bullish trend continuation. Such a development could pave the way for a potential Dogecoin price rally in the near term. Moving ahead, the green arrows in the analyst’s DOGE price chart represent the next potential phase pump. The analyst has predicted that a solid rebound from the $0.25 support level could trigger a new bullish phase for Dogecoin. Additionally, he projects a new bullish target towards the $0.75 area for Dogecoin, marking a significant leap to new price highs. Overall, the TradingView analyst has pinpointed $0.45 as the level to watch out for. Although a drop to $0.25 would mark a 30% crash for Dogecoin, a potential surge to $0.75 would represent a 115% price increase. Dogecoin Price Breakout To $1 Sighted While Dogecoin faces volatility and declines, Trader Tardigrade, a prominent crypto analyst, has expressed confidence regarding the meme coin’s potential shift to the upside. According to the analyst, Dogecoin is currently moving in a defined range between $0.33 and $0.49, highlighted by the purple rectangle in the price chart. Related Reading: XRP Price Ready To Run To $11 ATH? Alternative Larger Metrics Show The Answer Looking at the chart, this range represents a period of consolidation during which the price of Dogecoin appears to fluctuate between resistance and support zones. The analyst has depicted that a breakout above the range’s upper boundary could continue Dogecoin’s rally to new all-time highs at $1.05. Featured image created with Dall.E, chart from Tradingview.com