What is Enjin? Enjin is a full-stack blockchain ecosystem designed for games, apps, and virtual economies. From the Enjin Wallet to NFT.io and Beam, it gives developers everything they need to build player-driven digital worlds where assets are real, ownable, and liquid. Launched as a gaming community platform back in 2009, Enjin pivoted to blockchain in 2017 and went on to co-create ERC-1155 , the now-standard multi-token NFT format on Ethereum. In 2023, Enjin leveled up again - launching the Enjin Blockchain , a purpose-built Substrate chain optimized for NFTs, gaming, and low-cost digital ownership. The Enjin Ecosystem Enjin isn’t just a blockchain - it’s a toolkit, a platform, and a thriving economy. Here’s how it breaks down: Enjin Blockchain : A high-throughput, eco-friendly Layer 1 built specifically for NFTs and digital assets. Proof-of-Stake, fast, and optimized for real in-game economies. Enjin Wallet : A secure mobile wallet for managing crypto and NFTs, trusted by millions. NFT.io : A fully integrated marketplace for creating, trading, and distributing NFTs on the Enjin Blockchain. Enjin Platform SDKs : Dev tools that allow games and apps to integrate NFTs in under 24 hours. Enjin Beam : A QR-based NFT distribution tool that turns NFT drops into real-world engagement events. Whether you're building the next Web3 MMORPG or dropping limited-edition assets at a live event, Enjin’s ecosystem gives you plug-and-play infrastructure. At the Core: Enjin Coin (ENJ) $ENJ is the native token of the Enjin Blockchain. It’s the governance and utility token that powers the Enjin ecosystem and is used by all games, products and services using Enjin for a variety of purposes. Governance & Staking - Stake ENJ coin, elect validators, vote on proposals and steer the future of the ecosystem. Transaction Fees - ENJ is used to pay for gas costs for every on-chain action. Trading - ENJ is the native trading token for the Enjin on-chain marketplace. NFT Minting - ENJ is used to create, mint, send, and infuse NFTs. ENJ Infusion - ENJ can be locked into an NFT to give it intrinsic value. The ENJ can be redeemed by destroying the NFT and releasing the ENJ to its holder. ENJ-Backed NFTs: Value You Can Redeem One of Enjin’s key innovations is ENJ-backed NFTs - each asset is minted with a specific amount of ENJ inside it. That ENJ is locked in the NFT and can be “melted” back out at any time by the holder. Game items with reserve value Digital collectibles with liquidity Tradable goods backed by real economic weight This feature gives NFTs a floor value, promotes sustainable ecosystems, and gives players true ownership with exit options. Adoption & Partnerships Enjin doesn’t just talk to builders - they’re building with the best: Microsoft - Azure Heroes badge system Square Enix - NFTs for gaming content Samsung - Integration into Galaxy Store 100+ indie and AAA developers - across AR, RPGs, card games, and Minecraft servers These aren’t test projects - they’re deployed, live integrations across mainstream and Web3-native platforms. What’s New? Enjin Blockchain launched in Sept 2023 with full migration from Ethereum and Polkadot Triple migration streamlined asset ownership and developer experience As of May 2024, 95% of ENJ supply unlocked , showing ecosystem maturity Enjin is no longer in beta mode. It’s shipping production infrastructure for the next wave of Web3 gaming. Fun Fact The ERC-1155 token standard - now used by every major NFT platform - was proposed by Enjin CTO Witek Radomski back in 2018. What started as a gaming upgrade became the bedrock of the modern NFT movement. Enjin has been in the game since before Web3 was a buzzword - and now they’re powering some of the most advanced tools for blockchain gaming anywhere. If you're building the future of digital economies, Enjin already built the infrastructure
The market is buzzing with excitement as digital currencies navigate a new landscape. Popular names like Ethereum and Solana show little movement, remaining steady against the storm. Meanwhile, AI-driven tokens are catching eyes with their potential. Codename:Pepe is leading the pack, promising a blend of humor and impressive gains. Codename:Pepe emerges as an intriguing new project embracing artificial intelligence. It aims to revolutionize trading by offering exclusive insights and automated strategies. This unique token is stirring interest, banking on a community-driven approach to foster growth and success. As the crypto arena evolves, Codename:Pepe invites investors to join its covert mission. Codename:Pepe Merges AI Functionality with Viral Meme Coin Appeal Codename:Pepe is a new cryptocurrency project that combines AI-driven functionality with the viral appeal of meme coins, two of the most prominent trends today. Interest in AI-driven crypto projects has skyrocketed, with blockchain-based AI solutions gaining more attention from investors. But not all AI tokens are created equal—many simply use "AI" as a marketing buzzword without offering real value. Where Codename:Pepe Fits in the Crypto-AI Boom In contrast, Codename:Pepe aims to blend AI innovation with blockchain utility, while also calling out projects that fail to live up to their AI claims. This approach helps Codename:Pepe stand out in an increasingly crowded space. Codename:Pepe is designed to be an intelligent and adaptive platform. According to its developers, the project’s AI framework will be able to: Identify Emerging Meme Coins: By constantly monitoring social media and on-chain activity, Codename:Pepe spots early trends and high-potential tokens before they gain mainstream attention. Analyze Market Sentiment: AI-driven algorithms evaluate discussions, hype levels, and whale movements to determine which coins have the most momentum. Provide Actionable Trading Insights: Generates AI-backed forecasts, risk assessments, and early buy/sell signals to maximize trading efficiency. Optimize Auto-Trading Strategies: Uses real-time data to adjust automated trading strategies, ensuring adaptability in fast-moving market conditions. The development team behind Codename:Pepe is focused on expanding both AI capabilities and blockchain integration, ensuring the technology evolves alongside the crypto market. A Smart Presale Strategy for Early Investors Codename:Pepe has decided to go with a community-driven presale model, giving early supporters access to the project at the best prices. The presale has a structured, multi-stage approach, designed to reward early adopters with big discounts: At stage 1, the $AGNT token was offered at $0.003333333. It goes through 28 stages, and its price increases incrementally. Those who buy $AGNT earlier get a bigger discount. Secure Your Codename:Pepe ($AGNT) Token Before the Next Price Increase What Makes $AGNT a Compelling Investment Choice Codename:Pepe combines two of the most attractive elements in today’s crypto market: AI-driven innovation and meme coin virality. The project’s focus on real AI capabilities and community-driven growth positions it as a standout among new crypto launches. With a limited presale supply and increasing price tiers, $AGNT offers early investors the potential for significant returns as adoption grows. The Codename:Pepe Community is Growing – Join the Mission Now! Ethereum’s Journey: Pioneering Decentralization and Eyeing the Future Ethereum is a blockchain platform that powers decentralized applications, known as dApps, without central control. It was the first to introduce smart contracts, which are self-executing agreements coded on the blockchain. This innovation has led to a vibrant ecosystem of applications, from decentralized exchanges to lending platforms. What sets Ethereum apart is its ability to create tokens, called ERC-20 tokens, used within these applications. They serve various purposes like governance, utility, or as stablecoins like USDT and USDC. Despite the variety of tokens, transaction fees, known as gas fees, are still paid in Ether (ETH), Ethereum's native coin. Since its launch in 2015, Ethereum has evolved significantly. In 2022, it transitioned to a Proof-of-Stake system with an upgrade called the Merge. The next big step is sharding, which will split the blockchain into smaller pieces to improve scalability and reduce fees. These developments aim to make Ethereum more efficient and accessible. Historically, Ether has shown strong growth, reaching an all-time high near $4,900 in 2021. Analysts believe it could surpass this peak in the future, driven by the rise of decentralized finance (DeFi), non-fungible tokens (NFTs), and greater adoption. While price predictions vary, many see significant potential for ETH by 2030 and beyond. In the current market cycle of 2025, Ethereum remains a leader in the crypto space. Its ongoing innovations and widespread use make it an attractive option for those interested in blockchain technology and digital assets. The future looks promising as Ethereum continues to pioneer in decentralization. Solana: The Rising Star of Blockchain Poised for a Bright Future Solana is a blockchain platform launched in 2020 by Anatoly Yakovenko. It aims to solve the speed and scalability issues of older blockchains. Capable of processing over 50,000 transactions per second, Solana is one of the fastest blockchains available. The secret behind Solana's speed is its unique technology called Proof-of-History (PoH). This allows the network to timestamp transactions, processing them efficiently. Combined with Proof-of-Stake (PoS), Solana offers a powerful blockchain that attracts many developers and users. In 2021, Solana's native token, SOL, saw a remarkable price surge. From July to November, its value increased by over 600%, reaching an all-time high of about $260. This growth showcased Solana's potential and drew attention from investors. In the current market, Solana continues to show promise. Its speed and low fees make it a strong competitor to platforms like Ethereum. With increasing adoption and a growing ecosystem of apps, many find Solana attractive. Looking ahead, analysts predict a bright future for Solana. Some forecasts suggest that SOL could reach prices exceeding $500 in coming years. While predictions vary, the general sentiment is optimistic about Solana's growth. Conclusion Currently, established cryptocurrencies like Ethereum (ETH) and Solana (SOL) are experiencing minimal movement, indicating less potential in the short term. As these prominent coins show limited growth, investors are turning their attention to innovative tokens that demonstrate stronger performance. Codename:Pepe crypto emerges as a notable contender, unleashing true intelligence to achieve maximum profits. By utilizing advanced AI to analyze market trends and execute automated trades, it offers a powerful tool for navigating the dynamic meme coin market. With its unique approach and community-driven model, Codename:Pepe crypto provides a compelling alternative for those seeking significant gains amid the stagnation of traditional cryptocurrencies. Find out more about Codename:Pepe crypto here: Codename:Pepe ($AGNT) Website Codename:Pepe ($AGNT) Telegram Codename:Pepe ($AGNT) Twitter/X Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
James Wynn took his HYPE profits eliciting uncertainty on the altcoins next move after the recent surge.
Metaplanet, a Tokyo-based investment firm, has just taken its Bitcoin holdings to 8,888 BTC after buying 1,088 more coins. According to official figures, each of the newly acquired Bitcoins cost about $107,770, for a total outlay of roughly $117 million. Based on reports, the company’s average cost across all its Bitcoin purchases stands at $93,354 per BTC. With 8,888 coins now in hand, Metaplanet has so far invested close to $830 million. At today’s prices, that stash is worth around $932 million, leaving the firm with an unrealized gain of nearly $103 million. Metaplanet Hits Milestone Metaplanet began buying Bitcoin in April 2024. Since then, it has moved faster than many long‐time holders. Block Inc., which started its Bitcoin program in October 2020, currently has 8,584 BTC, making it just behind Metaplanet. *Metaplanet Acquires Additional 1,088 $BTC , Total Holdings Reach 8,888 BTC* pic.twitter.com/X2clAIKNbR — Metaplanet Inc. (@Metaplanet_JP) June 2, 2025 BitcoinTreasuries data shows Metaplanet is now the 10th‐largest publicly traded Bitcoin holder. By contrast, Strategy (formerly MicroStrategy) leads the pack with 580,250 coins, and El Salvador’s national reserves stand at 6,195 BTC. Cost And Market Value According to the latest update, Metaplanet spent about $117 million on its most recent 1,088 BTC purchase. In total, the firm has poured nearly $830 million into its Bitcoin treasury. As of June 2, 2025, those 8,888 coins are valued at approximately $932 million. That leaves an unrealized gain of around $102.5 million on the books. The report also shows that Metaplanet’s Bitcoin Yield hit 96% between January 1 and March 31, 2025. From April 1 to June 2, 2025, the yield stands at 66%. Shifting Corporate Strategies Other firms are following the same path. Strategy holds 580,250 Bitcoins and has hinted at another buy on social media. DDC Enterprise just added 79 BTC to bring its total to 100. Jetking, a firm listed in India, added nearly six coins and now holds 21. Orange is my Preferred Color pic.twitter.com/rc9JIcJOAT — Michael Saylor (@saylor) June 1, 2025 Meanwhile, Brazilian company Méliuz is planning a public share sale to raise R$450 million (about $78 million) with the aim of buying Bitcoin. Based on reports, DDC’s CEO Norma Chu said Bitcoin’s limited supply and 24/7 liquidity fit their treasury needs. Global And Sovereign Moves Governments are also stepping in. El Salvador has piled up 6,195 BTC in its national reserve. Across borders, Panama’s state‐owned bank plans to open Bitcoin savings accounts and allow tax payments in crypto. Metaplanet has acquired 1088 BTC for ~$117.3 million at ~$107,771 per bitcoin and has achieved BTC Yield of 225.4% YTD 2025. As of 6/2/2025, we hold 8888 $BTC acquired for ~$829.7 million at ~$93,354 per bitcoin. $MTPLF pic.twitter.com/FYjiHiOIzL — Simon Gerovich (@gerovich) June 2, 2025 Panama City’s mayor, Mayer Mizrachi, announced these moves during the Bitcoin Conference 2025 in Las Vegas. Tower Bank in Panama also agreed to accept cryptocurrency tax payments, signaling growing official support. Looking Ahead Metaplanet has set a target to reach 10,000 BTC by the end of 2025. With 8,888 coins already secured, the firm is at nearly 89% of that goal. The company’s CEO, Simon Gerovich, marked the milestone with a post celebrating the lucky “8888” figure. Featured image from Unsplash, chart from TradingView
The post Crypto India Goes Big in June – Major Legal Clarity Expected appeared first on Coinpedia Fintech News After years of uncertainty, India is finally taking a decisive step on cryptocurrency regulation. This move follows global momentum after U.S. President Donald Trump endorsed crypto assets , prompting several nations to reassess their stance. While countries like Pakistan surprised the world by proposing a government-led Bitcoin reserve , India remained hesitant. But now, a major shift is underway. India Prepares to Release a Crypto Discussion Paper India is set to release a comprehensive crypto discussion paper aimed at clarifying its position on digital assets. The paper will incorporate inputs from the International Monetary Fund (IMF) and the Financial Stability Board (FSB) . It will also reference global best practices from various jurisdictions. A senior Indian government official noted , “India will take a call keeping in view its own national interest. No knee-jerk decision would be taken in view of the wide ramifications of this industry.” This highlights India’s cautious but determined approach—ensuring that national security and financial stability remain the top priorities. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Regulations in India 2025 , Key Issues the Paper Will Address Legalization of Cryptocurrency : Whether India will finally legalize crypto or continue operating in a regulatory grey area. Crypto Taxation : While there’s no promise of change, the paper may revisit the controversial 30% tax on crypto gains. Global Framework Alignment : Drawing insights from international regulators to shape India’s crypto future. Why Now? Pressure from India’s Supreme Court The move appears to be influenced by the Supreme Court of India , which criticized the current crypto regulations as “obsolete.” The Court has urged the government to update the legal framework, intensifying the pressure to act. What’s Next for India’s Crypto Ecosystem? While the discussion paper brings hope, it doesn’t guarantee immediate reform. The Reserve Bank of India (RBI) remains skeptical and is focused on combating money laundering and cybercrime. It continues to prioritize the rollout of its Central Bank Digital Currency (CBDC) as a safer alternative to decentralized cryptocurrencies. Conclusion India’s crypto future is at a crossroads. While the upcoming paper could lead to legalization and tax reform, there’s still a long road ahead. 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India imposes a flat 30% tax on crypto gains and a 1% TDS on transfers over ₹10,000, with no loss set-off. Are cryptocurrencies legal in India? Cryptocurrencies are not legal tender in India but are legal to hold and trade within a regulated tax and compliance framework. Is there a regulatory body for cryptocurrency in India? India has a multi-agency approach involving RBI, SEBI, and the Ministry of Finance to oversee various aspects of cryptocurrency.
MICROSTRATEGY PURCHASED 705 BITCOINS BETWEEN MAY 26 – JUNE 1 AT AN AVERAGE PRICE OF $106,495 (TOTAL: $75.1 MILLION) $BTC #Bitcoins
BitcoinWorld Urgent: Ethereum Pectra Upgrade Feature Exploited in Wallet Drain Attacks The world of cryptocurrency is constantly evolving, with upgrades designed to improve user experience and functionality. However, these advancements can sometimes inadvertently open doors for malicious actors. Recent reports highlight a concerning trend following a key Ethereum upgrade, where certain features are being exploited in automated attacks leading to significant losses. What is the Ethereum Pectra Upgrade and EIP-7702? The recent Pectra hard fork on the Ethereum network introduced several improvements, one of which is EIP-7702. This Ethereum Improvement Proposal is designed to enhance the flexibility and capabilities of standard Externally Owned Accounts (EOAs) – the typical wallets most users interact with. The core idea behind EIP-7702 is to allow these wallets to temporarily behave like smart contracts. Think of it this way: normally, your standard crypto wallet (an EOA) can only initiate simple transactions (send funds). Smart contract wallets, on the other hand, can execute complex logic, interact with decentralized applications (dApps) in sophisticated ways, and even enforce rules before a transaction is allowed (like multi-signature requirements). EIP-7702 bridges this gap by letting an EOA temporarily gain some smart contract-like abilities within a single transaction. This could pave the way for features like: Paying transaction fees with any token, not just ETH. Batching multiple operations into a single transaction. Enabling more complex authorization flows for transactions. The goal is to make interacting with Ethereum and dApps smoother and more user-friendly, aligning with the broader push towards account abstraction. How are Attackers Exploiting EIP-7702 for Wallet Drain Attacks? While EIP-7702 itself is intended to be a beneficial feature, its implementation seems to have created a new avenue for attackers, particularly in combination with a persistent vulnerability: compromised private keys . According to analysis cited by The Block, a significant number of EIP-7702 delegations are linked to malicious activities. Here’s the breakdown of the attack vector: Compromised Private Keys: The attack starts with attackers obtaining users’ private keys, often through phishing scams, malware, or data breaches. This is the fundamental security failure. Automated Exploitation via EIP-7702: With a leaked private key, attackers can craft transactions using the EIP-7702 feature. They delegate the compromised wallet’s control temporarily to a malicious smart contract they control. Rapid Fund Transfer: The malicious contract, using the temporary control granted by EIP-7702, automatically and instantly drains all valuable assets from the compromised wallet and sends them to the attacker’s address. Crypto trading firm Wintermute’s analysis reportedly found that over 80% of EIP-7702 delegations observed were connected to malicious contracts. These contracts often use identical, copy-pasted code, indicating a widespread, automated campaign. Real-World Impact and the Root Cause: Compromised Private Keys The consequences of these automated attacks are real and costly. Blockchain security firm Scam Sniffer highlighted one instance where a user lost nearly $150,000 in a phishing attack that utilized this method. This demonstrates the significant financial risk posed by this exploit. However, it’s crucial to understand the underlying issue. Security expert Taylor Monahan points out that the problem isn’t inherently with EIP-7702 itself. The core vulnerability remains the compromise of users’ private keys. EIP-7702, in this context, acts as an enabler, making it faster, easier, and potentially cheaper for attackers to automate the draining process once they have access to a key. Before EIP-7702, draining a compromised wallet might have required more manual steps or different transaction types. The new feature, while beneficial for legitimate use cases, inadvertently streamlines the malicious process for attackers who possess a leaked key. Strengthening Your Crypto Security : Actionable Steps Given that the root cause is compromised private keys, protecting your keys is paramount. Here are essential steps to enhance your crypto security: Never Share Your Private Key or Seed Phrase: This is the golden rule. No legitimate service, exchange, or person will ever ask for it. Be Wary of Phishing: Scammers create fake websites, emails, and social media profiles designed to trick you into revealing your private keys or connecting your wallet to malicious sites. Always double-check URLs and the legitimacy of requests. Use Hardware Wallets: For storing significant amounts of cryptocurrency, a hardware wallet is highly recommended. Your private keys are stored offline and never exposed to the internet, even when making transactions. Be Cautious with Browser Extensions: Only install wallet extensions from official sources. Fake extensions can steal your keys or monitor your activity. Review and Understand Transactions: Before confirming any transaction, especially those involving connecting your wallet or granting permissions (like EIP-7702 delegations), carefully review what you are authorizing. If something looks suspicious or requests excessive permissions, cancel it. Regularly Audit Wallet Activity: Keep an eye on your wallet’s transaction history for any unauthorized activity. While the Ethereum Pectra upgrade and features like EIP-7702 aim to improve the network, user vigilance remains the most critical defense against wallet draining attacks. Conclusion: Navigating the Evolving Landscape The exploitation of EIP-7702 highlights the constant cat-and-mouse game between protocol development and security threats in the crypto space. While the feature itself has potential benefits for improving wallet functionality, its current use in automated attacks underscores the persistent danger of compromised private keys . Users must prioritize fundamental crypto security practices above all else. Protecting your private keys is your first and strongest line of defense. While developers work to build safer and more user-friendly features like those introduced in the Ethereum Pectra upgrade, staying informed and cautious is key to navigating the digital asset landscape safely and preventing a devastating wallet drain . To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum security and user experience. This post Urgent: Ethereum Pectra Upgrade Feature Exploited in Wallet Drain Attacks first appeared on BitcoinWorld and is written by Editorial Team
On June 2nd, Bitfinex published a report indicating that **Bitcoin** is experiencing its initial substantial pullback since the low recorded in April. Historically, the cryptocurrency had seen a remarkable rally,
A critical piece of UK legislation, the Data Bill has intensified a standoff between government and a coalition of artists and creative industry leaders on how developers can use copyrighted material. According to the BBC, the bill in question aims to clarify how AI systems can use existing data for their models. However, a fierce row has started between ministers and peers who back the artists, with no quick solution in sight. The Data Bill has divided UK legislators The conflict, which stems from how best to balance the needs and demands of the two powerful industries in the UK, that is the tech and creative industries, might not just be about AI only. It also touches on human issues at the heart of the impasse, which are job security and creativity. The bill, once expected to smoothly pass into law this week has become a ping-pong game between the House of Commons and the House Lords. According to the BBC , the contention is about coming up with the best way to allow the tech industry access creative content to enhance their AI models without disadvantaging the livelihoods of those who created that particular content. At the center of the disagreement is the UK government’s proposal that AI developers be granted access to creative content unless individual owners actively decide to opt out. But, this approach has drawn firm opposition as about 300 members of the House of Lords disagree with this, arguing that AI developers should be forced to disclose which copyrighted material they use to train their tools. By so doing, this will lead to licensing and fair compensation. Former president of global affairs at Meta, Sir Nick Clegg is among those that support the bill. He is of the view that by asking permission from all copyright holders will “kill the AI industry.” Other legislators want the bill amended Leading the charge against the bill is Baroness Beeban Kidron, a crossbench peer and former film director, known for films like Bridget Jones: The Edge of Reason. Baroness Kidron warns that without changes, ministers would be “knowingly throwing UK designers, artists, authors, musicians, media and nascent AI companies under the bus.” She accuses the government of enabling “state sanctioned theft” from a creative industry worth £124 billion. Resultantly, she is now asking for an amendment to the bill, requiring Technology Secretary Peter Kyle to give a report to the House of Commons on how the new law will impact the creative industry in three months. Adding complexity to the matter is Kyle, who also appears to have shifted his views on UK copyright law as he once described the law as “very certain.” However, he is now saying that the copyright law is now “not fit for purpose.” The origins of the conflict trace back to when AI developers, especially large US firms scraped vast amounts of data from the internet without payment, using it to train their AI tools that are now capable of creating texts, images and also mimic famous artists. This ignited a backlash from creators like Sir Elton John, Sir Paul McCartney, and Dua Lipa who called the practice theft and a threat to artists’ livelihoods. Recently, Sir Elton John said that the government was on course to “rob young people of their legacy and their income,” calling the current administration “absolute losers.” Elsewhere, the founder of Japan’s famous Studio Ghibli once described AI’s use in animation as “an insult to life itself.” Recently, there was a wave of Studio Ghibli style images that went viral on the internet and social media platforms after OpenAI released an update for its ChatGPT. However, the Department for Science, Innovation and Technology says that they are carrying out wider consultation on these matters and will not consider changes to the bill unless they are satisfied that they work for creators. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Shiba Inu certainly at stage where activity on network is stalling