Newly launched Fantom spinoff Sonic Chain has finally released its Ethereum bridge dubbed the amid its sustained expansion drive. Announced on its X page, the protocol said the new gateway can help user bridge assets like USDC, EURC, WETH, and FTM from Ethereum to Sonic. The protocol also noted that this asset bridging can be done securely. The Sonic Chain Bridge Features This new bridge comes following the mainnet launch of the protocol on December 18. As part of the update, Sonic Labs said the new gateway has passed audits from three major security firms. These include Open Zeppelin, Quantstamp and Certora Inc. Despite the safety of the bridge, it has confirmed ongoing working plans with ImmuneFi for a bug bounty program. Notably, it has designated a total of $2 million for the bounties, an offering it will split between the Gateway and Sonic Chain. Now, holders of FTM on the Ethereum network can now upgrade to S through the Gateway. For users’ safety, the protocol released the contract addresses of USDC, EURC, and WETH on Sonic. We’re working with the global developer community to fortify the Gateway’s security through bug bounties on @ImmuneFi . $2 million in bounties is on offer, split across the Gateway and the Sonic chain — more details to come. pic.twitter.com/gvBxtDqpYo — Sonic Labs (@SonicLabs) December 25, 2024 Launched earlier in January, the Sonic Chain crossed the 1 million block milestone as reported by Coingape. This proves the fast rate of adoption of the new chain amid confirmation over 1,600 Transactions Per Second (TPS). The Fantom Price Outlook As a spinoff from the Fantom network, the successes of the Sonic Chain still bears a crucial impact on FTM price. Notably, the latest updates have not helped boost the price of the the coin considerable oveer the past week. At the time of writing, FTM was changing hands for $0.9720, down by 0.79% in 24 hours. The coin has moved from a high of $1.0228 to a low of $0.9650 before settling at the current mark. With a 7-day loss of 21% and a mild 3% uptick in the past 30 days, there is growing expectation that dual movement of funds on the Gateway can help drive more liquidity to boost its price. Overall, Sonic Chain developers plan to launch new set of Decentralized Applications (DApps) to drive the protocol’s adoption into the mainstream. The post Sonic Chain Launches Ethereum Bridge, FTM Price Reacts appeared first on CoinGape .
Musk Fuks Santa could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Musk Fuks Santa (MUSKFSAN), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because MUSKFSAN is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Musk Fuks Santa can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Musk Fuks Santa could become the next viral memecoin. Musk Fuks Santa launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Musk Fuks Santa on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Musk Fuks Santa by entering its contract address – G8EuXY9hVUyUGG7wUDqTAsh4cHeoLraJBL8dbvewPB3G – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKFSAN. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Montenegro’s Constitutional Court has rejected the appeal of controversial Terraform Labs co-founder Do Kwon against a decision to extradite him, bringing him closer to facing trial abroad following his arrest in the European country. The court unanimously rejected Kwon's appeal, citing unresolved legal issues, according to Montenegro's Vijesti newspaper. The rejection clears the way for Montenegro's justice minister to decide whether Kwon should be extradited to South Korea or the United States. While both South Korea and the US are seeking Kwon's extradition, the justice department's current stance suggests he is more likely to face trial in the US. Related News: How Much Did Famous Names' Predictions for Bitcoin Price in 2024 Do? Here is a Compilation of Predictions Kwon is accused of playing a key role in the devastating collapse of Terraform Labs’ TerraUSD and Luna altcoins in May 2022. The collapse wiped out billions of dollars in investor funds and set off a wave of investigations into the firm’s activities. Kwon was arrested in Montenegro in March 2023 while trying to travel with a fake passport. He has since faced increasing legal challenges as authorities from both his home country of South Korea and the United States fight his extradition. Kwon is likely to face charges including securities fraud and conspiracy if extradited to the U.S. Meanwhile, South Korean authorities are continuing their own investigation into his role in the cryptocurrency crash that caused widespread financial turmoil. *This is not investment advice. Continue Reading: New Development in the Fate of Terra (LUNA) Founder Do Kwon
As the cryptocurrency market thrives with innovation, Qubetics, Binance Coin (BNB), and Tron (TRX) lead the way with groundbreaking advancements. Qubetics offers unparalleled investment potential with an ROI of up to 39,728%, thanks to its tokenised assets marketplace and robust ecosystem. BNB showcases resilience with thriving NFT markets, and Tron has established itself as a leader in decentralised applications and USDT settlements, boasting over 9 billion transactions to date. These three coins represent the top coins with 1000X potential, offering diverse opportunities for investors and developers. Qubetics: Revolutionizing Tokenized Investments At the heart of the Qubetics Network lies its tokenised assets marketplace , which aims to democratise ownership by enabling the fractionalisation of physical and digital assets. This innovative platform offers investors access to tokenised opportunities, including real estate, commodities, equity, and intellectual property, catering to various risk profiles. Currently, in its 14th Presale Phase, Qubetics has raised over $7.8 million, with 376 million tokens sold and a community of 11,800+ holders. With $TICS tokens priced at $0.037, early investors have the potential to achieve remarkable returns. If the token reaches $10, investors could realise an ROI of 26,452.57%, and if it hits $15, the ROI could soar to 39,728.85%. The Qubetics Wallet, developed in collaboration with SWFT Blockchain, enhances this ecosystem with unmatched cross-chain functionality, allowing users to manage diverse portfolios securely and efficiently. Binance Coin: Driving NFT Growth Binance Coin (BNB) remains a cornerstone of the cryptocurrency ecosystem, demonstrating resilience despite a 28% decline in total revenue. The NFT market on BNB Chain has surged, with daily trading volumes up 283% to $600,400, highlighting its continued relevance in digital collectables. BNB’s “Gas-Free Carnival” initiative simplifies transactions by waiving fees for stablecoins like USDT, encouraging broader adoption and strengthening its ecosystem. These fresh initiatives position BNB as a strong contender for long-term growth, particularly as the network evolves to meet user demands. Tron: A Leader in Decentralized Applications Tron (TRX) has cemented as a leading Layer-1 blockchain, supporting over 279 million user accounts and facilitating more than 9 billion transactions. Its fast, low-cost, on-chain transactions make it a preferred choice for developers, institutions, and users worldwide. The partnership between Bitget and SunPump highlights Tron’s dedication to innovation. Tron is expanding its global use cases across decentralised finance (DeFi), centralised exchanges (CEX), and beyond by supporting emerging meme coin projects. These initiatives reinforce Tron’s status as a versatile and scalable blockchain platform. Conclusion As the cryptocurrency market evolves, Qubetics, Binance Coin, and Tron stand out as the top coins with 1000X potential . Qubetics’ tokenised marketplace and extraordinary ROI opportunities make it an exciting investment. Binance Coin’s adaptability and NFT growth showcase its resilience, while Tron’s vast transaction volume and innovative partnerships solidify its leadership in blockchain applications. For investors seeking transformative opportunities, these three coins offer diverse paths to significant returns. Whether you prioritise Qubetics’ ROI, Binance Coin’s NFT dominance, or Tron’s scalability, these projects are reshaping the future of cryptocurrency. For More Information: Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics The post Top Coins with 1000X Potential: Qubetics’ 39,728% ROI, Binance Coin’s NFT Boom, and Tron’s 9 Billion Transactions appeared first on TheCoinrise.com .
Altcoins are experiencing a lull as the year ends. ETH struggles to maintain its value against BTC. Continue Reading: ETH Price Trends Signal Caution for Altcoins The post ETH Price Trends Signal Caution for Altcoins appeared first on COINTURK NEWS .
Fartcoin’s recent surge reflects a growing interest in AI-driven cryptocurrencies, sparking debate among investors about its sustainability. The dramatic 52% price increase on Christmas Eve suggests a significant shift in
Recent advancements in real-world asset (RWA) tokenization are set to redefine the agricultural industry, marking a significant shift towards more efficient trade practices. The emergence of specialized platforms like AgriDex
The Finance Minister of Russia has reportedly confirmed that many companies in the country are now using Bitcoin ( BTC ) to engage in foreign trade and skirt Western sanctions. Reuters reports that the Russian government has recently taken legislative measures to legalize the mining of the crypto king and other crypto assets, helping firms find ways around sanctions placed on them by the West. As stated by Russian Finance Minister Anton Siluanov to Reuters earlier this week, “As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia (in foreign trade transactions). Such transactions are already occurring. We believe they should be expanded and developed further. I am confident this will happen next year.” Earlier this month, Russian President Vladimir Putin said that the US government was undermining the use of the US dollar as a reserve currency, forcing nations to turn to other assets. At the time, Putin cited Bitcoin as the top replacement for the US dollar as a reserve asset, noting that no nation could regulate it. However, earlier this week, the Russian government reportedly said it’s planning on shutting down Bitcoin mining in 10 different regions throughout the nation starting on January 1, 2025 due to energy shortages. The prohibition period affects both miners of mining pools and is expected to remain in effect until March 5th, 2031. BTC is trading for $98,505 at time of writing, a fractional increase on the day. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/ProximaCentauri1/Natalia Siiatovskaia The post Russian Companies Now Using Bitcoin (BTC) for Foreign Trade, According to Finance Minister: Report appeared first on The Daily Hodl .
This week, Ethereum NFTs dominated the digital landscape, with sales volumes hitting an impressive $304 million, reflecting a strong resurgence in the market. Despite rising enthusiasm around NFTs, the market
Ethereum NFTs Generate $304M in Weekly Volume; NFT Promoters Accused of Fraud: Nifty Newsletter ————— 💰Coin: Ethereum ( $ETH ) $3,469.56 ————— NFA.