TL;DR Over 600 million SHIB were burned in a single day. The total amount of the destroyed tokens since adopting the program stands at around 410.7 trillion. Analysts believe Shiba Inu could chart substantial gains if it overcomes certain resistance levels. On the other hand, rising exchange inflows hint at increased selling pressure. The Impressive Burn The second-largest meme coin saw its burn rate increase by a whopping 16,710% in the past 24 hours, resulting in over 602 million tokens being sent to a dead wallet. Interestingly, a single transaction comprised almost 100% of that amount. While the USD equivalent of the destroyed stash is just $8,000, continuous efforts in that field can have a positive impact on Shiba Inu’s price. After all, fundamental principles of economics dictate that the price should go up in the event of declining supply and rising or constant demand. Тhe burning mechanism was adopted in 2021, and since then, the team and the community have scorched roughly 410.7 trillion tokens, or around 41% of the initial one quadrillion supply. SHIB Supply, Source: Shibburn.com Some members of the crypto community are optimistic that the meme coin could chart gains in the near future . X user CW envisioned “a big upside” if the price breaks the sell wall of $0.000017. Currently, SHIB trades at around $0.0000133, meaning it has to climb by 27% to reach the depicted level. Javon Marks and Friedrich are also among the bulls. The former recently spotted the formation of a large Inverse Head & Shoulders pattern on Shiba Inu’s price chart, which resembles “notable strength.” The analyst assumed this might propel a rally to the technical target of $0.000081. Friedrich believes SHIB could follow the positive performance of ETH and retest its all-time high levels. At the same time, he warned investors to pay attention when using leverage. $SHIB is about to blast! With $ETH ripping, $SHIB will go for a retest of ATHs for sure. Bidding in spot! About leverage, manage your risks accordingly. @ShibainuCoin #meme pic.twitter.com/K101EUZ3WK — Friedrich (@FriedrichBtc) July 21, 2025 The Bearish Factor Contrary to the optimism expressed by some analysts, Shiba Inu’s exchange netflow suggests the price may continue to struggle in the short term. CryptoQuant’s data shows that inflows have surpassed outflows over the past seven days, hinting at a shift from self-custody methods to centralized platforms. This , in turn, increases the immediate selling pressure. SHIB Exchange Netflow, Source: CryptoQuant The post Shiba Inu Burn Rate Skyrockets by Almost 17,000%, Will SHIB’s Price React? appeared first on CryptoPotato .
Today, Binance Coin (BNB) led the market with a 6.17% surge , climbing from $794.70 to $843.77, while Bitcoin holds above $119,000 and Ethereum hovers near $3,900 . As tokens leap and tumble on every headline, top investors are quietly turning to a different strategy: cloud mining contracts with BTC Miner that lock in up to 7% (or higher) daily returns —completely decoupled from the spot market. What Is BTC Miner Cloud Mining? BTC Miner is a world-class cloud mining platform that removes the headaches of hardware purchases and maintenance. With BTC Miner you simply: Register with your email and claim a $500 trial credit ; Choose from multiple mining contracts—varying by investment amount and duration—to match your financial goals; Use the mobile app to launch mining with a single tap—24/7 automated, transparent, and hands-free. The platform supports deposits and withdrawals in USDT, BTC, ETH, LTC, USDC, BNB, XRP, DOGE, BCH, SOL, and more, enabling truly global, multi-asset access. Why Are Savvy Investors Flocking to BTC Miner? Contracted Daily Yields All plans clearly specify your daily return rate— up to 7% or higher —so you never need to chase market highs or panic on dips. Mobile App Convenience Start, monitor, and manage your mining from anywhere with our intuitive mobile app— one-click activation makes it effortless. Flexible Contract Options Multiple packages to choose from with varying principal amounts and durations, allowing you to tailor investments to your financial situation. Referral Rewards Mechanism Earn 7% of each direct referral’s investment and 2% on second-tier referrals— turn your network into passive income . Institutional-Grade Security & Insurance Funds held in Tier-1 international banks under full SSL encryption, with each deposit backed by an AIG insurance policy and segregated hashpower custody. Unmatched Cost Efficiency Direct partnerships with top-tier mining farms reduce electricity and maintenance costs by up to 40% below industry averages—maximizing your net return. 24/7 Smart Hashpower Allocation Proprietary algorithms dynamically optimize resource deployment and energy‐cost hedging, ensuring consistent daily yields. How to Join BTC Miner in Three Easy Steps Register Your Email Go to https://btcminer.net and sign up—no complicated KYC or hardware needed. Claim Your $500 Trial Credit Automatically credited to your account; start mining risk-free. Select Your Contract & Start Earning Pick a plan that matches your desired principal and term, tap “Start Mining” in the app, and watch your daily returns accumulate. Real Investor Testimonials “I started with the $500 trial credit and tested it for a few days—every morning the app auto-deposited my earnings, and it was so seamless I couldn’t resist investing $50,000. Now my returns have already far exceeded my principal!” — Verified User “CryptoLover” “I deposited $8 million into the highest-yield contract, and each day I can withdraw profits effortlessly. The setup is so simple, and sharing with friends netted me huge referral bonuses—I only wish I’d discovered it sooner!” — James Sullivan Summary With BNB today surging over 6% and major tokens in flux, BTC Miner offers a low-barrier, high-certainty path to crypto returns. By combining contracted yields, flexible contracts, mobile convenience, referral bonuses, and institutional security, BTC Miner lets investors sidestep volatility and secure up to 7%+ daily —all without owning or operating a single mining rig. Join today and start your high-yield journey → https://btcminer.net Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post BNB Rallying Over 6%—Why Are Savvy Investors Secretly Flocking to BTC Miner Cloud Mining? appeared first on Times Tabloid .
BitcoinWorld BitMine’s Bold $1 Billion Share Buyback: A Strategic Move for Crypto Holders In a significant development that has sent ripples across both the traditional finance and cryptocurrency sectors, BitMine Immersion Technologies has announced a monumental financial maneuver. The company’s board has given the green light to a substantial stock repurchase program, totaling up to $1 billion . This strategic decision, funded in part by BitMine’s impressive $401 million in cash reserves and underpinned by its considerable holdings of 625,000 ETH and 192 BTC , signals a strong vote of confidence from the company’s leadership. This news, reported by PR Newswire , positions the BitMine share buyback as a key event for investors to watch. Understanding the BitMine Share Buyback: What is a Stock Repurchase? Before diving into the specifics of BitMine’s announcement, it’s crucial to understand what a stock repurchase, or share buyback, entails. Essentially, it’s a corporate action where a company buys back its own shares from the open market. This reduces the number of outstanding shares, which can have several positive implications for existing shareholders. Companies typically undertake a share buyback for a variety of reasons: Boosting Shareholder Value: By reducing the number of shares, each remaining share represents a larger percentage of company ownership, potentially increasing earnings per share (EPS). Returning Capital to Shareholders: Instead of issuing dividends, which are taxed immediately, a buyback can be a more tax-efficient way to return value to investors. Signaling Confidence: A buyback often indicates that management believes the company’s stock is undervalued, sending a positive signal to the market. Improving Financial Ratios: Reduced share count can improve key financial metrics, making the company appear more attractive to investors. Offsetting Dilution: If a company issues new shares (e.g., for employee stock options), a buyback can counteract the dilutive effect. The decision for a BitMine share buyback of this magnitude suggests a calculated move to optimize its capital structure and enhance shareholder returns in a unique market landscape. BitMine’s Strategic Play: Unpacking the $1 Billion Program BitMine Immersion Technologies, a prominent player in the crypto mining and technology space, is making a definitive statement with its latest financial move. The approval of a $1 billion stock repurchase program is not just a routine financial decision; it’s a bold declaration of financial strength and strategic intent. Here’s a closer look at the key elements of this significant announcement: Scale of the Program: A staggering $1 billion is earmarked for the share buyback. This represents a substantial commitment, especially for a company operating in the volatile cryptocurrency sector. It demonstrates BitMine’s confidence in its long-term prospects and its current valuation. Funding Mechanism: The program will be funded from BitMine’s existing financial resources. Crucially, the company boasts $401 million in cash . This strong cash position provides the immediate liquidity needed to initiate and sustain such a large-scale repurchase without relying on external financing. Crypto Holdings as a Strategic Asset: What truly sets BitMine apart is its significant digital asset portfolio. The company holds 625,000 ETH (Ethereum) and 192 BTC (Bitcoin) . While the immediate funding for the buyback comes from cash, these substantial crypto holdings serve as a powerful underlying asset base, offering both potential future liquidity and a testament to the company’s core business model. The value of these assets can fluctuate, but their presence provides a unique dimension to BitMine’s financial strategy. This BitMine share buyback is a testament to the company’s robust balance sheet and its willingness to deploy capital in a manner that directly benefits its investors. What Does This Mean for Investors? Benefits of a Share Buyback For current and prospective investors, the announcement of a BitMine share buyback carries several potential positive implications. How might this strategic move impact your investment? 1. Potential for Increased Share Price: When a company reduces the number of its outstanding shares, the supply of shares in the market decreases. If demand remains constant or increases, this can lead to an upward pressure on the share price. Investors holding shares before the buyback could see the value of their holdings appreciate. 2. Enhanced Earnings Per Share (EPS): EPS is calculated by dividing a company’s net income by the number of outstanding shares. By reducing the share count, even if net income remains the same, EPS will increase. A higher EPS often makes a company appear more profitable and attractive to investors, potentially driving up its stock multiple. 3. Improved Return on Equity (ROE): Share buybacks can also improve a company’s ROE, a key profitability metric. With fewer shares, the equity base shrinks, which can boost ROE, signaling more efficient use of shareholder funds. 4. Signaling Management Confidence: A substantial buyback program, like the BitMine share buyback , sends a strong signal that the company’s management believes its stock is undervalued and that it has strong future prospects. This vote of confidence can reassure existing shareholders and attract new ones. 5. Tax Efficiency for Shareholders: Unlike dividends, which are taxable income in the year they are received, the capital gains from a rising stock price due to a buyback are only taxed when the shares are sold. This can be a more tax-efficient way for companies to return value to shareholders. These potential benefits highlight why a BitMine share buyback could be a positive catalyst for its stock performance and investor sentiment. Are There Any Risks? Navigating Potential Challenges While a BitMine share buyback offers numerous advantages, it’s also important for investors to consider potential challenges and risks. No financial strategy is without its downsides, and understanding these can provide a more balanced perspective. 1. Opportunity Cost: The $1 billion allocated for the buyback could have been used for other purposes, such as investing in new technologies, expanding mining operations, acquiring other companies, or increasing research and development. If these alternative investments could have generated a higher return, the buyback might represent a missed opportunity for greater long-term growth. 2. Market Volatility and Timing: Executing a large buyback in a volatile market, especially one tied to cryptocurrency assets, carries risks. If the company buys back shares at a high price, and the stock subsequently declines, it could be seen as an inefficient use of capital. The timing of the BitMine share buyback will be crucial in determining its ultimate success. 3. Reduced Liquidity for Future Needs: While BitMine has substantial cash and crypto holdings, deploying a significant portion for a buyback reduces the immediate liquidity available for unforeseen circumstances or future strategic investments. This could potentially limit the company’s flexibility if market conditions change drastically or new opportunities arise. 4. Misinterpretation of Financial Health: While buybacks often signal confidence, some critics argue that companies use them to artificially inflate EPS without genuine improvements in operational performance. Investors should look beyond just the buyback and assess BitMine’s underlying business fundamentals and profitability. 5. Impact of Crypto Price Fluctuations: While BitMine’s ETH and BTC holdings provide a strong asset base, their highly volatile nature means their value can fluctuate significantly. While the buyback is funded by cash, the overall financial health and future strategic options of BitMine are still closely tied to the performance of these digital assets. A comprehensive view of the BitMine share buyback requires acknowledging these potential challenges alongside the benefits. The Crypto Edge: How BitMine’s ETH and BTC Holdings Shape the Strategy One of the most distinctive aspects of the BitMine share buyback announcement is the explicit mention of its significant cryptocurrency holdings: 625,000 ETH and 192 BTC . This isn’t just a detail; it’s a fundamental part of BitMine’s identity and financial strength, influencing how the market perceives its strategic decisions. How do these crypto assets play into the buyback strategy? Underlying Asset Strength: While the $1 billion share buyback is directly funded by BitMine’s cash reserves, the substantial crypto holdings provide a robust underlying asset base. These digital assets represent the fruits of their core business – crypto mining – and their continued value underscores the company’s operational success in this niche. Future Liquidity Potential: Although not directly used for this buyback, the ETH and BTC holdings represent a significant pool of potential liquidity for future strategic initiatives. In a highly dynamic market, having such liquid, albeit volatile, assets provides flexibility. Market Confidence and Differentiation: For investors interested in the crypto space, BitMine’s explicit mention of its crypto holdings provides transparency and reinforces its position as a serious player in the digital asset economy. It differentiates BitMine from traditional companies engaging in buybacks, highlighting its unique exposure and expertise in the blockchain sector. Leveraging Market Cycles: A company with substantial crypto holdings might be strategically positioned to leverage market cycles. While crypto values fluctuate, holding these assets allows BitMine to benefit from potential bull runs, further bolstering its balance sheet and providing options for future capital deployment. The presence of these digital assets paints a clearer picture of BitMine’s financial ecosystem, emphasizing that the BitMine share buyback is not just a traditional corporate finance move, but one uniquely tailored to a company thriving at the intersection of technology and digital currencies. Looking Ahead: The Future Impact of the BitMine Share Buyback The approval of the $1 billion BitMine share buyback is set to reshape investor perception and potentially the company’s trajectory in the coming months and years. This move could signal a new phase for BitMine Immersion Technologies, focusing on returning value to shareholders and consolidating its market position. Key areas to observe include: Stock Performance: Will the reduced share count translate into sustained upward momentum for BitMine’s stock? The market’s reaction will be a crucial indicator of investor confidence in the company’s strategy. Capital Allocation Strategy: How will BitMine balance future capital allocation between continued buybacks, operational expansion, and potential new investments in the evolving crypto landscape? Market Leadership: By demonstrating financial strength and a clear commitment to shareholder value, BitMine could solidify its position as a leader among publicly traded crypto-centric companies. The long-term success of this BitMine share buyback will depend on its execution, broader market conditions, and BitMine’s continued operational efficiency in the highly competitive crypto mining industry. Conclusion: A Bold Step in a Dynamic Market BitMine Immersion Technologies’ decision to launch a $1 billion share buyback program is undoubtedly a bold and strategic move. It leverages the company’s robust cash reserves and significant cryptocurrency holdings to enhance shareholder value and signal strong confidence in its future. While the potential benefits, such as increased EPS and stock price appreciation, are compelling, investors should also remain mindful of the inherent risks and opportunity costs associated with such a large-scale financial maneuver. This development underscores the growing maturity of the crypto industry, where companies like BitMine are increasingly employing sophisticated financial strategies to optimize their capital structure and reward their investors. As the program unfolds, the market will be keenly watching to see how this significant investment in itself translates into sustained growth and value creation for BitMine and its stakeholders. Frequently Asked Questions (FAQs) Q1: What is the primary purpose of BitMine’s $1 billion share buyback? The primary purpose of the BitMine share buyback is to return capital to shareholders, increase earnings per share (EPS) by reducing the number of outstanding shares, and signal management’s confidence in the company’s current valuation and future prospects. It aims to enhance overall shareholder value. Q2: How is BitMine funding this massive share repurchase program? BitMine Immersion Technologies is funding the $1 billion share buyback program primarily from its existing cash reserves, which currently stand at a substantial $401 million . While its large holdings of ETH and BTC are significant assets, the immediate funding comes from cash. Q3: What role do BitMine’s cryptocurrency holdings play in this decision? BitMine’s holdings of 625,000 ETH and 192 BTC are crucial as they represent a significant underlying asset base and a testament to the company’s core business strength in crypto mining. While not directly funding the buyback, these assets provide financial flexibility, potential future liquidity, and reinforce market confidence in BitMine’s unique position in the digital asset economy. Q4: What are the potential benefits for investors from this BitMine share buyback? Investors could potentially benefit from an increase in BitMine’s share price due to reduced supply, higher earnings per share (EPS), and improved financial ratios. The buyback also signals strong management confidence, which can positively influence investor sentiment and attract new capital. Q5: Are there any risks associated with BitMine’s stock repurchase program? Yes, potential risks include opportunity cost (funds not used for other growth initiatives), the risk of buying back shares at an unfavorable price if the stock declines, and reduced liquidity for future unforeseen needs. Investors should also consider the inherent volatility of the crypto market, which can indirectly impact BitMine’s overall financial health. Did you find this article insightful? Share it with your network on social media to help others understand the implications of BitMine’s strategic $1 billion share buyback and its impact on the crypto and traditional financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum institutional adoption. This post BitMine’s Bold $1 Billion Share Buyback: A Strategic Move for Crypto Holders first appeared on BitcoinWorld and is written by Editorial Team
July 2025 is shaping up to be a pivotal month for cryptocurrency enthusiasts. Five meme tokens are rumored to be on the verge of significant growth by August. This surge could mint new millionaires overnight. The identities of these tokens and the factors behind their expected rise are intriguing topics worth exploring. Price Prediction for XYZVerse ($XYZ): Is a 30x Jump Possible? XYZVerse has entered the meme coin market at a time when community-driven tokens continue to dominate speculative trading. The rise of meme coins like PEPE , Dogwifhat , and Bonk proves that strong branding, viral marketing, and community engagement can drive massive gains. The broader market sentiment also plays a key role in XYZVerse’s potential. As the altcoin season is about to start, lower-cap meme coins are seeing increased investor interest. Given that XYZVerse is still in presale, it could benefit from this wave if it secures strategic exchange listings and maintains community hype post-launch. Key Strengths of XYZVerse in the Current Market: Strong branding with sports and influencer partnerships, broadening its appeal Deflationary mechanics (17.13% token burn) to reduce supply pressure Liquidity allocation (15%) to support stability after launch Community incentives (10%) fostering engagement and holding Price Prediction for $XYZ Current Presale Price: $0.005 Projected Post-Presale Target: $0.10 (as per project’s estimates) Potential ATH (First 1-2 Weeks Post-Launch): $0.15 – $0.25 (if demand surges and listings drive FOMO) Long-Term Potential (6-12 Months): $0.20 – $0.40 (if the project secures major partnerships and listings) Buy $XYZ Early for Maximum Gains Realistic Expectations: Will XYZ Hit $0.10? A 30x jump from presale to $0.10 is possible but depends on: Strong Exchange Listings – If XYZVerse lands on major CEX platforms like KuCoin, OKX, or Binance, its price could skyrocket on launch day. Sustained Community Growth – Meme coins need viral momentum. If XYZVerse delivers on its sports influencer partnerships, it could drive massive social media engagement. Market Conditions – If Bitcoin and altcoins remain bullish, speculation-driven assets like XYZVerse tend to benefit. Is a 3000% Surge Possible for $XYZ? XYZVerse has the ingredients for a strong launch, but its long-term success depends on execution. If the team delivers strong marketing, high-profile listings, and real community engagement, the $0.10+ target, which is around 3000% from the current price, could be achievable. Invest in $XYZ Before It Surges From Meme to Mainstream: Dogecoin’s Unlikely Rise in the Crypto World Dogecoin started as a joke in 2013, featuring a Shiba Inu dog as its mascot. Created by Billy Marcus and Jackson Palmer, it was meant to be a fun alternative to serious cryptocurrencies. Unlike Bitcoin, which has a limited supply, Dogecoin has no cap, and 10,000 new coins are mined every minute. This abundance was part of the humor, but things took a surprising turn in 2021. Influenced by social media buzz and endorsements from figures like Elon Musk, Dogecoin’s value skyrocketed. It became one of the top ten cryptocurrencies, with a market cap exceeding $50 billion. This surge showed how a strong community and online trends can impact financial markets. Despite its playful origins, Dogecoin has potential. Its technology allows for fast and low-cost transactions, making it practical for everyday use. Compared to other coins that focus on scarcity, Dogecoin’s plentiful nature could make it more accessible. In the current market, where many are looking for the next big thing, Dogecoin stands out because of its unique story and community support. While some might see it as just a meme, others consider it an underdog with room to grow. As the crypto market evolves, Dogecoin’s blend of fun and functionality makes it an interesting coin to watch. Shiba Inu: The Memecoin Making Waves on Ethereum Shiba Inu (SHIB) is a cryptocurrency that started as a meme, inspired by Dogecoin. Launched in August 2020 by the mysterious Ryoshi, SHIB runs on Ethereum, allowing it to interact with many apps. It began with a huge supply of one quadrillion tokens. Half were sent to Vitalik Buterin, Ethereum’s co-creator, to build trust. Buterin donated a large portion to India’s COVID relief and burned 40% of the total supply, catching the crypto world’s attention. Because SHIB is on Ethereum, it has more potential than some other coins. It launched ShibaSwap, its own exchange. There are plans for an NFT platform and a system where users can vote on changes. In today’s market, SHIB’s ties to Ethereum could be a big advantage, especially as more people get interested in decentralized finance. Compared to other meme coins, SHIB might offer more uses. As the crypto world changes, SHIB could be an interesting coin to follow. PEPE’s Meteoric Rise: The Memecoin Shaking Up the Crypto Scene PEPE is a deflationary memecoin launched on the Ethereum network as a tribute to the iconic Pepe the Frog internet meme created by Matt Furie. Since its introduction, PEPE has ridden the wave of meme-based cryptocurrencies like Dogecoin and Shiba Inu, aiming to establish itself among the top in this playful yet impactful sector. Embracing its memecoin identity, PEPE keeps things simple and straightforward with a no-tax policy and openly acknowledges its lack of utility, which appeals to a community seeking fun and uncomplicated crypto experiences. In late April to May 2023, PEPE witnessed an explosive surge, pushing its market cap to a remarkable $1.6 billion at one point. This rapid ascent turned early adopters into millionaires and sparked a “memecoin season,” inspiring the launch of numerous other meme-themed tokens. While the volatility of such coins is notable, PEPE’s roadmap shows ambition with plans for listings on major exchanges and a “meme takeover.” As the crypto market anticipates the upcoming Bitcoin halving cycle, PEPE stands out as a symbol of the entertainment and unpredictability that memecoins bring to the industry. Whether it continues to soar or settles down remains to be seen, but its impact on current market trends is undeniable. Dogwifhat (WIF): The New Meme Coin Barking Up Solana’s Tree Dogwifhat (WIF) is the latest dog-themed meme coin making waves on the Solana blockchain. Inspired by the viral Dogwifhat meme, WIF brings a playful twist to the crypto world. Meme coins like WIF thrive on community spirit and internet culture, often becoming sensations overnight. With its roots in a popular meme and the speed of the Solana network, Dogwifhat aims to combine fun with fast transactions. But as with many meme coins, the appeal lies more in the excitement and community than in traditional fundamentals. In the current market, meme coins continue to capture attention, especially those with a canine connection. While established coins like Dogecoin and Shiba Inu have paved the way, Dogwifhat offers a fresh entry with its unique meme inspiration. The Solana blockchain provides WIF with scalability and low fees, which could enhance its adoption. However, investors should be cautious. Meme coins are known for their volatility and high supply, which can lead to sharp price swings. For those willing to embrace the risks for the potential of high rewards and community engagement, WIF might be an intriguing option. As always, it’s important to stay informed and consider the risks before diving in. Conclusion While DOGE, SHIB, PEPE, and WIF show potential, XYZVerse (XYZ) emerges as the standout, uniting sports fans in a memecoin aiming for 20,000% growth. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse Continue Reading: July 2025 Could Create Crypto Millionaires: 5 Meme Tokens Set to Explode by August
Upbit, one of South Korea's leading digital asset exchanges, made an important listing announcement for its users. Omni Network (OMNI) Listed on Upbit KRW Market According to the company's official statement, Omni Network (OMNI) will begin trading on July 29, 2025, in KRW (South Korean Won) currency pair. Listing Details Entity: Omni Network (OMNI) Market: KRW Network: Ethereum Transaction Start Time: July 29, 2025, 18:30 Previous BTC Price: 0.00002137 BTC (approximately 3,472 KRW) Transaction Restrictions During the first 5 minutes: Buy orders will be temporarily limited. Within the first 5 minutes: Sell orders that are 10% below the previous day's closing price will be blocked. During the first 2 hours: Only limit orders will be accepted. Network and Security Alerts Only OMNI transactions made via the Ethereum network are supported. Transfers made via other networks will be invalid. The official contract address of the OMNI token is: 0x36e66fbbce51e4cd5bd3c62b637eb411b18949d4 Transfers can only be made from wallet addresses whose ownership has been confirmed. In case of high-amount transfers from unknown sources, proof of the source of the funds may be requested. What is the Omni Network (OMNI)? Omni Network stands out as a Layer 1 blockchain developed to resolve the liquidity, user, and developer divides that have emerged with the rapid increase in the number of rollups in the Ethereum ecosystem. The network aims to provide fast and secure data transmission between different chains using Dual Chain Architecture and Integrated Consensus technologies. Omni Network also offers a high level of security and protocol stability with the “restaking” mechanism on Ethereum thanks to the EigenLayer AVS (Active Validated Service) protocol. The OMNI token is available on the platform: Payment of transaction fees, Staking and delegation, It can be used for various purposes such as on-chain governance. This listing further demonstrates Upbit's support for emerging projects within the Ethereum ecosystem. *This is not investment advice. Continue Reading: Bitcoin Exchange Upbit Announces Listing of New Altcoin on Spot Trading Platform! Here Are the Details
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The dollar climbed to its highest level in over five weeks on Tuesday, as traders across global currency markets repositioned ahead of a packed week of U.S. economic reports. The Bloomberg Dollar Spot Index rose 0.3%, reaching its strongest level since June 23, according to Bloomberg. That gain came as the greenback advanced against every Group-of-10 currency, with the euro suffering the most losses. The U.S. dollar has gained against other currencies. Source: Bloomberg European currencies dropped after the European Union finalized a trade agreement with the United States on Sunday. The deal, instead of easing fears, intensified concerns over how it could affect the EU’s economic outlook. The euro fell to its weakest level in more than a month, adding to the momentum behind the greenback. Yields slide as Fed holds rates steady U.S. Treasury yields slipped early Tuesday ahead of the Federal Reserve’s policy meeting. As of press time, the 10-year yield has dropped 1.6 basis points to 4.404%. The 30-year yield moved lower by 2.1 basis points to 4.944%, while the 2-year barely moved, sitting at 3.92%. Bond prices and yields move in opposite directions. Traders in the fed funds futures market have priced in a 97% chance that the Fed will hold rates steady at 4.25% to 4.5%, as measured by the CME FedWatch tool. The Fed begins its two-day meeting Tuesday, with a decision expected Wednesday. Ed Yardeni, president of Yardeni Research, said, “Odds are that it will be a non-event.” He added that the only thing worth watching is whether the FOMC keeps repeating the line: “We are in no rush to lower interest rates,” or gives any hint of changing course. David Kohl, chief economist at Julius Baer, echoed that. He doesn’t expect any rate cuts until September. “If there is more certainty that the tariff-driven inflation spike is only transitory,” David said , “the Fed will be able to adopt a neutral policy stance in 2026, with an additional two rate cuts of 25 basis points.” Focus turns to inflation, labor data, and Trump’s tariffs Markets are bracing for a string of U.S. data releases this week, which are expected to offer more signs that the economy remains strong. July’s consumer confidence data is due Tuesday, along with the JOLTS job openings report. On Thursday, the personal consumption expenditures (PCE) index, the Fed’s preferred measure of inflation, will be released. Analysts expect the data to show annual inflation climbing from 2.3% to 2.4%, based on projections from FactSet. The inflation numbers will also reflect the impact of tariffs, which have returned to the spotlight as President Donald Trump pushes his trade agenda. The recent deal between the EU and the U.S. wasn’t the only headline over the weekend. On Sunday, Commerce Secretary Howard Lutnick told reporters that a 90-day extension of the truce with China is likely. That extension could slow down inflation fears if it prevents new tariffs from kicking in. Meanwhile, the greenback is recovering from losses seen earlier this month, as traders adjust to the reality of Trump’s trade moves. The added clarity from the administration appears to be easing some of the market’s hesitation. Currency analysts say the dollar’s rally is being driven by a change in sentiment. “For now at least, the focus for FX market participants has moved away from the trade uncertainty and on to the resilience of the US economy,” said Derek Halpenny, head of research for global markets at MUFG. “That is clearly helping to prompt some short dollar position liquidation built up through the first half of the year.” Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
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Cardano facing major drawdown in price, but uptick volume is fueling renewed optimism
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