Lightchain emerges among the best cryptos for those who missed XRP’s November surge. #partnercontent
Trump Patriot could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Patriot (TRUMPPAT), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because TRUMPPAT 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, Trump Patriot 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 Trump Patriot could become the next viral memecoin. Trump Patriot 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 Trump Patriot 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 Trump Patriot by entering its contract address – 9hmvtogFEjzZQMFfJ5Hiq7fQSq7E38mG3Qjb7X42qM6P – 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 TRUMPPAT. 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.
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.
Digital asset manager 21Shares has registered its Polkadot Trust in Delaware, marking another step to expand exposure to the smart contract network for accredited investors. This move joins the growing list of firms launching new crypto products. The Switzerland-based firm’s decision to register a Polkadot Trust is quite interesting, given the smart contract network’s relatively low popularity compared to its competitors, such as Solana and XRP. However, 21Shares has always been bullish on DOT, and it launched the first Europe-based exchange-traded product for Polkadot in 2021 on the SIX Swiss Exchange. Meanwhile, many in the crypto community believe that the Polkadot investment product might not attract much investment, given the limited interest in the network. Polkadot token DOT is ranked 17th on CoinMarketCap, with a market cap of around $11 billion. The leading asset manager, Grayscale, registered a Polkadot Trust in Delaware in 2021. However, DOT is currently only part of its Grayscale Smart Contract Platform Ex-Ethereum Fund , which also includes SOL, ADA, AVAX, and NEAR. DOT has a 6.97% weighting in the fund, which interestingly has only $5.28 million in assets under management, far below the newly launched SUI Trust. Bitcoin and Ethereum ETFs outperform Meanwhile, 21Shares registration highlights the positive sentiments among asset managers about crypto-focused investment products. The massive success of Bitcoin and Ether exchange-traded funds (ETFs) has contributed to this, with many seeing it as a sign of demand for alternative investment products. Since launching in January, the US Bitcoin ETFs have seen a year-to-date flow of $37 billion, far above many analysts’ bullish estimates. Interestingly, the ETFs also had 15 days of consecutive inflows between November 27 and December 18, showing that demand is not subsiding. Bitcoin ETFs Inflows (Source: Hodl15Capital) Bloomberg ETF expert Eric Balchunas described the growth as massive, although its routine nature has made many think it’s normal. BlackRock IBIT has had the fastest growth to $50 billion of any ETF. Balchunas said: “It’s become so routine we getting numb to it (kinda like Vanguard flows) but this is a LOT of cash esp in month 12 of a brand new category.” Even Ethereum ETFs , which have not had near the success of Bitcoin ETFs, have also been quite successful. In December alone, they saw $1.66 billion in inflows, and their total AUM has now reached $11 billion. Institutional interest appears to be picking up for the ETH ETFs, as December inflows account for 74% of total inflows into the products. What to expect from crypto ETFs in 2025 With BTC and ETH ETFs proving successful this year, many experts expect the products to continue with this performance next year. ETF Foundation President Nate Geraci noted that ETH ETFs are currently on pace with Gold, but he expects inflows to accelerate soon. Balchunas expressed uncertainty about how the Bitcoin price will affect Bitcoin ETFs but noted that the product has already shown itself to be a major category. Thus, he expects it to get bigger and become more diverse. Meanwhile, many stakeholders and analysts believe there will be more crypto ETFs in 2025 as regulatory clarity clears the way. This is likely why several asset managers have been launching new crypto investment products, with plans to convert them into ETFs. However, experts believe that altcoins such as XRP and Solana, which the Securities Exchange Commission (SEC) has classified as securities in its lawsuits, might face some challenges in getting ETF approval until those lawsuits are settled or the SEC changes its tune. Bloomberg experts said: “As long as the SEC’s Division of Enforcement actively says these assets are securities or were securities offering, it’s unthinkable that another division would explicitly approve them in stand-alone commodity ETFs.” Nevertheless, they noted that the SEC’s approval of Ethereum ETFs could eventually be the argument for exchanges and issuers who want those assets classified as commodities because of the similarities between the networks. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
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%. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
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.”