Bitcoin eyes $70k as Piggy Bankster launches in 26 hours

Key takeaways

  • Bitcoin is trading above $69k once again and is now targeting the $70k psychological level. 
  • Piggy Bankster is scheduled to launch on the Solana blockchain tomorrow

Bitcoin targets $70k

The cryptocurrency market is having a positive start to the week, with BTC and other major altcoins performing well. At press time, the price of Bitcoin stands at $69,070, up by more than 1% in the last 24 hours.

With the broader market performing well so far, BTC could target the $70k psychological level in the near term. 

Piggy Bankster prepares for launch

The cryptocurrency market has had an excellent run year-to-date, with most coins and tokens up by more than 50% during that period. As more investors troop into the market, exciting projects continue to emerge.

One project that is set to launch on the Solana blockchain this week is Piggy Bankster, a pig gangster-themed meme coin. 

The Piggy Bankster ($PIGS) launch is scheduled for June 4, 2024, and according to the development team it will be designed as a fair launch on the Solana network, allowing investors to acquire the token from the outset without any tiered price increases.

The total supply of Piggy Bankster tokens is set at 100,000,000 $PIGS, with 100% of this supply being allocated to the liquidity pool. The mem ecoin’s initial liquidity stands at $12,000, with a starting price of $0.00012 per $PIGS. 

What is Piggy Bankster? The new Solana meme coin

With the Piggy Bankster launch just a few hours away, now’s the time to find out more about this project. Piggy Bankster is a meme coin on the Solana blockchain. However, while the meme coin space is dominated by Dog, Frog, and Cat characters like Dogecoin, Shiba Inu, Pepe, and Popcat, Piggy Bankster is introducing something fresh to the ecosystem.

It is a pig gangster-themed project represented by a pig nicknamed Piggy Bankster. According to their official website, Piggy Bankster struggled his way out of the slums of Swine City and reached the top of the criminal underworld.

Piggy Bankster is a crime boss who only appears on-chain donning a pin-striped suit. Piggy has, does, and will blast anyone in his way and is notorious for his ruthlessness. The pig values loyalty above all and looks after those who serve him faithfully.

Piggy Bankster’s launch comes at a time when meme coins are experiencing massive adoption in the crypto ecosystem. At the moment, there are seven meme coins in the top 100 list, including Dogecoin, Shiba Inu, Pepe, Book of Meme (BOME), Dogwifhat (WIF), Bonk, and Floki.

Solana has become home to some of the leading meme coins thanks to the network’s speed and transparency. Piggy Bankster is now looking to leverage Solana’s features for its $PIGS token. 

You can learn more about the Piggy Bankster project from their website or follow their social media activities on X and Telegram.

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OKX expands crypto exchange services to the Netherlands

  • OKX has launched its Web3 wallet and crypto exchange service in the Netherlands.
  • The exchange will offer spot trading, crypto convert and other services, with support for 150 cryptocurrencies.
  • OKX holds regulatory approval from De Nederlandsche Bank (DNB), the central bank of the Netherlands.

Crypto exchange OKX has officially launched its Web3 wallet and exchange platform in the Netherlands.

The expansion brings OKX’s crypto services, including spot trading, to the exchange’s customers in the country, according to an announcement published on Monday, June 3.

OKX to support over 150 cryptocurrencies

According to the CEX platform, Dutch customers can now spot trade (buy and sell) as well as convert over 150 cryptocurrencies. Customers will have access to up to 60 euro-crypto trading pairs.

OKX has integrated with iDeaL, a local payment platform, for deposits and withdrawals in EUR. Users will also enjoy free, instant deposits via the popular online payments system.

The exchange has also announced support for deposits and withdrawals via the Single Euro Payments Area (SEPA).

As well as the spot trading feature, OKX users in the Netherlands can now tap into the growing world of crypto via the Web3 wallet. Customers will have “full custody of their own crypto.”

Meanwhile, the digital asset platform plans to leverage its global technical and product knowledge expertise to provide customers access to more trading tools.

Regulatory compliance

OKX, which has secured key regulatory approvals across various jurisdictions, plans to ensure its operations remain compliant to local and regional laws and requirements.

“We’re hard at work building around the world to bring our community a powerful, customized product. We’re also steadfastly dedicated to compliance and security and believe the future of crypto is regulated,” Erald Ghoos, the general manager of OKX Europe, said.

Ghoos noted that the company currently offers its CEX services in Europe in accordance with the crypto service provider registration by De Nederlandsche Bank (DNB), the country’s central bank.

OKX also holds a crypto asset service provider license in Malta.

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