Monat: Juli 2024

• Poodlana, a meme coin that blends crypto and fashion, will launch its presale on July 17, 2024 at 11 am UTC.
• Ahead of the highly-anticipated presale, which is just hours away, Poodlana is going viral in Asia.
• The 30-day presale will end on August 16, 2024.

As crypto flip bullish, a new Solana meme coin called Poodlana is going viral. With hours to go before its highly anticipated launch, Poodlana has attracted unprecedented interest in Asia and across the crypto market.

The countdown to this huge event has ticked down to just hours.

On July 17 at 11 am UTC, the biggest meme coin launch on Solana so far, will go live in presale. 

Poodlana – merging fashion and crypto

The buzz is real as Poodlana struts elegantly to the Solana blockchain. Poodlana is set to bring the best of Asia’s love for the poodle and crypto together, blending them for the crypto savvy and fashion-driven.

It’s shaping up to a potentially explosive opportunity in a market that has increasingly flipped bullish amid multiple positive catalysts.

This outlook merges perfectly into Poodlana’s brand – a crypto token that has captured the imagination across Asia where the poodle has become the top dog breed in fashion.

China, Japan, Korea and other Asian countries are also big on crypto, often the main drivers of massive volume for viral cryptocurrencies.

Why the buzz around Poodlana?

Poodlana has the first mover advantage in the region where the poodle has the industry buzzing.

Amid this are projections that the Asian fashion market will reach $985 billion by 2030. Meanwhile, crypto is here to stay and regulators have woken up to that fact.

With Solana leading the thriving meme coins market, which experts have said is an important sector of the broader cryptocurrency space, the Poodlana presale looks likely the opportunity that early bidders hunt for.

When it launches post presale, Poodlana will follow a five phase roadmap to deliver a complete ecosystem, with POODL staking, airdrops and partnerships with global brands on the cards.

Poodlana’s presale and tokenomics details

Poodlana will be a 30-day presale on Solana that will run from July 17, 2024 to August 16, 2024.

It’s what Poodlana calls a “Crypto Fashion Month” and will not just have the glamour of the poodle on the runway, but glitzy AMAs and other exclusive events.

The POODL is the early ticket to this exciting world.

In this exclusive token sale, a total of 500 million POODL representing 50% of total supply of 1 billion tokens will be available across 10 stages. The tokenomics page shows that 15% of supply is reserved for marketing, while 5% goes to partnerships and another 5% to community rewards. The treasury will have 10% and liquidity 15%.

The price of POODL will start at $0.02 in stage 1 and increase every three days until the final stage.

Poodlana will then list POODL on its first DEX within 60 minutes of the presale close, putting this hot token in the hands of a buzzing community. The result could be an explosive debut in the market, likely as the broader market rips higher.

If Asia takes up POODL as they did with Chuan Pu to give it a 400x spike, getting in in stage 1 might be an undebatable win.

Want to learn more, visit the Poodlana website.

The post Poodlana goes viral ahead of highly-anticipated launch appeared first on CoinJournal.

• Worldcoin has announced an extension of token lock-up for early project contributors from 3 years to 5 years.
• WLD price jumped after the announcement, rising more than 20% to reach highs of $2.42.

Worldcoin (WLD) price jumped on Tuesday, rising more than 20% to hit intraday highs of $2.42.

Although WLD price saw slight gains alongside other cryptocurrencies on the day, the pace increased sharply after what the market sees as bullish news from Tools for Humanity, the developer team contributing to Worldcoin’s development.

Worldcoin extends WLD token lock-ups for team and investors

On Tuesday, Worldcoin announced that TFH had extended the lock-up period for tokens held by team members and investors – from 3 years to 5 years.

“Starting July 24, 2024, the WLD tokens allocated to the investors and team members of Tools for Humanity (TFH), early contributors to the Worldcoin project, are scheduled to begin unlocking daily in a linear fashion,” the Worldcoin Foundation wrote in a blog. “This week, TFH informed the Worldcoin Foundation that—in a move aligned with the long-term nature of Worldcoin’s mission— the unlock schedule for 80% of the WLD held by TFH’s team members and investors is being extended from 3 to 5 years.”

The new lock-up schedule however does not impact WLD grants meant for verified World ID holders.

According to Worldcoin, the project has seen over 6 million people get verified for a World ID via the orb scan.

World ID holders have claimed over 211 million WLD tokens since Worldcoin’s launch in July 2023, with total token claims accounting for 77% of the cryptocurrency’s current circulating supply of 275 million WLD.

As of Tuesday, the Worldcoin Community pool still held 7.22 billion WLD tokens, which the Worldcoin Foundation administers alongside its affiliate World Assets Ltd to support the project’s long-term sustainability.

WLD token’s price remains below $5 where it dropped amid Hong Kong authorities’ order that Worldcoin ceases its biometric data collection.

The post Worldcoin extends token lock-ups for early contributors; WLD price jumps 20% appeared first on CoinJournal.

• Kraken partners with Tottenham Hotspur, placing logo on team sleeves from 2024/2025.
• The deal aims at blending crypto with fan engagement to enhance global presence and influence.
• The deal is part of Kraken’s strategy to integrate Web3 with a target of $100M funding goal.

Crypto exchange Kraken has entered a significant multi-season partnership with Tottenham Hotspur, becoming the Official Crypto and Web3 Partner for the renowned English football club.

This collaboration will see Kraken’s logo featured on the sleeves of all Tottenham Hotspur Men’s and Women’s teams starting from the 2024/2025 season.

Kraken expands its partnerships with football clubs

The alliance with Tottenham Hotspur aims to blend the forward-thinking visions of both entities, leveraging advanced technologies to elevate the fan experience and expand the football community’s understanding of cryptocurrency.

This agreement represents a crucial milestone in Kraken’s global marketing strategy, which has also seen a recent partnership with Atletico de Madrid in Spain’s La Liga.

Kraken and Tottenham Hotspur plan to engage the club’s vast global fan base through a variety of innovative initiatives. These include exclusive content, fan pop-ups, and behind-the-scenes access to both Kraken’s and the club’s events.

By integrating crypto education and Web3 technology into these experiences, Kraken aims to deepen fans’ connection to the sport and the team, creating unforgettable memories.

The goal of raising $100M this year

While the financial specifics of the deal remain undisclosed, the partnership aligns with Kraken’s broader objectives.

The company is ambitiously looking to raise $100 million in funding by the end of the year, positioning itself for a potential initial public offering (IPO). This collaboration with Tottenham Hotspur underscores Kraken’s commitment to expanding its presence and influence in the sports world.

Notably, Kraken’s deal with Tottenham follows Manchester City’s recent reveal of OKX as their new sleeve partner in a multi-year agreement, highlighting the increasing convergence of sports and cryptocurrency.

As Kraken and Tottenham Hotspur embark on this innovative journey together, they aim to set a new standard for fan engagement and technological integration in football.

The post Kraken announces landmark sleeve deal with Tottenham Hotspur appeared first on CoinJournal.

• LiFi Protocol has been breached and $8M have been drained so far.
• Cyvers Alerts advises revoking approvals for 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae.
• Attackers are converting USDC and USDT to ETH, emphasizing DeFi security risks.

LiFi Protocol, a vital API facilitating swaps between Ethereum virtual machine (EVM) and Solana (SOL), has fallen victim to a devastating cyberattack.

Reports from Cyvers Alerts indicate that hackers have exploited a specific contract address associated with LiFi Protocol, leading to the theft of more than $8 million in cryptocurrencies, predominantly stablecoins.

The breach was detected when Cyvers Alerts flagged suspicious transactions linked to the address 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae on LiFi Protocol.

🚨ALERT🚨@lifiprotocol, Our system has raised suspicious transactions involving your https://t.co/3LzbDK99Ed

We recommend users to revoke their approvals for: 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae

More than $8M have been drained so far from users and mostly stablecoins!… pic.twitter.com/zsj9DZWnpU

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) July 16, 2024

LiFi Protocol attackers leveraged user approvals

According to Meir Dolev, co-founder and CTO at Cyvers, the attackers have leveraged user approvals linked to this address to drain assets stored within smart contracts and connected wallets.

The attackers have predominantly converted USDC and USDT tokens into ETH, exacerbating the financial impact of the breach.

In response to the breach, Cyvers Alerts has urgently advised users to revoke any approvals granted to the compromised address. This precautionary measure aims to mitigate further losses within the LiFi Protocol ecosystem.

Cyvers Alerts continues to monitor the situation closely, with ongoing updates anticipated as investigations progress.

The incident underscores the persistent vulnerability of decentralized financial platforms to sophisticated cyber threats. It serves as a stark reminder of the importance of robust security measures and vigilant user oversight in safeguarding digital assets within blockchain ecosystems.

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