Monat: Oktober 2024

• Solana (SOL) price is above $170 as bulls target key level likely to see SOL push for a new all-time high.
• Investors quickly scooped up the pre-seed offering of Vantard (VTARD), the first meme index fund for top Solana meme coins.
• Upcoming meme coin supercycle has investors buzzing for Vantard’s seed sale on Oct. 24, 1 pm UTC.

Vantard took the crypto market by storm this week, with its meme index fund selling out its pre-seed stage within hours of its launch.

As savvy traders scooped the Vantard (VTARD) token that offers access to the opportunity to conquer with Solana’s top meme coins, most top 10 cryptocurrencies were struggling to hold onto gains seen this past week. Solana (SOL), one of the last bull market’s top performing coins, was the only top 10 coin by market cap to trade in the green as its price hovered near $172.

If crypto prices pick a fresh upside momentum, Solana could retest its year-to-date high above $210. The all-time peak of $259 is about 33% from current price levels.

Vantard (VTARD) – a new way to ride meme coin supercycle

As traders eye the next big move for SOL and other cryptocurrencies, savvy investors keen on the meme coin supercycle have flocked to Vantard (VTARD).

VTARD is the token of cryptocurrency’s first meme index fund. With Vantard, holders have the ticket to a portfolio of the top Solana meme coins. The project’s Meme Index Fund offers token holders access to a low-touch index with exposure to the meme coin market on Solana.

The surge to $500k with 3 hours of pre-seed offering illustrates the demand and appetite for the product. Forecasts that meme coins are on the verge of another super upside move suggests when the seed round opens, it could sell out within minutes.

Vantard’s seed round is set to open on Oct. 24 and the countdown has the market abuzz.

VTARD and all the hottest Solana meme coins

In the past few months, dogwifhat (WIF), Popcat (POPCAT) and Bonk (BONK) are top SOL meme coins that showed there’s opportunity in the market. However, VTARD is taking this to a new level with the first meme coin index fund.

Analysts are predicting a parabolic rally for Bitcoin in the later stages of Q4, 2024 and throughout 2025. Similarly, top altcoins are likely set for an explosive run. But its meme coins that could turn the next bull cycle into a real supercycle.

With Vantard’s index taking the model that revolutionized the stock market and putting to work in crypto, a basket of SOL-based tokens rocketing put together could be an opportunity not to miss. Coins doing 100x, 500x or more in this ecosystem suggests a top portfolio will blow any given altcoin out of the way.

Where to buy Vantard (VTARD)

Regular investors eyeing this chance do not have to scramble for meme coins – only buy VTARD, hold and benefit from the portfolio’s performance.

The monthly rebalanced product brings all the hottest SOL-based meme coins to investors. But how much does one need to start off? According to details on the Vantard presale page, it will be as little as $100 per month or a larger one-off sum.

Looking to join the Vantard seed sale? That goes live on Thursday, Oct. 24 at 1 pm UTC.

To learn more about Vantard, visit the official website.

The post Solana near key level as investors eye Vantard (VTARD) appeared first on CoinJournal.

• Ripple CEO Brad Garlinghouse claims an XRP ETF is “inevitable” despite Ripple’s legal issues.
• Garlinghouse cites the $17 billion influx into Bitcoin ETFs as proof of strong demand.
• Bitwise and Canary Capital have filed for XRP ETFs, highlighting growing interest.

In a recent interview with Bloomberg, Ripple Labs CEO Brad Garlinghouse expressed his strong belief that an XRP ETF is “just inevitable,” despite the ongoing legal challenges between the company and the US Securities and Exchange Commission (SEC).

Garlinghouse’s comments come on the heels of significant developments in the cryptocurrency ETF space, particularly following the approval of Bitcoin as the first crypto-based ETF in the United States earlier this year.

Garlinghouse pointed to the impressive influx of $17 billion into Bitcoin ETFs since their approval in January, highlighting the robust demand from both institutional and retail investors to gain exposure to digital assets.

With Ethereum anticipated to be the next cryptocurrency approved for ETF status, Garlinghouse is optimistic that XRP will follow suit. He noted that the interest in ETFs has surged within the crypto community, serving as a crucial vehicle for enhancing Bitcoin’s market presence and fostering adoption among institutional investors.

Bitwise and Canary Capital have filed for an XRP ETF

Earlier this month, Bitwise Asset Management became the first firm to file with the SEC for an XRP ETF, marking a pivotal moment for the cryptocurrency, which ranks as the seventh largest by market capitalization.

Canary Capital Group followed suit, signalling a growing interest in XRP-based investment products. Interestingly, Canary Capital has also filed for a Litecoin ETF.

Despite Ripple’s legal battle with the SEC, which dates back to 2020, when the agency alleged that the company unlawfully sold XRP as an unregistered security, Garlinghouse remains optimistic.

A landmark ruling last year determined that XRP is considered a security only when sold to institutional investors, a decision that has been appealed by the SEC.

Garlinghouse believes that the evolving regulatory landscape and the increasing popularity of crypto ETFs will ultimately pave the way for XRP’s inclusion in this investment vehicle, further solidifying its place in the burgeoning digital asset market.

The post Brad Garlinghouse says XRP ETF ‘inevitable’ appeared first on CoinJournal.

• Ripple CEO Brad Garlinghouse endorses John Deaton against Senator Elizabeth Warren.
• Deaton has strong pro-crypto advocacy; Warren criticizes him on various issues.
• Ripple supports Deaton’s campaign while also backing Kamala Harris’s candidacy.

Ripple CEO Brad Garlinghouse has thrown his support behind Republican John Deaton in his bid to unseat incumbent Senator Elizabeth Warren in Massachusetts.

Garlinghouse publicly endorsed Deaton in an October 22 post on X, saying he “enthusiastically and wholeheartedly” backs Deaton due to his work advocating for XRP holders and the broader crypto industry.

Ripple supports Deaton against Warren

Deaton, a well-known lawyer, has been a vocal supporter of cryptocurrency and is challenging Senator Warren, one of crypto’s most prominent critics.

Garlinghouse’s endorsement came as no surprise to many, given Ripple’s substantial contributions to Deaton’s campaign despite also contributing $11 million in XRP to a political action committee supporting Democratic presidential candidate Kamala Harris.

Interestingly, despite Ripple co-founder Chris Larsen recently endorsing Kamala Harris, he and the company’s chief legal officer Stuart Alderoty have also donated to Deaton’s Senate run.

Additionally, Ripple is a major donor to the Commonwealth Unity Fund PAC, which has been running media campaigns in support of Deaton and against Senator Warren.

Clash over digital asset policies

Crypto regulation has emerged as a significant issue in the Senate race, with Deaton and Warren clashing over digital asset policies during two recent debates.

Warren has accused Deaton of prioritizing the interests of the crypto industry over other critical issues such as immigration and the economy. She has claimed that Deaton’s campaign is beholden to crypto, saying “100% of his loyalty in Washington will be to crypto.”

Deaton, in turn, has criticized Warren for focusing excessively on regulating digital assets and failing to address other pressing concerns. Warren and Securities and Exchange Commission Chair Gary Gensler have become two of the most outspoken critics of cryptocurrency in US government.

With less than two weeks until the US elections, Warren holds a significant lead in most polls, but Garlinghouse’s endorsement of Deaton highlights the growing importance of crypto policy in political debates.

The post Ripple CEO endorses Republican John Deaton in Senate race against Elizabeth Warren appeared first on CoinJournal.

• Tigran Gambaryan and Binance have been accused of laundering more than $35 million
• Nadeem Anjarwalla, a colleague of Gambaryan, was also detained, but managed to escape on a Middle Eastern airline in March

The Nigerian government has dropped all charges against a Binance executive who had been detained in the country since February.

Tigran Gambaryan, head of financial crime compliance at the  crypto exchange, was facing trial on money laundering charges; however, R.U. Adaba, a lawyer representing the Economic and Financial Crimes Commission (EFCC) announced the withdrawal during a hearing at the Federal High Court in Abuja on October 23, according to Premier Times.

He and Binance were charged with laundering over $35 million.

The EFCC lawyer said Gambaryan was an employee of Binance and that he wasn’t involved in the company’s wider financial decisions. The decision was agreed to by Mark Mordi, a Senior Advocate of Nigeria (SAN) representing Mr Gambaryan.

The decision to drop the charges comes two days before a courtroom session was scheduled for October 25. According to Premier Times, the Wednesday hearing appears to have taken place to avoid as much attention as possible.

Nadeem Anjarwalla, a colleague of Gambaryan, had also been detained while the two were visiting the country. In March, it was reported that Anjarwalla escaped after boarding a Middle Eastern airline with the aid of a fake passport.

Charges dropped, but not acquitted

According to Adaba “diplomatic interventions” and the “extent of the defendant’s involvement in the alleged crimes” were the main factors for the decision.

However, another EFCC lawyer said that the charges against Gambaryan were dropped to enable him to get medical attention abroad.

“We have withdrawn the money laundering charges against Tigran Gambaryan to allow him to get medical treatment outside the country,” said EFCC lawyer Ekele Ihenacho.

Notably, while Gambaryan has been discharged, he hasn’t been acquitted. Adaba said the reason they dropped the charges was due to ill health, “it’s not on the ground of insufficient evidence,” adding:

“The matter has not been heard on its merit, and we are still calling witnesses.”

The trial against Binance continues and is scheduled to take place on November 22 and 25.

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