Monat: Oktober 2024

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Tap Protocol delays TAP token distribution event

  • Tap Protocol has delayed its TAP token launch date from October 21, 2024 to October 23, 2024.
  • TAP, with a total supply of 21 million, will go live on Bitcoin and Ethereum

Tap Protocol, a decentralized finance platform on Bitcoin, has announced that its anticipated token distribution will now occur on October 23, 2024.

The protocol has earlier announced the Token Generation Event (TGE) would be on Monday, October 21, 2024. However, it released an update early Monday noting that the TGE will now happen on Wednesday, October 23 at 12:00 UTC.

Why the Tap Protocol TGE delay?

According to the Bitcoin DeFi protocol, the postponement is meant to allow ecosystem partners such as bridges to be properly prepared for the potential surge in transactions.

“Nobody likes delays, but unfortunately, we have to postpone our TGE to the 23rd of October at 12:00 UTC. While we understand the wait may be difficult, we want to ensure that our bridge and other products are in perfect condition to support the expected high volume of users,” Tap Protocol posted on X.

TAP will be available on Bitcoin and Ethereum networks at launch, while the roadmap highlights token swap, marketplace and staking as key milestones.

Notable about Tap Protocol is that the TAP token will have a fixed supply of 21 million tokens. The project uses the Ordinals system, with the aim being to advance the BTC ecosystem’s DeFi and dApps capabilities via various assets. It includes non-fungible tokens (NFTs).

The post Tap Protocol delays TAP token distribution event appeared first on CoinJournal.

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Stripe acquires stablecoin platform Bridge for $1.1 billion

  • Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge.
  • The company reestablished support for crypto payments in April, adding USDC on Ethereum, Solana and Polygon in October 2024.

Stripe has completed the acquisition of Bridge, a stablecoin platform that helps companies and businesses accept payments in stablecoins.

According to TechCrunch founder Michael Arrington, Stripe’s deal for Bridge is valued at $1.1 billion and is the fintech company’s largest to date. The TechCrunch founder shared the news via X.

Stripe’s acquisition of Bridge comes after reports of talks for a deal surfaced last week. This also comes after Stripe, which has recently increased its visibility in the crypto space with recent deals such as TaxJar and Lemon Squeezy, unveiled its latest crypto-focused feature.

The ‘Pay with Crypto’ feature, which integrates Paxos, allows companies to add stablecoins to their checkout systems. It’s a step that has also seen several other platforms partner to bring stablecoin payments to more businesses.

Stripe had previously halted crypto payments in 2018 before making a reentry in April 2024. Stripe also partnered with Coinbase to integrate Base, a layer-2 network, in June. In July, the fintech expanded its crypto product to the European Union.

The most recent milestone saw Stripe re-introduce crypto payments with USDC on Ethereum, Solana and Polygon.

Meanwhile, entrepreneurs Sean Yu and Zach Abrams unveiled Bridge in 2022. The platform raised $58 million from venture capital investors, with $40 million secured during a Series A round at a valuation of $200 million.

The post Stripe acquires stablecoin platform Bridge for $1.1 billion appeared first on CoinJournal.

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Solana bull who predicted $259 ATH now eyes $700, identifies token that could mirror SOL’s 2021 rally

The year 2021 will certainly be inscribed in the history of Solana due to the all-time high SOL achieved during the bull run. Now, one of the Solana bulls who accurately predicted that the ATH of $259, is taking bold steps once more on the prediction of Solana. This Bull sees $700 by 2025 as ‘very much’ on the table for Solana. But what is more interesting is that the same bull has also found another token, Rexas Finance (RXS), which could perform in the same way as Solana did in 2021.

Solana’s 2021 price rally: A lesson in exponential growth

Several reasons led to the rising popularity of SOL’s chain in the year 2021. To begin with, it was obvious that the platform emerged as the faster and more efficient version of Ethereum, which had been suffering from major problems such as high transaction costs and sluggish speed. This technical advantage enabled Solana to penetrate the market especially more so in the DeFi and NFT markets.

At the same time, Solana’s very own ecosystem also hosted a rich assortment of projects and developers thereby speeding up the contend for its adoption and the need for SOL tokens. Institutional investment followed, and when more traders jumped on board, Solana prices went up to an ATH of $259.

The speed, efficiency, and expansion of the ecosystem around the blockchain make SOL still relevant in the crypto space. The Solana bull who accurately predicted $259 for Solana has now set a price prediction of $700 in 2025. This Bull believes that this price objective is ‘very much’ on the table.

Rexas Finance (RXS): The token that might mirror Solana’s 2021 rally

Solana could have more scope for expansion up ahead, however, this Solana bull is also giving a lot of focus to Rexas Finance (RXS), which this bull believes could follow a similar upward trajectory in 2025 as Solana did in 2021.

Crypto markets today have an influx of projects such as Rexas Finance, which seems relatively new but specializes in RWA tokenization gaining traction in the industry. Different from many of the meme coins that are hyped up but have no use cases, Rexas Finance brings something useful as it enables investors to hold proportions of actual things such as real estate and other commodities in the form of its blockchain.

This is where the spirit of the token comes from, as certain aspects of this token give it a degree of stability and a scope for growth that is not in many altcoins. The possibility of investing in real assets using the blockchain makes Rexas Finance very appealing to both individual investors and institutions looking for safer and asset-backed investment options.

The strong presale performance of Rexas Finance is a clear indication of how the market feels about the project. In its 4th presale stage, RXS goes for only $0.06 yet has managed to collect over $3.5 million already. The majority of the earlier presale stages were cleared before the set timelines which only goes to show the interest in the token is increasing further. Furthermore, the addition of Rexas Finance’s features listing on CoinMarketCap has created even more visibility for the project among investors in the crypto sphere. The ongoing $1 million giveaway has also helped fuel interest in the project, with more than 121,400 people participating. These early signs show that the Rexas Finance project has the chance to gain mass adoption just like happened with Solana in 2021.

Conclusion

The Solana Bull has marked Rexas Finance (RXS) as the third potential target to behave similarly to Solana’s calendar year 2021 unprecedented soaring. With its unique strategies of enabling access to non-digital assets through the use of blockchain technology, good presale results, and increasing community support, Rexas Finance is soon becoming one of the tokens to watch out for. For the investors hoping to get back the hefty returns that were witnessed during Solana’s run in 2021, Rexas Finance has the potential to offer significant upside. Should the Solana bull be on point with his predictions, then Rexas Finance may just be the ultimate next altcoin revolutionizing early investors’ returns.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Solana bull who predicted $259 ATH now eyes $700, identifies token that could mirror SOL’s 2021 rally appeared first on CoinJournal.

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Bitcoin steadies at $68k, meme coins surge as focus shifts to Poodlana

Bitcoin price has recorded its second week of consecutive gains; ending the week steady above the resistance-turn-support zone of 68,000. On Friday, it hit a level last recorded in late July after rallying by 17% in about a week. At the time of writing, BTC was trading at $68,440.47. 

Risk-on sentiment continues

The risk-on mood that has increased the attractiveness of bitcoin and other cryptocurrencies in recent sessions is also observable in the US stock market. In fact, the Dow Jones Industrial Average index and S&P 500 both ended the week at a fresh record high. At the same time, Nasdaq 100 held steady above $20,000 as the bulls eyed the all0time high reached in mid-July 2024 at $20,702. 

Signs of a resilient US economy have contributed to the rallying in the cryptocurrency market and the overall risk-on mood. Recent data, including September’s jobs report and retail sales came in better than expected. The resultant surge in consumer confidence has seen the US dollar record three consecutive weeks of gains. On Thursday, it extended gains to a level last hit in early August before slightly pulling back on Friday. 

Additionally, rate cuts by the Federal Reserve have contributed to the positive market sentiment. As seen on CoinMarketCap, the fear and greed index is at a greed level of 60 after being at a neutral of 46 in the past week. During its September meeting, the US central bank cut interest rates by 50 basis points; the first in four years. Notably, an environment of lower interest rates tends to attract investors to riskier assets like cryptocurrencies. 

US election and Bitcoin ETF inflows

Markets are now keen on the next Fed meeting on 7th November, just two days after the closely watched US elections. In addition to the anticipated rate cut of 25 basis points, a Trump win will likely yield further gains for cryptos. 

The presidential candidate not only owns a crypto venture but he has also openly held a pro-crypto stand. According to Polymarket, Trump’s chances of winning the elections are at 59.9% against Kamala Harris’ 40.1%. This forecast already has more traders investing in the crypto market with elections in the horizon. 

To top it off, Bitcoin ETF inflows are on the rise. According to SoSoValue, the daily total net inflow was $273.71 million as at 18th October. Cumulatively, the net inflows year-to-date are $20.94 billion. 

Poodlana token could stage a comeback

As is often the case, meme coins are moving in tandem with Bitcoin’s price movement; creating irresistible opportunities for savvy investors. As seen on CoinGecko, the meme market cap is at $63 billion, up by 0.3% over a span of 24 hours. Over the past 7 days, meme coins like Dogecoin, Floki, Bonk, Cats in a dogs world, and BOOK OF MEME have risen by 28.1%, 12.3%, 8.0%, 25.5%, and 19.7% respectively. 

Poodlana, a newly launched cryptocurrency built on the Solana network, stands out for meme coin enthusiasts as well as fashion-centric investors. Its appeal is largely founded on the Solana blockchain’s principle of cost efficiency as well as its link to the luxury fashion industry. More to that, its recent decline has created an ideal buy for investors scouting for cheaper options.

The altcoin has dropped to a record low of $0.003167 as at the time of writing. Notably, a decline in price following a successful ICO is common as the early adopters sell their holdings for an easy and fast profit. With POODL, this was especially expected as the lack of a vesting period meant investors could sell their tokens immediately the meme coin hit public shelves. 

As Bitcoin ETF inflows surge, an increase in BTC demand by both retail and institutional investors is set to trickle to altcoins like Poodlana. 

Besides, geopolitical tensions in the Middle East and caution over the economic stability in the US and China, and globally, will further attract investors to Bitcoin as a safe haven. Additional rallying of the top crypto by means of its market cap is expected to yield a rebound in alternative cryptocurrencies like Poodlana.  You can lean more about Poodlana here.

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