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Ethereum-Mitbegründer Vitalik Buterin hat vorgeschlagen, die Mindestanforderung für Validatoren im Ethereum-Netzwerk von 32 ETH auf nur 1 ETH zu senken. Diese Veränderung könnte das Staking für eine breitere Nutzerbasis zugänglich machen und gleichzeitig die Dezentralisierung des Netzwerks stärken.
US Vice President and Democratic presidential nominee Kamala Harris has announced she will support a “regulatory framework for cryptocurrency and other digital assets” as part of her “Opportunity Agenda.”
Speaking to a group of black entrepreneurs in Erie, Pennsylvania as part of Harris’ campaign trail, her agenda forms part of a broader speech to boost voter support for Harris among black men.
In her agenda, it said Harris wants black men “who hold digital assets to benefit from financial innovation,” adding:
“Vice President Harris knows that more than 20% of Black Americans own or have owned cryptocurrency assets, which is why her plans will ensure owners of and investors in digital assets benefit from a regulatory framework so that Black men and others who participate in this market are protected.”
This agenda from the Harris presidential team adds to the vice president’s latest comments on crypto, which have become a recurring topic during the 2024 campaign trail.
In September, Kamala Harris made, what are believed to be, her first crypto-positive remarks during a New York fundraiser.
During her comments Harris promised that, if elected, she would help grow investment in artificial intelligence and crypto, adding:
“We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.”
Harris’s comments come as presidential rival Donald Trump is increasing his support of the crypto industry.
Earlier in September, Trump – who said he wants to make America the “crypto capital of the planet” – became the first US president to use the Bitcoin network after sending a Bitcoin transaction at PubKey, a crypto-themed bar in New York ahead of his campaign rally in Long Island.
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According to several cryptocurrency analysts some of the coins with a solid image, such as Cardano (ADA) and Ripple (XRP) could be heading for a significant downtrend. Even as these giants struggle with their momentum, a new player in the market Rexas Finance (RXS) seems set to grow tremendously, with some forecasts estimating its market price could rise to a new all-time high of $20 within the next months.
Cardano, which was once viewed as a competitor of Ethereum, could be in for a further decline, according to some analysts, with the price currently stuck at $0.35. The forecast drop is because the improvements in the network have not led to an equal rise in interest from investors.
Similarly, Ripple (XRP) has its own issues as well. XRP’s price plummeted after peaking on the back of the SEC lawsuit results. At this juncture, Ripple is trading at $0.50, and the future of this coin is not too bright according to many insiders, as investors are now looking for relatively new tokens that offer better returns.
XRP and ADA have both failed to gather many keys in terms of their market share. But one budding DeFi platform, Rexas Finance (RXS), is making heads turn and overtaking stronger competitors just because of its strong fundamentals along with its potential.
Rexas Finance (RXS) has performed exceptionally well so far. From the lower end of a £0.03 presale price, which has now reached approximately £0.06, the coin has increased by up to 100% during its first presale stages. This quick rise has drawn the attention of retail as well as whale investors.
As the RXS token is in its fourth presale stage, which means the listing price is on the edge of $0.20, massive post-launch growth could be on the cards within the next few months, according to several market forecasts.
The recent upsurge in growth for Rexas Finance is attributed to its revolutionary approach towards real estate tokenization which facilitates the tokenization of real-life possessions meteorically. This opens up new avenues for liquidity and investment. Due to the provision of real-world utility, RXS has so far risen within the ranks of the DeFi world, even outpacing ADA and XRP when it comes to functionality.
In consideration of the change in trends in the real estate industry, tokenization of real-world assets is expected to grow into a $1.5 trillion industry by 2030. This allows RXS to gain first mover advantage, which could encourage institutional investment and help drive the token towards its price target of $20 in the year 2025.
RXS has attracted big investors with more than $2 million raised and 60 million tokens sold during the presale. Most interestingly, some of the whales, popularly known for promoting Shiba Inu and Cardano have now turned their attention towards Rexas Finance anticipating a huge long-term potential.
Additionally, the launch of RXS also falls in line with the previous projection of bull runs. In history, many new coins that have come into being during such an uptrend have seen tremendous growth within a short period. If Rexas Finance’s (RXS) price goes this way, the $20 price target could become a reality sooner than anticipated.
Practical Application: As Cardano and Ripple are having a hard time operating at a possible scale in giving any real-world utility, Rexas Finance is already making headlines with real estate tokenization, emerging as a trillion-dollar market.
Growing Investor Confidence: The steady price increase during RXS’s presale and its impressive fundraising efforts have caught the attention of both retail and institutional investors. With over $2 million raised so far, RXS’s strong financial backing makes it a safer bet compared to the more volatile ADA and XRP.
Whale Accumulation: There has been a noticeable trend where big-time investors have started to sell off their ADA and XRP positions and are rather keen on investing in RXS. This change in the pattern of whale behavior indicates that the general attitude in the market is that RXS offers better prospects for high returns.
Though Cardano and Ripple may have some difficulties in the following months, Rexas Finance has ambitions to reach new heights. Thanks to its successful strategy in the sphere of real estate tokenization, a well-developed ecosystem, and the rising community, Rexas Finance (RXS) could be preparing to soar.
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
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Hyperliquid, a decentralized exchange that provides for perpetual derivatives trading by aggregating liquidity across the ecosystem, has announced the launch of its native token HYPE.
The platform, which allows its users access to leveraged trading of cryptocurrencies , revealed the upcoming airdrop on October 14, 2024.
Specifically, the announcement followed the formation of Hyperliquid Foundation, an entity that will support development of the network. Other than the DEX platform, the Hyperliquid Foundation will also help promote growth of the ecosystem.
HYPE will launch ahead of the mainnet for HyperEVM, the Hyperliquid Foundation noted in a post on X.
“Hyperliquid’s order books already provide the deepest and most robust onchain liquidity for a wide spectrum of assets. With the launch of the HyperEVM, any application built on Hyperliquid will also have access to this deep liquidity and other native financial primitives,” the Foundation wrote.
The Hyper Foundation has been established to support the growth of the Hyperliquid blockchain and ecosystem. Today, the flagship application on Hyperliquid is the premier decentralised exchange, part of the foundation for a new financial system. Hyperliquid’s order books already… pic.twitter.com/EF6AdfI1Qz
— Hyper Foundation (@HyperFND) October 14, 2024
As well as the HyperEVM, HYPE will be crucial to the project’s network mechanism via HyperBFT, a proof-of-stake (PoS) consensus mechanism.
On how the HYPE airdrop will be handled, Hyperliquid Foundation noted:
“As part of the genesis distribution, eligible users can choose to receive HYPE and optionally a Hypurr NFT to commemorate the upcoming launch of the HyperEVM on mainnet.”
The team plans to share more details of the upcoming airdrop at a later date.
The post Hyperliquid announces upcoming HYPE token airdrop appeared first on CoinJournal.
Bitcoin (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024 as most cryptocurrencies recorded 24-hour gains.
According to data from CoinGecko, BTC price had reached highs of $66,173 across major crypto exchanges.
On Coinbase it hit $66,296. The gains came as the flagship cryptocurrency bounced from the uncertainties witnessed the previous week, with Bitcoin bulls seeing a 4% flip in weekly price performance.
Bitcoin traded around $65,959 on Coinbase at the time of writing, suggesting a potential continuation amid gains across the S&P 500. The issue of China’s stimulus package was also told in trader sentiment. In the crypto market, the overall “Uptober” mood looked to have swung in as altcoins also rose.
A forecast for BTC by the Singapore-based trading firm QCP Capital suggests BTC is showing price trajectories that mirror previous US election cycles.
If this trend continues, Bitcoin bulls may target further gains ahead of the Nov. election.
“Although there could be many factors that could explain today’s move, it is quite an interesting time if we look at historical price action. We are in the middle of October and just three weeks away from the US elections,” QCP said in an update on Telegram.
The trend in 2016 saw Bitcoin rise from around $600 three weeks to the election to above $1,200 in early January. It again happened in 2020, when BTC rallied from $11k around mid-October to hit $42k in January 2021.
“After months of trading in the range, will history repeat itself? Today’s rally has definitely given the market a glimmer of hope just as Uptober optimism was fading,” QCP added in the note.
Bitcoin reached an all-time high of $73k in March, with the rally coming amid halving sentiment and the launch of spot Bitcoin exchange-traded funds.
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