Veröffentlicht am

Grayscale files for a Solana ETF: What does this mean for iDEGEN?

Key takeaways

  • On Tuesday, NYSE Arca filed a form on behalf of Grayscale Investments for a spot Solana ETF.
  • iDEGEN’s pre-market auction has surpassed the $2 million mark/

Grayscale files for a spot Solana ETF

NYSE Arca, the New York Stock Exchange’s exchange-traded product platform, filed a form for a spot Solana ETF on behalf of Grayscale Investments. The exchange filed a 19b-4 form on Tuesday for the Grayscale Solana Trust. This indicates that the firm wants the SEC to approve a rule change. 

Several companies, including 21Shares, VanEck, Bitwise Asset Management, and Canary Capital, have filed with the SEC to list Solana ETFs.

What is iDEGEN?

The launch of spot Solana ETFs will benefit projects in the Solana ecosystem. One promising project on the blockchain is iDEGEN. This project focuses on the bulging AI and memecoin ecosystems. 

iDEGEN is a sentient degenerate AI memelord. According to the development team, iDEGEN learns, evolves, and adapts based on what the community feeds it on X. Basically, the tool is powered by AI, raised by degens.

It will launch as a memecoin thanks to the fast-growing nature of projects in this space. Meme coins have a combined market cap of over $45 billion and are expected to grow larger in the coming months and years. 

iDEGEN as a tool evolves via interactions on X. According to the development team, users feed the tool their data through tweets, tags, and comments. iDEGEN absorbs that post and adds it to its knowledge base; that’s how it learns.

Furthermore, iDEGEN posts on X every 60 minutes and can generate and post memes. The team pointed out that everything iDEGEN posts is driven by its AI and what it learns from its community, with no human intervention.

iDEGEN’s pre-market auction hits $2m

iDEGEN is currently undertaking a presale for its native token, $IDGN, to raise funds to finance its products and services. According to its official website, iDEGEN has raised over $2 million roughly a week after commencing the pre-market auction. 

According to the team, the pre-market auction leverages an unconventional method to attract more investors. iDEGEN’s presale price adjusts every five minutes based on market activity. If an investor purchases $IDGN tokens within five minutes, the price remains steady for the next period. However, if purchases occur consecutively, $IDGN’s price rises by 5%. Finally, if no one buys the tokens within five minutes, the price drops by 5%.

The pre-market auction will last until January 1, 2025, before the token lists on cryptocurrency exchanges.

Should you invest in the iDEGEN project?

iDEGEN is an interesting project that combines AI and meme coins. It could become one of the leading meme coin projects on the Solana blockchain.

According to the team,$IDGN has a live pre-market listing price on its website, allowing investors to accurately track the token’s progress ahead of its launch on trading platforms. 

Investing in iDEGEN during its presale could be an excellent opportunity for investors to buy the tokens at a discount before they list on major cryptocurrency exchanges.

The post Grayscale files for a Solana ETF: What does this mean for iDEGEN? appeared first on CoinJournal.

Veröffentlicht am

Crypto price predictions: HBAR, iDEGEN, Bitcoin


Bitcoin Price Holds Steady Amid a Probable US Selloff 

BTC/USD has been trading steadily above $90,000 for two weeks now; missing the all-important mark of $100,000 by less than 5 dollars on 22nd November. Even with the range-bound trading, the bullish trend persists. In fact, according to CoinMarketCap, greed continues to define the crypto market space. This week, the index is at an extreme greed level of 80 compared to last month’s neutral of 55. 

Even with the bullish trend, investors appear to be somewhat cautious. Bitcoin price has dropped by over 2% since the start of the weekend. 

As highlighted on sosovalue, BTC ETFs had daily net inflows of $353 million as of 2nd December. Of this number, BlackRock contributed $338 million with Grayscale and VanEck recording outflows of $28 million and $10 million respectively. 

The caution has further been heightened by the US government’s move to transfer Bitcoin worth $1.92 billion to a new address. While the intention is unclear, there are speculations over a possible selloff. In the recent past, countries like Bhutan and Germany have made huge selloffs of their BTC holdings. 

iDEGEN: The Viral AI Experiment Garners Over 100,000% in Gains Ahead of its Launch

In recent years, cat and dog-themed meme coins have redefined the crypto space. While they are still a crucial part of the market, there is a new widely-hyped entrant; AI meme coins. 

At the center of this buzz is iDEGEN, an advanced AI agent born on X and shaped by the cryptocurrency community. So intense is its hype that its auction has already raised over $1 million and yielded gains of over 100800% to the early adopters. Interestingly, it is still at the experiment stage.

As opposed to the usual presale, iDEGEN has chosen a different path; a dynamic auction. To start with, the total IDGN tokens are 11,111,111,111 with the auction being divided into 5-minute intervals.This means that every time there are consecutive buys within a span of 5 minutes, its price rises by 5%. If no bid is placed within two 5-minute periods, the price drops by 5%. 

At the end of the auction, IDGN launching price will be 10% higher than the final price at the auction. At that point, all unsold tokens will be destroyed.  

In addition to this pricing-based excitement, its freeness has further contributed to iDEGEN going viral. Unlike centralized companies like OpenAI, iDEGEN has no guard rails. In fact, the only applicable rule for this AI agent is that it has to post on Crypto Twitter(CT) after every 60 minutes. Between one post and the next, it internalizes the information availed to it by the crypto degens.

This is exactly what the savvy investors are banking on; securing some IDGN tokens before its value skyrockets. Different groups within the CT space will strive to control this AI agent. This push and pull is bound to intestify its virality with the investors being the ultimate beneficiaries. 

Besides, the program’s unconstrained nature means that it can evolve in different ways. This includes trading the existing assets or even creating its own. With this infinite potential, the market’s focus is set to remain on iDEGEN for a long time. You can buy the iDEGEN token here.

HBAR’s Surges to a 35-Month High Amid Heightened FOMO

Hedera Hashgraph

Hedera Hashgraph (HBAR) has been trading in the green for five consecutive weeks, hitting a level last recorded in January 2022 on 3rd December. Over the span of those five weeks, the crypto has been up by more than 700%. 

As at the time of writing, its market cap stood at $12.49 billion, up by 17%. Besides, its trading volumes were up by 61% over the past 24 hours at $7.55 billion.

The hype around this token has more traders fearing to miss out on a profitable opportunity. As a result, an increasing number of investors are accumulating the HBAR tokens. In fact, 

 

The post Crypto price predictions: HBAR, iDEGEN, Bitcoin appeared first on CoinJournal.

Veröffentlicht am

Sir Richard Branson’s Virgin Voyages becomes first cruise line to accept Bitcoin payments

  • Virgin Voyages becomes the first cruise line to accept Bitcoin for bookings.
  • Passengers can use Bitcoin to book for cruises including the upcoming Virgin Voyages’ Annual Pass.
  • Virgin Voyages targets younger travellers with crypto adoption in a competitive market.

Virgin Voyages, the innovative cruise line founded by Sir Richard Branson, has announced that it now accepts Bitcoin (BTC) as a payment option for bookings.

This move makes Virgin Voyages the first cruise line to adopt crypto payments amid a growing trend in the travel and hospitality industries to embrace digital currencies.

Annual Pass cruise passengers can book using Bitcoin

According to Virgin Voyages’ announcement, passengers can now use BTC to pay for cruises across its fleet, including its highly anticipated “Annual Pass.” Virgin Voyages’ Annual Pass, which provides a variety of exclusive benefits to frequent travellers, is also the first cruise product to accept cryptocurrency payments.

This bold step highlights Virgin Voyages’ commitment to appealing to younger, tech-savvy travellers and digital asset enthusiasts, who are increasingly integrating cryptocurrency into their everyday transactions.

Notably, Virgin Voyages’ decision to accept Bitcoin comes at a time when other sectors of the travel industry are exploring cryptocurrency options.

Of late, airlines and hotels have started accepting crypto payments to capitalize on the growing interest in digital currencies. Platforms like Travala, a crypto-native travel service, have already partnered with major travel websites like Skyscanner to allow users to book over 2.2 million hotels using cryptocurrency.

Virgin Voyages’ ambition to become a unique cruise line

The move is part of a larger strategy by Virgin Voyages to differentiate itself in a competitive industry.

Founded in 2014 as a joint venture between the Virgin Group and Bain Capital, Virgin Voyages has consistently aimed to offer a modern, youthful alternative to traditional cruising. The company’s fleet, which includes the Scarlet Lady, Resilient Lady, and Valiant Lady, offers itineraries designed for a younger demographic, with shorter Caribbean cruises and exclusive experiences.

Virgin Voyages’ embrace of cryptocurrency is likely to further set the cruise line apart as it continues to push the envelope in customer service and innovation.

As digital currencies become more mainstream, Virgin Voyages’ decision to accept Bitcoin may inspire other cruise lines to follow suit in the near future.

The post Sir Richard Branson’s Virgin Voyages becomes first cruise line to accept Bitcoin payments appeared first on CoinJournal.

Veröffentlicht am

Donald Trump selects pro-crypto Paul Atkins to be the next US SEC chair

  • Trump picks Paul Atkins, a pro-crypto libertarian, for the SEC chair role.
  • Atkins is expected to provide clearer crypto regulations.
  • Senate confirmation is needed, although Trump could pursue a recess appointment.

President-elect Donald Trump has selected Paul Atkins, a staunch advocate for the crypto industry, to serve as the next chair of the US Securities and Exchange Commission (SEC) once Gary Gensler steps down in January 2025.

This move marks a significant step in fulfilling Trump’s campaign promises to reshape the regulatory landscape for digital finance and bring clarity to cryptocurrency rules.

Atkins’s pro-crypto stance

Atkins, who served as an SEC commissioner under President George W. Bush, is well-known for his libertarian views and has earned respect within conservative legal circles.

Since leaving the SEC, Atkins has been an outspoken supporter of the crypto industry, particularly in his role as co-chair of the Token Alliance at the Digital Chamber of Commerce. In addition, Atkins has advised digital finance companies on regulatory compliance as the founder of Potomak Global Partners, a consultancy he established in 2009.

The crypto market expects a turnaround under Trump’s leadership

The selection of Atkins comes as Trump aims to provide clearer guidelines for the cryptocurrency market, which has long been frustrated by SEC chair Gary Gensler’s approach.

Under Gensler’s leadership, the SEC was criticized for pursuing enforcement actions against crypto companies without establishing clear regulatory frameworks. This led to widespread discontent within the crypto industry, with many calling for a more transparent and collaborative approach.

Gensler has, however, announced his resignation, effective January 20, when Trump is set to take office, creating room for fresh leadership at the SEC.

During his campaign rallies, Trump promised to make the US a “world capital” for crypto and has committed to replacing Gensler to help establish clearer rules for the industry. He also proposed the creation of an advisory council to focus on crypto policy and suggested a national Bitcoin strategic reserve.

The selection of Atkins signals a strong push towards crypto-friendly regulations, a move that is likely to be welcomed by the industry, especially after years of uncertainty.

Although there are reports that Atkins is reportedly reluctant to accept the role, attention now shifts to The Senate, which will be responsible for confirming or declining Atkins’ appointment, though Trump could choose to make a recess appointment if necessary.

The post Donald Trump selects pro-crypto Paul Atkins to be the next US SEC chair appeared first on CoinJournal.