Kategorie: Crypto Business

Key takeaways

• The Memeinator presale launched a few days ago, and the team has raised more than $500k so far.

• The token’s price will increase to $0.0118 in the next presale round.

Memeinator’s presale is now finally live and has attracted interest from investors. The project has already raised considerable amounts over the last few days despite the bearish trend in the market since the start of the week. 

What is Memeinator?

Memeinator is an exciting Web3 project that is attracting interest from investors. It is a project that is leveraging the meme coin wave and seeks to provide users with a wide range of utilities. 

As a crypto project, Memeinator is on a mission to destroy worthless memes and become one of the leading meme tokens in the the world.

The crypto space is filled with thousands of worthless meme projects with no use case besides speculation. Memeinator is setting itself aside from this group by offering users numerous utilities.

Memeinator will use AI technology to identify worthless memes, allowing investors to know them and steer clear of them. The team intend to push Memeinator to a market cap of $1 billion or more in the medium to long term. They have already published a detailed roadmap that shows how they intend to achieve their objectives. 

The Memeinator presale began a few days ago and is already in its third stage. The native token was sold for $0.01 in the first presale stage and is now going for $0.0112. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing. 

The team will also launch a Memeinator game at the presale’s conclusion, following the same theme. Players will get to eliminate enemy memes in a good old-fashioned shoot-em-up. 

Memeinator’s presale tops $500k in less than a week

The Memeinator presale went live less than a week ago, and the team has raised more than $500k. This is an impressive feat after they raised over $200k within the first few hours of the presale launch. 

So far, Memeinator has raised $530k of the required $693k in the third stage. Investors can purchase the Memeinator token (MMTR) using ETH, USDT and USDC stablecoins. 

MMTR is currently available to investors on the Ethereum and BNBChain networks. To purchase the token, investors will simply connect any of the supported wallets to the Memeinator website and purchase the tokens using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale garnering interest from investors?

Memeinator is already garnering interest from investors thanks to its unique value proposition amongst meme tokens. MMTR is the native token of the ecosystem and will power several activities on the platform. 

The project is targeting a wide range of audiences, from degens to crypto natives and speculators. Memeinator will leverage AI to analyse and evaluate memes across the internet, identifying lower-quality memes to replace or destroy them. 

The use of AI will allow Memeinator to only target quality, making it possible for users to enjoy the most imaginative and impactful content. 

Furthermore, the project’s tokenomics are calculated to provide value for the holders and participants. Its native token comes with some exciting features, including deflationary mechanisms and rewards for holders. The team has already revealed that 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

Is the Memeinator a good investment opportunity? 

The decision to invest in a crypto project is solely left to the investor. However, with millions of crypto projects currently available, it is tough to make a decision. 

Memeinator could turn out to be one of the leading meme coins in the world, thanks to its real-world use case. As a meme coin that is leveraging AI, Memeinator could provide excellent value to investors in the medium and long term.

Memeinator wants to become a billion-dollar project, and early investors could be winners in the medium to long term. The meme coin sector is experiencing exponential growth and recently touched an all-time high of $36 billion, a massive rise from the $0 the market was worth in early 2019. 

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Key takeaways

• Grayscale has filed to convert its Ethereum Trust to a spot ETH exchange-traded fund (ETF).

• Shiba Memu’s presale has now officially surpassed the $3.5 million mark.

The cryptocurrency market has underperformed over the last few hours, but that hasn’t halted investors’ interest in several crypto projects. Shiba Memu’s presale has now officially surpassed the $3.5 million mark, and the team is close to reaching its target for this round. 

Grayscale takes another bold step in the market

Grayscale Investments announced a few hours ago that it has partnered with  NYSE Arca to file for approval from the U.S. Securities and Exchange Commission (SEC) to convert the Grayscale Ethereum Trust (ETHE) to a spot ethereum ETF.

At the moment, the company’s Ethereum Trust is the largest Ether investment product in the world, with nearly $5 billion in assets under management. Grayscale made a similar move with its Bitcoin Trust product and is now awaiting the SEC’s approval to convert it to a spot Bitcoin ETF.

What is Shiba Memu?

Shiba Memu is a meme token project that continues to generate interest despite the current market conditions. The presale has crossed the $3.5 million mark after adding more than $500k over the last two weeks. 

It is a meme token project that will develop a platform to leverage the powers of AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse.

The team explained that Shiba Memu would handle the work of numerous marketing agencies. The AI on the platform means that Shiba Memu will be working 24/7 to generate exciting content to help companies and individuals market their products and services. 

Shiba Memu is launching as a meme project as it seeks to ride the recent popularity of meme coins. Over the last three years, the market cap of meme coins grew from practically $0 to reach the $20 billion mark in 2022. 

However, Shiba Memu doesn’t seek to be like other meme coins in the sense that it has a real-world use case. Shiba Memu has utility and will solve real-world problems for companies and individuals. 

According to the team’s whitepaper, Shiba Memu will come with self-sufficient marketing features powered by AI. The platform will develop its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks.

For a start, Shiba Memu will operate on two major blockchains, Ethereum and BNB Chain

Shiba Memu’s presale tops $3.5 million

The Shiba Memu presale has now officially crossed the $3.5 million mark as investors continue to show interest in the project. The project has raised over $500k in two weeks, indicating a strong value proposition amongst investors. 

The team has always maintained that the money raised in the various presale rounds would be directed towards the development of some Shiba Memu products. The Shiba Memu AI technology would be the primary recipient of the funds generated from the presale events as it is the platform’s primary product. 

Click here to find out more about Shiba Memu’s presale event. 

Should you invest in Shiba Memu before this presale stage ends?

The crypto market has been ranging in recent weeks, but that hasn’t resulted in a decline in Shiba Memu’s interest. The project’s presale continues to generate interest from investors thanks to its value proposition. 

As investors prepare for the next Bitcoin halving in 2024, they are on the lookout for some exciting projects. Shiba Memu could be one of the projects to benefit from the next bullish cycle. 

Market analysts are now expecting Bitcoin and other cryptocurrencies to rally over the next few months. SHMU could be a big winner thanks to its value proposition to investors and users. The tone could rally higher once the project launches and the token gets listed on crypto exchanges. 

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• Polygon Labs has announced that Google Cloud is now a validator on Polygon PoS network.
• The new validator will bring “same infrastructure” powering YouTube and Gmail.
• Google Cloud joins recent addition Deutsche Telekom.

Polygon Labs has announced that Google Cloud is now officially a validator on the Polygon PoS network. The company revealed the development in a post on X on September 29.

Google Cloud joins Polygon’s validators

According to Polygon Labs, Google’s cloud computing platform has joined over 100 validators on the leading Ethereum layer 2 network.

“High-quality, trusted, security-minded validators like Google Cloud provide an added layer of security for Heimdall, Bor, and Polygon PoS users,” the Polygon developer team noted.

In the proof-of-stake blockchain world, validators are key as they operate the nodes that help secure the network via a process called staking. The native token MATIC is used in this crucial network operation. Google Cloud will help secure Polygon in this manner, which Polygon Labs says will see “the same infrastructure used to power YouTube and Gmail” now help in securing the Ethereum L2 protocol.

Today’s news follows Google Cloud’s recent announcement of its support for eleven more blockchains for its BigQuery public datasets. One of the networks added was Polygon PoS.

In June, Germany’s telecommunications giant Deutsche Telekom joined Polygon’s validator group.

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• Coinbase International Exchange has received regulatory approval.
• The approval underscores the company’s commitment to global expansion.
• Coinbase’s CEO continues to advocate for regulatory clarity.

Coinbase, a leading cryptocurrency platform, has achieved a significant milestone by gaining regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures trading services to retail customers outside the United States.

This development marks a strategic move to expand Coinbase’s global presence in the cryptocurrency market.

Global futures market dominance

The global futures market plays a pivotal role in the cryptocurrency ecosystem, accounting for nearly 80% of the total crypto market. It facilitates leveraged transactions and derivatives trading, which often contribute to market volatility.

With this approval, Coinbase International Exchange aims to tap into the immense trading activity in the crypto derivatives space.

Crypto derivatives transactions reached an impressive $1.85 trillion worldwide in July, as reported by research firm CCData. This data underscores the growing demand for futures and derivatives trading, making it a crucial component of the crypto industry.

Coinbase CEO advocates for regulatory clarity

Coinbase’s move to expand its services outside the United States comes amidst increasing regulatory scrutiny and uncertainty within the cryptocurrency industry. Coinbase CEO Brian Armstrong has been vocal about the need for clear and consistent regulatory frameworks in the United States.

Armstrong expressed frustration with US regulators and hinted at the possibility of relocating the company if regulatory conditions do not improve. He cited the lack of transparent rules as a hindrance to the industry’s growth and stability. Clear regulations, he believes, are vital for both the industry’s success and investor confidence.

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TL;DR

• Crypto.com has entered into a strategic partnership with PayPal and Paxos.

• The partnership will see Crypto.com become the primary cryptocurrency exchange of PayPal’s PYUSD stablecoin.

Crypto.com partners with Paxos and PayPal

Cryptocurrency exchange Cypto.com announced in a press release on Thursday, September 28th, that it has partnered with PayPal and Paxos. The primary goal of the partnership is to make Crypto.com the preferred PayPal USD (PYUSD) exchange.

Crypto.com has already listed the PYUSD stablecoin on its platform, and it is available to both retail and institutional investors. The cryptocurrency exchange also has the deepest liquidity for PYUSD trading pairs globally.

While commenting on this latest cryptocurrency news, Joe Anzures, SVP and GM, Americas and Global Head of Payment Partnerships, Crypto.com, said,

“PayPal has been a true pioneer in the digital commerce evolution, and Paxos is a market-leading issuer of stablecoins. We are tremendously excited to team up with them to collectively advance the crypto frontier. Connecting our more than 80 million users to the latest crypto innovations, as well as supporting PayPal’s global network of consumers and merchants, will be pivotal in our continued pursuit of crypto to every wallet.”

Crypto.com and PayPal expand their partnership

This latest development comes a few weeks after PayPal announced the launch of its PYUSD stablecoin. PYUSD is an Ethereum-based stablecoin, is pegged to the US Dollar and is currently available to PayPal users in the United States.

Crypto.com added that this partnership deepens its relationship with PayPal. The two entities’ previous partnerships allowed customers to use PayPal to top up the Crypto.com Visa Card. 

PayPal has been expanding its presence in the cryptocurrency market. Earlier this month, the payment giant launched a crypto-for-USD conversion service, making it easier for its users to convert their cryptocurrencies to USD and vice versa. 

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