Kategorie: Crypto Markets

• Chainlink price rose more than 20% in 24 hours, reaching $16.62 at the time of writing on Friday.
• LINK surged as the Depository Trust and Clearing Corporation (DTCC) announced it completed its Smart NAV pilot.
• Bitbot, Telegram’s pioneering non-custodial crypto trading bot, continues to surge in presale.

Chainlink and the Depository Trust and Clearing Corporation (DTCC) have announced a successful pilot for the fund tokenization market. The news saw Chainlink’s native token LINK soar more than 20% in 24 hours to lead the top altcoins.

Meanwhile, the Bitbot presale is creating waves as the ICO nears its penultimate stage.

Chainlink, DTCC complete Smart NAV pilot

The Depository Trust and Clearing Corporation (DTCC) announced on Thursday that it had successfully completed a pilot program dubbed “Smart NAV”. 

Smart NAV is an initiative that aims at a standardized method of delivering funds’ Net Asset Value (NAV) onchain.

For this goal, the pilot project tapped into DTCC’s digital asset capabilities and Chainlink’s cross-chain interoperability protocol (CCIP) to bring trusted data on-chain.

This particular pilot involved ten major financial institutions, including BNY Mellon, American Century Investments, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust and State Street.

Chainlink price surges 20%

Chainlink price reacted higher following the news, surging by more than 20% to hit highs of $16.62. The 24-hour trading volume rose 251% to above $1.2 billion.

This positive reaction to the news comes amid a growing institutional presence in the tokenization industry, with most of the projects leveraging Chainlink’s CCIP.

So far, the real-world assets (RWA) train has included a major program by the world’s leading asset manager BlackRock.

Bitbot’s AI-powered bot set for Telegram launch

Bitbot is poised to be the biggest crypto trading bot to hit the Telegram apps market this year.

The new project, which pioneers the world’s first non-custodial, AI-powered trading bot, is currently in presale. Early investors have raised more than $3.4 million as the token sale accelerates in stage 13.

The new trading solution’s launch, which will follow the conclusion of the 15-stage ICO sale, will see Bitbot make its debut in a market that has quickly grown.

Data shows bots have surpassed the $22 billion DEX volume mark and has over 1.6 million users.

The growth is remarkable and Bitbot could lead the new wave of adoption due to its industry-defining offering.

What does Bitbot offer?

With interest in trading bots rising amid a bullish outlook for cryptocurrencies, Bitbot’s launch of the non-custodial trading solution promises to be a game-changer.

Bitbot users will have full control of their assets, leveraging the robust security of MPC wallet technology by Knightsafe.

Also critical is that Bitbot levels the playing field for retail traders. In this case, the bot gives access to all the institutional-grade trading tools, including AI automation, copy trading, Gemscanner and trade sniping.

Bitbot also offers a unique revenue sharing mechanism that allows holders of BITBOT to earn from a daily share of platform revenue.

BITBOT token is currently priced at $0.018, potentially a massive return on investment entry point.

Learn more or join the Bitbot presale here.

The post Chainlink soars after DTCC completes major pilot; Bitbot readies for market entry appeared first on CoinJournal.

• Notcon (NOT) token’s price fell sharply after its debut on exchanges.
• KangaMoon (KANG) is offering a bonus presale stage ahead of first CEX listing.

Analysts say the lackluster spot Bitcoin ETFs market means Bitcoin prices could see limited upside action in coming weeks and months.

What does this mean for newly-launched Notcoin and could KangaMoon offer a better investment opportunity?

Notcoin dumps after airdrop

Notcoin (NOT) is the native token of a tap-to-earn game project that aims to onboard millions of users to Web3.

The project went viral amid its debut on Telegram, and saw massive hype ahead of its trading debut this week. Much of this was down to listing announcements from top crypto exchanges Binance, OKX and Bybit among others.

Indeed, Notcoin traded at a Fully Diluted Valuation (FDV) of $1 billion as the token made its debut across exchanges. However, NOT price has tanked 67% since and currently trades around $0.006753.

Binance’s cancelling of support for the NOT/BTC pair also added to the downside pressure. 

Notcoin is however likely to record a decent bounce if the broader gaming ecosystem picks up new traction following a dismal 2024. Bitcoin‘s performance could also add to the dynamics.

KangaMoon emerging as top meme-inspired cryptocurrency

The meme coin space has seen some big moves for Solana, BNB Chain and Ethereum meme tokens.

While a few meme coins exhibit massive growth potential, most others are largely weak copycats that derive momentum from nothing but hype.

Utility sets KangaMoon apart from most of these other meme coins.

As a project, KangaMoon integrates GameFi and Play-To-Earn (P2E). There’s also a SocialFi element that means users can earn more as they interact, share and connect.

The native in-game currency and network reward token when the P2E game launches will be KANG. Presale participants can earn KANG right away by joining in challenges and contests – a factor that already sees KangaMoon boast a growing community of users.

Is KangaMoon a better opportunity?

KangaMoon (KANG) is one of the tokens expected to dominate the meme coin market. The project’s presale has so far raised more than $6.7 million.

KangaMoon’s smart contract has been audited by both Solid Proof and InterFi, a fact that adds to the confidence crypto enthusiasts and investors are showing in this project.

After rallying through the presale stages, KangaMoon is now offering those who might have missed out another chance with a bonus sale round. The current KANG price in this phase is $0.025.

As the limited bonus round quickly sells out, this might be a great time to join the community.

KangaMoon’s rigorous audits and team transparency are also positive factors, as is news that KANG is poised for its CEX listing debut on BitMart.

Compared to other meme coins, KangaMoon’s community-driven P2E game focus and utility stand out. The project’s total supply of 1 billion KANG also means it has the potential to explode higher amid market demand.

Investors however need to take into account other market dynamics and conditions.

You can learn more about KangaMoon here.

The post Notcoin in focus as KangaMoon excites with bonus sale appeared first on CoinJournal.

• Bonk price rose sharply after South Korea exchange Bithumb announced listing of BONK in the KRW market.
• The Solana meme coin reached a two-week high as Bitcoin led the crypto market bounce.

Bonk (BONK), the first dog-themed meme coin on Solana, has picked up significant upside in the past 24 hours.

According to market data from CoinGecko, BONK price is up 9% and trading at $0.00002623 – the meme coin’s highest level in two weeks.

Why did the BONK price spike today?

Bonk’s performance in the past 24 hours aligns with an upward flip in crypto prices.

These came as markets reacted to the latest US inflation data that showed softer-than-expected CPI readings. As stocks jumped to weekly highs, Bitcoin surged past $66k to see analysts predict a potential bullish run to $74k.

The positive sentiment buoyed most altcoins, with Ethereum breaking above $3,000 and Solana surging above $160.

BONK price mirrored other meme coins, which saw slight gains as mega caps spiked.

On Thursday, Bonk extended gains amid news that Bithumb, the second-largest cryptocurrency exchange in South Korea, had announced BONK listing. 

The platform will open trading for BONK in the Korean won (KRW) on May 16 at 17: 00 pm. Bithumb will also list Zeta Chain (ZETA).

With South Korea one of the top crypto markets, Bonk’s listing on Bithumb looks set to enhance not just visibility but also liquidity for the meme coin. Trading volume was up 30% in early trading Thursday.

BONK price could break higher and retest levels seen in March and April. Bullish momentum is also likely to strengthen if the broader market continues higher.

The post Why is Solana meme coin Bonk (BONK) surging? appeared first on CoinJournal.

• Bitcoin surges past $66k after US CPI data triggers buyside pressure
• Here’s why QCP Capital analysts say BTC could run to $74k

Bitcoin price surged past the $66,000 mark on Thursday to hit highs last seen in April amid a fresh dose of bullish sentiment.

BTC price reached $66,699 on US-based crypto exchange Coinbase, extending gains seen when markets soared on softer-than-expected US inflation data released on Wednesday.

Bitcoin price outlook: QCP Capital says bulls can reclaim the ATH

According to analysts at QCP Capital, the bullish momentum currently surrounding Bitcoin could see prices run to highs of $74,000.

The market reaction to the US Consumer Prices Index (CPI) data release, as well as the broader traction for spot Bitcoin ETFs, are potential catalysts.

“US CPI numbers triggered a break out of the range across risk assets. BTC has since traded back above 66k. ⁠We expect bullish momentum here that could take us back to the highs of 74k. The desk saw sizable buyers of 100-120k BTC Calls for Dec 2024 on this move higher in spot,” the Singapore-based platform said in a note on Thursday.

The analysts also pointed to the increased institutional demand for the flagship cryptocurrency. The last few days have seen large asset managers file their 13Fs, disclosing huge positions in spot Bitcoin ETFs.

For instance, Susquehanna, Morgan Stanley and the State of Wisconsin Investment Board have disclosed huge holdings of BTC ETFs. Asset managers Millennium and Schonfeld have invested roughly 3% and 2% of their assets under management (AUM) respectively into spot Bitcoin ETFs.

“The stars seem to be aligning on this breakout with significant sovereign and institutional adoption, abating inflation and upcoming US elections. Is this the resumption of the bull market?” the QCP traders pondered.

At the time of writing, the benchmark cryptocurrency was up more than 5% in 24 hours, with trading volume at over $37.8 billion and showcasing a 24-hour increase of 93%.

BTC price reached its all-time high of $73,737 on March 14.

The post Bitcoin price: Here’s why QCP Capital expects BTC run to $74k appeared first on CoinJournal.

• Mastercard expands Start Path program, adds 5 blockchain startups.
• The Start Path program showcases Mastercard’s leadership in fintech innovation
• Selected startups shall receive bespoke training and collaboration opportunities.

Mastercard, the global fintech giant, has announced the addition of five new startups to its Start Path Blockchain and Digital Assets program that aims to explore future use cases and scale new solutions by collaborating with startups worldwide.

The move underscores Mastercard’s commitment to fostering innovation in blockchain and digital payments.

Diverse cohort joins Mastercard’s accelerator program

The latest cohort joining Mastercard’s Start Path program represents a diverse range of innovative companies in the blockchain and digital assets space.

Among the newcomers are Kulipa, a crypto payment and card issuer; Parafin, a blockchain software firm; peaq, a decentralized physical infrastructure network (DePin) provider; Triangle, a data platform; and Venly, a blockchain developer.

These startups were carefully selected based on their high potential to drive innovation in blockchain, digital assets, and Web3 technologies.

Mastercard continues to lead in Fintech and blockchain payments

Mastercard’s Start Path program offers selected startups a unique opportunity for collaboration, bespoke training, and access to Mastercard’s extensive network of customers and channels.

Over the course of a four-month program, participants will work closely with Mastercard experts to refine their solutions and explore differentiated use cases aimed at addressing real-world problems in the fintech and payments landscape.

Mastercard’s foray into blockchain and digital assets is part of its broader strategy to stay at the forefront of innovation in the fintech industry.

Through initiatives like the Start Path program, Mastercard has supported over 400 startups in 54 countries since its launch in 2014. By collaborating with industry experts and fintechs, Mastercard aims to drive the adoption of blockchain and digital payment solutions globally.

Recent partnerships and initiatives underscore Mastercard’s commitment to innovation in the fintech space.

The collaboration with Israeli fintech firm Kima to develop a “DeFi credit card” highlights Mastercard’s interest in marrying decentralized finance protocols with traditional banking services.

Additionally, the alliance formed with leading U.S. banking giants to test distributed ledger technology for banking settlements demonstrates Mastercard’s dedication to exploring new technologies to enhance financial infrastructure.

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