Kategorie: Crypto Markets

• The first-ever Porsche (Cayman S) was sold for 300 BTC back in 2013.
• At press time, Porsche 911 NFT floor price was 2.59 ETH.
• Initially, a total of 7,500 Porsche 911 NFTs were to be minted before the motor company abruptly halted the minting process.

Day after Porsche halted the Porsche 911 NFT minting, the floor price shot up to an all-time high of 2.9 ETH before pulling back to 2.59 ETH, up 52% at press time.

The trading volume of the Porsche NFTs has also gone up by 214% to 1.96K ETH according to data obtained from NFTGO.

Porsche 911 NFTs

Porsche ventured into the NFT space in 2021 by launching an NFT marketplace named Fanzone. The car-making behemoth later announce issuing a series of NFTs planning to have a total of 7,500 NFTs being minted.

However, the NFTs were poorly received by fans forcing the company to halt the mint with only 2,363 NFTs having been minted. And after that, the floor price of the Porsche 911 NFTs shot up by more than four times.

There is no main reason behind the sudden price pump beside the usual demand and supply metrics.

Going by the increased trading volume shows that more people have become interested in NFTs, something that has undoubtedly caused their prices to shoot up as demand increases. At the same time, the supply remains stagnant after the minting halt.

Although it is not clear how far the Porsche 911 NFTs floor price will climb, there are expectations that the price could quickly get above 3 ETH by the end of the week.

The post Porsche NFT price suddenly soars days after mint halt: here’s why appeared first on CoinJournal.

• The 115-page document was filed by FTX lawyers in the US Bankruptcy Court for the District of Delaware.
• The list of creditors shows all those owed money by the collapse FTX crypto exchange.
• The document however redacts the names of individual customers whose money is stuck in FTX.

A 115-page document (creditor matrix) filed on late January 25 by the lawyers of the collapse FTX crypto exchange has revealed the list of big tech companies, crypto firms, airlines, media outlets, hotels, banks, charities, government entities, venture capital firms, and local businesses near FTX Bahamas headquarters whose money is stuck in FTX.

The document has shocked many since the majority thought that FTX only worked with crypto-based firms and no government entity was involved.

Creditors listed in the document

The document only listed entities but redacted the names of the nearly 9.7 million individual customers whose funds are stuck in the collapsed exchange.

Prominent crypto and web3 companies including entities of Binance, Circle, Galaxy Digital, Bittrex, Coinbase, Yuga Labs, Sky Mavis, Messari, and Chainalysis have been listed in the document

Big tech companies including Meta, Apple, Amazon, Netflix, Google, Microsoft, Twitter, and LinkedIn have been captured in the document and media outlets including New York Times, CoinDesk, and The Wall Street Journal have also been mentioned.

Shockingly according to the document, FTX also owes money to tax offices of several US state agencies and the federal Internal Revenue Service (IRS) in addition to government entities in Australia, Hong Kong, and Japan.

In addition to large companies, FTX also owes funds to a Nassau-based pest control business and a garden centre, FTX’s prior public relations company M Group.

It is however important to note that the entities appearing on the list did not necessarily have a trading account with FTX.

The post 115-page doc shows big tech firms, airlines and government entities owed by FTX appeared first on CoinJournal.

• Aptos price rose 44% to hit an all-time high of $18.50 on OKX.
• The Layer 1 blockchain launched in October last year, and its native token has soared more than 400% in the past 30-days.
• Analysts suggest APT price could pare some of the gains as suggested by negative funding rates.

The Aptos (APT) token has hit a new all-time high amid fresh buying pressure for the layer 1 blockchain platform’s native token.

Aptos shines amid crypto market rally

Aptos, whose mainnet launch was in October last year, is a cryptocurrency platform developed by two ex-Meta Platforms staff. The smart contracts-enabled blockchain had somewhat a rough start, with controversy surrounding its token distribution. 

However, its native token has enjoyed one of the best runs in recent weeks, outperforming the leading cryptocurrencies by market cap amid a broader rally across the digital assets market.

On Wednesday, the price of Aptos rose more than 44% to push the token to above $18.00 across major exchanges. Indeed, the token hit an all-time high of $18.50 on OKX. 

Aptos’ total market cap has jumped to over $2.7 billion and APT currently ranks as the 28th largest cryptocurrency project.

What next for Aptos token price?

Can APT price continue its vertical movement? It is likely the coin could still test new highs as the optimism around Bitcoin and some of the top altcoins drive market speculation. However, on-chain data suggests there is a chance the price begins to fall sharply amid profit booking.

One suggestion that bulls may give up some of the gains is the negative funding rates. Pseudonymous crypto trader HornHairs pointed this out earlier Wednesday.

$APT funding through the roof on the negative side

shorts paying an arm & a limb to bet against the top gainer

imagine being at a horse race and you could bet on any of the horses to lose and you choose the fastest one to bet against and you have to pay extra fees to do so pic.twitter.com/9LeZtZhFkK

— HornHairs 🌊 (@CryptoHornHairs) January 25, 2023

Another crypto trader Altcoin Sherpa thinks APT may provide a great short opportunity later, suggesting that shorting the coin at current levels might not be the safer bet. Instead, he points to a scenario where there is a lower high in play.

The post Aptos (APT) hits new all-time high above $18 after 400% rally appeared first on CoinJournal.

• MarketAcross will help market the upcoming European Blockchain Convention worldwide.
• EBC 2023 is set for 15-17 February in Barcelona and will bring together industry heavyweights, including from Aave and Bittrex.
• MarketAcross is a leading blockchain PR and marketing firm, also tapped as the official media partner for the upcoming Paris Blockchain Week conference in March.

MarketAcross, a leading Tel Aviv-based blockchain and fintech marketing firm, will be the main Web3 media partner at this year’s European Blockchain Convention (EBC) convention. The event organisers confirmed the collaboration today.

The Web3 event, set for 15-17 February at the Hyatt Regency in Barcelona, is expected to welcome over 2,500 participants. The annual event launched in 2018 and will be held in-person this year.

Notably, MarketAcross previously acted as official media partner of the Korea Blockchain Week last June, and as web3 media partner during the Future of Crypto conference held on 7 December 2022 in New York City. 

The media group is similarly set to be this year’s Paris Blockchain Week’s official media partner, with the event scheduled for March 2023.

Marketing Europe’s blue chip Web3 event

As a global leader in blockchain PR and marketing, MarketAcross has been tapped to spearhead all pre and post-event EBC 2023 marketing efforts. The experienced firm is expected to leverage its global reach, through prominent thought leaders and speakers to help highlight the Barcelona event to the world.

Itai Elizur, COO and Partner at MarketAcross, said the firm was hyped about the upcoming event and looked forward to making it “the best one yet.”

“We are thrilled to join EBC as the main media partner, especially this year, as the speaker list will showcase a lot of exciting personas and projects,” Elizur noted in a press releas shared with CoinJournal.

MarketAcross’s strategic partnership with the EBC comes as Europe’s most influential blockchain event bids to bring, yet again, some of the world’s top industry players together. Expected at the three-day event are Bittrex CEO Oliver Linch, Solana co-founder Stephen Akridge and Aave founder Stani Kulechov, among others.

Like in previous events, EBC 2023 will bring together a diverse audience cutting across decentralised finance (DeFi) non-fungible tokens (NFTs), blockchain gaming and Web3.

Organisers have also planned an inaugural EBC Blockchain Awards, which will recognise Europe’s top 100 early-stage startups. Ten finalists will have a chance to pitch their projects to a panel of investors.

The post MarketAcross named Web3 media partner of Europe’s premier blockchain event appeared first on CoinJournal.

• Marinade Finance will reward Solana holders who stake SOL via its liquid protocol.
• The incentive program will run for the next 12 months and see the plaform offer up to 160 million native Marinade tokens.
• The goal is to grow Solana TVL by 40 million SOL, and liquid staking is key to that.

Marinade Finance, a liquid staking platform that supports the Solana blockchain, is looking to bring more liquidity to the Solana ecosystem via a major incentive program.

The protocol noted in an announcement that the program “Open Doors” is designed to incentivise Solana builders, validators and wallets into increasing the blockchain platform’s asset liquidity. 

Accordingly, Marinade is looking to offer rewards in the form of its tokens to users who contribute to growing the total value locked (TVL) of Solana on the protocol.

Marinade Finance’s 12-month incentive program for Solana

Over the next 12 months, users have a chance to earn some of the 160 million Marinade (MNDE) tokens when they deposit SOL for mSOL, the liquid staking token they will get in exchange. The target is to get 40 million SOL staked for mSOL, – a scenario that could significantly increase the ecosystem’s liquidity and help with decentralisation.

Currently, only 2-3% of SOL is reportedly in liquid staking, which makes the plan to have more brought into the ecosystem crucial for Solana. This is because staked SOL doesn’t contribute to Solana’s DeFi TVL. However, mSOL’s liquid stake does as it flows across different protocols. 

As for decentralisation, Marinade supports hundreds of validators staking through its delegation strategy.

“For Solana DeFi to rebound stronger, more $SOL (LOTS MORE) must be made liquid. Those who contribute this through $mSOL, on their protocols, or via the referral program will be rewarded with direct Marinade ownership,” the Marinade team said.

According to data from DeFiLlama, the Solana chain has about $278 million in TVL as of 25 January 2023, down from over $10 billion in November 2021. More than 53% of the total TVL on this chain is on Marinade Finance, while Lido’s liquid staking accounts for the second-largest share.

The post Marinade Finance looks to boost liquid staking on Solana appeared first on CoinJournal.