Kategorie: Crypto Markets

• At press time, the LAELAPS token had jumped 283% in the last 24 hours to trade at $0.005519.
• The LAELAPS is categorized as a meme coin, making today’s top gainer in that category.
• The presale of Shiba Memu (SHMU), another meme coin, has hit $1.055 million.

Laelaps (LAELAPS) token is today’s top gainer among the top meme coins according to Coinmarketcap. The token has unleashed a monster bull run that has catapulted it from $0.001419 to $0.005519 in a matter of hours. Earlier today, it had hit a daily high of $0.0093 before slightly pulling back to the price at the time of writing.

LAELAPS price surge comes at a time when the meme coins industry is experiencing significant growth mainly because of the many new meme coin projects, like the Shiba Memu, being launched. Interestingly, a majority of the new meme coins have attracted quite a following which in most cases translates to ridiculous price surges in very short timeframes.  

What is Laelaps?

Laelaps is a Telegram toolkit that makes the blockchain simple to understand, gives you real-time data on market makers, and lets you purchase projects easily thanks to its integration with Maestro Bot.

Its primary goal is to improve users’ experiences on the blockchain. Laelaps provides the data to make informed decisions by gathering and streamlining data, providing information on the market’s top gainers as well as new and upcoming coins.

The Telegram toolkit bot can be added to a variety of channels and groups. The Laelaps community comprises an exclusive group of like-minded traders who want to learn and grow together.

To get Laelaps’ services, users are required to subscribe to one of the toolkit’s subscription tiers. There are three subscription tiers: Zeus, Europa, Thebes, and Villager.

To subscribe to Zeus, one will require five million LAELAPS tokens. This tier gives users access to the Zeus discussion group and the full Laelaps toolkit with Maestro integration.

The Europa tier requires 3.5 million tokens and offers users access to the Laelaps toolkit with integration for Maestro. There is however a 30 seconds delay for alerts. Thebes tier requires 2.5 million tokens and has a 60 seconds delay. The Villager tier requires 500,000 LAELAPS tokens.

Why the LAELAPS token is surging

While there is no major news about LAELAPS, Telegram added stories for premium subscribers over the weekend. The premium subscribers can now share images and video posts that they can pin permanently to their profiles or let them expire after a short period.

The newly launched Telegram’s new Stories feature is just out of its testing phase and Telegram is currently only allowing its paid Premium subscribers to use it to post Telegram Stories. Its launch comes after rival messaging apps Singal and WhatsApp launched their own stories version.

What LAELAPS’ surge means for Shiba Memu

While LAELAPS and Shiba Memu are two different blockchain projects, they are both characterized as meme coin projects. Therefore, LAELAPS’ success and its respective price surge point to a good market for upcoming meme token projects like Shiba Memu, which is currently in the development and presale phase.

The Shiba Memu presale has attracted a lot of crypto investors, partly because of the hype around meme coins and the sudden price surge associated with newly launched meme coins as witnessed with the PEPE coin and LADYS.

Interested parties can buy their Shiba Memu (SHMU) tokens here.

Is Shiba Memu a worthy investment?

Well, an investment decision is a personal affair and requires some in-depth analysis to verify the viability of the investment. In addition, cryptocurrencies are highly volatile and their investments carry a significant risk.

Nevertheless, the Shiba Memu project seeks to ride on the hype around both the meme coins and artificial intelligence which has been the talk of the town since the ChatGPT chatbot was launched. Shiba Memu combines AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse, which is an excellent proposition for investors.

The post Telegram’s Laelaps token soars by 283%: what it means for Shiba Memu appeared first on CoinJournal.

• SEC filed documents signaling the intention to appeal the recent ruling in its case against Ripple.
• Crypto Law founder John Deaton says the Judge’s decision will remain the law till the appeal is heard and determined.
• XRP price retreated following the news, though the declines were widely spread across the market.

The US Securities and Exchange Commission (SEC) signaled in documents filed on Friday that it would be appealing the court’s decision regarding XRP.

But while a former SEC official noted this could likely be bad news for Ripple, a pro-XRP lawyer has opined that this won’t be the case – “not even close” – he noted.

Judge Torres’ decision ‘law’ for now

SEC’s hint of an appeal against Judge Analisa Torres’ ruling was revealed in documents related to the agency’s case against Terraform Labs and its former CEO Do Kwon. The regulator faulted the judge’s decision and pointed towards a possible appeal.

In a tweeted response to a suggestion that Ripple could suffer a setback, Crypto Law founder John Deaton said:

“An appeal is not even close to be a setback. First, it will be two years from now before a decision is issued by the 2nd Circuit, if it’s appealed. The Torres Decision is the law until then – at least in the 2nd Circuit. Second, even if the 2nd Circuit said Torres was wrong regarding her application of the 3rd Howey factor (which I predict they won’t), that doesn’t mean the SEC wins on Programmatic sales (sales on exchanges).”

According to Deaton, Judge Torres could “still rule the same exact way” if the SEC appealed the case.

“Let me be more precise: I’m not suggesting that Judge Torres’ decision is binding within the SDNY. A fellow District Judge could disagree with her. But I think a fellow judge in the 2nd Circuit is going to be hard pressed to disagree with Judge Torres, especially considering she cited Judge Castel from Telegram. After reading the Coinbase transcript, we can see it’s already playing out that way,” he explained.

The post SEC appeal would not be a setback for Ripple, lawyer says appeared first on CoinJournal.

• Celsius could return  customer assets by the end of the year after parties resollved two key bankruptcy issues.
• CEL price rose more than 12% to $0.18 before paring gains.

The price of Celsius Network token CEL was up by more than 12% on Saturday afternoon to rank among the top gainers on the day as Bitcoin continued to range near $30k.

CEL traded to $0.18 as news that Celsius had reached two key settlements related to its bankruptcy proceedings and potential reimbursement of customer assets encouraged traders. While the gains are modest compared to those seen on June 29 and July 1, they represent decent recovery from recent lows of $0.13.

Why is Celsius Network price up today?

According to court documents filed on July 20, Celsius has reached settlement with the Official Committee of Unsecured Creditors over a class claim in which account holders accused the crypto platform’s former management of fraud and misrepresentation and other actions that allegedly harmed them.

Also important is the resolution that could see customers with interest-bearing Earn accounts receive a percentage of their money in crypto assets. They would also be eligible for shares of the new company after bankruptcy ends.

The court document reads in part:

“This settlement, including the increased claim amounts described below, fully resolves all issues between the mediation parties relating to the Plan, will lead to the withdrawal of the adversary proceedings filed by the mediation parties, and will pave the way towards confirmation of the Plan in October and distributions to account holders by the end of this year.”

As noted in the filing, about 30,000 account holders lodged total claims of $78.2 billion against the collapsed crypto lender.

The management team has agreed to a settlement with the class, opting to increase customer’s reimbursements by 5%.

“Any eligible Account Holder who does not opt out of the Settlement will receive a claim in the amount of 105% of their scheduled claim, which will supersede and extinguish any related Proofs of Claim filed by such Account Holder.”

While account holders have the option of not taking this deal, the alternative could see delayed distribution and potentially reduced recoveries due to the huge expenses associated with the proceedings.

“Resolving the more than $70 billion of non-contract claims outside of the Settlement would be extraordinarily time-consuming and expensive.  The resolution process would significantly harm creditors through delayed distributions and ultimately lower distributions as a result of increased administrative expenses incurred in connection with adjudicating such claims,” the filing states.

US Judge Martin Glenn will examine the resolutions on August 10.

The post Celsius reaches key settlements in bankruptcy proceedings appeared first on CoinJournal.

• XRP price has been trading around $0.80 for the past week, having retreated before hitting the $1 level.
• Ripple’s win against the SEC remains a huge catalyst and several indicators suggest a new leg is likely.
• If price breaks out amid new upside catalysts, it could be a big move for XRP.

XRP’s explosive gain on the day Ripple scored a big one against the US Securities and Exchange Commission (SEC) did not help bulls cross the psychologically important $1 level. And with ranged trading amid a flip in the Fear & Greed Index this week, the struggle beneath $0.80 has hinted at a slight frustration across the XRP market.

What’s the XRP outlook?

A weekly chart showing XRP/USD price performance. Source: TradingView

XRP’s pullback below $0.80 (XRP/USD traded to highs above $0.93 last week) has come even as open interest in futures contracts continued to hover at its highest level since November 2021. According to OI data from Coinglass, that metric soared to $1.19 billion on Thursday July 20.

Rising open interest is indicative of inflows into the XRP futures contracts and typically confirms the recent trend’s strength.

The XRP market has also been on a tear in terms of the global spot trading volumes. On-chain data showed XRP volumes, buoyed by massive interest in South Korea, topped that of Bitcoin.

This is the largest volume on $XRP measured in the last 1,5 years.

INSANE! pic.twitter.com/paNyPJsCXm

— Crypto Rover (@rovercrc) July 13, 2023

Positive sentiment has also been infused into the XRP market by recent developments around adoption of Ripple technology. After the partial win against the SEC, reports emerged that the US-based blockchain company was looking to recapture the interest of major financial players in its cross-border payments and remittances technology.

Ripple also made a major splash this week, committing to a $54 million investment in Futureverse, an artificial intelligence and metaverse-focused project. With more upside catalysts across the crypto market, it is possible XRP price could cap a great month with a burst above the key resistance level.

However, while a move higher is a more likely scenario given the highlighted factors, a negative flip in sentiment with prices still near current levels could risk a bearish retest. The primary support level below $0.70 is around $0.50.

The post XRP price outlook: a tinge of frustration but bulls have $1 in sight appeared first on CoinJournal.

Key takeaways

• XRP, XLM and LINK added more than 20% to their values over the past seven days, outperforming Bitcoin. 

• Shiba Memu has now raised more than $1 million in its presale.

XRP, XLM and LINK have been the best performers amongst the top 50 cryptocurrencies by market cap over the past few days. 

Their performance has seen Bitcoin’s dominance drop below the 50% mark. Investors are now speculating whether the altcoins season is here, with altcoins outperforming Bitcoin since the start of the month.

XLM, XRP, and LINK lead the altcoins rally

XRP, the native coin of the Ripple ecosystem, has been the biggest winner so far this month. XRP added more than 70% to its value since the start of the month, thanks to a favourable ruling in the Ripple vs. SEC case. 

Stellar Lumen’s XLM also rallied by more than 50% this month, thanks to XRP’s positive performance. With XRP not considered a security, XLM became bullish as it is XRP’s major competitor in the market. 

LINK, the native coin of the Chainlink blockchain, also rallied by more than 20% this week. The rally was fueled by Chainlink’s release of its CCIP protocol as it expanded its base within the ecosystem. 

With altcoins outperforming Bitcoin in recent weeks, market participants could be wondering whether the altcoins season is finally here.

Shiba Memu’s presale also continues to set new records. The team has now raised more than $1 million, with only 36,406,652 tokens left in this presale round. 

What is Shiba Memu?

Shiba Memu is a meme coin project that seeks to differ from the current crop of meme coins found in the cryptocurrency space by offering more value to users. 

While the project is still in its presale stage, its promised utility has seen investors grab more than $1 million worth of its native SHMU token. 

According to their whitepaper, Shiba Memu is a cryptocurrency that combines AI and blockchain technology to develop an unstoppable, entirely self-sufficient marketing powerhouse.

The team revealed that Shiba Memu has the capacity to execute the work of 100 marketing agencies. Furthermore, Shiba Memu is an active AI-based platform, providing users with the transparency of blockchain technology and the efficiency of AI. 

If deployed, the Shiba Memu platform actively engages to find the best work going on in creative advertising, consumes the work and churns out far better results. 

The Shiba Memu team decided to leverage the recent popularity of meme coins. Meme coins have become an important part of the cryptocurrency ecosystem. The total meme coin market cap grew from practically $0 to reach the $20 billion mark in 2022. 

The Shiba Memu team revealed the platform has self-sufficient marketing capabilities powered by AI technology. When deployed, Shiba Memu will develop its own marketing strategies, write its own PR, and promote itself in relevant forums and various social media platforms.  

At the moment, Shiba Memu operates on Ethereum and BNB Chain, the two leading DeFi and smart contract blockchains. 

Shiba Memu’s presale tops $1 million

Despite the current market conditions, Shiba Memu’s presale event has been going excellently. Shiba Memu’s presale investment has increased by more than $200k over the past few days, with more than $1 million raised so far. 

Shiba Memu has been attracting interest from investors thanks to the latest rally by altcoins. 

The team revealed that the funds generated from the presale would be used to develop some of their products. They have allocated most of the funds to the development of the Shiba Memum AI technology.

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

Should you invest in Shiba Memu today?

Bitcoin’s dominance in the market has decreased in recent days, with altcoins like XRP, XLM and LINK experiencing massive surges in prices.

With more interest in altcoins, investors could be looking for new exciting projects in the cryptocurrency space. Shiba Memu could be one of the projects investors look to. 

By combining the power of blockchain technology and AI, Shiba Memu promises to be a unique project. The platform will look to ease marketing strategies for companies and organisations. 

If the project gets the right level of adoption, its SHMU token could rally higher in the coming months and years. 

The post XRP, XLM and LINK record huge gains: is the altcoins season here? appeared first on CoinJournal.