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Floods in Spain: Crypto exchange MEXC donates €100,000 to support local relief and resilience

MEXC, a leading global cryptocurrency exchange, has pledged a €100,000 donation to support relief efforts following the devastating floods that recently struck Valencia, Spain.

Heavy rainfall has caused severe flooding across parts of Spain, resulting in widespread damage to communities and infrastructure. To provide assistance to this humanitarian crisis, MEXC has mobilized resources to support affected individuals and contribute to local recovery initiatives

Managed by the MEXC Spain Team, the €100,000 donation aims to support immediate relief efforts and provide vital resources to those impacted by the disaster. These funds will assist the Spanish Red Cross in the delivery of essential aid, including food, medical supplies, and emergency shelter, alleviating the suffering of those affected by this disaster.

“Our hearts go out to all those impacted. During this challenging time, we are committed to working closely with local partners to understand how we can best support them,” said Tracy Jin, VP of MEXC.“We’re honored to stand alongside our users and the community, doing everything we can to provide a safe space where they can find relief and support as they rebuild and work to keep their loved ones safe.”

Since the onset of the crisis, the MEXC Spain team has collaborated closely with local relief organizations to ensure aid reaches where it is most needed. This initiative reaffirms MEXC’s longstanding commitment to supporting communities in times of need, exemplified by its recent efforts during the 2023 Türkiye earthquake, where MEXC contributed 1 million Turkish Lira to aid emergency responses. Partnering with local organizations, MEXC provided essential support to expedite relief efforts and address urgent needs on the ground. MEXC remains steadfast in its dedication to delivering timely, impactful assistance, strengthening resilience and solidarity in the communities it serves.

About MEXC

Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto.” Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 30 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.

 

The post Floods in Spain: Crypto exchange MEXC donates €100,000 to support local relief and resilience appeared first on CoinJournal.

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Bitcoin hits a new all-time high as Vantard’s presale enters the next stage

Key takeaways

  • Bitcoin has set a new all-time high of $77k after rallying by more than 10% over the last seven days.
  • Vantard’s seed round has entered the next stage after the project crossed the $800k milestone. 

Bitcoin crosses the $77k mark

The cryptocurrency market had a positive week, with most coins and tokens up 5% or more in the last seven days. Bitcoin, the number one cryptocurrency by market cap, added more than 10% to its value during that period.

The rally allowed Bitcoin to set a new all-time high price of $77,252 per coin. However, Bitcoin has slightly retraced since then. At press time, Bitcoin’s price stands at $76,564 per coin.

What is Vantard (VTARD)?

As the broader crypto market rallies, investors continue to look for new and exciting projects. Vantard is an exciting project that seeks to change how investors view meme coins.

Vantard is the world’s first meme coin index and would help investors leverage the the growing $45 billion memecoin market. Holders can use its native VTARD token to redeem tokens against the Treasury for their proportional percentage of the underlying assets. Vantard will hold a portfolio of top Solana-based meme coins. 

According to the development team, Vantard will be the world’s first Solana-based meme coin index. The project will enable investors to broaden their cryptocurrency investment portfolio. This is crucial thanks to the growing importance of meme coins to the cryptocurrency landspace.

With Vantard, investors can easily leverage the ‘Memecoin Supercycle’ as it delivers exciting new projects to their portfolios. Furthermore, this index will bridge an important gap in the market as meme coins have outperformed every other crypto sector since the start of the year. 

Find out more about the Vantard project here. 

Vantard’s seed round enters the next stage

The Vantard seed round continues, with the team raising over $300k over the last few days. The seed round comes shortly after the project raised $500k in its pre-seed funding round. This brings the total funding to $812k and could surpass the $1m mark soon.

In this current stage, Vantard is going for $0.00013 per coin, and the price is set to increase to $0.00014 in the next stage. Investors can purchase the $VTARD tokens using the USDC, USDT, and Ethereum coins on the Vantard website. 

Vantard could become one of the best performers in this bullish cycle thanks to its unique value proposition. Meme coins have a combined market cap of over $40 billion, which is expected to increase in the coming months and years.

While the meme coins ecosystem continues to grow, investors face a major challenge of finding the best projects to invest in thanks to the hundreds of thousands of meme coins currently available. 

Vantard solves this with its meme coin index, which chooses the best Solana-based meme coins to add to their portfolios. The index lets users ‘Ride the Memecoin Supercycle.’

Should you buy $VTARD in this seed round?

The Vantard seed funding round has entered a new stage, and the token is sold for $0.00013 per coin. However, the price will increase to $0.00014 per coin in the next stage. 

With the emergence of spot Bitcoin and Ethereum ETFs, institutional investors are flocking to the market. Vantard could become a big winner in this cycle as it is the first index to track the leading meme coins on the Solana blockchain. Its native $VTARD token could be one of the top tokens in the crypto space in the coming bullish cycle.

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BlackRock’s IBIT sets record $1.1 billion in daily inflows

  • IBIT’s new record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7
  • Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record indicates a “broader shift in institutional confidence” seen by BlackRock’s record net inflows
  • The 12 spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, a new record since listing in January

BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) set a new record for inflows, reaching $1.12 billion, topping its previous record of $872 million.

The new record was noted on SoSoValue and comes when Bitcoin reached an all-time high of $76,677 across major exchanges on November 7. Earlier in the week, Bitcoin broke a new all-time high of $75,317 as voting results signalled a Donald Trump win for the White House.

BlackRock’s IBIT net assets now account for $34.29 billion, significantly pushing it ahead of its competitors. In October, BlackRock set a new record when its total assets reached $30 billion in 293 days.

Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record suggests a “broader shift in institutional confidence, with notable market movements such as BlackRock’s record net inflows into its iShares Bitcoin Trust (IBIT),” adding:

“The growing institutional interest underscores Bitcoin’s increasing recognition as a trusted asset class, driven by rising global demand and mainstream adoption. As more investors seek exposure to digital assets, Bitcoin’s role as a store of value and a potential hedge against inflation becomes ever clearer.”

The 12 US spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, also a new record since listing in January.

Nearing Satoshi’s wallet

Bloomberg ETF analyst Eric Balchunas noted BlackRock’s new record in a post on X, saying: “Even I am surprised it’s that big, by far biggest one day flow of any BTC ETF ever.”

Balchunas later added that the spot Bitcoin ETFs have taken in a combined $6.7 billion in the past month and $25.5 billion year to date, and are 93% of the way to passing Satoshi Nakamoto’s 1.1 million Bitcoin.

“This confidence suggests that Bitcoin is now seen as a legitimate hedge and growth asset, particularly appealing amid traditional market uncertainties and as regulatory clarity improves,” said James Toledano, COO at Unity, a self-custody crypto wallet, to CoinJournal. “Just look at pension funds in both the UK and US investing in Bitcoin too. Sentiment has changed massively in such a short space of time.”

Grayscale’s GBTC, the second-largest by net assets at $16.80 billion, saw a net inflow of $7.31 million. Fidelity’s FBTC reported $190.92 million and Ark and 21Shares saw $17.61 million.

The post BlackRock’s IBIT sets record $1.1 billion in daily inflows appeared first on CoinJournal.

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Kidnapped WonderFi CEO released after paying $720k ransom

  • Dean Skurka is the president and CEO of WonderFi, a Canadian crypto company
  • Skurka was forced into a vehicle in downtown Toronto during rush hour
  • He said that client funds and data remain safe and weren’t impacted by the kidnapping

The kidnapped CEO of Canadian cryptocurrency company WonderFi has returned safely after electronically transferring CAD$1 million ($720,000) to his captors.

On Wednesday, at around 6 p.m. during rush hour, Dean Skurka, the president and CEO of WonderFi, was forced into a vehicle in the area of University Avenue and Richmond Street W. in downtown Toronto, reports CBC.

Skurka was ordered to pay the ransom demand of CAD$1 million. He was later released in Centennial Park in Etobicoke, according to a source close to the investigation. Speaking about the kidnapping, Skurka said:

“The safety and security of all of WonderFi’s employees are paramount. Client funds and data remain safe, and were not impacted by this incident.”

According to Jameson Lopp, co-founder and chief security officer of Casa, a security firm focused on protecting crypto users, Skurka’s kidnapping is the 171st case where violence has been used to target crypto holders.

Lopp said:

“As the [Bitcoin] price goes up, more awareness of the space permeates throughout society and as a result, more criminally minded people decide they want to try to figure out what the ROI of executing a physical attack against a known crypto holder is.”

The kidnapping comes at a time when Bitcoin is going through a price rise.

Yesterday, Bitcoin achieved a new all-time high of $76,677 on major crypto exchanges. The new price came amid the US Federal Reserve announcing a 25 basis points interest rate cut.

Earlier in the week, Bitcoin broke a new all-time high of $75,317 as voting results signalled a Donald Trump win for the White House.

The post Kidnapped WonderFi CEO released after paying $720k ransom appeared first on CoinJournal.

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MANEKI soars 50% to lead meme coins, but why buy Vantard?

Maneki has hit crypto market headlines in recent weeks, sharing the limelight with the first meme coin index fund Vantard.

Most notably, Maneki (MANEKI) has surged since its deal with Sheffield United Football Club. Meanwhile, this week’s Donald Trump win and Bitcoin’s surge has seen investors flock to Vantard (VTARD) ahead of a potential meme coin supercycle.

Is Maneki poised to explode further and become a top cat-themed meme coin on Solana? But why could buying VTARD during its ongoing seed round be even better?

MANEKI token explodes 50%

The Solana meme coin market is heating up once again. A look at the market shows all the top coins surging amid elation following Donald Trump’s election as 47th US president.

For Maneki, a community-driven meme coin on Solana based on the iconic Japanese symbol of Maneki-neko (symbol of good fortune), several factors have aligned to add to an overall bullish outlook.

Fed’s interest rate cut buoyed Bitcoin to a new all-time high. Meanwhile, market maker Wintermute getting MANEKI onboard is a new era that meant the token pumped hard.

It happened as BTC led prices higher with a jump to its new ATH above $76k. This and the recent partnership with Sheffield United as a principal partner has Maneki poised for a potentially explosive 2025.

With Solana meme coins like Maneki hinting at a looming supercycle, investors have quickly taken note of Vantard, the first-ever Solana memecoin index fund. The fund’s portfolio has top gems such as Popcat, Michi and Moo Deng. Could it add MANEKI?

Vantard gets crypto buzzing for top meme coins

In the coming months, multiple meme coins will see unbelievable gains. Investors are positioning within the market for this.

However, rather than bet on one or the other and be limited in doing so, savvy traders have poured into Vantard. It’s a portfolio that offers a basket of Solana meme tokens set for parabolic gains. Actively managed and rebalanced periodically to add the hottest trends, this is a fund like no other in the meme space.

The VTARD token is Vantard’s ticket for users looking to tap into this potential.

VTARD is currently available in presale, and has raised over $810k in its seed round. Before that, the meme index fund raised $500k in two hours in the pre-seed round.

Maneki and other meme coins on Solana are setting up for a supercycle. While traders can catch the wave if they don’t FOMO in, the best way to ride the wildest of these could be with Vantard.

Learn more here.

The post MANEKI soars 50% to lead meme coins, but why buy Vantard? appeared first on CoinJournal.