Kategorie: Crypto News

• Fidelity’s FBTC hits $1B inflows, second to BlackRock’s IBIT.
• 10 out of the 11 approved ETFs gain $3.4B, Grayscale sees $2.2B outflows.
• Pullix PLX token presale gains steam as the trade-to-earn token’s value rises from $0.04 to $0.08.

Fidelity’s FBTC spot bitcoin ETF has emerged as the second to surpass $1 billion in inflows, trailing closely behind BlackRock’s IBIT.

Simultaneously, Pullix, a DeFi protocol, stirred excitement with its PLX token presale, showcasing impressive price surges across stages.

Fidelity’s FBTC inflows

Fidelity’s FBTC has rapidly gained traction in the crypto investment space, becoming the second spot Bitcoin ETF to reach $1 billion in inflows after BlackRock’s IBIT.

According to BitMEX Research, the FBTC ETF achieved this milestone within just five days of trading. The surge in inflows underscores the growing interest among institutional and retail investors in gaining exposure to Bitcoin through regulated and mainstream financial instruments.

BitMEX Research data reveals a robust performance of various spot bitcoin ETFs in the market. While Fidelity’s FBTC and BlackRock’s IBIT lead with $1 billion-plus inflows each, other notable players include Bitwise with $395.5 million, Ark Invest/21Shares with $320.9 million, and Invesco with $194.9 million.

The overall positive sentiment is evident as 10 out of 11 ETFs garnered inflows totalling almost $3.4 billion, with Grayscale experiencing $2.2 billion in outflows.

Pullix PLX token presale

Simultaneously, Pullix, a new player in the crypto sphere, has captivated the attention of crypto traders and investors alike with its hybrid trading platform scheduled for launch before the end of January. The platform is currently conducting the presale for its native token, PLX, and the presale has seen remarkable developments, with PLX prices reflecting significant fluctuations across stages.

Pullix’s PLX token, with its innovative “Trade-to-Earn” mechanism, has witnessed substantial interest. As investors eagerly participate in the presale, the token’s value has surged, revealing the market’s confidence in Pullix’s unique approach to decentralized finance (DeFi).

Starting at an initial price of $0.04, the token swiftly progressed through various stages, reaching $0.08 in the current sixth stage.

The presale has so far raised $3,890,284 reflecting investor confidence in Pullix’s vision of bridging decentralized and centralized exchanges, offering a comprehensive trading experience with a focus on liquidity provision.

Conclusion

The recent developments in the crypto market paint a vivid picture of its ever-evolving nature. Fidelity’s FBTC achieving $1 billion in inflows signifies the growing mainstream acceptance of Bitcoin, while Pullix’s PLX presale success underlines the demand for innovative DeFi solutions.

The crypto world’s continuous evolution promises exciting prospects, and investors remain poised for further groundbreaking developments.

The post Fidelity’s FBTC hits $1B inflows, Pullix PLX presale raises $3,89M appeared first on CoinJournal.

• Ethereum and Meme Moguls price forecast as SEC delays Fidelity’s spot ETF.
• $ETH: Analyst says $2,450 key to bulls and market could see sharp bounce.
• Meme Moguls ($MGLS) price has reached $0.0027 in stage 4, showing a 42% upside as potential 100x toke gathers presale pace.

Amid the crypto market’s bid to bounce from recent declines, Ethereum ($ETH) price is battling to hold above $2,400. While most altcoins mirror Ethereum’s downside move, some with double-digit losses over the past 24 hours, new token Meme Moguls ($MGLS) is defying the turbulence.

Here’s what analysts are saying about Ethereum and Meme Moguls.

SEC delays decision on Fidelity’s spot ETF

After recently approving several spot Bitcoin ETFs, the US Securities and Exchange Commission (SEC) has postponed its decision on Fidelity’s proposal to list a spot Ethereum ETF. 

A SEC filing on Thursday pushed the decision on whether to allow or reject the application to March 5, 2024.

According to Bloomberg ETF analyst James Seyffart, SEC’s move to delay aligns with market expectations. He opines that the regulator could push the final resolution to late May. There are other Ethereum ETF applications before the SEC, including by BlackRock and Grayscale.

Meme Moguls ($MGLS): Strong presale suggests market confidence

$MGLS is the native token of the Meme Moguls platform, a new meme-backed trading exchange currently in presale.

The project offers an ecosystem where traders can tap into the opportunities available across the meme-inspired assets’ marketplace. It means viral performances for meme tokens is a chance to make a profitable trade on Meme Moguls.

By holding $MGLS, a trader can also participate in stake and earn as well as take advantage of a play-to-earn (P2E) environment to accrue earnings as they showcase their skills.

With the crypto trading landscape growing amid further adoption, Meme Moguls makes this an inclusive community platform. There’s an opportunity for everyone, including beginner traders who can climb leaderboards as they learn from moguls within the community.

Currently in presale, the Meme Moguls token’s price has risen to $0.0027 as massive interest continues amid predictions that this could be the next 100x token. 

The project has raised over $1.7 million in stage 4 of the token sale. What’s on show is the kind of attention that could fuel $MGLS momentum when the token lists on exchanges after the presale. 

Ethereum ($ETH): $2,450 key to bulls

Crypto prices reacted higher when asset manager’s first filed for the ETH spot ETFs, just like when it happened following Grayscale’s victory over the SEC in the fight to convert GBTC to a spot ETF.

Prices also rallied as the US securities regulator finally approved the first spot Bitcoin ETFs for the US market, with BTC rallying to highs of $49,000 and ETH retesting multi-month highs above $2,700.

Ethereum price is currently looking to hold the critical $2,450 support area. It’s a key level given the liquidations witnessed in the past 24 hours.

Commenting on the price outlook, MAC.D, an analyst at on-chain analytics provider CryptoQuant, noted: “If a large number of long positions are liquidated, causing volatility to the downside, market sentiment has the potential to shift sharply, while if the price holds and bounces back, investors are likely to be reassured and return to buying.”

Ethereum and Meme Moguls price prediction conclusion

While headwinds abound from a regulatory perspective, the crypto market appears to be confident in the eventual approval of ETH spot ETFs. The reflection is in the resilience currently on display despite the hit on broader sentiment.

Analysts expect Ethereum price to retest its all-time high above $4,800 if the bull market holds, and an ETF approval in March, or May, could help catalyse this growth. 

Meanwhile, Meme Moguls could explode as the token makes an entry into the market amid overall upside trajectory for crypto, including meme coins.

If you’d like to learn more about Meme Moguls or buy the $MGLS token, visit their website.

The post Crypto price prediction: Ethereum ($ETH), Meme Moguls ($MGLS) appeared first on CoinJournal.

• Manta Network battles DDoS post-MANTA launch; 135M RPC requests flood, causing delays.
• Bitbot revolutionizes retail trading on Telegram with non-custodial, AI-backed solutions.
• BITBOT token presale unfolds across 15 stages, offering investors a structured opportunity.

In a whirlwind of recent events, Manta Network faced a DDoS attack right after the successful launch of its MANTA token, causing a stir in the crypto community. Meanwhile, Bitbot, a Telegram trading bot, is making waves by empowering retail investors.

Jin us as we delve into the challenges Manta Network is facing and explore Bitbot’s mission to put institutional-grade tools in the hands of individual investors.

Manta Network DDoS attack

Manta Network, a modular blockchain protocol renowned for its focus on zero-knowledge (ZK) application development, encountered a significant setback shortly after the launch of its governance token, $MANTA. The network experienced a Distributed Denial of Service (DDoS) attack, as confirmed by the co-founder, Kenny Li.

This malicious attempt flooded the network with over 135 million remote procedure call (RPC) requests, a coordinated effort to obstruct normal operations.

Li reassured the community that despite the severity of the attack, the blockchain is running securely, product production continues, and funds remain safe. However, the assault severely limited communication between applications and the blockchain, resulting in delayed transactions and slower withdrawal times.

Understanding the gravity of the situation, Manta Network swiftly responded, stating that it is working tirelessly to deploy enhanced DDoS mitigation efforts. The attack’s abnormal scale and duration posed challenges, extending the resolution timeframe.

Bitbot: revolutionizing retail trading

In the midst of the crypto storm, a new Telegram bot named Bitbot has emerged as a game-changer for retail investors.

With a mission to provide institutional-grade tools within a non-custodial framework, Bitbot stands as a beacon for those seeking financial autonomy. Built on Telegram, it offers an elegant, user-friendly solution backed by proprietary AI, allowing users full control of their assets.

Bitbot boasts ultra-flexible wallet management, utilizing non-custodial API technology secured by Knightsafe’s custody solution. Key safety features include an Anti MEV Bot, preventing manipulation of blockchain opportunities, and anti-rug features, safeguarding users against crypto scams.

Users can seamlessly copy the trades of top-performing traders, enjoy a built-in referral program, and experience easy sign-up with the creation of up to three free wallets.

Bitbot’s presale launched on January 17 offering 30% of the total supply of 1,000,000,000 tokens up for grabs for earlycomers. The presale spans 15 stages, each with a designated percentage of tokens and token price.

In the first stage, the BITBOT token is going for $0.01 and the price is expected to rise to $0.0105 in the next stage. The token price will keep on rising with each presale stage meaning the early bird has the opportunity to reap the most.

Conclusion

As Manta Network navigates a DDoS attack showcasing its commitment to security and privacy, Bitbot’s emergence as a retail investor-friendly trading bot brings institutional-grade tools to the masses, ushering in a new era of financial autonomy.

As these entities weather challenges and forge ahead, the crypto community witnesses the evolution of technologies and solutions that promise to redefine the future of decentralized finance and blockchain applications.

The post Manta Network battles DDoS attack after TGE as new Telegram bot steals the show appeared first on CoinJournal.

• Manta Network (MANTA) price slips amid disruptive DDoS attack.
• Network is experiencing longer transaction times and increase in gas fees.
• MANTA price reached highs of $2.72 after its Token Generation Event (TGE) but was down to $2.13

Manta Network debuted its MANTA token on exchanges on Thursday, with the listing on Binance, BingX, MEXC among others seeing its value skyrocket to above $2.72.

The token is however 20% down since that peak as the team acknowledged a distributed denial of service (DDoS) attack. The DDoS attack coincided with the Layer 2 modular blockchain’s Token Generation Event (TGE) on January 18. The attack flooded the network with more than 135 million fake RPC requests.

DDoS Attack Update on @MantaNetwork
Hey everyone, we are experiencing a calculated DDoS attack on the network. This happened at 9:30AM UTC, exactly the same time as our TGE event. Since that time, we have seen over 135m requests hit the RPC nodes, which indicates that this is a… pic.twitter.com/EgjUiOvRl0

— 🤓Kenny.manta 🦇🔊 (🔱,🔱) (@superanonymousk) January 18, 2024

On Friday, the Manta team posted on X that following the DDoS attack, the network was experiencing transaction delays. The accumulation of large queues of transactions was also impacting gas fees, the platform said.

“Because of yesterday’s DDoS attack, the network has accumulated a large queue of recent transactions. This is leading to longer transaction times and impacts on gas fees. We are aware of this issue and working to resolve it,” a statement the blockchain platform posted on Friday stated.

MANTA price was down to $2.13 at the time of writing.

The post Manta Network (MANTA) hit by DDoS attack appeared first on CoinJournal.