Schlagwort: blockchain markets

Key takeaways

• 21Shares has filed for a spot Polkadot ETF, increasing the number of altcoin ETF applications with the SEC.
• Dogizen’s fifth presale will soon end as the amount raised surpasses $3.8m.

21Shares files for a Polkadot ETF

Exchange-traded fund-focused firm 21Shares has filed for a spot Polkadot ETF with the U.S. Securities and Exchange Commission (SEC). This is the first spot Polkadot ETF application with the regulator as asset management firms file for more altcoin ETFs.

Following the SEC’s approval of spot Bitcoin and Ethereum ETFs last year, asset management firms have filed for other crypto spot ETFs in a bid to provide exposure to institutional investors.

So far, spot ETF applications have been filed for Solana, XRP, Litecoin, and Dogecoin. Polkadot now joins the club as 21Shares seeks to provide investors with exposure to the DOT cryptocurrency. 

What is Dogizen?

Altcoins are gaining traction in the market thanks to the increasing number of altcoin ETF applications. The ETFs seek to attract more institutional investors to the cryptocurrency market. 

Dogizen is joining the altcoin narrative as it is the first Telegram ICO. It is a tap-to-earn project that is a direct competition to Catizen, the popular cat-themed game on the Telegram app. 

The team explained that Dogizen is designed to keep friends connected and together through Telegram. In the game,m players can collect Treatz (Dogizen coins), connect with friends through refurrals, fetch flights, and retrieve passport stamps as they explore new destinations. 

The developers are working on map expansions and new mini-games. Dogizen is a unique project as it allows users to participate in its ICO within Telegram. 

Dogizen to provide exclusive perks for players as ICO ends in four days

According to the Dogizen website, the ICO ends in four days, after which the token will list on centralised and decentralised exchanges. The project prides itself on being the first Telegram ICO and is working to provide exclusive perks for players and seamless deployment for developers.

$Treatz is Dogizen’s native token and will power various activities within the ecosystem. Users can spend their coins in multiple game worlds. Furthermore, with a large audience on an active game (over 1 million active players), Dogizen has already started delivering on its roadmap and is taking things to the next level. 

The Dogizen team will leverage the strong gaming community to make the presale and further roadmap progression successful. In the second phase, Dogizen will unveil its launchpad, expand the Dogizen gaming arcade, and introduce the developer SDK. 

Dogizen’s fifth presale stage nears completion

The Dogizen presale is moving excellently, with the fifth stage almost complete. The team has raised over $3.8 million from investors. According to the website, investors can purchase the $Treatz token using various cryptocurrencies, including Ether, USDC, USDT, BNB, and SOL. Dogizen also has a card option for those who wish to pay using fiat currencies. 

In the fifth presale stage, Treatz is going for $0.000085 and is set to increase to $0.000089 in the next stage. Dogizen also lets investors purchase the $Treatz token via the Dogizen Telegram mini-app. Simply access the Dogizen mini-app on Telegram, navigate to the buy menu, enter the amount, confirm the purchase, and complete the transaction. 

Should you invest in the Dogizen project?

Dogizen is a unique project as it is the first Telegram ICO project planning to expand beyond its current tap-to-earn feature. The developers are working to introduce the Dogizen launchpad, expand the gaming arcade, and launch the developer SDK.

While Dogizen is a dog-themed memecoin, it offers users various utilities. Its native $Treatz token is currently sold for $0.000085 and could surge higher once the ICO ends in a few days. The ICO could be an excellent opportunity for investors to purchase the tokens at a discount.

The post More altcoin ETF applications as 21Shares files for a spot Polkadot ETF appeared first on CoinJournal.

Dogizen, the first Telegram game with an initial coin offering, is poised for a major market debut when its presale ends in under a week.

At over $3.8 million in early bids so far, Dogizen (DOGIZ) stands out as one of the top presale projects in the market in early 2025.

Meanwhile, there’s notable interest in Polkadot (DOT) amid broader market enthusiasm. Specifically, asset manager 21Shares has filed for a Polkaddot spot exchange-traded fund with the US Securities and Exchange Commission.

Is a Polkadot ETF coming?

On Jan. 31, ETF provider 21Shares officially filed an S-1 registration with the SEC seeking approval for the listing of Polkadot Trust.

There are other Polkadot ETFs in Europe. However, this is the first ETF application for a DOT ETF in the US.

21Shares outlining plans to list and trade the fund’s common shares on the Cboe BZX Exchange.

Like other spot ETFs, the Polkadot Trust targets tracking the spot price of DOT. Its potential launch could draw attention to the altcoin.

Spot Bitcoin ETFs have witnessed huge success in the one year since the SEC approved them for trading in January 2024.

Analysts have pointed out that the interest in the funds coupled with other factors such as Donald Trump’s election, are what hoisted Bitcoin to its all-time high above $108k. Could this trend hold for the various tokens eyeing ETFs like XRP, Solana, Dogecoin and now, Polkadot?

Bloomberg ETF analyst James Seyffart says the market will decide on the issue of demand.

Why is Dogizen trending?

Having launched its ICO on Telegram, a 950 million user platform, Dogizen has entered the final week of presale before it makes its market debut.

The news that DOGIZ will go live on Sui, a layer-1 blockchain that offers an expansive user base and greater promise has further fueled investor interest.

Sui recently integrated the non-custodial multichain wallet Phantom, a development that places Dogizen on track for a new adoption base. The attention and potential means Dogizen’s upcoming launch could rival recent Telegram game apps Catizen, Hamster Kombat and Notcoin.

While Hamster Kombat, Catizen and other GameFi tokens on Telegram witnessed significant success in terms of attracting millions of players, the airdrop approach meant most participants sold-off after token claims.

DOGIZ makes a case for itself with the ICO approach. Notably, the over 1 million players and thousands more to take part in the presale are likely to become long term holders as they target the future of gaming on Telegram.

Dogizen’s presale ends on Feb. 7

Less than a week to snag your $DOGIZ before the presale’s over! ⏳

This is your shot to get in early on the first Telegram ICO and ride the wave as Dogizen launches. Don’t wait – opportunities like this don’t come around twice. 🚀

Join now 👉 https://t.co/rM5DLsQHLh pic.twitter.com/OTZ49IREhY

— Dogizen (@DogizenGame) January 31, 2025

Currently, presale participants can position with Dogizen at a bargain price.

Per details on the presale page, the Telegram game’s native token’s price is just $0.000085. With the market cap at just $10 million, its a massive room for appreciation for Dogizen if this were to get to $100 million, $200 million or more.

That’s why it is easy to fathom why enthusiasts are eyeing the token sale before it ends on February 7, 2025.

Interested in Dogizen? Visit the official website.

The post Dogizen eyes market debut as 21Shares files for Polkadot spot ETF appeared first on CoinJournal.

• Crypto exchange Coinbase has announced the acquisition of Spindl.
• The on-chain ads and attribution platform was founded in 2022 by former Facebook ads team member Antonio Garcia-Martinez.

Coinbase has acquire Spindl, an on-chain ads and attribution platform.

The US-based cryptocurrency exchange announced the acquisition on Jan. 31, noting in a blog post that the deal is crucial to the exchange’s plans to the next one billion users on-chain.

Coinbase will use the newly-acquired platform to accelerate onchain ads traction.

Bringing 1 billion people onchain starts with backing the builders making it happen

Welcome to the @spindl_xyz team, helping builders go viral onchain and find distribution on @coinbase and across the onchain economy pic.twitter.com/57G17p8s6H

— Base (@base) January 31, 2025

This will see the exchange support developers who build apps aimed at bringing more users to the blockchain and web3 ecosystem. Spindl will help Coinbase improve “the onchain discovery problem” facing on-chain builders.

“The Spindl team brings unmatched expertise in onchain advertising, helping builders accelerate their reach while bringing more users onchain by connecting builders with both Coinbase users and users across the onchain economy. Their work will be crucial to expanding the ways we elevate and support builders,” Coinbase wrote in the blog post.

Spindl will continue to run on Base, with its support for current customers remaining uninterrupted.

Former Facebook ads team member Antonio Garcia-Martinez founded Spindl in 2022. His role at Facebook included shipping the social media platform’s first release of keyword targeting and audience targeting.

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• Musk It token has jumped 544% after Errol’s $200M plan.
• Errol Musk plans to fund the Musk Institute project with funds raised using the memecoin.
• Musk It’s future is uncertain seeing that it lacks a clear roadmap.

The Musk It (MUSKIT) token has seen an astronomical rise, soaring by 544% within the last 24 hours to hit an all-time high of $0.07278.

This surge comes hot on the heels of an announcement by Errol Musk, the father of tech mogul Elon Musk, who revealed his ambition to raise $200 million through this memecoin for a new venture called the Musk Institute.

The Musk It token price rebound

The Musk It token, which was initially launched in December 2024 by a Middle Eastern cryptocurrency company, had previously struggled to capture the market’s attention, shedding over 50% of its value since its inception.

However, the recent news of Errol Musk’s fundraising plan has dramatically reversed its fortunes, pushing the token’s price to $0.07278 from a low of $0.0107 in a day.

This price movement has been accompanied by a trading volume of $87,495,901, signalling significant investor interest.

The Musk Institute, as envisioned by Errol Musk, aims to be a for-profit think tank focused on engineering projects, particularly those that could go “beyond rockets.”

Errol Musk’s ambitious goal with the Musk It memecoin has evidently struck a chord with investors, despite the token’s lack of intrinsic utility, a common trait among memecoins.

The surge in MUSKIT’s price and trading volume indicates that the market is not just responding to the Musk name but also to the potential for what the raised funds could achieve.

There is a caveat to the sudden MUSKIT’s price surge

However, this dramatic rise in Musk It’s valuation comes with a caveat. The token’s success appears to be closely tied to the Musk family name, yet there’s a clear distinction: Elon Musk has no involvement in this project.

This lack of endorsement from Elon, whose influence in the crypto world is significant, especially with his history of impacting Dogecoin’s price, casts a shadow over the token’s long-term sustainability.

Anndy Lian, an intergovernmental blockchain expert, has expressed scepticism about Musk It reaching the same heights as other celebrity-backed memecoins without Elon’s direct stamp of approval.

The memecoin market, notorious for its volatility, often sees such dramatic swings based on hype rather than fundamental value.

The excitement around Musk It mirrors the recent interest in other high-profile memecoins like those associated with the Trump family, which have also seen significant, albeit fluctuating, gains.

This trend suggests that investors are on a constant lookout for the next big hit in crypto, hoping to capitalize on the speculative nature of these tokens.

While the immediate future for Musk It looks promising with its newfound momentum, the long-term outlook remains uncertain. The market cap has now reached $63,922,516, but without detailed tokenomics or a clear roadmap, the project’s transparency is under scrutiny.

While Errol Musk has distanced the project from being a “pump-and-dump” scheme, the market’s history is rife with such examples where initial excitement quickly dissipates.

The post Musk It price explodes 544%, Errol Musk aims to raise $200M with it appeared first on CoinJournal.

• The VIRTUAL price rose to highs of $2.45 after Upbit, Korea’s largest exchange, announced trading support.
• Upbit planned to add VIRTUAL pairs against Korean Won, BTC and USDT.
• Virtuals Protocol is also among tokens in Injective’s AI index AIX.

VIRTUAL, the native token of the AI agents platform Virtuals Protocol, has surged to highs of $2.45 and recorded a 24-hour trading volume of over $485 million.

Market data shows the token’s daily volume has shot up by more than  186%, indicating a massive increase in interest and trading activity.

Korea’s Upbit lists Virtuals Protocol token

VIRTUAL price spiked in early trading on Jan. 31 after Upbit, the largest cryptocurrency exchange in South Korea, announced its support for the token.

In an update on X, Upbit said it would be listing VIRTUAL with support for three major trading pairs. The exchange planned to add pairs against the Korean Won, Bitcoin (BTC), and Tether (USDT).

Market reaction to the news has helped the artificial intelligence protocol’s native token reclaim price levels seen early this week.

While VIRTUAL has pared some of these gains amid profit taking deals, it trades 6% in the green. Bulls have cut weekly losses to about 16%.

Why else is VIRTUAL price up?

Overall AI sentiment is one reason this token is up today.

Notably, the latest bounce for the Virtuals Protocol price came as Injective Labs announced the AI agent token will be part of the newly-launched AI index AIX.

This tokenized product combines some of the world’s best AI tokens andstocks. Other than INJ, the index comprises top AI tokens Bittensor as well as trending agentic tokens ai16z and Virtuals Protocol. Injective’s AIX also has Nvidia and Taiwan Semiconductor stocks.

Virtuals’ price has also traded higher amid a partnership with Allora, a Polychain-backed decentralized AI platform. The collaboration allows developers on G.A.M.E to leverage Allora’s technology to create smarter AI agents.

Virtuals’ recent surge also followed the project’s expansion to Solana, with LayerZero powering the integration. The move brought co-ownership of AI Agents to two chains – Base and Solana.

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