Schlagwort: crypto business

• Laser Digital has announced a strategic partnership with Pyth Network
• The Nomura-backed digital asset platform is set to bring its expertise and experience in the banking world to the growing DeFi ecosystem.
• Pyth Network currently offers over 450 price feeds from 100+ data providers. 

Laser Digital, a digital asset subsidiary of global financial services giant Nomura, has become a data provider for oracle platform Pyth Network.

The platform announced that its strategic partnership with the blockchain network will help streamline access to financial market data, and its utilisation within the decentralised finance (DeFi) ecosystem.

In this effort, Laser Digital will tap into its network, tools and resources, per details in a press release sent to CoinJournal on Thursday. Laser Digital will initially provide crypto pricing data.

“We are excited to support Pyth Network in its journey as a decentralised data provider. We look forward to leveraging our expertise and experience to contribute to the growth of the Pyth ecosystem,” Laser Digital CEO Jez Mohideen noted.

Laser Digital and Pyth Network growth

Laser Digital has seen significant growth and traction within the digital assets space over the past year. 

Apart from investing in DeFi protocol Infinity in February 2023, it launched the Bitcoin Adoption Fund for institutional investors in September. These are not the only big moves Laser Digital made in 2023.

It also received an In-Principle approval from the Abu Dhabi Global Market and opened its Japan office before making its metaverse debut after a partnership with The Sandbox. Laser Digital has also partnered with institutional trading platform Talos.

Pyth Network launched in April 2021, and has quickly grown to become one of the crypto industry’s largest oracle networks. Currently, Pyth provides for over 450 price feeds, including for crypto, stocks, forex, exchange-traded funds (ETFs), and commodities.

The first-party oracle protocol draws pricing data from more than 100 data providers. These include crypto exchanges, trading firms, market makers and traditional exchanges.

Pyth Network also offers over 300 decentralised application (dApp) integrations and supports more than 50 blockchains, including Arbitrum.

The post Nomura’s Laser Digital partners with Pyth Network as a data provider appeared first on CoinJournal.

• Pantera Capital initiates $250M fundraise for discounted SOL tokens from FTX Estate.
• Pantera Capital’s target price is $59.95 per SOL, 57% lower than the current market value of $142.
• FTX holds 41.1M SOL, valued at $5.4B.

Pantera Capital, a renowned asset management firm specializing in cryptocurrencies, has initiated a fundraising campaign to acquire Solana (SOL) tokens from the estate of the bankrupt FTX exchange.

To capitalize on the discounted SOL tokens, Pantera is seeking to raise funds for the Pantera Solana Fund, targeting a purchase of up to $250 million worth of SOL tokens.

Discounted SOL acquisition opportunity

The venture presents a lucrative opportunity for investors to acquire SOL tokens at a significant discount.

Pantera intends to purchase part of FTX’s SOL holdings at a rate of $59.95 per token, representing a substantial 57% reduction compared to the current market price of $142 per token.

As part of the investment opportunity, prospective investors are required to commit to a vesting period of up to four years.

FTX’s Solana (SOL) holdings 

The FTX estate holds approximately 41.1 million SOL coins, valued at around $5.4 billion, constituting approximately 10% of the total Solana token supply.

Solana’s SOL token has demonstrated impressive performance, experiencing a 2.51% increase in the past 24 hours, with the current trading price standing at $142.51.

Additionally, SOL has witnessed remarkable gains of over 10.5% on the weekly chart and a staggering 49.7% on the monthly chart as Solana sees increased memecoin trading activity.

This strategic move by Pantera Capital underscores its commitment to seizing investment opportunities in the cryptocurrency market, leveraging the discounted SOL tokens to potentially generate substantial returns for investors over the stipulated vesting period.

The post Pantera Capital fundraising to acquire discounted SOL tokens from FTX Estate appeared first on CoinJournal.

• Investors in AI tokens have pushed Render, Fetch.ai and AGIX prices higher.
• This comes as the market sentiment holds bullish ahead of Nvidia’s upcoming GTC AI conference.
• Bitbot, a new Telegram trading bot, is also seeing aggressive investor activity as its presale hits $845k.

After meme coins outperformed this week led by Shiba Inu, dogwifhat and Pepe, its artificial intelligence related tokens that are flying now. According to market experts, the AI token sector is likely getting impetus from the upcoming Nvidia GTC AI 2024 conference.

Notably, meme coins are also still hot as Bitcoin holds above $66k. Another hot trend in the market this week is Bitbot (BITBOT), the new Telegram trading bot that analysts have forecast could be a 100x token in 2024.

Bitbot proves attractive as AI tokens surge

AI tokens Render (RNDR), Fetch.ai (FET) and SingularityNET (AGIX) are soaring, with RNDR seeing a 31% spike in the past 24 hours, FET +36%, and AGIX +28%. 

LookonChain shared the data, noting that these tokens have surged as the AI narrative gets fresh push ahead of the upcoming NVIDIA GTC AI conference.

But as these tokens shine as have meme coins in recent weeks, one project making all the underground waves as it looks to explode is Bitbot (BITBOT).

Crypto traders taking an early position with Bitbot have so far allocated over $845k into BITBOT, the native utility and governance token of the Bitbot ecosystem. This has Bitbot roaring in stage 4 of 15 stages.

There’s 300 million BITBOT tokens up for grabs during the presale. Currently, the pricing for each token is a mere $0.0116.

What is Bitbot?

Bitbot is a new project within the increasingly hot segment of Telegram trading bots. Although still in presale, the interest in the native token and upcoming app launch has Bitbot causing ripples across the market.

A big part of this has to do with the fact that this is the world’s first non-custodial trading bot on Telegram. The implication is immense, most notably for crypto traders who have in the last few months witnessed security incidents involving bots such as Unibot, Banana Gun and Maestro.

Bitbot recently provided a product update, outlining the architecture of its non-custodial trading solution. This update included a description of how the bot taps into the self-custody technology of KnightSafe to ensure a secure trading platform for users.

And it’s not just this non-custodial feature that elevates Bitbot above its would-be rival Telegram bots. There’s more for user safety with anti-MEV and anti-rug tools.

Is the presale a good time to invest in Bitbot?

As noted, Bitbot will offer more than just a premier institutional-grade trading bot on Telegram. BITBOT can be a great investment opportunity.

Compared to current Telegram trading bots, Bitbot offers an unparalled advantage to users – the chance to leverage a level playground in terms of access to tools while remaining in full control of their assets’ keys.

Anticipation is skyrocketing and BITBOT could be one of the tokens to explode in 2024 as tokens list on exchanges and the bot launches in the market. This outlook solidifies when for instance, one looks at the 9,500% surge that Unibot saw between May 2023 and August 2023. The project’s token rose from lows of $2.46 to $236.

But the incidents of October last year have contributed to its decline within the market. With a superior bot like Bitbot poised to take over, a 100x performance is possible. 

Find out more about Bitbot from their whitepaper here.

The post Investors buy Bitbot amid AI tokens surge appeared first on CoinJournal.

• Wormhole has announced its airdrop that will see the protocol distribute over 617 million W tokens to eligible users. 
• Investors are seizing opportunity with KangaMoon (KANG) as the SocialFi project accelerates in presale.

The crypto market continues to lean bullish despite Bitcoin retreat from the all-time high reached on Tuesday this week. While altcoins, particularly AI tokens and meme coins are hot trends, investors are keen on diversifying with new gems. Other great bets are also emerging as experts say BTC is getting ready for another big move.

While Wormhole is soon airdropping its native token W to eligible recipients, investors are already grabbing early bird opportunities with KangaMoon ($KANG)

Wormhole plans W token airdrop

Cross-chain protocol Wormhole announced its plans for an airdrop of its native token W. 

According to the platform, the airdrop is one of the objectives towards achieving further decentralization for the protocol.

Wormhole ecosystem users and developers will receive a total of 617,305,000 W tokens, which account for 6.17% of the total supply of 10 billion. W will have an initial supply of 1.8 billion.

Over 397k wallets across Ethereum, Solana, Arbitrum, Base and Optimism will be eligible for the airdrop.

“This Wormhole airdrop is designed to acknowledge and reward the contributions of dedicated users and developers of multichain applications built on Wormhole, as well as community members who have played a significant role in development and engagement within the Wormhole ecosystem,” the Wormhole team noted.

In recent months, some of the top airdrops have been Blur (BLUR), Jupiter (JUP), Manta Network (MANTA), Heroes of Mavia (MAVIA) and Starknet (STRK).

According to the announcement shared on Wednesday, a snapshot for the Wormhole airdrop eligibility has already been taken.

Investors eye opportunity with KangaMoon ($KANG)

KangaMoon ($KANG) offers a new crypto project that rewards users for having fun. Interest in the project has skyrocketed in the past week as meme coins soared. 

KangaMoon could dwarf many of the meme coin outperformers as more people look to buy $KANG amid the SocialFi platform’s ongoing presale.

This is because of a unique approach that has set KangaMoon apart from other presale gems.

$KANG holders don’t have to wait until KangaMoon’s presale ends to start making profit with the purchased tokens. The play-to-earn feature comes alive via every activity, challenge or competition.

Notably, the whitepaper outlines that these opportunities will continue to be available weekly, monthly and quarterly.

KangaMoon presale accelerating

Although inspired by the meme culture, KangaMoon is a SocialFi platform that will incorporate a Play-to-Earn (P2E) game. Players will be able to exchange their in-game assets, NFTs and $KANG for real-world value.

Early access to $KANG is via the presale, with 10% of the total supply of 1 billion available.

With the recent spike in meme coin buying, investors keen on the potential that KangaMoon presents have allocated over $630,000 into $KANG positions.

As well as the chance to buy $KANG at the relatively bargain price of $0.01125 during the presale, participants can also grab tokens via special giveaways. A 10% bonus available on all $KANG purchases is one such opportunity.

Discover more about KangaMoon and how to buy on their website.

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