Author: Web3 Daily Press Staff

The $PINK memecoin, dedicated to the Polkadot community, announces its launch with a total supply of 2.3 billion, symbolizing Polkadot’s RGB code. It’s allocated to parachains and communities to support the ecosystem, featuring a unique game, PINKDROP, to boost awareness and participation, with significant portions reserved for game players and additional allocations for gaming communities. Polkadot has introduced a new community-focused cryptocurrency, $PINK, which is now officially available to the public. This token was distributed through an airdrop to prominent Polkadot communities and became accessible on March 21.The creation of $PINK features a total supply of 2,300,001,221 tokens. This specific…

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The once-hot NFTs witnessed a significant downturn during the crypto winter. But this sector again appears to have bounced back following the widespread rebound of digital assets. One of nine Alien Punks was sold for 4,850 ETH – the second-largest CryptoPunks sale ever – just days after a similar recent transaction of Alien Punk #3100. Blue-Skinned Punk Fetches $16.42M Punk #7804, part of the exclusive Ethereum NFT collection featuring only nine Alien Punks, exchanged hands for a staggering 4,850 ETH on March 20th. This is equivalent to approximately $16.42 million at the time of the sale and marks the second-largest…

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The Iota Foundation has recently announced a strategic partnership with Fireblocks. This collaboration aims to streamline the process of asset tokenization, addressing the growing institutional interest in this domain. The move integrates Iota’s Shimmer Ethereum Virtual Machine (EVM), a chain compatible with Fireblocks’ robust infrastructure. Escalating Demand in Tokenization The market for tokenized real-world assets (RWA) has grown substantially, with a reported valuation of $342 billion in September, per VanEck Research data. This surge comes despite the overarching bear market conditions in the crypto industry. Under co-founder Dominik Schiener’s leadership, Iota has been actively developing solutions and infrastructure to cater…

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Last updated: March 21, 2024 15:14 EDT | 1 min read As the Dogecoin price consolidates near $0.15, not far below the recent multi-year highs it hit earlier this month, members of the Dogecoin community are targeting a new ICO called Sponge (SPONGE) in search of 1000% gains.Dogecoin’s market cap is currently around $22.6 billion, marking it out as still the clear king of meme coins.But its high market cap has some concerned that the room for further upside is becoming increasingly limited.Can a utility-lacking meme coin really command a market cap of much more than $50 billion?Some fear that…

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  In the crowded court of cryptocurrencies, BlockDAG (BDAG) is smashing all the attention with its impressive $6.3 million presale, netting developments in Solana’s DeFi space and the buzz around Elon Musk’s Dogecoin forecasts. BlockDAG games on, marking a significant shift in the cryptocurrency altcoin’s sector, taking the lead within this market’s competitive nature. Solana’s DeFi Ecosystem Reaches New Milestones Solana’s DeFi ecosystem is on an impressive growth trajectory, achieving unprecedented milestones with its decentralized exchanges seeing trading volumes soaring past $3.6 billion. SOL is now trading for $189. This surge is attributed to its low transaction costs and the…

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Blockchain oracles Chainlink and Polygon anticipate DeeStream’s debut while InQubeta disrupts the scene with its innovative AI investment model. Following the SEC’s recent Bitcoin ETF decision, the blockchain oracle landscape is abuzz. As anticipation builds for DeeStream (DST) among major players like Chainlink and Polygon, InQubeta (QUBE) emerges as a formidable competitor, offering a groundbreaking approach to AI investment. DeeStream: Revolutionizing streaming with blockchain technology DeeStream is turning heads in the streaming game, bringing a whole new level of…

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ADA fell by 26% in the past two weeks, from a high of $0.77 to a low of $0.57 ARB recorded an even sharper 35% correction, from a high of $2.25 to bottom out at $1.45 By contrast, BlockDAG secured $6.3M of investment in its presale The crypto market continues to trade in the red zone, with many altcoins facing corrections. Specifically, Cardano saw a significant 26% decrease in value over the past two weeks, leading to a cautious Cardano (ADA) price prediction. Similarly, Arbitrum’s price faces potential further declines due to an upcoming token unlock. On the flipside, the…

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Coinbase Exchange has filed to list Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin futures trading with the Commodity Futures Trading Commission (CFTC). The CFTC has not yet responded officially to the move and more importantly, has not opposed the filing made by Coinbase that seemed to fly under many radars until now. Coinbase goes down the self-certification route Coinbase’s letters of intent were sent to Christopher Kirkpatrick, CFTC Secretary, to go down the path of self-certification that shows the company doesn’t want to wait on official approval and can use the CFTC Regulation 40.2(a) to list these futures contracts. The…

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In the diverse landscape of cryptocurrency investments, where strategies and portfolios vary as widely as the tokens themselves, a fascinating trend has emerged among expert investors. Those holding Binance Coin (BNB), a cornerstone of the digital asset world, are increasingly adding Shiba Budz (BUDZ) to their investment mix. This deliberate strategy intertwines the stability and utility of Binance Coin (BNB) with the emerging potential and community-driven appeal of Shiba Budz (BUDZ), offering a glimpse into the nuanced investment approaches of seasoned cryptocurrency enthusiasts. Binance Coin (BNB): A Beacon of Reliability Binance Coin (BNB) has long been revered for its robust…

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The digital asset market appears to be returning to the green Thursday after steep declines ruled the early parts of the week. Among those is Ethereum, which has been revealed to be the subject of a US Securities and Exchange Commission (SEC) legal campaign to restate its security status. Yet, one crypto analyst has projected Ethereum to reach $5,000 amid the SEC opposition to ETH. Indeed, the asset is up more than 4% over the last 24 hours according to CoinMarketCap. Currently trading at $3,530, technical indicators are pointing to a potential rally gearing up for the asset. Moreover, voices…

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