TheBitcoinNews

Grand Cayman, Cayman Islands, May 16th, 2024, Chainwire

With the launch of Netki’s DeFi Sentinel on Sui, protocol developers can opt to screen transactions before finalization on the blockchain, easing a significant compliance burden

Today, Netki, a digital identity verification leader, announced the launch of their pioneering compliance oracle – DeFi Sentinel – on Sui, the Layer 1 blockchain and smart contract platform. The integration introduces an essential tool for developers that automates compliance within their protocols, allowing them to focus on shipping high-impact projects instead of spending time developing tools to meet complex, ever-changing regulations that often differ across jurisdictions.

Institutions are eager to engage with DeFi protocols and technology but need to ensure that all of their trades, and trading partners, meet their compliance standards. Until now, these institutional players have been forced to either trade in manually managed pools with limited liquidity and trading volume, or to avoid DeFi altogether. With DeFi Sentinel on Sui, developers can meet institutional as well as regulator requirements via a one-time integration.

DeFi Sentinel leverages Netki’s advanced technology to provide real-time KYC/AML, wallet screening, financial transaction monitoring, securities compliance, and tax compliance, all now integrated directly within the DeFi protocols on Sui that choose to implement the tool. The solution combines on-chain and off-chain data to ensure each transaction adheres to institutional risk, as well as regulatory standards.

Sui will also integrate Netki’s OnboardID, which, for protocols that enable it, enhances user onboarding and identity verification processes, reducing costs and simplifying compliance around the onramping process for Sui developers’ applications. Netki’s integration represents a significant advancement in making decentralized financial s safer and more accessible globally.

“DeFi protocols are poised to transform financial services by enhancing accessibility and transparency, but many of the best ideas fail to get off the ground due to compliance concerns,” said Evan Cheng, CEO of Mysten Labs, the original contributor to Sui. “Netki’s integration not only fortifies the security and compliance of transactions on Sui but also assures institutional and individual participants of their adherence to evolving regulatory requirements, and most importantly, gives developers the peace of mind to build with confidence.”

Netki’s DeFi compliance oracle is unique in the industry, enabling transaction-by-transaction compliance, which is crucial for institutional adoption of DeFi tools. With features like real-time name and wallet screening, the solution ensures that compliance and risk management are seamlessly integrated into the transaction flow without compromising the user experience or developer agility.

“By integrating DeFi Sentinel with Sui’s robust and scalable blockchain infrastructure, we are setting a new standard for safety and compliance in the DeFi space,” said Justin Newton, CEO of Netki. “We aim to enable the safe and widespread adoption of DeFi technologies, ensuring that developers can focus on innovation while evolving and expanding compliance requirements are effortlessly met.”

Contact

Sui Foundation
[email protected]

Abu Dhabi, Abu Dhabi, May 14th, 2024, Chainwire

Liminal Custody, a leading provider of digital asset custody and wallet infrastructure solutions, announced a landmark achievement today, the acquisition of Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). This prestigious license is a significant milestone in Liminal’s journey, solidifying its commitment to regulatory compliance and innovation within the burgeoning digital asset space.

Obtaining the FSP positions Liminal as a trusted partner for institutions seeking secure and compliant solutions for safeguarding their valuable digital assets. Notably, the license grants Liminal the ability to operate as a regulated custodian within the Middle East, a rapidly growing financial hub. This expansion broadens Liminal’s reach and allows it to serve a wider range of clientele seeking best-in-class digital asset custody solutions.

Building Trust Through Regulatory Compliance

Mahin Gupta, Founder of Liminal Custody, expressed his satisfaction with the achievement, stating, “We are honored to receive the ADGM FSP license. This accomplishment represents the culmination of significant effort on behalf of our entire team, all dedicated to upholding the highest regulatory standards. Building trust within the digital asset industry, which is undergoing rapid evolution, is a core tenet of our mission. The ADGM FSP license serves as a powerful validation of our commitment to compliance. We are confident that this achievement will further empower us to deliver best-in-class custody solutions to our clients, ensuring the continued security and integrity of their digital asset holdings.”

The Symbiosis of Compliance and Innovation

The digital asset industry is experiencing exponential growth, with a corresponding demand for regulatory clarity to foster long-term stability and mainstream adoption. Liminal believes that a robust regulatory framework, when coupled with continuous innovation, is the cornerstone for building a secure and thriving digital asset eco. By adhering to stringent regulations, Liminal ensures the safety and security of client assets, while its unwavering commitment to innovation allows it to develop cutting-edge solutions that address the evolving needs of the digital asset landscape. This two-pronged approach – prioritizing both regulatory compliance and technological advancement – positions Liminal as a leader in the digital asset custody space.

Commenting on Liminal achievement, Arvind Ramamurthy, Chief of Market Development at ADGM said: ” We congratulate Liminal on completing its licensing process and receiving the required Financial Services Permission (FSP) from the FSRA of ADGM. Liminal’s focus on regulatory compliance and innovative solutions in the space of digital assets aligns with ADGM’s vision for fostering a dynamic and trusted financial eco that prioritizes upholding the highest standards of security and innovation. We look forward to witness Liminal’s contribution to the growth of the digital asset industry in Abu Dhabi and beyond.”

Amir Tabch, CEO of Liminal Custody Middle East and Senior utive Officer of the Category 3C ADGM-regulated entity First Answer Middle East Limited, remarked: “Earning the ADGM FSP license is a clear indicator of Liminal’s ironclad dedication to compliance and innovation. This achievement not only positions us at the forefront of digital asset custody but also signals our pivotal role in its future evolution. By equally valuing regulatory compliance and technological progress, we aim to equip institutions with the confidence to explore the digital asset realm, tapping into its vast, transformative potential. This milestone is a springboard for Liminal’s continued growth and a significant contribution towards the digital asset industry’s maturity.”

About Liminal Custody

Liminal is a compliant and insured digital asset custody and wallet infrastructure provider that provides both MPC wallets and multi-sig wallets. Launched in April 2021, Liminal is a CCSS Level 3, SOC Type 2 and ISO 27001 & 27701 certified organization. Liminal is based in Singapore, has operations spread across APAC MENA and Europe, along with offices in Singapore, India and UAE

Liminal takes pride in supporting businesses with their qualified and insured digital asset custody platform, which enables stress-free safekeeping of digital assets for institutions. Liminal also provides a cutting edge wallet infrastructure platform that is secure, compliant and automated and comes with a plug-and-play architecture for faster onboarding of developers, business partners and government agencies

About Abu Dhabi Global Market (ADGM)

The Abu Dhabi Global Market (ADGM), an international financial center (IFC) located in Abu Dhabi, the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a comprehensive financial center, ADGM enhances Abu Dhabi’s stature as a global trade and business hub. It serves as a strategic connector between the burgeoning economies of the Middle East, Africa, and South Asia, and the rest of the world.

ADGM’s strategy leverages Abu Dhabi’s key strengths in areas such as private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability, and more. It comprises four independent authorities: the ADGM Authority, ADGM Courts, the Financial Services Regulatory Authority, and the Registration Authority. As an IFC, ADGM governs the entire 114 hectares (1.14 square kilometers) of Al Maryah Island, a designated financial free zone.

Contact

Sr. Manager – PR & Communications Akansha Sharma Liminal Custody [email protected]

The cryptocurrency market is abuzz with anticipation following Max Keiser’s bold prediction of a potential $220,000 surge in Bitcoin’s price. Keiser refers to this potential event as the “God Candle,” suggesting a massive influx of capital could create an unprecedented spike

While price predictions in the cryptocurrency world should always be taken with skepticism, Keiser’s forecast has sparked considerable interest in how such a Bitcoin surge would impact other cryptocurrencies.

What is a ‘God Candle’?

In crypto terminology, a “God Candle” refers to a dramatic and sustained price increase for a cryptocurrency, often sparked by major events or shifts in market sentiment

In this case, the predicted God Candle for Bitcoin investment is linked to the idea that institutional investors and sovereign wealth funds may soon significantly enter the market.

Altcoins to Watch in Light of the Prediction

While it’s impossible to say with certainty which altcoins would benefit most from a Bitcoin surge, here are some notable projects worth keeping an eye on, along with reasons why they might see substantial gains:

1. RCOF

RCOF, by RCO Finance, has strong fundamentals, with its growing eco of DeFi applications and significant potential for adoption in the Web3 space, making it an attractive option. Currently on presale for $0.0127 per token, RCOF has seen significant growth, with over 6 million tokens sold. With the first stage of the presale ending soon, RCOF’s price could significantly rise due to demand and Adoption of AI-powered tokens.

2. Ethereum (ETH)

Ethereum’s strong fundamentals and increasing adoption in the DeFi and NFT sectors make it a prime candidate for a significant price surge. Contrary to Bitcoin, known as a “decentralized currency,” Ethereum should be viewed as a distributed computing network

With a market cap of over $362.2 billion, Ethereum stands out among the more than 26,000 crypto assets available today, contributing significantly to the total market capitalization of $2.5 trillion.

3. Solana (SUN)

Solana’s fast transaction processing, low fees, and growing eco of DeFi applications make it an attractive option for investors seeking a high-growth in cryptocurrency future

Its recent price movements (about 587.1% in the past year) and market trends indicate it could experience a significant price surge driven by increasing adoption and demand.

4. XRP

XRP’s historical performance during similar market conditions, such as the 2017 cryptocurrency boom, suggests it could experience a massive price increase during this period

Despite its slow market growth compared to other cryptocurrencies, its recent market movements and analyst predictions indicate it could be poised for a significant upward trajectory during this period.

5. Polkadot (DOT)

Polkadot’s strong fundamentals, including its growing eco of DeFi applications and its potential for significant adoption in the Web3 space, make it an attractive option for investors

Its relatively low market capitalization compared to other major cryptocurrencies also increases its potential for significant price appreciation. According to Max Thake, co-founder of Peaq, there is a sustained demand for DOT from projects aiming to build on Polkadot.

Bottom Line

As the crypto market anticipates the potential of a “God Candle” event, getting the best opportunity can greatly maximize your gains

Among the myriad of altcoins available, more seasoned investors are settling on RCO Finance (RCOF) as a standout option, citing “several compelling reasons.” It has a robust infrastructure that offers unprecedented opportunities, and it integrates AI technology that is becoming vital in trading crypto and stock.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

Lisbon, Portugal, May 9th, 2024, Chainwire

Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world’s premier sports and entertainment blockchain, are partnering up to accelerate the adoption of onchain sport prediction markets. These efforts will allow millions of fans worldwide to further support and cheer for their favorite teams and athletes through fair and transparent prediction apps.

Chiliz Chain is renowned for its blockchain solutions that transform fan engagement in sports through features like fan tokens and interactive engagement platforms. Through its flagship venture Socios.com, the network has expanded significantly to support more than 80 sport-related fan tokens and 2M+ eco users. Team-specific fan tokens for the best football clubs, including FC Barcelona, Inter Milan, Juventus, Paris Saint-Germain, Manchester City, and many more, are all currently supported by Chiliz Chain through Socios.

The network leverages a Proof of Staked Authority (PoSA) consensus algorithm which allows smart contract developers, validators, stakers, and other stakeholders to actively interact with the chain. Chiliz Chain is built to power sports and entertainment applications with a focus on brand IP and project use-case integrity.

For Chiliz, partnering with Azuro represents a step toward tapping into the rapidly growing onchain prediction markets by the hand of the de facto infrastructure layer for sports prediction applications across EVM chains. Its innovative liquidity pool design, advanced tooling and oracle solutions allow apps to launch without upfront investment or running costs, enabling them to focus entirely on user acquisition, engagement and monetization from minute one.

Azuro’s robust platform, currently supports over 25 active applications with transaction volumes surpassing $290 million, offers an ideal environment for Chiliz to expand its offerings in the sports and entertainment sectors.

As part of this collaboration, Chiliz will be integrated into the Azuro Protocol, adding to the existing supported chains such as Polygon and Gnosis Chain. This integration will enable Chiliz to expand its reach within sports-focused prediction applications. New and existing builders relying on Azuro infrastructure will be able to connect their apps to the Chiliz Chain and allow their users to place transactions with the blockchain’s native token CHZ.

“Integrating with Azuro marks a pivotal move for Chiliz Chain to capitalize on the rapidly expanding onchain prediction market,” said Alexandre Dreyfus, CEO of Chiliz and Socios.com. “Leveraging Azuro’s advanced infrastructure, we’re empowering developers to innovate within the sports and gaming sectors.”

Rossen, a core contributor at Azuro, stated, “The onchain prediction markets have always been strongly tied to the sports and entertainment sector. Working alongside Chiliz Chain, the leading blockchain in this segment, feels like an obvious step for us. Azuro’s robust infrastructure will help expand Chiliz Chain’s usability within the fast-growing onchain prediction markets.”

Looking ahead, Azuro and Chiliz will be soon launching a co-sponsored grants program aimed at incentivizing app developers to build on their combined infrastructure. These initiatives, including bounties for the first apps, are designed to fuel further adoption of onchain prediction markets, and aligned with Azuro’s vision for setting new transparency and fairness standards.

About Azuro

Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps.

With its unique infrastructure layer approach Azuro makes on-chain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs.

For more information or press inquiries, please contact [email protected]

• Website:
• Docs:
• Github:
• Onchain activity:

About Chiliz

Chiliz is the home of SportFi, where sports brands meet decentralized opportunities. Its infrastructure is driven by the Chiliz Chain, the first Layer-1 EVM compatible blockchain for sports and entertainment which now has a diverse eco, fuelled by Chiliz native token CHZ. Its primary product on the Chiliz Chain, Socios.com, hosts a global community of over two million users, which makes it the largest non-finance/trading-centric Web3 consumer-facing product globally by user base. It hase partnerships with countless brands, including the giants of world sport such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, A.S. Roma and major F1 teams

• Website:

Contact

Azuro team [email protected]

Tokenization of assets is one of the narratives currently buzzing the blockchain industry and in the crypto ETF sector, with the likes of Boston Consulting Group projecting a $16 trillion value for tokenized real-world assets by 2030. While this looks like a long shot, a recent move by US-based asset management firm BlackRock could be the push needed to make this projection a reality

Amid all of this, one particular Crypto ETF trading platform, ETFSwap (ETFS), is set to enjoy the most growth, with immense promise for investors.

BlackRock Invests $47 Million In Securitize

On May 1, 2024, Securitize, one of the leading platforms spearheading the tokenization of assets, received $47 million in investment from titans in the traditional finance sector, led by asset management firm BlackRock. Others involved in this strategic investment include Hamilton Lane, Tradeweb Markets, and ParaFi Capital. This recent investment indicates the growing interest in the tokenization sector among the giants in TradFi and another step forward in BlackRock’s digital asset strategy.

The asset management firm had initially in March 2024 launched BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a tokenized fund built on the Ethereum (ETH) network to offer US dollar yields by leveraging blockchain technology. The BUIDL token was greeted with much optimism by other major financial firms in the industry and currently boasts $375 million in investment, with over $70 million inflows last week, according to data from rwa.xyz.

Securitize has also joined the BUIDL fund program to issue tokenized private credit funds. Further, the platform launched a that will regulate various securities’ trading, known as an alternative trading (ATS). As part of the investment deal, BlackRock’s global head of strategic eco partnership, Joseph Chalom, has been appointed to join the Securitize Board of Directors

While the effect of this investment and strategic partnership is yet to take hold in the tokenization sector fully, there is no doubt that this increasing interest in the industry could eventually drive a rally that will make its value explode to $16 trillion or even perhaps surpass it. Nevertheless, amidst this development, another platform leading the tokenization rally sprung up, capturing the attention of whale investors.

## ETFSwap (ETFS) Emerges As The Premier Crypto ETF Trading Platform

ETFswap (ETFS) is a crypto ETF trading platform that uses the tokenization of assets to create access to exchange-traded funds (ETFs) on the blockchain. The tokenized ETFs will be made available on its web3 marketplace, which is designed to accommodate crypto experts and newbies

As a direct representation of traditional ETFs, tokenized ETFs will allow traders to diversify their portfolio with several assets across various industries on a single interface. This cuts across crypto ETFs, healthcare, mining, and more. The platform will also allow users to track the progress of these assets before making trading decisions to minimize loss

Another exciting thing about this crypto ETF trading platform is its native token, ETFS, which serves as the key to unlocking all the features on the network. The token, which functions as a standard ERC-20 token, serves the purpose of utility and governance, enabling holders to participate in the decision-making on the network through voting

Currently, ETFswap is offering the ETFS token at a low price of $0.00854 per coin to crypto community members in its stage 1 presale. All participants of this current round will seal their chance of making an automatic profit when stage 2 starts at a higher price of $0.01831. Also, experts speculate a 10,000% surge in price that will soon take its price to the $1 mark, representing a 100x yield on investment for early investors.

As a cherry on top, all investors will increase their chances of benefiting from the $16 trillion projection for the tokenization sector. Savvy investors who know this are rushing to secure their share of this undervalued asset, taking the total number of tokens sold to $36 million. So what are you waiting for? Join the ETFswap (ETFS) presale today to be among the savvy investors who will benefit from a 100x yield when the token reaches its full potential

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

ChainSwap, the pioneering multi-chain decentralized exchange (DEX), has unveiled a groundbreaking feature that sets a new standard for decentralized finance (DeFi). Today, ChainSwap proudly announces the launch of its intra-chain swap capability, a monumental advancement in enabling seamless transactions across six major blockchain networks.

As the first of its kind, ChainSwap empowers users with the ability to seamlessly swap assets within the same blockchain, enhancing user retention and eliminating the need for multiple wallets across various chains. This revolutionary development revolutionizes the DeFi landscape, offering users unparalleled freedom to traverse across different chains within a single platform.

ChainSwap stands as the epitome of decentralization, providing a one-stop-shop solution for multi-chain swaps. Powered by cutting-edge Cross-Chain Interoperability Protocol (CCIP) technology, ChainSwap ensures smooth and secure transactions across all compatible blockchains, including Optimism, Ethereum, Arbitrum, Avalanche, Polygon, and Base.

With the launch of ChainSwap’s intra-chain swap functionality, users can now effortlessly exchange assets within their preferred blockchain, heralding a new era in digital asset transactions. This monumental achievement marks a significant milestone in the evolution of decentralized finance, propelling ChainSwap to the forefront of the industry.

About ChainSwap

ChainSwap is a platform at the forefront of Web3 innovation, facilitating seamless transactions across multiple blockchains, and servicing any blockchain where demand arises. Leveraging cutting-edge security protocols such as Chainlink’s CCIP, ChainSwap provides a secure layer 5 environment for cross-chain transactions. ChainSwap’s multi-chain DEX simplifies swaps, ensuring privacy and effortless token distribution within a unified eco, allowing users to eliminate the need for bridges and decentralized exchanges which do not provide cross-chain support. ChainSwap revolutionizes blockchain communication, enhancing chain interoperability and security to unprecedented levels.Discover more on Media Contact:

Yousef Alami- [email protected]

Moe Nabavi – [email protected]

London, United Kingdom, May 6th, 2024, Chainwire

GBM Auction (), the Bid-to-Earn Auction company, is thrilled to announce a historic collaboration event with Dr. Gavin Wood, co-founder of Ethereum and the founder of Polkadot and Kusama, to commemorate the 10th anniversary of the publication of the Ethereum yellow paper and the recent release of the JAM grey paper

This event will feature three auctions for iconic pieces of blockchain memorabilia, representing pivotal moments in the world of blockchain technology. The online auctions, hosted at are slated to commence on May 16th, 2024, during the ‘Decentralized Lugano’ conference in Switzerland and will run for seven days with the proceeds from these auctions supporting the DEC’s Ukraine Humanitarian Appeal: ().

This groundbreaking set of auctions will be hosted on the Moonbeam blockchain, a parachain on Polkadot, utilising Glimmer (GLMR), the native currency of the Moonbeam chain, for bidding.

The remarkable items to be auctioned are:

• An Ethereum yellow paper annotated and signed by Dr. Gavin Wood, featuring the EIP-150 revision version crucially addressing the aftermath of the infamous 2016 DAO hack attack.
• An original “Draft 1” version of the Polkadot white paper annotated and signed by Dr. Gavin Wood, presenting the vision for the Polkadot network protocol.
• A “Draft 0.1.0 Dubai” unreleased version of the JAM Grey Paper annotated and signed by Dr. Gavin Wood, of which only 200 copies were ever made and gifted to his inner circle by Dr. Wood himself. This Grey Paper introduces a visionary step towards a more scalable, efficient, and dynamic blockchain network.

Each item represents a unique piece of blockchain history, personally annotated and signed by the author and luminary who coined the universally recognised term “Web 3.0”. The auctions will be run by GBM Auction, known for its innovative Bid-to-Earn , which has revolutionised the auction experience for the blockchain space and seen over 70,000 auctions ho​​sted and $6M earned by bidders to date. GBM Auction’s Bid-to-Earn incentivises participation by rewarding bidders when they are outbid. This unique approach ensures an engaging and popular auction experience, benefiting both sellers and bidders alike

Hugo McDonaugh, co-founder of GBM Auction, expressed his enthusiasm for this unique opportunity to celebrate these three foundational steps in the journey of Ethereum, Polkadot and blockchain technology with this historic auction. “The Ethereum yellow paper laid the groundwork for a decentralised revolution that has reshaped industries and empowered millions worldwide. The Polkadot white paper introduced a vision for a scalable, interoperable multi-blockchain network, and the JAM grey paper addresses critical issues that have challenged previous decentralised s with a new protocol facilitating a more connected and coordinated eco”, said McDonaugh. “This auction is a tribute to the pioneers who contributed to Ethereum’s journey and a celebration of its enduring legacy ten years on”.

As a gesture of solidarity and support for those in need, Dr. Gavin Wood is donating the proceeds of the auction to the Ukraine Humanitarian Appeal of the Disasters Emergency Committee (DEC). The DEC provides essential assistance such as food, water, shelter, and healthcare to families in Ukraine and refugees in neighbouring countries. Known for its transparency, the DEC ensures that funds are utilised effectively to address the urgent needs of those affected by crises. GBM Auction invites esteemed technology and blockchain collectors to participate in this historic event while making a meaningful contribution to humanitarian efforts in Ukraine.

For more information about the auction and to find out how to participate, please visit

About GBM Auction

GBM Auction is the Bid-to-Earn Auction company. In a GBM Auction, there are only two outcomes, users either win the auction or they earn an incentive when they’re outbid. This model provides the best environment for bidders who get a rewarding and engaging experience whilst ensuring sellers get the true market value for their assets. GBM Auction has been active since 2018 and has seen over 70,000 auctions completed and $6m earned by bidders to date.

Contact

Head of Marketing Jake Scott GBM Auctions [email protected]

Eigenlayer, the star project in Ethereum Restaking, is set to open its airdrop for collection on May 10th. BingX Exchange will ly list Eigenlayer’s token $EIGEN, allowing users to trade it right away.

Eigenlayer stands out as the largest Restaking project on Ethereum in 2024. Although Bitcoin priceis down recently, the listing of $EIGEN will benefit Ethereum price. Unlike other Restaking projects, Eigenlayer offers higher security and better compatibility, enabling various public chains to share Ethereum’s secure nodes. The benefits include:

1. New public chain projects can share security without the need to incur substantial costs in setting up nodes.
2. Users wishing to mine by setting up nodes do not need the 32 ETH requirement but can participate with a smaller amount of ETH.
3. Liquidity of Ethereum staked in nodes can be released for use in other project developments.

Currently, Eigenlayer supports Restaking for tokens from 12 Ethereum projects. Tokens staked on these 12 projects can be used by other users. For example, staking ETH on the Renzo Protocol to earn RzETH allows users to stake RzETH on other chains or trade with it. The exchange rate between RzETH and ETH is 1:1.

The airdrop distribution for Eigenlayer is based on points earned by staking on these 12 projects. The off-exchange trading price for points of EigenLayer is currently $0.165 per point. An estimated 4.5 billion Eigenlayer tokens will be distributed in the airdrop, equivalent to $740 million in $EIGEN tokens. According to BingX’s Eigenlayer Priceestimation and analysis, there is a high likelihood of price pressure on the Eigenlayer token after listing. Investors who did not participate in the Eigenlayer airdrop can refer to Eigenlayer Valuation to determine the optimal entry price on BingX.

About BingX

Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.

London, United Kingdom, May 2nd, 2024, Chainwire

AI-powered Telegram trading bot, Bitbot, has surged past the $3M mark in its presale after outlining its updated product offering. Bitbot now includes a layer of AI development on its blockchain analysis tool, Gem Scanner. The project has hurtled into stage 12 of its short 15-stage presale due to end this quarter, at which point the BITBOT token will be unleashed upon the open market

The Bitbot community now numbers over 140k, with 110k+ followers on X and a Telegram channel approaching 30k. Bitbot’s team hopes to convert a good portion of this into paying customers when the product launches this year.

The presale has been supported by Bitbot’s recent rebrand, which includes a new website with updated visuals and, most crucially, a spotlight on Bitbot’s AI features. Bitbot’s team is optimistic that investing in AI to boost its trading engine is one of the factors likely driving the heightened interest in the presale.

Bitbot is establishing its status as a game-changing project by offering the world’s first non-custodial Telegram trading platform, ensuring users’ funds only transfer once trades are complete. This is combined with an arsenal of AI trading weapons that give retail investors the firepower they need when competing against the institutions

Bitbot (BITBOT) is available to buy on the official site**.**

Gem Scanner: merging AI with on-chain analysis

Powered by Bitbot’s proprietary AI, the Gem Scanner aims to uncover undervalued, low-cap tokens with the potential to achieve multi-digit rallies.

The Gem Scanner scours top data aggregators such as DEX Screener and Birdeye while combining social media feeds to make predictions based on both market data and audience sentiment.

This productivity-boosting tech eliminates the reliance on conducting hours of meticulous market analysis. It will typically appeal to retail traders and therefore help drive production adoption. With this offering, the team hopes to see Bitbot take market share away from key competitors Banana Gun and Maestro over the coming year.

AI and blockchain are on the rise

Tech stalwarts Google and Microsoft both enjoyed AI-driven stock price surges recently, with Reuters reporting spikes of 10% and 2%, respectively

And with demand for AI features outstripping capacity to supply the market, the industry appears poised for sustained growth. This is supported by sector predictions, which lay out an expected compounded annual growth rate (CAGR) of 28.4% per year until 2030.

Blockchain offers a similar story, with a CAGR of 24% projected. AI crypto tokens are currently valued at just under $20 billion, with a daily trading volume of around $900 million, according to CoinGecko.

Bitbot has repositioned itself to meet this growing demand for AI in the crypto market by offering a range of advanced technologies.

Speaking on the decision to refocus efforts towards AI capabilities, Bitbot’s Technical Product Officer, Andrew Jacobs, said:

“Our mission has always been to give our users the tools that have enabled institutions to dominate financial markets, and the benefits our AI offers are the best equalizer we’ve seen on the market so far. Plus, AI positioning is currently generating great returns for many projects in the space, and we predict BITBOT holders will feel the benefit of this.”

Bitbot’s exciting market outlook

With its enhanced focus on AI, Bitbot is positioned to engage with the increasing interest in AI projects. The market has observed notable activity, such as the performance of BitTensor (TAO), an AI coin which experienced significant price changes, rising from $34 last year to $757 in March.

Within the Telegram bot sector, there is plenty of precedent for strong performance as well. Competitors like Banana Gun have experienced 200% rallies in just six months, and in early April, they saw 80x gains from early presale price. With its enhanced security and AI iterations on these first-generation products, the Bitbot team is optimistic about surpassing these results.

About Bitbot

Bitbot is a new AI Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features, including sniping and copy trading.

Audited by Solid Proof, Bitbot focuses on security and follows the motto, “Your keys, Your wallet, Your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rug technology.

For more information, users can visit the website**.**

Official Website | Whitepaper | Socials

Bitbot is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Bitbot Press Team Bitbot [email protected]