manadia has integrated with Conflux Network. The collaboration connects scalable Layer 1 blockchain infrastructure with on-chain data layers, addressing a real problem in Web3. Decentralized ecosystems have spent years optimizing throughput, but throughput alone doesn’t solve the bigger challenge of securely connecting users, applications, and economies across regions at scale.
Conflux Network handles the infrastructure side. manadia handles the data side. Together, they’re pushing toward verifiable and interoperable value generation across decentralized economies.
What Conflux Network Actually Brings Conflux Network operates as a high-performance Layer 1 powered by a hybrid PoW/PoS architecture. The design makes blockchain coordination fast, cheap, and secure while bridging global and Asian Web3 markets.
That regional bridge matters. Most chains struggle with real cross-regional adoption, and Conflux has reach into Asian markets that others can’t easily access.
The hybrid consensus design of the platform handles security and scaling in ways pure PoW or pure PoS architectures often can’t.
Conflux has been running this infrastructure at production scale for years, which makes it a credible partner for projects that need real performance rather than testnet promises.
manadia x Conflux Network What the Integration Unlocks Before this integration, on-chain ecosystem activity stayed fragmented. Users interacted with applications, transactions happened, value moved, but the data sat in silos that couldn’t easily be combined into useful signals. Manadia’s Potion app changes that.
Now ecosystem activity becomes structured data tied to real network participation, user interaction, and execution outcomes. That structure matters for building applications that respond to what users actually do rather than what they claim to do.
Reputation systems, reward distribution, agent coordination, and analytics all work better when the underlying data is structured rather than scattered across raw transaction logs.
How Users Can Try It Now The integration goes live with a Conflux Network quest on manadia’s Potion app. Users can head to app.mana.app , find the quest, and start exploring the ecosystem.
Interacting with Conflux through Potion earns rewards along the way. The quest format makes the integration practical to test immediately rather than waiting for downstream applications to ship.
For users who want to actually understand what the partnership does, the quest is the fastest way. Click through, interact, see how on-chain activity gets captured as structured signals, and earn for participating.
What’s Ahead Decentralized economies don’t just need to operate. They need to generate value that can be verified and moved across boundaries. That’s the framing both teams are using, and it reflects where Web3 infrastructure is actually heading.
Throughput got solved. The next problem is making on-chain activity legible, interoperable, and economically useful at scale.
manadia and Conflux Network just integrated. Conflux brings high-performance Layer 1 infrastructure with hybrid PoW/PoS consensus and reach across global and Asian Web3 markets. Potion app brings the data layer that turns ecosystem activity into structured signals.
The Conflux Network quest is live on Potion right now at app.mana.app. Decentralized economies don’t just need throughput anymore. They need infrastructure that captures real participation as verifiable, interoperable value.
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With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Conflux Network, a public L1 blockchain, has partnered with Fireblocks, a top digital asset infrastructure provider for institutions. The partnership endeavors to fortify institutional-level blockchain operations. As Conflux Network disclosed in its announcement, the initiative attempts to advance secure management of assets while also pushing forward compliant adoption of the Web3 technology across worldwide markets. Thus, the joint move will permit institutions to manage Conflux-native assets through reliable infrastructure while leveraging improved governance controls.
We're happy to announce we've partnered with @FireblocksHQ.
Fireblocks secures over $14 trillion in digital asset transactions for more than 2,400 institutions worldwide.https://t.co/7jeI5Z3r3q
Institutions can onboard and manage Conflux-based assets right inside the systems…
— Conflux Network Official (@Conflux_Network) June 11, 2026 Conflux Network and Fireblocks Join Forces to Advance Digital Asset Infrastructure for Institutions In partnership with Fireblocks, Conflux Network is strengthening digital asset management for institutional users along with expanding Web3 adoption. Particularly, Conflux is welcoming Fireblocks as an official digital asset infrastructure provider. In this respect, Fireblock, which accounts for over $14T in total digital asset transfers for more than 2,400 entities worldwide, will deliver cutting-edge treasury and custody solutions.
Hence, Conflux will utilize the Multi-Party Computation (MPC)-focused custody and wallet technology of Fireblocks. This development is poised to assist Conflux in securely managing treasury operations parallel to maintaining complete control over digital assets. Additionally, the MPC technology removes the dependence on single points of failure with the distribution of critical management liabilities across diverse parties.
Keeping this in view, the treasury management protocol of Fireblocks lets Conflux access exclusive functional controls, comprehensive audit trails, and policy enforcement capabilities. Additionally, the joint effort will endeavor to broaden institutional utilities across different new blockchain sectors, such as institutional asset management, RWA tokenization, cross-border payments, and stablecoin settlement. While discussing this, Fireblocks’ Head of APAC, Amy Zhang, asserted that the partnership will permit Conflux to assist in the creation of a basis for entities to effectively work and grow in the on-chain setting.
Enabling Convenient Integration of Conventional Finance into On-Chain Financial Networks Moreover, Conflux’s Global Expansion Lead, Christian Oertel, mentioned that the access to the institutional ecosystem of Fireblocks can minimize the barriers that organizations face while entering the Conflux network. At the same time, the executive added, the move encourages broader adoption of regulatory-compliant blockchain applications. Ultimately, this collaboration reflects a shift toward increasing the transferability, manageability, and security of digital assets and their integration into conventional financial systems.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
2 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
2 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
2 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
2 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
2 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
Radix, a decentralized finance entity offering a complete stack concerning Web3 development, has announced an exclusive development. As per the platform, it is unveiling its latest project “Radix Foundry Program” to incubate decentralized applications in high-potential groups to elevate growth in on-chain activity and users. The company took to its official X account to disclose the release of the latest initiative.
Introducing the Radix Foundry Program 🔥
This program incubates dApps in high-potential categories to drive significant growth in users and on-chain activity in the Radix ecosystem
Teams can receive up to $250k in funding to bring their vision to lifehttps://t.co/dLq4zNBiiz pic.twitter.com/LqjUcujXVR
— Radix – Radically Different DeFi (@radixdlt) May 31, 2024 Radix Releases the Radix Foundry Program, Incubating dApps to Elevate On-Chain Activity In addition to the announcement of the project on X, it also published a blog post to provide details. It pointed out that within 9 months following the Babylon upgrade many entities have collected significant total value locked. It added that these entities take into account the decentralized exchanges like DeFi Plaza, Ociswap and money markets like WEFT. The respective platforms have reportedly gathered a TVL of above $30M.
In addition to this, decentralized apps like XRD Domains, Trove, and ShardSpace offer the finest experience for Web3 users. Along with that, Hug, Early, and other such meme tokens have attracted more users to the Radix ecosystem. Keeping that in view, the platform is unveiling the Radix Foundry to further the above-mentioned successes. The company brought to the front that the project focuses on incubation of the dApps among high-potential classes.
According to the platform, this development will potentially drive substantial user growth along with on-chain activity and TVL. The projects taking part in the new endeavor will reportedly get technical, business, and marketing support. In addition to offering support, RDX Works will also provide funding of nearly $250 to the participants.
The New Project Targets Fulfilling User Requirements While discussing the high-potential dApp classes, the platform disclosed up to 4 user objectives. It asserted that crypto consumers chiefly intend to hold and send value to others across the globe. The 2nd user requirement deals with the availability of liquid markets for token trading. Additionally, the users also want to earn profits on capital.
Moreover, they also intend to do all this for entertainment purposes. To meet such demands, the Radix Foundry invites proposals from all the projects in several categories. These categories include liquid staking and restaking, stablecoins and collateralized debt position, launchpad, NFT professional trading, and yield derivatives. They also include real-world assets as well as borrowing and lending money markets.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Copper, a prominent provider of digital asset custody and prime services, has announced the integration of Radix into its robust custody solutions. This development marks a significant step for Copper in diversifying its offerings to institutional clients, who are increasingly interested in the vast potentials of the Web3 and decentralized finance (DeFi) spaces.
Innovative Custody Solutions Meeting Institutional Needs Copper’s institutional custody services are tailored to meet the stringent requirements of large-scale asset management, including those of hedge funds and banks. With over $50 billion in monthly notional trading volume, Copper’s infrastructure supports more than 600 digital assets.
The firm’s clients include major financial players such as Brevan Howard Digital and 21Shares, demonstrating Copper’s pivotal role in securing institutional entry into the cryptocurrency market. These services ensure compliance with rigorous regulatory standards for asset security, reporting, and operational transparency, essential for institutional participation in the digital asset space.
Radix is recognized for its decentralized network designed to optimize the user and developer experience across Web3 and DeFi applications. By incorporating Radix (XRD) into its custody services, Copper not only widens its asset offerings but also leverages Radix’s innovative technology to enhance operational efficiency and security.
Radix’s technology, particularly its user-friendly features in the Radix Wallet, such as Smart Accounts and secure transaction reviews, aligns with Copper’s commitment to providing a seamless and secure user experience.
Partnership for Broader Access The integration with Radix allows Copper to offer its institutional clients a gateway to the Radix network, known for its intuitive operational framework and secure transaction protocols. This partnership enables institutions to engage more profoundly with blockchain technology, facilitating safe and efficient interactions within the Web3 ecosystem.
The collaboration is expected to attract more institutional investors to the Radix platform, providing them with innovative tools and technologies to navigate the digital asset space effectively.
Looking forward, the partnership between Copper and Radix is set to expand the horizons for both entities within the blockchain sector. For Copper, this integration enhances its capability to offer differentiated services tailored to the specific needs of institutional clients. For Radix, association with a leading custody provider like Copper not only validates its technological offerings but also increases its visibility and usability among significant financial players.
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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Onboarding new users to Web3 platforms can be challenging; even experienced crypto users can find the process of getting to grips with the unique quirks of decentralized finance (DeFi) platforms a struggle—to say nothing of newcomers.
DeFi network Radix has created RadQuest, a gamified onboarding platform, to tackle the problem head on. That meant thinking “from the ground up,” about what it means to bring in both crypto-experienced users and people who are new to Web3, RDX Works Chief Product Officer Matthew Hine told Decrypt.
Above all, the onboarding process had to feel “relevant to them, not just like an info dump,” Hine explained.
RadQuest, he said, focuses on, “giving them opportunity, giving them cool, fun things that they can do that they couldn't do before,” and showcasing the Radix ecosystem’s unique features, including human-readable transactions and its Persona system.
Upon opening the app on desktop or mobile, users are presented with cards showcasing basic and advanced quests. RadQuest’s friendly mascot, Jetty, guides users through the process of setting up a wallet, staking Radix’s XRD token and using decentralized exchanges (DEXs).
Image: RadixIt’s all made possible by Radix’s simple, user-friendly interface; upon setting up and connecting your Radix Wallet, you’re invited to log in using a Persona—a Passkey-like login that’s fully decentralized and secured by the Radix Network.
Other quests showcase tools like JettySwap, an exchange for “toy assets” that lets users “experience the things that you can use on a real DEX,” and Radix’s human-readable transactions. This feature does away with complex interfaces and hurdles such as blind signing and public keys, presenting the steps of a transaction in a clear, comprehensible summary view.
Image: Radix“None of the transaction summary information in the wallet relies on trusting RadQuest,” Hine said. “It’s just parsing the actual transaction that's going to be submitted to the network—and that’s not special to RadQuests. All the transactions you do on the Radix Network are that human readable.”
It’s RadMorphin’ timeThe centerpiece of RadQuest’s gamified onboarding process is RadMorphs, an NFT reward that users generate after completing quests to earn gift boxes containing Morph Energy Cards and Elements.
“They’re these cool 3D crystalline structures that are generated algorithmically,” Hine said.
Designed with the help of ustwo, the game studio behind iOS hit ‘Monument Valley,’, RadMorphs are created by users combining earned Elements and Morph Energy Cards within the user-friendly RadQuest interface. Fine tuning of the NFT game mechanics was done in collaboration with a game economics specialist who has previously worked on titles including like Magic: The Gathering.
Image: RadixThe aim, Hine explained, was to create a customizable, interactive NFT, rather than “a system where you get one and think, ‘Alright, here's a PFP, and that's all it does.’”
“We have this really nice metadata system that allows you to view everything about your RadQuest assets in a very fun, friendly way for users,” he added. That includes an automatic in-wallet view of the NFTs that shows users the “quality” of the NFT, and other interesting specs.
“When you're creating your RadMorph, you're going do it through actual on-ledger interactions with the smart contract using all the cool features that Radix has,” Hine said. “RadQuest puts you hands-on with what Web3 assets can really mean, even outside the applications you're using.”
Image: RadixThe aim of the platform is for crypto newcomers to feel that “Web3 isn't just craziness, it’s actually something that I can engage with, it's accessible to me,” Hine said. For crypto veterans, meanwhile, RadQuest showcases the Radix ecosystem’s unique features in an accessible way. Hopefully, said Hine, Web3 natives will come away thinking that, “The way Radix is doing this really is as radically better as we’ve been talking about after years of work.”
“We’re at this really nice point where we've got a growing ecosystem of applications, we can start adding more quests here that introduce some of those applications, and introduce people to the advantages of Radix,” he said, adding that, “This is our coming out to the rest of the crypto ecosystem.”
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On July 30, 2024, Radix is set to launch RadQuest, a new user onboarding platform aimed at enhancing the Web3 experience
On July 30, 2024, Radix is set to launch RadQuest, a new user onboarding platform aimed at enhancing the Web3 experience.
The platform is designed to make it easier for users to earn their first tokens without needing to deposit money. RadQuest will reward users for everyday activities and integrate with products they already use.
This initiative by RadixDLT aims to create a more user-friendly and engaging way to gain experience with its protocol.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
A new gamified onboarding platform is here to help onboard the next generation of Web3 users.
Radix has launched RadQuest, a mobile-ready Web3 experience designed to make Blockchain accessible to anyone.
Onboarding has been a challenge for Web3 since its inception, many newcomers feel intimidated and overwhelmed by the heavy use of technical jargon and complexity of the user experience, and in many cases abandoned their Web3 journey before it starts.
Radix, a layer-1 protocol known for its innovative approach to blockchain scalability, security and user experience, addresses this issue directly. Collaborating with ustwo, creators of the award-winning game Monument Valley, Radix has transformed the Web3 learning process into an engaging, rewarding adventure.
Learning by Doing RadQuest features interactive “quests” that guide users through key features of the Radix network. By completing these quests, users gain hands-on experience with essential functionalities, such as human-readable transactions, network staking, and DEXs built using Radix’s Scrypto smart contract language.
This practical approach ensures users actively engage with blockchain concepts rather than merely reading about them. It contrasts sharply with traditional onboarding methods that often rely on dense documentation.
“RadQuest is not just about increasing wallet numbers or transaction volumes,” explains Adam Simmons, CMO of Radix. “It’s about educating users on Radix’s superior Web3 experience in a fun, rewarding, and repeatable way.”
Jetty, a friendly digital companion, guides users through their Web3 journey on RadQuest, helping them set up accounts, stake XRD, use DEXs, and more. Jetty makes the onboarding process engaging and less intimidating.
As users progress through RadQuest, Jetty will reward them with $20 in XRD and special (tradeable) on-chain assets which can be used to craft rare NFTs exclusive to RadQuest – RadMorphs.
The special assets are called Elements, Gems and Morph Energy Cards and are given to users by Jetty as rewards via Gift Boxes of varying levels. The quality of Gift Box determines the likelihood of receiving rarer Morph Energy Cards.
Mobile-First for Modern Users Recognizing the importance of seamless mobile experiences, RadQuest is fully optimized for mobile devices. Users can interact with Radix dApps directly from their phone’s browser or connect to a desktop browser. This mobile-first approach builds on recent updates to the Radix Wallet, enabling full mobile use of dApps and breaking down significant barriers to entry.
Beyond education, RadQuest showcases Radix’s unique solutions to common blockchain challenges. Users experience firsthand the benefits of Radix’s innovations, including:
Transaction Manifests and Reviews: These features enable truly human-readable transactions with guaranteed outcomes, eliminating the guesswork from crypto interactions. Asset-Oriented “Radix Engine”: This virtual machine ensures all assets have clear and predictable behavior, easily displayed in Radix Wallet without needing custom tokens. Persona System: By separating “who you are” from “what you own,” Radix enhances security and identity management within the ecosystem. Building on Recent Successes RadQuest, designed for individual users, also significantly benefits developers on the Radix network by providing a standardized onboarding tool, freeing them to focus on creating innovative applications.
Radix’s recent initiatives including a $10 million ecosystem fund, SuperStaking, Project Ignition and Token Trek, successfully boosted total value locked (TVL) and ecosystem activity. Project Ignition significantly increased Radix’s TVL by 76% in just two weeks, adding $20 million.
SuperStaking, was fully subscribed within 90 minutes, contributing an additional $7.5 million in TVL. The latest community engagement campaign, Token Trek, helped the Radix Wallet surpass 100,000 downloads and increased monthly on-chain transactions to 330,196.
Radix’s dApps, such as CaviarNine, Ociswap, Trove, Weft Finance and DefiPlaza have further helped the network accumulate over $30 million in TVL, highlighting its capability to offer a radically better Web3 experience.
Looking forward, Radix plans to introduce features like decentralized, seed-phrase-free user experiences and multi-factor authentication, which may set new industry standards and reinforce Radix’s leadership in user-centric blockchain technology.
Join the Quest Ready to embark on your Web3 adventure? Visit radquest.io and start your journey today. There’s also a referral program where inviting friends and family to join RadQuest rewards both parties with an extra $1 to start their Radix journey.
As blockchain technology continues to evolve, platforms like RadQuest are crucial for widespread adoption. By combining education, gamification, and real-world utility, Radix is not just onboarding users – it’s cultivating the next generation of blockchain enthusiasts and builders.
For more information, visit: RadQuest
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RadQuest by Radix promises to transform DeFi onboarding with interactive quests and rewards, making decentralized finance accessible to all.
Published: July 31, 2024 │ 6:00 PM GMT
Created by Kornelija Poderskytė from DailyCoin
Radix launches a gamified DeFi onboarding experience. Users earn rewards by learning about DeFi. More features are planned, including major events. Decentralized finance (DeFi) promises to revolutionize finance, offering services without traditional intermediaries like banks. However, most platforms are complex, which deters potential users, especially those new to the space.
Radix, a leading DeFi network, aims to bridge this gap with RadQuest, a platform that simplifies DeFi for newcomers. By using gamification and rewards, RadQuest hopes to attract new users to DeFi.
Radix Launches RadQuest to Simplify DeFi OnboardingAs new users struggle to get into DeFi, platforms do whatever they can to simplify the process. On Tuesday, July 30, Radix unveiled RadQuest, a platform to gamify DeFi’s onboarding experience. The platform offers an interactive process to engage and learn about DeFi, catered to new users.
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RadQuest addresses the common challenges of DeFi onboarding, such as technical jargon and complex interfaces. Radix unveiled its solution in the form of a new mascot, Jetty, which will guide users through essential tasks in DeFi. Jetty will help users set up a Radix Wallet, create a Persona, stake XRD, and use a decentralized exchange (DEX).
Completing quests rewards users with XRD tokens and gift boxes containing tradeable on-chain items. Users can combine these to create which can be combined to create unique NFTs called RadMorphs. By combining gamification and rewards, Radix hopes to make DeFi more accessible to new users.
New Users Find DeFi Intimidating Many users find DeFi platforms intimidating. Challenges include a lot of technical jargon and complex interfaces, making it difficult for new users to engage. What is more, users also run the risk of making irreversible, costly mistakes due to the decentralized nature of DeFi. These challenges discourage potential users from engaging with DeFi.
For that reason, RadQuest aims to address some of these issues. The gamified process aims to help new users across the critical first step in engaging with DeFi. This is a part of Radix’s broader strategy to drive mainstream adoption of DeFi.
The strategy includes significant upcoming developments, such as integrating MayaChain for seamless asset transfers. The company will also participate in major industry events like Token2049 in Singapore and the European Blockchain Convention to bring DeFi closer to even more users.
On the Flipside Attracting and retaining users for DeFi platforms is complex and requires a simple user experience at every step of the user journey. High gas fees are one factor that deters DeFi accessibility. Due to its low fees, scalable chains like Solana have seen increased adoption rates recently, especially in the memecoin market. Why This MattersRadQuest aims to tackle the important issue of making DeFi accessible to a broader audience. By simplifying the onboarding process and offering tangible rewards, Radix hopes to drive the mainstream adoption of DeFi.
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August 29, 2024
RDX Works, the creators behind the Radix DeFi platform, have implemented a 15% workforce reduction. CEO Piers Ridyard announced this decision via Telegram on Thursday, saying the move is part of a strategic initiative to cut costs.
He said these layoffs are crucial to a broader strategy involving significant organizational changes. As a result, the company is refocusing its direction, aiming to optimize operations and possibly adapt to new market dynamics.
CEO Assures Key Radix Projects Will Stay On Track Despite ChangesRidyard insisted that key projects at RDX, such as Flash Liquidity, the Cassandra test network, and multifactor account persona control and recovery (MFA), will not likely be impacted under the recent changes. The Flash Liquidity initiative aims to increase liquidity across the Radix network, which will help to reduce slippage and fees.
However, he did acknowledge that there could be some short-term disruptions in familiar contacts or interactions with RDX Works.
Babylon Upgrade and Strategic Partnerships Drive Radix’s MissionRadix is a Layer-1 protocol designer to improve scalability, security and user-friendliness for DeFi and Web3 applications.
In Sept. 2023, Radix executed the Babylon Upgrade, marking an advancement in its network’s development. The goal was to improve experiences for both users and developers in DeFi and Web3. A key highlight of this upgrade was the Radix Wallet launch for iOS and Android.
Recent discussions about Radix highlight its proactive measures to boost liquidity and promote ecosystem growth. Notably, Radix has created a 1.5 billion $XRD endowment fund. This fund is specifically aimed at enhancing tokenomics and expanding the network’s ecosystem.
The staff layoffs closely follow a newly announced partnership deal. On Aug. 27, RDX revealed that it had formed a strategic development partnership. This collaboration includes digital asset market maker Keyrock, asset manager G-20, and crypto high-frequency trading firm Portofino. Together, they aim to bring liquidity to the Radix ecosystem.
The Maya Protocol has been successfully integrated with Radix, which enables trustless asset exchanges across multiple chains and unlocks new pathways for tokens of value (TVL) from supported chains to flow into the Radix ecosystem.
Maya Protocol is a friendly fork of THORChain that allows users to swap assets cross-chain, for example, swapping USDC on Ethereum to XRD on Radix. It harnesses cross-chain liquidity and directly manages funds through on-chain vaults, bolstering security through economic incentives and robust mechanisms. Averaging 4 million USD of trading volume daily, Maya protocol provides a new entrance point for native crypto users to onboard to Radix and explore the ecosystem.
More About This Partnership Between Radix & Maya Radix DLT is a decentralized finance platform that provides a full stack for Web3 development. It offers a user-friendly Radix Wallet, Scrypto programming language, and Radix Engine for secure dApp development. Its Cerberus consensus algorithm ensures scalability and security, catering to developers and users in the DeFi and Web3 space.
After receiving a positive vote from the community of decentralized MAYANode operators, the collaboration between Maya and Radix has been completed. Users of Maya Protocol and Radix can now swap assets across chains in a trustworthy manner, which opens up new pathways for the $63 billion worth of tokens of value (TVL) that are now on chains supported by Maya Protocol to flow into Radix.
By allowing more users and assets to flow into Radix, the Maya Protocol integration will provide decentralized applications built on Radix with additional capacity for expansion. This solution will increase key network measures, including TVL, weekly transactions, user acquisition, and retention.
The expansion of access for users from other chains to seamlessly bridge their assets into and out of the Radix ecosystem has been a critical objective for Radix, and this integration represents a significant milestone for the company.
For the first time, the new Maya Protocol integration can be utilized through CacaoSwap. Radix customers can effortlessly exchange critical assets such as native Bitcoin and Ethereum, USDT/C on Ethereum, Arbitrum, Avalanche, and other cryptocurrencies.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Unstoppable Domains and Radix Launch DNS-Compatible Web3 Domains
Sead Fadilpašić
Journalist
Sead Fadilpašić
Part of the Team Since
Jan 2018
About Author
Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...
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Last updated:
September 12, 2024
Popular on-chain domain name provider and digital identity platform Unstoppable Domains has partnered with Radix, the registry of Top-Level Domains (TLDs), to provide support for .pw domains.
The move, according to the press release, bridges the gap between traditional Domain Name System (DNS) and tokenized blockchain domains.
More specifically, the .pw extension brings on-chain domains into the mainstream with full browser compatibility and search engine visibility.
Radix is one of the world’s largest registries of new domain extensions, with ten new extensions, including .online, .store, .tech, .website, .space, .press, .site, .host, .fun, and .uno, and one repurposed country code top-level domain (ccTLD), .pw.
It is also an active participant in the Internet Corporation for Assigned Names and Numbers (ICANN) process to expand the Internet naming system.
The team enables users to get “short, memorable, and descriptive domain names that can be used for a website, email address, or a variety of other internet addressing purposes.”
What is @radixdlt?
🔹Radix is an L1 specialized for DeFi applications, providing a foundation for building secure and scalable dApps
🔸Offers Scrypto, an asset-oriented programming language, and the Radix Engine, designed for easy creation of financial applications! $XRD pic.twitter.com/To2xQajQgV
— House of Chimera (@HouseofChimera) September 6, 2024 Therefore, the partnership aims to expand the pool of user-owned domains that are identical across the web, the teams stated.
This will allow companies, brands, and regular people to fully utilize the benefits of blockchain-based domains.
Notably, they stay on the existing Internet infrastructure while doing so.
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DNS and On-chain Domain in OneThe public wallet .pw extension is both a DNS and an on-chain domain, the announcement explains.
Thanks to this, said the team, it stands out in “the crowded domain landscape by offering the best of both worlds.”
Moreover, .pw domains can be traditionally DNS-hosted, unlike non-DNS-enabled on-chain domains.
This feature allows these domains to resolve in standard web browsers and appear in search engine results.
Furthermore, community members can host decentralized websites and set up personalized email addresses, enjoying “the full spectrum of both traditional DNS and on-chain capabilities.”
According to the announcement, .pw domains come with the full suite of blockchain functionalities.
They can serve as a unique digital identifier that people can utilize to create their own immutable digital profiles.
Lastly, but importantly, they also “open the door to a decentralized ecosystem.”
The domains can enable sending and receiving cryptocurrencies, logging into all 865 integrated dapps on Unstoppable Domains, receiving collectible badges, privately messaging other domain holders, and more.
🌐 Unstoppable Domains: Official @ICANN Accredited Registrar with Innovative Onchain Solutions
As the largest onchain registrar, we’re proud to roll out a comprehensive suite of products for the domain industry. #Web3 #Domains pic.twitter.com/0YcDL5pLhs
— Unstoppable Domains (@unstoppableweb) August 14, 2024 “We find that both of our visions align nicely, as we both want to expand the world of top-level domains and allow brands, businesses, and individuals the ability to control their footprint on the internet,” said Suman Das, Radix’s Sr Vice President, Marketing and Brand Strategy.
The two teams together are “paving the way for something extraordinary,” he said – a more decentralized and user-centric internet “where digital identity and ownership are paramount.”
Per Sandy Carter, Chief Operating Officer at Unstoppable Domains, this partnership is not just about launching a new domain extension. Rather, it’s also about “creating a seamless digital experience that empowers users across all ecosystems.”
Morpher, a leading trading platform, has announced the integration of its oracle services with the Radix Network. The platform will provide low-latency, real-time data feeds for a variety of markets, including stocks, cryptocurrencies, and forex. This move aims to solve issues faced by traditional oracles, such as limited data, delayed updates, and single points of failure.
The Morpher Oracle employs a pull-based on-chain attestation system, allowing users to access verified, tamper-proof data directly from the blockchain. Unlike traditional oracles that automatically push data, Morpher’s system enables users to request specific data when needed, enhancing security and accuracy. This method ensures that the data is stored on the ledger, making it secure and resistant to tampering.
Morpher’s integration with Radix furthers its mission to democratize access to financial markets. With over 55,000 active portfolios across 100 countries, Morpher enables trading in diverse markets, including stocks, crypto, forex, indices, and even unique markets like sneakers and watches. Backed by renowned crypto investor Tim Draper, Morpher continues to innovate by addressing the limitations of current oracles.
Traditional oracles often struggle with data limitations, delayed updates, and vulnerabilities to single points of failure. Morpher’s open-source protocol addresses these challenges by pulling data from multiple sources, improving speed, accuracy, and reliability. This enhanced data delivery ensures that decentralized applications (dApps) can operate effectively, without the constraints seen in current oracle systems.
Expanding Use Cases and Trust in Blockchain According to the firm’s report, Thomas Wiesner, Morpher’s CTO, envisions a future where the Morpher Oracle grows in robustness, integrating more data streams, supporting additional blockchains, and expanding use cases beyond current capabilities. Wiesner emphasizes the importance of building trust in blockchain through reliable data, providing developers and dApps with the tools needed to enhance their applications.
Unlike traditional oracles, Morpher’s solution offers several key advantages, including broader data access, true real-time data delivery, and resilience against single points of failure. This innovative approach positions Morpher as a leader in providing dependable market data for DeFi and other blockchain-based applications.
Developers and dApps interested in leveraging Morpher’s oracle services on Radix can explore the Morpher Radix Oracle documentation, join the Telegram community, or follow updates on their official website and X (formerly Twitter) channels. This integration marks a significant step towards enhancing the reliability and efficiency of blockchain-based financial markets.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
This is a significant achievement for the Radix (XRD) ecosystem as Coinstore, among Asia’s leading cryptocurrency trading platforms, extends its hands to include XRD in its marketplace. This expansion considerably increases the reach of Radix’s ecosystem since millions of users will be able to get their first experience in DeFi through Coinstore.
Expanding Radix’s Reach in Asia The recent decision of Coinstore to list XRD could not have come at a better time, considering the increasing interest in Radix, especially among crypto enthusiasts within the Asian region. About 9.5M users use the services offered by Coinstore, such as spot trading, futures trading, Launchpad, and other earning products. Through the integration with XRD, Coinstore opens up new opportunities for its now expanded user base and Radix, which has marked increased usage since the Babylon Mainnet’s release in September of 2023.
Boosting Market Accessibility The Asia-based exchange Coinstore is an influential player in cryptocurrency trading, having an average 24-hour spot trading volume of over $349,212,904 and 150,000 active users daily. With the integration of XRD, Radix can tap into this reach; this move may pull a substantial part of Coinstore’s volume and user engagement into its DeFi ecosystem. This increased accessibility aligns with Radix’s strategy to grow its ecosystem and pull in users, developers, and investments into DeFi.
The Growing Demand for Radix in Asia The integration of Radix with Coinstore also speaks volumes about the emerging need for DeFi solutions in Asia, which is known to have high-spirited crypto users. Chainalysis ranked the top 20 countries by cryptocurrency adoption rate; seven of them are from Asia, which has been interested in exploring different blockchain technologies. While using Radix, which is actively expanding in this emerging market, the connection with Coinstore strengthens the position. The platform can be a gateway for the new audience seeking opportunities in defi.
Looking Ahead: Radix’s Future Growth The extensive services offered by Coinstore enable XRD to have good prospects for development, and with the Asian market developing actively, this listing may act as the key to Radix’s success and becoming one of the leaders in DeFi. Thus, this integration represents another step of cryptocurrencies closer to the interaction of traditional exchanges with decentralized ones to make the financial world faster, more accessible, and more connected.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Money talks. In cryptocurrency, it screams through megaphones and flies banners across stadium skies. The recent revelation of Polkadot’s $37 million marketing spend has reignited a familiar debate within the blockchain community. Their aggressive growth strategy, complete with influencer campaigns and sports sponsorships, mirrors a pattern seen throughout the industry’s evolution.
Cryptocurrency projects have long walked a tightrope between building awareness and maintaining credibility. Some call it growth hacking. Others label it desperation. The truth lies somewhere in between, hidden in the spreadsheets of marketing budgets and community engagement metrics.
For an industry built on transparency, the methods behind crypto marketing often remain surprisingly opaque. Yet Polkadot’s recent treasury report has inadvertently pulled back the curtain, offering a rare glimpse into the real costs of chasing growth in Web3.
So that begs the question…
Is Crypto All About the Hype?The crypto industry thrives on promises. Projects launch daily, each claiming revolutionary technology and groundbreaking solutions. Marketing teams craft elaborate narratives about mass adoption and industry disruption. Development roadmaps stretch years into the future while promotion budgets drain treasuries today.
Behind every blockchain project stands an army of social media managers, content creators, and community moderators. They craft narratives, manage expectations, and drive engagement. Marketing budgets often dwarf technical spending. Growth metrics become more important than GitHub commits. The industry measures success through Twitter followers rather than transaction volumes.
Yet this focus on hype serves a purpose. Early adoption requires awareness and communities require nurturing in order to build a foundation. In an industry built on network effects, attention drives value. That’s why smart projects leverage this dynamic, using strategic marketing to build genuine communities. Conversely, others simply throw money at short-term solutions, hoping quantity will translate into quality.
The difference lies in execution.
Successful projects blend marketing prowess with technological substance. They understand hype’s role in driving adoption while maintaining focus on development. Their marketing spend reflects strategic thinking rather than desperate attempts at relevance. The best teams recognize that sustainable growth requires more than just flashy campaigns and influencer endorsements.
However, recent events have pulled back the curtain on crypto’s marketing machinery, exposing the true cost of chasing growth at any price.
When Marketing Millions Miss Their MarkPolkadot’s treasury report landed like a bombshell in June. The blockchain project spent $37 million on marketing in early 2024, nearly double its development budget. Community members watched in disbelief as the numbers painted a stark picture of modern crypto marketing — one where promotion overshadows product development and short-term visibility trumps long-term value creation.
The granular details of Polkadot’s spending revealed deeper systemic issues within crypto marketing practices. Their influencer campaigns targeting North America and Europe consumed substantial portions of the budget, with each month-long promotion costing roughly $300,000.
Initial metrics appeared promising, boasting millions of content views and hundreds of thousands of engagements. Yet beneath these surface-level statistics lurked troubling patterns of artificial inflation and questionable value.
Investigation into these marketing initiatives uncovered a complex web of suspicious activities. YouTube channels materialized overnight with implausible subscriber counts, while Twitter profiles coordinated identical content streams across networks of bot-driven accounts.
Key opinion leaders selected for premium partnerships often displayed signs of manufactured engagement, their follower counts inflated and their content engagement metrics artificially enhanced through coordinated automation.
Polkadot’s broader spending choices raised fundamental questions about value creation in the blockchain space. Their treasury allocated $450,000 for event expenses while community-driven initiatives struggled for basic funding. Premium partnerships consumed resources at an alarming rate, including $480,000 for a two-year logo display on Coinmarketcap and $180,000 for private jet branding.
These decisions occurred against a backdrop of stagnant token prices and slowing ecosystem development. The project’s marketing strategy exemplifies a growing disconnect between spending and substance in crypto promotion.
While traditional marketing metrics showed surface-level success, the deeper analysis revealed concerning patterns of inefficiency and waste. Their treasury, currently projected to last another two years at current spending rates, faces mounting pressure from community members questioning the return on these substantial investments.
The situation highlights a critical challenge facing blockchain projects: distinguishing between meaningful growth initiatives and expensive exercises in vanity metrics.
The Missing Link Between PR and GrowthPublic relations in cryptocurrency often plays second fiddle to aggressive growth tactics. Marketing teams chase viral moments and influencer endorsements while overlooking the fundamentals of strategic communication. This approach stems from the industry’s obsession with immediate results, yet misses crucial opportunities for sustainable growth.
Traditional PR brings subtle but significant advantages to blockchain projects. While sponsored posts generate quick spikes in attention, carefully crafted media relationships build lasting credibility. Industry publications value authenticity over paid placement. Journalists seek genuine innovation rather than promotional noise. These relationships become invaluable during critical moments, from product launches to crisis management.
Most crypto projects struggle to balance immediate visibility with long-term reputation building. Marketing budgets flow freely toward quantifiable metrics like social media engagement and website traffic. Meanwhile, PR initiatives that could strengthen market position and industry standing receive minimal attention. This imbalance creates vulnerability, leaving projects ill-equipped to handle scrutiny or navigate market downturns.
Successful blockchain projects understand the symbiotic relationship between growth hacking and public relations. They recognize that while aggressive marketing drives initial interest, strategic PR sustains momentum through market cycles. Their communication strategies blend traditional media outreach with innovative community engagement. Press releases complement Twitter spaces. Media tours enhance Discord announcements.
You can see the distinction clearly during market turbulence. Projects built on pure hype crumble under pressure, their communities scattering at the first sign of trouble. Those with strong PR foundations weather storms more effectively, maintaining stakeholder confidence through clear communication and established media channels. Their prior investment in relationship building pays dividends when market sentiment shifts.
Smart teams recognize that effective PR extends beyond press releases and media mentions. It encompasses community management, developer relations, and stakeholder communication. This comprehensive approach creates resilience, enabling projects to maintain momentum even when marketing budgets tighten or market conditions deteriorate.
Growth Hack the Right WayThe cryptocurrency industry stands at a crossroads between hype-driven marketing and sustainable growth strategies. Projects rushing toward quick wins through influencer campaigns and paid promotions often find themselves building on shifting sands. Real growth demands more than viral moments and sponsored content. It requires strategic communication, genuine community building, and balanced resource allocation.
Smart projects recognize this evolution in crypto marketing. They understand that tomorrow’s leaders will master the delicate balance between innovative growth tactics and time-tested PR fundamentals. Sustainable success in blockchain requires more than just spending power — it demands strategic vision, authentic communication, and unwavering commitment to genuine value creation.
About the AuthorJamie Kingsley is a prominent figure in the crypto PR industry, serving as the COO and Co-Founder of The PR Genius (PRG). He has played a crucial role in transforming PRG from a small, niche firm into a multi-service growth marketing agency. Kingsley’s strategic leadership facilitated a successful pivot from lead generation to public relations, enabling the agency to work with high-profile clients such as IO.net, Yellowheart, Radix, Movement Labs and RTFK Studios.
In addition to his role at PRG, Kingsley is a Board Member of the Asia Web3 Alliance Japan, where he contributes to the advancement of decentralized internet initiatives in a rapidly growing blockchain market. His expertise in media strategy and growth hacking has positioned him as a key influencer in the crypto space, recognized for his adaptability and resilience in navigating the industry’s challenges.
Radix, a high-performance Layer 1 blockchain, has proposed reallocating 1 billion XRD from its treasury into a two-year community incentives program aimed at deepening ecosystem engagement and improving long-term tokenomics—positioning itself as a deliberate “antidote to airdrops.”
Editor’s note: This article has been updated to reflect that the 1 billion XRD community incentives program is a proposal and not a confirmed launch; crypto.news apologizes for the earlier mischaracterization.
Announced on April 14, the new initiative will redirect funds from a previously proposed stablecoin project to support what Radix (XRD) describes as a multi-season, points-based rewards campaign designed to incentivize meaningful activity. Participants will earn points by holding or staking XRD, providing liquidity, executing DEX swaps, and engaging in lending and borrowing. NFT interaction and dApp usage will also qualify for rewards.
“Users will earn points based on meaningful activity,” said Dan Hughes, CTO and founder of Radix. “We want to ensure deep and sustained ecosystem participation instead of just passive token hoarding to bump up our market cap.”
Radix is distancing itself from traditional airdrop tactics, which it sees as unsustainable and prone to attracting short-term “mercenary” users.
If approved, the campaign’s structure would aim to build robust liquidity while creating a stronger foundation for dApps and developers within the ecosystem.
Reallocated treasury funds to drive user growth Hughes framed the reallocation as a strategic pivot that better aligns with Radix’s current growth trajectory.
“What’s the alternative?” he said. “Do nothing with the 2.4 billion XRD while competitors onboard users and dominate liquidity flows? Or burn it, and hope for a short-term flash mob? The choice is clear: repurpose this reserve and make Radix the home of the next generation of DeFi.”
The announcement comes ahead of Radix’s Hyperscale testnet rollout, which targets a sustained throughput of 1 million complex transactions per second, a scalability benchmark far beyond what current Layer 1s have demonstrated in production.
According to the press release, this upcoming milestone represents the “only real path to Hyperscale in the industry.”
To support this push, Radix’s proposed incentives campaign is intended to rapidly onboard more users, capital, and liquidity, positioning the network as a serious contender in the next wave of DeFi adoption.
Radix network faces an uncertain future after the team confirmed the passing of its founder, Dan Hughes.
Summary
Radix founder Dan Hughes passed away The network is at a critical juncture Tokenomics continues to put pressure on Radix Radix (XRD) network faces an uncertain future after tragedy struck its community. On Tuesday, July 29, the Radix team confirmed the passing of the network’s founder, Dan Hughes. Shortly after the announcement, the token’s price dropped 40%, from a high of $0.007228 to $0.004777.
Hughes played a central role in the network as both the architect and the visionary behind the project. He was instrumental in the network’s innovations, such as the Cerberus consensus, the Radix Engine, and its proprietary programming language, Scrypto.
His passing also came at a critical time, just as the network was preparing to launch its Hyperscale mainnet and the Hyperlane multi-chain bridge. Hyperscale, formerly the Cassandra research network, is gradually rolling out, with the next phase set for the latter half of 2025. The long-term vision is to conclude with a Rust-based mainnet launch in 2027.
Radix continues to struggle with supply issues The network is also preparing for the launch of a major rewards program, proposed in April. Originally set for 2025, the program would transfer 1 billion XRD from the treasury to the community over two years. Its goal was to boost community engagement and activity on the network.
Still, the incentive program also carries the potential risk of increasing the token’s circulating supply, which could lead to selling pressure. In fact, issues over token distribution have plagued Radix since its launch.
Specifically, large allocations for the team and early contributors have led to consistent selling pressure. So far, the token is down more than 99% from its all-time high achieved in November 2021, months after its launch.
Hoge Finance, the pioneering meme token, is excited to announce its official bridging to the Base Network. For those tired of rug pulls, quick pump-and-dump schemes, and superficial communities, Hoge offers a refreshing alternative. Backed by an immutable value-creating smart contract and supported by a time-tested, dedicated community, Hoge stands as one of the rarest tokens in the cryptocurrency market.
Launched on Ethereum in February 2021, Hoge was the original deflationary, auto-rewarding token. Over the past three years, it has built a robust Defi ecosystem, inspiring creators and fostering a unique brand culture. Most tokens today barely last a day; some don’t even make it an hour. Last week alone, over 30,000 brand-new tokens were launched on Solana. Real communities are built over years sharing in the failures and successes. Hoge has thrived through community-driven efforts, supported by a DAO-governed wallet with over $400,000 in funds. This wallet enables the community to vote on and fund new ideas, ensuring that Hoge continues to innovate and grow.
HOGE is Scarce
Hoge employs a 2% transaction tax that redistributes tokens to all holders, including a burn wallet that has accumulated over 60% of the total tokens. This deflationary model means every day a user wakes up to more Hoge in their wallet, and simultaneously, there are fewer Hoge tokens in existence. These tokenomics get supercharged by volume. There’s currently less than 39% of Hoge left. The smart contract is unchangeable and will exist as long as Ethereum does.
Users can check out Hoge on Coin Market Cap, which has over 68,000 holders, with 98.5% holding less than $1,000 worth of Hoge. Remarkably, 97% of all wallets have not moved their Hoge in over a year. Being a three-year-old meme token, many of these wallets are dead or lost, but they’re still collecting more Hoge every day, adding forever value to the community. Users can review Hoge’s all-in-one dashboard at Hoge.Report to dive deep into the Hoge token statistics.
Innovative DeFi Products
Hoge’s community has developed various DeFi products, enhancing its ecosystem:
GroupLP: This product gamifies liquidity provision by spreading a token’s liquidity pool across multiple wallets, making it resistant to rug pulls. It offers yields ranging from 4% to 260%. Bringing this product to Base, with its low gas fees, means more participation with smaller amounts. BonusSwap: This community-funded tax rebate program gives an extra 4.5% Hoge to cover buy and future sell taxes, incentivizing participation. Any community member can keep this bonus funded, turning one million donated tokens into 22 million incentivized tokens. It’s currently stocked with over 10 billion Hoge. OptiBuys: This innovation gamifies long-term holding, with tokens locked in an OptiVault until a set date. Early withdrawals incur penalties, rewarding those who hold. Further explore Hoge’s products at OptiSwap.pro.
Embracing AI and Web3 Gaming
Hoge is at the forefront of the AI and Web3 gaming narratives with the upcoming launches of HogeAI and OptiGames. HogeAI, a custom-built text-to-image generator, enhances storytelling and gives each holder the tools to express themselves. Hoge content creation is now limitless. OptiGames integrates ERC20 tokens into provably fair arcade gameplay. Game creators can seamlessly integrate their game on the OptiGames platform and monetize the results for players. The flagship game, Bulldog Blast, will allow players to compete against each other in a turn based multiplayer death match for Hoge tokens. Or you can simply play a stranger in rock paper scissors for your favorite ERC20 token.
Community Engagement and Information Sources
Users can stay updated on Hoge news and updates by visiting Hoge.gg and following @HogeFinance on X. Users can join every Friday for the Weekly Wrap-Up Report, where the week’s crypto news and Hoge updates are discussed. The official contract address can be found on Hoge.gg, as there are many scam copies out there. DeFi is a fun new world, and Hoge gives creators a place to create. For further information, users can join the Telegram group or ask on any platform, and the community will provide answers.
Contact Community Managed
Hoge Advisors
Hoge Finance [email protected]
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Hoge Finance, the pioneering meme token, is excited to announce its official bridging to the Base Network. For those tired of rug pulls, quick pump-and-dump schemes, and superficial communities, Hoge offers a refreshing alternative. Backed by an immutable value-creating smart contract and supported by a time-tested, dedicated community, Hoge stands as one of the rarest tokens in the cryptocurrency market.
Launched on Ethereum in February 2021, Hoge was the original deflationary, auto-rewarding token. Over the past three years, it has built a robust Defi ecosystem, inspiring creators and fostering a unique brand culture. Most tokens today barely last a day; some don’t even make it an hour. Last week alone, over 30,000 brand-new tokens were launched on Solana. Real communities are built over years sharing in the failures and successes. Hoge has thrived through community-driven efforts, supported by a DAO-governed wallet with over $400,000 in funds. This wallet enables the community to vote on and fund new ideas, ensuring that Hoge continues to innovate and grow.
HOGE is Scarce
Hoge employs a 2% transaction tax that redistributes tokens to all holders, including a burn wallet that has accumulated over 60% of the total tokens. This deflationary model means every day a user wakes up to more Hoge in their wallet, and simultaneously, there are fewer Hoge tokens in existence. These tokenomics get supercharged by volume. There’s currently less than 39% of Hoge left. The smart contract is unchangeable and will exist as long as Ethereum does.
Users can check out Hoge on Coin Market Cap, which has over 68,000 holders, with 98.5% holding less than $1,000 worth of Hoge. Remarkably, 97% of all wallets have not moved their Hoge in over a year. Being a three-year-old meme token, many of these wallets are dead or lost, but they’re still collecting more Hoge every day, adding forever value to the community. Users can review Hoge’s all-in-one dashboard at Hoge.Report to dive deep into the Hoge token statistics.
Innovative DeFi Products
Hoge’s community has developed various DeFi products, enhancing its ecosystem:
GroupLP: This product gamifies liquidity provision by spreading a token’s liquidity pool across multiple wallets, making it resistant to rug pulls. It offers yields ranging from 4% to 260%. Bringing this product to Base, with its low gas fees, means more participation with smaller amounts. BonusSwap: This community-funded tax rebate program gives an extra 4.5% Hoge to cover buy and future sell taxes, incentivizing participation. Any community member can keep this bonus funded, turning one million donated tokens into 22 million incentivized tokens. It’s currently stocked with over 10 billion Hoge. OptiBuys: This innovation gamifies long-term holding, with tokens locked in an OptiVault until a set date. Early withdrawals incur penalties, rewarding those who hold. Further explore Hoge’s products at OptiSwap.pro.
Embracing AI and Web3 Gaming
Hoge is at the forefront of the AI and Web3 gaming narratives with the upcoming launches of HogeAI and OptiGames. HogeAI, a custom-built text-to-image generator, enhances storytelling and gives each holder the tools to express themselves. Hoge content creation is now limitless. OptiGames integrates ERC20 tokens into provably fair arcade gameplay. Game creators can seamlessly integrate their game on the OptiGames platform and monetize the results for players. The flagship game, Bulldog Blast, will allow players to compete against each other in a turn based multiplayer death match for Hoge tokens. Or you can simply play a stranger in rock paper scissors for your favorite ERC20 token.
Community Engagement and Information Sources
Users can stay updated on Hoge news and updates by visiting Hoge.gg and following @HogeFinance on X. Users can join every Friday for the Weekly Wrap-Up Report, where the week’s crypto news and Hoge updates are discussed. The official contract address can be found on Hoge.gg, as there are many scam copies out there. DeFi is a fun new world, and Hoge gives creators a place to create. For further information, users can join the Telegram group or ask on any platform, and the community will provide answers.
In an era defined by digital innovation and financial transformation, cryptocurrency has become a familiar term in households worldwide. It's not just Bitcoin and Ethereum making headlines anymore. The spotlight now includes altcoins like Solana, Samoyedcoin ($SAMO), and wallet applications like Phantom, especially following their recent appearance on China Central Television (CCTV).
This likely unintended feature by China's leading state broadcaster was first found a user on Twitter after a post by Changpeng Zhao, widely known as CZ, the CEO of Binance. The impact of this exposure was immediate and dramatic, with a massive pump following for SAMO tokens, and the Samo NFTs.
BREAKING: QR CODE IN VIDEO FROM @cz_binance'S TWEET ABOUT THE CCTV HAS QR CODE THAT LINKS TO $SAMO pic.twitter.com/td1YLVrL2Y
— SolanaFloor😶🌫️ (@SolanaFloor) May 24, 2023 Samoyedcoin Impressive Rise
Post-CCTV feature, $SAMO saw a staggering 500% increase in price at the time of writing, while Samo's NFTs similarly pumped by an astonishing 300%.
$SAMO IS UP 300% FOLLOWING CHINA CENTRAL TELEVISION (CCTV) FEATURE pic.twitter.com/IB9JUYfTyQ
— SolanaFloor😶🌫️ (@SolanaFloor) May 24, 2023 Interestingly, trading volumes skyrocketed by a remarkable 5,500%, testifying to the sudden surge in interest and activity around these digital assets.
Understanding the Key Players
For those uninitiated, Solana is a high-performance, layer-1 blockchain known for its speed and low transaction costs, rivaling networks like Ethereum. Its design allows it to scale as per the users' needs without affecting its performance, making it a popular choice for various DeFi applications and NFT projects.
Samoyedcoin, or SAMO as it's affectionately known, began its journey as a memecoin akin to Dogecoin but for the Solana network. However, the team has recently pivoted to become "an experimental Web 3.0 community coin". Leveraging innovative marketing strategies and various other tactics, Samoyedcoin's team focuses on educating and onboarding people into the Solana community, cultivating a loyal and active fanbase called the Samo Famo.
Phantom, on the other hand, is a wallet designed for the Solana network, providing a user-friendly interface for managing digital assets and interacting with decentralized applications (DApps).
A Win for Solana Ecosystem
The spotlight shone by CCTV on these aspects of the Solana ecosystem is a testament to its potential and growing acceptance in the global market, particularly within the Chinese demographic. The surge in prices and trading volumes indicate the extensive reach of the broadcast and the profound impact of mass media exposure on the crypto market dynamics.
Moreover, the fact that a memecoin like SAMO is gaining such traction indicates the evolving and unpredictable nature of the cryptocurrency world. Samoyedcoin's pivot towards becoming a significant player in the Web 3.0 landscape is emblematic of the potential of community-driven projects in the blockchain industry.
The surge of interest in Solana, SAMO, and Phantom signifies a broader acceptance and interest in the crypto space, particularly in blockchain platforms that offer scalability, speed, and low transaction fees. As the world continues to shift towards digital currencies and decentralized finance, we can expect many more under-the-radar projects to break into the mainstream, shifting the crypto landscape in unexpected ways.
This high-profile feature will likely encourage further exploration into the Solana ecosystem, with investors and developers alike keen to engage with its rapid, secure, and low-cost solutions. As we navigate through the digital age, this recent event is a striking reminder of the potent influence of mainstream media on market trends and the promising future that blockchain technology holds.
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Move over, Bitcoin and Ethereum. The meme coin market is barking mad with Shiba Inu (SHIB) quietly stealing the show in 2024. While the big dogs have been grabbing headlines with new all-time highs, the self-proclaimed “Doge Killer” has been on a tear, outperforming its established rivals with a nearly 210% year-to-date (YTD) surge.
While Bitcoin and Ethereum have garnered significant attention for their price performance, Shiba Inu has quietly outpaced both, achieving impressive growth and capturing the interest of investors and analysts alike.
Shiba Inu’s Meteoric Rise: A Tale of Adoption And Innovation Shiba Inu’s SHIB token has witnessed a staggering 246% price increase since the beginning of the year, reaching a peak of $0.00003599 before settling at a slightly lower but still remarkable price of $0.00002779. This unexpected surge has propelled Shiba Inu into the spotlight, raising questions about the factors behind its success.
SHIB price action in the last year. Source: Coingecko At the time of writing, SHIB was trading at $0.000028, up 10% in the last 24 hours, but shed 17% in the last seven days, data from Coingecko shows.
The key driver behind Shiba Inu’s remarkable performance lies in the burgeoning adoption and utilization of Shibarium, an Ethereum Layer 2 network introduced by the Shiba Inu ecosystem in August 2022. Shibarium has overcome initial challenges and gained significant traction, with major crypto platforms like Gate.io integrating the network.
Source: Shibariumscan This integration has facilitated the processing of over 410 million transactions on Shibarium, demonstrating its robustness and efficiency compared to other Layer 2 solutions. The widespread adoption of Shibarium has fueled optimism among investors, contributing to the token’s price surge.
Bitcoin And Ethereum: Steady Growth Amidst The Shiba Inu Storm While Shiba Inu has stolen the limelight, Bitcoin and Ethereum have also experienced substantial growth this year, albeit at a more measured pace. Bitcoin has breached its previous all-time high, reaching new price discovery territory as it surpassed multiple resistance points above $70,000. Despite setting new records, Bitcoin’s year-to-date (YTD) gain stands at a steady 65%, starting the year at $42 and currently trading at $68,049.
Ethereum, on the other hand, has demonstrated impressive price performance, soaring above several resistance levels to trade at $3,840 at the time of writing. Beginning the year at $2,280, Ethereum has slightly outperformed Bitcoin with a YTD increase of 68.5%. While these gains are significant, they pale in comparison to Shiba Inu’s remarkable 246% surge.
Potential For Further Growth: A Promising Horizon Despite its impressive rally, the memecoin is still 170% away from reclaiming its 2021 all-time high, while Bitcoin has already surpassed its previous peak. This discrepancy has led market analysts to anticipate even more substantial price surges for SHIB, as it suggests significant room for growth. As a result, price projections predicting rallies towards the $0.01 territory have emerged, further fueling investor excitement.
Featured image from Pexels, chart from TradingView
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Self-described “Doge Killer,” Floki is biting out the memecoin market with a bark and a marketing assault. Sending its token price surging, the Shiba Inu-inspired cryptocurrency revealed intentions for its most aggressive marketing campaign ever.
Floki’s Aggressive Marketing Push Sabre, Floki’s marketing director, stayed quiet about the specifics, but he assured me that the forthcoming effort would surpass what they have done over the past two years.
This news along with the announcement of Floki futures trading on Coinbase coming May 30th drove a 24-hour price increase of 22%, pushing Floki to top of the memecoin heap.
Shout out to those with longer term memories that know what to expect from #Floki and our ™ moves.
With the experience and knowledge to navigate the toughest challenges, we are gearing up to announce our biggest marketing activations in over 2 years across the coming months📍 pic.twitter.com/UOo4awAD8o
— Sabre (@SabreEthereum) May 27, 2024
Basically Floki strapping on its jetpack and aiming for the moon. The marketing frenzy reveals they are committed to occupy the memecoin market, and Coinbase listing futures is like getting a thumbs-up from the crypto trailblazers themselves.
Sabre claims that the forthcoming marketing campaign would enable Floki in “dominating” the memecoin area and reaching its goal of being the “most widely used cryptocurrency in the world.”
There are other dogs running after their tails in the memecoin race besides Floki. To its futures lineup, Coinbase is also adding competing memecoins Shiba Inu and Bonk. But Floki topping the field in price increases suggests it has stolen the early show.
For the coin, the price surge signifies a dramatic turn around. The token has been steadily rising following April’s bottoming out; nevertheless, Monday’s announcement set off a breakout that sent prices to an 11-week high. Since mid-April, this shows a shockingly 160% rise.
Analyses warn Floki’s victory lap might be premature, though. The memecoin market is famously erratic, hence Floki could be thrown off by outside events including economic headwinds and the always constant danger of dogecoin supremacy. Furthermore unresolved is the success of Floki’s marketing effort.
Floki is currently trading at $0.00027. Chart: TradingView Floki: Market Performance Targeting visitors in New York’s Times Square, the memecoin’s most recent major marketing effort had the brand splashed on screens close to the Nasdaq billboard for two months, beginning on March 15.
At $0.00027 today, FLOKI has a 24-hour trading volume of $1,025,844,340.44. Over the past week, this rises 27.82%. With about 10 trillion in circulation, the market cap comes to $2.6 billion.
Featured image from iStock, chart from TradingView
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OKX, world’s second-largest crypto exchange, has announced delisting of LEASH, one of key tokens in Shiba Inu ecosystem, signaling doubts over its future
Cover image via www.freepik.com
It has just been announced that the world's second largest cryptocurrency exchange, OKX, will delist LEASH, a token from the Shiba Inu ecosystem. Along with SHIB and BONE, this token is one of the essential elements of the space around the popular meme-inspired cryptocurrency.
For those who may not know, LEASH was launched in 2021 by anonymous Shiba Inu creator Ryoshi. From the beginning, it was stated that the token would be used to buy land in the metaverse project built around the meme coin. In addition, LEASH was used in the presale of the Shiba Inu-centric NFT collection of Shiboshis.
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However, all of these factors were unimportant for the OKX team, who decided to remove the Shiba Inu token from their platform.
Along with five other cryptocurrencies whose names will be remembered by those who entered the market years ago, LEASH was ordered to exit. The rationale behind the delisting is to maintain a robust spot trading environment and get rid of assets that do not meet listing criteria.
No need for LEASH?According to CoinMarketCap, the exchange was the largest market for LEASH in terms of liquidity, accounting for 24.78% of the token's total turnover.
LEASH to USD by CoinMarketCapHowever, in monetary terms, it was only around $576,000 - an awfully small amount for the cryptocurrency market and especially for a listing on the second largest platform that held it.
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It seems logical that with the metaverse and the NFT sector of the crypto market, the assets associated with it and its a corresponding utility will be forgotten and delisted. Shiba Inu did not make much progress with its metaverse project, focusing more on Shibarium. Thus, it is not surprising what reputation LEASH has, as its prospects are, to put it mildly, very unclear.
The Shiba Inu ecosystem marketer insists that SHIB is capable of reaching 1 cent but notes that this target might not materialize now.
The prospect of Shiba Inu (SHIB) reaching the $0.01 price level has been a topic of discussion within the community. Currently trading for $0.00002122, SHIB would need to rise by an extraordinary 47,025% to reach this mark.
Despite the daunting nature of this task, Lucie, a prominent marketer within the Shiba Inu ecosystem, remains optimistic about SHIB’s future, as evidenced in her previous remarks.
Shiba Inu Could Reach $0.01 In a statement, Lucie expressed confidence in SHIB’s long-term potential. She stressed that while reaching $0.01 is possible, it would not happen overnight. Lucie noted the importance of patience and development within the ecosystem, pointing out that success takes time.
She also stressed the value of Shiba Inu’s ecosystem tokens, such as Bone ShibaSwap (BONE) and Doge Killer (LEASH), in driving adoption and utility. Lucie encouraged the community to focus on the long-term vision, suggesting that short-term volatility should not deter holders.
Meanwhile, Luis Delgado, a community commentator, presented a similar argument last July. He compared Shiba Inu’s potential rise to $0.01 with Dogecoin’s journey to the same price point.
Delgado reminded the community that Dogecoin, which was worth much less years back, actually attained $0.01. For context, DOGE, once trading at $0.0001 in 2014, achieved $0.01 in March 2021. This demonstrated that even the most unlikely scenarios can materialize in the crypto market.
The commentary implied that SHIB, which now changes hands at $0.00002, could follow a similar trajectory. However, such a rally would demand specific ecosystem growth and increased demand.
Timelines from Grok AI, ChatGPT, and Changelly While Lucie and Delgado are optimistic, the timeline for SHIB to achieve $0.01 remains uncertain. To gain some perspective, we consulted AI platforms Grok AI and ChatGPT,
In its response, Grok AI stressed that SHIB operates in a highly speculative and volatile market. It pointed out that achieving $0.01 would require either a massive reduction in the circulating supply, currently at 582 trillion, or unprecedented demand growth.
Grok noted that SHIB’s adoption in DeFi and the success of projects like Shibarium could drive long-term value. However, the AI platform stressed that these developments would take time, suggesting that SHIB may not reach $0.01 until well beyond 2030.
ChatGPT presented a similar view, highlighting the challenges posed by SHIB’s large circulating supply. It noted that achieving $0.01 without massive token burns would result in a market capitalization exceeding the GDP of many major economies.
Shiba Inu Price Prediction | ChatGPT The chatbot speculated that SHIB could achieve $0.01 within 10 to 20 years under realistic conditions. However, in an optimistic scenario, ChatGPT suggested that this milestone might be reached in as little as 5 to 10 years.
Meanwhile, analysts at Changelly predicted that SHIB could reach an average price of $0.0105 by December 2040, essentially 15 years later, with a maximum price of $0.0120 in the same period.
Shiba Inu Price Prediction | Changelly DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Driven mainly by excitement, memes, and well-publicized endorsements like those from Elon Musk, Dogecoin (DOGE) has been a main player in cryptocurrencies. Dogecoin reached a cycle high of $0.48, exciting traders and investors with its extremely devoted community and viral reputation. Though its popularity has grown, Dogecoin’s expansion has started to level down, leaving many investors wondering whether its greatest days are behind it. Previously sold at $0.48, some investors focus on a new altcoin offering far bigger returns and utility in the next months. Often referred to as the “Doge Killer,” Rexas Finance (RXS) attracts the interest of seasoned investors seeking the next great prospect. Rexas Finance is rapidly rising as it is ready for explosive future expansion with its special combination of features, solid foundations, and outstanding presale results.
Rexas Finance (RXS): The ‘Doge Killer’ with Real Utility Now attracting the interest of many investors, including those who sold at the recent cycle high of Dogecoin, Rexas Finance (RXS) is a fast-rising altcoin. Rexas Finance is a project motivated by utility and innovation based on strong technological foundations meant to empower developers and end users, not merely another meme coin. Rexas Finance stands out mostly for its Rexas GenAI, a ground-breaking AI-powered trading tool meant to improve the trading environment. Rexas Finance also provides a Token Builder and Launchpad, which lets developers build unique tokens and start new enterprises without having great technical experience. Rexas Finance positions itself as a long-term, sustainable crypto ecosystem using these characteristics, which enable it to serve a wide spectrum of customers, from traders to developers and investors. Rexas Finance has an advantage over other meme coins, such as Dogecoi,n because of these creative tools since the project emphasizes utility and practical applications instead of depending on hype or celebrity sponsorships.
Rexas Finance’s Strategic Growth and Visibility Currently, Rexas Finance is especially fascinating because of its great visibility and credibility in the crypto scene. Two of the most often used cryptocurrency data sites, CoinMarketCap and CoinGecko, have already shown the project. Thanks to this improved visibility, more investors are now aware of Rexas Finance; this can result in more liquidity, exposure, and token demand. Moreover, Rexas Finance has completed a thorough security audit under Certik, one of the most reputable blockchain auditing companies. This audit gives investors hope because it shows that the project has been closely examined, improving its credibility from the perspective of institutional and individual investors. Rexas Finance is well on its way to leading in its category thanks to strong investor support, an experienced development team, and important strategic actions, including listing on major platforms and completing a Certik audit.
The Timing Is Right – Buy Before the Breakout Currently costing $0.20, Rexas Finance’s last presale stage offers early investors the opportunity to buy at a low price before the public release. It has raised $44.7 million already in its last presale stage. Given its strong utility-driven ecosystem, once the coin goes live and appears on major exchanges, its price is projected to grow quickly. The presale price is set to rise to $0.25 on the launch date of June 19, 2025, giving early investors a chance to profit from the expected increase of the token. Rexas Finance provides a similar early-stage possibility with far more long-term potential for individuals who missed the chance to invest in Dogecoin when it was a fraction of its present value. Given its emphasis on usability, security, and usefulness, the project has a far better chance of maintaining pace as the market develops.
Rexas Finance (RXS): The Next Big Thing in Crypto Rexas Finance is rapidly becoming popular as a good long-term investment with its creative ecology, strong security measures, and clear market visibility once owners of Dogecoin have discovered a new competitor in Rexas Finance, a project combining modern technologies with practical use. Those who make Rexas Finance investments today at $0.20 may find notable rewards going forward as the presale draws to an end. Together with the growing ecosystem of the project, the expected price rise after the token launches points to Rexas Finance being ready for significant expansion in the next months. The future is unknown for many coins in the dynamic realm of cryptocurrencies, where volatility rules. Unsurprisingly, astute investors are starting to scoop up on RXS tokens before becoming generally known as the next great crypto success story. Rexas Finance(RXS) is a utility-driven initiative with ongoing potential.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
PANews reported on August 12th that according to the SHIB ecosystem project Doge Killer (LEASH) team, the LEASH supply will increase by approximately 10% (approximately 10,765) on August 11, 2025, despite previous claims that the supply has been fixed and the rebase mechanism has been disabled. This is because the rebase path through the pre-authorization contract remains valid, even though ownership has been relinquished.
The team proposed two solutions for the DAO to vote on: one is to negotiate a disabling path with the original developers, and the other is to launch LEASH v2, which uses a new contract and completely removes the rebase function. The team has committed to publishing a detailed proposal and on-chain evidence package to ensure a transparent decision by the community.
According to Coingecko data, Doge Killer token LEASH fell 21% in 24 hours.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Kaal Dhairya, Shiba Inu’s (SHIB) top developer, has provided clarity on the surprise and controversial change in LEASH’s token supply. In an update shared on X, Dhairya explained how LEASH’s total supply increased by approximately 10%.
Concerns around LEASH's rebase pathwayNotably, LEASH supply increased after an additional 10,765 new tokens were created on the platform on Aug. 11, 2025. This marked a significant development given that, for many years, community members believed in a fixed supply.
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The project had also claimed that it disabled rebasing. For clarity, rebasing means automatically adjusting the token supply via code. Rebasing could either be positive or negative, depending on the increase or decrease of every holder’s balance.
Dhairya highlighted that on Aug. 11, the team observed that a "rebase pathway" still existed in the smart contracts. This was linked to preauthorized contracts that allowed for changes without owner intervention.
According to him, this is a trust breach, as members of the community believed the token supply was unchangeable. Dhairya maintains that this undermines the system and could impact the price as it dilutes value for existing holders.
The Shiba Inu developer also noted that while the system appears decentralized, the current development suggests that control remains centralized.
DAO Proposal for LEASH v2 Contract Gains SupportDhairya proposed that the LEASH decentralized autonomous organization (DAO) will need to act.
To do this, voting will be carried out to decide to negotiate with the original developer or create a completely new token contract. This new contract, LEASH v2, will be audited to ensure there are no rebases or backdoor supply changes.
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The message has sparked a reaction among community members, with some proposing that the DAO be implemented as soon as possible. Others wondered if the same breach could happen with other coins in the SHIB ecosystem.
A user wondered if, with the LEASH v2 contract, the supply could be reversed. The coming days might provide more clarity to the SHIB community. Beyond the current events, Lucie, the marketing lead, has promised exciting times ahead.
The meme coin market is buzzing again—and not in a “just another Tuesday” kind of way. As Bitcoin continues testing the $65K ceiling and Ethereum eyes new use cases under Vitalik’s latest roadmap, meme coins have clawed their way back into the spotlight. Retail money’s pouring in, altcoin dominance is heating up, and let’s face it—when meme coins start trending on TikTok again, you know something big’s brewing in the basement.
Meanwhile, crypto Twitter has shifted from “blue-chip bagholder therapy” back to doing what it does best: aping into anything with a cartoon character, a storyline, or—ideally—a combination of both. Add a sprinkle of staking, a well-paced presale, and a cheeky deflationary twist, and suddenly, degens and boomers alike are meowing about ROI again. Bonk just broke 800K wallets. Bone Shibaswap is pumping off governance news. And a very certain top-hatted feline is purring its way into presale history.
Troller Cat ($TCAT) isn’t just launching a token—it’s building a cinematic universe. With its 26-location presale journey, 69% APY staking rewards, and an actual play-to-earn (P2E) Game Center that burns tokens while players troll the charts, this isn’t your average copy-paste project. Stage 3—dubbed The Great Moon Hoax—throws the spotlight on a lunar-themed newsroom hoax where Troller Cat rewrites headlines and reality alike.
Troller Cat (TCAT): The Cat’s Already on the Moon—and Trolling From There Table of Contents
Troller Cat (TCAT): The Cat’s Already on the Moon—and Trolling From ThereBone Shibaswap (BONE): Barking Loud After the Governance HowlBonk (BONK): Solana’s Barking Underdog Goes MainstreamConclusionFor More Information: What do you get when you cross an 1835 moon hoax, a deflationary token model, and a meme coin with narrative swagger that rivals Netflix’s best? The answer is Troller Cat—a project that’s turning heads and scratching up every chart it touches.
Currently in Stage 3 of its 26-location presale roadmap, Troller Cat’s theme is The Great Moon Hoax – Trolling the Stars. It throws back to a historic media frenzy where people genuinely believed unicorns and bat-winged people were living on the moon. In this reimagined world, Troller Cat enters a Victorian newsroom wearing a monocle and throwing down “moon selfies” and fake moon rocks while convincing skeptics with confidence and chaos. But here’s the real headline: the Stage 3 token price is just $0.0000072, with a projected listing price of $0.0005309, offering a jaw-dropping potential ROI of over 10,000% or 105x. That kind of upside doesn’t just knock—it claws at the door.
Besides its narrative brilliance, $TCAT comes fully loaded with real tokenomics. The 69% APY staking reward means bag holders earn while they sleep. And the Game Center isn’t just for fun—it’s the core burn mechanism. Every time a user plays, tokens are removed from the supply. That’s textbook deflationary design with a meme coin twist. Troller Cat has breached the $40k mark in just 26 hours.
Audited and KYC-approved, Troller Cat is also democratizing entry. There’s no minimum to buy, and just a $25 minimum to use a referral code. That means anyone, from crypto whales to weekend warriors, can enter the ecosystem without breaking a sweat or a wallet. The presale is already gathering steam, with early adopters sharing projections that would make even Dogecoin veterans double-take.
With a presale structure that rewards early adopters, a marketing strategy that’s already outperforming older names, and a cultural vibe that rides on Gen-Z humor and Gen-X nostalgia alike, Trollercat.com is staking a serious claim as one of the Best Meme Coin Presales to Buy This Week. Don’t be the one reading headlines after the rocket is launched—join the hoax while it’s still unfolding.
Bone Shibaswap (BONE): Barking Loud After the Governance Howl Bone Shibaswap isn’t new to the game—it’s one of the OGs in the Shiba Inu ecosystem, right alongside $SHIB and $LEASH. But what’s made BONE suddenly pop back into conversation is the fresh surge of interest around its role in Shibarium, the Shiba network’s Layer 2 scaling solution. With gas fees tanking and transactions booming, governance is becoming the new battlefield—and Bone is at the center of it all.
The recent uptick in Bone’s value isn’t just speculative noise. With Shibarium’s ecosystem maturing, Bone is being used more actively for validator rewards and protocol-level voting. Just this week, the Shibarium dev team released a roadmap highlighting Bone’s continued integration as the governance backbone. The result? A strong bounce from $0.55 to $0.72 in under 10 days, with many analysts predicting a breakout if the broader market holds steady.
Bonk (BONK): Solana’s Barking Underdog Goes Mainstream Bonk has gone from bark to bite—real fast. What started as a meme coin experiment to inject fun into the Solana community has become one of the most active tokens on the network. As of early May 2025, Bonk has surpassed 800,000 active wallets and recently hit $0.000031 in price, with a 40% weekly gain after integrations with several Solana-based platforms and wallets.
Unlike most meme coins that rely solely on hype, Bonk has leaned into utility. It’s being used in NFT mints, DeFi liquidity pools, and even tipping services across Solana’s ecosystem. That multi-use integration has added legitimacy, and the fact that it avoids Ethereum’s gas fees makes it a solid choice for smaller investors looking for faster, cheaper interactions.
Conclusion Based on the research and market trends, Troller Cat is clearly stalking the top of this week’s leaderboard for meme coin investors. With a fully auditable and KYC-approved presale model, built-in staking, narrative-driven marketing, and deflationary gameplay, it offers something no other project on this list does: a low-risk entry point with explosive upside. Stage 3—The Great Moon Hoax—is more than a gimmick. It’s a storytelling device designed to engage holders, gamify the token’s journey, and maximize ROI.
For those looking to get in before the crowd, secure those 69% APY staking rewards, and maybe—just—maybe—walk away with a 105x return, the cat’s already halfway to the moon. Don’t wait for a lunar selfie to go viral. Leap while the pawprint is still fresh.
For More Information: Website: https://www.trollercat.com/
Telegram: https://t.me/trollercat
X: https://x.com/trollercat_
Reddit: https://www.reddit.com/r/TrollerCat/
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Analyst Crypto Conqueror identifies levels to pay attention to for Bone ShibaSwap, a prominent Shiba Inu ecosystem token, eyeing a potential reversal.
Bone ShibaSwap (BONE) displayed brief volatility over the past week, fluctuating between $0.27 and $0.32. A sharp surge on May 4 temporarily pushed the price above $0.32, followed by a retracement that stabilized around $0.29 by May 6.
While this movement signals short-term price fluctuations, an analyst is now tracking a potential reversal pattern forming near historically significant support levels.
Reversal Signals Align with Fibonacci Channel Levels Technical analyst Crypto Conqueror highlighted a possible trend reversal based on the Fibonacci channel and price behavior around key zones.
According to the analysis, BONE has found repeated support at $0.21, which corresponds with the 0.236 Fibonacci retracement level. This support level has historically triggered price rebounds, confirming its significance in the current market condition.
Bone ShibaSwap 1h Chart | Crypto Conqueror The analyst suggested that the key Fibonacci channel zones at $0.35 and $0.44 have historically functioned as both support and resistance, with multiple price touches reinforcing their significance. He emphasized that these levels are likely to act as the initial indicators for upward movement. Sustained price closures above these bands would signal potential bullish momentum.
Furthermore, the analyst identified the Fibonacci 1 channel level at $0.94 as a critical breakout point. Although price wicks have extended to this level five times since BONE’s launch, there has yet to be a confirmed close above it on the line chart.
As noted by Crypto Conqueror, a close beyond this threshold would represent BONE’s definitive trend reversal and open the path to higher Fibonacci targets. Specifically, the 1.618 Fibonacci channel target stands at $2.60, while the 2.618 level corresponds to $16.80.
On-Chain Activity Reflects Deflationary Pressure Adding to this technical structure, recent on-chain events suggest potential supply-side pressure. The Sol Killer (DAMN) project, a meme coin operating on the Shiba Inu blockchain Shibarium, recently burned 10,197 BONE tokens.
DAMN’s official X account disclosed the burn event, while Shibariumscan verified the removal alongside 189.47 million DAMN tokens. This burn activity reduces the circulating supply of BONE, contributing to its deflationary outlook and potentially reinforcing long-term price stability.
This development follows a broader effort across the Shiba Inu ecosystem to introduce deflationary measures. However, despite these actions, other metrics present a more cautious backdrop for short-term outlooks.
Large Holders Show Cautious Behavior Whale activity over the last three months has reflected lower participation in accumulation. Data sourced from IntoTheBlock reveals a decline in large holder inflows from early February through April 2025.
BONE Large Holders Inflow | IntoTheBlock Percentage changes in 7-day, 30-day, and 90-day inflows show steep drops of -68.04%, -70.36%, and -32.47%, respectively. This trend suggests that while BONE has recovered from its March lows, larger investors remain hesitant to increase holdings at current levels.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The Shiba Inu team is again highlighting the importance of ecosystem growth, suggesting these fundamentals will attract those who value the asset.
The broader crypto market is witnessing a period of muffled price action, and Shiba Inu (SHIB) and its ecosystem tokens have not escaped the consolidation spell.
Pessimism Amid Shiba Inu Downtrend Particularly, after hitting a local top of $0.00001765 last week, Shiba Inu spent most of the week in a downtrend amid persistent bearish pressure in the broader market. SHIB lost 5.72% of its value last week and is already down another 4.87% this week.
Notably, Bone ShibaSwap (BONE), the governance token for the ShibaSwap DEX, also slumped 14% last week, with a 5.17% drop this week. In the same vein, TREAT is down more than 24% since last week, while Doge Killer (LEASH) has dropped 19% within the same timeframe.
However, this downtrend is not unique to the Shiba Inu ecosystem, as the altcoin market has lost over $30 billion in valuation since last week. Despite this reality, sentiments have turned sour within the Shiba Inu community, with some investors demanding some action.
“You Can’t Force People to Choose You” Within this context, Shiba Inu marketing lead Lucie took to X to suggest that teams and builders behind any crypto project cannot force investors to choose or love their projects. According to her, no one can force an investor to buy any token. This comes on the back of growing pessimism among some proponents.
Lucie on X However, Lucie insisted that instead of focusing on such aspects of the market, builders can continue growing and improving. Notably, the Shiba Inu ecosystem team has continuously prioritized this growth culture, introducing projects such as Shibarium and the ones currently in development like The SHIB Metaverse.
Lucie noted that growth, improvement, and developments such as these are enough to attract investors who will hold and value the token.
Shiba Inu Still Welcoming Investors Despite Uncertainty Interestingly, this appears to be the case, as IntoTheBlock data indicates that whales have amassed 19.47 trillion SHIB this year, now holding 585.16 trillion tokens, despite the price struggles.
Shiba Inu Whales and Investors | IntoTheBlock Within this period, lower investors holding between 0.1% and 1% of the circulating supply have distributed 10.61 trillion tokens, with their balance now sitting at 147.38 trillion, demonstrating their lack of conviction. Meanwhile, Shiba Inu has added 70,000 addresses this year, as total addresses with balances grow to 1.4 million.
This indicates that investors with conviction have continued to enter the market, looking to capitalize on the ongoing consolidation to procure the token at lower prices before the next upsurge. Lucie has suggested that Shiba Inu could reach $0.01 someday, but she noted that this would not happen soon.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
A singular Bone ShibaSwap (BONE) transaction involving over $1 million is sparking speculation within the Shiba Inu community.
BONE, the gas token of the Shibarium network, is down 99.3% from its all-time high, persistently trading in a range in recent times. However, it seems investors see this period of sideways trend as an opportunity to accumulate for what is to come.
Particularly, a whale transaction has been raising eyebrows within the Shiba Inu community. The Thursday shift saw a wallet receive millions of the Bone ShibaSwap token from prominent crypto exchange OKX.
Unmarked Wallet Receives Millions of BONE The sending wallet “0x91D4” shifted 4,572,758 BONE, worth $1.3 million, to an unknown receiving address “0x073F” on May 29 at exactly 08:42 PM (UTC). Interestingly, this adds to a string of BONE transfers from the same sending address to the receiving address in the past five days.
Data from EtherScan shows that the sending address has moved the token to the same address for five consecutive days, with yesterday’s transfer its largest so far. Meanwhile, the receiving address has retained the BONE tokens received, holding 5,453,234 BONE ($1.57 million) at the time of writing.
Whale BONE Transaction In the Last Five Days Furthermore, the address “0x073F” now ranks 8th among the over 95,000 holders of BONE by dollar valuation, with its balance accounting for 2.18% of the token’s 250 million supply. However, further analysis has identified another twist to the story.
Whale Accumulation? Meanwhile, analysis from the market intelligence platform Arkham confirmed that, indeed, the sending wallet belonged to OKX. It identified the “0x91D4” address as an OKX Hot Wallet, which held 3.409 million BONE ($985,030) at the time of writing.
Interestingly, Arkham also shows that the receiving address belongs to the exchange. The platform identified the wallet as an OKX Cold Wallet, a self-custody wallet for OKX, one of the largest offshore cryptocurrency exchanges.
As a result, the attention-grabbing transaction was just OKX moving the BONE token from its hot wallet for storage in the cold wallet. Notably, exchanges perform such transactions periodically to safeguard customers’ funds in the case of an attack on their platform.
Nonetheless, while this was not one such case, whales have actually been accumulating BONE recently. The Crypto Basic highlighted a 5-day buying spree from a new wallet in early May, during which the address acquired 1.76 million BONE.
BONE Remains Unresponsive Meanwhile, the Shiba Inu ecosystem token continued its correction today, joining a broader market trend. BONE is down 4.13% in the past 24 hours, with higher timeframes looking uglier.
For context, the token has corrected nearly 8% in the past seven days and a staggering 57% from its price a year ago. This suggests that it completely missed out on the broader 2024 market rally, as inherent weakness persists.
Meanwhile, analysis has shown a rebound is on the horizon. Specifically, analyst Crypto Conqueror predicted a bullish reversal to $6, highlighting critical levels to watch.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The DeFi toolkit for Shiba Inu (SHIB) has been given a big improvement, and it’s now grabbing the attention of the crypto community. It is a total change in how users can earn, trade, and burn SHIB, BONE, LEASH, and TREAT tokens.
Shiba Inu is Changing the World of DeFi LucieSHIB, the developer, shared that this update doesn’t involve minor changes alone. A major change is that Precision Pools have been introduced. Now, users can choose which parts of the price range where they want to place their liquidity.
Another great feature is the Multiple Rewards in One Move. It gives players multiple rewards at the same time. By staking, they will gain rewards from multiple sources like rewards and commissions.
The highlight is that without any effort needed, the rewards will grow over time in a compounding fashion.
Live Auto Burns make things different and exciting. All moves like transfers, liquidity, or any other initiates a burn process that lowers the tokens’ supply.
Unlike before, burns now happen live, without the need for any announcement. Such steps may lead to decreasing supply circulation on a gradual level. It would become integrated into regular trades, and boost the value of the token.
Shiba Inu’s DeFi Toolkit: A Unified and Streamlined Experience
A single interface is part of the update. Users are able to trade tokens, earn with passive staking, bridge your assets among various chains, or burn your tokens, all in a single platform. It’s both quick and simple, so no need to change from one platform to another.
Following this update, it is simpler for those new to understand the Shiba Inu DeFi space. The technology in the toolkit has also been made to be more intelligent. Users can lock liquidity pools in specific ranges to gain better yearly returns. Also, it’s possible to join multiple protocols to boost returns.
These features let new users move as if they are experts. These changes to the Shiba Inu ecosystem are exciting as the tools are both useful and convenient for everyone.
This DeFi Toolkit Creates Opportunities for All For anyone with experience in trading or those just getting started, the updated toolkit offers just the right opportunities. At the time of writing, Shiba Inu price is up 1.31% in the last day, trading at $0.00001268.
While Shiba Inu’s DeFi upgrades aim to boost utility, traders are also eyeing Bitcoin’s (BTC) volatility. Some predict a BTC price rally to $110K, while others warn of a crash. A strong BTC uptrend could lift the entire crypto market, including SHIB’s price trajectory.
Shiba Inu marketing specialist, Lucie, addresses the FUD surrounding the delisting of Bone ShibaSwap (BONE) from two centralized exchanges.
The Shiba Inu community received disappointing news earlier this week after OKX and ONUS announced plans to delist BONE. While OKX suspended BONE deposits on June 30, ONUS halted BONE purchases and swaps on July 1.
As expected, the delisting of BONE from two centralized exchanges sparked concerns among holders, who saw the value of their BONE holdings plummet massively.
Allegations of Manipulative Delisting Notably, Shiba Inu’s marketing lead took to X to address growing concerns about BONE’s delisting. She described the centralized exchanges as “manipulative.”
According to her, the delisting has nothing to do with BONE’s performance. She asserted that BONE isn’t even among the tokens with the lowest trading volumes on either platform. Lucie emphasized that she would not “chase” exchanges to support Shiba Inu ecosystem tokens.
Lucie Slams Centralized Exchanges She also expressed her belief in decentralized finance (DeFi), noting that the Shiba Inu team has been focused on building within the DeFi space, one that doesn’t require invasive identity checks, including KYC or even, as she sarcastically remarked, “blood samples.”.
Despite the delisting, Lucie emphasized that the team is not backing down and will focus on building out the ecosystem. She further took a swipe at centralized exchanges, claiming they usually list tokens that offer ‘big money.”
According to her, this practice enables them to continue promoting low-effort projects that often disappear within a short time.
Lucie also pointed to the failures of once-prominent centralized exchanges like WazirX, FTX, and Hotbit. Although they appeared solid at first, they were eventually exposed or exploited, serving as cautionary examples against overreliance on centralized platforms.
A Familiar Pattern Furthermore, Lucie noted that other major assets, including SHIB and XRP, have faced similar challenges. In particular, she recalled how several U.S.-based exchanges delisted XRP after the SEC filed a lawsuit against Ripple.
However, these exchanges have since relisted XRP after a federal court ruled that its secondary market sales do not violate federal securities laws.
Currently, BONE is down 18.95% over the past seven days, following its delisting from ONUS and OKX. However, it has recovered some of its losses in the past day, with its price soaring 9.5% to $0.1941.
Meanwhile, BONE remains available for trading on other centralized exchanges, such as Gate.io and HTX, which have seen over $2 million in volume in the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Centralized exchange Crypto.com has announced a Shiba Inu prize pool for users, with a $250,000 reward in SHIB for select participants.
Crypto.com has launched a new event in its Airdrop Arena, an earn section on its platform that rewards participants for staking the native CRO token. This time, it involves Shiba Inu, the second-largest meme coin by market cap.
Users to Receive Shiba Inu in Prize Pool For context, Crypto.com announced in a recent tweet that it has started a new reward program, where eligible users will share $250,000 worth of Shiba Inu. The new event requires users to stake the CRO token in the Airdrop Arena to participate.
Notably, the exchange will distribute the SHIB token to the top-ranking participants on a point basis. As a result, the more CRO tokens a user allocates, the better his chances of sharing in the prize money.
Meanwhile, Crypto.com is offering early birds an advantage. It will increase the points of the first 10,000 users to allocate to the new event by 120%. Furthermore, participants who lock up to 1,500 CRO in the Airdrop Arena will also receive a daily 120% boost.
According to the announcement, the reward program will last for one month, specifically from July 5 to August 4, 2025. Seven days after the event ends, qualified users who choose the Loot Locker option will receive a share of the $250,000 Shiba Inu prize money in their wallets.
The ongoing program demonstrates Crypto.com’s long-standing support for the Shiba Inu ecosystem and its ever-faithful community. The Singapore-based exchange listed Shiba Inu in May 2021 and has held a significant amount of the tokens in its reserve over the years.
In March 2023, it listed the Bone ShibaSwap (BONE) token, further increasing the visibility of the Shiba Inu ecosystem token. CEO Kris Marszalek also applauded the support of the Shiba Army towards the exchange following the listing event.
The Shiba Inu Ecosystem Continues to Build Meanwhile, the Shiba Inu team has demonstrated a commitment to building the ecosystem, despite recent price challenges. Luice, the ecosystem’s marketing lead, has assured enthusiasts that Shiba Inu is not going anywhere, as it is not built on 5,000 to 10,000 holders.
Moreover, the Shiba Inu lead, Shytoshi Kusama, has teased major updates for July, telling enthusiasts to prepare for what is in the pipeline. Specifically, he insinuated that the updates could be from the artificial intelligence (AI) front, as he noted that “July is JUL-AI.”
Notably, Kusama has been working on an AI-driven innovation for months, an aspect he believes will shape the Shiba Inu ecosystem’s future. The community expects the release of the whitepaper this month, as he suggested, with the recent partnership with AI gaming platform TokenPlayAI teased as a party starter.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shiba Inu and its ecosystem tokens are surging alongside Bitcoin as the global crypto market reaches a historic $3.81 trillion cap.
The trend highlights building excitement in the Shiba Inu community ahead of major AI-related reveals teased for “Jul-AI” by lead developer Shytoshi Kusama.
Today, July 14, the global crypto market reached a new all-time high of $3.81 trillion. Notably, this milestone came after Bitcoin soared to an unprecedented $123,218. The movement has sparked bullish momentum across altcoins, with the Shiba Inu ecosystem emerging as a standout performer.
SHIB Reclaims $8 Billion Market Cap In particular, the four primary tokens of the Shiba Inu ecosystem —SHIB, BONE, Treat, and LEASH —have all posted notable gains. This growth follows both market-wide optimism and anticipation surrounding upcoming AI-related developments.
SHIB, the flagship token, surged 4.34% over the past 24 hours. It regained a market capitalization of $8 billion and now ranks as the 19th largest cryptocurrency globally. At press time, SHIB trades at $0.00001380, reflecting a weekly gain of 16.92%.
Bone ShibaSwap Gains on Shibarium Usage Meanwhile, BONE, which powers Shiba Inu’s L2 blockchain Shibarium, saw a 3.7% rise to $0.2136. This marks a 9.3% increase over the past week. Its current market capitalization stands at $48.74 million, placing it 560th on the global cryptocurrency rankings.
The surge in BONE follows new data from the Shibarium blockchain explorer, which reveals impressive growth on the network. Since launching its mainnet on August 16, 2023, Shibarium has processed over 1.37 billion transactions, supports 267.23 million addresses, and has validated 12 million blocks.
In the past 24 hours alone, Shibarium recorded 4.59 million transactions, with an average block time of just 5 seconds.
LEASH and TREAT Meanwhile, LEASH, often branded as the “Dogecoin Killer,” posted modest gains of 0.8% to reach $119.66. Yet, the coin is up 9.1% over the past week, with a market cap that stands at $12.71 million.
The newest token, Treat, posted the most significant gains, surging 23.2% in 24 hours and 80% over the past week to trade at $0.002586. Despite its relatively small market cap of $2.32 million, Treat is gaining traction as excitement builds.
Anticipation Builds for “Jul-AI” Rollouts The price action aligns with heightened anticipation around new AI-driven developments within the Shiba Inu ecosystem.
As reported by The Crypto Basic, lead developer Shytoshi Kusama recently dubbed July as “Jul-AI.”
Specifically, he hinted at a series of announcements focused on artificial intelligence integration. According to Kusama, the month will feature AI-based releases, strategic updates, and new directions for the SHIB project. He emphasized that this July would not be “just another month,” but a turning point driven by intelligent tech implementation.
SHIB: The Metaverse Gets a Major Upgrade Adding to the momentum, the Shiba Inu team has rolled out a significant performance upgrade to SHIB: The Metaverse. The update improves loading times, removes lag and stuttering, and delivers a seamless user experience without compromising graphics quality.
With Bitcoin at record highs and a new phase of innovation on the horizon, the Shiba Inu ecosystem appears poised for a breakout in July.
Whether through AI partnerships, enhanced utilities, or further token rallies, investor interest and community engagement are expected to rise.
All eyes are now on Shytoshi Kusama as he prepares to reveal what “Jul-AI” truly means for the future of SHIB.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shiba Inu’s price has already crashed by over 60% from its November highs, and both technical and fundamental factors point to further downside in the near term.
Summary
Shiba Inu price has crashed by over 60% from its highest level in November. It has formed a bearish flag pattern, pointing to a strong bearish breakdown in the coming weeks. Top metrics like burn rate and Shibarium TVL have all plunged this year. Shiba Inu, the biggest meme coin on Ethereum (ETH) continues to experience weak metrics that puts its performance at risk.
Data compiled by Shibburn shows that the burn rate as dwindled in the past few days. It dropped by 72% on Tuesday, Aug. 12, to 181,928, which are equivalent to just $2.
Historically, SHIB price tends to perform better when the burn rate is rising, as reduced inflation boosts investor sentiment.
Shibarium, its layer-2 network, has also struggled to attract developers and investors. Its total value locked has fallen 10% in the past 30 days to $1.75 million, making it a minor player in an industry with a total TVL of nearly $300 billion.
Investor demand for Shiba Inu has weakened this year. Its 24-hour trading volume is $222 million, far below Dogecoin’s $1.7 billion and Pepe’s $698 million. Futures open interest has dropped to below $155 million.
Nansen data indicates that whales and smart money investors are no longer accumulating Shiba Inu. Whale holdings remain at 104.68 billion tokens, unchanged since July 21, while smart money holdings have fallen 22% in the past 30 days to 40.25 billion.
Shiba Inu whale buying has stalled | Source: Nansen Whale and smart money holdings are important because these investors are considered more experienced and sophisticated than typical retail traders.
Shiba Inu’s weak performance is partly due to investors shifting toward newer meme coins, especially those in the Solana ecosystem, reducing demand for SHIB.
One positive note is that exchange supply has continued to decline this year, currently at 278 billion SHIB, down from last month’s high of 285 trillion.
Shiba Inu price technical analysis SHIB price chart | Source: crypto.news The three-day chart shows that SHIB has moved sideways since February, trading between support at $0.00001070 and resistance at $0.00001750.
The coin has formed a bearish flag pattern, consisting of a vertical decline followed by a horizontal channel.
SHIB has moved below the 50-day and 100-day Exponential Moving Averages, indicating that bears remain in control for now.
A bearish breakdown will be confirmed if SHIB falls below the lower side of the flag at $0.00001070. A drop under this support would signal more downside in the near term.
A remarkable transaction coincided with the Bone ShibaSwap rally, with an unknown user buying $1.3 million worth of the token.
Notably, SHIBMAXXI took to X (formerly Twitter) to call attention to this transaction. The Shiba Inu community enthusiast noted that while some sold for penny profits, a user accrued massive amounts of the Shiba Inu-native token.
Furthermore, this was bullish for BONE, as the buyer could be expecting the token to rise significantly above its current price. According to SHIBMAXXI, the token could reach $1, marking a 334% rally from the current market price of $0.23.
Massive $1.3M Bone ShibaSwap Transaction Catches the Eye For context, a wallet indeed gulped millions of the Bone ShibaSwap token yesterday, according to Etherscan. Specifically, wallet address “0xe9B8” received 4.6 million BONE, worth approximately $1.08 million at the time, on Friday at 18:44 (UTC) from the Shiba Inu native decentralized exchange, ShibaSwap.
Interestingly, it did receive more. Data shows that it also amassed 900,000 BONE ($212,011) from the DEX almost immediately. Notably, the wallet was created the same day by an address tied to Union Chain, a zero-knowledge L2 blockchain.
BONE Token Transfer/Etherscan Remarkably, the wallet transferred all 5.5 million BONE almost instantaneously to another address, “0x6521,” with the transaction appearing more like a bot transaction. Notably, we identified the receiving address as a ShibaSwap StakeManager proxy, a ShibaSwap smart contract that manages staking and DeFi activities.
This means that the transaction may have been facilitated by the ShibaSwap StakeManager smart contract, possibly for staking purposes. It insinuates that the user could be staking BONE to become a validator on the Shiba Inu ecosystem.
BONE Token Soars Meanwhile, BONE has gone parabolic in the past 24 hours, mirroring a broader market trend. It has rallied by over 40% in the past 24 hours, reaching $0.230 at the time of writing.
Notably, BONE surged to a high of $0.34 on Friday from its opening price of $0.165, marking a 106% rally. However, its price has receded from the high to its current market price.
The BONE token clearly outperformed other Shiba Inu ecosystem tokens, with its face-melting rally in the past 24 hours. Within the timeframe, SHIB grew by 5.5% to $0.00001412%, while Doge Killer (LEASH) declined by 1.2% to $22
Moreover, the rally has sparked positive sentiments around the BONE token with the Shiba Inu community screaming for higher prices. The Shiba Inu team also has a bullish outlook for BONE, suggesting recently that the governance token would benefit immensely from a possible Shiba Inu spot ETF launch.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
