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DeFi

🇬🇧 Trump formalizes crypto pivot of his Republican political platform

CoinFlix Staff

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Donald Trump and the Republican Party reaffirm their commitment to supporting the cryptocurrency industry. Trump’s newly released policy platform includes a commitment to supporting innovation in the Web3 sector.

BlackRock’s BUIDL tokenized treasury fund has surpassed $500 million in assets under management less than four months after its launch. The value of on-chain treasury assets is $1.81 trillion after surging 133% since the start of 2024.

Cryptocurrency markets continue to rally after collapsing over the weekend due to outflows from Mt. Gox. Digital assets were boosted by Bitcoin spot ETFs that recorded their largest daily inflow in five weeks.

Additionally, Zircuit suffers heavy outflows as phase two rewards begin, Raydium surpasses Uniswap in weekly fees, and Paxful co-founder pleads guilty to DoJ charges.

✍️ In today’s newsletter:

  • Republican Party Makes Trump’s Crypto Shift Official
  • BUIDL Crosses $500 Million Asset Mark
  • Markets Rebound on Surging Bitcoin ETF Flows
  • Investors Brace for Mt. Gox Creditor Distributions
  • Zircuit’s TVL drops by $400 million due to capital outflows
  • Raydium Eclipses Uniswap in Fees and Transactions
  • Paxful co-founder faces up to five years in prison

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Stellar enables builders to unleash human and economic potential. Discover the new Stellar smart contract platform, Sorobandesigned for scale and sensitivity.

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PayPal stablecoin PYUSD is live on Solana. PayPal has over two decades of experience in payments and now enables low-cost, high-speed Web3 payments with the launch of PYUSD on Solana. Learn more about PYUSD on Solana and start building the future of payments.

PayPal, Inc. is licensed to conduct virtual currency business activities by the New York State Department of Financial Services.

Trump reiterates commitment to cryptocurrencies in RNC-backed policy document

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Donald Trump agrees to promote innovation in the crypto industry and support the US Bitcoin mining sector in his July 8 message political platform document. The document received approval from the Republican National Convention.

👀Blackrock’s BUIDL fund, which represents tokenized Treasuries, surpasses $500 million

The value of assets managed by BlackRock’s Tokenized Treasury FundBUIDL, a exceeded $500 million less than four months after its debut. Treasures in Chain has climbed 133% this year, with the sector posting growth of more than $1.81 billion market capitalization.

📈Cryptocurrency markets rebound as Bitcoin spot ETFs see highest inflows since June 6

Digital assets benefit modest gains as markets continue to recover from the the sharp drop over the weekendCryptocurrencies have been boosted by the highest daily influx spot Bitcoin ETF In five weekswith nearly $295 million entered the sector on July 8.

😱Cryptocurrency markets in turmoil as Mt. Gox multi-billion dollar payouts begin

Cryptocurrency Investors Get Ready for the possibility of billions of Bitcoin entering the markets Mount Gox begins manufacturing advance payments to creditors. The company seems to have already paid a nine-figure value in BTC on Bitbank and SBI VC Trade exchanges, with approximately 4 billion dollars should follow this month.

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The OEV Network was recently launched by API3 and is available on 37 networks, marking an important milestone in the next evolution of the oracle infrastructure used to secure DeFi protocols.

The OEV Network is a major upgrade to the Oracle API3 stack and is designed to address the pervasive Maximum Extractable Value (MEV) problem on lending protocols, which has historically led to millions of dollars in lost value each year. By providing lending protocols with a solution to recover this value, the OEV Network not only improves the financial viability of these protocols, but will likely disrupt existing business models in this competitive sector of the blockchain.

LEARN MORE: API3’s OEV Network Transforms Lending Protocols with Next-Generation Oracle Solution

⬇️Zircuit Loses Half a Billion Dollars in TVL as Second Phase of Rewards Program Kicks Off

Zirconia hopes to consolidate its TVL with the second phase of his points campaign. The next layer 2 attracted a $3.5 billion peak in TVL at the beginning of May despite the fact that it is pre-main networkbut a recent one wave of releases drove his TVL from $2.5 billion to $2.1 billion over the past week.

🚀️Solana DEX Raydium topples Uniswap in weekly fees

Raydiumthe leading decentralized exchange on Solana, has overtaken Uniswap by fees amid surge in trading volume. Raydium hosted 57 million transactions over the past week compared to $4.47 million from Uniswapwhich gives Raydium a 15% lead in terms of fee revenue. However, Uniswap still leads in terms of total volume with $12 billion, beating Raydium’s $5.39 billion.

🚨Paxful Co-Founder Pleads Guilty to Money Laundering

Artur Schaback, the co-founder and former technical director of Paxful, pleaded guilty failing to establish an effective relationship fight against money laundering program for peer-to-peer cryptocurrency exchange. Schaback’s sentencing is scheduled for November, with the former executive facing up to five years in prison.

🌍 SOMEWHERE ELSE

  • PayPal’s stablecoin surpasses $500 million market cap following Solana expansion (The block)
  • Singapore court rules in favor of Fantom Foundation in lawsuit against Multichain (VSryptoSlate)
  • Sam Altman’s Layer-2 Blockchain Project World Chain Opens to Developers (CoinDesk)
  • Lido Governance Authorizes $200,000 to Hire Law Firm to Dismiss Class Action (unleashed)

🔥 TREND

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We are the editorial team of CoinFlix, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on CoinFlix, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

CoinFlix Staff

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If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

CoinFlix Staff

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Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/ktsdesign



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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

CoinFlix Staff

Published

on

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/ktsdesign



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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

CoinFlix Staff

Published

on

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

Continue Reading

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