DeFi
🚀Bitcoin Surpasses $70,000 to Kick Off June
Together with
GM Challengers!
✍️ In today’s newsletter:
- June kicks off with a Bitcoin boom
- Core Ecosystem TVL Hits All-Time High
- Wisconsin Pension Fund Buys $160 Million in Bitcoin
- Linea Shuts Down Network After Velocore Exploit
- StarkWare reveals ambitious plan to scale Bitcoin
🙏Sponsored
📈 Markets of the last 24 hours:
Bitcoin | $69,00551.87 | % |
Ethereum | $3,774 | -0.17% |
Gold | 1st Future2 $347 1.02 | % |
S&P500 | 5283.40 0.11 | % |
Web Arch | 32:35 | -1.10% |
Learn more about Arch Indices,[object Object] | % |
🎬WATCH
Check out our interview with Sergei Nazarovthe co-founder of Chain link, to stay up to date with the latest news from the main Oracle network. Plus, watch our DeFi 101 exploration video passive income strategies!
THANK YOU TO OUR NEWSLETTER SPONSORS
| THE NEWSLETTER CONTINUES BELOW |
Stellar allows manufacturers to unleash human and economic potential. Explore the new Stellar smart contracts platform, Sorobándesigned for scale and sensitivity.
DeFi Saver is an all-in-one management dashboard for decentralized financial protocols, with more powerful interfaces, trading features and automation options for Aave, Compound, Curve, Spark, Morpho Blue and more.
💥June kicks off with a Bitcoin boom
Crypto markets recovered on Monday ahead of a week full of macroeconomic updates.
Data from CoinShares Research shows that capital has flowed into digital asset investment products for the fourth consecutive week, totaling $185 million.
📈Core Ecosystem TVL Hits All-Time High
Coinbase Layer 2 blockchain has reached a critical pointA record level in terms of total value locked (TVL) as investors eagerly await the stock market new smart wallet.
Activity and TVL on the channel started to increase significantly after the implementation of EIP-4844 in March.
🐮Wisconsin Pension Fund Buys $160M worth of Bitcoin in Pioneering Initiative
Wisconsin Retirees Now Exposed to Bitcoinafter the state pension fund allocated about 0.1% of its $156 billion portfolio to spot Bitcoin ETFs.
The Wisconsin State Investment Board invested approximately $160 million in iShares Bitcoin Trust from Blackrock and Bitcoin Trust from Grayscale.
SPONSORED ARTICLE
CoinGecko API is the world’s most comprehensive and trusted cryptocurrency data API provider, providing aggregate prices, market data, metadata, exchange data, historical data, community statistics and, recently, on-chain DEX data.
Access comprehensive data for over 2.7 million tokens (including those not listed on CoinGecko) and over 3.2 million liquidity pools, across 1,100+ networks and 150+ DEXs. From on-chain token and liquidity pool data to trend pools, pool transactions, and OHLCV chart data, the CoinGecko API provides unparalleled depth and coverage for analysts, developers, and DeFi projects.
Simplify your onboarding process and power your project with a unified crypto data API that provides comprehensive coverage. Take 15% off with code ‘DEFIANT’ applied to www.coingecko.com/API. Valid on all self-service plans, for new users only.
LEARN MORE: ICYMI, access on-chain DEX data from the CoinGecko API
🛑Linea Shuts Down Network After Velocore Exploit
Ethereum Layer 2 Network Linea announced the cessation of block production due to security breach at Velocorea decentralized exchange on its network.
A hacker managed to exploit Velocore and steal $7 million of assets before moving 700 ETH (approximately $2.7 million) from the network using a third-party bridge. To prevent the attacker from linking more assets, Linea stopped the sequencerits transaction processing system.
⛓️StarkWare reveals ambitious plan to scale Bitcoin with controversial upgrade
StarkWarethe team that launched zero-knowledge rollups in 2018 and developed Layer 2 Starknet, has unveiled a ambitious plan to scale Bitcoin from now on.
🌍 SOMEWHERE ELSE
- Bitcoin ETFs Resume Winning Streak; BlackRock’s IBIT exceeds $20 billion in assets under management (CoinDesk)
- Donald Trump claims profits from ‘crazy new currencies’ – here’s a look at the cryptos he owns (Benzinga)
- Deutsche Bank partners with Bitpanda in ‘cautious’ crypto shift (Reuters)
🔥 TRENDY
DeFi
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.
DeFi
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
 
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
DeFi
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
 
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
DeFi
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.
-
Tech9 months ago
The Latest Tech News in Crypto and Blockchain
-
DeFi9 months ago
🪂EigenLayer Airdrop Claims Go Live
-
News6 months ago
AI meme Raboo and crypto newbie ZRO
-
Altcoins6 months ago
Altcoins Are Severely Undervalued, Awaiting Ethereum Move | Flash News Detail
-
Altcoins6 months ago
Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail
-
DeFi6 months ago
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
-
News6 months ago
Donald Trump vows to make the US a ‘Bitcoin superpower’ and create a national stockpile of tokens
-
DeFi9 months ago
🥛 The “war on DeFi” continues ⚔️
-
DeFi9 months ago
TON Network Surpasses $200M TVL, Boosted by Open League and DeFi Growth ⋆ ZyCrypto
-
DeFi6 months ago
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
-
DeFi8 months ago
🏴☠️ Pump.Fun operated by Insider Exploit
-
Tech6 months ago
Logan Paul Offers Partial Refund for Failed CryptoZoo Game