DeFi
TON and Polygon Launch New Layer-2 | Squarespace Exploit Exposes DeFi Projects | Key Takeaways | July 12, 2024
DG. Welcome back to BitPinas Key Points: easily digestible information in concise formats for easy reading. In today’s recap: Will we see Ethereum dapps in Telegram soon?
Here’s the latest crypto news from the last 24 hours.
Market Analysis and Updates 📈
Cryptocurrency Price Update
Here are the highlights of the day in cryptocurrencies:
- Bitcoin (BTC):$57,537.34, up 0.1% over the past 24 hours.
- Ethereum (ETH): $3,115.15 up 0.7% over the past 24 hours.
- Solana (SOL):$136.77, down 2.9% from the previous day.
Trending Coins Update
- Moca coin: $0.1177, up 85.069.7% from the previous day.
- Mother Iggy: $0.0402, up 33.0% in the last 24 hours.
- Water feature: $0.0008, down 7.7% from the previous day.
For daily price updates, check out our article on Facebook.
Featured News: TON Blockchain and Polygon Labs to Launch Layer 2 Scaling Network
The Open Network (TON) and Polygon Labs launch the TON Applications Chain (TAC), a new Layer 2 scaling network for the TON blockchain.
What is the signification ? This will make it easier for applications built on Ethereum to work with TON, helping Telegram users access more decentralized applications (dApps).
The details:TAC will use Polygon’s Blockchain Development Kit (CDK) and AggLayer interoperability protocol to enable Ethereum Virtual Machine (EVM) applications within the TON ecosystem.
And after:According to DecryptThere is no launch date for TAC yet, but it is expected to boost DeFi (decentralized finance) activity on Telegram.
Featured News: Websites of DeFi platforms Celer and Compound hacked; other platforms at risk
The websites of DeFi platforms Celer and Compound Finance have been hacked, raising concerns about the security of other major DeFi platforms.
What is really happening?: Blockchain security experts including 0xngmi of DefiLlama and Samczsun of Paradigm suggest that vulnerabilities in Squarespace’s registrar services could be the cause. They recommend transferring domains to more secure registrars like Cloudflare or AWS Cloud.
- The list of potentially affected domains can be found here.
Celer and Compound are investigating the violations and have advised users to avoid their websites until further notice.
Pendle was also hit, although he declared that they have already secured the website.
Additional details: Bobby Ong, Founder of Coingecko assigned the incident with Google moving its domain registrar to Squarespace:
There is a DNS attack going on right now, affecting the Squarespace domain registrar. The best thing to do is not interact with crypto and rest for the next few days until everything is resolved. Google sold their domain business to Squarespace a few months ago and the forced migration of domains to Squarespace removed 2FA, which left all of these domains vulnerable and several were hacked.
Bobby Ong
Cryptocurrency News in the Philippines 🇵🇭
- New iThink Hackathon offers ₱$255,000 prize pool for web3 with social impact.
- YGG Philippines at conclude national road trip to Manila.
Educational corner 🎓
If you’ve been reading BitPinas, you know that many Web3 games are moving to Sky Mavis’ Ronin blockchain. Here are some of the latest developments:
- MMORPG Runiverse forgotten Moves to the Ronin blockchain
- Sky Mavis, developer of Axie Infinity Bring Lumiterra MMORPG in Ronin
Regulatory monitoring 📜
Stay informed about the latest regulatory updates and what they mean for you:
- The US SEC said so will not continue anymore enforcement action against PAXOS, the creators of Binance USD.
- The SEC has previously alleged that the BUSD created by Paxos is a security. It appears that the SEC is now removing this position.
- OKX choice Malta as a European hub. They previously preferred France but had to change their preference after the MiCA (Markets in Crypto assets) rules in Europe.
Community Spotlight 🔦
Meeting with Joseph Lejardealso known as Whizkid Trader.
- Lejarde is a Certified Technical Analyst (CTA), a Certified Securities Specialist (CSS) and a Certified Treasury Professional (CTP).
- He is a frequent guest on the BitPinas webcast, especially during the last week of the month, where we typically discuss cryptocurrency market recaps and future price analysis.
Discover Joseph Lejarde here.
More news on Web3 and AI 💡
Discover the latest innovations in web3 and AI.
- Former OpenAI to leave to avoid “working for the AI Titanic.”
- Compound and Celer websites compromise with DeFi wallet drainers.
- Ethereum staked approach record highs ahead of ETF.
Web3 Games Section 🎮
The future of web3 is gaming, and here’s the latest news.
- Catizen wanna build a business ecosystem.
- The Founders of Hamster Kombat reveal origins of the game.
- Animoca Brands’ turnover was $280 million in 2023.
Event Announcements 📅
Do not miss:Upcoming events, webinars and meetups in the crypto space!
Outstanding 🌟
Major updates and announcements from the crypto and blockchain world:
- Bahamas would not CBDC.
- CryptoQuant Says Short-Term Trading Is Driving the surge Bitcoin reserves in exchanges.
- Check daily number active addresses on TON.
Stay connected:
We’d love to hear from you! Reply with your thoughts or questions.
This article is published on BitPinas: TON and Polygon launch new Layer 2 network for Telegram | Key Points | July 12, 2024
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.
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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
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.
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