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9 Best Crypto to Buy Now: Experts Suggest These Projects For 30X Profits

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9 Best Crypto to Buy Now: Experts Suggest These Projects For 30X Profits

The market is preparing for the biggest bull run of the year, and every investor has only one question in mind – what are the best cryptos to buy now?

However, in this crowded market, that is much easier said than done.

This is why we’re doing a deep dive into the cryptocurrency industry  and have turned the market inside out to find out the few hidden gems.

We looked into the project’s teams, token allocation, unique use cases, and most importantly, community sentiment.

After careful consideration, the best cheap crypto’s to buy right now are Dogeverse ($DOGEVERSE), Sealana ($SEAL), WienerAI ($WAI), Mega Dice ($DICE), 99Bitcoins ($99BTC), 5thScape ($5SCAPE), Sponge V2 ($SPONGEV2), Smog ($SMOG), and eTukTuk ($TUK).

Let’s check out the details and see why our experts highlighted these projects…

9 Best Crypto to Buy Now – Quick Overview

Before we take a closer look at these best cryptos to buy, let’s go over their basics:

9 Best Crypto to Buy Now – Detailed Analysis 

With the basics out of the way, let’s inspect these 30x potential cryptos in more detail.

Dogeverse ($DOGEVERSE) – Overall the Best Crypto to Buy Now

Overall, Dogeverse is the best cheap crypto to buy right now. 

As the world’s first multichain meme coin, Dogeverse is deployed across several major blockchains including Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana. 

This broad interoperability allows users to operate seamlessly across various ecosystems, enhancing the coin’s usability and appeal.

The theme of Dogeverse centres around Cosmo the Doge, which adds a fun and engaging narrative to the project. 

Its presale has been incredibly successful, raising over $250,000 within minutes, surpassing $4 million in a week, and now standing at over $15 million. 

This impressive early performance highlights strong investor interest and confidence in the project’s potential.

One of the key factors that make Dogeverse a standout cryptocurrency is its strategic tokenomics and ambitious future roadmap. 

The token is designed to encourage holding through incentives and staking rewards, which promise a sustainable model that can enhance its value over time. 

For the latest updates, you can follow Dogeverse on X and join its Telegram channel. 

If you want to maximise your returns, it’s best to get in now, as the presale is expected to close very soon, and $DOGEVERSE is most likely to skyrocket in value after that.

>>>BUY $DOGEVERSE THE MULTICHAIN MEME COIN WONDER AT PRESALE PRICE!<<<

Sealana ($SEAL) – New SOL-Based Meme Coin Surpasses $1 Million In Presale Funding

The next best crypto to hold now is also a meme coin – Sealana. 

Sealana is a plump seal who’s plunged into the depths of the Solana Sea. Anchored to his PC, he has traded his once svelte physique for a trader’s diet of chips and canned tuna. 

Inspired by South Park’s World of Warcraft guy, Sealana is constantly on the hunt for the next big Solana meme coin, keeping his flippers in a frenzy.

Sealana’s presale offers a unique ‘Send to Wallet’ style, drawing attention from the crypto community. 

>>>JOIN THE NEXT BIG SOL MEME COIN MOVEMENT WITH SEALANA<<<

Rumoured to be created by the same team behind the viral SLERF token, which saw massive gains in March 2024, Sealana is poised for significant interest. 

Investors can acquire $SEAL through the website widget or by sending SOL directly to the presale wallet. Once the presale concludes, participants will receive token airdrops.

Currently, 1 SOL will get you 6,900 $SEAL, but the price will increase as the presale progresses, so it’s best to get in early. 

For those choosing to pay by sending tokens directly to Sealana’s wallet, it’s important to use a DEX wallet, as tokens from centralized exchanges (CEXs) will not qualify for the airdrop.

Sealana combines humour with strategic tokenomics, making it an attractive option for early investors. 

As the presale gains momentum, Sealana’s playful narrative and unique approach position it as a promising addition to any crypto portfolio. 

For more details, visit the Sealana website and stay updated by joining their community on social media.

Wiener AI ($WAI) – Dog-Themed Meme Coin With Insane Staking APY

Moving on our list, we have another promising meme coin that’s combining AI with funny branding – Wiener AI ($WAI). 

This latest dog-themed meme coin aims to capitalise on the popularity of coins like Bonk, Myro, Dogecoin, and Shiba Inu.

You can currently buy Wiener AI in a multi-stage token presale, with each stage offering tokens at a slightly higher price than the previous one. 

To get the best deal, it’s best to buy as early as possible. So far, $WAI has raised over $2 million in its live presale.

To buy $WAI, simply connect your Ethereum wallet to the WAI Inu presale site and use ETH or USDT for the transaction. After purchasing $WAI tokens, you can stake them immediately to earn staking rewards. 

Keep in mind that the annual percentage yield (APY) will decrease as more tokens are staked. Once the presale concludes, your tokens will be distributed.

According to the Wiener AI whitepaper, out of the total 6.9 billion tokens, 20% are allocated for staking rewards. This structure ensures that early adopters are well rewarded. 

However, staking is only one aspect that continues to attract investors to WienerAI. The project has also created a revolutionary AI-powered trading bot that uses predictive technology to help traders find all the hidden gems lurking in the crypto market.

As such, it operates as each user’s personal crypto trading partner — one that is not motivated by greed or personal gain, but by facts, maths, trends, and the like

Wiener AI’s strategic approach and innovative features, combined with its humorous branding, make it an attractive option for investors looking for the next big thing in the meme coin space. 

If you’re interested in joining this growing community, now is the perfect time to get involved.

>>>EARN GENERATIONAL WEALTH WITH WIENER AI’S STAKING<<<

Mega Dice ($DICE) – New Crypto Casino Launches Its Native Token Presale 

The next token on our list is the native currency of one of the best online crypto casinos – Mega Dice. 

Mega Dice Token ($DICE) is a pioneering platform in the crypto space that aims to offer more transparency, earning potential, and regular rewards by leveraging blockchain technology.

On the Mega Dice casino and sports betting platform, $DICE can be used to access exclusive rewards, promotions, and priority access to casino games. 

Additionally, the token can be staked for periods of ten days, three months, or six months to generate high annual yields, offering an attractive earning opportunity for token holders.

Mega Dice Token also incorporates elements of GameFi, allowing users to access limited-edition NFTs on the platform. 

Furthermore, the token is running an airdrop campaign for presale investors, where $2.25 million USDT will be distributed, adding to the potential rewards for early adopters.

To incentivize user acquisition, Mega Dice Token offers a referral program where token holders can earn a 25% revenue share from any new referrals they bring to the platform.

With its innovative features, attractive earning opportunities, and seamless integration into the Mega Dice casino ecosystem, Mega Dice Token is shaping up to be one of the most promising new presales in 2024. 

>>>GET EXCLUSIVE ACCESS TO THE BEST SPORTS BETTING PLATFORM WITH MEGA DICE<<<

99 Bitcoins ($99BTC) – Respected Crypto Media Outlet Releases a Learn-to-Earn Platform

99Bitcoins, a trusted crypto-learning platform with over 700,000 users, has launched its presale token, $99BTC.

Transforming into a learn-to-earn platform, 99Bitcoins now offers staking rewards, community benefits, and access to expert trading signals.

Holders of $99BTC gain access to VIP groups, providing opportunities to connect with like-minded individuals and expand their crypto knowledge.

One of the main advantages of holding $99BTC is the comprehensive curriculum of both basic and advanced crypto-learning modules. 

As members progress through these modules, complete assessments, and participate in quizzes, they earn crypto tokens as rewards. This model makes the learning process engaging and profitable.

>>>LEARN ABOUT CRYPTO AND GET REWARDED FOR DOING IT WHEN YOU BUY 99BITCOINS<<<

Additionally, $99BTC holders receive expert trading signals, helping them stay ahead in the fast-moving crypto market. The token also offers staking rewards, allowing holders to earn passive income by locking up their tokens for specified periods.

99Bitcoins aims to make crypto education accessible and enjoyable. By integrating a learn-to-earn approach, it incentivizes users to expand their knowledge while earning rewards. 

Join the 99Bitcoins community to stay updated on the latest developments and be part of this revolutionary platform that combines education with earning potential. 

5th Scape ($5SCAPE) – VR/AR Crypto Platform

5th Scape is revolutionising the virtual reality (VR) gaming landscape with its innovative Ethereum-based platform, offering an immersive metaverse experience like no other. 

This cutting-edge platform leverages ultra-realistic 3D graphics, precision motion tracking, and full-body immersion to redefine the way we engage with virtual entertainment.

5th Scape caters to diverse gaming interests with its extensive lineup of games. Adrenaline junkies can indulge in the intense MMA battles of Cage Conquest, while strategic gamers can immerse themselves in the medieval combat of Epic Arena, showcasing the platform’s versatility.

Extending beyond gaming, 5th Scape serves as a hub for VR technology, providing premium VR headsets and ergonomic gaming chairs to enhance the overall user experience. 

The 5SCAPE token plays a crucial role in facilitating transactions within the ecosystem, enabling users to purchase games, access content, and acquire hardware. 

BUY & HOLD $5SCAPE TO GAIN PREMIUM ACCESS TO LATEST VR/AR GAMES 

This ICO presents a strategic opportunity for investors to tap into the burgeoning VR market, as token prices are expected to rise as the presale progresses.

For those eager to experience the future of VR gaming and technology, 5th Scape offers a compelling opportunity to be part of a cutting-edge platform that seamlessly blends entertainment, education, and innovation. 

Sponge V2 ($SPONGEV2) – Next-Gen of Last Year’s $100M MCAP Runner

SpongeV2 is the latest version of the $SPONGE meme token, which initially made waves in 2023 by skyrocketing its market cap to over $100 million. 

Building on this momentum, SpongeV2 aims to further captivate the crypto community by increasing the total supply to 150 billion tokens and introducing a new play-to-earn racing game where players can earn $SPONGE tokens.

The development team behind SpongeV2 has set ambitious goals, including potential listings on major exchanges like Binance and OKX. 

Achieving these listings could significantly enhance the token’s visibility and value, much like other meme coins that have seen price surges post-listing.

Currently, acquiring SpongeV2 requires investors to stake and permanently lock their V1 tokens. 

The introduction of the play-to-earn racing game adds an exciting new dimension to the $SPONGE ecosystem, offering an engaging way for players to earn tokens while enjoying the game. 

>>>MISSED INITIAL 100X RUN? SPONGE V2 GIVES YOU A SECOND CHANCE WITH IMPROVED CAPABILITIES<<<

Moreover, the increased total supply of 150 billion tokens ensures that there is ample opportunity for new and existing investors to get involved. 

The team’s focus on securing high-profile exchange listings is a strategic move aimed at driving further growth and adoption.

Stay updated on the latest developments by following the SpongeV2 community on social media and participating in the ongoing discussions.

Smog Token ($SMOG) – The Rising Star of the Solana Network

A popular trending token right now is Smog ($SMOG), a new meme coin built on the Solana blockchain. 

Unlike many other tokens, Smog opted for a fair launch in February 2024, skipping the presale stage entirely and listing directly on the Jupiter decentralised exchange. 

This approach has paid off, as Jupiter has recently been experiencing higher trading volumes than even Uniswap. 

Smog can be purchased with ETH or USDT through the Smog website, offering flexibility for investors. Currently, staking is live, with investors earning an attractive 42% APY by staking their $SMOG tokens.

In the first 24 hours post-launch, $SMOG’s price soared by more than 1,300%, and it has since climbed to over 5,200% from its initial price. 

This impressive growth has seen the token’s market cap rise from $2 million at launch to over $239 million today.

Holders of $SMOG tokens can earn additional rewards through airdrops and community bounties. 

>>>RIDE THE BEST SOLANA DRAGON WITH SMOG<<<

Simply holding $SMOG allows investors to generate airdrop points, and future plans include introducing new quests and challenges to earn even more points. While the specific airdrop date has not been announced, it is confirmed that 490 million tokens (35% of the total 1.4 billion supply) will be distributed as airdrop rewards. 

Additionally, another 700 million tokens are allocated for marketing purposes to further promote the project.

Smog’s unique approach and rapid growth make it an intriguing option for investors looking to capitalize on the meme coin trend. 

eTukTuk ($TUK) – Empowering Green Transportation in Developing Countries 

eTukTuk (TUK) is revolutionizing the transportation sector in developing nations by creating a network of charging stations for electric vehicles (EVs). 

This eco-friendly project aims to help TukTuk drivers transition from combustion engines to EVs by providing incentives and rewards. Currently, eTukTuk offers an impressive 84% APY during its presale.

Built on the Binance Smart Chain, eTukTuk uses a proof-of-stake mechanism, enabling $TUK token holders to earn passive income through staking. 

The platform plans to set up electric vehicle supply equipment (EVSEs) in urban and rural areas across various developing economies, making EV charging more accessible.

The EVSEs will be compatible with zero-emission vehicles (ZEVs) and other EV devices. These stations will be installed and operated locally, with territory partners helping manage the setup. 

By employing local partners, eTukTuk aims to significantly reduce operational costs, helping TukTuk drivers save up to 400% in wages.

eTukTuk is also developing a driver app, allowing TukTuk drivers to charge their EVs conveniently at these stations. 

Additionally, staked token holders will earn passive income from the total funds generated by the charging stations.

So far, the project has raised over $3.3 million during its presale.

eTukTuk’s initiative not only supports the adoption of eco-friendly transportation but also offers financial benefits to its participants. 

By leveraging local resources and offering substantial rewards, eTukTuk is set to make a significant impact in the EV market within developing economies.

Stay updated on the project’s progress and join the eTukTuk community to participate in this transformative initiative.

>>>DON’T MISS OUT ON THE GREEN REVOLUTION! JOIN THE eTUKTUK PRESALE NOW AND DRIVE THE FUTURE OF SUSTAINABLE TRANSPORTATION WITH $TUK<<<

Conclusion

After a bearish period following the halving, the market is finally beginning to show signs of recovery. 

Historically, post-halving phases have seen about a month of bearish sentiment before massive bull runs commence. 

During these periods, many coins often see 2-3X growth. 

However, finding the 20X or larger gems requires more in-depth research and the projects we’ve highlighted today have the potential to skyrocket by the end of this bull run.

All you need to do is select one or a few that align well with your portfolio. Happy investing!

FAQ

What is the best crypto to buy right now?
– The best crypto to buy right now includes Dogeverse, Sealana, Wiener AI, Mega Dice, and 99Bitcoins, among others.

Can these cryptocurrencies 30x my investment?
– While no investment is guaranteed, our experts have identified these projects as having high potential for 30X gains, or higher.

What methods did you use to identify these high-potential crypto projects?
– Our experts conducted thorough research, analysing project teams, tokenomics, unique use cases, and community sentiment to identify the best cryptos to buy now.

 

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We are the editorial team of Digital Finance News, 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 Digital Finance News, 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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Markets

Today’s top crypto gainers and losers

Digital Finance News Staff

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Jupiter and JasmyCoin lead the rally: Top crypto gainers and losers of the day

Over the past 24 hours, Jupiter and JasmyCoin emerged as the top gainers among the top 100 crypto assets, while Bittensor and Mantra plunged as the top losers.

Top Winners

Jupiter

Jupiter (JUP) led the charge among the biggest gainers on July 27.

At the time of writing, the crypto asset had surged 12.6% in the past 24 hours and was trading at $1.16. JUP’s daily trading volume was hovering around $282 million, according to data from crypto.news.

JUP Hourly Price Chart, July 26-27 | Source: crypto.news

Additionally, the cryptocurrency’s market cap stood at $1.56 billion, making it the 62nd largest crypto asset, according to CoinGecko. Despite the recent price surge, the token is still down 42.6% from its all-time high of $2 reached on Jan. 31.

Jupiter functions as a decentralized exchange aggregator that allows users to trade Solana-based tokens. The platform also offers users the best routes for direct trades between multiple exchanges and liquidity pools.

In addition to being a DEX aggregator, Jupiter has expanded into a “full stack ecosystem” by launching several new projects, including a dedicated pool to support perpetual trading and plans for a stablecoin.

JasmyCoin

JasmyCoin (JASMI) has increased by 12% in the last 24 hours and is trading at $0.0328 at press time. JASMY’s daily trading volume has increased by 10% in the last 24 hours, reaching $146 million.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 2

JASMY Hourly Price Chart, July 26-27 | Source: crypto.news

The asset’s market cap has surpassed the $1.5 billion mark, making it the 60th largest cryptocurrency at the time of reporting. However, the self-proclaimed “Bitcoin of Japan” is still down 99.3% from its all-time high of $4.79 on February 16, 2021.

JASMY is the native token of Jasmy Corporation, a Japanese Internet of Things provider. The platform seeks to merge the decentralization of blockchain technology with IoT, allowing users to convert their digital information into digital assets.

The initiative was launched by Kunitake Ando, ​​former COO of Sony Corporation, along with Kazumasa Sato, former CEO of Sony Style.com Japan Inc., Hiroshi Harada, executive financial analyst at KPMG, and other senior executives from Japan.

Kaspa

Kaspa (KAS) saw a 100% increase in trading volume and an 8% increase in price over the past 24 hours, trading at $0.19 at the time of publication.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 3

KAS Hourly Price Chart, July 26-27 | Source: crypto.news

According to data from CoinGecko, Kaspa now ranks 27th in the global cryptocurrency list, with a circulating supply of approximately 24.29 billion KAS tokens and a market capitalization of $4.59 billion.

Kaspa is a cryptocurrency designed to deliver a high-performance, scalable, and secure blockchain platform. Its unique Layer-1 protocol includes the GhostDAG protocol, a proof-of-work (PoW) consensus mechanism that enables faster block times and higher transaction throughput compared to standard blockchains.

Unlike Bitcoin, GhostDAG allows multiple blocks to be created simultaneously, speeding up transactions and increasing block rewards for miners.

Bonk

Bonk (BONK) is the only one coin meme which made it to this list of biggest gainers and jumped 8.6% in the last 24 hours. Trading at $0.000030, the Solana-based meme coin’s market cap has surpassed $2.1 billion, surpassing Floki (FLOKI), another competing dog-themed coin with a market cap of $1.78 billion.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 4

BONK Hourly Price Chart, July 26-27 | Source: crypto.news

BONK’s daily trading volume hovered around $285 million. However, BONK is still down 33.5% from its all-time high of $0.000045, reached on March 4.

Bonk, a meme coin that rose to prominence in 2023, has contributed significantly to Solana’s value increase amid the meme coin frenzy.

Bonk started out as a simple dog-themed coin. It has since expanded its features to include integration with decentralized finance. The project also partners with cross-chain communication protocols, NFT marketplaces, and various other cryptocurrency ecosystems.

BONK trading pairs are now listed on major exchanges including Binance, Coinbase, OKX, and Bitstamp.

The big losers

Bittensor

Bittensor (TAO) was the biggest loser among the 100 largest crypto assets, according to data from CoinGecko.

At the time of writing, TAO, the native token of decentralized AI project Bittensor, was down 5%, trading around $344. The crypto asset had a daily trading volume of $59 million and a market cap of $2.43 billion.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 5

TAO 24 Hour Price Chart | Source: CoinGecko

Bittensor, created in 2019 by AI researchers Ala Shaabana and Jacob Steeves, initially operated as a parachain on Polkadot before transitioning to its own layer-1 blockchain in March 2023.

Mantra

Mantra (OM) fell 6%, trading at $1.13 at press time. The digital currency’s market cap fell to $938 million. Additionally, the 82nd largest crypto asset has a daily trading volume of $26 million.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 6

OM Price Hourly Chart, July 26-27 | Source: crypto.news

Mantra is a modular blockchain network comprising two chains, Manta Pacific and Manta Atlantic, specialized in zero-knowledge applications.

Coat

Coat (MNT) also saw a 2.4% drop in price, now trading at $0.8413. Currently, Mantle has a market cap of around $2.75 billion, which ranks 36th in the global cryptocurrency rankings by market cap, according to price data from crypto.news.

Jupiter and JasmyCoin lead the rally: Today's top crypto gainers and losers - 7

MNT Hourly Price Chart, July 26-27 | Source: crypto.news

Over the past 24 hours, MNT trading volume also fell by 6%, reaching $240 million.

Mantle, formerly known as BitDAO, is an investment DAO closely associated with Bybit. The MNT token is essential for governance, paying gas fees on the Mantle network, and staking on various platforms.

Built on the Ethereum network, Mantle provides a platform for decentralized application developers to launch their projects. It has become particularly popular for GameFi applications, leading to the formation of an internal Web3 gaming team.

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Bitcoin Price Drops to $67,000 Despite Trump’s Pro-Crypto Comments, Further Correction Ahead?

Digital Finance News Staff

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Bitcoin Price Drops to $67,000 Despite Trump’s Pro-Crypto Comments, Further Correction Ahead?

Pioneer cryptocurrency Bitcoin has registered a 1.13% decline in the past 24 hours to trade at $67,400. Despite a strong pro-crypto stance from US presidential candidate Donald Trump at the Bitcoin 2024 conference, this massive selloff has raised concerns in the market about the asset’s sustainability at a higher price. However, given the recent three-week rally, a slight pullback this weekend is justifiable and necessary to regain the depleted bullish momentum.

Bitcoin Price Flag Formation Hints at Opportunity to Break Beyond $80,000

The medium-term trend Bitcoin Price remains a sideways trend amidst the formation of a bullish flag pattern. This chart pattern is defined by two descending lines that are currently shaping the price trajectory by providing dynamic resistance and support.

On July 5, BTC saw a bullish reversal from the flag pattern at $53,485, increasing its asset by 29.75% to a high of $69,400. This recent spike followed the market’s positive sentiment towards the Donald Trump speech at the Bitcoin 2024 conference in Nashville on Saturday afternoon.

Bitcoin Price | Tradingview

In his speech, Trump outlined several pro-crypto initiatives: he promised to replace SEC Chairman Gary Gensler on his first day in office, to establish a Strategic National Reserve of Bitcoin if elected, to ensure that the U.S. government holds all of its assets. Bitcoin assets and block any attempt to create a central bank digital currency (CBDC) during his presidency.

He also claimed that under his leadership, Bitcoin and cryptocurrencies will skyrocket like never before.

Despite Donald Trump’s optimistic promises, the BTC price failed to reach $70,000 and is currently trading at $67,400. As a result, Bitcoin’s market cap has dipped slightly to hover at $1.335 trillion.

However, this pullback is justified, as Bitcoin price has recently seen significant growth over the past three weeks, which has significantly improved market sentiment. Thus, price action over the weekend could replenish the depleted bullish momentum, potentially strengthening an attempt to break out from the flag pattern at $70,130.

A successful breakout will signal the continuation of the uptrend and extend the Bitcoin price forecast target at $78,000, followed by $84,000.

On the other hand, if the supply pressure on the upper trendline persists, the asset price could trigger further corrections for a few weeks or months.

Technical indicator:

  • Pivot levels: The traditional pivot indicator suggests that the price pullback could see immediate support at $64,400, followed by a correction floor at $56,700.
  • Moving average convergence-divergence: A bullish crossover state between the MACD (blue) and the signal (orange) ensure that the recovery dynamics are intact.

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Frequently Asked Questions

A CBDC is a digital form of fiat currency issued and regulated by a country’s central bank. It aims to provide a digital alternative to traditional banknotes.

The proposal for a strategic national Bitcoin reserve is a major confirmation of Bitcoin’s legitimacy and potential as a reserve asset. Such a move could position Bitcoin in a similar way to gold, potentially stabilizing its price and encouraging other countries to adopt similar strategies.

Conferences like Bitcoin 2024 serve as essential platforms for networking, knowledge sharing, and showcasing new technologies within the cryptocurrency industry.

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Swiss crypto bank Sygnum reports profitability after surge in first-half trading volumes – DL News

Digital Finance News Staff

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Swiss crypto bank Sygnum reports profitability after surge in first-half trading volumes – DL News
  • Sygnum says it has reached profitability after increasing transaction volumes.
  • The Swiss crypto bank does not disclose specific profit figures.

Sygnum, a Swiss global crypto banking group with approximately $4.5 billion in client assets, announced that it has achieved profitability after a strong first half, with key metrics showing year-to-date growth.

The company said in a Press release Compared to the same period last year, cryptocurrency spot trading volumes doubled, cryptocurrency derivatives trading increased by 500%, and lending volumes increased by 360%. The exact figures for the first half of the year were not disclosed.

Sygnum said its staking service has also grown, with the percentage of Ethereum staked by customers increasing to 42%. For institutional clients, staking Ethereum has a benefit that goes beyond the limitations of the ETF framework, which excludes staking returns, Sygnum noted.

“The approval and launch of Bitcoin and Ethereum ETFs was a turning point for the crypto industry this year, leading to a major increase in demand for trusted, regulated exposure to digital assets,” said Martin Burgherr, Chief Client Officer of Sygnum.

He added: “This is also reflected in Sygnum’s own growth, with our core business segments recording significant year-to-date growth in the first half of the year.”

Sygnum, which has also been licensed in Luxembourg since 2022, plans to expand into European and Asian markets, the statement said.

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Former White House official Anthony Scaramucci says cryptocurrency bull market could be sparked by regulatory clarity

Digital Finance News Staff

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Former White House official Anthony Scaramucci says cryptocurrency bull market could be sparked by regulatory clarity

Anthony Scaramucci, founder of Skybridge Capital, says the next cryptocurrency bull market could be sparked by a new wave of clear cryptocurrency regulations.

In a new interview On CNBC’s Squawk Box, the former White House communications director said he and two other prominent industry figures traveled to Washington, D.C. to speak to officials about the dangers of Sen. Elizabeth Warren and U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s hardline approach to cryptocurrency regulation.

“Mark Cuban, myself, and Michael Novogratz were in Washington a few weeks ago to speak with White House officials and explain the dangers of Gary Gensler and Elizabeth Warren’s anti-crypto approach. I hope that message gets through…

“Overall, if we can get regulatory policy around Bitcoin and crypto assets in sync, we will have a bull market next year for these assets.”

Scaramucci then compares crypto assets to ride-hailing company Uber, saying regulators were initially wary of the service but eventually decided to adopt clear guidelines due to public demand.

“Remember Uber: Nobody wanted Uber. A lot of regulators didn’t want it. Mayors and deputy mayors didn’t want it, but citizens wanted Uber and eventually accepted the idea of ​​regulating it fairly. I think we’re there now.”

The CEO also says young Democratic voters believe their leaders are making the wrong choices when it comes to digital assets.

“I think President Trump’s move toward Bitcoin and crypto assets has shaken Democrats to their core, and I think very smart, younger Democrats are recognizing that they are completely off base with their positions, completely off base with these SEC lawsuits and regulation by law enforcement, and now they need to get back to the center.”

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