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Ethereum’s Merge Could Be ‘Sell the News’ Event, Says Mark Cuban

The American billionaire investor and owner of the Dallas Mavericks – Mark Cuban – believes Ethereum’s transition from a Proof-of-Work consensus mechanism to Proof-of-Stake could be a double-edged sword. In his view, the investors’ excitement surrounding the move could surpass the actual use-cases of “the Merge” and create a “sell the news” event.

Cuban also argued that applying regulations in the crypto space is a vital step that global regulators need to enforce. Investors are looking for maximum protection, and, if granted, many will enter the digital asset ecosystem and drive the sector forwards.

Cuban’s Thoughts on the Merge

The second-largest cryptocurrency protocol – Ethereum – is expected to shift from PoW to PoS later this year. The long-anticipated move is among the most discussed subjects in the crypto industry. Known as the “Merge,” the process should make Ethereum less harmful to the environment while also providing additional security to its network and faster transaction speeds.

As such, numerous investors raised hopes that the native token – Ether (ETH) – will surge, creating enthusiasm among the whole industry. Mark Cuban is also bullish on that transition. Earlier this year, he said that it could significantly cut Ethereum’s energy consumption, while Ether could turn into a deflationary asset.

In a recent interview, though, he warned that the process could create a “buy the rumor, sell the news” event. In such cases, asset prices soar considerably prior to a highly anticipated move but fail to continue the uptrend and even collapse once it is completed.

Dogecoin’s price expansion last year could be considered a typical example. When DOGE reached $0.70 in May 2021, many individuals believed its valuation could tap $1. Furthermore, Elon Musk, arguably the most notable DOGE supporter, was invited as a guest on the comedy show Saturday Night Live. There, he was meant to introduce the coin’s merits to millions of people, which could potentially boost the token’s price.

However, Tesla’s CEO did not do what the Dogecoin Army expected. Instead, he simply joked around with the show’s host. In the following hours, DOGE crashed significantly, and since then, it never reached its peak again. Currently, it trades at $0.07 – a 90% decline considering its all-time high record.

Regulations, the SEC, and the Metaverse

Touching upon other topics, such as imposing regulations in the crypto industry, Cuban said he is in favor. Like any technological innovation, the sector should grant investors maximum security so they can feel safe and enter it en masse. He also opined there is a big similarity between crypto’s current status and the Internet in its early years:

“There is the security aspect of it, and we see what is happening every day: there is a hack somewhere. It is no different than the early days of the Internet. There was a time when people said: “Don’t use Amazon because your credit card is going to be attacked, don’t any buying on the Internet because you are putting at risk your credit card.” So it’s part of the learning curve.”

Nonetheless, the American doubted that the United States Securities and Exchange Commission (SEC) could implement appropriate rules in the sector. He called the agency “incredibly hypocritical” because it seeks to halt the development of the crypto market, but at the same time, it does not focus on thousands of dubious financial products, including “pink sheet stocks.”

Cuban spoke about the Metaverse and its increasing popularity. To him, buying real estate in the virtual reality is the “most stupid” thing a person could do because there is an unlimited volume of land people could create and sell to inexperienced investors.


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Crypto Traders Invest $1.5M in 99Bitcoins Token Presale – Here’s Why It Could Explode

Crypto traders are going wild over a new project on Ethereum – 99Bitcoins Token.

This project has already raised over $1.5 million before its official launch.

With a unique “Learn-to-Earn” model and plans to bridge to the new BRC-20 standard, many believe 99Bitcoins Token (99BTC) could shake up the crypto education space.

99Bitcoins Token Transforms Crypto Education into a Learn-to-Earn Experience

99Bitcoins is one of the go-to platforms for new crypto investors looking to cut through the noise and learn the fundamentals.

Yet the platform is taking things to the next level with the launch of 99BTC.

This ERC-20 token is at the core of 99Bitcoins’ Learn-to-Earn model.

Instead of just passively reading articles, users can interact with courses, quizzes, and other activities.

Doing this will reward them with 99BTC tokens for improving their crypto knowledge.

It can be thought of as a gamified crypto education experience.

For example, a user could complete a module on technical analysis, ace the final quiz, and earn 99BTC as a reward.

Or they could dive into content on the DeFi space, with 99BTC tokens dished out along the way.

The possibilities are endless for turning crypto learning into earning with 99Bitcoins Token.

Their well-established brand is evolving from just simplifying crypto to actively incentivizing an entire community.

And with almost 20,000 Twitter followers, the excitement for this new approach to crypto education is clear.

99BTC Presale Raises $1.5M as Investor Demand Soars

The presale for the 99Bitcoins Token is in full swing, with over $1.5 million in funding already raised.

This level of demand highlights the hype that’s building for 99Bitcoins’ Learn-to-Earn platform.

After the presale ends, the developers will proceed with DEX listings to provide initial liquidity.

But the bigger milestone will be securing listings on major CEXs – which the developers hope will occur in Q4 2024.

One key advantage for those who invest during the 99BTC presale is access to the platform’s staking program.

Presale buyers can stake their 99BTC right away to earn yields as high as 1,125% per year.

As an example, if someone were to 10,000 99BTC tokens, they could earn over 112,000 additional tokens.

Although the yield will decrease as more tokens are staked, it presents a pathway for investors to generate passive income while improving their crypto skills.

This combination of passive income potential and educational value is proving to be attractive for investors.

Huge Airdrop Campaign & BRC-20 Bridge Fuel 99Bitcoins Token’s Growth

So, could 99BTC really explode after hitting the open market?

The signs seem to be pointing to yes.

For one, the development team has added to the buzz by launching an airdrop campaign that will give away $99,999 worth of BTC to early community members.

This shows their commitment to rapidly growing the 99BTC user base.

Even more exciting is the team’s plan to eventually bridge from Ethereum to Bitcoin as a BRC-20 token.

As the first crypto education project to leverage this new token standard, 99Bitcoins Token could position itself as a first mover in the space.

This ties into what might be 99Bitcoins Token’s biggest catalyst – the fact that no project has emerged as the “go-to” educational platform for crypto.

Despite a growing need for quality learning resources, the space still lacks an all-in-one hub for learning.

99Bitcoins could be that hub.

With an established brand, disruptive Learn-to-Earn model, and cross-chain vision, 99Bitcoins is well-positioned to fill the market gap.

And with 99BTC tokens priced at just $0.00106 during the current presale stage, there’s a growing sense that this could be a golden opportunity for investors.

Visit 99Bitcoins Token Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.


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PEPE Soars to All-Time High Spurred by Speculation of Spot Ether ETF Approval

The Ethereum-based memecoin Pepe (PEPE) experienced a significant price surge of 40% since Monday to a new all-time high, fueled by the speculation that the U.S. SEC might approve spot ether exchange-traded funds (ETFs). Crypto traders and analysts, observing the movement between ether’s price rise and PEPE’s surge…
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Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools…
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