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Wormhole raises record $225M in fundraising; Filecoin (FIL) and InQubeta (QUBE) set sights on big leaps

Wormhole, a messaging protocol that enables communication across blockchains, has attracted a lot of attention since acquiring $225 million in funding, which puts the company’s valuation at $2.5 billion. This incredible feat signifies the largest investment round for a cryptocurrency project in 2023. Filecoin (FIL) and InQubeta (QUBE) have also placed their sights on giant performances,…


Wormhole, a messaging protocol that enables communication across blockchains, has attracted a lot of attention since acquiring $225 million in funding, which puts the company’s valuation at $2.5 billion. This incredible feat signifies the largest investment round for a cryptocurrency project in 2023. Filecoin (FIL) and InQubeta (QUBE) have also placed their sights on giant performances, coinciding with Wormhole’s milestone. 

The decentralized storage network Filecoin hopes to meet the rising need for safe, decentralized data storage options. InQubeta, on the other hand, is a crypto ICO that connects blockchain and artificial intelligence (AI) startups. Its thriving community and excellent marketing techniques have propelled it to be listed among the best DeFi projects

Let’s explore the development paths of InQubeta and Filecoin and the significance of Wormhole’s successful fundraising campaign.

InQubeta’s stellar presale performance points to a potential bullish rally

InQubeta’s native token, QUBE, has gained popularity as a high-performance token as investors rush to buy QUBE tokens in the presale. InQubeta also provides a non-fungible token (NFT) marketplace where AI startups can offer investment opportunities as NFTs to interested investors, thus fostering a mutually beneficial ecosystem. AI projects can mint equity and rewards into popular NFTs, which investors can purchase. 

In addition, users of the QUBE token can earn cryptocurrency rewards by using its staking mechanism. These staking benefits are financed by tax money and are overseen by the InQubeta team. Another reason InQubeta has been listed among the best DeFi projects is due to its robust security framework, certified by respected organizations like Hacken and BlockAudit.

Early investors might become millionaires when the QUBE token launches and institutional adoption starts. Its crypto ICO has already seen giant leaps in its presale, selling over 555 million QUBE tokens and raising more than $5.6 million in funding. The token’s outstanding 130% increase from its starting value of $0.007 to $0.0161 demonstrates its track record of making gains. By the end of the presale, QUBE is expected to reach $0.0308, giving new investors a 90% profit margin before QUBE goes live on exchanges and soars in value.

InQubeta’s token is deflationary, which promotes long-term gains, and is one of its best features. As a deflationary token, QUBE’s supply is usually less than its demand. This scarcity aims to avoid too frequent variations in the token price. To gradually decrease the quantity, additional tokens that enter the InQubeta ecosystem are burned in the token burn wallet.

InQubeta also incorporates several rewarding chances and staking bonuses into its DeFi platform, ensuring users’ residual income. Analysts predict that the launch of InQubeta may set off a meteoric rise. If QUBE keeps growing at this rate, it might soon be valued amongst the top DeFi projects.  The success of Wormhole’s fundraising, coupled with InQubeta’s strategic aspirations, underscores the increasing importance of blockchain technology in reshaping traditional industries.

Filecoin’s adoption indicates massive upside growth

FIL has grown steadily because decentralized storage solutions are used more frequently. Filecoin is predicted to see giant leaps in demand as more companies and individuals look for safe, dependable storage solutions that provide them with greater control over their data.

Filecoin’s impact has been felt gradually over the past few months, and there are signs that the value of its token, FIL, may increase. Demand for Filecoin’s storage products surged by 45% in Q3 of this year due to the network’s ecosystem expansion. The FIL token has recovered more than 80% from its lows from the previous month, suggesting that plans are underway to reach previous highs before the year ends. The platform is growing, and future Filecoin network upgrades may bolster the anticipated upward trend of FIL.

Conclusion

Wormhole aims to have a significant influence on how blockchain technology develops. With its recent funding, significant organizational adjustments, and ability to overcome challenges, Wormhole is focused on its aim of facilitating seamless communication across blockchain networks, which is an added advantage to InQubeta and Filecoin. 

InQubeta’s unique offerings and focus on AI investments confirm its long-term potential to surge. The NFT marketplace also allows entrepreneurs to list their popular NFTs for a broad audience and opens doors for various investors. The platform has a solid basis for growth after raising millions of dollars in its ongoing presale. Investing in the QUBE presale is a highly profitable opportunity that should be taken advantage of while the price is still low. 

For more information on InQubeta, visit InQubeta Presale, or Join The InQubeta Communities.


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Fed Report Explores How Crypto Price Changes Affect Ownership

A report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute found that cryptocurrency ownership declined during market downturns, despite price increases in bitcoin. Data from multiple surveys showed that crypto interest and ownership did not rise, even as prices surged. The report suggests further research into consumer behavior in response to market fluctuations [……
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The Open Network (TON) to launch teleport Bitcoin bridge

The Open Network announces plans to launch a bridge to get Bitcoin onto the TON blockchain, The bridge will allow Bitcoin to be used for DefI purposes in the TON ecosystem. The TON Foundation announced that the Open Network will launch a trustless bridge to allow people to bridge Bitcoin into the TON ecosystem for…


  • The Open Network announces plans to launch a bridge to get Bitcoin onto the TON blockchain,
  • The bridge will allow Bitcoin to be used for DefI purposes in the TON ecosystem.

The TON Foundation announced that the Open Network will launch a trustless bridge to allow people to bridge Bitcoin into the TON ecosystem for DeFi purposes. The bridged Bitcoin, called Teleport BTC, will maintain the original Bitcoin’s security while allowing holders to take advantage of the growing opportunities on TON.

According to the Foundation, each Teleport BTC will be backed 1:1 by native Bitcoin via a trustless, transparent process chiefly executed by verifiable smart contracts and validators.

This new development aims to “enhance Bitcoin’s utility, transforming it into a powerful tool for generating additional rewards on TON.”

TON’s Growth in 2024

The Open Network, closely linked with the popular Telegram messaging app, has been on an upward climb in 2024 both in price and network development. The network was initially created by the Telegram team for internal use but was abandoned and eventually picked up by the community.

TON made major waves after Telegram re-established contact by using the network to power its ad reward system, which pays channel owners in TON (the network’s native cryptocurrency) for traffic and views.

Outside of Telegram, TON is making a name for itself as a social gaming chain with tap-based casual projects like Notcoin and Hamster Kombat garnering attention.

TON’s Growing DeFi Ecosystem

While TON is not primarily known as a network for decentralised finance, its DeFi ecosystem has witnessed a boom in recent months. According to Defillama, a leading on-chain finance data provider, the total value locked on TON currently stands at $745.96 million as of writing after rising significantly from $22 million at the end of February 2024.

The Open Network plans to launch the Teleport BTC bridge later this year.


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First ETP for Near Protocol’s NEAR token unveiled on Sweden’s Spotlight Stock Market

Valour’s NEAR ETP will be available on Sweden’s Spotlight Stock Market. Valour currently operates one of the largest Solana ETPs. The crypto fund issuer also operates Bitcoin, Ether, and Internet Computer ETPs. Crypto fund issuer Valour today announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token, NEAR. This groundbreaking ETP will be…


First ETP for Near Protocol’s NEAR token
  • Valour’s NEAR ETP will be available on Sweden’s Spotlight Stock Market.
  • Valour currently operates one of the largest Solana ETPs.
  • The crypto fund issuer also operates Bitcoin, Ether, and Internet Computer ETPs.

Crypto fund issuer Valour today announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token, NEAR.

This groundbreaking ETP will be available on Sweden’s Spotlight Stock Market, offering retail and institutional investors the opportunity to gain exposure to the decentralized application development platform.

NEAR ETP joins Valour’s diverse portfolio of ETPs

Valour already operates one of the largest Solana ETPs, Valour Solana, and offers a suite of staking products, including ETPs for Bitcoin, Ether, and Internet Computer.

Valour’s head of product, Elaine Buehler, emphasized the significance of this new fund, highlighting its potential to grant investors access to an asset renowned for its transformative impact on decentralized finance (DeFi) and non-fungible tokens (NFTs).

Near Protocol, designed to tackle common blockchain development challenges such as user onboarding and multi-chain operations, boasts a market capitalization of approximately $6.8 billion. This positions NEAR among the top 20 digital assets globally, according to CoinMarketCap.

The launch of NEAR ETP comes amid a wave of regulatory approvals in the United States, where investment managers BlackRock, Franklin Templeton, and VanEck recently received preliminary approval to list the first exchange-traded ETH products. Analysts predict this move will pave the way for more crypto exchange-traded products in the US, including potential Solana-based ETFs.

Valour’s parent company, DeFi Technologies, currently manages around $600 million in assets across various crypto-native strategies.

On July 16, DeFi Technologies expanded its footprint by acquiring trading desk Stillman Digital in an all-stock deal. This acquisition is expected to significantly enhance the Canadian crypto platform’s capabilities, potentially positioning it as a formidable competitor to larger entities like Galaxy Digital.

Valour’s new NEAR ETP represents a significant advancement for investors seeking exposure to innovative blockchain technologies, reinforcing the firm’s position at the forefront of digital asset investment products.


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