Bitcoin

THORChain (RUNE) and Cosmos (ATOM) holders patient for gains as Rebel Satoshi ($RBLZ) prepares for launch

THORChain continues to experience massive adoption, surpassing $40 billion in all-time trading volume. All in Bits launches new governance chain ahead of Cosmos’ AtomOne fork. Defiant meme token Rebel Satoshi concludes presale and prepares to launch. THORChain (RUNE) and Cosmos (ATOM) are among the highest gainers, as the crypto market has exhibited surprisingly bullish behaviour lately. At the same time, investors…

THORChain continues to experience massive adoption, surpassing $40 billion in all-time trading volume.
All in Bits launches new governance chain ahead of Cosmos’ AtomOne fork.
Defiant meme token Rebel Satoshi concludes presale and prepares to launch.

THORChain (RUNE) and Cosmos (ATOM) are among the highest gainers, as the crypto market has exhibited surprisingly bullish behaviour lately.

At the same time, investors look forward to a major memecoin launch in Rebel Satoshi ($RBLZ).

THORChain exceeds $40 billion in total volume since inception

THORChain remains one of the top DeFi projects. According to data from its block explorer, the mega-decentralized exchange has surpassed $40 billion in total trading volume since April 2021.

THORChain’s monthly average volume is about $3.13 billion, while the daily average is roughly $142.38 million. The developers boldly hinted at aiming for $1 billion daily as the next target.

In another milestone, users have borrowed over $10 million using THORChain based on a recent post on the platform’s X/Twitter page. This is twice the amount compared to roughly two and a half months ago.

RUNE perfectly reflects these developments on the charts. The token is worth $6.12, 63% higher than last month’s low of $3.75. Moreover, RUNE forecasts imply RUNE can reach a minimum of $8 by 2025.

All in Bits launches governance blockchain ahead of Cosmos Hub fork

The Cosmos community experienced contention in November 2023 as some members wished to decrease the maximum inflation rate of the ATOM token from 20% to 10%. Cosmos’ co-founder Jae Kwon, who was against the voting results that greenlighted this proposal (Prop 848), decided to ‘fork’ Cosmos into a new chain named AtomOne.

Through a firm headed by Kwon (All in Bits), a new governance chain, GovGen, is now live before the genesis of AtomOne. All in Bit will release a token for this platform, prioritizing the ATOM holders who voted ‘no’ to the proposal, meaning the ‘yes’ ATOM holders will have less governance power. Moreover, the tokens are strictly for voting and won’t be transferable.

Like RUNE, ATOM is on a surge, climbing 33% since January 23, 2024, from $8.70 to $11.60. Forecasts see $20 as ATOM’s minimum starting price for 2025.

Finally, let’s discover more about Rebel Satoshi and why some analysts believe it could be among the top DeFi coins.

Palpable excitement for Rebel Satoshi’s imminent official launch

Rebel-minded investors globally have eagerly awaited the end of Rebel Satoshi’s sought-after presale, which is finally upon them. The project can now embark on the next chapters in its roadmap with the ultimate quest of correcting the modern financial system. This meme coin is set on igniting a DeFi rebellion, instigating a fairer wealth transfer for ordinary citizens.

The Rebel Artefacts Vault is among the soon-to-be-launched developments following the presale conclusion. It’s an NFT marketplace celebrating rebellion with almost 10,000 collectibles and digital art characters.

Another anticipated event is the ‘burning’ of unsold $RBLZ tokens, a symbolic nod to defiant 16th-century conspirator Guy Fawkes. The purpose is to make $RBLZ deflationary, contrasting the inflationary RUNE and ATOM coins.

$RBLZ is necessary to access the Rebel Artefacts Vault. It provides another enticing perk in staking rewards where users can earn excellent returns while securing Rebel Satoshi‘s presale.

The meme coin will officially launch on March 4, 2024. While the presale has concluded, the developers have extended it for 14 hours for latecomers to acquire $RBLZ. The token is worth $0.024, having risen 140% since the first round when it traded for $0.010. After the project’s launch, the developers will list $RBLZ for $0.025 on decentralized exchanges, where analysts are forecasting even greater gains.

The Rebel Satoshi Presale has now sold out with tokens available at the listing price of $0.025 from UniSwap.

Rebel Satoshi will also go live on CoinStore on March 4, 2024.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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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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Bitcoin

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…

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.