๐Ÿ”ฅCrypto News - Crypto World
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Welcome! Here you will find the latest news about the crypto industry๐Ÿ’ฐ

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๐Ÿ“ข Letโ€™s take a look at the recently released ZK token

๐Ÿ‘‰ zkSync is the first L2 network built on zkEVM (zero-knowledge proof) technology.

In simple words, the zkSync network is based on more reliable technologies than the Arbitrum, Optimism, Base and similar networks. Otherwise, zkSync is no different from them - it is a regular network in the Ethereum ecosystem, which has the usual applications: DEX, Lend, GameFi, Yearn, and so on.

Yesterday, zkSync finally released their own ZK token, which will be used for network governance (via DAO), as well as for paying fees (similar to ETH).

Currently, zkSync is in fifth place in terms of TVL among all L2 networks after Arbitrum, Base, Optimism and Blast.

The main competitors of zkSync, from whom we expect tokens this year:
โ€ข Blast
โ€ข Scroll
โ€ข Linea

๐Ÿ—“ What to expect from zkSync next?

In the coming months, they are due to launch a tool called ZK Stack, which will allow third-party developers to build their own networks using the zkSync codebase.

Lens, Sophon, GRVT, Lighter and Space and Time have already announced their networks based on zkSync.

Overall, an interesting token for the future๐Ÿ’ช
We can be present in your investment portfolio๐Ÿ’ผ

๐Ÿ‘‰ You can buy zkSunc on the following exchanges:
๐Ÿ’ผ Trade on Bybit
๐Ÿ’ผ Trade on okx
๐Ÿ’ผ Trade on bingx

#zk #zkSync
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โ›”๏ธKraken has been hacked for $3,000,000

A vulnerability has been discovered that allowed anyone to initiate a deposit on the platform and receive funds without completing it.

According to the security director, the bug was used to steal $3 million from Kraken's treasury before it could be patched.

#kraken #scam
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Forwarded from Sigma crypto chad
โ€‹โ€‹๐Ÿ‘‹ Million Dollar Pattern! ๐Ÿš€๐Ÿ’ฐ๐Ÿ’ฒ

We recently conducted a poll, and the majority of you expressed interest in educational material. We listened, and this educational video is just the beginning! We are launching Sigma Crypto Academy and this is just a sneak peak into what kind of material you will get from us

We're thrilled to have you here! Weโ€™re excited to provide you with our Million Dollar Pattern as a special welcome gift. This comprehensive video guide is designed to help you navigate the crypto market with confidence and precision.

In this video, you will learn more about the Million Dollar Pattern that could be used in any market: Crypto, Stock Market, Gold, Metal, you name it we cover it.
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๐ŸƒCircle's CEO is more optimistic about crypto than ever before

He also added that stablecoins will account for 10% of all fiat money over the next decade.

#Circle #BTC
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๐Ÿ”ฅCrypto News - Crypto World
๐Ÿ”„The US Securities and Exchange Commission (SEC) has notified Consensys that it has completed its investigation into Ethereum, thus confirming that Ethereum is not a security #SEC #Ethereum #ETH
๐Ÿ‘€Consensys plans to continue litigating with SEC, after all

The company wants to get legal clarity for the crypto industry from the regulator.

#Consensys #SEC
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๐Ÿ”„ The LayerZero team has published airdrop details and tokenomics, according to which the ZRO token supply is 1 billion.

The distribution of tokens is as follows:

๐Ÿ”˜38.3% to the LayerZero community, including distribution to users, developers and community members.
๐Ÿ”˜32.2% to strategic partners with 3 years unlocked, including investors and advisors.
๐Ÿ”˜25.5% for core members with a three-year transition period, including current and future team members.
๐Ÿ”˜4.0% has been redeemed and shared with the community.

This information highlights LayerZero's strategic approach to token distribution to ensure the long-term stability and growth of the project.

#LayerZero
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๐ŸคจLayerZero = $0.1$?

You have to "donate" $0.1 to get your tokens for each one

This new system is called Proof-of-Donation (Proof-of-Donation).

#LayerZero
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โšช๏ธAndrew Kang opined that ether (ETH) is overvalued and will not reach the $4000 mark anytime soon.

He believes that S-1 forms for ETH ETFs will not be accepted until the first or second quarter of next year, and that no significant events will occur in July.

This opinion does have merit, but it is worth remembering that often expected events can happen unexpectedly. One always wants to believe in the best and be prepared for different scenarios in the cryptocurrency market.

#ETH
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๐Ÿ‡ฎ๐Ÿ‡น Monitoring of the cryptocurrency market in Italy will be more severe

Fines for non-compliance with crypto laws up to โ‚ฌ5m.

#crypto #italy
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๐Ÿ‡บ๐Ÿ‡ธ Tyler Winklevoss, co-founder of the Gemini exchange, has expressed his support for Donald Trump by donating $2,000,000 in bitcoins to his presidential campaign.

In 2013, the Winklevoss brothers purchased $11 million worth of bitcoins at $120 per coin.

In addition, it has become known that Gemini is launching a new initiative to fund the election campaigns of candidates who support cryptocurrencies.

#Gemini #TeamTrump
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๐Ÿ‡ซ๐Ÿ‡ฎ Marathon, a major player in cryptocurrency mining, has launched a 2 megawatt pilot project in Finland.

The heat generated during the mining process is used to heat homes, providing heat to around 11,000 residents of a local town. This project demonstrates an innovative approach to utilising excess heat from mining for sustainability and energy saving.

#Marathon
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โœ”๏ธ Binance has added support for USDT on TON

#TON #USDT
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๐Ÿ–ฅ 3iQ has applied to launch the first Solana-based ETP (Exchange-Traded Product) in Canada under the ticker QSOL.

The move is indicative of the growing interest in cryptocurrency assets and their integration into traditional financial products.

#SOL #ETP
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โšก๏ธStandard Chartered is launching a trading division. Specifically trading #BTC and #ETH on the spot

#banks
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Forwarded from Sigma crypto chad
#ETH Just want to point out that ethereum shows strength on this bitcoinโ€™s movement and behaves stronger than BTC. Some altcoins also stoped decreasing in value because prices are getting too low for many coins. As noted before whatโ€™s important right now is the weekly close because this is a pivotal week. Despite weak price action if we manage to close this week above 64,500$ the situation is not that bad. Stay safe and wait for weekly close.

https://www.tradingview.com/x/06XcZTRV/

Sigma Crypto Chad

Bybit | BingX | Million Dollar Pattern |
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๐Ÿ“‰ The drop in activity on LayerZero may indeed indicate that interest in the platform was largely driven by the anticipation of airdrops

This phenomenon is seen quite often in the crypto space, where users actively engage with a project in anticipation of rewards, and then interest quickly wanes once they are received.

Such a downturn could also be a signal for the team to rethink the marketing strategy and improve the user experience in order to attract not only drop hunters, but also real users and developers.

#LayerZero
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๐Ÿ‘€ Pantera Capital will raise investment in TON for the second time

They are now raising money for a new fund to invest even more in TON.

#TON
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๐Ÿ“ Hexacore - already powerful projects such as BNB are talking about it at the start, which means that it is worth thinking about and getting in at an early stage.

After all, the earlier - the bigger.

More here.
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๐Ÿ‡บ๐Ÿ‡ธ The Winklevoss brothers (founders of the Gemini exchange) have been refunded $2,000,000 worth of BTC

Their donation to Donald Trump's presidential campaign exceeded the maximum amount allowed by federal law.

#Gemini
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๐Ÿค MeMefi - behind this clicker is the powerful LINEA project.

MeMefi may well turn out to be the second Notcoin. So let's not miss the chance to join here.
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Forwarded from Sigma crypto chad
#BTC letโ€™s take a look at the global picture and whatโ€™s the situation based on time analysis and market structure.

The key weekly structural pivots in 2024 are:
17 June (now)
19 August (19.08)
21 October (21.10)
16 December (16.12)


The key supports for the whole structure are: 53,000$ and 42,000$.

Bitcoin is consolidating below parabolic trend and If we do not get above 69,000$ in the nearest future, we will retest at least 53K before a weekly pivot on 19th of August (19.08).

If we do get back above 69K$, we will see a rise to 80K$ by the same date of 19th of August and test 53K after that. The global structure still remains bullish but the local moving averages start bearish formation.

Make sure you have the key structural dates in your mind and letโ€™s watch carefully for the weekly close. Donโ€™t rush yet!

https://www.tradingview.com/x/svFg5bul/

Sigma Crypto Chad
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