June Roundup: Cryptocurrency Winners and Losers 1068

Top performing cryptocurrencies were Ethereum Classic and Binance Coin while Neo, Cardano, Iota and Icon were the biggest losers.

Another month went by in crypto land but June would be one that most would want to forget. Looking back at the winners and losers from the month does not display a pretty picture for most of them. Following May’s month of decline the bears hit markets even harder in June pushing them down to their lowest levels in 2018.

Total crypto market capitalization declined in June from $330 billion on the first to $245 billion at the end of the month representing a loss of 26%. Around $85 billion dollars flooded out of the crypto market during June which saw it reach a yearly low of $233 billion on the 29th. Since January’s peak markets have lost 72% to this low point five months later, it marks the third lower low and indicates that the bears were in full control as of the end of June.

Bitcoin fell from $7,500 at the beginning of June to a yearly low below $6,000 at the end of it. If the 20% drop wasn’t bad enough the sub $5,800 dip stung a few investors. Trade volume for BTC fell from $4.5 billion to $3.6 billion and market cap at the end of June was a little over $100 billion. The only good news for Bitcoin over the month was the rise of its market dominance to 42.7%.

June Crypto Winners

Ethereum Classic can only be considered a winner in June because it did not drop and ended the month around the same level as it started, just over $15. Against Bitcoin Ethereum Classic made 20% in June ending at 246400 satoshis. The boost came from Coinbase which announced that it will soon be supporting ETC trading on its platform.

Binance Coin made a little over 10% in June as traders ditched their altcoins into exchange based coins or stablecoins. Starting the month at $14.15 BNB climbed to $15.65 by the end of it to be the only crypto in the top 30 to make a gain in June.

June Crypto Losers

Ethereum got battered in June losing 25% from $575 at the beginning to $430 at the end of the month. ETH usually does a little worse than BTC but not as badly as most of the other altcoins which have all been trounced. Over $14 billion was lost from Ethereum’s market cap as trade volume fell by 25% over the month.

Ripple’s XRP took a 28% hit falling from $0.61 to $0.43 throughout June. News about new partnerships and development for the company and cryptocurrency has had very little effect on its price. Bitcoin Cash started June at a touch under $1,000 but plummeted to $660 by the end of it resulting in a beating of 34%.

The over-hyped EOS mainnet launch was riddled with bugs and centralization concerns and the ensuing FUD storm caused it to crash 37% in June from $12.25 at the beginning to $7.70 at the end. It reached a low point of $7.20 in June which is almost 70% down from its all-time high of around $23 two months ago at the end of April.

Litecoin has been in a downward spiral for months now and June has been no different. Losing 36% over the month LTC slid from $118 to $75 at the end of it reaching its lowest level since late November. Lumens had an equally bad month falling 38% from $0.29 to $0.18. Cardano fared even worse with a 45% crash from $0.22 to $0.12. ADA has consistently been the worst performing altcoin in the top ten for several months now.

A similar 45% hit was felt by Iota as it plunged from $1.75 to $0.95 over the thirty days of June. Neo also got smashed back to November 2017 levels with a 47% fall from $53 to $28. June has been the worst month for Neo since the rebrand last year. Tron, which had a more successful mainnet launch, could not benefit from price action as it lost 42% from $0.060 to $0.035 in June.

Monero suffered but not as badly with only a 22% drop from $155 on the first to $122 at the end of June. Dash dropped 25% from $305 to $230 and Nem lost 37% falling to $0.15. Other big losers in June included VeChain losing 24%, OmiseGO dropping 30%, Qtum shedding 35%, Zcash getting hammered 37%, Ontology falling 30%, Icon bashed 44%, and rounding out the top 25 Zilliqa losing 32%.

June’s losses were greater than May’s as the bears strangled the markets sending most altcoins to their lowest levels this year and back to November prices. To summarize the only two winners in June were Ethereum Classic and Binance Coin. The losers were pretty much all of the others but those getting hit the hardest for the month were Neo, Cardano, Iota and Icon.

Previous months: February | March | April | May

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HashKey Global Launches 2nd HashKey Launchpool: Earn ATH Tokens by Locking ATH & USDT 2182

HashKey Global will launch the second phase of the Launchpool project, Aethir (ATH), on June 11, 2024. Users can lock ATH or USDT to share a pool of 5,870,000 ATH. The locking period is 3 days, starting on June 11 at 02:00 (UTC), with rewards beginning to accrue on June 12 at 10:00 (UTC). Spot trading for ATH/USDT will commence on June 12 at 10:00 (UTC), and ATH withdrawals will be available starting June 13 at 10:00 (UTC). Participation requires KYC verification, and both deposits and withdrawals will be conducted via the ERC20 network.

The Launchpool offers two supported pools: ATH Pool and USDT Pool. The ATH Pool provides 1,837,000 ATH in rewards with a minimum locking amount of 100 ATH and a maximum of 260,000 ATH. The USDT Pool offers 4,033,000 ATH in rewards, requiring a minimum of 10 USDT and a maximum of 5,000 USDT. The Launchpool period runs from June 12, 2024, to June 15, 2024.

About HashKey Global

HashKey Global is the flagship global digital asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts, leverage, and staking.

For more details, please visit global.hashkey.com

TedAI Democratizes Access to AI and Blockchain with Accessible Education and Engaging Tools 3289

Fueled by a recent surge in global AI investments, exceeding $90 billion in 2023 alone, TedAI recognizes the immense potential for AI and blockchain to reshape our future. However, the complexity of these technologies can often be a barrier to entry. TedAI tackles this challenge head-on, offering a groundbreaking approach that merges AI and blockchain with accessible educational formats and engaging tools.

TedAI stands out by making the complex worlds of AI and blockchain accessible and irresistibly engaging. Our mission is to demystify these technologies and make them fun for everyone, from beginners to tech experts. TedAI bridges the gap between learning and creating in the digital age through three core pillars:

1. AI-Powered Educational Platform:

  • Interactive Learning: Our modules adapt in real-time to your progress, offering a personalized journey through blockchain and AI.
  • Hands-On Simulations: Engage in interactive simulations that let you apply your knowledge in real-world scenarios.
  • Community Engagement: Participate in forums, discussions, and collaborative projects, fostering a supportive learning community.

2. Meme Coin Creation Toolkit:

  • Simplified Contract Creation: Use pre-built scripts and customizable options to create meme coins without needing coding skills.
  • AI-Assisted Design: Let our AI guide you through contract coding and visual branding to bring your meme coin vision to life.
  • Flexible Deployment: Deploy your meme coin on various blockchain networks, tailored to your expertise level.

3. Generative NFT Art Studio:

  • User-Driven Creativity: Transform your ideas into personalized digital art using our intuitive platform.
  • Trend Analysis: Stay ahead with AI-driven insights into NFT art trends, enhancing the profitability of your creations.
  • AI-Powered Generation: Collaborate with AI to generate and customize intricate digital artwork, ensuring each piece is unique.

TedAI is more than a platform; it’s a community-driven movement to democratize access to blockchain and AI. With our innovative tools and engaging approach, we are paving the way for a new era of digital creativity and learning.

TedAI offers exclusive opportunities for early supporters:

  • Airdrop and Referral Program: We are giving away $100,000 worth of TED tokens and offering up to $50,000 in referral rewards.
  • Whitelist and Sales Events: Secure your spot on our whitelist starting on June 7, 2024. Participate in our IEO and private sale on June 17, 2024, on the P2B exchange.

Register now to participate in the airdrop, whitelist, and token sale at https://tedai.io/en/register/

Visit us:
Website: https://tedai.io/en/
Whitepaper: https://tedai.io/whitepaper/
X: https://twitter.com/TedAi_io
Discord: https://discord.gg/tedai
Telegram: https://t.me/tedai_io

Cryptosace Unveils Free Bitcoin Cloud Mining 3734

Cryptosace, a leader in the cryptocurrency mining space, is excited to announce the launch of its free Bitcoin cloud mining service. This initiative aims to democratize access to cryptocurrency mining, allowing individuals to participate without the need to own or manage expensive mining equipment.

Cryptocurrency mining has transformed the financial landscape by introducing decentralized currencies and new investment opportunities. In this digital era, platforms like Cryptosace have become essential for cryptocurrency traders and enthusiasts, offering free demand and investment analysis and enabling Bitcoin mining.

How Cryptosace Cloud Mining Works

Cryptosace’s cloud mining service allows everyone to engage in cryptocurrency mining without the complexities of owning or managing mining machines. Here’s how it works:

1. Choose Cryptosace Cloud Mining Company
Begin by selecting Cryptosace Cloud Mining Company and register to start free mining.

2. Select a Mining Package
Cryptosace offers both free and paid mining packages. Users can choose based on the amount of computing power they wish to rent and the rental duration. Higher computing power increases potential returns.

3. Pay for Your Plan
After selecting a plan, payment can be made using various supported cryptocurrencies.

4. Receive Daily Mining Income
Users earn returns based on the computing power rented. Earnings can be withdrawn to a compatible wallet once the balance reaches $30.

Cryptosace is a comprehensive resource center for anyone involved in or interested in cryptocurrency mining. The platform’s user-friendly design and sleek interface cater to both beginners and experienced traders. Cryptosace offers extensive resources, from beginner guides to advanced market trend analyses and trading strategies.

Cryptosace provides a suite of cloud mining trading tools and services to optimize trading strategies and maximize returns. These include portfolio trackers, risk management tools, advanced trading algorithms, and signals. Users receive mining benefits every 12 hours, enhancing their trading experience.

Cryptosace fosters a sense of community through its referral program, offering a permanent 5% reward for each new user referred. This program promotes growth and encourages community-led support and collaboration among users.

About Cryptosace

CryptoSace is a legal mining company in the UK, founded in 2019. CryptoSace is also a mining machine supplier and is currently the largest partner of Antminer suppliers in Europe. If you don’t want to host, you can buy your own mining machine and mine by yourself. CryptoSace will guide you throughout the process. It is less troublesome to host the mining machine. You don’t need to spend too much time and you can directly enjoy the benefits of mining. For more Information, kindly reach out to https://cryptosace.com

Website: https://cryptosace.com

Ironblocks launches open-source, on-chain, self-service firewall to protect DeFi protocols and Web3 platforms from cyberthieves 3985

Ironblocks, the only blockchain-native security platform, is excited to announce that it has launched an industry first – an open-source, on-chain, self-service firewall purpose built for DeFi protocols and web3 applications.

The Ironblocks Firewall is the result of over two years worth of research and development, and counts Linea, AltLayer, and Kinto among launch partners already using Ironblocks’ industry-altering solution to protect their projects and/or users on their networks.

“We believe that we have solved many of the problems that have plagued the DeFi and web3 for some time,” said Or Dadosh, CEO at Ironblocks, adding, “and we are just getting started – the firewall is the first in a series of launches coming this year.”

More than $730 million worth of crypto was stolen during the first quarter of 2024, according to one estimate, with another $60 million pilfered in April, and an additional hundreds of millions stolen in May alone. Hacks are down, but threats still remain, and the Ironblocks on-chain firewall is a novel solution to an ever-present problem.

In an industry-first, modular policies able to be implemented by security teams and real time threat detection feeds into an intuitive dashboard that visualizes all activity and enables easy identification of malactors. Additionally, when a transaction is flagged as being illicit, the transaction in question is siloed off from being able to access funds or information on the protocol and the remaining users can continue using it normally.

Ironblocks’ open-source solution has no paywall and requires no demo to start. Regular operations no longer need to be suspended, revenue is not lost, and users still have access to their funds and the functionality around them – and implementation can be done in only minutes.

“Protocols experiencing rapid growth often become targets for hackers and cyberthieves,” said Declan Fox, Product Lead at Linea. “Ironblocks’ on-chain firewall provides an essential layer of security, allowing us to confidently protect our users while continuing to grow and innovate. We value having robust security measures in place, including solutions like Ironblocks, to ensure the safety and trust of our community.”

This launch is the culmination of years of research and development, and is the first in a series of major announcements planned for 2024.

Ironblocks was co-founded in 2022 by Or Dadosh and CTO Assaf Eli, veteran software engineers and blockchain natives with vast experience in cyber security and in DeFi, having been part of the team responsible for creating Bancor and securing more than $300 million in total value locked (TVL).

Or Dadosh also previously was head of blockchain innovation and solidity developer at Orbs, blockchain engineer at eToro, and blockchain leader at Bancor. Assaf Eli previously also was a blockchain consultant for projects on the Ethereum Network ecosystem, and part of the former core team that built Bancor.

To learn more about Ironblocks and how the Firewall can help protect your protocol, visit www.ironblocks.com.

About Ironblocks

Ironblocks is an end-to-end security provider for Web3 platforms, DeFi protocols, bridges, market makers, and other digital asset projects. Ironblocks automates proactive threat detection and will soon enable teams to instantly take preventative measures in milliseconds.

Our mission is to protect decentralized finance and web3 from threats and thefts, creating the security needed to enable broad adoption of these platforms.

XiraBot: Revolutionizing Trading with Dynamic Capabilities, Seamless Chat, and Inspiring Visual Generation 4110

XiraBot is set to transform the trading landscape with its groundbreaking technology, merging dynamic trading capabilities, seamless chat integration, and inspiring visual generation across multiple platforms. This press release provides an overview of XiraBot’s innovative features and functionalities, designed to empower traders, facilitate communication, and enhance the trading experience like never before.

Empowering Traders with Dynamic Trading

XiraBot equips traders with an array of powerful tools to execute trades with precision and efficiency. By leveraging advanced algorithms and real-time market data, XiraBot enables users to analyze market trends, identify profitable opportunities, and execute trades confidently. Whether dealing in stocks, cryptocurrencies, or forex, XiraBot empowers traders to stay ahead of the curve and capitalize on market fluctuations.

Enhancing Communication with Seamless Chat Integration

XiraBot’s advanced chat functionality allows users to engage in meaningful conversations and receive instant assistance from Xira AI. Whether users have questions, need advice, or want to connect with fellow traders, XiraBot provides intelligent responses and support. This feature enhances communication and fosters a sense of community among users, making the trading experience more collaborative and supportive.

Revolutionizing Visual Content with Effortless Generation

XiraBot sets a new standard in visual content creation with its effortless visual generation capabilities. Users can describe the image they envision and watch as Xira brings it to life with precision and creativity. From presentations to social media posts, XiraBot enhances visual storytelling across multiple platforms, allowing users to captivate their audience with stunning visuals effortlessly generated by AI.

XiraBot Token Presale Details

  • Token Name: XiraBot Token
  • Token Symbol: XIRA
  • Token Supply: 10 Million

Presale Allocation:

  • Presale Allocation: 44.6% (4.46 Million Tokens)
  • Liquidity Pool Allocation: 25.422% (2.5422 Million Tokens)
  • Ecosystem Development Fund: 29.978% (2.9978 Million Tokens)
  • Total Tax: 0%

For more information about XiraBot, its revolutionary features, and the upcoming token presale, please visit our website or join our community on Telegram and Twitter.

Website: https://www.xirabot.com/
Telegram: https://t.me/TheXiraBot
Twitter: https://x.com/TheXiraBot

Term Structure Mainnet Launches, Revolutionizing DeFi with Market-Driven Fixed-Income Solutions 4617

Term Structure, the pioneering non-custodial fixed-income protocol, has officially gone live with its mainnet on Ethereum. This launch introduces the first institutional-grade, market-driven fixed-income protocol, revolutionizing how liquidity is provided between lenders and borrowers in decentralized finance (DeFi). Users can use their LSTs and LRTs as collateral to borrow tokens at fixed rates and terms and earn points and staking rewards in the primary markets, where the auction mechanism facilitates borrowing and lending. Meanwhile, the secondary markets support the trading of these fixed-income tokens through a real-time order book to enhance liquidity.

Co-founder Jerry Li, speaking from a traditional finance (TradFi) perspective, suggests that the lack of fixed-income products in the market is a major factor hindering the exponential growth of DeFi. The Term Structure Protocol fills this gap by providing fixed-rate and fixed-term products that enhance risk management and introduce a range of trading strategies previously unavailable in the DeFi ecosystem. These strategies are crucial for both institutional and individual investment planning.

With its mainnet launch, Term Structure aims to establish new global standards for liquidity management and allow users to secure a fixed cost of funds. This is essential for leverage opportunities to potentially earn higher floating APYs or to capitalize on token price appreciation.

“Our mainnet, designed to cater to institutional clients, traders, and retail investors, marks a pivotal development in DeFi. It allows users to leverage their digital assets with fixed rates and terms,” said Jerry Li.

Term Structure stands out by offering a unified fixed-income market that integrates both primary and secondary markets, unlike other protocols that separate them or use AMMs for different tokens. To get started, users can use their LSTs and LRTs as collateral to borrow tokens at fixed rates and terms, set their preferred interest rates, and choose maturity dates in the primary markets. When orders are matched, borrowers receive the borrowed tokens and must repay their debts by the maturity date to reclaim their collateral. Meanwhile, lenders receive fixed-income tokens redeemable at maturity for the principal plus interest. The secondary markets support the buying and selling of these fixed-income tokens through a real-time order book. Furthermore, the protocol leverages zkTrue-up, a customized ZK Rollup, to eliminate gas fees for placing and canceling orders, ensure fast finality, and maintain data availability. It includes safety features like Forced Withdrawal and Evacuation Mode to secure user assets in emergencies.

Ahead of its mainnet launch, Term Structure secured initial funding of $4.55 million in a series of seed fundraising rounds from industry-leading investors including Cumberland DRW, Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. To further improve the protocol’s security and reliability, the protocol’s smart contracts and ZK circuits have been meticulously audited by ABDK and HashCloak, two leading blockchain security firms. Moreover, the protocol has completed the trusted setup ceremony for zkTrue-up in collaboration with ABDK, HashCloak, and Web3 software development company Bware Labs. This ensures the security of zkTrue-up by discarding “toxic waste” (i.e., data that could deceive the system into accepting false proofs), thereby preventing anyone from controlling it and eliminating the possibility of a rug pull.

The protocol has also demonstrated substantial market traction with its testnet, seeing over 8,000 wallets and facilitating more than 2 million transactions. “Our recent testnet trading competition saw enthusiastic participation, with 560 wallets actively engaging and executing over 314,000 transactions, showcasing the robustness and readiness of our platform for wider adoption,” added Li.

With the mainnet now live, Term Structure is set to roll out several innovative features that will further enhance the platform’s capabilities. These include trading API, Layer 2 swaps, roll to Aave, and debt de-register. The protocol will also support more potentially yield-bearing tokens as collateral, implement RWA tokens collateralized financing, and develop DeFi forwards and term futures. Please follow the protocol’s social media for the latest updates and information.

About Term Structure

Term Structure introduces a distinct ZK Rollup solution democratizing fixed-rate and fixed-term borrowing and lending as well as fixed income trading by offering low transaction fees. Backed by Cumberland, HashKey Capital, Decima Fund, Longling Capital, and MZ Web3 Fund.

For more information, users can visit Term Structure’s website at https://ts.finance/