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Blockchain Press Releases

Crypto is Crashing But Wall Street Memes Coin Raises $25m – Announces Staking and CEX Listings Date

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NEW YORK, Aug. 18, 2023 /PRNewswire/ — Crypto is crashing but the Wall Street Memes coin has raised $25 million in its presale and today officially announces its new staking service and top-tier exchange listings coming on September 27th.

Meme stocks-inspired community-powered coin Wall Street Memes is now only around $900k away from entering the last stage of its 30-stage tiered presale. The token’s price rises from $0.033 to $0.0337 in the final 30th stage, as the presale accelerates toward sellout when it reaches its end goal of $30 million.

There really is no time to lose to get in on the ground floor of what is shaping up to be the biggest presale of the year – Wall Street Memes has raised more than $350,000 in the past 12 hours as the raise run rate quickens, with only 40 days to go until CEX listings.

The Wall Street Memes staking service is growing fast. At lightning speed, 7% of the presale allocation of 1,000,000,000 tokens (50% of the total token supply) has been deposited.

Buy $WSM now, and you can start earning up to 283% APY on your staked coins

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Stakers can currently earn an annual percentage yield of 283%, according to the staking dashboard.

At the time of writing, the staking pool totals 70,534,061 tokens so far, and that figure could quickly rise to a majority of the presale supply as holders take the opportunity to lock in yield.

Although the APY will drift lower as more tokens are deposited into the smart contract, it will likely still be in triple or high double figures by the time of launch, adding further incentive for prospective buyers of $WSM.

Staking was only launched on Thursday, but eagle-eyed community members had spotted it was available two days earlier as part of a stealth rollout.

The significance of staking cannot be overstated. Because it provides a passive income stream, it will encourage long-term holding of the coin.

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Staking will help to make Wall Street Memes crashproof

At the same time, as far as the capital tied up in the coins is concerned, it provides price stability by bearing down on any selling pressure when $WSM launches on major centralized exchanges (CEXs) in September.

This is not based on idle speculation but instead gleaned from the actual market experience of a new type of ‘version 2’ coin that puts staking front and center in a similar way to $WSM – btc20.com.

BTC20 is a ‘version 2’ coin that launched straight to DEX with a maximum 21 million token supply (just like bitcoin) and stake-to-earn model that pays out on a schedule that replicates BTC block production since 2011.

BTC20 is trading up 80% since its launch just over a week ago and has been subject to no downward lurch in the present crypto crash.

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Hot on the heels of the staking rollout, Wall Street Memes’ reveal today that CEX listings are already confirmed at major trading venues is welcome news for $WSM token holders and is adding to FOMO.

Wall Street Memes boasts a 1 million-strong community of savvy retail investors

Boasting a social community of more than one million savvy retail investors, Wall Street Memes emerged as a champion of retail investors in the meme stocks movement in 2021.

Wall Street Memes coin is one of the largest fundraises in the crypto market this year and is the brainchild of the team behind the one million-strong social Wall Street Memes community. It is one of the internet’s most influential retail investing communities.

For instance, its Wall Street Bets Instagram account alone has 534k followers and another 260,000 on X (formerly Twitter).

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It also has over 100k followers across its two other Instagram channels, wallstgonewild and wallstbullsnft.

And not to be left out, in May this year, the team launched the Wall Street Bulls Ordinals NFT Collection.

The founders of WSM know a thing or two about NFTs. They famously made $2.5 million when, in 2021, they minted the highly successful Wall Street Bulls 10,000-piece NFT collection, which sold out in 32 minutes.

With that sort of proven crypto execution power, the WSM crew is going to take the crypto meme coin sector by storm when its lists and more products start to launch under the Wall Street Memes brand, driving up the utility value of the stake-to-earn community coin.

Alongside the existing brand power of Wall Street Memes among retail investors, the crypto project has another thing going for it that competing meme coins lack – verifiable legitimacy.

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When the likes of multi-billionaire Elon Musk interact with your Twitter feed (now rebranded as X), you know you have arrived. That’s exactly the enviable situation that $WSM is in, as can be seen by just a couple of Musk’s posts on the @wallstmemes Twitter feed:

https://twitter.com/elonmusk/status/1636924379086077954

https://twitter.com/elonmusk/status/1649784663924244482

When it comes to meme coin influencers, they don’t come any bigger than Elon Musk, which is yet another reason why the Wall Street Memes token presale is already such a staggering success.

Mystery product in the works at Wall Street Memes, according to sources

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As it closes on its $30 million hard cap target, Wall Street Memes has earmarked 30% of its tokens for community rewards.

But its plans don’t stop at staking. According to those with knowledge of the matter, the team is planning a major product release before or soon after the coin lists.

The aim of the Wall Street Memes coin is nothing short of monetizing the investor-focused social movement that, at its height, saw bands of retail stock buyers coordinating their efforts on the Reddit sub WallStreetBets, taking on Wall Street and winning.

Now Wall Street Memes is bringing the same swashbuckling spirit to crypto. Although the raison d’etre of crypto was about supporting the little guy against institutional power, in some respects, it has strayed from that goal.

Wall Street Memes wants to get back to basics and provide a way for those who supported the ideals behind the speculative frenzy that undoubtedly underpinned the meme stocks frenzy to be winners in crypto.

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https://twitter.com/wallstmemes/status/1691525176012525568

Wall Street Memes – fair presale that’s ideal for sophisticated risk management

Wall Street Memes is not just the biggest presale of the year, it is also one of the fairest. 

Fifty percent of the token supply of 2 billion is available in the presale: 30% as community rewards, 10% for CEX liquidity, and 10% for DEX liquidity.

And with the addition of the staking utility to $WSM, token holders are being rewarded for their early commitment to the project.

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If it hasn’t already, Wall Street Memes will become even more of a magnet for the funds of switched-on sophisticated crypto investors looking to diversify their portfolio and control capital risk – a passive income vehicle like Wall Street Memes is ideal for meeting those investment goals.

Wall Street Memes is the best crypto to buy today, says a growing roster of crypto analysts

The brand allure of Wall Street Memes and the ongoing success of its presale means that it is already a top coin before it even hits the spot market.

Crypto experts are lining up with a bullish forecast for Wall Street Memes coin.

YouTube cryptocurrency analyst Crypto Faro with 58k subscribers, dubs $WSM a Shiba Inu coin killer, although some might say that the SHIB team’s disastrous rollout of its Shibarium Layer 2 mainnet is achieving that death wish all by itself.

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Next up is YouTuber Joe Parys, with 380k subscribers. He tells his viewers that Wall Street Memes coin could be a 100x crypto.

Another analyst, Michael Wrubel, this time with 310k subscribers on YouTube, is putting his money where his mouth is and has invested in $WSM.

And avid crypto presale watcher and expert analyst Jacob Crypto Bury reckons Wall Street Memes could be the best crypto to buy today, with only six weeks to go before it lists on top exchanges.

For other crypto financial influencers, $WSM could be the next Pepe coin because of its ability to monetize the meme stock movement.

And it’s not just in the video world that Wall Street Memes has been making waves. Check out the coverage on Coingape, Cryptopotato, Analytics Insight, U.Today, Outlook India, Finbold, and The Coin Republic.

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Given the marketing strength being demonstrated by Wall Street Memes at this relatively early stage in its roadmap and the start of utility-enhancing product rollouts, expect the remaining tokens to be snapped up in short order.

Where to Get Your Wall Street Memes Token – And Enter the $50k Airdrop

$WSM can be bought on the Ethereum blockchain and BNB Smart Chain using ETH, BNB, or USDT (ERC-20 or BEP-20). If you wish to stake now, then you must buy with ETH.

You can also buy with a credit or debit card. Whichever route you choose to buy, be sure to do your own research and make sure to only invest what you can afford to lose.

All that prospective buyers need to do is connect their funded crypto wallet on the wallstmemes.com website to make their purchases.

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After investing, you can join the Wall Street Memes competition, where five lucky degens can benefit from a $50,000 $WSM airdrop.

If you are a $WSM token holder, then you can click on the button at the Wall Street Memes Linktree page to complete the steps to qualify for the airdrop.

Wall Street Memes, the king of stonks, is quickly becoming the king of a new category of meme coin with solid utility value. It is not too late to get on board the most-talked-about presale opportunity in crypto.

Buy Wall Street Memes Here

Photo: https://mma.prnewswire.com/media/2189165/wall_street_memes.jpg

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Blockchain Press Releases

Bybit Announces Highly Anticipated Restock of BTC Wealth Management Fund Pool

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DUBAI, UAE, June 21, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, is thrilled to reveal its upcoming restock of the Bitcoin (BTC) Wealth Management Fund Pool, following the immense popularity and success of the initial rounds.

Sold Out in Record Time

During the soft launch on June 3, Bybit allocated a total of 100 BTC to the Wealth Management Fund Pool, which astonishingly sold out within a mere 7 hours.

Catering to High Net Worth Individuals (HNWIs), VIP customers, and asset managers, the first restock of 50 BTC went live on June 5, quickly oversubscribed within a remarkable 5 hours, highlighting the continued demand and enthusiasm from our valued users.

Restock for VIPs and Regular Users

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The second round of restock will be available to both VIP customers and regular users, offering the most compelling rates in the industry.

It is scheduled to take place on June 21, 10 AM UTC. Bybit is excited to offer users another opportunity to participate in this investment opportunity, and understands the importance of catering to a diverse range of investors and are committed to providing equal opportunities for all.

Bybit’s Wealth Management service empowers users to efficiently manage, plan, and invest their digital assets. It offers a range of professional investment strategies and diverse portfolios to help users achieve their investment goals effectively and confidently.

For more information about Bybit Wealth Management, visit this page.

#Bybit / #TheCryptoArk

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About Bybit

Bybit is one of the world’s top three cryptocurrency exchanges by volume with 30 million users. Established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

Bybit’s Institutional Investors Triple ETH Exposure Ahead of ETF Launch

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DUBAI, UAE, June 21, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, has released a new study showing institutional investors have increased their ETH holdings ahead of the launch of the spot ETH ETF in the US. Analysts predict this ETF will capture between $8 and $12 billion from US and global markets, driving Ethereum to new all-time highs by year-end.

According to recent data, Bybit’s institutional investors’ exposure to ETH has almost tripled since the ETF announcement on May 24, 2024—moving from 6.54% to a current weighting of 14.29%. This surge underscores the growing confidence in Ethereum’s future performance and the expected positive impact of the ETF launch.

Retail investors on Bybit have also increased their ETH allocations, although not as dramatically as institutional investors. The allocation to ETH has risen from 7.40% to 9.52%, reflecting a cautious but positive response to the ETF announcement.

“Ethereum is the crypto product favored by traditional capital such as BlackRock and Franklin Templeton, both of whom have tokenized funds on the platform,” said Hao Yang, head of financial products at Bybit. “Given this, the chain seems poised to become the institutional pick. With its native yield, the ETH token allows for composability, and we are seeing protocols building interesting derivatives based on ETH’s stable yield, leveraging this to create crypto primitives that mimic those built on top of the US Treasury market. Finally, because a portion of ETH is burned (sent to a wallet from which no withdrawals are possible), the asset can become deflationary, which means the more network effects kick in, the scarcer the asset becomes.”

#Bybit / #TheCryptoArk

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About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 30 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

Taiwan’s Leading Crypto Market Leader BitoGroup Partners with Digital Bank to Launch World’s First Crypto-Friendly Bank Account

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TAIPEI, June 21, 2024 /PRNewswire/ — BitoGroup, the leading cryptocurrency market leader in Taiwan, today announced its partnership with Far Eastern International Bank Bankee to launch the world’s first dedicated crypto-friendly bank account. As cryptocurrency adoption by international institutions continues to grow, BitoGroup began serving financial institutions two years ago, setting a precedent as the first cryptocurrency exchange to form an alliance with financial institutions. This partnership promotes seamless integration between traditional banks and third-party payment processors. It represents a significant breakthrough for the financial market and has sparked considerable interest within Taiwan’s financial sectors. By collaborating with large institutions, BitoGroup aims to strengthen the cryptocurrency ecosystem and plays a crucial role in driving innovation in financial technology.

The world’s first dedicated bank account for cryptocurrency users is the result of three years of research and effort by BitoGroup and Bankee. This innovative service was achieved by integrating the systems and service processes of the two companies, while ensuring compliance with regulations and supervisory measures, and prioritizing user’s experience.

“Both BitoGroup and Bankee place great emphasis on the security of member assets, platform stability, and user transaction experience,” said Titan Cheng, Founder and CEO of BitoGroup., “Since the initial pilot phase, we have received positive feedback from the community. The Bankee dedicated account can be linked to BitoPro’s exchange account and set up in as little as one hour, significantly enhancing user’s convenience. During the pilot phase, the average daily transaction amount per user increased by 25%. With over one million members in Taiwan, we expect explosive growth once the service is officially launched.

Cheng emphasized that the cryptocurrency community is excited about the collaboration between exchanges and traditional financial institutions. This collaboration will positively improve user confidence in transactions and reverse the negative image of cryptocurrency scams. In the future, BitoGroup will join forces with Bankee to introduce more services, enriching the flexibility of utilizing both fiat and cryptocurrencies.

BitoPro has also partnered with Taiwan’s largest third-party payment processors, Neweb Technologies, to launch “BitoPay”, enabling 300,000 merchants and millions of members to use cryptocurrency for payments, making “BitoPay” the most widely accepted crypto payment solution in Taiwan.

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BitoGroup believes that partnering with large institutions to integrate cryptocurrency use into existing operational systems is not only the best way to promote cryptocurrency usage but also fosters innovation. Initiatives such as exchanging convenience store loyalty points for digital currency, enabling cryptocurrency payments through e-commerce third-party payment services, and the recent launch of crypto-friendly accounts with Bankee, all contribute to expanding the existing ecosystem. BitoGroup’s robust blockchain infrastructure, combined with a focus on optimizing service processes through technology, will create a win-win situation for institutions, exchanges, and users.

Taiwan’s cryptocurrency industry has officially entered a new era of regulation with the establishment of the Virtual Asset Service Provider (VASP) Association. BitoGroup’s founder and CEO, Titan Cheng, has been elected as the first Chairman of the VASP Association. This close cooperation between cryptocurrency and traditional financial institutions will help strengthen the trust of regulatory authorities and financial institutions in the cryptocurrency industry, laying a solid foundation for the crypto-financial system.

About BitoGroup

Founded in 2014, BitoGroup aims to use blockchain technology to achieve the goal of inclusive finance, including assisting companies and consumers to enter the new era of Web3. The businesses of the group include BitoPro (a cryptocurrency exchange), BELS (an NFT empowerment platform), and O2 META (a metaverse-focused social media platform).

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