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Blockchain Press Releases

Memecoin Mania Boils Over! Join Bybit Web3’s Live Stream Debate: Fad or Future?

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Featuring CryptoYapper, AltCryptoGems, BeInCrypto, and Ronny Roehrig (CEO of Cripto Avances).

DUBAI, UAE, May 22, 2024 /PRNewswire/ — Bybit Web3, the Web3 division of Bybit – one of the top three global crypto exchanges by trading volume, today announced its upcoming live stream event, “Memecoin Mavericks: Where Will the Winds of Memecoin Fate Blow?” 

Scheduled for Friday, May 24, 2024, at 8:00 AM UTC, this hotly anticipated debate composed of renowned industry experts will go head-to-head on the significance and future of memecoins within the ever-evolving Web3 landscape.

In addition to the expert firefight, the event boasts a popularity voting contest featuring nine trending and charismatic memecoins: AllYourBase, Toshi, BaseGod, Brett, Based Fellas, FOMO, Based Peaches, Poncho, and EZ. Attendees who participate in the voting will have the chance to win the most popular memecoin based on the collective votes.

“We’re thrilled to present ‘Memecoin Mavericks,’ an engaging live stream debate where industry leaders will dissect the future prospects of memecoins,” said Emily Bao, Bybit Web3 Evangelist. “This event captures the dynamic spirit of Web3 and provides a unique platform for our community to gain valuable insights, participate in lively discussions, and even win big. Join us on May 24th to explore whether meme coins are just a fleeting trend or the next big thing in crypto.”

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Why You Can’t Miss This Livestream

Meme Mania Heats Up

The memecoin market is experiencing a red-hot surge, with trading volume reaching its highest level since May 2021! This surge signifies a massive influx of interest in memecoins, with popular tokens like Dogecoin, Shiba Inu, Pepe, Floki Inu, Dogwifhat, BONK, Brett, and Toshi leading the charge. This trend coincides with the thriving network usage of Base. DeFiLlama data shows its 24-hour trading volume currently exceeding $250 million, a tenfold increase from just $25 million at the end of January.

Memecoins themselves have seen a phenomenal 195% annual increase, significantly outperforming Bitcoin’s respectable 123% rise. The total market cap for memecoins has ballooned to a whopping $51 billion, showcasing the immense potential – and inherent risk – this sector holds. But is this a sustainable trend, or a fleeting frenzy? Join our live stream to find out!

Renowned Experts. Fiery Debate.

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Witness CryptoYapper, AltCryptoGems, BeInCrypto, and Ronny Roehrig (CEO of Cripto Avances) engage in a lively debate on a range of thought-provoking themes. From the true spirit of meme culture in Web3 to the potential of memecoins on Base versus Ethereum, prepare for explosive discussions on investment drivers, memecoin trajectories, and the future of this fascinating crypto niche. 

DEX Pro Demo & Quiz with Big Rewards!

Learn about Bybit’s cutting-edge DEX Pro platform through an insightful walkthrough. Plus, test your memecoin knowledge and win up to $5,000 in trending memecoins on Base by participating in our interactive quiz during the live stream! Don’t miss out – the voting window is open now until May 31, 2024, at 11:59 PM UTC.

Bybit: Your Gateway to the Memecoin Conversation

This live stream is your chance to delve into the fascinating world of memecoins and gain valuable insights from industry leaders. Don’t be left on the sidelines – tune in and join the conversation: https://www.bybit.com/en/press/live/web3-memecoins

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#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting. 

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

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For more details about Bybit, please visit Bybit Web3.

About Bybit

Bybit is one of the world’s top three crypto exchanges by trading 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

Bybit Web3 Logo

Photo – https://mma.prnewswire.com/media/2417897/Memecoin_Mania_Boils_Over__Join_Bybit_Web3_s_Live_Stream_Debate.jpg

Logo – https://mma.prnewswire.com/media/2311075/Bybit_Web3_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/memecoin-mania-boils-over-join-bybit-web3s-live-stream-debate-fad-or-future-302152101.html

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Blockchain Press Releases

HTX Appoints Singapore National Goalkeeper Hassan Sunny as Chief Safeguarding Officer

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SINGAPORE, June 15, 2024 /PRNewswire/ — HTX, a leading cryptocurrency exchange, proudly announces the appointment of Singapore national football team goalkeeper Hassan Sunny as Chief Safeguarding Officer.

“The partnership between HTX, the ‘People’s Exchange’, and Hassan Sunny, the ‘People’s Goalkeeper’, is a perfect match,” said Justin Sun, Member of the HTX Global Advisory Board. “Together, we will work to ensure the safety and security of user assets in the ever-evolving crypto world. Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user’s assets with the same determination and resolve, providing the safest and most reliable investment environment possible.”

Sunny also expressed his excitement about joining the HTX family, stating “I am excited to be part of HTX. I can’t wait to embark on this journey with the team.”

Sunny has been called a national hero in China for his outstanding performance in the final group match of the first round of the 2026 FIFA World Cup Asian Qualifiers against Thailand on June 11th. Despite facing relentless attacks, Sunny made an incredible 11 saves, including a crucial one in stoppage time. Singapore ultimately lost the match 1-3, but their result helped China qualify for the next round at the expense of Thailand.

About HTX:

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Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

 

View original content:https://www.prnewswire.co.uk/news-releases/htx-appoints-singapore-national-goalkeeper-hassan-sunny-as-chief-safeguarding-officer-302173558.html

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Blockchain

New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Blockchain

Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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