Blockchain
MetaDoge Listed on ZT & BKEX Exchanges; 1500 NFTs Sold Out
London, United Kingdom–(Newsfile Corp. – January 6, 2022) – MetaDoge has been listed on the ZT and BKEX exchanges; also trading has started to create a high-reward system integrated with the latest technologies of the MetaVerse and cryptocurrency. MetaDoge lets members explore the metaverse. There were 1500 NFTs available for minting in Season 1 and all were sold out, as the total market cap crossed $10 Million. On the platform, users can also stake NFTs, mint new NFTs, and interact with the metaverse in different ways.
MetaDoge
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Merging Meme Coins and Metaverse
The metaverse enables members to engage with the digital world in a new way, and MetaDoge is setting an example by merging the same with meme coins. The platform that will see an increase in the final value of the meme coins associated with the MetaDoge platform is available on Binance Smart Chain.
In the future, it will get listed on Ethereum Network and a bridge between the two blockchains on which MetaDoge will be built, will improve the way members interact while increasing their rewards from trading. The platform is verified and has received the CERTIK audit authentication and has seen an impressive performance in the crypto ecosystem.
NFT Staking and Minting
The members can mint NFTs on MetaDoge via their dedicated dApp that also allows shopping and staking NFTs. There are five levels of NFTs, each with a unique return rate, drop chance, and APY. These are Common, Uncommon, Rare, Epic, and Legendary.
The platform has impressed more than 12000 members who have staked 95% of owned NFTs, further raising the value of the platform and the native meme coin. With every NFT sold out in Season 1, Season 2 is coming soon.
MetaDoge Tokenomics
MetaDoge has 1 trillion token supply, and 60% is in circulating supply. At its launch, 40% of the tokens were already burned. 41% of the total supply is also allocated to PanCakeSwap, and 7% of the supply is further kept aside for NFT staking rewards. 1% of the supply was sold in pre-supply, and 4% is sidelined for giveaways.
About MetaDoge
MetaDoge is an end-to-end metaverse-oriented platform with high-reward generation tokenomics and systems. Users can interact with the meta world in different ways. The members can easily create their unique avatars and engage with a digital world. After the successful launch of season 1 of NFTs, users will engage with season 2 in the future along with the Metaverse P2E game.
Media Contact
Dominic Luke
Email – [email protected]
Website – http://www.metadoge.live
PR – Cryptoshib.com
Email – [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109258
Blockchain
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
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Blockchain
NYSE gauges interest in 24/7 stock trading like crypto
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
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