Blockchain
JasmyCoin emerges as top gainer amid increased whale activity
JasmyCoin (JASMY) has surged by 26% in the past 24 hours, trading at $0.028 at the time of writing. This marks the first time since April 2022 that JASMY has reached this price level. However, it remains significantly below its all-time high of $4.99 from February 16, 2021, down by 99.44%.
Increased Whale Activity
JasmyCoin has emerged as a top gainer amid heightened whale activity. According to Santiment, the number of whale transactions (each involving at least $100,000 worth of JASMY) increased more than eightfold in the past 24 hours, rising from four to 37 unique transactions. This spike in whale activity could signal potential price volatility and significant price movements due to short-term profit-taking or a possible mass selloff.
Trading Volume and Market Cap
The daily trading volume of JASMY has skyrocketed by 600%, reaching $422 million. The asset’s market cap is approaching $1.4 billion, making it the 69th-largest cryptocurrency at the time of reporting.
Background and Founders
JasmyCoin is the native token of Jasmy Corporation, a Japanese Internet of Things (IoT) provider. The platform aims to merge blockchain technology with IoT, allowing users to convert their digital information into digital assets. The project was founded by prominent executives, including Kunitake Ando (former COO at Sony Corporation), Kazumasa Sato (former CEO of Sony Style.com Japan Inc.), and Hiroshi Harada (executive financial analyst at KPMG).
Market Context
JasmyCoin’s price rally coincides with a broader bullish trend in the crypto market, spurred by the approval of long-awaited spot ETH ETFs. The increased activity and interest in the market have contributed to JASMY’s recent surge.
Dormant Circulation and RSI
Data from Santiment shows that the dormant circulation of JASMY for 365 days has surged from 3.4 million to 24.28 million tokens, indicating that some investors might be preparing to take profits. Additionally, the JASMY Relative Strength Index (RSI) is currently at 82, suggesting that the asset is overvalued at this price point. For JASMY to sustain its bullish momentum, its RSI would need to cool down below 50.
JasmyCoin’s recent surge and increased whale activity highlight its growing adoption and market interest. However, the high RSI and significant dormant circulation suggest caution, as these factors could lead to potential price corrections.
Source: crypto.news
The post JasmyCoin emerges as top gainer amid increased whale activity appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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