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Must Read, New Gems, Web3

Polygon’s Moon Girl NFTs Dominate Daily Sales

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With Over $1.36 Million In Sales

Polygon’s Moon Girl NFT collection has taken the market by storm, leading CryptoSlam’s daily sales chart with over $1.36 million.

For the second day in a row, Moon Girl NFTs witnessed sales in excess of $1 million. This performance surely cements Moon Girl’s place in the NFT space.

Furthermore, its consistent performance signifies the hunger for such a unique collection. Polygon’s Moon Girl proves to be an incredible journey; the NFT market remains one of the most competitive markets in the industry.

“The fact that our collection is this popular means a lot, both for our platform’s capabilities and the community’s enthusiasm for such projects.” They said

Top Contenders in the NFT Arena

In the second position behind Moon Girl came the Guild of Guardians Avatars on the Immutable network, which had sales worth $854,586.

However the interest behind these avatars is among the gamers and collectors alike, calling for Immutable to fasten its seatbelt on the height of glory.

Bitcoin Puppets were the third in the list, but it made a bit staggering performance from $1.33 million to $818,729 with an average price of $14,363 per NFT.

Nevertheless, this is quite impressive, showing how wild the collection is though the numbers dropped.

Ethereum and Other Notable Collections

Ethereum leads the blockchain space with a daily sales volume of $5.43 million. While this is lower than the previous day’s $4.17 million, the performance still attests to its resilience and mass adoption by the majority.

Notable collections like CryptoPunks and Mutant Ape Yacht Club continued their excellent performance, with CryptoPunks taking in $722,834 and Mutant Ape Yacht Club trailing at $722,400.

Mythos Chain’s DMarket and Pudgy Penguins also enjoyed excellent numbers. DMarket took in $666,332 in sales, and Pudgy Penguins raked in $632,595.

Not withstanding it`s evidence of diversity and vibrancy in the NFT market, with interests and investments cutting across a vast range.

Polygon's Rising Star

Having recorded over $2.7 million in sales, Polygon has pushed Solana from the top three, depicting growing influence in NFT space.

Furthermore Its considered an excellent feat, as the competition among blockchain platforms grows, trying to attract creators and investors. With its scalability and lower transaction fees in contrast, it is an attractive option for NFT projects, further cementing its position.

The Future of NFTs

The recent success of Moon Girl and other collections is an indicator that the future of NFTs is quite promising. Quite likely that with more creators and investors coming into this space, the need for platforms like Polygon shall increase.

The ongoing evolution of blockchain technology shall keep up with innovation, eventually coming up with new opportunities for art and collecting.

Conclusion, with platforms like Polygon leading the charge. The impressive sales numbers of Moon Girl NFTs underline the potential for great growth and investment in this thrilling space.

Blockchain, Business

Sei Foundation Unveils Major Second Airdrop

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27.4 Million SEI for Active Users

Exciting news from the Sei Foundation for its community: a second Sei airdrop is coming, where 27.4 million SEI coins will be distributed to 43,052 active users.

This drop is a thank you to all users who have actively contributed to the network since mainnet launch, with a special focus on stakers and liquid stakers, in addition to top NFT collectors.

Checking If You Are Eligible

You can check your eligibility for the second Sei airdrop at this verification page. First, read the terms and conditions, and then agree to receive your tokens. The deadline for this airdrop is before the start of Phase 3 of the Sei v2 launch, in the coming weeks.

In contrast to the first airdrop, which was heavily bashed on social media due to not meeting expectations of most of its users.

Core contributors and Sei Foundation wallets will not be included in this drop, making sure it’s fair.

Upgrades coming With The New in Sei v2 Upgrade

Coming with the Sei v2 upgrade are serious upgrades to the network. Validators are upgrading their software to support these changes, ensuring that previous applications and tokens will keep working.

One of the exciting things with the Sei v2 upgrade is the support for dual addresses. That means compatibility with both 0x addresses and native Sei blockchain addresses.

Since this is a phased roll, this means things will work in an optimized, known, and reduced-risk way for developers and early adopters.

Sei`s Comittment To Community Building & Future Prospects

Taking part in the second Sei airdrop is a great way to make the Sei community even stronger. Making sure this token is more equitably distributed by rewarding active users and not including core contributors and foundation wallets, the Sei Foundation is making sure users are more satisfied, and it encourages more people to actively use its network.

With the Sei v2 upgrade and the second airdrop, the Sei Foundation is well on its way to creating a mature, dynamic ecosystem.

The upgrades in Sei v2 will enable faster integrations and wider adoption of the new addresses.

In Conclusion

Sei v2 upgrade and second airdrop mark exciting milestones for the network. Through rewarding active users and introducing essential network enhancements, the Sei Foundation stands to grow a much stronger and more active community.

Don’t miss out on this opportunity—check your eligibility today and be on the lookout for further updates on Phase 3 of the Sei v2 launch.

Blockchain, Web3

Fantasy Top Leads Game NFTs in Daily Sales

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Discover the collections at the top of the pile.

On Tuesday, Fantasy Top blew away all competition with an astonishing $831,530 in daily sales. The surge in market interest is fast spreading and growing among collectors and gamers, and interest is on the increase for such game NFTs.

Fantasy Top Steals the Spotlight

Coming off Blast, an Ethereum layer-2 developed by Pacman, the founder of Blur NFT marketplace, Fantasy Top is a collection based on a trading card game centered around crypto influencers.

Its sales surged from $362,773 to over $831K in one day alone. This steep increase shows strong market interest and signals growing potential in game NFTs.

Other Collections

Coming in second place, DMarket pulled in $705,194, increasing ever so slightly from $651,908. DMarket is a Mythos-based collection that draws the attention of collectors with in-game NFT items of top online games.

Third came Immutable’s Guild of Guardians Avatars with $696,862.77 in daily sales, down slightly from $708,325. The consistent interest in these avatars showcases the demand for unique, game-centric NFTs.

Bitcoin’s NodeMonkes, which reigned supreme in the rankings, slid into fourth with $677,582 in sales, having dropped from $958,911.

NodeMonkes still remains a force in the market, having flipped the Avalanche-based Cabrada to turn it into the 26th best-selling collection of all time at over $228 million in sales.

Ethereum Reigns Supreme

Although no Ethereum collection hit the top three on Tuesday, the blockchain still took the top market with a total volume of $5.06 million.

Although this was down from $5.68 million, it proved Ethereum’s stronghold over the NFT ecosystem. As the most widely used blockchain for many of the most popular NFT collections, many have not been moving to other chains yet.

Market Trends: What's Next?

The data-driven insights provided by CryptoSlam offer a very open view of the dynamics operating in the NFT market. Collectors, investors, and enthusiasts can tap into this data pool to remain informed about the latest trends and shifts in this growing digital asset class

As game NFTs continue to gain momentum, new collections like Fantasy Top are setting the standard for success. The more that the market evolves, the greater potential there will be to see more inventive projects emerge that create excitement and investment for NFTs.

Those interested in the world of NFTs can remain updated on all the latest developments that occur from platforms such as CryptoSlam.

These insights not only offer a snapshot of what is happening currently in market conditions but also a peek at future opportunities in the ever-expanding NFT landscape.

Business, Markets

Binance’s Moves into Mexican Crypto Market.

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Binance is making waves in the Mexican crypto market

Starting May 29, 2024, Binance Spot will add new trading pairs, which include Bitcoin (BTC)/MXN, XRP/MXN, ENS/USDC, and LDO/USDC. In a move to expand into the Mexican Crypto Market.

This expansion is aimed at satisfying the growing demand for cryptocurrencies in Mexico, where market revenues are expected to exceed $1.4 billion this year.

Booming Market

This decision to add the Mexican Peso pairs comes hot on the heels of heightened interest in cryptocurrencies within the region.

According to a recent article, crypto market revenues in Mexico are forecasted to reach $1.417 billion in 2024, with an 8.53% growth annually and are set to reach $1.966 billion by 2028.

For Binance, this is not just a numbers game. This is to make the trading experience for its users better. The exchange added,

“Our goal is to expand the list of trading choices on Binance Spot and improve users’ trading experience.”

 In addition to trading bots for these new pairs will reportedly provide users with more flexibility and automated trading options.

Regional Restrictions

Of course, not all users will be able to access these new trading pairs. Due to regulatory restrictions, customers in certain regions will not be able to access these pairs; these include the United States, Canada, among several others.

Binance stated that these restrictions could change based on evolving laws and regulations.

Trading of these new pairs shall be available for users after the completion of account verification. Binance stated,

“Please note that the availability of these assets complies with local regulations and laws. We emphasize the importance of being compliant and secure.”

Bitcoin is currently at $68,723, which makes for an increase of 0.75%. XRP has fallen by 0.15% to $0.5279.

The LDO has further lost 5% to trade at $2.32, while ENS is up 3% to $25.95.

Future Prospects

Furthermore this can be well understood from the introduction of BTC/MXN and XRP/MXN, Binance is quite upbeat on the prospects for the Mexican crypto market. As the market gains critical mass, Binance is well positioned to take a large share, offering Mexican traders more choices and better service.

Users who are keen to exploit this new trading avenue should be keen to get the latest updates from Binance and adhere to the necessary verification procedures. If one approaches it correctly, this may present a big opportunity for Mexican traders.

Business, Uncategorized

Gate.HK Shuts Down

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Amid A Total Regulatory Overhaul

In a surprising turn of events, Gate. Io’s Hong Kong-based entity, Gate.HK, has announced plans to close down, in yet another exit move within the evolving landscape of cryptocurrency exchanges this was mainly due to crypto currency regulations in Hong Kong.

This comes as the regulatory agency, Hong Kong’s Securities and Futures Commission (SFC), has really stiffened the regulatory noose raising concerns among investors and industry observers alike

The Gate.HK A Platform Overhaul Amid Regulatory Scrutiny

Gate.HK, in a statement released on Wednesday, disclosed its intention to undertake a comprehensive overhaul of its platform, signaling a shift in its operational strategy. Users have been urged to withdraw their assets by August 28, as Gate.HK prepares to delist all cryptocurrencies by May 28.

This decision is accompanied by the platform’s halting of new user registrations and deposits, indicating a significant pivot in its business model.

While Gate.io remains tight-lipped about the reasons behind the withdrawal of its application for a crypto trading platform license in Hong Kong, speculation looms large within the industry.

The withdrawal, coupled with the closure of Huobi HK’s application for the second time, underscores the challenges faced by exchanges in the increasingly stringent regulatory landscape.

Hong Kong's Crypto Licensing Deadline Looms

Hong Kong’s Securities and Futures Commission (SFC) has set a firm deadline of May 31 for unlicensed crypto exchanges to cease operations, as part of its efforts to streamline and regulate the expanding cryptocurrency market.

Following this deadline, only platforms holding a valid license will be permitted to offer trading services to customers in the region.

Already, many big players in the cryptocurrency space, like Crypto.com, OKX, HKVAX, and Bullish, are actively seeking licensing approval, all with the aim of meeting the SFC’s regulatory standards.

Among these standards are stringent measures that must be followed: risk profiling, insurance coverage, secure asset custody protocols, and the restriction on several tokens for tradeing. This is the SFC’s commitment to maintaining a safe and compliant crypto trading environment.

Implications Exchange Clsures for the Industry

The withdrawal of Gate.HK’s license application underscores the challenges faced by crypto exchanges in navigating the evolving regulatory landscape. As Hong Kong moves towards a more regulated framework for cryptocurrency trading, exchanges are compelled to adapt their operations to comply with stringent licensing requirements.

For Gate.io, although the closure of Gate.HK is such a setback, it reminds all the more of the prevalent regulatory uncertainty in the crypto space.

The platform is optimistic and still hopes that something may happen in the future, but it is such a reminder of regulatory crackdowns on unlicensed exchanges and how they make the crypto ecosystem ring.

The crypto industry grapples with a myriad of regulatory challenges, and at this juncture, stakeholders are compelled to be vigilant, proactive, and adaptive in the ever-changing regulatory landscape as it seeks to comply with compliance standards while fostering innovation and growth in the digital asset space.

 

In Conclusion

The closure of Gate.HK and the withdrawal of its license application signal the changing dynamics in Hong Kong’s regulatory landscape. As regulatory bodies toughen their grip on the industry, exchanges are compelled to adapt and evolve to meet the ever-evolving licensing requirements.

While challenges are plenty, stakeholders are optimistic in terms of long-term prospects as they anticipate the emergence of a regulated and compliant crypto ecosystem in Hong Kong and beyond.

 

Editors Pick, Guide, Guides

Cryptocurrency Haven Nations

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A Journey Through the Global Spectrum of Digital Havens

With the captivating allure of cryptocurrencies gripping investors worldwide, the quest for the ideal investment environment becomes an adventurous pursuit. In this digital odyssey, certain nations stand tall as beacons for crypto enthusiasts, boasting regulatory clarity, tax-friendly policies, robust technological infrastructure, and the kind of government support that’s more comforting than a warm cup of cocoa on a chilly night.

Premier Destinations for Crypto Investment.

Governments around the globe find themselves in a dilemma, grappling with the task of regulating cryptocurrencies, the Cinderella of the financial world, whose popularity continues to soar. Amidst this regulatory tango, we embark on a thrilling comparative analysis of the world’s most welcoming crypto-friendly nations: Switzerland, Singapore, Malta, Portugal, and Estonia.

Switzerland

Where Financial Secrecy Meets Crypto Clarity

Switzerland, famous for its precision timepieces and secret bank accounts, emerges as a sanctuary for crypto investors.

Here, the regulations are as clear as Swiss mountain air, and tax treatments are sweeter than Swiss chocolate. Private investors can breathe easy, knowing they won’t be taxed on crypto profits unless they’re moonlighting as crypto cowboys.

Particularly noteworthy is the exemption of private investors from capital gains tax on cryptocurrency profits under specified conditions. not forget the Swiss government, cheerfully leading the charge in supporting blockchain initiatives, making Switzerland the crypto Eden.

Singapore

Spearheading Progressive Regulation

In the heart of Asia, Singapore strides boldly into the crypto arena with progressive regulations that could make even the most seasoned investors do a double-take. No capital gains tax on crypto income.

However, profits derived from digital asset trading conducted as a business activity are subject to income tax. But with Singapore’s cutting-edge tech and government initiatives, Singapore emerges as a stronghold of crypto investment friendliness.

Malta

The Heart of Blockchain Innovation

Welcome to “Blockchain Island,” where Malta’s legal framework for crypto is as rock solid. With tax incentives that make other countries green with envy that is offering attractive tax incentives for crypto enterprises.

While long-term capital gains tax on cryptocurrency is non-existent, trading profits may be subjected to income tax all while nurturing a thriving blockchain ecosystem. With Malta’s proactive stance, it is quickly gaining a reputation as a premier choice for crypto-focused ventures.

Portugal

An Enticing Tax Landscape for Individual Investors

In sunny Portugal, individual crypto investors can bask in the warm glow of tax-free earnings like they’re lounging on a golden beach. featuring no personal income tax on cryptocurrency earnings,

Portugal`s clear regulatory stance and supportive governmental measures have let to mushrooming of several blockchain initiatives, it’s no wonder Portugal is becoming the go-to spot for crypto enthusiasts looking to blend business with pleasure.

Estonia

Ahead in the Digital Frontier

As a pioneering digital nation, Estonia boasts crypto regulations as sleek as its e-governance infrastructure.

With an even more favourable tax environment for crypto investments, and government support that creates direct interaction between state and citizen augmenting appeal for tech-savvy investors.

In Conclusion

While each of these nations offers significant advantages for crypto investors, they also encounter distinct challenges. Regulatory shifts, potential tax amendments, and varying levels of local adoption can influence their positions.

Established ecosystems in Switzerland and Singapore juxtapose against the rapid advancements of emerging players like Malta and Portugal. Looking ahead, nations such as the UAE and the Philippines are crafting more crypto-friendly regulations, poised to ascend the ranks of favorable destinations.

By furnishing comprehensive insights into the crypto landscapes of these nations, investors can make informed decisions to leverage emerging opportunities while navigating potential risks.

All in all, remember to buckle up, because the crypto rollercoaster is one wild ride you won’t want to miss.

Blockchain, Guides, Solana, Web3

Exploring The Solana Blockchain With Phantom Wallet

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If you have recently shown an interest in Solana projects, then look no further than the Phantom Wallet, a doorway into the Solana ecosystem. In this detailed guide, we will walk you through the steps on how to buy Solana projects using the Phantom Wallet while making sure that you are well aware of everything that goes into your decision.

Setting Up Your Phantom Wallet

Step 1: Install the Phantom Wallet Extension

Getting started on Solana requires you to have the Phantom Wallet browser extension. Phantom has got your back, whether you use Chrome or Firefox. Just go to the Phantom Wallet website and follow their easy installation process.

For Mobile Users:

Phantom is available on both iOS and Android devices. Visit the Phantom Wallet website and select the app store that matches your device (iOS/Android). This ensures you download the official app. Follow the steps to download and install the application on your device.

Step 2: Create Your Wallet

After downloading the extension, open it and follow the instructions to create your wallet. Note particularly your Secret Recovery Phrase it’s like the golden key to your crypto kingdom.

Keep it safe; losing it could bring you on a digital treasure hunt you’d rather not have.

Buying Solana (SOL) Tokens

Before diving deep into Solana projects, you will want SOL tokens. Here is how to buy them right inside Phantom Wallet:

Step 1: Open Phantom Wallet

You will open the Phantom Wallet and click on the “Deposit” button. Now, you will see two buttons in front of you: Buy with MoonPay or any other method Choices, choices!

Step 2: Choose Your Purchase Method

The easy way around this: click “Buy with MoonPay. Then, specify how much SOL you want, provide your email, and go through the required verification steps.

Alternatively, you can select a different provider as Solana integrates with several Coinbase Pay, and Robinhood. Select your preferred provider.

Step 3: Complete the Transaction

Follow these prompts; fill in your payment information, and voilà! Your SOL tokens will soon grace your Phantom Wallet. It’s sort of like getting a high-five on the blockchain.

Looking into Solana Projects

Now that you have SOL in your wallet, let’s explore some incredible Solana projects:

  1. Magic Eden: Picture the largest NFT marketplace on Solana, complete with a high-quality UI and an overwhelming collection of digital art. Browse through its various pages in search of your next masterpiece.
  2. Marinade Finance: A protocol that enables you to stake your SOL tokens in return for rewards? Marinade Finance is the liquid staking protocol leading within the Solana ecosystem.

Purchasing Solana Projects

Let’s say you’re targeting an NFT from Magic Eden. In that case, navigate to their website and connect your Phantom Wallet. Make sure you have enough SOL in your balance for buying and fee commissions.

Step 1: Log in to the Project’s Platform

Let’s say you’re targeting an NFT from Magic Eden. In that case, navigate to their website and connect your Phantom Wallet. Make sure you have enough SOL in your balance for buying and fee commissions.

Step 2: Choose the Asset

Scroll through all the existing assets, pick up what your digital heart beats for, and push “Buy”. Confirm the transaction via your Phantom Wallet, and just like that the asset belongs to you!

Step 3: Track Your Investments

You can view your holdings in Phantom Wallet. Kind of like seeing what’s inside your crypto treasure chest no pirate hat required. You can check your balance explore your NFT collection and also see your transaction history.

Security Tips

  • Never Share Your Secret Recovery Phrase: Like, ever. Keep it safe like a dragon protects its hoard.
  • Use Two-Factor Authentication (2FA): Add a layer of security to your wallet. It’s like creating a a firewall on top of another firewall.
  • Keep Informed: Stay current with Phantom Wallet news and security practices. After all, knowledge is power especially in crypto.

Conclusion

Purchasing Solana projects using the Phantom Wallet is smoother than a well-polished blockchain.

With this guide, you will be well-equipped to sail through the Solana ecosystem, make intelligent investment decisions, and maybe even find your digital Mona Lisa.