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Particle Network has joined forces with several prominent blockchain ecosystems to tackle blockchain fragmentation, one of the industry's most persistent challenges. Such fragmentation severely hinders user experience and innovation within Web3, which is why it will be resolved via the newly formed Chain Abstraction Coalition. Particle Network has already achieved much success in the last two years after gaining substantial investments from Spartan Group and Gumi Crypto as well as others such as Hashkee Capital, Flow Traders, SevenX Ventures, Morningstar Ventures, and SNZ. The company's innovative solutions have already been integrated into over 900 decentralized applications, protecting assets exceeding $2 billion in value and serving more than 17 billion users. Universal Accounts & The Coalition’s Goal One of Particle Network’s best features is Universal Accounts, which are currently operational on the Particle Pioneer Testnet. This breakthrough allows users to manage a single account seamlessly across multiple blockchain platforms, thereby enhancing interoperability by a significant margin in addition to improving user convenience. The Chain Abstraction Coalition, which comprises leading blockchain such as Arbitrum, Avalanche, Berachain, BNB Chain, Botanix, and Linea, aims to unify efforts in adopting chain attraction technologies. Put simply, it seeks to streamline user interactions across multiple blockchain environments, mitigating the complexities associated with navigating diverse protocols. The Coalition will therefore collaborate on integrating the Universal Accounts into their respective ecosystems through Co-Testnets in waves, and Particle Network will announce each set.

Asynchronous Backing halves block time, reducing it from 12 seconds to just six seconds. It also enables parallel transaction validation and block production and delivers significantly higher throughput, up to 10x, for Polkadot’s parachain consensus protocol. According to the Lead of Parachains at Parity Technologies, Asynchronous Backing will open up a myriad of possibilities for dApps (decentralized applications) that require rapid transaction processing. 

“The introduction of Asynchronous Backing opens a myriad of possibilities for decentralized applications requiring rapid transaction processing. With features like Agile Coretime and Elastic Scaling on the horizon, Polkadot is setting the stage for a wave of developer-driven innovation.”

A Game-Changing Technology  Many consider Asynchronous Backing a game-changing development for the Polkadot ecosystem. It dramatically accelerates transaction confirmation times and expands the network’s overall capacity. The expansion of network capacity is crucial for improving user interactions and helps facilitate several applications that rely on fast transactions.  Polkadot’s unique architecture allows parachains to take full advantage of Asynchronous Backing, doubling their own block times.  What Is Polkadot 2.0? Asynchronous Backing’s deployment clears the way for future transformative upgrades that will come with Polkadot 2.0. The enhancements brought by Polkadot 2.0 will significantly improve the network’s scalability, cost, speed, and flexibility, which, in turn, could encourage the growth of dApps. Polkadot 2.0 is a collection of network advancements that include Agile Coretime, Elastic Scaling, and Asynchronous Backing.  Agile Coretime is currently testing on Kusama and will soon make its way to Polkadot. It makes the developer onboarding process cost-effective and extremely straightforward for newcomers. Developers can use this feature to gain on-demand access to cost-effective blockspace by facilitating access to one, multiple, or partial blockchain computing cores. Developers can scale cores up or down depending on their projects’ compute requirements.  Elastic Scaling further refines Polkadot’s core structure and allows parachains to boost block production and transaction capacity. This high degree of adaptability is crucial for handling fluctuating transaction volumes and gives developers access to a scalable and responsive environment that adjusts resource allocation dynamically based on demand.  Polkadot educator Tommi Enenkel stated that Polkadot 2.0 could redefine how blockchains are incubated and could potentially open new avenues for decentralized applications. 

“These enhancements, which we are collectively calling Polkadot 2.0, are not just new features; they redefine how blockchains are incubated. From test-running occasional blocks cost-effectively to scaling to high throughput enterprise needs with guaranteed pricing and uptime, Polkadot 2.0 opens new horizons for decentralized applications, making it simpler, safer, and more economical to scale projects as needed.”

Bitcoin (BTC) has just dropped under $61,000 amid fears of continued selling from the US and German governments, and potential fresh selling from Mt. Gox BTC holders. Will the decline continue, or is $BTC at or near the bottom now? Bulls Or Bears? Bitcoin has been at the bottom of its range, and below $63,000 for the past ten days. Buyers and sellers are having a Battle Royale between the $63,000 down to the $60,000 price levels, and it’s still not apparent whether the bulls or the bears will end up the victors. $BTC Heading To $60,000 Next? In the very short time frame of the 4-hourly, it can be seen that the $BTC price is trying to stay on top of the very important $61,000 support. If this is able to hold for the next couple of days, the short time frame stochastic RSIs for the 4, 8, and 12 hours would be able to reset and then start bringing upside momentum back into the price. $51,000 Is Bearish Case However, as noted in the chart, the $BTC price is just starting to break down below the support. Should the breakdown continue, $60,000 and then $58,000 are probably the last lines in the sand before $BTC perhaps falls to $51,000. Zooming out into a more macro picture, the weekly chart shows that the $BTC price could be making its way down to the $60,000 support. There is still a modicum of support from $58,000 down to just over $57,000, but once and if $BTC confirms beyond this, the next stop is probably going to be $51,000. Can Weekly Stochastic RSI Provide The Bounce Momentum? That said, the bullish case says that we will bounce anywhere from here down to $57,000 and reach the top of the range resistance at $71,000 again, before breaking this and going higher. The weekly stochastic RSI would be the momentum behind this kind of move. Having reached the bottom, this indicator may cross back to the upside as early as next week, bringing a powerful momentum surge back into the price of $BTC.

The memecoin market is ablaze once again after recent market downturns dealt a severe blow to Bitcoin ($BTC) and altcoins in particular. The past week saw $WIF, $BONK, $BRETT, and $MOG gain back significant ground. The market at large recently underwent an uncomfortable downturn, which saw $BTC briefly dip to $58,500. Negative sentiment and macroeconomic concerns caused panic among investors, heavily affecting prices. Memecoins Regain Strength The crypto market recently underwent a significant downturn, which caused panic among investors and massive market sell-offs. On Monday, it appeared the considerable spread of contagion had settled mainly. All is, however, not recovered as the current session sees $BTC trade $62,784. Despite Bitcoin’s lacklustre performance, memecoins have regained considerable strength over the past seven days. Dogwifhat ($WIF) Sell-Off Slows Dogwifhat ($WIF) suffered severely in the wake of the market decline. While it is not near its recent high of $4, $WIF managed to gain 36.25% in the seven-day chart, according to data from CoinMarketCap. $WIF currently trades at $2.22, up 10.22% over the past 24 hours, signalling that sell-offs have halted – at least for now. Solana-Based $BONK Stands Its Ground Solana-based memecoins have been performing exceptionally well in the 2024 bull run, delivering investors significant returns on their investments. Bonk ($BONK) is a market newcomer only launching in 2023. Since its launch, $BONK captured the attention of the entire crypto industry with its active community participation. Bonk’s popularity also increased because its capped token supply introduced scarcity to the memecoin industry. At the time of writing, $BONK was up an impressive 21.71% over the 7-day chart, gaining 7.66% in the past day. Base-Network $BRETT Showing Upside Potential Base memecoins are threatening Solana-based memecoin’s dominance this year. Coinbase’s newly launched layer-2 blockchain, Base, saw an immense rise in on-chain activity, and Base-based memecoins are surging at lightning speed. The network’s biggest memecoin, Brett ($BRETT), quickly emerged on the must-watch list, with a market cap of almost $1.5 billion. $BRETT has had an impressive show in the last week and is trading up by 22.45%. $BRETT has gained 6.33% over the 24-hour chart. Keep An Eye On Mog Coin ($MOG) MOG Coin ($MOG) defied market odds in June, and according to data from CoinMarketCap, it gained 37% in the past month, a whopping 68.9% in the past week, and 7.67% in the past 24 hours. $MOG is a memecoin unlike any other, but it stays true to meme fashion. The project is passionate about memes and viral content and aims to give users pure, unadulterated humour. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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EU_Automatic Quantitative Trading Income Platform 24-hour uninterrupted data collection, no need for manual market observation, efficient and stable profits. This is the [EU_Exchange] automatic quantitative system. 1. [AI-Robot] Newbie Project, 10% income 2. [AI-Robot] VIP1-VIP8, 3.0%-13% income 3. [AI Rental] VIP1-VIP11, 1.5%-6.0% income 4. Three-level rewards, A+B+C=8% in total 5. Invitation rewards, up to 1200 USDT with no upper limit 6. New users can get 3%-10% for the first recharge 7. Cumulative rewards, up to 1888USDT-9999USDT EU_Registration link: https://euexchange.cc/#/register?i=366656 EU_Channel: https://t.me/EUExchangevip EU_Group: https://t.me/EUExchangeVipGroup Copy the promotion invitation link and share the invitation link to your social software, such as: Tiktok Facebook, Twitter, YouTube, Instagram, Kao, WhatsApp group, Telegram Groups and more.

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Sealana is a new seal-themed meme coin that earned widespread popularity during its presale, raising over $6 million. While the presale has now concluded, the demand for the meme coin only continues to rise. After all, Solana meme coins remain in high demand, owing to their low trading fees and high upside. With experts projecting SOL to skyrocket in the coming weeks, its meme coins could also deliver outsized returns. Sealana caught the attention of smart money traders owing to its eccentric and comical mascot, who was initially introduced as a typical crypto degen. This slightly overweight seal apparently “abandoned the gorgeous figure of his youth” and is only interested in finding the next big Solana meme coin. However, Sealana’s theatrics soon expanded beyond the world of crypto trading. He soon started sneaking into Area 51, smoking “green herbal joints” with Joe Rogan and heckling Connor McGregor. In his latest X post, the beloved seal was seen hitting the gym with Arnold Schwarzenegger. Thanks to his hilarious past-time activities, Sealana has garnered a significant social media following, boasting nearly 13k and 22k followers on his X and Telegram accounts, respectively. It has also received backing from deep-pocketed investors, who know better than to dismiss the upside potential of a meme coin that can make them laugh.

Billionaire crypto entrepreneur Andrew Kang has posted on X that in his view, the impact of the launch of a Spot Ethereum ETF would provide “not much” upside, and that it is already “more than priced in”.  Crypto Market Excitement At Imminent ETF Launch With VanEck having just made their 8-A filing for their Spot Ethereum ETF, its launch may be imminent. When VanEck last did this filing for their Spot Bitcoin ETF, the launch happened a week afterwards. The crypto market is extremely excited about this launch and many investors may have already bought $ETH in anticipation. The general thinking will be that if the Ethereum ETF is anything like as successful as that of Bitcoin, the price is bound to go up. A Bucket Of Cold Water That said, Andrew Kang, Managing Partner at Mechanism Capital, has thrown a bucket of cold water onto the situation. In an article posted on X, Kang posits that the $ETH price will not see much upside unless it “develops a compelling pathway to improve its economics” Spot Bitcoin ETF Analysis In his article he starts by analysing the Spot Bitcoin ETF, and states that even though there have been $14.5 billion net inflows, these are not all “true inflows”. What Kang calls the “basis trade” (carry-trade) he estimates to account for $4.5 billion, and straight conversion of Spot Bitcoin into the ETFs he estimates at $5 billion. Therefore he says that the true inflow is nearer to $5 billion. Kang cites Eric Balchunas’ estimate that the Ethereum ETF could attract 10% of what went into the Bitcoin ETF, which leaves the figure of around $0.5 billion. His own figure is slightly higher at $0.84 billion. When posing the question of how BTC managed to go from $40,000 to $65,000 by way of the ETF buying, Kang simply states that this was not the case. He says that “other buyers” in the spot markets were those mainly responsible for the price surge. He adds in his view that there is a demand flow for BTC this year of between $40 billion to as much as $130+ billion. Ethereum ETF Expectations Are Overinflated However, for Ethereum, Kang takes the view that the “expectations of crypto natives are overinflated.” He states:

"It is natural that those deep in the crypto space have a relatively high mind share and buy in of Ethereum. In reality, it has much less buy in as a key portfolio allocation for many large groups of non crypto native capital."

The billionaire analyst says that he believes $ETH will trade from $2,400 to $3,000 after the launch but does add that if $BTC goes to $100,000 at the end of this year or into Q1 of 2025, then this could “drag $ETH along to ATHs.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The past week saw the overall crypto market drop, with the total cap dropping to some of its lowest levels. Bitcoin briefly dropped below $64,000, with altcoins following suit. Polkadot ($DOT) took a knock and currently trades below $6. It has been a volatile week in the crypto market. Between June 20 and June, the market cap dropped an uncomfortable 3.9% to $2.34 trillion, close to its lowest levels in five weeks. The market decline affected every coin among the top 10, with Bitcoin dropping about 4%. Prices saw minor recoveries, but market sentiment remains bearish. Popular altcoin Polkadot ($DOT) dropped by 10.07% over the past seven days, currently trading at $5.71. The Reason Behind The Market Drop Is Unclear Market analysts speculated that the market downturn was caused by the German government's significant Bitcoin sale on June 19. However, The fallout from the German government's sale was mitigated by a large Bitcoin purchase by MicroStrategy, discrediting it as an explanation. The more likely explanation for the drop is traders’ reaction to the adverse macroeconomic outlook. Traders are reportedly concerned about the current US fiscal situation and believe the stock market may have already peaked. No Coin Is Immune While Bitcoin remains the general indicator of the state of the crypto market, altcoins are particularly volatile in instances of fiscal uncertainty. Despite significant positive developments in the ecosystem, Polkadot’s native coin $DOT, recently suffered a sizeable knock. $DOT is down over 20% in the past month, dropping 10.89% over the past seven days. At the time of writing, $DOT exchanged hands at $5.68, down 1.10% in the past 24 hours. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.