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Bitcoin Slides Below $25K as Crypto Selloff Continues
Key takeaways:
- Bitcoin lost more than 20% in the last 7 days and dropped below the $25,000 price level
- Ethereum and other major altcoins are showing negative double-digit 7-day price changes
- More than $870 million in futures contracts has been liquidated due to the sudden price decrease
A selloff in the crypto markets sees BTC and major altcoins dip by double digits in the past week

The cryptocurrency market has been in a state of gradual decline over the past couple of months. The interest rate hike designed to reign in the growing inflation and as a result, a generally conservative approach to investing, has led to a considerable drop in the value of virtually all risk-off assets, from tech stocks to digital currencies.

The crypto sector has been especially hard hit by the tightening of the monetary policy and the collapse of the Terra ecosystem last month, which has thoroughly shaken the markets and saw $60 billion evaporate from the market.

Against a backdrop of broader economic uncertainty, Bitcoin has not performed well over the last two months. In fact, over the past weekend, the world’s largest crypto lost roughly 20% of its value and plunged to its lowest price point since December 2020.

BTC hit its lowest YTD value of approximately $24,000 on Monday.

Similar to Bitcoin, other cryptocurrencies have been in a state of free fall over the past week. Virtually every top 20 altcoin has lost double digits. Here’s is a quick rundown of 7-day price changes of some of the most popular digital currencies: Ethereum (-35.1%), BNB (-27.3%), XRP (-22.6%), Cardano (-28.2%), Solana (-36.7%), Dogecoin (-33.8%).

Due to significant losses accrued across the spectrum, the total cryptocurrency market cap is currently barely holding on to the $1 trillion valuation. For context, at its all-time high last November, Bitcoin alone boasted a market cap of more than $1.3 trillion.

The cryptocurrency market capitalization fell to $1.01 trillion on Monday.

Due to a sudden drop in the value of the largest cryptocurrencies, more than $870 million worth of futures contracts were liquidated in the last 24 hours. According to data from Coinglass, Bitcoin traders were hit the hardest, having lost more than $360 million over the course of the day. Ethereum traders were not far behind, with over $320 million in cumulative losses accrued due to “shorts” and “longs” liquidations.

With the market sentiment being notably negative and the Fear & Greed index showing extreme fear levels, it is safe to assume that it will take some time before the bulls retake the upper hand. For more information about a potential trend reversal, you can follow live Bitcoin price predictions and price forecasts of other digital assets listed on CoinCheckup in each coin’s respective Predictions tab.
June 13, 2022
The Next Big Meme Coins in Crypto Market: Shiba Inu (SHIB), Floki Inu (FLOKI), and Mehracki (MKI)

In the cryptocurrency world, meme coins have made a wave, trumping the fact that their creation was based on internet ‘’memes’’ or ‘’jokes’’. This, however, does not alter their global recognition and success.

Tokens in the meme sector of the crypto market like Dogecoin (DOGE), which was initially created as a ‘’joke’’, are currently some of the most powerful shots on the success list. In turn, the success of Dogecoin (DOGE) facilitated the creation of new tokens in the cryptocurrency world.

One of these is the Mehracki (MKI). While its presale phase is yet to launch, it has already proven to be filled with potential. After learning from the limitations and strategies of the other meme tokens and capitalizing on them, this token has projected a dominating community thereby drawing the attention of several investors.

This article reviews the successes of Shiba Inu (SHIB), Floki Inu (FLOKI), and the Mehracki (MKI) and what they have contributed to the crypto world.

Shiba Inu (SHIB): Not Just a Meme Coin

Shiba Inu (SHIB), launched in 2020, has gained massive recognition becoming one of the most valuable memes coins in the cryptocurrency world, according to market capitalization. It has proved itself to have the ability to create a committed community of users. The Shiba Inu (SHIB) network is currently carrying out a ‘’ShibSwap” project which is a decentralized SHIB trading platform (Decentralized exchange, DEX).

‘’SHIB” is the native currency of the Shiba Inu (SHIB) community, listed on the cryptocurrency exchange and still rising into the limelight. SHIB has caught the attention of several investors and users to partake in its success story. The meme coin ‘’SHIB’’ is speculated by cryptocurrency experts to be one of the big shots that would dominate the crypto world and heap massive profits for its potential investors and users.

Floki Inu (FLOKI)

Floki Inu (FLOKI), born out of the SHIB community and launched in 2021, has made waves in the cryptocurrency market by forming three significant sectors of its network, which are of maximum value and benefit to its users’ community. The native currency of the Floki Inu (FLOKI) community is the ‘’FLOKI” token; it is projected to be utilized to power an NFT metaverse online game called the ‘’Valhalla’’ (as stated by its whitepaper).

The inclusion of the ‘’Play-to-Earn’’ (P2E) feature on the FLOKI network enables its users to earn FLOKI tokens while playing the online game (Valhalla), making it a potential money-making platform, thus, attracting potential users and investors while increasing its popularity, making it one of the next big shots in the cryptocurrency world.

Mehracki (MKI): The upcoming rave of meme coins

Mehracki (MKI), although not yet launched, is a meme coin built on the Solana (SOL) network to be utilized as a ‘’good feeling” token, i.e., it encourages ‘’thrilling events and zero-worry” activities for its users and amasses wealth for its investors. ‘’MKI’’, the native currency of the Mehracki (MKI) community, is designed to provide inexpensive, rapid, and unlimited transactions, focusing on the ‘’good feeling” firms like the tourist firms, hospitals, etc.

Mehracki (MKI) users’ community will be able to conduct transactions via the MKI, which will enable its users to perform transactions, prevent expensive intermediaries, and have access to improved and developed services in the community.

Additionally, the Mehracki (MKI) community plans on rewarding its users with NFTs for each of their singular achievements, i.e., the value of the NFTs awarded rises as the user’s achievement rises. This feature has created a significant path of gaining massive income in the Mehracki (MKI) community, thus, placing it on the course of the next big shots in the cryptocurrency market.

Should you buy and hold?

These coins are becoming the next big shots in the cryptocurrency market. Potential users and investors are advised to watch out for them as they are capable of bringing massive returns.

For more information on Mehracki Token (MKI), visit:

Presale: https://buy.mehracki.io/register

Website: http://mehracki.io

Telegram: https://t.me/Mehracki_Official

June 13, 2022
SOL is the #2 Coin to Watch for the Week of June 13 – June 19, 2022

Again, the total cryptocurrency market capitalization fell by more than $100 billion in a week and reached a low of $1.16 trillion at the start of Week 24. More than half of last week’s loses were incurred over the weekend – this is between June 11 and June 12. Interestingly but not surprisingly Ethereum and altcoins were hit harder than Bitcoin, resulting in an increase in Bitcoin’s market share. BTC dominance rose from 44.8% on Friday to as high as 45.8% on Sunday, June 12. If you are wondering how to make the most out of this bear market, then read on and find out which 3 coins we recommend keeping an eye on this week.

3. Tezos (XTZ)

Tezos is a decentralized smart contract and application network that utilizes a modified version of Delegated Proof of Stake consensus. The blockchain launched in September 2018, following an initial coin offering (ICO) that raised $232 million in 2017. XTZ token is the native cryptocurrency of the Tezos platform. Tezos blockchain also features an on-chain governance system allowing holders to take part in the decision-making process. Developers can suggest changes or upgrades to the Tezos protocol, and if their suggestion gets approval from the community, they are rewarded with XTZ tokens after it is successfully implemented. What makes Tezos blockchain stand out among other similar blockchains is its efficient network upgrade process as the protocol allows major upgrades to be implemented without the requirement of a hard fork. This system allows Tezos to adopt new technologies quickly. Tezos also boasts with a burgeoning NFT ecosystem.

Buy/Sell XTZ

XTZ hit a monthly high following the announcement of USDT’s launch on Tezos

At the end of last week, Tether Operations Limited announced that its flagship USDT stablecoin is expending to Tezos blockchain. Tezos will thereby become the 13th blockchain, on which the USDT stablecoin is natively available. The launch of a Tezos-based USDT token will provide Tezos community access to the most liquid and trusted stablecoin. On the other hand, the USDT’s expansion to Tezos could help Tether further grow its already big stablecoin market share or at least maintain its pole position among stablecoin projects. At the moment, USDT is the biggest stablecoin on the market – its $83 billion market capitalization leaves the second-placed USDC around $30 billion behind. The investors responded positively to the news as XTZ climbed to reach a monthly high of $2.34 following the announcement. In addition, we have also recently reported about the launch of a new Ethereum/Tezos bridge called Plenty. The bridge, which was developed and launched by a Web3 development studio Teszure facilitates faster and more efficient token swaps between the two networks. Despite the ongoing technical improvements, the Tezos platform is not neglecting other fronts of development. Its NFT sector is still booming, with new NFTs being dropped weekly. Just recently, famous clothing brand Gap announced new NFTs on its marketplace built on Tezos. The Epic and One-of-a-kind class NFTs will be auctioned on June 14 and June 15.

2. Solana (SOL)

Solana is a smart contract enabled blockchain platform developed with a focus on scalability. Due to its high throughput of 65,000 transactions per second and absurdly low transaction fees (an average transaction on the blockchain costs just $0.00025), Solana is considered one of the strongest Ethereum competitors. Such a high blockchain efficiency is made possible by utilizing an innovative proof-of-stake consensus mechanism combined with proof-of-history (PoH) timestamping mechanism. Because of the reasons, Solana is very popular among various non-fungible token (NFT) projects and decentralized finance applications of all kinds. In addition, the project is also backed by major investors such as Alameda Research, Polychain and Andreessen Horowitz that provide Solana Labs with more than sufficient funds for further development of the Solana ecosystem.

Buy/Sell SOL

Will a series of integrations and a $100 million ecosystem fund be enough to finally reverse SOL’s price trend?

After months of negative price movement (SOL is down by 80% in past 6 months), Solana could be in for a trend reversal due to a series of investments and ecosystem developments. The popular privacy-preserving browser Brave recently announced that its strategic partnership with Solana in an attempt to make Web3 accessible to the masses. With Brave’s 1.39 desktop release its users will be able to trade and hold both Solana (SOL) and fungible Solana tokens (SPL) in Brave Wallet as well as buy SOL directly with fiat via Ramp. In the future, BAT holders will also be able to buy and sell NFTs on Magic Eden, the largest community-first NFT-based web3 ecosystem, directly through Brave Wallet or other Solana wallets like Phantom. With this implementation, Solana’s NFT marketplace Magic Eden is aiming to completely close the gap with OpenSea, currently the leading NFT marketplace. At the end of May, Magic Eden already conducted six-times more transactions and had more weekly active users as OpenSea. Nevertheless, Magic Eden still fell behind OpenSea by 23% in terms of weekly transaction volume. Furthermore, the rise in the popularity of Magic Eden continued with almost no loss of momentum despite the fact that OpenSea added support for Solana NFTs earlier this year. Leaving Brave integration and the increasing adoption of Solana’s NFT marketplace aside, Solana investors have another good reason to gaze into the future with optimism as a $100 million ecosystem fund got launched last week. The fund, which was created by Solana Ventures and Solana Foundation, will invest in South Korean Web 3 projects building GameFi, DeFi and NFT applications on Solana.

1. ChainLink (LINK)

ChainLink is a decentralized oracle network that provides data and price oracles, which act as a reliable feed of off-chain information for some smart contracts. The project launched in 2017, when it also raised $32 million of funding through an ICO. ChainLink’s cryptocurrency price and real-world data oracles have seen numerous implementations and their popularity is still increasing. Their oracle service is one of the most reliable and trustworthy services available and the connection with smart contracts is end-to-end secured, leaving very little space for the manipulation of the execution of smart contracts. Another ChainLink feature is Verifiable Random Function (VRF), which proved to be very useful in blockchain gambling as well as providing a source of verifiable randomness in blockchain gaming and when minting NFTs.

Buy/Sell LINK

ChainLink team laid out the LINK staking roadmap

The initial version of LINK staking is slated to hit the mainnet in the second half of 2022, ChainLink team revealed in an official post published on Tuesday, June 7. With the implementation of staking the developers want to enable community participation in the ChainLink network while maintaining the cryptoeconomic security of ChainLink’s services at the same time. In brief, staking will introduce a powerful incentive and penalty mechanism for ChainLink nodes, forcing them to generate accurate oracle reports and deliver them to specific recipients on time if they don’t want to see their LINK stakes slashed. Good nodes will be able to earn APY of up to 5% on their long-term staked LINK. LINK surged by more than 20% in the aftermath of the announcement, but the coin already lost all the generated gains in this weekend’s sell-off. Nevertheless, the story with LINK staking is far from over and with a price of $6.80 per token, LINK is currently trading at a heavily discounted price. Furthermore, on the same day as ChainLink laid out its plans for LINK staking, a leading crypto infrastructure provider Infura announced it is joining the ChainLink network as a node operator. Interest from big firms like Infura indicates that ChainLink is not to be written off just yet as its services still have a massive growth potential.

June 13, 2022
Will Firepin Token (FRPN), Make a Presale Record to Join Stellar (XLM) And Filecoin (FIL)?

A token presale can be considered to be the optimum opportunity to invest in a cryptocurrency. It can be a wholesome feeling when you choose a project from its conception right through to its completion. Then when you reap the benefits of your trust, it’s truly a rewarding experience. Aside from the sentimental virtues that make the journey with a project so wholesome, you are also able to gain maximum profits from investments that are available at a discounted price during the presale stage. These are all indicators of why you should try investing in a presale. For more evidence, it would be advantageous to look at the history of presales in the crypto arena.

If the token suits your financial aspiration, consider including it in your portfolio at a low value and wait to receive potentially exponential profits. Firepin Token (FRPN) is a promising cryptocurrency and is available in its presale phase.

Filecoin’s (FIL) shot to fame

Filecoin (FIL) broke presale records when it launched in 2017, raising more than $52m during the presale stage. Huge names like Union Square ventures and Sequoia Capital backed the largely popular FIL, and a further $205m at the ICO. With the successful launch of its highly-anticipated testnet and mainnet products, the coin is piquing interest worldwide.

According to the Filecoin (FIL) whitepaper: “Filecoin is a decentralised storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called filecoin), which miners earn by providing storage to clients. Conversely, clients spend filecoin hiring miners to store or distribute data.”

Stellar (XLM) successful initiation onto the Crypto scene

Stellar (XLM) achieved a rapid rise thanks to the projects it supported and its grounded white paper. In addition to providing quick profits for its investors, it also increases its value with the valuable blockchain projects it provides to its users.

Can Firepin (FRPN) Continue the trend and make Presale Record?

Firepin Token (FRPN) will have a significant gaming project on the Metaverse. Players will be able to exist in a vast Metaverse Universe, a truly awesome tool pushed by advanced technologies such as virtual and augmented reality. Different possibilities, such as an NFT market, are also a part of this universe.

This Metaverse world has expectations to not only be used for gaming, but also meetings, concerts, virtual fairs and many other events.

There are many components which provide the Firepin Token (FRPN) network with a seamless user experience. For instance, instant transactions are performed on FRPN’s network because it is developed with multi-chain technology. Secondly, the FRPN token will offer staking and yield farming opportunities, thanks to its financial reserves and intricate algorithm. Thirdly, the project offers amazing incentives to its long-term investors by way of a passive income stream that is received via airdrop periodically. The list is endless, which strengthens the notion that Firepin Token (FRPN) could make presale records.

FIREPIN Token (FRPN)

Join Presale: https://presale.firepin.io/login

Website: https://firepin.io/

Twitter: https://twitter.com/FIREPIN_io

TikTok: https://www.tiktok.com/@firepin.io

June 13, 2022
EGO.COM: Cardano NFT Marketplace to Launch Beta Version

The NFT space is being disrupted by a new player making waves within the industry. EGO .com, an up-and-coming Cardano NFT marketplace, is barely a few weeks old but is already turning the heads of major retail and institutional investors for its promise to facilitate a “Digital Renaissance” in art. Analysts are closely watching the developments of this “crypto gem”.

EGO.com, a self-described decentralized creative realm for artists and collectors, has differentiated itself within the industry through its iconic name and innovative marketing strategies. The project has already established itself as a key player within the market for Cardano NFTs with a promise to facilitate “Digital Renaissance” in modern art.

Now, after taking into account feedback received from its community, it has released a sneak peak of its online platform, with a more professional and intuitive user interface designed to provide a radically better user experience.

The project has seen substantial interest from both investors and other projects within the NFT space. Although the project is barely a few weeks old, more than 25 projects have already committed to hosting their NFTs on EGO.com, while the private sale has been setting new records for retail investor participation. EGO.com is currently in the process of conducting a private sale until June 15, inviting private investors to participate by reaching out to sales@ego.com.

After having secured public sale rights on ADAX, a Cardano-based exchange, EGO.com will officially open the doors for all to participate on June 16 with an initial price set at $0.16. Early projections based on private sale data signal the high likelihood of an oversubscribed first round, in anticipation of an early post-sale ‘pop’ in token price.

Many analysts attribute the rapid pace of success to the fact that EGO.com has amassed a team of seasoned professionals with years of experience within the world of NFT, as well as within the fields of finance, marketing, and business operations. With Reuben Godfrey as CEO and his substantial expertise within NFT space, Fab-ien Arneodo as CSO and marketing guru, and Andrej Benc as CTO – the project’s C-class management already reflects the high level of experience EGO.com brings to the NFT space. Business operations are also supported by Patrik Lööf as Marketing Advisor, Mindaugas Stelmokas as Sales Manager, and Edward W. Mandel, so called King of NFTs in Miami, responsible for Business Development. Overall, the dedication of individual team members is clearly demonstrated by the numerous achievements we have already seen within the relatively short project timeframe.

EGO.com brings to the NFT space. Business operations are also supported by Patrik Lööf as Marketing Advisor, Mindaugas Stelmokas as Sales Manager, and Edward W. Mandel, so called King of NFTs in Miami, responsible for Business Development. Overall, the dedication of individual team members is clearly demonstrated by the numerous achievements we have already seen within the relatively short project timeframe.

About EGO.com

EGO.com is a fully decentralized creative realm built on the backbone of Plutus smart contracts. Led by a team of artists, art dealers, and DeFi professionals, EGO.com is harnessing the power of NFT technology to ensure that artists and collectors make the most of their digital assets. Artists can show off their prowess by minting NFTs of their artwork. Collectors can earn rewards from staking their Cardano-based NFT collections. Investors can hedge against short-term price fluctuations in style. Every step towards the ‘Digital Renaissance’ in art, EGO.com is there to provide professional, 360° degree support for all of your NFT needs.

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June 13, 2022
Build A Million Dollar Portfolio With Logarithmic Finance (LOG), Apecoin (APE), and Aave (AAVE)

Cryptocurrency is here to stay and offers tremendous potential profits for investors. With the entry of multiple tokens onto the market, about 100 each day, notable investors are becoming increasingly concerned about which cryptocurrency to invest in.

Logarithmic Finance (LOG), which is now in pre-sale, provides an intriguing way of connecting and engaging both the metaverse and NFT. The currency, which was launched in March 2022, has sparked a great deal of interest and investment in recent months. In this article, we shall compare the attributes of this new currency to those of other popular tokens such as Apecoin (APE) and Aave (AAVE).

Apecoin (APE)

Are you interested in an insanely popular meme coin that has an entire community pushing and promoting its course? Apecoin (APE) is your guy! The project has been one of the most talked-about metaverse coins since its introduction on March 17, 2021. And part of its success stems from how well it utilized the collection the well-known NFT collection, Bored Ape Yacht Club.

When the Bored Ape Yacht Club NFTs were released last April, they were priced at $190. They now sell for more than $400,000. NFTs are a major deal, with around $25 billion invested in them by 2021. ApeCoin is an ERC-20 governance and utility token that is utilized within the APE Ecosystem to empower and incentivize the development of a decentralized community at the forefront of web3.

ApeCoin holders rule themselves using the ApeCoin DAO’s decentralized governance structure and vote on how the ApeCoin DAO Ecosystem Fund should be used. ApeCoin holders’ proposals are administered by the APE Foundation.

ApeCoin (APE) is distinguishable from comparable tokens by its usage of NFTs, which distinguishes it as a cutting-edge investment alternative. ApeCoin may be just the investment you need if you want to earn some wealth in a stable market or are attracted by the technological advancements of NFTs. APE is destined to become one of the leading participants in the ever-expanding cryptocurrency market, thanks to its rising market value and sophisticated blockchain technology.

Aave (AAVE)

While the traditional financial system is based on a centralized platform managed by government agencies and various intermediaries, De-Fi eliminates the need for intermediaries in financial operations such as asset trading, futures contracts, and savings accounts, among others, by utilizing smart contracts.

With its user-friendly and innovative features, Aave (AAVE) has established itself as a household name in the world of DeFi. It is a lending platform that uses the AAVE native token to protect the network and help administer it.

Aave (AAVE) protocols offer a wide selection of DeFi collaterals as well as the liquidity required to support its large market dominance. You no longer need to rely on traditional financial institutions to handle your transactions and loans when you use Aave (AAVE). The Aave (AAVE) platform can do it more quickly and efficiently. This is a token in which you should consider investing this year.

The Aave (AAVE) platform is supported by several blockchain networks, including Ethereum (ETH), Avalanche (AVAX), Fantom (FTM), and Harmony (ONE). In addition, the platform’s operation and governance are handled by a decentralized autonomous organization (DAO).

Logarithmic Finance (LOG)

It can be very difficult to raise funds on a decentralized network. Many platforms created to do so run into issues such as a lack of financial stability, low-budget inventors, and the high cost of time to market. Logarithmic Finance (LOG) has developed a potential solution to both of these challenges. It promotes the concept of a liquidity pool that fills gaps and serves as a bridge. The pools’ ideology boosts the purchasing power of investors seeking first market access to open blockchain networks.

While in its early stages, Logarithmic Finance has a lot of potential to succeed since it contains crucial qualities that set it apart. Users can, for example, swap their tokens on any blockchain network for NFTs of their choice. This is an important feature since Logarithmic Finance focuses on a big section of the cryptocurrency market: NFTs.

Furthermore, Logarithmic Finance reports that a multi-chain system is in the works, allowing users to safely move funds across any of the network’s blockchains. It will develop liquidity pools for Ethereum (ETH), Polygon (MATIC), Binance Smart Chain (BSC), Avalanche (AVAX), Solana (SOL), and Tezos (XTZ), among other blockchain networks.

Finally, it is important to note that Certik, a company that maintains blockchain security, is inspecting LOG which makes it exceedingly unlikely for LOG to be a fraud. It’s best to invest now to make a huge profit off the network.

For More Information On Logarithmic Finance (LOG):

Presale: https://presale.logarithmic.finance/register

Website: https://logarithmic.finance/

Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL

June 12, 2022
Harness the Crypto Bearish Turn with FIREPIN Token (FRPN), Solana (SOL), and Chainlink (LINK)

With the onset of June, the crypto market is exhibiting a semblance of stability over the past week. However, the recent market downturn and the performance of immensely volatile cryptos such as LUNA repulsed investors from the crypto space.

However, if manoeuvred skillfully, the crypto market can be beneficial in financial terms. With the right timing and amount of investments, one can achieve a well-rounded portfolio.

Firepin (FRPN) Offers Futuristic Features

FIREPIN Token (FRPN) has entered the market and is promising a set of features that could be all that defines the future of crypto. It is a DAO Token that enables the community feeling by vesting the power of decision-making in the hands of token holders. The quantity of governance tokens a member possesses determines their voting power, however, this does not offer them any special rights or benefits. This further makes it a rather democratic investment.

By utilising the Web 3.0 potential, the FIREPIN project is set to build a Metaverse of its own, a signifier of good potential. The token is currently in a presale phase making right now the ideal time to invest at a lower price and watch your principal amount reap hefty profits in the coming weeks. Moreover, long-term FRPN token investors can receive passive income as they will regularly be rewarded by the airdrop pool.

Solana (SOL) Poses the All-Time Low As An Opportunity

After peaking back in November 2021 at $258.93, Solana (SOL) has exhibited a gradual and steep decline in its value across months and quarters. Despite this downward performance, Solana (SOL) has continued to retain the faith of its investors, given its commendable smart contract and proven blockchain technology.

SOL’s most recent value fall comes as the Solana blockchain has periodic failures, rendering its network virtually unusable for hours for its core “dapps,” such as lending technology Solend and decentralised exchange Serum. For example, on June 1, Solana’s latest software fault caused the network to go down for 4.5 hours. The worst outage occurred in January, which lasted nearly 18 hours.

However, the enormity of the Solana blockchain is implied, which leads to inadvertent network outages, and Solana tends to refurbish the failures promptly. This functionality and speed of Solana keep the investors secure, and a fall in its value is mostly seen as an opportunity to invest and HODL for gains that will unfold in the coming months.

Chainlink (LINK) Shows An Interesting Case of Volatility

Recently, the Chainlink (LINK) token hit an all-time low in a year at the price of $5.5, which took the investors aback. At press time, LINK is trading at the value of $7.55, which comes with a prediction of touching the $10 point in the market. However, it can be achieved only if bears do not pull back.

With interesting trends, Chainlink (LINK) has established itself as a lucrative investment opportunity at the moment.

It should be noted that any investment should be locked down only after sufficient research and portfolio analysis. Furthermore, the investments must always align with your financial aspirations and should not necessarily mimic the generic investor behaviour.

Learn more about Firepin (FRPN) here:

Presale: https://presale.firepin.io/register

Website: https://firepin.io/

Telegram: https://t.me/FIREPINOFFICIAL

Twitter: https://twitter.com/FIREPIN_io

June 11, 2022
APENFT Auctions Five Vanity Fair NFT Covers
Singapore, Singapore, 11th June, 2022, Chainwire

APENFT and Valuart completed the first Vanity Fair NFT Cover Drops on Monday, May 23. The collection, consisting of four 1:1 edition NFTs and a 1000-mint run of the original “H.E. Justin Sun 2022” edition NFT, marks a true crossover collaboration between art, entertainment, and the crypto industry.

Four of the NFTs were auctioned on the APENFT marketplace from Monday, May 23, to Monday, May 30 at 7 p.m. GMT. Starting bid was set at 1500 TRX, roughly $120.

At the conclusion of the auction, all four NFTs were won at incredible hammer prices:
- Say The Words That I Can’t Say: 310,000 WTRX ($25,420)
- The Plum Thief: 310,000 WTRX ($25,420)
- Ludwig: 322,888 WTRX ($26,476)
- Ratty Portrait: 299,999 WTRX ($24,599)
The fifth cover featuring Exclusive Edition H.E. Justin Sun was for sale at a fixed price of 999 TRX, roughly $80. The NFT, entitled “H.E. Justin Sun 2022,” was created by Valuart to celebrate the entrepreneur and his exceptional year. The artwork, composed of a series of stylized portraits of H.E. Justin Sun, is an ideal symbol of the crypto movement revolutionizing the art and entertainment world. The community-oriented NFT will be available in a larger collection and is bound to become a valuable collectible for the APENFT ecosystem.

As of Tuesday, May 31, the H.E. Justin Sun Exclusive NFT cover is still available for purchase. Vanity Fair NFT Cover dedicated to H.E. Justin Sun, 2021.

The four captivating covers, Say The Words That I Can’t Say, The Plum Thief, Ludwig, and Ratty Portrait, are designed by four talented artists, meticulously selected by Valuart and Vanity Fair for this pioneering initiative to Support Digital Art.

Valuart carefully curated this collection to find artists that genuinely represented the growing crypto-art movement and collaborated closely with Vanity Fair to provide the artworks a well-deserved presence on the iconic digital Cover of the Magazine.

Say The Words That I Can’t Say was created by The Isolationist and represents the value of art to express what cannot be put into words. The Plum Thief, envisioned by Coup of Grace, is a visual journey of an ordinary yet absurd scene in a coffee shop. Ludwig, an artwork by Von Doyl, is an experimentation process with 30 different deep neural networks, reimagining the famous original portrait of Beethoven, aiming to capture the essence of his music. Ratty Portrait, imagined by Matteo Ingrao, is a unique examination of reinventing the physical characteristics of the human body to achieve one’s self-acceptance.

“Valuart x Vanity Fair – You Say The Words That I Can’t Say” & “Valuart x Vanity Fair – The Plum Thief”

“Valuart x Vanity Fair – Ratty Portrait” & “Valuart x Vanity Fair – Ludwig”

APENFT offers a range of benefits to final bidders of the four 1:1 NFTs, including:

(1) Vanity Fair physical magazine and annual subscription;

(2) A regular edition of the Genesis NFT badge from APENFT;

(3) TRX token airdrops;

(4) Invitation to all APENFT’s offline VIP events and exhibitions in 2022.

About APENFT

Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world’s first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse.

Contacts
- Miles Wang
- contact@apenft.io
June 11, 2022
Wintermute Hacker Returns 17 Million OP Tokens
Key takeaways:
- A hacker who gained access to a blockchain address with 20 million OP returned 17 million tokens today
- Previously, the hacker sold 1 million OP and sent the same amount to Ethereum founder Vitalik Buterin
- The hacker returned stolen funds in 18 separate transactions, each amounting to exactly 1 million OP
A hacker who stole 20 million OP on the day of the OP token launch has returned 17 million tokens

Yesterday, we wrote about a recent exploit that saw an anonymous attacker gain access to a blockchain address with 20 million OP tokens (worth $35 million at the time of the hack). Today, 17 million of those tokens were returned to the Optimism contract address.

Earlier this month, on the day of the launch of the Ethereum Layer 2 scaling project Optimism’s governance token OP, a hacker was able to access a blockchain address with 20 million OP tokens sent from Optimism to crypto market maker Wintermute. Since millions of dollars worth of tokens were sent to an unsynced Ethereum address from the Optimism Layer 2 network, they could not be immediately reached by the Wintermute team.

The attacker pounced at the opportunity and used his expertise to gain access to the tokens that were, for a lack of a better word, in a state of limbo. The attacker proceeded by selling 1 million OP tokens via a blockchain anonymizing service Tornado Cash, and sent 1 million tokens to a blockchain address belonging to Ethereum founder Vitalik Buterin

In the meantime, Optimism and Wintermute notified their communities about the incident. In addition, the Wintermute team issued a not so thinly veiled threat, calling on the hacker to return stolen funds or continue living in fear for the rest of its life.

It seems that the hacker has decided it is best to accept the offer. Etherscan shows that 17 separate transactions of 1 million OP each have been made in the last couple of hours. The Wintermute Exploiter Multisig wallet is now left with a balance of roughly 154 OP.
June 10, 2022