Altcoin
Solana DEX Zeta Markets (ZEX) Coin Sparks Optimism With Airdrop, IEO, & Listings
Solana Perpetual DEX Zeta Markets has recently emerged as the hot topic of the crypto town. The DEX unveiled plans for an airdrop, followed by an IEO (Initial Exchange Offering) and major listings for its coin, ZEX. These chronicles, collectively, have aided the project in gaining significant traction across the broader crypto market. So, let’s dive deeper into the ZEX coin’s upcoming airdrop, ongoing IEO, and recently unveiled listings.
Zeta Markets (ZEX) Airdrop
According to a post on X by Zeta Markets’ community, the ZEX token ‘airdrop claim’ is set to go live on June 27, starting 09:45 UTC. Moreover, the claiming process will be available until September 25, 09:45 UTC, i.e., 90 days after the token generation event (TGE).
The claim is further divided into three categories. These encompass ‘Diamond Hand Claims, Immediate Claims, and Staking Airdrop.’
Meanwhile, the AMM (Automated Market Maker) and liquidity provider on Solana, Radiyum, extended support to the ZEX token launch.
ZEX IEO
On the other hand, insights by Cryptorank show that the ZEX IEO, lasting from 26-27 June, offered 175,000 tokens for sale at a price of $0.200. This IEO saw $35K raised, whereas the DEX also secured $5 million in funding during May this year, led by Electric Capital and jacked up by Air TreeVentures and many others.
The total amount raised by Zeta Markets, including public sale and funding rounds, totaled $13.54 million today.
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Major ZEX Listings
Simultaneously, renowned crypto exchanges from across the globe revealed official statements to support ZEX coin listing in the interim.
KuCoin unveiled the ZEX/USDT pair listing on its platform, with deposits open and trading starting on June 27, 10:00 AM UTC. Similarly, BitMart revealed the same trading pair with deposits open and trading starting on the same date and time. Also, the ByBit crypto exchange revealed the same plans for listing the ZEX coin.
Collectively, these chronicles glimmer immense hope for the Solana-based ZEX token. Crypto market enthusiasts continue to gauge on the crypto for investment opportunities.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
PostFinance, a Swiss government-owned bank, has expanded its cryptocurrency offerings, according to a recent announcement. The bank has launched Ripple (XRP), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT) trading services. Moreover, this move is part of PostFinance’s ongoing strategy to integrate digital assets into its services.
PostFinance Expands Crypto Offering With XRP, ADA, SOL & Others
In April 2023, PostFinance partnered with Sygnum Bank to provide regulated crypto services. This collaboration allows PostFinance customers to buy, store, and sell cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) using Sygnum’s B2B banking platform. Moreover, at the time, Fritz Jost, Sygnum’s chief B2B officer, emphasized that this partnership represents a significant step towards broader adoption of digital assets in Switzerland.
Moreover, recently, the bank announced the launch of XRP, AVAX, ADA, SOL, and DOT trading on its platform. Furthermore, the Swiss bank also noted that it will offer custody services for these cryptocurrencies. The announcement read, “We now also offer the Avalanche, Cardano, Polkadot, Ripple and Solana #cryptocurrencies for trading and custody.”
The addition of AVAX, ADA, DOT, XRP, and SOL to PostFinance’s crypto offerings aligns with the growing interest and development in these blockchain platforms. According to analytics firm Santiment, Cardano, Solana, and Polkadot have shown strong development activity, often surpassing Ethereum in GitHub submission rates. This highlights their ongoing innovation and robust developer communities.
Moreover, Charles Hoskinson, founder of Cardano, acknowledged PostFinance’s early support for Ethereum. Hoskinson highlighted the latest update on X and affirmed his longstanding positive relationship with the bank.
In a post on X, he wrote, “Fun Fact: when I was at Ethereum, Postfinance was actually one of our first banking partners. They were always nice and easy to work with.” PostFinance responded warmly, stating, “Hey there, it’s always nice to see old friends! We are pleased that Cardano now forms part of our crypto offering.”
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Swiss Crypto Adoption Soars
Switzerland has been at the forefront of crypto adoption, with its “Crypto Valley” in Zug becoming a hub for blockchain innovation. The Swiss government and financial institutions have embraced digital asset. This promoting a regulatory environment conducive to blockchain development.
In addition, PostFinance’s initiative reflects this national trend towards integrating cryptocurrencies into traditional banking. As of now, PostFinance, the fifth-largest financial services firm in Switzerland, serves over 2.5 million customers. By incorporating these additional cryptocurrencies, the bank aims to offer a more diversified and comprehensive crypto trading and custody service. This reinforces Switzerland’s position as a leader in the global digital asset space.
Moreover, Switzerland is also emerging as an AI hub lately. With Chinese firms moving to Switzerland, the latter has shown immense potential for growth in the AI and digital assets sector. However, the nation has also maintained regulatory scrutiny on the crypto assets space to keep activities in check.
In another significant update, the City of Lugano in Switzerland inaugurated “Plan ₿ Biz School” to teach students about Bitcoin and its potential. Moreover, the school conducted its first in-person class on Monday, July 1. This indicates that country’s crypto participants have rallied efforts to increase awareness about the digital assets world.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
South Korea’s cryptocurrency market is bracing for significant changes as new investor protection rules are set to take effect. The country, known for its vibrant altcoin trading scene, is about to implement the Virtual Asset User Protection law on July 19. This impending regulation has sparked widespread discussion in the crypto community about its potential impact on digital asset trading.
South Korea holds a prominent position in the global crypto market, with the Korean won recently surpassing the US dollar as the most-used currency for crypto trading. Approximately 10% of the country’s population has exposure to digital assets, with smaller coins comprising the bulk of trading rather than market-leader Bitcoin.
Exchanges’ Response to New Regulations
In response to the upcoming regulations, South Korean cryptocurrency exchanges are taking proactive steps. The Digital Asset Exchange Alliance, an industry trade body, has announced plans to review 1,333 altcoins over the next six months. This review aims to ensure compliance with the new Virtual Asset User Protection law and pushes back against concerns that the regulations might quickly stifle speculative trading in smaller digital assets.
The alliance has stated that immediate “mass delistings are unlikely” due to the extended evaluation period. Furthermore, all new token listings will be assessed in the context of the new law once it comes into force. This measured approach suggests a gradual implementation of the regulations rather than an abrupt market change.
The new legislation was partly prompted by the 2022 collapse of Luna and TerraUSD tokens, created by South Korean entrepreneur Do Kwon, which resulted in over $40 billion in losses. While the law aims to protect investors, it may increase operational costs for exchanges like Upbit, one of the world’s top crypto trading platforms. This development illustrates the ongoing balance between investor protection and maintaining South Korea’s dynamic crypto trading culture, particularly in altcoins.
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Legal Developments in the Korean Crypto Space
In a significant legal development, the Seoul High Court has overturned a previous ruling in a dispute involving the Fantom Foundation, a major blockchain platform. The court dismissed all claims made by SikSin and Ahn against Fantom, reversing an earlier decision that had awarded the plaintiffs over 198 million FTM tokens.
The case centered on agreements to implement Fantom’s technology in South Korea’s food industry. The High Court found that SikSin and Ahn failed to meet their contractual obligations, including integrating Fantom’s technology and producing a viable technical paper for the Lachesis Protocol. The court also noted evidence of plagiarism in the plaintiffs’ work.
Fantom CEO Michael Kong welcomed the decision, while the company’s legal team highlighted the case’s complexity. This ruling is expected to impact how blockchain-related disputes are handled in South Korea’s legal system, especially those involving cross-industry applications and intellectual property issues. It sets a precedent for future cases in the rapidly evolving intersection of blockchain technology and traditional industries.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Charles Hoskinson, a prominent figure in the blockchain industry and founder of Cardano (ADA), has expressed concerns about the current U.S. administration’s approach to cryptocurrency. He argues that the upcoming elections present a critical opportunity for the cryptocurrency community to use their votes strategically to steer policy.
Charles Hoskinson Blasts Biden’s Crypto Regulatory Approach
Charles Hoskinson has been outspoken about the detrimental effects of President Joe Biden‘s policies on the cryptocurrency sector. He highlights the administration’s support for the Securities and Exchange Commission’s (SEC) aggressive regulatory tactics, which he terms “regulation by enforcement.” Charles Hoskinson says this approach has stifled innovation and contributed to significant job losses within the burgeoning trillion-dollar industry.
Charles Hoskinson advises that US voters must vote wisely if they want a better future. The blockchain debate has spilled over into politics.#Cardano $ADA pic.twitter.com/L17dtazfXZ
— Cardanians (CRDN) (@Cardanians_io) July 1, 2024
Moreover, he is critical of the lack of a Democratic primary, suggesting it could have exposed what he perceives as Biden’s declining competence. Hoskinson’s critique extends to a broader disappointment with the media’s portrayal of the situation, which he feels fails to hold the administration accountable for these perceived missteps.
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Crypto Leaders Seek More Favorable Regulations
Other key players in the blockchain arena, including Messari CEO Ryan Selkis and the Winklevoss twins, support Hoskinson’s viewpoint and are dissatisfied with the current regulatory environment. Similarly, CEOs from major companies like Coinbase and Ripple (XRP) have transformed the crypto lobby into a significant political force, illustrating the industry’s growing readiness to influence policy directly.
Additionally, Anthony Scaramucci, a well-known figure in the investment and crypto sectors, offered only a tepid endorsement of Biden, preferring this to the unpredictability of former President Trump’s administration. These leaders and Hoskinson are pushing for more favorable regulatory conditions for the cryptocurrency industry to thrive.
Crypto Policies Key in Upcoming Elections
In response to these ongoing challenges, Charles Hoskinson urges the crypto community to become single-issue voters focusing on cryptocurrency policy in the upcoming elections. This strategy aims to shift the political landscape to support the technological and economic advancements that blockchain technology can offer better.
Earlier criticisms from Charles Hoskinson include a strong rebuke of a memo circulated among Democrat Committee members, poised to influence a significant hearing on digital asset regulation. This instance, among others, fuels his campaign to encourage critical consideration of crypto policies among U.S. voters.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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