Market
Gate.io Advances Blockchain Innovation at Lead Asia Demo Day and Seoul Meta Week 2024
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.
Gate.io, a world-leading crypto exchange, recently concluded its prominent hosting of Lead Asia Demo Day, alongside its participation in Seoul Meta Week 2024 as a Platinum Sponsor, reaffirming its leadership in both events. These platforms served as a stage for the future and advancement of blockchain technology, highlighted by keynote speeches delivered by Gate.io CEO Dr. Han Lin during Seoul Meta Week 2024.
Empowering Startups at Lead Asia Demo Day
On June 28th, Gate.io partnered with Wemade, a leading game developer in Korea known for its flagship IP, MIR, to host Lead Asia Demo Day in Seoul, drawing over 300 attendees. The event began with a welcome speech by Leo, Director of Strategy & Operations in East Asia, and Tiffany Chang, Investment Associate, highlighting Gate.io’s dedication to fostering innovation and driving industry growth.
They detailed Gate Ventures’ proactive investments and support for innovative blockchain startups, emphasizing their focus on community-driven tokenomics, genuine innovation, robust engineering, and sustainable business models across the Asia Pacific Region. Gate Ventures offers comprehensive support in areas like product development, code auditing, liquidity provision, and market making, ensuring startups receive essential resources and strategic guidance in today’s dynamic blockchain ecosystem.
Showcasing Promising Startups
During Lead Asia Demo Day, four promising startups—Batching.ai, CYRUS, Amnis Finance, and Quranium—presented their groundbreaking projects, each contributing to the limitless potential of Web3 development.
- Batching.ai: An AI-driven NFT Gaming Platform that utilizes NFT information and incorporates AI technology for image generation, allowing users to play games with their NFT decks.
- CYRUS: A blockchain startup focused on environmental and healthcare solutions, seamlessly integrating personal well-being, eco-friendly initiatives, and blockchain technology.
- Amnis Finance: The top #1 liquid staking platform on Aptos, with an impressive 10% staking apr and many farming yields. It has achieved over $104 millions in Total Value Locked (TVL) and more than 200K stakers.
- Quranium: The world’s first quantum-proof hybrid distributed ledger technology (DLT), designed to build a groundbreaking decentralized infrastructure prepared for the quantum computing era. This innovative solution stands out for its unparalleled speed and scalability, ensuring robust and future-ready performance in an evolving technological landscape.
Driving Forward with Vision and Passion
The startups showcased their innovative potential, making it a close competition for the Best Innovation Award. Ultimately, Batching.ai stood out for its groundbreaking work. Tiffany Chang commented, “We believe their cutting-edge AI-driven NFT gaming platform is set to revolutionize the Web3.0 gaming experience.”
At the end of the event, Gate.io extended its heartfelt gratitude to co-host Wemade, a pioneer among game developers in South Korea which adopted blockchain technology early to operate the world’s largest web3 game platform, Wemix Play, along with Golden Sponsors Quranium, Batching.ai, CYRUS, and Amnis, and Silver Sponsors Burrito Wallet, TetherMax, UNICE, WEMIX, and Kroma. Their generous contributions and invaluable support made this event possible.
Lead Asia Demo Day was a resounding success in fostering connections among Korean Web3 industry leaders and the community. “It was an absolute pleasure to be a part of this well-curated event by Gate.io. South Korea is a crucial market focus for Quranium, and Gate.io’s leadership in advancing Web3 initiatives in Asia will contribute significantly to building a strong ecosystem. We eagerly anticipate closer collaboration,” remarked Benjamin Shin, Chief Business Officer at Quranium.
Building Trust Beyond Blockchain
During June 26th – 28th, Gate.io also participated in Seoul Meta Week 2024 as a Platinum Sponsor, contributing to the gathering of industry leaders and enthusiasts to explore the future of blockchain technology. Dr. Lin Han, Founder and CEO of Gate.io, delivered a keynote speech titled “How We Build Trust Beyond The Blockchain,” focusing on recent security challenges in the industry and Gate.io’s mission to establish a secure and user-friendly environment, emphasizing blockchain development and financial innovation.
In addition to Dr. Han’s keynote, Tiffany Chang, Investment Associate at Gate.io, participated in a panel discussion on “AI in Web3: Transforming the Future of Decentralized Technology,” highlighting Gate Ventures’ belief in AI’s transformative potential within Web3. Gate.io also showcased a variety of technologies and innovations at its booth during Seoul Meta Week.
Seoul Meta Week 2024 and Lead Asia Demo Day were both successful events for promoting blockchain technology and its use cases and showed Gate.io’s commitment to driving Web3 innovation and industry development.
Disclaimer:
This event is for professional knowledge sharing and networking purposes only. The content herein does not constitute any offer, solicitation, or recommendation of any products or services. Please note that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/user-agreement.
Disclaimer
This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
XRP price rallied above the $1.15 and $1.20 resistance levels. The price is up over 25% and might rise further above the $1.420 resistance.
- XRP price started a fresh surge above the $1.20 resistance level.
- The price is now trading above $1.250 and the 100-hourly Simple Moving Average.
- There was a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair is up over 25% and it seems like the bulls are not done yet.
XRP Price Eyes Steady Increase
XRP price formed a base above $1.050 and started a fresh increase. There was a move above the $1.150 and $1.20 resistance levels. It even pumped above the $1.25 level, beating Ethereum and Bitcoin in the past two sessions.
There was also a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair. A high was formed at $1.4161 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high.
The price is now trading above $1.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.400 level. The first major resistance is near the $1.420 level. The next key resistance could be $1.450.
A clear move above the $1.450 resistance might send the price toward the $1.50 resistance. Any more gains might send the price toward the $1.550 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.750 or $1.80.
Are Dips Supported?
If XRP fails to clear the $1.420 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3350 level. The next major support is near the $1.2850 level.
If there is a downside break and a close below the $1.2850 level, the price might continue to decline toward the $1.240 support or the 50% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high in the near term. The next major support sits near the $1.20 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $1.3350 and $1.2850.
Major Resistance Levels – $1.4000 and $1.4200.
ETF issuer WisdomTree’s European division just announced a new ETP based on XRP. This product is currently available in four EU countries, which has led XRP’s price to jump slightly.
ETPs are a common issuer strategy to earn revenue without ETF approval, but Europe will not necessarily approve one even if the US does so.
WisdomTree’s XRP ETP
WisdomTree, one of the Bitcoin ETF issuers in the US, announced that its European branch is offering an exchange-traded product (ETP) based on XRP. This new product is currently available in Germany, Switzerland, France, and the Netherlands. A growing number of issuers have filed for an XRP ETF, but WisdomTree is taking a slightly different tack.
“The WisdomTree Physical XRP ETP offers a simple, secure, and low-cost way to gain exposure to XRP, one of the largest cryptocurrencies by market capitalization. Backed 100% by XRP, XRPW is the lowest-priced XRP ETP in Europe, providing direct spot price exposure,” the announcement claimed.
The possibility of an official XRP ETF is growing with the current bull market, and Ripple CEO Brad Garlinghouse considers it “inevitable.” Still, it hasn’t happened yet, and ETP offerings allow issuers to somewhat address customers’ requirements. BitWise, which has also filed for an XRP ETF in the US, recently acquired a European ETP issuer to enter the same market.
WisdomTree, however, is no stranger to this market strategy. In May this year, it won approval to offer ETPs based on Bitcoin and Ethereum to British investors.
The UK has not yet approved a full ETF for either of these assets, but WisdomTree still gained market access. Even a fraction of the XRP market could also prove lucrative; the asset’s value spiked today.
WisdomTree Europe’s strategy page does not describe any further actions upon full approval. Even if the US approves an XRP ETF under the SEC’s new leadership, that won’t necessarily benefit WisdomTree’s European branch. For now, these ETPs built on XRP will have to suffice for this market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance.
- Ethereum started a fresh increase above the $3,220 and $3,300 levels.
- The price is trading above $3,250 and the 100-hourly Simple Moving Average.
- There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if it clears the $3,385 resistance zone.
Ethereum Price Regains Traction
Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for a move above the $3,150 and $3,220 resistance levels.
The bulls pumped the price above the $3,300 level. It gained over 10% and traded as high as $3,387. It is now consolidating gains above the 23.6% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high.
Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD.
The first major resistance is near the $3,385 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,880.
Another Decline In ETH?
If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.
A clear move below the $3,250 support might push the price toward $3,220 or the 50% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,250
Major Resistance Level – $3,385
Solana Hits New ATH On Huge Whale Accumulation, More Gains Ahead?
XRP Price 25% Rally: Breaking Barriers and Surpassing Odds
Dogecoin Hashrate Surges To New All-Time High Amid Rise In Positive Momentum
WisdomTree Europe Launches XRP ETP
BTC Surges to $99K, ETH Shoots, XRP Jumps 25%
Rallies 10% and Targets More Upside
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Ethereum23 hours agoFundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum
-
Market20 hours agoSouth Korea Unveils North Korea’s Role in Upbit Hack
-
Altcoin17 hours agoDogecoin Whale Accumulation Sparks Optimism, DOGE To Rally 9000% Ahead?
-
Altcoin22 hours agoWhy FLOKI Price Hits 6-Month Peak With 5% Surge?
-
Bitcoin15 hours agoMarathon Digital Raises $1B to Expand Bitcoin Holdings
-
Market15 hours agoETH/BTC Ratio Plummets to 42-Month Low Amid Bitcoin Surge
-
Altcoin18 hours agoSui Network Back Online After 2-Hour Outage, Price Slips
-
Market23 hours agoLitecoin (LTC) at a Crossroads: Can It Rebound and Rally?
