Bittensor(TAO)

While $BTC is still fairly flat, and many of the altcoins are subdued, Stride (STRD) and Bittensor (TAO) are bucking the trend with some stellar gains recently.

OP, GNO, and TAO have followed ENS on the way up but are far behind.

With bitcoin having surged up above $43,000 over the last few days, a lot of the altcoins were bound to follow. Among the best of the leading pack are Render (RNDR) and Bittensor (TAO).

Bitcoin is still at the high price of around $47,000. However, with major resistance and other factors likely to detain the price at $48,000 to $50,000, Kaspa (KAS), Arbitrum (ARB), and Bittensor (TAO) can outperform $BTC in Q1 of 2024.

Solana (SOL) and Bittensor (TAO) are playing starring roles in this crypto bull market. $SOL looks to be gathering itself for a break higher while $TAO is not letting up in its recent surge towards a new all-time-high.

There is always the chance that a highly volatile crypto market decides that a deep retrace needs to be on the cards. That being said, pull-backs can be good opportunities to get into those top-performing cryptocurrencies.

OPNX, the newly launched crypto exchange by founders of the now-defunct Three Arrows Capital (3AC), has reportedly launched a bid to take over struggling crypto lender Hodlnaut. If the bid is approved, the deal could see an injection of around $30 million worth of FLEX tokens into Hodlnaut. A White Knight Investor For Hodlnaut? According to a report in Bloomberg, the OPNX exchange has made an offer to acquire 75% of the struggling crypto lender. The bid comes at a critical time for Hodlnaut, which is undergoing a restructuring plan under the supervision of a Singapore court. The deal would see a significant capital injection into Hodlnaut and would partially cover outstanding claims and creditor payouts. If the deal is approved, creditors will receive 30% of their claims in FLEX tokens and other cryptocurrencies. This offer also gives them a direct stake in the future potential of the entity being acquired. Alternatively, creditors also have the choice of opting for a pro-rata payment, allowing them to recover about 95% of the available corporate asset pool. According to OPNX, this option prioritizes the immediate financial recovery and stability of creditors. However, the bid is subject to approval from Hodlnaut’s creditors, who effectively hold the fate of the acquisition in their hands. The creditors’ decisions could also have a significant impact on the larger crypto-lending ecosystem. Unclear If Deal Goes Through So far, it remains to be seen if Hodlnaut’s creditors will accept the deal. Back in April, a significant majority of the struggling crypto lender’s creditors indicated their desire to liquidate the company. In a letter from the interim judicial manager (IJM), users representing 55.38% of creditors having claims of around 228.3 million Singaporean dollars ($170 million) have indicated that they prefer liquidation rather than restructuring. However, at the time, there was no source of fresh capital for the company. “There appears to be no indication of a white knight investor to date, and hence no prospect of any fresh capital injection.” Meanwhile, only users with around 2.42% of claims supported looking into the restructuring option. However, all of these claims belonged to company directors. A mediation proposal was also opposed by the major creditors of the company, including Samtrade Custodian and SAM Fintech, and the Algorand Foundation. Algorand has a $35 million exposure to Hodlnaut. The Hodlnaut Fiasco Hodlnaut halted all withdrawals in August 2022, as the turmoil in the crypto markets led to a significant liquidity crisis for the crypto lender. Eventually, the company entered into judicial management, temporarily protecting it against legal action. Following this, the company entered into a court-based restructuring process, shedding light on the extent of its financial difficulties. The company had stated at the time, “We are aiming to avoid a forced liquidation of our assets as it […] will require us to sell our users’ cryptocurrencies such as BTC, ETH, and WBTC at these current depressed asset prices.” With Hodlnaut struggling with the complexities of financial rehabilitation and creditor interests, founders Zhu Juntao and Simon Lee proposed selling the business as an alternative to liquidation, arguing it would result in a more favorable outcome for creditors. Furthermore, regulatory concerns have also compounded troubles, with figures associated with Hodlnaut and OPNX facing reprimands in Dubai for operating OPNX without the necessary local licenses. The OPNX Exchange And Its 3AC Connection The FLEX token is the native token of the CoinFLEX exchange, founded by Sudhu Arumugam and Mark Lamb. Arumugam and Lamb are also the co-founders of OPNX, a crypto claims trading marketplace. Other co-founders of OPNX include Kyle Davies and Su Zhu, who founded the now-bankrupt crypto hedge fund Three Arrows Capital. Creditors are pursuing both Zhu and Davies in the US over bankruptcy proceedings. The legal team representing creditors filed a motion urging that Davies be held in contempt of court for wilfully ignoring a subpoena connected to the firm’s bankruptcy proceedings. Creditors have alleged that Davies is purposely delaying asset recovery. However, the motion does not apply to co-founder Su Zhu, who, thanks to his Singaporean nationality, is not subject to the jurisdiction of US courts. 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.

OPNX, the newly launched crypto exchange by founders of the now-defunct Three Arrows Capital (3AC), has reportedly launched a bid to take over struggling crypto lender Hodlnaut. If the bid is approved, the deal could see an injection of around $30 million worth of FLEX tokens into Hodlnaut. A White Knight Investor For Hodlnaut? According to a report in Bloomberg, the OPNX exchange has made an offer to acquire 75% of the struggling crypto lender. The bid comes at a critical time for Hodlnaut, which is undergoing a restructuring plan under the supervision of a Singapore court. The deal would see a significant capital injection into Hodlnaut and would partially cover outstanding claims and creditor payouts. If the deal is approved, creditors will receive 30% of their claims in FLEX tokens and other cryptocurrencies. This offer also gives them a direct stake in the future potential of the entity being acquired. Alternatively, creditors also have the choice of opting for a pro-rata payment, allowing them to recover about 95% of the available corporate asset pool. According to OPNX, this option prioritizes the immediate financial recovery and stability of creditors. However, the bid is subject to approval from Hodlnaut’s creditors, who effectively hold the fate of the acquisition in their hands. The creditors’ decisions could also have a significant impact on the larger crypto-lending ecosystem. Unclear If Deal Goes Through So far, it remains to be seen if Hodlnaut’s creditors will accept the deal. Back in April, a significant majority of the struggling crypto lender’s creditors indicated their desire to liquidate the company. In a letter from the interim judicial manager (IJM), users representing 55.38% of creditors having claims of around 228.3 million Singaporean dollars ($170 million) have indicated that they prefer liquidation rather than restructuring. However, at the time, there was no source of fresh capital for the company. “There appears to be no indication of a white knight investor to date, and hence no prospect of any fresh capital injection.” Meanwhile, only users with around 2.42% of claims supported looking into the restructuring option. However, all of these claims belonged to company directors. A mediation proposal was also opposed by the major creditors of the company, including Samtrade Custodian and SAM Fintech, and the Algorand Foundation. Algorand has a $35 million exposure to Hodlnaut. The Hodlnaut Fiasco Hodlnaut halted all withdrawals in August 2022, as the turmoil in the crypto markets led to a significant liquidity crisis for the crypto lender. Eventually, the company entered into judicial management, temporarily protecting it against legal action. Following this, the company entered into a court-based restructuring process, shedding light on the extent of its financial difficulties. The company had stated at the time, “We are aiming to avoid a forced liquidation of our assets as it […] will require us to sell our users’ cryptocurrencies such as BTC, ETH, and WBTC at these current depressed asset prices.” With Hodlnaut struggling with the complexities of financial rehabilitation and creditor interests, founders Zhu Juntao and Simon Lee proposed selling the business as an alternative to liquidation, arguing it would result in a more favorable outcome for creditors. Furthermore, regulatory concerns have also compounded troubles, with figures associated with Hodlnaut and OPNX facing reprimands in Dubai for operating OPNX without the necessary local licenses. The OPNX Exchange And Its 3AC Connection The FLEX token is the native token of the CoinFLEX exchange, founded by Sudhu Arumugam and Mark Lamb. Arumugam and Lamb are also the co-founders of OPNX, a crypto claims trading marketplace. Other co-founders of OPNX include Kyle Davies and Su Zhu, who founded the now-bankrupt crypto hedge fund Three Arrows Capital. Creditors are pursuing both Zhu and Davies in the US over bankruptcy proceedings. The legal team representing creditors filed a motion urging that Davies be held in contempt of court for wilfully ignoring a subpoena connected to the firm’s bankruptcy proceedings. Creditors have alleged that Davies is purposely delaying asset recovery. However, the motion does not apply to co-founder Su Zhu, who, thanks to his Singaporean nationality, is not subject to the jurisdiction of US courts. 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.

MANILA, PHILIPPINES, July 17th, 2023, ChainwireAAG, a Web3 infrastructure company, successfully held its maiden live event on June 21, further bolstering the Philippines' immersion into the Web3 ecosystem.The event, a confluence of Web2 and Web3 aficionados, saw the participation of industry leaders like Lazada, GCash, and DITO CME, along with renowned key opinion leaders (KOLs) and strategic partners.CEO and co-founder of AAG, Jack Vinijtrongjit, emphasized, "AAG's commitment to integrating the worlds of Web2 and Web3 is instrumental in shaping the future. We are thrilled to lead this transformation and collaborate with enterprises on this exciting journey."Key Highlights of the Event:The launch of AAG's MetaOne Affiliate Program was a significant milestone. This path-breaking program offers users of AAG’s seedless self-custody wallet an opportunity to earn lifetime fee shares up to 80%. Furthermore, the program boasts enticing rewards, including monthly iPhone giveaways and a chance to win a BMW car!The event was graced by around 50 prominent KOLs, with a cumulative follower base of over 6 million.Leading Web3 companies such as Lazada, GCash, and DITO CME were present, contributing their insights on the latest evolutions in the Web3 arena.Donald Lim, COO of DITO CME, joined Jack Vinijtrongjit in a panel discussion about the transformative potential of Web3 technology on established businesses. Vinijtrongjit said, "Businesses can leverage the innovative power of Web3 and blockchain technology to revolutionize customer relationship management. AAG, through its advanced tech stack, is enabling businesses to exploit Web3 capabilities and discover new avenues in their existing business models."The successful conclusion of AAG's event in Manila underlined the burgeoning potential of the Web3 world, not only in the Philippines but on a global scale.About AAGAAG is a web3 infrastructure company focused on providing software that helps simplify interactions with blockchain applications and the Metaverse for both mainstream users and traditional companies. AAG provides a secure and easy-to-use MetaOne® wallet, as well as infrastructure software, such as a cross-chain search engine and Saakuru blockchain for enterprise companies. With the belief that education is the key to unlock the potential of web3, AAG is also exploring the concept of Learn-and-Earn with the mission of enabling economic opportunities worldwide via the Metaverse economy. AAG aims to bring 1 billion people into the Metaverse economy by 2030.For more information about AAG, visit: AAG LinktreeContactCEOJack [email protected]

[PRESS RELEASE – Singapore, Singapore, May 29th, 2023] AAG is pleased to announce the launch of TomoOne, an innovative NFT-based game developed on Saakuru’s gas-fee free blockchain with the aim of providing educational value and interactive engagement for MetaOne® users in the realm of Web3. Early adopters of MetaOne® will be able to mint the […]

Singapore, Singapore, May 29th, 2023, ChainwireAAG is pleased to announce the launch of TomoOne, an innovative NFT-based game developed on Saakuru’s gas-fee free blockchain with the aim of providing educational value and interactive engagement for MetaOne® users in the realm of Web3. Early adopters of MetaOne® will be able to mint the free Tomo NFT without having to pay for gas fees.TomoOne serves as a virtual companion, taking the form of an endearing animal, guiding users through the dynamic world of Web3. The name "Tomo" derives from the Japanese word for "friend," symbolizing the close bond users will form with their virtual companions. Beyond being a mere companion, TomoOne acts as a reliable guide, offering support and facilitating exploration within the Web3 ecosystem.By nurturing and attending to their Tomo, players will gain insights into utilizing crypto wallets, discovering decentralized applications (dApps), and participating in the creation of NFTs, all within an immersive gaming environment. Furthermore, engaging with TomoOne provides users with access to the AAG Charity DAO, enabling them to actively contribute through voting for a monthly charitable donation recipient.Additionally, users will accrue points based on their interactions with TomoOne, which can be redeemed for entry into weekly AAG partner giveaways and unlock higher tiers in the MetaOne® Tier Program. Progressing through the tiers grants users enhanced benefits such as increased discounts for MetaOne® swaps or on-ramps. The MetaOne® Tier Program is designed to recognize and reward loyal users with exclusive advantages.To embark on their journey with TomoOne, users simply need to download the MetaOne® wallet (if not already done so) and follow AAG on Twitter to remain informed about the latest news and updates.Download MetaOne for iOSDownload MetaOne for AndroidOnce downloaded and registered, follow the below steps to claim your TomoOne:On the homescreen, locate “Claim Your Welcome Gift” messageClick on “Claim now”Once the egg appears on-screen, click “See What’s Inside!”Approve transaction with your SignatureYou will now receive your TomoOne!“At AAG, we firmly believe that education is pivotal to fostering widespread adoption. TomoOne represents our commitment to making Web3 accessible and fostering engagement for all users. We encourage individuals to embrace the TomoOne experience and embrace the opportunity for learning within the Web3 landscape.” said Jack Vinijtrongjit, CEO at AAG.AAG extends its sincere appreciation to the MetaOne® community members for their invaluable support, and eagerly anticipates their feedback on TomoOne.About AAGAAG is a Web3 infrastructure company dedicated to providing software that simplifies interactions with blockchain applications and the Metaverse, catering to both mainstream users and traditional companies. AAG offers the secure, user-friendly and seedless MetaOne® wallet, as well as infrastructure software such as a cross-chain search engine and the gas-fee-less Saakuru blockchain for enterprise companies. With the belief that education is pivotal in unlocking the potential of Web3, AAG also provides AAG Academy, a comprehensive knowledge bank, and TomoOne, a risk-free, gamified in-wallet experience to ease the transition. AAG's ultimate goal is to bring 1 billion people into the Web3 economy by 2030.For more information about AAG, visit: AAG LinktreeContactCEOJack [email protected]

The GMO internet Group in Japan is a firm that provides several services in relation to the internet. They have recently released the results of a survey they conducted which showed that nearly half of all the respondents said that they expect Ripple to see the most gains throughout 2019 compared to the other coins and tokens. The survey was conducted from 30th January - 20th February with around 11,000 people taking part with some very interesting results. Around 70 percent of the participants believe that cryptocurrencies are long-term investors and that there is a lot of potential for the future of these assets. Although the main reasons for investment are partially down to the potential of making money when it comes to crypto as well as the concerns had to do with market volatility and exchange security. There is also a big implication that the potential for high returns has a big home in the mind of the investor. The report claims that 90 percent of the participants entered the market after the highs of late 2017. The GMO Internet Group has started up its own crypto exchange called GMO via its subsidiary GMO Coin. Moreover, the firm has a brokerage and margin trading service which CMO Coin has dubbed as the Sales Office and Virtual Currency FX, respectively. In the crypto community, you either love or hate Ripple, there doesn’t seem to be an in between. When it comes to Japan though, XRP is a very popular asset. The country’s financial services firm, SBI Group is a big supporter of Ripple and the CEO of the firm believes that the token has a lot of potential. In fact, Yoshitaka Kitao is expecting every bank in the nation to use Ripple’s XRP token by the 2025 Osaka Expo. Japan is also making some ground when it comes to the regulation of cryptocurrency as the Financial Services Authority is currently reviewing whether it should hand licenses to about seven exchanges. On top of this, it is also planning to amend two acts and change the name of digital currencies to cryptographic assets in order to accommodate the new asset class in the existing legal framework. When it comes to price, XRP is currently in the red with a 0.53 percent decrease over the past 24 hours leaving it a price of $0.31 and as the third largest cryptocurrency in the market.