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2024-05-05

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In technology, we need revolutionary change, not incremental change. NFT Volume At Record Lows Robinhood Crypto Review 2023: Security, Fees and FeaturesThere are three days to go before Wall Street Memes, one of 2023’s biggest crypto presales, launches on exchanges, and Binance could be among the tier 1 trading venues being targeted. $WSM coin is at the center of a plan to monetize the meme stocks movement and bring that energy to crypto. With a one million-strong social community of financially switched-on individuals behind it, a community that Elon Musk interacts with, the opportunity to turn investments of hundreds of dollars into millions has been too good to pass up for many.According to the Wall Street Memes website, in three days, the first tier 1 centralized exchange (CEX) listings will take place, and it is thought that at least two of them are ranked in the top 10 globally. Sources suggest Binance might be listing Wall Street Memes token next weekBut today an inside source has let it slip that the world’s largest crypto exchange, Binance, might possibly be listing the coin.As crypto trading volumes touch multi-year lows, centralized exchanges are competing fiercely for market share. Binance, at one stage, looked like it would be one of the winners of the crypto winter when it grabbed a market share of as much as 65% earlier this year.However, over the past few months, Binance’s regulatory woes have mounted. Trading activity on its Binance.US exchange has been badly hit. Its global business wasn’t helped either when it ended fee-free trading in Bitcoin.Although Binance is hardly about to collapse, despite what FUDsters might claim, it is nevertheless eager to hoover up trading volume in new upcoming trending coins that can generate substantial trading fee revenues for it. Tokens like $WSM fit the bill. A lot of action has also been migrating to decentralized exchanges such as Uniswap, as some retail investors steer away from the risks associated with trading on centralized exchanges (CEXs) in light of the FTX collapse. Still, the CEXs are easier to use and much cheaper to trade on than Ethereum-based Uniswap, so despite its local difficulties, Binance is still the top dog.Why $WSM could pump 10x as Pepe did on Binance listing newsAnyone doubting whether Binance still holds significant sway over the market for new altcoins should consider the PEPE listing.Pepe exploded onto the crypto scene five months ago and was listed on Binance on 5th May. In the week before the listing, the price of the coin increased by nearly 1,000%, as can be seen in the chart below:Even if Binance isn’t the first of the tier 1 exchanges to list $WSM, a coin from a community that has the world’s richest man interacting with it is sure to be on its radar.Although there are three days until the first listings are announced (26 September), the Wall Street Meme’s presale is still open, and is available at what could be its lowest-ever price, $0.0337.If the $WSM price pumps 10x at launch, a $10,000 investment will be worth $100,000. Bearing in mind the Binance effect in the case of PEPE, such a projection is well within bounds.But the Wall Street Memes team states on its website that a plurality of top exchanges will be listing the coin, by using the words “multiple tier 1 exchanges”. So whichever exchanges are in the mix next week, token holders can look forward to market-moving news flow. What is Wall Street Memes?Wall Street Memes grew out of the meme stocks craze at the height of the Covid pandemic. For those that need reminding, in 2021, a movement exploded that saw mainstreet retail investors take on and beat Wall Street’s finest when they backed unlikely stock darlings such as GameStop, AMC and Robinhood, forcing at least one hedge fund into bankruptcy. The king of stonks now wants to be the king of crypto by building a community rewards-based system that has kicked off with an already-popular stake-to-earn feature. There are more products to come, but they are, for now, closely guarded secrets.Stakers make a 372 million vote of confidence in Wall Street Memes The Wall Street Memes staking service is a big hit with the community. So far, 372 million $WSM tokens have been staked and are currently earning an annual percentage yield (APY) of 54%, as shown on the staking dashboard. It means that 37% of the tokens allocated to the presale have now been locked in the staking pool smart contract.There is a maximum total token supply of 2,000,000,000, of which 50% (1 billion) were on sale in the presale, which finishes in days. As far as tokenomics goes, 20% is equally divided for decentralized and centralized exchange liquidity, 50% for marketing, and 30% for community rewards. Such a large proportion of tokens devoted to marketing confirms the ambition of this project.Twenty percent of the $WSM total token supply is allocated for staking rewards (400,000,000). This comes out of the 30% allocated in the tokenomics to community rewards.In a boon for presale buyers, staking provides a passive income stream that will encourage long-term holding of the coin – that will dampen any selling pressure in evidence at the listing debut.Wall Street Memes has proven marketing prowess and successful product launches already in the bag Crypto market participants should not make the mistake of dismissing Wall Street Memes as just another utility-lacking lightweight meme coin hoping to go viral. Although not yet in the public domain, the project is believed to have a bevy of major product releases lined up.Furthermore, the team has already proven its marketing prowess, not just in raising at least $25 million for the project, but in its success over the past couple of years in growing a vibrant online community and in rolling out products.In May this year, the team launched the Wall Street Bulls Ordinals NFT Collection.Before that, in 2021, the founders of the community made $2.5 million when they minted the highly successful Wall Street Bulls 10,000-piece NFT collection, which sold out in 32 minutes. The team at Wall Street Memes know exactly what they are doing. And then there’s the Elon Musk connection to juice it up. Was Elon Musk one of the whales buying $WSM?When Elon Musk interacts with your X feed, a project can be said to have arrived. That’s the pleasing position $WSM is in. You can see some screenshots below and check two of Musk’s posts on @wallstmemes here: And here: When it comes to meme coin influencers, they don’t come any bigger than Elon Musk. His interactions to date beg the question: has Elon Musk been buying $WSM? A little help from Musk can take a coin a very long way, as Dogecoin holders will attest – Musk features among the line-up of Dogecoin whales. Whale buyer or not, the chances of Elon Musk staying involved with $WSM at a social level are high.Flexing an internet community of more than one million switched-on traders, Wall Street Memes is today one of the internet’s most influential retail investing communities. Its Wall Street Bets Instagram account has 534k followers and there are another 260,000 on X. And don’t forget the 100,000 followers across its two other Instagram channels, wallstgonewild and wallstbullsnft.The brand traction of Wall Street Memes and the much-talked-about success of its sellout presale means it is likely to be a contender for a seat at the top 100 crypto table in the coming weeks and months.Crypto experts are lining up with bullish forecasts for Wall Street MemesCrypto YouTuber Zach Humphries, with more than 100,000 subscribers, is backing Wall Street Memes to be a top meme coin.Then there’s YouTuber Joe Parys, with 380k subscribers. He tells his viewers that Wall Street Memes coin could be a 100x crypto.Another important analyst, Michael Wrubel, this time with 310k subscribers on YouTube, issued an urgent warning to his viewers a few days ago not to miss out on getting into $WSM before the upcoming tier 1 listings. Meanwhile, crypto presale analyst Jacob Crypto Bury reckons Wall Street Memes could 10x at launch.Other crypto financial influencers believe $WSM could be the next Pepe because of its potential to monetize the meme stock movement.As the FOMO continues to ramp up and the listing debut draws ever closer, there’s still time to buy $WSM before the price blasts higher at launch.$WSM can be bought on the Ethereum blockchain and BNB Smart Chain using ETH, BNB, or USDT (ERC-20 or BEP-20). If you wish to stake now, then you must buy with ETH. Visit Wall Street MemesLocal US Bank Shut Down after CEO Lost Millions in Crypto Scam The organization will host a multi-signature wallet – controlled jointly by multiple parties – to collect donations denominated in multiple cryptocurrencies, including bitcoin (BTC) and ether (ETH) as well as the dollar-linked stablecoins USDT and USDC, according to a press release from Crypto Aid Israel.

Source: AdobeStock / photo_gonzoAn analyst at Berenberg investment firm believes MicroStrategy is now a safer bet compared to Coinbase due to the exchange's regulatory issues. Mark Palmer, an equity research analyst at Berenberg Capital Markets, said the US Securities and Exchange Commission will likely file an enforcement action against Coinbase as the commission increases its scrutiny of the crypto sector. “Given the heightened uncertainty that Coinbase faces, we believe investors would be much better served investing in shares of MicroStrategy,” the analyst reportedly wrote.Shares of MicroStrategy, a software maker better known for being the largest public holder of Bitcoin, have increased more than 90% YTD, compared to a 63% increase in Coinbase's shares over the same period. The strong performance comes on the back of Bitcoin’s rebound in recent months. The flagship cryptocurrency has gained more than 60% YTD.According to Palmer, MicroStrategy is an “attractive alternative” to Coinbase given the regulatory pressures on the latter. The analyst also noted that the SEC has identified Bitcoin as a commodity while claiming that the majority of other crypto assets are securities. This makes MicroStrategy, which is a major holder of Bitcoin, an appealing choice for investors. “The SEC has characterized bitcoin as a commodity while asserting that most (if not all) other crypto tokens are unregistered securities, putting bitcoin and MSTR in advantaged positions amidst the regulatory onslaught."Palmer said the enforcement actions against crypto exchanges Kraken and Bittrex, as well as crypto lending platform Nexo, could be a preview of the SEC's approach to Coinbase.“We believe investors should be focusing on whether the company would have the ability to successfully pivot its business model and geographic focus if it were forced to curtail or cease a large portion of its activities in the US."SEC-Coinbase Relationship Continues to DeteriorateThe SEC has been in a legal battle with Coinbase as of late.Back in March, the commission sent a “Wells notice” to Coinbase, threatening the crypto exchange with legal actions regarding some of its listed digital assets, its staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. In response, Coinbase CEO Brian Armstrong accused the agency of engaging in “some really sketchy behavior.”The exchange also filed a lawsuit with a federal appellate court in Philadelphia last month, alleging that "the SEC refuses to address Coinbase’s rulemaking petition" even as the agency aims to initiate enforcement actions against the firm for listing unregistered securities.However, the commission has asked a judge to reject Coinbase’s request to compel the commission to respond to the rule-making petition. It is worth noting that Armstrong has suggested that the exchange could leave the US if regulators don't clarify their approach to the digital asset space. "Anything is on the table, including relocating or whatever is necessary," he said during the Innovate Finance Global Summit last month.Solana Price Prediction as New Blockchain Update Provides Native Support for Private Transactions – Time to Buy? Read more: Solana vs. Ethereum: An Ultimate Comparison Best Cryptocurrency to Invest in 2023-Top Crypto to Buy ...Galxe is making users whole by 110% if they lost funds in a recent hack, the firm announced on Oct. 10. “We want to express our deepest gratitude to those who are standing by us during this difficult time,” the company said. You might also like: The darknet’s Reddit clone makes exit scams harder

According to the intervention, Rebuilding Society has until 5 p.m. BST on Wednesday to withdraw any prior financial promotion approvals it has granted to unauthorized entities. The FCA has also ordered Rebuilding Society to inform clients using its third-party financial promotions service that it cannot approve content from unauthorized persons or entities. It must also withdraw any advertisements offering its services to approve financial promotions. NASAA also pushed back against assertions that the major questions doctrine can be applied to crypto. Playing catch up? Sensex derivative turnover doubles to Rs 3.4 lakh croreEllison and former FTX CTO Gary Wang, whose testimony occurred during the first week of the trial, are two of the prosecution’s key witnesses against SBF. Both held leadership roles at the two companies and were close to the former billionaire. India is reportedly developing a database that will contain information about global crypto exchanges, including those that operate within the dark web.

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