Cryptocurrency Hyper Pre-Sale Generates $16 Million in Funding Within a Day, with $300,000 of New Investments; Is Bitcoin the Ideal Crypto to Invest in Currently?
The Federal Reserve has made a move that could have far-reaching implications for the financial world, as it has cut interest rates by 25bps. Some analysts suggest that this decision could potentially devalue the dollar, sending cryptocurrencies soaring to new all-time highs.
In the crypto market, Bitcoin, Ethereum, and XRP have seen a dip this Monday, with Bitcoin price dropping 1% in the past 24 hours. However, the announcement of a new project called Bitcoin Hyper could be a game-changer. This innovative project is developing a Bitcoin Layer 2 blockchain to address the network's slow speeds, high fees, and limited functionality.
Bitcoin Hyper is expected to launch on the open market in Q4, and its presale has already surpassed the $16 million milestone. Industry experts predict that Bitcoin Hyper could lead to 100x gains once the token is listed on exchanges. The project's execution layer will utilize the Solana Virtual Machine, offering Solana-grade speeds, smart contract support, and interoperability with Solana.
Elsewhere in the crypto world, XRP, Dogecoin ETFs are set to launch this week, and CME Group will launch options on XRP and Solana futures. Ethereum's boss, Vitalik Buterin, presented a new roadmap at the Japan Dev Conference, while one user lost a significant $1M USDC to a MEV bot after a mistaken transaction.
In other news, Microsoft has joined the scramble for the UK AI 'cake' with a $30 billion package. The UAE M2 crypto exchange has dropped its business model, and a golden Trump statue holding Bitcoin appeared outside the U.S. Capitol. Cardano's Hoskinson praised Ripple and the XRP army, and Eric Trump suggested that the Fed rate cut will send crypto-tied stocks surging in Q4.
One intriguing development is Bitcoin Hyper's blockchain, which operates alongside the Bitcoin L1, allowing users to transfer their BTC through a trustless canonical bridge. The HYPER presale could be a promising opportunity for investors to get in on the project at the ground floor before a market-wide breakout.
As always, it's essential to approach investments with caution and do thorough research before making any decisions. Stay tuned for more updates on these exciting developments in the crypto and tech world.
