What Happened on the First Day of TOKEN2049?

Maelstrom Launches Private Equity Arm: “Maelstrom Equity”

Arthur Hayes, co-founder of BitMEX, used the stage at TOKEN2049 to unveil a new division under his family office: Maelstrom Equity. For the first time, the firm will accept external institutional capital, targeting both majority and minority stakes in crypto and crypto-adjacent companies.

With a focus on businesses facing liquidity challenges or those primed for transformational growth, Maelstrom is expanding beyond venture and liquid markets into buyouts and growth equity. This move positions the firm to play a pivotal role in reshaping mature verticals within the crypto ecosystem.

KuCoin Rebrands With a New Identity: “Trust First. Trade Next.”

Global exchange KuCoin introduced its refreshed brand identity at TOKEN2049, centered around the principle “Trust First. Trade Next.”

Originally launched in 2017 as “the crypto exchange for everyone,” KuCoin now positions itself as “the crypto partner you can trust.” The updated visual identity reflects its core ethos of security, transparency, and accessibility, aiming to reinforce trust during periods of market volatility while strengthening its global appeal.

MEXC Ventures Commits $30M to Ethena’s ENA

Another key headline from Day One came from MEXC Ventures, which announced its second strategic investment in ENA, the governance token of the Ethena protocol. This brings its total commitment to $30 million.

When combined with a previous $16 million investment and a $20 million USDe acquisition, MEXC’s total exposure to the Ethena ecosystem now stands at $66 million. According to Cecilia Hsueh, Chief Strategy Officer at MEXC, the firm’s approach extends far beyond capital deployment, aiming to integrate operational synergies and project-level support to accelerate ecosystem growth.

Tether Gold (XAUt) Goes Live on Celo

Tether Gold (XAUt) has officially launched on the Celo network, expanding access to tokenized gold across more than 150 countries.

The addition complements Celo’s existing integration of USDT, which has already been used in over 119 million transactions as a gas currency. With XAUt now live, users within the Celo ecosystem gain seamless access to one of the oldest stores of value, bridging traditional assets with blockchain infrastructure.

Celo Introduces Nightfall Privacy Layer for Enterprise Payments

The Celo Foundation also announced the deployment of Nightfall, an open-source zero-knowledge privacy layer built by EY. Now live as a Layer 3 on Celo, Nightfall represents the first time a payments-focused blockchain has adopted this technology.

Nightfall leverages ZK proofs and ZK-ZK rollups to deliver private, auditable transactions at a fraction of traditional costs. The solution is designed for B2B payments, supply chain finance, and other enterprise use cases where confidentiality and efficiency are mission-critical.

A Strong Start to a Landmark Event!

Even on its first day, TOKEN2049 demonstrated why it remains the epicenter of the crypto world. From major equity announcements and rebranding strategies to significant investments and technical innovations, the event is shaping the conversation around both the current state and future trajectory of digital assets.

As the week continues, participants can expect even more high-profile panels, product launches, and strategic collaborations. TOKEN2049 has once again proven to be more than just a conference—it is where the next chapter of the crypto industry is written.

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The post We’re at TOKEN2049! What Happened on the First Day? appeared first on Coin Engineer.

1. Binance

Binance stands out as the world’s largest cryptocurrency exchange. Its mobile app offers a wide range of cryptocurrencies (over 350 coins), including Bitcoin and Ethereum, with features like spot and futures trading, P2P trading, and staking. With low transaction fees (0.1%) and Turkish language support, it’s a favorite among Turkish users. The user-friendly interface suits both novices and professionals. Security features like cold wallets and two-factor authentication ensure safety. Binance Academy provides educational content, and the NFT marketplace adds innovative options.

2. CoinGecko

CoinGecko is a comprehensive data platform tracking over 17,000 crypto assets and 1,000+ exchanges. Its mobile app delivers real-time prices, market caps, and trading volumes transparently. The Trust Score system is a great tool for evaluating exchange reliability. Its user-friendly interface makes tracking altcoin trends and new tokens effortless. Offering insights into NFTs and DeFi projects, CoinGecko is indispensable for investors and developers alike.

3. CoinMarketCap

CoinMarketCap is a leading platform for monitoring the crypto market. Its mobile app provides detailed data on coin rankings, price movements, and trading volumes, using volume-weighted averages from multiple exchanges for accuracy. Ideal for tracking trends and popular coins, it allows users to manage portfolios and set price alerts with ease.

4. Trust Wallet

Trust Wallet, Binance’s official mobile wallet, supports thousands of crypto assets with top-tier encryption and bank-level security. Users can securely store Bitcoin, Ethereum, and other tokens, stake assets, and interact with dApps. The TWT governance token lets users contribute to the platform’s development. Its intuitive interface makes it perfect for both individual and institutional investors.

5. MEXC

MEXC is known for low fees and a broad coin selection, particularly for new altcoins and memecoins, with pre-sale opportunities. Its Turkish support and user-friendly interface appeal to Turkish investors. Offering margin trading, DeFi, ETFs, and staking, MEXC provides diverse investment options. Its licenses and security measures make it a reliable choice for early investment opportunities.

6. VECTOR

VECTOR is an innovative platform promoting social trading. It offers an integrated wallet for secure asset management, real-time market data, and community discussions. Users can follow successful traders, share market insights, and learn strategies. With a user-friendly interface and robust private key management, VECTOR appeals to both beginners and experts, positioning it as a future leader in the crypto space.

7. MetaMask

MetaMask is a wallet app designed for Ethereum-based dApps, supporting Ethereum, Avalanche, and other compatible blockchains. Users can securely store crypto assets and connect to DeFi protocols and NFT marketplaces. Its open-source nature and intuitive interface make it a go-to for Web3 enthusiasts.

8. TradingView

TradingView is a powerful platform for technical analysis across crypto, stocks, and forex. Its mobile app offers real-time price charts and advanced tools. Users can share strategies and get feedback from a community of over 50 million. Available in free and premium versions, it’s a must-have for technical analysis enthusiasts.

9. Backpack

Backpack is a multi-chain wallet supporting Solana, Ethereum, Arbitrum, and Optimism. Users can trade crypto, manage NFTs, and access DeFi apps. Its xNFT integration allows developers to build dApps, which users can interact with directly from the wallet. With strong security and ease of use, Backpack is a top choice for modern investors.

10. DEX Screener

DEX Screener is a leading crypto analysis and charting tool, offering real-time on-chain data across 30+ blockchains like Ethereum, Solana, and BNB Chain. It tracks token prices, liquidity, market caps, and trading volumes, helping users spot trending altcoins and new token pairs. With features like price alerts and watchlists, it’s ideal for day trading, swing trading, or long-term investing. Its 30,000+ active community members and direct trading capabilities make it a powerful tool for discovering opportunities.

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Access Issues Experienced on Multiple Exchanges

On the morning of April 15, “connectivity issues” occurred at an AWS data center, affecting at least 12 different services of the company. This led to temporary interruptions on centralized crypto exchanges that rely on AWS.

One of the first statements came from Binance. The company announced: “A temporary network outage at the AWS data center has caused issues affecting some services on our platform.” It was stated that while some orders were successfully processed, others failed. Binance noted that it swiftly collaborated with AWS and restored most services in a short time.

Other major platforms such as KuCoin and MEXC made similar announcements confirming temporary disruptions on their platforms. On MEXC, users particularly faced chart display errors, order cancellation problems, and delays in asset transfers on the mobile app and web platform. However, the exchange emphasized that user assets remain fully secure.

By the morning, at least eight platforms, including Coinstore, Gate.io, DeBank, Rabby Wallet, and Weex, reported AWS-related issues.

How Centralized Infrastructure Threatens the Crypto World

AWS provides a cloud infrastructure that enables crypto exchanges to handle high transaction volumes with low latency. However, this incident demonstrated that reliance on a single centralized service provider can trigger chain reactions across the system.

Such disruptions suggest that dependence on centralized infrastructure may pose a potential risk for the crypto market. According to some experts, this situation shows that decentralized alternatives need to be taken more seriously.

A New Alternative: Decentralized Cloud Services

Comments from prominent figures in the industry highlight the limits of centralized infrastructure. For instance, Edmund Chua, a DeFi protocol executive, emphasized the seriousness of the situation by saying, “AWS is down and 90% of crypto is affected. Is decentralization just a meme?”

Decentralized solutions like Filecoin for storage, Akash Network for distributed computing power, and Render Network for GPU-based services are among the key alternatives in this space.

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How Does PumpAI Work?

PumpAI offers a simple workflow for users to create their own coins. First, users provide the details of their token to PumpAI, and then launch it using the bonding curve model. This model determines the token’s initial market value, and the trading of the coin continues on the PumpAI platform until the market cap limit is reached. Once the bonding curve is completed, the token’s liquidity pool (LP) is transferred to Meteora, and staking options are opened. Thus, users can trade on PumpAI before launching their token and enjoy trading and staking on Meteora afterward.

Why PumpAI?

• No Technical Knowledge Needed: Create and launch your token without any coding skills.
• Developers & Hodlers Earn Without Selling: Generate passive income through Meteora’s DLMM yield system without selling your tokens.
• Customize Initial Market Cap (v1.1): Customize the initial market cap of your token based on where the bonding curve ends.
• Integrated Rewards with Staking Pools: Create staking pools offering integrated rewards for participants.
• Rewards for Top Investors: Incentivize top traders with appealing rewards to increase engagement.

PumpAI and Meteora

PumpAI is built on Meteora and Solana, both fast-growing ecosystems with high impact. This partnership makes PumpAI the first AI launchpad offering integrated staking pools for token projects and allowing developers and stakers to earn Solana rewards driven by Meteora’s DLMM systems.

PumpAI’s target market is valued in billions and compares with high-volume platforms like Meteora. Solana’s scalability and impressive daily transaction volume allow PumpAI to benefit from this growing market. Solana is projected to grow from USD 116 billion in 2024 to USD 3 Trillion by 2035, presenting a significant growth opportunity for PumpAI.

Integrated with Meteora: PumpAI is uniquely integrated with Meteora, providing direct access to millions of active users and ensuring unmatched user acquisition and engagement.

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Cherry Ecosystem: By collaborating with the Cherry ecosystem, PumpAI runs precision-targeted user acquisition campaigns, reaching millions of Web3 users and generating massive impressions.

Cross-Marketing with Trading Bots: PumpAI leverages cross-marketing with over 10 trading and sniper bots to tap into the active Web3 audience and accelerate platform growth.

PumpAI Daily Volume Potential

PumpAI introduces continuous market activity through the bonding curve model. The platform sustains growth by charging a 1% fee on every trade, supporting innovation while ensuring sustainability. Launchpads using this mechanism have achieved millions of dollars in daily trading volume.

PumpAI Token Economy

The PumpAI token economy provides various opportunities for both investors and developers. A 1% fee is applied on PumpAI token trades, helping maintain the platform’s sustainability while supporting innovative features.

Additionally, when purchasing PumpAI coins, a 10% tax is applied on the developer’s first purchase. This mechanism is designed to enhance loyalty to the platform and reward early backers of the project.

The maximum supply of PumpAI coins is 1 billion tokens. This limited supply is a strategy to maintain and potentially increase the token’s value over time. The supply cap ensures control over the token’s value and creates a balanced ecosystem based on market demand.

Where to Buy PumpAI?

PumpAI coin will be available for trading on the MEXC exchange starting January 3, 2025. This marks an important milestone for PumpAI as investors will be able to easily access the token through this platform. MEXC is known for its large user base and trading volume, offering increased visibility and liquidity for PumpAI coin.

Listing a new token on popular exchanges typically attracts significant investor attention. This step will enable PumpAI coin to be discovered by more people and see an increase in trading activity.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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What is ForTube?

ForTube, a blockchain project offering decentralized finance (DeFi) services, was established in 2020. Formerly known as The Force Protocol, ForTube aims to make financial services more inclusive by providing global access through ForTube cryptocurrency bonds. The platform seeks to revolutionize traditional banking by offering decentralized banking services.

Cryptocurrency bonds represent a new type of bond where cryptocurrencies are used for payment. These bonds offer two main advantages to the virtual currency market: they provide financing within the digital currency space and introduce fixed-income products that meet investor needs while contributing to the sector. Additionally, cryptocurrency bonds rely on distributed ledger technology (DLT). Built on the Binance Smart Chain, ForTube offers developers a variety of products, including a dApp development kit and APIs. ForTube users can borrow and lend funds on the platform, with interest rates automatically adjusted by the platform.

What is FOR Coin and What is It Used For?

FOR Coin is the native cryptocurrency of the ForTube platform, offering benefits for on-chain payments. As a governance token, FOR provides its holders with various advantages within the network. FOR Coin holders can participate in the platform’s governance, voting on proposals related to its management. Additionally, they can engage in the QIAN ecosystem on matters like stability regulation and global debt auctions. FOR Coin is also a stakeable token.

Users can lock FOR tokens in liquidity pools for a specific period and earn additional token rewards upon maturity. FOR Coin offers holders the right to vote on ForTube platform decisions and earn passive income. Moreover, deposit and interest rates are competitively advantageous compared to other platforms.

Where and How to Buy FOR?

FOR Coin, the native cryptocurrency of the ForTube platform, is listed on several cryptocurrency exchanges, including Binance, PancakeSwap (V2), Gate.io, Huobi, Bitget, MEXC, Upbit, and Bitrue. Investors interested in purchasing FOR should first choose a platform and register. After creating an account, users must complete identity verification. Investors can then buy FOR Coin in their preferred quantity on the trading page. Purchased FOR Coins can be used in transactions or stored securely in wallets for future use.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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First Community Token Based on Fractional NFT’s (WEN)

The poem “A Love Letter To Wen Bros” on the project’s website has been divided into many parts, similar to Solana tokens. Each WEN token is equal to a divided fragment of this poem.

Pushing the Boundaries of Solana:

• The first community token based on fractional NFTs
• The first official launch on Jupiter’s LFG Launchpad platform
• The first NFT minted according to the WNS NFT standard
• Equal distribution to over 1 million active Solana wallets

WEN Foundation

The WEN Foundation is a group dedicated to contributing to the Solana community by supporting the development of public goods and further strengthening the message that is only possible on Solana.

The WEN Foundation’s first contribution is the “Wen New Standard” (WNS), an open-source NFT standard intended to be extended by all members of the community.

There is no team allocation or compensation for early contributors. With a simple distribution of 70 percent airdrop and 30 percent LP/strategic reserve, the primary focus is on giving back to Solana.

Tokenomics

The total supply of the WEN token, which is 1 trillion, was planned to be distributed to the community through airdrop events. Seventy percent of the total supply was equally distributed to users through the airdrop.

The demand period ended and 300 billion WEN, equivalent to 30% of the total supply allocated for the airdrop, was burned.

Of the remaining 30% segment excluding the airdrop, 20% are allotted for the liquidity pool and 10% are set aside for the treasury.

What is the Price?

As of March 5, 2024, the day this article was written, $WEN lost approximately 8% in value according to CoinMarketCap data and is trading at around $0.0002153. The market value is $136,067,815.

Where to Buy?

WEN tokens are traded on exchanges like HTX, Gate.io, Kucoin, MEXC. If you haven’t registered on these exchanges yet, you can register through these links and get lifetime commission discounts.

You can get discounted tickets for the Token 2049 Dubai Event through this link.

The post WEN: Cat-themed memecoin on Solana network! appeared first on Coin Engineer.

Theta Network  %12.17

The THETA/USDT pair has lost 12.17% value in the last 24 hours, trading at 1.92$. The resistance levels for THETA are first $2.60, then $3.09. The support levels are $1.67 and if it’s below this region, the level is $1.49.

World Coin %7.43

The WLD/USDT pair has lost 7.43% value in the last 24 hours, trading at 7.16$. The resistance levels for WLD are first $7.95, then $9.26. The support levels are $7.12 and if it’s below this region, the level is $6.26.

The post Most Declining Coins | Coin Price Analysis! appeared first on Coin Engineer.

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ETHEREUM (ETH)

Ethereum continues to rise with the reaction it has taken from the support level. Our critical resistance level is $2500 for Ethereum, which is currently priced at $2421.

If this level is exceeded and high volume closures start to be seen above, we may see Ethereum move back to the $2700 levels. In case of a possible pullback, the $2370 level will act as support. We can continue the upward trend by reacting from this level.

AVALANCHE (AVAX)

The flag formation formed on the Avax chart completed its upward breakout and if the expectation is kept, we may see a rise towards $56 in Avax. Currently, there is an appropriate scenario for the rise in terms of Avax.

After breaking the trend, a re-test movement occurred and then it continued to rise; this can be considered a positive indicator for formations to work solidly. The $33 level will act as a support in the case of possible pullback movements. Losing this level can deepen the declines.

MATIC (MATIC)

A nice structure is observed on the Matic side. The price overcame the resistance level of the horizontal trend and created a manipulation and then returned back into the trend and had a pullback to the support level.

Currently, it started to continue its rise by reacting from the same support level and if there is no negative development on the Matic side, a move up to the $0.92 price band can be possible. The $0.92 level emerges as a significant resistance zone. If this level is exceeded and we see a break that is not fake,

We can see prices again at $1.18 in Matic. In a contrary scenario, $0.77 will be our first support level, and if this level is lost, a decline back to the main support level at the $0.70 price band might occur.

You can also easily buy and sell ETH, AVAX and MATIC tokens on Global Exchanges like Binance, BitGet, Kucoin, Mexc, Houbi and Gate.io. If you want to take advantage of our affiliate link specifically designated for Coin Engineer followers, you can use our referral code by clicking on the name of the exchange you want to register for.

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Background of the Incident: Ripple’s Bad Start and Hack Shock

Ripple had a bad start to February. Ripple co-founder Chris Larsen confirmed that 213 million XRP worth $112 million had been stolen from his personal accounts. Also, the details of the hack and the transfers of the stolen assets worried the crypto community.

ZachXBT’s Explanation: Behind the Scenes of the Hack

ZachXBT, who explained the hack, stated that he sent the stolen 213 million XRP to MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC exchanges. Additionally, these statements revealed the extent of the exploitation and the complexity of the solution process.

Important Support Statements from Richard Teng

Binance CEO Richard Teng announced that they have frozen $4.2 million worth of Ripple (XRP) tokens related to the $120 million hack. Also, Teng praised Chris Larsen’s quick response and the community’s cooperation, emphasizing that Zach XBT’s role was critical in solving the hack.

Binance and Ripple Collaboration: Tracing Stolen Funds

According to Teng’s statements, the Binance team froze the stolen $4.2 million worth of XRP after learning about the exploitation that Ripple experienced early on. Also, It was stated that the funds in the exploiter’s external wallets would be closely monitored if they were transferred to Binance.

Unity and Solidarity in the Crypto Community: SAFU Principle

The statements of the Binance CEO emphasize the importance of unity and cooperation in the crypto world. For a secure ecosystem, it can be considered a critical step for the crypto community to come together and for large platforms to support this effort in terms of increasing maturity in the industry.

Conclusion

The support shown by Binance CEO Richard Teng to Ripple is a reflection of solidarity and trust in the crypto world. By acting together, finding more effective solutions against similar incidents and protecting crypto assets can play a significant role in increasing the reliability of the industry. With the SAFU principle, the crypto community can be better prepared for future challenges.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

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According to the details of the hacking incident, hackers are said to have laundered the XRP they stole through transfers via well-known exchanges such as Binance, Kraken, OKX, HTX, HitBTC, MEXC, and Gate.io.

No official statement has yet been made by Ripple CEO Brad Garlinghouse or other executives. Ripple is known as one of the oldest companies in the cryptocurrency world, and this incident could lead the company to review its security measures again.

ZachXBT, a well-known name in the cryptocurrency community, announced that approximately 213 million XRP ($112.5 million) had been stolen. It is stated that the stolen funds were quickly transferred to various platforms after the attack that took place on January 30.

While the Ripple team has not yet made a statement about the attack allegations, the value of XRP fell after the news of the attack. According to TradingView data, XRP lost about 3% on a daily basis and more than 4% on a weekly basis.

This latest incident in the cryptocurrency world continues to worry investors and cryptocurrency followers, while uncertainties about Ripple’s future have also come to the fore. Ripple is expected to increase its security measures and restore confidence to investors after the incident.

The post BREAKING NEWS | Was Ripple (XRP) Hacked? appeared first on Coin Engineer.