The post Anticipated Altcoin Was Reportedly Listed by Coinbase: However, the Truth Is Quite Different appeared on BitcoinEthereumNews.com. The cryptocurrency community experienced a brief moment of panic today. A rumor spread rapidly on social media claiming that Coinbase had mistakenly announced the upcoming Open Sea (SEA) ICO. The deleted post detailed a fully diluted market capitalization (FDV) of $3 billion, a total offering of $10 billion, and a fundraising target of $150 million. Given current market conditions, these figures struck many investors as “overinflated.” For comparison, BLUR has a valuation of approximately $120 million, while ME has a valuation of approximately $350 million. Related News: Major Financial Firm BTIG Reveals Its Expectations for the Bitcoin Price This pricing, it's alleged, has led to speculation that the token would need to trade well above $0.30 in the premarket, making the $150 million target unrealistic. Some analysts even suggested this scenario could create a “shorting opportunity.” After a brief period of chaos, the claim was proven false. A parody account named “doomer” posted a completely humorous post claiming that Coinbase would launch an ICO for OpenSea. Despite this, the joke was perceived so realistically that the probability of a SEA token launch jumped from 3% to 55% on the prediction market. Once the situation became clearer, the odds dropped back to 5%. *This is not investment advice. Continue Reading: Anticipated Altcoin Was Reportedly Listed by Coinbase: However, the Truth Is Quite Different Source: https://en.bitcoinsistemi.com/anticipated-altcoin-was-reportedly-listed-by-coinbase-however-the-truth-is-quite-different/The post Anticipated Altcoin Was Reportedly Listed by Coinbase: However, the Truth Is Quite Different appeared on BitcoinEthereumNews.com. The cryptocurrency community experienced a brief moment of panic today. A rumor spread rapidly on social media claiming that Coinbase had mistakenly announced the upcoming Open Sea (SEA) ICO. The deleted post detailed a fully diluted market capitalization (FDV) of $3 billion, a total offering of $10 billion, and a fundraising target of $150 million. Given current market conditions, these figures struck many investors as “overinflated.” For comparison, BLUR has a valuation of approximately $120 million, while ME has a valuation of approximately $350 million. Related News: Major Financial Firm BTIG Reveals Its Expectations for the Bitcoin Price This pricing, it's alleged, has led to speculation that the token would need to trade well above $0.30 in the premarket, making the $150 million target unrealistic. Some analysts even suggested this scenario could create a “shorting opportunity.” After a brief period of chaos, the claim was proven false. A parody account named “doomer” posted a completely humorous post claiming that Coinbase would launch an ICO for OpenSea. Despite this, the joke was perceived so realistically that the probability of a SEA token launch jumped from 3% to 55% on the prediction market. Once the situation became clearer, the odds dropped back to 5%. *This is not investment advice. Continue Reading: Anticipated Altcoin Was Reportedly Listed by Coinbase: However, the Truth Is Quite Different Source: https://en.bitcoinsistemi.com/anticipated-altcoin-was-reportedly-listed-by-coinbase-however-the-truth-is-quite-different/

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more