As one of crypto’s privacy coins, Monero is more needed than ever. Why? Because governments are introducing spy-orientated CBDCs (Central Bank Digital Currencies). But recent development and price action have been unimpressive. Ethereum continues to be the second-largest crypto and has recently crossed the psychological $2k barrier. Meme Moguls, an intriguing new play-to-earn game and community being built on Ethereum, has just moved from beta to stage one of its presale.
Monero Stays Quiet After the Hack
Monero hasn’t posted on X since August. Which is equivalent to a year in crypto time! We can see that there has been more recent activity in their development, with the most recent commitment being three weeks ago. This may have been something big or small but seems to have been a bug fix.
And in further bad news for Monero, the community crowdsourced wallet was hacked and drained at the start of November, meaning fewer funds for Monero developers and implying a hole in their security. Could government agencies against personal privacy be behind the Monero attack?
Monero is up by a mere 7% on the monthly, which is unimpressive when compared to the overall gains of the crypto market.
BlackRock Goes All In on Ethereum
As the crypto market turns green again, Ethereum is at the forefront, being the base for many dApps and Layer 2 blockchains. Apart from all the projects being built on Ethereum, there is another reason for the recent gains. And that is because BlackRock just made a big move into Ethereum, filing to launch a new spot ETF for the leading altcoin. This ETF would let investors get direct exposure to Ethereum’s price action without actually having to own any.
The BlackRock spot Bitcoin EFT is what many believe has caused the start of this crypto rally.
BlackRock is clearly betting big on crypto, doubling down despite the SEC dragging its feet on approving spot ETFs in the past. But after a recent court ruling, the SEC can’t use its typical excuses about potential manipulation and sketchiness to block spot crypto funds anymore.
Now BlackRock sees its chance to let regular investors get skin in the game on “spot” Ether instead of futures contracts.
BlackRock’s move could signal growing mainstream comfort with blockchain assets. Take that, Bitcoin maxis!
Meme Moguls – The Next Big Memecoin Built for Community
Meme Moguls is one of several great projects being built on Ethereum right now. As anyone who has spent time in a crypto bull run will know, Bitcoin and Ethereum are the first to rise, then the altcoins, followed by play-to-earn (P2E) games, and memecoins.
The trick with memecoins is to know which ones are going to be big, and which ones will be duds. And to be early. Yes, Doge and Shiba are likely to rise again if we see a massive bull run, but there are much bigger gains to be found with smaller coins. And this is one of the cool features of Meme Moguls.
The platform has two fun P2E games, but what really makes it special is the way that it brings together the meme community, along with trading insights and analysis, and MGLS rewards for participation. Crowdsourcing knowledge is the best way to learn what’s new and hot (and not!), and that’s what Meme Moguls will achieve.
The included games will spur on competition and reward players with status and MGLS, memes and prizes which will keep things exciting.
MGLS has just sold out of the beta stage of its presale, moving onto stage one, and has a lot more room for growth. Currently, the token can be bought at $0.0021, with the team giving away $10,000 at the end of each presale stage. So MGLS is the next meme coin to look at, and it is extra bullish due to how early holders are.
