Latest news with #INIT
Business Upturn
22-05-2025
- Business
- Business Upturn
Crypto market: Bitcoin tops $109K; PEPE, DOGE rally while HAEDAL leads top crypto gainers
By News Desk Published on May 22, 2025, 05:39 IST Bitcoin (BTC) surged past the $109,000 mark on Wednesday, registering a 2.66% rise over the past 24 hours to trade at $109,614.05. This marks a significant psychological breakout for the world's largest cryptocurrency and reinforces bullish sentiment in the digital asset market. Ethereum (ETH) also posted moderate gains, up 1.01% at $2,547.20. Among major altcoins, Solana (SOL) advanced 3.12% to $173.51, while meme coins like PEPE and DOGE climbed 4.18% and 4.15% respectively, showing strong retail interest. Top gainers HAEDAL skyrocketed by 71.58% to $0.1769, topping the list of best-performing tokens. COOKIE followed with a 42.18% surge, and 1000SATS jumped 20.04%. Other notable gainers included INIT (+19.12%), COW (+15.98%), and WIF (+14.23%). Top losers On the flip side, WCT plunged 17.38% to $0.6038, making it the worst performer of the day. SXT dropped 9.09%, followed by EPIC which slid 7.32%. Other notable laggards included SYRUP (-4.83%), ATA (-4.80%), and FORTH (-4.70%). With Bitcoin reclaiming six-figure territory, all eyes are now on whether this rally can sustain and pull the broader altcoin market along. Disclaimer: Cryptocurrency markets are highly volatile and involve significant risk. This article is for informational purposes only and does not constitute investment advice. News desk at
BusinessToday
26-04-2025
- Business
- BusinessToday
Crypto Market: Altcoin Season Slows, Bitcoin Leads
The global cryptocurrency market cap currently stands at US$2.91 trillion, reflecting a minimal 0.04% drop over the last 24 hours. Despite this slight decrease, the market remains robust with an impressive 24-hour trading volume of US$94.01 billion. Bitcoin continues to hold the largest share of the market, commanding 63.4% dominance, followed by Ethereum at 7.2%. In terms of trending coins, SUI has gained notable attention, rising by 9.61% to $3.31, while ONDO saw a 6.29% increase, priced at US$0.9559. SUI, ONDO, INIT, ADA, and POL lead the charge in trending cryptocurrencies. INIT has posted the most impressive growth among them, surging 19.41% to US$0.7753. The Fear & Greed index remains neutral at 52, indicating market indecision as traders await further signals. Altcoin season has cooled off, sitting at a 17 out of 100, as Bitcoin's dominance continues to overshadow altcoins. Bitcoin's price has climbed slightly, reaching S$93,177.31, up by 0.12% in the last 24 hours, with a market cap of US$1.85 trillion and a 24-hour trading volume of US$33.7 billion. Ethereum has experienced a 2.21% uptick, priced at US$1,750.19, with a market cap of US$211.28 billion. XRP and BNB also saw positive movement, increasing by 1.39% and 1.07% respectively. In other news, a new Bitcoin giant, Twenty One Capital, backed by Tether and SoftBank, is launching with over 42,000 BTC (worth US$3.6 billion). The firm, led by Strike's Jack Mallers, aims to rival Michael Saylor's Bitcoin strategy and is set to go public under the ticker XXI. This is one to watch as the competition heats up in the crypto space. Despite slight fluctuations, the crypto market remains dynamic with coins like SUI, INIT, and POL gaining traction. As Bitcoin maintains its dominance, the market's overall sentiment appears neutral, with traders eyeing further developments, particularly in the face of new entrants like Twenty One Capital. Related
Business Upturn
24-04-2025
- Business
- Business Upturn
BYDFi Launches DOLO/USDT and INIT/USDT with a $10,000 Prize Pool
VICTORIA, Seychelles, April 24, 2025 (GLOBE NEWSWIRE) — The global crypto exchange BYDFi announced the official listing of Dolomite and Initia tokens, now available for spot trading under the pairs DOLO/USDT and INIT/USDT. To celebrate the launch, BYDFi has introduced a $10,000 prize pool, giving all participants the opportunity to earn rewards by trading. $DOLO: A Core Asset in the Berachain Ecosystem $DOLO is the native token of the Dolomite protocol, serving key functions in governance, liquidity incentives, and risk hedging. Dolomite is a decentralized finance (DeFi) platform built on Berachain that integrates a DEX module, enabling users to stake, lend, vote, and earn yield — all while maintaining full control of their assets, even when borrowing. Since its inception in 2018, Dolomite has become one of Berachain's leading lending protocols, known for its virtual liquidity model, multi-layered reward system, and cross-protocol compatibility. Its co-founder, Corey Caplan, now serves as the Head of Technical Strategy for the Trump-affiliated DeFi initiative World Liberty Financial (WLFI), helping evolve Dolomite's technical framework. The project has raised over $3.4 million from prominent investors, including Coinbase Ventures, NGC Ventures, and Polygon. $INIT: A Modular Layer 1 Built for the Future Initia ($INIT) is a modular Layer 1 blockchain powered by the Omnitia Consensus mechanism and built using the Initia Interwoven Stack. It is designed to overcome scalability limitations in traditional blockchains and enable seamless cross-chain interoperability and resource sharing. With innovations like Gas Abstraction and a dual-deflationary token model, Initia enhances overall performance and security while significantly lowering the user barrier to cross-chain operations. With innovations like Gas Abstraction and a dual-layer deflationary mechanism, INIT enhances performance, security, and cross-chain interoperability. Backed by leading VCs like Delphi Digital, Hack VC, and Theory Ventures, Initia has attracted over 5,000 developers, with a project valuation of $250 million. Multiple Rewards Now Live on BYDFi Starting today, users who trade DOLO/USDT and INIT/USDT on the BYDFi platform will not only have a chance to share in the $10,000 prize pool, but can also participate in the following limited-time bonus campaigns: More details are available on BYDFi's official platform. About BYDFi Founded in 2020, BYDFi has been recognized by Forbes as one of the Top 10 Global Crypto Exchanges and is officially listed on CoinMarketCap and CoinGecko. Serving users in 190+ countries, the platform is trusted by over 1,000,000 users worldwide. As an official sponsor of Token2049 in Dubai, BYDFi welcomes users and partners from around the world to connect in person and discuss the future of Web3. BYDFi is committed to delivering a world-class crypto trading experience for every user. BUIDL Your Dream Finance. Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Int'l Business Times
23-04-2025
- Health
- Int'l Business Times
Embalming And Make-up: Pope's Body Prepared For Lying-in-state
Ahead of his lying-in-state, Pope Francis's body was made ready to withstand Rome's warm spring weather with a temporary embalming and a touch of make-up, an expert told AFP. The body of the 88-year-old, who died on Monday, will be on display for three days in Saint Peter's Basilica from Wednesday before his funeral on Saturday. With thousands of worshippers expected to queue up to bid him farewell, steps have been taken to avoid decay, as with previous popes. Francis's body underwent a temporary embalming process known as thanatopraxy, according to Andrea Fantozzi, founder of the Italian National Institute of Thanatopraxy (INIT). "It involves the injection of preservative liquids through the circulatory system, followed by aesthetic care of the face and hands," Fantozzi told AFP. "The goal is to slow down the natural processes of decomposition." The procedure, which uses a chemical fluid, has to be carried out within 36 hours of death and takes several hours. Its effect -- a more serene and natural appearance of the deceased -- lasts up to 10 days, Fantozzi said. The Vatican published the first images Tuesday of the pontiff in his open coffin, wearing his red papal vestments, a mitre on his head and a rosary between his fingers. The images came from a Monday evening service in the chapel of Casa Santa Marta, the Vatican residence where he lived during his 12-year papacy, and where he died. Fantozzi declined to confirm whether he carried out Francis's embalming, citing privacy concerns and Vatican protocol provisions. The Vatican declined to comment. On its website INIT lists Pope John Paul II and late opera great Luciano Pavarotti among the notable figures attended to by its experts. Italian media reported that Fantozzi oversaw the embalming of Francis's predecessor, Benedict XVI, who died in 2022 almost a decade after resigning as pope. Besides for lying-in-state, temporary embalming is used for funeral wakes, body repatriations and niche burials to offset possible spillage and gas releases caused by decomposition, Fantozzi said.
Gulf News
23-04-2025
- Health
- Gulf News
Embalming and make-up: Pope Francis' body prepared for lying-in-state
Rome: Ahead of his lying-in-state, Pope Francis's body was made ready to withstand Rome's warm spring weather with a temporary embalming and a touch of make-up, an expert told AFP. The body of the 88-year-old, who died on Monday, will be on display for three days in Saint Peter's Basilica from Wednesday before his funeral on Saturday. With thousands of worshippers expected to queue up to bid him farewell, steps have been taken to avoid decay, as with previous popes. Francis's body underwent a temporary embalming process known as thanatopraxy, according to Andrea Fantozzi, founder of the Italian National Institute of Thanatopraxy (INIT). "It involves the injection of preservative liquids through the circulatory system, followed by aesthetic care of the face and hands," Fantozzi told AFP. "The goal is to slow down the natural processes of decomposition." The procedure, which uses a chemical fluid, has to be carried out within 36 hours of death and takes several hours. Its effect -- a more serene and natural appearance of the deceased -- lasts up to 10 days, Fantozzi said. The Vatican published the first images Tuesday of the pontiff in his open coffin, wearing his red papal vestments, a mitre on his head and a rosary between his fingers. The images came from a Monday evening service in the chapel of Casa Santa Marta, the Vatican residence where he lived during his 12-year papacy, and where he died. Fantozzi declined to confirm whether he carried out Francis's embalming, citing privacy concerns and Vatican protocol provisions. The Vatican declined to comment. On its website INIT lists Pope John Paul II and late opera great Luciano Pavarotti among the notable figures attended to by its experts. Italian media reported that Fantozzi oversaw the embalming of Francis's predecessor, Benedict XVI, who died in 2022 almost a decade after resigning as pope.
