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The cryptocurrency market is abuzz with the meteoric rise of $MANEKI, a token that has skyrocketed by over 30,000% since its inception. 

In the past 24 hours alone, the price of Maneki has surged by an impressive 50%, with its market capitalization reaching $192.6 million, and it is currently trading at $0.02167.

Recent data from dex screener highlights the remarkable performance of Maneki, cementing its position as one of the hottest assets in the crypto space. However, amidst this surge, traders and holders of the Maneki token are advised to closely monitor the activity of seven specific wallets.

The price of $MANEKI has increased by more than 30,000% since its launch!

If you hold $MANEKI or want to buy $MANEKI, you must pay attention to these 7 wallets.

These 7 wallets(possibly belonging to the same person) spent 3,388 $SOL($525K) to buy 3.99B $MANEKI (44.9% of the… pic.twitter.com/19vTM3Pjpk

— Lookonchain (@lookonchain) April 25, 2024

These seven wallets, believed to possibly belong to the same individual, made a significant splash in the Maneki ecosystem shortly after its launch. 

In a swift move, they collectively spent 3,388 $SOL ($525,000) to acquire a staggering 3.99 billion $MANEKI tokens, representing a significant portion of the total token supply. What’s more intriguing is that this acquisition occurred within a mere minute of Maneki’s online debut.

$MANEKI Token Distribution Wallets To Monitor 

Following the acquisition, these wallets proceeded to distribute the acquired 3.99 billion $MANEKI tokens across nearly 100 new wallets. 

Remarkably, they opted not to sell any portion of their holdings, demonstrating a long-term investment strategy. 

At current prices, the distributed tokens are valued at approximately $88 million, underlining the substantial impact of these whales’ activities on the Maneki ecosystem.

As Maneki continues to capture the attention of traders and investors with its unprecedented price surge, the actions of these key wallets serve as a focal point for market participants. 

Their significant holdings and strategic distribution of tokens without selling underscore the potential for further growth and development within the Maneki community.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: dvigalet/123RF // Image Effects by Colorcinch

The post Maneki Token Surges By 50% In 24 Hours Amidst Whales’ Activity appeared first on The Merkle News.

The post BONK Price Leads Memecoin Rally with a 122% Increase, Surpassing PEPE appeared first on Coinpedia Fintech News

Despite recent market turbulence, meme coins on the Solana network defy the trend, showing resilience and significant gains. Bonk (BONK) stands out with a remarkable 130% surge in 12 days, while PEPE lags with 109.8% gains.

This surge reflects investor sentiment shifting towards higher-risk assets, especially as the Bitcoin craze fades and the market becomes more favorable for meme coins. Bonk’s performance surpasses meme coins like Dogwifhat (WIF) and Shiba Inu (SHIB), indicating growing investor confidence in the meme coin sector.

So what next for BONK, Let’s dive in. 

is the BONK Price in a buying zone?

Despite its rapid surge, technical analysis indicates that BONK still has room for further growth, particularly if leading cryptocurrencies like Bitcoin and Ethereum regain momentum. The Bollinger band analysis suggests that BONK is approaching a crucial resistance level at $0.0000028, and a breakthrough could propel its price to new highs above $0.000030.

However, there are potential downfalls. BONK could face a reversal if BTC and ETH continue to struggle, leading to a pullback towards key support levels. Investors should closely monitor these levels, particularly at $0.0000216 and the $0.0000152 to $0.0000186 range, as they could present buying opportunities in case of a dip.

Despite these risks, BONK’s strong social dominance and robust trading volume indicate sustained interest from investors. This suggests that BONK may continue to attract attention, especially if market conditions improve.

While BONK has shown significant upside potential in recent weeks, investors should remain cautious and stay informed about market dynamics. By staying vigilant and managing risks effectively, investors can capitalize on potential opportunities while navigating the cryptocurrency market’s volatility.

What to expect from BONK Price?

Memecoins are playing smart and most Solana-based coins are getting investor attention all due to the low risk and quick profit. Interestingly, BONK’s price is showing potential for gains. But you need to look for an opportunity to buy if it dips to around $0.0000216 or between $0.0000152 and $0.0000186. If it breaks above $0.0000245, it could keep going up, possibly reaching $0.0000299, then even higher to $0.0000342 and $0.0000373. 

Investors who are still interested in BONK need to be careful if it doesn’t attract buyers around $0.0000152 to $0.0000186, as this could indicate a weak market. Keep an eye on these levels to make smart investment choices.

The post Celsius Loan Creditors Consider Appeal Against Restructuring Plan Over Alleged Unfair Treatment appeared first on Coinpedia Fintech News

Celsius loan creditors are unhappy with the restructuring plan proposed by the bankrupt cryptocurrency lender Celsius (CEL), expressing concerns over its fairness and consideration of their claims. 

According to reports, these creditors believe the restructuring plan disproportionately favors some creditors over others, potentially leading to lower recoveries for loan service users.

Objections to the Restructuring Plan

The creditors are reportedly considering filing an appeal against the current plan due to perceived unfair treatment. They argue that the court’s decision to allocate $225 million of funds for company capital rather than repaying bonds is unjust, pointing out discrepancies in the recovery rates between different creditor groups. 

Loan creditors are discussing filing appeals based on these claims with multiple lawyers. The Bankruptcy Code imposes strict deadlines for appeals, generally requiring them to be filed within 14 days of the judgment, order, or decree. 

According to Weil Restructuring, the Bankruptcy Court can extend this deadline in certain cases, but the process is complex and subject to “excusable neglect.” 

Concerns of Celsius Loan Creditors

One of the key complaints from loan creditors is the perceived disparity in treatment between customers of Celsius Earn, an interest-yielding crypto account, and Celsius Loan, a collateralized crypto loan service. 

Earn creditors had their claims processed earlier, leading to higher recoveries, while loan creditors faced significantly lower payouts, with some reportedly receiving less than 30% of what they believed they were owed.

Another concern revolves around the court’s decision to use a significant portion of the bankruptcy estate to capitalize a new mining entity rather than allocating those funds toward enhancing creditors’ recoveries. This move has left loan creditors feeling that their interests are not being adequately considered.

What will be its impact on Creditors?

The uncertainty surrounding the restructuring plan and the potential appeals has raised questions about the true value of creditors’ crypto holdings and how they should be returned. 

Given the strict deadlines for filing appeals and the complexities of bankruptcy law, creditors seeking legal recourse face significant challenges. 

Celsius loan creditors are seeking legal advice on appealing the restructuring plan, arguing that it disproportionately benefits certain groups while disadvantaging others. As they explore their options, the outcome of this legal challenge could have significant implications for the bankruptcy case and the broader crypto community.

BillEase, a buy now, pay later (BNPL) app and consumer finance platform in the Philippines, announced a $5 million investment from Saison Investment Management Private Limited (SIMPL), the offshore lending arm of Saison International Pte. Ltd. This funding is part of an expansion that doubles… Read More

Digital transformation is the name of the game — and that’s great news for Microsoft.

The company, which reported its Fiscal Year 2024 Q3 earnings results on Thursday (April 25), has seen ongoing enterprise digitization fuel a greater appetite across the business landscape for innovations like artificial intelligence (AI) and cloud services — innovations that Microsoft is more than happy to provide to its customers.

“Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry,” said Satya Nadella, chairman and chief executive officer of Microsoft. “More than 65% of Fortune 500 companies now use Azure’s Open AI service.”

“This quarter Microsoft Cloud revenue was $35.1 billion, up 23% year-over-year,” emphasized Amy Hood, executive vice president and chief financial officer of Microsoft.

Per its financial results, Microsoft saw a growth of 31% in its Azure unit and said 7% of that total was from AI. 

The company’s productivity and business processes segment, which encompasses the Office suite of applications, LinkedIn and Dynamics, also saw impressive gains, generating $19.6 billion, up 12% from the same period last year. 

The continued integration of AI and machine learning into these platforms has enhanced their appeal to both individual and corporate users, contributing to their growth.

“It’s important to think about every business function that can be impacted by AI and cloud, and the opportunity is significant,” Hood said.

Read more: Bite-Sized AI: Why Smaller Models Like Microsoft’s Phi-3 Are Big for Business

Microsoft is Scaling Investments in AI Amidst Growing Demand 

Microsoft announced Thursday it had beat Wall Street analyst estimates for both its latest earnings and its revenue, and the company’s shares rose around 5% in early after-hours trading. 

The tech giant’s ability to outperform amidst economic uncertainties has solidified its position as a leader in the technology sector, showcasing the effectiveness of its diversified business model. Over the past fiscal year, Microsoft’s stock has climbed more than 40%, emphasizing its pole position within the AI arms race.

It’s a position that Microsoft has indicated to investors that it will continue to spend billions on to maintain, with upcoming capital expenditures geared toward establishing the appropriate levels of infrastructure needed to accommodate the booming appetite for AI’s hot technology.

PYMNTS wrote late last month about Microsoft and OpenAI’s $100 billion data center project, which involves an AI supercomputer named “Stargate,” set to launch in 2028. 

The company is also investing $2.9 billion into expanding its cloud and AI infrastructure in Japan, as well as launching a new AI hub in London. Microsoft also this month invested $1.5 billion in Abu Dhabi-based AI firm G42. 

“Priority one is ensuring that we have the capacity to support our per-user AI and cloud products,” Hood said. 

That’s because embracing AI transformation has become a priority for organizations around the world seeking to unlock AI opportunities.

Read more: Microsoft’s ‘iPhone Moment’ Could Come From AI

And as executives repeatedly stressed to investors, the growing appetite for AI and cloud-driven transformations is going to result in a foundational phase shift across the ways in which enterprises operate.

“Culture and process change inside of organizations is crucial … companies have to take a process, simplify it, automate it and then apply these solutions — which requires companies to culturally change how they adopt technology to drive performance,” Nadella said during the call, explaining that an AI Copilot on every desk, every device and across every role is core to Microsoft’s mission to empower every person and every organization on the planet to achieve more.

“We are also taking our own medicine to apply this internally,” he added.

Executives on the call pointed to a new $1.1 billion, five-year strategic partnership announced Tuesday (April 23) between The Coca-Cola Company and Microsoft to accelerate cloud and generative AI initiatives as an example of both the growing demand for AI-led enterprise optimizations. 

Through the partnership, the companies will jointly experiment with groundbreaking new technology like Azure OpenAI Service to develop innovative generative AI use cases across various business functions. This includes testing how Copilot for Microsoft 365 could help improve workplace productivity, according to a statement from Microsoft.

“Microsoft’s capabilities help accelerate our adoption of AI to create incremental enterprise value,” said Neeraj Tolmare, senior vice president and global chief information officer for The Coca-Cola Company. 

The post Microsoft: Unlocking AI Benefits Will Require Cultural Changes for Enterprises appeared first on PYMNTS.com.