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Crypto Market Gains $52 Billion, Return to $1 Trillion+ Cap in Sight Following News Celsius is SAFE, and Preparing their COMEBACK...

Celsius crypto platform saved

In recent weeks, headlines have speculated on the 'collapse' of the loan company Celsius, calling it 'on the edge of a cliff'' and a 'ticking time bomb'.

This sparked fear even in those with no funds held by Celsius - with $8 billion lent out and another $12 billion in assets, if they failed, the effects would be felt throughout the entire market. 

However - it now appears Celsius has avoided catastrophe, and will be among crypto winter's survivors...

Celsius had invested customer funds in many decentralized finance (DeFi) protocols, including Compound, Aave, and MakerDAO.

At the pinnacle of the company's turmoil, Bitcoin would need to drop to about $9,000 for the company's collateral to be fully depleted, triggering the liquidation of their assets.

After spending the last three days settling over $140 million in outstanding loans with MakerDAO, the risk level has been reduced by nearly half - Bitcoin's price would need to drop to $4,996 in order for Celsius to face liquidation.

No technical analysis method predicts a price that low, thus Celsius appears to officially be in the clear. 

Celsius continues to take steps in the right direction...

Customers of Celsius are sharing a sense of comfort upon hearing this latest news. Since June 13, they have been unable to withdraw their cash or move funds to other accounts due to the company's liquidity crisis.

Seen by inspecting one of Celsius' Ethereum addresses on a block explorer, they are also transferring funds to other DeFi platforms where they have commitments, such as Compound and Aave.

At least currently, it appears Celsius is truly striving to restore services to it's customers and return to regular operations as soon as possible. 

Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

Swiss Consortium Chooses Sunny Central American Nation of El Salvador to Launch Fully SOLAR POWERED 'Green' Bitcoin Mining...


Solar bitcoin mining

One year after the adoption of Bitcoin as an official currency, the town of Chalatenango in the north of El Salvador will host the first private, solar powered bitcoin mining farm in the Central American nation.

The funding comes via a Swiss consortium working with Salvadorian Josué López, who is originally from the town, and has chosen to invest in his home nation.

Highlighted in red, Chalatenango is the nation's most north region.

A 6 megawatt photovoltaic solar power farm will mine Bitcoin entirely on renewable natural resources...

The first piece of the foundation of the photovoltaic plant that will provide energy to the bitcoin mining farm was placed yesterday at the "Anchor I" project, which is located in the Chalatenango province's El Gavilán canton.

Ambassador Mayorga tours the future site of solar Bitcoin mining farm.
Milena Mayorga, the El Salvadorian ambassador to the United States, attended the occasion and revealed on Twitter that the renewable energy park's initial investment is $4 million, despite the fact that it is anticipated that the first stage will cost USD 15 million.

"Perhaps this is the largest private investment ever reported in Nueva Concepción, Chalatenango" remarked Ambassador Mayorga, adding that 200 million USD will be invested in the region.

Author: Fernando Perez
Latin America Newsdesk | Mexico City
Breaking Crypto News

SEC Chair Shares His Outlook on New Regulations, and Why He Believes Many Projects Are Already "Non-Compliant' with Existing Regulations...

SEC Chair Gary Gensler talks potential regulation over cryptocurrencies, a crypto-backed ETF and more. 

"When there's a group of entrepreneurs that are selling something to the public saying 'we've got this great idea' when you do that you have to have basic disclosures, full and fair disclosures." says Gensler.

While this currently presents another bump in the road, most analysts believe that once the government makes the rules clear, and removes the mystery around 'how will they regulate crypto' - there are billions waiting to flow in to the market.

Video Courtesy of CNBC


Luna Classic to Call Largest New Metaverse Home: LUNC Accepted as Payment within StarShip Universe with 1.2% Tax Burn...

StarShip metaverse - deploystarship

(Global Crypto Press
Last month the depegging of the stablecoin UST from the dollar sent shockwaves through the crypto community, as it triggered its partner token, LUNA, to algorithmically print trillions of tokens to maintain balance. This flood of supply left many holders faced with a harsh reality as billions of dollars in value were wiped out in days.

Holders of LUNA pleaded with Do Kwon, CEO of Terraform Labs, to burn some of the surplus LUNA, hoping that this would begin to regain UST’s peg and recover LUNA’s value. Kwon instead announced plans for a hard fork, designating LUNC as the original token with the original supply and stablecoin pairing, and creating a new token, LUNA, with a supply of 1 billion and no stablecoin pairing. Though this hard fork was supported with a majority vote among validators with governance—and subsequently launched on May 28th—the vote among popular polls with non-validators was said to be overwhelmingly against the proposal, with most token holders redoubling their call to instead burn the excess supply.

As Kwon continues to move forward with Terra 2.0, the now community-driven LUNC intend to right the course of the token’s activity and use case, with or without the support of its original creator. The community have already connected with StarShip CEO Matt Albright to forge a new path forward.

StarShip is a quickly growing ecosystem built around a solid foundation of collaborative, loyal businesses and passionate community members. Their whitepaper opens with the statement that “community is at the heart of [its] currency”, and the vibrant culture of partners and projects surrounding the StarShip NFT Game and StarShip’s strong liquidity pool pairings are already a testament to their dedication to this mission.

Recently StarShip unveiled a trailer featuring actual in-game footage of what will be the largest metaverse in existence to date. Built on the powerful new Unreal 5 engine and boasting 32,000 square kilometers of buildable space, the size of this MetaUniverse will allow room for unparalleled long-term growth and opportunity. As a result of LUNC’s new collaboration with StarShip, LUNC will be implemented into the StarShip ecosystem as one form of payment within StarShip Universe, burning 1.2% of all LUNC received for these payments.  

In related news, the 1.2% burn tax mechanism put forward in LUNC’s Prop 3568 was successfully passed on Sunday. This will begin to reduce the supply of existing tokens as they are circulated, which comes as great news to its loyal holders. Finding a strong use for LUNC comes at an opportune moment. As StarShip welcomes the Luna community, this collaboration strengthens the foundations of both ecosystems.

Luna community members eager to learn more about StarShip can visit www.deploystarship.com
Or follow @DeployStarShip. on Twitter, Instagram and Facebook.

Matt Albright, CEO matt@deploystarship.com
Pedro Oliveira, Terra Rebels serapholiveira@gmail.com

Information Provided via Press Release
The Global Crypto Press Association Crypto Press Release Distribution Services


Viewpark / Soundpark

VIEWPARK X SOUNDPARK New York based virtual global media companies announced a partnership with Brooklyn’s own modern day crypto artist, Zuay Thompson. 

Zuay Thompson

Zuay’s new single BUY THE DIP represents the new wave of hip-hop with melodic, deep musical vocals backed by strong, raw New York beats.

Born in Park Slope, New York, Zuay’s melodic cadences and his stream of consciousness writings create a romantic dichotomy between the New York hustle and his own peace of mind. His understanding of internal and external reflection mixed with his 9 to 5, 5 to 9 attitude allows his music to control a broad range of emotions both light and dark. From songs projecting his rockstar energy and bold approach to life, to songs that combine honesty with deep solitary rumination, Zuay Thompson is a force to be reckoned with.  

Zuay has worked with top producers such as Fast Life Beats, ALau and CashMoneyAP, while collaborating with New York artists such as Jay Critch and Splash Gordan. While not in a studio, Zuay is in school and works with his in-house creative team BYO Compound.

After meeting through New York celebrity stylist Eddie Wunderlich, SOUNDPARK’s Co-Founder, Krysanne Katsoolis instantly knew that Zuay would be a hit with his clever word play and Brooklyn NY swagger that is a perfect marriage between Web 3, Cannabis and New York based Hip-Hop.  

Joseph Clarke, President of SOUNDPARK says, “Zuay to me represents the future of Hip-Hop and BUY THE DIP is the perfect crypto anthem for this generation. I could tell instantly that Zuay is a star and has what it takes to be competitive against anybody on top of the music industry right now. When I first met Zuay and Liam Wahl, BYO Compound’s COO, in my office I was shocked to see how humble they both were. They are both very creative, very business savvy and have their minds wrapped around the bigger picture. Zuay has real a passion for the hip-hop culture, and they are both businessmen not just amazing artists which is another reason SOUNDPARK supports them 1000 percent!”

Zuay Thompson/Liam Wahl says, With the music space shifting so rapidly, we’re excited to work with SOUNDPARK/VIEWPARK and develop an experience where music exists not only in a physical reality but in a virtual reality as well. Zuay's music hits so many levels within the culture. By blending crypto, hustle, music, and style, Zuay is unapologetically himself as he paves his own lane.

VIEWPARK’s CEO, Krysanne Katsoolis, comments, “Zuay exudes star quality. Not only are his lyrics catchy, current and relevant for a web3 generation, but he also has a unique stand-out style which together with his music will make him an international star.  We couldn’t be prouder than to work with Zuay and Liam to bring “Buy the Dip” to the world.”

VIEWPARK GROUP is a media and technology investment company for a Web3 world. Its founder and CEO, Krysanne Katsoolis has led media ventures for more than 20 years curating and distributing content across all verticals.  Katsoolis’ experience includes building both private and public companies including spearheading a reverse merger onto NASDAQ. 


SOUNDPARK is a VIEWPARK company which represents and produces soundtracks, theatrical scoring, music artists and events in the universe and for the metaverse. SOUNDPARK is headed by Hip-Hop artist Joseph “Capital L.S” Clarke formerly of the group Rumpletilskinz signed to RCA records in 1993.    https://thesoundpark.co

BYO is a multimedia, clothing brand and production house, working with fashion/music and video

For more information, contact: 
Joseph Clarke
President, SOUNDPARK
+1 929 383 8852

Information Provided via Press Release
The Global Crypto Press Association | Crypto Press Release Distribution

Why Lawsuit Against Elon Musk for Dogecoin Losses is Absolutely IDIOTIC...and Baseless.

Video Courtesy of Law & Crime Network

With crypto going mainstream came a flood of people of all varieties, which unfortunately includes an array of idiots and crooks... we're not yet sure one describes Keith Johnson, the man suing Elon Musk after buying Dogecoin 'at the top'. 

First let's ignore that EVERY market is suffering right now - Amazon is down over 30% in the last 6 months, but 6 months ago it was often still a recommended 'buy' according to financial experts with credentials much more relevant to investing than Elon's.

Ask yourself - how much research into crypto would someone need to do before they learned it could be a 'risky' investment and highly volatile? I'd bet within the first 5 minutes of reading into the topic.

We have reached out to Law firm representing Mr. Johnson in this lawsuit, and asked them or their client to comment on the following factors:

The complaint establishes the odd timeline themselves by writing in the complaint that "Defendants were aware since 2019 that Dogecoin had no value yet promoted Dogecoin to profit from its trading".  Specifically April 2019 is when Elon first mentioned Dogecoin on Twitter.

The problem is - Dogecoin was worth $0.002 when Elon first Tweeted about it April 2019, and an entire year later by April 2020 it had only gained a little over 25%  - so it was still very inexpensive at just $0.0026.

So lets go with the idea that your client truly believes in following Elon Musk, or rich people in general.  But does he really? Because he could have waited nearly 2 years to buy dogecoin, and get it for just 1 cent at the beginning of 2021.

In other words, you could have first learned of Dogecoin from Elon in 2019, then spend the next 19 months seeing him occasionally mention it, and finally after 20 months of deliberating - decide to buy some Dogecoin... and you would HAVE A 500% RETURN ON INVESTMENT (1 cent on Jan 1st 2021 to 5 cents today).

Even those who waited a full year after Elon began mentioning it would have $28,000 for every $1000 invested (from 0.002 to 0.0587 at the time of writing this)

Also, we know of no transaction on the publicly available blockchain that stands out as a billionaire ditching their coins, all at once or over time.  But that doesn't mean it would be impossible to do 'under the radar' either. So for the sake of argument let's say Elon can prove he bought Dogecoin but never sold any.  That would mean you're attempting to sue the first ever pyramid scheme mastermind who forgot the main part of the scam - to profit.

However it's very possible he hasn't sold any, keeping in mind that Elon is likely among those who got in at 0.002 and is still well into the profit zone on this investment today. But your lawsuit describes a malicious manipulative person who certainly would have been selling at the top and all the way down.

There's a good chance he didn't - what would your case be then? 

We'll let you know when/if we receive a response. 

Global Crypto Press 
Silicon Valley Team

Cypher Token - 17% Hyper-Reflection Token Officially Lists for Presale on PinkSale.Finance...

Cypher token

NEW YORK, NY (CryptoPress Newswire) - Cypher Token (CPHR) has officially been listed on
 PinkSale.Finance. The listed presale will take place on June 17th at 19:00 UTC / 15:00 EST. The initial token launch of 20.1875 trillion tokens is at a rate of 200 billion tokens per BNB. The presale is open to darklisted wallets for the first 5 minutes and the general public thereafter with a minimum buy of 0.1 BNB and a maximum of 0.5 BNB. There is a hardcap of 125BNB.

CPHR is a “BUSD Rewards Token with a Twist!” giving an incredible 17% BUSD reward sent back to all holders for every buy/sell. With an initial buy/sell tax of 19%, 17% is being rewarded back to its holders, 1% for liquidity pool, and 1% for marketing. The twist is that the tax structure is adaptive and could change every week based on what the community wants via a voting system similar to a DAO.

300 trillion (60%) of the token’s initial supply has been burnt, 80 trillion is already allocated to high APY staking which will be live at launch, and a further 40 trillion has been retained for community engagement, releasing at a rate of 800 billion tokens per week for 12 months. 

17% of every transaction will be rewarded in BUSD (Binance-Pegged USD), a stable coin pegged to the USD, and automatically distributed to its holders hourly. The contract has been audited by InterFi and the project team is doxed on a regular basis via AMAs.

CPHR token will drive volume generation through the implementation of multiple utilities, starting with the Cypher Token Casino (Casino) which is already live and generating revenue for the project via raffles, slots, blackjack, and poker even before the project has launched! The raffles are already being utilized to form partnerships with other tokens to drive volume for both projects and grow the CPHR community. The Casino will scale-up incrementally over time to include approximately 100 games where players can deposit BUSD in exchange for gaming tokens to play the games (to withdraw the process is reversed).

In addition to the Casino, Cryptex and CypherHODL will be released at launch! Cryptex enables CPHR holders can wage their CPHR tokens to win more CPHR tokens by solving Cyphers within a fixed time limit (all waged CPHR tokens will be burnt!). CypherHODL is a ticket based utility where holders will be awarded tickets every time they buy and hold CPHR token (tickets will be lost if you sell within a set time period), and winners will be auto-selected via an algorithm at set time periods.

Multiple partnerships have already been established before launch, and many other utilities are already in development to drive volume, but of course we cannot tell you… we are a token based on encryption and mystery after all, so surely you cannot expect us to tell you everything we have planned…

The presale is listed on PinkSale.Finance now and goes live on June 17th at 19:00 UTC / 15:00 EST.

Official Website: https://cyphertkn.com

Or join their community online at:

Telegram: https://t.me/cyphertkn
Discord: https://discord.com/invite/3snkRJyj
Twitter: https://twitter.com/Cyphertkn
Website: https://cyphertkn.com/


Information Provided via Press Release
The Global Crypto Press Association | Crypto Press Release Distribution

As Bitcoin Mining Companies Enter 'Unprofitable' Territory, a Potentially MASSIVE Profitable Play Opens Up...

S9 miners, extremely popular mining rigs with almost 8 years in the market, are operating at a loss to anyone located somewhere paying more than 2cents USD per kilowatt-hour in electricity costs. This is most US states.

This was brought to our attention on via tweet from an employee at Core Scientific, a Texas based mining company with stock trading on the NASDAQ stock market under the symbol 'CORZ'  

Crypto companies daily income and net worth can change drastically, fast.  In the case of CORZ, which also holds 8000 BTC, Bitcoin returning to just $30,000 could happen over a single week - and would suddenly turn a company that was losing money into one that gained $80 million more in assets. 

These factors are prime examples why stocks for companies focused entirely on crypto are different than anything Wall Street has seen before. 

Figuring out the value of a mining company isn't as simple as a formula for their hashrate (mining power) = X BTC earned daily + BTC already owned = company value.  The price of Bitcoin isn't the only factor - even the weather can dramatically change profitability, as we covered last week how Texas based mining companies are having to power down during heatwaves. 

Wall Street Debates How To Trade Crypto-Company Stocks...

Because of the factors explained above, we saw Core Scientific with a stock price around $13 just 6 months ago, down to $2 today.

Browsing stock-focused online communities makes one thing clear - stock traders still aren't sure if this represents a company moving towards failure, or chance to buy something with a rare huge potential upsides. 

The Power Play, Where You Don't Buy Bitcoin... and Profits Are Potentially 200% Higher...

So here's what it all comes down to - if you believe Bitcoin will return to or pass $60k again, and believe a stock like Core Scientific will return to $13 when it does (the price it was last time Bitcoin was at $60k) - the stock represents a 5X return on investment when Bitcoin's price only does a 3X.

Which is huge, and seems realistic - but will it?

The same financial press publishing crypto doom and gloom stories currently, will of course, again, hype up 'Bitcoin's comeback' when things go the other way.

So it's safe to say the buzz outlets like Bloomberg, CNBC, and Wall Street Journal will create will bring a boost to crypto related stocks as well. The audience of these publications includes a segment of investors not comfortable enough with tech to ever own crypto, but is willing to buy stocks that allow them to capitalize on a trend.

Here's Why it Isn't as Simple as 'Bitcoin up = Crypto stock up'...

The benefits of Bitcoin's decentralization is highlighted here, these risks apply to stocks but are not a factor for Bitcoin. 

Actually, these risks apply to any company managed by humans. A company can be derailed a number of ways - an inexperienced CEO or Board of Directors, negligence or fraud in the accounting department, a company deciding to issue a large number of additional shares, or bringing in a new key investor and issuing them a large number of shares below market value - all of these can quickly bring a stock price down - but none of then can happen to Bitcoin. 

It's not even as simple as finding a company managed by trustworthy and experienced executives - note that not all of the factors mentioned above would be considered poor company management, some are just part of doing business.

I do not currently own shares of any crypto mining company stocks...

This caught my interest and I immediately wrote this article, haven't moved on anything and still unsure if I will.  The main reason for hesitating is this would mean canceling some of my current open positions to 'buy the dip' on Bitcoin and a couple other coins I'm confident will rise again. 

Share your thoughts on this with us on twitter @TheCryptoPress!

Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

Crypto Miners SHUT DOWN As Texas Heat Breaks 100 Degrees - As Planned MONTHS Ago...


Texas crypto miners

When temperatures are high, businesses and residents turning on air conditioning pushes the Texas power grid to it's limits.

So when the state began encouraging crypto mining companies to relocate there, critics said it was a move that could push the grid past it's limits, causing blackouts throughout the state.

Now with the miners and government working together, that won't be a concern.... 

Riot Blockchain is the biggest participant, they represents 2% of the total processing power of the Bitcoin network with 43,458 operational miners. 

Located in in Rockdale, Texas, they've agreed to pause the mining when the state needs power elsewhere - and today they did just that, as temperatures hit 104 degrees they began shutting off much of its equipment as not to require more energy from the local electrical system.

According to Jason Les, CEO of Riot Blockchain, the facilities have “the ability to be flexible enough to feed power back into the grid when there is high demand.”

While this keeps the peace between existing residents and businesses and the newly-arrived crypto miners - we don't yet know at what cost...

What we don't know is how many total hours miners will be asked to power down throughout the summer when high temperatures begin around noon and continue until around 8pm. This could cause a loss of 1/3 of their revenue on days they're asked to power down while temperatures are high.

While mining companies haven't shared any plans to address this, we can't help but notice one obvious solution - solar. Specifically batteries that store solar generated power (think Tesla powerwall).  While this still probably wouldn't keep the mining going for a full 8 hours on a day they've been asked to disconnect from the grid from Noon to 8pm, it could cut their downtime in half.

Author: Justin Derbek
New York News Desk
Breaking Crypto News

MetaBlaze Certik Audit: Smart Contract Audit and Team KYC Completed as MetaBlaze Opens Second Crypto Presale Round...



MetaBlaze (MBLZ) announces the completion of its smart contract audit conducted by Certik as the company opens its second crypto presale round. In addition, the MetaBlaze core founding team has undergone a comprehensive KYC (Know-Your-Customer) process with Certik and opted to equip its MBLZ Token Smart Contract with Certik Skynet Monitoring. 

 This signifies another step forward for MetaBlaze (MBLZ), as the company continues developing its diverse crypto ecosystem with a gaming metaverse as its core. MetaBlaze's second crypto presale round is now open, and the company looks forward to continued progress in building its community and platform.

MetaBlaze Token (MBLZ) Audited by Certik

The MetaBlaze Certik Audit was completed on June 3, 2022. Certik's team of expert auditors manually reviewed the source code for MetaBlaze Token (MBLZ) smart contract. The audit identifies any functionality issues and security risks before suggesting any appropriate remediation changes to optimize functionality and enhance security across the board. The close collaboration between Certik and MetaBlaze brings peace of mind to the community of backers.

MetaBlaze Founding Team: Certik KYC

In addition to the smart contract audit, the founding team members of MetaBlaze have undergone a thorough KYC process with Certik. I.D. and liveness checks were conducted, and a rigorous background investigation was conducted on each team member. An On-chain analysis was performed on all wallets associated with the project. The company's C.E.O. was interviewed on video by a background investigator. 

The Comprehensive KYC Badge brings an additional security layer to the company. It enhances investor confidence as it reflects a commitment to unparalleled transparency and trustworthiness to its community and new investors.

What to know about MetaBlaze: 

MetaBlaze moves to solidify its position in Web 3 and put more value into the hands of holders through its harmoniously diverse crypto ecosystem. The combination of utility and applications within its ecosystem enhances the ability to grow its community of holders through the unification of DeFi, GameFi, and Metaverse. 

The MetaBlaze Token (MBLZ) is a deflationary, multi-chain cryptocurrency built on the Binance Smart Chain, with an upcoming version built on the Ethereum blockchain. MBLZ Token is designed to serve as the native currency within its gaming metaverse.

The project is developing an A.A.A., player-verse-player, a play-to-earn game featuring 3D graphics and exclusive content expected to roll out in 2024. The ultra-high quality NFTs produced by the MetaBlaze development team are based on the in-game characters expected to be featured within the game.

Upon the official listing of MBLZ on cryptocurrency exchanges slated for July 2022, MetaBlaze will launch a simple NFT-driven strategy game, accessible within its dApp (Decentralized Application), BlazedApp.

The dApp offers the world's first NFT working ground, where NFTs can be employed to earn MetaBlaze Tokens (MBLZ). The game comprises 50 levels where users can earn by completing tasks as they progress through the game. For those who may not want to participate in the gameplay, MetaBlaze allows holders to rent NFTs to others within the Blaziverse and Blazelands. 

MetaBlaze Ecosytem

o Dual Passive Earnings (BUSD & MBLZ)
o BlazedApp (Decentralized Application)
o Blaziverse (NFT Strategy Game)
o Blazelands (NFT Working Grounds)
o In-Game Virtual Real Estate
o In-game Performance Driven Staking
o In-game character NFT Collections
o Ecosystem-Specific NFTs
o Native Blockchain (BlazeChain)
o 3D Play-to-Earn Game

MetaBlaze Crypto Presale or I.C.O. (Initial Coin Offering)

MetaBlaze opened its second Initial Coin Offering round for its MBLZ Token just a few short days ago. As of this writing, the company has raised +2.4 Million Dollars from its community of backers throughout the crypto presale. The ongoing crypto presale offers an opportunity to buy MBLZ Token at lower rates before listing on public cryptocurrency exchanges in July of 2022. Investors are also rewarded with a 5% MBLZ Token bonus per transaction. By design, the MBLZ Token price has incrementally risen throughout the crypto presale leading up to its public crypto exchange listing price of $0.0002 per MBLZ. To participate in the ongoing presale, create your account here or visit the MetaBlaze Token website.


MetaBlaze is a blockchain-based gaming company with a multi-chain cryptocurrency token, MBLZ. The MetaBlaze Token is built on the Binance Smart Chain and the Ethereum Blockchain. MetaBlaze merges popular elements of DeFi and GameFi to create a synergistic ecosystem of web 3 technologies. The core Founding Team is KYC with Certik, a leading Blockchain Security Company.


Contact Metablaze:
Michelle German

Contact Certik:
PR Department
CertiK pr@certik.org

Information Provided via Press Release
The Global Crypto Press Association | Crypto Press Release Distribution
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