Mithril

Ethereum

Cardano

<div class="cryptonews"> 
 <p class="is-style-lead">The <a rel="noopener noreferrer nofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a> Investment Fund, associated with the decentralized exchange (DEX) aggregator, <a rel="noopener noreferrer nofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a>, is doubling down despite prevailing bearish market conditions in decentralized finance (defi). A web3 data <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> tool, Lookonchain, noted that the fund recently bought 6,000 Ethereum (ETH) worth $10 million.</p> 
 <p>The discovery has made crypto analysts speculate the potential of InQubeta (QUBE) and Cardano (ADA) being the next assets for consideration, given their recent successes and progress.</p> 
 <p>Because of the ongoing InQubeta presale and tax system set for implementation, its native token, QUBE, is being explored by investors. The platform also intends to reshape the multi-billion-dollar artificial intelligence (AI) and defi spaces.</p> 
 <p>Let’s delve into the 1inch fund’s acquisition of $10 million worth of ETH and discuss why ADA and QUBE could be potential candidates for similar moves.</p> 
 <h2 class="wp-block-heading" id="inqubeta-is-leading-the-line-in-ai-crypto-revolution">InQubeta is leading the line in AI-crypto revolution</h2> 
 <p>InQubeta&nbsp;has raised over $2.5 million and sold more than 310 million QUBE in the first three presale stages. This level of demand could highlight the level of investor interest and, specifically, the project’s approach to AI startup crowdfunding.&nbsp;</p> 
 <p>InQubeta is spurred by the adoption of QUBE and the innovation it brings to lead the AI-crypto revolution. With this, it could draw the attention of <a rel="noopener noreferrer nofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a> developers who might, in turn, consider QUBE.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Capital flows from Cardano and Ethereum, InQubeta presale raises over $2 million 
 </div> 
 <p>InQubeta’s approach to facilitating the fundraising process of beginner AI companies is known as the fractional investment method. This system allows enthusiasts to become early investors in AI startups, irrespective of their budgets. </p> 
 <p>AI startups use InQubeta’s non-fungible token (NFT) marketplace. In return, interested investors and collectors can purchase these NFTs, potentially profiting once their value rises.</p> 
 <p>The deflationary model used for QUBE can also offer long-term profitability to holders and stakers. A 5% sell tax on every transaction is transferred to the reward pool to encourage staking. Meanwhile, a 2% trading tax is allocated to the burn wallet.&nbsp;</p> 
 <h2 class="wp-block-heading" id="1inch-investment-fund-acquisition-of-10-million-worth-of-eth">1inch Investment Fund acquisition of $10 million worth of ETH</h2> 
 <p>On Jan. 13, Feb. 9, and Mar. 14, 2023, <a rel="noopener noreferrer nofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a> Investment Fund cumulatively bought 17,000 ETH.&nbsp;</p> 
 <p>Months later, on July 5, the fund sold 11,000 ETH, earning $3.7 million in profits.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> 1inch Investment Fund buys $10m worth of Ethereum 
 </div> 
 <p>On Aug. 28, Lookonchain’s official Twitter account revealed that 1inch’s most recent transaction was a purchase of 6,088 ETH worth $10 million.</p> 
 <p>Crypto experts are keeping a close eye on the fund due to its interest in high-growth coins. Given their recent progress and positive developments, experts believe that 1inch may consider exploring QUBE and ADA, as these tokens are gaining prominence in defi.</p> 
 <h2 class="wp-block-heading" id="cardano-launches-mithril-on-mainnet">Cardano launches Mithril on mainnet</h2> 
 <p>In early August, Cardano launched Mithril on the mainnet. The upgrade aims to enhance the network’s efficiency, improve the security of transactions, and further democratize governance.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Cardano’s lead developer testing Mithril, set for mainnet launch 
 </div> 
 <p>Ben Armstrong, a controversial crypto Youtuber, is confident, predicting ADA to reach $100. On the other hand, Dan Gambardello, a crypto capital venture founder, also forecasts ADA to rise 10X to $7.8.&nbsp;</p> 
 <h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
 <p><a rel="noopener noreferrer nofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a>’s acquisition of more than 6,000 ETH has prompted analysts to speculate about the possibility of the fund considering QUBE and ADA for future investments. </p> 
 <p>The InQubeta presale is in progress as the platform aims to eventually innovate AI using NFTs. </p> 
 <p>QUBE holders can stake their tokens and receive rewards.</p> 
 <p>Visit InQubeta presale</p> 
 <p>Join The InQubeta communities</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Whales accumulating XRP and QUBE, InQubeta’s vision attracts interest 
 </div> 
 <div class="cn-block-disclaimer"> 
  <div class="cn-block-disclaimer__icon"> 
   <svg class="icon icon-info" aria-hidden="true"> <use xlink:href="#"></use> 
   </svg> 
  </div> 
  <p class="cn-block-disclaimer__content"> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p> 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/1inch-acquires-10m-in-eth-ada-and-qube-potentially-next-in-line-tbt61707.html">https://thebittimes.com/1inch-acquires-10m-in-eth-ada-and-qube-potentially-next-in-line-tbt61707.html</a></p>

1inch acquires $10m in ETH, ADA and QUBE potentially next in line

Table of Contents

TheBitTimes

Other articles published on Sep 6, 2023

Russian Lawmaker Backs CBDC To Displace Private Banking Sector

Solana Foundation joins forces with Hong Kong university for crypto education

Cardano’s On-Chain Volume Skyrockets 1,700%: What’s Fueling the ADA Surge?

Terra Luna Classic Proposal To Revive USTC And LUNC To $1

Vitalik Buterin Keluhkan Masalah ETH: Mungkin 20 Tahun Tak Selesai

Ripple Sues UK-Based GCC Exchange For €13.8 million Over Unpaid Invoice

Join our free newsletter for daily crypto updates!