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JP Morgan Chase Acquires First Republic Bank After Collapse

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Global leader in financial services offering solutions to the world’s most important corporations, governments, and institutions, JP Morgan Chase, has acquired First Republic Bank after it collapsed, making it the fourth bank failure this year.

Before the collapse of First Republic Bank, it had reported on Monday that its deposits fell 41% in the first quarter, sending its stock to record lows. Also, shares fell by nearly 30%. The bank stock trading was stopped numerous times as its rapid decline triggered volatility-triggered timeouts on the New York Stock Exchange.

The bank’s earnings report revealed it had lost $100 billion in deposits in the first quarter (Q1) of 2023. This was fueled in part by panic among clients of regional banks due to the failures of SVB and Signature Bank. First Republic’s quarter-over-quarter deposits had dropped by more than 40 percent to $104.5 billion.

Following the bank’s inability to stay afloat, it was taken possession by the California Department of Financial Protection and Innovation (DFPI) on Monday, which was followed by a bid from JP Morgan Chase, National Association, Columbus, Ohio, to assume all deposits including all uninsured deposits and all assets of First Republic Bank.

JP Morgan Chase emerged as the winner of the weekend auction for First Republic Bank, which will see it get all of the ailing bank’s deposits and a substantial majority of assets.

Speaking on the acquisition of a substantial majority of assets, deposits and certain other liabilities of First Republic Bank, JPMorgan Chase CEO Jamie Dimon said via a statement,

“Our government invited us and others to step up, and we did. Our financial strength, capabilities, and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund. This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”

The acquired First Republic bank will be overseen by JPMorgan Chase’s Consumer and Community Banking (CCB) Co-CEOs, Marianne Lake and Jennifer Piepszak. First Republic bank branches will open as usual, and clients will continue to receive uninterrupted service, including digital and mobile banking capabilities.

As a result of this acquisition, JPMorgan Chase expects to:

  • Recognize an upfront, one-time, post-tax gain of approximately $2.6 billion, which does not reflect the approximately $2.0 billion of post-tax restructuring costs anticipated over the next 18 months.
  • Remain very well-capitalized with a CET1 ratio consistent with its 1Q 24 targets of 13.5% and maintain healthy liquidity buffers.

Following the acquisition of First Republic Bank, shares of JP Morgan rose 2.14 percent, meanwhile, shares of several regional lenders fell on Monday after the collapse. The deal for First Republic, which had total assets of $229.1 billion as of April 13, comes less than two months after Silicon Valley Bank and Signature Bank failed in early March, amid a deposit from U.S lenders.

It is worth noting that after the collapse of Silicon Valley Bank and Signature, First Republic appeared to have weathered the initial storm when JPMorgan Chase led an 11-bank team in depositing $30 million, a move taken to reassure deposition that the bank would honor further withdrawals.

Based in San Francisco, First Republic catered to high-net-worth individuals, and a significant portion of its deposits were uninsured. Before it collapsed, the bank had planned to strengthen its business by increasing insured deposits and reducing its borrowings from the Federal Reserve Bank. The bank had also intended to reduce its workforce and cut executive pay.

Exploring the World of Altcoins: Big Eyes Coin, Love Hate Inu, and VeChain

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Big Eyes Coin (BIG) is winning hearts in the crypto world, proven by its successful presale. Although it will be a new meme coin, it can certainly catch up to several other altcoins including Love Hate Inu (LHINU) and VeChain (VET). As with any investment, there are always risks involved in investing in cryptocurrencies. However, with proper research and analysis, investors can make informed decisions and find the best coin that meets their investment goals.

Feast Your Eyes on Big Eyes Coin: Launching Soon!

Big Eyes Coin is one of the most talked-about coins in the crypto space, raising $34.5 million in its presale despite starting only in August 2022. The community wanted an early launch, and the team behind the project listened to their demands.

The project is set to make waves in the coming months with its six-month development plans, including its listing on the Uniswap exchange on June 15th. It also plans to launch the coin on another tier 1 exchange, which could possibly be BNB, OKX, KuCoin, or other exchanges. In the next six months, the coin is looking to expand its exchange listings to include BigForex, Hotbit, BitUBU, XT.COM, and many others.

Big Eyes Coin set itself apart from other digital coins by committing to making a difference in the world, pledging to allocate 5% of its total supply to its charity wallet for ocean conservation. If you want to be a part of this big move, use their code END300 to get a 300% bonus on your BIG purchase.

Love Hate Inu Challenges Meme Coins in the Arena

Love Hate Inu is another popular meme coin that is still in its presale phase. Thanks to its presale, investors have the chance to buy coins at a lower price before they get listed on the market.

LHINU’s presale hit $7.5 million, making it a notable contender in the world of meme coins. The project, which launched in 2021, is currently in its seventh stage. The team behind LHINU designed the coin to reflect the duality of love and hate that exists in all people. However, investors must note that like all cryptocurrency investments, LHINU’s price can be highly volatile, and investors should be aware of the risks involved before investing in meme coins.

VeChain’s Current Price Shows Signs of Bullish Traders

VeChain has recently received a short-term technical score of 69. According to InvestorsObserver’s data, the digital coin is currently trading better than 69% of other coins and as of April 25th, VET’s price was $0.000207, which was 0.96% higher than its 30-day low price.

Despite the price being under its average price this week, VeChain has a strong short-term technical score, indicating that traders are currently bullish on the coin. At the moment, VET has a market capitalization of $1.6 billion, which makes it one of the bigger coins in the market. These factors combined suggest that VeChain is a promising investment option for traders looking for a bullish market.

Big Eyes Coin has managed to gain the attention of investors and the crypto community with its impressive presale performance, raising $34.5 million in just a short period of time. As the presale comes to an end, the team is gearing up for the launch on various exchanges, including Uniswap, and has exciting plans for the future.

For those interested in investing in Big Eyes Coin, don’t forget to use the code END300 to get a 300% bonus.

 

For More on Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Opensea: https://opensea.io/collection/big-eyes-lootbox-cards

Twitter: https://twitter.com/BigEyesCoin

Fantom Blockchain Co-Founder Andre Cronje Hints New Crypto Payment Project As Big Eyes Coin Concludes Presale

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According to a recent Twitter conversation, Andre Cronje, the co-founder of Fantom blockchain, is working on a new crypto payment infrastructure project. He shared that a closed beta version of the product has been launched, which can be used for payments infrastructure or to obtain a card. The card will be available to the public by the end of 2023, and the crypto-friendly bank will be available within this year. At the same time, a new altcoin Big Eyes Coin (BIG) has very nearly concluded its presale and is skyrocketing towards its launch, causing major FOMO.

Developments In Crypto Payment Industry

Cronje’s tweet came in response to a complaint from crypto enthusiast Michael Egorov, who claimed that his bank accounts with Revolut were closed due to involvement in cryptocurrencies. Cronje also revealed that the project’s licensing would be a standard banking licence and would require KYC procedures. Due to regulatory constraints in the US, the crypto infrastructure will not be available to US citizens.

This development is expected to bring more flexibility to the crypto payments industry and make it easier for people to make transactions using digital assets without worrying about the complicated procedures involved in traditional financial systems. Although details about the project’s launch date were not disclosed, the tweet has generated interest in the crypto community, with many enthusiasts seeking to be added to the closed Beta.

Fantom’s Exceeding Market share

Fantom’s blockchain platform prioritises rapid transactions and provides a secure and efficient environment for decentralised applications (dApps) and digital assets. Its utility token, FTM, holds a prominent position in the cryptocurrency market with a market share exceeding $1.2 billion.

Big Eyes Coin Set To Launch

Big Eyes Coin (BIG) is a promising contender in the meme coin arena. The token is currently in its final presale phase and has already generated an impressive $34 million in funding. With the presale scheduled to close on June 3rd, now is an optimal time to invest in this endearing cat-themed currency, as industry analysts predict that its value will skyrocket at launch.

Big Eyes Coin (BIG) is a community-driven cryptocurrency that aims to shift wealth into the DeFi ecosystem while also preserving an important part of the world’s ecosystem. BIG is a meme coin built on the Ethereum blockchain, utilising the widely adopted ERC-20 standard for cryptocurrency exchanges. The Ethereum blockchain boasts the largest DeFi market with a high number of active users, making it the perfect platform for BIG’s launch. The abundance of active users ensures liquidity and provides the project with the much-needed momentum to thrive.

Community support is fundamental to the success of Big Eyes Coin. The project is dedicated to prioritising investors and continually offers promotional deals, contests, bonuses, and Loot Boxes to enhance returns on investments. Furthermore, Big Eyes Coin plans to launch NFTs called SushiCrew, which will add a fun element to the meme coin.

To mark the conclusion of the presale, Big Eyes Coin is providing a substantial bonus opportunity for investors. By entering the code END300 at checkout, buyers can receive an additional 300% worth of BIG tokens with their purchase.

In addition to being community-driven, Big Eyes Coin also champions environmental preservation. The project has set aside 5% of its funds in a charity wallet dedicated to safeguarding the ocean. The Big Eyes Coin Mascot is an advocate for ocean conservation because it recognizes that this is where all the fish reside.

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Opensea: https://opensea.io/collection/big-eyes-lootbox-cards

Big Eyes Coin Gets Ready For BIG Meme Coin Launch! Six-Month Roadmap Reveals Post-Presale Plans

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Investment means the action or process of investing money for profit. That is why businesses across the board always promise sky-high returns to lure in potential investors. But out of all the investment opportunities out there, cryptocurrencies in their presale stage are the ones with the biggest potential for ROIs.

Big Eyes Coin (BIG) is one such brand-new cryptocurrency with a promising future. This new cryptocurrency has been making waves in the virtual world with its innovative features and forward-thinking plans. Recently, the team behind the Big Eyes Coin released a six-month exchange roadmap that outlines their development plans and future offerings. This includes a top-tier CEX listing to accompany its launch on Uniswap as well as a list of renowned exchanges the coin plans to partner with. 

Meet Big Eyes Coin, the Feline Friendly Crypto

In a bid to dethrone the reigning top dogs of the meme coin market, including Dogecoin, Shiba Inu, and Floki Inu, the Big Eyes Coin team introduced their cat-themed crypto, BIG, in late 2022.

The team’s white paper outlines their objectives, with the first being to shift wealth into the DeFi system, and the second being to aid in saving the world’s oceans. To this end, the Big Eyes Coin team has pledged to donate 5% of their total token supply to ocean conservation efforts. Additionally, the team has shown support for various social causes, including animal welfare and disaster relief efforts, cementing their position as a community-focused cryptocurrency.

From Scratch to Sky, Big Eyes Coin Hits New High

The journey to the moon for Big Eyes Coin began with its presale on August 20, 2022. Within just four days, the coin had already surpassed the million-dollar mark, signalling its potential for success.

To promote the presale, the team introduced several competitions and enticing offers, including the popular loot box scheme that offered BIG tokens worth up to one million dollars.

As the presale progressed, Big Eyes Coin continued to soar, reaching more than $34.5 million in the 13th stage, making it one of the most successful presales in recent memory. At this point, a single BIG token cost $0.00053, representing a 430% increase from its initial price. The price is expected to rise to $0.0006 at the time of launch.

The presale is set to end on June 3rd, and to boost its success even further, the Big Eyes Coin team has announced a 300% bonus on the purchase of BIG tokens and loot boxes using the code END300.

Unveiling the BIG Plans: Big Eyes Coin’s 6-Month Roadmap

Big Eyes Coin has been creating a buzz in the crypto world with its presale success and unique cat-themed NFTs. Now, the project team has released an exciting 6-month exchange roadmap with some major developments that will make Big Eyes Coin a force to be reckoned with in the meme coin market.

The roadmap includes the official launch of BIG tokens on Uniswap and a top-tier Centralised Exchange on June 15th, with plans to expand to 13 other DEXs by the end of 2023. The team has also stated its plans for ‘something $BIG’, however, for now, will not state what exactly this is. One can only assume that they don’t want their competitors in Floki Inu and Shiba Inu to copy what they are developing – exciting! For more information on their 6-month roadmap, check their medium page!

The functionality and versatility of the BIG token, along with the team’s dedication to the community and exciting development plans, make it an attractive investment opportunity for both crypto enthusiasts and investors alike. With these exciting developments in the pipeline, Big Eyes Coin is proving to be a game-changer in the world of cryptocurrency.

Click the links below to know more about Big Eyes Coin and its six-month Exchange Roadmap here:

 

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards

Why Is Dogetti The Top Meme Coin In The 2023 Bull Run?

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Investing in meme coins is a high-risk, high-reward investment and can be a tricky environment to navigate in for anyone involved. But how does a 150,000% ROI sound?

If you are still reading, you are probably intrigued by the sound of that last statement ringing in your ears.

The godfathers of meme coins, DOGE and SHIB, made investors tons of money, and high-end cryptos like Bitcoin and Ethereum can never match their return ratio. In this article, we will discuss three significant meme coins that are backed by communities and have been trending in social circles for the past several weeks including the hot new meme coin Dogetti (DETI). Let’s take a dive into these popular meme coins below.

Love Hate Inu: Voice of The People

Love Hate Inu has one goal: to provide a platform for people to express themselves freely and vote on important issues through its Vote-to-Earn (V2E) platform.

Communities are the backbone of meme coins and Love Hate Inu banks on that by acting as a community-first meme poll creator that rewards LHINU stakers, voters, and creators. The LHINU token empowers users to engage in discussions and vote on controversial topics.

Interestingly, the innovative idea has skyrocketed and has even raised over $6 million in just a few weeks. These results have users flocking to get a piece of the pie.

The LHINU token has a unique tokenomics system that prioritizes investor protection and offers real utility based on blockchain technology. The longer and bigger the stake is, the more voting power the user has.

SHIBA INU: The Dogecoin Alternative

As of April 2023, Shiba Inu has been around for just over 2 years. In terms of percentage returns, the price of Shiba Inu has increased by over 150,000% since its inception in August 2020.

This Ethereum-based dog token, which is termed the Dogecoin killer, is making its investors richer by the day. The SHIB token ecosystem supports projects such as an NFT marketplace and a decentralized exchange. The SHIB token has an intentionally abundant supply, totalling around one quadrillion.

With various projects lined up for the future, SHIBA INU investors can expect a multifold rise in their income. Recently, the meme coin announced another key development called Shibarium, a virtual world that is intended to be a blockchain-based metaverse where users can own, build, and interact with various digital assets, such as NFTs (non-fungible tokens) and virtual real estate. 

Dogetti: The Rising Star

Now, does another dog-themed coin stand a chance in the world of DOGE and SHIBA?

Dogetti (DETI) proves with a resounding yes. With a stunning presale number( $1,062,539 raised), the Don starred coin is making rounds in the world of meme coins. One of the key attractions of this Ethereum-based coin is the 2% protocol, where 2% of every transaction is redistributed to token holders.

Dogetti’s community-based approach, which is inspired by modern meme culture, is one of its distinctive qualities. The coin also boasts Dogetti DAO, NFTS, and more that will benefit investors in years to come. As a result, the cryptocurrency has amassed a devoted following that it considers its members as ‘family’.

Dogetti has set June 20 as the final date of the presale, making seasoned investors move their money to this promising dog on the block. Set your bets on the family and enjoy 1000x returns when it launches.

Comparing the Top 3 Meme Coins

Both Love Hate Inu and Shiba Inu are community-driven meme coins that have gained popularity in recent times. The Love Hate Inu’s focus on voting and polling offers a unique feature that sets it apart from the Shiba Inu. Love Hate Inu also offers a more secure environment for users to engage in discussions and vote on issues. On the other hand, Shiba Inu has a larger market capitalization and a higher trading volume, making it a more popular investment option.

However, meme coins are driven by popularity and demand, and Dogetti is at the forefront of it with its developments and community backing. It’s better to bet on the market trend than against it.

Interested in joining the Dogetti Family? Learn more through the links below.

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_