BLACK (Blackhole) rose 36.96% in the last 24 hours

Gate News Bot news, on July 18, according to CoinMarketCap data, BLACK (Blackhole) is currently priced at 1.06 USD, with a rise of 36.96% in the last 24 hours, reaching a high of 1.07 USD and a low of 0.75 USD, with a trading volume of 510,200 USD in the last 24 hours.

Blackhole is a revolutionary DEX designed to serve as a unified liquidity center for all blockchain projects on Avalanche. It aims to address the industry's increasingly serious fragmentation issue by providing users with one-stop trading and liquidity services. The BLACK token has dual purposes within the ecosystem: it serves as a governance token that allows holders to participate in the decision-making process, and it also acts as an incentive token for high-value projects and community users. BLACK holders can lock their tokens to obtain veBLACK, thereby gaining voting rights, rewards, and fee sharing.

Important news about BLACK recently:

1️⃣ U.S. Vice President Supports Crypto Regulatory Framework U.S. Vice President Kamala Harris stated that she will support the establishment of a regulatory framework for cryptocurrencies to support the Black community. This statement could bring a clearer regulatory environment to the cryptocurrency industry, which is beneficial for the long-term development of tokens like BLACK.

2️⃣ Hackers Develop Black Market Chatbots Using AI Technology Recently, there has been a wave of black market chatbots developed using artificial intelligence technology. This trend may attract more attention from regulators towards the cryptocurrency sector, indirectly affecting the market performance of tokens such as BLACK.

3️⃣ Russia intensifies crackdown on illegal cryptocurrency mining The Russian government has announced it will intensify efforts to combat illegal cryptocurrency mining activities. This move could affect the global supply of cryptocurrencies, thereby indirectly impacting the market prices of tokens such as BLACK.

From a technical perspective, the price of BLACK has seen a significant pump in the past 24 hours, breaking through the 1 dollar mark, indicating strong rise momentum. However, investors should remain vigilant about the potential risk of a pullback.

This message is not an investment advice; investors should be aware of market volatility risks.