The cryptocurrency market witnesses an intriguing transfer of 1,500 Bitcoin from the U.S. government balance. Spot buying and selling dynamics analyzed as the Bitcoin movement raises eyebrows. Outflows and rising open interest heighten speculation in a volatile market. Over the past day, the cryptocurrency market witnessed a fascinating development as more than 1,500 Bitcoin units were transferred from the U.S. government balance. This intriguing event has caught the attention of investors and analysts, shedding light on the dynamics of spot buying and selling within the Bitcoin market. According to a tweet by James V. Straten, an expert in the field, the movement of these substantial Bitcoin holdings from the U.S. government balance has raised eyebrows within the cryptocurrency community. The transaction’s significance lies in its potential implications for the overall market sentiment and the Bitcoin price. Hence, the sudden surge in spot buying and selling activity has garnered attention as investors analyze the consequences of these actions. The movement of Bitcoin from a government entity suggests that institutional players may adjust their positions in response to market conditions, injecting an element of intrigue into the already volatile cryptocurrency market. Outflows and Rising Open Interest Heighten Market Speculation Consequently, this latest development comes amidst increasing outflows and soaring open interest in the Bitcoin market. These factors contribute to heightened speculation and provide further momentum for market participants to monitor and analyze market trends closely. As James V. Straten points out in his tweet, the notable outflows from Bitcoin holdings, combined with the surging open interest, offer valuable insights into the sentiment and behavior of investors. The movement of Bitcoin from government reserves may have implications for the cryptocurrency’s future value and market stability. Significantly, the unique nature of Bitcoin as a decentralized digital currency means that any large-scale movements can swiftly influence the market. However, as investors seek to interpret the motivations behind the government’s decision to transfer these Bitcoin units, it remains crucial to note that multiple factors can impact Bitcoin’s price and market dynamics. Additionally, the attention these movements have garnered underscores the growing interest of institutional players in cryptocurrency. Moreover, it signals a shift in how governments perceive and interact with digital assets, a trend that could shape the future regulatory landscape. The recent transfer of over 1,500 Bitcoin units from the U.S. government balance has stirred the cryptocurrency market, prompting discussions around spot buying and selling patterns. As investors delve into the potential implications of these movements, the market eagerly awaits further developments, recognizing the influence that institutional actions can have on the value and perception of Bitcoin.

The U.S. SEC was ordered by the court to file a follow-up report no later than 120 days. The commission had requested more time in the last hearing. On Tuesday, it was announced that the Third Circuit Court of Appeals will continue to hear the case brought by Coinbase and others to clarify Securities and Exchange Commission (SEC) restrictions on digital currencies. The petition for a Writ of Mandamus was noted in the ruling, and the commission was given the opportunity to respond. The U.S. SEC was ordered by the court to file a follow-up report no later than 120 days from the date of the order, or October 11, 2023. After Coinbase submitted a request to the commission, the latter declined to respond and instead requested more time. According to Coinbase’s Chief Legal Officer Paul Grewal, the US SEC is expected to release a report on foundational crypto laws within the next 120 days. He expressed appreciation that the court would continue to shed light on the SEC’s hitherto shadowy operations. Moreover, he also said that the Circuit’s recent judgment should be commended for recognizing that the SEC is also answerable to the law. No Further Delays Some have seen this as positive for Coinbase in their pursuit of regulatory certainty in the cryptocurrency industry. The SEC has been directed by the Third Circuit to inform the court of its decision on the petition. The Commission has until the extended deadline to issue a clear report, at which point a verdict might go in Coinbase’s favor. A favorable verdict for Coinbase might occur, though, if the Commission announces that it hasn’t chosen to take any action within the extra time provided. In such a case, the commission will have to respond with a simple “yes” or “no” before the court as it may issue the writ of mandamus. Recommended For You: Major Investment Firm Invesco Reapplies for Bitcoin Spot ETF

Skodaverse has partnered with Near Protocol. The company hasn’t announced a release date or pricing. Automobile giant Skoda’s Indian subsidiary, in keeping with its worldwide Web 3.0 ambition, has established Skodaverse India, a platform where users can access and buy/trade Non-Fungible Tokens (NFTs) in an attempt to boost interaction with the tech-savvy youth and build a loyal consumer base. Plus, Skodaverse is working with Near Protocol. The platform, termed “Skodaverse India,” would supposedly include eco-friendly, scalable NFTs, minimal gas expenses, and interoperable NFTs that can be used across several platforms. The company stated: Multiple Benefits for NFT Holders Skoda’s first NFT lineup will be available “soon,” but the company hasn’t announced a release date or pricing. When the NFT is released, users will be able to “mine” it by adding funds to their wallets. In addition to the unique digital asset reflecting Skoda’s artwork or collectibles that NFT holders will have, developers have noted the possibility of “value appreciation” and resale in the future as well as the special privileges, incentives, or experiences that will be available to NFT holders. Both traditional currency and digital currencies may be used for transactions. Developers have also claimed that the NFT platform is the company’s first foray into Web3. Since its founding in 1925 in what was then Czechoslovakia, Skoda has grown to become one of Europe’s greatest industrial manufacturers. In 2022, it will have delivered 731,000 vehicles, a testament to the brand’s popularity in Central and Eastern European nations. Recommended For You: NFT Dominance: Jump.trade Surges to the Top Spot

Invesco submitted a proposal for a Bitcoin Futures ETF in 2021. Citing regulatory concerns the investment firm backed out at the last minute. A new application for a spot Bitcoin (BTC) exchange-traded fund (ETF) has been made by Invesco, a major investment management firm that manages $1.49 trillion in assets. This comes after Invesco and Galaxy Digital first applied to launch a Bitcoin ETF in 2021. A recent filing with the Securities and Exchange Commission (SEC) indicates that Invesco is once again interested in launching a Bitcoin exchange-traded fund (ETF). Spot Bitcoin ETF New Favorite Invesco submitted a proposal for a Bitcoin Futures ETF in 2021, however, they backed out at the last minute. They blamed government oversight even though the SEC had previously given its clearance to ProShares’ Bitcoin Futures ETF. In its most recent filing, Invesco stressed the critical need for a spot Bitcoin ETF, arguing that investors are forced to choose riskier options in the absence of such a product. Invesco’s decision to reapply for a Bitcoin spot ETF reflects the increasing popularity and fierce competition in the cryptocurrency ETF market. The recent application made by BlackRock, a major participant in the investment management business, is likely what prompted Invesco to reapply. Since last Thursday, a number of well-known firms, including iShares, Bitwise, and WisdomTree, have filed paperwork for spot Bitcoin ETFs. Over the previous 24 hours, the price of Bitcoin has skyrocketed, rising by 8 percent. It has risen sharply, up 10.6 percent in only the previous week. As per statistics, Bitcoin’s market value has surpassed 51% dominance. Thus, solidifying Bitcoin’s position as the market leader among cryptocurrencies. According to CMC, the price of BTC is $28,924.

Iris is nearing completion of phase 1 of its 600MW plant in Childress, Texas. IREN stock price rose 21.1% on the day after the announcement of its growth ambitions. Iris Energy (IREN), a Bitcoin mining company listed on the NASDAQ, stated on Tuesday that it intends to increase its hash rate capacity by 63%, from 5.5 EH/s to 9.1 EH/s by the beginning of 2024. Moreover, Iris is nearing completion of phase 1 of its 600MW plant in Childress, Texas. This includes the construction of 80MW of data center space. The business said in a press statement that its short-term focus remains on data center construction. With “flexibility on timing for miner purchases,” depending on available finance and current market circumstances. Iris’s stock price rose 21.1% on the day after the announcement of its growth ambitions. From $3.55 to $4.14, giving the business a YTD gain of 247%. As predicted in February, when the company announced plans to roughly treble its capacity from 2.0 EH/s, Iris’s current hash rate capacity is 5.6 EH/s. Legal Tussle Moreover, in November, the company cut capacity by 3.6 EH/s. Because it had to shut down several units serving as security for $103 million in loans. Iris claims the loan provider is currently looking at legal options. The lender requested last week that any further Bitcoin mining revenues made by Iris be used as collateral to safeguard its lending facilities in a hearing before the Supreme Court of British Columbia. Phase 2 of the mining company’s infrastructure buildout is on hold as it awaits “additional long-lead items,” which are projected to unleash approximately 13.6 EH/s1 of data center capacity. Iris is exploring expanding into “energy intensive compute applications,” like AI, because of its ready access to inexpensive, renewable energy and massive data center capacity.

The current price of SHIB is $0.0000074. Shiba Inu (SHIB) has increased by 3.33% as per CoinMarketcap. Among the myriad of cryptocurrencies, the Shiba Inu coin has emerged as a major player, garnering widespread attention and popularity in recent times. The Shiba Inu (SHIB) token saw a 3.33% increase in price on Wednesday. And positioning it as one of the top trending digital assets on CoinMarketCap, a leading crypto information aggregator. SHIB price chart (source: TradingView) As the Bitcoin pump takes effect, SHIB is experiencing a positive trend, with its current price reaching $0.0000074 and a notable 24-hour trading volume of $108,978,775. Analyzing the trading movements in the crypto market, the Relative Strength Index (RSI) of SHIB is currently at 36.60. This suggests that SHIB is neither in an overbought nor oversold state. Reportedly, a substantial amount of SHIB tokens, valued at 21 billion, transferred to the Binance platform. Additionally, Puppyscan, the blockchain explorer utilized by Shibarium, has recently undergone a reset and comprehensive update. During the process of implementing recent enhancements, there was a temporary interruption that caused it to be unavailable for a period. This interruption could be attributed to the ongoing improvements being made to the system. Albeit, the project has achieved noteworthy advancements in utility and development. Shiba Inu distinguishes itself from other meme coins by actively participating in development initiatives and regularly updating its community, ensuring effective communication and transparency. Recommended For You: Shiba Inu (SHIB) Price Prediction 2023

BlackRock, submitted an application for a Bitcoin ETF last week to the U.S. SEC. GBTC has increased by over 25% after BlackRock applied to create an ETF. Increased trading volume for the Grayscale Bitcoin Trust (GBTC) has been seen since the biggest asset manager in the world, BlackRock, submitted an application for a Bitcoin exchange-traded fund (ETF) last week to the U.S. SEC. Grayscale Bitcoin Trust (NASDAQ: GBTC) rose by an astounding 11.40% on Tuesday, June 20, to close trading at $16.85. On the same day that GBTC’s share price soared, its trading volume hit a record high of $10.24 million, its largest level since November 22 of last year. As per statistics from CryptoQuant, GBTC has increased by over 25% after BlackRock applied to create an ETF similar to GBTC for Bitcoin. According to the data, the current GBTC premium is -34.19%, making it the second-highest level so far in 2023. All Eyes on SEC Now Moreover, some of the biggest names in finance have been applying for a spot-Bitcoin ETF, which may explain the recent uptick in GBTC’s trading volume. We all know that Grayscale is one of the companies leading the charge to provide a spot Bitcoin ETF to investors. BlackRock’s filing comes as Grayscale Investments engages in a legal battle with the SEC over its plans to convert the Grayscale Bitcoin Trust into a physical assets-backed exchange-traded fund. As the market anticipates that Grayscale’s case may be strengthened by BlackRock’s move, the discount between the trust’s valuation and its net asset value has narrowed dramatically. One of the top U.S. asset managers, WisdomTree Investments, filed for an ETF application less than a week after Blackrock made headlines for doing the same thing. The business has submitted an application to the US Securities and Exchanges Commission (SEC) for the WisdomTree Bitcoin Trust exchange-traded fund.

WisdomTree joins the Bitcoin ETF race, aiming for regulated exposure to Bitcoin. The growing interest in Bitcoin ETFs signals a shift toward mainstream adoption. WisdomTree Investments, a renowned asset management firm, has submitted an application to the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This strategic move aligns with the growing market interest in Bitcoin ETFs, fueled partly by industry heavyweight BlackRock’s recent filing. The $87 billion asset manager, WisdomTree, aims to expose investors to Bitcoin‘s price movements while carefully considering operational costs and obligations. The company plans to list the ETF on the Cboe BZX Exchange under the BTCW ticker. It will be offering a regulated and transparent investment option. It’s noteworthy that this filing marks WisdomTree’s comeback following the rejection of its previous ETF application by the SEC last year. Bitcoin ETF Revolution BlackRock’s entry into the ETF space has sparked renewed interest among various firms including WisdomTree in contemplating this emerging market. Industry experts Eric Balchunas and James Seyffart believe that BlackRock’s filing is driven by its substantial size. And esteemed reputation in the financial industry. It has instilled hope for approval and reshaped the landscape Market participants eagerly await the SEC’s decision. If approved, WisdomTree’s Bitcoin ETF is expected to unlock new opportunities for investors. It will represent a significant milestone in the mainstream acceptance and integration of cryptocurrencies into traditional financial systems. While awaiting the SEC’s decision, the price of Bitcoin continues to exhibit its characteristic volatility. According to CoinMarketCap, the leading cryptocurrency traded at $28,813.85, reflecting a substantial daily rise of 7%. Despite potential challenges along the path, the growing momentum in the Bitcoin ETF space suggests a changing landscape. With more firms entering the race, the possibility of regulated and accessible Bitcoin investment options seems more than just an expectation but a reality.

Apple is often swift to remove it from its app store. Using such an app can directly lead to the loss of funds and account breaches. Although Apple removed a potentially harmful software that pretended to be the cryptocurrency hardware wallet Trezor, a simple search showed that numerous imitation applications were still available. Using such an app can directly lead to the loss of funds and account breaches by exploiters. Rafael Yakobi, managing partner of Crypto Lawyers, issued a warning about the safety of the Apple App Store on June 20. According to Yakobi, a search for “Trezor” returns a malicious program designed to steal crypto as the top result. When notified of malicious or fraudulent software, Apple is often swift to remove it from its app store. Although the one mentioned by Yakobi seems to be removed. It seems that Apple has not yet completely cleaned the store. There are similar potential apps when searching for Trezor. Apple claims that all of the applications in the official App Store have passed stringent safety checks. Stringent Approach Coincident with Apple’s continuing fight against cryptocurrency platforms on the App Store comes the arrival of a new phishing attempt. Apple has allowed crypto applications, with certain restrictions, on the App Store. The Silicon Valley behemoth threatened to pull the social networking program Damus from the App Store last week because it allows users to make small, instantaneous payments to one another in the form of “Zaps” using Bitcoin. To maintain the iOS app in the App Store, Apple insisted that the tipping function be eliminated on the grounds that it is analogous to the selling of digital material. Damus is based on the Nostr protocol, which facilitates micropayments over the Lightning network almost free of charge and instantaneous.

The actively managed certificate, delivered in partnership with Swiss banks, is designed for institutional investors to diversify into cryptoassets more easily ZUG, Switzerland–(BUSINESS WIRE)–XEROF, a vanguard in cryptoasset financial services, announced today that it has launched, alongside GenTwo, licensed and regulated Bitcoin-backed active managed certificates (AMCs). The XEROF Bitcoin AMC is among the first to hold the underlying Bitcoin asset in a Swiss bank, further showcasing the modern regulatory environment of Switzerland and Europe and the clarity these regions provide to licensed providers of complex financial products. The Bitcoin represented by the certificate is held in secure cold storage by a premier Swiss bank, and XEROF provides its crypto brokerage exchange for the daily liquidity of the certificate. The Bitcoin AMC offered by XEROF empowers institutions and accredited investors to diversify into cryptoassets without holding Bitcoin directly. It also removes the need for family offices or asset managers to manage the technicalities of secure cryptoasset custody. “The cryptoasset market is maturing and is ready for complex financial products that are properly regulated. UBS’s recent Global Family Office Report found that 68% of family offices plan to maintain their investments in cryptoassets and 27% are looking to increase their investments,” said Marc Taverner, CEO and co-founder of XEROF. “The Bitcoin AMC is perfectly suited to family offices and asset managers. The structure of the product is consistent with other products in their portfolios. Further, the certificate provides exposure to the underlying asset whilst retaining AUM – a benefit not found with the direct purchase of Bitcoin. We take pride in presenting a pioneering solution for Bitcoin investment, a long-awaited milestone in our mission toward greater adoption of cryptoassets. After years of attempts in various jurisdictions by other firms, we are pleased with our experience in Switzerland. We look forward to offering more products like this soon to accredited investors.” To learn more, visit xerof.com or contact [email protected] (Rachel Pipan). About XEROF XEROF is a leading Swiss financial services provider specialising in cryptoassets. In partnership with Switzerland’s premier private banks, we offer institutional services across digital and fiat currencies, including cross-border settlement, currency exchange, OTC brokerage, asset custody, and frictionless payments. Founded in 2020, XEROF is regulated as a Virtual Asset Service provider (membership number 100954) and supervised by the sector-governed Financial Services Standards Association (VQF). Our services are offered in compliance with Switzerland’s AML/CFT regulations, alongside our commitment to providing deep liquidity and efficiency to your operations. Our mission is to help develop a mature market for traditional and digital wealth. We accelerate this reality by navigating foundational forces like exchanges, established firms, and private individuals through the cryptoasset ecosystem. Bring Swiss precision to your cryptoassets with us by visiting xerof.com. Contacts Rachel Pipan [email protected]

The global crypto market reached a $1.13 trillion range by soared over 5.17% in a day. Bitcoin price nearing to may high of $29K range. The global cryptocurrency market surges as top coins reach new rallies with significant price changes. In a remarkable turn of events, the market leader Bitcoin (BTC) has experienced a surge of more than 7.5% in the last 24 hours, bringing its price to around the $29,000 range. This indicates a positive movement in the market. At the time of writing Bitcoin trading price was $28,811 and a trading volume of $26 billion, which skyrocketed over 75%. Bitcoin (BTC) Price Chart (Source: CoinMarketCap) Overall, the mentioned top cryptocurrency and the top altcoins have a positive trend, showcasing increased investor confidence and market activity. Here’s a breakdown of the latest price analysis for the top five cryptocurrencies. Ethereum (ETH) Powers Forward Market Cap: $218B 24-hours Volume: $8B Ethereum, the second-largest cryptocurrency, has displayed impressive growth, rising by over 4.8% in just one day. At the time of writing ETH traded at $1,813 and 24 hours trading volume climbed 52%. Ethereum (ETH) Price Chart (Source: CoinMarketCap) Over the past week, ETH has witnessed a steady increase of 3.7%, solidifying its position as a dominant force in the market. This indicates growing investor interest and positive market sentiment surrounding Ethereum’s potential. Cardano (ADA) Makes Stride Market Cap: $108B 24-hours Volume: $260M Cardano, a blockchain platform known for its innovative features, has demonstrated remarkable progress, recording an 8% surge within the past day. At the time of writing, ADA traded at $0.2786 with a 24 hours trading volume rise of 69%. Over the course of the week, Cardano has shown a 2% increase, attracting attention and investor confidence. Cardano (ADA) Price Chart (Source: CoinMarketCap) Solana (SOL) Continues its Upward Market Cap: $7B 24-hours Volume: $296M Solana, a high-performance blockchain network, has experienced significant gains with a 4.5% increase in the last 24 hours. Impressively, Solana’s value has skyrocketed by 10% over the past week, marking its prominence in the crypto landscape. At the time of writing SOL recorded the trading price of $16.79 and 24-H volume rise of 60%. Solana (SOL) Price Chart (Source: CoinMarketCap) Polygon (MATIC) Amid Positive Momentum Market Cap: $6B 24-hours Volume: $319M Polygon, a scaling solution for Ethereum, has witnessed a remarkable surge of over 7% in a single day. At the time of writing, MATIC traded at $0.6516 with a 24-H trading volume surge of 36%. Despite a more modest increase of 0.5% over the week, Polygon’s recent momentum is a testament to its growing popularity and adoption. Polygon (MATIC) Price Chart (Source: CoinMarketCap) Avalanche (AVAX) Roars with Growth Market Cap: $4B 24-hours Volume: $139M Avalanche, a decentralized platform for dApps, has gained considerable traction, surging by approximately 7.2% in the past day. Over the course of the week, Avalanche has experienced a solid 3.5% increase, demonstrating its potential and capturing investor attention. At the time of writing, AVAX traded at $12.30 and has 24 hours trading volume climbs of 48%. Avalanche (AVAX) Price Chart (Source: CoinMarketCap) This widespread surge across the top cryptocurrencies signifies a renewed bullish sentiment in the market, with investors flocking to digital assets for potential gains.

In a significant move towards the adoption of blockchain technology in traditional banking, JP Morgan, one of the world’s leading financial institutions, has recently partnered with six Indian banks for blockchain-based interbank dollar settlements. This development sends a clear message to the financial world: blockchain technology has the potential to revolutionize traditional banking systems. As a prominent player in the industry, JP Morgan embracing blockchain brings legitimacy and credibility to the technology, fostering trust among other financial institutions and regulators. In this article, we will explore how JP Morgan’s partnership impacts cryptocurrencies like Polkadot (DOT), Polygon (MATIC) and Caged Beasts (BEASTS), opening new avenues for growth, collaboration, and mainstream adoption. Bridge Blockchains With DOT Polkadot (DOT) is a powerful blockchain platform and cryptocurrency that aims to enable seamless communication and interoperability between different blockchains. With JP Morgan’s growing interest in blockchain-based settlements, Polkadot’s technology could accelerate and further its vision of a connected and scalable blockchain ecosystem. With increased integration between traditional banks and blockchain networks, Polkadot’s ability to facilitate cross-chain communication now becomes more relevant. Moreover, the partnership’s impact may potentially lead to enhanced liquidity and increased transactional efficiency, benefiting both Polkadot and traditional banking systems. Drive Scalability & Innovation With MATIC Polygon (MATIC), a leading layer-2 scaling solution, offers solutions for blockchain scalability and interoperability. As JP Morgan embraces blockchain technology, the demand for scalability and efficient solutions becomes crucial. This is where Polygon’s technology becomes a pivotal role in providing the scalability and interoperability required for blockchain-based settlements. As more traditional banks adopt blockchain solutions, Polygon’s layer-2 infrastructure stands as the perfect alternative to solve the congestion problems on the Ethereum network and enhance the speed and efficiency of transactions. The Future Of Caged Liquidity With BEASTS Caged Beasts (BEASTS) is a new DeFi meme coin with a unique narrative and captivating concept of caged liquidity that intertwines financial growth and memes. With 75% of funds locked until the date of release, Caged Beasts flaunts a solid foundation that counters crypto’s volatility risks. The partnership between JP Morgan and financial institutions for blockchain settlements creates exciting integration opportunities for projects like Caged Beasts. The locked liquidity structure of Caged Beasts, combined with its strong community focus and entertaining utilities, makes Caged Beasts a viable choice for investors looking for an entertaining meme coin along with substantial gains on investments. As traditional banks explore more and more blockchain solutions, there is the potential for collaborations and partnerships that bridge the gap between traditional finance and the world of cryptocurrencies, and Caged Beasts might just be that perfect fit. JP Morgan’s partnership with Indian banks for blockchain-based interbank dollar settlements is a significant step towards the mainstream adoption of blockchain technology in traditional financing. As traditional banks embrace blockchain solutions, cryptocurrencies like Polkadot, Polygon and Caged Beasts have the opportunity to gain increased recognition, liquidity, and integration into the broader financial ecosystem. As the world witnesses this landmark integration, it becomes increasingly clear that blockchain technology and cryptocurrencies are poised to shape the future of finance, opening new possibilities for innovation, scalability, and mainstream adoption. To stay up to date with innovation, embrace the next generation of cryptocurrencies through Caged Beasts. It is an extraordinary opportunity to witness the liberation of restricted funds, creating a pathway for unparalleled expansion and possibilities in the realm of digital finance. Take advantage of the ongoing presale and seize the optimal moment to invest in this revolutionary meme coin. Register with Caged Beasts today to embark on this remarkable journey! For more information on Caged Beasts (BEASTS): Website: https://cagedbeasts.com Telegram: https://t.me/CAGEDBEASTS Twitter: https://twitter.com/CAGED_BEASTS

HONG KONG–(BUSINESS WIRE)–CoinEx, a global crypto exchange, recently announced its sponsorship of BlockChance 23, the fourth BlockChance conference so far, which will be held at Congress Center Hamburg (CCH) in Germany. This marks CoinEx’s first sponsorship of a blockchain exhibition in Germany, which showcases its commitment to the German market and its confidence in the future of crypto. As one of Europe’s top blockchain conferences, BlockChance 23 will take place in the Free and Hanseatic City of Hamburg from June 28 to June 30. Featuring industry experts, venture capitalists, and entrepreneurs from around the world, the event is expected to attract over 7,500 attendees, 300 speakers, and 150 exhibitors. During the three-day conference, attendees will experience exciting keynote speeches, panel discussions, fireside chats, award ceremonies, and more than 50 workshops, allowing them to engage with blockchain scholars to explore the application of blockchain technology. Germany, one of Europe’s largest economies, is seeing rapid growth in the crypto sector, which presents enormous market potential. As a long-established crypto exchange, CoinEx intends to fully understand the needs and habits of German crypto users, explore the local crypto market, and provide German users with first-class and easy-to-use trading services through its sponsorship of BlockChance 23, while building a larger business presence in Europe. According to official sources, in addition to sponsoring and attending the event, CoinEx will also have an exclusive brand booth (Saal G23) at BlockChance 23, where the CoinEx team will engage with local users face-to-face, discuss the future of crypto with industry leaders, and share the latest industry development and technology trends to promote the adoption of crypto assets and blockchain technology. CoinEx, a veteran exchange, has always put users first, while building an efficient, secure, and stable crypto trading platform, and the sponsorship of BlockChance 23 is part of CoinEx’s efforts to explore the application of crypto assets and promote crypto progress, showcasing its extensive expertise in crypto trading. Over the years, CoinEx has continued to improve its technical capacity while perfecting the services it offers. As it provides global users with products spanning spot trading, futures trading, margin trading, AMM, and crypto finance, the exchange has contributed to the progress of the global crypto industry. In terms of security, the CoinEx team, with years of experience in blockchain technology, independently developed a high-speed trade matching engine and has never experienced any security breach since day one, offering a stable, secure trading environment to users worldwide. When it comes to products & services, CoinEx strives to “make crypto trading easier”. As for business operations, CoinEx has remained active in building a global presence, and its sponsorship of BlockChance 23 represents a great opportunity for the exchange to pursue global expansion and demonstrate its market influence. As the conference approaches, we look forward to CoinEx’s debut at BlockChance 23 and wish the event a resounding success. Contacts CoinEx Fiona Han [email protected]

Polygon has published a proposal to upgrade the Polygon PoS to a zkEVM validium. Polygon announced its plans to redesign the ecosystem. Polygon, the world’s largest blockchain ecosystem, has published a proposal to upgrade the Polygon PoS to a zkEVM validium. It is the first decentralized L2 secured by zero-knowledge (ZK) proofs. Moreover, it will enable the Polygon PoS to become more secure, performant, and a core part of the Polygon 2.0 ecosystem. On June 20, Polygon tweeted about the proposal to upgrade the Polygon PoS to a zkEVM validium. This is a significant milestone for the Polygon ecosystem. As a zkEVM validium, Polygon PoS would inherit Ethereum’s unmatched security while providing low fees and high scalability. Polygon Labs has continued to develop its ecosystem with innovative ideas and new integrations. Recently, the most popular brand, Nike, announced its integration with Fortnite and EA via Polygon to drive mainstream Web3 adoption. Moreover, Polygon announced its plans to redesign the ecosystem into a symbiotic network of many chains. So the team has introduced Polygon 2.0. Road Map for Polygon 2.0 Ecosystem Polygon 2.0 is a network of L2 chains powered by ZK that are connected via a cross-chain coordination protocol to provide users with a seamless experience. It aims to establish a fundamental protocol that allows users to create, exchange, and program value. Polygon 2.0 provides a comprehensive blueprint that reshapes several aspects of Polygon. It ranges from protocol architecture to tokenomics to governance. The Polygon team revealed their ambitious goal to develop the Internet’s Value Layer with the release of Polygon 2.0. The concept of the value layer first introduced by Ethereum. It provides the seamless and secure creation, exchange, and programming of value without intermediaries. The ZK technology-based strategy for Polygon’s transformation into the Value Layer of the Internet will emphasize unrestricted scalability and uniform liquidity. Polygon PoS to a zkEVM validium In the last announcement, Polygon mentioned that it would provide in-depth insights into the different components of Polygon 2.0. Following that, the Polygon team revealed an upgrade of the Polygon PoS to a zkEVM validium. Over the past year, Polygon has launched the fastest ZK proving system in the industry. Moreover, it has been revealed that the only EVM that equals the zk EVM on the mainnet. Now the team has raised a proposal to add the zkEVM technology to one of the most successful chains in existence. If the community accepts the proposal, Polygon PoS and it’s $2 billion in assets, millions of users, and thousands of apps would seamlessly migrate to this bleeding-edge technology. It will be a significant technical achievement. Moreover, It will be the first time that an existing chain adds a ZK chain to become an L2. Polygon 2.0’s vision is that every Polygon chain should be a ZK L2. However, Polygon PoS is now protected by its validators rather than by ZK proofs. Polygon 2.0 is a significant step forward for the Polygon ecosystem. Most users and developers still prefer the Polygon PoS because of its strong ecosystem, network efforts, and very low costs. It is often orders of magnitude lower than Ethereum rollups. Moreover, the strength and activity of polygons will be expected to boost Polygon 2.0.

Bitcoin Surges by 5.28% compared to the last 24 hours. EDX Markets collaboration might have raised BTC as the community predicts. Bitcoin (BTC), the topmost cryptocurrency has seen a huge surge comparatively than the previous months. Meanwhile, June started out ineffective in the crypto market yet BTC brings back the engagement. More than a 5% rise in the BTC price, made the global crypto market increase by 3.90%. The launch of EDX Markets (EDXM) with the collaboration of developed firms including Fidelity, Citadel, and others, is considered the reason behind such an uplift. As of now, BTC values are at $28,371.13 over a 5.81% price increase compared to the last 24 hours. Yet the hitch is whether this prolongs ahead with respect to future terms. However, BlackRock’s ETF filling would be a reason why the accumulation happened in BTC. Compared to the previous days of fall, BTC has shown bullish momentum hyperactively. Criticalities of Bitcoin The sudden rise in the price has made certain crypto enthusiasts in a dubious state. One of the crypto investors named Peter Schiff stated that this price surge hasn’t been achieved due to any type of brokerage platform. There are several other ways. he added. Subsequently, Schiff has put forth a set of NFTs on the Bitcoin network. The other’s anticipation of Schiff’s activity led to the recommendation of BTC trading. Thereby, the value has increased by 56% in his recent tweet, he added. How Do Wall Street Giants Help BTC Surge? The crypto market is shattering due to the recent sue of Binance and Coinbase by the United States Securities and Exchange Commission (SEC). Both the major cryptocurrency exchange faced a sudden lawsuit. Due to this, the altcoins were protecting the crypto community with their efficient growth potential and engagement. The Wall Street Giants nourish the BTC interest among the investors with successive concerns. The market investors tend to enter the crypto-backing Wall Street Giants on their end. BTC Price Analysis Over the last seven days, the BTC price graph turns out highly green towards the upward momentum, on Wednesday. So, there is a 9.09% increase in price in a week. When you consider 24 hours, the trading volume peaked by 68.67% at the time of analysis. Bitcoin 24 Hrs Price Chart (Source: CoinMarketCap) Additionally, the market capitalization of BTC accounts for $550 billion with a 5.66% push upwards. Currently, the market price of Bitcoin is $28,370.71 for its 92.42% circulating supply. The bulls have placed higher than the bears in the market. Furthermore, the average transaction fee is 0.000088 BTC which is equal to $2.06906. However, 6.6695% of traders hold BTC whereas the BTC whales constitute 1.3278%. Bitcoin is revolutionizing the global crypto community by proving that the BTC season is alive yet. Recommended For You: Binance’s Integration of Bitcoin Lightning Network Inches Closer

Andrew Tate’s possessions are seized by Romanian Prosecutors. Reports say that Tate holds BTC in huge comparatively. On June 20, 2023, Tuesday, Romanian prosecutors caught Andrew Tate and raised an indictment for his illegal activities including rape and trafficking. Furthermore, the court has seized some of his possessions such as fifteen luxury cars, fourteen watches, and 21 Bitcoin (BTC) worth $560,000 respectively. Moreover, Tate has been kept under house arrest during the month of December 2022 for investigation. Apparently, as per the recent press release, the prosecutors of the Directorate for the Investigation of Organized Crime and Terrorism defended to charge. The crimes of Tate are listed under the referral act which includes money laundering, human trafficking, illegal influencing, possessing perpetrator, and human life threats. The case is processed to the Bucharest Court and effective measures have been taken for the house arrest of Tate and other citizens who are all defendants under this press release. Although the court order is released, it is with respect to the Code of Criminal Procedure followed by the investigation processes, and sharing the indictment without any defeat or concern of presumption. Charges Seized from Andrew Tate As mentioned above, the assets of Tate have been seized by Romanian prosecutors. Meanwhile, the British Broadcasting Corporation (BBC) stated that the $300 million Bitcoin (BTC) is seized from Andrew Tate yet the issue lay with the Google translator. The false report from the BBC stunned the community and was altered to 21 BTC seize sooner. Andrew Tate, the famous pervert and the late world kickboxing champion along with his brother Tristan who is in Romania, and the other two associates who are liable to his words have all been indicted. It is clearly mentioned that this group is involving women in sexual activities with false promises. Case Details of Andrew Tate There are several announcements that have been launched by the Office of Information and Public Relations within the Crime Investigation to the public regarding Andrew Tate. Back in 2021, the four defendants including Tate is handed over to the Government for constituting a criminal offense. The crime details included rape in March and the illegal computer access of the victims in October. Recent Updates on the Case In 2022 March for consequent rape, the four defendants are prisoned under house arrest. Due to that accusations, the gang is trapped and the media team of Tate shared through the BBC: Currently, the judge is considering the evidence presented to him/her within the time limit of 60 days. However, the case would prolong for years. Tate Holding More BTCs Later in May, Tate is creating engagement with the crypto coins. Like, he tweets the token ticker once it gets launched. This has engaged community enthusiasts to get the tagged coin and soon he claims ‘just joking’. This way, the coin pumps down as soon as it launches and trends in the market. In 2022, Tate’s arrest was followed by the confiscation of 5 Bitcoin (BTC) valued at $100,000. Meanwhile, the total Bitcoin possessions reported sixteen in the count of value $465K. Now, as per the court, the complete possession of Tate’s BTC is seized.

Nike’s blockchain-powered platform, .SWOOSH, integrates with EA Sports and Fortnite. Polygon’s blockchain technology drives mainstream Web3 adoption. Successful Web3 projects like Nike affirm blockchain’s robust future potential. Significantly, one of the most recognizable names in sports and fashion, Nike, has jumped onto the blockchain bandwagon. Taking its brand identity to the next level, the company has unveiled .SWOOSH. It is a pioneering endeavor powered by the versatile layer-2 Ethereum scaling solution, Polygon. This groundbreaking integration melds Nike’s digitized ecosystem with the immersive worlds of EASPORTS and FortniteGame. Hence, it marks an essential stride towards mainstream recognition for Web3, or the decentralized internet. The Web3 Revolution Gains Momentum Moreover, this remarkable move arrives on the heels of Reddit’s 12 million self-custodied on-chain NFT holders’ success. Consequently, Nike’s initiative underlines the dynamic role of blockchain technology in shaping the modern business landscape. Indeed, the announcement has been greeted with robust enthusiasm. Sandeep Nailwal, the co-founder of Polygon, hailed this integration as “HUGEE!!!” on his Twitter handle. However, beyond the immediate buzz, this development highlights a broader narrative. It is a testament to the increasing pervasiveness of Web3 technology in mainstream spaces. With Polygon at the helm, blockchain technology is no longer the exclusive playground of tech gurus and crypto enthusiasts. It permeates traditional sectors, fostering a new wave of innovative applications. Additionally, the decentralized system of Web3 brings transparency, security, and accessibility. Thus, it opens up new possibilities for businesses and consumers alike. One such example is integrating Nike’s .SWOOSH with EASPORTS and FortniteGame. The venture is a first-of-its-kind Air Max-themed Fortnite experience. Termed ‘Airphoria,’ it is open now through June 27. As a second primary player after Reddit to leverage the power of blockchain technology, Nike’s successful dive into this digital realm is indicative. It points towards a future where such tech-driven initiatives become the norm, not the exception. Despite the progress, the world of Web3 continues to be a sleeper hit. The larger public still is sleeping on Polygon’s achievements. Nonetheless, as Sandeep Nailwal affirms, the world will soon take notice of these monumental steps forward. In conclusion, Nike’s collaboration with EA Sports and Fortnite underpins the power of blockchain technology. Furthermore, it proves the strong potential of Polygon. Undeniably, we’re witnessing the steady march of Web3 into mainstream consciousness. And so, the journey continues, one .SWOOSH at a time.

Bitcoin’s fate hangs in the balance as central banks gear up for anticipated rate hikes. With the Bank of England and European Central Bank poised to implement rate increases, the crypto market braces for potential negative repercussions. Analysts warn of Bitcoin’s vulnerability amidst conflicting monetary policies. Bitcoin faces a pivotal moment as it navigates conflicting monetary policies and fluctuating investor sentiment. This week, the focus is on the UK and Eurozone, where central banks are expected to implement rate hikes that could have broad implications for risk-on investments. The Bank of England’s monetary policy committee is set to convene on Thursday, with predictions of a rate increase to 4.75% or even 5%. Similarly, the European Central Bank is anticipated to raise rates by 25 basis points on the same day. ECB President Christine Lagarde recently stated that only a significant “material change” would deter the bank from proceeding with the hike. Bitcoin could be negatively affected due to rate hikes The impending rate hikes from the ECB and BoE are expected to have a potentially negative impact on risk-on investments, including cryptocurrencies, according to independent digital asset analyst Konstantin Anissimov. Higher interest rates may result in a stronger US dollar and increased returns on low-risk government bonds, potentially diminishing the attractiveness of crypto assets for investors. Senior market analyst Craig Erlam from Onanda shares a similar sentiment regarding Bitcoin’s vulnerability. In his analysis, Erlam highlights chart trends that indicate a pattern of lower highs and recovery rallies falling short of recent peaks before subsequent declines. Until Bitcoin breaks this pattern, it may continue to face a vulnerable position. As the week unfolds, Bitcoin will undoubtedly face the influence of these rate hikes and investor sentiment. Market participants will closely monitor developments to gauge the potential impact on the digital asset and its overall market dynamics.

Binance decided to deploy the Lightning Network after experiencing difficulties. CZ tweeted about the commitment of his exchange to sustained expansion. One of the major cryptocurrency exchanges, Binance, has stated that it is working to integrate the Bitcoin Lightning Network. So that users may make deposits and withdrawals more quickly. The company’s CEO, Changpeng Zhao (CZ), has also verified the update. Binance decided to deploy the Lightning Network after experiencing difficulties processing a significant number of BTC withdrawal requests on May 8. Sustained Expansion Some technical operations have to be completed before the Bitcoin Lightning Network may be integrated by the exchange. Binance is able to provide a better service to its customers by using the Lightning Network. By facilitating instantaneous and scalable Bitcoin transactions. CZ tweeted about the commitment of his exchange to sustained expansion. The exchange is making progress, he said, although slowly. User efficiency and convenience will increase when transaction fees are lowered and settlement times are shortened. The Lightning Network’s off-chain features also improve Bitcoin’s scalability by removing bottlenecks and reducing transaction times. Binance reportedly suspended Bitcoin (BTC) withdrawals due to a surge in pending transactions since the exchange couldn’t pay out enough in incentives to miners to record the deals. Due to a rapid increase in Bitcoin network gas costs, the biggest in almost three years since July 2021, CZ dealt with this bull market problem. Moreover, Binance resolved the issue by resubmitting the outstanding Bitcoin withdrawals with increased fees so that they would be accepted by mining pools and confirmed on the blockchain. The exchange tweeted later that day that they were going to activate BTC Lightning Network to stop future problems similar to this. Recommended For You: Industry Heavyweights Launch Crypto Exchange Dubbed EDX Markets

The Taiwanese-Canadian business mogul’s worth is approximately $8 billion. Tsai, who is now Executive Vice Chairman, will take over from Daniel Zhang. Joseph Tsai has been named the next Chairman of Alibaba Group, a Chinese technology corporation specializing in e-commerce, succeeding Daniel Zhang. The Taiwanese-Canadian business mogul is worth billions of dollars. And his name has been attached to a number of other cryptocurrency and digital asset-related endeavors. Blue Pool Capital, the company that manages Tsai’s personal funds, reportedly contributed to two investment rounds for the defunct cryptocurrency exchange FTX, according to recent reports. Tsai, who is now Executive Vice Chairman, will take over from Daniel Zhang on September 10 of this year. Eddie Yongming Wu will replace Zhang on the Alibaba Group Board of Directors and take over as CEO. Emphasis on Technology and Innovation The latter says he’s looking forward to working with the new leaders. And will continue to manage Alibaba’s Cloud Intelligence Group. He also promised to lower the entry barrier to cloud computing and AI for businesses of all sizes. Moreover, Tsai praised Wu for his time as CTO at Taobao and Alipay, saying that he was “instrumental in architecting our technology platforms and guiding our strategic direction.” He expressed optimism that the current leadership of Alibaba, with its emphasis on technology and innovation, can sustain the company’s rapid expansion. Furthermore, the Taiwanese-Canadian tycoon has shown his bullish outlook on the digital asset market throughout the years. His estimated net worth is approximately $8 billion. Also, at the close of 2021, he made his first public remarks, tweeting simply, “I like crypto.” Alibaba is a leading global e-commerce platform and one of the world’s top retailers. Also in 2020, it was ranked as the fifth-largest AI business.