ShibArmy Scam Alerts warns SHIB community about potential SHIB 2.0 scams. Shiba Inu’s Kusama clarifies the absence of SHIB 2.0 and urges caution against scams. ShibArmy Scam Alerts alerts SHIB community to recent Coinbase-related scam attempts. ShibArmy Scam Alerts, a Twitter account dedicated to exposing scams and protecting Shiba Inu users, has informed the SHIB community about potential scams involving SHIB 2.0. In a recent tweet, @susbarium cautioned the SHIB community about tokens originating from addresses claiming to be associated with SHIB 2.0. The community was also advised to exercise caution with Ethereum Names (ENS) that may appear to be affiliated with Shiba Inu but are not. Additionally, they were warned about tokens falsely implying a connection to the SHIB ecosystem. Shiba Inu’s Kusama warned there is no SHIB 2.0 A screenshot shared by Shiba Ecosystem official Lucie showcased a message from Shiba Inu lead Shytoshi Kusama, emphasizing that there is no SHIB 2.0 and urging the community to be cautious of scams. When asked to make a Twitter post about this, Kusama stated being occupied with launching a blockchain and emphasized the importance of conducting thorough research. Given the increasing prevalence of scams and fraudulent activities, ShibArmy Scam Alerts has been regularly issuing warnings to the SHIB community. In a recent update, @susbarium brought attention to ongoing scam attempts targeting users of the U.S.-based crypto exchange Coinbase within the community. The tweet highlighted an email scam, advising users to be cautious of fraudulent messages claiming that their Coinbase accounts were temporarily suspended. Users were urged not to click on any suspicious links. Earlier, the Shiba Inu community was alerted about fake SHI and TREAT tokens that were not officially available.

On-chain data shows 75% of the entire Bitcoin circulating supply is now in profit, something that could lead to a drop for the asset. Bitcoin Supply In Profit Has Registered An Uptick Recently As pointed out by an analyst in a CryptoQuant post, there may be a risk that the investors would participate in profit-taking here. The “supply in profit” is an indicator that, as its name already implies, measures the total amount of the circulating Bitcoin supply that’s currently holding an unrealized gain. The metric works by going through the on-chain history of each coin in circulation to see what price it was last moved/transferred at. If this previous price for any coin was less than the current spot price of the asset, then that particular coin is said to be holding a profit right now, and the indicator adds it up to its value. The “supply in loss” is the counterpart indicator of the supply in profit, and it naturally keeps track of the coins of the opposite type (that is, the coins with a higher acquisition price than the latest spot price). When the supply in profit goes up in value, it means that more investors are coming into profit. Generally, the more an investor gets in profit, the more likely they become to sell. So, a large amount of the supply carrying some gains can lead to a widespread selloff becoming more probable in the sector. Now, here is a chart that shows the trend in the 7-day simple moving average (SMA) Bitcoin supply in profit over the history of the cryptocurrency: As displayed in the above graph, the 7-day SMA Bitcoin supply in profit has observed a sharp surge recently. This spike in the metric has taken place as the rally in the cryptocurrency’s price towards the $31,000 level has occurred and has put a large number of investors into gains. At the current values of the indicator, coins equivalent to about 75% of the total circulating supply of the cryptocurrency are carrying some amount of unrealized profit. Naturally, this would mean that a lot of investors may be thinking about harvesting some of the gains that they have accumulated. If the holders do end up selling here, then the price of the asset could observe a drawdown, at least in the short term. From the chart, it’s visible that the current level of the indicator is around where the asset hit a local top back in April of this year, and it’s also the same value where the cryptocurrency faced resistance in early 2022. It now remains to be seen if the market can pull through this psychological barrier and allow the Bitcoin rally to continue further. BTC Price At the time of writing, Bitcoin is trading around $31,000, up 1% in the last week.

Winklevoss accused Silbert of trying to play the victim after DCG illegally froze over $1.2B. According to Winklevoss’ letter, Silbert abused the mediation process and delayed things. In an open letter, Gemini’s co-founder and president Cameron Winklevoss issued a 3-day deadline to Digital Currency Group’s (the parent company of defunct cryptocurrency lender Genesis) founder and CEO Barry Silbert. The president of Gemini has threatened legal action if Silbert and DCG do not accept the modified offer by 4 pm ET on July 6, 2023. On July 3, Winklevoss accused Silbert of trying to play the victim after DCG illegally froze over $1.2 billion in funds belonging to Gemini Earn clients in Genesis. He alleges that Silbert has ignored the bogus assertions made to creditors and has instead cultivated a deceitful mindset. According to Winklevoss: Filing of Turnover Motion President of Gemini claims that not even Sam Bankman-Fried (SBF), founder and former CEO of collapsed crypto exchange FTX, is capable of such insanity. He said that after seeing his actions had hurt others, SBF tried to make things right. According to Winklevoss’ letter, Silbert abused the mediation process and purposely caused delays to buy time. Since Genesis stopped processing withdrawals, Winklevoss claimed Silbert has had no intention of negotiating a deal with creditors and Gemini Earn clients. Winklevoss will also file a turnover motion, which would call for the immediate payment of $630M to customers and creditors of Gemini Earn. Highlighted Crypto News Today: South Africa Mandates License for Crypto Exchanges Before Year End

Accepting applications for licenses by authorities began a few weeks ago. Post FTX’s demise, crypto exchanges and businesses have been under closer scrutiny. Financial authorities in South Africa have recently demanded that cryptocurrency exchanges register by the end of the year or risk legal action. By the end of the year, South Africa’s Financial Sector Conduct Authority has mandated that cryptocurrency exchanges submit applications for operational licenses. Since accepting applications for licenses began a few weeks ago, the financial regulator has received about 20 in total. The cut-off date is December 30. Stringent Compliance Mandated Until the deadline, the FSCA will conduct enforcement proceedings against firms that have applied for a license, according to FSCA Commissioner Unathi Kamlana. The businesses may be punished or ordered to shut down if they are found to be operating illegally. Moreover, Binance, Luno (owned by Barry Silbert’s Digital Currency Group), and VALR, funded by Pantera Capital, are just a few of the big enterprises established in South Africa. These businesses are racing against the clock to get the necessary permits. South Africans were victims of some of the world’s greatest cryptocurrency frauds, which cost them billions. The Financial Sector Conduct Authority (FSCA) is coordinating crypto regulation with an “inter-governmental fintech working group.” This group includes the National Treasury and the South African Reserve Bank. After a series of crypto market failures and bankruptcies last year, regulators and lawmakers have agreed to strengthen regulations for the crypto industry. Since FTX’s demise, crypto exchanges and businesses have been under closer scrutiny. In the meanwhile, the European Union’s (EU’s) Markets in Crypto-Assets (MiCA) legislation will help standardize the sector. Additionally, a new wave in the crypto industry was brought about by Hong Kong’s implementation of new legislation to license exchanges. Highlighted Crypto News Today: Shibarium Launching Next Month? Shiba Inu Founder Drops Final Hints

The reward will be paid entirely out of donations to LITF made by the general public. After the latest updates, several users say they’ve seen an increase in issues. The Joint L1 Task Force (L1TF), a group of community-backed core developers for Terra Luna Classic, has suggested a bug bounty program to reward those who discover and responsibly disclose flaws in the system. The reward will be paid entirely out of donations to LITF made by the general public. Proposal 11602 “Luna Classic Bug Bounty Incentive Program” was posted on Twitter by the Joint L1 Task Force project manager LuncBurnArmy. Combating Increased Issues The Terra Luna Classic development team plans to reduce the circulating supply of LUNC and USTC in the third quarter, and in doing so, hopes to shed light on network faults. After the latest updates, several users say they’ve seen an increase in issues. The proposal states that a bug bounty program would improve network security and stability, encourage cooperation and usability, and compensate participants for reporting flaws. Since L1TF will be covering the costs of the bounties, no special community expenditure request is needed. L1TF’s Q3 allocation plan calls for 50 million LUNC. Moreover, all community members, outside developers, and security professionals are welcome to participate in the bug bounty program. Participants are expected to follow responsible disclosure practices and to operate in accordance with applicable laws and ethical norms. Such as not disclosing vulnerabilities to the public and not engaging in any kind of malevolent activity. In light of recent events, the majority of the community feels that network security must be tightened up. On the other hand, the community pool fund balance at Terra Luna Classic has also decreased dramatically. Especially, after three community pool expenditure requests were approved. Highlighted Crypto News Today: Recent Approvals Drain Terra Classic Community Fund Pool

Renowned crypto analysis channel BitBoy Crypto recently presented a bullish forecast for Bitcoin, projecting a potential surge to $140,000. The leading cryptocurrency, currently enjoying a strong position in the market, could be poised for a significant climb, according to AJ, an analyst from BitBoy Crypto. This forecast comes at a time when Bitcoin continues to captivate institutional investors and attract large funds interested in capitalizing on its sustained growth. Bold Bitcoin Prediction Amid Growing Institutional Interest AJ’s latest analysis for Bitcoin points to a potential climb to $140,000 in the next bullish cycle. This prediction, particularly ambitious in its scope, follows BlackRock’s recent filing for a Bitcoin Exchange Traded Fund (ETF). This move sparked a chain reaction with several other large funds submitting their own filings, further underscoring Bitcoin’s burgeoning influence in the crypto landscape. Additionally, AJ forecasted that Bitcoin is set to consolidate its share of the crypto market in the coming years. This notion stems from two key factors: Bitcoin’s distinct position as a non-security digital asset, unlike various altcoins, along with its pioneering status in the market that has garnered institutional investor attention. According to AJ, Bitcoin’s dominance in the crypto market will not wane in the foreseeable future. He, however, did not dismiss the potential for Ethereum (ETH) to possibly surpass Bitcoin in terms of market capitalization in the long term. However, from a tokenomics perspective, Bitcoin stands out significantly from most altcoins. Currently, 92% of Bitcoin’s maximum supply is in circulation, contrasting sharply with several crypto projects, where only approximately 50% of their max supply ranging from 500 million to 1 trillion tokens is in circulation. BTC Climb And Market Cap Increase Wrapping up his speculation, the BitBoy Crypto analyst surmised that Bitcoin’s value could increase to somewhere between $100,000 and $140,000 in the next bull market. Moreover, he projected that Bitcoin’s market capitalization would reach at least $2 trillion, provided his bullish thesis holds true. This BTC prediction is just one out of the many Bitcoin predictions reported in the past weeks. Last week, renowned analyst Willy Woo sets forth a prediction suggesting Bitcoin could potentially scale up to a price of $310,000 under a specific set of circumstances. These conditions included institution players allocating 5% of their Assets Under Management (AUM) into BTC. Weeks prior, another crypto analyst Credible Crypto predicted that Bitcoin could reclaim its previous peak of $69,000 based on the assumption of a continuing “parabolic advance” Regardless, BTC currently trades above $31,000 at the time of writing. The asset is up 1.4% in the past 24 hours and has a daily volume of $16.5 billion over the same period. Featured image from Shutterstock, Chart from TradingView

MATIC price is recovering from the $0.60 support zone. Polygon might rise further toward the $0.75 and $0.80 resistance levels. MATIC price is attempting a recovery wave above the $0.68 resistance against the US dollar. The price is trading above $0.70 and the 100 simple moving average (4 hours). There was a break above a key declining channel with resistance near $0.650 on the 4-hour chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.720 resistance zone. Polygon’s MATIC Price Starts Recovery After a major decline, Polygon’s price found support near the $0.60 zone. MATIC traded as low as $0.600 and recently started a recovery wave. The recent gains in Ethereum and Bitcoin also helped altcoins such as MATIC and ADA. MATIC was able to climb above the $0.65 and $0.68 resistance levels. Besides, there was a break above a key declining channel with resistance near $0.650 on the 4-hour chart of the MATIC/USD pair. The price is now trading above $0.70 and the 100 simple moving average (4 hours). A high is formed near $0.7205 and the price is now consolidating gains. It is well above the 23.6% trading above $0.70 and the 100 simple moving average (4 hours).. Immediate resistance is near the $0.720 level. The first major resistance is near the $0.75 level. If there is an upside break above the $0.750 resistance level, the price could continue to rise. Source: MATICUSD on TradingView.com The next major resistance is near $0.78. A clear move above the $0.78 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.80 level or $0.82. Downside Correction in MATIC? If MATIC’s price fails to rise above the $0.720 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.692 level. The main support is near the $0.65 level or the 50% trading above $0.70 and the 100 simple moving average (4 hours). A downside break below the $0.65 level could open the doors for a fresh decline toward $0.622. The next major support is near the $0.60 level. Technical Indicators 4 hours MACD – The MACD for MATIC/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for MATIC/USD is now above the 50 level. Major Support Levels – $0.692 and $0.650. Major Resistance Levels – $0.720, $0.750, and $0.800.

The past few days have favored altcoins with incredible gains. Among the soaring coins is MakerDAO’s governance token Maker (MKR). MKR witnessed impressive price performance in the last seven days, outpacing top cryptocurrencies with over a 48% price increase on the weekly top gainers’ chart. CoinMarketCap data shows that Maker (MKR) price recorded a significant gain of 46.78% among top gainers over the past 30 days. As of the time of writing, the token has recorded a 24-hour price increase of 12.96%. Maker’s Price Movement in The Past Week Maker’s bullish price action attracted the attention of market participants after climbing to over $1,000 from a price of $677 recorded on June 28. Although it recorded pullbacks here and there, MKR price still saw massive rallies within the past seven days. Related Reading: USDC Circulating Supply Down 38% Since Jan. 1 – Will It Affect Price? The token price experienced a slight dip after trading at $704 on June 25. However, it recovered momentum and rose from $677.88 on June 28 to $834 on June 30, a 21% increase from the June 28 opening price. Maker rode a consistent bullish wave to its current price of $1,032, with a 49% gain over the past seven days. Since the start of June, MKR has recorded two major price rallies. From July 1, MKR’s price surged 21%, rising above $830 from $687 on June 30. MKR token’s valuation increased by 8% in the early hours of July 3, bringing the price to $929.87, a 3-month high since March. The token’s trading volume has also spiked, suggesting increased market activity and buying pressure. At press time, Maker’s trading volume is at $117 million, with a 71.53% increase in the last day. Maker saw a sharp spike in trading volume from June 28. The trading volume went from $25 million to $126 million on June 30 before dipping below $70 million. However, data shows the bulls are back as the uptick in trading volume resumed on July 3 and now stands at $125 million. Moreover, the overall protocol performance has improved. MakerDAO is in second place in DefiLlama’s protocol rankings. It is trailing behind Lido with a TVL of $6.205 billion. The protocol recorded a 24-hour decline of 0.92% and a 1-month increase of 0.97%. Factors Influencing Maker (MKR)’s Price Performance The specific factor driving MKR’s price action remains unclear. But the overall positive sentiment in the broader crypto market appears to have robbed off on the token. Spark Protocol, a Maker-powered lending platform launched on May 8, 2023, and appears to have received increased user interest. Spark Protocol developers, Phoenix Labs, launched a multi-chain proposal for Spark Protocol to allow cross-chain deposits and withdrawals for DAI borrowers. Currently, DAI borrowing on Spark Protocol has surpassed the previous debt ceiling of 5 million DAI to 8.16 million. This suggests increased lending activity in the protocol, increasing MKR transactions since it is the utility token for Spark Lending.

Data from Santiment shows XRP and Cardano, among other altcoins, may be the ones worth keeping an eye on in the coming days. Social Dominance Of Altcoins Like XRP & Cardano Has Remained Low Recently According to data from the analytics firm Santiment, Bitcoin is seeing the greatest attention in the market right now, while some of the alts aren’t being talked about that much. The indicator of interest here is “social dominance,” to understand which the “social volume” needs to be looked at first. The social volume is a metric that measures the total amount of unique social media posts/threads that are making mentions of a given asset or term. By “unique,” what’s meant here is that the indicator only counts these posts once regardless of how many times they mention the term (obviously, as long as they make at least one mention). If the metric counted the pure number of mentions instead, then a thread with a large number of mentions could raise the count by itself, even if mentions may be low everywhere else on social media. Thus, to obtain a more accurate representation of the trend in the wider market, the social volume only considers unique posts. Now, social dominance is an indicator that compares the social volume of a given cryptocurrency with the combined social volume of the top 100 assets (by market cap) in the sector. Here is a chart that shows the trend in the social dominance of the five largest coins in the market: Bitcoin (BTC), Ethereum (ETH), BNB (BNB), XRP (XRP), and Cardano (ADA): As displayed in the above graph, the social dominance of Bitcoin has been high since the rally started around the start of the year. The asset has been leading the price surge in these last few months, so it’s not particularly surprising that the interest in the cryptocurrency has been elevated during this period. Discussions around BTC on social media had been dropping slightly last month when FUD had been going around in the market, but with the latest leg in the rally above the $30,000 level, interest has once again spiked in the coin. While this has happened, however, the other top assets like XRP have only observed a sideways trend or a drawdown in their respective social dominance. This would imply that these cryptocurrencies have failed to garner any significant attention during the last couple of weeks. The amount of discussion that Bitcoin is seeing, though, isn’t always a good sign, as too much excitement has historically often resulted in the formation of a local top. On the contrary, as the alts aren’t getting too much attention currently, they may have the potential for observing more price rise. Cardano, BNB, and XRP, in particular, have pretty low values of the indicator right now, which, according to Santiment, makes them worth keeping an eye on. XRP Price At the time of writing, XRP is trading around $0.48, up 1% in the last week.

The Solana (SOL) price is currently at a crucial turning point, which will be of decisive importance for the coming weeks. If the SOL bulls manage to leap above the currently most important resistance, a rally of up to 40% could be on the cards. If the bulls lose the upper hand, another plunge of up to 21% could be imminent. Crucial Moment For The SOL Price An analysis of the 1-day chart using Fibonacci retracements shows that the SOL price is at a pivotal point for the coming weeks. At the time of writing, SOL was trading at $19.19, just below the 38.2% Fibonacci retracement level. So far, SOL bulls have failed to break above this level at $19.72. If successful, the price level above $21, at which SOL was trading before the U.S. Securities and Exchange Commission (SEC) classification of the Solana token was announced, would again be within reach. A bit further up, the 200-day Exponential Moving Average (EMA) awaits the SOL price at $22.05 – an indicator often described as a “bull line” that SOL investors have been unable to break above since April 2022. In this bullish scenario, the 200-day EMA can be considered as the second most important challenge for SOL bulls. An upside break could allow the price to rise to the 61.8% Fibonacci retracement level at $27.00, which also marked the year-to-date high, potentially marking a 40% rally. At this level at the latest, a preliminary pause in the rally is to be expected. In a bearish case, SOL fails to capture the 38.2% Fibonacci retracement level. In this case, a drop towards $15.30 is conceivable, which would represent a price loss of around 21%. Solana Displays Strong Fundamentals The renewed momentum in Solana’s price can also be attributed to strong fundamentals. Last Friday, June 30, Solana surpassed Ethereum in 24-hour NFT volume for the first time ever. Solana NFTs saw a surge in trading volume to $25.5 million, up over 1,900% day-over-day (compared to +28%, or $24.6 million for Ethereum). Moreover, Drift Protocol’s “Super Stake” is also currently causing a stir in the Solana ecosystem. Risk-averse traders can earn an additional 10% return by leveraging Solana Staking derivatives. Marinade-SOL (mSOL) from Marinade Finance is the preferred derivative, enabling traders to deposit mSOL tokens as collateral and borrow additional SOL tokens for continuous restaking, multiplying returns up to three times. This concept draws parallels with Ethereum’s MakerDAO and its stETH Yield Multiple Staking via Aave. While there are inherent risks, demand for Super Stake remains high, pushing Solana’s maximum utilization. Super Stake serves as a catalyst for the battered DeFi ecosystem, driven by the booming NFT market. Solana’s resilience, coupled with innovative solutions like Super Stake, positions SOL for a bullish breakout.

Bitcoin price crossed the $31,000 mark, while Ethereum is nearing the $2,000 milestone. BlockRock and other several companies refiled the Bitcoin ETF application. Bitcoin (BTC) and Ethereum (ETH) the crypto giants in the market showing positive momentum with significant price rally. The king of the global crypto market Bitcoin crossed an impressive $31,350 range. Similarly, the second largest cryptocurrency Ethereum nearing the $2K mark. The surge in Bitcoin’s price can be attributed to the renewed interest generated by several prospective Bitcoin ETF issuers who resubmitted their applications. This development sparked a rally in the world’s largest digital asset. BTC price surpassed the $31,000 level and reached $31,350. ETH price climbed to $1,980, which is the highest since April 17. Top Cryptos Bitcoin & Ethereum Price Status At the time of writing, BTC traded at $31,021.58, with a 24 hour trading volume of $16 billion, surged over 38%. Over the course of a single day, the BTC price surged by more than 1.5%, and over the span of a week, it recorded a 3% increase. Moreover, since the beginning of the year, the top cryptocurrency price also witnessed an impressive surge of over 89%. Bitcoin (BTC) Price Chart (Source: CoinMarketCap) On the other hand, Ethereum traded at $1,955.40, displaying a 24-hour trading volume of $6.7 billion. In the past 7 days, the price of ETH rose by approximately 4.5%, and since the beginning of 2023, it has experienced a significant increase of 63%. Ethereum (ETH) Price Chart (Source: CoinMarketCap) These remarkable price rallies indicate a renewed wave of optimism and interest in the cryptocurrency market, as both Bitcoin and Ethereum continue to attract attention and investment from traders and investors alike. Recommended for you Ethereum (ETH) Price Prediction 2023

Shibarium’s long-awaited launch draws near, igniting excitement among the Shiba Inu Community. Shytoshi’s cryptic messages spark anticipation for Shibarium’s imminent release. Shiba Inu founder Shytoshi yet again captured the attention of the dog community through cryptic messages on his Telegram chats. Shy who is Known for his playful hints, recently dropped clues that the long-awaited Shibarium launch might be just around the corner. Despite having played these hint games before, the Shiba Inu community remains undeterred in their excitement. And the anticipated community believes that the launch of the Shibarium will be next month. Shiba Inu Community’s Wait Finally Over ? Shibarium Launch Nears In the intriguing exchanges within the Telegram group, Shytoshi asserted, “No Shib 2.0 stop being scammed,” in a bid to steer the community away from any potential fraudulent schemes. The Shiba Inu founder went on to urge followers to support the upcoming launch rather than falling prey to deceitful projects. Shytoshi’s dedication to Shibarium‘s development was evident when he explained, “I’m too busy starting the launch process of a blockchain. Dyodr!” This statement reaffirmed his commitment to delivering a secure blockchain, and that it tickled the final countdown. Adding to the mystery, Shytoshi shared an intriguing analogy about a pilot in a cockpit,. It indicated that progress towards the launch was well underway. “And seriously… when the pilot is in the cockpit switching switches and the seat belt light is on. And the attendant is talking about safety and stuff DONT ASK THE PILOT WEN,” Shytoshi emphasized, sending a clear message that the launch was progressing smoothly. Meanwhile,The news spread like wildfire across social media platforms. And Twitter was ablaze with posts about the potential release of Shibarium. Hashtags like #SHIB and #Shibarium trended, with users expressing their eagerness. As the final countdown seemingly commenced, the excitement soared to new heights, as it promised a remarkable milestone. But the other side of the Shiba Inu seems like losing hope since the waiting takes a toll.

Coinbase, a prominent United States cryptocurrency exchange, has recently witnessed an upswing in its COIN share prices. This surge comes on the heels of the world’s largest asset manager, BlackRock, choosing Coinbase as a surveillance partner for its re-filed Bitcoin ETF application. In the limelight of this crypto-mainstream finance crossover, Coinbase’s shares have soared by a nearly 12% over the past day. Renewed BlackRock Application Spurs Coinbase Growth Nasdaq disclosed on July 3 that BlackRock, the eminent entity in worldwide asset management, had updated its proposal for a spot Bitcoin ETF, incorporating new specifics about a ‘surveillance-sharing agreement’ with Coinbase. This news triggered a bullish response in the market, and Coinbase shares skyrocketed, marking a significant day in the crypto market landscape. The details in the application outline an agreement between Nasdaq and Coinbase forged last month. The pact, intended to “supplement the exchange’s market surveillance program,” provides Nasdaq access to spot BTC trade data. The report revealed that should BlackRock’s Bitcoin ETF gain approval, Nasdaq expects to leverage the data obtained from Coinbase in surveilling the trading. Notably, the regulatory landscape around cryptocurrencies in the US remains a hotbed of speculation and anticipation. While the Security and Exchange Commission (SEC) has granted approval to a number of futures-based ETFs, a spot-based one, physically backed by the asset as opposed to CME contracts, has not yet been given the green light. Refiled applications for multiple companies looking to launch spot BTC funds emerged last week, facilitated by Cboe. This includes Fidelity, WisdomTree, VanEck, and Invesco, all of which have listed Coinbase as a surveillance-sharing partner, further amplifying Coinbase’s critical role in the process. Nate Geraci, the President of ETF Store, believes that the launch of a spot Bitcoin ETF will shatter previous ETF launch records. It is worth noting that with such optimistic industry sentiments, Coinbase’s crucial part in this narrative solidifies their importance. COIN Surges Nearly 12% In response to BlackRock’s endorsement, Coinbase shares saw an upsurge of nearly 12% in the past day. Consequently, COIN is trading just below $80, at the time of writing up by 11.71%. The company stock has since been in a bullish trend since the beginning of 2023, outpacing the crypto market, which has gained roughly over 50% in the same period. Particularly, larger crypto assets such as Bitcoin and Ethereum have seen a massive surge since the year began, and BTC currently trades above $30,000 after briefly trading at $31,000 yesterday. Ethereum on the other hand has followed the BTC movement closely, surpassing the $1,900 mark. Currently, the asset is looking to break past the $2,000 region as it trades at a price of $1,952, at the time of writing. Featured image from Shutterstock, Chart from TradingView

USDC experienced a notable decrease in its circulating supply during the weekend, causing ripples of concern within the cryptocurrency market. According to data from CoinGecko, the stablecoin’s circulating supply dwindled by over 2%, falling from $27.9 billion on June 30 to $27.3 billion in less than 48 hours. This sudden drop has intensified existing worries regarding the stability and long-term viability of stablecoins in the volatile world of cryptocurrencies. Since the beginning of the year, the total supply of USDC has exhibited a downward trajectory, plunging by a staggering 38%. This continuous decline raises questions about the underlying factors contributing to the diminishing supply of USDC and its potential impact on the broader cryptocurrency ecosystem. Declining Circulating Supply And Its Impact On USDC’s Price The decrease in USDC’s circulating supply can have significant implications for its price and overall value. As the supply of a stablecoin decreases, its scarcity may result in increased demand from investors and traders. If the demand for USDC remains steady or rises, the reduced supply could potentially push its price higher, following the basic principles of supply and demand economics. However, this effect may not be linear, as other factors such as market sentiment, regulatory developments, and the overall performance of the broader cryptocurrency market can also influence USDC’s price movements. Market Perception And Trust Concerns The declining circulating supply of USDC might also trigger questions regarding the underlying reasons behind the reduction. Investors and users may question the transparency and credibility of the stablecoin’s issuer or the overall health of its backing reserves. Any perceived lack of clarity or uncertainty could lead to reduced trust in USDC, causing some participants to seek alternative stablecoin options or even exit the market altogether. Consequently, the trustworthiness and regulatory compliance of stablecoin issuers will come under increased scrutiny, underscoring the need for greater transparency and accountability within the industry. Regulatory Scrutiny The dwindling supply of USDC could also attract the attention of regulators and policymakers, who are increasingly keeping a close eye on the stablecoin space. Regulators have expressed concerns about the potential systemic risks associated with stablecoins, especially those with a significant market share. A decline in the circulating supply might amplify these concerns and prompt regulatory bodies to take more aggressive actions to oversee and regulate stablecoin operations. Increased regulatory scrutiny could introduce new compliance requirements, which may impact stablecoin issuers and the broader cryptocurrency market. Notably in March, the stablecoin experienced a temporary detachment from its peg to the dollar, which occurred in the aftermath of multiple cryptocurrency bank failures. In response to potential liquidity challenges related to US Treasury bonds, the company behind USDC, Circle, took proactive measures. They made the strategic choice to shift their investment focus towards short-term maturity bonds. This decision was aimed at safeguarding the stablecoin’s value and addressing concerns about the stability of its backing reserves. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from WorldCoin

The Swiss women’s national team and a group of digital artists have created 756 portraits. Collectors of these NFTs will have the chance to meet and greet the brilliant athletes. Credit Suisse has taken a giant leap in its support of women’s football in Switzerland by releasing an NFT art collection in collaboration with the Swiss Football Association (SFA). This partnership has two main goals. The first is to increase awareness of the sport. And second is to help the national team and upcoming young women’s football talent in the country financially. Credit Suisse and the SFA want to use non-fungible tokens (NFTs) to transform the intersection of art and sports. Thus, paving the door for exciting new possibilities. Moreover, Credit Suisse’s foray into the exciting realm of NFTs is evidence of the bank’s determination to remain competitive in the rapidly evolving digital financial services industry. Chance to Meet Athletes In a groundbreaking effort, the Swiss women’s national team and a group of digital artists have created 756 portraits of each player. That fans and art lovers may see and purchase to help fund the development of the sport. According to the bank’s website, the NFT collection will be sold only via the CSX app beginning on July 11 and running through August 31. The head of digital assets at Credit Suisse, Daniel Gorrera, emphasized the thoughtful design decisions taken to streamline the user experience and facilitate interaction with the developing NFT ecosystem. This partnership not only gives the public a fresh and exciting way to experience art, but it also paves the door for the creative use of digital assets in alternative business and funding models. The benefits of owning a piece from the NFT collection transcend beyond the domain of cyberspace and into the real world. A press statement claims that collectors of these one-of-a-kind NFTs will have the chance to meet and greet the brilliant athletes whose work is included in the series. Highlighted Crypto News Today: Crypto ATM Firm Bitcoin Depot Finally Debuts on Nasdaq

Following its highly successful flagship event held in Dubai in March of this year, the World Blockchain Summit is set to return to Singapore. The World Blockchain Summit Singapore aims to bring together investors, enterprises, industry leaders, and entrepreneurs to explore collaboration and investment opportunities and to stay abreast of the latest developments and advancements in the field of blockchain technology. In recent years, Singapore has emerged as a leading hub for blockchain and cryptocurrency development. The country’s favorable regulatory environment, robust infrastructure, and highly skilled workforce have attracted numerous blockchain-based startups and established players in the industry. The Monetary Authority of Singapore (MAS) has been supportive of the industry, providing a clear regulatory framework for digital assets and establishing initiatives to promote blockchain development. Given the favorable conditions for blockchain innovation and development in Singapore, the upcoming World Blockchain Summit in Singapore presents a unique opportunity for blockchain entrepreneurs, startups, and individuals seeking to advance their businesses through the blockchain. The summit will offer a platform for accessing funding opportunities and expert guidance, enabling attendees to take their businesses to the next level. #WBSSingapore will feature keynote speeches, panel discussions, and presentations from leading blockchain experts and visionaries. The agenda will cover several important topics, including: What Web 3.0 means for enterprises NFT Market Overview: Trends & Opportunities Bridging deFi and ceFi Value Creation in the metaverse Looking into The Future of Web3 DAOs: A Business-Building Opportunity Digital Asset Solutions for Business Regulation of Crypto Assets The Big Picture: Market Outlook for 2023 The event comprises: A space for exhibiting ground-breaking projects. A designated area for investors to explore potential deals. Opportunities to network with prominent figures and pioneers in the industry. Singapore boasts over 400 blockchain-related firms, and with the proliferation of decentralized finance (DeFi) and non-fungible tokens (NFTs), investors are increasingly seeking opportunities in Web3 startups and projects. Our goal at World Blockchain Summit Singapore is to bridge the gap between investors and startups by introducing them to innovative projects and founders. We believe that this platform will help bridge the gap between investors and startups in the blockchain space, and contribute to the growth of this exciting industry.” – Naveen Bharadwaj, Group CEO of Trescon. Registration for the World Blockchain Summit Singapore is now open, and early bird tickets are available for a limited time. Don’t miss this opportunity to be part of the world’s most exciting blockchain and crypto event of the year. About World Blockchain Summit (WBS) World Blockchain Summit (WBS) is a part of Trescon, a rapidly growing company that organizes emerging tech events. It aims to support the growth of Web 3.0 globally. The management team has over 20 years of experience managing successful conferences, expos, and summits. Additionally, WBS works with web 3.0 industry leaders and innovators as advisors to ensure alignment with current market trends and needs. WBS is the world’s longest-running blockchain, crypto, and web 3.0-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web 3.0 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others. To book your tickets, visit: https://bit.ly/WBSG-GAINACCESS For inquiries, Contact: [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The bill is a compromise of 19 separate proposals from different legislators. According to the Assembly’s website, the legislation would become effective in one year. The Virtual Asset User Protection Act, the first law in South Korea specifically pertaining to cryptocurrencies, was recently passed by the National Assembly. Thus, marking a major step forward in protecting investors. According to the Assembly’s website, the legislation would become effective in one year. The bill is a compromise of 19 separate proposals from different legislators. There is widespread support for regulating South Korea’s budding crypto economy. As seen by the fact that a cross-party coalition of legislators is spearheading the project. The legislation’s goals are to identify digital assets, penalize unethical behavior, and guarantee that service providers adhere to standards meant to protect investors’ capital. In addition to keeping records of all transactions. These service providers must carry insurance, and retain some reserves in offline cold wallets in case of hackers or system failures. Global Crypto Hub Race Hwang Suk-jin, a member of the ruling People Power Party’s Digital Asset Special Committee, is a prominent player in this effort. Hwang has voiced his support for the proposal. Claiming that the proposed measure would secure the rights of those who invest in virtual assets. And make the cryptocurrency market more stable. South Korea, one of the most vibrant cryptocurrency economies and a rapidly growing hub for digital assets, has enacted the Virtual Asset User Protection Act in an effort to take full advantage of the sector’s prospects. Legislators’ efforts in the next year will likely determine how prominent a role South Korea plays in the industry. Amid the recent crackdown by U.S. regulators, countries are trying to lure investors by offering clear regulatory frameworks. Highlighted Crypto News Today: BlackRock Refiles ETF Application Naming Coinbase as Surveillance Partner

The price of firms’ stock increased significantly post the recent event and is up 12%. Bitcoin Depot claims to operate 6,440 Bitcoin ATM kiosks in North America. Crypto ATM firm Bitcoin Depot had its public debut on the Nasdaq stock market today. A merger with GSR II Meteora, a blank check firm, was announced last week. At the time of writing, shares of Bitcoin Depot (BTM) were trading on the Nasdaq for $3.61. The price increased significantly post the recent event and is up 12%. Bitcoin Depot founder and CEO Brandon Mintz stated: Striving Despite Regulatory Hurdles Bitcoin Depot, headquartered in Atlanta, Georgia, claims to operate 6,440 Bitcoin ATM kiosks in North America. Traders who don’t want to bother with opening an account with an exchange may use these ATMs to buy and sell coins and tokens fast. When traditional financial institutions refuse to process Bitcoin transactions, Bitcoin ATMs might be a lifesaver. After the United States Internal Revenue Service (IRS) raised the alarm about how they may be used by money launderers, the Financial Crimes Enforcement Network (FinCEN) in the United States began regulating the previously anonymous corporation. On the other hand, the crypto market has rebounded with Bitcoin maintaining stability over the $30k level. Moreover, smaller Bitcoin wallets, or “shrimps,” have been aggressively amassing Bitcoin in substantial sums, as reported by on-chain data aggregator Glassnode. According to the data presented, these shrimps with balances of less than 1 BTC have acquired more than 33,400 Bitcoins over the course of a single month. Highlighted Crypto News Today: BlackRock Refiles ETF Application Naming Coinbase as Surveillance Partner

Bullish FLOW price prediction for 2023 is $0.808 to $1.412. Flow (FLOW) price might reach $1 soon. Bearish FLOW price prediction for 2023 is $0.243. In Flow (FLOW) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about FLOW to analyze the future movement of the cryptocurrency. Flow (FLOW) Current Market Status Current Price $0.6643 24 – Hour Trading Volume $138,009,701 24 – Hour Price Change 12.80% down Circulating Supply 1,036,200,000 All – Time High $46.16 (On April 05, 2021) FLOW Current Market Status (Source: CoinGecko) What is Flow (FLOW)? Flow (FLOW) is the native cryptocurrency of the Flow blockchain. Flow blockchain is a layer-1, peer-to-peer (P2P), and user-friendly blockchain. Dapper Labs revealed the plan of launching the Flow blockchain in 2019. Flow uses the proof-of-stake (PoS) consensus protocol to secure the blockchain. The network possesses four kinds of nodes: Collector (for efficency), Execution (for speed and scalability), Verifier (for Accuracy), and Consensus (for decentralization). Flow’s creator Dapper Labs are well-known for creating and launching projects like Cryptokitties, and NBA TopShot. Flow (FLOW) serves as the payment and governance token within the flow ecosystem. Users pay FLOW to access the services and create dApps. They can also take part in securing the blockchain by staking FLOW tokens. Flow (FLOW) Price Prediction 2023 Flow (FLOW) ranks 57th on CoinMarketCap in terms of its market capitalization. The overview of the Flow price prediction for 2023 is explained below with a daily time frame. FLOW/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Flow (FLOW) laid out a descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market. At the time of analysis, the price of Flow (FLOW) was recorded at $0.7452. If the pattern trend continues, then the price of FLOW might reach the resistance levels of $1.080 and $1.422. If the trend reverses, then the price of FLOW may fall to the support of $0.467. Flow (FLOW) Support and Resistance Levels The chart given below elucidates the possible resistance and support levels of Flow (FLOW) in 2023. FLOW/USDT Support and Resistance Level (Source: Tradingview) From the above chart, we can analyze and identify the following as the resistance and support levels of Flow (FLOW) for 2023. Resistance Level 1 $0.808 Resistance Level 2 $1.412 Resistance Level 3 $0.441 Support Level $0.243 FLOW/USDT Support and Resistance Level As per the above analysis, if Arbitrum’s (FLOW) bulls take the lead, then it might hit and break through its resistance level of $1.412. Conversely, if Arbitrum’s (FLOW) bears dominate the trend, the price of FLOW might plunge to $0.243. Flow (FLOW) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Flow (FLOW) are shown in the chart below. FLOW/USDT RVOL, MA, RSI (Source: Tradingview) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Flow (FLOW) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the FLOW price lies above 50 MA (short-term), indicating its uptrend. Hence, FLOW is in a bullish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of FLOW is at 70.36. Therefore, this indicates FLOW is in overbought state. Flow (FLOW) Price Prediction 2022 — ADX, RVI In the below chart, we analyze the strength and volatility of Flow (FLOW) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). FLOW/USDT ADX, RVI (Source: Tradingview) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of FLOW lies in the range of 24.247 pointing out a weak trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of FLOW lies above 50, indicating high volatility. Comparison of FLOW with BTC, ETH Let us now compare the price movements of Flow (FLOW) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs FLOW Price Comparison (Source: Tradingview)) From the above chart, we can interpret that the price action of FLOW is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FLOW also increases or decreases respectively. Flow (FLOW) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Flow (FLOW) between 2024 and 2030. Flow (FLOW) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Flow (FLOW) might successfully test and surpass its resistance levels to hit $3 by 2024. Flow (FLOW) Price Prediction 2025 The significant upgrades in the Flow ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Flow (FLOW) price to reach $5 by 2025. Flow (FLOW) Price Prediction 2026 If Flow (FLOW) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $7. Flow (FLOW) Price Prediction 2027 If Flow (FLOW) sustains major resistance levels and stands as a better investment option in the market, then FLOW would rally to hit $9. Flow (FLOW) Price Prediction 2028 If Flow (FLOW) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then FLOW would hit $11 by 2028. Flow (FLOW) Price Prediction 2029 If investors flock in and continue to place their bets on Flow (FLOW), then the crypto would witness major spikes. Hence, FLOW might hit $13 by 2029. Flow (FLOW) Price Prediction 2030 By 2030, the FLOW price might rally to $15 if the trend momentum aligns in favor of Arbitrum. Furthermore, FLOW would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Flow (FLOW) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Flow (FLOW) price prediction for 2023 is $1.412. Comparatively, the bearish Flow (FLOW) price prediction for 2023 is $0.243. If there is a positive elevation in the market momentum and investors’ sentiment, then Flow (FLOW) might hit $1. Furthermore, with future upgrades and advancements in the Flow ecosystem, FLOW might surpass its current all-time high (ATH) of $46.16 and mark its new ATH. FAQ 1. What is Flow (FLOW)? Flow (FLOW) is the native token of the Flow blockchain. Flow is a peer-to-peer, layer 1 blockchain that operates based on the proof-of-stake (PoS) consensus with a multi-nodes model. 2. Where can you buy Flow (FLOW)? Traders can trade Flow (FLOW) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, Bitrue, and Bybit. 3. Will Flow (FLOW) record a new ATH soon? With the ongoing developments and upgrades within the Flow platform, Flow (FLOW) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Flow (FLOW)? Flow (FLOW) hit its current all-time high (ATH) of $46.16 on April 05, 2021. 5. What is the lowest price of Flow (FLOW)? According to CoinMarketCap, FLOW hit its all-time low (ATL) of $0.4354 On June 10 2023. 6. Will Flow (FLOW) hit $1? If Flow (FLOW) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon. 7. What will be the Flow (FLOW) price by 2024? Flow (FLOW) price might reach $3 by 2024. 8. What will be the Flow (FLOW) price by 2025? Flow (FLOW) price might reach $5 by 2025. 9. What will be the Flow (FLOW) price by 2026? Flow (FLOW) price might reach $7 by 2026. 10. What will be the Flow (FLOW) price by 2027? Flow (FLOW) price might reach $9 by 2027. Top Crypto Predictions Solana (SOL) Price Prediction 2023 Litecoin (LTC) Price Prediction 2023 Compound (COMP) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Shiba Inu (SHIB), a dog-themed cryptocurrency, has recently made headlines with significant growth in the second quarter of the year, as indicated by the daily number of new addresses according to the blockchain analytics platform, IntoTheBlock. This development implies a surge in market interest for Shiba Inu, despite its challenges during the same period, the report suggested. Related Reading: Shiba Inu Leads With Highest Number of Fake Twitter Followers, Data Reveals Substantial Growth Amid Challenges Shiba Inu’s performance in the second quarter might initially seem contradictory. While the meme coin faced several adversities, on-chain data hints at a noticeable resurgence of interest in the market. This dichotomy becomes clear in IntoTheBlock’s recent quarterly report, which showed SHIB experiencing a significant increase in daily new addresses during Q2. The data points towards more than 4,000 new addresses recorded for SHIB on June 27, a landmark achievement for the digital asset. The number signifies roughly a 357% increase from the quarterly low of 877 new addresses seen on May 21. This sharp rise suggests an expansion in the Shiba Inu user base and heightened engagement from traders and investors in the Shiba Inu ecosystem. Peak In Daily Active Addresses Alongside an influx of new addresses, Q2 also saw a notable surge in daily active addresses for Shiba Inu. Data analytics provider Santiment revealed an escalation of 24-hour active addresses for SHIB. On June 11, the figure surged to a high of 42,822. This is the most substantial daily active address count the digital asset has seen in over a year. It is worth noting that these substantial increases in new and active addresses suggest a growing interest and belief in SHIB among crypto enthusiasts. Meanwhile, the SHIB token price has increased in the past few days, with the meme coin breaking multiple resistance levels. SHIB is trading at $0.00000772, up 2.3% over the past two weeks. The token currently has a market capitalization of $4.5 billion, making it the 16th largest cryptocurrency by market cap. SHIB’s daily trading volume has ranged in the past 7 days. Shiba Inu volume has ranged from as low as $106 million last Monday to $102 million in the past 24 hours. The rise in the price of the SHIB token can be linked to the prevailing optimistic outlook in the cryptocurrency market. As Bitcoin, the top-ranking cryptocurrency in market capitalization, has been on a bullish trajectory, recently surpassing $31,000, it has created a favorable effect on the value of other digital currencies with SHIB included. Featured image from Shutterstock, Chart from TradingView