Hong Kong’s banking regulator has been putting pressure on major banks. Major financial institutions are wary of working with the cryptocurrency industry. In spite of Hong Kong’s efforts to become Asia’s cryptocurrency capital, major financial institutions remain hesitant to join the trend. According to the most recent FT article, Hong Kong’s banking regulator has been putting pressure on major banks. These include Standard Chartered and HSBC for working with cryptocurrency exchanges. The Hong Kong Monetary Authority (HKMA) reportedly recently questioned the two UK-based lenders and the Bank of China. On why they are not prepared to handle crypto customers, according to sources familiar with the subject. Wary of U.S Like Situation The Financial Times has obtained a letter from the HKMA dated April 27 in which the regulator advises banks not to “create undue burden” while doing due diligence on cryptocurrency businesses, especially “for those setting up an office in Hong Kong to look for the opportunities here.” Even while no country has outright banned cryptocurrencies, major financial institutions are nonetheless wary of working with the cryptocurrency industry for fear of legal repercussions if customers use cryptocurrency exchanges for criminal purposes like money laundering. However, this may be a setback for Hong Kong’s efforts to become a cryptocurrency hub for the world. The US Securities and Exchange Commission (SEC) sued cryptocurrency exchange Coinbase last week for allegedly breaking federal securities laws. It wasn’t long before the Hong Kong lawmaker extended an invitation to Coinbase to open an office in the territory. Recent events, however, have placed financial institutions in a precarious situation. There is a lot of pressure on banks to support crypto and exchanges, according to a senior executive who spoke during a meeting of the banks. However, banks must walk a fine line between receiving encouragement to support crypto and exchanges and remaining aware of the US situation. The executive continued, adding that banks are torn between wanting to support the growth of the business if it is a policy of the Hong Kong government and worrying about being investigated for potential violations of anti-money laundering and know-your-customer regulations.

Over 206 quadrillion BABYDOGE burned, which is 50.93% of its max supply. Baby Doge Coin is in the overbought stage. In a groundbreaking move, the Baby Doge Coin (BABAYDOGE) community and team have embarked on a massive token burn, resulting in the destruction of over 206 quadrillion (50.93%) BabyDoge tokens. This unprecedented initiative has set the stage for a surge in value and renewed investor interest in the memecoin. According to official reports from the BabyDoge burn portal, an astounding 3,197,460,341,152 BABYDOGE tokens, with an estimated value of $4,359, were burned within the last 24 hours alone. This significant burn has propelled the project closer to its goal of “reducing the token supply and increasing scarcity.” Baby Doge Coin (BabyDoge) Burn Status (Source: Babydogeswap) BabyDoge Supply Shrinks The Baby Doge Coin team has been at the forefront of this extraordinary effort, taking the lead in burning a staggering 69 trillion BABYDOGE ($95,295) by the community through the burn portal. Their proactive approach has resonated with the community, creating a sense of unity and commitment toward driving the project’s success. Further, with the latest burn, the amount destroyed now stands at an impressive 206,092,848,778,265,376 ($280,997,340) BabyDoge tokens, which accounts for a remarkable 50.93% of the initial total supply of 420 quadrillion tokens. This substantial reduction in supply has sparked excitement among investors, as scarcity often translates into increased value and potential returns. Now the total circulating supply stands at 152 quadrillion meme tokens. Despite this, Baby Doge Coin traded at $0.000000001367. Which soared by around 2.8% in a day and 52% in the year to date, as per Tradingview data. Also, the meme coin RSI indicates that BABYDOGE is in an extremely overbought stage. However, the BabyDoge team has provided a detailed breakdown of the massive burn figure, highlighting the significant progress made. They aim to create a more sustainable and valuable ecosystem for BabyDoge holders by significantly reducing the token supply. Recommended for you Baby Doge Coin (BABYDOGE) Price Prediction 2023

Dubai, United Arab Emirates, June 15th, 2023, Chainwire UAE to serve as strategic global and regional business hub, OKX to expand to 30 staff OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that OKX Middle East Fintech FZE (OKX Middle East) has received a Minimal Viable Product (MVP) Preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA). The UAE is a key strategic growth and business hub for OKX globally and in the region, and the company plans to scale OKX Middle East’s operations. As part of this effort, OKX has opened a new office in Dubai World Trade Center, and will seek to expand its number of Dubai staff to 30 with a focus on local hires and senior management. OKX also plans to extend its nine-figure brand partnerships to the UAE with customer and fan-focused activations and activities. The MVP preparatory licence allows approved licensees to fulfill all pre-conditions required to undertake MVP operations within the VARA regime. Once licensed to be operational, OKX Middle East will be able to extend its approved suite of duly regulated virtual assets activities and will provide spot, derivatives, and fiat services, including USD and AED deposits, withdrawals and spot-pairs, to institutional and qualified retail customers. For more information on OKX, please visit OKX.com. About OKX OKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users. OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps. OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com About VARA Dubai Virtual Assets Regulatory Authority [VARA] is the world’s first specialized regulator for the Virtual Assets sector. Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy. This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Contact Marc Rognon [email protected]

David argues the Uniswap V3 engine is not as decentralized as many may imagine. Exchange can’t be truly decentralized if its underlying technology isn’t open source. Uniswap (UNI) may have been an early player in the Decentralized Finance (DeFi) ecosystem. But Ripple’s vocal CTO David Schwartz recently pointed out that this doesn’t make it a decentralized business. There has been backlash over the Ripple CTO’s comments that Uniswap is not a decentralized platform. This debate concerning the platform’s decentralization originated in a larger Twitter issue about the centralization of open-source protocols. Questions Over Not Being Open Source Ripple’s chief technology officer (CTO) stood by his previous statements that an exchange can’t be truly decentralized if its underlying technology isn’t open source. Schwartz elaborates by claiming that Uniswap Labs likely opted not to make the V3 engine open source due to the governance mechanism that comes with the V1 and V2 forks. In light of the US Securities and Exchange Commission’s (SEC) increasing crackdowns on crypto platforms. Businesses that cater to persons who may be viewed as a single entity whose actions would create income for those individuals have awakened. Most crypto firms and associations are being cautious to stay out of legal issues. Despite the fact that the definition of common interest under the Howey Test is still up for discussion. The Ripple CTO argues the Uniswap V3 engine is not as decentralized as many may imagine, but the problems with earlier versions are expected to be resolved in the next V4 engine. The Uniswap V4 engine includes several features, including the ability to collect feedback that may be used to refine the protocol before it is officially released. A pioneer in the usage of the Automated Market Maker (AMM) engine currently standard in most DEXs, Uniswap has gone a long way in a short period of time to become the protocol with the greatest trading volumes among other comparable firms. Recommended For You: Ripple (XRP) Price Prediction 2023 — Will XRP Hit $2 Soon?

Global cryptocurrency market cap declined to a March low. Bitcoin (BTC) price decreased by over 4% In a significant shift for the global crypto market, the total market capitalization has seen a decline of 3.83%, reaching $1.02 trillion. This marks the first time since mid-March 2023 that the crypto market cap has experienced a notable downturn. Global Crypto Market Cap Status (Source: CoinMarketCap) The downturn is likely to raise concerns among investors and traders in the crypto market. Analysts attribute this decline to various factors, including increased regulatory scrutiny, a major SEC lawsuit against the largest cryptocurrency exchanges such as Binance and Coinbase, and market volatility. The decline in total market capitalization reflects a broader trend of price corrections across multiple cryptocurrencies. While some individual cryptocurrencies may have experienced more significant drops, the overall market sentiment appears cautious. At the time of writing, market titan Bitcoin (BTC) price had dropped over 4% in the last 24 hours, and the price had dived into the below $25K range. Ethereum (ETH) decreased by around 65% to trade at the $1.6K mark. Recommended for you Bitcoin Slides to $25K, Will Bearish Momentum Hit Longer?

GM Vietnam, the highly anticipated blockchain event of the year, will take place on July 7th and 8th, 2023, at THISO SkyHall (Ho Chi Minh City, Vietnam). Bringing together over 2,000 participants, including developers, entrepreneurs, investors, and crypto community members, GM Vietnam aims to create an unparalleled experience for Web3 enthusiasts. As the largest cryptocurrency adopting nation globally, Vietnam offers the perfect backdrop to explore the potential of Web3 and foster global connections. Vietnam – A Prospective Market GM Vietnam, Vietnam Blockchain Week, is set to be held in Ho Chi Minh City in July 2023. The event is being co-organized by Kyros Ventures, Ancient8, and Coin98. Vietnam has maintained its first place ranking in cryptocurrency adoption for two consecutive years (2021 and 2022), and consistently ranks among the leading nations in terms of MetaMask usage (2021). GM Vietnam aims to bring together and connect innovators, investors, projects, and leading VC funds to showcase the unique Vietnamese culture and promote the #BUILD spirit of the Vietnamese people to the global crypto community. GM Vietnam – Networking and Sharing In order to showcase the unique Vietnamese culture and promote the #BUILD spirit of the Vietnamese people to the global crypto community, GM Vietnam – Vietnam Blockchain Week aims to encompass a wide range of activities. This event is open to everyone and is expected to bring together nearly 2,000 attendees. Are you eager to discover what our event has in store for you? The event offers a professional platform to connect with the top crypto community in Vietnam and around the world, allowing for networking and knowledge sharing opportunities. Attendees will have the chance to explore a comprehensive overview of the crypto and blockchain market, along with emerging trends that will shape the industry’s future. Experience cutting-edge technologies including Web3, AI, SocialFi, NFT, VR, etc. at the exhibition booths. The event is open to all and will offer a place for networking, learning from experiences, and building relationships with startups, builders, KOLs, and leading investment firms. Partners and guests include Binance, Animoca Brands, Amazon Web Services (AWS), ConsenSys, Coinbase, Hooked Protocol, and many other big names. The event features an NFT art exhibition, hackathons, and the Axie Tournament. The list of projects coming to GM Vietnam includes: Animoca Brands, Ava Labs, Aptos Labs, Binance, Chainanalysis, Circle Internet Financial (Circle), Coinbase, ConsenSys, Delphi Digital, Google, OKX, Tezos, and many more. Event Agenda Day 1: July 7 | Sunrise The event kicks off with a series of insightful talks and engaging exhibitions. Engage in discussions centered around the state of the crypto industry in Vietnam and the immense potentials that lie ahead. Gain insights from esteemed panelists, including leaders in DeFi, Web3 innovations, venture capitalists, and regulators in the region. Experience the excitement of the Guild Rush S5 LAN Final, featuring a thrilling Axie Infinity competition and showcasing top players in the industry. Day 2: July 8 | GM Vietnam The focus shifts to the technical aspects of blockchain and the practical steps required to bring ideas to fruition. Immerse in panels that delve deep into the evolving landscape of blockchain technology. Explore topics such as the next stage of blockchain infrastructure, strategies for projects to achieve mass adoption, and bridging the gap between Web2 and Web3. The GM Vietnam HackerSpace will host an awards ceremony, recognizing outstanding contributions in the blockchain space. Following the day’s activities, participants can celebrate and connect at the official GM Vietnam Afterparty. Throughout the week, GM Vietnam will feature a variety of side events that complement the main conference activities. These side events will provide additional opportunities for networking, learning, and engaging with the vibrant Web3 community. To stay updated on the latest information regarding these side events, please visit the official event website at https://gmvietnam.io/. Whether you are a seasoned professional or just starting out, GM Vietnam is the perfect chance to stay ahead of the curve with like-minded individuals and gain valuable insights. Event information There are also two other types of premium tickets available with even more privileges. Please visit the event website at https://gmvietnam.io/ for more details. Date: July 7-8, 2023 Location: Ho Chi Minh City, Vietnam Register for free tickets: https://app.moongate.id/events/gmvietnam2023 Learn more: Website | Facebook | Twitter 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.

Dorsey has recently pledged funding to Brink, a Web 3.0 hub that supports BTC Devs. Bitcoin’s (BTC) price has dropped below $25,000 in the previous 24 hours. Jack Dorsey, the co-founder of Twitter, is a staunch advocate for the advancement of the Bitcoin (BTC) protocol. And he has recently pledged funding to Brink, a Web 3.0 hub that provides support to the Bitcoin network’s developers. According to the blockchain firm, Jack Dorsey has pledged a total of $5,000,000. Here is the breakdown of when each cash sum will be given out: 5 years at $1,000,000/year, totaling $5,000,000. CashApp is a payments company that supports Bitcoin trading, and Jack Dorsey is its co-founder and inspirational CEO. He is also a co-founder of Twitter. Strong Bitcoin Supporter Jack Dorsey is well-recognized as a prominent proponent of Bitcoin’s open-source future. The IT tycoon spent millions over the course of many years to promote the widespread adoption of the most prominent cryptocurrency. In a 2021 interview with CNBC, Jack Dorsey summed up his various obligations by saying, “There is nothing more important in my lifetime to work on.” Bitcoin, as a cryptocurrency, is very unstable in a market that is murky and ever-shifting. Despite Block’s diversified business focus as a payment provider, shares have been volatile owing to the company’s adoption of Bitcoin and Jack Dorsey’s engagement in the cryptocurrency ecosystem. Even if cryptocurrencies are not the company’s core product, it is nonetheless subject to market sentiment. Following Jerome Powell’s statement that interest rates would be held unchanged, the cryptocurrency market, led by Bitcoin, has witnessed a sharp decline in the hours since. Bitcoin’s (BTC) price has dropped below $25,000 in the previous 24 hours, a loss of approximately 3.5%. Similarly, the total value of the cryptocurrency market has fallen by about $40 billion and is poised to go below the $1 trillion barrier. The current strong support level for Bitcoin (BTC) is around $25,000. If prices go below this level, they may fall to $23,500 and below. The share price has dropped below this support and is now trading at $24, 866 as per CMC.

TWT has experienced a significant increase of 10.90% in its value. Trust Wallet Token (TWT) is currently at $0.8442. Trust Wallet Token (TWT) encounters a substantial surge, witnessing a remarkable daily increase of over 10% in its value. TWT currently sits at a price of $0.8442, accompanied by a trading volume of $79,786,160 within the last 24 hours. During this period, TWT has experienced a significant increase of 10.90% in its value. These statistics highlight the substantial growth and trading activity surrounding TWT within the cryptocurrency market. TWT price chart (source:TradingView) Analyzing the trading movements in the crypto market, Trust Wallet Token’s Relative Strength Index (RSI) stands at 35.79. Based on this value, TWT is currently in neither an overbought nor oversold state. The Trust Wallet native utility token is known as the Trust Wallet Token (TWT). On the Binance Smart Chain (BSC), there is an app, Trust Wallet which is a “multi-cryptocurrency” wallet. In February 2020, Trust Wallet Token (TWT) introduced as a BEP-2 token on Binance Chain. Later, in October 2020, it reissued as a BEP-20 token on the Binance Smart Chain (BSC). Users who possess TWT tokens can use the services available on the crypto wallet app. TWT also functions as the governance token that gives users voting rights.

DWF Labs forms a strategic partnership with TRON. The partnership aligns with DWF’s active support for Web3 protocols. TRON’s ecosystem is set for growth and enhanced accessibility due to partnership. In a recent revelation, DWF Labs, the globally recognized digital asset market maker and Web3 investment firm announced a strategic partnership with TRON. TRON, a leader in blockchain technology, focuses on internet decentralization via decentralized applications (dApps). Consequently, DWF Labs will now serve as TRON’s liquidity provider, significantly boosting its blockchain ecosystem’s support. According to a Bloomberg report, Andrei Grachev, the Managing Partner of DWF Labs, emphasized TRON’s accomplishments in Web3 adoption. Besides its fast-growing dApps ecosystem, the dedication of TRON to the constant rollout of innovative tools and services particularly appealed to DWF Labs. Hence, Grachev hinted at additional investment in the TRON ecosystem. Investing in Web3 Future DWF Labs has made strides in supporting and investing in Web3 protocols. Besides committing an initial $15 million to the Web3 Industry Recovery Initiative, it has forged strategic partnerships with leading crypto players worldwide. Through the partnership with TRON, DWF Labs intends to drive growth and enhance accessibility within the TRON ecosystem. A spokesperson for TRON stated: The partnership implies that DWF Labs will contribute to the growth and development of the TRON ecosystem. Hence, TRON users and community members can look forward to improved accessibility of the blockchain network.

First enterprise-ready solution built on hyperscaler foundations that accelerates time-to-value from Generative AI for energy, manufacturing, and power and renewables customers AUSTIN, Texas & OSLO, Norway–(BUSINESS WIRE)–#AI—Cognite, a globally recognized leader in industrial software, today announced the launch of Cognite AI, the Generative AI Accelerator for Industrial Data and Value Realization. Cognite AI, a comprehensive suite of Generative AI capabilities within Cognite’s core Industrial DataOps platform, Cognite Data Fusion®, adds to the company’s innovative industrial-specific offering around energy, manufacturing, and power and renewables, and is fully open to all partners to create tailored industrial solutions. Cognite Data Fusion® with Cognite AI improves operations by rapidly accelerating cloud adoption and increasing the efficiency of industrial workflows by 10x. In industrial organizations, significant domain-specific context is required before Generative AI can be applied to critical decision-making across low risk tolerance domains in production, maintenance, and reliability. Cognite AI solves this industrial data and AI problem by delivering simple access to complex industrial data and building Generative AI into every aspect of the product experience, enabling stakeholders in both IT and Operations to generate valuable, cross-data-source insights. “Industrial data is a critical part of making informed decisions on business operations, yet complex and labor intensive to reconcile into actionable insights,” said Judson Althoff, executive vice president and chief commercial officer, Microsoft. “Cognite AI addresses this need by building upon the power of the Microsoft Cloud and its AI capabilities to deliver rich, contextualized data and generative AI analytics services to help energy, manufacturing, and power and renewables customers accelerate efficiency and value realization of their industrial workflows.” “Celanese is building the Digital Plant of the Future and we rely on Cognite Data Fusion on Microsoft Azure to put the right data into the hands of our experts so they can spend less time identifying problems and more time finding solutions,” said Ibrahim Al-Syed, Director of Digital Manufacturing at Celanese. “Generative AI is a powerful tool that will be key to enabling our people. With Cognite AI as part of our digital strategy, we can improve work experiences by unifying people, data, processes, and systems with a common platform.” “Cognite AI accelerates the application of modern software technology in industrial digitalization. It informs the industrial user, empowers the industrial operator and enables industrial facilities to be efficient and sustainable,” said Girish Rishi, Cognite CEO. “With Cognite AI, we have developed an innovative architecture that eliminates hallucinations, mitigates data leakage, and enables trust and access control. This is how we make AI work for industry.” Cognite Data Fusion® delivers revolutionary cross-domain collaboration to drive operational excellence with capabilities that include: Cognite AI: An innovative architecture that unifies Generative AI (LLMs such as GPT 3.5/4 and PaLM) with Cognite’s specific Data Modeling and Retrieval-Augmented Generation (RAG) capabilities. Cognite AI uniquely augments the ability of generic-purpose LLMs to retrieve data from customers’ private sources to generate more purposeful, accurate, and sophisticated outputs based on customers’ own private industrial data, within the customers’ secure and protected SaaS tenant. Cognite AI provides business end-users a way to create low code applications using natural language. Industrial DataOps: Get AI-enhanced data onboarding from all OT, IT, engineering, and robotics data sources, complete with lineage, quality assurance, and governance. These market leading Industrial DataOps capabilities are a requirement for a robust data foundation to scale asset-to-asset and site-to-site in hours and weeks, not months. Data Modeling: Built-in AI contextualization to automatically map data relationships, creating a living industrial knowledge graph, and building the foundation for real-time digital twins that are automatically enriched with live data and event streams. Capture field worker notes and observations all in context, all instantly sharable. Industrial Canvas: Get all OT, IT, engineering, robotics data (time series, events, P&IDs, documents, work orders, asset hierarchies, images, simulation, 3D, and more) in a single, collaborative workspace with native AI Copilot functionality to answer operational questions, compile and develop no-code applications, and analyze complex scenarios up to 90% faster than before. APM Intelligence App Suite: Three ready-to-use cross data-source applications for digital-first age business workflows across reliability, operations, and maintenance, and accelerate value realization from existing APM investments without complex and costly rearchitecting and change management programs. Request a demo and learn more about how Cognite Data Fusion® with Cognite AI empowers operations, digital teams, application developers, and more with true, at scale digital transformation: Cognite.ai. About Cognite Cognite is a globally recognized leader in industrial software with a clear vision: to rapidly empower industrial companies with accessible, trustworthy, and contextualized data and drive the full-scale digital transformation of asset-heavy industries. With its market-leading Industrial DataOps platform, Cognite Data Fusion®, and a comprehensive suite of Industrial Generative AI capabilities, Cognite AI, Cognite makes it easy for decision-makers to access and understand complex industrial data. Cognite Data Fusion® is a user-friendly, secure, and scalable platform that enables industrial data and domain users to collaborate quickly and safely to develop, deploy, and scale Industrial Generative AI solutions that deliver both profitability and sustainability. Visit us at www.cognite.ai and follow us on LinkedIn and Twitter. Contacts Michelle Holford Vice President, Global PR Cognite [email protected]

Bullish XRP price prediction for 2023 is $0.5660 to $0.7095. Ripple (XRP) price might reach $2 soon. Bearish XRP price prediction for 2023 is $0.3567. In this Ripple (XRP) price prediction 2023, we will analyze the price patterns of XRP by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Ripple (XRP) Current Market Status Current Price $0.4752 24 – Hour Trading Volume $1,733,493,377 24 – Hour Price Change 6.71% Down Circulating Supply 51,987,017,573 All – Time High $3.8419 (On January 04, 2018) XRP Current Market Status (Source: CoinMarketCap) What is Ripple (XRP)? Ripple (XRP) is the native crypto of the XRP Ledger (XRPL). XRPL is an open-source public blockchain launched in 2011 by Ripple, a blockchain-based payment system. XRP is used as a transaction fee on the native network and a potential payment and investment option. Ripple captivated the interest of investors with its distinct consensus protocol. It functions based on a federated consensus mechanism to validate transactions. The network allows any user to use the validation software and verify transactions according to their “unique node lists”. Thus, transactions are validated onto the ledger within 4-5 seconds at lower costs. Ripple (XRP) Price Prediction 2023 Ripple (XRP) ranks 6th on CoinMarketCap in terms of its market capitalization. The overview of the Ripple price prediction for 2023 is explained below with a daily time frame. XRP/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Ripple (XRP) laid out a horizontal channel pattern, also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Ripple (XRP) was recorded at $0.5051. If the pattern trend continues, then the price of XRP might reach the resistance levels of $0.5452 and $0.7261. If the trend reverses, then the price of XRP may fall to the support of $0.4129. Ripple (XRP) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Ripple (XRP) in 2023. XRP/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Ripple (XRP) for 2023. Resistance Level 1 $0.5660 Resistance Level 2 $0.7095 Support Level 1 $0.4406 Support Level 2 $0.3567 XRP /USDT Support and Resistance Levels As per the above analysis, if Ripple’s (XRP) bulls take the lead, then it might hit and break through its resistance level of $0.7095. Conversely, if Ripple’s (XRP) bears dominate the trend, the price of XRP might plunge to $0.3567. Ripple (XRP) 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 Ripple (XRP) are shown in the chart below. XRP/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 identify unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Ripple (XRP) 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 XRP price lies above 50 MA (short-term), indicating its upward trend. Hence, XRP 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 XRP is at 54.16. Therefore, this indicates XRP is neither overbought nor oversold. However, XRP sends out a buy signal. Ripple (XRP) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Ripple (XRP) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). XRP/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 XRP lies in the range of 28.89 pointing out a strong 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 XRP lies above 50, indicating high volatility. Comparison of XRP with BTC, ETH Let us now compare the price movements of Ripple (XRP) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs XRP Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of XRP is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of XRP also increases or decreases respectively. Ripple (XRP) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ripple (XRP) between 2024 and 2030. Ripple (XRP) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Ripple (XRP) might successfully test and surpass its resistance levels to hit $3 by 2024. Ripple (XRP) Price Prediction 2025 The significant upgrades in the Ripple ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Ripple (XRP) price to reach $5 by 2025. Ripple (XRP) Price Prediction 2026 If Ripple (XRP) successfully tests its major resistance levels and continues to move upside, then it will rally to hit $7. Ripple (XRP) Price Prediction 2027 If Ripple (XRP) sustains major resistance levels and stands as a better investment option in the market, then XRP will rally to hit $9. Ripple (XRP) Price Prediction 2028 If Ripple (XRP) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then XRP will hit $11 by 2028. Ripple (XRP) Price Prediction 2029 If investors flock in and continue to place their bets on Ripple (XRP), then the crypto will witness major spikes. Hence, XRP might hit $13 by 2029. Ripple (XRP) Price Prediction 2030 By 2030, the XRP price might rally to $15 if the trend momentum aligns in favor of Ripple. Furthermore, XRP would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Ripple (XRP) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ripple (XRP) price prediction for 2023 is $0.7095. Comparatively, the bearish Ripple (XRP) price prediction for 2023 is $0.3567. If there is a positive elevation in the market momentum and investors’ sentiment, then Ripple (XRP) might hit $2. Furthermore, with future upgrades and advancements in the Ripple ecosystem, XRP might surpass its current all-time high (ATH) of $3.8419 and mark its new ATH. FAQ 1. What is Ripple (XRP)? Ripple (XRP) is the native crypto of the XRP Ledger (XRPL). XRPL is an open-source public blockchain launched in 2011 by Ripple, a blockchain-based payment system. 2. Where can you buy Ripple (XRP)? Traders can trade Ripple (XRP) on the following cryptocurrency exchanges such as Binance, BTCEX, CoinW, Deepcoin, and OKX. 3. Will Ripple (XRP) record a new ATH soon? With the ongoing developments and upgrades within the Ripple platform, Ripple (XRP) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Ripple (XRP)? Ripple (XRP) hit its current all-time high (ATH) of $3.8419 on January 04, 2018. 5. What is the lowest price of Ripple (XRP)? According to CoinMarketCap, XRP hit its all-time low (ATL) of $0.002802 on July 07, 2014. 6. Will Ripple (XRP) hit $2? If Ripple (XRP) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon. 7. What will be the Ripple (XRP) price by 2024? Ripple (XRP) price might reach $3 by 2024. 8. What will be the Ripple (XRP) price by 2025? Ripple (XRP) price might reach $5 by 2025. 9. What will be the Ripple (XRP) price by 2026? Ripple (XRP) price might reach $7 by 2026. 10. What will be the Ripple (XRP) price by 2027? Ripple (XRP) price might reach $9 by 2027. Top Crypto Predictions Shiba Inu (SHIB) Price Prediction 2023 Ethereum (ETH) Price Prediction 2023 Bitcoin (BTC) 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

The ApeCoin decentralized autonomous organization (DAO) has sparked a debate regarding the six-figure annual salaries received by its Special Council members. ApeCoin is the native currency of the Bored Ape Yacht Club ecosystem and is governed by the ApeCoin DAO, consisting of ApeCoin holders. On June 10, the ApeCoin DAO secretary, “Vulkan,” unveiled an organizational chart on Twitter, disclosing the salaries of the DAO’s leadership. The disclosed monthly compensations ranging from $7,000 to $75,000 surprised and prompted inquiries from the community. Compensation Dispute Deepens Twitter users began questioning the leadership compensation, particularly the substantial six-figure payments to Special Council members. Critics argued that Yuga Labs, the creator of ApeCoin, was solely responsible for the success. And attributing little value creation to the DAO. In contrast, supporters defended the salaries as fair, highlighting their alignment with mid-range compensation for high-end tech roles. Special Council members, including prominent figures like Alexis Ohanian and Yat Siu, justified the compensation. They compared it to that of public company directors. They emphasized the responsibility and liability associated with their roles. However, dissenting voices proposed a re-evaluation of the salary structure, advocating for a 50% reduction for the Special Council. Others demanded a “competency check” to ensure that those actively contributing to the DAO filled the leadership positions. Finally, The ongoing debate highlights the challenge of striking a balance between appropriate compensation for leadership roles and addressing concerns about value creation within the ApeCoin ecosystem. As discussions continue, they will shape the future of compensation within the DAO and its commitment to decentralized governance.

Solana shifts its focus from DeFi to consumer applications. Differentiation and user retention are crucial for Solana’s growth. Solana’s journey presents a striking contrast in an era where decentralization dominates. Besides its initial success in Decentralized Finance (DeFi), Solana’s total value locked (TVL) saw a depreciation since the dawn of 2022. Consequently, this downturn does not equate to a demise. Instead, it reflects a significant shift in Solana’s strategic focus, veering from DeFi toward consumer applications. Solana’s TVL vs Competitors’ TVL (Source: Messari) Significantly, this transition reflects changing user preferences. As per Messari’s report, the platform’s user activity observed a decline in DeFi applications, with a corresponding surge in consumer protocols. The key players driving this shift offer insights into Solana’s current state and illuminate its potential future. Championing New Spaces: NFTs and Consumer Apps Take tensor_hq, for instance. This leading NFT trading platform on Solana has made waves in the NFT community. Its innovative features, feeless trading, and unique airdrop mechanism have caught significant attention. Moreover, the rise of NFT lending platforms like SharkyFi has altered the financial dynamics surrounding NFTs on Solana, demonstrating impressive retention rates. Additionally, Solana houses Saydialect, a messaging platform that capitalizes on the network’s NFT compression capabilities. With its high retention rates and new partnerships, Saydialect epitomizes the potential for consumer applications within Solana’s ecosystem. Navigating the Future: Differentiation and User Retention Solana’s journey from DeFi protocols to consumer-centric applications indicates a transformative shift in its application ecosystem. The platform’s infrastructure advantages and low unit costs position it favorably for consumer apps. However, for Solana to sustain growth and retain its competitive edge, differentiation, and user retention emerge as pivotal factors. To sum it up, Solana’s strategy to embrace unique user experiences instead of solely focusing on DeFi protocols marks a significant evolution in the crypto landscape. With an eye on emerging consumer applications, Solana is carving a new niche in the crypto world. Time will tell how this transition shapes Solana’s future and the broader blockchain industry.

New York City, New York, June 15th, 2023, Chainwire Panelists included OKX Chief Marketing Officer Haider Rafique, McLaren Racing Chief Executive Officer Zak Brown, McLaren F1 Driver Lando Norris and director, producer and screenwriter Stephen Kay From left to right: Director, producer, and screenwriter Stephen Kay; McLaren Racing CEO Zak Brown; Emmy-nominated filmmaker and Webby Awards Founder Tiffany Shlain; OKX CMO Haider Rafique; and McLaren F1 Driver Lando Norris discuss the power of technology in sports, film and crypto OKX, a leading Web3 technology company, yesterday hosted a panel discussion with McLaren Racing at the Tribeca Festival titled, “Need for Speed: How Technology Powers Change in Sports, Movies, and Crypto,” featuring OKX Chief Marketing Officer Haider Rafique, McLaren Racing Chief Executive Officer Zak Brown, McLaren F1 Driver Lando Norris, and director, producer and screenwriter Stephen Kay. The panel, moderated by Emmy-nominated filmmaker and Webby Awards Founder Tiffany Shlain, was held at the Tribeca Screening Room and focused on how technology has transformed various industries, including sports, entertainment, cryptocurrency and finance. During the discussion, the panelists emphasized the impact of innovation on speed, performance and efficiency across the different sectors. OKX CMO Haider Rafique (left) and McLaren F1 Driver Lando Norris (right) McLaren Racing CEO Zak Brown (in orange, left) and McLaren F1 Driver Lando Norris (in orange, right) with OKX CMO Haider Rafique Tribeca Festival 2023 is OKX’s second consecutive year as the presenting sponsor. The company’s multi-year partnership with Tribeca Festival aims to unlock new Web3 opportunities for creators, fans and talent. OKX also introduced the first-ever Tribeca Festival NFT pass for 2023 in January. In May of last year, OKX and McLaren Racing announced a multi-year partnership that would make OKX a Primary Partner of the McLaren Formula 1 Team and McLaren Shadow esports team. Through this partnership, OKX supports the team’s global fan experience, providing exciting opportunities and product innovations that bring fans closer to the action. OKX branding is featured on the McLaren cars, the helmets of McLaren F1 drivers Lando Norris and Oscar Piastri, as well as the McLaren F1 and McLaren Shadow team kits. About OKX A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including the OKX Wallet, NFT Marketplace and DEX. OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo. As a leader building innovative technology products, OKX recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology to replace existing centralized systems. To learn more about OKX Web3, download our app or visit: okx.com/web3 About McLaren Racing McLaren Racing was founded by racing driver Bruce McLaren 60 years ago in 1963. The team entered its first Formula 1 race in 1966. McLaren has since won 20 Formula 1 world championships, 183 Formula 1 grands prix, the Indianapolis 500 three times, and the Le Mans 24 Hours at its first attempt. McLaren Racing competes across five racing series. In 2023, the team will compete in the FIA Formula 1 World Championship with McLaren F1 drivers Lando Norris and Oscar Piastri, the NTT INDYCAR SERIES with Arrow McLaren drivers Pato O’Ward, Felix Rosenqvist and Alexander Rossi, the ABB FIA Formula E World Championship with NEOM McLaren Formula E Team drivers René Rast and Jake Hughes, and the Extreme E Championship with NEOM McLaren Extreme E Team drivers Emma Gilmour and Tanner Foust. The team also competes in the F1 Esports Pro Championship as McLaren Shadow, having won the 2022 Constructors’ and Drivers’ Championships. McLaren is a champion for sustainability in the sport and a signatory to the UN Sports for Climate Action Commitment. It is committed to achieving net zero by 2040 and fostering a diverse and inclusive culture in the motorsport industry. McLaren Racing – Official Website About the Tribeca Festival The Tribeca Festival, presented by OKX, brings artists and diverse audiences together to celebrate storytelling in all its forms, including film, TV, immersive, games, audio storytelling, music, and online work. With strong roots in independent film, Tribeca is a platform for creative expression and immersive entertainment. Tribeca champions emerging and established voices; discovers award-winning filmmakers and creators; curates innovative experiences; and introduces new technology and ideas through premieres, exhibitions, talks, and live performances. The Festival was founded by Robert De Niro, Jane Rosenthal, and Craig Hatkoff in 2001 to spur the economic and cultural revitalization of lower Manhattan following the attacks on the World Trade Center. Tribeca will celebrate its 22nd year from June 7–18, 2023. In 2019, James Murdoch’s Lupa Systems, a private investment company with locations in New York and Mumbai, bought a majority stake in Tribeca Enterprises, bringing together Rosenthal, De Niro, and Murdoch to grow the enterprise. Disclaimer This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your risk tolerance and financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Contact Press [email protected]

LayerZero achieves a significant industry milestone by launching on Scroll_ZKP testnet. The integration of LayerZero with Scroll_ZKP sparks enthusiasm, transforming blockchain transactions. The successful launch of Scroll_ZKP testnet marks a pivotal step towards real-world implementation for LayerZero. LayerZero, the cutting-edge blockchain project, has achieved a monumental milestone in the industry by successfully launching on the Scroll_ZKP testnet. This groundbreaking development signifies a significant leap forward for privacy and security in the blockchain world. Integrating LayerZero with Scroll_ZKP, a state-of-the-art zero-knowledge proof protocol, has ignited a wave of excitement among blockchain enthusiasts and experts alike. By leveraging the advanced privacy features of Scroll_ZKP and the innovative technology of LayerZero, this collaboration has the potential to transform the landscape of blockchain transactions completely. LayerZero’s primary objective is to tackle the critical scalability, privacy, and usability challenges that have hindered widespread blockchain adoption. By harnessing the power of Scroll_ZKP’s zero-knowledge-proof capabilities, LayerZero offers a unique and decentralized approach to upholding privacy. This groundbreaking feature allows users to validate transaction authenticity and accuracy without compromising sensitive information, ensuring privacy even in a transparent environment. As a result, LayerZero’s integration with Scroll_ZKP lays the groundwork for secure and private blockchain transactions on a large scale. The launch of LayerZero on the Scroll_ZKP testnet is a pivotal step toward real-world implementation. The platform is now available for developers and enthusiasts to explore and provide valuable feedback for further refinement. This collaborative approach aims to optimize LayerZero’s architecture, ensuring a robust and reliable solution that caters to the broader blockchain ecosystem. LayerZero Boosts Adoption with Ultra-Low Costs Consequently, LayerZero’s privacy-centric approach is set to instill trust among users, enterprises, and governments, unlocking numerous potential applications for blockchain technology. Whether facilitating financial transactions, streamlining supply chain management, or enabling secure data sharing, LayerZero’s integration with Scroll_ZKP opens doors to a future where privacy and scalability coexist on the blockchain. This follows after LayerZero announced the integration of LayerZero Labs on the Arbitrum Nova mainnet, enabling ultra-low transaction costs. This integration actively promotes the adoption of Arbitrum Nova, especially within the gaming space, where it has the potential to increase usage significantly. As LayerZero’s ecosystem continues to evolve and gain traction, the team remains dedicated to ongoing enhancements, including mainnet deployment and strategic partnerships. The successful integration with Scroll_ZKP marks the beginning of an exciting new chapter for LayerZero, propelling the project toward a future where privacy and scalability take center stage in the blockchain realm. Recommended For You: LayerZero Labs Bridges Projects to Arbitrum Nova; Empowers Gaming Adoption

Shytoshi Kusama has tweeted about an upcoming update for Shiba Inu. Kusama has sparked anticipation regarding this physical update. Shytoshi Kusama, the creator of the popular memecoin Shiba Inu (SHIB), has tweeted about an upcoming update. The mysterious tweet has sparked anticipation and curiosity among crypto enthusiasts. Memecoin has gained significant attention in the crypto community. On June 14, Shytoshi Kusama hinted about the upcoming memecoin update. He mentioned that something physical was coming. The tweet includes a teaser of the final shot, showcasing the Shiba Inu logo in black and white. Kusama has sparked a wave of speculation and anticipation regarding this physical update. His influence and involvement have captivated investors and enthusiasts. The Shiba Inu ecosystem has signaled a new physical product that expected to be released shortly. Many members of the SHIB community not surprised by this, as Kusama previously stated that he would share many updates in addition to details on the official launch of Shibarium. At the time of writing, the trading price of the Shiba Inu is around $0.000006559, with a decline of 3.43% in the last 24 hours. Moreover, the trading volume of the SHIB has witnessed a decrease of 3.94%, according to CoinMarketCap.

Bitcoin price decreases by 3.12% compared to the last 24 hours. Bitcoin miners are facing difficulty due to increased hash rates. The topmost cryptocurrency, Bitcoin (BTC) has seen a deep fall from nearly $30K to the value of $25,137.80, currently. Meanwhile, before 2 hours, BTC has fallen below $25K ranging to $24,902.15 when its trading volume was reported at $11.95 billion. BTC Price Chart (Source: CoinMarketCap) Furthermore, 92.39% of BTC exists in the current circulation from its total supply of 21M BTCs. The trading volume is maintained green, indicating an engagement in BTC trading with a 0.46% increase at the time of analysis. However, the market capitalization is seen to drop by 3.22% worth $487B, ranking the top position in the crypto market. On the other hand, Bitcoin miners are facing difficulty by 2.18%, defending with the increased hash rate. This creates huge competition among miners since the record crosses 52.35 trillion. Yet, crypto investors rely on trading BTC despite difficulties and drops. It is considered that the Federal Reserve (Fed) announcing the halt of interest rate hikes at 5.25%, could be the reason for BTC’s sudden drop below $25K at the moment. Till then, BTC was fluctuating at $26K. Recommended For You: Decoding Bitcoin’s Trading Pattern for June 2023

The crypto market is currently surging with the altcoins. The current top gainers include TWT, UNI, and LEO. Recently, the crypto market is been facing a downfall due to the SEC lawsuit against the crypto exchanges. Yet, some of the crypto gainers kept growing amidst the global crypto market loss at certain times. Here are the top three crypto gainers and the list goes Trust Wallet Token (TWT), Uniswap (UNI), and UNUS SED LEO (LEO). Trust Wallet Token (TWT) This governance token has gained popularity in recent times with its effective surge. Currently, as per CoinMarketCap, TWT is pricing at $0.8402 over a 12.89% increase compared to the previous day’s value. Also, the market capitalization is skyrocketing by 12.39% whereas the trading volume is abruptly huge by 431.49% ranking at the 4th position. TWT Price Chart (Source: CoinMarketCap) This records that the circulating supply has crossed more than 40% and is accounting for 416,649,900 tokens. However, this depicts that the graph is maintained green over the last 24 hours, retaining a bullish state. Uniswap (UNI) Over the week, UNI is turning bullish with a price value of $4.44 with a 4.22% increase in the last 24 hours. And, the graph is pointing upwards with the market capitalization of around $3B with a 2.98% increase. The trading volume is accounting for $120M and the surge compared to the last day, is higher. UNI Price Chart (Source: CoinMarketCap) Reportedly, the current circulating value of the UNI token has crossed 57.75% from its overall. Furthermore, the supply counts 577,501,036 tokens in the current market. UNUS SED LEO (LEO) This LEO token has begun showing bullish momentum among the other altcoins lately. Additionally, the market capitalization of LEO accounts for $3B resembling UNI but the price increase over the last 24 hours is 0.70%. Meanwhile, the trading volume has fallen by 7.16% comparatively yet the graph remains truly green for the last 24 hours. The current market price of LEO is $3.51 as per CoinMarketCap. LEO Price Chart (Source: CoinMarketCap) However, the supply of LEO has no limit. And, the circulation supply accounts for 930,107,434.9 tokens from its total supply so far. Whenever the altcoin season falls, there are certain other tokens that bring activity to the crypto market.

Delio has announced a temporary suspension of customer withdrawals. The company reassured its investors that it would do its best to protect their assets. Delio, the leading crypto lending company in South Korea, has announced a temporary suspension of customer withdrawals. This decision has been made in order to safely protect the consumer’s assets. On June 14, Delio announced that it had temporarily suspended customer withdrawals. Delio mentioned that the company has to take this measure due to the recent suspension of digital asset deposits and withdrawals at Haru Invest. This leads to heightened market volatility and increases confusion among investors. Haru Invest, a digital asset management platform in South Korea, announced the suspension of withdrawals and deposits on June 13. The decision comes due to concerns over the false information provided by the consignment operator during an internal inspection. Delio Assures Safeguard Investor Assets According to the report, the suspension will continue until the incident and its aftermath are resolved. Delio’s temporary suspension raised a lot of questions among the crypto community. However, the company reassured its investors that it would do its best to protect their assets. Delio has promised its clients that it will provide regular updates on the suspension through announcements and steps taken to protect the customer’s assets. By prioritizing the safety of customer funds, the company is taking responsible steps to mitigate any potential risks and maintain the integrity of its platform. The issues that Haru Invest is facing have started to spread to other platforms in South Korea. As a result, Delio has announced the suspension of customer withdrawals. While this temporary suspension may cause inconvenience, it serves as a precautionary step to protect its clients’ digital assets.

The staggering surge in L2 adoption on The Graph Network, powered by Arbitrum. Significant cost reduction and faster data access through L2 integration. The Graph’s reliability and cost-effectiveness drive innovation in DeFi. The Graph, a decentralized network known for its remarkable uptime and secure data, has witnessed a staggering surge in utilizing Layer2 (L2) solutions for subgraphs. The integration of Arbitrum has proven instrumental in enabling decentralized applications (dapps) to access data faster and at a fraction of the previous cost. The Graph Network, which was launched in 2020, has experienced a remarkable growth trajectory. Since its inception, 863 subgraphs have been published on the Ethereum blockchain, attesting to the platform’s widespread adoption and effectiveness. Over the past six months, the integration of L2 technology, specifically through Arbitrum, has fueled an even more impressive expansion. More than 180 subgraphs have already been published on The Graph Network, demonstrating a rapid acceleration in activity. This trend shows no signs of abating; it is gaining momentum at an unprecedented pace. Incorporating Arbitrum has yielded numerous benefits for users of The Graph Network. Notably, adopting L2 has enhanced the speed of data retrieval and significantly reduced the associated costs. Dapps leveraging Arbitrum have experienced a remarkable 25-fold decrease in expenses for publishing, curating, and upgrading subgraphs, providing substantial savings for developers and users alike. Graph Network Leads with L2 Integration Moreover, integrating L2 solutions has bolstered the network’s overall reliability. The unbeatable uptime and secure data storage provided by The Graph, in conjunction with Arbitrum, have instilled trust and confidence among users. The reliability and cost-effectiveness of the platform have created an ecosystem that encourages innovation and development within the decentralized finance (DeFi) space. However, it is essential to note that the growth and success of The Graph Network are not solely attributable to L2 integration. The platform’s initial launch and subsequent adoption paved the way for this remarkable advancement. The Graph’s commitment to offering reliable infrastructure for indexing and querying blockchain data has positioned it as a fundamental pillar in the decentralized ecosystem. Besides its impressive achievements thus far, The Graph Network continues to explore additional avenues for expansion and improvement. As the adoption of decentralized applications and blockchain technology continues to rise, The Graph remains at the forefront, ensuring that its infrastructure can accommodate the ever-growing demand. With the integration of L2 solutions like Arbitrum, The Graph Network has solidified its position as a leader in providing essential services to the blockchain community.