Bullish ADA price prediction for 2023 is $0.3029 to $0.4140. Cardano (ADA) price might reach $0.6 soon. Bearish ADA price prediction for 2023 is $0.1847. In this Cardano (ADA) price prediction 2023, we will analyze the price patterns of ADA by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Cardano (ADA) Current Market Status Current Price $0.2733 24 – Hour Trading Volume $290,356,338 24 – Hour Price Change 2.94% Down Circulating Supply 34,914,607,960.91 All – Time High $3.09 (On September 01, 2021) ADA Current Market Status (source: CoinMarketCap) What is Cardano (ADA)? Cardano (ADA) is the native token of the Cardano blockchain. This sustainable blockchain uses the Proof-of-Stake (PoS) consensus mechanism, Ouroborus. This “third-generation blockchain” initially existed as a layer-1 solution. Eventually, the layer-2 update, Hydra, was integrated into the existing network in late 2021. Cardano has been built as an upgraded version of Ethereum’s smart contract network. Moreover, it aims to scale the permissionless nature of the DeFi space and aid the mission of banking the unbanked. Cardano (ADA) Price Prediction 2023 Cardano (ADA) ranks 7th on CoinMarketCap in terms of its market capitalization. The overview of the Cardano Price prediction for 2023 is explained below with a daily time frame. ADA/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Cardano (ADA) 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 that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel, and the price action is contained within them. A horizontal channel is often regarded as one of the most suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Cardano (ADA) was recorded at $0.2759. If the pattern trend continues, then the price of ADA might reach the resistance levels of $0.3194, $04338, and $0.8121. If the trend reverses, then the price of ADA may fall to the support of $0.2335. Cardano (ADA) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Cardano (ADA) in 2023. ADA/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 Cardano (ADA) for 2023. Resistance Level 1 $0.3029 Resistance Level 2 $0.4140 Support Level 1 $0.2389 Support Level 2 $0.1847 ADA Resistance & Support Levels As per the above analysis, if Cardano’s (ADA) bulls take the lead, then it might hit and break through its resistance level of $0.3029. Conversely, if Cardano’s (ADA) bears dominate the trend, the price of ADA might plunge to $0.1847. Cardano (ADA) 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 Cardano (ADA) are shown in the chart below. ADA/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 Cardano (ADA) 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 ADA price lies below 50 MA (short-term), indicating its downtrend. Hence, ADA is in a bearish 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 ADA is at 22.45. Therefore, this indicates ADA is nearly in an oversold state. Cardano (ADA) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Cardano (ADA) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). ADA/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 ADA lies in the range of $45.78 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 ADA lies below 50, indicating low volatility. Comparison of ADA with BTC, ETH Let us now compare the price movements of Cardano (ADA) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs ADA Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of ADA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ADA also increases or decreases respectively. Cardano (ADA) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Cardano (ADA) between 2024 and 2030. Cardano (ADA) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Cardano (ADA) might successfully test and surpass its resistance levels to hit $2 by 2024. Cardano (ADA) Price Prediction 2025 The significant upgrades in the Cardano ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Cardano (ADA) price to reach $4 by 2025. Cardano (ADA) Price Prediction 2026 If Cardano (ADA) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $6 Cardano (ADA) Price Prediction 2027 If Cardano (ADA) sustains major resistance levels and stands as a better investment option in the market, then ADA would rally to hit $8. Cardano (ADA) Price Prediction 2028 If Cardano (ADA) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then ADA would hit $10 by 2028. Cardano (ADA) Price Prediction 2029 If investors flock in and continue to place their bets on Cardano (ADA), then the crypto would witness major spikes. Hence, ADA might hit $12 by 2029. Cardano (ADA) Price Prediction 2030 By 2030, the ADA price might rally to $14 if the trend momentum aligns in favor of Cardano. Furthermore, ADA would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Cardano (ADA) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Cardano (ADA) price prediction for 2023 is $0.4140. Comparatively, the bearish Cardano (ADA) price prediction for 2023 is $0.1847. If there is a positive elevation in the market momentum and investors’ sentiment, then Cardano (ADA) might hit $1. Furthermore, with future upgrades and advancements in the Cardano ecosystem, ADA might surpass its current all-time high (ATH) of $3.09 and mark its new ATH. FAQ 1. What is Cardano (ADA)? Cardano (ADA) is the native cryptocurrency of Cardano. Cardano is a smart contract-based blockchain operating on the proof-of-stake (PoS) consensus launched in 2017. 2. Where can you buy Cardano (ADA)? Traders can trade Cardano (ADA) on the following cryptocurrency exchanges such as Binance, Coinbase Exchange, KuCoin, Bitfinex and OKX. 3. Will Cardano (ADA) record a new ATH soon? With the ongoing developments and upgrades within the Cardano platform, Cardano (ADA) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Cardano (ADA)? Cardano (ADA) hit its current all-time high (ATH) of $3.09 On September 01, 2021 5. What is the lowest price of Cardano (ADA)? According to CoinMarketCap, ADA hit its all-time low (ATL) of $0.01735 On October 01, 2017. 6. Will Cardano (ADA) hit $0.6? If Cardano (ADA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.6 soon. 7. What will be the Cardano (ADA) price by 2024? Cardano (ADA) price might reach $2 by 2024. 8. What will be the Cardano (ADA) price by 2025? Cardano (ADA) price might reach $4 by 2025. 9. What will be the Cardano (ADA) price by 2026? Cardano (ADA) price might reach $6 by 2026. 10. What will be the Cardano (ADA) price by 2027? Cardano (ADA) price might reach $8 by 2027. Top Crypto Predictions: Binance Coin (BNB) Price Prediction 2023 Sui (SUI) Price Prediction 2023 Aptos (APT) 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.

Binance US aggressively fought the SEC’s demand over funds freeze. The court has asked Binance U.S. to submit operation expense details. The SEC had requested that Binance U.S funds and other assets be frozen. A US federal court has ruled against the proposal of the SEC. Binance had only the day before urged the court to dismiss a similar SEC proposal. Binance U.S and Securities and Exchange Commission have agreed to discuss a settlement in order to prevent a complete asset freeze, according to a statement released by US District Judge Amy Berman Jackson on Tuesday, June 13th. Jackson says the two sides “aren’t that far apart” on how to protect customers’ billions of dollars throughout the case without shutting down the exchange. Negotiation Underway After initiating a case against Binance for suspected violations of U.S. federal securities laws, the SEC swiftly proceeded to have Binance’s US funds blocked. The federal securities agency said the injunction was required to prevent unnecessary spending. However, Binance US aggressively fought the SEC’s demand, stating that such a move would ultimately ruin the firm and do irreparable harm to its customers. As the hearing has progressed for eight days, the lawyers for Binance US have notified the court that their client is not willing to accept the death sentence so early. Also, according to Binance, the exchange must have enough cash on hand to cover operational costs. The legal representation for binance.US voiced worry about the possibility of a misinterpreted asset freeze by banks. The court has asked Binance U.S. to submit operation expense details. However, it guaranteed that no assets would be transferred or payments would be made to any Binance business without the consent of a court. Moreover, in response, the SEC suggested Binance relocate its customers’ funds back to the United States. In this method, the assets would be managed by third parties that are independent of CEO Zhao and capable of processing withdrawal requests. Recommended For You: Binance CEO Responds to Accusations of Selling Bitcoin and BNB

The volume of Bitcoin (BTC) held on exchanges hits a 5-year low. Bitcoin’s social volume is declining against the altcoins’ surging trend. At press time, BTC traded within the $25.8K range. Bitcoin (BTC) balance on centralized exchanges plummets to its 5-year-low amid the regulatory combat of Binance and Coinbase with the SEC. According to the on-chain data from Santiment, approximately 1,241,710 BTC are on the exchanges — the lowest since November 2018. During the 2020 stock market crash, Bitcoin balance on exchanges hit an all-time high of 3,104,276 BTC — nearly 16% of the total supply. The data also highlighted the notable drop of 60% from this peak to the new bottom. It is not entirely right to equate this decline to a bear run. Because it also signifies the increasing confidence among long-term Bitcoin holders. Furthermore, the BTC supply last active more than 10 years ago reached an all-time high of 2.84 billion. Long-term traders and investors reflect their strong belief in the reversal of the ongoing downtrend. However, BTC continues to witness another gloomy phase — declining social volumes. Bitcoin, which peaked in March, is currently being outperformed in trend by altcoins — XRP, Ethereum, and Binance Coin. US Stocks End Correlation with Bitcoin (BTC)? Following the disclosure of the positive US CPI data, US stocks exhibited one of the most remarkable bullish rallies on Tuesday. The S&P 500 and NASDAQ outperformed cryptocurrencies. This is a sign of evidence of the diminishing correlation between crypto and the stock market. BTC recorded its lowest close below $26,000 last week, whereas the S&P 500 closed at its 14-month-high. Bitcoin (BTC) Price Chart (Source: TradingView) In a daily frame, BTC continues to stride in the bearish arena since the price action was hovering below the short-term 50EMA. At the time of analysis, the RSI of the cryptocurrency was 41.5 and it denoted the asset’s proximity to the oversold zone. According to CoinMarketCap, at press time, the Bitcoin (BTC) price was $25,882. In the last 24 hours, its trading volume exhibited a surge of 12.76%. Recommended For You: Crypto Roller-Coaster: The Top 10 Most Volatile Coins of the Month

Bullish RNDR price prediction for 2023 is $2.804 to $4.206. Render Token (RNDR) price might reach $5 soon. Bearish RNDR price prediction for 2023 is $1.097. In Render Token (RNDR) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about RNDR to analyze the future movement of the cryptocurrency. Render Token (RNDR) Current Market Status Current Price $1.92 24 – Hour Trading Volume $82,779,621 24 – Hour Price Change 4.71% down Circulating Supply 366,386,312 All – Time High $8.78 (On November 21, 2021) RNDR Current Market Status (Source: CoinMarketCap) What is Render Token (RNDR)? Render Token (RNDR) is an Ethereum token that powers Render Network, a protocol that enables distributed graphics processing. Render token (RNDR) will make the process of rendering and streaming intricate virtual works easier for all users. It will allow complex GPU-based render jobs to be distributed and processed on a peer-to-peer network, making the transactional process of rendering and streaming 3D environments, models, and objects much simpler for end-users. Render Token (RNDR) Price Prediction 2023 Render Token (RNDR) ranks 55th on CoinMarketCap in terms of its market capitalization. The overview of the Render Token price prediction for 2023 is explained below with a daily time frame. RNDR/USDT Ascending Channel Pattern (Source: Tradingview) In the above chart, Render Token (RNDR) 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 the characteristic of a bearish market. At the time of analysis, the price of the Render Token (RNDR) was recorded at $1.93. If the pattern trend continues, the price of RNDR might reach the resistance levels of $2.782, and $3.673. If the trend reverses, then the price of RNDR may fall to the support of $1.818. Render Token (RNDR) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Render Token (RNDR) in 2023. RNDR/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 Render Token (RNDR) for 2023. Resistance Level 1 $2.804 Resistance Level 2 $4.206 Support Level 1 $1.692 Support Level 2 $1.097 RNDR Resistance & Support Level As per the above analysis, if Render Token’s (RNDR) bulls take the lead, it might hit and break through its resistance level of $4.206. Conversely, if Render Token’s (RNDR) bears dominate the trend, the price of RNDR might plunge to $1.097. Render Token (RNDR) 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 Render Token (RNDR) are shown in the chart below. RNDR/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. The resulting ratio is known as the “relative volume,” which can help traders identify unusual trading activity and changes in market sentiment. High relative volume readings suggest that there is increased interest in the asset, which may indicate a potential trend reversal or breakout. Conversely, low relative volume readings may indicate a lack of interest or a consolidation period. At the time of analysis, the RVOL of Render Token (RNDR) was below the cutoff line, denoting weak 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 its 50MA, it is considered to be in an uptrend (bullish), if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the RNDR price lies below 50 MA (short-term), indicating its downward trend. Hence, it can be concluded that RNDR is in a bearish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). 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 is expressed as a number between 0 and 100, with readings above 70 indicating an overbought state and readings below 30 indicating an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the direction of a trend. 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 reaches an oversold reading of 30, it may suggest that the asset could potentially reverse direction. Markedly, during analysis, the RSI of RNDR is at 38.18. This denotes that RNDR is in a nearly oversold state. Render Token (RNDR) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Render Token (RNDR) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). RNDR/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 RNDR lies in the range of 23.493 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 RNDR lies below 50, indicating low volatility. Comparison of RNDR with BTC, ETH Let us now compare the price movements of Render Token (RNDR) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs RNDR Price Comparison (Source: Tradingview) From the above chart, we can interpret that the price action of RNDR is similar to BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RNDR also increases or decreases respectively. Render Token (RNDR) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, Let us predict the price of Render Token (RNDR) between 2024 and 2030. Render Token (RNDR) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Render Token (RNDR) might successfully test and surpass its resistance levels to hit $6 by 2024. Render Token (RNDR) Price Prediction 2025 The significant upgrades in the Render Token ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Render Token (RNDR) price to reach $7 by 2025. Render Token (RNDR) Price Prediction 2026 If Render Token (RNDR) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $8. Render Token (RNDR) Price Prediction 2027 Render Token (RNDR) might sustain major resistance levels and continue to be recognized as a good investment option. If it stands so in the market, RNDR would rally to hit $9. Render Token (RNDR) Price Prediction 2028 If Render Token (RNDR) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, RNDR would hit $10 by 2028. Render Token (RNDR) Price Prediction 2029 If investors flock in and continue to place their bets on Render Token (RNDR) , then the crypto would witness major spikes. Hence, RNDR might hit $11 by 2029. Render Token (RNDR) Price Prediction 2030 If the trend momentum aligns in favor of Render Token, then the RNDR price is expected to rally to $12 by 2023. Furthermore, RNDR would hold a positive market sentiment and be recognized as a long-term investment with highly profitable ROI. Conclusion If Render Token (RNDR) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Render Token (RNDR) price prediction for 2023 is $4.206. Relatively, the bearish Render Token (RNDR) price prediction for 2023 is $1.097. If there is a positive elevation in the market momentum and investors’ sentiment, Render Token (RNDR) might hit $5. With future upgrades and advancements in the Render Token ecosystem, RNDR might surpass its current all-time high (ATH) of $8.7608 on November 21, 2021 and mark its new ATH. FAQ 1. What is Render Token (RNDR) ? Render Token (RNDR) runs on its native Render Token blockchain which was launched in 2018. It is based on the delegated proof-of-stake (DPoS) consensus mechanism. 2. Where can you buy a Render Token (RNDR) ? Traders can trade Render Token (RNDR) on the following cryptocurrency exchanges such as Binance, BTCEX, Deepcoin, Bitrue, and CoinW. 3. Will Render Token (RNDR) record a new ATH soon? With the ongoing developments and upgrades within the Render Token platform, Render Token (RNDR) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Render Token (RNDR) ? Render Token (RNDR) hit its current all-time high (ATH) of $8.7608 On November 21, 2021. 5. What is the lowest price of Render Token (RNDR) ? According to CoinMarketCap, RNDR hit its all-time low (ATL) of $0.03676 on June 16, 2020. 6. Will Render Token (RNDR) hit $5? If Render Token (RNDR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon. 7. What will be the Render Token (RNDR) price by 2024? Render Token (RNDR) price might reach $6 by 2024. 8. What will be the Render Token (RNDR) price by 2025? Render Token (RNDR) price might reach $7 by 2025. 9. What will be the Render Token (RNDR) price by 2026? Render Token (RNDR) price might reach $8 by 2026. 10. What will be the Render Token (RNDR) price by 2027? Render Token (RNDR) price might reach $9 by 2027. Top Crypto Predictions Sui (SUI) Price Prediction 2023 Pepe (PEPE) Price Prediction 2023 Shiba Inu (SHIB) 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.

Each Snoop Dogg Passport NFT costs 0.025 ETH, or around $43. WME collaborated with Transient Labs which led to the development of the NFT drop. The Snoop Dogg Passport, an NFT pass that grants access to special content and experiences related to the rapper and entertainer’s forthcoming concert tour, was released today, marking yet another step towards Web3 for Rapper Snoop Dogg. Moreover, each Snoop Dogg Passport NFT costs 0.025 ETH, or around $43 at the current exchange rate, and is issued on the Ethereum scaling network Arbitrum. There is no hard cap, and each customer may buy a maximum of 100 passes at a time. WME negotiated an agreement that led to the development of the NFT drop in collaboration with Transient Labs. Traveling the World With the Rapper Snoop Dogg’s “High School Reunion Tour” will include appearances from fellow rap artists Wiz Khalifa, Too $hort, and Warren G, among others, and the “evolving digital tour collectible” will provide access to exclusive behind-the-scenes video and content during the tour. The NFT will also allow users to buy and listen to music and playlists. Additionally, digital artwork from “Snoop Selects” contributors including Terrell Jones and the anonymous Coldie and Alien Queen will be airdropped to NFT customers. The rapper stated: Over the last two years, Snoop Dogg has played more times than any other performer on Web3. He teamed up with the man behind the Nyan Cat meme to release a line of NFT collectibles, introduced avatars and virtual real estate in the form of The Sandbox, a metaverse game, collaborated with the crypto casino Roobet, and much more. Recommended For You: Polygon NFTs Now in Kraken NFTs With Reddit Collectibles Avatars

Terra Classic’s price reached nearly $0.0001 range. LUNC exceeded $1 trillion in staking. In an exciting turn of events, Terra Classic (LUNC) has demonstrated remarkable resilience against building selling pressure, leading to a substantial recovery in its value. At the time of writing, the cryptocurrency experienced a notable surge, with LUNC trading up over 4% at $0.0000953. This surge also marks a significant rebound of nearly 12% from the fresh yearly lows witnessed over the last two weeks, where LUNC dropped to the $0.0008449 range. LUNC Rapid Spike Takes Center Stage in the Market Legal battles escalate in the crypto sphere, and market leaders like Bitcoin (BTC) and Ethereum (ETH) have been on a downtrend due to the Securities and Exchange Commission’s (SEC) crackdown on leading trading platforms Coinbase and Binance, which has made matters worse. However, while the bleeding in the major cryptocurrencies continued, LUNC maintained its upward trend and emerged as the “top cryptocurrency gainer” with three consecutive green candles. These price changes come after “staking in Terra Luna Classic surpassed $1 trillion” and recorded a new record high in the past year. Following that, on May 13, the LUNC price soared about 10% and reached nearly a $0.0001 range. Terra Classic (LUNC) Price Chart (Source: CoinGecko) In addition, Terra Classic holds a 24-hour trading volume of over $83,508,945, which soared about 70%, and a market cap of $559 million. Further, this remarkable comeback indicates the resurgence of renewed confidence and bullish sentiment surrounding the Terra Luna Classic. Recommended for you Terra Classic (LUNC) Price Prediction 2023

Judge instructs SEC and Binance.US to find compromise, prevent asset freeze. SEC files urgent motion for restraining order against Binance.US on June 6. Binance.US and the Securities and Exchange Commission have reached an agreement to collaborate on a resolution that avoids a complete asset freeze at the cryptocurrency trading platform, following allegations of illegal operations by the regulator. The recent statement from US District Judge Amy Berman Jackson highlights the significant progress made by both parties in identifying ways to protect billions of dollars in customer funds, without the need to shut down the exchange during the SEC’s lawsuit. The judge has directed them to collaborate with a magistrate judge to finalize a compromise agreement that addresses this critical aspect. Recognizing the ongoing negotiations between the parties, Judge Jackson confirmed that she would refrain from rendering a final judgment on the SEC’s motion for a temporary restraining order until the matter had been thoroughly addressed with the assistance of the magistrate. According to reports, prior to Judge Jackson’s decision, former SEC enforcement attorney John Read Stark shared with his Twitter followers that there was significant disagreement between the parties regarding their desired outcomes from the hearing. On June 6, the Securities and Exchange Commission (SEC) filed an urgent motion for a temporary restraining order against Binance.US, citing concerns that Binance CEO Changpeng “CZ” Zhao could access customer funds held at Binance.US. Recommended For You: Binance Coin (BNB) Price Prediction 2023

The 40th edition of the World AI Show held in Jakarta brought together tech mavens and industry leaders from the artificial intelligence (AI) space under one roof where they shared valuable insights with the audience. With the fast-paced growth of the global digital infrastructure, businesses and countries today have leveraged the capabilities of AI to augment their digital transition plans. The World AI Show covered a wide array of topics that dominate the AI space today through engaging panel discussions and informative key note speeches. With leading thought leaders, industry experts, and policy makers in attendance exploring the impact of AI on Indonesia’s digital transformation journey. At the World AI Show, Trescon’s Group CEO, Naveen Bharadwaj announced the Digital Acceleration & Transformation Expo (DATE), an upcoming event that will feature 10 co-located events and attract over 5,000 business visitors. With an aim to create a platform that keeps the emerging technologies at the centre, DATE was announced to take place in Jakarta in 2024. During the event, KORIKA, a partner at the event, made an official announcement about OpenAI’s CEO, Sam Altman’s visit to Indonesia. The visit is seen as a positive sign by businesses who are leaning towards AI adoption. “At the heart of the eco system lies the essence of collaboration, collaboration is not merely a password it is the driving force behind innovation, economic growth and societal development.” Prof. Hammam Riza, President, Korika “What we have to do first is we have to get the project scoping right” Nicholas Eng, Solution Engineer, Dataiku “Our country is diversified country, how we can reach to the rural areas, mainly that kind of a technology we have to bring it to the rural areas and also, we have to look at it how the sustainability we have to bring using the AI technology” Dr. Sankaraiah Sreeramula, Chief Data Scientist, APP Sinarmas “We need to have very good decisions based on data and from data to information, so in terms of problem solving and decision making we’ll have great assistance from AI and Digital Transformation.” Sabam Hutajulu, Member Board of Directors and Head of Audit Committee, Indonesia Air Asia The World AI Show held several key discussions and insightful keynote speeches that discussed the emerging trends that can help businesses to optimise their operations. One of the thought provoking panel discussion that caught everyone’s attention was on the topic of accelerating digital transformation across Indonesia. The panel featured Dr. Anto Satriyo Nugroho, Director of Research Center for AI and Cybersecurity, National Research and Innovation Agency (BRIN), Shinta Nurhariyanti, Ministry of Communication and Informatics, Directorate of e-Government , Sarwoto Atmosutarno, Chairman, Indonesia Telematics Society (MASTEL). Moderated by Naveen Bharadwaj, Group Chief Executive Officer (CEO), Trescon. They examined the role of AI in improving data quality across government departments and the importance of enhancing efficiency of e-government and public services. With e-governance slowly dominating the conversation, the panellists also brought the focus back on how AI can help enhance the quality and delivery of government services. Another key panel discussion that was worth noting was the discussion on how AI can play a major role in the future of banking in the country. The panel discussion featured Indra Hidayatullah, Data Management & Analytics Division Head, PT. Bank Tabungan Negara, Tbk., Kevin Kane, Chief Technology Officer, Amar Bank, Raine Renaldi, Chief of Economy & Digital Asset Committee, KADIN – Indonesian Chamber of Commerce & Industry. Moderated by Sonny Supriyadi, Head, Pricing & Data Analytics, Maybank Indonesia, the panellists shared insights on how business innovation is evolving with AI and how AI in banking can help establish a solid business continuity. The field of AI still has a long journey ahead of it but the impact that it has had over the past few years is visible. As the world continues to deliberate over the upcoming trends that can have a transformative impact in optimising business and government operations, the World AI Show has become an essential and important platform for knowledge sharing, collaborations and business growth for the AI space. The 40th Global edition of the World AI Show was sponsored and supported by: Supporting Partners: KORIKA and KADIN INDONESIA Platinum Sponsor: Dataiku Gold Sponsors: IBM| Denodo | Alibaba Cloud | Aerospike Executive Roundtable Partner: AMD Bronze Sponsors: Crayon | Altair Exhibitors: Snowflake| Eranyacloud | Exotel Community Partner: IAIS Official Media Partner: tvOneNews For media inquiries and further information, please contact: Nupur Aswani Head – Media, PR and Corporate Communications, Trescon +91 95559 15156 [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.

FLEX experienced the highest volatility and significant price surge. Several coins saw dramatic shifts in rankings and market dynamics. Caution and research are essential in the highly dynamic cryptocurrency market. In a riveting twist, the last 30 days in the cryptocurrency market have been nothing short of a roller-coaster ride. Notably, a handful of coins have seen significant volatility, causing a seismic shift in rankings and market dynamics. Flexing the Volatility Muscle At the top of the list, FLEX outshines the rest with a jaw-dropping 61.4% volatility in the past month. Astonishingly, its price rose to $2.59, driving a 256% surge in its market value. Consequently, the coin’s market cap stands at a solid $256 million. Currently, the principal exchange platform for FLEX is BKEX. Moreover, other coins are grappling with their dramatic shifts. OVR, for instance, clocked a 53.4% volatility with a modest price of $0.352. Despite the turbulence, it saw a 26% growth, taking its market cap to $18.1 million. However, unlike FLEX, it’s primarily traded on Gate.io. Underdogs Stir the Pot Akash Network and ABBC Coin are also part of this tumultuous list. Specifically, Akash Network, with a volatility of 50.9%, and ABBC Coin, at 47.3%, saw their prices soar to $0.481 and $0.171, respectively. They managed to amass market caps of $94 million and $171 million while actively trading on Kucoin and Huobi. Besides these, despite their volatility, Multichain and ArbDoge AI saw a substantial decrease in their market values. Multichain’s value slipped by 57.3%, whereas ArbDoge AI fell by 53.9%. Significantly, both coins are currently traded on Binance and Huobi, respectively. Arpa, Linear, SUI, and Pepe also showcased high volatility levels. With a 37.8% volatility, Arpa saw a 10.7% decrease in its market value. On the other hand, Linear, with a volatility of 33.6%, recorded a 66.8% increase. To sum up, these cryptocurrencies’ wild fluctuations underline the market’s highly dynamic nature. Hence, caution and research are as crucial as courage in this digital wild West.

As per CoinMarketCap, Shiba Inu token has increased in price by 1.49%. SHIB has encountered a whale transaction of 1.5T tokens. With no surprise, Shiba Inu (SHIB), one of the popular memecoins has been purchased by massive whales over a period. Yet, subsequently, the burn rates are getting higher on the other hand. However, these activities engage the crypto community. From the Shiba Inu (SHIB) records and transfers, Lookonchain has captured the largest holder of SHIB with 1.5 trillion tokens. Meanwhile, as per the current market price, it accounts for $10 million considering the last 24 hours. Largest Whale Records The huge transfer of the SHIB tokens is accumulated from the major cryptocurrency exchanges namely Binance and Coinbase. According to the records retrieved, the largest whale totally has 5.3 trillion SHIB tokens worth $35.5M. Meanwhile, the same whale encountered over the last month on May 16, 2023, where twenty trillion SHIB tokens were transferred. At that time, the value of the transfer is approximately $134 million accordingly to the market price. The identified address of the whale is ‘0x40B3’ from the reports of Lookonchain. Moreover, this whale is considered the top SHIB holder comparing the other records. SHIB Token Activities Over the last 24 hours, the accounted transactions to a dead wallet are nearly 3 million SHIB tokens. Meanwhile, the burn rate is a 13.18% increase compared to the previous day. Currently, Shiba Inu is priced at $0.000006772 with an increase in price of 1.49%. Shiba Inu Price Chart (Source: CoinMarketCap) According to CoinMarketCap, the market capitalization of Shiba Inu is increased by 1.49%, ranking 18th among the other tokens. However, the trading volume is not active and has fallen by 7.87% comparatively. Recommended For You: Shiba Inu (SHIB) Price Prediction 2023

STCSM fuels innovation and promotes scientific literacy in Shanghai. It fosters global scientific cooperation, enhancing Shanghai’s international relevance. STCSM upholds scientific integrity and ethical research practices. Located at the heart of the bustling metropolis, the Science and Technology Commission of Shanghai Municipality (STCSM) consistently fuels the city’s innovative spirit. This dynamic organization is instrumental in developing and implementing groundbreaking scientific and technological plans for Shanghai. Moreover, its commitment to the city’s future is more than just theoretical. They translate their strategies into tangible measures, significantly propelling technological research and transfer across multiple sectors. Additionally, the STCSM, as a critical municipal government body, is proactive in fostering science popularization. They promote scientific knowledge and understanding among the citizens of Shanghai, setting the city apart as a hub of scientific literacy. Advancing International Collaboration and Upholding Scientific Integrity Besides its pivotal local role, STCSM underscores the importance of international scientific cooperation and exchange. By fostering global partnerships, they ensure Shanghai stays at the forefront of scientific discovery and technology development. Consequently, the city is not only a thriving center of innovation in China but also a significant player on the global stage. Furthermore, as per the reports, the STCSM takes the matter of scientific integrity very seriously. The organization works diligently to establish and maintain a rigorous system for scientific research supervision, promoting transparency and ethical research practices. In a unique blend of domestic and international initiatives, the STCSM also facilitates the foreign workforce in Shanghai by managing the review and approval of work permits. Hence, the commission actively contributes to the city’s inclusive growth and multicultural environment. Amid rapid technological change and international interconnectivity, the Science and Technology Commission of Shanghai Municipality continues to be a beacon of progress. Their commitment to fostering innovation, integrity, and cooperation exemplifies how they’re shaping the city’s present and paving the way for Shanghai’s technologically advanced future.

Polygon Labs argues SEC’s ‘exchange’ redefinition misfits decentralized blockchain operations. The proposal’s broad scope could inadvertently impact diverse blockchain-reliant industries. Polygon Labs, a blockchain infrastructure behemoth, is sounding the alarm over the Securities and Exchange Commission’s (SEC) proposed redefinition of ‘exchange.’ The tech titan expressed these concerns in a June 13, 2023, letter requesting the SEC to reevaluate its proposed amendments to Rule 3b-16 under the Securities Exchange Act of 1934. Blockchain Validators: Not Your Traditional ‘Group of Persons’ In the communication, Polygon Labs draws attention to the significant disconnect between the SEC’s proposed interpretation of ‘exchange’ and the reality of blockchain operations. Notably, the SEC’s suggestion that validators on a blockchain network—a host of independent, decentralized participants—should register as a ‘group of persons’ raises eyebrows. On the other side, Polygon Labs argues that due to their decentralization and independence, these validators can’t coordinate as a traditional group. Moreover, the requirement for network operators to register is highlighted as a ‘critical flaw’ with profound implications. This could hinder technological innovation and economic growth in the U.S., an outcome that should be avoided. Ambiguity and Misinterpretation: Two Troubling Aspects Beyond this, the company raises questions about the unclear nature of the proposed “New Rule 3b-16(a) Systems.” Polygon Labs underscores that this ambiguity leaves several questions unanswered, including who the rule targets and whether compliance is feasible. In addition, Polygon Labs points out the sweeping nature of the proposal, encompassing relationships far removed from traditional securities exchanges. The potential for misinterpretation here is vast, potentially causing more harm than good. Unintended Consequences for Blockchain-based Technologies The company ultimately cautions against the SEC’s proposal, expressing concern about its excessively broad scope and the potential for wide-ranging consequences. These unintended consequences could significantly impact diverse industries, especially those reliant on blockchain technologies like permissionless distributed ledgers and decentralized finance. In conclusion, while it’s clear that regulatory frameworks need to adapt to new technological realities, this proposal, according to Polygon Labs, misses the mark. Consequently, the SEC must revise its proposal, balancing regulation and innovation.

The BNB is being sold off for BUSD to suppress volatility in Bitcoin. The controversial tweet raises questions about the crypto community. The U.S. Securities and Exchange Commission has continuously filed lawsuits against the top crypto exchanges, including the world’s largest crypto exchange, Binance. After the lawsuit, Binance gained a lot of support from the crypto community. Recently, Binance CEO Changpeng Zhao replied to the tweet of a crypto enthusiast. The tweet mentioned that the crypto exchange and CEO CZ are selling Bitcoin to defend the BNB $220 liquidation. There is another reply tweet that confirms that Binance has sold Bitcoin. He mentioned that Bitcoin is being sold off for USDT reserves. Moreover, the BNB is being sold off for BUSD to suppress volatility in Bitcoin. He added that this is technically market manipulation, and Binance is definitely up to something here to prevent BNB from crashing as well as Bitcoin. However, CZ replied that Binance had not sold any Bitcoin or BNB. Moreover, the exchange still has a bag of FFT. The controversial tweet raises questions about whether the crypto exchange sold Bitcoin and BNB.

House Financial Services Committee urges Congress for a clear regulatory framework on digital assets. Jurisdictional challenges between SEC and CFTC complicate digital asset classification. The lack of consistent standards leads to uncertainty for market participants and investors. In an ongoing motion, the House Financial Services Committee has called upon Congress to establish a consistent and clear regulatory framework for digital assets, emphasizing the need for regulatory certainty in the ever-evolving landscape. The motion highlights the jurisdictional challenges between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and the difficulty in determining whether a digital asset should be classified as a security or a commodity. Under the Securities Act of 1933 and the Securities Exchange Act of 1934, the SEC holds full authority over the offer, sale, and trading of securities, with the requirement that all securities must be registered with the SEC or qualify for an exemption. On the other hand, the Commodity Exchange Act (CEA) and CFTC regulations govern the comprehensive regulatory regime for commodity derivatives trading but lack a similar framework for spot trading. The central question is whether a digital asset falls within the definition of security and, therefore, under the SEC’s jurisdiction. The purpose of security includes an “investment contract,” as defined by the Supreme Court in SEC v. W.J. Howey Co. encompasses arrangements involving an investment of money in a joint enterprise, with an expectation of profits derived from the efforts of others. Notably, all four factors must be present for an arrangement for classification as an investment contract. Market participants, consumers, and investors seek regulatory clarity as a digital asset’s classification dictates its requirements and obligations. However, consistent and transparent standards have yet to be established, leading to ongoing uncertainties. Furthermore, enforcement actions by the SEC and the CFTC have revealed divergent views on whether certain digital assets should be classified as securities or commodities. Stablecoin Regulations Lacking: Congress Called to Act For instance, the CFTC recently initiated an enforcement action against Binance, declaring Binance’s BUSD stablecoin, bitcoin, ether, and Litecoin commodities. Conversely, SEC Chair Gensler has expressed that all digital assets, except Bitcoin, should be considered securities. In a recent case against Binance and its Founder Changpeng Zhao, the SEC, they were alleged that Solana’s (SOL), Cardano’s ADA, Polygon’s MATIC, and several other tokens were offered and sold as securities. These inconsistent positions underscore the urgent need for congressional action. Moreover, stablecoins have gained prominence as a class of digital assets designed to provide price stability by being pegged to the value of other assets, most commonly the U.S. dollar. Stablecoins aim to offer reduced volatility, allowing them to function similarly to traditional currencies. However, without a clear regulatory framework, potential risks and implications associated with stablecoins remain uncertain. Given these challenges, the House Financial Services Committee urges Congress to act promptly. By establishing a comprehensive regulatory framework, Congress can provide the much-needed clarity for market participants, consumers, and investors, fostering innovation and safeguarding against potential risks. The ongoing motion signifies the urgency and necessity of regulatory action to address the complexities surrounding digital assets in today’s financial landscape. Recommended For You: U.S House Committee Proposes Draft Stablecoin Law

Uniswap v4 introduces game-changing ‘hooks’ for liquidity pool customization. Architectural upgrades in Uniswap v4 reduce costs and enhance efficiency. Uniswap v4 solidifies its role as a vital component of future financial infrastructure. In an exciting and consequential revelation, Uniswap has announced its vision for v4, promising ground-breaking changes that could redefine the future of decentralized finance (DeFi). Significantly, this update places Uniswap as a critical component of financial infrastructure, a testament to its burgeoning influence in the blockchain space. A Leap Towards Customization: Unveiling ‘Hooks’ One of the key innovations in Uniswap v4 is the introduction of ‘hooks,’ a dynamic feature set to revolutionize liquidity pools. Hooks allow users to add entirely new pool functions, such as dynamically adjusting fees or creating innovative order types. Thus, they enhance the power and flexibility of Uniswap’s platform, paving the way for a vibrant ecosystem. To demonstrate the immense potential of hooks, Uniswap has introduced sample hooks. These include time-weighted average market maker (TWAMM), on-chain limit orders, and customized on-chain oracles. Consequently, we can expect a surge in the diversity and complexity of liquidity pools, marking a significant milestone in DeFi. Architectural Upgrades: Reducing Costs and Enhancing Efficiency Besides introducing hooks, Uniswap v4 also boasts various architectural improvements. These upgrades are designed to support a multitude of unique pools, driving the platform’s adaptability and versatility. To gain deeper insights into these advancements, Uniswap has provided a technical whitepaper explaining its vision for v4. The platform now hosts v4 pools in a single contract. As a result, the cost of pool creation has plunged by a remarkable 99%. Furthermore, a new ‘flash accounting’ system has been implemented. This system dramatically cuts the cost of routing across multiple pools. Developers, therefore, can now leverage Uniswap’s robust security and expansive network effects without constructing their own Automated Market Maker (AMM) from scratch. Consequently, Uniswap v4 brings swift, flexible AMM innovation into one robust ecosystem, enabling developers to focus more on designing unique hook integrations. Indeed, this marks a great stride forward for Uniswap, reinforcing its position as a core component of the financial infrastructure of the future.

Balancer protocol deploys on Polygon’s zkEVM, optimizing Ethereum scaling and driving liquidity growth in the zkDeFi ecosystem. Integration of Balancer strengthens the DeFi experience on Polygon, creating a seamless and interconnected user environment. Balancer’s unique positioning facilitates network-wide liquidity growth on Polygon zkEVM, leveraging the 8020 Initiative and Boosted Pools. In a significant stride towards optimizing Ethereum scaling and driving liquidity growth in the zkDeFi ecosystem, the Balancer protocol has announced its deployment on Polygon’s zkEVM. This move strengthens the DeFi experience on Polygon, creating a seamless and interconnected user environment. Balancer’s unique positioning allows it to play a crucial role in facilitating network-wide liquidity growth on Polygon zkEVM. By harnessing innovative technologies like the 8020 Initiative, Balancer offers deep liquidity, efficient incentive programs, and reduced volatility, leading to the next stage in DeFi governance. The power of Layer2 solutions lies in their ability to enhance Ethereum’s scalability, efficiency, and cost-effectiveness. Hence, Balancer’s integration on Polygon zkEVM amplifies these benefits, opening doors for accelerated development and progress throughout the ecosystem. One of Balancer’s essential features, Boosted Pools, is designed to wrap and route idle liquidity to external yield-generating protocols. This approach ensures optimal resource utilization and provides users with additional sustainable Liquidity Mining incentives. Consequently, this mechanism is primed to turbocharge the growth of DeFi on Polygon zkEVM, offering participants an enhanced and rewarding experience. Significantly, the presence of Balancer on this network expands the possibilities and potential for the entire ecosystem. Besides its commitment to seamless interoperability, Balancer’s collaboration with it strengthens the overall liquidity landscape and enhances platform connectivity. This alliance is a testament to the continuous efforts to build a robust and thriving DeFi ecosystem. Moreover, the deployment of Balancer on Polygon zkEVM signifies a forward-looking approach toward Ethereum’s scalability and liquidity challenges. By leveraging the strengths of both platforms, users can expect improved efficiency, connectivity, and growth in the DeFi space. Long-Term Implications of Balancer-Polygon Collaboration However, it’s worth noting that integrating Balancer on Polygon zkEVM is more comprehensive than its immediate benefits. The long-term implications are far-reaching, as this collaboration paves the way for future innovations and advancements in DeFi. Additionally, this strategic move reinforces the importance of Layer2 solutions in addressing scalability concerns and unlocking the full potential of Ethereum. Balancer’s presence on Polygon zkEVM is a testament to the continuous evolution of DeFi and its ability to adapt to the changing needs of users. Balancer’s deployment on Polygon zkEVM marks a significant milestone toward an optimized DeFi experience. By harnessing the power of technologies like the 8020 Initiative and Boosted Pools, Balancer strengthens liquidity growth, governance, and overall development on Polygon zkEVM. This collaboration sets the stage for a seamless, interconnected, and enhanced future of decentralized finance in its ecosystem. Recommended For You: Polygon’s zkEVM Beta Hits 100K Wallets, Setting New Adoption Record

The two countries have become an unstoppable duo in the crypto world. The partnership is expected to reshape the global economy. The U.S. Securities and Exchange Commission (SEC) has become increasingly aggressive in its pursuit of regulatory enforcement within the crypto world. The SEC has continuously filed lawsuits against the top crypto exchanges, including Binance. It creates uncertainty about the future of the crypto firms operating in the United States. Following that, the BRICS countries of Russia and China set to surpass the U.S. in crypto adoption. According to the report, Russia and China have joined hands to surpass the United States in crypto adoption. The two countries have become an unstoppable duo in the crypto world. While the SEC struggles to make up clarity about the crypto regulations, the move by Russia and China to increase crypto adoption expected to realize the immense potential of crypto. Russia and China’s Collaborative Efforts The two countries are capitalizing on the shifting regulatory landscape to position themselves at the forefront of the crypto revolution. Moreover, with the two superpowers set to support crypto, the world expected to witness an epic shift in the financial landscape. Russia has continuously worked on the development of crypto adoption. Recently, the country has been in talks with Iran, signaling a new era of crypto-enabled trade. This is to create a way for seamless financial transactions. Following that, Russia joined with China to surpass the U.S. in crypto adoption. As China and Russia improve innovation, the U.S. risks falling behind. This may affect the dollar’s dominance. The two countries are strategically positioning themselves to lead the crypto race. Moreover, the partnership expected to reshape the global economy.

If the attacker accepts the offer, the lending platform’s team won’t take any more action. On June 12th, over $800,000 worth of digital assets were stolen from the DeFi platform. Sturdy Finance, a decentralized finance (DeFi) platform, has declared a $100,000 bounty to the hacker who discovered the protocol’s vulnerability. If the attacker accepts the offer, the lending platform’s team won’t take any more action. On June 12th, over $800,000 worth of digital assets were stolen from the DeFi platform. After an attacker exploited flaws in the system. Also, according to the security companies, the vulnerability was caused by a flawed pricing oracle. And the hack was executed via a reentrancy attack. As a result, the website froze all markets and reassured users that their money was safe. Successful Strategy at Times Moreover, a day after the theft, the protocol’s co-founder, Sam Forman, tweeted that the hackers may keep $100,000 provided they returned the remaining funds to a wallet the team had designated. Also, Forman claims that recent hacks have shown that it is no longer simple to avoid vulnerabilities. The CEO has said that the team is prepared to dismiss the matter if the hacker accepts the offer. Forman said that the hacker may come to Sturdy Finance for talks. Furthermore, recent attacks have shown that platforms may be able to retrieve some of the stolen cash by providing rewards to attackers. On April 4, the Euler Finance team was able to negotiate and give a reward to its attacker, resulting in the return of 90% of the stolen assets in one of the largest DeFi attacks this year. Also, Sentiment, a lending protocol, offered a reward to the hacker who exploited their system and recouped $870,000. However, not every project has the same level of success when negotiating with hackers. After an attacker exploited the Jimbos Protocol platform on June 1, the developers behind the protocol offered an $800,000 bounty to anybody who could identify the perpetrator. Moreover, the platform stated that the reward will be given to whoever provided information that results in the hacker’s arrest or the recovery of the cash. Recommended For You: DeFi Protocol Sturdy Finance Loses $800k in Recent Exploit

Binance’s CEO has first responded to the SEC lawsuit. The judgment relies on the U.S. District Court against this case. As of now, the top cryptocurrency exchange, Binance has submitted its responses against the lawsuit claimed by the Securities and Exchange Commission (SEC). The CEO of Binance, Changpeng Zhao reached out to the court responses and it seems the heat of the moment. Considerably, the judgment relies on the U.S. District Court once after the hearing at Washington D.C. earlier today. However, the case will be processed ahead concerning the arguments and discrepancy between Binance and the SEC. Once after receiving the complaint, Binance assured its investors that they prefer safety and provide ensured systems for deposits and withdrawals. Yet, the SEC complaint was truly disappointing, said Changpeng Zhao lately. Following the deadline for Summons issued by the U.S. District Court, Binance CEO has now published his response. Zhao confirmed that there is no FUD on submitting the response whereas it is the procedure that is ‘nothing new’. Currently, Binance looks ahead to proceed with the case of the SEC lawsuit against them as per the court judgment concerning the arguments that have passed so far. Recommended For You: Binance Bullish Against SEC: Netflows Exceed $521M

BTC miners move over $174 million worth of Bitcoin. The movement from miners has witnessed a spike from May 31. 14-day average miner movement of BTC stands at 489.26 BTC. According to blockchain analytics firm Glassnode, there has been an increase in the transfer of bitcoin (BTC) from miners to centralized exchanges since May 31. Data reveals that miners or entities responsible for minting coins by verifying transactions on the blockchain have moved a total of 6,671.99 BTC ($174 million) to exchanges during this period. On June 3 alone, miners transferred 2,606 BTC to exchanges, marking the highest single-day tally in over four years. Bitcoin miners move millions worth BTC The 14-day average of miner transfers to exchanges has seen a significant rise, reaching 489.26 BTC, the highest level since March 2021. Concurrently, the balance in wallets associated with miners has decreased by approximately 2,000 BTC within a two-week timeframe. Historically, the movement of coins from miner or investor wallets to exchanges is often interpreted as an intention to sell or liquidate the coins. Consequently, the increased transfer of coins from miners to exchanges is generally perceived as bearish. However, it is worth noting that these recent transfers account for only 1.3% of Bitcoin’s 24-hour trading volume, which stands at $13 billion. Thus, the impact on Bitcoin’s price is not expected to be substantial. Furthermore, heightened miner transfers are often seen as an expression of confidence in Bitcoin’s price outlook. The underlying logic is that miners’ profitability is closely linked to Bitcoin’s price, prompting them to increase sales when they perceive a strong market capable of absorbing the additional supply. This approach resembles the actions of a central bank from a nation with a current account deficit buying U.S. dollars in the open market when the currency is widely available. By doing so, the central bank can build reserves without risking a depreciation of the local currency. As of now, bitcoin’s price remains within a familiar range above the key support level of $25,200, based on data.