Litecoin price is now back under $100, locked within an ever tightening trading range. The lack of notorious cryptocurrency market volatility in LTCUSD in recent weeks is reminiscent of late 2016 and early 2017 — right before an epic 100x rally. With the signal back, does this mean that another sizable surge is ahead? A Pre-100x Litecoin Signal Is Back Past performance is never a guarantee of future results, but technical analysis seeks out various signals and historical patterns in hopes of increasing the probability of success. What can be guaranteed, however, is that after a long period of low volatility, it ends with a bang and a breakout back into a highly volatile state. Combine this behavior with the more volatile crypto asset class, and you’ve got a recipe for some serious moves. So large in fact, that the lowest volatility that Litecoin ever reached, concluded with a breakout into a 100x rally. In less than a year’s time, LTCUSD grew from $3 to over $300. Now that signal is back again, and it could once again lead to a huge move in Litecoin. But it doesn’t necessarily mean up. Why Low Volatility Ends With A Bang The pre-100x signal in LTCUSD we are talking about is the 9-day Bollinger Bands, and Bollinger Band Width. The Bollinger Bands are the second-tightest in Litecoin history. The Bollinger Bands are a volatility-measuring tool using a simple moving average and two bands set at two standard deviations. They expand with high volatility and contract with low volatility. A low volatility state, called a squeeze, always ends with a significant move and turn to shocking volatility. But volatility is only the measure of price dispersion over a time period. This means a that the large move, when it finally arrives, could be down. However, several other technicals support price appreciation in the future so up is also an option. What isn’t an option, is remaining in this low volatility state for much longer, so buckle up, it’s about to get interesting soon enough. Furthermore, Bollinger Band Width has been contracting with lower highs for six full years. If the downtrend pattern breaks, the largest movement in half a decade might arrive.

Sumit Gupta has voiced his concern regarding the negative impact of taxes. He highlighted the adverse consequences of a 1% TDS on crypto transactions. In recent discussions on Twitter, industry experts and observers have raised concerns over the taxation policies implemented in India, particularly those affecting the crypto and gaming sectors. Sumit Gupta, CEO of CoinDCX, and Twitter user Ravisutanjani have voiced their apprehensions regarding the potential negative impact of taxes on these industries. Sumit Gupta highlighted the adverse consequences of a 1% Tax Deducted at Source (TDS) on crypto transactions, asserting that it has had a crippling effect on the Indian crypto industry. According to Gupta, this policy has inadvertently favored offshore crypto platforms that operate outside the purview of Indian tax laws, disadvantaging local businesses and hindering industry growth. Similarly, Gupta expressed concerns about the 28% GST levied on the entire face value of online gaming. He suggested that this tax rate could potentially decimate the Indian gaming industry, with illegal offshore platforms reaping the benefits at the expense of domestic companies. Tax Burdens on Indian Citizens Ravisutanjani further joined the conversation by pointing out the existing tax burdens on Indian citizens, including income tax rates of up to 30% and a 28% GST applicable to various goods and services. Ravisutanjani expressed frustration over the exclusion of fuel and alcohol from the GST ambit, while crypto and gaming face taxation. Additionally, Ravisutanjani drew attention to the Board of Control for Cricket in India (BCCI), which is classified as a charitable organization, implying perceived inconsistencies in the tax system. Both Gupta and Ravisutanjani argued that taxing emerging industries like crypto and gaming may lead to unintended consequences. They expressed concerns that such tax policies create arbitrage opportunities, benefiting illegal offshore platforms and causing detrimental effects on customers and startups. It is important to note that these perspectives represent the opinions of individuals on social media platforms and may not reflect the entire range of views on the subject. As the debate surrounding taxation in the crypto and gaming industries continues, stakeholders and policymakers will likely consider these concerns while crafting future tax policies.

New data from Kaiko on July 11 indicates that the correlation between Bitcoin and the Nasdaq Composite Index is at a two-year low. The correlation coefficient between these two assets dropped to less than 1% in early July. At this level, it is at July 2021 lows. The NASDAQ Composite Index tracks the performance of all stocks listed on the NASDAQ stock exchange. Among stocks listed on this bourse include Coinbase’s COIN. Dropping Correlation Between Bitcoin And NASDAQ A correlation coefficient of around 0% signifies a weak negative relationship between Bitcoin and the NASDAQ. This implies that Bitcoin prices moved in the opposite direction or are unrelated to the NASDAQ Composite Index action. As of July 10, Bitcoin prices were relatively firm, oscillating around the $30,000 level and generally in an uptrend looking at price performance in Q2 2023. For context, Bitcoin is less than $2,000 away from 2023 highs of $31,400 registered in June 2023. Meanwhile, market data shows that the NASDAQ Composite Index is also at multi-month highs and firm, reflecting the broader market recovery in the United States. The dwindling correlation between Bitcoin and the NASDAQ may be attributed to several factors. One potential explanation is that investors are becoming more discerning in their investment choices. As the cryptocurrency market matures and regulations are drafted, investors might seek assets with low correlation with traditional finance instruments like stocks and indices. The other reason could stem from the recent action of the cryptocurrency market. In 2022, cryptocurrencies, including Bitcoin, fell from highs registered in 2021. After peaking at over $69,000, Bitcoin prices crashed in 2022. This was fast-tracked by the solvency of several centralized finance platforms offering crypto services, including Celsius. The collapse of FTX, a popular cryptocurrency exchange, forced prices even low. In November 2022, BTC prices crashed below $16,000. Like crypto assets, technology stocks like COIN listed on NASDAQ are relatively volatile and were also impacted by rising interest rates in 2021. Subsequently, the dump in asset prices might have forced investors to be more risk-averse and diversify their holdings, forcing the correlation between NASDAQ and Bitcoin even lower. Watching The US Federal Reserve Whether this correlation will fall in the months ahead remains to be seen. However, at the moment, the cryptocurrency market seems fragile. Bitcoin bulls have failed to break above June 2023 highs in continuation of bullish pressure in the past few weeks. At the same time, market participants closely track how the United States Federal Reserve will proceed with its monetary policy. After steadily increasing interest rates to tame rising inflation, the central bank paused rate hikes in Q2 2023. Whether they will slash rates in the coming months remains to be seen.

20M MATIC has been transferred from Polygon Staking wallet. Polygon’s team has not released any official statement regarding the transaction. In a surprising turn of events, a substantial amount of 20 million MATIC, equivalent to approximately 14,742,505 USD at current market rates, has been transferred from Polygon Staking to an unknown wallet. The transfer has left the cryptocurrency community and investors speculating about the motives and implications behind this mysterious transaction. Polygon, formerly known as Matic Network, is a popular layer 2 scaling solution for Ethereum that aims to enhance scalability and improve user experience on the blockchain. The platform has gained significant attention in recent years, attracting numerous developers and users due to its efficient infrastructure. The sudden movement of such a substantial number of MATIC tokens has raised eyebrows among market participants. While the exact details surrounding the transfer remain unclear, it has sparked discussions and speculations about its potential impact on the cryptocurrency market and the Polygon ecosystem. Further Data On Matic Transaction The transfer of these tokens to an unknown wallet has led to concerns over the potential market volatility. And possible implications for Polygon’s staking community. Investors are eagerly awaiting further information to gain insights into the motive behind this transfer. And its potential consequences for the token’s value and market sentiment. Polygon’s team and community have yet to issue an official statement regarding the transaction. It is hoped that they will provide clarification and address any concerns that may arise from this event. Experts and analysts are closely monitoring the situation. In order to provide further insights into the implications of this transfer on the broader cryptocurrency market. As the cryptocurrency industry continues to evolve and mature, such events underscore the need for transparency and vigilance. Market participants are advised to exercise caution and closely monitor any developments related to this transfer.

CertiK completes successful security audit of XLS-30d, an AMM on the XRP Ledger. CertiK’s audit validates the robustness of XLS-30d, boosting investor confidence in XRP’s bullish potential. Ripple (XRP) is experiencing a surge in bullish sentiment as recent positive developments fuel optimism among investors. A comprehensive security audit of an Automated Market Maker (AMM) on the XRP Ledger, conducted by CertiK, has reinforced confidence in Ripple’s security measures, attracting more participants to the ecosystem. The audit’s successful completion validates Ripple’s commitment to maintaining a robust and trustworthy platform. In a significant milestone for the XRP Ledger (XRPL) ecosystem, CertiK, a prominent blockchain security firm, has successfully concluded an extensive security audit of the Automated Market Maker (AMM) developed under the technical specification XLS-30d proposed by Ripple. This groundbreaking AMM aims to enhance the exchange functionality and utility for both XRPL token holders and builders on the XRP Ledger. Jason Jiang, Chief Business Officer at CertiK Said, Additionally, Ripple’s innovative solutions for cross-border payments and partnerships with financial institutions continue to drive positive market sentiment. With growing adoption and advancements in the XRP ecosystem, Ripple (XRP) is positioned for a bullish trajectory. Moreover, prompting increased investor interest and market activity. Read more about Ripple (XRP) Price prediction on this price prediction article.

Co-founders of Alienware lead funding round to support Gamercraft’s mission of empowering amateur gamers and enhancing the online competitive gaming experience MIAMI–(BUSINESS WIRE)–Gamercraft, the AI-driven, skill-based competitive gaming platform, has successfully raised $5 million in funding for the first part of its seed round. The funding was led by the co-founders of computer hardware giant Alienware (existing investors) and included participation from Le Fonds, Mistral Ventures, Quantic Fund, Stellaria Capital, and others. The company plans to use the proceeds to expand engineering & platform capabilities, introduce new games and genres in 2024, and expand growth marketing efforts. The Miami-based firm plans to close the seed round later this year. Established in 2020, Gamercraft’s mission is to accelerate the evolution of skill-based gaming economies into fundamental aspects of the overall video game industry. “We envision a future where gamers will no longer have to settle exclusively for passive gaming experiences, instead embracing experiences where their time and skills invested result in tangible returns for them,” said CEO, Jose Javier Garcia-Rovira. This ambitious vision forms the core of Gamercraft’s mission: to integrate skill gaming into the heart of future gaming economies. Gamercraft’s focus is driven by forming new markets around complex, highly strategic, player-versus-player (PvP) games, offering challenges, competitions, and robust anti-cheat detection to enhance gaming experiences and trust for all players. Building upon its growth and success to date from the AAA online titles already supported on its competitive PVP platform, new funding will allow Gamercraft to rapidly accelerate the development and launch of a library of new game genres and titles. The select collaborations up to now have allowed Gamercraft to attract an impressive user base composed of hundreds of thousands of passionate gamers across North America, Latin America, and Europe, with millions of new users forecasted via new product development. The accelerating adoption of Gamercraft’s platform highlights the rising demand for an accessible skill-based gaming economy and signals the potential for a new era of competitive gaming. At the intersection of blockchain and AI, Gamercraft is forging a unique path as a gaming infrastructure player. Where traditional anti-cheat models fall short, Gamercraft’s engineering talent has pioneered a new solution: an adaptive learning-based model to analyze the most granular details of player data. The platform leverages the AWS Quantum Ledger, a fully managed ledger database that provides a transparent, immutable, and cryptographically verifiable transaction log. Gamercraft’s innovative & proprietary scoring and player-tracking system meticulously analyzes hundreds of data points per game for each player and translates them into precise performance assessments and insights using AI. The precision of this model ensures fair play and paves the way for highly defensible, hyper-localized features such as personal AI coaching and player development. This blend of AI and blockchain technology sets Gamercraft apart in its commitment to delivering high-value competitive gaming experiences and analytics for players at all skill levels. The company plans to utilize a portion of its proceeds for further exploration and innovation in promising areas of competitive and blockchain gaming, aligning with its core mission. While maintaining its focus on the AI-driven gaming ecosystem, these strategic additions will further solidify Gamercraft’s role as a leader in the growing skill-based gaming market. About Gamercraft Gamercraft is an AI-driven, skill-based competitive gaming platform that empowers mobile, PC, and console gamers to compete against each other in tournaments for monetary rewards, complemented by a supporting portfolio of value-added services designed to improve player performance. The company is on a mission to revolutionize gaming by utilizing artificial intelligence to provide a trustworthy, fair, and robust set of competitive gaming experiences. Compete, improve your skills, and make your mark. http://www.gamercraft.com Contacts Athena Rosso, +1 617-286-2837 [email protected]

An address associated with the Ethereum co-founder, Vitalik Buterin, has moved 2,013 ETH to OKX, a cryptocurrency exchange, Lookonchain, citing Etherscan data, on July 11 shows. According to on-chain data, the stash is currently valued at over $3.76 million and has not transferred any funds to a cryptocurrency exchange for the first time. Vitalik Buterin Transfers The address has previously moved funds to Kraken, another cryptocurrency exchange. However, what’s evident is that the address, only identified as “0x9e92”, has been actively moving funds. Over the years, the address has received 22,300 ETH, approximately $41.6 million, from December 30, 2022, to May 18, 2023. Apart from today, the wallet only moved funds once 70 days ago when the whale transferred funds to Gemini. Whale and miner transfers to centralized cryptocurrency exchanges may be considered bearish. This is because users can readily convert crypto assets to fiat currencies like USD or stablecoins in these exchanges. As such, the more whales and miners transfer to centralized exchanges; the more retailers may choose to sell their coins, heaping more pressure on asset prices. Still, it has yet to be determined whether the address associated with Vitalik Buterin will sell. However, considering his past transfers, his deposit to OKX may not affect sentiment or adversely impact ETH prices. Ethereum Prices Choppy The recent deposit to OKX coincides with choppy price action across the cryptocurrency markets. Notably, major cryptocurrencies, including Bitcoin, have been under pressure, with bears forcing prices lower over the past few months. In recent months, the overall value of the cryptocurrency market has decreased since the previous period of growth. During that time, the price of Ethereum surged to over $4,800 before plummeting to current levels. When writing on July 11, Ethereum prices were choppy and moving horizontally below the $1,900 and $2,000 resistance levels. Although traders are bullish, their confidence has not translated to strength since ETH prices are moving inside a bull flag with support at around $1,800, evident in the daily chart. Meanwhile, decentralized finance (DeFi) and non-fungible token (NFT) activities remain suppressed, impacting ETH demand. In Ethereum, ETH, the native currency, is used to pay for gas fees and others. Gas fees rise during heightened activity, which may lift ETH prices. In early May 2023, the Ethereum Foundation sold 15,000 ETH on Kraken, a cryptocurrency exchange. Their move coincided with a notable contraction of Ethereum prices in the first half of May. Therefore, whether the address associated with a potential Vitalik Buterin deposit to OKX might catalyze bears is yet to be seen.

In a stunning development that has reverberated throughout the cryptocurrency community, a massive whale transaction involving $35 million worth of BNB deposits has sent shockwaves through the upcoming ARKM token sale on Binance. Unveiling the Whale’s Enormous BNB Deposit for ARKM Token Sale Lookonchain, an on-chain smart money analytical platform, has shed light on this extraordinary event, revealing that the whale strategically divided the deposits into four batches across different Binance deposit addresses. The timing and magnitude of this transaction have ignited speculations about the whale’s intentions and its potential impact on the ARKM token sale, heightening anticipation within the industry. Related Reading: Solana (SOL) Outperforms Top Coins With 14% Gains In Last Week Lookonchain’s report highlights the staggering scale of the whale’s deposit, amounting to a remarkable 141,835 BNB tokens valued at an astounding $35 million. As industry observers dissect the implications of this massive deposit, the crypto community eagerly awaits further developments surrounding the ARKM token sale. Strategic Maneuvering to Surpass ARKM Limit per User The timing and nature of the whale’s deposit suggest a calculated strategy to bypass the imposed ARKM limit per user. Lookonchain’s analysis posits that by utilizing multiple Binance accounts, the whale aims to acquire a larger allocation of ARKM tokens than the prescribed limit of 300,000 per participant. This crafty maneuver has sparked conversations about the potential impact on the token sale’s dynamics and has set the stage for an intriguing battle between the whale and the established rules of participation. In preparation for the highly anticipated ARKM token sale, Binance has unveiled a comprehensive four-step plan that ensures a fair and transparent process for all participants. The stages include a meticulous calculation of participants’ balances during the preparation period, followed by a subscription period where users commit their BNB tokens by signing a Token Purchase Agreement. Subsequently, the calculation period concludes the subscription phase and marks the initiation of token allocation calculations. Finally, the token sale culminates with the Final Token Distribution stage, where BNB tokens are deducted and users receive their ARKM and remaining BNB tokens. The implications of the whale’s actions on the allocation process and the overall dynamics of the sale remain uncertain. But with Binance’s carefully orchestrated four-step plan in place, the industry is bracing itself for a high-stakes showdown that could reshape the landscape of this eagerly anticipated token sale.

At the beginning of July, Binance announced its latest collaboration with soccer superstar Cristiano Ronaldo. The partnership will launch a new non-fungible token (NFT) collection called “Forever CR7: The GOAT,” featuring 20 unique designs spread across four levels of rarity. The collection will celebrate some of the most iconic moments from Ronaldo’s illustrious career, with each NFT representing a significant goal or milestone. Cristiano Ronaldo’s NFT Collection On Binance The “Forever CR7: The GOAT” collection is significant because it marks a major milestone in the convergence of sports and NFTs. The partnership between Binance and Ronaldo is expected to generate significant interest within the crypto and sports communities. Binance’s CEO, Changpeng Zhao, commented on the partnership, saying they are thrilled to partner with Ronaldo on this new NFT collection. Ronaldo is one of the greatest soccer players of all time and a global icon with an enormous fan base. They believe the Forever CR7 collection will be a huge success and milestone in the sports and NFT industries. The growing trend of athletes monetizing their brands through digital collectibles is evident in the NFT collections released by other sports stars. For example, American football quarterback Tom Brady partnered with NFT platform Autograph to release a collection of digital collectibles in 2021, while basketball player JaVale McGee released a collection of NFTs called “Mint Condition” through the NFT marketplace, OpenSea. Other sports stars who released NFTs include soccer players Gerard Pique, Mesut Ozil, and boxer Tyson Fury. But there is a possibility of another battle between two of soccer’s greatest players, often considered the GOATs in the sport, but this time off the pitch. Will Lionel Messi enter the NFT marketplace and release his collection in collaboration with a major exchange like Binance to compete with Cristiano Ronaldo? Messi Vs. Ronaldo, Is An NFTs Showdown On The Horizon? Lionel Messi has already made his mark in the NFT world by releasing his latest collection in collaboration with Ethernal Labs. The collection features five digital collectibles commemorating Messi’s international career, and they are available for purchase using Ethernity’s native crypto token, ERN. In a statement, Messi expressed his excitement about his latest NFT collection and his partnership with Ethernal Labs: There is a possibility that Messi may collaborate with a major exchange such as Binance or with a different company or project to expand his NFT venture further and compete with Ronaldo’s offerings. Such a collaboration would give Messi access to a broader market and allow him to reach a more extensive fan base. This prospect is even more interesting because Binance currently sponsors the Argentinian National soccer team. This link between the exchange and Messi’s home country could provide the perfect opportunity for the two parties to come together and create something extraordinary. Binance’s Argentinian National soccer team sponsorship could also provide a unique marketing opportunity for the exchange. By collaborating with Messi, Binance could tap into the massive fan base of the soccer star and reach a wider audience in Latin America and beyond. Messi’s popularity and success in the NFT space and Binance’s reputation and sponsorship of the Argentinian National soccer team make this collaboration a natural fit. The soccer star’s latest NFT collection with Ethernal Labs has already shown his potential to succeed in the NFT market, and a partnership with Binance or with a different project could take his NFT offerings to the next level. Featured image from Cristiano on Twitter, chart from TradingView.com

According to Poppe, LTC has to surpass the $98.50-$99.50 levels to go forward quickly. The halving will take effect on August 2nd, and miners will only be able to create 6.25 LTC. Michael van de Poppe, a well-known cryptocurrency trader, and analyst, recently tweeted a graphic predicting the future value of Litecoin. According to the expert, Litecoin (LTC) has a “nice sweep of the low” on the LTC chart. According to Poppe, LTC has to surpass the $98.50-$99.50 levels in order for things to go forward more quickly. The quantity of LTC created (and hence the value of miners’ incentives) will be halved in a predetermined event called a “halving” that occurs every four years. For this reason, it is referred to as “halving” or “halvening.” The change will take effect on August 2nd, and miners will only be able to create 6.25 LTC instead of the current 12.5 LTC. High Volatility Expected In April or May of 2024, Bitcoin, the most popular digital currency, will halve its mining reward. The deflationary and scarcity effects of halving might theoretically lead to a price increase for crypto. On May 10, 2021, the price of Litecoin hit $412.96, marking a new all-time high. As of writing, LTC is exchanging hands at $96.44, up 1.53 percent in the past 24 hours from its previous price on CoinMarketCap. This is 76.58% less than its all-time high. Santiment recently revealed that the number of LTC whale addresses has been growing in tandem with the approaching halving event. The number of LTC millionaire addresses has grown over the previous five months, with 32 new wallets containing 10,000 LTC or more appearing. Furthermore, IntoTheBlock reports that Litecoin holders have shown a lot of faith in LTC since almost 13% of all LTC in circulation have not changed hands in over five years. Highlighted Crypto News Today: Robert Kiyosaki Predicts Bitcoin To Reach $120,000 by 2024

Algofi has announced its decision to shut down due to various challenges in maintaining the protocol’s desired quality level. The platform, known for its lending, borrowing, and trading services, will soon transition into a withdrawal-only mode. Algofi was established during a bullish market period when the value of Algorand (ALGO) was trading at $1.85 Algofi, a decentralized finance protocol operating on the Algorand blockchain, has announced its decision to cease operations due to a combination of factors that have made it challenging to maintain the protocol at its desired level of quality. The platform, which facilitates lending, borrowing, and trading, will soon transition into a withdrawal-only mode, as stated in a blog post. Algofi expressed its unwavering belief in the strength of Algorand’s technology and innovative consensus algorithm. Algofi to shut down Algofi was established during the peak of the previous bullish market when the value of algorand (ALGO) was trading at $1.85. However, the subsequent prolonged decline in the cryptocurrency markets led to ALGO’s value plummeting to as low as $0.09 last month. This decline, coupled with the recent classification of algorand as a security by the U.S. Securities and Exchange Commission (SEC), has impeded the growth of decentralized finance projects on the previously highly anticipated blockchain. According to DefiLlama data, the total value locked (TVL) on Algorand currently amounts to $59 million, a significant decrease from the over $200 million recorded in February.

MetaMask developer ConsenSys plans to deploy its layer-2 network, Linea, on the main Ethereum network this week. Linea incorporates the use of zero-knowledge (ZK) cryptography, which is regarded as one of the most significant blockchain trends of the year. Zero-knowledge (ZK) cryptography, provides more cost-effective and expedited blockchain transactions. This layer-2 network aims to improve scalability and transaction processing on Ethereum, addressing network congestion and high gas fees. According to ConsenSys, the fee rates for transactions on Linea will be 15 times lower than those on Ethereum main network. The roll-up network implemented by Linea is commonly referred to as zkEVM, which stands for zero-knowledge Ethereum Virtual Machine. This roll-up network is designed to be fully compatible with the Ethereum Virtual Machine (EVM) programming environment. Roll-ups are also regarded as a crucial component of Ethereum’s development plan. Related Reading: Bulls Remain Resilient Despite Litecoin’s Fall Below $100, Key Levels To Watch Linea is being launched following a successful testnet phase, during which 5.5 million unique wallets performed over 46 million transactions in three months. According to ConsenSys, this achievement makes Linea one of the most active initiatives on Ethereum’s Goerli testnet. App developers can deploy their projects to Linea’s “alpha” network on Friday, and the general public will have access to it starting next week. Key Features Of Linea’s Alpha Mainnet Phase Linea has introduced several significant upgrades with the release of its alpha mainnet stage. This includes a new outer-proof system and a dynamic fee mechanism. Linea’s alpha mainnet stage includes a feature called batch conflation. This feature optimizes the number of layer-2 transactions and blocks that can fit into a layer-1 submitted batch. By doing so, Linea is able to reduce the fixed costs associated with layer 1 and provide a more cost-effective transaction experience. In addition to the lower transaction fees, the launch of Linea’s alpha mainnet stage is expected to reduce friction for developers and improve onboarding with fast finality, a capital-efficient bridge, and inherited Ethereum security. These upgrades will enable Linea to offer transaction costs that are substantially cheaper than Ethereum’s base layer. MetaMask To Include Linea Support As Well MetaMask, a wallet offered by Consensys, will also support Linea soon. It will allow users to access the network through MetaMask Portfolio and its Bridge, Swap, and Buy features. The integration is expected to be rolled out in the coming weeks and MetaMask users will be able to interact with Linea’s decentralized applications and protocols with ease. Related Reading: Dogecoin (DOGE) Price Downtrend Set To Persist – What To Expect ConsenSys has also announced the Linea Ecosystem Investment Alliance (EIA). The EIA aims to support developers and builders by providing funding and resources, in addition to the launch of Linea Mainnet Alpha.

TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to announce that all resolutions considered by the shareholders of Tokens.com Corp. at the Annual General and Special Meeting of Shareholders (the “Meeting”) held virtually by teleconference on July 11, 2023 were passed. Voting as to each of the director nominees were as follows: Nominee For % Withheld % Andrew Kiguel 24,121,083 99.67% 80,028 0.33% Andrew D’Souza 21,633,903 89.39% 2,567,208 10.61% Frederick T. Pye 21,586,260 89.20% 2,614,851 10.80% Emma Todd 21,633,653 89.39% 2,567,458 10.61% Jimmy Vaiopoulos 21,633,553 89.39% 2,567,558 10.61% Please see the report of voting results filed under Tokens.com Corp’s profile at www.sedar.com for the detailed results of all matters voted upon by shareholders at the Meeting. About Tokens.com Tokens.com Corp is a publicly traded company that invests in web3 assets and owns an inventory of digital assets. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) web3 gaming. The Company also owns a portfolio of web3 related domain names. Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Web3 gaming operations occur within a subsidiary called Hulk Labs. All three businesses are tied together by the utilization of blockchain technology and are linked to high-growth macro trends within web3. Through sharing resources and infrastructure across these business segments, Tokens.com is able to efficiently incubate these businesses from inception to revenue generation. Visit Tokens.com to learn more. Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube. Forward-Looking Statements This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Contacts Tokens.com Corp. Andrew Kiguel, CEO Telephone: +1-647-578-7490 Email: [email protected] Jennifer Karkula, Head of Communications Email: [email protected] Media Contact: Ali Clarke – Talk Shop Media Email: [email protected]

SINGAPORE–(BUSINESS WIRE)–In the midst of the bear market, KTX.Finance, a decentralized perpetuals exchange on BNB Chain, announces a $4 million USD seed round financing led by Hashed. Other participants in the round include: AlphaLab Capital, CRIT Ventures, 100&100 Ventures, Trinito Corporation / Morpheus, GSG Asset, KuCoin Ventures and Sky9 Capital. “Decentralised trading has grown increasingly popular since the collapse of their centralised counterparts. This was accelerated by the advent of multi-asset shared pool liquidity, which deepens trading liquidity for on-chain leveraged positions and brings capital efficiency for liquidity providers. KTX.Finance demonstrates these concepts as a fresh protocol on BNB Chain, executed by a seasoned team with >40 years of combined developer experience and operationally bootstrapped by ByteTrade Lab.” Edward Tan, Investments & Research at Hashed Hatched in the aftermath of FTX’s collapse in 2022, KTX.Finance went live in June 2023 on BNB Chain with the aim of bringing perpetuals trading to the masses. While several DEXs have emerged to address CEX risk, KTX.Finance’s competitive edge has been to maintain superior UIUX and speed, as well as lower fees. KTX.Finance is seeing early results, achieving $40 million USD in trading volume from more than 600 traders. Instead of trading against a market-maker, traders trade against the KLP pool, a multi-asset liquidity pool consisting of 50% stablecoins and 50% blue-chip crypto assets (such as BTC, ETH, BNB). By adopting such a model, traders can trade with full custody of their assets while enjoying the benefits of leverage, good user experience, and low fees. Additionally, liquidity providers on KTX.Finance can deposit any blue-chip asset into the KLP pool and receive up to 70% of the trading fees generated by the protocol. KTX.Finance is operated by Alphamesh and incubated by ByteTrade Lab, a Web 3.0 infrastructure and venture builder based in Singapore. “Blockchains, as open and transparent ledgers, excel in decentralizing the asset layer of the Internet. As part of this movement, KTX.Finance is leading the way in democratizing the perpetuals market. ByteTrade Lab has a shared vision with KTX.Finance of more accessibility and user empowerment, and we have high confidence in the project’s ability to bring DeFi to more users globally.” – Dr. Lucas Lu, CEO of ByteTrade Lab ByteTrade Lab, headquartered in Singapore, raised 50 million USD Series A financing in June 2022 from investors such as Susquehanna International Group (SIG) Asia Venture Capital Fund, INCE Capital, BAI Capital, Sky9 Capital, BlueRun, and PCG. They are committed to creating a decentralized Internet that gives individuals ownership and control over their financial and daily Internet data. ByteTrade Lab is actively incubating Terminus OS and a network of decentralized Edge Nodes, also known as privately-owned personal servers. Through these Edge Nodes, users can self-host and run open protocols and software, enabling them to leverage extensive computational and storage capabilities. This empowers users with increased access and control over their Internet data, ultimately establishing a user-centric decentralized Internet network that aligns with the full value proposition of Web 3.0. About KTX.Finance KTX.Finance is an on-chain decentralized derivatives trading protocol that utilizes a unique multi-asset liquidity pool. Traders are able to take on 50x leverage on their trades while LPs enjoy high capital efficiency. Please visit ktx.finance and follow us on Twitter at @KTX_finance. About ByteTrade Labs ByteTrade Lab is giving data ownership back to users and democratizing the marketplace of online information. We are helping to build a new internet that is self-hosted, user-controlled, and truly private. Our novel peer-to-peer operating system, Terminus OS, is built to run on top of a network of decentralized personal servers protected by personal private keys. The result is a decentralized cloud owned by users, where anyone can access the information they choose. ByteTrade is backed by Susquehanna International Group (SIG)’s Asia VC Fund, and leading institutional investors including INCE Capital, BAI Capital, Sky9 Capital, BlueRun and PCG. Please visit BytetradeLab.io and follow us on Twitter at @ByteTradeLab. Contacts Media: [email protected]

Smart contracts on Multichain are executed using a multiparty computation mechanism. Chainalysis speculated that the attacker may have compromised Multichain’s MPC keys. According to Chainalysis, a blockchain security and analytics company, the exploit of the cross-chain bridge technology Multichain that cost millions of dollars may have been an internal rug pull. The firm stated: Over $125 million has been lost as a direct consequence of the exploit. However, according to Chainalysis, the attack might have been the consequence of stolen administrator keys, suggesting it was an “inside job.” Internal Issues Smart contracts on Multichain are executed using a multiparty computation (MPC) mechanism, which the company likened to a multisignature wallet. Chainalysis speculated that the attacker may have compromised Multichain’s MPC keys in order to launch the vulnerability. According to Chainalysis, the most glaring manifestation of these internal problems was the disappearance of Multichain’s CEO, “Zhaojun,” in late May. Binance discontinued support for some of its bridging tokens on July 7 because of delayed transactions and other technical issues. Meanwhile, recently, numerous fictitious transactions involving Multichain tokens have been detected by blockchain detectives. One source of the irregular outflows was the Multichain executor address, which drained token addresses from many chains. On July 8, Circle and Tether, two stablecoin issuers, froze roughly $65 million in funds related to the Multichain attack. Knowledge graph protocol 0xScope reports that at least $63.2 million USDC was sent to three addresses before being frozen. According to another report by the Fantom Foundation, Etherscan froze over $2.5 million in Tether USDT from two addresses labeled “Multichain Suspicious Addresses.” Highlighted Crypto News Today: Robert Kiyosaki Predicts Bitcoin To Reach $120,000 by 2024

Data from Glassnode reveals that the structure of the current Bitcoin rally is looking similar to the genesis points of historical uptrends. Bitcoin Recovery Since November Lows Is Reminiscent Of Past Rallies In its latest weekly report, the on-chain analytics firm Glassnode has looked into how the current Bitcoin rally lines up against similar rallies that the cryptocurrency observed during the previous cycles. To make this comparison, the analytics firm has taken the data for the performance of the coin starting from the all-time high in each cycle. Here is a chart that shows how the past bear market rallies have looked like in terms of this metric: Note that only the upwards performance of Bitcoin is being considered here, and the drawdown has been excluded. From the chart, it’s visible that during all the cycles, gains after the ATH was set disappeared in time as the bear market went into full gear. Soon after the bear bottom formation took place, these cycles saw the asset experiencing a recovery rally. In the current cycle so far, it’s not completely certain yet if the November 2022 low seen after the FTX crash was indeed the cyclical bottom. However, if it’s assumed that this low was indeed the bottom, then the rally that has been going on in the past few months would take the role of the recovery rally in the current cycle. Interestingly, so far, the cryptocurrency has seen an uplift of 91% since the aforementioned bottom, which is very similar in scale to the recovery rallies of the past cycles. “With the exception of 2019, all prior cycles which experienced a similar magnitude move off the bottom, were in fact the genesis point of a new cyclical uptrend,” explains Glassnode. The reason 2019 was different is that the April 2019 rally (which may have normally acted as the recovery rally from the bear market bottom) ran out of steam before long and the price subsequently declined. The drawdown was then extended in March 2020 as the crash due to the emergence of COVID-19 took place. It’s the recovery rally from this crash that ended up leading to the 2021 bull market. Naturally, if the pattern of the first two Bitcoin cycles is anything to go by, the current recovery rally structure may mean that the asset is now on its way toward a cyclical uptrend. The analytics firm has also looked at the rally from another angle: this time in terms of the drawdown (that is, the negative performance). As displayed in the graph, the Bitcoin rally has seen a peak drawdown of just 18% so far, which is clearly much less than what the previous bull markets saw. “This perhaps suggests a relatively strong degree of demand underlies the asset,” suggests Glassnode. BTC Price At the time of writing, Bitcoin is trading around $30,400, down 2% in the last week.

The Bitcoin and crypto prices are influenced by a complex web of factors and intertwined indicators. One such influential force is the U.S. Dollar Index (DXY), which has gained prominence as a vital gauge for Bitcoin and crypto investors. Over the past three years, BTC and the DXY have been mostly inversely correlated, except in times where crypto-specific factors overshadowed the dollar trends. Whenever the DXY experiences a decline, Bitcoin tends to embark on an impressive rally. Conversely, BTC usually falls when the DXY rises. DXY Approaches Crucial Level Since the local high of 104.7 on May 31, the DXY has dropped by nearly 3%. At the time of writing, the DXY stood at 101.8 and is now approaching the yearly low at 100.8 again, which served as support in February and April respectively and initiated a bounce to the upside. As the renowned trader Gert van Lagen noted via Twitter, the situation for the U.S. dollar index is quite precarious. Van Lagen’s assessment, based on a detailed analysis of the DXY weekly chart, suggests that the US dollar is poised to continue its slide. Lower lows, lower highs, and the failure to break the blue downtrend for several months all contribute to the bearish sentiment. In addition, the DXY has abandoned the green uptrend and is displaying a bearish confirmation of 3 consecutive weeks. According to van Lagen, a crash of the DXY below 89 could be imminent. Will The Bitcoin Price Surge Sixfold? Renowned crypto analyst “Coosh” Alemzadeh also recently took to Twitter to share an intriguing observation about the correlation between the DXY and Bitcoin’s price movements. Alemzadeh’s chart below highlights that during previous instances when the DXY slipped below the critical level of 100, Bitcoin experienced a remarkable surge. In 2017, Bitcoin witnessed a 10x rally, and in 2020, BTC soared by 7x. Alemzadeh predicts that if history repeats itself and the DXY drops to 89 as it did in the past, Bitcoin could potentially see a substantial price increase of 4x to 6x. The entire crypto market is likely to profit. Alemzadeh shared the chart below and stated: Remarkably, Jan Happel and Yann Allemann, the founders of Glassnode, have been sharing the same opinion for quite some time. Already at the end of May, the analysts suggested an ABC structure, which has been the main source of headwinds for BTC and other risk assets. Their prediction was that once the DXY topps out, it will decline sharply, towards the 91-93 until the end of the year. “The decline should unfold in 5 waves likely into late 2023. This move should be very supportive of risk assets and particularly Bitcoin,” say the analysts who also predict the possibility of a blow-off top for risk assets. At press time, the Bitcoin price remained in its sideways trend, trading at $30,421.

Unchained Signature is distinct in offering high-touch client management and support without the degree of third-party risk associated with exchanges and custodians AUSTIN, Texas–(BUSINESS WIRE)–Unchained, the leader in financial services for bitcoin holders, today announced the launch of Unchained Signature, a membership-based service that helps high-net-worth individuals, institutions, and corporations invest in and manage their bitcoin. Unchained Signature offers clients high-touch support akin to what they might expect from premium banking services in traditional finance, with the critical distinction of collaborative custody, also known as multi-signature custody. Unchained’s collaborative custody model enables investors to maintain sovereignty over their bitcoin—making their funds invulnerable to exchange hacks and collapses—without the risks of self-custody, such as loss of private keys. The fact that clients hold their own bitcoin keys, even when they get a loan with their bitcoin used as collateral, is an assurance that Unchained is not able to singularly move or rehypothecate client funds, as many now-defunct crypto firms did prior to their collapse. Underpinned by collaborative custody, Unchained Signature gives members dedicated account management for bitcoin financial services—including private trade execution, multi-million dollar loans, and retirement and estate planning—plus technical support, including advisors who will travel on demand to deliver in-person emergency assistance. Further, Unchained Signature provides benefits like early access to new products and exclusive networking events with internationally renowned economists and other industry titans. “Unchained Signature is a solution we’ve tailored for the needs of large-scale investors,” said Joe Kelly, co-founder and CEO of Unchained. “As the best performing asset of the last decade, bitcoin continues to draw in new high-net-worth individuals and institutions, many of whom have previously shied away from crypto due to technical barriers and third-party risks. Unchained Signature exists to help these investors buy, secure, and grow their bitcoin with as much technical and logistical assistance as they need — all without compromising security.” With over $2 billion in bitcoin secured and over $500 million originated in bitcoin-collateralized loans, Unchained has established itself as the number one bitcoin loan provider in the USA and a leader in bitcoin financial services. Unchained Signature is the latest iteration in the company’s commitment to helping investors manage and grow their bitcoin with a suite of products and services that resemble the sophistication of traditional finance but maintain the decentralization-focused ethos of bitcoin. The launch of Unchained Signature comes on the heels of the firm’s $60 million Series B funding round led by Valor Equity Partners. The initial close, completed on April 11, included participation from existing investors NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners. About Unchained Founded in 2016, Unchained is a top 10 bitcoin platform by assets secured and has helped thousands of individuals and businesses truly own their wealth by holding bitcoin keys. Unchained’s collaborative custody model allows clients to access financial services while continuing to have the benefits of self-custody, the ultimate consumer protection in these uncertain times. For more information on Unchained, please visit unchained.com. Contacts Larissa Bundziak Unchained (914) 552-7427 [email protected] Unchained.com twitter.com/unchainedcom

From its peak, the price of the BAYC floor has dropped by 90%. It would be releasing an IP verification tool dubbed “Made by Apes” at the end of the month. In conjunction with SaaSy Labs, Bored Ape Yacht Club (BAYC) is announcing the release of “Made by Apes,” an on-chain IP verification tool. The purpose of the application is to provide an easy process by which BAYC members may validate their works and produce a comprehensive catalog. From its peak, the price of the BAYC floor has dropped by 90%. The company behind the immensely popular NFT collection Bored Ape Yacht Club has announced that they would be releasing an IP verification tool dubbed “Made by Apes” at the end of the month. On-chain Solution To produce an official directory for BAYC creations, the application was built in collaboration with SaaSy Labs to meet the need for an on-chain solution to authenticate products generated by club members using their IP. Yuga Labs co-founder and Twitter user Greg Solano recently posted on the need for an on-chain verification method, noting that club members have been making products using their IP, but there hasn’t been a quick and formal means to authenticate these assets until now. Working with SaaSy Labs offers a promising chance to address this gap and provide a straightforward service. Will Clemente pointed out that the BAYC NFT floor price is presently at $64,225, down by more than 90% from its peak of $600,000 in 2021. The Bored Ape Yacht Club and the NFT community at large have both expressed excitement for the forthcoming launch. Holders taking control of the BAYC brand, “Made by Apes” may be the first step towards a decentralized autonomous organization (DAO). Highlighted Crypto News Today: Is 2023 Turning the Year of Shiba Inu (SHIB)?

These estimates are in line with those made by Standard Chartered Bank. All eyes are now on the upcoming CPI and PPI reports this week. Robert Kiyosaki, author of the best-selling financial book “Rich Dad Poor Dad,” claims that Bitcoin will soon be worth $120,000. These estimates are in line with those made by Standard Chartered Bank, which predicts that Bitcoin will reach $50,000 this year and $120,000 by the end of 2024. Meanwhile, the BRICS countries are looking at launching a gold-backed cryptocurrency as an alternative to the U.S. dollar, with Russia at the helm of this initiative. On Twitter, Robert Kiyosaki recently shared his optimistic outlook on Bitcoin. Kiyosaki claims that Bitcoin’s value would increase to $120,000 in the next year. The author stated: Imminent Economic Disaster In an effort to challenge the U.S. dollar’s worldwide dominance and investigate alternative financial systems, the BRICS (Brazil, Russia, India, China, and South Africa) countries are actively considering the development of a gold-backed cryptocurrency. Discussions to develop a new trade currency backed by gold were disclosed by the Russian Embassy in Kenya. Robert Kiyosaki’s predictions of an imminent economic disaster, which he said can be protected against using precious metals and digital currencies, have not wavered. The price of bitcoin has risen by 0.90% in the last day, to $30,598, at the time of writing. Despite this volatility, BTC has stayed within a rather limited range. All eyes are now on the upcoming CPI and PPI reports this week. Highlighted Crypto News Today: Is 2023 Turning the Year of Shiba Inu (SHIB)?