Wall Street Memes has raised $13M in presales, showcasing strong community support. The creators of WSM are known for their successful Wall St Bulls NFT collection. The meme coins season continues to dominate the cryptocurrency market, with new meme coins every month. The new cryptocurrency called “Wall Street Memes (WSM)” emerged as a recent standout player in the crypto community. In just a month, the community-focused meme coin has raised an impressive $13 million in presale, solidifying its strong community backing and grabbing the attention of major crypto exchanges. Following the PEPE coin frenzy, which attracted crypto investors with a significant return, the journey of Wall Street Memes began. The meme coin secured about $300,000 on its first day of sales. Over the following month, this figure skyrocketed to an astonishing $13.1 million, indicating a remarkable level of investor trust and enthusiasm for the project. Wall Street Memes Current Status (Source: wallstmemes) Wall Street Memes (WSM) Emergence WSM’s creators, renowned for the successful Wall St Bulls NFT collection that sold out within 30 minutes of its launch, responded to market demand by launching this new meme coin. However, Wall Street Memes draws inspiration from the GameStop saga. Also, it aims to challenge traditional financial structures through the power of memes. Further, Wall Street Memes is an ERC-20 token with a maximum supply of 2 billion. To kick off, the project has allocated 50% of its token supply for a presale event. This distribution strategy has garnered significant interest. As it provides early supporters with an opportunity to acquire WSM tokens before they become publicly available. Additionally, 30% of the token supply has been reserved for community rewards, further incentivizing participation and fostering community engagement. The WSM token’s current price is $0.031 per token. Moreover, the rapid growth of Wall Street Memes has positioned them as a promising prospect for major crypto exchanges, including industry giants like Binance. With meme coins like Pepe and Shiba Inu showcasing significant price growth in recent months,WSM’s explosive entry into the market demonstrates the ongoing popularity of meme-based cryptocurrency (PEPE 2.0 and SHIB 2.0).

Cardano’s price is struggling below the $0.30 zone. ADA could start a sharp decline if it breaks the $0.2765 support zone in the near term. ADA price is moving lower below the $0.292 support against the US dollar. The price is trading below $0.290 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.2815 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could decline heavily if the bulls fail to protect the $0.2765 support zone. Cardano’s ADA Price Faces Uphill Task This past week, Cardano’s price attempted a fresh increase above the $0.285 zone. The price climbed above the $0.295 resistance zone but the bears were active near the $0.30 zone. A high was formed near $0.3015 before there was a fresh decline. The price declined below the $0.285 level and tested the $0.2765 support. It is now consolidating losses below $0.292, similar to Bitcoin and Ethereum. There was a minor recovery wave above the 50% Fib retracement level of the downward move from the $0.3013 swing high to the $0.2754 low. However, the bears were active above the $0.290 level. ADA is now trading below $0.290 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.2815 on the 4-hour chart of the ADA/USD pair. On the upside, immediate resistance is near the $0.288 zone and the 100 simple moving average (4 hours). Source: ADAUSD on TradingView.com The first major resistance is forming near the $0.292 zone or the 61.8% Fib retracement level of the downward move from the $0.3013 swing high to the $0.2754 low. The next key resistance might be $0.30. If there is a close above the $0.30 resistance, the price could start a decent increase. In the stated case, the price could rise toward the $0.320 resistance zone. More Losses in ADA? If Cardano’s price fails to climb above the $0.292 resistance level, it could continue to move down. Immediate support on the downside is near the $0.2815 level and the trend line. The next major support is near the $0.2765 level. A downside break below the $0.2765 level could open the doors for a sharp fresh decline toward $0.255. The next major support is near the $0.232 level. Technical Indicators 4 hours MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.2815, $0.2765, and $0.255. Major Resistance Levels – $0.288, $0.292, and $0.300.

Litecoin (LTC) has recently faced a significant decline in its price, with bears gaining momentum as it slumps below the crucial $100 mark. LTC, often referred to as the “silver to Bitcoin’s gold,” has been a favorite among investors seeking an alternative to the pioneer cryptocurrency. The bearish momentum behind Litecoin’s decline raises questions about the factors driving this price slump and the potential implications for the broader cryptocurrency market. Will Litecoin be able to regain its strength and recover from this setback, or is there more downside ahead? Bears Pull LTC Price Down Litecoin is currently experiencing a downturn in its price, with CoinGecko reporting it at $93.52. This marks a significant decline of 4.5% within the last 24 hours and a substantial seven-day slump of 17.2%. As the price slips below the crucial $100 mark, traders and investors are closely monitoring the situation and assessing the potential factors that could influence LTC’s rebound. The recent dip below $100 has sparked concerns among market participants, indicating that sellers might be gaining the upper hand. Traders and investors are now paying close attention to the $90-$92 price range as a critical zone that could determine the outcome of the ongoing battle between the bulls and the bears. According to an LTC price report, if the price manages to hold above this level and the bulls can regain control, it could indicate a potential recovery for LTC. However, a breach of this support zone may further fuel the bearish sentiment and lead to additional downward pressure on Litecoin’s price. Insights And Technical Factors To Consider To anticipate how Litecoin will rebound from this slump, traders and investors should closely examine various insights and technical factors. Factors such as trading volume, price patterns, and support/resistance levels should be considered to gauge the strength of a potential rebound. Apart from technical considerations, market sentiment and external factors also play a crucial role in Litecoin’s price movement. As the broader cryptocurrency market often influences individual assets, monitoring industry-wide trends becomes vital. Traders and investors should keep a close eye on Bitcoin, the leading cryptocurrency, as Litecoin has often displayed a strong correlation with its price movements. If Bitcoin experiences a significant recovery, it could potentially boost sentiment across the cryptocurrency market and provide support for Litecoin’s rebound. Any positive developments in terms of regulatory clarity or major adoption announcements may also generate renewed interest in Litecoin and drive its price higher. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Pexels

In the rapidly evolving world of cryptocurrencies, centralized services and stringent regulations frequently overshadow the original vision of decentralization. Despite this, Blockonomics stands out as one of the few payment gateways that adheres to the decentralized ethos of cryptocurrencies. What is the issue? Bitcoin (BTC), the first cryptocurrency, was created to allow for decentralized Peer-to-Peer (P2P) transactions without the use of intermediaries. However, as Bitcoin’s adoption grew, the majority of payment gateways began to lean toward centralization. These gateways implemented stringent identity checks and closely monitored funds, jeopardizing the privacy and control that cryptocurrencies were designed to provide. The growing regulatory landscape, as well as the need to comply with stringent Know Your Customer (KYC) requirements, have all contributed to this trend of centralization. Blockonomics provides a refreshing alternative to traditional centralized payment gateways by empowering global merchants and giving them complete control over their funds. The platform provides a secure and private payment solution for the growing number of businesses embracing cryptocurrencies by allowing merchants to retain complete control over their funds and eliminating the need for third parties. Why Blockonomics? Blockonomics, in stark contrast to the current trend of centralization, emerges as a beacon of decentralized finance for global merchants. Unsurprisingly, it offers a distinct set of features that set it apart from other payment gateways by restoring control to users. Firstly, Blockonomics facilitates direct-to-wallet payments, as opposed to traditional gateways that hold funds on behalf of users. Payments are deposited directly into the merchant’s wallet, giving them complete control over their funds. Furthermore, this approach eliminates the need for KYC documentation, protecting both merchants and customers’ privacy. In this way, merchants can benefit from accepting Bitcoin payments without jeopardizing their privacy or burdening their customers with lengthy identity verification procedures. Blockonomics also integrates seamlessly with a variety of e-commerce platforms, making it simple for merchants to begin accepting Bitcoin payments. Merchants can start using the service in under five minutes thanks to a simple setup process. Secondly, Blockonomics charges low transaction fees, allowing merchants to maximize their profits from Bitcoin payments. Blockonomics improves the financial viability of accepting cryptocurrencies by lowering the costs associated with payment processing. Moreover, recognizing the importance of dependable customer support, Blockonomics offers merchants round-the-clock assistance. Whether it’s a technical question or a payment-related issue, merchants can rely on Blockonomics to respond quickly. Next, Blockonomics provides dedicated plugins for most content management systems (CMS), including WordPress, OpenCart, PrestaShop and Shopify. These plugins simplify the integration process and ensure that merchants and their customers have a pleasant payment experience. Tracking, accepting, and invoicing BTC payments with Blockonomics Blockonomics goes beyond being a conventional payment gateway by providing additional tools to merchants to improve their crypto experience. For starters, merchants can easily track multiple wallets and addresses using Blockonomics’ wallet watcher feature. This feature gives merchants real-time visibility into transactions and allows them to receive email notifications whenever payments are made. In addition, merchants can seamlessly generate invoices in fiat currency and receive payments in Bitcoin using Blockonomics’ invoicing tool. This tool ensures that merchants are paid the correct amount based on the current Bitcoin price, simplifying the invoicing process and mitigating the risks of price volatility. So, what’s the verdict? In an era dominated by centralized payment gateways, Blockonomics takes a firm stance in support of cryptocurrencies‘ original vision, namely decentralization. Whereas most Bitcoin payment gateways have fallen victim to centralization and increased regulatory scrutiny, Blockonomics remains committed to providing the benefits of decentralized finance to global merchants. Blockonomics also has over 40,000 users worldwide and has established itself as a trustworthy, safe, and dependable partner for merchants looking to accept Bitcoin payments in their e-commerce stores. Each online sale is also deposited directly into the respective merchant’s wallet, once again removing the need for any intermediaries. Ultimately, Blockonomics successfully distinguishes itself among payment gateways by providing global merchants with decentralized finance capabilities. It provides a secure, private, and efficient solution for merchants to track, accept, and invoice Bitcoin payments through its user-friendly integration, low fees, 24/7 support, dedicated CMS plugins, direct-to-wallet payments, and no KYC requirements. By adhering to true decentralization principles, Blockonomics acts as a catalyst for the widespread adoption of cryptocurrencies, allowing merchants to reap the benefits of everything DeFi has to offer.Check out the official website as well as the Twitter, YouTube, and TikTok channels for more information and regular updates.

Bitcoin price is moving lower below the $30,500 pivot level. BTC could decline heavily if there is a close below the $29,800 support zone in the near term. Bitcoin is moving lower below the $30,500 support zone. The price is trading below $30,500 and the 100 hourly Simple moving average. There was a break below a contracting triangle with support near $30,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline if it stays below $31,200 for a long time. Bitcoin Price Shows Bearish Signs Bitcoin price moved into the red zone after it broke the $30,500 support zone. BTC traded below the $30,000 level but the downsides were limited. The price seems to be trading in a range above the $29,850 support zone. There was a move above the 23.6% Fib retracement level of the downward move from the $31,630 swing high to the $29,868 low. The price even attempted a fresh increase above the $30,500 resistance but failed. Bitcoin is now trading below $30,500 and the 100 hourly Simple moving average. There was also a break below a contracting triangle with support near $30,200 on the hourly chart of the BTC/USD pair. If there is another increase, the price might face resistance near the $30,300 level and the 100 hourly Simple moving average. The next resistance is near the $30,500 zone, above which the price might retest $30,750. It is close to the 50% Fib retracement level of the downward move from the $31,630 swing high to the $29,868 low. Source: BTCUSD on TradingView.com If the bulls push the price above the $30,750 level, there could be a drift toward $31,000. The next major resistance is near the $31,400 level. Any more gains could open the doors for a move toward the $32,000 resistance zone. More Losses in BTC? If Bitcoin’s price fails to clear the $30,300 resistance, it could continue to move down. Immediate support on the downside is near the $30,000 level. The next major support is near the $29,850 level, below which there could be a drop toward $29,400. Any more losses might send the price toward the $28,800 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $29,850, followed by $29,400. Major Resistance Levels – $30,300, $30,500, and $30,750.

Ethereum price extended its decline below $1,880 against the US Dollar. ETH is showing bearish signs and might decline further toward $1,800. Ethereum is currently attempting a recovery wave from the $1,825 zone. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a fresh increase but upsides might be capped near $1,900. Ethereum Price Faces Resistance Ethereum’s price failed to continue higher above the $1,925 resistance and started a fresh decline. ETH declined below the $1,900 and $1,880 levels to move into a short-term bearish zone, similar to Bitcoin. The price even tested the $1,825 support. A low is formed near $1,825 and the price is now attempting a recovery wave. There was a break above the 23.6% Fib retracement level of the downward move from the $1,956 swing high to the $1,825 low. Ether price is still trading below $1,880 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance near $1,905 on the hourly chart of ETH/USD. Immediate resistance is near the $1,880 level or the 100-hourly Simple Moving Average. The first major resistance is near the $1,890 zone. The next major resistance is near the $1,900 level and the trend line. It is close to the 61.8% Fib retracement level of the downward move from the $1,956 swing high to the $1,825 low. Source: ETHUSD on TradingView.com A clear move above the $1,905 resistance could start a decent increase toward $1,955. The next major resistance is near the $1,975 level. Any more gains could send Ether toward the $2,050 resistance. More Losses in ETH? If Ethereum fails to clear the $1,890 resistance or $1,900, it could continue to move down. Initial support on the downside is near the $1,840 level. The first major support is near the $1,825 level, below which there is a risk of a larger decline. The next major support is near the $1,770 level. Any more losses could send Ether toward the $1,720 support level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,825 Major Resistance Level – $1,890

Reputable cryptocurrency company Coinbase, headquartered in the United States, has recently experienced significant stock sales by its top executives. This development occurs against the backdrop of the company’s ongoing struggles, such as regulatory scrutiny and a stagnant trading volume on the cryptocurrency market, which have hampered its growth prospects. Detailed information concerning the stock sales made by the exchange executives has been disclosed through filings submitted to the U.S. Securities and Exchange Commission. The most recent Form 4 filing submitted to the SEC shows the stock sales executed by key individuals at Coinbase, namely Chief Legal Officer Paul Grewal, and CEO Brian Armstrong. Stock Sales By Coinbase Executives According to Coinbase’s SEC filings, in March, Armstrong and Grewal sold approximately $7 million worth of Coinbase (COIN) stocks. More recently, Armstrong sold shares exceeding $5.8 million in value this week, followed by an additional sale of shares worth $2.6 million on May 25. It is worth noting that Armstrong has not made any purchases of COIN shares in the past two years and has been selling more frequently in 2023. He previously disclosed his intention to gradually sell his 2% stake in Coinbase over the next year, with the proceeds being directed towards funding advancements in science and technology within his co-founded companies, including NewLimit (a biotechnology company) and ResearchHub (a scientific research firm). COIN Performance Amidst Challenges Coinbase token, COIN has witnessed a significant surge in its stock price, with gains of over 125% so far this year. Currently priced at $78.72, Coinbase Global Inc’s stock market cap is $18.46 billion with $13.20 million trading volume. This upward trend reflects positive investor sentiment towards the company. However, this upbeat trajectory has been affected by various factors, including ongoing regulatory scrutiny from U.S. authorities and a lawsuit filed by the SEC against the exchange. The SEC alleges that Coinbase offered unregistered securities, which poses a potential threat to the core trading business of the company. Amidst these challenges, the stock price of COIN experienced a 12% increase when BlackRock updated its Bitcoin ETF through Nasdaq, with Coinbase listed as a partner under a surveillance sharing arrangement. Meanwhile, the future of Coinbase Global’s stock performance remains uncertain, with investors and industry observers closely monitoring these developments as they unfold, shaping the company’s trajectory in the coming months.

Solana (SOL) has witnessed a remarkable recovery in the past week, showcasing a string of steady gains. Presently, SOL has increased by 10% and is actively traded at $21.80, reflecting a slight uptick in the crypto’s price. While it’s important to note that SOL remains significantly distant from its all-time high of $260, the recent upward motion has lifted its value beyond the $20 mark, indicating promising signs of an extended bullish sentiment What’s Behind SOL Rise? There are several factors right now that could have influenced the rise in SOL’s price. These include macroeconomic factors such as inflation and crypto regulation in different areas. In addition, Solana has experienced some success in adoption with some ecosystems adopting the token and launching cross-chain bridges. Related Reading: XRP Next Step: Here’s Why An Upward Move Could Be Likely However, the most likely factor is the increase in DEX volume recorded this week. Blockchain analysis platform DefiLlama revealed in a report earlier in the week that Solana had experienced a spike in DEX volume. According to the report, SOL’s DEX volume surged by over 80% and is ranked fifth within the crypto market. This development is likely to have boosted its price action in the past week. Nonetheless, the Total Value Locked (TVL) has not reacted to this uptrend and has been stagnant since its decline last November following the FTX collapse. Currently, the TVL sits at around $275 million with no noticeable increase in value despite the gains of SOL in recent days. Solana (SOL) Price Outlook And Prediction SOL is currently trending upward and has continued its positive price action towards the weekend. However, the intermittent red candles on its weekly chart show that the bears are active this week. Looking at the technical indicators, its relative strength index is at 50 in the neutral zone between the oversold region of 35 and the overbought region of 75. The Moving Average Convergence/Divergence (MACD) is currently in the buy zone which is a bullish signal. In addition, the histogram bars are green and signal that a bullish trend is ahead and if the bulls persist, SOL is likely to have a sustained uptrend in the coming days. SOL is trading at $21.83 after it found critical support at the $15.43 price level weeks ago. This puts the altcoin close to the $22.50 resistance level. Related Reading: PEPE Bulls Losing Steam? Fatigue Appears To Undermine Price Rally A break above the $22.50 resistance level will help to boost its price to reclaim the $25 psychological resistance level. If this happens, SOL will likely rally to the $23.00 resistance level after breaking above $22. However, a price decline below $20 in the short term remains possible due to external market conditions that are bearish. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured Image from iStock, chart from TradingView

As the crypto market wriggles through increased volatility, Shiba Inu (SHIB) rallies toward the $0.001 mark. Furthermore, Compound (COMP) has experienced notable growth, with its price surging in double digits. However, VC Spectra (SPCT) offers a unique proposition, driving innovation in Fintech and blockchain. VC Spectra (SPCT) has successfully generated $2.4 million in funding through its recent seed sale, highlighting its strong potential. Let’s delve deeper into these developments >>BUY SPCT NOW<< Shiba Inu (SHIB) Makes Strides Towards The $0.001 Target In the past week, the bulls have dominated the market, pushing Shiba Inu’s (SHIB) price to $0.000007457. Experts say Shiba Inu’s (SHIB) upward momentum can be attributed to its high TVL and recent Shiba Inu upgrades. Shiba Inu’s (SHIB) layer-2 scaling solution testnet, Shibarium, has seen a flurry of activity, as investors are confident about Shiba Inu’s (SHIB) scalability and advanced security protocols. So, it’s no surprise Shiba Inu (SHIB) recently witnessed a staggering 357% surge in new addresses, surpassing the 4,000 mark within a single day. As Shiba Inu (SHIB) enhances its network capabilities, analysts say Shiba Inu (SHIB) can soar to $0.001 by the end of 2023. Compound’s (COMP) Bullish Surge Ignites Investor Excitement Recent data indicates Compound (COMP) is changing hands at $57.43, marking a 44.32% jump in Compound’s (COMP) price within the past week. According to analysts, massive whale activity and the potential interest of institutional investors in Compound (COMP) serve as significant driving forces behind the Compound’s (COMP) positive price dynamics. Furthermore, Compound’s (COMP) founder recently unveiled Superstate funds, an initiative that will bridge the gap between traditional markets and blockchain systems. Through Superstate, Compound (COMP) can attract more institutional investors, increase liquidity, and enhance the stability of DeFi protocols. So, experts suggest Compound (COMP) can experience an upward momentum in the coming weeks, with COMP rising to $68.05. VC Spectra’s Unparalleled Value Proposition Drives Bullish Trend VC Spectra (SPCT) is reshaping the crypto industry with its distinctive value proposition and tremendous growth potential. As a decentralized hedge fund, VC Spectra (SPCT) leverages state-of-the-art technology to empower financial growth. So, what’s in it for investors? VC Spectra (SPCT) rewards investors with quarterly dividends and buybacks based on their investment profits. VC Spectra (SPCT) users also secure exclusive access to promising blockchain ventures, pre-ICOs, and diversified portfolios. In addition, VC Spectra’s native token, SPCT, is a versatile decentralized trading, exchange, and asset management tool. The token adheres to the BRC-20 standard, guaranteeing network security. With its deflationary design, SPCT employs a burn mechanism that steadily reduces token supply, amplifying VC Spectra’s (SPCT) value. As a frontrunner in blockchain innovation, VC Spectra (SPCT) utilizes algorithmic and systematic trading tactics to optimize returns and mitigate risks. Powered by artificial intelligence (AI), VC Spectra (SPCT) employs extensive market analysis and advanced qualitative models to execute profitable trades. With its thriving public presale, VC Spectra (SPCT) has captured the interest of shrewd investors, valuing the token at $0.008. Market projections indicate a tenfold increase in value once VC Spectra (SPCT) goes live, elevating the token’s price to $0.08. So, what are you waiting for? Be a part of this thriving community, and optimize your returns while redefining blockchain technology. Learn more about the VC Spectra presale here: Presale: https://invest.vcspectra.io/login Website: https://vcspectra.io Telegram: https://t.me/VCSpectra Twitter: https://twitter.com/spectravcfund 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.

BONE, the governance token of Shiba Inu, has experienced a significant uptick in the past week with its price surging by double digits during this period. At the time of writing, BONE has seen an increase of 0.5% in the past 24 hours reaching $1.20. Additionally, the token has witnessed a weekly rise of more than 40% making it the best performer among the top 100 tokens. This spike holds major significance as BONE has managed to be bullish despite the recent market sell-off, which has left the crypto market in a bearish state. The recent growth of BONE could be attributed to the statement of Shitoshi Kusama, the lead developer of Shiba Inu. Kusama Provides Tentative Date For Shibarium Launch Kusama had earlier in the week disclosed a potential date for the launch of Shibarium, the highly anticipated Layer-2 blockchain that would power the Shiba Inu ecosystem. According to a blog post on July 6, Kusama stated that the mainnet launch of Shibarium could be discussed and unveiled at the Blockchain Futurists Conference scheduled to take place in Toronto in August. Related Reading: Stellar (XLM) Sheds 13% As Bearish Sentiment Takes Over Kusama further defined the role of the multiple token systems that would be supported by Shibarium. According to him, the Shiba Inu ecosystem would be divided into four sections with each section utilizing a unique token. SHIB would be used to govern the community, while BONE governs and support community technology (such as Shibarium gas fees), LEASH would cater to community security and provides exclusivity, and TREAT moderates and enhances community projects. Following this disclosure, the price of BONE experienced a major uptrend due to the positive sentiments from the community. BONE’s unique role in relation to Shibarium gas fees makes it a vital token within the Shiba Inu ecosystem. Related Reading: PEPE Bulls Losing Steam? Fatigue Appears To Undermine Price Rally Shibarium is also seen as a significant development and has attracted the attention of many within the crypto community. Since its launch on March 11, PuppyNet, the testnet for Shibarium has displayed remarkable activities. The testnet has witnessed more than 27.5 million transactions from over $17 million wallets. This high level of activity on the Shibarium testnet is a major indicator of the potential of the network and BONE is central to this. BONE Price Prediction BONE has experienced a consistent upward trend since June 11, after it bottomed at $0.665. Since then, its price has increased by 100% in today’s trading reaching a high of $1.35. This positive trend is likely to continue in the coming weeks with more developments expected to be deployed on Shibarium. This will invariably trickle down to BONE providing more thrust for the memecoin to break new resistance limits. At the moment the current resistance mark is $1.5 and if there’s a major correction, the next support levels are $1.30 and $1.25, respectively. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured Image from unSplash, chart from TradingView and Coingecko

The new offering is expected to provide a near-instant settlement on Cardano L2. Testing of the protocol for Android was performed in May as per the latest update. There will soon be a new decentralized payment system, powered by Cardano’s layer-2 solution Hydra Head and compatible with the Web3.0 wallets on the network, according to a recent update released on Twitter by the renowned ADA Whale. The ADA Whale update states that the service to settle future payments is named Hydra Pay, and it is expected to provide a near-instant settlement on Cardano L2. Ideal Choice for Micropayments Moreover, independent developers are working on the Hydra Pay service, with the most recent update revealing that testing of the protocol for Android was performed in May. The underlying protocols of the Hydra Pay service, Cardano and Hydra, are said to have several advantages. Furthermore, Cardano, being one of the most flexible layer-1 blockchain protocols, offers high levels of security in all areas. Cardano is in direct rivalry with its rivals in the market. Because of the Hydra head protocol that was created on top of the Cardano protocol in order to increase the network’s scalability. Hydra’s functionalities make the Hydra Pay service an ideal choice for direct application in micropayments. With the potential for congestion reduced to almost nothing. Hydra Pay has the potential to become the Visa payment service of the Web3.0 world. The exact date of the Hydra Pay service’s release is still uncertain. But when it does arrive, it will be one of the most recognizable new offerings from the Cardano protocol. On the other side, data from DeFiLlama shows that Cardano’s TVL (total value of assets locked) has increased to 578 million ADA, a new record high. Also, more than 1000 Plutus V1 smart contracts have been recorded by Cardano in 2023. A further indicator of the heightened activity on the blockchain network. Highlighted Crypto News Today: Shiba Inu Transaction Volume Sky Rockets Indicating Whales Dominance

SEC stated Coinbase knew years ago that federal securities laws would apply to its listings. The regulator has provided a sneak peek at Coinbase’s own counterarguments. U.S. Securities and Exchange Commission (SEC) argues in a new filing revealed on Friday that Coinbase knew years ago that federal securities laws would apply to its listings. In response to a filing by Coinbase, in which the company contended that the regulator lacked the power to sue it, the regulator has now filed its own response. A month ago, the SEC filed a lawsuit against Coinbase. Saying that it was acting as an unregistered broker, clearinghouse, and exchange by listing at least 13 cryptocurrencies that are not registered securities. The SEC said on Friday that it will oppose any request for judgement Coinbase could bring. And it urged the court to dismiss Coinbase’s claims that the complaint was brought in violation of the significant questions doctrine and other issues. A part of the filing reads: To counter Coinbase’s planned move for judgement. The SEC has provided a sneak peek at its counterarguments, claiming that Coinbase has two “equally flawed arguments.” Coinbase’s first argument was that investment contracts must have written agreements. And their second was that investment contracts are only asset sales if they are exchanged on secondary marketplaces. The SEC has said that secondary market transactions may nonetheless violate securities laws. Regardless of whether or not a formal contract is in place. Highlighted Crypto News Today: What’s Waiting on the Upcoming Bitcoin (BTC) Halving in 2024?

In 2021, Gutter Cat Gang debuted with 3,000 individual NFT cartoon cat avatars. One person lost a Bored Ape Yacht Club NFT valued at $65,913 at current floor pricing. There was a SIM swap assault on the Gutter Cat Gang NFT project, and more than $765,000 worth of NFTs were taken. Several members of the NFT community brought attention to the security breach at approximately 8:00 pm UTC on 7 July. Gutter Mitch, the co-founder of the Gutter Cat Gang, tweeted a warning about the exploit and urged users not to click on any links. Midway through 2021, Gutter Cat Gang debuted with 3,000 individual NFT cartoon cat avatars. Both Accounts Compromised Both the official Gutter Cat Gang account and Gutter Ric’s personal account were compromised. The compromised accounts were used by the hackers to spread links to bogus limited edition Gutter Cat Gang NFT sneakers airdrops, which, when clicked on, emptied people’s hot wallets. Moreover, the fake links were promoted on Twitter using current Gutter Cat Gang branding and photos from the project’s phygital shoe release with Puma and NBA/Charlotte Hornets player LaMelo Ball. ZachXBT, a well-known blockchain analyst, responded to Gutter Mitch’s post by speculating that the team had been the victim of a SIM swap attack and casting doubt on the group’s commitment to data protection. ZachXBT stated: One person lost a Bored Ape Yacht Club NFT valued at $65,913 at current floor pricing, while another person lost a stunning $700,000 worth of NFTs from a variety of blue chip collections, as reported in a separate post by ZachXBT. Highlighted Crypto News Today: Shiba Inu Transaction Volume Sky Rockets Indicating Whales Dominance

The volume of Shiba Inu transactions recently hit a seven-day high. A flurry of huge purchases usually preceded a significant price change for Shiba Inu. The transaction volume, up a stunning 361.39% in the previous 24 hours, suggests that Shiba Inu whales are on a dramatic move. The prior day’s volume of large transactions of Shiba Inu amounted to $46.45 million and is now standing at $68M. According to IntoTheBlock statistics, the volume of Shiba Inu transactions recently hit a seven-day high. There was an incredible 6.36 trillion SHIB of transactions in the last 24 hours. This is, surprisingly, the largest volume of the last week. IntoTheBlock claims that the Large Transactions Volume Indicator may be used to estimate the daily volume of transactions made by whales and institutional players. Price Surge Likely Increases in the number of trades often indicate that large buyers or sellers have entered the market. IntoTheBlock classifies transactions above $100,000 as “large.” The price of SHIB has historically fluctuated based on massive peaks in major transactions. A flurry of huge purchases usually preceded a significant price change for Shiba Inu. There would be a lot of big transactions happening at the same time as price spikes. However, whales’ massive transactions signaled optimal times to cash in by flooding the network. After prior drops this week, the Shiba Inu pricing is hoping for a recovery. The SHIB price had a significant increase on July 7 and hit a peak of $0.000007414. The SHIB price has increased by 1.28% in the previous 24 hours, reaching $0.0000073, however, the ecosystem tokens BONE and LEASH have done better. The latter is up by 68% in the last 24 hours. On the other hand, in a blog post earlier this week, Shiba Inu leader Shytoshi Kusama alluded to a probable release date for Shibarium Layer 2. Highlighted Crypto News Today: Shibarium Release Fuels A Green Spot Trio in the Crypto Market

The upcoming Bitcoin halving is yet to happen by 2024. Currently, the BTC halves stand at 6.25 which was set by 2020. The exciting conceptual event where the reward for the transactions of Bitcoin (BTC) mining is getting half the cut is termed ‘Bitcoin Halving’. The basic cut-off for the current year 2023, is yet 6.25 BTC which then completes by the next year. This halving cycle is where the current holding year stands for the 4th consecutive cycle. The forthcoming Bitcoin halving will reduce by 3.125 which would probably end up with the reduction of the reward towards 0. Brief on Bitcoin (BTC) Halving The maximum limit of Bitcoin held in the current market supply stands at 21 million, 92.49% of which has been in circulation where the exact count falls by 19,423,618 BTC. This further continues to pursue the block reward till the year 2140 for the final halves at the consideration. According to its 2019, the first ever BTC halving started with 50 BTC. This has then cut off to 25 BTC at the second Bitcoin halving happened in November 2012. When Bitcoin halving occurs, the number of tokens gets rewarded and this is because the demand for Bitcoin needs to be raised. What if No Bitcoin Remains? Considerably, the new block findings happen every ten minutes or less. With the time constraint kept for every BTC mine, the days in which the block findings require longer than usual for 1461 days i.e., four years in total. In the case of Bitcoin mining, the last Bitcoin will get mined in the year 2140 where the blockchain remains yet the negligible reward will be received on the consecutive times. Henceforth, there awaits a huge turn back when the next Bitcoin halving happens in the upcoming 2024. This of course reduces the current block reward to 3.125. Evidently, this will increase the demand and value of BTC in further years. Related Crypto News: Bitcoin (BTC) Makes New Yearly High of $31.5K. What’s Next?

London, United Kingdom, July 8th, 2023, Chainwire Aptius Ltd, a British financial enterprise, has developed a new cryptocurrency called BritanniaCoin which will be available for pre-sale from June 18th onwards, ahead of its launch later this year. BritanniaCoin is a British-built blockchain that introduces real-world applications while honouring British cultural heritage. The pre-release contains 316,000 coins for sale, fixed at 6 USD per coin, in honour of the official unification of England and Scotland in 1707, 316 years ago. The pre-release presents an opportunity to purchase BritanniaCoin before its launch on exchanges at 8 USD per coin. BritanniaCoin is also launching a software wallet for the public, downloadable on the Apple App Store and Google Play. As part of BritanniaCoin’s commitment to charitable causes, 10% of the proceeds from the pre-sale will be donated to charity, as listed on the BritanniaCoin website. During its pre-sale this summer, BritanniaCoin intends to give away 125,000 coins. BritanniaCoin is 100% self-funded and developed with no silent partners, as detailed in the white paper. These initiatives aim to foster an ecosystem that represents British values, integrates historic cultural legacy with technological innovation, and supports charitable organizations such as Hearts of Gold to improve the lives of vulnerable people. BritanniaCoin introduces a proprietary blockchain with zero fees and a 20% faster block confirmation time than Bitcoin. After the 1st round pre-release for commercial customers started in September 2022, BritanniaCoin launched its own bespoke hardware infrastructure. This hardware wallet platform intends to facilitate customer security, anonymity, and technological innovation. This exclusive hardware wallet is currently available to private investors and commercial clients who get in touch via their website. Moreover, the prospect of providing customers of the planned NFT project with access to hardware wallets in the future is something that is currently being considered. Following the completion of its 2nd stage ICO, BritanniaCoin intends to center its blockchain ecosystem, brand identity, and community on this hardware technology basis. BritanniaCoin pursues multiple long-term goals, including expanding its community and improving the user experience. In addition, BritanniaCoin has its own British-themed NFT project that provides holders unique advantages, offering access to airdrops, special discounts, voting rights, an active role in selecting which charity institutions to support and signature events, such as their recent pre-release party held at the East India Club. In the aftermath of the ICO, BritanniaCoin intends to launch BritanniaPay, consisting of their software wallet compatible with iOS and Android and connected with the company’s current hardware wallet network. BritanniaPay is an innovative new initiative that prioritizes British brands and businesses by integrating blockchain technology into its own payment system. Users can pay for their purchases at various UK and international retailers with BritanniaCoin alongside Bitcoin, Ethereum and other established cryptocurrencies. BritanniaCoin unites a diverse team, as the Co-founder and CEO Daniel M. Ashworth brings over five years of experience in the cryptocurrency sector and co-founded Aptius in 2018, a Crypto and Forex trading company. Co-founder and CTO Jonathan Peters has 10 years of programming experience, including blockchain architecture, network infrastructures, and algorithmic trading software. COO Demetri Georgiev has over 10 years of experience in logistics operations and supports the project’s day-to-day operations. Events Manager Mark Turley has acquired over 18 years of experience arranging entertainment events and manages the project’s unique range of events in magnificent venues, such as the East India club. Charities Co-ordinator Mary Johnston has over 30 years of experience in sales and marketing and is actively involved in Hearts of Gold, the nominated charitable foundation supported by BritanninaCoin. For more details about BritanniaCoin, access the project’s website. About BritanniaCoin BritanniaCoin is a cryptocurrency that deploys real-world utilities developed by Aptius Ltd, a British financial organization. Available for pre-sale from June 18th, BritanniaCoin intends to celebrate British cultural heritage. Contact Daniel M. Ashworth Britanniacoin Ltd [email protected]

SHIB community is swayed by a new update on Shibarium: Shiba Inu’s “AI best friend.” The number of projects integrating on Shibarium exceeds 150 prior to the launch in August. Shibarium’s viral hints and updates are storming the crypto space with intense hype. Another recent speculative update got officially dropped on Friday — the new “AI best friend” of Shiba Inu. Who Is This New Shiba Inu “AI Friend”? Until now, as per sources, the Shiba team would be integrating more than 150 projects on the Shibarium mainnet. Prominent members of the team such as Lucie, the marketing specialist, are unveiling newer partnerships, also dubbed “PartnerShibs”, on Twitter. Recently, Lucie announced the partnership of the Shiba Inu ecosystem with a new AI company called Bad Idea AI. The company has been listed and featured on the official SHIB website. Shiba Inu Official Partnerships (Source: Shiba Inu Official) Bad Idea AI is a privacy-centric AI-augmented platform that positions itself as a decentralized alternative to Google Cloud. Interestingly, BAD is the initialism formed by a combination of three terminologies: Blockchain, AI, and DAO. Notably, SHIB lead developer Shytoshi Kusama hinted at this AI company’s name in one of his tweets in late June that revealed the L2’s launch location. The hint was mentioned in the hashtags on that tweet. He also praised the project for aiding a use case to Shiboshis, the exclusive Shiba Inu-based NFTs. The Shiba Inu ecosystem expands with diverse “PartnerShibs”, from Shibacals, Shiboshis NFTs, and Bad Idea AI to Unification. Moreover, the Shiba community is virally making August the celebratory month of Shibarium. Highlighted Crypto News Today: SHIB To Surprise the Whole World, Check Why!

Over the past day,Shiba Inu has experienced a positive growth of 1.34%. BONE experienced a significant surge of over 30% within a single day. Shiba Inu and the highly anticipated Layer-2 Shibarium network have become the center of attention in the cryptocurrency space, with discussions abuzz among industry participants. Shiba Inu’s development team is actively preparing for the introduction of Shibarium, and the tokens like SHIB, BONE, and LEASH from the Shiba Inu ecosystem will play integral roles within the Shibarium framework. The trading indicators for the Shiba network triplets, SHIB, LEASH, and BONE, are showing upward movement, indicating a rise in their respective prices. SHIB price chart (source: TradingView) Based on the latest data, SHIB is currently at $0.000007337, with a significant trading volume of $75,708,073 within the last 24 hours. Over this period, SHIB has experienced positive growth of 1.34%. Taking into account the trading patterns in the cryptocurrency market, Shiba Inu’s RSI (Relative Strength Index) currently stands at 44.71. This value suggests that SHIB is currently in a balanced position without being overbought or oversold. BONE Price Soars Ahead of Shibarium Release BONE price chart (source: TradingView) With the announcement of the Shibarium mainnet release and Worldpaper scheduled for August by lead developer Shytoshi Kusama, the gas token for the Shiba Inu layer-2 blockchain Shibarium, Bone ShibaSwap (BONE) token, experienced a remarkable surge of more than 30%. This surge propelled BONE into the esteemed list of the top 100 cryptocurrencies. According to the latest data, BONE is currently at $1.46, with a notable 24-hour trading volume of $19,531,958. Over the past day, BONE has demonstrated a significant increase in value, reaching a growth of 31.46%. LEASH price chart (source: TradingView) The latest recorded price of LEASH is $343.63, accompanied by a noteworthy 24-hour trading volume of $1,362,305. In the past day, LEASH has experienced a significant increase in value, rising by 13.16%. Moreover, Analyzing the trading movements in the cryptocurrency market, the RSI (Relative Strength Index) of LEASH is currently at 69.97. This reading implies that LEASH is approaching an overbought state. Meanwhile, the Shibarium testnet, Puppynet, has accomplished a noteworthy achievement by surpassing 25 million transactions. Also, this upswing in Shibarium network activity signals strong demand and holds the potential to exert a positive influence on the long-term prices of SHIB and BONE. Additionally, the introduction of Shibarium is set to enhance the decentralization of the Shiba Inu ecosystem as the community assumes a more significant role in decision-making processes. Highlighted Crypto News Today Shiba Inu (SHIB) Price Prediction 2023

In the past week, Stellar (XLM) experienced a decline in price, moving from $0.1 to $0.096. This represents a decrease of -13.42% in value. Furthermore, in the past 24 hours, XLM recorded a minor drop of -0.61%. These price movements indicate a slight bearish sentiment prevailing in the crypto market, with XLM being influenced by the broader market conditions. The recent downtrend in XLM’s price suggests that bears currently have the upper hand, while the scope for bullish activity appears limited. What Could Be Responsible For The Recent Price Dip? The Stellar ecosystem has been rife with developments in recent months, with the biggest being the launch of the Spacewalk bridge that connects the blockchain to Polkadot. The bridge was meant to enable smooth transfer of the USDC stablecoin between the two blockchains fostering increased utility and potential demand within Stellar’s ecosystem. However, this has not gone to plan, as Stellar’s price has failed to match the positive advancements in its ecosystem. Instead, bearish sentiment has engulfed XLM, which has contributed to the recent downward price movement. Related Reading: XRP Next Step: Here’s Why An Upward Move Could Be Likely The bearish sentiment indicates that market participants are cautious about XLM, leading to selling pressure and a lack of significant buying interest. It is important to consider the impact of market sentiment on short-term price fluctuations, as it can create challenges for price recovery and limit the potential for bullish momentum in the near term. What’s Next For Stellar (XLM)? Although XLM is currently experiencing a bearish sentiment, the long-term prospects for the cryptocurrency remain positive. Stellar’s roadmap for 2023 focuses on enhancing network utility through strategic initiatives. This includes making innovation easy and scalable through Soroban development, scaling and decentralization endeavors, and improving developer wallet tools. Stellar aims to win over builders by accelerating the growth of widely-used assets, promoting accessibility and user-friendly apps, and leveraging smart contracts for sustainable use cases in the DeFi ecosystem. Related Reading: Circle Intervenes, Freezes $63 Million From Multichain Hack Furthermore, Stellar’s focus on utility and building trust involves engaging in public policy, raising platform awareness, and maintaining high-quality wallet products. These initiatives are designed to strengthen Stellar’s position in the market and drive future growth. While short-term price movements may be influenced by market sentiment, the long-term success of Stellar relies on the execution of its strategic initiatives and the adoption of its network utility. As a result, XLM’s value could potentially increase in the future, with projections indicating the possibility of reaching $0.11 by 2024. Investors and traders should closely monitor the progress of Stellar’s roadmap and evaluate market conditions when considering the future prospects of XLM. At press time, XLM was trading at $0.09691 per coin with a 1-hour price increase of 1.1%. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured Image from iStock, chart from TradingView

More than 590 fellowships and scholarships have been given via UBRI. Seven of the top ten university blockchain programs in the world are UBRI partners. Ripple’s University Blockchain Research Initiative (UBRI) was the first of its kind when it was created five years ago. Pledging $50 million in charitable funding to top universities across the globe in order to promote blockchain and cryptocurrency education, research, and development. Blockchain’s position in the inevitable digital-first future has been strengthened by this dedication. More than 590 fellowships and scholarships have been given via UBRI. And the institute has helped fund the publishing of over 1,000 research publications and presentations across six continents. Expanding Career Opportunities Given blockchain technology’s central role across a wide variety of sectors. UBRI’s portfolio of research and activities encompasses a wide range of topics. Many of which are debated among academics in the award-winning All About Blockchain podcast. Research highlights from UBRI’s 2021 and 2022 university partners have been compiled and are available. Moreover, seven of the top ten university blockchain programs in the world are UBRI partners. Providing cutting-edge research and new ideas to the blockchain industry’s leading companies and institutions. Academic research is being used by professors at institutions like UPenn Wharton, Georgetown, University College London, Kyoto University, and many more to produce articles that will shape policy, implementation, and widespread acceptance of this exciting new technology throughout the world. The influence of UBRI over the last five years is proof of the expanding opportunities for careers in the blockchain space. Also, academic research is essential in giving the industry a road map for the future to take things to the next level. As acceptance of real-world applications of blockchain and digital assets rises. Highlighted Crypto News Today: SHIB To Surprise the Whole World, Check Why!