Bitunix Enables Visa and Mastercard Payments for Crypto Investing. Users can now seamlessly and securely buy cryptocurrencies. Bitunix, a prominent cryptocurrency derivatives exchange, has unveiled its latest feature that allows users to conveniently purchase cryptocurrencies using Visa and Mastercard credit cards directly on its platform. This integration aims to streamline the process of acquiring digital assets, making it more accessible to a wider audience. Bitunix Expands Payment Options With the integration of Visa and Mastercard credit cards into Bitunix Exchange, users can now seamlessly and securely buy cryptocurrencies without the need for additional intermediaries. By enabling direct credit card transactions, Bitunix aims to enhance the onboarding experience for both existing and new users. Moreover, it eliminates complexity and simplifies the path to cryptocurrency ownership. Arron Lee, the co-founder of Bitunix, stated that; The newly introduced feature supports multiple currencies, including USD, THB, IDR, VND, EUR, JPY, GBP, HKD, TWD, CAD, PHP, BRL, and MXN. Moreover, it ensures broad accessibility for users across various regions. Further, the integration of Visa and Mastercard credit card payments is now live on the Bitunix platform. Users can easily navigate to the “Buy Crypto” section, where they can select the credit card payment option to initiate their cryptocurrency purchases conveniently and securely. Moreover, this development marks a significant step towards making cryptocurrency acquisition more accessible. And also, user-friendly for individuals interested in entering the digital asset market.

Bitcoin Cash (BCH) has recently dominated the headlines with massive gains in the current overall crypto market rally. Its price recently surged over 200% this month after being listed on EDX Markets, a new exchange backed by major institutions. Trading also spiked on Upbit, a major Korean exchange. This led to a significant increase in the total hash rate and mining difficulty as miners migrated to the blockchain to chase profits. Bitcoin Cash Hash Rate Reaches Highest In Two Years According to data from CoinWarz, the BCH hash rate jumped to over 5.45 EH/s in the closing hours of June, reaching its highest point in over two years. The increased hash power means the BCH network has become increasingly secure as miners move to the blockchain. Mining difficulty also followed suit, jumping to 494.8 G in less than a day. While frequent difficulty adjustments can impact mining profits in the short run, the heightened interest in mining Bitcoin Cash is a good sign for the network. The rally in Bitcoin Cash’s price and mining metrics has put pressure on those short-selling BCH futures contracts. The total amount of money lost on BCH-tracked futures shorts and longs combined was over $25 million, which is the largest in over two years. All of this comes ahead of the Bitcoin Cash Halving, an event that is expected to happen in May 2024, cutting block rewards in half. The rapid rise in mining difficulty and hash rate could be linked to this. However, given that it is almost a year away, it is more likely that the altcoin’s recovery and price movements over the last week are the culprit. BCH Price Action The future price outlook for Bitcoin Cash remains highly uncertain, given that the current rally came as a surprise to many investors. The next several weeks will be extremely important in determining whether or not this rally has sufficient energy to drive Bitcoin Cash to new highs in 2023 or whether or not it fizzles out. Currently, BCH seems overbought from various indicators like the Relative Strength Index. Overbought means an extended price move to the upside. Price action seems to have become calm, as the cryptocurrency is now facing rejection around $300. The 50-day and 200-day MAs seem to suggest that the price increases may continue. However, if the current momentum stalls and BCH faces a strong rejection, the BCH price could erase most of its recent gains. BCH is now trading at $288 and is down 1.31% in the past 24 hours. BCH’s price rise saw its market cap jump to over 5.58 billion, making it the 14th-largest cryptocurrency in the space.

Excitement is building within the Shiba Inu community as the highly anticipated launch of Shibarium, the layer-2 scaling solution, draws near. Shytoshi Kusama, the pseudonymous project lead developer, recently addressed the upcoming launch, emphasizing the importance of sticking to the planned strategy and timeline. Kusama’s confident statements have further fueled anticipation among enthusiasts. Shibarium Is On The Verge Of Release When asked about potential changes to the launch date or plan of Shibarium, Kusama responded resolutely, stating, “It doesn’t matter; everything is already set. I can’t change the date or plan. It’s called a launch strategy.” This unwavering commitment to the established timeline demonstrates the Sharium developers team’s dedication to ensuring a successful launch for Shibarium. In another intriguing conversation within a Telegram group chat, someone identified as Mark suggested that Shibarium would launch at ETHToronto which takes place from August 15-16, 2023, in Toronto Canada. Surprisingly, the Shiba Inu lead developer playfully agreed, stating, “Mark his words.” This playful interaction has fueled speculation that Mark is actually right with his speculation. It is noteworthy that Kusama recently dropped another hint in which he said that it is no longer a question of “when” but “where”. The SHIB lead developer released a video showing the Shiba Inu logo and a major (North American) city. The message of the video was, “Something is coming. We are actually going somewhere.” Apparently the developers of Shiba Inu are planning a big event, and as the rumors have it, for the Shibarium launch. While the exact launch date remains undisclosed, another Shiba Inu enthusiast brought up a previous statement from Kusama in which he hinted at a two to four-month timeframe for the launch after the beta testing start. Notably, July 11 marks the four-month milestone since the beta release. And there’s even more recent hint from Kusama. In another Telegram message, he said: “I’m to busy starting the launch process of a blockchain. And seriously … when the pilot is in the cockpit switching switches and the seat belt light is on. And the attendant is talking about safety and stuff DONT ASK THE PILOT WEN.” So everything suggests that the Shibarium may be within reach. When and where remains a secret for the time being. How High Can The Shiba Inu Price Rise? The news of a launch date will undoubtedly create new hype around Shiba Inu. What impact Shibarium will have on the SHIB price in the long term is difficult to predict, as this will depend on the adoption and success of the layer-2 solution and projects that build on it. In the short term, however, a look at the 1-day chart of SHIB helps to assess possible price scenarios. The SHIB price remains in a downtrend on the 1-day chart, but is relentlessly approaching the upper resistance of the descending parallel trend channel at around $0.00000790. Crossing this price level would be a first important step to initiate a long-term upward movement. However, as early as the $0.00000834 price level (23.6% Fibonacci retracement level), SHIB needs to confirm this trend. In any case, the introduction of Shibarium has the potential to trigger this move. A green candle towards the 200-day EMA would then be conceivable. The 200-day EMA is currently approaching the 38.6% Fibonacci retracement level at $0.00000979. This area around $0.00001 is where the strongest resistance is expected. Still, the Shibarium hype has the potential to herald a further rise towards the 61.8% Fibonacci level at $0.000012. Thus, at the current price, SHIB holds the potential to rise by more than 57% (before probably taking a breather). The area around $0.000012 has been very important as resistance and later support this year.

On-chain data shows that Bitcoin sharks and whales have continued to accumulate recently, something that could help the rally go parabolic this month. Bitcoin Sharks & Whales Have Continued To Add To Their Holdings According to data from the on-chain analytics firm Santiment, BTC sharks and whales have participated in further buying during the past two weeks. The relevant indicator here is the “Supply Distribution,” which tells us about the total amount of Bitcoin that each address group is holding in the market right now. The addresses are divided into these address groups based on the total number of coins they are carrying in their balances right now. The 1-10 coins group, for instance, includes all investors holding between 1 and 10 BTC currently. In the context of the current discussion, the cohorts of interest are the “sharks” and “whales.” These are investors who generally hold sizeable sums in their wallets, and their combined coin range may be defined as 10-10,000 coins. Due to the high amounts that these holders may carry in their wallets, they can have some influence on the market. Naturally, as the whales are the larger of the two groups, they carry significantly more power in the sector. As the movements of these holders can cause noticeable effects on the market, it can be worth keeping an eye on their behaviors. The Supply Distribution of this coin range can provide hints related to exactly that. Now, here is a chart that shows how the supply of these investors has changed during the last few months: As displayed in the above graph, the Bitcoin Supply Distribution for the 10-10,000 coins group had seen some decline earlier in the year but had bottomed out in the middle of April. Around the same time as the whales finishing up their selling, the asset’s price had hit a local top and had observed a drop over the next couple of months. While this decline had taken place, though, these sharks and whales had started growing their holdings once again, suggesting that they had been buying the dips. Later on, when the cryptocurrency had failed to show any signs of a resurgence, the supply of these investors had hit a standstill, implying that these investors had become hesitant to buy more. Following the bottom in June, however, and the subsequent emergence of news related to new ETF launches, these sharks and whales began to show some strong accumulation. In the past seven weeks, these investors have loaded up 154,500 BTC, a good chunk of which has come during the past couple of weeks alone. The indicator’s value has now reached 13 million BTC, implying that the Bitcoin sharks and whales now hold 67% of the total circulating supply. These humongous investors continuing to show strong overall accumulation through this new leg of the rally can be a positive sign for things to come this month. BTC Price At the time of writing, Bitcoin is trading around $30,600, up 1% in the last week.

Litecoin (LTC) has been on a remarkable run in the past three days, emerging as one of the most impressive performers among cryptocurrencies this week. But what’s causing this sudden surge in its price? The answer lies in the anticipation of a major event that’s just around the corner: the impending halving of Litecoin, set to take place on August 2. Similar to Bitcoin, Litecoin undergoes halvings after a specific number of blocks are mined, roughly every four years. As the halving approaches, investors and enthusiasts are left wondering: will Litecoin’s price continue to soar, or is there more to this story than meets the eye? Litecoin Price Rally And Resistance Breakthrough LTC has demonstrated a strong performance in recent days, currently trading at $112.35 according to CoinGecko. Over the past 24 hours, LTC experienced a notable rally of 5.1%, and within a seven-day timeframe, it surged by an astonishing 29.0%. Over the weekend, LTC managed to surpass the crucial $100 mark, and since then, it has sustained trading above this key level of resistance. This resilience indicates bullish tendencies and raises the possibility of a significant breakthrough, with the potential for the $100 resistance to transform into support. Such a development could pave the way for a sustained bull run, potentially propelling the token to reach $130 in the near future. Social Activity Volume And Halving Event Hype The surge in LTC’s price has coincided with heightened social activity volume, as observed by the blockchain analytics firm Santiment. This suggests a correlation between price spikes and increased interest and engagement surrounding the crypto. The anticipation of Litecoin’s upcoming halving event has generated a surge in demand for the asset, driving its price upward. Litecoin’s halving events have historically been associated with significant price movements. In the months leading up to previous halvings, Litecoin experienced notable price surges. These halvings have been pivotal moments for the crypto asset, often triggering a period of increased market activity and bullish sentiment. The underlying principle behind the price surge observed before halving events is the anticipation of reduced supply coupled with sustained or growing demand. As the number of new coins entering the market decreases, if demand remains steady or increases, the scarcity of Litecoin can drive up its price. This scarcity narrative has been a driving force behind the previous bull runs experienced by Litecoin, and the upcoming halving event is expected to generate similar dynamics. (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 Master The Crypto

Bitcoin has risen by almost 80% in the first six months of 2023. However, as has been the case in the past, the cryptocurrency has experienced periods of stagnation before making any significant moves. This has resulted in a consolidation phase that has left investors waiting in anticipation for the next direction. And if attempts to breach upper resistance lines fail, it could jeopardize most of the gains made in the last few months of 2023. Will Bitcoin Plummet To The Depths? Crypto analyst under the pseudonym “Captain Faibik” on Twitter, has recently made some bold predictions about Bitcoin’s future. Despite the current bullish sentiment in the market and the possibility of reaching a new yearly high for 2023, Captain Faibik warns that bulls are not “out of the woods yet.” Faibik believes that Bitcoin may retest the $20,000 region in the upcoming months of August and September. However, Faibik also believes that the Bitcoin bull run will officially start in November 2023. On the other hand, the recent confirmation of a 2-week buy signal, a successful retest from the breakout, and the Moving Average Convergence/Divergence (MACD) crossing above the “0” level for Bitcoin have caught the attention of traders and investors alike. These indicators have only occurred in 2015, 2019, and 2020, leading many to believe that a significant price movement is imminent. Trader “Moustache” highlights that while history doesn’t repeat itself exactly, it often rhymes. This means that while past events can provide insights into potential market movements, there are no guarantees in the volatile cryptocurrency market. However, the fact that these same technical indicators have been observed in the past and have been followed by significant price movements is a cause for excitement among Bitcoin investors. The 2-week buy signal is a particularly significant indicator, suggesting that Bitcoin is oversold and undervalued, making it an attractive investment opportunity. The successful retest from the breakout is also a positive sign as it indicates that the breakout was not a false signal, and the new price level has been validated. The MACD crossing above the “0” level is another bullish indicator as it suggests that the momentum is shifting in favor of the bulls. This is important as it indicates that the buying pressure is increasing, which could lead to a significant price movement shortly. BTC Set To Soar? Economist and trader MikyBull has been closely analyzing the pre-halving price action of Bitcoin for 2024. According to MikyBull, the current accumulation phase is wider than previous halvings, indicating that the post-halving rally may take longer to materialize. However, the wider accumulation phase could also result in a more significant price increase. Furthermore, Bitcoin’s price has already tapped into the bi-yearly resistance, which is a crucial price level that has historically led to breakouts. This indicates that a price breakout is imminent, and MikyBull anticipates a rally before the halving event with a price target between $35,000 and $40,000. At the time of writing, Bitcoin is trading at $30,600, representing a modest gain of 0.4% over the past 24 hours. It is unclear whether the cryptocurrency will continue to hold this level or if a significant pullback will occur. Nonetheless, the current market sentiment favors bullish investors, and Bitcoin appears to be well-positioned for another attempt to break through the $31,000 line. If successful, this could pave the way for the cryptocurrency to achieve further milestones throughout the remainder of 2023. Featured image from Unsplash, chart from TradingView.com

On-chain data shows a Litecoin indicator is currently showing a pattern that has historically been bearish for the cryptocurrency’s price. Litecoin 30-Day MVRV Ratio Has Registered A Surge Recently As pointed out by an analyst on Twitter, the 30-day MVRV ratio has spiked towards the 35% mark recently. The “Market Value to Realized Value (MVRV) ratio” here refers to an indicator that measures the ratio between the Litecoin market cap and its realized cap. The “realized cap” here is a capitalization model that aims to find a sort of true value for the asset. According to this model, the true value of any coin in circulation is not the current spot price, but the price at which it was last moved/transferred on the blockchain. As the MVRV compares the market cap (that is, the spot price) with the realized cap (the “real” value of the asset), it can tell us whether the current price is overinflated or not. When the value of the MVRV is greater than 1, it means that the market cap is larger than the realized cap currently. Naturally, such a trend can imply the asset may be overpriced right now. On the other hand, values of the indicator below this threshold suggest the cryptocurrency could be undervalued at the moment as its realized cap is higher than the market cap. Now, here is a chart that shows the trend in the 30-day Litecoin MVRV ratio over the last few years: Here, the MVRV ratio is displayed in terms of the percentage difference between the market cap and the realized cap (meaning that the 0% line plays the role of the 1 mark in this version of the indicator). As shown in the above graph, the 30-day Litecoin MVRV ratio has registered some rapid growth recently. This jump in the indicator has come as the latest rally in the cryptocurrency has occurred, which has now taken the price above the $110 level. The metric has now hit a value of 35%, which implies that the market cap is currently 35% more than the realized cap. Historically, the indicator’s value rising above the 30% level has been a sign that the asset is becoming notably overpriced. From the chart, it’s visible that the cryptocurrency’s price has generally always registered a correction whenever this pattern in the 30-day MVRV ratio has formed. The degree of this price drop has varied, but on average it has been around 30% to 40%. It now remains to be seen if this historical pattern would continue to hold true this time as well. Naturally, if it does hold, then Litecoin would register a significant drop in the coming days. LTC Price At the time of writing, Litecoin is trading around $109, up 23% in the last week.

Twitter’s initial endeavor to implement a fee for verifying accounts with blue check marks resulted in a reportedly marked decrease in bots. Nevertheless, the persistent nuisance of fake Twitter accounts remains far from abating. Twitter launched Twitter Blue, a subscription service priced at $8 per month. It was launched with the dual purpose of boosting the platform’s revenue and making it financially unfeasible for bots and fake accounts to operate effectively. Despite these efforts, reports indicate that a significant proportion of followers from the most popular crypto accounts are still deceitful. In a recent investigation DappGambl, a crypto platform, conducted an analysis on the same. They suspected that there is a correlation between the popularity of crypto tokens and the presence of fake followers in Twitter accounts. Related Reading: Litecoin $100 Milestone Indicates Promising Bullish Trends – Here’s Why DappGambl examined the social sentiment associated with crypto accounts and it was discovered that as many as 10% of followers from the most followed crypto accounts were fake. Fake Twitter Crypto Followers: Facts And Figures When examining the official accounts of cryptocurrency tokens and ecosystems, it was found that Shiba Inu had the highest proportion of fake followers. These fake followers amounted to 10.26% or approximately 80,000 accounts. Avalanche (AVAX) came in second place with 8.14% fake followers, and Polygon (MATIC) ranked third with 7.58% or around 73,000 fake accounts. In addition, dappGambl’s findings revealed that DAI is widely considered the most beloved and popular coin among Twitter users. On the other hand, XRP is often associated with scams. Other notable figures also face the presence of fake followers on their Twitter accounts. Twitter co-founder Jack Dorsey reportedly has around 560,000 fake followers, accounting for 8.62% of his total follower count. El Salvador President Nayib Bukele and Ethereum co-founder Vitalik Buterin apparently both have nearly 6.5% of their followers identified as fake. Musk’s Anti-Fraud Measures Fail To Tackle Fake Accounts Among prominent figures in the crypto industry, Elon Musk, the CEO of Tesla, has around 4.76% fake followers on Twitter. Following closely is Michael Saylor, the co-founder of MicroStrategy, with approximately 6.16% fake followers. Changpeng ‘CZ’ Zhao, the CEO of Binance, also has a significant presence of fake followers, accounting for around 5.58% of his total followers. These statistics underline the prevalence of fake followers among well-known individuals in the crypto space. Despite Elon Musk’s efforts to combat fake accounts, he is followed by over 6.7 million fake accounts, highlighting the persistence of the problem. Various methods, such as examining account details and analyzing followers, can be used to identify fake accounts. Recently, the popular Twitter bot “Explain This Bob” was suspended after Musk called it a scam, emphasizing the ongoing challenges in tackling fake accounts on the platform.

Over the course of seven days, Maker (MKR) has experienced remarkable growth, showcasing its potential as a lucrative investment opportunity. According to data from CoinMarketCap, MKR has recorded a significant gain of 30% in this timeframe, sparking much interest and optimism among its numerous traders and holders. For now, it remains unclear what is driving MKR’s price, but there is a clear, strong buying pressure and positive sentiment surrounding the DeFi token in the market. Maker Price Action Surpasses Market In an impressive display of bullish momentum, Maker has witnessed a substantial gain attracting much of the market attention. Initially, MKR began last week trading around $706.85. The token then experienced a slight dip in price over the next few days, trading as low as $670.86 on June 28. Related Reading: Litecoin $100 Milestone Indicates Promising Bullish Trends – Here’s Why Thereafter, Maker started recording gains before a jump in price occurred on June 30, resulting in the token gaining by over 21% to hit a market price of $834.09. Since the beginning of July, MKR has witnessed two more hikes in its market price, the most recent being today. In the early hours of this day, the MKR token boosted by 8% to hit a market price of $929.87 for the first time since March. At the time of writing, MKR is sitting at a current price of $930.78 USD, with a market capitalization value of $897 million. In addition, the token trading volume is set at $76 million, having gone up by 14% in the last day, indicating an increased market activity. Looking at the protocol performance, the MakerDAO has recorded a 1.04% decrease in its TVL over the last day based on data from DeFillama. Nevertheless, the protocol remains the second biggest DeFi project, with a TVL of $6.262 billion. MKR Price Analysis And Prediction MKR has been exhibiting interesting price action recently, with two notable levels to watch. The first one is a resistance zone at the $973 price level, while MKR has faced selling pressure at this level in the past, preventing it from continuing its upward trend. Traders and investors should closely monitor how MKR behaves around this resistance zone, as a breakout above it could potentially signal further upward momentum. Related Reading: Bitcoin Sharks & Whales Show Strong Buying, Rally To Continue In July? On the other hand, if MKR fails to break above the $973 resistance level, it may face a potential downward retracement to the $662 price level. This price zone has previously acted as a resistance, but if MKR experiences a pullback, it could potentially turn into a support zone. Both of these levels are significant in assessing the price action of MKR and can provide valuable insights for traders and investors. Monitoring how MKR interacts with these levels could help determine the future direction and potential breakout or reversal opportunities for the cryptocurrency. Featured Image: Freepik, Chart from Tradingview

The Terra Luna Classic community pool balance has reached a critical level due to the approval of three community pool spending proposals. The funds have significantly decreased from 2.37 billion LUNC to a mere 416 million LUNC. Consequently, the community is now facing a shortage of funds, hindering their ability to finance further development and maintenance of the chain. Terra Luna Community Proposals And Allocations The Terra Luna Classic community passed three proposals that were responsible for depleting its reserves — from a Quant team for USTC re-peg, Joint L1 Task Force Q3 proposal, and continuing operating Terra Rebels infrastructure and apps. Related Reading: Terra LUNA Classic: Thriving Or Struggling After Ecosystem Collapse? Core developer Joint L1 Task Force Q3 received 1.264 billion LUNC, Quant USTC Repeg Team gets 222.222 million LUNC, and Terra Rebels received 484.367 million LUNC. Now, the community pool balance has only 416.33 million LUNC and 4.49 million USTC. Joint L1 Task Force Q3 proposes to work on reducing LUNC and USTC circulating supply in Q3, upgrading to stable Columbus and Cosmos SDK versions, and other major developments. The L1TF and Professor Edward Kim will assist the Quant team in the USTC re-peg. Meanwhile, the Quant team worked on modeling and simulation for the USTC incremental re-peg buybacks and staking swaps, evaluating and assessing the Market Module and working on other tools. Terra Rebels needs funds to continue operating and maintaining Rebel Station and other apps, as well as testnet and Terra Classic infrastructure. In light of recent developments, several prominent figures within the community have expressed concerns regarding the approval of seemingly unnecessary community spending proposals. They believe that a more discerning approach should be taken, with only crucial proposals proceeding for voting after thorough and thoughtful discussions. This sentiment reflects the community’s desire to prioritize and allocate resources effectively, ensuring that decisions are made in the best interest of the community as a whole. LUNC Price Fluctuations And Trading Activity Following the announcement of Binance’s 2.65 billion LUNC burn on Saturday, the price of Terra Luna Classic experienced a notable surge of over 3%. However, this increase was short-lived as the price failed to sustain the gains and subsequently retreated to the support level. Over the past 24 hours, the LUNC price has exhibited a sideways trading pattern, with the current price hovering around $0.000087. During this period, the recorded low and high values were $0.0000850 and $0.0000877, respectively. It is worth noting that although the price has remained relatively stable, there has been a slight increase in trading volume over the past 24 hours.

In a market of ever-changing dynamics, Litecoin (LTC), one of the top-performing cryptocurrencies, is caught in an interesting situation. The digital asset’s price direction has recently been the subject of analysis by a renowned crypto expert, Ali, who is well-known for his crypto predictions and insights. His analysis, drawn from a key market indicator, the Market Value to Realized Value (MVRV) ratio, may shed light on Litecoin’s immediate future. Ali’s forecast derives from the 30-day MVRV for Litecoin, which presently stands at around 35%. This metric serves as an instrument for tracking the disparity between the market value and realized the value of the digital asset. Related Reading: Litecoin Up 18% In Past 24 Hours, Is Halving Rally Here? Ali’s recent observation adds a significant dimension to the market’s perception of Litecoin, suggesting that history might be gearing up to repeat itself. The History Of Litecoin MVRV And Price Corrections As Ali highlighted in a recent tweet, Litecoin’s history since 2018 shows a distinctive pattern. Whenever the 30-day MVRV exceeds the 30% threshold, a sharp price correction ensues. Such corrections have typically led to a decline in LTC’s price ranging from 30% to 40%. This pattern has persisted over the years and lends credence to Ali’s prediction about a possible downturn. The rationale behind this is straightforward. When the MVRV ratio is high, it indicates that holders have accrued significant profits and may decide to sell, resulting in a price drop. However, it’s important to remember that while historical trends provide an indication, they are not a guaranteed predictor of future events. LTC Latest Price Action On June 30, Litecoin experienced a significant price hike, recording a sizeable green candlestick. This surge propelled LTC to the high of $109 at the time of writing, reflecting a nearly 24% increase over the last seven days. In addition, Litecoin has exhibited a minor decrease of 1.8% within the last 24 hours. The asset’s market capitalization has also seen a 22.5% surge in the past week, moving from a low of $6.4 billion last Monday to as high as $8 billion as of today. This has ranked the altcoin as 8th among the largest crypto by market capitalization. Litecoin’s daily trading volume has also recorded a significant surge from the $462 million volume seen late last month to stand above $1 billion in the past 24 hours. LTC currently has a 24-hour low of $108 and a 24-hour high of $114. It is worth noting that LTC’s recent surge can be attributed to the upcoming halving which is to take place in the next few weeks. This has served as a catalyst for investors to accumulate the altcoin. However, despite the LTC surge, the asset is still 72% down from its peak of $412. Featured image from Shutterstock, Chart from TradingView

According to on-chain data from DefiLlama, Ethereum liquid staking derivatives have grown in total value in recent months, with the total crypto locked closing in on record numbers. Liquid staking derivatives platforms now have more than 10 million ETH locked, making the total value locked (TVL) close in on $20 billion across various protocols. ETH Liquid Staking Derivatives With Ethereum 2.0 staking now live, many ETH investors have turned to liquid staking derivatives like Lido and Rocket Pool. Liquid staking has gained massive popularity as it introduces an innovative way for ETH holders to earn a yield on their holdings while having access to funds to carry out other activities. The top protocols are Lido, Coinbase Wrapped, and Rocket Pool, which combined have over 9 million ETH locked. Lido currently dominates the ETH liquid staking derivatives market, holding a market share of 74.46% and having more than 7.54 million ETH staked. Taking into account the current price of ETH, this amounts to a total value locked (TVL) of $14.8 billion. Lido has also witnessed a 1.86% and a 7.06% growth over the past week and month, respectively. Coinbase Wrapped Staked ETH has also seen an increase in investors, growing over 3.06% in the past week alone. The Tranchess Ether protocol, on the other hand, has experienced the greatest growth over the previous month, increasing its total value locked by more than 375%. ETH 2.0 Total Value Staked Surpasses $46 Billion The total amount locked in the ETH 2.0 contract has been on a steady rise since the beginning of the year. With Ethereum moving to a proof-of-stake consensus mechanism, validators have to lock their digital assets through staking to participate in the consensus process and continue adding blocks to the blockchain. This has led to the growth of “liquid staking” derivatives that allow holders to stake their ETH while still maintaining liquidity. According to data from Glassnode, a blockchain data and intelligence platform, the cumulative amount currently deposited to the ETH 2.0 contract is now at an all-time high of over $45 billion. This amounts to over 20% of the total ETH supply now being locked in the ETH 2.0 contract. The progress made so far points to a very promising future for Ethereum and its transition to Ethereum 2.0.

SHIB2.0 has recently taken the spotlight with its remarkable surge in value. The trading price of the memecoin has experienced a surge of 60.84%. The crypto market has continued to evolve with the arrival of new memecoins. Those memecoins have captured the attention of investors with sudden price surges. SHIB2.0, the recently launched memecoin, has experienced a massive surge after its launch. Among the vast array of memecoins that have emerged, SHIB2.0 has recently taken the spotlight, captivating the crypto community with its remarkable surge in value. The memecoin SHIB2.0 launched on June 29. After the launch, the memecoin’s trading price immediately pumped up. Moreover, with the significant surge, the new memecoin has reached its all-time high of $0.00614 on its launch day. The Latest Evolution of Memecoins SHIB2.0 is the latest version of Memcoin, joining the recent trend of 2.0 versions of popular meme coins. There are other memecoins, including Dogecoin 2.0 and Pepe 2.0. Moreover, the newly launched memecoin SHIB2.0 is listed on the crypto exchange Uniswap. The significant performance of the memecoin is expected to attract more crypto exchanges to get listed in the upcoming days. While Shiba Inu (SHIB) and other memecoins face challenging market conditions, the sudden surge of SHIB 2.0 has taken over the crypto market. SHIB2.0 has experienced a rise of 60.84% in the last 24 hours. Meme coins are still all the rage in the crypto market, with investors and traders always on the lookout for the next great thing. At the time of writing, the trading price of SHIB2.0 is around $0.002889, with a massive surge of over 60.84% in the last 24 hours. The trading volume of the memecoin is around $788,965, with a decline of around 68.61%, according to CoinMarketCap. The market cap of the memecoin is around $2,091,387. Moreover, the total circulating supply for SHIB2.0 is one billion. SHIB2.0 Impact on the Memecoin Sector The emergence of 2.0 tokens has sparked a revolution within the memecoin sector. These new versions of memecoins have quickly gained attention for their remarkable performances, which are now beginning to impact the other memecoins. Pepe, the frog-themed memecoin, has shown a massive increase of 17.01%, resulting in a trading price of $0.000001805. The trading volume of the Pepe memecoin has experienced an increase of 249.35%. Moreover, Shiba Inu also witnessed a surge in trading prices recently. This raises the question of whether the memecoin season is back. The remarkable performances of these upgraded versions have captured the attention of investors. Early buyers have been taking their profits, and this may be creating attractive possibilities for new purchasers. However, as the memecoin sector continues to evolve, it becomes crucial for investors to closely monitor its performances, developments, and market dynamics. According to the data, Since no whales have yet shown up at the party, it is clear that the price has every opportunity to skyrocket. Highlighted Crypto News Today: Shiba Inu (SHIB) Price Soars Despite Mass Sell-Off, Will it Sustain?

Awarded projects will get a variety of perks, per the program’s official release. The chosen initiatives will get quarterly updates, as well as strategic advice. Warner Music Group, a behemoth in the American entertainment industry, and Polygon Labs have expanded their partnership with the introduction of a music accelerator program designed to spur “the next generation of innovation at the intersection of Web3 and music.” The two organizations intend to provide funding for the development of projects and dApps connected to music that will be released on the Polygon network as part of the program. Wide Variety of Perks Moreover, applications will be considered on a rolling basis, and awarded projects will get a variety of perks, per the program’s official release. WMG and Polygon Labs are contributing funds, while Polygon Labs is also providing partnership support for the expanding Polygon developer ecosystem. The chosen initiatives will get quarterly updates. As well as strategic advice, networking and link building, and marketing from the two platforms. At the confluence of music, technology, and Web3, Warner, and Polygon are looking for applications that prioritize several aspects. Especially related to web3 and music integration. According to WMG’s Chief Digital Officer Oana Ruxandra, the company’s goal with the new accelerator program is to help its artists and songwriters “build, activate, engage, and monetize their communities in this next era of music creation and consumption.” However, this is not the first time that Warner Music Group and Polygon have worked together on a project. In December 2022, the two companies started a multi-year web3 music program in conjunction with the e-commerce website LGND.io. This program enables customers to experience digital vinyl while they are on the move. Highlighted Crypto News Today: Thailand SEC Announces New Stringent Regulations for Crypto Firms

Small bitcoin wallet holders show strong accumulation trend: Glassnode report. “Long-term bitcoin holders continue to accumulate as market sees positive momentum. Bitcoin’s rising popularity: shrimps and long-term holders drive market dynamics, Glassnode report reveals. According to a recent report by on-chain data aggregator Glassnode, smaller Bitcoin wallets, often referred to as “shrimps,” have been actively accumulating Bitcoin in significant amounts. The report highlights that these shrimps, holding less than 1 BTC, have purchased over 33,400 Bitcoins on a monthly basis. The data further indicates that only 130 out of 5,263 trading days have recorded a larger monthly position change for these wallet owners, representing a mere 2.5%. In total, these shrimps currently hold a substantial 1.33 million Bitcoins, equivalent to a staggering $40,707,975,000. Long-Term Bitcoin Holders Show Steady Accumulation Trend Glassnode also shared insights on the Long-Term Holder Position Change index, revealing that long-term Bitcoin holders continue to exhibit a pattern of gradual accumulation. Over the course of 602 days, these holders have added more than 1.01 million Bitcoins to their portfolios, reflecting a consistent trend of accumulation over nearly two years. Presently, these wallets hold a total of 14.47 million BTC, only 20 BTC shy of the all-time high of 14.49 million BTC. BTC Market Performance and Recent Developments At the time of reporting, Bitcoin is trading at approximately $30,620 per coin. The cryptocurrency has experienced a slight increase of less than 0.3% within the past 24 hours and a rise of nearly 2% over the past week. On June 20, Bitcoin surpassed the $30,000 level following news of major fund-management companies such as BlackRock filing applications with the SEC for Bitcoin spot ETFs. Additionally, the recent launch of EDX, a centralized cryptocurrency exchange by Fidelity and other Wall Street companies, has further contributed to the evolving landscape of the crypto market.

FLOKI partners with Binance for strategic marketing campaign. Earn rewards and cashback with FLOKI on Binance Pay. The meme coin can now be used to pay for 600+ flights. Floki Inu (FLOKI), a notable meme coin in terms of market capitalization, has recently formed a strategic partnership with Binance, which is recognized as the largest cryptocurrency exchange worldwide. The primary objective of this collaboration is to promote the adoption of Floki Inu through an organized marketing campaign utilizing Binance Pay. On June 1st, Binance, the crypto exchange, disclosed its strategic alliance with Floki Inu. This integration enables users to receive rewards and cashback when they make purchases of at least $1 using FLOKI via Binance Pay from eligible Binance Marketplace merchants. Now, according to the details from a recent tweet, Floki Inu can be used to pay for over 600 flights. Floki Inu to be accepted for 600+ airlines According to the details, FLOK can be used to pay for on major airlines including British Airways, Cathay Pacific, Delta Airlines, jetBlu, United Airlines, American Airlines, and more. Floki Inu (FLOKI), a meme coin, has recently established a partnership with the e-commerce platform AliExpress, expanding its reach. Furthermore, the integration with the renowned crypto exchange Binance has contributed to increased exposure for FLOKI. This ongoing integration has positioned FLOKI as an active participant in the competitive meme coin landscape within the cryptocurrency market, thereby attracting a growing number of investors. The news has definitely had a positive impact as FLOKI is up by over 6% in the last 24 hours.

The PBOC has been silent on Pan’s present crypto stance and current ban on cryptos. The selection of Pan demonstrates the central bank’s continued opposition to crypto. The recent reorganization at the People’s Bank of China (PBOC) has dashed expectations for a reversal of China’s prohibition on digital-asset trading, which has been in effect since September 2021. However, Bloomberg notes that the nomination of Pan Gongsheng, a veteran Communist Party leader, as PBOC governor, indicates a dedication to policy consistency. Pan’s appointment has revived attention to his controversial statements made during an earlier crypto crackdown, including a prediction that Bitcoin will eventually die, made in 2017. Crypto Opposition Continues However, the PBOC has been silent on Pan’s present crypto stance and the future of China’s prohibition on digital assets. The China Economic Daily, the Communist Party’s mouthpiece, hinted at tighter limitations on NFTs (or “digital collections”) last year. Bloomberg analyst David Qu is among many who believe the PBOC’s selection of Pan demonstrates the central bank’s continued opposition to crypto. Since mainland Chinese people see Hong Kong as an international market, the advances there are of little consequence, as pointed out by Qu. Historically, PBOC governors have not backed crypto. As the government prioritizes the creation of the digital yuan, even high-ranking officials outside the central bank are skeptical about cryptos. The e-CNY, or digital yuan, took a giant step forward at the start of the year with the release of the digital yuan app’s beta version for iOS and Android. Some have predicted that China may relax its prohibition on cryptocurrencies as a result of Hong Kong’s pro-crypto turn. Hong Kong has made it clear that it wants to be the global crypto hub with its policies governing cryptocurrencies. Highlighted Crypto News Today: Singapore’s Financial Regulator Mandates Trusts for Crypto Exchanges

A predefined message containing related risks must appear on all platforms at all times. Exchanges cannot provide any kind of return on clients’ deposited tokens. In order to safeguard investors, the Securities and Exchange Commission (SEC) of Thailand has announced new regulations for companies that offer services related to digital assets. In accordance with the new regulations, companies providing digital asset services must clearly communicate the dangers of investing in cryptocurrencies. A predefined message must appear on all platforms at all times. The message reads: Before clients may use the service, the company owner must arrange for the users to provide permission and recognize the dangers, and the warning message must be prominently displayed. Lending or Investing Funds Prohibited The new rules prohibit service providers from lending or investing consumers’ money and also include a statement about trading risks. Since crypto lending services have been forbidden by the Thailand SEC. Exchanges cannot provide any kind of return on clients’ deposited tokens. The SEC’s mission is to safeguard investors against financial fraud and other threats in the capital markets. On July 31, 2023, the new rules will go into force in Thailand. With the SEC’s approval of the necessity for security warnings by cryptocurrency company operators to disclose the dangers of trading cryptocurrencies on September 1, 2022, the conversation surrounding new laws for investor protection got underway. After a major crypto lending crisis in 2022’s bear market, new investor safety measures were enacted. During the cryptocurrency market crash, a number of lending companies that had amassed billions of dollars in client deposits by promising high rates of return collapsed. Highlighted Crypto News Today: Shiba Inu (SHIB) Price Soars Despite Mass Sell-Off, Will it Sustain?

Pendle’s price increased by more than 50 percent after it was listed on Binance. There will be no maker fees for PENDLE/TUSD trades for the foreseeable future. Binance, the biggest cryptocurrency exchange in the world, has added support for Pendle (PENDLE) to its Innovation Zone. Pendle’s price increased by more than 50 percent after it was listed on Binance. Binance recently stated on its blog that it would begin trading in Pendle (PENDLE) on July 3, 2023, at 10:00 (UTC), in the Innovation Zone. PENDLE/BTC, PENDLE/USDT, and PENDLE/TUSD will be the spot trading pairings available for this cryptocurrency. The exchange stated: No Maker Fees It has also announced the release of Pendle on Binance Launchpool, where users may stake BNB and TUSD for 25 days to farm PENDLE tokens. In addition, there will be no maker fees for PENDLE/TUSD trades for the foreseeable future. In Q2 of this year, its price increased by a stunning 125%, making it the top gainer. PENDLE has made remarkable strides in expansion this year. The token’s value has increased by an incredible 1,552%, from $0.046 at the beginning of the year to the current price of $0.76. Moreover, Pendle’s novel approach to yield farming has grabbed the curiosity of far-sighted investors since it allows users to tokenize and trade future yields. The price of one Pendle (PENDLE) token has risen abruptly post the Binance listing announcement, reaching a recent high of $1.40 as per CMC. PENDLE’s trade volume over this time period skyrocketed to $67M (a 2193 % increase). However, at the time of writing, there was a correction and the price is currently trading at $0.858. Highlighted Crypto News Today: Singapore’s Financial Regulator Mandates Trusts for Crypto Exchanges

By the end of 2023, all crypto trading platforms will have been required to comply. This measure is to protect crypto assets in the case of calamities like the FTX collapse. To safeguard investor funds, the Monetary Authority of Singapore (MAS) is considering mandating that crypto exchanges maintain a dedicated trust. On Monday, the Monetary Authority of Singapore (MAS) allegedly ordered cryptocurrency exchanges in the country to start holding customer funds in trust. By the end of 2023, all crypto trading platforms will have been required to comply with the regulations and relocate their money. This measure is designed to protect crypto assets in the case of calamities like the FTX collapse. Additionally, there is a movement afoot in Singapore to outlaw lending and staking programs for individual investors. The Monetary Authority of Singapore started pondering the matter in October of last year. And they came to the conclusion that further regulation of enterprises that deal with crypto assets was required. Stringent Funds Management The MAS has said that laws cannot always protect investors from losses. Especially when the market has a high-risk and speculative nature. Furthermore, it stressed the need for caution for traders. This shift comes at a time when several countries, including Hong Kong, are working to expand their global clout. Hong Kong is doing everything it can to attract crypto firms. The financial authority has expressed confidence in the digital payment token (DPT) service providers, which is encouraging the safety of consumer funds. The new regulations would mandate that businesses maintain meticulous records and do daily checks on the settlement of their customers’ assets. However, licensed cryptocurrency exchanges are obligated to ensure the segregation of duties between the custodial operation and the rest of the business. Highlighted Crypto News Today: Altcoins are Pumping as Bitcoin Dominance Drops by 2%