Shiba Inu (SHIB) experiences a staggering 1,619% increase in burn rate, resulting in potential price implications. Discover how Shiba Inu’s proactive burn strategy is reducing token supply and driving market interest. Shiba Inu’s rising burn rate sparks positive market behavior, with price and trading volume on the rise. The most recent data on Shiba Inu (SHIB) reveals a substantial surge in the token’s burn rate, indicating a remarkable 1,619% increase compared to the unusually low figures of the previous day. Over the past 24 hours, an impressive 330 million SHIB have been permanently removed from circulation through the burning process, which decreases the total supply. In the case of Shiba Inu, a higher burn rate has a positive impact on the token’s price by reducing the supply and creating a sense of scarcity. If the demand remains steady or increases, it is likely that the price of SHIB will appreciate. This development has coincided with some promising price movements for Shiba Inu. Currently, the meme token is being traded at $0.000008, successfully reaching the 50 exponential moving average (EMA), a commonly used indicator for determining the direction of a trend. Source: Shibburn Shiba Inu price and trading volume on the rise Additionally, the trading volume of SHIB is on the rise, indicating increased trading activity and heightened interest among traders. Adding to the positive market trend is the relative strength index (RSI), a momentum indicator employed to gauge the velocity and scale of price changes. The RSI for SHIB is above 50, suggesting a more bullish market trend for the token. The impressive burn rate and subsequent price reaction demonstrate the proactive measures taken by the Shiba Inu community to control the token supply and indirectly influence its price. The burn strategy can be seen as an effort to create a deflationary effect, counteracting the inflationary pressure caused by the large initial supply of the token. The significant increase in Shiba Inu’s burn rate has resulted in optimistic market behavior, as evidenced by the rising price and trading volume. The token’s performance appears to be responding positively to the token-burning strategy, a trend that, if sustained, could contribute to the long-term value of SHIB.

Over the last month, the coin’s value has climbed by more than 48% as per CMC. In the last few hours, Whale”0x5a80″ has amassed 182,152 $AAVE ($13.2M). While the crypto market is performing relatively dull, the decentralized lending protocol Aave is showing the most promise among altcoins. At the time of writing, the current price of Aave is $75.17, reflecting a meteoric 32.60% increase over the last 24 hours. Over the last month, the coin’s value has climbed by more than 48%, and it has continued to rise. The BlackRock spot Bitcoin ETF filing has brought optimism among investors. Aave is now one of the greatest winners from the recent price increase, and it is attempting to recoup some of the losses it incurred over the last year. Whale Accumulates $13.2M Worth Aave The protocol has increased its level of innovation in relation to its V3 engine, thus it is not hard to imagine that this is what has sparked the surge. Moreover, on-chain data analysis from Lookonchain has linked the sudden rise to a recent whale activity. In the last few hours, Whale”0x5a80″ has amassed 182,152 $AAVE ($13.2M) via several addresses. And it now holds around 399,585 $AAVE ($29M). In addition, Aave has seen a number of enhancements that make the platform easier to use. When compared to other segments like exchanges and memecoins, the market for Aave’s decentralized lending offering is rather uncontested. With its reliability and early-mover advantage, Aave has become a protocol that is relatable for many users since it is one of the first lending platforms in the Decentralized Finance (DeFi) field. The platform has endured, changing along with Ethereum from the Proof-of-Work (PoW) system to the Proof-of-Stake (PoS) system, and staying ahead of the curve by introducing a stablecoin, GHO, and further iterations of its lending infrastructure. Highlighted Crypto News Today: Jim Cramer Clarifies Stance on Crypto: Only Opposes Scam Ventures

The American anchor has changed his mind several times over the years. Cramer used Twitter to clarify that he does not see the digital asset market negatively. “Mad Money” anchor and crypto critic Jim Cramer from CNBC has made it clear that he is “not against crypto,” but is against fraudulent ventures using cryptocurrency. The American, who has changed his mind several times over the years, has made another contentious declaration. The cryptocurrency industry often makes fun of him for giving poor investment advice and inaccurate price forecasts. When bitcoin was trading at $17,000 in December of last year, Cramer urged investors to liquidate their “awful” holdings. Keep in mind that the most valuable cryptocurrency just reached the $30,000 mark. Opposite Forecast Cramer used Twitter to clarify that he does not see the digital asset market negatively. The “BOGUS crypto and outfits” he opposes are those who take money from investors and don’t pay it back. Several hundred people commented on the post, pointing out the significant departure from previous statements by Cramer. He warned investors in September 2022 against becoming involved with virtual currencies, which he termed “speculative assets.” The anchor released another anti-cryptocurrency declaration in December, urging investors to unload their “awful” cryptocurrency holdings. At the start of 2022, he hinted that the bear market for Bitcoin and Ethereum would be coming to an end, setting the stage for a fresh bull run. However, 2022 was a terrible year for the industry as many titans, like FTX and others, collapsed and the price of BTC and ETH plummeted. However, when he advised investors “It’s never too late to sell” in December of last year, the cryptocurrency market began to rise. Bitcoin has seen a price increase of almost 75% since then. Highlighted Crypto News Today: Crypto Wrap of the Week: Traditional Banking Giants Make Crypto Moves

Rothschild asked the Judge to overturn the decision or retry the case, but he refused. In March, Hermes claimed that Rothschild kept selling NFTs even after the ruling. On Friday, a federal court in Manhattan accepted Hermes’ plea to permanently stop the sale of “MetaBirkin” non-fungible tokens by artist Mason Rothschild, after a jury found that the tokens infringed on the French luxury house’s trademark rights in its famous Birkin handbags. U.S. District Judge Jed Rakoff said that a permanent injunction was necessary because continuing to sell the NFTs by Rothschild would likely lead to consumer confusion and irreparable injury to the firm. Rothschild asked the Judge to overturn the decision or retry the case, but he refused. According to the Judge: Banking on Brand Value Moreover, as per the judge, the First Amendment does not provide him with any protection from prosecution for his plan. Last year, Hermes filed a lawsuit against Rothschild for his MetaBirkins, 100 NFTs linked to pictures of the luxury brand’s signature Birkin bags with brightly colored fur. Hermes said that Rothschild was a “digital speculator” and the NFTs were a “get rich quick” scheme that violated its “Birkin” trademark and gave the false outlook that the fashion brand supported the NFTs. In February, the jury rules in favor of Hermes and awarded the firm $133,000. In a March complaint, Hermes claimed that Rothschild kept selling his NFTs even after the ruling. It pleaded with the court to order him to halt and hand over any leftover tokens and profits he had made as a result of the trial. To a significant extent, Rakoff approved Hermes’ request; but, because of an “abundance of caution” on 1st Amendment issues, he did not force Rothschild to transfer the tokens. Highlighted Crypto News Today: Hermès Wins U.S Trademark Lawsuit Against Metabirkin NFTs Artist

The co-founder is suspected of conspiracy to steal billions of dollars from FTX customers. SBF wanted to utilize this evidence to prove that he had sought and followed legal counsel. FTX co-founder Sam Bankman-Fried (SBF) was turned down in his attempt to collect papers from Silicon Valley legal firm Fenwick & West LLP as part of his defense strategy in his continuing federal fraud prosecution. Bankman-Fried wanted to utilize this evidence to prove that he had sought and followed legal counsel. Before participating in the criminal behavior for which he is now being prosecuted. Recently, SBF’s legal team petitioned the presiding court. Asking for permission to subpoena the prosecution for the papers they got from Fenwick & West. U.S. District Judge Lewis Kaplan, however, deemed the motion to be frivolous. Calling it a “fishing expedition” that would not be legal. Common Tactic to Refute Allegations Bankman-Fried’s defense team intended to use an argument that their client had reasonably relied on the counsel of Fenwick & West. According to Bloomberg, this tactic is often used by criminal defendants to refute the prosecution’s allegations of a willful violation. Moreover, Bankman-Fried’s attorneys have contended that the charges against their client center on their use of encrypted messaging apps, multimillion-dollar loans to FTX executives, and failure to comply with United States banking regulations. SBF, who is now undergoing two separate criminal trials, is suspected of masterminding a conspiracy to steal billions of dollars from FTX customers. Allegedly, the money went into things like political contributions, high-risk investments, and lavish lifestyles. There were four significant media houses that argued against keeping FTX customers’ identities secret. Reuters reported on June 23 that the media outlets were appealing Judge Dorsey’s order to keep the identities of FTX clients under wraps. Highlighted Crypto News Today: Power Players Show Interest in FTX 2.0 Amid Crypto Exchange’s Revival Plan

Yuga Labs has announced a new collaboration with Zak Group for the book launch. The book will have “untold stories” related to the project, as promised by Yuga. CryptoPunks, which launched six years ago and sparked the NFT art trend while also serving as a blueprint for several subsequent other initiatives, is publishing its own official book. Yuga Labs, the owner of the CryptoPunks IP, has announced a new collaboration with Zak Group, the design company behind Nike’s and Virgil Abloh’s “Icons” book. The book will “detail every Punk, pixel by pixel,” showcasing the artwork of the 10,000 NFTs and their significant effect since inception. It is scheduled for release this winter. Prominent digital artists and community members will contribute to the book alongside the original founders of the CryptoPunks, Matt Hall and John Watkinson of Larva Labs. Untold Stories Related to Project Yuga Labs has also promised to document the book’s development and include community feedback as it progresses. In addition to material from the official CryptoPunks Discord and Twitter accounts, the book will have “untold stories” related to the project, as promised by Yuga. In 2017, CryptoPunks debuted as a free mint on Ethereum, and the value of pixel PFPs skyrocketed in early 2021 as the NFT market as a whole saw rapid demand. CryptoPunks was released with a predetermined set of 10,000 NFTs, which later served as one of the inspirations for the ERC-721 standard. According to information provided by CryptoSlam, the project has so far produced over $2.1 billion in trade activity, and a single CryptoPunks sold for $23.7 million in 2022. These NFTs are now trading on secondary markets for slightly over $89,000 worth of ETH, down considerably from a “floor price” of over $417,000 in November 2021. Highlighted Crypto News Today: NFT Rug Pull Animoon Being Investigated by French Authorities

BlackRock and Deutsche Bank amplify institutional interest in cryptocurrencies. Bitcoin value rebounds, driven by increasing institutional investments. Traditional finance is progressively embracing digital asset strategies. According to reports, just five years ago, BlackRock CEO Larry Fink was dismissive about the prospect of cryptocurrency investment. In a dramatic turn of events, the world’s largest asset manager now acknowledges the rising appeal of digital currencies. In 2018, Fink claimed his clients had ‘zero interest’ in cryptocurrencies. He even went so far as to suggest that one of crypto’s primary uses was money laundering. Fast forward to 2023, and it seems Fink’s stance has considerably softened. BlackRock, best known for creating, managing, and distributing funds, has recently filed for a local Bitcoin ETF in the US. Interestingly, BlackRock is no stranger to the crypto universe. Per reports, they had teamed up with Coinbase, a top-tier cryptocurrency exchange, just last year. The news added that Coinbase is set to act as a Bitcoin custodian for the iShares Bitcoin Trust if regulatory approval comes through. Bitcoin Rebounds as BlackRock and Deutsche Bank Show Interest Additionally, BlackRock is now working on partnerships with Coinbase and Circle, a digital currency platform. The firm’s crypto strategy focuses on four key aspects: stablecoins, tokenization, permissioned blockchains, and crypto assets. Significantly, Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, recently hit the $30K mark for the second time this year. This development coincided with BlackRock’s filing for Bitcoin ETF applications. Bitcoin’s comeback has also been energized by the news from the EDX cryptocurrency exchange that they will list four tokens – Bitcoin, Ethereum, Bitcoin Cash, and Litecoin – in the United States. However, it’s not just BlackRock showing enthusiasm for digital currencies. The crypto fever seems to be spreading across traditional finance. Deutsche Bank, Germany’s leading financial provider, has also applied for a digital asset custody license in Germany, further legitimizing the crypto market. Consequently, the bank’s application to Germany’s regulatory body, Bafin, seeks permission to operate a custody service for digital assets, including cryptocurrencies. David Lynne, who currently heads the commercial banking unit, unveiled this exciting development recently. Besides, Lynne, who took over the helm a year ago, has propelled the bank towards digital assets. This move aligns seamlessly with Deutsche Bank’s broader strategic plan to bolster its corporate banking sector fee income. Hence, it is clear that as we move into the second half of 2023, traditional finance is increasingly embracing digital currencies. Fink’s changing stance, BlackRock’s ETF application, and Deutsche Bank’s foray into digital asset custody signal a growing institutional interest in cryptocurrency. It will be intriguing to see how these developments shape the future of finance. Highlighted Crypto News Today: Power Players Show Interest in FTX 2.0 Amid Crypto Exchange’s Revival Plan

FTX’s restructuring attracts 363 potential investors, including BlackRock and Nasdaq. Traditional finance firms express interest amidst increasing crypto ventures. Court upholds FTX customer privacy against major media outlets’ appeals. In a dramatic turn of events, FTX, the embattled crypto exchange, has garnered interest from 363 potential investors, including heavyweights like BlackRock, Ripple Labs, and Nasdaq. This development comes as CEO John Ray III moves forward with restructuring plans. Further, these plans fall under the US Bankruptcy Code’s 363 Sale section, which permits the sale of a company’s assets during bankruptcy proceedings. According to reports, the details of interested parties were released on June 22 by Alvarez & Marsal, FTX’s consultant. Other high-profile entities expressing interest include Tribe Capital, Robinhood, NYDIG, Galaxy Digital, and OKCoin. However, it’s crucial to note that this list is not exhaustive, and the sale process is expected to kick off later this year, with the eventual selection of a ‘stalking-horse bidder.’ FTX 2.0 Attracts Traditional Finance Amid Crypto Rush Moreover, firms from traditional finance, often termed ‘TradFi,’ have expressed interest in the revamped FTX 2.0. As part of the revamp, the FTX team, led by Ray, is working on a bid process letter, onboarding market makers, and a relaunch of FTX Japan. Consequently, the potential investment in FTX 2.0 comes when a flurry of TradFi firms are entering the crypto space. Notably, BlackRock has filed for a spot Bitcoin ETF. Concurrently, JPMorgan is rolling out blockchain payments with JPM Coin, while EDX Markets—backed by Citadel Securities, Charles Schwab, and Fidelity Digital Assets—has kicked off crypto trading services. On the same accord, the court’s verdict to uphold FTX customer privacy has met with resistance from four prominent media giants: Bloomberg, The New York Times, Dow Jones & Company, and The Financial Times. Arguing for the public’s right to knowledge, these organizations have challenged the court’s decision. Nevertheless, Judge John Dorsey stood firm on his ruling. He justified the need for confidentiality, underscoring the looming threats of identity theft and fraudulent activities. As the dust settles on the initial announcements, the world watches with bated breath, curious to see the new avatar of FTX 2.0 and its impact on the ever-evolving landscape of cryptocurrency exchanges. Highlighted Crypto News Today: Cardano Founder Denies Rumors of Working Earlier for Ripple

Hoskinson has made it clear that he has never done any kind of work for Ripple. Vitalik Buterin reportedly said in 2013 that he applied to be an intern at Ripple. After publicly criticizing XRP and its community, Cardano founder Charles Hoskinson denies rumors of previously collaborating with Ripple. When the U.S. Securities and Exchange Commission (SEC) classified Cardano as a “Security” being sold via non-compliant crypto exchanges, however, he attempted to make peace with the XRP community. Charles Hoskinson tweeted that he doesn’t understand why people think he interned at Ripple. The founder of Cardano has made it clear that he has never done any kind of work for the blockchain company. But he did make a passing reference to Vitalik Buterin, the creator of Ethereum. He pointed out that he is often mistaken for ETH’s creator. Tough Relationship With Ripple However, Vitalik Buterin reportedly said in 2013 that he applied to be an intern at Ripple. In the same year, he also published an article in which he lauded Ripple. The creator of Ethereum praised Ripple’s accomplishment, saying that the company now has a decentralized mechanism to transmit, receive, and store any currency. Hoskinson had some issues with the XRP community because of the ongoing legal struggle between the community and the SEC over how to classify XRP. After receiving significant criticism, he severed relations with the XRP community and banned multiple accounts on Twitter. Meanwhile, he attempted to mend fences with the XRP community after it was purportedly classified as a “Security” by the SEC. In the last month, the price of Cardano has dropped drastically, by roughly 20%. However, in the last week, it has made a remarkable recovery, recouping most of the damage sustained. Highlighted Crypto News Today: Robinhood Acquires Credit Card Firm X1 for Whopping $95 Million

This week, KT conducted a press conference at the Novotel Ambassador Dongdaemun. The whole industry is expected to be worth a mind-boggling $15.7 trillion by 2030. South Korean telecom giant KT, previously known as Korea Telecom, has announced its intention to spend $5.3 billion (7 trillion won) in AI service research and development spanning over the next five years. Thus, solidifying its position as a forerunner in the area amid the AI industry’s fast expansion. KT plans to guarantee future growth engines and boost its AI competitiveness. By increasing yearly revenues from AI companies to more than 1 trillion won ($764 million) by 2025. This week, KT conducted a press conference at the Novotel Ambassador Dongdaemun in Jung-gu, Seoul. In order to discuss its plans for customer-tailored AI services. Including AI-driven robotics, care, and education, as well as AI contact centers and logistics business. Song Jae-ho, vice president of KT’s AI/DX Convergence Business Division stated: Tough Competition from Tech Giants This plan calls for massive enhancements to its infrastructure, as well as the creation of new “super-giant AI technology” and AI-based enterprises. KT’s AI business will benefit from the company’s efforts to improve its technological prowess and infrastructure in this area. KT has competition in its pursuit of AI industry supremacy. Given that the whole industry is expected to be worth a mind-boggling $15.7 trillion by 2030, it is not surprising that it has drawn investments from some of the most well-known names in international business. Major advancements in AI research are being made by such IT heavyweights as Amazon, Microsoft, and Google to name a few. Highlighted Crypto News Today: Cardano Founder Denies Rumors of Working Earlier for Ripple

Prime Trust allegedly froze all fiat and cryptocurrency deposits and withdrawals. TUSD deviated from its dollar peg in the early hours of June 10. On June 22, TrueUSD tweeted that its TUSD stablecoin has “no exposure” to the ailing Prime Trust, which is allegedly encountering regulatory issues. Prime Trust, located in Nevada, allegedly froze all fiat and cryptocurrency deposits and withdrawals. This was after receiving an order from state financial authorities. Many customers are in a bind as a result of the abrupt move, since their money is virtually trapped. Multiple USD Rails TrueUSD swiftly indicated, in light of the latest developments, that “it is not affected by the situation” at Prime Trust. TrueUSD highlighted its many relationships and “multiple USD rails” it maintained at multiple places. The announcement read: Prime Trust is a digital asset industry service provider that is technology oriented. Its services include a wide range of areas, including token and fiat currency storage, payment processing, AML/KYC compliance, and transaction technology solutions. TUSD deviated from its dollar peg in the early hours of June 10 owing to a short suspension in minting operations enabled by Prime Trust, TUSD’s technological partner. Also, as per data by CMC, the disturbance led TUSD’s value to fall to a record low of $0.9964. TrueUSD claimed it has fixed the issue and assured its customers that other banking relationships for TUSD minting and redemption services were unaffected despite the temporary suspension of the minting process via Prime Trust. Highlighted Crypto News Today: Bitcoin Cash (BCH) Records Jaw-Dropping Increase in Daily Volume

The suspension has ignited speculation and debate among the crypto community. The account holders tweeted about their app violating Twitter Rules as indicated by the Developer Portal. The Shiba Inu Burn Twitter account, known for its active participation in the crypto community, has been unexpectedly suspended. The Shiba Inu Burn Twitter account has become widely recognized and appreciated in the crypto community for its active participation and timely updates regarding the burn rates of the Shiba Inu coin, SHIB. According to their tweet, the account holders are revealing that their app is flagged for breaching Twitter Rules and policies based on the Developer Portal. They further added that they were anticipating an email containing additional details. But it has not received by them yet. The unexpected suspension has sparked intense speculation and deliberation within the crypto community. Numerous individuals voicing concerns over the transparency and consistency of Twitter’s moderation procedures. Seeking support and intervention from prominent figures on Twitter, the Shibburn account tagged both Elon Musk and Linda, drawing attention to their predicament in the hopes of receiving assistance. Also, Twitter has been suspending multiple accounts recently. On June 19, Twitter suspended the account of the popular AI-powered bot “Explain This Bob.” The suspension came after Elon Musk publicly labeled it as a scam crypto account. Highlighted Crypto News Today Shiba Inu (SHIB) Price Prediction 2023

NORDEK, a leading blockchain technology startup, will attend the prestigious Point Zero Forum to demonstrate its ground-breaking blockchain infrastructure for payment processing. NORDEK, with its plethora of revolutionary features, is set to revolutionize payment processing in the digital era. NORDEK is powered by a fast and low-cost EVM-compatible network blockchain. NORDEK Blockchain is a Dpos Blockchain designed specifically for payment solutions, with a focus on payments, gaming, and metaverse modules. NORDEK’s blockchain network enables transactions to be confirmed in seconds rather than minutes. This speed enables frictionless and near-instantaneous payments, improving the entire user experience and allowing real-time transaction settlement. One of the biggest advantages of the blockchain is that it does away with the need for gas fees, which are typical in many blockchain networks. This streamlines and reduces the cost of the payment process, helping businesses and increasing the accessibility of blockchain-based payments for people and small-scale transactions. NORDEK’s blockchain infrastructure is designed to handle high transaction volumes without compromising speed or security. This scalability is crucial for payment processing systems that often need to accommodate a large number of concurrent transactions. The infrastructure supports smart contracts, enabling the automation of payment processes and the creation of programmable money. This capability automates complex payment workflows and reduces manual intervention. NORDEK’s consensus algorithm and decentralized nature provide a high level of security for payment transactions. The infrastructure is designed to be interoperable with other networks and platforms. This allows for seamless integration with existing payment systems, expanding the reach and utility of NORDEK’s blockchain for payment processing. NORDEK is also launching its crypto credit card soon to bring crypto utility for the next billion people. The presale for the card has already been started. “We are thrilled to attend the Point Zero Forum and showcase NORDEK’s revolutionary blockchain infrastructure for payments processing,” stated NORDEK’s VP of APAC Sonny Mohanty. “NORDEK is a game changer in the industry due to our innovative features such as fast transactions, reduced carbon footprint, zero gas fees, scalability, smart contract capabilities, enhanced security, and interoperability.” Protocols using NORDEK streamline their payment operations, cut expenses, and give users a smooth payment experience. NORDEK is poised to revolutionize the future of payment processing with its environmentally friendly approach and cutting-edge technologies. Learn more about NORDEK’s breakthrough blockchain technology for payment processing at the Point Zero Forum exhibit from the 26th-28th of June at The Circle Convention Center at Zurich Airport, Switzerland. About NORDEK NORDEK is a lightspeed blockchain ecosystem for payments and gaming revolutionizing the sustainable adoption of decentralized technologies. By integrating decentralization, scalability, and security, NORDEK empowers developers to create payments and GameFi dApps that are forward-compatible with the future of finance. 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.

Bullish VET price prediction for 2023 is $0.01902 to $0.02463. VeChain (VET) price might reach $0.03 soon. Bearish VET price prediction for 2023 is $0.01154. In this VeChain (VET) price prediction 2023, we will analyze the price patterns of VET by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Current Price $0.01839 24 – Hour Trading Volume $99,613,461 24 – Hour Price Change 1.41% Down Circulating Supply 72,714,516,834 All – Time High $0.2782 (On April 17, 2021) VET Current Market Status (Source: CoinMarketCap) What is VeChain (VET)? VeChain (VET) is the native token operating on the VeChainThor, a public layer-1 blockchain. Initially, VET was launched formerly as VEN, an ERC-20 token, on the Ethereum blockchain. Later in 2018, VEN was swapped onto the VeChainThor blockchain. VeChain is based on a two-token system that hosts the tokens, VET, and VTHO. VET is used as a payment token in the DeFi space whereas the latter serves as the energy token for facilitating the transactions. The blockchain relies on the proof-of-authority (PoA) consensus which demands validators to stake at least 25 million VET at the ‘authority master nodes’ along with providing their real identities. VET has use cases extended over the off-chain markets too. It integrates blockchain-based tracking solutions with the Internet of Things (IoT) deployed in supply chain systems in global enterprises. VeChain (VET) Price Prediction 2023 VeChain (VET) ranks 37th on CoinMarketCap in terms of its market capitalization. The overview of the VeChain price prediction for 2023 is explained below with a daily time frame. VET/USDT Descending Channel Pattern (Source: TradingView) In the above chart, VeChain (VET) laid out a descending channel pattern. Descending channel Pattern also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market. At the time of analysis, the price of VeChain (VET) was recorded at $0.01964. If the pattern trend continues, then the price of VET might reach the resistance levels of $0.01969, $0.02704 and $0.03310. If the trend reverses, then the price of VET may fall to the support of $0.01438. VeChain (VET) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of VeChain (VET) in 2023. VET/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of VeChain (VET) for 2023. Resistance Level 1 $0.01902 Resistance Level 2 $0.02463 Support Level 1 $0.01450 Support Level 2 $0.01154 VET/USDT Resistance and Support Levels As per the above analysis, if Vechain’s (VET) bulls take the lead, then it might hit and break through its resistance level of $0.02463. Conversely, if VeChain’s (VET) bears dominate the trend, the price of VET might plunge to $0.01154. VeChain (VET) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of VeChain (VET) are shown in the chart below. VET/USDT RVOL, MA, RSI (Source: TradingView) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of VeChain (VET) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the VET price lies above 50 MA (short-term), indicating its uptrend. Hence, VET is in a bullish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of VET is at 61.81. Therefore, this indicates VET is neither an overbought nor oversold state. VeChain (VET) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of VeChain (VET) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). VET/USDT ADX, RVI (Source: TradingView) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of VET lies in the range of 53.61 pointing out a strong trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of VET lies above 50, indicating high volatility. Comparison of VET with BTC, ETH Let us now compare the price movements of VeChain (VET) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs VET Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of VET is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of VET also increases or decreases respectively. VeChain (VET) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of VeChain (VET) between 2024 and 2030. VeChain (VET) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then VeChain (VET) might successfully test and surpass its resistance levels to hit $0.1 by 2024. VeChain (VET) Price Prediction 2025 The significant upgrades in the VeChain ecosystem might persuade the entry of an increased number of investors. This may eventually boost the VeChain (VET) price to reach $0.5 by 2025. VeChain (VET) Price Prediction 2026 If VeChain (VET) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $1 VeChain (VET) Price Prediction 2027 If VeChain (VET) sustains major resistance levels and stands as a better investment option in the market, then VET would rally to hit $3 VeChain (VET) Price Prediction 2028 If VeChain (VET) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then VET would hit $5 by 2028. VeChain (VET) Price Prediction 2029 If investors flock in and continue to place their bets on VeChain (VET), then the crypto would witness major spikes. Hence, VET might hit $7 by 2029. VeChain (VET) Price Prediction 2030 By 2030, the VET price might rally to $10 if the trend momentum aligns in favor of VeChain. Furthermore, VET would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If VeChain (VET) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish VeChain (VET) price prediction for 2023 is $0.02463 Comparatively, the bearish VeChain (VET) price prediction for 2023 is $0.01154. If there is a positive elevation in the market momentum and investors’ sentiment, then VeChain (VET) might hit $0.03. Furthermore, with future upgrades and advancements in the VeChain ecosystem, VET might surpass its current all-time high (ATH) of $0.2782 and mark its new ATH. FAQ 1. What is VeChain (VET)? VeChain (VET) is the native token operating on the VeChainThor, a public layer-1 blockchain. It migrated from the Ethereum blockchain to its independent blockchain in 2018. VeChain provides blockchain-based tracking systems to supply chain enterprises. 2. Where can you buy VeChain (VET)? Traders can trade VeChain (VET) on the following cryptocurrency exchanges such as Binance, KuCoin, Bitfinex,Bittrex and Huobi.. 3. Will VeChain (VET) record a new ATH soon? With the ongoing developments and upgrades within the VeChain platform, VeChain (VET) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of VeChain (VET)? VeChain (VET) hit its current all-time high (ATH) of $0.2782 on April 17, 2021. 5. What is the lowest price of VeChain (VET)? According to CoinMarketCap, VET hit its all-time low (ATL) of $0.0016782 On March 13 2021. 6. Will VeChain (VET) hit $0.03? If VeChain (VET) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.03 soon. 7. What will be the VeChain (VET) price by 2024? VeChain (VET) price might reach $0.1 by 2024. 8. What will be the VeChain (VET) price by 2025? VeChain (VET) price might reach $0.5 by 2025. 9. What will be the VeChain (VET) price by 2026? VeChain (VET) price might reach $1 by 2026. 10. What will be the VeChain (VET) price by 2027? VeChain (VET) price might reach $3 by 2027. Top Crypto Predictions Sui (SUI) Price Prediction 2023 Shiba Inu (SHIB) Price Prediction 2023 Terra Classic (LUNC) Price Prediction 2023

X1 announced $50M in monthly volume and $1 billion in annualized spending last year. This is the seventh fintech company Robinhood has purchased in the last four years. By purchasing X1, a company in the credit card industry, for $95 million, Robinhood has made a fresh move to diversify its business portfolio. The financial technology company provides prepaid and one-time use credit cards, as well as an income-based rewards credit card. According to a statement released by Robinhood on June 22, the transaction is “an important step” towards a more intimate connection with its current consumers and should be completed by the end of September. Since Robinhood already provides debit cards, this is just another way for the company to make money. X1 announced $50 million in monthly volume and $1 billion in annualized spending in a press statement dated July 18, 2022. Diversifying Portfolio In comparison to the first quarter of 2022, when Robinhood had 16 million monthly active users, it only had 12 million in the first quarter of this year. The company’s crypto trading division also suffered a year-over-year revenue fall of 30%, from $54 million in Q1 2022 to $38 million in Q1 2023. According to Crunchbase, this is the seventh fintech company Robinhood has purchased in the last four years. MarketSnacks, a daily financial publication, was purchased in 2019, and in 2021 the business made three further acquisitions: the cross-exchange cryptocurrency trading platform Cove Markets, the employment agency Binc, and the shareholders’ platform Say. In April 2022, just before the start of the crypto winter, Robinhood bought the United Kingdom-based startup Ziglu, which dealt in crypto assets. Amid the ongoing regulatory crackdown on the crypto sector around the globe, Robinhood is likely to diversify its portfolio. Highlighted Crypto News Today: Crypto Exchange Mercado Bitcoin Now Part of Brazil’s CBDC Pilot

Mercado Bitcoin has been accepted into the central bank’s selection of 14 participants. In the middle of June 2023, the central bank plans to launch the test program. Two major Brazilian institutions have been given permission by Brazil’s central bank to take part in the pilot of the digital real, the country’s central bank digital currency (CBDC). Consortium members, including the major local bitcoin exchange Mercado Bitcoin and the state-owned bank Caixa, have been granted permission to begin testing the CBDC. The pilot program is currently open to participation from a consortium led by Mercado Bitcoin. It comprises Mastercard, broker Genial, registrar Cerc, and financial software provider Sinqia. Looking Beyond Conventional Players Despite not having a registered banking or payment institution with direct access to Brazil’s national financial network. Mercado Bitcoin has been accepted into the central bank’s selection of 14 participants made in May. On June 2, however, Mercado Bitcoin was granted a license as a payment institution by the central bank and thus ushered in a new era. Moreover, the central bank’s willingness to work with technology-driven enterprises like Mercado Bitcoin to promote financial system innovation is bolstered by the exchange platform’s participation in the pilot program. Mercado Bitcoin’s Director of New Business, Fabricio Tota, voiced his company’s gratitude for the chance. Noting that the central bank’s decision acknowledged the value of collaborating with companies that are already deeply invested in blockchain technology. Rather than depending only on conventional players. Furthermore, in the middle of June 2023, the central bank plans to launch a test program for the digital real. Participants like Mercado Bitcoin and Caixa will help test the issuing of CBDC and treasury bills during this phase. The consortium’s goal is to analyze the distributed ledger technology. That underpins the digital real and analyze its technical elements as well as its governance architecture. Highlighted Crypto News Today: Belgian Authorities Demand Binance To Cease Operations Immediately

Before offering its service to a wider audience, Casa catered only to Bitcoin whales. Its flagship Bitcoin vault has multi-key encryption, offering customers five different keys. Casa, a cryptocurrency self-custody platform, recently added support for Ether storage, claiming this to be a first in the market alongside its support for Bitcoin self-storage. Moreover, Casa has been advocating for multisignature self-custody in the cryptocurrency space since its creation in 2016. Its flagship Bitcoin vault has multi-key encryption, allowing customers to store Bitcoin with a maximum of five different keys. Before offering its service to a wider audience, Casa catered only to Bitcoin “whales” ready to pay $10,000 per year for safekeeping. The firm has introduced an Ether vault, allowing users to protect their ETH with a maximum of five different keys. Ethereum Associated Products Underway Casa’s CEO Nick Neuman claims that, despite the proliferation of hardware wallets, the industry has not yet developed a security solution that supports both Bitcoin and Ethereum on a single platform. Moreover, customers are being consulted on whether or not the company should allow self-custody of non-fungible tokens, stablecoins, and ERC-20 tokens, all of which are associated with Ethereum. Casa’s co-founder and CTO, Jameson Lopp, recently discussed the growing demand in the cryptocurrency world for multisignature ETH self-custody. Many customers have lost access to their ETH and other Ethereum-based stablecoins and ERC tokens, prompting Casa to declare its intention to create an ETH storage option. In 2022, hackers caused havoc in the Web3 domain, stealing billions of dollars using flaws in decentralized financial bridges and smart contracts. When Casa announced support for ETH storage on its platform, Neuman pointed out that numerous attacks had occurred in the space because of improper private key management. Highlighted Crypto News Today: Bitcoin Cash (BCH) Records Jaw-Dropping Increase in Daily Volume

Bitcoin Cash (BCH) hits its 1-year high of $196.71. The trading volume of BCH surged 397% in the last 24 hours. The current Bitcoin ETFs season succeeds in powering the bulls in the crypto market. After a long period of distress, Bitcoin (BTC) climbs up to attain its one-year high at $31K. Aiding BTC, forked cryptocurrencies march in as the top gainers with surprising price rallies. Remarkably, Bitcoin Cash (BCH) surged 30% over the past 24 hours to hit its one-year high. Alongside BCH, Bitcoin SV (BSV) and Ethereum Classic (ETC) spiked with staggering price gains. Seemingly, this is an aftereffect of Citadel-back and Fidelity-backed exchange EDX Markets (EDX) announcing the listing of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and BCH. With this remarkable rally, BCH regained its entry into the top 20 cryptocurrencies by market capitalization. The altcoin jumped 81% in 7 days to reach a market cap of $3.72 billion, breaking its consolidation. What’s Ahead For Bitcoin Cash (BCH)? As per TradingView data, the pair BCH/USDT traded at a new yearly high of $199.5 on the largest crypto exchange Binance. The daily price chart has begun displaying the shift of BCH to a bullish state in the crypto market. Bitcoin Cash (BCH) Daily Price Chart (Source: TradingView) Two metrics — moving average convergence/divergence (MACD) and average direction index (ADX) — confirm the altcoin’s uptrend. The MACD line crossing above the signal line and laying a bullish histogram highlights the trend’s intensity. Additionally, the ADX at 35 denotes that the ongoing trend is strong. While the daily RSI value stood at 86.45 to highlight the movement of BCH in the overbought zone. The 24-hour window also recorded a massive surge in the trading volumes of Bitcoin Cash. According to CoinMarketCap, BCH’s volume soared over 396% to $1,528,388,068. On the other hand, this cryptocurrency also experienced huge liquidations after Bitcoin (BTC) and Ethereum (ETH). Bitcoin Cash (BCH) Liquidations in 24H (Source: Coinglass) In the past 24 hours, investors liquidated over $10.69 million worth of BCH from top crypto exchanges. Notably, $7.27 million worth of trades liquidated were short and $3.42 million were long. Crypto exchange Binance recorded the largest BCH liquidation order — which amounted to $4.31 million. Meanwhile, liquidation of $3.44 million occurred on OKX, $1.94 million on Bybit, and $406.3K on Huobi. Disclaimer: The views expressed in this article are for informational purposes only and do not necessarily reflect the opinions of TheNewsCrypto. The content provided should not be interpreted as investment advice. Highlighted Crypto News Today: Crypto Analyst Reveals Bitcoin Analysis: BTC to Hit $43K

A $50 million settlement with the regulator was reached in February 2022. On May 11th, a federal court authorized BlockFi to refund $297 million to clients. For the time being, Insolvent crypto lender BlockFi will be able to put off paying a $30 million penalty to the U.S. Securities and Exchange Commission. A $50 million settlement with the regulator was reached in February of 2022, and this is the remaining balance. Court documents filed on June 22 indicate that the SEC would postpone its claim against BlockFi. In order to maximize and prevent delays in the release of cash to investors “until payment in full of all other Allowed Claims.” Refund to Creditors Prioritized Due to the firm’s refusal to register its high-yield interest accounts as securities. The SEC initiated enforcement procedures against the crypto lending company in February 2022. As part of the settlement, BlockFi agreed to pay $50 million to the SEC and another $50 million to 32 states in the United States who had lodged identical complaints. The SEC and West Realm Shires Services Inc. (doing business as FTX US), according to court filings, was among BlockFi’s top creditors. Concerns about its financial stability prompted BlockFi to file for Chapter 11 bankruptcy in late November, after the FTX crisis. In its bankruptcy petition, BlockFi said that the company has $256.9 million in funds on hand. On May 11th, a federal court authorized BlockFi to refund $297 million to clients who had funds stored in its Wallet service. Users of BlockFi Interest Accounts (BIA) that were utilized in the company’s lending operation and are part of the bankruptcy estates were not eligible for reimbursement. More than $375 million may be found in BlockFi’s BIA accounts. Highlighted Crypto News Today: Celsius Creditors Blame Wintermute for Assisting Wash Trading

Celsius investors claim assistance of market maker in Wash Trading, Wintermute rejects claims of involvement in improper trading. The bankrupt cryptocurrency lending platform has leveled allegations against Wintermute, a prominent crypto market maker. Claiming that they actively participated in price manipulation of CEL tokens by facilitating “wash trading” in collaboration with Celsius executives. The latest development in the legal proceedings showcases, Celsius creditors amending their lawsuit in the United States District Court of New Jersey. Alleging that Wintermute employed by Celsius executives to engage in improper market trading practices. Wintermute is alleged to have played a purported role in aiding Celsius Network’s CEO, Alex Mashinsky, and other executives in unlawfully manipulating and profiting from unregistered CEL Tokens. These allegations specifically revolve around the practice of illegal wash trading. Reports indicate that the creditors leveled accusations against both Celsius executives and Wintermute, alleging that they acted with “scienter.” This term implies that they possessed knowledge and intent regarding the alleged manipulative acts. The accusations claim that Celsius executives allegedly engaged Wintermute in the activities of “improper market making” for an extended period. Wintermute’s alleged involvement is said to have commenced in March 2021 and persisted until June 2022, aligning with Celsius’s freezing of withdrawals. These claims suggest a sustained period of collaboration between Wintermute and Celsius during a critical phase of the platform’s operations. Highlighted Crypto News Today 2x Bitcoin Strategy ETF (BITX) Becomes First SEC-Approved Leveraged Crypto ETF