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Binance is being investigated for illegal aggravated money laundering and client solicitation. According to CZ, numerous cryptocurrency exchanges in Paris were also investigated. Binance, the biggest cryptocurrency exchange in the world, is now experiencing regulatory uncertainties and legal problems on a global scale. Lately, the Paris prosecutor’s office has allegedly opened an inquiry into the cryptocurrency exchange, prompting a response from the exchange. The Paris prosecutor’s office has announced that Binance is being investigated for illegal aggravated money laundering and client solicitation. The largest cryptocurrency exchanges have reported that officials from the French government have visited their facilities. Binance said that the appropriate French authorities visited their offices last week. It seems the cryptocurrency trading platform cooperated with regulators and did everything by the book. It was also noted that to maintain quality standards, their staff will collaborate closely with French authorities. Referred Rumor as FUD The world’s biggest cryptocurrency exchange has said that they are unable to comment more on the investigation that is currently being carried out by legal authorities at this time. Nevertheless, it emphasized that any requested access to the personal information of its customers will be allowed. The Chief Executive Officer of Binance, Changpeng Zhao, referred to the rumor as “FUD” and said that unannounced on-site inspections of regulated businesses in France are considered to be regular procedures. After that, he made it clear that this is equally applicable to platforms for trading cryptocurrencies as well. He said that a few weeks ago, Binance France was the beneficiary of an unexpected in-person visit and that the interaction was more than accommodating. According to CZ, numerous large cryptocurrency exchanges in Paris were investigated throughout the last week as well. Recommended For You: Binance is Under Money Laundering Probe by French Authorities
 
KuCoin (KCS) is currently consolidating within a Descending Channel Pattern Price action analysis suggests the possibility of a breakout above the 7.460 level KuCoin (KCS) has been experiencing a downtrend since April 2022, but recent price movements suggest the possibility of a breakout. Despite the overall downward trend, KCSUSDT has shown temporary reversals and consolidation phases, indicating potential bullish momentum. More so, the breakout above the current consolidation level could lead to a target price of 12.336, with a suggested stop loss at 6.530 to manage risk. KCS Price Analysis: Current Consolidation and Descending Channel Pattern KCSUSDT is currently consolidating within a Descending Channel Pattern, indicating a period of reassessment by market participants. KCS Price Chart (Source: TradingView) Moreover, the price is approaching a previous low associated with bullish momentum observed in mid-November 2022. This consolidation phase suggests increased trading activity as traders analyze the market dynamics. KCS Price Analysis: Expectations of a Breakout Price action analysis suggests the possibility of a breakout above the 7.460 level. If this breakout occurs, it could trigger a significant price surge in KCSUSDT. Traders can anticipate a target price of 12.336, which may be reached within a maximum of three weeks following the breakout. It is important to note that the timeframe for reaching the target price may vary depending on market conditions and subsequent price movements. To manage risk effectively, it is advisable to set a stop loss at 6.530. This ensures a balanced risk-reward ratio throughout the trading period and helps protect against unexpected price fluctuations. Traders should closely monitor the market and adjust their strategies accordingly to capitalize on potential opportunities arising from the anticipated breakout. All-in-all, the KuCoin has shown signs of bullish momentum and a potential breakout in the short-term outlook. The current consolidation within a Descending Channel Pattern indicates increased trading activity and market reassessment. Furthermore, traders can consider a breakout above 7.460 as a potential trigger for a significant price surge, with a target price of 12.336. Implementing a stop loss at 6.530 is advisable to manage risk effectively. By closely monitoring the market and adjusting strategies accordingly, traders can make informed decisions. In order to capitalize on potential opportunities presented by the anticipated breakout.
 
BCCI restricts crypto and certain platforms for sponsoring cricket teams. Crypto market fall might continue following this crypto barring by BCCI. For the upcoming National Cricket Team’s sponsorship, the Board of Control for Cricket in India (BCCI) has banned certain platforms for its lead. Such platforms include cryptocurrency, betting platforms, tobacco, real-money gaming, and other alcohol brands. For a couple of years, the BCCI has barred crypto sponsorships. Back in 2021, the reports states that the BCCI has asked the Indian Premier League (IPL) teams and media partners to avoid sponsorships from any of the crypto firms. As of today, the BCCI has restricted the tender for the fore-mentioned categories including athleisure wear. The recent press release from the BCCI noted that the tender applications will be considered from platforms like BYJUS, an Ed-Tech which has already participated. Reason Behind The Crypto Barring According to Jay Shah, the Secretary of BCCI, Meanwhile, the prolonged hitch of crypto acceptance keeps continuing since the government isn’t willing to promote crypto investments. Apparently, the alcohol prohibition is never surprising yet the crypto add-on stunts the crypto enthusiasts. Over the last week, the global crypto market is under fall and the crypto firms are struggling on one side. However, this gets added up just like fire fuel. The BCCI authorities opt to consider barring crypto as the FTX and Vauld faced a sudden downfall. Though the Reserve Bank of India prefers to face a concerted strategy on crypto, this decision from the BCCI turns controversial. Hence, the crypto startups stood with pressures geared up for them as the challenges came up. On the other hand, the crypto industry is trembling with a bearish market and after days, the current global crypto market is slightly high by 2.22% comparatively. Recommended For You: Indian Banks Encouraged to Adopt AI and Blockchain for Future
 
PIMCO to pay a fine of $9 million for disclosure of policy and procedure violations. The investment management firm has agreed to pay a combined fine of $9 million. The U.S. Securities and Exchange Commission has continuously taken action against the rapidly evolving crypto industry. Recently, the SEC’s lawsuit against the leading crypto exchanges raised the question among the crypto community of whether the SEC had decided to put an end to the crypto industry in the United States. The SEC’s intensified crackdown on crypto exchanges had an impact on the crypto industry. In the past, the SEC has encouraged industry participants to register their operations, urging compliance and regulation. However, in recent days, the SEC has been totally against the crypto industry. SEC’s Shift Towards Stock Market Sector After filing a lawsuit against the major players in the crypto industry, the SEC is now set to target the stock market sector. Pacific Investment and Management Company (PIMCO) was ordered to pay the SEC $9 million to settle two enforcement actions. On June 16, the SEC ordered PIMCO to pay a fine of $9 million. It is for disclosure of policy and procedure violations involving two funds. In the first enforcement action, the SEC found that from September 2014 to August 2016, the investment management firm PIMCO failed to disclose material information to investors, regarding the use by one of its funds of interest rate swaps and the impact they had on the fund’s dividend. In the second enforcement action, it found that PIMCO failed to waive about $27 million in advisory fees between April 2011 and November 2017. As required by its agreement with the PIMCO All Asset All Authority Fund. PIMCO did not admit or deny the SEC’s findings. Moreover, the investment management firm has agreed to pay a combined fine of $9 million for the two enforcement actions. The SEC continues to identify unregistered tokens or fraudulent vaporware projects one by one. Moreover, it seems to have lost patience and decided that the simpler path is to go after the exchanges and limit retail crypto trading. On the other hand, BRICS nations started implementing crypto adoption.
 
The crypto market has once again witnessed a huge sell-off as regulatory sanctions throw investors into panic mode. Popular meme coin, Shiba Inu (SHIB), has been one of the worst hit by the crypto market downtrend, with its price tumbling by 23.8%. Meanwhile, investors are now closely monitoring the price movements of Tradecurve tokens, TCRV which has been bullish in the past month. The question now is, where will the price of Tradecurve go in the bearish market? Shiba Inu (SHIB) is Price Down 23.8% Following a price jump of 17.3% from its low of $0.00000600 to $0.00000704 on Saturday, Shiba Inu is now facing renewed selling pressure. The negative sentiment surrounding the memecoin is fueled by the ongoing lawsuits against cryptocurrency exchanges and the potential delay of the Shibarium launch. As a result of the prevailing negativity, Shiba Inu’s price witnessed a sharp decline of 23.8% on June 12th, falling to $0.00000602. Currently, according to CoinMarketCap, the price of Shiba Inu (SHIB) stands at $0.000006775907, a 2.70% increase in price over the last 24 hours. Conversely, trading volume on the Shiba Inu blockchain has dropped by 26.40% to $96,718,590 in the last 24 hours. Presently, the decline in the meme coin’s price appears to be limited to the $0.00000640 level, but signs of recovery remain elusive. Meanwhile, the release of U.S. consumer inflation data, scheduled for June 13th, could potentially impact Shiba Inu dynamics. If inflation accelerates, it may exert additional pressure on the token, and bears might test the range of $0.00000620-0.00000600. Conversely, a rebound to the $0.00000700-0.00000730 range is possible in the event of lower inflation. Where Will the Price of Tradecurve (TCRV) Go Next? Despite the prevailing price uncertainty surrounding Shiba Inu, Tradecurve’s utility token, TCRV, has experienced a remarkable surge, rising from $0.01 to $0.015 during the month of May. However, investors are wondering what next. According to experts, the token’s price could surge 50% in the next coming weeks. Several factors could contribute to this impressive price jump, one of them being the utility offered to TCRV holders, including governance rights and staking rewards. A key driver of TCRV’s rise is Tradecurve’s development of a hybrid platform poised to rival centralized exchanges such as OKX and Kraken. This innovative platform aims to combine the advantages of centralized and decentralized exchanges, presenting users with unique benefits from both markets. In addition to this, Tradecurve facilitates the trading of various assets, encompassing commodities, cryptocurrencies, forex, CFDs, and stocks, all within a single account. This approach allows investors to access multiple markets seamlessly through one unified platform. Currently, a TCRV token is valued at a modest $0.015, offering an enticing investment opportunity for those seeking portfolio diversification and asset expansion. The potential for a substantial 100x price surge is also another factor to consider, making this an opportune moment to accumulate the TCRV token. Visit the links to get more information about Tradecurve and the TCRV token: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram
 
Crypto exchange Binance is under French authority’s investigation. Binance withdraws from the Dutch market as regulatory license denied. Binance, the world’s largest cryptocurrency exchange, is encountering a series of challenges and increased legal scrutiny. Following a lawsuit in the United States and a license denial in the Netherlands, the exchange is now under investigation by French authorities for “aggravated money laundering.” This latest occurrence adds to the mounting pressure on Binance. Also, raising concerns about its compliance with regulatory standards and the overall integrity of its operations. According to a recent CoinDesk report, Binance is being investigated for allegedly offering its digital asset services to the public in an illegal manner. Furthermore, the exchange is facing accusations of engaging in acts of aggravated money laundering. These allegations involve competition with investment operations, fund concealment, and the conversion of illicit proceeds. Further, the investigation by French authorities highlights the growing concerns surrounding Binance’s fulfillment of regulatory standards. And its adherence to anti-money laundering measures. As cryptocurrency exchanges face increasing challenges to operate within legal frameworks, this case could have significant implications for Binance and the wider cryptocurrency industry. Recommended for you Court Dismisses SEC’s Request to Freeze Binance U.S Assets
 
Locker Token, an industry leading sports and Web3 platform, is pleased to announce the appointment of former NHL player Rob Schremp, as its Vice President of Global Relations. Schremp’s extensive experience and vision for the evolution of professional sports through Web3 makes him a valuable addition to the team, as the company continues to drive innovation and expand to a global level. Rob Schremp enjoyed a successful career in professional hockey, playing in the National Hockey League (NHL) and various international leagues. Post playing career, Schremp entered the world of Web3 technology by incorporating blockchain solutions and NFTs into hockey training. As the Vice President of Global Relations at Locker Token, Schremp will play a pivotal role in crafting strategic partnerships, identifying new business opportunities, and driving the overall growth of the company on a global scale. – Dennis Schulte – Locker Token Co-Founder In his new role, Schremp will leverage his industry knowledge and connections to build relationships with hockey teams, leagues, players and associations. He will be responsible for pursuing partnerships that will enhance Locker Token’s presence in the sports and Web3 world. “I am extremely excited to be joining the Locker Token Team as the Director of Global Relations for Hockey. Said Rob Schremp. The opportunities that blockchain technology can provide leagues and organizations to engage with their fans and create an amazing experience is something very exciting. We look forward to helping the market tap into the turnkey resources that we can provide. Once implemented, you can look forward to a lot more. More for your fans, more for your athletes and more towards your bottom line”. Rob Schremp’s appointment as Vice President of Global Relations further reinforces Locker Token’s commitment to delivering top-shelf solutions and establishing itself as a key player in the world of Web3 and sports. The addition of Schremp’s expertise and industry insights will fuel expansion efforts, as the company continues to revolutionize the way professional sports operate, with the power of Web3. Media Contact: Company: Locker Token Contact Person: Ben Virgilio Email: [email protected] City: Toronto Country: Canada Website: LockerToken.io 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.
 
LAS VEGAS–(BUSINESS WIRE)–$AP #35_million_raised—BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile” or the “Company”) the company operating the rapidly growing virtual world, BitNile.com (the “Platform”), today announced it has terminated its “at-the-market” (“ATM”) equity program with Ascendiant Capital Markets, LLC, as sales agent (the “Agent”). The Company elected to terminate the ATM because it had achieved its objective of raising capital under the ATM. Through the utilization of the ATM, the Company sold approximately 1,261,000 shares of common stock on a reverse-split-adjusted basis and raised approximately $3.5 million in gross proceeds, or approximately $2.77 per share. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares of the Company’s common stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About BitNile Metaverse, Inc. Founded in 2011, BitNile (Nasdaq: BNMV) owns 100% of BNC, including the BitNile.com metaverse Platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BNC, BitNile also owns three non-core subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) indirectly; 100% of Zest Labs, Inc. directly; and approximately 89% of Agora Digital Holdings Inc. directly. BitNile also owns approximately 70% of White River Energy Corp (OTCQB: WTRV). Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and BitNile will not undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the acceptance of the Platform by individuals, competition with much larger companies operating metaverses and BitNile’s ability to raise capital, investors should review risk factors, that could affect BitNile’s business and financial results which are included in BitNile’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, Forms 10-K, 10-Q and 8-K. All such filings are available at www.sec.gov and on the companies’ websites at www.BitNile.net. Contacts BitNile Investor Contact: [email protected] or 1-800-762-7293
 
Expands Premier National Business Serving Innovation and Technology Companies WEST READING, Pa.–(BUSINESS WIRE)–$CUBI #Hiring–Customers Bancorp (NYSE:CUBI), through its principal subsidiary, Customers Bank (“Customers”), has acquired a $631 million1 venture banking loan portfolio from the FDIC at approximately 85% of book value.1 Separate from the loan pool purchase, Customers has successfully recruited 30 team members from the group that originated these loans to service the venture-backed growth industry from seed-stage through late-stage. The newly recruited team will give clients access to the capital to grow from innovation to maturity and leverage a customized, best-in-class tech platform to support their growth. The team has long-standing relationships with these clients offering them premier end-to-end financial services meeting all of their needs. The addition of these team members creates venture banking client coverage in Austin, the Bay Area, Boston, Southern California, Chicago, Denver, Raleigh/Durham, and Washington, D.C. The new team is expected to be fully onboarded within the next few weeks. “We are excited to welcome our new clients and team members to Customers Bank, a forward-thinking bank with strong risk management,” said Customers Bancorp Chairman and CEO, Jay Sidhu. “This team has deep relationships with their clients over the past two decades. They will enhance our relationship-based banking model focused on serving all banking needs of our clients,” stated Jay Sidhu. The technology and life sciences portfolio will be combined with Customers’ existing Technology and Venture Capital Banking vertical based in Boston. The portfolio of capital call loans to venture capital firms will be combined with Customers’ existing capital call line portfolio in its Fund Finance group based in New York and Chicago. “We are committed to following through on our stated goals of strengthening our deposit franchise, maintaining robust liquidity, moderating balance sheet growth, and improving our capital ratios and margins. This loan pool purchase was extremely attractive to us considering the historical customer deposit to loan ratio in this vertical of over 2 to 1. With the recruitment of this highly experienced team, we are extremely confident in our ability to build primacy of relationships with these new clients and further improve our liquidity profile with the addition of low-cost, core deposits,” said Customers Bank President and CEO Sam Sidhu. “Consistent with our disciplined approach, we will not take concentration risk and believe this transaction will be an excellent addition to further diversify our business model,” concluded Sam Sidhu. Additional detail on the transaction will be provided during Customers Bancorp’s second quarter earnings release and conference call. 1 Subject to customary closing adjustments Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation’s top-performing banking companies with over $21 billion in assets, making it one of the 100 largest bank holding companies in the US. Through its primary subsidiary, Customers Bank, commercial and consumer clients benefit from a full suite of technology-enabled tailored product experience delivered by best-in-class customer service. A pioneer in Banking-as-a-Service and digital banking products, Customers Bank is one of the very few banks that provides a blockchain-based 24/7/365 digital payment solution. In addition to traditional lines such as C&I lending, commercial real estate lending, and multifamily lending, Customers Bank also provides a number of national corporate banking services to Specialty Lending clients. Major accolades include: #34 out of the 100 largest publicly traded banks in 2023 per Forbes; #64 on Fortune Magazine’s 2022 list of the 100 fastest growing companies in America; #6 in top-performing banks with assets between $10 billion and $50 billion in 2021 per American Banker; and #3 top-performing bank with over $10 billion in assets at year-end 2021 per S&P Global S&P Global Market Intelligence. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender. Learn more: www.customersbank.com. “Safe Harbor” Statement In addition to historical information, this press release may contain forward-looking information within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to Customers Bancorp, Inc.’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance, and business. Statements preceded by, followed by, or that include the words “may,” “could,” “should,” “pro forma,” “looking forward,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “project,” or similar expressions generally indicate a forward-looking statement. These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond Customers Bancorp, Inc.’s control). Numerous competitive, economic, regulatory, legal and technological events and factors, among others, could cause Customers Bancorp, Inc.’s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements, including: a continuation of the recent turmoil in the banking industry, responsive measures taken by us and regulatory authorities to mitigate and manage related risks, regulatory actions taken that address related issues and the costs and obligations associated therewith, the impact of COVID-19 and its variants on the U.S. economy and customer behavior, the impact that changes in the economy have on the performance of our loan and lease portfolio, the market value of our investment securities, the continued success and acceptance of our blockchain payments system, the demand for our products and services and the availability of sources of funding; the effects of actions by the federal government, including the Board of Governors of the Federal Reserve System and other government agencies, that affect market interest rates and the money supply; actions that we and our customers take in response to these developments and the effects such actions have on our operations, products, services and customer relationships; higher inflation and its impacts; and the effects of any changes in accounting standards or policies. Customers Bancorp, Inc. cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review Customers Bancorp, Inc.’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K for the year ended December 31, 2022, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K, including any amendments thereto, that update or provide information in addition to the information included in the Form 10-K and Form 10-Q filings, if any. Customers Bancorp, Inc. does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by Customers Bancorp, Inc. or by or on behalf of Customers Bank, except as may be required under applicable law. Contacts David Patti, Communications Director 610-451-9452
 
Tether Treasury mints a staggering 1 billion USDT tokens. USDT depeged from its standard value. Tether, the leading issuer of stablecoins, has recently completed a significant minting process at Tether Treasury. In an effort to replenish its inventory, Tether has minted a whopping 1 billion USDT (equivalent to $1,005,442,500 USD) tokens on the Tron Network. According to Tether CTO Paolo Ardoino, the recent minting of 1 billion USDT is an authorized transaction. Signifying its purpose as inventory for upcoming issuance requests and chain swaps. This means the newly minted tokens are not in circulation yet but are reserved for future use in facilitating transactions and swaps on the Tron Network. Tether (USDT) is a prominent stablecoin in the cryptocurrency market, designed to maintain a 1:1 ratio with the US dollar. It plays a crucial role in providing liquidity and stability within the crypto ecosystem. Recently, USDT has depreciated from its standard value, which creates concern in the crypto community. However, this inventory replenishment by Tether Treasury on the Tron Network underscores the continued demand and utility of USDT in the digital asset space. Also, an authorized transaction paves the way for smooth issuance and trading activities in the future. Recommended for you Tether (USDT) Circulation Reaches All-time High of 83.36 Billion
 
The announcement Thursday caused a nearly 4% increase in SQ. The mobile app will eventually combine third-party exchange partners. On Thursday, Jack Dorsey’s payments firm Block announced the launch of an open beta test for its Bitkey self-custodial Bitcoin wallet. To securely transfer Bitcoin from Coinbase or CashApp to the wallet “without the friction of standard ‘copy and paste,'” the beta already contains unique interfaces with both services. Block, which trades on the NYSE under the symbol SQ, has previously only made its beta accessible to its own workers. The new open beta program will provide the general public with a no-cost opportunity to test the company’s hardware and software. The announcement Thursday caused a nearly 4% increase in SQ. Simplified BTC Transactions The hardware wallet’s beta version will support fundamental operations like sending and receiving BTC and will provide both PIN code and fingerprint identification methods for unlocking the device. The mobile app will eventually combine third-party exchange partners like CashApp and Coinbase to let users purchase Bitcoin straight via the app. Later this year, consumers of both Coinbase One and Bitkey will be able to take advantage of a “joint offer” thanks to Coinbase’s cooperation with Bitkey, as announced by Coinbase. They hope that by including Bitcoin, it will be simpler to transfer to and from local fiat currencies. For quite some time, CashApp has served as a marketplace for Bitcoin purchases; now, the app also supports payment in Bitcoin and the lightning network. While Bitkey’s wallet does handle multi-signature transactions, this feature is limited to the main blockchain. Companies led by Jack Dorsey are still hard at work on Bitcoin infrastructure including mining software and international gateways. This Monday, the Bitcoin network’s devs received $5 million from the billionaire’s relief foundation Start Small. Unlike Ethereum, which Dorsey views as an unregistered security, Bitcoin has a lot more of his backing than other cryptocurrency networks.
 
Reuters reports that massive layoffs have taken place at the company. The SEC has also asked to freeze Binance.US assets, however, the court rejected. After the US SEC filed a complaint against the crypto behemoth Binance.US last week for allegedly breaking federal securities laws, Reuters reports that massive layoffs have taken place at the company. Reuters cites sources saying that since the lawsuit was filed, at least 50 workers have lost their jobs at Binance.US. According to the sources, the company has also laid off workers in the legal, compliance, and risk departments. The sources have asked to remain anonymous since this is a sensitive topic. The Securities and Exchange Commission (SEC) filed a complaint against Binance and its CEO Changpeng Zhao on June 5 for allegedly engaging in “web of deception” to circumvent securities regulations. Binance, though, has promised to “vigorously” defend itself. The SEC has also asked the court to freeze Binance US assets. The court, however, said earlier this week that a settlement between the parties would be in their best interests. Robinhood Likely Gains It has also come to light that a large number of retail crypto traders have recently migrated away from the cryptocurrency exchange Coinbase and over to Robinhood. Mizuho Securities analyst Dan Dolev claims that Coinbase may be losing ground to Robinhood in terms of retail crypto transaction volume. Dolev argued that the rise in Coinbase’s retail trading fees for low-value items and the SEC’s measures against cryptocurrencies were not the only possible explanations for the drop. Coinbase (COIN) shares fell by 5.5% on Thursday, following the trend of other cryptocurrency-related firms. The initial decrease was mitigated, however, maintaining a somewhat stable stock price. Despite this, Coinbase’s stock price has risen by around 50% so far in the year 2023. Recommended For You: Court Orders Extradition of Do Kwon to South Korea Post Bail Approval
 
Memecoins exhibit resilience, outperforming major players in a turbulent market. PEPE surges by 11.73 % in just 24 h. Rebound from the downtrend hints potential bull run. In a tumultuous second quarter of 2023, the cryptocurrency market was battered by a regulatory storm and plummeting prices. Yesterday, the overall market capitalization was down by 3.81%. Amidst this storm, meme-inspired cryptocurrencies have displayed remarkable resilience, outperforming major players like Bitcoin and Ethereum. Shiba Inu, Pepe, and Dogecoin have emerged as leaders in the rebound game. In the midst of price fluctuations, investors eagerly anticipated a ray of hope amid the prevailing chaos. While certain investors sought refuge in stablecoins, memecoins stole the spotlight. A couple of days ago, we alluded to the possibility of memecoins mounting an impressive resurgence and potentially triggering a bull run. Today, that forecast appears to be materializing. Shiba Inu (SHIB) Despite the market’s volatility, Shiba Inu has shown remarkable resilience, experiencing a 2.32% increase in price in the last 24 hours. The strong recovery of Shiba Inu can be attributed to its devoted dog community and the updates surrounding Shibarium. With anticipated future developments, the potential for another bull run in the future is promising. According to CoinMarketCap, the current price of the SHIB is $0.000006768. SHIB 24H Price Chart (Source: CoinMarketCap) Pepe (PEPE) Pepe wins the recovery game, having faced a downtrend of 13.61% over the past week. However, in just 24 hours, it surged by 11.73%, nearly equivalent to its week-long decline. Increased interest from meme enthusiasts and cryptocurrency traders has propelled Pepe’s price surge. With a 78.68% increase in trading volume over the past 24 hours, reaching $235,504,948.Pepe’s future outlook appears promising. According to CoinMarketCap, the current price of the Pepe is $0.000000943. PEPE 24H Price Chart (Source: CoinMarketCap) Dogecoin (DOGE) The elder sibling, Dogecoin, has also showcased its resilience, posing gains of 2.6%. It is worth noting that Dogecoin’s price climbed following suspicious whale transactions. Speculation has arisen regarding the involvement of a single whale or group of whales due to large transactions involving the same sending and receiving addresses. Regardless of this speculation, Dogecoin’s ability to rebound amidst market challenges demonstrates its enduring appeal. According to CoinMarketCap, the current price of the DOGE is $0.06172. DOGE 24H Price Chart (Source: CoinMarketCap) As the crypto market remains volatile, the community continues to question the sustainability of the memecoin hype. Nevertheless, the recent Shiba Inu Pepe and Dogecoin rebounds suggest the potential for future growth in the memecoin space which could possibly be a bull run. Do you also anticipate a memecoin bull run? Recommended For You Dogecoin (DOGE) Price Prediction 2023 Pepe (PEPE) Price Prediction 2023 Shiba Inu (SHIB) Price Prediction 2023
 
Blackrock has applied to create a spot Bitcoin ETF on Thursday. The SEC has not given the go-ahead for a spot bitcoin ETF to launch in the U.S as of yet. After a rough couple of weeks, the cryptocurrency market is starting to trend upward again. After the interest rate decision by the U.S. Federal Reserve, the price of Bitcoin dropped below $25,000. The statements made by Fed Chair Jerome Powell prompted the sell-off, even though a halt to rate rises was good news for risk assets like BTC. Given Powell’s hawkish comments, the pause in interest rate rises is likely to be short-lived. However, investors were hopeful that rising rates were coming to a halt. However, the Fed remains dedicated to its goal of 2% inflation. Bitcoin’s price, which took a hit following the Fed statement, is back up to $25,500 on Friday after finding support around $24,700 and is up 2.48% in the last 24 hours. Waiting for Approval from SEC Several variables, including extreme oversold circumstances, have contributed to the recent rise in BTC prices. However, the report that Blackrock has applied to create a spot Bitcoin ETF may be the most important factor. The world’s largest asset manager, Blackrock, took the first step toward securing one of the most sought-after crypto regulatory permits on Thursday. The business has submitted paperwork to the SEC in preparation for the launch of iShares Bitcoin Trust. In the event that the ETF is approved, it will provide investors with a method to obtain exposure to the cryptocurrency market via a product offered by a major financial services firm on Wall Street. Bitcoin advocate Mike Novogratz of Galaxy Digital tweeted about the significance of this approval would begin to BTC. The SEC has not given the go-ahead for a spot bitcoin ETF to launch in the United States as of yet. It is embroiled in a court battle with Grayscale over the latter’s attempt to transform its Grayscale Bitcoin Trust into an exchange-traded fund. This disagreement is expected to be settled later this year.
 
LONDON–(BUSINESS WIRE)–Quant, the blockchain for finance pioneer, today announced its role as part of the vendor team for Project Rosalind. The project, led by the Bank for International Settlements and Bank of England, explored how application programming interfaces could be used for central bank digital currency systems. Project Rosalind, directed by the BIS Innovation Hub London Centre, has been testing how APIs could facilitate retail payments in CBDCs and support the exploration of innovative CBDC use cases. The project looked specifically at a public-private sector collaboration model in which the public sector would provide core infrastructure, and the private sector would produce consumer-facing applications. Collaborating with many participants in the ecosystem, the project has proven that APIs could play a key role in enabling CBDC systems to deliver a range of benefits in terms of payments functionality and security. Another important outcome was innovation through exploring use cases – a world-first – that tested how CBDCs could support a more digitalised economy in the future. Quant has contributed to the work in designing and developing API functionalities to support innovation and to enable private sector programmability. Quant partnered with UST, a leading digital transformation company, on the project, with Quant providing the underlying infrastructure and blockchain platform, secure smart contracts and interoperability of central bank ledgers, and UST building the frontend Rosalind API layer. Gilbert Verdian, Founder and CEO of Quant, said: “For the first time money is ready for the digital age. A CBDC will enable citizens and businesses to automate cumbersome payments and processes and implement logic into money. For commercial banks and other institutions, the opportunity to apply this programmability to create innovative new products that differentiate themselves from challengers and competitors is almost endless. We encourage every bank and financial institution to read the Project Rosalind report and start planning their smart money infrastructure strategy.” The London Innovation Hub Centre was established by Switzerland-headquartered BIS in 2021 and is one of six international nodes working to develop public goods in the technology space to support central banks and improve the functioning of the financial system. About Quant Quant is the foundation of the blockchain economy. Assets of all kinds, from currencies to carbon credits, are being tokenised on blockchain, making their ownership immutable, their provenance traceable and their use easy to manage. Our patent-pending technology makes this simple, trusted and future-proof. We work with financial institutions and other enterprises to dramatically reduce their time-to-market, create new revenue lines, and mitigate risk by delivering enterprise-grade solutions built with security and compliance front of mind. Founded in 2018, Quant is UK-based with a US presence. We spearheaded the Blockchain ISO Standard TC307 adopted by 57 countries and solved interoperability with the creation of the world’s first interoperable blockchain platform, Overledger. To find out more, visit quant.network. Contacts Media contact Andrew Carrier Chief Marketing Officer Quant [email protected] @andrewcarrier
 
Ault Alliance will Distribute 40 Shares of Common Stock and Warrants to Purchase 40 Shares of Common Stock of Imperalis Holding Corp., with a Record Date of June 26, 2023 LAS VEGAS–(BUSINESS WIRE)–$AGREE #AGREE—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, (“Ault Alliance” or the “Company”), hereby announces an update on its distribution (the “Initial Distribution”) related to securities of Imperalis Holding Corp. (OTC: IMHC), d/b/a TurnOnGreen, Inc. (“TurnOnGreen”). In the Initial Distribution, stockholders of the Company will receive forty (40) shares of TurnOnGreen common stock and warrants to purchase forty (40) shares of TurnOnGreen common stock (the “TOG Securities”) for each share of common stock of the Company that they own on the record date. Based on yesterday’s closing price, the market value of only the forty (40) shares of TurnOnGreen common stock would result in a dividend of $2.12 per share. The record date for the Initial Distribution has been set for June 26, 2023. Stockholders who own the Company’s stock on that date will be eligible to receive the TOG Securities. Further, the Company has set a payment date of no later than July 10, 2023, subject to adjustment. The Company is committed to providing this Initial Distribution, as well as the Subsequent Distribution discussed below, to its stockholders as a way to show its appreciation for their continued support. Certain terms of the Initial Distribution, including the timing of the issuance of the warrants, and the exercise price of the warrants, are not provided within this press release. Stockholders should refer to the Company’s official announcements or consult with their financial advisors for more information about the specifics of the Distribution. Once the Initial Distribution has been made, the Company will set a record date and payment date for the subsequent distribution (the “Subsequent Distribution” and with the Initial Distribution, the “Distribution”) that the Company presently expects will, with the Initial Distribution, constitute an aggregate of 140 million shares of TurnOnGreen common stock and warrants to purchase 140 million shares of TurnOnGreen common stock. The registration statement related to the Distribution has been declared effective by the Securities and Exchange Commission. “We are thrilled to be able to offer this special dividend to our loyal shareholders,” said Milton “Todd” Ault, III, the Executive Chairman of Ault Alliance. “Completion of this special dividend has proven difficult, in part given the relatively similar market capitalizations of the Company and TurnOnGreen, which caused a delay in the Distribution and led to our decision to complete the Distribution in tranches. However, the effectiveness of the registration statement is a confirmation of our commitment to delivering value to our stockholders, and we hope that they will find this dividend to be a valuable addition to their investment portfolio.” This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to buy shares of the Company’s common stock or any other securities of the Company. The Initial Distribution is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. Any distribution of the shares of TurnOnGreen common stock and warrants will be made only by means of the applicable registration statement and the prospectus included therein. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at https://www.ault.com/ or available at https://www.sec.gov/. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; https://www.ault.com/. About Imperalis Holding Corp. TurnOnGreen designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets that TurnOnGreen serve include defense and aerospace, medical and healthcare, industrial, telecommunications, and e-Mobility. TurnOnGreen brings decades of experience to every project, working with its clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located in Milpitas, CA; www.TurnOnGreen.com Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at https://www.sec.gov/ and on the Company’s website at https://www.ault.com/. Contacts [email protected] or 1-888-753-2235
 
The warning letter was sent to OKCoin’s CEO Hong Fang by FDIC. The agency has a set of rules that the crypto firms should implement. The FDIC has warned the California-based cryptocurrency exchange OKCoin USA Inc., which is affiliated with the OKX, to avoid exploiting the FDIC’s name to strengthen its validity. The letter, sent to OKCoin’s CEO Hong Fang, raised concerns that the platform may be in breach of the FDIA’s Section 18(a)(4). Moreover, any advertising or other written materials implying that an uninsured or possibly uninsured deposit is protected by the FDIC are in violation of this provision of the FDIA. The FDIC has now officially announced that insurance is not available in the case of OKCoin. The authorities stated: Comprehensive Set of Rules The FDIC claims that on three different instances, including a tweet that has since been removed, an OKCoin executive falsely represented that customers’ savings were protected by the FDIC. Nonetheless, OKCoin’s promotional blog article still includes the FDIC insurance claim. The Federal Deposit Insurance Corporation (FDIC) has issued a warning to crypto companies before about the dangers of claiming an endorsement from them. During the preceding year, letters of a similar kind were delivered to five other exchanges, including FTX and Voyager Digital. When it comes to dealing with the FDIC, the agency has developed a comprehensive set of rules that the cryptocurrency business should implement. Recommended For You: Galaxy Digital’s Mike Novogratz Backs Blackrock’s Spot Bitcoin ETF
 
Binance exits the Dutch market after failing to secure a regulatory license. Dutch users urged to withdraw assets as Binance departs the Netherlands Binance, the world’s largest cryptocurrency exchange, is withdrawing from the Netherlands following its unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator. The license would have certified it’s compliance with anti-money laundering (AML) guidelines. Starting from July 17, 2023, Dutch residents will only be able to withdraw their funds from the platform. There will be no further trading, deposits, or purchases permitted. Europe has generally embraced cryptocurrency exchanges and their AML efforts. But Binance‘s application process in the Netherlands did not result in the desired license. The exchange remains AML-compliant in several other European countries, including France, Italy, Spain, Poland, Sweden, and Lithuania. Binance recently announced plans to leave Cyprus in order to focus on achieving full compliance with the new European Union crypto-assets regulations (MiCA). Binance expressed its disappointment at leaving the Dutch market. And assured existing Dutch users that they will receive detailed information about their accounts and the necessary steps to be taken. The exchange intends to continue engaging with Dutch regulators in hopes of finding a future resolution.
 
Bullish ARB price prediction for 2023 is $1.0624 to $1.2819. Arbitrum (ARB) price might reach $2 soon. Bearish ARB price prediction for 2023 is $0.7352. In this Arbitrum (ARB) price prediction 2023, we will analyze the price patterns of ARB by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Arbitrum (ARB) Current Market Status Current Price $0.9532 24 – Hour Trading Volume $150M 24 – Hour Price Change 3.58% up Circulating Supply 1,275,000,000 All – Time High $11.80 (On March 23, 2023) ARB Current Market Status (Source: CoinMarketCap) What is Arbitrum (ARB)? Arbitrum is a new layer-2 scaling solution for the Ethereum blockchain developed by a New York-based company known as Off-chain Labs. Layer-2 scaling solutions are networks that sit on top of layer-1 blockchains to provide cheap and fast transactions. They reduce the congestion on the main blockchain by validating transactions separately and integrating them into the main chain. After its mainnet launch last year, Arbitrum’s scaling solution has seen a lot of success. As a result of this, several developers have used Arbitrum’s solutions to host their dApps. Arbitrum also supports integration with the Ethereum Virtual Machine (EVM), making it easy for developers. Arbitrum (ARB) Price Prediction 2023 Arbitrum (ARB) ranks 36th on CoinMarketCap in terms of its market capitalization. The overview of the Arbitrum price prediction for 2023 is explained below with a daily time frame. ARB/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Arbitrum (ARB) laid out a descending channel 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 parallel downward. This pattern is the characteristic of a bearish market. At the time of analysis, the price of Arbitrum (ARB) was recorded at $1.14. If the pattern trend continues, then the price of ARB might reach the resistance levels of $1.2631 and $1.1492. If the trend reverses, then the price of ARB may fall to the support of $0.7596, & $8935. Arbitrum (ARB) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Arbitrum (ARB) in 2023. ARB/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 Arbitrum (ARB) for 2023. Resistance Level 1 $1.0624 Resistance Level 2 $1.2819 Support Level 1 $09080 Support Level 2 $0.7352 ARB Resistance & Support Level As per the above analysis, if Arbitrum’s (ARB) bulls take the lead, then it might hit and break through its resistance level of $1.2819. Conversely, if Arbitrum’s (ARB) bears dominate the trend, the price of ARB might plunge to $0.7352. Arbitrum (ARB) 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 Arbitrum (ARB) are shown in the chart below. ARB/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 Arbitrum (ARB) 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 ARB price lies below 50 MA (short-term), indicating its downward. Hence, ARB is in a bearish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of ARB is at 42.57. Therefore, this indicates ARB is neither an overbought nor an oversold state. Arbitrum (ARB) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Arbitrum (ARB) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). ARB/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 ARB lies in the range of 32.9088 pointing out a weak trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of ARB lies above 50, indicating high volatility. Comparison of ARB with BTC, ETH Let us now compare the price movements of Arbitrum (ARB) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs ARB Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of ARB is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ARB also increases or decreases respectively. Arbitrum (ARB) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Arbitrum (ARB) between 2024 and 2030. Arbitrum (ARB) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Arbitrum (ARB) might successfully test and surpass its resistance levels to hit $2 by 2024. Arbitrum (ARB) Price Prediction 2025 The significant upgrades in the Arbitrum ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Arbitrum (ARB) price to reach $3 by 2025. Arbitrum (ARB) Price Prediction 2026 If Arbitrum (ARB) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $5 Arbitrum (ARB) Price Prediction 2027 If Arbitrum (ARB) sustains major resistance levels and stands as a better investment option in the market, then ARB would rally to hit $7 Arbitrum (ARB) Price Prediction 2028 If Arbitrum (ARB) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then ARB would hit $9 by 2028. Arbitrum (ARB) Price Prediction 2029 If investors flock in and continue to place their bets on Arbitrum (ARB), then the crypto would witness major spikes. Hence, ARB might hit $11 by 2029. Arbitrum (ARB) Price Prediction 2030 By 2030, the ARB price might rally to $13 if the trend momentum aligns in favor of Arbitrum. Furthermore, ARB would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Arbitrum (ARB) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Arbitrum (ARB) price prediction for 2023 is $1.2819. Comparatively, the bearish Arbitrum (ARB) price prediction for 2023 is $07352. If there is a positive elevation in the market momentum and investors’ sentiment, then Arbitrum (ARB) might hit $2. Furthermore, with future upgrades and advancements in the Arbitrum ecosystem, ARB might surpass its current all-time high (ATH) of $11.80 and mark its new ATH. FAQ 1. What is Arbitrum (ARB)? Arbitrum is a new layer-2 scaling solution for the Ethereum blockchain developed by a new york based company known as Off-chain Labs. 2. Where can you buy Arbitrum (ARB)? Traders can trade Arbitrum (ARB) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, Bybit, and CoinW. 3. Will Arbitrum (ARB) record a new ATH soon? With the ongoing developments and upgrades within the Arbitrum platform, Arbitrum (ARB) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Arbitrum (ARB)? Arbitrum (ARB) hit its current all-time high (ATH) of $11.80 on March 23, 2023. 5. What is the lowest price of Arbitrum (ARB)? According to CoinMarketCap, ARB hit its all-time low (ATL) of $1.1045 On March 23, 2023 6. Will Arbitrum (ARB) hit $2? If Arbitrum (ARB) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon. 7. What will be the Arbitrum (ARB) price by 2024? Arbitrum (ARB) price might reach $2 by 2024. 8. What will be the Arbitrum (ARB) price by 2025? Arbitrum (ARB) price might reach $3 by 2025. 9. What will be the Arbitrum (ARB) price by 2026? Arbitrum (ARB) price might reach $5 by 2026. 10. What will be the Arbitrum (ARB) price by 2027? Arbitrum (ARB) price might reach $7 by 2027. Top Crypto Predictions Uniswap (UNI) Price Prediction 2023 Ripple (XRP) Price Prediction 2023 Dogecoin (DOGE) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
 
PEPE delisting on Flexible Loan platform commences June 21, 2023, 08:00. PEPE has decreased by 13.9% over the past week. The world-renowned cryptocurrency exchange Binance has decided to delist PEPE as a borrowable asset on its Flexible Loan platform. As per Binance’s official statement, starting from June 21, 2023, at 08:00 (UTC), users will lose the ability to borrow PEPE on the Flexible Loan platform, in line with the delisting announcement. Users are strongly urged to repay any existing loans before the specified deadline to prevent potential liquidation. Failure to do so may result in a 2% liquidation fee in relevant cases. PEPE is currently at $0.0000009330, accompanied by a significant 24-hour trading volume of $124,571,722. Over the past day, PEPE has shown a notable 7.14% increase. PEPE price chart (source: TradingView) Albeit, The coin’s value has dropped by 13.9% over the past week, posing challenges for investors. Binance’s listing announcement on May 5, 2023, propelled Pepecoin to new heights, hitting an all-time high of $0.000004354 per coin. This remarkable achievement drew significant interest from investors and enthusiasts, showcasing the immense potential of cryptocurrency. Binance Flexible Loan enforces repayment exclusively in the borrowed cryptocurrency. Hence, users are advises to have the required PEPE funds readily available to fulfill their loan repayment obligations promptly. Recommended For You: Pepe (PEPE) Price Prediction 2023 Binance Coin (BNB) Price Prediction 2023
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