Polkadot (DOT) has enjoyed a successful three-week period, with bullish investors maintaining their position at the forefront despite fluctuations in the market. In addition, the recent legal victory of Ripple against the US Securities and Exchange Commission triggered a positive response across the entire market, benefiting not only significant cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) but also altcoins in general. Nevertheless, it is essential to note that Bitcoin and Ether experienced notable downward corrections in the short term after they attempted to surge higher last week. As a result, there might be some selling pressure soon for these leading cryptocurrencies, which could potentially harm the price of DOT. Given this scenario, how can DOT bulls regain control and overcome a potential market correction? DOT Price Update: Minor Dip, But Open Interest Improves The latest update on DOT’s price from CoinGecko shows that it currently stands at $5.30. While the cryptocurrency experienced a slight decline of 1.7% over the past 24 hours, it still managed to maintain a seven-day rally of 4.8%. However, a closer analysis of the DOT price report shows some concerning indicators. According to a report, by mid-June, the Open Interest had significantly diminished compared to its April levels, signaling a bearish sentiment. However, as the month advanced, a reversal in this trend emerged. Related Reading: Shiba Inu Encounters Familiar Resistance, Prompting Concerns About Bull Run The declining Open Interest in April, which refers to the number of open contracts in the market, served as an early indicator that hinted at the forthcoming bearish sentiment. As traders and investors reduced their positions and interest waned, it reflected a growing caution and skepticism in the market. This downward trend in Open Interest implied a decrease in market participation and a potential lack of confidence in the prevailing bullish trends. Related Reading: USTC Surprises With Nearly 60% Rally – What’s Going On? However, as June unfolded, a gradual and encouraging shift in market sentiment began to take shape. Market participants started to exhibit a more optimistic outlook, which was reflected in the increasing Open Interest. This surge in OI suggested renewed interest and activity, as traders and investors re-entered the market and established new positions. Polkadot Potential Rebound Tied To Bitcoin’s Resilience On the other hand, if BTC can stabilize or even climb back above $31,000, DOT will likely follow suit. The correlation between BTC and altcoins like DOT has been a well-established trend in the cryptocurrency market. BTC, the dominant cryptocurrency and a significant influencer of market sentiment, often sets the tone for the overall market direction. If Bitcoin regains stability and exhibits a bullish move, it tends to ignite a favorable view among traders and investors. This positive sentiment, in turn, could extend to altcoins like DOT. Therefore, for DOT bulls looking to reclaim their yard and counteract the potential negative impact of a market correction, monitoring BTC’s performance closely becomes crucial. If Bitcoin can stabilize or, ideally, recover above the significant resistance level of $31k, it would likely create a favorable environment for DOT to regain momentum. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from VOA News

The Shiba Inu (SHIB) burn rate surged by over 6500% in the past 24 hours. Over the past week, the Shiba ecosystem recorded a burn of nearly 1 billion. While the Shiba Inu (SHIB) army awaits the upcoming launch of Shibarium in August, the past week proved favorable for the memecoin. Around 1 billion SHIB tokens were burned in the last 7 days, as per the Shibburn portal. Over the past week, an astounding 915,371,832 SHIB tokens have been burned in 139 transactions. This massive burn rate represents approximately 1 billion SHIB tokens removed from circulation, indicating a strong commitment to reducing the token supply. Highlights of Shiba Inu (SHIB) Following the 1 billion SHIB burn, the daily burn rate soared to new heights. In the last 24 hours, a total of 82,001,708 SHIB tokens were burned in just seven transactions, which surged more than 6546%. This indicated potential fluctuations in the pattern of the Shiba Inu token burn. Shiba Inu (SHIB) Burn Rate (Source: Shibburn) In addition, the largest SHIB whale, which had been dormant for 610 days, reawakened on July 13. This giant whale made a momentous move by transferring 4 trillion SHIB tokens, worth $29.8 million, to eight newly-created addresses. Markedly, this holder held 10.15% of the token’s total supply. This significant transfer emphasized the whale’s influence within the community and highlighted the involvement of large holders in the project’s journey. A series of events — noteworthy surges in token burns, the re-emergence of a giant SHIB whale, and the impending Shibarium launch — keeps the Shiba community on the edge of their seats to witness the next chapter in the project’s evolution. However, the daily trading volume of SHIB registered a drop of 32.84% in the last 24 hours. At the time of writing, according to CoinMarketCap, the Shiba Inu price was at $0.000007887, 2.31% down over the last 24 hours. Highlighted Crypto News Today: Price Volatility Looms for Shiba Inu as Trillions of SHIB Consolidate in a Sell Wall

Dubai, United Arab Emirates, July 17th, 2023, Chainwire Delegated proof-of-stake blockchain Kalima has entered into an agreement with ABO Digital, a private alternative funding group based in the Bahamas and Dubai. This significant partnership involves a commitment of US$10 million into the French-based blockchain company. Kalima has also released details of its KLX token sale. Kalima is a rapidly growing ecosystem that allows businesses, developers, and startups to build web3 enterprise and data governance applications, with a focus on IoT (Internet of Things) data in order to solve real-world problems. The Kalima team has also announced a 24-hour private sale of its KLX token on Pinksale. The event will provisionally take place on July 19. A general purpose utility token, KLX can be used to pay for transactions and access blockchain services on the Kalima protocol. To support the growth of the KLX token, on July 10 Kalima Blockchain Governance created several proposals. These include bridging the KLX token from Polygon to the Ethereum network and proposing the 24-hour token sale on Pinksale. Following completion of the private sale event, KLX will be made available for trading on Uniswap, where a KLX-ETH pair will be established. The primary objective of the private sale, which will have a hard cap of 300 ETH, is to create a sufficiently deep liquidity pool on Uniswap. The Uniswap listing of the KLX token is planned for July 21. About Kalima Kalima is a low-consumption layer one blockchain for enterprises and IoT. It provides an interconnected blockchain for achieving decentralization and increasing scalability, adopting a framework popularized by blockchains such as Cosmos and Polkadot. Kalima can be embedded into very small IoT devices and allows AI inferences to be executed at the network’s edge using its native smart contracts. About ABO Digital ABO Digital is an investment firm providing alternative financing solutions to cryptocurrency projects around the world. As part of the Alpha Blue Ocean group, which has executed more than $2B in financing commitments for publicly listed companies since its inception in 2017, ABO Digital brings institutional-grade expertise and flexible financing solutions for blockchain developers worldwide. Contact Head of PR Yousef Batter White Label Strategy [email protected] +971559356531

BitGet also has lately announced support for multiple deposit addresses similar to this. Up to twenty deposit addresses per network are available to users at this time. A new feature that will enable customers to obtain several deposit addresses for a single network has been unveiled by Binance. At launch, it supports ERC20 tokens issued on the Ethereum network as well as tokens issued on Ethereum-compatible networks such as Arbitrum One and BNB Smart Chain. In the long run, additional blockchains will be supported by this feature. In response to customer requests, Binance has added the ability to create numerous deposit addresses for a single network. The goal of this upgrade is to both provide for “airdrop hunters” and improve the security of users’ privacy. BitGet, another cryptocurrency exchange, and others have lately announced support for multiple deposit addresses similar to this. Support for More Blockchains Underway Additionally, Binance has included a deposit address book feature. Users may benefit from more financial mobility thanks to this function’s facilitation of the effective organization and maintenance of several deposit addresses. To begin, there are a variety of Ethereum (ERC20) and Ethereum-compatible alternative networks from which users may obtain deposit addresses for tokens. In the future, Binance hopes to provide support for other blockchains. Up to twenty deposit addresses per network are available to users at this time. The “Deposit Crypto” tab of Binance’s website is where users can begin things rolling. Users on a mobile device can also get to this function by going to the Binance app and clicking the “Deposit” button there. Users may then pick their preferred network to get a complete directory of deposit addresses. From this screen, they may add a new deposit address or make changes to their existing list of deposit addresses. Users may start making deposits when they’ve chosen a deposit address. Highlighted Crypto News Today: Litecoin (LTC) Makes Waves: Historic Milestone Reached Amidst Halving Event Hype

Telegram Wallet Pay enables merchants to accept BTC, USDT, and TON. 2 million Telegram members onboarded as users of its Wallet services to date. Telegram introduced Wallet Pay on Thursday, enabling merchants to accept cryptocurrency payments directly via the messaging app. This latest innovation has garnered great attention from market analysts as it simplifies crypto payments within chats by bots. Telegram Wallet Pay: What Crypto Market Should Expect? Telegram’s Wallet Pay currently offers support for three major cryptocurrencies: Bitcoin (BTC), Tether (USDT) on Tron, and Toncoin (TON). These digital assets are seamlessly integrated into the Wallet service, ensuring a user-friendly experience for Telegram’s vast user base. One important thing to be noted is that the Wallet Pay API was not officially developed by Telegram developers. Unlike self-custodial wallets like MetaMask, Telegram Wallet Pay operates as a custodial wallet. This approach simplifies the transaction process, providing users with enhanced security and convenience. During the beta period, Wallet Pay implements a fee structure ranging from 1% to 3% for crypto payments. This transparent pricing model shows fairness and enables merchants to have a clear understanding of the costs associated with their transactions. Telegram’s foray into the world of cryptocurrencies began with the TON blockchain project, which faced legal challenges from the US SEC and was ultimately abandoned in 2020. However, the torch has been carried forward by The TON Foundation, and the introduction of Wallet Pay marks a solid milestone in Telegram’s crypto journey. The integration of Wallet Pay within the Telegram interface opens up a world of possibilities for users and merchants alike. It allows businesses to tap into the growing trend of cryptocurrency payments, expanding their customer base. However, these crypto-related services rendered by Telegram have not attained a notable mark in terms of wide adoption. Evidently, only 2 million members are registered as users of the messaging app’s Wallet services. Yet as the crypto market continues to thrive, Telegram Wallet Pay is expected to play a pivotal role in promoting the mainstream adoption of cryptocurrencies. Highlighted Crypto News Today: Binance Enables Lightning Network for Bitcoin Transactions, Bullish?

The three coins that will surge by a remarkable 30x in 2023 are Pepe (PEPE), Floki (FLOKI), and Tradecurve (TCRV). These coins have gained attention due to their unique characteristics, market dynamics, and potential for exponential growth. Pepe: Trading Volume on the Rise The Pepe (PEPE) coin is similar to other meme coins because it has no inherent value and serves no purpose. Pepe is the most “memeable” meme currency created on the Ethereum network and functions as an ERC token, according to some. After its launch, Pepe saw a tremendous rise as it surged by 65.3% in the last month alone. Currently, Pepe is trading hands at $0.000001502 with a market cap of $588M, a drop of 2.58% in the last 24 hours. However, the trading volume of Pepe was on the rise as it increased by 52.49% in that same time and now sits at $114,563,089. With the Pepe technical indicators also showing buy signals, the future looks bright for the token. Floki: Following the Meme Coin Wave Floki is a meme coin that originated from Elon Musk’s beloved Shiba Inu dog, Floki. Notably, Floki has gained attention in the cryptocurrency community for its meme-inspired branding and appeal to meme-loving investors. While meme coins like Floki are highly speculative and carry risks, the popularity of such projects cannot be denied. The Floki growth potential lies in its ability to capture the enthusiasm and support of meme-loving communities. Recently, Floki announced a new strategic partnership with BitGo which sparked a rally for the token once more as it jumped by 17.1% in the past 30 days. Floki has a value of $0.0000245 with a market cap of $231M, down 1.31% overnight. On a positive note, the Floki trading volume has pumped by 10.10% and now stands at $11,701,967. With its moving averages showing buy signals, this coin could see further price increases soon. Tradecurve (TCRV): A One-of-a-Kind Trading Platform Tradecurve (TCRV) aims to solve many problems like high fees and limited access to high leveraged products by creating a platform combining the best features of CEX and DEX. The DeFi nature drastically reduces trading fees. With no sign-up KYC checks, Tradecurve stands out by providing a fully private trading environment. 12,500 individuals have already registered for it because of features like negative balance protection and enormous leverage beginning at 500:1. Currently, the presale for Tradecurve is in Stage 4, and one native token costs only $0.018, an 80% rise from its starting price. The platform raised $2.8M so far. Market analysts forecast a 100x jump after the token gets listed on a major CEX. We believe that Tradecurve has what it takes to overtake the likes of Gemini, so become an early investor now and capitalize on its growth. For more information about the Tradecurve presale: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram

The biggest blockchain conference in Vietnam, NEAR APAC, will be held at the Thiskyhall Sala Convention Centre in Ho Chi Minh City on September 9 and 10, 2023. The conference is expected to include top blockchain developers, experts, students, businesses, and startups from the Asia-Pacific (APAC) region and beyond. NEAR APAC, with the theme “Unlimited Future,” will act as a venue for exploring the most recent developments in multi-chain decentralized applications and blockchain technology within the APAC region. Beyond the usual panel discussions and keynote speeches, the conference will include a wide variety of activities aimed at inspiring and involving attendees. Participants may take part in exhilarating NFT and gaming activities, tour the Web3 Dating zone designed for entrepreneurs and venture investors, and immerse themselves in a virtual reality playground. NEAR APAC seeks to provide a vibrant and engaging atmosphere that encourages networking, teamwork, and the exploration of cutting-edge technology. NEAR APAC is projected to draw more than 8,000 people, together with speakers from more than 100 worldwide blockchain organizations, 1,000+ developers, students from more than ten universities, 300+ projects and startups, and representatives from more than 100 businesses. Join the blockchain revolution’s forerunners by registering now. MarketAcross, the top web3 PR and marketing firm in the world, which is renowned for working with organizations like Polygon and Hashed Emergent, will take part in the event as a media partner. This comes after a number of web3 events, including IVS Kyoto, WebX, Paris Blockchain Week, Korea Blockchain Week, and WebX, where MarketAcross acts as the official media partner. Each target audience has opportunities specific to the conference: Builders: Web3 Hackfest, Web3 Code Challenge, and Builder stage will be held at NEAR APAC, giving developers a chance to display their talents and participate in group coding sessions. A designated hacking space will also be available during the conference so that attendees may develop their ideas further. Visit https://web3hackfest.org/ to learn more. Venture capitalists and startups: The NEAR APAC Greenhouse Program invites entrepreneurs to participate as presenters, partners, and judges for the Hackathon. Startups may profit from the advice and assistance of knowledgeable investors. For further details, go to https://nearapac.org/the-greenhouse/. IT students, the blockchain community, and startups: NEAR The Web2 & Web3 Career Fair is presented by APAC in partnership with TOP CV, the biggest employment platform in Vietnam. Start-ups and initiatives may interact with outstanding people and identify candidates that are a good fit for their organization thanks to this exceptional chance. With new attractions created to enthrall and engage participants, NEAR APAC is further improving the event experience. A Web2 technology event will include interesting exhibits including flying motorcycles, holograms, and robot beer servers. A travel game with a substantial prize fund will encourage players to visit each booth, maximizing the advantages for booth sponsors. Participants may win a piece of the $15,000 prize pool by completing activities and collecting NFTs. These initiatives are meant to increase user interaction and provide booth sponsors with the most marketing exposure possible while the event is taking place. Register now to guarantee your position at the forefront of the blockchain revolution.

Celo’s governance forum suggests using OP Stack as the architecture. The switch would be beneficial since it would boost safety while keeping gas prices down. By shifting from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution, CLabs, the company behind the Celo blockchain, hopes to rejoin the Ethereum ecosystem. A proposal discussed on Celo’s governance forum suggests using OP Stack as the architecture to become an Ethereum L2 blockchain. Thus “making it easy for Celo developers to utilize the full gambit of Ethereum tooling/libraries” by eliminating the need to track tooling and library composability through upgrades. Beneficial Switch Differentiating features include repurposing existing validators as decentralized sequencers for L2. As well as an off-chain data availability layer managed by Ethereum node operators and secured using restaked Ether (ETH). The primary distinction between a Layer-1 blockchain and a Layer-2 blockchain is in their intended use. While Level 1 networks are intended to function without external assistance. Level 2 solutions are created to improve the efficiency of Level 1 blockchains. It was said that the switch would be beneficial since it would boost safety while keeping gas prices down. Users wouldn’t notice any changes if the plan is accepted. And CELO token holders would retain voting power over the protocol’s fundamental agreements. CELO tokens may also be used to pay for gas. The change may have unanticipated consequences for the Celo ecosystem, despite its apparent technical nature. According to the forum debate, this might pave the way for more liquidity between Celo and other chains, but it would also result in additional expenses for sequencers in the form of fees on the data availability layer and Ethereum gas. It is also not apparent whether the benefits for sequencers would be the same as the rewards for the present validators. Highlighted Crypto News Today: Binance Enables Lightning Network for Bitcoin Transactions, Bullish?

Shiba Inu (SHIB) has faced a significant challenge in the form of the December 2022 low. This crucial level has proved a formidable barrier for SHIB bulls, thwarting their attempts to increase prices. Despite recent upside movements, the resistance at this level has proven to be persistent, creating a precarious situation for the cryptocurrency. As the price of SHIB hovers in this area, the question arises: Will the selling pressure overpower the bulls’ determination and cause a reversal in the price action? Shiba Inu Faces Bearish Order Block And Potential Liquidity Hunt SHIB faces a significant challenge as its December 2022 low coincides with a bearish order block (OB) ranging from $0.00000785 to $0.00000824. This particular range, as highlighted in a recent SHIB price report, could serve as a stronghold for bearish sentiment in the market. Consequently, the possibility of a liquidity hunt in this region cannot be disregarded, potentially leading sellers to extend their gains toward the immediate support level at $0.00000711. Amid recent market fluctuations, SHIB is currently trading at $0.00000788, based on data by crypto market tracker Coingecko. This reflects a decline of 3.4% over the past 24 hours. However, despite this short-term setback, SHIB has also notched a seven-day rally of 3.4%, showcasing its inherent resilience and potential for recovery in the long run. Decrease In SHIB Token Burns: Implications For Supply, Demand Meanwhile, Shibburn reported a notable decline in the number of tokens burned within the past 24 hours. A mere 1,233,806 SHIB tokens were burned in a single transaction, representing a sharp 91.59% decrease in the daily burn rate and in contrast, the previous week witnessed the burning of nearly 1 billion SHIB tokens. This decline in token burns carries several implications for the SHIB ecosystem. Firstly, burning tokens plays a crucial role in reducing the overall supply of SHIB, potentially exerting upward pressure on its price. However, with the significant decrease in the daily burn rate, the rate at which new tokens are being removed from circulation has slowed down considerably. This could impact the potential scarcity and perceived value of SHIB in the market. Moreover, the reduced token burns may suggest a shift in market sentiment and investor behavior. It could indicate a decreased demand for burning tokens or a temporary lull in activity within the SHIB community. Market participants and SHIB token holders will closely monitor the implications of this decline in burns on future price movements and the overall supply-demand dynamics of the cryptocurrency. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Bodybuilding.com

A record 592,000 Bitcoin, or roughly $17.8 billion, was accumulated when the coin was trading at $30,200, recent Glassnode data indicates. At this accumulation rate, suggesting possible demand, more entities bought more coins at the second fastest pace in the network’s history. This record was only broken when 637,000 BTC were bought at an average price of $16,500. 592,000 Bitcoin Bought At $30,200 The spike in Bitcoin accumulated at this price point preceded the decision by a United States court to rule that XRP, an altcoin issued from the XRP Ledger (XRPL), is a commodity, just like Bitcoin. The ruling on Friday, July 14, was received positively by the crypto community and temporarily lifted prices, sustaining Bitcoin above the psychological $30,000 mark. According to Glassnode, the Bitcoin Entity-Adjusted Economic Ratio Per Day (ERPD) is a metric designed to assess economic activity within the network, considering the number of entities participating. This metric is calculated by dividing the Network Value to Transactions (NVT) ratio by the entity-adjusted on-chain volume. In on-chain analysis, the NVT ratio represents the relationship between the market capitalization and the recorded on-chain trading volumes at a specific price point. A higher NVT ratio indicates a greater value than recorded trading volumes. While the NVT reading can be useful, it can also be misleading if the entities, or clustered addresses, involved in transactions are not accounted for. To correct this error, the ERPD integrates addresses involved at that price point, used in taking account of the market cap. This way, it can be easy to gauge the entities and total coins involved. Shifting Sentiment? The surge in Bitcoin ERPD development will also likely impact altcoins. Considering its liquidity and support across the board, Bitcoin sets the tone for other altcoins in crypto. Its performance and transactions can gauge market-wide sentiment, which might, in turn, change how altcoins are perceived in the current market conditions. Still, some commentators on Twitter were unsure if the metric was a positive development or a position for further price crashes. One believes that most such transactions are conducted by “paper hands” who buy Bitcoin when the price increases and are set to sell at any moment of negative news. The spike in ERPD is also ahead of the Bitcoin halving event in 2024, which, reading on historical performances, may impact prices positively, even triggering a bull run. After halving, miners would receive fewer coins, releasing even fewer for circulation, a supply shock that may support prices.

Celsius has begun selling its altcoin assets in exchange for BTC and ETH. Approx. $25 million worth of altcoins were dumped today. Post receiving approval from the U.S. court supervising its bankruptcy case, the insolvent cryptocurrency lender Celsius has begun selling its altcoin assets in exchange for Bitcoin (BTC) and Ethereum (ETH). After a brief halt in withdrawals due to a lack of client cash, Celsius filed for bankruptcy protection in July 2022. Earlier reports said that the corporation had gained permission from the U.S. court to begin converting roughly $170 million worth of altcoin assets into BTC and ETH on July 1. $25M Worth of Altcoins Sold According to blockchain analytics provider Lookonchain, Celsius has started unloading its cryptocurrency holdings. 1.27 million LINK tokens were sold for $8.5 million, 2.83 million SNX tokens were sold for $7.84 million, 12,597 BNB tokens were sold for $3 million, 4.45 million 1INCH tokens were sold for $2.26 million, 8.53 million ZRX tokens were sold for $1.9 million, and 439,000 FTT tokens were sold for $713k. All of these tokens were transferred to FalconX In addition, Celsius transferred $235,000 worth of BONE tokens (valued at 186,149 tokens) to OKEx. Out of the total altcoins holding, approx. $25 million worth were dumped today. Moreover, the “0x4131” wallet address received the majority of the altcoins. Furthermore, Celsius sent 1,393 StaFi tokens (rETH) to Wintermute Trading, and in exchange, received 1,393 ETH. With the sale of other altcoins, the pressure to sell Celsius’ biggest position, Chainlink, may be greatest. Also, the arrest of Celsius’s ex-CEO Alex Mashinsky by the DOJ coincides with this new turn of events. Mashinsky is being charged with various counts of fraud, further aggravating the company’s condition. The former CEO has pleaded not guilty to all of the charges. Highlighted Crypto News Today: More Than 3.46 Million Ethereum Burned Post London Hard Fork

Crypto exchange Binance completes the integration of Bitcoin’s Lightning Network. Binance confirmed the existence of its own Lightning nodes on June 20. Binance announced that it had completed the integration of the Bitcoin Lightning Network (LN). The crypto exchange has enabled this layer-2 scaling solution for Bitcoin (BTC) withdrawals and deposits. The Lightning Network is the layer 2 scaling solution that is primed to resolve Bitcoin’s scalability issues. This layer uses micropayment channels to scale the blockchain’s capabilities and make BTC transactions cheaper and faster. It’s worth noting that Lightning launched five years ago, in March 2018. Binance Implements Bitcoin Lightning Network Binance initially hinted at the integration of the Lightning Network in early May after it encountered network congestion due to the heavy BTC transactions. Following it, the crypto exchange confirmed on June 20 that it is working on integrating the LN. After working for the past two months, the platform has implemented this integration. It allows users to make Bitcoin (BTC) transactions faster and cheaper. This largest trading platform has onboarded other prominent exchanges such as Bitfinex, Bitstamp, OKX, and Kraken. Notably, Binance is strengthening its position as the leading crypto exchange with enhanced service and developments. Next up, the crypto community awaits Coinbase to enable Lightning Network-enabled features on its platform. At the time of writing, the Bitcoin (BTC) price was around $30,283, after displaying an insignificant increase of 0.03%. Meanwhile, the daily trading volume of BTC experienced a surge of over 2.04%, according to CoinMarketCap.

Compound (COMP) has seen a significant surge in its price, experiencing remarkable growth and gaining substantial momentum during the last month. Meanwhile, VC Spectra (SPCT) is demonstrating remarkable acumen, leaving no room for doubt about its influence and presence in the market. Stay tuned to uncover the reasons behind the positive outlook for Compound (COMP) and VC Spectra (SPCT). >>BUY SPCT TOKENS NOW<< Compound (COMP) Delivers Remarkable Performance Compound (COMP) skyrocketed from $59.08 to $70.08 in the past week, indicating an 18.61% surge. Experts say Compound’s (COMP) bullish momentum is attributed to increasing interest from institutional investors and higher transaction volumes across the network. Furthermore, Compound’s (COMP) upward trend is linked to significant whale activity across the platform. A few weeks ago, an influential wallet identified as ‘0x0D5‘ transferred 3 million USDT to Binance and withdrew 50,000 COMP tokens, equivalent to approximately $2.26 million. The same wallet proceeded to withdraw an additional 120,000 COMP, valued at approximately $5.53 million, from Binance, indicating its noteworthy presence within the Compound (COMP) network. Moreover, Compound’s (COMP) founder recently launched Superstate funds, an innovative endeavor aimed at connecting traditional markets and blockchain systems. By facilitating greater engagement from institutional investors, Superstate has the potential to enhance liquidity and fortify the stability of DeFi protocols within the Compound (COMP) network. As Compound makes notable strides, analysts indicate Compound’s (COMP) price will spike by 17.2%, from $70.08 to $82.14 in the coming weeks. VC Spectra’s (SPCT) Innovative Approach Redefines the Potential of Blockchain VC Spectra (SPCT) stands out from the competition by spearheading innovation in the realms of Fintech and blockchain technology. As a decentralized hedge fund, VC Spectra (SPCT) grants investors exclusive access to pre-ICOs and diversified portfolios. With a focus on precision, VC Spectra (SPCT) employs a meticulous selection process to identify high-potential blockchain ventures. The platform also harnesses AI to execute profitable trading decisions. Moreover, VC Spectra (SPCT) rewards investors with quarterly dividends and buybacks tied to their investment performance. VC Spectra’s native token, SPCT, operates on the secure foundation of the Bitcoin blockchain. As a BRC-20 standard token, SPCT enables efficient asset management, decentralized trading, and exchange within the Spectra ecosystem. The token adopts a deflationary framework with a burn mechanism to reduce token circulation over time. After raising $2.4 million in its private sale, VC Spectra (SPCT) is now open for its public presale. Priced at $0.008, the token has garnered significant attention, and experts predict a remarkable surge of 900% to reach $0.08 once it hits major exchanges. Find out more about the VC Spectra presale here: Buy presale: https://invest.vcspectra.io/login Website: https://vcspectra.io Telegram: https://t.me/VCSpectra Twitter: https://twitter.com/spectravcfund Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

In the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), the recent order granting in part and denying in part the motion for Summary Judgment by Judge Torres has left many XRP investors eagerly awaiting the next steps. To shed some light on the situation, prominent attorney Jeremy Hogan has shared his thoughts on the matter, offering valuable insights into the potential appeal process with deadlines and its implications for both parties involved. Ripple Vs. SEC: The Next Possible Deadline Hogan, a seasoned attorney with experience in appeals, cautions that appeals are typically pursued after a case is completely finished. “After the final judgment is entered, either party has 60 days to appeal,” says Hogan who emphasized that the Ripple case is not yet finalized, any potential appeal at this stage would be considered an “interlocutory appeal.” “As far as I can see in the Rules, you have 10 days to notice an interlocutory appeal”, states Hogan. Since the Summary Judgment was issued on July 13, an appeal by the SEC or Ripple Labs would have to be filed by July 23 at the latest (or by July 24 if the deadline does not start until the following day). This means that next Monday at the latest it will become public whether one of the parties files an appeal. But an interlocutory appeal is rarely granted and generally requires compelling reasons, such as the release of significant information that could impact the case. However, Hogan points out that Judge Torres did not certify her ruling for immediate review, indicating that an interlocutory appeal might not be granted in this scenario. This suggests that the SEC and Ripple would need to wait for a final judgment before pursuing an appeal. Hogan believes that both parties might ultimately choose not to appeal for various reasons. According to the lawyer, the SEC might hesitate to appeal because, even if successful, it could potentially jeopardize their overall case. Winning the appeal would retract some unfavorable aspects of the trial-level case. However, if the SEC were to lose at the appellate level, it could set a precedent that all courts in the 2nd DCA (Second District Court of Appeals) would have to follow, amplifying the impact of their loss. On the other hand, Hogan believes that Ripple may opt not to appeal if it can afford to pay the fine and if the ruling’s effect on its business, particularly the aspect concerning the On-Demand Liquidity (ODL) feature, is manageable. These factors, combined with the fact that Ripple secured a favorable outcome in the ruling, might dissuade them from pursuing an appeal. When considering the potential difficulties in winning an appeal, Hogan emphasizes that Judge Torres is the one who has meticulously reviewed the entire case record. This makes the appellate process inherently challenging for either party, further reducing the likelihood of an appeal. Regarding the SEC’s challenge in appealing the secondary market sales aspect, which presents a problematic area for the regulatory body, Hogan admits that he hasn’t solidified his thoughts on the matter yet. XRP Price The XRP price has taken a breather after the stunning rally following the Ripple summary judgment. After being rejected at the 38.2% Fibonacci retracement level at $0.93, the XRP price is currently trading at $0.7481. After a possible retest of the 23.6% Fibonacci retracement level at $0.68, the impulsive move may see a continuation. The final verdict in the Ripple v. SEC case and possible appeals will certainly continue to have a strong impact on the price.

The value and popularity of TerraUSD Classic, or USTC, the algorithmic stablecoin of the Terra Classic (LUNC) ecosystem, have skyrocketed recently. Today, the stablecoin makes a surprise rally, sparking a great deal of interest among investors and cryptocurrency aficionados. The sharp growth in USTC could be an indication of a sharp rise in demand and emphasizes the market’s rising confidence in this stablecoin. Data from crypto market tracker Coingecko shows USTC trading at $0.0186, notching a 24-hour increase in value of 21.4%. In the last seven days, the stablecoin registered an impressive 58% rally, causing its trading volume to balloon to a solid 409%. USTC Organic Growth Pushes Stablecoin Up Despite the fact that the causes of this upswing are yet unknown, the recent spike in USTC’s value shows organic growth. “Organic growth” refers to the increase in value of USTC that occurs naturally, without the influence of external factors or artificial means. It suggests that the growth is the result of the company’s internal operations, strategies, and market dynamics, rather than being driven by external factors such as acquisitions, mergers, or financial manipulations. After it was de-pegged more than a year ago, USTC saw a huge price decline. Since USTC is a stablecoin with a 1:1 tie to the USD, its price should always be $1. The stablecoin has since traded at lower prices, reaching a 52-week high of $0.06 during that time. There are signs, nevertheless, that USTC could revisit the $1 level and recoup its worth. The TerraUSD Classic de-pegging caused major difficulties for the larger digital currency ecosystem, and its effects are still being felt today. A few Web3.0 firms with exposure to its parent company Terraform Labs went out of business in addition to the more than 99% decline in price of its linked cryptocurrency, Terra Classic. The implosion of FTX Derivatives Exchange was finally driven by the bankruptcies of Celsius Network and Voyager Digital, which prolonged the crypto winter even further. Meanwhile, in order to expand supply and rekindle interest in the stablecoin, the Terra Classic community is launching projects like staking and burning LUNC tokens while also working to improve infrastructure. Will The Terra Classic Stablecoin Retest $1? There is growing consensus that the TerraUSD Classic token is steadily approaching a retesting of the significant $1 price level. Among investors and enthusiasts alike, this strong rising trend has spurred new optimism. As the TerraUSD Classic token gains momentum, it boosts community members’ faith in its capability to uphold its pegged value and function as a dependable digital asset. The community may become excited and eager in anticipation of a probable retest of the $1 price level, which would improve the outlook for TerraUSD Classic’s long-term prospects. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Analytics Insight

Startup Open Asset Standards has recently announced QED, the world’s first ZK 2.0 blockchain protocol. Unlike existing zero knowledge blockchain protocols, QED has a novel state model which is horizontally scalable, meaning it is no longer limited by TPS restrictions that have previously prevented adoption of blockchain technologies in Web2 use cases such as social networks, traditional finance, and gaming. Enabled by advances in fast recursive zero knowledge proofs, QED is able to achieve this scale without compromising security or decentralization and proves all transactions end-to-end using proof recursion (verifying a zero knowledge proof in a zero knowledge proof ). This process of decentralized recursive proving culminates in a single block proof which can be verified by an Ethereum smart contract, making the protocol only reliant on the Proof of Math itself, rather than an incentive based consensus system vulnerable to collusion, hacking and misaligned incentives. As the first blockchain capable of serving billions of users in a single block, QED does away with the need for a zk-VM by compiling smart contract functions directly to zero knowledge circuits, making it the first zk-Native blockchain. QED’s novel approach to ZKP allows users to prove their own transactions on their own device in milliseconds, enabling a new privacy centric internet where transactions are private by default and sensitive data never has to leave a user’s device. With its announcement of the QED Protocol, Open Asset Standards unveiled QED’s official Dapen Smart Contract IDE. With Dapen, Web2 developers can write zk Smart Contracts in the world’s 2 most popular programming languages, JavaScript and Python, which have a developer market share 357 times larger than the Solidity community which only makes up a miniscule 0.1% of the world’s developers. In addition to making blockchain accessible to more developers than ever before, Dapen has integrated support for Markdown smart contracts which allow even non-technical users to write smart contracts in English using their integration with several large language AI models (LLMs) including ChatGPT. Backed by Animoca Brands’ fund Sparkle Ventures whose General Partners include Sebastien Borget, Co-founder of Sandbox, and Yat Siu, Co-founder of Animoca Brands, QED is set to see major adoption within the gaming space which regularly support millions of concurrent gamers playing at once. Due to its horizontal scaling model, QED is able to add transaction processing capacity by simply adding more proving nodes to its network, allowing large scale gaming to integrate with blockchain technologies such as dynamic NFTs for the first time. Headed up by Founder and CEO Carter Feldman, a former childhood hacking prodigy and reverse engineer, the QED core team is made up of a diverse team from both Web2 tech giants and Web3 titans including Binance, reflecting the protocol’s mission to unite Web2 and Web3. Contact Information Website: www.qedprotocol.com Twitter: Official: @qedprotocol Founder: @cmpeq Email: [email protected] 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.

seychelles, seychelles, July 17th, 2023, Chainwire As part of Flipster’s (formerly AQX) name launch, the business today announced an additional 1,500,000 USD worth of bonus rewards to encourage new users to join and trade on their exchange. Until the rewards are fully distributed, the futures exchange will run at least one campaign per week to encourage new users to signup and trade derivatives on the Flipster platform. Under the old name the exchange has already made available more than 400,000USDT worth bonus in past campaigns. The first promotion in the series kicked off on the 17th of July, 2023 (running for seven days). A massive 110,000 USDT in bonuses has been allocated. 10,000 USDT to reward new users when completing identity verification with a 10 USDT Bonus. The remaining 100,000 USDT bonus is to incentivise and reward high volume traders that give the platform a chance. The top performer by trading volume will be rewarded with 10,000 USDT in Bonus at the end of the weekly campaign. Flipster has reimagined futures trading with a mobile-first approach to appeal to casual crypto traders with limited experience in derivatives trading (or, as they say, Flipping). The method is to specialize in derivatives trading, stripping back the app experience to make it faster to learn and easier to use. Novice traders can open, close and monitor positions from any location. Potentially meaning some users may make more money on the bus to work, than from their days Labor. Beyond ease of use, the portable experience makes trading fun and feels less like a technical task. The flip to a mobile-first approach came after initially having a web experience similar to other futures exchanges. The traditional UI for futures trading has a steep learning curve and is considerably more technical, which strongly contrasts with the UI that most contemporary apps users have become familiar with. The data concluded that users new to derivatives were not attracted to this experience as it had been built for experienced traders. The Flipster team discovered a few alternative UIs for future trading and none that have successfully been created to onboard new users to crypto futures trading at scale. While the focus is on simplicity, Flipster has features that will spark the interest of experienced traders as well. The exchange regularly adds new perpetual swap contracts, and as of today, over 120 assets can be traded with leverage, making Flipster a competitive exchange for traders to consider. Amongst their assets are tokens not found for futures on other exchanges and some even with low visibility in spot markets. Get started by creating a Flipster account flipster.xyz About Flipster Founded in 2021, Flipster (ex AQX) is the industry’s easy-to-use crypto derivatives trading platform. It offers users an all-in-one platform trading more than 120 tokens with leverage up to 50x. Get started at flipster.xyz to join online or download the app and play store. For media enquiries including interviews with the team reach out at [email protected] For more information follow Flipater on Twitter. Contact Head of Marketing Ben Rogers Prex Ltd [email protected]

Uniswap’s UNI started a decent increase above $5.35 against the US Dollar. The price is likely to continue higher above $6.00 and $6.20 in the near term. UNI started a fresh increase after forming a base above the $4.75 level against the US dollar. The price is trading above $5.65 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $5.35 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $6.00 and $6.20 resistance levels in the near term. Uniswap’s UNI Regains Traction After forming a support base above $5.00, UNI started a fresh increase. The bulls were able to push Uniswap’s price above the $5.25 and $5.30 resistance levels, similar to Bitcoin and Ethereum. There was also a break above a major contracting triangle with resistance near $5.35 on the 4-hour chart of the UNI/USD pair. The pair gained pace and tested the $6.30 zone. A high is formed near $6.291 and the price started a downside correction. There was a break below the $6.00 level. UNI price tested the 50% Fib retracement level of the upward move from the $5.09 low to the $6.291 high. Source: UNIUSD on TradingView.com The price is now trading above $5.50 and the 100 simple moving average (4 hours). On the upside, the price is facing hurdles near $6.00 and $6.10. A close above the $6.10 level could open the doors for more gains in the near term. The next key resistance could be near $6.30, above which the bulls are likely to aim a test of the $6.80 level. Any more gains might send UNI toward $7.00. Dips Supported? If UNI price fails to climb above $6.00 or $6.20, it could correct further lower. The first major support is near the $5.70 level. The next major support is near the $5.50 level. It is close to the 61.8% Fib retracement level of the upward move from the $5.09 low to the $6.291 high. A downside break below the $5.50 support might open the doors for a push toward the key $5.10. Technical Indicators 4-Hours MACD – The MACD for UNI/USD is gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for UNI/USD is well above the 50 level. Major Support Levels – $5.65, $5.50 and $5.10. Major Resistance Levels – $6.00, $6.30 and $6.80.

OFX Exchange presents a sophisticated platform catering to individuals aspiring to optimize their earnings and attain sustainable financial growth within the cryptocurrency market. By offering tailored VIP quantifying plans to suit varying trading expertise and investment capacities, the platform fosters accessibility for traders at different levels of experience and resources. With a mere minimum deposit requirement of 1 USDT, participants can engage in lifelong quantifying plans, capitalizing on a diverse selection of USDT-based cryptocurrencies and crypto assets available on the platform. Central to the trading system of OFX Exchange lies an advanced quantitative trading mechanism driven by cutting-edge AI research. This system streamlines decision-making processes by meticulously analyzing valuation, funding, and trading opportunities, culminating in the development of precise action strategies. By granting traders a simplified process to identify profitable opportunities at the click of a button, the platform’s automated system empowers users with confidence to navigate the cryptocurrency market. Quantifying income percentages offered by OFX Exchange vary based on the user’s VIP level, which spans from VIP 0 to VIP 6. Each VIP level encompasses specified minimum and maximum quantified amounts, granting users the freedom to tailor their investments according to individual preferences and risk tolerance. Whether an individual holds a VIP 0 membership, commencing with a minimum quantified amount of 1 USDT, or a VIP 6 membership, boasting a capacity to invest up to 300,000 USDT, the quantifying plans provide flexibility and the potential for substantial earnings. Additionally, as users progress through the VIP levels, the frequency of quantifying times per day escalates. This ensures that individuals at higher VIP levels gain more opportunities to capitalize on favorable trading conditions, thereby endowing them with a competitive edge in maximizing potential earnings. OFX Exchange places great emphasis on cultivating a robust community. Users are encouraged to invite friends to join the platform through invitation codes or referral links. By doing so, users not only expand their network but also earn commission income when their referred friends successfully finalize their quantifying income. The platform incorporates three referral levels, each correlating to a distinct commission rate, enabling users to generate passive income while fostering the success of others. When users successfully refer friends, and their team members earn quantifying income, the commission income rebates are directly deposited into the user’s account, available for withdrawal. Furthermore, for every successful referral deposit of 50 USDT, a deposit rebate of 3 USDT is granted. In conclusion, OFX Exchange provides traders with a comprehensive and efficient trading ecosystem. Fueled by quantitative AI research, their platform equips users with informed trading decisions, potential profitability, and the means to build enduring wealth within the cryptocurrency market. With enticing incentives, VIP quantifying plans, and opportunities for team-building, OFX Exchange stands as a reliable partner for traders seeking to conquer their financial aspirations. Official Website: Registration link : Twitter: Facebook: WhatsApp Helpline: Telegram Helpline: Telegram Channel: Live Chat: License: White Paper: Company Introduction:

Bitcoin price failed to surpass $31,800 and corrected most of its gains. BTC is now attempting a fresh increase from the $29,950 support zone. Bitcoin is consolidating losses above the $30,000 support zone. The price is trading below $30,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $30,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above $30,400. Bitcoin Price Holds Key Support Bitcoin price rallied above the $31,400 resistance but there was no follow-up move. BTC struggled to clear the $31,800 level and stayed below $32,000. A high was formed near $31,790 before there was a sharp decline. There was a move below the $31,000 and $30,400 levels. The price even spiked below $30,000. A low is formed near $29,950 and the price is now consolidating losses. Bitcoin is now trading below $30,500 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $30,320 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $30,300 level and the trend line. The first major resistance is near $30,400. It is near the 23.6% Fib retracement level of the downward move from the $31,790 swing high to the $29,950 low, above which the price could gain bullish momentum. Source: BTCUSD on TradingView.com In the stated case, BTC might rise toward the $30,850 resistance. It is close to the 50% Fib retracement level of the downward move from the $31,790 swing high to the $29,950 low. The next major resistance is near the $31,150 level. Any more gains could open the doors for a move toward the $31,80 resistance zone. More Losses in BTC? If Bitcoin fails to clear the $30,380 resistance, it could start a downside correction. Immediate support on the downside is near the $30,200 level. The next major support is near the $30,000 level, below which there could be a drop toward the $29,750 support zone. Any more losses might send the price toward the $29,350 level in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $30,200, followed by $30,000. Major Resistance Levels – $30,380, $30,850, and $31,150.