The contract is now paused, according to MetaSleuth, a blockchain intelligence business. The contract’s signature claimed variable wasn’t adequately validated. On Monday, two adversaries exploited a flaw in the Azuki DAO governance token contract and stole 35 ETH. Because the contract’s signature claimed variable wasn’t adequately validated, replay attacks were possible. The contract is now paused, according to MetaSleuth, a blockchain intelligence business. On the other hand, Members of the Azuki DAO are now voting on whether or not to engage a lawyer to recover 20,000 ETH that were stolen by the hack from Zagabond, the creator of the NFT project. So far, 29 million BEAN tokens have been voted on, with 88% of the community supporting the plan. Without elaborating, the community also claimed that Zagabond is involved in “multiple projects” linked to rug pull. Some users have questioned the DAO’s connection to the Azuki project, despite the group’s claim to be “OG Azuki holders” operating in the interests of the community. Co-founder of NFTY.Finance Tytan.ETH expressed skepticism about the group’s voting system since the governance token was just a few days old and he had never heard of them. Identical Collection Chaos Many NFT collectors criticized the new Elementals collection for being too similar to the Azuki collection published in February 2022, and Azuki received a lot of blowback as a result. The project crew allegedly moved 20,000 ETH out of the wallet as soon as the collection was minted, which further added fuel to the fire of the dispute. On June 27, the Azuki Elementals mint was released, generating a lot of excitement in the Web3 community. As the newest edition of the lucrative anime-themed PFP project, Elementals’ 20,000 NFTs were mined and sold out in a blink of an eye. Highlighted Crypto News Today: Ubisoft Launches Web3 Game; Champions Tactics: Grimoria Chronicles

Bullish INJ price prediction for 2023 is $10.222 to $24.462. Injective (INJ) price might reach $25 soon. Bearish INJ price prediction for 2023 is $2.429. In this Injective (INJ) price prediction 2023, we will analyze the price patterns of INJ by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Injective (INJ) Current Market Status Current Price $8.76 24 – Hour Trading Volume $59,553,212 24 – Hour Price Change 4.65% up Circulating Supply 80,005,555 All – Time High $25.01 (On April 30, 2021) INJ Current Market Status (Source: CoinMarketCap) What is Injective(INJ)? Injective Protocol (INJ) is a decentralized exchange (DEX) that provides cross-chain margin trading, derivatives, and currency futures trading. The Injective Protocol is a Layer 2 application developed on the Cosmos blockchain. The protocol uses cross-chain bridges to allow traders to access cryptocurrencies from platforms such as Ethereum and Polkadot. Injective Protocol, unlike other prominent decentralized exchanges like Uniswap or Bancor, does not use an automated market maker (AMM) algorithm to maintain liquidity. Instead, Injective utilizes the order book concept, which has been extensively adopted by centralized stock and cryptocurrency exchanges for many years. In this way, Injective hopes to combine the efficiency of traditional banking with the transparency of decentralized exchanges. Injective Exchange traders only pay regular market maker and taker fees using INJ coins, rather than network gas fees for each transaction. INJ coins also act as the platform’s governance token and staking mechanism, enabling Injective’s Proof of Stake-based blockchain to function. Injective (INJ) Price Prediction 2023 Injective (INJ) ranks 69th on CoinMarketCap in terms of its market capitalization. The overview of the Injective price prediction for 2023 is explained below with a daily time frame. INJ/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Injective (INJ) laid out a Horizontal Channel pattern. In general, the horizontal channel also known as the sideways trend is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Injective (INJ) was recorded at $8.43. If the pattern trend continues, then the price of INJ might reach the resistance levels of $8.233, and $12.081. If the trend reverses, then the price of INJ may fall to the support of $5.594. Injective (INJ) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Injective (INJ) in 2023. INJ/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 Injective (INJ) for 2023. Resistance Level 1 $10.222 Resistance Level 2 $24.462 Support Level 1 $4.968 Support Level 2 $2.429 INJ Resistance & Support Level As per the above analysis, if Injective (INJ) bulls take the lead, then it might hit and break through its resistance level of $24.462. Conversely, if Injective (INJ) bears dominate the trend, the price of INJ might plunge to $2.429. Injective (INJ) 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 Injective (INJ) are shown in the chart below. INJ/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 Injective (INJ) 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 INJ price lies above 50 MA (short-term), indicating its uptrend. Hence, INJ is in a bullish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of INJ is at 68.50. Therefore, this indicates INJ is nearly in an overbought state. Also, this confirms that INJ sends out a buy signal. Injective (INJ) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Injective (INJ) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). INJ/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 INJ lies in the range of 18.040 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 INJ lies above 50, indicating high volatility. Comparison of INJ with BTC, ETH Let us now compare the price movements of Injective (INJ) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs INJ Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of INJ is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of INJ also increases or decreases respectively. Injective (INJ) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Injective (INJ) between 2024 and 2030. Injective (INJ) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Injective (INJ) might successfully test and surpass its resistance levels to hit $30 by 2024. Injective (INJ) Price Prediction 2025 The significant upgrades in the Injective ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Injective (INJ) price to reach $35 by 2025. Injective (INJ) Price Prediction 2026 If Injective (INJ) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $40. Injective (INJ) Price Prediction 2027 If Injective (INJ) sustains major resistance levels and stands as a better investment option in the market, then INJ would rally to hit $45. Injective (INJ) Price Prediction 2028 If Injective (INJ) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then INJ would hit $50 by 2028. Injective (INJ) Price Prediction 2029 If investors flock in and continue to place their bets on Injective (INJ), then the crypto would witness major spikes. Hence, INJ might hit $55 by 2029. Injective (INJ) Price Prediction 2030 By 2030, the INJ price might rally to $60 if the trend momentum aligns in favor ofInjective. Furthermore, INJ would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Injective (INJ) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Injective (INJ) price prediction for 2023 is $24.462. Comparatively, the bearish Injective (INJ) price prediction for 2023 is $2.429. If there is a positive elevation in the market momentum and investors’ sentiment, then Injective (INJ) might hit $25. Furthermore, with future upgrades and advancements in the Injective ecosystem, INJ might surpass its current all-time high (ATH) of $25.01 and mark its new ATH. FAQ 1. What is Injective (INJ)? Injective Protocol (INJ) is a decentralized exchange (DEX) that provides cross-chain margin trading, derivatives, and currency futures trading. 2. Where can you buy Injective (INJ)? Traders can trade Injective (INJ) on the following cryptocurrency exchanges such as Binance, CoinW, Bitrue, Deepcoin, and BTCEX. 3. Will Injective (INJ) record a new ATH soon? With the ongoing developments and upgrades within the Injective Platform, Injective (INJ) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Injective (INJ)? Injective (INJ) hit its current all-time high (ATH) of $25.01 on April 30, 2021. 5. What is the lowest price of Injective (INJ)? According to CoinMarketCap, INJ hit its all-time low (ATL) of $0.6557 on November 04, 2020. 6. Will Injective (INJ) hit $25? If Injective (INJ) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $25 soon. 7. What will be the Injective (INJ) price by 2024? Injective (INJ) price might reach $30 by 2024. 8. What will be the Injective (INJ) price by 2025? Injective (INJ) price might reach $35 by 2025. 9. What will be the Injective (INJ) price by 2026? Injective (INJ) price might reach $40 by 2026. 10. What will be the Injective (INJ) price by 2027? Injective (INJ) price might reach $45 by 2027. Top Crypto Predictions Pepe (PEPE) Price Prediction 2023 Cardano (ADA) Price Prediction 2023 Solana (SOL) 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.

Shiba Inu (SHIB) price surges with major trading volumes, demonstrating strong market interest. Hackers involved in the Poly Network attack sold large volumes of SHIB tokens. Shiba Inu (SHIB), the leading meme coin price surges with significant trading volumes. Despite a mass sell-off, SHIB managed to sustain its value above the $0.000007679 level with a price rally of around 1.5%. Shiba Inu price continued its recovery, demonstrating resilience in the face of a recent 94 billion token sale. Poly Network, a decentralized finance (DeFi) platform, has fallen victim to a second attack within a two-year timeframe. The platform recently announced the suspension of all activities as it investigates the hack. According to data from Lookonchain, a crypto intelligence tracker, the hackers conducted large-scale sales of SHIB tokens in exchange for Ether. However, the SHIB price surge and the sustained trading volumes indicate significant market interest in the meme coin. Despite the mass sell-off and the security breach experienced by Poly Network, SHIB has shown resilience in its price recovery. At the time of writing, Shiba Inu traded at $0.000007675 with a 24 hour trading volume of over $166 million, which soared around 33%. In addition Shiba Inu burn rate has climbed 7.74% in the last 24 hours and 80% in a week. Shiba Inu (SHIB) Price Chart (Source: CoinMarketCap) Recommended for you Shiba Inu (SHIB) Price Prediction 2023

Bitcoin dominance drops to 49.26%, a decrease of 0.31% in a day. Ethereum (ETH) surges by 2.28%, reaching a price milestone of $1,960. Pepe (PEPE) witnessed a significant surge of 17.94%. Bitcoin’s dominance is currently 49.26%, which experienced a decrease of 0.31% in 24 hours over the day. This sent shockwaves to Bitcoiners, as the cryptocurrency has been facing a downtrend in the past week. Meanwhile, just like when the lion sleeps and other wild animals roam the forest liberally, the altcoin market is pumping. Surprisingly, even some low market cap altcoins saw a major surge in the present day. The list of these altcoins includes Ethereum, Polygon, Pepe, and Filecoin. Ethereum (ETH) Silver coin Ethereum is up 2.28% today, with a current price of $1,960, which is considered a significant milestone regarding the coin’s bearish month. ETH had a price surge of only 2.94% over the past month. From a weekly perspective, ETH is up 4.32%, struggling to recover from the bearish zone. However, today, the price hit a high of $1,895 and a low of $1,973. Undeniably, the downturn in the Bitcoin market sparked the flame for Ethereum’s price. It is now showing positive signs, and people expect it to continue rising toward the $2,000 resistance level. ETH 7D Price Chart, Source: CoinMarketCap Polygon (MATIC) Another popular altcoin, Polygon, has been in a dark red zone over the past month, nearly reaching an all-time low. While it got lost in the bearish zone, this week showed some signs of recovery. MATIC saw a price surge of 4.27%, and in the present day, it saw a surge of 3.27%, reaching the current price of $0.6888. With new updates on Polygon 2.0 and the altcoin season gaining momentum, Polygon is expected to turn its previous red month into a green one. MATIC 7D Price Chart, Source: CoinMarketCap Pepe (PEPE) The famous memecoin, Pepe, currently holds the crown in the meme world. However, it also had a bearish month. In the past week, it experienced a significant price surge of 17.33%. Continuing the upward trend, PEPE saw a surge of 17.94% today. The current price stands at $0.000001812, which is the all-time high of this month for the frog coin. Market analysts predict that it might even trigger a memecoin rally. PEPE 7D Price Chart, Source: CoinMarketCap Filecoin (FIL) Filecoin, one of the high market cap altcoins, has been in the red ocean for over a month, even hitting an all-time low price this month. However, what made the community excited was the surge it witnessed today, with an increase of almost 15.93%. The current price stands at $4.70. This win is considered significant, considering the prolonged bearish zone it was in. FIL 7D Price Chart, Source: CoinMarketCap It is also worth mentioning that The Graph (GRT) saw a surge of over 23.44% in just 24 hours, and BitDAO (BIT) saw a surge of 14.11% in the same timeframe. In Summary , The altcoin market is thriving with surges in Ethereum, Polygon, Pepe, and Filecoin, while Bitcoin’s dominance dwindles. This shift signals a potential turning point and a new era of opportunities for cryptocurrency investors.

Trescon is set to organize the 42nd edition of World AI Show, a global platform showcasing the latest trends and innovations in enterprise AI solutions. This highly anticipated event will be held on 2-3 August 2023 at the prestigious Marina Bay Sands Expo and Convention Centre in Singapore, bringing together IT Heads and business leaders from enterprises and governments across the APAC region. Singapore, a thriving hub of technological advancements, is set to host the 42nd edition of World AI Show, organised by Trescon. This premier event is renowned for highlighting the latest trends and innovations in enterprise AI solutions, catering specifically to IT Heads and business leaders from enterprises and governments in the APAC region. With a focus on driving collaboration and fostering knowledge exchange, World AI Show – Singapore promises to unveil the future of AI and its various applications. World AI Show – Singapore will serve as a platform for global thought leaders, industry experts, AI enthusiasts and innovators to converge, share insights, and explore cutting-edge AI solutions. Attendees will gain invaluable knowledge through keynote presentations, enterprise use-case discussions, panel sessions, and interactive tech talks. The event will also facilitate business networking opportunities, enabling participants to connect with like-minded professionals and forge partnerships to accelerate AI adoption within their organisations. The 42nd edition of this prestigious event taking place in Singapore solidifies its position as a global gathering of AI experts, government officials, and industry leaders. The event will feature thought-provoking discussions on the latest trends, challenges, and opportunities in AI, providing attendees with actionable strategies and valuable insights. The exhibition floor will showcase the most innovative AI solutions and technologies, allowing participants to experience first-hand the transformative power of AI across diverse industries. Naveen Bharadwaj, Group CEO of Trescon, expressed his enthusiasm for the upcoming event, stating, “World AI Show is a unique platform that brings together global AI experts, government officials, and industry leaders to shape the future of AI. Singapore’s vibrant tech ecosystem and strategic location in the heart of APAC make it an ideal host for our 42nd edition. We are excited to witness ground-breaking discussions and witness the transformative potential of AI in enterprise solutions.” Notable speakers attending the event include: – Miao Song, Global Chief Information Officer, GLP – Daniel Ting, Director, AI Office SingHealth – Ivan Ng, Chief Technology Officer, City Developments Limited – Sudesh Kumar, Chief Digital Officer, Hello Health Group – Nirupam SD, Senior Scientist, Head of IoT and Artificial Intelligence Energy Research Institute at NTU, The Nanyang Technological University One of the key speakers at the show Miao Song, Global Chief Information Officer, GLP, said, “AI is the most promising yet controversial technology in this modern world. Adopting AI in the right way will only help us to grow our businesses and create a positive impact on humankind. I look forward to sharing best practices and take part in in-depth discussions in the upcoming World AI Show in Singapore.” Sudesh Kumar, Chief Digital Officer, Hello Health expressed his excitement about the show saying, “Witness the future at World AI Show, where global innovators unite to unveil ground-breaking advancements, fostering a world where artificial intelligence transcends human potential and creates limitless possibilities.” The 42nd global edition of the World AI Show is supported by: – Platinum sponsor – Dataiku – Gold Sponsor – Singlestore – Robotics Sponsor – Aliriza Group – Bronze Sponsor – WNS – Vuram Aliriza Abdul Gafoor, Chairman and CEO at Aliriza group quoted, “Aliriza Group aims to accelerate AI innovation and adoption in Singapore, contributing to the National AI Strategy and reinforcing Singapore’s global AI hub status through our participation in the World AI Show” Mark your calendars for 2-3 August 2023 and join the brightest minds in the AI community at the Marina Bay Sands Expo and Convention Centre in Singapore. Experience the forefront of AI innovation, gain actionable insights, and forge strategic partnerships at the 42nd edition of World AI Show. For more information and registration, visit www.worldaishow.com About Trescon: Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. In line with their vision to foster a future driven by emerging technologies, you are invited to join these upcoming events by Trescon: – World Fintech Show at Jakarta and Kingdom of Saudi Arabia – World CX Summit at Singapore and Manila – World Cloud Show at Manila – World AI Show at Kingdom of Saudi Arabia – World Blockchain Summit at Singapore and Dubai – World Cloud Show at Jakarta Trescon is glad to announce a new mega tech show called Digital Acceleration and Transformation Expo (DATE) scheduled to take place in Delhi in November 2023 and Jakarta in 2024. For more information visit: https://bit.ly/43OzEpy Nupur Aswani Head – Media, PR and Corporate Communications, Trescon +91 95559 15156 | [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.

Indian Crypto Exchange Bitbns has as a market share of 79.1%. Bitbns is accused of inflating trading volumes to maintain its dominant position in the market, which is not yet confirmed. In a recent study conducted by CoinGecko, Bitbns, a leading cryptocurrency exchange in India, has emerged as the largest player in the country’s crypto ecosystem. That captured an impressive market share of 79.1% among the top four centralized exchanges. However, concerns have been raised regarding the dominance of Bitbns and its reported trading volume. As allegations of manipulating figures and utilizing deceptive tactics to inflate volumes have come to light. However, the assertion has not yet been confirmed by any of the officials. Additionally, there might have been a glitch in the cryptocurrency tracking platform ConGecko. Top Centralized Crypto Exchange in India (Source: CoinGecko) How Bitbns Witnessed Massive Trading Volume? According to the study, which was published in a Medium blog post, Bitbns has been accused of engaging in questionable practices since 2018. Specifically the use of “fake volume bots to create artificial trading activity.” Also, these bots have consistently generated volumes exceeding $10 million. Even after the implementation of a 1% tax deducted at source (TDS) rule. Which reduced trading volumes on other Indian crypto exchanges. Indian Crypto Exchange Trading Activity (Source: CoinGecko) According to the tweet (the profile followed by Binance CEO and other high profiles), the Bitbns exchange reported a total trading volume of $2.5 billion between July 2022 and November 2022. If these figures are accurate, Bitbns would be liable for a TDS amount of $25 million (equivalent to 200 crores in INR). However, the Ministry of Finance announced in December 2022 that they had collected approximately 60 crores in INR from the 1% TDS levied on the entire Indian crypto industry. This stark disparity has raised questions regarding the government’s oversight and the effectiveness of the TDS implementation. How could the government only collect 60 crores in INR from all Indian exchanges. While Bitbns alone had a reported TDS liability of 200 crores based on its claimed trading volume? The allegations surrounding Bitbns’ dominance and reported trading volume underscore the need for increased transparency and regulatory scrutiny within India’s crypto industry. With the sector gaining significant traction in recent years, it becomes imperative for regulators and industry players to ensure fair practices and accurate reporting. Fostering a healthy and trustworthy ecosystem for investors and traders alike. In addition, if Bitbns answered for this, it would help crypto investors build more trust. Status of Top Crypto Exchanges in India India’s top 4 crypto exchanges or CEXs, ranked by market share (Sorce: CoinGecko) According to the latest data, Bitbns continues to dominate the Indian crypto market. Maintaining its position as the largest cryptocurrency exchange in the country. With an impressive market share of 79.1% across the top four centralized exchanges, Bitbns remains unchallenged. WazirX holds the second spot with an 11.1% market share, closely followed by CoinDCX at 6.6%, and ZebPay at 3.1%. These rankings have remained unchanged throughout the year, indicating relative stability in the market share distribution among the top exchanges. However, the landscape was quite different in early 2022 when WazirX held the top position, reaching a market share range of 38.7% to 65.3%. But Bitbns surpassed WazirX in June 2022, causing WazirX’s market share to drop continuously for three consecutive months, eventually reaching 34.6%. Bitbns has since demonstrated remarkable growth, more than doubling its market share from 37.0% in June 2022 to an impressive 82.0% by December 2022. Apart from Bitbns, WazirX, CoinDCX, and ZebPay, other notable cryptocurrency exchanges and trading platforms catering to the Indian market include Koinbx, BuyUCoin, Coinswitch, and Giottus. Overall, the Indian crypto exchange market remains dynamic. Bitbns leading the way and the top positions witnessing relatively stable rankings throughout the year.

A new game called Champions Tactics: Grimoria Chronicles was revealed late last week. Ubisoft has revealed that their upcoming game would be built on the Oasys blockchain. Ubisoft, the creator of Assassin’s Creed and Just Dance, was an early adopter of blockchain technology among major traditional game companies and has persisted in doing so. A new Web3 game from the developer has been revealed. A new PC game called Champions Tactics: Grimoria Chronicles was revealed late last week, and it promises to be an exciting PvP tactical role-playing game. The teaser trailer only shows glimpses of the fantasy world, and there are no still images accessible. However, it seems to portray mythical figure forms, suggesting that the design may have been influenced by the aesthetic of classic board games. Oasys is a blockchain network designed exclusively for the gaming industry, and it has already attracted attention from companies like Square Enix, Sega, and Bandai Namco. Ubisoft has even revealed that their next game, Champions Tactics, would be built on the same platform. NFT Inclusion In addition, the game will be accessible on PC through a standalone desktop program, thus it is not a web-based game, and the official website has been promising “free drop at launch” to allow playtime. This suggests that Ubisoft will supply non-fungible tokens (NFTs) for free at launch for use in Champions Tactics, despite the fact that they may need their use in the future. The rollout of that pilot program, the most publicized implementation of NFTs into a well-known game on the mass market, was also met with substantial customer displeasure. This was back in 2021 when Ubisoft announced the inclusion of NFT-based items. Speculation on digital assets, NFT fraud, and publishers trying to scam customers out of more money are just a few of the reasons why many participants are suspicious of NFTs. Highlighted Crypto News Today: Recent Approvals Drain Terra Classic Community Fund Pool

Beeple donated the FTX Board Meeting NFT to Castello di Rivoli, Italy’s first Museum of Contemporary Art. The NFT satirizes the rumors of Sam Bankman-Fried at the office of Alameda Research. Castello di Rivoli Museo d’Arte Contemporanea, one of Italy’s premier contemporary art museums, has made an exciting addition to its permanent collection with a generous donation from artist Mike Winkelmann, better known as Beeple. The artwork, titled FTX BOARD MEETING, DAY #5676 11.13.2022, is a unique creation that exists both in the digital and physical realms. It comprises an NFT (non-fungible token) registered on the blockchain and a large oil painting on canvas. Beeple’s Sam Bankman-Fried NFT Adopted by Italy Beeple’s donation of the Sam Bankman-Fried-based art to the museum heralds a new era of institutional adoption of NFTs as a bona fide art medium. In a statement, Carolyn Christov Bakargiev, the museum’s director, stated: “For me, the collapse of the crypto world following the FTX scandal and the speculative bubble that exploded last year is one of the key moments of that world – it was like an atomic bomb going off in the crypto world.” Through his work, Beeple employs the aesthetics of pornography and cartoonish digital graphics to criticize what he perceives as the adolescent recklessness and immaturity prevalent in the digital culture surrounding tech entrepreneur SBF. Beeple, who has been creating and posting a new image online every day since 2007, has garnered a massive following on social media, with 2.4 million followers on Instagram, over 500,000 on Facebook, and more than 760,000 on Twitter. For his part, the artist gained international recognition during the COVID-19 pandemic lockdown when his artwork EVERYDAYS: THE FIRST 5000 DAYS, a compilation of 5,000 images created over 15 years, fetched a record price at Christie’s auction. This event propelled digital art and the concept of NFTs, showcasing the uniqueness that each token represents through blockchain technology. Explaining her selection of Beeple’s 1/1 edition, Christov-Bakargiev emphasized the artwork’s relevance within a broader art historical canon. “Beeple is interesting as an artist in a similar way to Andy Warhol […] Warhol was critiquing the consumer society around him […] Beeple’s work is particularly controversial in that community because he is an artist who critiques the digital world.” To commemorate the donation, the museum will host a public conversation between Beeple, Director Carolyn Christov-Bakargiev, and curator Giulia Colletti, which will be live-streamed on YouTube. Following the discussion, there will be a book presentation and signing of Beeple’s first monograph, “Beeple: Everydays, the First 5000 Days,” at the Castello di Rivoli Bookshop. Highlighted Crypto News Today: Identical Azuki Elemental NFT Leads to Overall NFT Market Drop

Cameron recently vented his frustrations over the SEC experience on Twitter. GBTC’s hefty fees and it trades at a discount to its NAV were two of his biggest complaints. The CEO of Gemini, Cameron Winklevoss, has called the Grayscale Bitcoin Trust (GBTC) a “toxic product” in a series of tweets. After the SEC rejected Gemini’s registration for a spot Bitcoin ETF a decade ago, Cameron recently vented his frustrations over the experience on Twitter. The CEO said that American investors had been denied access to one of the best-performing assets of the last decade due to the SEC’s decision. Cameron asserts that investors have turned to less desirable options like the Grayscale Bitcoin Trust (GBTC) as a result of the SEC’s denial of Gemini’s spot Bitcoin ETFs application. He said the GBTC’s hefty fees and the fact that it trades at a discount to its NAV were two of his biggest complaints. SEC’s Reluctance to Approve Cameron also noted that spot Bitcoin trading may be moving to unlicensed and unregulated venues outside the United States as a result of the SEC’s reluctance to approve its Bitcoin ETFs. Moreover, Cameron said that investors were driven onto the now-defunct FTX crypto market as a consequence of the SEC’s ruling, highlighting the dangers those investors now face. Furthermore, Winklevoss ends by expressing his desire for the SEC to reconsider its track record and rededicate itself to protecting investors, fostering competitive markets, and facilitating the emergence of new sources of capital. Indicating his desire for more easily accessible and regulated investment choices for US investors, he also lends his support to those who are lobbying for the introduction of spot Bitcoin ETFs. One of the major asset managers, BlackRock has helped drive the current surge in demand for Bitcoin spot registration. Highlighted Crypto News Today: Gary Gensler Resignation Confirmed by SEC? Fact Check

The total funds in the community pool dropped from 2.37B LUNC to 416 million LUNC. Three ideas were recently approved by the Terra Luna Classic community. The community pool fund at Terra Luna Classic has reached a dangerous low after three expenditure requests were approved by the community. The community no longer has enough money to pay for the further growth and upkeep of the network after seeing their total funds fall from 2.37 billion LUNC to 416 million LUNC. Three ideas were approved by the Terra Luna Classic community: a Joint L1 Task Force Q3 proposal, the formation of a Quant team for USTC repeg, and the maintenance of Terra Rebels’ infrastructure and applications. Recent Funds Allocation Terra Rebels got 484.367 million LUNC, Quant USTC Repeg Team got 222.222 million LUNC, and Joint L1 Task Force Q3 got 1.264 billion LUNC for their development work. Just 416.33 million LUNC and 4.49 million USTC remain in the pool’s current balance. The Joint L1 Task Force plans to upgrade to stable versions of the Columbus and Cosmos SDKs, as well as focus on lowering the circulating supply of LUNC and USTC in Q3. In the meanwhile, the Quant team will be modeling and simulating incremental repeg buybacks and staking swaps for USTC. Also, To keep the Rebel Station, additional programs, and the testnet and Terra Classic infrastructure running, Terra Rebels need financial support. On the other hand, the community agrees that only the most crucial proposals should be put to a vote after extensive deliberation. Moreover, the eleventh round of Binance’s LUNC burn mechanism, equivalent to 2.65 billion Terra Classic (LUNC) coins, has been finished. The total amount of LUNC burned by the community and the cryptocurrency exchange combined is about 35.5 billion. Highlighted Crypto News Today: Gemini CEO Criticizes Grayscale Bitcoin Trust (GBTC)

The hackers generated vast quantities of many distinct coins over several blockchains. Approx $42B worth of cryptocurrencies was stored in the attacker’s wallet at one time. After a significant attack that compromised more than 57 assets across many blockchain platforms on Sunday, July 2, Poly Network temporarily shut down its operations. Poly Network, an interoperability platform, was severely hacked over the weekend when an attacker used a flaw in the cross-chain bridge protocol to generate billions of tokens. The hackers generated vast quantities of many distinct coins over several blockchains. In addition, they produced 24 billion BUSD and BNB on Metis and 999 trillion SHIB (999 trillion) on the Heco blockchain. 57 Assets Affected The hacker created new blockchains, generated billions of tokens, and transferred them to their own wallets. Approximately $42 billion worth of cryptocurrencies was stored in the attacker’s wallet at one time. However, it is difficult for them to sell these tokens and generate big gains due to low market demand. The projected profit is $5 million as of right now. The Poly Network stated: As was previously stated, the Poly Network attack affected 57 assets spread over 10 distinct blockchains. The Poly Network has been the target of serious cyberattacks before. As early as August 2021, hackers realized that they might make money by targeting bridges. There was a lot of talk in 2021 about the theft that stole $600 million from Poly Network. Although $342 million worth of funds were recovered. Highlighted Crypto News Today: Vitalik Buterin Reveals Staking Only Tiny Portion of ETH

False reports of SEC chair Gary Gensler’s resignation circulated in smaller crypto outlets. Speculation about Gary Gensler’s resignation has happened previously. Rumors began to circulate in the crypto market on Sunday, suggesting that Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), might be considering resigning. An anonymous official, as reported, claimed that the SEC Chair was about to step down from his role in response to an internal investigation conducted within the agency. However, it seems that the information turned out to be mere speculation and was not based on factual evidence. In a major crackdown during the first week of June 2023, the crypto ecosystem experienced a series of legal actions targeting Coinbase and Binance, the two leading crypto exchanges, on charges of securities law violations. Ben Armstrong, a prominent crypto influencer, has verified that the news of the resignation was merely a rumor. Also, Charles Gasparino, a reporter from Fox Business Network, took to Twitter on July 3 to announce that he had received confirmation from the SEC, stating that Gary Gensler would not be stepping down from his position. Previously, there have been occasions when rumors of Gensler’s resignation emerged. On April 20, unreliable sources disseminated claims that Gensler was getting ready to be “fired.” Highlighted Crypto News Today US Congressman Proposes Legislation to Remove SEC Chair, Gary Gensler

Popular crypto researcher Colin Wu cites statistics from NFTGo to explain the decline. The updated Elementals NFTs are almost identical to the originals. The Azuki Elementals airdrop last week resulted in a dramatic decline in the NFT market, which has continued over the last 24 hours. Popular crypto researcher Colin Wu cites statistics from NFTGo to explain the decline. The total value of the NFT market has dropped by 53% during the last year, to 3.33 million ETH. Moreover, with a 16% decrease, BAYC is now worth less than $30 ETH, MAYC is now less than $5 ETH (-20%), and Azuki is worth less than $6 ETH (-11%). There was a lot of buzz in the Web3 community with the release of the Azuki Elementals mint on June 27. The 20,000 NFTs for Elementals were mined and sold out in record time after being promoted as the latest installment of the successful anime-themed PFP initiative. Community Frustrated The euphoria around elementals NFTs seems to be waning, though, and there has been a great commotion about the ‘Identical’ Elementals Art. The most recent information suggests some holders are selling Elementals for far less. The floor price for Azuki Elementals NFTs was set at 2 ETH (about $3,800) on the day of launch. OpenSea’s statistics show that within a week of the debut, the floor price has dropped to below 0.8 ETH. Many NFT owners and collectors, as well as some NFT designers, have taken to social media to vent their frustration with the Azuki Elementals’ aesthetic. They compare the visual style of these NFTs to that of the original Azuki PFPs, which were based on anime The updated Elementals NFTs are almost identical to the originals but for a few minor details. Many are concerned that the Elementals collection may devalue the first Azuki endeavor. A lot of individuals are getting rid of their authentic Azuki NFTs as a result of this. Highlighted Crypto News Today: Cristiano Ronaldo Launches New NFT Collection on Binance

Twitter imposes temporary viewing limits due to data scraping and manipulation. Elon Musk increases post limits for verified and unverified accounts. Twitter, the popular social media platform, has imposed temporary limits on the number of posts users can view per day due to what Elon Musk, Twitter executive chairman, called “extreme levels of data scraping and system manipulation.” Users had been experiencing issues such as missing timelines and receiving “rate limit exceeded” messages, resulting in the hashtag #TwitterDown #TwitterFail trending. Initially, verified accounts were restricted to 6,000 posts per day, unverified accounts to 600, and new unverified accounts to 300. However, Elon Musk later announced an increase in the limits to 8,000, 800, and 400, respectively. Shortly after, he tweeted again, stating the new limits as 10,000, 1,000, and 500. Elon Musk justified these restrictions, saying they aim to encourage users to spend less time on the platform and engage with the real world. He emphasized that the changes are temporary measures to combat the aforementioned issues. Twitter users are hopeful that these adjustments will alleviate the problems and enhance their overall experience on the platform.

Cardano founder Hoskinson said that he had “all” of his ADA staked. Buterin pointed towards complicated multisignature wallets as the reason. Vitalik Buterin, one of Ethereum’s founders, has said that he does not stake all of his Ether since multisignature wallets are “complicated in a bunch of ways.” Buterin explained the “biggest reason” he is only staking a tiny portion of his ETH on the June 29 edition of the Bankless podcast. Buterin elaborated: Cardano Founder Shocked On June 30, Ethereum co-founder and Cardano founder Charles Hoskinson tweeted that he is “at a loss for words” after learning that Buterin only stakes a tiny percentage of his Ether. Hoskinson also said that he had “all” of his ADA staked. Buterin also spoke about a new protocol called EigenLayer, which lets Ethereum validators and stakers “re-stake” their assets on other new networks. Buterin stated the primary difficulty is that it presents “centralization risks,” even though it is just in the testnet phase and is not anticipated to debut until the third quarter of 2023. In this proposed system, reliable stakers would be rewarded more than those who are less reliable. Also, reliable stakers chances of being slashed are much lower. Buterin said on June 9 that the Ethereum blockchain “fails” without enough scaling infrastructure to make transactions cheap, thus this comes as no surprise. In addition, he brought out yet another potential weak spot in the system: smart contract wallets. Highlighted Crypto News Today: Surprise Transfer of $16M in LTC Sparks Speculation and Excitement

Cardano founder takes Twitter hiatus amid rate limit turmoil. Twitter’s rate limit sparks controversy and frustration for the Cardano founder. Charles Hoskinson steps back from Twitter due to a rate limit backlash. Recently, Cardano founder Charles Hoskinson announced on Twitter that he will be taking a brief hiatus from the platform. This decision comes amidst an ongoing debate surrounding Twitter’s implementation of reading limits for users, commonly referred to as rate limits. Twitter, led by CEO Elon Musk, introduced these restrictions as a means to counteract “extreme levels” of data scraping and system manipulation. However, the move has generated significant criticism, resulting in service disruptions and user frustration. The community’s response to the rate limit issue has been a mix of humor and frustration, with some individuals making playful references to Hoskinson hitting his rate limit and others encouraging him to take a break. Musk’s Twitter limit receives backlash The controversy surrounding Twitter’s rate limit policy gained attention when numerous users reported technical difficulties, such as the inability to access tweets, missing timelines, and sudden follower disappearances. The phrase “rate limit exceeded” became a common occurrence for users when attempting to view tweets. Twitter’s decision followed an earlier announcement requiring users to have an account in order to view tweets. The general reaction to the newly imposed limits has been predominantly negative, as users express their frustration with messages like “rate limit exceeded” and “Cannot retrieve tweets” appearing in their feeds. This dissatisfaction led to the trending hashtag #TwitterDown. Critics have also launched the hashtag #RIPTwitter as a way to express skepticism about the effectiveness of rate limits in addressing data scraping and system manipulation concerns.

Significant Litecoin transfer triggers speculation and discussion in the crypto community. The transfer of $16 million worth of LTC from Binance raises eyebrows. Litecoin’s price surges amidst the unexpected transfer of funds. Surprisingly, the popular cryptocurrency exchange Binance has witnessed a substantial transfer of 144,396 Litecoin (LTC), amounting to a staggering $16,053,446. This unexpected transaction has raised eyebrows in the crypto community, triggering speculation about its motive and destination. The transfer occurred recently, leaving experts and enthusiasts eager to uncover the purpose behind this significant movement of funds. Consequently, a wave of speculation and discussion has engulfed the cryptocurrency space. Moreover, the timing of this transfer adds to its intrigue as the Litecoin community prepares for the highly anticipated Litecoin halving, an event expected to trigger a bullish rally in LTC prices. Litecoin’s Price Surges Amidst Transfer It is worth noting that Canadian authorities recently approved the free trading of Litecoin (LTC), further amplifying interest in the cryptocurrency. However, despite this noteworthy transfer, LTC’s native token has experienced a 6.47% price increase within the last 24 hours, currently trading at $111.56, according to CoinMarketCap data. Nonetheless, there are projections of bearish sentiment for LTC due to a significant decrease in trading volume. In the coming hours, the trading volume is expected to decline by 35.66%, plummeting to $2 billion. Hence, market participants are closely monitoring these developments to ascertain the potential impact on Litecoin’s performance. As the crypto community continues to digest this surprising transfer, speculation abounds regarding its motive and the identity of the unknown wallet receiving the funds. The substantial nature of the transaction raises questions and fuels curiosity, compelling stakeholders to seek answers. The recent transfer of Litecoin from Binance to an unknown wallet has captivated the cryptocurrency community. With the impending Litecoin halving and the approval for free trading of LTC in Canada, this transaction’s implications have captured market participants’ attention. As the price of LTC remains relatively strong despite the transfer, the future trading volume will likely determine the short-term outlook for the cryptocurrency. Highlighted Crypto News Today: Canadian Government Removes Cap Limit on Litecoin (LTC) Trading

The collection, which is due out on July 3rd, has 20 unique designs. Each design captures the spirit of Ronaldo’s goal-scoring skill. Cristiano Ronaldo has released his second collection of Non-Fungible Tokens (NFTs) on Binance. Thus, the Portuguese celebrity has strengthened his position in the NFT market. The new “ForeverCR7: The GOAT” NFT collection is dedicated to celebrating Ronaldo’s incredible feats throughout his career, most notably his jaw-dropping goals scored for his club and country. The extraordinary value of owning an extremely rare NFT extends well beyond the purely digital realm. One perk is a soccer shirt autographed by Cristiano Ronaldo, which is a once-in-a-lifetime opportunity for any soccer lover. Four Rarity Tiers The collection, which is due out on July 3rd, has 20 unique designs, each of which depicts one of Ronaldo’s most memorable goals. These patterns are separated into four rarity tiers to provide collectors more freedom to choose items that best suit their tastes. Each design captures the spirit of Ronaldo’s goal-scoring skill, whether it is a spectacular bicycle kick or a strong long-range shot. The very unique NFTs, of which there are six different designs, are among the collection’s most prized pieces. These incredibly limited edition NFTs are highly sought after by collectors due to their scarcity. Cristiano Ronaldo’s first NFT collection, in particular, had a rocky introduction to consumers. The collection’s reception and success were negatively impacted by a number of reasons due to the timing of its release. As a result of FTX’s demise, the cryptocurrency market as a whole saw a fall, and investor confidence plummeted. Nonetheless, Ronaldo’s second collection may appeal to a wider audience because of the rising popularity and comprehension of NFTs among collectors and enthusiasts and the possibility of improving market circumstances. Highlighted Crypto News Today: Surprise Transfer of $16M in LTC Sparks Speculation and Excitement

The ETF registrations were “inadequate” as per SEC was out on Friday. Blackrock had already picked Coinbase as its SSA partner. Four companies resubmitted their spot bitcoin ETF applications on Friday after it was reported that SEC was dissatisfied with the previous round of filings by several major financial institutions. These institutions included Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco. Information that the ETF registrations were “inadequate” was out on Friday by people familiar with the matter, according to an article by WSJ. A Cboe official reportedly acknowledged in the WSJ report that the exchange plans to resubmit its spot bitcoin ETF registrations. After promising to revise and update the documents given by Fidelity, Vaneck, Invesco, and Wisdomtree, Cboe followed through. Banking on Coinbase On Friday, a major change to the modifications took place when Coinbase was added as an SSA partner. Blackrock had already picked Coinbase as its SSA partner, and although they didn’t resubmit their applications, neither did Ark. To this day, the U.S. regulatory authority has doubts about the spot Bitcoin ETF’s sponsors’ capacity to protect investors from fraud and manipulation. Despite the SEC’s approval of several futures ETFs, spot Bitcoin ETF is facing a hard time. Intriguingly, both the most recent ETF applications and Blackrock’s filing include Coinbase as an SSA partner. But it’s worth noting that Coinbase is in the middle of a legal battle with the securities regulator as a result of a complaint brought by the SEC against the exchange. The community is waiting to see whether the SEC will accept the resubmitted spot Bitcoin ETF filings now that Coinbase has been added as a surveillance-sharing partner, especially amid the legal battle. Highlighted Crypto News Today: FedNow Payment System’s Early Adopter List Excludes Blockchain Firms

Discover the notable increase in burned Shiba Inu despite a quiet trading weekend. However, the price has also not been in its best shape. SHIB burn rate has spiked by 150% in the last 24 hours. Recent observations on the Shiba Inu network have revealed a noteworthy rise in the number of coins being burned, despite a relatively quiet weekend trading session. The burn rate of SHIB has experienced a remarkable increase, doubling to reach an impressive 150%. Token burning involves intentionally removing tokens from circulation, thereby reducing the overall supply. In the case of Shiba Inu, the surge in the burn rate over the weekend holds the potential for positive price movements in the coin. With a reduced supply, each remaining token may experience an increase in price, assuming demand remains steady or grows. Source: Shibburn Shiba Inu price in the red amidst rising burn rate However, it is worth noting that Shiba Inu is currently facing challenges in the market. The recent Poly Network hack led to the sale of over 90 billion Shiba Inu, exerting significant selling pressure. Despite this, the coin has demonstrated resilience, as its price has remained stable at the usual level of $0.0000075. This price stability, despite the increased selling pressure, suggests a healthy level of liquidity for Shiba Inu on the market. The heightened burn rate, coupled with this resilience, sets the stage for a potential substantial price surge in the near future. However, it is crucial to closely monitor the consequences of the recent hack and track wallets associated with the exploiter. As is customary in the realm of cryptocurrencies, exercising caution is vital. The market is renowned for its volatility and susceptibility to various influencing factors. Investors should remain informed and only invest funds they can afford to lose.