Withdrawals must be completed by August 26th, according to a Twitter notification. Cardinal claims that Alameda’s investment was negligible. Almost a year post collecting $4.4M to enhance the usefulness of non-fungible tokens (NFTs), Solana’s Cardinal protocol is shutting its door owing to economic constraints. Withdrawals must be completed by August 26th, according to a Twitter notification. By providing protocols and SDKs for staking, renting, subscribing, royalties, and trading, Cardinal Labs was an infrastructure supplier committed to facilitating NFT use cases on Solana. According to the shutdown timetable, some services, such as staking pool formation, token administration, NFT rentals and rental renewals, social media handles, and new deposits, will cease to function on July 19. The deadline for completing withdrawals is August 26th, when the two-month notice period finishes. Alameda’s Investment Negligible Seed investment for Cardinal totaled $4.4 million and was headed by Protagonist and Solana Ventures. With participation from Animoca Brands, Delphi Digital, CMS Holdings, and the sister business of defunct cryptocurrency exchange FTX, Alameda Research. Cardinal claims that Alameda’s investment was “a very small piece of the round.” Therefore it did not add to the firm’s collapse. Pre-seed investment of $750,000 was secured from Neo Ventures in 2021. Over 65,000 NFTs were staked on the protocol as of July 2022, and Cardinal raised a total of $5.2 million over the course of 18 months. The NFT market seems to be progressively developing, despite the current difficulties. DappRadar has released research stating that Q1 2023 was the greatest quarter for the NFT market since Q2 2022. Intense competition among NFT markets helped keep overall performance good despite a decline in trading volume throughout March. Highlighted Crypto News Today: Paxos Partners With Mercado Libre To Offer USDP Stablecoin Access

SANTA CLARA, Calif.–(BUSINESS WIRE)–In 2023, a key year for the alternating bull and bear market in the digital currency field, the entire industry is undergoing earth-shaking changes in an era where “risk” and “opportunity” coexist. The YOMAEX exchange recently announced that its registered users exceeded 10 million and its transaction volume exceeded 1 billion US dollars, further consolidating its position as a leading exchange. This milestone achievement has attracted widespread attention from global digital currency investors and injected new impetus into the development of the industry. Seeking Change in Stability, Building a Solid Barrier for Long-term Development Perry Schmidt, head of marketing of the YOMAEX platform, delivered an inspiring speech at this important moment. He emphasized: “In the face of changes in the industry, we adhere to the strategy of ‘seeking change in stability’, focusing on technological innovation and product polishing, aiming to lead a new era of digital currency transactions. Our self-developed high-speed trading engine can process millions of orders per second, and is at the forefront of the entire industry.” When talking about compliance, he said: “We have always firmly believed that compliance is an important guarantee for the long-term development of the industry. YOMAEX has been certified by multiple international regulatory agencies, which is the best way for us to provide users with a safe and reliable trading environment.” Perry Schmidt is even more confident about the future. He announced: “YOMAEX has more than 10 million registered users, and the daily transaction volume has exceeded 1 billion US dollars.” Rich Ecosystem, Realizing YOMAEX’s Global Vision In addition to the development of the exchange, YOMAEX is also committed to building a rich ecosystem and realizing its global vision. Perry Schmidt also said: “Our goal is not only to become the largest exchange, but also to build a rich ecosystem through diversified sectors with YOMAEX Academy, YOMAEX Research, YOMAEX Labs, and YOMAEX Charity.” In concluding his speech, he emphasized: “YOMAEX’s goal is to lead the development of a new era of digital currency trading with unique advantages such as rich and practical investment tools, advanced engine systems, top security technology, and huge community partners. We look forward to working with the world digital currency investors to jointly explore the possibility of the future.” Contacts PR Email: [email protected] Website: https://www.yomaexi.org/

New York, New York, June 30th, 2023, Chainwire Memecoin Mooky is gearing up for its final presale phase, having raised $900,000 to date. More than just a novel crypto token, Mooky aims to support the environment through a major tree-planting campaign. Mooky will be a community-driven platform whose governance lies in the hands of its token holders. While the MOOKY token draws its cues from other successful memecoins, the project has a more ambitious mandate. Mooky was conceived to increase awareness of global environmental challenges and to provide real-world solutions. The project aims to raise enough funds to sustain an extensive reforestation initiative in key locations around the world. As part of its commitment to nature, Mooky has earmarked donations to charities working on sustainable environmental causes. From a crypto-economic perspective, the MOOKY token features zero tax and low slippage, providing ample incentives for traders to get involved. Underpinning the project is a deep lore that aligns with Mooky’s core goals. Mooky is based on the concept of a mythical land called Pygmy. This fantastical realm has stunning landscapes, abundant vegetation, and wildlife. As settlers came to the island, they destroyed the vegetation and polluted the air. The monkeys of Pygmy decide to fight back peacefully, teaching the settlers how to respect nature and live harmoniously. Under the leadership of Mooky, they become united and restore nature. To support the project’s development while providing greater opportunities for community participation, Mooky has created a collection of 1,000 NFTs. Each NFT is linked to a tree planted in the real world. Holders can access the Ventures Club, which grants access to exclusive rewards and events. With five days left in the $MOOKY token presale, there is still ample opportunity for crypto holders to get involved and capture the upside to a project that combines memes and nature to great effect. About MOOKY MOOKY is a community-driven initiative launched in 2023 that embraces the spirit of digital innovation to make a positive impact on the environment. More than just a meme token, MOOKY represents a global community united by a common goal: to inspire change and contribute to global tree-planting efforts. MOOKY also stands as a symbol of creativity in the digital space, offering unique 3D NFTs that are each linked to real-world tree-planting initiatives. These NFTs serve not only as digital collectibles but also as an entry ticket to the exclusive Mooky Ventures Club, a vibrant community of environmentally conscious enthusiasts. MOOKY is more than a digital token; it’s a movement aiming to better our environment while fostering a unique and engaging digital ecosystem. Join MOOKY in its journey to make a difference and follow the community on various social channels to stay updated. Users can purchase MOOKY here. Website | Presale | Telegram | Instagram | Twitter | Discord Contact Mookashi N [email protected]

The Foundation has announced that the testnet will launch on July 5. In March, the team predicted that the public testnet will be live by the end of July. As part of its plan to leave the Ethereum ecosystem by the end of 2023, the DYDX Foundation, the non-profit behind the famous DEX, dYdX, has preponed the launch of the public testnet of its Cosmos-based blockchain. The Foundation has announced that the testnet will launch on July 5, sooner than previous date. In March, the team predicted that following the third milestone (private testnet), the public testnet will be live by the end of July. The impending launch is the fourth of five planned developments for dYdX to test its Cosmos-based blockchain before the mainnet goes live. Several enhancements to the network were implemented during the private testnet, including support for limit orders, dynamic funding rates, ABCI 2.0, and other features of the Cosmos-SDK. Migration from Ethereum Network More functionality, including order books, account balances, order histories, and market data, will be available for testing and exploration on the public testnet. There will be numerous validators all over the place, all running the network software. Even though Bitcoin and Ethereum markets will be the only ones supported by the next testnet at launch, the group hopes to eventually grow the network to cover at least 30 other markets. In September, assuming the DEX has finished its testnet migration from Ethereum to Cosmos, it will go on to the last milestone (v5) before the ultimate launch of the mainnet. dYdX has said that the lack of scalability in Ethereum is the main motivation for its departure from the platform. After looking into numerous layer2 alternatives, the group found that Ethereum’s transaction processing speed was inadequate. Highlighted Crypto News Today: Coinbase Layer-2 Network Base Nears Mainnet Launch

A digital wallet software developed by Mercado Libre will be used to process payments. Paxos’ launch coincides with a rise in global requests for rules pertaining to stablecoins. Paxos, a blockchain-based financial technology startup, has revealed plans to launch its Pax Dollar (USDP) stablecoin in Mexico through a partnership with online marketplace Mercado Libre. MercadoPago, a digital wallet software developed by Mercado Libre, will be used to process payments. Moreover, this recent action is part of Paxos’s larger strategy to become a regional leader in digital assets. Also, According to the company’s data, Latin American clients make up over 60% of its active wallets. Focusing on Key Expansion Paxos and Mercado Pago are expanding their relationship by adopting USDP. Thus, allowing Mexican users to get access to the regulated stablecoin through Mercado Pago. Arnoldo Reyes, Paxos’s Head of Latin America, made a statement emphasizing the region’s growing desire for technological transformation among its digital asset users. Arnoldo stated: Furthermore, Paxos’ USDP stablecoin is closely monitored by the New York State Department of Financial Services (NYDFS). The funds and their equivalents are retained as reserves for USDP, and attestation reports are provided by WithumSmith+Brown, PC, a third-party accounting company. In addition, the corporate website declares that all audits are performed in compliance with the attestation criteria established by the AICPA. On the other hand, Paxos’ launch coincides with a rise in global requests for rules pertaining to stablecoins. Highlighted Crypto News Today: Binance Reportedly Denied Crypto Custody License by Germany’s BaFin

Binance is still making efforts to comply with BaFin’s standards. Beginning in 2020, custody providers and crypto exchanges need a BaFin license. According to reports, Binance has been notified that BaFin, the German financial regulatory organization responsible for monitoring banks, financial services institutions, insurance companies, and stock exchanges, would not be issuing a crypto custody license to the exchange. On Thursday, the local media outlet Finance Forward published the news, citing persons acquainted with the subject. However, the article acknowledged that the nature of the refusal is unclear, namely if it was an official decision from BaFin or an intention conveyed during continuing conversations. Efforts Underway According to Binance’s statement, the exchange is “unable to share details of conversations with regulators,” but it is still making efforts to comply with BaFin’s standards. A representative from Binance said: In order to market their services to German consumers and do business inside the country beginning in 2020, custody providers and cryptocurrency exchanges will need a BaFin license. Coinbase Germany received the first BaFin license to operate a cryptocurrency custody platform in June 2021. According to Wirtschaftswoche, Binance was one of Germany’s largest platforms in February 2023, with as many as 2 million members. Users in Germany may still access and utilize Binance despite the exchange’s lack of a local license. The news that Binance’s European banking partner Paysafe Payment Solutions plans to withdraw support for the exchange came earlier today, so the refusal of a license would still be a setback for Binance if it were confirmed. Highlighted Crypto News Today: Coinbase Layer-2 Network Base Nears Mainnet Launch

Bitcoin Cash (BCH) surges over 107.56% in seven days. BCH is in bearish momentum and hits an all-time high price of $298. Bitcoin Cash, the junior of the powerhouse Bitcoin, is currently experiencing a bullish trend. Today, its price has surged by 30%, reaching an all-time high for this year at $298. This significant increase in price can be continued with the constant upward movement of Bitcoin Cash in recent weeks, with a remarkable 107.56% increase over just seven days. BCH Price Chart, Source: TradingView Bitcoin Cash (BCH), Strong Player in the Field? Bitcoin Cash has been gaining popularity among crypto enthusiasts and has been successful in building a strong community. It has been outperforming major cryptocurrencies, and one contributing factor to its success is the launch of EDX Markets, which has particularly benefited it. Additionally, the Bitcoin Cash network underwent a major upgrade on May 15. It enables developers to create tokens with the same properties as BCH. These tokens, known as “CashTokens,” can be issued by anyone using the network, further expanding the utility and potential. Also, It is worth noting that the surge in Bitcoin’s price above $30,000, along with the celebration of the Bitcoin ETF, has played a significant role. As a result, the community is enjoying continuous upward momentum, with some sarcastically speculating that it could reach $1,000. According to CoinMarketCap, the current price of BCH stands at $296. With a high of $305 and a low of $225. Its market capitalization is $5,752,686,225, and it has a circulating supply of 19,435,338 BCH, out of a maximum supply of 21,000,000 BCH. In conclusion, Bitcoin Cash is currently exhibiting outstanding performance. Its recent surge, following a prolonged period of stability, is highly notable. However, considering the inherent volatility of the cryptocurrency market, it is crucial to exercise prudence and recognize that market conditions can swiftly shift. Related Read Bitcoin Cash Experiences Significant Upswing After Inclusion on EDX Markets

On February 23, Coinbase made the official launch of Base. Base has not announced a specific date for the mainnet launch. In anticipation of Base’s mainnet launch, Coinbase affirmed on Wednesday that its Ethereum Layer-2 network had been subjected to extensive security evaluations conducted by researchers. Reports indicate that Coinbase commissioned a six-month internal audit from its protocol security team to thoroughly test the security of Base, built on the OP stack in collaboration with Optimism, announced in February. Coinbase stated: The purpose of Layer-2 solutions is to enhance the cost-effectiveness and efficiency of transactions on networks such as Ethereum. These solutions achieve this by processing transactions in a separate space and subsequently relaying the outcomes back to their respective network. While Base has not announced a specific date for the mainnet launch, it has clarified that unlike another layer 2 blockchains such as Polygon, Optimism, and Arbitrum, it will not introduce a native token into its ecosystem. Highlighted Crypto News Today Coinbase Scores a Legal Victory as the Supreme Court Rules in Its Favor

A panel of specialists has deliberated on the extent of regulation required at Polkadot Decoded Web3 Foundation’s CLO Daniel Schoenberger calls for legal clarity that fosters Web3 innovation and to support startups in the field. Web3 Foundation, whose flagship project is Polkadot, held an expert panel at Polkadot Decoded on the current state of Web3 regulation in the EU and its impact on the Web3 space. Panelists argued that web3 technology needs a tailored regulatory approach and that regulations should be focused on behavior rather than technology. Schoenberger goes on to argue, the EU remains a frontrunner with its Market in Crypto Assets (MiCA) Regulation, while other markets such as the US, run the risk of falling behind in creating clear rules that enable the industry. The panel agreed that tokens are a substantial part of blockchain technology and should not be treated as financial instruments but as tech first. COPENHAGEN, Denmark–(BUSINESS WIRE)–Web3 Foundation whose flagship project is Polkadot, held an expert panel at Polkadot Decoded this week on the current state of web3 regulation in the EU. The panelists discussed the benefits of web3 blockchain technology that could help solve current Web2 challenges such as internet privacy, security and the use of intellectual property. Panelists agreed that web3 technology needs tailored regulations that reflect the uses of blockchain technology and should focus on behaviors rather than technology. The discussion outlined the importance of legal clarity for Web3 entrepreneurs and why jurisdictions such as the EU are surpassing laggard jurisdictions, which are mired in definitional and jurisdictional uncertainty. This panel follows Daniel Schoenberger, Chief Legal Officer of the Web3 Foundation and his testimony before the US Congress on regulating digital assets, where he argued the current regulatory approach has held back innovation in the Web3 space. Regulators across the globe are approaching regulation in different ways from the regulatory enforcement actions by the United States’ Securities and Exchange Commission to the EU’s most recent legislation, the Market in Crypto-Assets (MiCA) Regulation coming into force this month. “The Web3 Foundation sees its role as helping regulators to understand blockchain technology. Companies should be regulated for what they are, and what they do. We are encouraged by how some jurisdictions have tailored their regulations to the reality of the technology. A good example of this deep understanding is, the EU’s MiCA regulation, which has included its own class of utility token, a crucial step to recognizing the different classes of tokens based on their functionalities,” said Daniel Schoenberger, Chief Legal Officer of Web3 Foundation during the panel. Also, joining Daniel Schoenberger on the The Decentralized Web: How Much Regulation is Necessary? panel were: Joachim Schwerin, Principal Economist at the European Commission; Paige Collings, Senior Speech and Privacy Activist at Electronic Frontier Foundation; Alfred Früh, Professor of Private Law at the University of Basel; and, Ana Trbovich, Vice Chair of Energy Web Foundation. Outlining his view of blockchain technology, Joachim Schwerin, Principal Economist of the Digital Transformation of Industry unit within the Directorate-General Internal Market, Industry, Entrepreneurship and SEMs of the European Commission, said, “Blockchain is a societal revolution. Blockchain is something that puts decentralization and empowerment bottom-up first, and we have demonstrated that already, when we declared that blockchain is an innovation priority for Europe for the next decades to come in every policy field. That is the first time ever in the history of the European Union that we have made such a statement about a technology so shortly after it had emerged.” Describing the need to regulate behavior and not technology, Ana Trbovich, Vice Chair of Energy Web Foundation said, “For the same reason we don’t talk about regulating Python. The underlying premise of good governance is that you have to be technology neutral, blockchain should never be regulated, certain applications should be.” Explaining Web3’s role in protecting privacy risks, Paige Collings, Senior Speech and Privacy Activist at Electronic Frontier Foundation, said, “It is important that any regulation should be addressing behaviors rather than technologies. Just because something is decentralized doesn’t mean we don’t have bad actors. We need to make sure the same considerations of the centralized web are being applied in the decentralized world as well, and that we are not just taking this as an opportunity to innovate without any consideration of people’s speech and privacy, but we are putting that at the forefront of any new developments.” Speaking on the potential for blockchain technology to support the protection, use and commercial exploitation of intellectual property, Alfred Früh, Professor of Private Law at the University of Basel, said, “Web2 broke the copyright system. We have tools that have the potential to get control back to creators. We have to find the dialogue with authorities that have been doing this for a long time, patent and trademark offices, copyright offices, for example, so we can integrate them into the whole ecosystem.” Contacts Media Ursula O’Kuinghttons Director of Communications and Partnerships, Web3 Foundation [email protected]

From the present threshold rate of up to 25%, the taxes will drop dramatically to 7%. Up to 2,400 euros ($2,600) received in cryptocurrency will be exempt from taxation. Lower crypto taxes and other measures impacting the crypto sector were approved by the National Council of the Slovak Republic, Slovakia’s parliament. An amendment that would lower individual income tax on gains from the sale of cryptocurrency held by the holder for a minimum of twelve months was approved by a majority of the National Council on June 28. Massive Boost for Sector From the present threshold rate of either 19% or 25%, the taxes will drop dramatically to 7%. Moreover, up to 2,400 euros ($2,600) received in cryptocurrency will be exempt from taxation. In addition, the measure exempts cryptocurrency earnings from the 14% health insurance levy. A local Slovakian news outlet said that the Ministry of Finance estimates an annual financial affect of roughly 30 million euros as a result of the modification. A similar amendment, protecting citizens’ right to use currency in the face of discussion of a digital euro, was enacted by parliament only weeks before this one. The European Union, of which Slovakia is a part, has been keeping a close eye on the crypto industry’s growth in neighboring countries. The European Union (EU) officially enacted its historic Markets in Crypto-Assets (MiCA) laws on May 31. The goal of the new rules is to make Europe a center for trading digital assets. Companies operating in this sector have lauded MiCA since its initial debut in 2020 for providing much-needed regulatory certainty. On the other hand, the United States, another key market, has yet to establish as extensive standards for the business as in other countries. Due to the regulatory crackdown by U.S. SEC, many crypto firms are looking for a safe haven outside of the U.S. Highlighted Crypto News Today: Coinbase Layer-2 Network Base Nears Mainnet Launch

The annual Canada Crypto Week is set to captivate Toronto this August 13 to August 19, 2023, with an exciting week-long celebration featuring a series of 45+ engaging events. Canada Crypto Week showcases Canada’s thriving Web3 ecosystem, bringing together 10,000+ attendees across the week of festivities. It provides a platform for networking, knowledge sharing, and collaboration, highlighting blockchain’s potential and industry impact. The highly acclaimed anchor event Blockchain Futurist Conference, now in its fifth year, serves as the centerpiece of Canada Crypto Week. Taking place from August 15 to August 16, 2023, at the Rebel Entertainment Complex and Cabana Pool Bar, this conference stands as Canada’s largest event dedicated to Web3, Crypto, and Blockchain. The week of festivities is organized by numerous Web3 community groups and companies, hosting a diverse range of events throughout the week, including both private and public gatherings. Highlighted events during Canada Crypto Week include: Crypto Ecosystem Night hosted by VirgoCX The Future is Wild – An Immersive NFT Gallery Experience with DJ Fungible Women’s Breakfast hosted by 8 Top Women Web3 Organizations Developer Decentralization Event hosted by Stratos Cosmos & Informal Systems Meetup with Co-Founder Ethan Buchman Kids Blockchain and AI Interactive Event by Professor Meta Canadian Deepdive Unconference hosted by 15 Top Web3 Community Groups Private VIP Event hosted by Kraken CryptoBabes Toronto MeetUp CryptoChicks & NFTO Evening Event Bored Ape Club Private Gated Event for Ape Holders ETHToronto Hackathon Series – a web3 builders competition ETHWomen Hackathon – a women-focused and inclusive event series Blockchain Futurist Conference 2023 – Canada’s Largest Web3 Event During Canada Crypto Week, companies can host their own events alongside the main festivities, capitalizing on the conference’s ability to attract over 50% international attendees and sponsors. This provides a platform for international companies to organize private events, engaging their teams, clients, and the local Toronto community. It also boosts business for local bars and restaurants, creating a lively atmosphere in the region. Untraceable CEO, Tracy Leparulo, says, “As a Toronto-based female-founded company, we take immense pride in organizing Canada Crypto Week and collaborating with external community groups and companies to curate a week-long celebration throughout downtown Toronto. Our mission is to elevate Canadian innovation, highlight top Canadian talent, and foster support for local bars, restaurants, event centers, and hotels. Together, we strive to showcase the best of Canada’s blockchain ecosystem and contribute to the growth of our vibrant local economy.” Canada Crypto Week is a staple week-long celebration that unites the Canadian community. This event serves as a testament to Canada’s dedication to fostering innovation, collaboration, and responsible growth in the blockchain and Web3 sectors. To learn more about Canada Crypto Week or to submit your own event, please visit CanadaCryptoWeek.com Media Contact: Untraceable Events [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.

Solana (SOL) price sored over 18% in the last 24 hours. SOL is currently in the buy zone. Solana (SOL) the so-called “Ethereum Killer” price, climbed more than 18% in the last 24 hours to reclaim its $19 range. At the time of writing, Solana price had surged over 13% in a week and 28% in the last 14 days to trade at $18.97. The SOL price rally may last a long time as the price uptick was accompanied by an upswing in trading volume. The 24-hour trading volume soared about 256% to $1.05 million, and the SOL market cap rose 18% to $10.4 billion. Also, Solana’s one-week price suggested that the price uptick might continue as the graph registered as bullish. According to Tradingview, SOL’s open interest increased; an uptick in the metric generally means that the on-going price trend continues longer. Solana (SOL) Price Chart (Source: Tradingview) However, Solana recently faced an SEC challenge, in which the regulators claimed Solana’s SOL as a Security. Ryón Nixon, who served as Solana’s genesis general counsel, said the SEC labeling “SOL as a security is inaccurate”. Despite all the challenges, Solana attracted crypto investors. Also, over the past seven days, Solana NFT sales volume witnessed a significant surge of over 25%. Furthermore, both the number of NFT buyers and sellers experienced a substantial increase of more than 35%. According to data from Dappradar, the top three collections during this period were GGSG, Ec.io, and SolPunks. Recommended for you Solana (SOL) Price Prediction 2023

Exito Media Concepts unveiled the DT 100, a magazine which commemorates the extraordinary accomplishments of technology leaders in the UAE at the Digital Transformation Summit which took place on the 14-15 of June 2023 at the Ritz Carlton, Dubai International, Financial Centre. DT 100 recognises individuals who have made outstanding contributions to the advancement of technology in the region. Here is the esteemed DT100 list: Veneeth Purushotaman – Group Chief Information Officer, Aster DM healthcare Srinivasan Sampath – Acting Chief Technology Officer, First Abu Dhabi Bank Abdalla Al Ali – Director IT and Innovation, DMCC Authority Aiman Othman – IT Director, Union Coop Sebastian T. Samuel – Chief Information Officer, AW Rostamani Group Tamer Hamed – Chief Information Officer, DUCAB Eng. Isha Aljasmi – IT Director, Ministry of Energy & Infrastructure Gigi Mathew Thomas – Group Head – IT & Digital Transformation, Ittihad International Investment LLC Abdul Rahmaan Ismail – Head of IT UAE, SAAB Group Rajesh Kumar Bhaskaran – Head – Core Technology Platforms, EMIRATES NBD Munir Majdalawieh – Head of Information systems and Technology Management Department (Department Chair), Zayed University Dubai Swapnil Kelaiya – Head of IT & Digital Transformation, Smith + Nephew Alexei Ivanov – Head Of Information Technology, MAPYR FZCO Rahul Otawat – Vice President – Data Science and Analytics, Mashreq Bank SatyaShankar Chirravuri – Head of Technology Platforms – Cloud & Security, Al-Futtaim Jayant Sharma – Digital Experience Platform Director, Miral Experiences Somy Varghese – Head of Digital Transformation & Technology, Etoile Group Himanshu Puri – Head Of Information Technology (CIO), King’s College Hospital London – UAE Gyan Prakash Srivastava – Head – Data Management , Analytics & Data Governance, Mashreq Bank Carl Siddons – SVP Digital Design, ALDAR – Real Estate Amna Saleh AlHammadi – Head of Health Systems and Integration Section, Acting Director of Health Information Systems Department, Emirates Health Services Akash Lall – General Manager IT Digital, Sobha Realty Ehtisham Syed – Executive Director IT, Falconpack Dr. Hamad Khalifa Al Nuaimi – Telecommunications Specialist, Abu Dhabi Police Vineesha Hk. – Regional thought leader – Digital & CX UAE MENA, Women Leader of the Year Dr. Sid Ahmed Benraouane – Dubai Government Advisor | MENA Government Advisor, Dubai Government Dr. Ebrahim Al Alkeem – Digital Transformation, Cyber Security and Artificial Intelligence Expert, Government of Abu Dhabi United Arab Emirates Dr. Ebrahim Hasan Al Khajeh – Division Director of Human Capital Member of the Strategic Transformation Committee, Abu Dhabi Customs United Arab Emirates Suleiman Mohammed Aldabbas – Digital Transformation Expert – Public Sector, UAE Awad Ahmed Ali El-Sidiq – Head of Artificial Intelligence & Analytics, ADNOC Manal Allam – IT Head & Business Partner, Merck Group Jad Hindy – Senior Vice President Marketing, Expo City Dubai Kelly Machado – Digital Strategy & Transformation, UAE Government Taghrid Alsaeed – Executive Director – Group Communications and Destination Marketing, Miral Raed Kuhail – Executive Director, Digital and Technology, Miral Sarfaraz Muneer – Vice President, Cyber Security and Technology Platform, Mubadala Vishal Anand – Senior Director IT, Jumeirah Group Aus Alzubaidi – Director of IT, Cybersecurity & Media Management, MBC Group (Middle East Broadcasting Corp) Sumit Srivastava – Digital and Commercial officer, A leading Digital Services provider Bart Pietruszka – Chief Data & Analytics Officer, Wholesale Data, Analytics and CRM, HSBC Bank Middle East Nitin Bhandari – SVP & Head of Payit Digital Wallet, First Abu Dhabi Bank (FAB) Giovanni Gavino Everduin – Head of Strategy & Innovation, Commercial Bank International Dr. Thierry Lestable – Executive Director, Artificial Intelligence & Digital Science Research Center (AIDRC), Technology Innovation Institute (TII) Kareem Refaay – Managing Director GCC & MENA, The London Institute of Banking & Finance Moe Abeidat – Group VP of Technology (Executive Committee), Aramex International Krishnan Gopi – Group Chief Disruption Officer, GEMS Education Imran Kannuti – Head, Banking Operations Digitization & Transformation, Banque Misr UAE Sivakumar Venkatraman – Chief Technology Officer, Lockton (MENA) Limited Jayaraj Perumalsamy – Group Head of IT & Digital Transformation, Barakat Group of Companies Ronit Ghose – Global Head – Future of Finance, Citi ElFadl Ibrahim – Advisor, Digital Oilfield, ADNOC Stephen Kruger – CTO, Careem Chirenj Chandran – CEO, MySyara Debbie Botha – Chief Partnership Officer, Women In Ai Naushad Mohammed – Director – IT, Reem Hospital, Vamed Healthcare Meshal Abdulla Binhussain – CIO Ministry of Finance Eyad Kashkash – EVP, Group Head of IT, Al Ramz Corporation PJSC Mamoun Alhomssey – Executive Vice President Technology, ADIB Linoy Kidd – MSs cio menat, HSBC Murali Mohan Thupakula – Group Director of IT – Digital Transformation, Geidea Billel Ammour – Head of IT & Digital, Taqeef Younis Othman – Senior Manager- Director of IT Department, Dubai Customs Salahuddin Almohammadi – Group IT Director, HSA Group Bisrat Degefa – Director – Head of Digital Developments, Gleeds Ravindran Ramiah – CTO, Aafaq Islamic Finance PSC Mohammed Ahteshamuddin – Head of Information & Technology, FlyDubai Umesh Moolchandani – Chief Information Officer, Bin Dasmal Group Santosh Shetty – CIO/Head of IT, Liwa Trading Enterprises LLC Arun Kumar Mohta – Group IT Head, FJ Group Vippon Kumar – Associate Director – IT, Plaza Premium Group Ezzeddine Jradi – Chief Transformation and Business Excellence Officer, EMICOOL LLC Hiren Desai – Head Of Information Technology, Burjeel Medical City Vignesh Bala Pillai – Vice President, Technology, Mashreq Manish Agarwal – Chief Information Officer, M H Enterprises LLC Dylan Fernandes – Head Of Information Technology, Lavoya Restaurants Group Somnath Sarkar – CISO – Group Head of Information Security, Mashreq Bank Tarek Soubra – Chief Technology Officer, Al Maryah Community Bank Shumon A Zaman – Chief Information and Digital Officer, Ali & Sons Holding LLC Ibrahim Al Najjar – Vice President Information Technology, DP World Ali H Ghunaim – Director Of Information Technology, Canadian Specialist Hospital Suraj Nair – Director – Digital Services (Middle East, North Africa, Pakistan), Mondelēz International Lenish Kannan – CIO, WESTERN INTERNATIONAL GROUP – NESTO/GEEPAS Khaldun S.A Al Khaldi – VP- Head Of Enterprise Infrastructure Services, Dubai Islamic Bank Jacob Mathew – Head Of Information Technology, Government of Abu Dhabi Entity Syed Ali Naqvi – Head of Cyber Security, HBL – Habib Bank Limited , Dubai Miguel Rio-Tinto – Group Chief Digital and Information Officer, Emirates NBD Gokul Gopalakrishnan – Head of Information Technology, Acino Peter Gesper – Director of Information Technology, Majid Al Futtaim Neeraj Tiwari – Head of Digital Technology, Kuwait Food Company (Americana) , Dubai Dr. Joseph George – Chief Technology Officer, Smart Salem Sasidhar Merugu – Head of Information Technology, Shalina Healthcare Sourabh Shukla – Head IT PMO, AWR Mustansir Aziz – Head Of Information Technology, Automech Group Jitesh Goradia – IT Director, DarGlobal Aslam Labeeb – Head of Supply Chain & IT, Gulf International Mohammed Tarik Kouba – Head of IT – Quality – Service and Technology Business Management. Mohammed Ameen – CIO/CTO/Tech Director, Masafi LLC Sanil Abdulla Manoly – Head of IT, Uuniversity Of Wollongong Dylan Fernandes – Head Of Information Technology, Lavoya Restaurants Group Dr. Tariq Al Hawi – Program Director, UAE Smart Government Diaa Moustafa – Head – Technolgy Platform, Abu Dhabi Commercial Bank About Exito: Exito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands. For more information about DT 100, including the complete list of nominees and the Digital Transformation Summit schedule, please visit our official event website: https://digitransformationsummit.com/uae/dt-100/ For press inquiries or media coverage requests, Contact: Mithun Gopinath 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.

Shiba Inu skyrocketed in popularity among Ethereum’s Top 100 Whales. An unknown wallet burned 27 million SHIB tokens. Shiba Inu (SHIB), the popular dog-themed memecoin, becomes the top-held cryptocurrency among the 100 Ethereum (ETH) whales. The memecoin has gained significant attention in recent months and has skyrocketed in popularity among Ethereum’s Top 100 Whales. According to the Whalestats report, the top 10 ETH whales hold 49,621,465,093,470 (49.62 trillion) SHIB tokens worth $601,204,724 ($601.20 million) in their wallets. SHIB becomes the fourth top-held token among ETH’s top 100 whales, following Ethereum, USD Coin (USDC), and Tether (USDT). Mysterious Shiba Inu Burn by Unknown Wallet Shiba Inu became the most traded token among the top Ethereum whales. Moreover, SHIB is the biggest token position by dollar value. This unexpected surge in SHIB highlights the growing influence of memecoins in the crypto market. It is a remarkable achievement for the SHIB to be favored by Ethereum’s top 100 whales. However, the top 100 ETH whales continue to choose Ethereum, as they currently own a remarkable 3,126,300 (3.12 million) ETH. The Ethereum whale’s interest comes after SHIB’s creator announced that the development of Shibarium has reached its final stage. Recently, the SHIB community reported that an unknown wallet burned 27 million Shiba Inu tokens. SHIB has gained considerable attention as a memecoin and garnered with the burn by the mysterious wallet. At the time of writing, the trading price of Shiba Inu is around $0.000007342, with an increase of over 1.35% in the last 24 hours. The trading volume of the SHIB has experienced a decline of 25.83%, according to CoinMarketCap.

U.K.’s progressive crypto regulations aim to create a global crypto hub. U.S. crypto regulation focuses on investor protection, causing market volatility. Hong Kong integrates crypto despite potential risks, transforming its financial landscape. Cryptocurrencies, once the plaything of tech enthusiasts and a curiosity of the financial world, have matured into an undeniable force that cannot be ignored. These digital assets have transformed from an esoteric concept to a global financial trend. As a result, forging their paths across diverse geographical boundaries from East to West. But as their influence grows, so does the need for regulation. As per reports, a global patchwork of regulatory approaches has emerged, with governments oscillating between outright bans, cautious embracement, and strategic indifference. In addition, each approach bears its unique influence on the global cryptocurrency market, influencing investor behavior, entrepreneurial innovation, and market volatility. Further, the rise of cryptocurrencies presents both opportunity and challenge. U.K. Spearheads a Bold Crypto Future As per recent news, the U.K., under King Charles, made crypto trading a regulated activity, highlighting its dynamic approach to financial markets. The newly minted Financial Services and Markets Act 2023 aims to establish a sustainable, open, and tech-savvy financial sector. Consequently, it underscores the U.K.’s ambition to become a global crypto hub. By tailoring financial regulations to match U.K. markets, the Act could help unlock around £100 billion for investment, thus cultivating innovation and economic growth. Additionally, the Act seeks to ensure greater scrutiny and accountability of financial regulators, such as the Financial Conduct Authority and the Prudential Regulation Authority. U.S.’s “Wild West” Regulatory Stance Across the Atlantic, the United States is gradually adopting a more receptive stance on cryptocurrency regulation. The country established a fresh regulatory structure in 2022, creating room for a more rigid regulation of cryptocurrencies. This approach empowered regulatory agencies like the SEC and the CFTC significantly. The SEC has swiftly moved to regulate the crypto industry, as seen in its lawsuit against Ripple and its recent targeted enforcement on major cryptocurrency exchanges. Gary Gensler, the SEC’s Chairman, underscored the importance of safeguarding investors, irrespective of the technologies involved. Due to these actions, some observers have painted the U.S. crypto market as being somewhat akin to a ‘wild west’. Moving eastwards, Hong Kong is progressively integrating crypto into its financial sector. The Hong Kong Monetary Authority (HKMA) has urged major lenders such as HSBC and Standard Chartered to open their doors to crypto exchanges. Despite initial resistance from these financial giants due to concerns over potential illicit activities, the HKMA maintained that due diligence should not burden businesses exploring opportunities in Hong Kong. The impact of such moves is potentially transformative for the region’s financial landscape. In conclusion, understanding crypto’s regulations and market impacts from East to West reveals the potential for growth, innovation, and integration. The journey of crypto into the mainstream is underway, but it still needs carefully crafted regulatory environments to thrive. Highlighted Crypto Trading Today: Today’s Crypto Gold: Unmasking the Top Socially Active Coins

The Litecoin Network has processed another million transactions in the last week. LTC’s recent achievements started reflecting in its trading price. The Litecoin network is experiencing an impressive surge in activity, setting the stage for a remarkable milestone in the crypto market. The network has completed another million transactions in only one week, enhancing LTC’s record for speed and scalability. On June 30, Litecoin tweeted that it had processed another million transactions in the last week. Moreover, a few days ago, Litecoin revealed that it processed over 25 million transactions in 2023. LTC has continuously marked significant milestones in the crypto market. The LTC’s recent achievements started reflecting in its trading price. At the time of writing, the trading price of LTC is around $84.74, with an increase of over 2.02% in the last 24 hours. The trading volume of LTC has experienced a decline of 28.30%, according to CoinMarketCap. Investors are closely monitoring the market as excitement for the Litecoin halving event rises.

Fidelity joins other financial giants in seeking spot bitcoin ETF approval. Recent lawsuits dampened crypto sentiment, but ETF proposals reignite hope. SEC’s decision on spot bitcoin ETFs could shape crypto’s institutional future. In a significant development, Fidelity has formally requested approval for a spot Bitcoin ETF. Consequently, optimism is rebounding within the beleaguered crypto industry. As per a Coingraph tweet, the proposal, sent to the U.S. Securities and Exchange Commission (SEC), seeks to list and trade shares of the Wise Origin Bitcoin Trust on the Cboe BZX Exchange. Besides Fidelity, other financial giants such as BlackRock, WisdomTree, Invesco, and VanEck dive into crypto. These forays are breathing new life into the sector, dulled by stringent regulatory measures in recent years. SEC Decisions to Determine Crypto’s Future However, the crypto world is not without its challenges. The recent lawsuits filed by the SEC against Binance and Coinbase Global have dampened investor spirits. Nonetheless, the influx of spot bitcoin ETF proposals from respected institutions has reignited hope. Notably, the SEC has previously shot down similar requests, including one from Fidelity in early 2022. Yet, the current wave of applications may suggest a shift in regulatory attitudes. Based on reports, spot ETFs directly mirror the price of the underlying cryptocurrency. Hence, they allow investors to hold the actual asset, unlike futures-based ETFs, which only track the price of bitcoin futures contracts. Significantly, the SEC’s decision on these latest proposals could herald greater institutional involvement and broader acceptance of Bitcoin. Therefore, the market is closely watching to decipher the potential fallout for the overall market and cryptocurrency prices. In conclusion, while the outcome is far from certain, the emerging interest from major investment players signals an evolution. Further, the lines are blurring between the traditional finance sector and the innovative world of crypto. The future, it seems, is one where these two worlds are increasingly intertwined. Highlighted Crypto News Today: Biden Aims for Tax System Fairness: Closing Loopholes For Crypto Traders

Joe Biden is going to make it fair by eliminating the loopholes for crypto traders. The US government has lost $18 billion in tax revenue. The U.S. president, Joe Biden, is gearing up for his upcoming campaign and has made a significant promise related to the crypto market and traders. The rise of the crypto market has presented a unique set of challenges for traditional tax frameworks. Biden stated that he was going to reform the tax system fair by eliminating loopholes for Bitcoin and crypto traders. According to the official statement, President Biden is going to make it fair by eliminating the loopholes for traders and hedge fund managers. And also, Biden previously tweeted that the loopholes allowed crypto traders to avoid taxes several times, and because of this, the government has lost $18 billion in tax revenue. Closing Crypto Loopholes to Ensure Fairness President Biden also mentioned that he wants to close all the crypto loopholes in May. Congress should remove tax loopholes that help wealthy crypto investors, according to a message from his official Twitter account. Moreover, this was expected to result in a loss of tax revenue of around $18 billion. The loophole refers to the practice of traders selling and repurchasing cryptocurrencies within short timeframes, allowing them to avoid higher tax rates. President Biden has signaled his intent to address this issue and close the perceived loophole in the crypto market. Throughout his campaign trail, he is expected to outline his plan to crack down on these trading practices. He also mentioned that he has plans that will turn things around incredibly quickly. After Biden’s announcement, most crypto enthusiasts started feeling the United States was making rules unfriendly to crypto traders.

Mask Network displays resilience despite the overall sector downturn. Hive and LUKSO show modest growth amid sector volatility. SPACE ID and Status experience slight dips, presenting potential opportunities. While the social crypto sector has only a 0.50% 24-hour change, it boasts an impressive market cap of $1.29 billion. Notably, the sector’s dominance currently stands at 0.11%, with a 24-hour volume of $140.41 million. However, the sector has seen a slight decrease of 3.88% over the past week. Mask Network Surges Ahead Despite Sectoral Dip Among the top performers, Mask Network, trading under MASK, stands out. Despite the overall sector’s downturn, MASK has surged by 0.93% in the last 24 hours. Even though it’s down 10.05% over the past week, its resilience is noteworthy, especially in the face of a 22.78% monthly drop. Consequently, MASK’s market cap now stands at a formidable $279.65 million, with an ATH of $7.17747, currently 52% off its peak. Following MASK is Hive, or HIVE, which has taken a slight hit with a 1.31% decrease in the last 24 hours. However, HIVE has seen a modest 0.27% weekly growth, despite being down 7.68% over the month. With a current price of $0.31727, HIVE’s market cap stands at $158.86 million, significantly off its all-time high of $3.32209. Additionally, LUKSO, trading as LYXe, has displayed some resilience. With a 1.52% increase in the last 24 hours, LYXe’s current price is $9.38892. Despite being down 6.5% over the week and 9.18% over the month, LYXe boasts a market cap of $174.63 million, remaining 78% off its peak. Moreover, SPACE ID and Status, trading under ID and SNT, respectively, have seen drops. ID fell by 4.09% in the last 24 hours, with a market cap of $93.33 million. SNT, on the other hand, slipped 1.18% but carried a promising market cap of $87.38 million. In conclusion, while the social crypto sector’s performance shows a mixed trend, a keen eye will spot opportunities amidst turbulence. As a result, experienced investors understand that the sector’s current state might pave the way for promising developments. Highlighted Crypto News Today: PancakeSwap Expands Reach with Polygon zkEVM Integration

Shanghai upgrade triggered Ethereum’s record staking surge. Over 25.8M ETH staked despite minor value fluctuations. Staking popularity signals faith in Ethereum’s security and potential. Following the remarkable Ethereum Shanghai upgrade, the trend toward staking on Ethereum’s blockchain has been nothing short of phenomenal. Consequently, Ether (ETH) accumulation on the beacon deposit contract has surged significantly, witnessing an unprecedented rise. According to CryptoRank’s tweet, the ETH deposit contract value stands tall, reaching a new all-time high (ATH) of over 25.8 million ETH, valued at a whopping $48 million. Ethereum Network’s Upgrade: A Catalyst for the Surge Interestingly, the upsurge in Ethereum’s deposit contract value is chiefly credited to the recent Ethereum Shanghai network upgrade. Following this upgrade, the staking ratio of the Ethereum blockchain has been on a steady climb. In layman’s terms, staking validates transactions within the Ethereum blockchain network. It’s like buying a lottery ticket for the chance to become a network validator, except the stakes here are ETH tokens. Similarly, when users’ stake’ their ETH tokens, they earn rewards while contributing to the network’s security. Hence, it’s a win-win! Understanding the Stakes at Hand Considering the recent ETH staking spree, it’s worth delving into the figures. As per data from the CryptoRank Portfolio Tracker, the beacon deposit contract now holds over 25.8 million ETH, equivalent to more than $48 million. Although a slight dip of -0.41% in the past 24 hours and -2.37% in the past 30 days, the overall ETH holding still amounts to a staggering $47,823,300,405. It’s clear that despite minor fluctuations, the enthusiastic drive for staking remains undeterred. In conclusion, this notable Ethereum milestone paints a positive picture of the network’s ongoing journey. It highlights the growing faith in ETH’s staking mechanism and is a testament to the blockchain’s robust security. Moreover, it is an unmistakable indicator of Ethereum’s increasing popularity among users worldwide. Watch this space as ETH continues to forge ahead, pushing boundaries and setting new records. Highlighted Crypto News Today: United Kingdom Officially Embraces Cryptocurrency as a Regulated Financial Activity