Formerly known as Bitcoin Meester, BCM has been in operation since 2017. The firm is recognized by the Dutch central bank, De Nederlandsche Bank. Kraken has announced plans to expand into Europe by acquiring Coin Meester B.V. (BCM), a crypto exchange situated in the Netherlands. Kraken and BCM have announced an upcoming acquisition, while financial terms of the agreement have not been made public. The exchange has secured VASP licenses in Ireland, Italy, and Spain, and has announced its intention to expand its company throughout Europe. Eyeing Dutch Market In a statement, Kraken CEO David Ripley cited the country’s robust economy, widespread usage of cryptocurrencies, and innovative culture as motivating factors in its pursuit of a Netherlands base of operations. The CEO stated: Mitchell Zandwijken, co-founder and CEO of BCM, said the company’s current customers will benefit from Kraken’s investment and innovations. Formerly known as Bitcoin Meester, BCM has been in operation since 2017 and is a crypto exchange and staking platform that now supports over 170 different tokens. The firm is recognized by the Dutch central bank, De Nederlandsche Bank, as a legitimate crypto service provider. The agreement is contingent on regulatory approval, which both firms say would need permission from the Dutch central bank.

On X, one trader going by the handle “CryptoJelleNL” is convinced that accumulating Bitcoin below $30,000 can be rewarding. The trader expects prices to not only expand towards all-time highs printed in 2021 at around $69,000 but break above $100,000 in the coming sessions. Although the analyst didn’t give timelines, the “game plan remains the same,” acknowledging that it will be a “tough mental battle” before exiting the market when BTC soars above $100,000, nearly 4X at spot rates. It is not immediately clear precisely at what price the analyst entered. Responding to a tweet, CryptoJelleNL said the strategy is not to buy between $30,000 and around $70,000 because doing so will only increase the average “entry-level.” This strategy was proposed by an X user who preferred dollar cost averaging (DCA) using lower capital. In DCA, an investor makes periodic purchases of a target asset at low costs to dampen the effect of volatility and reduce the overall entry price. This system can be effective for HODLers, like in the case of CryptoJelleNL, and for traders who can’t time the market. Will Bitcoin Break Above $30,000? Even so, time will tell whether Bitcoin will eventually recover from spot rates, soaring above $30,000 and July 2023 highs. Looking at price charts, bulls have a chance, at least in the short to medium term. Prices remain tight, trading above the $25,200 primary support and $28,000 and $30,000 resistance zone. Moreover, trading volumes are lower, suggesting that activity is generally low, with most market participants not keen to engage at spot levels. Related Reading: XRP Price Breakout: This Resistance Level Holds The Key Even so, a breakout above $32,000 might spark activity, pushing prices toward the all-time high in a welcomed buy trend continuation formation in H1 2023. Looking at the weekly chart, prices have mostly been consolidating from June 2023, oscillating between $32,000 on the upper end and $25,000 on the lower end. Former BitMEX CEO Says BTC Will Roar To $750,000 Arthur Hayes, co-founder and former CEO of BitMEX, believes BTC will explode to around the $750,000 and $1 million level by 2026. In his view, the Bitcoin halving event, a supply shock that will halve the rewards distributed to miners, and the potential approval of a spot Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC) will be the primary drivers of demand. Bitcoin will halve miner rewards in 2024. The SEC has hesitated to greenlight a spot Bitcoin ETF, though the complex derivatives product is already available in other jurisdictions, including Canada and Europe.

Following an update, the Inspect team has enhanced the features of its Google extension and expanded product offerings Inspect’s new features Downloading Inspect’s extension transforms X and gives users access to an advanced interface providing insights for Web3. In addition to featuring analytics for NFTs, it now empowers users by providing real-time data on over 20,000 cryptocurrencies! Through the new token “Vote” feature, Inspect can track the social analytics for tokens in the future; the company also plans to provide a dedicated ranking section on its website based on these votes, token price, and volume. Additionally, the new Community and News section offers users a holistic view of a project’s ecosystem. From highlighting influential individuals within the community to aggregating valuable news about the project and relevant links, Inspect offers frictionless access to vital information about crypto and the broader market. Although not live yet, Inspect plans to facilitate the fastest fiat on-ramp in the industry, allowing users to tap into the liquidity of exchanges directly on X, creating a more frictionless experience and revolutionizing how users buy, sell, and trade crypto. Features that will serve businesses The Inspect team also recently announced their plans to expand their services to offer features for businesses. Using the $INSP token, projects can tap into Inspect Premium, giving them access to tools to create a dynamic Inspect dashboard with the team’s help. Projects will be free to curate the information presented, showcasing significant milestones and integrating articles and blogs, ensuring the community is informed about the latest updates. Additionally, cryptocurrency projects will be able to link to exchanges on their dashboard, streamlining the trading experience for users. With Inspect Premium, projects can create quests and challenges directly on their dashboard. This feature enables projects to engage with and reward their community directly on X while efficiently tracking their most active members. These Inspect’s pioneering features propel the ecosystem and optimize user experience, ultimately simplifying the onboarding process for newcomers entering the world of Web3.

Binance, the world’s largest cryptocurrency exchange, is currently grappling with challenges that have raised concerns about its credibility and market performance. Recent reports by Forbes shed light on Binance’s initial coin offering (ICO) and the subsequent distribution of its native cryptocurrency, Binance Coin (BNB). Behind The Curtain The investigation reveals allegations of undisclosed token retention, discrepancies in the ICO process, and the accumulation of a significant token reserve by Binance. Per the report, in June 2017, Binance initiated its ICO, aiming to raise $15 million by selling 100 million BNB tokens. However, the Forbes investigation, conducted with the assistance of crypto forensic firms, suggests that only around 10.78 million BNB tokens were transferred to investors during the ICO. An additional 20 million tokens were “quietly” allocated to angel investors, doubling their initial allocation to 40 million tokens. Consequently, according to Forbes, Binance likely raised less than $5 million during the ICO, contrary to the $15 million claimed by founder Changpeng Zhao. The Forbes report indicates that Binance’s white paper did not disclose the company’s plans for unsold tokens in the event of an undersold ICO. While it is not illegal for issuers to retain unsold tokens, transparency is crucial in such cases, Forbes alleges. Binance founders and insiders reportedly ended up with 145 million BNB tokens instead of the originally planned 80 million. These tokens, initially valued at less than $10 million, are now estimated to be worth approximately $14 billion. Furthermore, Binance implemented a token buyback and burn program to reduce the total supply of BNB tokens over time. According to Binance’s website, approximately 48 million tokens have been burned as of August 31, 2023. However, Forbes suggests that Binance controls nearly 117 million tokens, accounting for 76% of the total outstanding supply. The analysis combines disclosed tokens issued to the founding team with a proprietary probabilistic analysis that identifies previously undisclosed wallets holding customer funds and serving other corporate purposes. Forbes concludes discrepancies and lack of transparency surrounding Binance’s ICO and token distribution raise questions about the integrity of reported trading volumes and the adequacy of consumer protections. Binance CEO Maintains Silence Amid Ongoing Forbes Allegations Changpeng Zhao (CZ), the Chief Executive Officer of Binance, has remained silent in the face of recent allegations and ongoing investigations brought forth by Forbes. The prolonged exchange of statements between the cryptocurrency firm and the renowned news outlet has endured for a significant period. Binance had taken legal action against Forbes in 2020, filing a defamation lawsuit in the US District Court in New Jersey. The lawsuit stemmed from Forbes’ publication of “false statements” that Binance allegedly used deceptive practices to deceive regulators and participated in money laundering activities. Forbes published a series of articles that made damaging claims about Binance’s corporate structure, asserting that it was deliberately designed to deceive regulators and engaged in activities characteristic of money laundering. Binance vehemently denied these allegations, deeming them false and highly defamatory. Binance’s attorney, Charles J. Harder, has emphasized the harm caused to Binance’s reputation by Forbes’ misleading story. Binance had requested a retraction or correction from Forbes, which was refused, leading to the necessity of the defamation lawsuit. Overall, Binance and Forbes have been embroiled in contentious claims and disputes, with both parties accusing each other of disseminating inaccurate information. As the situation unfolds, it remains uncertain how the cryptocurrency exchange will respond to the latest allegations put forth by Forbes. Featured image from Shutterstock, chart from TradingView.com

Ripple won “Best Use of Digital Currencies/Assets in Financial Services” at the PAY360 Awards. It has received multiple recent accolades, including awards from Juniper Research and Fortune. Ripple’s On-Demand Liquidity using XRP for cross-border payments has gained attention. Payments technology firm Ripple took home top honors at the recent PAY360 Awards organized by the Payments Association. Ripple won the “Best Use of Digital Currencies/Assets in Financial Services” category for its pioneering work with digital assets in finance. The PAY360 Awards recognize achievements and innovation across the payments industry. Other notable finalists alongside Ripple included Arf, IDEMIA, BCB Group, Maya, and BVNK. Additional categories highlighted advancements in open banking, B2B/B2C banking, regtech, and more. Ripple wins at the PAY360 Awards Ripple’s win at the PAY360 Awards adds to its recent string of honors. The company was awarded two accolades by Juniper Research in their Future Digital Awards for Fintech & Payments 2023. It was also named one of Fortune’s Best Workplaces in Technology for 2023. Earlier this year, Ripple made the CBInsights Fintech 100 list, highlighting the most innovative financial technology firms. Its On-Demand Liquidity offering, leveraging XRP for cross-border payments, has gained particular attention. The PAY360 Award solidifies Ripple’s position at the forefront of using digital assets to transform financial services. Its work developing use cases for cryptocurrency in mainstream finance sets it apart from fellow nominees. As digital currencies gain more mainstream traction, Ripple aims to be at the center of enabling their utility through reliable and fast settlement infrastructure. The company continues to build out partnerships and deliver new fintech solutions centered around digital assets and blockchain technology.

Crypto payment provider Wirex boasts a client base of over six million. W-Pay’s incorporation of ZK technology ensures fast and safe transactions. On October 3rd, Wirex, a provider of cryptocurrency payment services, announced the release of a non-custodial cryptocurrency debit card service called W-Pay that is based on zero-knowledge proof (ZK-proof). Wirex is an integral part of both Visa and Mastercard, and it boasts a client base of over six million. Built on Polygon’s Chain Development Kit (CDK), Wirex’s new decentralized solution employs zero-knowledge technology to boost scalability and security. Polygon’s CDK prioritizes ZK-proofs, letting businesses and individuals create their own ZK-powered layer-2 rail. Several Innovative Features Since the ZK protocol enables one party to show to another party that a certain fact is true without giving specifics about the assertion itself, scaling solutions based on ZK proofs have gained popularity in the crypto field. The biggest progress has been made using ZK-proofs over time in Ethereum and similar platforms like Polygon. Moreover, W-Pay provides a number of innovative features. That make it possible for noncustodial wallets and DApps to produce crypto debit cards. Also, the company claimed that a decentralized system would safeguard their customers’ funds from the possibility of fraud or theft by other parties. Moreover, W-Pay’s incorporation of ZK technology ensures fast and safe transactions; it is compatible with the Ethereum Virtual Machine (EVM). And account abstraction simplifies transaction operations by removing inherent complications. Integrating DApps and noncustodial wallets with traditional payment rails is made possible by the ZK-proof-based decentralized approach. The company claims that with W-Pay, on-chain card payment services would enter a new age. Highlighted Crypto News Today: Crypto VC Funding Dips to Q4 2020 Levels Amid Bear Dominance

A crypto wallet associated with Justin Sun, the co-founder of Tron, a smart contract platform, has moved 20,000 Ethereum (ETH) worth roughly $32.4 million from Lido Finance, a liquidity staking platform. Funds were transferred to Binance, the world’s largest crypto exchange, trading volume and client count. The transaction, executed in a single batch, was captured by The Data Nerd, an analysis platform, and shared on X on October 5. As it is, Ethereum (ETH) is under pressure, looking at the performance in the daily chart. Ethereum Drops 4%, Are Bears Flowing Back? Trackers show that the coin is down roughly 4% in three days, confirming sellers of October 2. Notably, the daily chart has a double bar formation with the bear candlestick of October 2, completely reversing buyers of October 1. This arrangement suggests that bears could be in control, especially considering the draw-down of the past few trading days and the level of participation on October 2 when the coin slipped. In technical analysis, losses at the back of increasing volumes often point to high participation. If prices are rising, then the coin in question could rally. Conversely, a sell-off could worsen if the bar had high trading volumes. It is also unclear whether Justin Sun plans to sell ETH after transferring coins to exchanges. Crypto transfers to centralized exchanges, which support many stablecoins like USDT and others, are often associated with sell-offs. Market participants may interpret such movements as bearish, fueling the sell-off, subsequently heaping more pressure on prices. ETH is now at a one-week low. Justin Sun Shuffling ETH In 2023 The Data Nerd observes that prices fell the last time the wallet moved ETH to Huobi, which has since rebranded to HTX. In August, the wallet moved 5,000 ETH to HTX. The deposit came a week before ETH prices crashed 12%. Bitcoin and Ethereum prices fell sharply in mid-August, causing a “cascade liquidation” that spooked investors. ETH bulls have since failed to reverse those losses. Considering the relatively low trading volumes in the last two months, prices are still boxed within the August 17 trade range, a bearish signal. In late February 2023, Justin Sun staked 150,000 ETH, worth roughly $240 million, to Lido Finance. The transfer remains the largest single-stay transaction, forcing the liquidity staking provider to activate the Staking Rate Limit feature, capping the amount of coins one can stake at 150,000 ETH. Lido Finance said the feature is more of a “safety valve” that “addresses possible side-effects such as rewards dilution, without needing to pause stake deposits explicitly.”

297 crypto companies raised $2.1 billion in Q3 2023, down 36% from Q2 2023. Only 1.4% of transactions featured firms raising a Series B or later. As the bearish sentiment prevails, startup financing in the cryptocurrency sector has returned to Q4 2020 lows. Messari, a blockchain analytics business, said on October 5 that 297 crypto companies raised $2.1 billion in Q3 2023, down 36% from Q2 2023 and roughly 70% from Q3 2022. Overall, $488 million was raised over 98 arrangements, with the majority coming from seed capital. The researchers stated: Banking on Blockchain Only 1.4% of transactions featured firms raising a Series B or later. However, between Q4 2021 and Q3 2023, the proportion of deals funded via strategic financing rounds jumped from 0.2% to over 22%. During the quarter, family office Alpha Blue Ocean’s ABO Digital invested $200 million in Islamic Coin, located in the UAE. The U.S was home to 54% of all engaged venture capital investors, more than the rest of the world put together, despite regulatory uncertainties. In addition, investor focus has changed from consumer-facing apps to blockchain infrastructure, with the latter receiving much more funding over the previous three months. The researchers further added: Bitcoin (BTC) may be setting itself up for a potentially positive month in October, according to historical statistics. This time of year often brings bullish moves to BTC, giving investors renewed optimism after a rough few months. Highlighted Crypto News Today: FTX Employees Uncovered Backdoor Months Before Collapse – Report

A crypto YouTuber has revealed his Bitcoin exit plans to the public, stating that he would only withdraw from the cryptocurrency once BTC reaches a staggering $142,000. It is important to note that Bitcoin is presently trading below the $30,000 mark. Hence the popular YouTuber may have to wait a few years before leaving the market for good. Crypto YouTuber Sets Price For Bitcoin Exit A crypto investor and YouTuber, ‘InvestAnswers’ recently published a YouTube video that featured a question-and-answer session with his subscribers. In the video, the YouTuber discussed various topics including AI, Meta, Google, and others. Focusing on crypto, he described his Bitcoin exit plan in detail, stating his desire to leave the cryptocurrency once it has attained a hefty market value of $142,000. The digital asset investor explained that he had high hopes for BTC’s price and was expecting the cryptocurrency to reach a price value of at least $89,000. Currently, the price of Bitcoin is approximately $27,693, miles below the price cap InvestAnswers has set for an exit. The cryptocurrency has also experienced a significant amount of losses this year due to unfavorable market conditions and volatility. Bitcoin also had a minor price slip-up last week, declining to about $27,500 after reports revealed a significant inflow of BTC in Kraken. According to reports, Bitcoin’s September performance this year has been one of the strongest since 2012. InvestAnswers has stated a few of the market metrics and developments including Blackrock’s Bitcoin ETF have influenced the recent positive trend in Bitcoin. Analysts Relay Positive Outlook On BTC’s Price With the Bitcoin spot ETF potentially launching in the crypto space and other major innovative crypto developments advancing the ecosystems, many investors believe that BTC is on the verge of a bull run. Several analysts have made compelling predictions for the price of BTC in the last few months, stating that the cryptocurrency could enter a bullish position once it pushes past the $30,000 mark. These predictions match up with InvestAnswers’ hopes for Bitcoin’s price rise to fuel his exit plans. The crypto investor has stated plans to sell out his equity to invest in several cryptocurrencies. BitMex founder and former CEO Arthur Hayes is one of those who remain convinced the Bitcoin price is headed for a six-figure price. Hayes believes that the price of BTC will reach $70,000 before the end of 2024. Going further, the crypto millionaire believes the cryptocurrency will rise as high as $1 million in 2026. Bitcoin is currently trading at $28,010 after struggling to hold support at $28,000. Nevertheless, the asset continues to hold 5% gains on the weekly chart.

The Sui (SUI) Foundation has announced its latest initiative to strengthen its decentralized finance (DeFi) ecosystem, reclaiming 117 million SUI tokens worth $51.3 million from external market makers. The tokens will be redirected into various channels to support the growth of the Sui Network. This Layer 1 blockchain has gained recognition for its scalability since its mainnet launch in May. Per the announcement, the reallocation of these tokens will not impact the circulating supply of SUI, as they were previously released. In addition, the Sui Foundation has already earmarked 25 million SUI tokens to award winners of its liquid staking hackathon, which was announced earlier this week. Sui Foundation To Support Developers With Repatriated Resources According to the Sui Foundation, the influx of resources from this initiative is expected to support Sui’s community of builders, developers, and ecosystem participants, fostering growth in the coming months for the protocol. The newly repatriated resources will be channeled towards several key areas, including offering grants to developers for building decentralized applications, supporting Sui’s state-of-the-art DeepBook CLOB, automated market makers, and liquid staking and lending protocols. Sui’s DeFi ecosystem, which, according to the announcement, has demonstrated strong adoption, will be a primary beneficiary of these new allocations. The network recently achieved its highest Total Value Locked (TVL) at approximately $38 million, marking a growth of over 100% in the past two months, according to DefiLlama, a leading DeFi TVL aggregator. Furthermore, the Sui Foundation team believes these recent achievements have been remarkable, especially considering the short time since its mainnet launch. The network set an industry record by executing 65.8 million transactions daily, surpassing all other blockchains. Per the announcement, Sui’s scalability remained intact despite the concentrated traffic, with the cost per transaction unaffected. Within just over four months, the network has attracted over 6 million active wallets. Additionally, Sui introduced zkLogin, a unique native feature that enhances privacy and security by enabling users to access decentralized applications through their existing Web 2 social accounts. A Bright Future For The Network? Greg Siourounis, Managing Director of the Sui Foundation, expressed optimism about the network’s future growth, emphasizing that the milestones achieved thus far are only a fraction of what the network aims to accomplish. Siourounis stated: As of the current writing, the native token of the protocol, SUI, is trading at $0.4389, reflecting a 2% increase over the past 7 days. However, the token has experienced a decline of 6.4% within the 30-day timeframe. Featured image from Shutterstock, chart from TradingView.com

Two weeks ago, crypto analyst Tolberti made headlines for his incredibly bullish Bitcoin price outlook. The analyst is back again with another prediction and this time around, he is telling investors to get into the market with reasons to back it up. Last Chance To Buy BTC In a recent post on Tradingview, crypto analyst Tolberti sounded a warning alarm that this is the last chance for investors to buy Bitcoin. The reason for this, according to Tolberti, is that the Bitcoin price is headed toward a massive rally. Tolberti points to bulls having successfully broken through a major descending trend line which he points out on the BTC 12-hour chat. The analyst explains that this is the last chance to buy Bitcoin at this low price given that “This trendline has been destroyed by the bulls, and we also had a successful retest of it!” As for where the Bitcoin price is headed, Tolberti believes that it will hit $39,000 toward the end of 2023. However, he warns that this is not going to be smooth sailing with resistance already at $29,167 where the 0.618 Fibonacci has been established in the previous wave. On the longer time frame, using the Elliot Wave pattern, the analyst puts a “strong nest (1-2-1-2) or an expanding leading diagonal wedge (1-2-3-4-5).” at the $24,900-$28,500 range. “Both of them are bullish patterns and support the start of the bull market!” Tolberti explained further. However, the analyst expects the Bitcoin price to perform poorly at the start of 2024. “I am prepared for the bull market that is coming in the next few weeks until January,” Tolberti said. “Expect January to be a bearish month.” Where Is Bitcoin Price Headed? Tolbert’s most recent Bitcoin price prediction focuses more on the short term for the last three months of the year. But his previous predictions give a more clear view of where he expects the price to reach, especially during a bull market. In September, the crypto analyst posted an analysis in which he put the Bitcoin price as high as $130,000 by 2025. The chart showed a rise to the $80,000 level before a 30% retracement. After this, another bounce puts the price in the $130,000 range. While Tolberti sees a bullish move for Bitcoin, Bloomberg analyst Mike McGlone expects that BTC will fall back to $10,000. McGlone does not see a bullish fourth quarter for Bitcoin, and coupled with rising interest rates, the analyst expects more of a decline.

On-chain data shows the Ethereum MVRV ratio is currently testing a level that has historically served as the boundary between bear and bull markets. Ethereum MVRV Ratio Is Retesting Its 180-Day SMA Right Now The “Market Value to Realized Value (MVRV) ratio” is an indicator that measures the ratio between the Ethereum market cap and realized cap. The former is naturally just the total supply valuation at its spot price. At the same time, the latter is an on-chain capitalization model that calculates the value differently. The realized cap assumes that the real value of any coin in circulation isn’t the spot price (which the market cap refers to) but the price at which it was last bought/transferred on the blockchain. One way to look at the realized cap is that it represents the total amount of capital that the investors have put into the cryptocurrency, as it considers each holder’s cost basis or buying price. Since the MVRV ratio compares these two capitalization models, it can tell us whether the investors hold more or less value than they initially invested in Ethereum. The indicator’s usefulness is that it may serve as a way to determine whether the asset’s price is fair or not right now. When the investors hold a value significantly more than they put in (that is, they are in high profits), they would be more tempted to sell, and hence, the spot price could face a correction. Similarly, the holders as a whole being in deep losses can instead be a signal that the bottom might be near for the cryptocurrency, as it’s becoming quite underpriced. Now, here is a chart shared by analyst Ali on X, which shows the trend in the Ethereum MVRV ratio, as well as its 180-day simple moving average (SMA), over the past few years: The 180-day SMA of the ETH MVRV ratio has interestingly held significance for the cryptocurrency. According to Ali, “Ethereum market cycles transition from bearish to bullish when the MVRV (blue line) breaks strongly above the MVRV 180-day SMA (red line).” During the bear market last year, the ratio had been below the 180-day SMA line, but with the rally that began this year in January, the metric had managed to break above the level, and bullish winds supported the asset once more. During the recent struggle for the asset, however, the MVRV has again slipped under the level. Nonetheless, in the past few days, the ETH MVRV has been trending up a bit and approaching another retest of this historical junction between bearish and bullish trends. It remains to be seen whether a retest will happen in the coming days for Ethereum and if a break towards the bullish territory can be found. ETH Price

Operated approximately 206,000 owned and colocated bitcoin miners Produced 965 self-mined bitcoin and an estimated 460 bitcoin from colocated miners AUSTIN, Texas–(BUSINESS WIRE)–$CORZQ #bitcoin—Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released production and operations updates for September 2023. “Our team continues to showcase unrelenting commitment to maximizing uptime for our total fleet of more than 206,000 miners,” said Adam Sullivan, Core Scientific’s Chief Executive Officer. “We are proud to deepen our strategic relationship with Bitmain, securing 27,000 new, more efficient miners to fuel our near-term hash rate growth plans.” Month over month bitcoin production remained level while average daily bitcoin production increased, despite a significant increase in network difficulty and unplanned downtime associated with maintenance at Core Scientific’s Grand Forks data center. The Company continues to work through the Chapter 11 reorganization process and aims to emerge in the fourth quarter. Key Metrics Summary Metric September 2023 August 2023 Self-Mining Bitcoin Produced1 965 965 Colocation Bitcoin Produced2 461 403 Average Self-Mined Bitcoin Produced/Day 32.1 31.1 Self-Mining Energized Hash rate3 15.0 15.1 Colocation Energized Hash rate4 7.2 6.9 Total Energized Hash rate 22.3 22.0 Bitcoin Sold 1,040 1,022 Bitcoin Sales Proceeds ($USD) Appx. $27.3 million Appx. $28.5 million Average Self-Mining Fleet Efficiency (J/TH)5 28.96 28.96 Data Centers As of month-end, the Company operated approximately 206,000 bitcoin miners for both self-mining and colocation, representing a total energized hash rate of 22.3 EH/s at its data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas. Self-Mining Core Scientific produced 965 bitcoin in September from its owned fleet of miners. As of month end, the Company operated approximately 145,000 owned bitcoin miners, accounting for approximately 70% of its total number of miners and representing a total energized hash rate of 15.0 EH/s. Colocation Services In addition to its self-mining fleet, Core Scientific provided data center colocation services, technology and operating support for approximately 62,000 colocated, customer-owned bitcoin miners, representing approximately 30% of the bitcoin miners operating in the Company’s data centers as of September 30. Customer-owned bitcoin miners produced approximately 461 bitcoin in September, including bitcoin rewards paid to the Company pursuant to proceeds sharing agreements. Grid Support The Company reduced the consumption of power at its data centers in response to extreme temperatures in September, delivering 11,294 megawatt hours to local grid partners. By supporting the grid in such a fashion, Core Scientific helps grid operators keep power flowing to their customers when temperatures rise and air conditioning use increases, and when temperatures drop and heating use increases. Core Scientific works with utility companies and the communities in which it operates to enhance electrical grid stability. ABOUT CORE SCIENTIFIC Core Scientific (OTC: CORZQ) is one of the largest blockchain computing data center providers and miners of digital assets in North America. Core Scientific has operated blockchain computing data centers in North America since 2017, using its facilities and intellectual property portfolio for colocated digital asset mining and self-mining. Core Scientific operates data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas. Core Scientific’s proprietary Minder® fleet management software combines the Company’s colocation expertise with data analytics to deliver maximum uptime, alerting, monitoring and management of all miners in the Company’s network. To learn more, visit http://www.corescientific.com. FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES Certain statements in this press release constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the future benefit of certain contracts, anticipated date of Company emergence from Chapter 11, statements related to the Company’s ability to scale and grow its business, meet its expected operating plan, source clean and renewable energy, the advantages and expected growth of the Company, future estimates of revenue, net income, adjusted EBITDA, total debt, free cash flow, liquidity and future financing availability, future estimates of computing capacity and operating capacity, future demand for colocation capacity, future estimate of hash rate (including mix of self-mining and colocation) and operating gigawatts, future projects in construction or negotiation and future expectations of operation location, orders for miners and critical infrastructure, future estimates of self-mining capacity, the public float of the Company’s shares, future infrastructure additions and their operational capacity, and operating capacity and site features of the Company’s operations and planned operations. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts and assumptions and are subject to a number of risks and uncertainties, including, but not limited to, the Company’s ability to obtain bankruptcy court approval with respect to motions in its Chapter 11 cases, successfully enter into and implement a restructuring plan, emerge from Chapter 11 and achieve significant cash flows from operations; the effects of the Chapter 11 cases on the Company and on the interests of various constituents, bankruptcy court rulings in the Chapter 11 cases and the outcome of the Chapter 11 cases in general, the length of time the Company will operate under the Chapter 11 cases, risks associated with any third-party motions in the Chapter 11 cases, the potential adverse effects of the Chapter 11 cases on the Company’s liquidity or results of operations and increased legal and other professional costs necessary to execute the Company’s reorganization; satisfaction of any conditions to which the Company’s debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside of the Company’s control; the consequences of the acceleration of the Company’s debt obligations; the trading price and volatility of the Company’s common stock as well as other risk factors set forth in the Company’s reports filed with the U.S. Securities & Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Accordingly, undue reliance should not be placed upon the forward-looking statements. Please follow us on: https://www.linkedin.com/company/corescientific/ https://twitter.com/core_scientific 1 Self-Mining Bitcoin Produced represents bitcoin rewards produced by bitcoin miners owned and operated by Core Scientific 2 Colocation Bitcoin Produced represents estimated bitcoin rewards produced by colocated customer-owned miners operated by Core Scientific, including bitcoin rewards paid to the Company pursuant to proceeds sharing agreements 3 Self-Mining Energized Hash Rate represents the total rated capacity of all Company-owned bitcoin miners installed and operating in Core Scientific’s data centers 4 Colocation Energized Hash Rate represents the total rated capacity of all colocated bitcoin miners owned by customers, installed and operating in Core Scientific’s data centers 5 Average Self-Mining Fleet Efficiency (J/TH) represents the weighted average power consumption in Joules per terahash based on the rated efficiency and capacity of each model of miner operating in Core Scientific’s owned self-mining fleet Contacts Investors: [email protected] Media: [email protected]

Music is often perceived as a form of entertainment, relaxation, and leisure. However, today the relationship between music and finance has become intricate with new platforms and emerging markets creating investment opportunities that both musicians and investors should be aware of. Generating income with music is now more exciting than ever. Throughout history, music and business have always been interlinked. In order to live, musicians and composers need to find ways to make money from their compositions. Many centuries ago, classical artists would work under a patronage system with wealthy aristocrats or charge for music pieces commissioned for specific events. Over time, this has evolved into a royalties system and incomes through merchandising and stadium concerts. This link between business and music has never been more true than over the past two decades, in more ways than any of us could have imagined. One of the significant transformations in the music industry over the past three decades has been the appearance of streaming services. Platforms, such as Spotify, Apple Music, Soundcloud, and YouTube, have appeared and now offer an extensive variety of artists, songs, and podcasts to serve a worldwide audience. This solution offers a reliable source of income for established artists. The advantages of these platforms are clear, they generate cash flow from individual streams, subscriptions from premium accounts, and advertisements. As a retail investor, one can also engage in this business model by investing in the stocks of streaming services like Spotify. The question is: What do songs such as Justin Bieber’s “Purpose”, “Nobody Else” by Backstreet Boys, or Little Mix’s “Power” have in common? Well, every time you listen to or stream them, somebody is getting paid and it might as well be you! A recent trend is for renowned artists to sell their music rights to private equity companies like Blackstone, and KKR Apollo, or stock-exchange platforms such as ANote Music. The overall spending on music catalogues increased from 1.9 billion to 5.4 billion USD between 2020 and 2021. Music rights as an asset class have been traded since the creation of copyright laws, but they have never been available to retail investors to trade at scale. ANote wants to transform the music industry by unlocking access to this asset class, and by offering shares in music royalties of hit songs and popular artists from all eras on its platform via catalogues. The trading platform has successfully raised over €3.3 million to date, with nearly 90% of its investors enjoying profitability, boasting an average annual return exceeding 10%. Furthermore, the trading platform has disbursed over €500,000 in total royalties. “Our goal is to unlock the hidden value in music for both investors and artists by creating Europe’s leading marketplace for music investments,” Marzio Schena, CEO of ANote Music told Investing. So what’s in it for the parties involved? For artists, it allows getting a relatively large lump sum immediately instead of waiting for revenues gradually emerging from streaming or radio stations. For investors, it boils down to a simple diversification story. Investing in music catalogues provides a steady and consistent cash flow, and is uncorrelated with traditional asset classes such as fixed income or equity. Moreover, they may offer the additional advantage of being intellectual property and, thus, intangible assets. Music is also not subject to the usual risky fluctuations of the financial markets. The most-heard hits of all time are truly timeless in that sense. A song that has sold millions of copies over the decades will most likely continue to be heard in the future and generate corresponding returns. These are therefore concrete assets with a proven track record. Such music catalogues ratings also often increase consistently. The music industry assumes annual net returns of between 5%-16%. The music rights industry, traditionally, has been a walled garden, accessible only to a select few. The inherent complexities of music rights ownership and royalty collection have been major roadblocks for many. ANote’s platform allows music rights holders to auction fractional music royalty interests, artists gain both monetary benefits and retain their artistic freedom. For music enthusiasts, this platform is a golden opportunity to earn passive income from their favourite tracks’ royalties and for music creators, it’s a chance to monetize their art without compromising their creative integrity. This innovative approach enhances current global music business revenue streams and adds a multi-billion-dollar opportunity on top. Marzio Schena, also added “Our mission is to make music even more valuable to even more people.” Music may not only be deemed an attractive alternative investment but also indirectly affect the public by shifting market sentiments. Behavioural economists have also long advocated the use of psychology and human behaviour to explain the drivers of stock markets and how our behavioural biases and emotions affect our choices in financial markets.

Employees at FTX’s U.S. division found a backdoor in the crypto exchange’s systems. The backdoor allowed Alameda Research to hold negative balances up to $65 billion using customer funds. FTX co-founder Sam Bankman-Fried’s deputy, Nishad Singh, was informed but the issue was unresolved. A group of employees at FTX’s U.S. division discovered a backdoor in the crypto exchange’s systems that gave its trading arm, Alameda Research, special privileges, the Wall Street Journal reported. Citing people familiar with the matter, the WSJ said the employees came across code while examining FTX’s international platform that allowed Alameda to hold negative balances up to $65 billion using customer funds. This was not possible for other FTX users. The team from crypto derivatives exchange LedgerX, acquired by FTX.US in 2021, reportedly alerted their boss about the backdoor in spring 2022. The issue was then raised with FTX co-founder Sam Bankman-Fried’s top deputy, Nishad Singh. But it was never resolved. Instead, the LedgerX employees’ team leader who flagged the concern was fired, per the report. The backdoor has become a central issue in the criminal case against Bankman-Fried, who pleaded not guilty to fraud charges that could see him jailed for decades. Past filings revealed FTX routinely diverted customer funds Past filings revealed FTX routinely diverted customer funds to Alameda before its spectacular collapse in November 2022. Whistleblowers who threatened to expose alleged misconduct were sometimes paid to stay silent. Singh has pleaded guilty to fraud charges and is expected to be a key witness against Bankman-Fried. Prosecutors allege he helped engineer the backdoor, allowing Alameda special access to customer deposits. The WSJ’s reporting provides further insight into potential fraud at FTX in the months before its implosion. It also shows that some employees tried to raise concerns about the privileged treatment of Alameda, only to be sidelined or pushed out.

On-chain data shows the trading volumes of XRP and Polygon have hit monthly highs as investors are displaying FOMO towards the assets. XRP, Polygon See Volume Spike Similar To Bitcoin’s Surge A Few Days Back According to data from the on-chain analytics firm Santiment, XRP & MATIC have seen high volumes recently. The “trading volume” here refers to the total amount of any cryptocurrency that’s being transacted on the different exchanges in the sector every day. When the value of this metric is high, it means that the asset in question is being moved around a lot on the exchanges. Such a trend implies that traders are actively participating in the market right now. On the other hand, low values suggest the interest in the cryptocurrency may be low at the moment as not much trading activity related to it is happening on the platforms. Now, here is a chart that shows the trend in this indicator for XRP, Polygon, and Bitcoin over the past month or so: As displayed in the above graph, the Bitcoin trading volume had become pretty high a few days back when the asset’s price had surged toward the $28,500 mark. This spike in the volume had come with a delay, however, as its peak had occurred after the cryptocurrency had already started on its pullback. This could be a sign that once investors saw the rally, they felt like they had to FOMO in, so they quickly made some trades, but many of these investors had arrived late to the scene, hence why the spike had come later. The volume would have also been fueled by the panic sellers who bought at the top but sold as soon as they saw that the rally was already starting to cool down. During the past couple of days, XRP and Polygon have also seen some recovery surges (although the rises haven’t been anything too impressive) and the trading volume has also shown similar spikes for these cryptocurrencies as well. At the peak of this latest surge, the volume of these cryptocurrencies had managed to hit its highest level in about a month. “FOMO is high right now,” notes Santiment. It would appear that just like with BTC, investors had started jumping on these cryptocurrencies once they saw the rally. Those falling for FOMO, however, would have once again faced disappointment, as both XRP and MATIC have already retraced their latest recovery attempts. If the trading volume continues to stay high even after the pullback, though, then it would be a positive sign for the prices of these altcoins, as it would mean that there is still significant demand for them at these lower price levels. XRP Price In its latest recovery rally, XRP had managed to rise near the $0.55 mark, but with the pullback since then, the cryptocurrency has dropped toward the $0.52 level.

SAN FRANCISCO–(BUSINESS WIRE)–Kraken, one of the world’s longest-standing and most secure crypto platforms, today announced an agreement to acquire Coin Meester B.V. (BCM) in the Netherlands. The deal highlights Kraken’s commitment to growing its business in Europe by leveraging its strong financial position and highly competitive product offering. Founded in 2017, BCM is one of the Netherlands oldest and most respected registered crypto brokers. The company provides services to buy, sell and stake crypto, including access to over 170 cryptocurrencies and strong local funding rails. The proposed acquisition will enable Kraken to strengthen its presence in the Netherlands and allow BCM’s clients to benefit from Kraken’s extensive product offering, market-leading liquidity, superior security standards and 24/7/365 live client support. “The Netherlands has one of the world’s most advanced economies, with a well established culture of innovation and a high level of crypto adoption. This makes it a key market for us in our European expansion plans,” said Kraken CEO David Ripley. “The acquisition of BCM will give Kraken a sizable position in the Dutch market and will allow BCM’s clients to benefit from an even more robust product offering.” BCM Co-founder and CEO Mitchell Zandwijken said, “We founded BCM because we wanted to make crypto accessible to everyone. Kraken is the pioneer in this field with a track record spanning well over a decade, making it the perfect steward of our business going forward. Our clients will benefit from all that crypto has to offer through Kraken’s continuous investment and innovation.” Kraken’s decision to accelerate European growth plans follows the European Commission’s establishment of Markets in Crypto-Assets (MiCA) regulatory framework, which allows industry players to confidently invest in the region and provide consumers access to more competitive products and services. Kraken is committed to growing its business in compliance with European regulations; in addition to its VASP registrations in Ireland, Italy and Spain, Kraken is actively pursuing registrations in other European markets. “The European market for crypto services is highly fragmented and we see significant opportunity for consolidation to strengthen our position in the region,” Ripley said. “We’ll continue to invest in the expansion of our European business and are well positioned to capitalize on the opportunity for further growth in the years ahead. We have a very compelling value proposition and look forward to serving even more clients across Europe.” In recent years, Kraken has strengthened its core exchange offering and expanded its product suite to empower people to benefit from the opportunities offered by decentralized blockchain technology. In line with its strategy to become the bridge to the most exciting areas of crypto, Kraken recently launched its NFT marketplace, a new Kraken Pro trading interface and a new consumer web experience. Completion of the proposed acquisition is subject to customary closing conditions, including obtaining the required regulatory approvals. Financial details of the transaction weren’t disclosed. About Kraken: Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 200 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD. Founded in 2011, Kraken was among the first to offer spot trading, parachain auctions, staking, regulated derivatives and index services under one roof. Trusted by over 10 million individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves audits. In 2023, Kraken ranked 16th in Newsweek’s Global Top 100 list of Most Loved Workplaces, recognizing how the platform offers one of the world’s most compelling employment opportunities. For more information about Kraken, please visit www.kraken.com. Contacts Alex Rapoport, [email protected]

Following the launch of the NFL’s first Web3 game, Mythical is partnering with CM Games, McLaren Automotive, and deadmau5 for the launch of its first AAA mobile racing game SEATTLE–(BUSINESS WIRE)–Continuing its unrivaled momentum in 2023, today, Mythical Games officially launched Nitro Nation World Tour (NNWT) on Android and iOS. This AAA mobile racing game was developed in partnership with CM Games, the creators of the critically acclaimed Nitro Nation franchise. Nitro Nation World Tour takes players around the world while they race, earn, collect, and digitally own hundreds of fully licensed cars from the world’s most sought-after car manufacturers, including Aston Martin, Jaguar, and Pagani, among others, with McLaren Automotive as the season one headliner. Nitro Nation World Tour features several game modes, including real-time PvP races – known as Duels – tournaments, seasonal play, events, challenges & trials, and ghost races. The game also includes a robust campaign mode that offers an immersive story and memorable characters. To achieve a top ranking, players must work to develop a well-curated collection of cars, improve their racing skills, and possess a deep understanding of how track lengths and car tuning can affect their races. In addition to CM Games, Mythical is collaborating with world-renowned electronic musician and car enthusiast deadmau5 on the launch of the game in conjunction with his upcoming tour, starting on October 5th in Tokyo, Japan, with NNWT creative visuals included in his live show production. As an official Nitro Nation World Tour partner, deadmau5 will be featured prominently in the first season of the in-game World Tour festival, enabling players to participate in a themed racing event and compete for an exclusive deadmau5-themed in-game car. “I’ve always loved living on the cutting edge of technology, and I’m proud to be a partner and launch the game during my upcoming Day of the deadmau5 shows,” said deadmau5 (Joel Zimmerman). “I’ve said before that music is 80 percent fun and 20 percent work. Video games, for me, are all about fun. I hope you’ll enjoy playing the game as much as I have.” “It’s been exciting to work with great partners such as CM Games, McLaren Automotive, and deadmau5 to help us launch Nitro Nation World Tour,” said Jamie Jackson, Co-Founder and Chief Creative Officer of Mythical Games. “We’re really looking forward to seeing how the community rallies around the game, and it will be fun to see how collectors are going to trick out their rides to either sell or race against their competitors.” Nitro Nation World Tour incorporates digital collectibles in the form of both its cars and workshops that players can purchase, hold, or trade throughout gameplay. While the cars are used to race, the workshops exist to maintain or improve the cars’ performance through upgrades, repairs, and customizations. Players can also loan out the cars they own or rent other players’ vehicles to experience a different make or model. Nitro Nation World Tour incorporates a social networking feature that allows players to join or create their own Social Club, which act as associations for like-minded players to work together towards mutual racing goals and provide team support. Nitro Nation World Tour is built on the Mythos blockchain gaming ecosystem and is powered by MYTH, Mythical’s native governance token for in-game currencies. Governed by the Mythos DAO, and with support from industry leaders in Web3 gaming, the Mythos ecosystem aims to democratize games and allow players and creators to participate in game value chains through the benefit of Web3. Nitro Nation World Tour is now available in both the App Store and Google Play Store for download on mobile devices. View the official Nitro Nation World Tour launch trailer here. For more information, visit Nitro Nation World Tour and follow along on Twitter and Discord for the latest updates. About Mythical Games Acknowledged by Forbes’ Disruptive Technology Companies To Watch in 2019 and Fast Company’s World Changing Ideas 2021, Mythical Games is a next-generation game company creating world-class games and empowering players to take ownership of their in-game assets through the use of blockchain technology. Mythical’s “gamers-first” focus comes naturally; from the beginning, it’s been powered by industry leaders. The team has helped develop major franchises, including Call of Duty, Guitar Hero, DJ Hero, World of Warcraft, Hearthstone, Diablo, Overwatch, Magic the Gathering, Dungeons & Dragons, Oculus, Madden, Marvel Strike Force, and Skylanders. The Mythical Marketplace, the first in-game blockchain Marketplace on iOS and Android, provides gamers with ownership and control over the purchase and sale of digital assets, while the Mythical Platform protects gamers that may be new to blockchain through a custodial wallet for their digital items. Contacts Nate Nesbitt Head of Communications [email protected]

New crypto and bitcoin destination to showcase network of industry leaders, blockchain experts and independent media brands at TheStreetCrypto.com NEW YORK–(BUSINESS WIRE)–TheStreet and Roundtable Media today announced the launch of a new partnership covering bitcoin and the blockchain industry, TheStreetCrypto.com. The partnership combines TheStreet’s extensive newsroom experience with Roundtable’s network of industry leaders, blockchain experts and independent media brands, including Bitcoin Magazine, top influencers, and advocates to provide investors with the most comprehensive understanding of the marketplace. More details and a video featuring the network experts can be found here. The combination of Roundtable’s in-depth crypto coverage with TheStreet’s well-established audience of investors provides a unique opportunity for advertisers — the ability to reach a large audience of mainstream investors and blockchain enthusiasts on a premium media platform. TheStreet reaches an audience of more than 23 million monthly unique visitors, according to Comscore’s August 2023 U.S. rankings, and it connects with millions more through estimated daily syndication. TheStreetCrypto.com creates the ultimate destination for exploring all things blockchain and bitcoin, providing in-depth stories, engaging video interviews, insightful expert analysis, and real-time breaking news updates. “We believe this new destination will provide a robust and exciting experience on a daily basis and allow consumers to stay ahead of the curve in the rapidly evolving world of crypto and blockchain technology,” said Ross Levinsohn, CEO of The Arena Group, publisher of TheStreet. Sara Silverstein, editor in chief and general manager of TheStreet added; “By leveraging the authority and resources of both companies, we’re confident that we can deliver a unique and compelling experience to keep our readers informed and at the forefront of the crypto revolution.” Roundtable CEO and founder James Heckman praised the groundbreaking nature of the new partnership. “Until now, crypto sponsors were unable to reach large-scale, high-net-worth investors in a major media environment, and typical crypto media properties lacked the major media scale and quality required to partner with mainstream financial sponsors. TheStreetCrypto connects three highly qualified and motivated audiences: sophisticated followers of Roundtable’s network of respected crypto journalists, TheStreet’s audience of mainstream and high-net-worth investors, and the die-hard followers of major crypto influencers. This unique combination creates an ideal environment to grow the industry.” Thanks to Roundtable’s existing partnership with BTC Inc, TheStreetCrypto will be fully integrated into the largest and most respected conference in the space, the Bitcoin Conference. This event brings hundreds of sponsors together with blockchain ventures, media brands, and a fanatic audience focused on bitcoin sustainability and innovation. “SEC Bitcoin ETFs are on the way, nations are adopting bitcoin as sovereign currency, and the U.S. reached 50 million bitcoin owners in 2023,” said David Bailey, Roundtable co-founder and CEO of BTC Inc, the parent company of Bitcoin Magazine and the Bitcoin Conference. “We’re excited about this opportunity for TheStreet and Roundtable to lead the way in educating the world about the importance and value of hard currency as a dependable asset for citizens around the world.” Leading TheStreetCrypto.com is Peter Chawaga, former Bitcoin Magazine senior editor, known for breaking the news of El Salvador’s bitcoin legal tender announcement, and conducting the world’s first interview with Silk Road founder Ross Ulbricht after his imprisonment. TheStreetCrypto.com will provide deep coverage of the world of bitcoin, in partnership with some of the most respected thought leaders in the space, including Bitcoin Magazine and popular educators Natalie Brunell and Robert Breedlove. In addition to Roundtable’s bitcoin focus, the broader blockchain industry will be covered by recognized and established thought leaders, including the Chamber of Digital Commerce’s Perianne Boring, Altcoin Daily, CryptosRUs, Joe Parys, and regular coverage from Roundtable’s growing network of crypto channels, including Blockleaders, Digitalist Hub, Cripto247, Monika Proffitt, Blockchain Law Alliance, Sean King, and Antelope. This insight and coverage, coupled with interviews from industry leaders like Jon Najarian, Brittany Kaiser, Kevin O’Leary, Craig Sellars, Brock Pierce, Anthony Di Iorio, Hester Peirce, and Michael Saylor, serve to educate and alert mainstream investors about the most important, profit-driving and regulatory topics. TheStreetCrypto.com provides bitcoin and crypto sponsors and ventures access to in-depth coverage in a premium environment. Source: ComScore MMx MultiPlatform, Total Mobile 13+, U.S, August 2023 About The Arena Group The Arena Group (NYSE American: AREN) is an innovative technology platform and media company with a proven cutting-edge playbook that transforms media brands. Our unified technology platform empowers creators and publishers with tools to publish and monetize their content, while also leveraging quality journalism of anchor brands like Sports Illustrated, TheStreet, Parade, Men’s Journal, and HubPages to build their businesses. The company aggregates content across a diverse portfolio of over 265 brands, reaching over 100 million users monthly. Visit us at thearenagroup.net and discover how we are revolutionizing the world of digital media. About Roundtable Media Inc. Roundtable Media, Inc. is a decentralized digital media network. Independent journalists, activists, and thought-leaders operate on a shared digital publishing, monetization, and distribution platform. Visit us at roundtable.io Contacts MEDIA Public Relations Manager, The Arena Group [email protected] Public Relations at Roundtable Media [email protected]

– A.M. Best A- “Excellent” Rated Insurance for Institutions with Crypto on their Balance Sheet – Crypto Shield Pro is live in 35 states, and will be rolling out countrywide in 2024 – Free Active Wallet Monitoring service is available now globally BOSTON–(BUSINESS WIRE)–Breach Insurance, a Boston-based global insurance underwriter that provides insurance technology and regulated insurance products for the cryptocurrency market, has announced the launch of Crypto Shield Pro – an innovative crypto custody insurance policy for institutional clients of crypto custody solutions. Following the launch of the company’s new Bermuda class IIGB carrier, the new institutional crypto insurance product protects policyholders from the theft, loss, and destruction of private keys and crypto assets held in custody that have traditionally been available only to large, established crypto institutions. The company’s capacity is backed by Accelerant, a data-driven risk exchange that empowers specialty underwriters and has earned a financial strength rating of “A-”(Excellent) from A.M. Best. Limits up to $10M per policy are available, with higher limits and custom coverage available with additional underwriting. Along with Crypto Shield Pro, Breach is also making their free Active Wallet Monitoring service available to all. The service provides a complete picture of on-chain risks associated with wallets and allows anyone with a crypto wallet to gain free insights into wallet transactions across all major blockchains and cryptocurrencies, real-time identification of financial crime exposures, and flagging transactions linked to thieves, money laundering, terrorist financing, and sanctioned entities, which is critical to licensed and regulated entities. “We are proud to be partnering with established broker relationships to offer institutions with a reliable, reinsured, and fully-regulated crypto insurance solution that protects policyholders from real financial risks. Breach continues to be on a mission to create new insurance capacity and products for the crypto economy, and the release of Crypto Shield Pro and our free Active Wallet Monitoring service is demonstration of our ability to continue to innovate and execute on our promises.” said Eyhab Aejaz, Co-Founder and CEO of Breach. Both Crypto Shield Pro and the free Active Wallet Monitoring service are available via the Breach proprietary insurtech platform, which provides both brokers and policyholders a personalized experience, allowing for seamless placement of policies and claims. Crypto Shield Pro is live in 35 states and will be rolling out countrywide in 2024, while the free Active Wallet Monitoring service is available now globally. About Breach Insurance Breach Insurance (“Breach”) is a Boston-based global insurance underwriter addressing the significant insurance gap in the crypto space by creating regulated insurance solutions for the crypto economy. With a Bermuda domiciled insurance company, US licensed MGA and TPA operations, Breach is able to address the various needs of crypto economy participants. Please visit www.breachinsured.com for more information. Contacts Media Contact: Eyhab Aejaz Co-Founder and CEO, Breach Insurance [email protected] Agency and Underwriting Contact: Nicole Haggerty Head of Underwriting, Breach Insurance [email protected] [email protected]