Accredited investors and institutions can now access a new private credit solution that holds short-duration, senior secured, over-collateralized consumer and business loans providing potentially attractive yield JEFFERSON CITY, Mo.–(BUSINESS WIRE)–#Bitcoin—Build Asset Management (“Build”), an investment manager focused on income and risk mitigation in public and private credit markets, announces the launch of the Build Secured Income Fund I in partnership with Unchained. The Fund is one of the first direct lending private credit funds that invests in over-collateralized consumer and business loans that are backed by bitcoin. The Fund, which began raising capital in June, seeks to offer a compelling yield profile designed to support the income needs of accredited investors and institutions while simultaneously giving borrowers in the emerging bitcoin economy access to dollar capital. “Since its invention in 2008, the Bitcoin protocol has seen steady growth and adoption across the world, and we see real potential in bitcoin serving as a widely-adopted store of value and as quality collateral,” says John Ruth, co-founder and CEO of Build. “We envision this fund’s debut as laying pivotal groundwork for seamlessly weaving bitcoin into the economic fabric of our society while using our expertise to provide investors with a unique and differentiated income solution. Such solutions are critical in today’s complex interest rate and inflation environment.” Build believes bitcoin’s properties make it an exceptional form of collateral entirely unique in the credit space, specifically: ● Potential for improved liquidity over traditional collateral: Because bitcoin is traded 24/7 in a highly liquid market, the collateral can be liquidated in a matter of minutes in the event of a loan default, unlike real estate or other commonly collateralized assets. ● Multi-signature collaborative custody and no rehypothecation: Bitcoin’s protocol ensures distinctive custody solutions that prevent rehypothecation (the use of pledged collateral assets by banks or brokers for their own purposes) by storing the bitcoin that backs each loan in visible and transparent multi-signature addresses. With keys distributed among the borrower, loan originator and a third-party agent, this setup not only prevents single points of failure but also permits transparency for the borrower and immediate access to the collateral for the lender. ● Fixed supply of a scarce, fungible asset: Bitcoin’s scarcity, enforced by a hard cap of 21 million bitcoin to be issued ever, along with a halving of new supply every four years, may increase the attractiveness of using the asset as collateral over time. “We founded Build to deliver solutions that improve investor outcomes in an era of disruption that probably won’t mirror the investment landscape of the last 40 years,” says Matt Dines, CFA, co-founder and Chief Investment Officer at Build. “We believe the unique properties of bitcoin are only just starting to be broadly understood, and we are motivated to lead the way by providing our clients new tools like this to help achieve the investment outcomes they desire.” Unchained, a leader in financial services for bitcoin holders, is the originating agent and servicer of the loans purchased by the Fund. With collaborative three-party custody, 24/7 liquidity, and the transparency of the Bitcoin blockchain, Unchained’s lending operation has experienced no dollar losses since its inception in 2017. These properties make the Fund a unique and potentially appealing option for accredited investors seeking yield with a reduced risk profile when compared to private credit funds backed by other assets as collateral. For bitcoin holders, Unchained provides a way for borrowers to access US dollar capital without the need to sell their bitcoin, which often creates a significant tax event. The typical profile of loans held in the fund are interest-only, largely between $25,000 and $100,000, with an average loan-to-value ratio of 40%. The over-collateralization coupled with a strict margin call process may help manage the risk of Bitcoin price volatility and may protect against loss of principal for investors in the fund. The private fund is accepting new investors now as a continuous offering. Investors must qualify as accredited investors or qualified purchasers before they can enter the fund. To learn more about how to invest in the Build Secured Income Fund I, please visit: https://www.BuildBitcoin.com/. About Build Asset Management: Build Asset Management, LLC (a/k/a Build Asset Management and/or GetBuilding.com) is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration of an investment adviser does not imply any skill or training. Build Asset Management does not provide legal or tax advice. Please consult your legal or tax professionals for specific advice. Build was founded in 2018 with the mission of developing income and risk mitigation solutions to address an investment landscape undergoing generational changes. Important Risk Information: Build does not guarantee any minimum level of investment performance or the success of the Fund. Past performance does not guarantee future results. There is a potential for loss in any investment, including loss of principal invested. All investments involve risk, and different types of investments involve varying degrees of risk. Investment recommendations will not always be profitable. Bitcoin might be a speculative asset that may encounter future regulatory changes that may adversely affect its value. Bitcoin has experienced periods of extreme volatility. This press release does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations. To the extent that the reader has any questions regarding the applicability of any specific issue discussed above to their specific portfolio or situation, prospective investors are encouraged to contact Build Asset Management or consult with the professional advisor of their choosing. Certain information contained herein constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events, results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained herein may be relied upon as a guarantee, promise, assurance or a representation as to the future. YOU SHOULD MAKE YOUR OWN DECISION WHETHER THE FUND MEETS YOUR INVESTMENT OBJECTIVES AND RISK TOLERANCE LEVEL. THE INTERESTS ARE OFFERED ONLY TO QUALIFIED INVESTORS. THE INTERESTS HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, (the “SECURITIES ACT”) OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF BY AN INVESTOR. NEITHER THE US SECURITIES AND EXCHANGE COMMISSION (“SEC”), ANY STATE SECURITIES COMMISSION, OR ANY OTHER REGULATORY AGENCY OR GOVERNMENTAL AUTHORITY HAS: (I) REVIEWED THE DISCLOSURES INCLUDED HEREIN; (II) APPROVED, DISAPPROVED, ENDORSED OR RECOMMENDED THE INTERESTS; OR (III) PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PRESENTATION OR THE MEMORANDUM. NO INDEPENDENT PERSON HAS REVIEWED OR CONFIRMED THE ACCURACY OR TRUTHFULNESS OF THESE DISCLOSURES, NOR WHETHER THEY ARE COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. AN INVESTMENT IN THE INTERESTS INVOLVES SIGNIFICANT RISKS. ONLY INVESTORS WHO CAN BEAR THE ECONOMIC RISK OF THE INVESTMENT FOR AN INDEFINITE PERIOD OF TIME AND THE LOSS OF THEIR ENTIRE INVESTMENT SHOULD INVEST IN THE INTERESTS. Contacts Media: Gregory FCA for Build Asset Management Trevor Davis [email protected] 215-475-5931

On Tuesday, September 12, centralized crypto exchange CoinEx became the latest victim of a hack. At the time of the reports, over $27 million in crypto had already been carted away by the attackers. However, almost 24 hours later, the reports rolling in suggest that the exchange may have lost double the amounts that were originally reported. CoinEx Crypto Losses Rise To $55.5 Million The initial reports for the CoinEx hack showed that the attackers were able to move around $27.8 million from the exchange. But as investigators dig further into the attack, the losses have come up to around $55.5 million in crypto lost so far. According to a breakdown posted by Wu Blockchain, a platform run by Chinese reported Colin Wu, the losses extended into lesser-known tokens as well. The majority of the losses were from assets such as Ethereum, Bitcoin, and XRP, with assets on the BSC, Polygon, and Kadena blockchain also running into the millions. The ETH amount drained alone came out to over $18 million, as shown in the breakdown, while over $11 million was stolen in Tron’s TRX token. Other notable transactions include $6 million in XRP, over $6.2 million in BNB, $5.9 million in Bitcoin (BTC), $2.5 million in Solana’s SOL, $1.7 million in Dagger’s XDAG, and $1.12 million in Kadena’s KDA. There was also a little over $440,000 stolen in Bitcoin Cash’s BCH. At the time of writing, a total of $55,567,468 has been confirmed stolen from the hacking incident from the exchange. The crypto stolen from the crypto exchange was sent to 19 wallet addresses spanning 12 blockchains. Hack Continues To Unravel In the aftermath of what has been the largest centralized crypto exchange hack in 2023, CoinEx has promised to compensate all of its affected users in full. The statement which came a couple of hours after the incident was identified told users: For now, users are unable to transact on the crypto exchange as deposits and withdrawals remain unavailable. However, the exchange said in its statement that this was only a temporary measure and that these activities “will resume after a thorough review.” Over the day, the exchange has also taken to posting the wallet addresses it has identified to be linked to the attack. This is being done in an effort to raise awareness about their activities. “We urge affected projects and fellow industry colleagues to assist in flagging and freezing these questionable addresses,” CoinEx said in an X post.

Bitcoin (BTC) soared by over 5% on Tuesday to trade above $26,000 for the first time this week. A major contributor to this price rise was an increase in positive sentiment around the token as a result of Franklin Templeton, a $1.45 trillion asset manager, filing for a spot bitcoin ETF with the US Securities and Exchange Commission (SEC) However, as the market euphoria dies down, the premier cryptocurrency has experienced some market recorrection, with many investors now speculating on the token’s next movement. On this note, popular crypto analyst Ali Martinez has discovered a buy signal for BTC investors. However, there are certain conditions to be met. $28,350 or $31,800, How High Can Bitcoin Go? According to an X post on Tuesday, Ali Martinez states that the TD sequential indicator has produced a buy signal on Bitcoin’s weekly chart. Therefore, BTC could be set for a price rally after losing about 10.85% of its market value in the last 30 days. For context, the Tom Denmark (TD) sequential indicator is a technical analysis tool used to identify the exact time of trend exhaustion and price reversal. However, Martinez notes there is a clause to his latest prediction. In order to confirm the buy signal generated by the TD sequential indicator, Bitcoin must close this week trading above $25,600. Upon fulfilling this condition, the analyst predicts that BTC could trade as high as $28,350-$31,800 in the coming weeks. CPI Report Incoming: What Could This Mean For BTC Market? In other news, many BTC investors and crypto investors are likely on high alert, waiting for the United States to publish its monthly CPI data report, which is slated for release on Wednesday. The Consumer Price Index, which measures the percentage change in the price of a basket of goods and services, is a popular indicator of inflation. Related Reading: Bitcoin Price Signals Another Bearish Formation and Could Revisit $25K If the upcoming CPI report presents a rise in inflation for the month of August, it may prompt the US Federal Reserve to hike interest rates, which is popularly known to induce a dip in the demand for risk assets such as Bitcoin and other cryptocurrencies. At the time of writing, Bitcoin is trading at $26,136.30 with price gains of 1.64% in the last seven days, respectively. Meanwhile, the token’s daily trading volume declined 24.19% and is now valued at $14.83 billion.

Since all trades are settled on the balance sheet of the central bank, credit risk is eliminated. The novel arrangement will encourage creativity, rivalry, and improved service delivery. In an effort to test the viability of a CBDC, the Hong Kong Monetary Authority (HKMA), the Bank for International Settlements (BIS) Hong Kong Centre, and the Bank of Israel (BOI), have collaborated. Project Sela is an effort to build a robust, decentralized, reliable CBDC (rCBDC) ecosystem that puts privacy and security first. The project is examining the allocation of tasks between the private sectors. In this proposed framework, sector intermediates would handle customer-facing services and regulation while the central bank controls the ledger and accounts for end users. Those in the know say this novel arrangement will encourage creativity, rivalry, and improved service delivery. Facilitating Wider Access Moreover, by creating a new class of service providers called “Access Enablers” (AEs), legal study has established the feasibility of Project Sela’s proposed structure. Also, these specialist businesses handle consumer contacts without themselves controlling or holding digital money. Since all trades are settled on the balance sheet of the central bank, which retains ultimate accountability for the currency, credit risk is eliminated. This agreement lowers requirements for AEs, which might increase the number of available payment processors and stimulate competition. Project Sela’s emphasis on cyber security is a response to concerns that facilitating wider access might introduce new vulnerabilities. The objective is to guarantee that security remains intact. While benefitting from accessibility by exploiting Israel’s experience in cybersecurity and drawing ideas from initiatives in Hong Kong. Highlighted Crypto News Today: Ethereum Price Witnesses Brief Uptick as Bulls Fight Back

Telegram Messenger has unveiled a self-custodial crypto wallet for its more than 800 million active users worldwide. This move comes almost three years after the popular messaging platform initially revealed its plans to delve into the Web3 space. The crypto wallet is built on The Open Network (TON) and will be accessible via settings on Telegram’s messaging app. On the back of this announcement, the price of Toncoin (TON’s native token) surged by almost 8%. Telegram Finally Integrates Crypto Wallet On Messaging Platform On Wednesday, September 13, The Open Network announced the partnership with Telegram at the Token2049 event in Singapore. This collaboration will provide the messaging platform’s 800 million users access to a self-custodial crypto wallet. As part of the integration, projects built on the TON blockchain will receive priority access to Telegram Ads, the app’s advertising platform. This was confirmed via an X (formerly Twitter) post by Anthony Tsivarev, Director of Developer Relations at TON. John Hyman, Telegram’s Chief Investment Officer, commented on this development: Telegram initiated plans to build a Web3 ecosystem as far back as 2019. Unfortunately, the messaging platform had to cool off its initiative with The Open Network in 2020 due to a lawsuit from the United States Securities and Exchange Commission (SEC). In 2019, the SEC filed a lawsuit against Telegram for raising $1.7 billion through the initial coin offering (ICO) of a token (called Grams), which the regulatory body deemed as an unregistered security. The messaging platform resolved this issue by paying an $18.5 million fine and returning unused investor funds. TON Maintains Positive Momentum – Price Overview In the wake of this announcement, Toncoin registered a nearly 8% price spike. The cryptocurrency currently sits as one of the top gainers in the market today, with a substantial 13% price increase in the last 24 hours. Interestingly, this latest price movement only underscores the token’s market performance in recent weeks. According to data from CoinGecko, the price of TON has soared by more than 36% in the past month. This positive performance is even more impressive, considering the sluggish condition of the cryptocurrency market in the past few weeks. Most top altcoins, including ETH, XRP, and SOL, have been struggling due to the current market sentiment. While the TON token is currently valued at $1.94, seeing if this latest burst of positivity can drive the cryptocurrency above $2 would be interesting. Nevertheless, Toncoin ranks as the 12th-largest cryptocurrency, with a market cap of roughly $6.68 billion.

Ethereum (ETH) is facing a challenging period as crypto trader Bluntz predicts further bearish trends before a potential reversal. This uncertainty in Ethereum’s price has sparked discussions in the crypto community, especially in light of recent whale activity. Crypto analyst Bluntz, known for his insightful market predictions, has raised concerns about Ethereum’s short-term performance. He applies the Elliott Wave theory, a complex technical analysis method, to understand market sentiment and predict future price movements. The theory suggests that market trends follow a wave-like pattern, reflecting the ebb and flow of investor psychology. Bluntz believes that ETH will continue to experience a bearish trend in the coming weeks, possibly reaching around $1,440 before wrapping up its correction and rise. ETH Price: Decoding The Market Psychology In his recent social media update, Bluntz shared a chart indicating the potential for Ethereum to rally to $2,500 following the expected reversal. This projection highlights the intricacies of Elliott Wave theory, where market sentiment can shift in waves, often influencing cryptocurrency prices. Meanwhile, a significant whale movement in the Ethereum market has left many wondering about its implications. According to WhaleAlert, a whopping 21,938 ETH, equivalent to approximately $34.78 million, found its way into Coinbase’s wallets. Shortly thereafter, another 32,500 ETH, valued at around $51.3 million, was deposited into OKX, a prominent cryptocurrency exchange. Whale Moves Shake The Ethereum Community Such large-scale transactions by cryptocurrency whales can send shockwaves through the market, potentially affecting supply and demand dynamics. The sudden influx of ETH into these exchanges raises questions about the intentions of these deep-pocketed investors. Are they positioning themselves for a long-term hold, or do they anticipate price movements that could favor their trading strategies? Per CoinGecko, ETH is currently trading at $1,596, with a 24-hour gain of 0.7% and a seven-day loss of 2.1%. These price fluctuations underscore the ongoing volatility in the crypto market and the need for investors to stay informed about the latest developments. Keeping An Eye On Ether’s Movements Ethereum’s short-term future remains uncertain as it grapples with bearish trends, as predicted by crypto analyst Bluntz. The application of Elliott Wave theory offers a unique perspective on market sentiment. Additionally, the recent whale movements involving significant amounts of ETH add an element of intrigue and uncertainty to Ethereum’s price trajectory. Crypto enthusiasts and investors will be closely watching these developments, as they may provide clues about the future direction of the cryptocurrency market. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from DutchReview

SEC Chairman Gary Gensler is on the hot seat as the Senate Banking Committee demands answers and clarity on a range of topics including the commission’s ongoing investigations in the crypto space and Gensler’s belief that cryptocurrencies should be regulated under the securities law. Senate Banking Committee Grills Gensler Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC) was cross-examined by the Senate Banking Committee on Tuesday, September 12. The committee probed the SEC boss for clarification on the commission’s complex rules changes and the ability of these new regulations to address future market failures. Following the hearing, a Journalist at Fox Business, Eleanor Terrett, revealed in an X (formerly Twitter) post a list of key points from the hearing between SEC Chair Gary Gensler and the Senate Banking Committee. She stated that a variety of topics were discussed in the hearing, with Artificial Intelligence being the primary focus, while cryptocurrency was discussed on a small scale. Nevertheless, Terrett explained that the members of the committee brought to light Gensler’s rule-making pace, and his aggressive pursuit of crypto firms in the industry. Republican members of the committee mostly questioned Gensler on his activities in the crypto industry. Some members felt he was encouraging a turbulent environment in the crypto space by enacting new rules and regulations at an excessively fast pace. However, other members felt he was not putting enough effort into positioning the crypto industry under the commission’s heel. Gensler responded by saying that the US SEC was enacting rules and regulations at a determined pace much slower than the committee’s previous Chairs. As an example, Gensler explained that he provided the public with a sufficient timeline of 70 days to make comments on the commission’s most recent securities rule which involved climate change. When asked about approvals for Grayscale’s spot Bitcoin ETFs, Gensler avoided making any solid statements. However, he emphasized the importance of securities law in regulating digital assets like cryptocurrency and protecting investors in the crypto industry from fraud and risks. “I think at the heart of our securities laws is protecting investors against fraud. They get to decide. They get to take the risk. I’m not negative or minimalist about crypto. I just think it would be best if it’s inside the investor protection regime that Congress laid out,” Gensler stated in the hearing. The SEC’s Ongoing Battle With Crypto Industry The ongoing battle with the US SEC and the crypto industry has been dominating headlines for years now. The regulatory commission has been striving to assert its authority and establish clear rules and guidelines for the rapidly evolving crypto sector. In its attempt to govern the crypto sector, the US SEC has filed multiple lawsuits against different crypto firms including Ripple, Gemini, and crypto exchanges like Binance and Coinbase. In light of this, many crypto industry leaders and political leaders supporting the advancement of cryptocurrency argue that the SEC’s classification of cryptocurrencies as securities stifles innovation and imposes unnecessary restrictions on digital assets.

The price of Ethereum recently broke the key support level of $1600. ETH price witnessed a brief surge lately after finding support at $1539 level. Glassnode, a blockchain analytics platform, recently reported that just around 53.5% of Ethereum addresses are profitable. The cryptocurrency’s price has dropped by 13.66% over the previous 30 days. Moreover, the price of Ethereum recently broke the key support level of $1600. According to Glassnode’s calculations, the last time the percentage of profitable Ethereum addresses fell under 54% was on January 12 this year. In the latter days of 2022 and the first few days of the current year, the proportion dropped even further. Retail Traders Likely Buying the Dip At the time of writing the price of ETH is $1596 as per data from CMC, up 1.08% in the last 24 hours. The price of ETH witnessed a brief surge lately after finding support at $1539 level. The price is testing the $1620 resistance level at the time of writing. If the price manages to close over $1620, it may go higher towards the next resistance level at $1670. Source: CoinMarketCap The recent price decline that brought ETH all the way till $1539 is supposed to have sparked a purchasing mania. Retail traders likely saw this as a chance to buy assets at rock-bottom prices, and they rushed in to do so. On the other hand, Ethereum’s price may drop again if it is unable to break above the $1620 barrier level. The area around $1565 should provide first downward support. Moreover, if the price drops below $1530, it might drop further to the $1500 area. In this scenario, it is possible that the price will further drop below the $1440 mark.

Bullish TWT price prediction for 2023 is $1.0076 to $1.3844. Trust Wallet Token (TWT) price might reach $2 soon. Bearish TWT price prediction for 2023 is $0.4894. In this Trust Wallet Token (TWT) price prediction 2023, 2024-2030, we will analyze the price patterns of TWT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Trust Wallet Token (TWT) Current Market Status What is Trust Wallet Token (TWT)? Trust Wallet Token (TWT) 24H Technicals TRUST WALLET TOKEN (TWT) PRICE PREDICTION 2023 Trust Wallet Token (TWT) Support and Resistance Levels Trust Wallet Token (TWT) Price Prediction 2023 — RVOL, MA, and RSI Trust Wallet Token (TWT) Price Prediction 2023 — ADX, RVI Comparison of TWT with BTC, ETH TRUST WALLET TOKEN (TWT) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Trust Wallet Token (TWT) Current Market Status Current Price $0.7783 24 – Hour Price Change 2.28% Down 24 – Hour Trading Volume $22,925,613 Market Cap $324,428,280 Circulating Supply 416,649,900 TWT All – Time High $2.72 (Dec 12, 2022) All – Time Low $0.006478 (On Jul 31, 2020) TWT Current Market Status (Source: CoinMarketCap) What is Trust Wallet Token (TWT) TICKER TWT BLOCKCHAIN Ethereum CATEGORY Governance Token LAUNCHED ON November 2017 UTILITIES Governance, security, gas fees & rewards Trust Wallet Token (TWT) is the native utility token of Trust Wallet. Trust Wallet is a “multi-cryptocurrency” wallet mobile app that exists on the Binance Smart Chain (BSC). The wallet app was launched in November 2017 by Viktor Radchenko. It was then acquired by Binance in July 2018. Trust Wallet App allows users to securely store cryptocurrencies and non-fungible tokens (NFTs) securely. As of 2023, Trust Wallet supports more than 4.5 million assets on 65 blockchains. Its utility token, Trust Wallet Token (TWT) was launched as a BEP-2 token on Binance Chain in February 2020, and then later in October 2020, it was relaunched as a BEP-20 token on the Binance Smart Chain (BSC). On holding TWT tokens, users get to access the services on the crypto wallet app. TWT also serves as the governance token that grants voting power to users. Trust Wallet Token 24H Technicals (Source: TradingView) Trust Wallet Token (TWT) Price Prediction 2023 Trust Wallet Token (TWT) ranks 88th on CoinMarketCap in terms of its market capitalization. The overview of the Trust Wallet Token price prediction for 2023 is explained below with a daily time frame. TWT/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Trust Wallet Token (TWT) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend. Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts. At the time of analysis, the price of Trust Wallet Token (TWT) was recorded at $0.7783. If the pattern trend continues, then the price of TWT might reach the resistance levels of $0.9905, and $1.8894. If the trend reverses, then the price of TWT may fall to the support of $0.7099. Trust Wallet Token (TWT) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Trust Wallet Token (TWT) in 2023. TWT/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Trust Wallet Token (TWT) for 2023. Resistance Level 1 $1.0076 Resistance Level 2 $1.3844 Support Level 1 $0.7107 Support Level 2 $0.4894 TWT Resistance & Support Levels Trust Wallet Token (TWT) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Trust Wallet Token (TWT) are shown in the chart below. TWT/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Trust Wallet Token (TWT) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.8692Price = $0.7816 (50MA > Price) Bearish(Downtrend) Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 41.25 <30 = Oversold 50-70 = Neutral>70 = Overbought Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume Trust Wallet Token (TWT) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Trust Wallet Token (TWT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). TWT/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Trust Wallet Token (TWT). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 23.6373 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 49.92 <50 = Low >50 = High Low Volatility Comparison of TWT with BTC, ETH Let us now compare the price movements of Trust Wallet Token (TWT) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs TWT Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of TWT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of TWT also increases or decreases respectively. Trust Wallet Token (TWT) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Trust Wallet Token (TWT) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Trust Wallet Token (TWT) Price Prediction 2024 $3 $1.5 Trust Wallet Token (TWT) Price Prediction 2025 $4 $1.3 Trust Wallet Token (TWT) Price Prediction 2026 $5 $1.2 Trust Wallet Token (TWT) Price Prediction 2027 $6 $1.1 Trust Wallet Token (TWT) Price Prediction 2028 $7 $1 Trust Wallet Token (TWT) Price Prediction 2029 $8 $0.8 Trust Wallet Token (TWT) Price Prediction 2030 $9 $0.5 Conclusion If Trust Wallet Token (TWT) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Trust Wallet Token (TWT) price prediction for 2023 is $1.3844. Comparatively, the bearish Trust Wallet Token (TWT) price prediction for 2023 is $0.4894. If there is a positive elevation in the market momentum and investors’ sentiment, then Trust Wallet Token (TWT) might hit $2. Furthermore, with future upgrades and advancements in the Trust Wallet Token ecosystem, TWT might surpass its current all-time high (ATH) of $2.72 and mark its new ATH. FAQ 1. What is Trust Wallet Token (TWT)? Trust Wallet Token (TWT) is the utility and governance token of the Trust Wallet App, a multi-cryptocurrency wallet mobile app existing on the Binace Smart Chain (BSC). TWT was launched initially as a BEP-2 token and then later on relaunched as BEP-20 token in October 2020. 2. Where can you buy Trust Wallet Token (TWT)? Trust Wallet Token (TWT) has been listed on many crypto exchanges which include Binance, OKX, Deepcoin, Bybit, and Cointr Pro. 3. Will Trust Wallet Token (TWT) record a new ATH soon? With the ongoing developments and upgrades within the Trust Wallet Token platform, Trust Wallet Token (TWT) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Trust Wallet Token (TWT)? Trust Wallet Token (TWT) hit its current all-time high (ATH) of $2.72 on Dec 12, 2022. 5. What is the lowest price of Trust Wallet Token (TWT)? According to CoinMarketCap, TWT hit its all-time low (ATL) of $0.006478 on Jul 31, 2020. 6. Will Trust Wallet Token (TWT) hit $2? If Trust Wallet Token (TWT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon. 7. What will be the Trust Wallet Token (TWT) price by 2024? Trust Wallet Token (TWT) price might reach $3 by 2024. 8. What will be the Trust Wallet Token (TWT) price by 2025? Trust Wallet Token (TWT) price might reach $4 by 2025. 9. What will be the Trust Wallet Token (TWT) price by 2026? Trust Wallet Token (TWT) price might reach $5 by 2026. 10. What will be the Trust Wallet Token (TWT) price by 2027? Trust Wallet Token (TWT) price might reach $6 by 2027. Top Crypto Predictions Polygon (MATIC) Price Prediction 2023, 2024, 2025-2030 Binance Coin (BNB) Price Prediction 2023, 2024, 2025-2030 PancakeSwap (CAKE) Price Prediction 2023, 2024, 2025-2030 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made last-minute adjustments to its proposal concerning the sale of its Bitcoin and crypto holdings. This move is seen as an attempt to address concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which is set to be reviewed in a Delaware Bankruptcy Court today, September 13, aimed to liquidate $3.4 billion in Bitcoin and other crypto assets. The market had been rife with concerns about the potential impact of such a massive sale, fearing it could exert significant selling pressure on an already fragile market. On August 24, FTX had proposed appointing Galaxy Digital, led by Mike Novogratz, as the investment manager to oversee the sale and management of these recovered assets. The plan allowed FTX to sell up to $100 million worth of tokens per week, a cap that could be increased to $200 million on an individual token basis. Details Of The Revised Bitcoin And Crypto Sale Proposal FTX’s revised proposal indicates that the exchange will not be required to issue advance public notice of these transactions due to their potential to significantly influence market prices. This decision comes in light of the fact that the mere prospect of a crypto entity selling up to $100 million of assets weekly has already dampened the sentiment of the market. The US Trustee had initially opposed FTX’s plan, emphasizing that any intent to sell off significant assets like bitcoin (BTC) or ether (ETH) should be widely publicized to allow others the opportunity to voice objections. In a compromise, FTX has now agreed to keep the US Trustee and committees representing the exchange’s creditors privately informed. FTX’s holdings, as of August 31, include $1.16 billion in Solana’s SOL, $560 million in BTC, $192 million in ETH, $137 million in APT, $120 million in USDT, $119 million in XRP, $49 million in BIT, $46 million in STG, $41 million in WBTC and $37 million in WETH. Notably, a significant portion of FTX’s SOL tokens is locked and will only be fully vested between 2025 and 2028. This means any sale would involve a buyer taking over FTX’s vesting contract, negating the possibility of a sudden massive dump of SOL tokens. Market Reactions And Concerns Renowned crypto trader Hsaka voiced concerns on X about the potential information disparity. Hsaka pointed out that while market makers and OTC buyers might receive crucial price-moving information, smaller investors could be left in the dark. He tweeted: “So with the new FTX liquidation proposal they wouldn’t issue advanced public notice before they start liquidating assets, but would let members of the creditors committee know. The same committee with a bunch of Market Makers and OTC desks on it?” While FTX’s last-minute changes to its liquidation plan seem strategic, aiming to minimize potential market disruptions, they also raise questions about transparency. The court order authorizing the liquidation still suggests that the interests of all stakeholders have been considered. However, the Bitcoin and crypto community will be keenly watching Judge John Dorsey’s decision in the Delaware courtroom and the subsequent market reactions. At press time, BTC traded at $26,124.

India has claimed the top spot in global crypto adoption, surpassing Nigeria, Vietnam and the US. DeFi is surging in CSAO, comprising 55.8% of regional transaction volume from July 2022 to June 2023. Blockchain analysis platform Chainalysis unveiled its Global Crypto Adoption Index for 2023, revealing that India has surged to the top spot in terms of cryptocurrency adoption despite grappling with a challenging regulatory and tax environment. This marks a two-spot rise from its position in the previous year’s rankings. The report sheds light on the fact that emerging markets are taking the lead in global cryptocurrency adoption, with 20 countries. Central & Southern Asia and Oceania (CSAO) have emerged as a dynamic and fascinating cryptocurrency market, ranking third in raw transaction volume, closely following North America and Central, Northern & Western Europe (CNWE), contributing to nearly 20% of worldwide crypto activity. Countries Rank Map (Source: Chainalysis) On the Global Crypto Adoption Index, India surpasses countries like the US, UK, and Russia, underscoring the robustness of India’s crypto community and its commitment to driving further adoption of blockchain technology. India’s Lead in Global Crypto Adoption India has taken the lead in terms of transaction volume, receiving an estimated $268.9 billion in crypto assets. This impressive figure underscores India’s growing interest and involvement in the world of cryptocurrencies. CSAO Cryptocurrency Value (Source: Chainalysis) Also, the report highlights the increasing role of decentralized finance (DeFi) in CSAO, accounting for approximately 55.8% of regional transaction volume between July 2022 and June 2023, a significant increase from the previous year. Furthermore, institutional adoption in the region appears to be on the rise, with 68.8% of total transaction volume involving transfers valued at $1 million or more, compared to 57.6% in the preceding period. Moreover, India’s position at the forefront of cryptocurrency adoption is particularly impressive considering the challenging regulatory and tax landscape. Despite recent clarifications by regulatory agencies, India taxes cryptocurrency activities at a relatively high rate, with a 30% tax on gains, unique to crypto, and a 1% tax on all transactions, referred to as a tax deducted at source (TDS). This means that crypto platforms must deduct the TDS amount from users’ balances at the time of the trade. However, in the realm of cryptocurrency web traffic, centralized exchanges reign supreme across these nations. The Philippines leads the pack with a significant 19.9% of crypto-related web traffic funneled into gaming and gambling platforms, closely trailed by Vietnam at 10.8%. Meanwhile, Pakistan and Vietnam showcase a higher preference for peer-to-peer (P2P) exchanges, frequently favored in emerging markets and regions with stringent capital controls. In conclusion, the report also points out that global cryptocurrency adoption reached its peak in Q1 of 2023 and has since fluctuated in waves. Nevertheless, it remains significantly higher than during the 2022 turbulence market.

Binance.US has reduced its workforce by roughly 100 employees. The monthly trading volume on the platform is now lower than it was in early 2020. Binance.US CEO Brian Shroder has stepped down, and Chief Legal Officer Norman Reed has been appointed to lead the company in the interim. In response to the severe regulatory crackdown by the United States SEC, Binance.US has reduced its workforce by roughly 100 employees. The U.S arm of Binance, which is facing an increasing number of legal and operational issues, is cutting staff for the second time this year. Severe Scrutiny by Authorities The United States Securities and Exchange Commission filed charges against Binance Holdings, its CEO Changpeng Zhao, and Binance.US in June, saying that they had mishandled client cash, misled investors and authorities, and broken securities laws. Zhao and the businesses have denied these allegations. As a result of the SEC’s activities, Binance users ran into trouble making dollar deposits and withdrawals. This occurred when the platform began to lose support from a number of its financial partners. The corporation was forced to come up with a solution and create a new system for Binance users in the United States. As of March, the CFTC had also filed charges against Binance and Zhao for “willful evasion of federal law.” Binance is also being investigated by the United States DOJ, which has not yet brought any charges against the exchange. According to CCData research analyst Jacob Joseph, Binance.US market share has shrunk substantially from around 2.39% in April to just under 0.6% now. The monthly trading volume on the platform is now lower than it was in early 2020. Highlighted Crypto News Today: India Dominates Crypto Adoption: Chainalysis

CoinStats offers exclusive rewards at the TOKEN2049 premier crypto event in Singapore this September. You can visit the CoinStats booth to test your “degenhood” at its unique “Degen Checkpoint” and take home an exclusive cap with its NFT version. This prize comes with a Lifetime CoinStats Premium subscription valued at $399. If you happen to be a degen, you’ll secure an exclusive Phygital NFT cap that brings the following benefits: Certifies of your ‘Degen’ status Grants you CoinStats Lifetime Premium Gives you a custom Discord role To participate, visit the CoinStats booth (M26) and follow these simple steps: Download the CoinStats app and Log in with your wallet, or connect your best Ethereum wallet. Open the Portfolio tab, click on the 3-dot menu, and select Analytics / Pie Chart. Get your Activity Score on Chain Activity. You’ll get the Degen title at the CoinStats booth if you score high enough. By redeeming your rewards, you agree to tweet a photo with the cap and/or the screenshot of the exclusive Phygital NFT. Don’t forget to tag and follow @CoinStats. This is not just a token; it’s an experience that taps into the heart of crypto culture. Read on for the latest CoinStats features below. Chain Activity: Your Airdrop Farming Assistant With crypto airdrops gaining popularity, keeping track of your wallet’s performance has never been so pertinent. To help you stay on track, CoinStats introduces its latest feature – Chain Activity. It allows users to keep tabs on their wallets’ activities, with a focus on chains with potential for airdrops. Here’s what Chain Activity can help you with: Activity Score Calculation Have you ever wondered how you rank among others farming airdrops on a particular chain? Chain Activity displays your score and the top percentile rank you fall into based on your activity. Chain Activity introduces a scoring mechanism capped at 100 points. This number is based on the average percentage of your activity and is shown as the top card. It gives you a full picture of how your wallet is doing. Transactions Count You can now monitor your transaction patterns effortlessly. Chain Activity gives you an exact count of all transactions, so you’re always in the know. Total Trading Volume Navigating your trading activity just got easier. Understand the complete volume of your transactions within a specific chain. Total Fees Spent Stay up-to-date on the total amount of fees spent in the chain. This will help you manage your assets more efficiently. Last Activity Chain Activity also offers insights into the last active time and aggregates activity over days, weeks, and months on the chain. This provides users with a comprehensive view of their engagement and overall activity on the chain. This feature is invaluable for those engaged in airdrop farming on zkSync, Starknet, Polygon zkEVM chains, etc. Airdrop enthusiasts can use Chain Activity to assess their likelihood of getting an airdrop and compare their wallets’ engagement with the overall actions on the chain. Wallet Explorer: Your Assistant Across 70 Blockchains Wallet Explorer is another new feature taking your wallet exploration to the next level. Now, you can seamlessly explore wallet addresses, ENS domains, and NFTs without switching between blockchain explorers. Users can search wallets directly from the search bar, supported across 70 chains. The feature offers complete wallet analytics, including asset allocation, portfolio performance against the market, and PnL assessment. Wallet Explorer enables you to monitor the DeFi and NFT transaction history of the wallets you’ve selected and create a watchlist of wallets that spike your interest to track their analytics and transactions. It also helps you discover trending wallets for potential investment opportunities with CoinStats’ curated list of trending wallets. 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.

Sui’s “zkLogin” enables Sui dApp developers to offer social authentication, easing onboarding of non-crypto-native users to Web 3 applications SINGAPORE–(BUSINESS WIRE)–Sui, a groundbreaking Layer 1 blockchain which, since its mainnet launch in May, has been achieving network milestones at a remarkable pace, today announced through Sui Foundation, the launch of zkLogin, a web 3 authentication solution that allows end users to login to decentralized applications (dApps) using the same social accounts they are accustomed to leveraging in the traditional web. zkLogin makes it possible for users to join the Sui ecosystem without having to install a wallet or manage seed phrases. Instead, through Sui’s new network primitive, developers can offer users the ability to authenticate with their favorite dApps using their existing accounts with Google, Facebook, Twitch, and other third-party providers. Future plans include similar integrations with Microsoft, Apple, WeChat and Amazon. Most importantly, these users will still benefit from the distinct privacy and ownership which are offered by blockchain-based applications, but unavailable in conventional web applications. “By enabling users to access dApps with the social logins they have grown comfortable using, zkLogin removes a major hurdle for bringing the benefits of blockchain-based applications to billions of mainstream users,” said Greg Siourounis, Managing Director of the Sui Foundation. “I am looking forward to seeing what the talented builders and developers in the Sui community will create using this new network capability.” In basic terms, zero knowledge proof technology enables one party to prove the truth of an assertion without revealing anything beyond the simple fact that the assertion is in fact true. By combining zk-SNARKs and JSON Web Tokens, Sui’s zkLogin leverages zero-knowledge-proof technology by allowing users to prove their identity or the ownership of a wallet without revealing the actual credentials required to access the account. “Too many individuals – whose everyday lives would benefit from blockchain technologies – are irretrievably lost at our doorstep, frustrated at installing web3 wallets and managing seed phrases,” said Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs. “zkLogin on Sui applies a login pattern that is well known, simple and effective to this new arena. This technology, now on Sui, is the biggest opportunity so far to remove these barriers and onboard a billion new users to the next generation of connected experiences.” zkLogin is immediately available to all Sui developers to incorporate for the users of their applications. To learn more, visit https://sui.io/zklogin. About Sui Sui is a groundbreaking Layer 1 blockchain that leverages an object-centric data model that allows digital assets and their attributes to exist both on-chain and beyond the constraints of smart contracts. This distinctive approach powers The Sui Network’s sub-second finality, parallel execution, and dynamic on-chain assets. With horizontally scalable processing and storage, Sui is a leap forward for blockchain and a platform on which creators and developers can build amazing, user-friendly experiences and power a wide range of applications. Join the revolution in digital asset ownership and discover the transformative potential of Sui at https://sui.io. Contacts [email protected]

The Solana (SOL) community has been closely monitoring the crypto’s price movements as it endures a relentless downward trend. Notably, this corrective phase has adhered to a distinct pattern, encapsulated within two converging trendlines, forming what technical analysts identify as a descending wedge formation. Historically, such patterns have acted as precursors to substantial bullish surges upon breaking free from the upper resistance. The question that now lingers in the minds of crypto enthusiasts: Is Solana poised for a bullish turnaround, or should we brace for more market turbulence? At present, Solana is trading at $17.86, according to CoinGecko data. Over the last 24 hours, it has witnessed a modest decline of 0.5%, contributing to a seven-day slump of 10.4%. The intriguing aspect is that SOL’s price currently hovers near the upper boundary of the descending wedge pattern, a crucial juncture where traders are grappling with substantial selling pressure. This position implies that Solana may be poised to either break free from its recent struggles or face further rejection at this trendline resistance. Awaiting SOL’s Bullish Breakout For those harboring bullish sentiments for SOL, a prudent approach may be to await a clear breach of the aforementioned resistance. If such an event occurs, it could trigger a rally pushing Solana toward a potential target of $22.21. Beyond that, the cryptocurrency might set its sights on even loftier goals, with price milestones at $25.43 and $32 becoming realistic objectives. However, it’s essential to note that in the volatile world of cryptocurrency, the bearish sentiment can swiftly gain traction. In such a scenario, SOL could experience a further decline of approximately 11%, potentially targeting the $16.5 price region. Solana’s Fundamentals Remain Strong One trader, known as Altcoin Sherpa on the social media platform X, offers a perspective that combines long-term optimism with short-term caution. Altcoin Sherpa views Solana as a fundamentally robust crypto project poised to perform well during the next bull market. Although the trader remains long-term bullish on SOL, the path to bull territory may not be a smooth one, Altcoin Sherpa implied: Solana’s price movement remains a focal point of interest in the cryptocurrency community. The descending wedge formation has set the stage for a potentially significant breakout or breakdown, and traders are advised to stay vigilant as the market dynamics unfold. Whether Solana’s next move is bullish or bearish, the crypto world eagerly awaits to see where this innovative blockchain platform will steer its course. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Morpheus Trading Group

CoinEx suffered a hack on September 12, with losses estimated at nearly $54 million. Approximately $5.98M in BTC and $18M in ETH were drained from CoinEx’s hot wallet. The exchange detected these anomalous withdrawals through its Risk Control System. CoinEx, a prominent cryptocurrency exchange, found itself in the spotlight on September 12 amidst suspicions of a security breach that potentially cost them close to a staggering $53.9 million. The incident sent shockwaves through the crypto community, as large withdrawals to an unfamiliar address raised red flags. On Tuesday, at 1:21 PM UTC, around 4,947 ETH, worth $7.9 million, were swiftly transferred from a well-known CoinEx hot wallet to an Ethereum (ETH) account. What raised eyebrows even further was the recipient account’s complete absence of any prior transaction history. Following this mysterious transfer, a massive volume of tokens embarked on a one-way journey from CoinEx’s hot wallet to the same enigmatic address. This flurry of activity was sufficient to catch the attention of numerous blockchain security companies that promptly labeled the withdrawals as “suspicious.” Blockchain security platform Slow Mist estimated a loss of nearly $53.96 million worth of cryptocurrencies. The exploit included Bitcoin (BTC), Ethereum (ETH), XRP, Polygon (MATIC), Solana (SOL), TRON (TRX), Binance Coin (BNB), Bitcoin Cash (BCH) and others on the stolen list. (Source: Slow Mist) Notably, CryptoQuant’s director of research, Julio Moreno, expressed his concerns about the unusual behavior of CoinEx’s wallet. He highlighted that the wallet’s Ether reserves had dwindled to nearly zero ETH, a startling revelation. CoinEx Confirms Its Stance In response to the brewing crisis, CoinEx took to Twitter at 5:25 PM UTC on Tuesday to address the issue. They revealed that their Risk Control System had detected “anomalous withdrawals” from multiple hot wallet addresses that are responsible for safeguarding the exchange’s assets. To tackle this critical situation head-on, CoinEx assembled a “special investigative team” to investigate the matter and ascertain the extent of the breach. To reassure concerned users, CoinEx emphasized that the withdrawn cryptocurrency represents only a fraction of their overall reserves. They pledged to compensate users for any losses incurred due to this breach, promising a full 100% reimbursement.

Tencent Cloud enters the Web3 arena with Tencent Cloud Blockchain RPC. In partnership with Ankr, this innovative service streamlines Web3 infrastructure for developers. Tencent Cloud, the global tech giant’s cloud arm, has made a significant stride into the Web3 space with the launch of Tencent Cloud Blockchain RPC. Developed in collaboration with blockchain service provider Ankr, this offering is set to redefine Web3 infrastructure and support Web3 developers in their quest for reliability and speed. Tencent Cloud Blockchain RPC introduces a convenient way for developers to query data and execute transactions across various blockchains. Designed with stability, this service allows developers to interact with blockchain networks with astonishingly low latency, enabling them to focus their energies on decentralized application development. Overcoming Node Challenges One of the standout features of Tencent Cloud Blockchain RPC is its ability to help enterprises and Web3 projects overcome the formidable challenges of managing their nodes. These challenges include the high operational costs, manpower requirements, and resources needed to deploy, maintain, and upgrade nodes at short notice. Additionally, the service tackles issues related to weak stability, hardware failures, network interruptions, and malicious attacks that can adversely affect application performance. It also addresses the problem of elastic scaling, ensuring flexibility during high-concurrency periods. Poshu Yeung, Senior Vice President of Tencent Cloud International, expressed their commitment to the global Web3 community through this launch. Highlighting Tencent Cloud’s readiness to evolve and meet market demands effectively. Stanley Wu, Co-Founder and CTO of Ankr, emphasized the significance of this partnership, noting that it marks a pivotal moment in integrating the decentralized internet with the broader web ecosystem, fostering accelerated blockchain application development. Versatile Offerings Tencent Cloud Blockchain RPC comes in three versions: public, premium, and an enterprise-exclusive option on the horizon. The public version offers free blockchain interaction with set features and rate limits. In contrast, the premium version caters to Pay-as-you-Go blockchain interaction, providing enhanced request throughput and rate limits. Further, Tencent Cloud Blockchain RPC boasts high concurrency performance. That supporting up to 1,800 requests per second per chain. Leveraging Tencent Cloud’s cloud service expertise spanning over a decade. The offering guarantees high disaster tolerance, availability, and ultra-low latency RPC services. Moreover, Tencent Cloud’s debut Web3 product is now live in Hong Kong and Singapore, serving a global clientele. It currently supports Ethereum Mainnet, BNB Smart Chain, and Polygon PoS. With plans to include more Layer-1 and Layer-2 roll-up blockchains.

TON trading volume has surged 77% in the past 24 hours. A bullish trend prevails with a 9-day EMA at $1.83. TON, the native token of Toncoin, a prominent Layer 1 blockchain, has emerged as the top gainer in the past 24 hours, experiencing a significant surge of 10%. This surge has caught the attention of the community as it marks a recovery phase after a challenging week. Amidst that, it has managed to maintain its bullish momentum throughout the fourth quarter, with a remarkable 35% surge in the past 30 days. One key driving factor behind this surge is the recent announcement by TON (The Open Network) on September 12, revealing its collaboration with NFTScan, a multi-chain NFT data infrastructure service provider. This partnership has resulted in the launch of TON NFTScan, an all-inclusive NFT explorer integrated into the ecosystem. Meanwhile, just hours ago, the TON’s team took to Twitter to unveil their upcoming presentation at Token249, one of the year’s major crypto events held in Singapore. The announcement hinted at the transformation of Telegram through Toncoin, igniting excitement within the community. Notably, the TON blockchain was developed by the Telegram team using the proprietary TVM virtual machine. Examining TON Price Moments The trading volume of TON has surged by an impressive 77%, reaching $48 million. Further insights from the IntoTheBlock data indicate that whales currently hold a significant 76.32% of the circulating supply. TON Price Chart, Source: TradingView Moreover, A closer look at TON’s recent price movements reveals a prevailing bullish dominance on the daily chart. The 9-day exponential moving average (EMA) is currently situated at $1.83, suggesting ongoing bullish sentiment. The daily relative strength index (RSI) stands at 63, indicating that the asset is approaching overbought territory. As of now, it is trading at $1.84.

Parity and Zodia Custody to facilitate seamless institutional access to the Polkadot ecosystem, offering compliant custody and secure staking Zodia Custody to aid in developing the Polkadot ecosystem’s institutional adoption via collaborative research and development initiatives LONDON & SINGAPORE–(BUSINESS WIRE)–Zodia Custody, a leading institution-first digital asset custodian, whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, today announced a long-term strategic partnership with Parity Technologies, a leading contributor to Polkadot. The partnership will enable institutional access to the Polkadot ecosystem and in the longer term, broaden the Polkadot ecosystem’s institutional adoption via joint research and development initiatives. The partnership’s first major implementation will see Zodia Custody provide custody services for the Polkadot ecosystem, enabling secure market access and bank-grade digital asset custody services for financial institutions. With respect to its activities in crypto assets and as a VASP, Zodia Custody is registered with the UK’s FCA, Ireland’s CBI and Luxembourg’s CSSF per each jurisdiction’s money laundering requirements. As a result, institutions are able to operate with higher levels of regulatory compliance and within a framework of enhanced security on a registered platform. The next stage of the partnership will also enable financial institutions to stake DOT, the native token of Polkadot, whilst assets are held safely in cold storage within Zodia Custody, thereby broadening the reach of participation in the Polkadot ecosystem to institutions. The service has been designed to be as frictionless as possible and widen contribution to secure the decentralized Polkadot network. “The gap between the world of digital assets and traditional finance is coming together, but strategic partnerships such as this one will help bridge that gap at scale,” said Julian Sawyer, CEO of Zodia Custody. “This partnership with Parity is essential to the future of this ecosystem by enabling future institutional participation. Together, we’re making Polkadot’s technology more accessible for institutions, while also bringing all the regulatory, governance, and security expertise we have as a bank-owned and registered entity.” “This collaboration with Zodia Custody is a win-win,” said Björn Wagner, CEO of Parity Technologies. “It will allow financial institutions to actively participate in the Web3 future being built on Polkadot, and will also help the Polkadot ecosystem to engage directly with institutions. By tapping into Zodia Custody’s deep expertise as leaders in the digital asset custody space, this relationship will undoubtedly boost innovation, participation, and adoption across Polkadot.” Zodia Custody’s work with Parity will also see the digital asset custodian support the long term evolution and growth of the Polkadot ecosystem. This includes educating institutions about Polkadot technology via cross-collaboration research and development. Zodia Custody will also support various Parity and Polkadot global initiatives. Notes to Editors: High-resolution images and logos can be found here. For more information about Zodia Custody: LinkedIn, Twitter. About Zodia Custody Zodia Custody is the leading institution-first digital asset custodian by Standard Chartered, in association with Northern Trust and SBI Holdings. It enables institutional investors around the globe to realise the full potential of the digital asset future – simply, safely, and without compromise. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors. Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended. Notes to Editors: High-resolution images and logos can be found here. For more information about Polkadot: LinkedIn, Twitter. About Polkadot Polkadot is the blockspace ecosystem for boundless innovation. It enables Web3’s biggest innovators to get their ideas to market fast, with flexible costs and token options. By making blockchain technology secure, composable, flexible, efficient, and cost-effective, Polkadot is powering the movement for a better web. About Parity Technologies Parity Technologies Ltd is a software development company and collective of tech experts who are passionate about building an internet that belongs to everyone. Comprised of some of the world’s leading blockchain innovators, core engineers, Rust developers, and solutions architects, Parity has offices in Berlin, London, Lisbon, and Singapore. Working with the Web3 Foundation, Parity successfully completed the launch of Polkadot in 2021 and continues to be a leading contributor to the network. Contacts Zodia Custody: Rich Went Gallium Ventures +44 (0) 7745 496 065 [email protected] Parity Technologies: Laura Cooley Parity Technologies [email protected]

XRP, the cryptocurrency associated with the Ripple platform, has experienced a tumultuous ride in recent weeks. The price action of XRP showed that the bears were firmly in control, extinguishing the brief euphoria that followed Ripple’s legal triumph over the United States Securities and Exchange Commission. At the pinnacle of Ripple’s legal victory, XRP surged above the $0.80 mark, a level unseen since April 2022. However, this jubilation was short-lived. The excitement fizzled out as XRP’s value nosedived, erasing its gains and plunging it back into bearish territory. The abrupt reversal raised questions about the sustainability of the crypto’s upward trajectory. Investors, once filled with hope, are now left wondering about the future of this once-promising token. XRP Market Insights Paint A Grim Picture Popular crypto trader Benjamin Cowen pointed out on X that “XRP has retraced the entirety of the move that came after the SEC vs. Ripple case.” This statement underscores the market’s sentiment, suggesting that the legal triumph’s positive impact on XRP’s price was only temporary. As of now, XRP’s price hovers at $0.480443, according to CoinGecko, with a modest 2.0% gain over the past 24 hours. However, a more concerning statistic is the seven-day dip, which stands at nearly 5%. This decline reflects the current bearish sentiment surrounding the digital asset. Since early August, the 1-day chart for XRP has displayed a bearish market trend and a downward movement. Since bulls failed to break through last week’s $0.5 resistance, a revisit of that level could be a good opportunity for short sellers. Selling Pressure Evident A closer look at XRP’s on-chain metrics reveals that the selling pressure has been palpable. The On-Balance Volume (OBV), an indicator that tracks buying and selling volumes, has been in a downtrend alongside the price over the past month. This suggests that sellers have been dominant in the market, while buyers have struggled to exert influence, especially in higher timeframes. This scenario further confirms the bearish grip on XRP. Another metric worth noting is the mean coin age, which measures the average age of coins being transacted on the network. The metric experienced a sharp decline on August 30 and September 1 but has since started to climb higher. While this may indicate network-wide accumulation, it does not guarantee an immediate uptrend. Investors must remain cautious and observant in the face of uncertain market conditions. The recent price action of XRP has cast a shadow on the crypto’s prospects. Despite the initial excitement surrounding Ripple’s legal victory, the bears have reclaimed control, driving XRP’s value downward. With key metrics reflecting selling pressure and uncertainty in the market, XRP’s future remains uncertain, leaving investors to ponder their next moves in this volatile landscape. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from The Change Management Blog