Debuting next Spring, TOKEN2049 Dubai takes place from 18-19 April 2024 The new edition sees the establishment of a biannual conference in Dubai and Singapore, taking place in the world’s most exciting crypto capitals Dubai edition announced as TOKEN2049 Singapore fully sells out amid record-breaking attendee numbers DUBAI, United Arab Emirates–(BUSINESS WIRE)–#token2049—TOKEN2049, the leading global Web3 and crypto conference, announced today its inaugural Dubai edition, which will be taking place from 18-19 April 2024. Held at Madinat Jumeirah, a world-class, luxury five-star resort, TOKEN2049 Dubai is set to welcome entrepreneurs, investors, developers, industry leaders, and global media as it transforms the city into a vibrant hub of innovation and forward momentum. Throughout TOKEN2049 Week, commencing from 15-21 April 2024, attendees will experience a diverse range of side events, workshops, and exclusive networking opportunities. This announcement comes as TOKEN2049 Singapore breaks its ticketing sales records and is now fully sold out, with over 10,000 confirmed attendees from across the globe. Celebrating the launch of TOKEN2049 Dubai, Alex Fiskum, Co-Founder of TOKEN2049 said: “We are very excited to bring TOKEN2049 to Dubai, a city known for its large community, enthusiasm, and innovation in the Web3 space. Following the success of TOKEN2049 Singapore, solidifying our brand as the premier global industry event, we are committed to delivering an exceptional, new experience in Dubai.” As one of the industry’s long-standing conference series, TOKEN2049 has fast cemented its position as a global, iconic gathering with past editions consistently dubbed as the crypto event of the year. Over the years, its appeal has extended beyond the Web3 and crypto ecosystem, pointing to crypto’s transformative potential across a broad range of industries. “The decision to bring the event to Dubai underscores the city’s growing prominence as a global industry hub. The strategic location and forward-thinking approach to technology make Dubai an ideal host for an event like ours” continued Fiskum. TOKEN2049 Singapore will commence from 13-14 September at Singapore’s iconic Marina Bay Sands and is the largest edition of the conference to date. As the center stage for TOKEN2049 Week, this year’s conference sees over 400 side events across the city-state, culminating in the iconic after-party AFTER2049 which takes over the Marina Bay Sands Observation Deck and CÉ LA VI Singapore. For more information on ticketing and updates on TOKEN2049 Dubai, please visit dubai.token2049.com. Alex Fiskum, Co-Founder of TOKEN2049 is available for interview. ABOUT TOKEN2049 TOKEN2049 is a global conference series, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is a global meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry. To date, editions have been held at leading digital asset capitals including Hong Kong, Singapore, and London, with its latest edition taking place in Dubai in April 2024. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommends 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.

Ethereum (ETH) is down 15% in the past 30 days. Vitalik’s “X hack” raises security concerns; stolen funds exceeded $100,000. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has faced intense bearish pressure over the past three months, resulting in a consistent downward trajectory. This decline has pushed Ethereum’s price to its lowest point in five months, with the recent month being particularly harsh, witnessing a 15% drop that brought the price down to $1,533. Also, Ethereum’s number of profitable addresses (7-day MA) hit a 5-month low, standing at $56 million, as reported by Glassnode, a prominent cryptocurrency data aggregator. Moreover, the community was shaken by a recent security breach involving Vitalik Buterin, the co-founder of Ethereum. His X (formerly Twitter) account was hacked, with the attacker posing as a promoter of an NFT collection linked to ConsenSys, and sharing a phishing link in a tweet. The financial implications of this breach were significant, with the hacker reportedly stealing over $100,000 worth of assets. The hacker’s wallet held a balance of nearly $397,138 at the time of discovery, with most stolen assets being ETH. Other tokens, including ATOR, wrapped ETH (wETH), USD Coin (USDC), and Binance Coin (BNB). ETH’s daily trading volume has surged by 95% in the last 24 hours, reaching $9 billion. In a recent whale activity, 21,938 ETH — currently equivalent to $34,777,338 — was transferred from an unknown wallet to Coinbase. How Long Will ETH Bears Reign? An analysis of Ethereum’s recent price movements indicates a prevailing bearish sentiment on the daily chart. The 50-day exponential moving average (EMA) currently stands at $1,714, above the trading price, highlighting the ongoing bearish sentiment. The daily relative strength index (RSI) sits at 34, suggesting that the asset is approaching oversold territory. ETH/USDT Daily Price Chart — MA, RSI (Source: TradingView) This implies that bears are actively selling near the $1,650 mark. However, this narrow-range trading is unlikely to persist for an extended period. If the price continues to drop and remains below $1,600, it would signal that bears have taken control. While there is some minor support at $1,550, a breach of this level could lead the ETH/USDT pair to plummet to $1,368.

Shiba Inu (SHIB) is in a crucial make-or-break moment. Following a market-wide altcoin slump, SHIB’s price action is being shaped by two opposing chart patterns, both of which could have significant implications for the price’s future. A Tale Of Two Patterns For Shiba Inu The 1-week chart for SHIB reveals a tale of two patterns. On one hand, there’s the bullish triple bottom, suggesting a potential end to SHIB’s two-year downtrend. On the other, a descending triangle, which has been in the making for over 13 months, hints at a bearish outcome. In an analysis on August 30, NewsBTC already warned of this scenario. Yesterday, SHIB’s price dipped to a low of $0.00000697 before rebounding slightly to $0.00000722. This places it precariously above the crucial support line of $0.00000715. For SHIB to steer clear of the bearish implications of the descending triangle and to validate the triple bottom, it’s imperative that it maintains a weekly close above this price. The triple bottom, a bullish chart pattern, is characterized by three roughly equivalent lows bouncing off a support level, culminating in a breakout above resistance. This suggests a shift in momentum from sellers to buyers. For SHIB, the criteria for a triple bottom seem to be in place: an existing downward trend precedes the pattern; the three lows are approximately equal, allowing for a horizontal trend line and a decline in volume throughout the pattern suggests weakening bearish momentum. SHIB’s journey through this pattern began in June 2022 with its first low at $0.00000715. After a brief recovery, it hit its second low in December 2021 at $0.00000781. The third and most recent low was recorded in June 2023 at $0.0000060. The Shadow Of The Descending Triangle However, the triple bottom’s bullish narrative is challenged by the descending triangle’s bearish undertones. If SHIB’s price falls below the $0.00000715 support, it could validate the descending triangle, potentially pushing SHIB towards its year-to-date low of $0.000006. A breach of this level might plunge SHIB into uncharted waters, making a new all-time low a grim possibility. Traders often seek additional confirmation of patterns through other technical indicators. The Relative Strength Index (RSI) is one such tool. SHIB’s weekly RSI currently stands at a neutral 39.8 (neutral). However, a recent dip below the 30-mark (indicating oversold conditions) suggests that the recent price drop might have been the last for SHIB. Should the triple bottom be validated, SHIB could witness a significant rally. An immediate target to watch would be the 23.6% Fibonacci retracement level at $0.00002545, translating to a potential surge of approximately 250% from its current price. In conclusion, SHIB’s future hangs in the balance. The coming days and weeks will be crucial in determining whether it embarks on a bullish rally or succumbs to bearish pressures.

In a swift turnaround from yesterday’s dip, Bitcoin (BTC) surged to nearly $26,000 during Asian trading hours on Tuesday. This recovery, which saw the BTC climb from $25,210 to $25,973 in a mere 30 minutes (from 3:00 am to 3:30 am UTC), was not driven by any specific news event. Instead, the dynamics within the Bitcoin futures market played a pivotal role. Why Has The Bitcoin Price Bounced Upwards? Renowned analyst Skew provided a technical perspective on the price movement, referring to it as a “textbook short squeeze.” Delving deeper into Skew’s analysis, he pointed out a clear divergence in the Cumulative Volume Delta (CVD) of perpetual contracts (or “perps”) with the actual price. In trading, a divergence between CVD and price can signal a potential reversal. In this context, while sellers were trying to push the price below $25,000, the CVD indicated that buying pressure was mounting. Furthermore, the futures market had a high number of short positions relative to the open interest (OI), and the funding rate was negative. A negative funding rate typically means that shorts are paying longs, indicating a bearish sentiment. Despite attempts to drive the price down, Bitcoin was reclaiming its swing long price level at $25,300 and failed to maintain the bearish trend in the lower time frame (LTF). The spot market, where assets are bought and sold for immediate delivery, was showing signs of a bullish structure change, with prices gradually moving higher. Skew suggested that the culmination of these factors led to a short squeeze, where those who bet against the market (short sellers) are forced to buy back into the market to cover their positions, further driving up the price. Skew’s analysis essentially highlights that while there was a bearish sentiment with many traders betting against Bitcoin, underlying indicators were hinting at a potential bullish reversal. For traders, the immediate goal post-squeeze is to reclaim $26,000. TheKingfisher offered a more succinct take, hinting at the short squeeze and its impact on those who were betting against Bitcoin: “See you around high lev shorters. BTC Cleared them again.” Axel Adler Jr. shed light on the broader market sentiment, noting, “Traders do not plan to go any lower. Net Taker Volume has risen by 9.79%. Over the past year, this is a new record for the balance of open Taker orders with long positions.” Despite the rapid price movement, the short squeeze’s magnitude was relatively modest. Coinglass data reveals that about $12.32 million in BTC shorts were liquidated. For context, the most significant short liquidation event in the last three months occurred on August 17, amounting to $120 million, when BTC briefly dipped to $24,700 before making a quick recovery above $26,600. The decline in open interest in futures on the major exchanges was also rather small. According to Coinglass, open interest fell from $10.66 billion to $10.65 billion. This slight decline suggests that few traders had to close their bets, with funding rates turning positive, signaling a shift from bearish to bullish sentiment. At press time, BTC stood at $25,768.

Pepe Coin has been on a wild ride in early September, characterized by significant price volatility and a troubling dip in its performance. The price action of PEPE early this month followed a bearish pennant pattern, marked by two converging trendlines. This pattern typically signals indecision in the market, as buyers and sellers wrestle for control. However, the situation took a turn for the worse as the coin broke below its support trendline, increasing the pressure on the supply side. As of the latest data from CoinGecko, the coin is trading at $0.00000067, showing a 3.9% loss in the past 24 hours and a substantial 14.4% decline over the past week. Most notably, PEPE has tumbled out of the coveted crypto top 100 list on CoinGecko. PEPE Selling Pressure Intensifies On September 10, PEPE suffered a bearish breakdown as it breached the support trendline. This development, coupled with a rising supply pressure across the altcoin landscape, resulted in a sharp decline in the value of PEPE. Investors and enthusiasts began to question the coin’s future as it struggled to maintain its position. Adding to the concerns surrounding PEPE, a tweet from Lookonchain on September 11 drew attention to a peculiar event. Several investors opted to sell their PEPE holdings, swapping them for PNDC (Pandacoin). Three wallets collectively sold a staggering 1.38 trillion PEPE tokens for 600 ETH, equivalent to approximately $965,000. In a surprising twist, they reinvested 600 ETH to purchase 487 billion PNDC tokens. On-Chain Metrics Paint A Grim Picture A deeper look at PEPE’s on-chain metrics reinforced the growing unease within the crypto community. Buying pressure on the meme-inspired coin remained high, which, paradoxically, contributed to the bearish sentiment. Notably, PEPE’s supply on exchanges experienced a sharp increase over the past few days, indicating a surge in selling activity. What Lies Ahead For Pepe Coin? This shift occurred simultaneously with a decrease in PEPE’s supply outside of exchanges, further highlighting the rising selling pressure. Moreover, PEPE’s exchange inflow witnessed a noticeable spike, while the total number of holders declined, painting a gloomy picture for the cryptocurrency. PEPE’s early September performance has been nothing short of turbulent. Its journey from a bearish pennant pattern to a breakdown below support has left investors and enthusiasts concerned about its future. The notable wallet activity and on-chain metrics only serve to compound these concerns, leaving the crypto community with more questions than answers about the fate of PEPE in the coming days. (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 Tallahassee Democrat

Binance Charity is conducting a $3 million BNB airdrop to support Moroccan earthquake victims. Approximately 70,000 Binance users in Morocco will benefit from this initiative, which began on September 12, 2023. In the wake of the devastating earthquake that struck Morocco, leaving countless individuals in urgent need of assistance, Binance, the world’s largest cryptocurrency exchange, is stepping up with a generous relief effort. Binance’s philanthropic arm, Binance Charity, has pledged to airdrop up to $3 million in BNB (Binance Coin) directly to Binance users residing in the affected regions. Users who completed Proof of Address (POA) before September 9, 2023, in the affected region will receive $100 in Binance Coin (BNB), valued at $20,957 at the time of this article’s writing. Additionally, those completing POA from September 9 to 30, 2023, will receive $25 in BNB, worth about $5,239. The distribution of funds to eligible users is scheduled to commence on September 12, 2023. Further to this user-focused initiative, Binance Charity has launched a public donation address to facilitate contributions from the global community. All funds received at this address, whether in BNB, BTC, ETH, USDC, USDT, or BUSD, will be channeled toward an authorized NGO, to be named shortly, for the purpose of aiding those in need through the Emergency Earthquake Appeal. At the time of writing, Binance’s native cryptocurrency, BNB, was trading at $208, boasting a 24-hour trading volume of $520 million, marking a significant 67% surge in just one day.

Filecoin (FIL) has been facing a long-term downtrend, marked by wavering buyer confidence and a series of concerning technical indicators. A recent price analysis reveals a bearish order block at $3.6 on FIL’s one-day chart, with a closely tested liquidity zone at $3 over the past month. This downward trend has persisted since early August, as evidenced by a sequence of lower highs and lower lows. On the weekly chart, two key levels have held significant sway over FIL’s fortunes since June 2022. The resistance at $4.8 and the support at $2.42 have acted as formidable barriers and lifelines, respectively. Analysis suggests that a breakthrough above the $4.8 resistance could signify the first step toward establishing a long-term uptrend. Furthermore, the presence of a bearish breaker block in the 1-week timeframe, spanning from $4.6 to $5.7, reinforces this notion. Filecoin Bearish Signals Abound The same analysis highlights that technical indicators have been unforgiving for FIL, with both the On-Balance Volume (OBV) and Relative Strength Index (RSI) painting a grim picture. The OBV has been in a consistent downward trajectory since mid-July, indicative of sustained selling pressure. Meanwhile, the RSI exhibits bearish momentum, recording a reading of 31 and consistently residing below the neutral 50 mark since late July. These combined signals strongly suggest that FIL may experience a drop below $3 and trend towards $2.4 in the weeks ahead. As of the time of writing, the current CoinGecko price for Filecoin (FIL) stands at $3.04. Over the past 24 hours, FIL has experienced a decline of 1.7%, while the seven-day period has seen a slump of 4.3%. These recent declines add to the challenges that FIL has been facing in its price action. Filecon seven-day price movement. Source: Coingecko Investor Perspective: A Silver Lining For Filecoin Despite the prevailing challenges, some seasoned investors are turning their attention to Filecoin. A report cites Filecoin’s unique value proposition, an accomplished team, and an incentivized mechanism as reasons for optimism. Filecoin, as a decentralized data storage system, allows users to securely store and retrieve data in a decentralized manner. Its expert team is committed to ensuring its continued development and success. Moreover, the incentive mechanism rewards users with FIL tokens for sharing their storage space, fostering a robust and self-sustaining ecosystem. Filecoin’s technical indicators may currently signal a challenging road ahead, with a downtrend seemingly in progress. However, some investors remain undeterred, recognizing the project’s unique strengths and the potential for a brighter future. As the cryptocurrency market is ever-volatile, only time will reveal whether Filecoin can overcome its current obstacles and thrive in the long run. (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 CryptoSlam

Bitcoin price broke the key $25,350 support. BTC is now consolidating near $25,000 and remains at a risk of more downsides in the near term. Bitcoin traded below the $25,600 and $25,350 support levels. The price is trading below $25,600 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $25,620 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it stays below the $25,600 resistance. Bitcoin Price Breaks Key Support Bitcoin price failed to start a recovery wave and extended its decline below the $25,600 support. BTC even broke the $25,350 support and moved into a bearish zone. The price even spiked below the $25,000 level. A low is formed near $24,925 and the price is now consolidating losses. Bitcoin is now trading below $25,600 and the 100 hourly Simple moving average. Besides, there is a major bearish trend line forming with resistance near $25,620 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $25,200 level. It is near the 23.6% Fib retracement level of the downward move from the $26,040 swing high to the $24,925 low. The first major resistance is near the $25,600 level or the trend line. The trend line is near the 61.8% Fib retracement level of the downward move from the $26,040 swing high to the $24,925 low. The next key resistance is near $26,000. Source: BTCUSD on TradingView.com A proper close above the $26,000 level might start a decent increase. The next major resistance is near $26,200, above which the bulls could gain strength. In the stated case, the price could test the $26,500 level. More Losses In BTC? If Bitcoin fails to recover the $25,600 resistance, it could continue to move down. Immediate support on the downside is near the $25,000 level. The next major support is near the $24,800 level. A downside break and close below the $24,800 level might call for more downsides. In the stated case, the price could drop toward $24,500 or even $24,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $25,000, followed by $24,800. Major Resistance Levels – $25,200, $25,600, and $26,000.

Ethereum price extended its decline below the $1,550 support against the US Dollar. ETH is recovering losses, but upsides might be capped near $1,620. Ethereum gained bearish momentum below $1,580 and $1,550. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,605 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher but the bears might remain active near $1,600 and $1,620. Ethereum Price Breaks Down Ethereum’s price failed to settle above the $1,620 pivot level. ETH started a fresh decline and settled below the $1,600 level, like Bitcoin. There was a drop below the $1,580 and $1,550 levels. It retested the $1,530 zone. A low has formed near $1,530 and the price is now correcting losses. There was a minor increase above the $1,550 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,670 swing high to the $1,530 low. Ether is now trading below $1,600 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance near $1,605 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,600 level or the 50% Fib retracement level of the downward move from the $1,670 swing high to the $1,530 low. The next resistance is near the $1,605 level or the trend line. Source: ETHUSD on TradingView.com The first major resistance is near $1,620, above which the price could rise toward the $1,650 level. The next major hurdle is near the $1,670 level. A close above the $1,670 level might send Ethereum further higher toward $1,750. Another Drop in ETH? If Ethereum fails to clear the $1,600 resistance, it could start another decline. Initial support on the downside is near the $1,550 level. The first key support is close to $1,530. The next key support is $1,500. A downside break below $1,500 might spark more bearish moves. In the stated case, there could be a drop toward the $1,440 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,530 Major Resistance Level – $1,620

Bitcoin Cash price is holding the key $180 support against the US Dollar. BCH seems to be aiming for a fresh increase toward the $205 and $220 levels. Bitcoin cash price is showing positive signs above the $180 level against the US Dollar. The price is trading below $200 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate higher if it clears $197 and $200. Bitcoin Cash Price Aims Higher In the past few days, Bitcoin Cash price saw a steady decline below $205. BCH even traded below the $195 level, but the downsides were limited compared to Bitcoin and Ethereum. The price remained well-bid near the key $180 support. A low has formed near $180 and the price is now attempting a fresh increase. It broke the $185 level. There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH/USD pair. The price is now testing the 23.6% Fib retracement level of the downward move from the $238 swing high to the $180 low. However, Bitcoin Cash is now trading below $200 and the 100 simple moving average (4 hours). Immediate resistance is near the $197 level and the 100 simple moving average (4 hours). The next major resistance is near $205 or the 50% Fib retracement level of the downward move from the $238 swing high to the $180 low. Source: BCH/USD on TradingView.com Any further gains could lead the price toward the $220 and $225 resistance levels in the near term. The next major hurdle is near the $240 level. Dips Supported in BCH? If Bitcoin Cash price fails to clear the $205 resistance, it could start a fresh decline. Initial support on the downside is near the $185 level. The next major support is near the $180 level, where the bulls are likely to appear. If the price fails to stay above the $180 support, the price could test the $168 support. Any further losses could lead the price toward the $150 zone in the near term. Technical indicators 4-hour MACD – The MACD for BCH/USD is gaining pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI is currently above the 50 level. Key Support Levels – $185 and $180. Key Resistance Levels – $197 and $205.

SAN FRANCISCO–(BUSINESS WIRE)–#accelerator–The Japan External Trade Organization (JETRO) will be sponsoring the Japan Pavilion once again at TechCrunch Disrupt 2023 (September 19-21) in San Francisco, as part of the J-StarX program, which aims to foster entrepreneurship in Japan. This year, JETRO will showcase 10 carefully selected Japanese startups across a variety of industries, including enterprise technology, Web3, generative AI, and more. The Japan Pavilion will be located at the Moscone West Expo Hall, Booth #PV4. JETRO will also host a pitch session featuring all the startups on September 19th from 3:30-4:00 PM at the Pitch Showcase Stage located in the Expo Hall. In preparation for this, JETRO will conduct a bootcamp for participating startups with the support of Silicon Valley accelerator US Market Access Center (USMAC) to help the entrepreneurs hone their networking and English-language pitch abilities. For up-to-date information, please visit: http://www.jetro.go.jp/usa/topics/disrupt2023.html Exhibitor List: 1). bajji, Inc. https://corp-en.bajji.life/ Environmentally friendly NFT that supports CO2 reduction projects 2). Beatrust Inc. https://en.corp.beatrust.com/ Digital platform to facilitate communication and collaboration within a company 3). BoostDraft Inc. http://boostdraft.com/ AI-powered document editor that simplifies the process of reviewing legal documents 4). Final Aim, Inc. https://final-aim.com Web3 startup that uses blockchain to provide design and manufacturing solutions 5). HARTi Inc. https://harti.tokyo IoT device that has reinvented the photo booth for the Web3 era 6). Nostal Homes Inc. https://www.nostalhomes.com/ Online marketplace for buying and selling vacation homes from abroad 7). Qlay Technologies, Inc. http://qlay.ai/en Generative AI tool to support product planning and development of consumer goods 8). Solafune, Inc. https://solafune.com/en Data science competition platform that specializes in satellite and geospatial data 9). Ubiq Co., Ltd. https://ubiq-world.com/?lang=en Created the rewardable donation platform “Charity Mall” 10). yodayoda Inc. http://yodayoda.co Pay-for-street view map generation and sharing platform for automatic driving and other robotic applications For more information or to schedule a meeting with one of the Japanese exhibitors, contact Will Ferguson at [email protected]. For more information on TechCrunch Disrupt 2023, visit their homepage HERE. About JETRO: JETRO is the Japanese government agency responsible for promoting trade and investment between Japan and the rest of the world. JETRO provides support and assistance to American companies entering the Japanese market and to Japanese companies expanding overseas. JETRO was established in 1958 and has more than 70 offices around the world, including six offices in the USA. JETRO provides a wide range of services, including timely market intelligence, extensive business development support, and relevant business events, all designed to encourage business partnerships between American companies and Japan. Contacts Will Ferguson, JETRO San Francisco, [email protected]

Debuting next Spring, TOKEN2049 Dubai takes place from 18-19 April 2024 The new edition sees the establishment of a biannual conference in Dubai and Singapore, taking place in the world’s most exciting crypto capitals Dubai edition announced as TOKEN2049 Singapore fully sells out amid record-breaking attendee numbers DUBAI, United Arab Emirates–(BUSINESS WIRE)–#token2049—TOKEN2049, the leading global Web3 and crypto conference, announced today its inaugural Dubai edition, which will be taking place from 18-19 April 2024. Held at Madinat Jumeirah, a world-class, luxury five-star resort, TOKEN2049 Dubai is set to welcome entrepreneurs, investors, developers, industry leaders, and global media as it transforms the city into a vibrant hub of innovation and forward momentum. Throughout TOKEN2049 Week, commencing from 15-21 April 2024, attendees will experience a diverse range of side events, workshops, and exclusive networking opportunities. This announcement comes as TOKEN2049 Singapore breaks its ticketing sales records and is now fully sold out, with over 10,000 confirmed attendees from across the globe. Celebrating the launch of TOKEN2049 Dubai, Alex Fiskum, Co-Founder of TOKEN2049 said: “We are very excited to bring TOKEN2049 to Dubai, a city known for its large community, enthusiasm, and innovation in the Web3 space. Following the success of TOKEN2049 Singapore, solidifying our brand as the premier global industry event, we are committed to delivering an exceptional, new experience in Dubai.” As one of the industry’s long-standing conference series, TOKEN2049 has fast cemented its position as a global, iconic gathering with past editions consistently dubbed as the crypto event of the year. Over the years, its appeal has extended beyond the Web3 and crypto ecosystem, pointing to crypto’s transformative potential across a broad range of industries. “The decision to bring the event to Dubai underscores the city’s growing prominence as a global industry hub. The strategic location and forward-thinking approach to technology makes Dubai an ideal host for an event like ours” continued Fiskum. TOKEN2049 Singapore will commence from 13-14 September at Singapore’s iconic Marina Bay Sands and is the largest edition of the conference to date. As the centre stage for TOKEN2049 Week, this year’s conference sees over 400 side events across the city-state, culminating in the iconic after-party AFTER2049 which takes over the Marina Bay Sands Observation Deck and CÉ LA VI Singapore. For more information on ticketing and updates on TOKEN2049 Dubai, please visit dubai.token2049.com. Alex Fiskum, Co-Founder of TOKEN2049 is available for interview. ABOUT TOKEN2049 TOKEN2049 is a global conference series, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is a global meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry. To date, editions have been held at leading digital asset capitals including Hong Kong, Singapore, and London, with its latest edition taking place in Dubai in April 2024. Contacts [email protected]

The Grayscale Bitcoin Trust (GBTC) share price has again made headlines. Its premium or discount to Bitcoin’s net asset value (NAV), often viewed as an indicator of institutional sentiment towards the cryptocurrency, has displayed a notable trend recently, even amid the prevailing bearish atmosphere. GBTC’s Evolving Price Dynamics The phenomenon of GBTC’s share price inching closer to Bitcoin’s market price is worth noting. The correlation between the two has been historically significant, with price differences often shedding light on broader market sentiments. According to data from CoinGlass, a renowned crypto monitoring platform, the GBTC shares were recorded trading at a 17.17% discount to the BTC/USD rate as of September 9th, the last update. Such levels haven’t been witnessed since December 2021, highlighting a potentially shifting sentiment in the market. The so-called “GBTC Premium,” previously a surplus, has been a discount to the net asset value for a while now. The shift was drastic at one juncture that the differences neared roughly 50% last November. Such variance has led to a divergence between GBTC’s performance and Bitcoin’s price strength, especially as Bitcoin revisits price zones it hasn’t seen in the past six months. What This Could Mean For Bitcoin The narrowing of GBTC’s discount isn’t just an isolated event. It paints a broader picture of potential market sentiment shifts and future movements. Notably, a shrinking discount can be interpreted as a sign of growing institutional interest, as the GBTC serves as a prominent avenue for institutions to gain exposure to Bitcoin without directly holding the asset. If institutional interest is indeed on the rise, this could bode well for Bitcoin’s mid to long-term price outlook. Nevertheless, Bitcoin is currently seeing a downtrend. The asset has plunged nearly 15% in the past month and 2% in the last 24 hours. As a result, its price has fallen below the recently established $26,000 mark, trading at $25,175 at the time of writing. According to Cryptocon, a trader and analyst, Bitcoin might see a weaker performance this month as October often brings a turnaround and more decisive price action. This perspective aligns with a prevalent crypto community theory that marks November 28th as a quadrennial “bull run launch” for Bitcoin. Featured image from iStock, Chart from TradingView

The team filed a second motion for pre-trial release on September 8. The legal team for SBF said that their client has not received the promised internet access. Lawyers for FTX ex-CEO Sam Bankman Fried (SBF) have asked for him to be released from federal prison before his trial because of a lack of reliable internet access there. The defense team for SBF claimed that a slow internet connection prevented them from properly preparing their case. The legal team stated: Motion Sent to Judge Panel After an appellate judge dismissed SBF’s plea for immediate release from prison on September 6, the team filed a second motion for pre-trial release on September 8. The motion was sent to the subsequent three-judge panel by the judge. The legal team for SBF said that their client has not received the promised laptop access from the government between the hours of 8 a.m. and 7 p.m., Monday through Friday. The attorneys also mentioned other occasions when SBF’s use of a laptop to access the internet was interrupted due to prison proceedings. On September 1st, SBF lost four hours of work time when he was summoned back to his cell at 2:30 p.m. for a headcount. On September 6, he was held in his cell until 11 a.m. before being released. SBF was only able to access the discovery database and study one document due to the bad internet connection. Highlighted Crypto News Today: Shiba Inu Price Faces Significant Decline Despite Burn Rate Surge

A Responsible Influence Certificate has been established but is voluntary. A minimum of 75% accurate answers on 25 multiple-choice questions is required. France is moving toward outright licensing so-called “finfluencers,” who advocate financial goods on their websites. A Responsible Influence Certificate has been established but is voluntary. The French financial markets regulator, the Autorité des Marchés Financiers, and the professional advertising authority, the Autorité de Régulation Professionnelle de la Publicité (ARPP), have collaborated to create a training module for industry influencers, as reported on September 7. Cryptocurrencies Included The ARPP first presented the “Responsible Influence Certificate” in 2021. There are over a thousand influential French people that have it. This new credential will include a course tailored to financial influencers, covering everything from wine to stocks, bonds, ETFs, mutual funds, and derivatives. The statement also makes reference to crypto assets. A minimum of 75% accurate answers on 25 multiple-choice questions is required to get the Responsible Influence Certificate in Financial Advertising. Although the certificate is not a legally binding document, the ARPP might revoke it from noncompliant influencers. In addition, the ARPP’s “General Certificate,” designed for all influencers, must be obtained before one may pursue the Responsible Influence Certificate. In May 2023, the French Senate passed a law that legalized the use of social media influencers by cryptocurrency enterprises. However, authorities in the United Kingdom have issued a warning to influencers that such advertisements may constitute a crime. Along with a maximum sentence of two years in prison and a heavy fine. Furthermore, the European Consumer Organization has pushed for a blanket ban on crypto influencer marketing. Highlighted Crypto News Today: Bitcoin Price Breaks Below Key Support Level Amid Bear Dominance

Bitcoin, the world’s most valuable cryptocurrency, is free-falling, looking at price action on September 11. From the daily chart, BTC is trading at $25,135, a marginal improvement after dropping to H2 2023 lows of $24,951 minutes earlier following an unexpected dump in the early trading hours of the New York trading session. The Bitcoin Sell-Off Takes Form The crash on September 11 saw the coin drop below the consolidation of the past few trading days with the bearish breakdown, looking at price action, canceling bulls of August 31, and setting an increased selling pressure on August 17. The September 11 sell-off has seen a wide-ranging bear candlestick form. Even though it continues to print, it has relatively high trading volume, indicating high participation levels. Since the bar has above-average volumes, BTC will likely edge lower in the direction defined by the conspicuous bear bar of August 17, when the coin fell 12%, forcing BTC to trend below the $28,700 support level. Looking at price action, Bitcoin bears are in control and are actively reversing gains posted between June and July 2023. Then, Bitcoin prices rose from around the $20,000 level to as high as $31,800 by the end of July 2023. Afterward, the coin peaked and began falling as talks of a spot Bitcoin Exchange-Traded Fund (ETF) faded following the Securities and Exchange Commission’s (SEC) decision to put off their decision. At spot rates, Bitcoin is down 20% from July 2023 lows but trading at critical Fibonacci retracement levels of the June to July 2023 resistance levels. Even though BTC and crypto prices tend to post deep retracements, the coin may find support at around $25,000. However, further losses from spot rates in continuation of the August 17 bear bar may see sellers press on rewind gains and force BTC towards June 2023 lows at around $20,000. The Death Cross On The Bitcoin Chart Based on technical candlestick arrangements, one analyst notes that the coin closed below the $25,600 mark after the close of last week’s bar. With this dip, the Ichimoku Cloud indicator has printed a “Death Cross.” Technical analysts note that Bitcoin prices tend to dump when this pattern forms before eventually rebounding over several weeks. Previous instances of the “Death Cross” occurred in June 2021 and January 2022, which saw BTC drop 19% and 23%, respectively. Based on this, if a “Death Cross” prints, BTC may dump by 21%, forcing the coin back to the $20,000 level or June 2023 lows. Before then, BTC has to breach strong support levels at $25,600, $24,000, and $23,200 before retesting the $20,300 zone.

One coin that analysts seem to still be bullish on is Cardano’s native token ADA. However, despite all of the faith that remains in the digital asset, the price continues to tank and has fallen below multiple important support levels. Analyst Goes Deep On Cardano In an interview hosted by Altcoin Daily, crypto analyst Hashoshi shares very bullish views on the Cardano network. He starts out by explaining that the design decisions being made by the Cardano network have been some of the better ones in the space. Going further, Hashoshi lauds the development rate of protocols on the blockchain as projects continue to build. “Cardano’s done things almost completely different from the start,” the analyst said. “They’re in a good position right now, despite what people might believe, to make a resurgence if the conditions are correct,” he further added. For the price of ADA, the analyst explains that with liquidity coming back into the crypto space, the price of the digital asset could reach above its previous all-time high of $3.10. “The community is still strong… and I think then you see them outstrip that previous all-time high.” Hashoshi is not the only analyst bullish on the price of ADA going forward. Another analyst Kara Szabo has predicted that the price of the digital asset could climb to $5. Szabo also bought $20,000 worth of ADA at the start of September, signaling the analyst’s conviction on the altcoin’s bullish performance going forward. “My conservative price estimate for the next bull run is $5,” Szabo said on X. “I know some people will think this is low, but this is a 20x from the current price!! For a large market cap alt, this very well may be one of the best plays in crypto at the current price point.” But Why Is ADA Price Falling? Despite the bullish sentiment that has enveloped the digital asset, the ADA price has continued to struggle in the market. The reason for this decline can be attributed to a significant amount of ADA being unstaked from smart contracts, causing the total staked ADA to slide downward. Data from DeFi tracker DeFiLlama shows that the total tokens staked on the Cardano network dropped from above 777 million on September 2 to 733 million on September 11. This meant that over 43 million ADA were unstaked and likely made their way to the open market as these holders sold their stash. Such a large amount being dumped into the market in a period of low liquidity could see the altcoin continue to drop, especially if more ADA is unstaked to be sold in the open market. However, ADA’s long-term outlook remains bullish as the Cardano network remains one of the networks with the most developments taking place. As developers flock to the network, investors are expected to follow. At the time of writing, ADA is struggling at $0.24, down 2.33% in the last day and 5.10% in the last week.

Bitcoin dipped 14% in the past 30 days. BTC price declined all the way till $$25,060, breaking the key support level of $25,510. In the ever-volatile world of cryptocurrency, Bitcoin, the largest market capitalization holder, has found itself facing relentless bearish pressure, sending shockwaves throughout the market. BTC price declined all the way till $$25,060, breaking the key support level of $25,510. This has resulted in a 14% decline over the past 30 days. Adding to the uncertainty, Bitcoin made headlines with news of a user paying a staggering transaction fee of 19 Bitcoin (BTC), equivalent to $509,563. This came to light through Whale Alert, an analytics provider that tracks large cryptocurrency transactions. This fee is way higher than the average transaction cost and has led to rampant speculation regarding the circumstances. The impending Bitcoin halving and the long-awaited SEC approval of Bitcoin ETFs hold the promise of reshaping the cryptocurrency landscape. On the other hand, traders and investors draw parallels with Bitcoin’s historical dips in 2015-16 and 2019-20, during which the cryptocurrency orchestrated impressive comebacks. Meanwhile, data from IntoTheBlock, a crypto data analytics platform, reveals that 69% of Bitcoin are held for over a year, while 25% is held for 1-12 months, and the remaining 7% is held for one month. Where is Bitcoin Heading? A close examination of Bitcoin’s recent price movements reveals an underlying bearish trend on the daily chart. The 50-day exponential moving average (EMA) currently stands at $27,232, underscoring the prevailing bearish sentiment. The daily relative strength index (RSI) at 36 suggests that Bitcoin is edging into oversold territory. Source: CoinMarketCap Buyers now find themselves at a crucial juncture, needing to propel and sustain Bitcoin’s price above $26,833 to initiate a relief rally towards the 50-day simple moving average (SMA) at $28,048. Such a move could signal that Bitcoin might remain within the broad range of $24,800 to $31,000. The price recently broke the key support level of $25,510 and is currently trading at $25,174. Moreover, the bears are eyeing a breach of the support zone between $24,800 to $24,000. Should they succeed, the selling pressure could intensify, potentially driving the BTC price down to $20,000.

HAMILTON, Bermuda–(BUSINESS WIRE)–The Bermuda Business Development Agency (BDA) is pleased to announce that BermudAir is the official airline partner of the Bermuda Tech Summit 2023. As a result, BermudAir will provide special delegate pricing for those who book with them to attend the conference. Adam Scott, BermudAir Founder and CEO said, “BermudAir is delighted to support the Bermuda Tech Summit 2023. The value that this event brings in terms of key learning and thought leadership for business innovation is immense. Innovation is also central to our own business, so we look forward to discovering the latest technological trends applicable to our partners in this market. We’re very happy to help industry leaders and innovators come together in our global business hub here in Bermuda for this important event.” David Hart, CEO, BDA said “It has been a privilege to work with the team at BermudAir along their exciting journey to launch a new airline from Bermuda and we could not be more pleased to have them as our official airline partner for our fifth annual Bermuda Tech Summit. We strongly encourage all delegates travelling from the US east coast to take advantage of these great rates and enjoy a truly Bermudian experience both in transit to and upon arrival in, our beautiful island home.” Delegates will receive the discount information directly from the BDA. The BDA is also pleased to announce a one-time, final extension to our hotel room special rate through to September 15. From September 16, hotel room rates will increase significantly, or may be completely sold out, due to limited availability. Delegates travelling from overseas are strongly encouraged to book their hotel rooms now with our special rates. The Bermuda Tech Summit, held from October 8-10 at the Hamilton Princess & Beach Club, is the signature event of Bermuda Tech Week, being held across multiple locations from October 7-13. The 2023 Bermuda Tech Summit will kick off on October 9, with a keynote conversation between The Hon. E. David Burt, JP, MP, Premier of Bermuda, and Sandra Ro, CEO, Global Blockchain Business Council. This year’s agenda highlights Bermuda’s world-leading digital asset framework, showcases our ongoing work to establish blue and green investment facilities, and raises awareness of Bermuda’s innovation sandbox and option to beta test CleanTech solutions. Panels will include: ‘The Transformative Power of Artificial Intelligence,’ ‘FinTech’s New Wave (Buy, Build or Modernise),’ and ‘Insuring Continuity – Safeguarding the Future of Digital Assets.’ Additional topics will include data privacy, carbon credit trading platforms, and pioneering digital assets. The BDA’s promotion of these activities aligns with the ‘Business Attraction and Investment Promotion’ strategic priority outlined in Bermuda’s Economic Development Strategy. In addition to cutting-edge content, we are pleased to offer delegates C-suite networking opportunities during our opening reception on Sunday night sponsored by BermudAir and wrap party Tuesday night sponsored by RELM. Click here to register. Click here to see the full agenda and event description. “The BDA simply could not put on our signature events without the generous support of our sponsors,” Mr. Hart said. “We are just so pleased to have Carey Olsen and RELM as diamond sponsors; Appleby, CCS Group Limited and XBTO as platinum sponsors; Hub Culture, KPMG, and One Communications as gold sponsors; Chainproof, Clarien, Paradise Mobile, and Walkers as silver sponsors; and Coinbase as supporting sponsor. Our airline partner is BermudAir, and our spirits partner is Gosling’s.” If you are interested in sponsoring the Bermuda Tech Summit, click here or email [email protected]. CONNECTING BUSINESS The BDA encourages direct investment and helps companies start up, re-locate, or expand their operations in our premier jurisdiction. An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions. Contacts Stuart Roberts, Director of Marketing & Communications [email protected] | +1 441 292 7774

In a recent Monday court filing, it was disclosed that the estate of bankrupt crypto exchange FTX has amassed approximately $7 billion in assets (3.4B in crypto), including $1.16 billion worth of Solana (SOL) tokens and $560 million in Bitcoin (BTC). The news sent shockwaves through the cryptocurrency market, with SOL and BTC experiencing negative price movements. SOL And BTC Experience Declines As FTX Prepares For Liquidation Solana (SOL), trading around the $20 level on Sunday, witnessed a significant decline in response to the news. Its price plummeted to its current level of $17.83. Bitcoin (BTC) also retraced by over 2.7% in the past hours, reaching as low as $24,9000. In addition to SOL and BTC, the court filing revealed other significant holdings of the FTX estate. These include Ethereum (ETH), valued at $192 million, Aptos (APT) at $137 million, Tether’s stablecoin (USDT) at $120 million, and XRP at $119 million, among others such as wrapped Bitcoin (WBTC) and wrapped Ethereum (WETH), Bit (BIT), and Stargate Finance (STG). The court filing further highlighted that the FTX estate had secured cash throughout the Chapter 11 process, employing a post-petition cash management system. The Debtors “successfully” navigated the Q1 2023 financial banking turmoil and obtained fiat from more than 30 banking institutions worldwide. Cash has been consolidated and safeguarded within a Master account, with unrestricted cash increasing primarily through venture investment monetization and stablecoin conversions. This Wednesday, the FTX estate is expected to seek approval to liquidate approximately $3.4 billion of cryptocurrencies. This step marks a significant milestone in the bankruptcy proceedings. Options For Relaunch? On September 11, Fortune Magazine reported that the FTX estate had approached over 75 potential bidders, evaluating the possibility of relaunching the bankrupt crypto exchange. The stakeholders were given a deadline of September 24 to submit their proposals for “FTX 2.0.” The process considers various potential structures, including acquisition, merger, recapitalization, or other transactions to relaunch FTX.com and/or FTX US exchanges. While the specific identities of the bidders remain undisclosed, blockchain technology company Figure and venture capital firm Tribe Capital have been previously mentioned as potential suitors for the relaunch. The exploration of FTX’s relaunch represents a key development in the effort to sell off, rebrand, or restart the exchange, which has been at the center of a high-profile white-collar criminal case. FTX’s native token, FTT, has experienced positive price movement on news of the potential launch of FTX 2.0. On Monday, it traded nearly 17% higher than at the beginning of the year, reflecting market optimism surrounding the prospect of a relaunch. As the bankruptcy proceedings unfold and the FTX estate moves towards liquidation, the crypto industry will closely monitor the impact on the market and the resolution of outstanding debts. The search for bidders to revive the exchange introduces an additional layer of complexity to this evolving situation, with potential implications for the future of FTX and its stakeholders. Overall, the bankruptcy of the failed crypto exchange has revealed substantial asset holdings of $7 billion, including significant amounts of Solana (SOL) and Bitcoin (BTC). The subsequent market reactions and the quest for bidders to relaunch the exchange have brought further uncertainty to the crypto landscape. The outcome of the bankruptcy proceedings and the relaunch efforts will shape the future trajectory of FTX and its position within the industry. Featured image from iStock, charts from TradingView.com