Ommniverse.ai is set to reshape the landscape of the NFT sector with the launch of its groundbreaking NFT and FNFT marketplace this September. As digital collectibles and financial assets gain momentum, Ommniverse.ai’s platform promises an innovative twist to the burgeoning industry. NFTs, or Non-Fungible Tokens, represent unique digital assets on the blockchain, and FNFTs(Financial Non-Fungible Tokens) are emerging as the next evolution, amalgamating the best of NFTs and financial instruments. Ommniverse.ai is at the forefront of this wave, positioning itself as a pivotal player in the sector What sets Ommniverse.ai apart is its deployment on the Polygon blockchain, renowned for its scalability and efficiency. Additionally, the Omniverse token has recently been listed on Bitmart, a popular cryptocurrency exchange, making it more accessible to a global audience. As of now, the Omniverse token trades at an impressive $2.31 A noteworthy milestone for Ommniverse.ai is its recent achievement of the Certik Gold certification. This certification is a testament to the platform’s commitment to security, transparency, and excellence, assuring users of its robustness and reliability. In a statement, a spokesperson for Ommniverse.ai said, “Our aim is to redefine how users perceive and engage with NFTs. Our platform is not just another marketplace; it’s a hub of innovation, and the launch this September will unveil features that the NFT world hasn’t seen before. The future looks promising for Ommniverse.ai, and its potential impact on the NFT industry is anticipated with much excitement. For further details, please visit Ommniverse.ai or contact their media relations team. About Ommniverse.ai: Ommniverse.ai is a cutting-edge platform specializing in the NFT andFNFT sectors. Deployed on the Polygon blockchain, the platform aims to redefine the boundaries of digital collectibles and assets, making them more accessible, secure, and innovative for all 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.

Bullish CRO price prediction for 2023 is $0.06992 to $0.10035. Cronos (CRO) price might reach $0.5 soon. Bearish (CRO) price prediction for 2023 is $0.03732. In this Cronos (CRO) price prediction 2023, 2024-2030, we will analyze the price patterns of CRO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Cronos (CRO) Current Market Status What is Cronos (CRO)? Cronos (CRO) 24H Technicals CRONOS (CRO) PRICE PREDICTION 2023 Cronos (CRO) Support and Resistance Levels Cronos (CRO) Price Prediction 2023 — RVOL, MA, and RSI Cronos (CRO) Price Prediction 2023 — ADX, RVI Comparison of CRO with BTC, ETH CRONOS (CRO) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Cronos (CRO) Current Market Status Current Price $0.05154 24 – Hour Price Change 3.03% Up 24 – Hour Trading Volume $10,057,340 Market Cap $1,302,903,384 Circulating Supply 25,263,013,692 CRO All – Time High $0.9698 (On Nov 24, 2021)) All – Time Low $0.01149 (On Dec 17, 2018) CRO Current Market Status (Source: CoinMarketCap) What is Cronos (CRO) TICKER CRO BLOCKCHAIN Cronos CATEGORY Ethereum Virtual Machine LAUNCHED ON November 2021 UTILITIES Governance, security, gas fees & rewards Cronos (CRO) is the native cryptocurrency of Cronos, the native blockchain of the Crypto.com exchange. Cronos is an open-source EVM-compatible blockchain built on Cosmos SDK. It utilizes the proof-of-stake (PoS) consensus. Cronos blockchain supports the bridging of dApps and smart contracts of Ethereum and other blockchains to the Cosmos ecosystem via its inter-blockchain communication (IBC) protocols. Crypto.org, formerly known as the Monaco technology firm, deployed the Monaco Coin (MCO) as the utility token. In 2018, the network launched the Cronos (CRO). CRO is primarily used as the utility token within the Crypto.com exchange. Users use these tokens in staking, governance, and in-exchange services. Cronos (CRO) existed formerly as the Crypto.com Coin (CRO). Later in February 2021, the token was renamed Cronos (CRO). Cronos 24H Technicals (Source: TradingView) Cronos (CRO) Price Prediction 2023 Cronos (CRO) ranks 35th on CoinMarketCap in terms of its market capitalization. The overview of the Cronos price prediction for 2023 is explained below with a daily time frame. CRO/USDT Falling Wedge Pattern (Source: TradingView) In the above chart, Cronos (CRO) laid out a falling wedge pattern. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges. The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action. At the time of analysis, the price of Cronos (CRO) was recorded at $0.05154. If the pattern trend continues, then the price of CRO might reach the resistance levels of 0.05543, 0.06167, and 0.07423. If the trend reverses, then the price of CRO may fall to the support of 0.04974. Cronos (CRO) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Cronos (CRO) in 2023. CRO/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Cronos (CRO) for 2023. Resistance Level 1 0.06992 Resistance Level 2 0.10035 Support Level 1 0.04994 Support Level 2 0.03732 CRO Resistance & Support Levels Cronos (CRO) 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 Cronos (CRO) are shown in the chart below. CRO/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Cronos (CRO) 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 = 0.05508Price = 0.05171 (50MA > Price) Bearish(Downtrend) Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 44.83 <30 = Oversold 50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume Cronos (CRO) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Cronos (CRO) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). CRO/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Cronos (CRO). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 19.20071 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 44.54 <50 = Low >50 = High Low Volatility Comparison of CRO with BTC, ETH Let us now compare the price movements of Cronos (CRO) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs CRO Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of CRO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of CRO also increases or decreases respectively. Cronos (CRO) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Cronos (CRO) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Cronos (CRO) Price Prediction 2024 $0.6 $0.04 Cronos (CRO) Price Prediction 2025 $0.7 $0.05 Cronos (CRO) Price Prediction 2026 $0.8 $0.06 Cronos (CRO) Price Prediction 2027 $0.9 $0.09 Cronos (CRO) Price Prediction 2028 $1 $0.1 Cronos (CRO) Price Prediction 2029 $1.3 $0.16 Cronos (CRO) Price Prediction 2030 $1.5 $0.2 Conclusion If Cronos (CRO) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Cronos (CRO) price prediction for 2023 is $0.10035. Comparatively, if unfavorable sentiment is triggered, the bearish Cronos (CRO) price prediction for 2023 is $0.03732. If the market momentum and investors’ sentiment positively elevate, then Cronos (CRO) might hit $0.5. Furthermore, with future upgrades and advancements in the Cronos ecosystem, CRO might surpass its current all-time high (ATH) of $0.9698 and mark its new ATH. FAQ 1. What is Cronos (CRO) ? Cronos (CRO) is the utility token of Cronos, the native blockchain of the crypto exchange, Crypto.com. CRO was initially launched as an ERC-20 token and later migrated to Cronos in November 2021. 2. Where can you buy a Cronos (CRO)? Traders can trade Cronos (CRO) on the following cryptocurrency exchanges such as OKX, Coinbase Exchange, KuCoin,Gate.io and Bittrex 3. Will Cronos (CRO) record a new ATH soon? With the ongoing developments and upgrades within the Cronos platform, Cronos (CRO) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Cronos (CRO)? Cronos (CRO) hit its current all-time high (ATH) of $0.9698 on Nov 24, 2021. 5. What is the lowest price of Cronos (CRO)? According to CoinMarketCap, CRO hit its all-time low (ATL) of $0.01149 on Dec 17, 2018. 6. Will Cronos (CRO) hit $0.5? If Cronos (CRO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.5 soon. 7. What will be the Cronos (CRO) price by 2024? Cronos (CRO) price might reach $0.6 by 2024. 8. What will be the Cronos (CRO) price by 2025? Cronos (CRO) price might reach $0.7 by 2025. 9. What will be the Cronos (CRO) price by 2026? Cronos (CRO) price might reach $0.8 by 2026. 10. What will be the Cronos (CRO) price by 2027? Cronos (CRO) price might reach $0.9 by 2027. Top Crypto Predictions Aave (AAVE) Price Prediction 2023, 2024, 2025-2030 Bone Shibaswap (BONE) Price Prediction 2023, 2024, 2025-2030 Polygon (MATIC) 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.

Chainlink (LINK) has managed to break through the critical resistance level at $6. This unexpected surge in price can be attributed, in part, to the relentless accumulation of LINK tokens by large wallet investors, known as sharks. The trend among these influential players has been particularly pronounced, and it could hold the key to Chainlink’s bullish resurgence. On-chain date cited in a report has provided valuable insights into this remarkable shift in Chainlink’s fortunes. According to their data, the shark tier of investors has swiftly acquired a staggering $9.6 million worth of LINK tokens within just three days. This surge in demand from these heavyweights is expected to act as a significant catalyst for further upward movement in LINK’s price. Emergence Of New Shark Wallets: A Bullish Sign For Chainlink? Recent data also reveals that 98 new shark wallets have emerged within the Chainlink ecosystem since the start of the week, marking a 3.2% increase. As of Thursday, a total of 3,127 shark wallets were holding between 10,000 and 100,000 LINK tokens. This demonstrates a growing appetite among larger investors for Chainlink, further fueling the cryptocurrency’s recent rally. The current LINK price, as per CoinGecko, stands at $6.34, with a slight 0.7% decline in the past 24 hours. However, over the last seven days, LINK has seen a notable 6.4% rally, defying the broader bearish sentiment that has gripped the altcoin market. The accumulation of Chainlink tokens by shark investors has historically served as a powerful indicator for predicting LINK’s price movements. Previous instances have shown that when these influential players increase their holdings, it often precedes a substantial uptick in the token’s value. As such, the ongoing accumulation by sharks is a metric worth closely monitoring to gauge the future trajectory of Chainlink’s price. Potential For LINK To Break Out Against Bitcoin Prominent crypto trader Michaël van de Poppe, sharing his insights on the social media platform X, suggests that Chainlink might be on the brink of a breakout against Bitcoin (BTC). While Chainlink has recently revisited the lower end of its trading range, fluctuating between $7.27 and $5.50, LINK could signal an upward trend if it establishes a higher low price against Bitcoin on the weekly timeframe. Chainlink’s remarkable resilience and ascent above the $6 resistance level, even amidst a broader bearish altcoin market, can be attributed to the strategic accumulation of LINK tokens by large wallet investors. As new shark wallets continue to emerge, and with LINK showing signs of a potential breakout against Bitcoin, the cryptocurrency’s future prospects appear increasingly promising. Investors and traders alike will be watching closely to see if Chainlink can maintain this upward momentum in the face of ongoing market challenges. (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 Daily Hodl

Solana (SOL) price surged over 4.2% and reached $20.21 in the last 24 hours. Solana’s recent surge was driven by key partnerships with Shopify, Maker, and Visa. The popular altcoin Solana (SOL) stole the spotlight, revealing strength and promise in a constantly evolving crypto market. While Bitcoin (BTC) made headlines by surging past the $26,000 mark, Solana emerged as the top gainer, experiencing a 24-hour leap of nearly 4.2%, rising from $19.38 to $20.21. In recent weeks, the Solana ecosystem has seen a string of positive developments, captivating the attention of both investors and industry giants alike. One of the most significant announcements came from Shopify, which unveiled plans to integrate with Solana Pay. This strategic move will enable “millions of entrepreneurs and merchants” to access no-fee, Web3-native payments. Maker, a prominent player in the decentralized finance (DeFi) space, has also set its sights on Solana. They are exploring the possibility of building a new DeFi lending protocol on an appchain using Solana’s Solana Virtual Machine (SVM). Most recently, global credit card giant Visa announced its capability to settle transactions in USDC, a popular U.S. dollar stablecoin, on the Solana blockchain. This development has had a significant impact on SOL’s price, propelling it into the $21 range and drawing more attention to the platform. Further, Solana has become the most loved altcoin among investors in recent times. An impressive $700,000 was invested in SOL through various cryptocurrency investment providers in just the last week alone. This surge in investment activity highlights the growing confidence in Solana’s potential. Solana (SOL) 24-H Price Analysis Despite the positive news, current price data suggests some challenges for Solana. A daily price analysis indicated that the $20.00 support zone was expected to see increased demand, but the response from Solana bulls has been apathetic compared to the bears, resulting in a trading range between $20 and $19. At the time of writing, Solana is trading at $19.90 with a market cap of $8.15 billion. Securing its place as the 9th largest cryptocurrency according to CoinMarketCap. Solana (SOL) Price Chart (Source: TradingView) Additionally, SOL’s price is currently below the 50 and 200 Moving Average (MA) crosses, indicating potential bearish sentiment. However, it’s worth noting that Solana’s Relative Strength Index (RSI) stands at 42.28, nearing the neutral zone. This suggests that the market sentiment around Solana is in a state of flux.

Ethereum faces a bearish trend, witnessing a decline of 10% in 30 days. The daily RSI at 40 suggests ETH’s stance in the oversold territory. In the current bearish climate within the crypto world, Ethereum, the second-largest cryptocurrency, has undeniably felt the impact. Over the past 30 days, ETH has experienced a significant 10% decline, and in the last 7 days, it continued to slide with a 5% decrease. Despite a brief surge at the end of August, driven by anticipation surrounding ETF approval following GBTC’s victory over the SEC, which propelled the price from $1,639 to $1,742, within just two days, it dropped to $1,634. Since then it has struggled to surpass the $1,670 range. Currently, ETH is trading at $1,650, fluctuating between $1,623 and $1,657. The recent news of the SEC’s decision to delay ETF approval until 2024 has weighed heavily on Ethereum’s prospects. Amidst that, a day ago, the prominent investment management firm Ark Invest filed for first spot US Ether ETF. And the community is highly speculating about whether or not the asset management giant BlackRock will spot Ether ETFs next. Adding to it, K33 senior analyst Vetle Lunde and Vice President Anders Helseth stated an ETF approval could be a game-changer, attracting substantial capital inflows and increasing buying pressure for Bitcoin and Ethereum. Conversely, they suggest that a potential rejection of a spot ETF would have minimal consequences, with Bitcoin prices likely to maintain their current status quo. On the other hand, on-chain data indicates interesting trends among Ethereum whales. The cumulative count of this particular group of whale investors increased from 1,075 to 1,088 between September 3rd and 4th, with a collective purchase of approximately 260,000 ETH worth nearly $425 million during that period. However, there has been a recent decline in the count of much larger ETH whales. Data from crypto analytics platform Santiment reveals a 2% drop in the count of ETH whales holding between 100,000 to 1,000,000 coins in the past three days. How long until ETH Bulls Take Over? An analysis of Ethereum’s recent price movements reveals a prevailing bearish trend on the daily chart. The 50-day exponential moving average (EMA) currently sits at $1,734, indicating the ongoing bearish sentiment. The daily relative strength index (RSI) stands at 41, suggesting that the asset is approaching oversold territory. Meanwhile, the trading volume of ETH is down 5% in last 24H, reaching $5 billion. ETH/USD Daily Price Chart — MA, RSI (Source: TradingView) This suggests that the bears are capitalizing on rallies near $1,650, and this narrow-range trading may not persist for long. If the price continues to decline below $1,600, it could signify the bears taking control, with minor support at $1,550, and a potential further drop to $1,368. On the upside, the bears are expected to fiercely defend the zone between $1,650. If buyers manage to overcome this barrier, there is potential for the pair to surge toward the 50-day SMA at $1,772. Will ETH Break its Bearish Pressure? Share your thoughts by tweeting us at @The_NewsCrypto

London, United Kingdom, September 8th, 2023, Chainwire One Trading, the crypto asset exchange formerly operating under the Bitpanda Pro brand, today announced its new product, Instant Trade. Having recently raised €30M and fully separated from Bitpanda, Instant Trade is another step forward for One Trading as it diversifies its offering and establishes its footprint as a household name providing crypto assets to both retail and institutional investors in Europe. With backers including the likes of Peter Thiel’s Valar Ventures, MiddleGame Ventures, Speedinvest, Keyrock and Wintermute Ventures, One Trading is drawing a lot of attention. Led by TradFi heavyweight and ex-JP Morgan exec Josh Barraclough, One Trading aims to address the lack of regulated venues in Europe by offering more sophisticated crypto products, including derivatives and spot trading, to both institutions and retail customers. With many traditional finance players lacking experience in the crypto market, there is a significant gap in providing long-term product confidence and success. The latest product being launched is Instant Trade. Josh had the following to say about Instant Trade: “We’re really excited to be unraveling our latest product, Instant Trade, which brings our OTC product, typically reserved for institutional clients, to all customer types. Our customers can now trade 100+ pairs between crypto-assets and fiat seamlessly with great fiat on and off ramps at the click of a button, and commission-free trading. Most brokers charge a dealing fee when customers buy or sell assets, however, Instant Trade will have 0% commission, meaning there is no additional dealing fee charged on Instant Trade aside from the market spread applied. We’ve built up a deep pool of liquidity with a range of partners over the years, which everyone can access without having to trade hundreds of millions a day or hold ecosystem tokens. We have a simplified, really easy to use UI and customers can even trade up to ten million euros in one trade. We’ll also be regularly adding new assets and our customers can rest assured that with our VASP license, we are a safe, secure, and regulated service, for anyone that isn’t a customer, you can test out Instant Trade on our website and compare our prices. We’re really excited to hear feedback from our customers so do let us know what you think via our socials and community channels. We will also be releasing an article on the One Trading blog page specifically about Instant Trade, so keep an eye out for that on the website.” “We want to make crypto trading safe and accessible for all and bridge the gap to provide an institutional-grade platform for all customer types. We have been rolling out a rebrand and a number of big infrastructure changes. We will be going live shortly with what we believe to be the fastest and most scalable exchange (< 250-microsecond order create/cancel) based on real-world metrics available to a shared retail and institutional audience. We aim to become a utility for large liquidity providers to exchange unlimited amounts of risk under a membership model instead of pay-per-trade and have low fees and deep books for retail with a number of liquidity protections. We will then start listing more products with appropriate controls and vetting as we move into derivatives. Above all we want a regulated, institutional-grade platform where people feel safe to trade with unique product options”. Josh Barraclough, CEO, One Trading. INTERVIEW WITH ONE TRADING CEO, JOSH BARRACLOUGH One Trading intends to operate as a MiFID Trading Venue, which will augment its existing VASP license, and would allow its platform to offer capital-efficient spot and derivative products for all customer types. It also offers a higher level of protection for customers who will be vetted through stringent anti-money laundering (AML) and Know-your-customer (KYC) procedures as well as client appropriateness checks. The full-scale MiFID license will also allow One Trading to list financial instruments – removing the debate over whether a DLT asset is a token or a security – and will permit new products to be designed from the ground up with appropriate vetting, transparency and customer protection in mind. One Trading’s platform also offers access to a high-touch and secure OTC trading service, enabling high-net-worth individuals and institutions access to a wide range of digital assets, with competitive fees, and deep pools of liquidity. About One Trading The One Trading team is based and headquartered in Europe with offices across Amsterdam, London, Milan, and Vienna. One Trading is regulated in the EU and has built its product and venue to meet the needs of European customers. One Trading’s mission is to bridge the gap between crypto and traditional asset trading with a single regulated trading platform for all customer types and all products. Users can learn more about One Trading at their website: www.onetrading.com and for more updates, follow the One Trading social channels via Linktree. Contact Marketing Contact Andy Keelaghan One Trading [email protected]

In a recent comprehensive report by Capriole Investments, Charles Edwards presents a compelling case for why 2024 will be a pivotal year for Bitcoin, potentially offering the highest returns in its current four-year cycle. The report delves into multiple facets of Bitcoin’s future, including its role as an inflation hedge, the upcoming Halving event, and the impact of imminent ETF approvals. A Confluence Of Catalysts For Bitcoin Edwards begins by addressing the skepticism surrounding Bitcoin’s performance as an inflation hedge. “Bitcoin gets a hard rep for its performance coming out of 2021 amidst growing inflation,” he notes. Contrary to popular belief, Edwards asserts, “Bitcoin was a great inflation hedge – it was when it needed to be.” He emphasizes Bitcoin’s impressive 1000% rise from Q1-2020 to Q1-2021, outpacing all other asset classes. This surge, he explains, was a direct response to the Federal Reserve’s multi-trillion-dollar QE packages announced in March 2020. “Markets today move incredibly fast and are forward looking. As soon as macro announcements are made, the pricing-in begins,” Edwards states. Drawing a comparison between Bitcoin and traditional hedges, Edwards points out that Bitcoin’s performance during the liquidity boom was unparalleled. “There is no doubt that Bitcoin dominated the crisis as the best inflation hedge,” he asserts, adding, “There is no second best. Bitcoin was the greatest inflation hedge we have ever seen.” The second crucial catalyst for Bitcoin is the upcoming halving in April 2024. Edwards highlights the gravity of this event, stating, “The upcoming Bitcoin halving in April will drop Bitcoin’s supply growth rate to 0.8% p.a. and below that of Gold (1.6%) for the first time ever.” This means that “In April 2024, Bitcoin will for the first time become harder than Gold.” Addressing the common argument that the Halving is already priced in, Edwards counters, “If there is one thing we have learnt from Bitcoin’s past it’s that the halving is never priced in.” He argues that 80% cycle drawdowns reset all interest in Bitcoin. Furthermore, Edwards draws parallels to previous cycles, noting that many on-chain metrics indicate that the current cycle mirrors those of 2019 and 2015 exactly. Third, Edwards also touches upon the regulatory landscape, highlighting the clarity brought about by the CFTC’s classification of Bitcoin as a commodity in 2021. He also mentions the significant announcement of Blackrock’s Bitcoin ETF application and the federal appeals court’s order for the SEC to reconsider its rejection of the Grayscale spot ETF. His base case expectation is that the SEC will approve the spot ETF either in October 2023 or January 2024. Discussing the potential impact of ETFs on Bitcoin, Edwards draws a parallel to Gold, noting the significant bull run that followed the approval of the Gold ETF in 2004. “When the Gold ETF approval hit, what followed was a massive +350% return, seven-year bull-run,” the analyst remarked, adding, “so, we have three incredible catalysts on the very near horizon,” he states, listing the upcoming halving, imminent ETF approvals, and Bitcoin’s status as the best inflation hedge. In conclusion, Edwards presents a bullish yet cautious outlook. While he acknowledges the short-term bearish signals, he remains optimistic about the long-term prospects. “In Bitcoin’s four-year cycles, there’s typically 12-18 months where 90% of returns happen, followed by 2-3 years of sideways and down,” he observes, adding, “I am expecting that the single highest returning year of this cycle will be 2024 and I believe the data supports that thesis.” At press time, BTC surged to $26,246, up 1.8% in the last 24 hours.

XRP has once again found itself in a state of relative stability. Despite minimal gains, the crypto is holding firm at $0.5, showcasing a remarkable resilience over the past 24 hours. However, the intriguing aspect of this scenario lies in the technical analysis and upcoming developments that may hold the key to XRP’s future trajectory. Recent price analysis reveals that XRP is currently being held in check by the 50-day Exponential Moving Average (EMA), capping its price at $0.5027. Furthermore, another significant seller congestion point looms at $0.505. This data paints a clear picture of the cryptocurrency’s sideways trading pattern, indicating that XRP is likely to remain within this range until it encounters a market-shifting event. The forthcoming update on the XRP Ledger has the potential to be precisely that. XRP: Current Status As of now, the Ripple native currency is priced at $0.505186 via CoinGecko, marking a modest 0.3% gain in the past 24 hours. However, its performance over the past seven days reflects a minor loss of 0.8%. According to expert analysis, traders should anticipate a consolidation phase in the range of $0.4950 to $0.5050 for the foreseeable future. A glance at the weekly chart reveals a market in equilibrium, with neither the bulls nor the bears asserting dominance. This sentiment aligns with the declining trading volume, hinting at a potential breakout once XRP can secure a position above the interim zone of $0.55. A pivotal resistance level of $0.5848 awaits, promising a substantial rally if breached. Ledger Update The crypto community’s hopes are pinned on XRP’s upcoming update, version 1.12.0, which incorporates two transformative features. This update merges the XLS-30 Automated Market Maker (AMM) and the XLS-39 Clawback specification into the XRP Ledger’s protocol. The brainchild of Ripple’s CTO, David Schwartz, and Aanchal Malhotra, RippleX’s Head of Research, the proposal behind XLS-30 aims to enhance returns for liquidity providers in the AMM while mitigating the risks posed by market volatility. Anticipated Recovery The technical indicators also hint at an impending recovery for XRP. With the cryptocurrency testing the lower boundary of the Bollinger Bands, historical data suggests a tendency to revert to the indicator’s middle, indicating that the bulls might soon take charge. XRP’s current sideways trading may be a precursor to significant movement, with the upcoming XRP Ledger update holding the potential to act as a catalyst for change. Crypto enthusiasts and traders will be watching closely as XRP navigates this pivotal juncture in its journey through 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 Times Tabloid

HONG KONG–(BUSINESS WIRE)–At this year’s INCLUSION · Conference on the Bund, Ant Group Digital Technologies launched a new brand called ZAN which comprises of a full suite of blockchain application development products and services for both institutional and individual Web3 developers. For institutional customers, ZAN provides a solution to help them issue and manage real world assets (RWAs) in compliance with local regulatory requirements. With Ant Group Digital Technologies’ software and hardware co-design technologies, as well as its experience over the past several years in bringing tens of millions of RWAs onto blockchains in a trustworthy way, ZAN RWA solution can help efficiently bring new assets to the Web3 world, enabling more Web3 applications and use cases, and enhancing synergy between the real world and Web3-powered digital world. Recognizing the importance of security and compliance in the Web3 industry, ZAN also provides a series of technical products, including electronic Know-Your-Customer (eKYC), Anti-Money Laundering (AML) and Know-Your-Transactions (KYT), to help Web3 businesses build up their capabilities in customer identity authentication, security protection and risk management. Moreover, ZAN provides developers Smart Contract Review (SCR) services to efficiently and reliably handle Web3 app development issues relating to security, performance, cost and user experience, and Node Service including high-performance, high-availability, low-latency and secure Remote Procedure Call (RPC) for building dApps, as well as enhanced APIs and other tools to improve development efficiency and keep track of dApps’ activities in real time. “Web3 is a technology sector bringing new opportunities as it cultivates more and more innovations. At Ant Group Digital Technologies, we have seen the trend and also efficiency and security related bottlenecks during the application development process,” said Zhang Hui, Chief Executive Officer of ZAN. “To resolve these pain points, ZAN is dedicated to investing in research and development of Web3 technologies and products, providing more extensive and reliable technical services to support the community, and working with our partners to accelerate Web3 developments and innovations.” ZAN began piloting its technical services early this year. In April 2023, during the Hong Kong Web3 Festival, HashKey DID, a Web3 decentralized identity data aggregator, announced its adoption of ZAN eKYC, to provide users with access to its compliant Web3 service platform. “ZAN eKYC product has received good feedback from us and our customers after being deployed. It is convenient and safe to complete the process of user login, authentication, and management. We expect ZAN to make great contributions to the mass adoption of Web3,” said Chao Deng, Chief Executive Officer of HashKey Group Singapore. HashKey Group, as well as Morpheus Labs and Everest Ventures Group, participated in ZAN’s brand launch ceremony as ZAN’s first batch of partners. As a new brand of Ant Group Digital Technologies, ZAN’s products and services are powered by technical innovations from AntChain Open Labs. During the 2023 INCLUSION · Conference, AntChain Open Labs also announced TrustBase, the open-source initiatives of its technology stacks, covering latest technical advancements in cryptography technologies such as multi-party computing (MPC), zero knowledge proof (ZKP) and full homomorphic encryption (FHE). About ZAN As a technology brand of Ant Group Digital Technologies for Web3 products and services, ZAN provides rich and reliable services for business innovations and a development platform for Web3 endeavors. The ZAN product family includes ZAN eKYC, ZAN KYT, ZAN Smart Contract Review, ZAN Node Service, with more products in the pipeline. About Ant Group Digital Technologies Ant Group Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like AntChain, Zoloz, SOFAStack, and mPaaS based on its expertise in blockchain, privacy computing, security technology, and distributed database. Ant Group Digital Technologies is committed to working with partners across different industries to support the small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally and facilitate digital collaboration across industries. Contacts Media Inquiries Vick Li Wei Ant Group Digital Technologies [email protected]

Binance Coin (BNB) finds itself in a precarious position, with its price rebound heavily contingent on a resurgence in network activity for BNB Chain. The decline in network activity has played a pivotal role in hindering price momentum for BNB, leaving investors and enthusiasts eager for a turnaround. BNB’s recent price action has been characterized by extended periods of sideways movement. The bears have proven resilient at the resistance level, preventing prices from breaching the $225 mark. Currently, BNB is trading at $216.80, according to CoinGecko, with 24-hour gains of a modest 0.8%. Over the past seven days, the coin has seen a marginal decline of 0.1%, leaving investors and enthusiasts eagerly awaiting signs of a potential price rebound. BNB Hinging On Bitcoin’s Performance For bulls hoping to witness an upward movement in BNB’s price, their hopes might rest largely on Bitcoin’s shoulders. A significant breakthrough for Bitcoin above the $26,000 mark could inject much-needed bullish sentiment into the broader market, potentially benefiting BNB in the process. Technical price analysis paints a rather bleak picture for BNB. The Relative Strength Index (RSI) reflects the lack of demand for BNB, with a brief spike above the neutral 50 on August 30 quickly followed by a decline below the neutral 50. As of the latest data, the RSI remains in this bearish territory. Additionally, the On-Balance Volume (OBV) has witnessed significant drops in trading volume, both in early June and late August. These sharp declines have contributed to BNB’s lateral price movement, further reinforcing the prevailing bearish market structure. Regulatory Woes And Executive Exodus Adding to BNB’s challenges is the regulatory scrutiny Binance, the platform behind BNB, has been facing recently. The exchange has been in the crosshairs of regulators worldwide, and the situation has been exacerbated by the departure of several high-ranking executives. Mayur Kamat, Binance’s head of product, is the latest in a string of senior executives to leave the company, marking the fourth such departure. As BNB grapples with these obstacles, experts in the field predict that the coin may experience further downward pressure. According to a price report, some experts anticipate BNB’s price to drop to $208 by September 19. Binance Coin’s prospects remain uncertain as it navigates a challenging landscape characterized by declining network activity, technical indicators flashing warning signs, regulatory hurdles, and executive departures. The fate of BNB appears intertwined with the broader cryptocurrency market’s performance, and investors and enthusiasts will be closely monitoring developments in the coming weeks. (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 iStock

Tron price is gaining pace above $0.0780 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0800 resistance. Tron is moving higher above the $0.0750 pivot level against the US dollar. The price is trading above $0.078 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.088 or even $0.10. Tron Price Breaks Higher In the last Tron price prediction, we discussed the chances of an upside break against the US Dollar. TRX remained well-bid and stable above the $0.0750 level. It started a decent increase and broke a few key hurdles near $0.0775, outperforming Bitcoin. There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX/USD pair. The pair even cleared the $0.0785 level. A high is formed near $0.0793 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.0751 swing low to the $0.0793 high. TRX is trading above $0.078 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0795 level. The first major resistance is near $0.080, above which the price could accelerate higher. The next resistance is near $0.088. Source: TRXUSD on TradingView.com A close above the $0.0880 resistance might send TRX further higher. The next major resistance is near the $0.095 level, above which the bulls are likely to aim a larger increase toward the key $0.10 zone in the coming days. Are Dips Limited in TRX? If TRX price fails to clear the $0.080 resistance, it could start a downside correction. Initial support on the downside is near the $0.0780 zone. The first major support is near the $0.0770 level or the 50% Fib retracement level of the upward move from the $0.0751 swing low to the $0.0793 high, below which the price could accelerate lower. The next major support is $0.0750. Technical Indicators 4 hours MACD – The MACD for TRX/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently above the 50 level. Major Support Levels – $0.0780, $0.0770, and $0.0750. Major Resistance Levels – $0.080, $0.0880, and $0.100.

Benjamin Cowen, an analyst and founder of Into The Cryptoverse, thinks Bitcoin will likely maintain a downside trajectory in September ahead of next year’s halving. Pointing to the coin’s performance and comparing it to how Bitcoin has faired over the years, the analyst predicts doom for the world’s most valuable cryptocurrency. Bitcoin is trading at around $25,860 and has remained under pressure in the past few weeks after surging almost 60% from November 2022 lows, when the drop was accelerated by the collapse of FTX and the bankruptcy of several centralized finance (CeFi) lending platforms like BlockFi, the coin retraced from July 2023 peaks when it rallied to around $31,800. Will September Be Tough For BTC Bulls? After an impressive performance in July, bears peeled back all gains in August. By the close of the month, Bitcoin was down roughly 20% from July 203 highs, with losses on August 17 triggering a scare across the board. In his analysis, Cowen notes that the coin lost 11.31% in August, slightly lower than the average of the past two pre-halving years when the mean return that month when the coin shrunk by 11.71%. However, his projections for BTC look dimmer in September. The analyst, citing data, said prices tend to contract in all of September before halving. The average return stood at -17.29% in September before Bitcoin halved. Therefore, if the same holds and Bitcoin follows the same trend, the coin will likely dump to $21,400 by the end of this month. Related Reading: Make Or Break: Bitcoin Fate Hangs On The Edge Of The 200-Week EMA On the “brighter” side, if the performance of Bitcoin in September in the last two halvings is factored in, the average return was -5.66%, which means BTC, though bearish, could end up falling to around $24,400 by the end of the month. This assessment implies that if historical performance leads, BTC may edge even lower in the next few weeks. Which Way For Bitcoin? Bitcoin supporters are bullish over the medium to long term. Despite the sharp dump on August 17, which pushed the coin to new H2 2023 lows at around $25,200, the slight recovery in the second half of August and the first week of September might anchor bulls’ hopes. Bitcoin is not out of the woods just yet, looking at price action. From the daily chart, BTC prices are inside the bear candlestick of August 17, the main anchor bar that defines the current price action. Besides, though prices are relatively higher, trading volumes are relatively low. For a refreshing recovery, supporters are banking on the Securities and Exchange Commission (SEC) approving a spot Bitcoin Exchange-Traded Fund (ETF). This derivative product would allow institutions to gain exposure, channeling capital and potentially driving demand for BTC.

Bitcoin price is slowly moving higher above $26,000. BTC is showing signs of recovery but is still struggling to clear the $26,500 resistance zone. Bitcoin is up 2% and trading above the $26,000 resistance zone. The price is trading well above $26,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance near $25,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the $26,500 and $26,750 resistance levels. Bitcoin Price Avoids Downside Break Bitcoin price managed to stay above the $25,350 support zone. BTC bulls protected a major downside break and pushed the price above the $25,850 resistance. There was a move above the $26,000 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $25,940 on the hourly chart of the BTC/USD pair. The pair even climbed toward the $26,500 resistance zone where the bears appeared. A high is formed near $26,487 and the price is now consolidating gains. It traded below the 23.6% Fib retracement level of the recent increase from the $25,609 swing low to the $26,487 high. Bitcoin is now trading well above $26,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $26,400 level. The first major resistance is near the $26,500 level. A proper close above the $26,500 level might start a decent increase. Source: BTCUSD on TradingView.com The next major resistance is near $27,000, above which the bulls could gain strength. In the stated case, the price could test the $28,000 level. Are Dips Now Limited In BTC? If Bitcoin fails to clear the $26,500 resistance, it could start a downside correction. Immediate support on the downside is near the $26,100 level. The next major support is near the $26,000 level or the 50% Fib retracement level of the recent increase from the $25,609 swing low to the $26,487 high. A downside break and close below the $26,000 level might increase selling pressure. In the stated case, the price could drop toward $25,500 or even $25,350. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $26,100, followed by $26,000. Major Resistance Levels – $26,400, $26,500, and $27,000.

Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if it clears $1,650 and $1,670 in the near term. Ethereum is slowly moving higher above the $1,620 support zone. The price is trading above $1,640 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $1,650 and $1,670 resistance levels. Ethereum Price Eyes Upside Break Ethereum’s price remained stable above the $1,620 support zone. ETH formed a base and made another attempt to clear the $1,650 resistance, like Bitcoin. There was a spike above the $1,650 resistance zone but the bulls struggled near the next hurdle at $1,670. A high was formed near $1,669 before the price trimmed gains. It traded below the $1,650 level. The bears pushed it below the 50% Fib retracement level of the upward move from the $1,625 swing low to the $1,669 high. However, the bulls protected the $1,640 zone. It is close to the 61.8% Fib retracement level of the upward move from the $1,625 swing low to the $1,669 high. Ether is now trading above $1,640 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support near $1,625 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,650 level. Source: ETHUSD on TradingView.com The next resistance is near the $1,670 level, above which the price could rise toward the $1,720 level. The next major hurdle is near the $1,750 level. A close above the $1,750 level might send Ethereum further higher. The next resistance might be near $1,820. Any more gains might send the price toward the $1,880 resistance. Another Decline in ETH? If Ethereum fails to clear the $1,670 resistance, it could start another decline. Initial support on the downside is near the $1,642 level. The first key support is close to $1,635 and the 100-hourly Simple Moving Average. The next key support is $1,625 and the trend line. A downside break below $1,625 might push it to $1,600. If there is a downside break below $1,600, the price could revisit the key $1,540 support level. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,625 Major Resistance Level – $1,670

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO–(BUSINESS WIRE)–$CBIT #Bitcoin–(Block Height: 806,656) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQB: CBTTF) (“Cathedra” or the “Company”), a diversified bitcoin mining company, is pleased to announce that it has filed today a final base shelf prospectus (the “Shelf Prospectus”) with the securities regulatory authorities in each of the provinces and territories of Canada. The Shelf Prospectus will be valid for a 25-month period, during which time the Company may issue common shares, warrants, subscription receipts, units, debt securities, and share purchase contracts (the “Securities”) in amounts at prices and on terms based on market conditions at the time of sale and set forth in an accompanying prospectus supplement (“Prospectus Supplement”), having an aggregate offering amount of up to US$10 million. Unless otherwise specified in a Prospectus Supplement, the net proceeds from the sale of Securities may be used for general corporate and working capital requirements, funding ongoing operations, to repay indebtedness outstanding from time to time, to complete future acquisitions, or for other corporate purposes. Each Prospectus Supplement will contain specific information concerning the use of proceeds from that sale of Securities. There is no certainty that any Securities will be offered or sold under the Shelf Prospectus within the 25-month period. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The Securities referred to in this news release may not be offered or sold in the United States absent registration or an applicable exemption from registration. A copy of the final Shelf Prospectus can be found on the Company’s SEDAR+ profile at www.sedarplus.com. About Cathedra Bitcoin Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQB: CBTTF) is a Bitcoin company that believes sound money and abundant energy are the keys to human flourishing. The Company has diversified bitcoin mining operations which produce 387 PH/s across four states and six locations in the United States. The Company is focused on managing and expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions. For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin. Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, are forward-looking information. Other forward-looking information includes but is not limited to information concerning: the filing of the Shelf Prospectus and any Prospectus Supplement filed in connection therewith, the potential issuance of securities of the Company, the amount of securities that may be issued and the use of proceeds under the (final) base shelf prospectus and any prospectus supplement filed in connection therewith, the intentions and future actions of senior management, the intentions, plans and future actions of the Company, as well as the Company’s ability to successfully mine digital currency; revenue increasing as currently anticipated; the ability to profitably liquidate current and future digital currency inventory; volatility of network difficulty and, digital currency prices and the resulting significant negative impact on the Company’s operations; the construction and operation of expanded blockchain infrastructure as currently planned; and the regulatory environment of cryptocurrency in applicable jurisdictions. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information, including risks related to the offering or sale of securities pursuant to the Shelf Prospectus, the completion of the transactions contemplated in this news release in the manner anticipated and those factors discussed in greater detail under the “Risk Factors” section in the Company’s preliminary base shelf prospectus and its annual information form, both of which are available under the Company’s profile on SEDAR at www.sedar.com, and should be considered carefully by prospective investors.. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law. Contacts Media and Investor Relations Inquiries Sean Ty Chief Financial Officer [email protected]

World’s largest Web3 event hits full capacity with over 10,000+ attendees globally, 300+ exhibitors and 400+ side events; making it the industry’s biggest international gathering of the year Speakers include Binance CEO Changpeng Zhao; prolific entrepreneur Balaji Srinivasan; F1 Driver Daniel Ricciardo; Worldcoin Co-Founder and OpenAI CEO Sam Altman and many more SINGAPORE–(BUSINESS WIRE)–#token2049—TOKEN2049, Asia’s premier Web3 and crypto conference, confirms a record-breaking 10,000+ attendees and over 300 exhibitors ahead of its upcoming Singapore edition, with over 400+ side events taking place as part of TOKEN2049 Week. Dominated by industry pioneers spanning the worlds of traditional finance and banking, digital assets, AI, and Web3, TOKEN2049 has certainly solidified its position as the industry’s most anticipated event of the year. The event offers a truly global experience, with a remarkable 80% of its attendees flying in from overseas to take part. With less than 4 days to go, TOKEN2049 is set to welcome a full house of tech pioneers, investors, policymakers, and industry shakers from across the globe at the iconic Marina Bay Sands from 13-14 September 2023. Showcasing a uniquely immersive NFT gallery in collaboration with title sponsor Artfi, TOKEN2049 will feature exclusive art from the world’s most prestigious asset class. With a comprehensive agenda spanning the intersection of AI and Web3, DeFi, next-gen Web3 gaming and the metaverse, the conference will see a stellar lineup of speakers discuss pivotal themes fuelling the growth trajectory of the industry. This year’s final speaker line-up includes Balaji Srinivasan, Founder, Investor and Author of The Network State; Changpeng Zhao, CEO of Binance; Daniel Ricciardo, Scuderia AlphaTauri Formula 1 Driver; Jeremy Allaire, Co-Founder and CEO of Circle; Sam Altman, Co-Founder of Worldcoin and CEO of OpenAI; Jenny Johnson, CEO of Franklin Templeton; Sandeep Nailwal, Co-Founder of Polygon; and Cameron and Tyler Winklevoss, Co-Founders of Gemini, with many more industry stalwarts taking stage at the critical convention. Celebrating the event’s tremendous traction, Alex Fiskum, Co-Founder of TOKEN2049 said: “We are thrilled to announce that TOKEN2049 is gearing up for its most monumental event to-date. With over 10,000 attendees already confirmed, TOKEN2049 Singapore is set to be an unforgettable gathering of the global crypto community. This unique convergence of the global crypto ecosystem promises fantastic networking opportunities for all participants. We are incredibly excited!” TOKEN2049’s top-notch roster of title sponsors include leading crypto exchange and Web3 technology company OKX; a pioneering crypto-fiat bridging ecosystem Cross Finance; the gateway to ethics-first Shariah-compliant finance in the digital age, Islamic Coin; DAO-led web3 ecosystem Mantle; simplifying art investing by harnessing the power of NFT and blockchain — Artfi; TRON DAO, empowering decentralized commerce and community for every human on the planet; Polkadot, the blockspace ecosystem for boundless innovation; world’s largest crypto copy trading platform Bitget; global financial technology firm Circle Internet Financial (Circle); structured liquid staking and asset tracking protocol Tranchess; Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain; top cryptocurrency exchange platform KuCoin; global digital asset market maker and multi-stage Web3 investment firm DWF Labs, and high-performance public blockchain Klaytn. To commemorate the end of the week’s festivities, AFTER2049, TOKEN2049’s official closing event and iconic Formula 1 Grand Prix pre-weekend party, will also once again be making a return this year on Friday, 15 September. Headlined by South Africa-based DJ and producer Shimza, UK-based house icon Enzo Siffredi, and Hong Kong’s Leon, Milam, and Mo-Shi, attendees will be treated to breathtaking views of the skyline as AFTER2049 takes over Singapore’s most iconic open-air venue, CÉ LA VI and the Observation Deck of Marina Bay Sands. Limited tickets for AFTER2049 will be available for purchase on Resident Advisor. Tickets for TOKEN2049 Singapore are expected to sell out very soon. For more information on ticketing and updates on TOKEN2049 Singapore, please visit: https://www.asia.token2049.com/ Alex Fiskum, Co-Founder of TOKEN2049 is available for interview. ABOUT TOKEN2049 TOKEN2049 is a premier Web3 event, organised annually in Singapore, 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. Contacts Media [email protected]

Recent adjustments by JPMorgan in its estimation of Bitcoin’s production costs have garnered attention. Previously standing at $21,000, JPMorgan’s revised Bitcoin production cost has now been pegged at $18,000. This move is closely tied to the Cambridge Bitcoin Electricity Consumption Index’s (CBECI) decision to update its methodology, highlighting the interconnectedness of financial analyses and industry metrics. Notably, the CBECI is known for its critical role in tracking and estimating the electricity consumption of the Bitcoin network. Revised CBECI Methodology’s Impact On Mining Costs JPMorgan analysts, under the guidance of Nikolaos Panigirtzoglou, noted in a recent report that the new methodology changes the landscape of Bitcoin’s production cost estimations. The report revealed: According to the analyst, this shift implies that future changes in electricity prices will have a comparatively lesser effect on mining costs. The CBECI’s adjustments have a broader impact than simply changing estimates. Analysts have discovered that changes in electricity costs can significantly reduce the cost of producing 1 Bitcoin. With the new CBECI methodology, this sensitivity has decreased slightly to approximately $3,800, compared to the previous $4,300 change for every one cent per kWh (kilowatt hour). According to the analyst, this sensitivity is expected to double after the 2024 halving event, which will decrease miners’ rewards by half. This change will amplify the importance of cost management due to the higher impact of electricity costs on the overall mining expenses. Bitcoin Latest Price Action So far, Bitcoin is still very much in the red. Following the asset’s 13% drop in the past month, slipping below $29,000, Bitcoin hasn’t made any significant movement aside from a continued downward trend. However, over the past 24 hours, BTC has seen some gains. The top crypto currently trades for $25,902 at the time of writing, up by nearly 1% in the past day. Over the past month, more than $70 billion has been erased from the asset’s market cap. Nevertheless, the past 24 hours have seen the asset record an inflow of $3 billion. While BTC’s price and market cap suffered a bloodbath, its trading volume was negatively impacted. Bitcoin has seen its trading volume fall from a high of $14 billion last Wednesday to as low as $3.5 billion yesterday and $8 billion in the past 24 hours. This is a significant plunge compared to the daily trading volume of more than $15 billion recorded early last month. Featured image from iStock, Chart from TradingView

A Shiba Inu developer team member urges the community to start building on Shibarium, a layer-2 blockchain. Lucie emphasizes that developers can now freely build on Shibarium. Lucie advises the community to be cautious of scammers misrepresenting the official Shibarium release. A key member of the Shiba Inu developer team is encouraging the community to start building on the recently launched Shibarium layer-2 blockchain. Shiba Inu’s lead community manager and marketing expert, known on Twitter as @LucieSHIB, posted that with Shibarium now live, third-party developers and companies waiting to create on the platform should begin doing so. While most of the SHIB community is aware Shibarium launched, Lucie noted some may still feel confused. Her message aimed to signal that any developer can now start building dApps, smart contracts, metaverses, and more on Shibarium without obstacles. “If you’re itching to build, GO FOR IT!” Lucie wrote, inviting developers to tap into the new scaling solution. LUCIE cautions Shiba Inu army to stay away from scams However, she cautioned the community to research thoroughly and avoid scammers misrepresenting the official Shibarium release. Lucie closed by urging creators to build something incredible together on Shibarium. The post underscores the developer team’s priorities now that the long-awaited layer-2 platform is live: fostering an ecosystem of projects and use cases. While speculative hype initiated SHIB’s viral growth, Shibarium’s success depends on its real-world utility. By openly encouraging developers to leverage Shibarium for their own innovations, the team reveals a community-first mentality aimed at collaborative, decentralized growth. If developers heed the call, Shibarium could soon blossom with a wide range of groundbreaking applications.

Bitrock, a layer 2 EVM-compatible sidechain, offers lower gas fees and high throughput to users. The network’s native token BROCK currently holds a market cap of $6.7 million. The Layer 2 blockchain ecosystem is continually evolving, with projects like Polygon, Arbitrum, Immutable X, and Mantle leading the way. In this competitive space, where numerous innovative projects enter, distinguishing the best among them can be challenging. However, Bitrock has captured the community’s attention by establishing itself as a cost-efficient and fast layer 2 EVM-compatible sidechain. Bitrock Adds Unique Benefits to the Layer 2 Landscape Bitrock forayed into the blockchain scene with its stealth launch on July 13. The project set itself apart by funding its development from the team’s own resources and completing it just two months before launch. Unlike many other Layer 2 solutions, Bitrock is not a fork. It maintains a total supply equal to its circulating supply, with no locked or vested tokens, ensuring no further dilution. One of Bitrock’s standout features is its core team’s KYC verification with Assure DeFi, a partner working closely with the FBI, the US Attorney’s Office, and various government entities. Notably, Bitrock recently underwent a comprehensive audit with CTDSEC, a blockchain security firm that audited projects such as XRP, Ethereum, and DEXTools. Bitrock’s top score in this audit signifies its commitment to security and reliability. Bitrock employs a Proof-of-Authority (PoA) consensus mechanism, enabling faster, cheaper, and more scalable transactions. Remarkably, users benefit from lower gas fees, with transactions costing as little as $0.00001 each. Furthermore, with a block time of 2 seconds and a commendable throughput of 12,000 transactions per second, Bitrock surpasses the capabilities of established Layer 2 solutions. In addition to these advantages, Bitrock’s native decentralized exchange (DEX) — Rockswap — is set to introduce a multichain integration layer, first with Ethereum. This enables the buying and selling of tokens on their native chains without the need for external swaps or gas fees in native tokens. Additionally, the L2 chain’s token builder utility simplifies the process of launching tokens by deploying a standard preloaded contract. This facility is accessible to anyone, even those with no coding or technical expertise. Bitrock also encourages staking with annual percentage yields (APY) of 30% for Ethereum side staking and 60% for mainnet staking, enticing users to participate in securing the network. Currently, over 40% of the total supply is staked, indicating strong community engagement. Bitrock on the Path to Success? Bitrock established rapid integration with various blockchain tools and platforms over the past few months. The layer-2 solution is integrated on prominent platforms such as crypto exchange Bitmart, launchpad protocol Pinksale, and Trust Wallet Swapping and renowned crypto applications such as DEXTools, Dexview, Geckoterminal, Sphynx Labs and Avedex. This adaptability ensures that Bitrock can be seamlessly incorporated into any wallet that supports custom networks, expanding its accessibility to users. Additionally, Bitrock’s approach to launching official partner projects involves a rigorous vetting process to ensure security and value addition to the chain. In return for passing this process, Bitrock offers projects marketing and project support — pre and post-launch activities — on its channels as well as other various incentives. Three official partner projects have already been launched on Bitrock including Rockswap. At press time, the native token — Bitrock (BROCK) — held a market capitalization of $6,749,877 and traded at the price of $0.06749.

This week’s G20 Summit is where the document will finally be addressed. Financial and economic security are still seen as being in jeopardy by the paper. Thursday saw the release of a report outlining policy suggestions and guidelines for crypto regulation. This was from the International Monetary Fund (IMF) and the Financial Stability Board (FSB). India, as G20 president, has requested that the IMF and FSP create policy and regulatory frameworks. This is for a unified approach to crypto asset regulation. This week’s G20 Summit is where the document will finally be addressed. Worldwide Push for Crypto Regulation Moreover, the Financial Stability Board (FSB), the G20’s risk watchdog, and the International Monetary Fund (IMF) collaborated on a document recommending worldwide crypto laws at the G20 Summit. The move is part of a larger worldwide push to regulate cryptocurrencies. And reduce the potential harm they pose to the economy and the financial system as a whole. Concerning crypto laws, the IMF detailed several factors. The hazards stemming from crypto-assets have prompted the Financial Stability Board (FSB) and other standard-setting organizations (SSBs) to develop proposals and guidelines to address these concerns. Financial and economic security are still seen as being in jeopardy by the paper due to stablecoins and DeFi. It states that the advantages of cryptocurrency, such as reduced transaction times for international payments and wider access to banking services, have not been shown. Earlier, Nirmala Sitharaman, India’s finance minister, has revealed that the topic of crypto regulation has been brought up in discussions for a worldwide framework for regulating crypto assets. The crypto industry as a whole has been lobbying for more crypto-friendly legislation from government agencies. It will assist spur development in cutting-edge areas like blockchain, web3, and more. Highlighted Crypto News Today: Shiba Inu’s Lucie Sends Clear Message: It’s Time to Build on Shibarium